funds – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 24 Feb 2026 15:22:53 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png funds – InfoStride News https://www.theinfostride.com 32 32 NNPCL Secures ₦318bn for Fresh Oil Exploration Drive https://www.theinfostride.com/nnpcl-secures-%e2%82%a6318bn-for-fresh-oil-exploration-drive/ https://www.theinfostride.com/nnpcl-secures-%e2%82%a6318bn-for-fresh-oil-exploration-drive/#respond Wed, 25 Feb 2026 16:13:10 +0000 https://www.theinfostride.com/?p=467213 The Nigerian National Petroleum Company Limited (NNPCL) has secured ₦318 billion in funding to boost new oil exploration projects across the country, a development that marks a significant step in the government’s drive to expand Nigeria’s hydrocarbon reserves and strengthen its energy security. The announcement has sparked discussions in both policy and industry circles, as [...]

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]]> https://www.theinfostride.com/nnpcl-secures-%e2%82%a6318bn-for-fresh-oil-exploration-drive/feed/ 0 Senate urges Federal Government to halt use of public funds for DisCos’ benefit https://www.theinfostride.com/senate-urges-federal-government-to-halt-use-of-public-funds-for-discos-benefit/ https://www.theinfostride.com/senate-urges-federal-government-to-halt-use-of-public-funds-for-discos-benefit/#respond Fri, 11 Jul 2025 21:17:59 +0000 https://www.theinfostride.com/?p=461704 The Senate has called on the Federal Government to stop the use of public funds to enrich electricity Distribution Companies (DisCos), warning that the current practice of funding power infrastructure for communities—only to have such assets taken over by private firms—is unjust and unsustainable. During plenary on Thursday, Senator Yunus Abiodun Akintunde, who represents Oyo [...]

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]]> https://www.theinfostride.com/senate-urges-federal-government-to-halt-use-of-public-funds-for-discos-benefit/feed/ 0 High interest rate on CBN’s T-Bills drying up funds from the private sector- LCCI https://www.theinfostride.com/high-interest-rate-on-cbns-t-bills-drying-up-funds-from-the-private-sector-lcci/ https://www.theinfostride.com/high-interest-rate-on-cbns-t-bills-drying-up-funds-from-the-private-sector-lcci/#respond Mon, 08 Apr 2024 12:11:28 +0000 https://www.theinfostride.com/?p=375119 The Lagos Chamber of Commerce and Industry (LCCI) has lamented the effect of high interest rate of CBN’s Treasury bill noting that it is drying up funds from the private sector into government’s treasuries. The LCCI Director-General, Dr Chinyere Almona, said this in a statement on Friday where she urged the apex bank to reconsider [...]

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]]> https://www.theinfostride.com/high-interest-rate-on-cbns-t-bills-drying-up-funds-from-the-private-sector-lcci/feed/ 0 Reducing Government Spending Not Feasible, Says Akabueze https://www.theinfostride.com/reducing-government-spending-not-feasible-says-akabueze/ https://www.theinfostride.com/reducing-government-spending-not-feasible-says-akabueze/#respond Fri, 26 Jan 2024 21:22:57 +0000 https://www.theinfostride.com/?p=368766 The Director-General of the Budget Office of the Federation, Ben Akabueze, has stated that reducing government spending is not a feasible option at this time. This pronouncement underscores the complexities and considerations involved in managing public finances, especially in the context of economic challenges and the need for sustained government interventions. Government spending plays a [...]

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]]> https://www.theinfostride.com/reducing-government-spending-not-feasible-says-akabueze/feed/ 0 Funding Hurdles Impede Federal Government’s Gas Transition Initiatives https://www.theinfostride.com/funding-hurdles-impede-federal-governments-gas-transition-initiatives/ https://www.theinfostride.com/funding-hurdles-impede-federal-governments-gas-transition-initiatives/#respond Tue, 16 Jan 2024 11:36:54 +0000 https://www.theinfostride.com/?p=367487 The Federal Government’s plans for transitioning to gas face setbacks due to challenges in securing adequate funding. This hurdle underscores the financial complexities associated with implementing strategic shifts in energy policies and the need for sustainable funding mechanisms. The acknowledgment of funding challenges impacting the government’s gas transition plans sheds light on the intricacies of [...]

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]]> https://www.theinfostride.com/funding-hurdles-impede-federal-governments-gas-transition-initiatives/feed/ 0 CBN’s Intervention Funds to private sector rises to N4.5 trillion as of September 2022 https://www.theinfostride.com/cbns-intervention-funds-to-private-sector-rises-to-n4-5-trillion-as-of-september-2022/ https://www.theinfostride.com/cbns-intervention-funds-to-private-sector-rises-to-n4-5-trillion-as-of-september-2022/#respond Thu, 29 Sep 2022 00:19:16 +0000 https://www.theinfostride.com/?p=333278 The Central Bank of Nigeria has disbursed a cumulative total of N4.5 trillion in intervention funds to the private sector of the Nigerian Economy as of September 2022. The data was compiled from official statements contained in the monetary policy communique of the apex bank as tracked by Nairametrics. This was the latest update the CBN provided in the [...]

