funds

Uganda Govt. Releases Emergency Funds After Deadly Floods

December 6, 2019 11:51 am

Ugandan government has released 20 billion shillings (about 5.5 million U.S. dollars) for emergency response after deadly landslides and floods hit parts of the east African country.

Musa Ecweru, minister of state for relief, disaster preparedness and refugees, on Friday said the funds have been released under the ‘life-saving and rescue’ phase to address the landslides situation in the mountainous areas and in flooding areas.

At least four people were killed, five injured and over 6,000 people displaced on Tuesday after landslides triggered by torrential rains hit the three villages of Namasa, Naposhi and Shukururu in the eastern district of …

Abdulrasaq: Kwara Won’t Spare Public Funds Looters

December 1, 2019 3:49 am

Kwara State Governor AbdulRahman AbdulRazaq has said his administration would not tolerate any attempt to create distractions in attempts to unravel the case of the N5bn alleged to have been shared among former lawmakers in the state.

Abdulrazaq also said no government official would be spared if proven to have committed infractions against the law.

“A few days ago, some former Kwara lawmakers were alleged to have shared N5bn of taxpayers’ money among themselves. This of course followed a pattern of systemic looting of the treasury which has been discovered since we assumed office,” the governor said in a statement …

Paucity Of Funds Delay Lagos’ Adeniji Adele Redevelopment

Paucity Of Funds Delay Lagos’ Adeniji Adele Redevelopment

October 28, 2019 2:54 am
Three years after the authorities finalised plans to embark on the redevelopment of Adeniji Adele, one of the fast approaching slums communities in Lagos Central Business District, it appears the project has hit the brick walls due to the paucity of funds.
The Adeniji Adele redevelopment project was first identified for regeneration during the Raji Fashola administration. The project conceived by the state’s urban renewal authority was meant to be developed through exclusive state funding, however, a Public Private Participation approach was introduced in 2016.

It was formulated to redevelop the blighted estate, currently housing 720 families. The project would

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Hadi: We Are Waiting For Funds To Complete Enugu Airport

Hadi: We Are Waiting For Funds To Complete Enugu Airport

October 25, 2019 3:49 am

Aviation Minister, Senator Hadi Sirika, informed the Senate yesterday that the much completion of the Akanu Ibiam International Airport, Enugu, depends on the time the Federal Government releases money for it.

He, however, expressed optimism that the project would be completed by April 2020, “if the money is released now.”

Speaking at the defence of the 2020 Budget of the ministry before the Senate Committee on Aviation, Hadi noted that money to complete the project had been approved by President Muhammadu Buhari, but “we are waiting for the release and I am sure it will be released very soon.”…

₦900b probe: Senators, Reps to return fake projects funds

₦900b probe: Senators, Reps to return fake projects funds

June 18, 2019 12:26 am

Investigators are hitting the road today in search of lawmakers’ ₦900b constituency projects in states.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is verifying constituency projects executed by immediate past senators and members of the House of Representatives.

The commission said it will make recoveries on projects/contracts confirmed to have been inflated or in which contractors underperformed or did not perform at all.

To be verified are 180 key projects in the 36 states at the rate of five per state.

The probe covers projects between 2015 and 2018 embarked upon by members of the 8th National …

New regulations to protect local govt funds from governor

May 6, 2019 9:32 pm

Local governments financial autonomy is set for a major boost — courtesy of the Nigerian Financial Intelligence Unit (NFIU).

The agency yesterday banned banks, governors,  financial institutions, public officers and other stakeholders from tampering with the statutory allocations of Local Government Areas from the Federation Account.

It also  said all erring individuals and companies will face international and local sanctions.

READ MORE…

Waje set to quit music over lack of funds

March 25, 2019 3:01 pm

Afro-soul star, Aituaje Iruobe aka Waje reportedly wants to quit doing music professionally.

Waje announced this move in a now-viral video, citing high cost of publicity and low purchase rates of her album as reasons why she was considering quitting.

She said, “After everybody shouted ‘Waje, your last album was how many years ago, please we need an album’. Where are all the people that were shouting?

“I don’t have the money for publicity and that’s what I am saying. Emerald’s (her daughter) school fees is there.

“it’s like I have ten things laid out for me and every single
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