Why Nigeria is losing war against corruption — ICPC chair

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The chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye (SAN) yesterday, said the absence of adequate sanctions for offenders and proper reward regimes for people above board had been the bane of policies implemented in the fight against corruption in Nigeria. Owasanoye disclosed this at a one day stakeholders zonal […]

Farouk Lawan jailed 19yrs for $500,000 bribe

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Justice Angela Otaluka of the Federal Capital Territory (FCT) High Court sitting at Apo, Abuja, has sentenced former House of Representatives member, Farouk Lawan, to 19-year imprisonment for receiving $500,000 bribe from the Chairman/Chief Executive Officer (CEO) of Zenon Petroleum and Gas Limited, Femi Otedola. The presiding judge found the Kano native, who was Chairman […]

IMF Projects 2.5% Growth For Nigeria

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The International Monetary Fund (IMF) has projected growth of 2.5 per cent for Nigeria this year indicating an increase from the one per cent it had predicted for the country in January. The IMF in its latest World Economic Outlook titled: “Managing Divergent Recoveries,” also projected a 2.3 per cent economic growth for the country […]

Obaseki bags Fiscal Policy and Transparency Star of the Year award

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BENIN CITY – The Edo State Governor, Mr. Godwin Obaseki, has received the Fiscal Policy and Transparency Star of the Year award, following his administration’s reforms in management of scarce state resources and implementation of policy actions to promote transparency and accountability in governance. The award was received by the representative of the governor and […]

Nigerian govt not fiscally transparent, says U.S.

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The U.S. has classified the Nigerian government among those that are not fiscally transparent. The classification, contained in a report released Thursday by the U.S Department Of State, means Nigeria’s budgeting process, including its contracting and licensing processes in the extractive industry, did not meet the standards required of the American government. The report, called […]

Fiscal Transparency: 24 states get N43.4bn World Bank performance grants

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The federal government says it has disbursed N43.42 billion (about $120.6 million) to 24 eligible states based on their achievements under the performance-based grant component of the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme in 2018. The 24 benefiting states who met the eligibility criteria are Abia, Adamawa, Bauchi, Benue, Delta, Edo, […]

FG Launches Financial Transparency Policy Portal

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The Federal Government, in its effort at deepening accountability in the public sector, recently launched the Financial Transparency Policy & Portal in Abuja. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, speaking at the event,  said the launch marked a turning point in the government’s effort at promoting accountability in public financial […]