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]]> https://www.theinfostride.com/cbns-intervention-funds-to-private-sector-rises-to-n4-5-trillion-as-of-september-2022/feed/ 0 EFCC approves returning N19.33 billion Kogi State salary bailout funds https://www.theinfostride.com/efcc-approves-returning-n19-33-billion-kogi-state-salary-bailout-funds/ https://www.theinfostride.com/efcc-approves-returning-n19-33-billion-kogi-state-salary-bailout-funds/#respond Sat, 20 Nov 2021 20:08:26 +0000 https://www.theinfostride.com/?p=313180 The Economic and Financial Crimes Commission (EFCC) has approved the return of N19.33 billion Kogi State bailout funds to the Central Bank of Nigeria (CBN). In a statement by the Commission’s spokesperson, Mr Wilson Uwajaren, he mentioned the refund aborts dissipation of the funds and puts an end to further controversies relating to the source [...]

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]]> https://www.theinfostride.com/efcc-approves-returning-n19-33-billion-kogi-state-salary-bailout-funds/feed/ 0 Years of under-funding, fiscal environment backfires at PIA prospects https://www.theinfostride.com/years-of-under-funding-fiscal-environment-backfires-at-pia-prospects/ https://www.theinfostride.com/years-of-under-funding-fiscal-environment-backfires-at-pia-prospects/#respond Tue, 16 Nov 2021 18:28:02 +0000 https://www.theinfostride.com/?p=312861 As the Petroleum Industry Act (PIA) goes through gradual implementation, stakeholders in the oil and gas sector have established that the fiscal environment and decades of poor investment in the sector might undermine the prospects of the industry under the new fiscal regime. Speaking at this year’s pre-conference workshop organised by the Nigerian Association of [...]

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]]> https://www.theinfostride.com/years-of-under-funding-fiscal-environment-backfires-at-pia-prospects/feed/ 0 Borrowing helped Nigeria to exit from recession – Finance minister https://www.theinfostride.com/borrowing-helped-nigeria-to-exit-from-recession-finance-minister/ https://www.theinfostride.com/borrowing-helped-nigeria-to-exit-from-recession-finance-minister/#respond Fri, 08 Oct 2021 21:38:00 +0000 https://www.theinfostride.com/?p=309889 The Minister of Finance, Budget and National Planning, Zainab Ahmed, in her defence of Nigeria’s mounting debt has insisted that the Federal Government’s borrowings helped the country alot in the country’s quick recovery from recession. This is as the government explained that it had to spend its way out of recession mostly in the form [...]

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]]> https://www.theinfostride.com/borrowing-helped-nigeria-to-exit-from-recession-finance-minister/feed/ 0 FG moves to recover £200 million stolen Nigerian funds from the US https://www.theinfostride.com/fg-moves-to-recover-200-million-stolen-nigerian-funds-from-the-us/ https://www.theinfostride.com/fg-moves-to-recover-200-million-stolen-nigerian-funds-from-the-us/#respond Wed, 22 Sep 2021 18:52:36 +0000 https://www.theinfostride.com/?p=308585 The Federal Government has announced that it is moving towards the recovery of £200 million of Nigeria’s assets stashed in the United States, as it embarks on a massive recovery of assets owned to the country. The movement is part of the federal government’s plan instituted at recovering public funds stashed in various foreign bank [...]

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]]> https://www.theinfostride.com/fg-moves-to-recover-200-million-stolen-nigerian-funds-from-the-us/feed/ 0 Nospetco investors get Supreme Court’s verdict to retrieve N22.45 billion funds https://www.theinfostride.com/nospetco-investors-get-supreme-courts-verdict-to-retrieve-n22-45-billion-funds/ https://www.theinfostride.com/nospetco-investors-get-supreme-courts-verdict-to-retrieve-n22-45-billion-funds/#respond Tue, 15 Jun 2021 23:40:21 +0000 https://www.theinfostride.com/?p=297390 The Supreme Court of Nigeria has ruled that Investors in Nospetco Oil & Gas Ltd (Wonder Bank) whose N22.45 billion funds are being trapped in the Central Bank of Nigeria, for over 14 years, can go to the appropriate court for recovery of their money. With the ruling, the apex court affirmed the decision of [...]

