Showing posts with label funds. Show all posts
Showing posts with label funds. Show all posts

Friday, January 24, 2014

Budget 2014: Aso Rock Clinic’s VIP Section Gets More Funds Than Two Federal Teaching Hospitals

President Jonathan and his colleagues in government are enjoying first class medical treatments while ordinary Nigerians make do with rundown hospitals with dilapidated facilities

The VIP unit of the presidential hospital will receive N705 million, while an entire teaching hospital will get about N300 million for new projects.


Saturday, July 6, 2013

Pension Fund Administrators to invest ₦3.4tn in infrastructure from part of the growing pension funds

Acting Director-General, PenCom, Mrs. Chinelo Anohu-Amazu
Culled From Punch Nigeria
Pension Fund Administrators will invest part of the growing pension funds in infrastructure after the Pension Reform Act 2004 must have been replaced with a new act.
This was contained in a memorandum submitted by the National Pension Commission to the Senate Committee on Establishment and Public Service and the House Committee on Pensions at the joint public hearing for the proposed enactment of the Pension Reform Act 2013.  Acting Director-General, PenCom, Mrs. Chinelo Anohu-Amazu, said the commission proposed that the funds should be utilised for national development.
The bill states, “There is a consensus among stakeholders that the PRA should facilitate the optimal utilisation of pool of funds generated by the Contributory Pension Scheme towards national development.” It added that provisions had been made in the bill for the expansion of permissible investment instruments to accommodate initiatives for national development, such as investment in the real sector.

Thursday, June 6, 2013

How Fani-Kayode stole aviation funds – Witness

A Superintendent of Police, Bashir Abdulahi, yesterday told a Federal High Court in Lagos how former Minister of Aviation, Mr. Femi Fani-Kayode, allegedly made several illegal payments into his bank account while in office.
Abdulahi, who was an operative with the Economic and Financial Crime Commission, EFCC, but now at the Force Headquarters, Abuja, told Justice Rita Ofili-Ajumogobia that he investigated the alleged mismanagement of fund by Fani-Kayode.
Ofili-Ajumogobia adjourned till today for cross examination. But before the adjournment, the witness said the petition about mismanagement of aviation fund was assigned to his team for investigation. He said investigation revealed that several payments, beyond the legal limits, were made into Fani-Kayode’s account, through one Mark Saviour.
Telling the court how his team discovered the alleged fraud, Abdulahi said: “I and other members of the team assigned responsibilities for ourselves and collected various documents that would assist our investigation.”

Tuesday, April 9, 2013

Man Sells 6-month- Old Son To Raise Funds For Visa

One Mr Onyekachi  Ekwelum, who allegedly sold his six-month-old  son to raise funds to process his travel documents, would  be appearing before a magistrate in court to defend his action.

Mr Ekwelum allegedly hatched and executed the act without the consent of the wife, but the lid was blown off by his 20-year-old spouse Ozioma when she could not find their son and reported the matter to the police. Her husband had wanted to travel to Greece.

The Abia State commissioner of Police, Mr Usman Abubakar Tilli, who disclosed this to newsmen in his office on Monday said the police  mounted a man hunt that led to the rescue of the child and the arrest of the suspects.

CP Tilli  warned criminals to stay off the state as there would be no hiding place for them and said the suspects have been charged to court.

Wednesday, March 13, 2013

House Committee Orders Arrest Of 3 Top NNPC Staff Over Missing Funds Running Into Billions Of Dollar

House of Representatives Committee on Public Account has ordered the Inspector General of Police, Mr Mohammed Abubakar, to arrest and bring before the committee, the Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Engineer Andrew Yakubu, the Executive secretary, Petroleum Products Price regulatory Agency (PPPRA), Mr Reginald Stanley, and the Director Department of Petroleum Resources, Mr Augustine Olorunsola.
This is as a result the refusal of the trio to appear before the committee to defend the multi-billion dollar Auditor-General of the Federation query dated back to 2007. The IGP has therefore been given an ultimatum to ensure that the three individuals were brought before the committee in person by 1.00pm today.

Tuesday, February 26, 2013

MTN Nigeria Foundation Funds More than 50-patients To India in 2 Years

The MTN foundation, which gets its funding from one per cent of MTN’s profit after tax, has sponsored and supported over 50 patients from Nigeria with heart related diseases and other ailments to India for treatment in the last two years.
Portfolio Manager, Health, MTN Foundation, Mr. Abasi Ebong Udobong, dropped the hint in Lagos at a party organised by MTN for the recent batch of successful patients that just returned from India on a medical trip, courtesy of MTN Foundation. The Foundation bears the total cost of medical bills, including cost of visa, return tickets, feeding, accommodation and logistics of the patients throughout the duration of their treatment in India.
According to him, the foundation had several cases of heart related diseases, with some of them having holes in their hearts. Over 20 of the successful patients were celebrated by MTN at the party, with several of them giving their testimonies and thanking God and MTN for intervening in their health cases.

Wednesday, November 28, 2012

Sack Workers To Save Economy, Sanusi Tells Govt •Says 36 States Unsustainable; 774 LGAs Waste Of Public Funds

Mallam Lamido Sanusi.  Source
GOVERNOR of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has asked the Federal Government to downsize the labour force if it must achieve anything meaningful as far as economic resuscitation is concerned in the country.

Sanusi, who also insisted on total fuel subsidy removal, took a swipe at the Nigerian political system, asking for an inexpensive government system that will bring down overhead cost and liberate capital for infrastructural development. These calls were made during his presentation at the second Annual Capital Market Committee retreat that was held on Tuesday, in Warri, Delta State. To Sanusi, it is illogical for a country to have its economy developed when it spends 70 per cent of its revenue  in servicing salaries and gratuities of workers.


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