Thursday, September 20, 2018

Tag "Auditor general of the federation"

    REVEALED: Labour ministry organised N88m empowerment exercise for ‘ghosts’

REVEALED: Labour ministry organised N88m empowerment exercise for ‘ghosts’

The federal ministry of labour and employment organised an N88 million empowerment exercise for individuals that could not be traced.According to the 2016 report from the auditor-general of the federation obtained by TheCable, the supposed empowerment exercise were constituency projects for youths in Oyo and Ondo."Two (2) payment vouchers with amounts totalling N88,110,000.00 (Eighty-eight million, one hundred and ten thousand [...]

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    EXCLUSIVE: FG diverted N28bn Ecological Fund in 2016

EXCLUSIVE: FG diverted N28bn Ecological Fund in 2016

The federal government diverted N28 billion from the Ecological Fund in 2016, TheCable can report.According to the recently released auditor-general's report for 2016, the federal government termed the fund movements as "borrowings" and there were no clear arrangements for repayments."The Ecological Fund was set up for the amelioration of general ecological problems in any part of Nigeria," Anthony Ayine, the [...]

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    EXCLUSIVE: FAAC overpaid governors N10bn in bailout funds

EXCLUSIVE: FAAC overpaid governors N10bn in bailout funds

The federation accounts allocation committee (FAAC) paid states an excess of N10 billion while sharing bailout funds in 2016, TheCable can report.This is contained in the recently released annual report of the auditor general of the federation obtained by TheCable.In 2015, President Muhammadu Buhari approved funds to help governors pay salaries in their various states."Our review of records at the [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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