treasury

FGN: $400bn looted from govt treasury

September 13, 2019 1:28 am

The federal government said Thursday that the amount of money looted from government treasury through corrupt practices stood at $400 billion.

This is coming as the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, said the commission was committed to the recovery of stolen assets for the development of the country.

The Minister of State for Niger Delta Affairs, Mr. Festus Keyamo, who made the declaration in Abuja, said government arrived at the amount through a research conducted recently.

Keyamo, who spoke while addressing 164 officers of the EFCC Cadet Course 8 currently undergoing …

Trump’s tax returns: US Treasury secretary defies congress

May 6, 2019 10:59 pm

The United States Treasury Department informed Congress Monday it will not turn over President Donald Trump’s tax returns, according to the deadline given by the chairman of the House Ways and Means Committee.

In a May 6 letter, Treasury Secretary, Steven Mnuchin told House Ways and Means Committee Chairman Richard Neal that he would not comply with the Democrat’s April 3 request, saying it lacks “a legitimate legislative purpose.”

The snub has left the Democrats-dominated house pondering the next step.

Senate orders minister to return ₦14.3b to treasury

April 30, 2019 4:33 am

•Warehousing of fund followed due process, NEPZA boss insists
The Senate has ordered the Minister of Industry, Trade and Investment, Okechukwu Enelamah, and the Acting Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Terhemba Nongo, to immediately return N14.3 billion of the agency’s 2017 budget votes to the treasury.

A letter by the chairman of its Committee on Trade and Investment, Mohammed Nakudu Sabo (APC Jigawa South West) threatened a “serious legislative action” in the event of non-compliance.