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]]> https://www.theinfostride.com/nospetco-investors-get-supreme-courts-verdict-to-retrieve-n22-45-billion-funds/feed/ 0 My Foreign Trips Happened Because I Wanted To Source Funds – Fayemi https://www.theinfostride.com/my-foreign-trips-happened-because-i-wanted-to-source-funds-fayemi/ Sat, 12 Oct 2019 12:17:41 +0000 https://www.theinfostride.com/?p=238439 Ekiti State Governor, Dr Kayode Fayemi, has come out to say that his regular trips out of Nigeria were to make sure the people of the state live a better life, especially with the little funds he has at his disposal. Dr Kayode, who revealed that had good stories to tell from the trips, said, [...]

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]]> We Thank Rotimi Akeredolu For Not Tampering With LG Funds – NULGE https://www.theinfostride.com/we-thank-rotimi-akeredolu-for-not-tampering-with-lg-funds-nulge/ Sat, 28 Sep 2019 15:01:32 +0000 https://www.theinfostride.com/?p=237918 The National Union of Local Government Employees (NULGE) in Ondo State has praised Gov. Oluwarotimi Akeredolu for not diverting the money meant for local government councils in the state. NULGE President in Ondo, Mr Bola Taiwo said this during the inauguration and thanksgiving ceremony of the newly-elected executive council of the union held on Friday [...]

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]]> Rabiu Kwankwaso Diverted Funds To Run For Presidency – Buhari https://www.theinfostride.com/rabiu-kwankwaso-diverted-funds-to-run-for-presidency-buhari/ Fri, 16 Nov 2018 00:02:57 +0000 https://www.theinfostride.com/?p=221111 Muhammadu Buhari has accused former Kano State governor, Rabiu Kwankwaso, of diverting funds meant for projects in the state to run for the presidency. Until he defected to the People’s Democratic Party (PDP) in August 2018, Kwankwaso was a member of President Buhari’s All Progressives Congress (APC) and was one of his most influential supporters [...]

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]]> Osun State Has No Funds For Gboyega Oyetola – Tinubu https://www.theinfostride.com/osun-state-has-no-funds-for-gboyega-oyetola-tinubu/ Mon, 10 Sep 2018 13:37:51 +0000 https://www.theinfostride.com/?p=215642 Asiwaju Bola Ahmed Tinubu has said Osun state has no funds for Gboyega Oyetola, the All Progressive Congress, APC, governorship candidate, to steal if elected. The APC National leader said this during the campaign of Gboyega Oyetola ahead of the Osun state governorship election. Speaking in Yoruba language, Tinubu said the APC candidate and ex-Chief [...]

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]]> Buhari’s Administration Is Deceiving Nigerians To Siphon Funds – PDP https://www.theinfostride.com/buharis-administration-is-deceiving-nigerians-to-siphon-funds-pdp/ Fri, 06 Apr 2018 07:39:07 +0000 https://www.theinfostride.com/?p=204376 The Peoples Democratic Party (PDP) has accused the President Muhammadu Buhari administration of using the fight against Boko Haram to siphoning funds for the 2019 general elections. The party urged Nigerians to reject and resist the renewed attempt by the Presidency to “help itself with the huge sums of money”, adding that the $1 billion [...]

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]]> APC Should Refund Looted Funds – Kola Ologbondiyan https://www.theinfostride.com/apc-should-refund-looted-funds-kola-ologbondiyan/ Mon, 02 Apr 2018 21:54:07 +0000 https://www.theinfostride.com/?p=204155 The Peoples Democratic Party (PDP) has fired back at the minister of information, Lai Mohammed for calling on the party to return the money which was looted when they were in power. Kola Ologbondiyan said “It is, to say the least, despicable that the APC and its Federal Government, in their arrogance, would always try [...]

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]]> APC Does Not Have Funds To Meet Its Basic Needs – Denisi Momoh https://www.theinfostride.com/apc-does-not-have-funds-to-meet-its-basic-needs-denisi-momoh/ Thu, 02 Nov 2017 16:25:42 +0000 http://www.theinfostride.com/?p=187439 The All Progressives Congress (APC) Youths Solidarity Forum has said the ruling party is broke. In a letter addressed to President Muhammadu Buhari, the group described as embarrassing the inability of the APC to meet its paramount needs. “The state of affairs of the party, particularly its poor finances have been a regular item in [...]

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]]> Juliet Ibrahim Seeks Funds For Flood Victims In Benue State https://www.theinfostride.com/juliet-ibrahim-seeks-funds-for-flood-victims-in-benue-state/ Fri, 08 Sep 2017 19:16:24 +0000 http://www.theinfostride.com/?p=181416 Juliet Ibrahim is currently raising funds for victims of the flood in Benue. The Ghanaian movie star is doing that through her “Juliet Ibrahim Foundation”. In her own way, she has created the hash tag #MakurdiFloodReliefChallenge which is a way to inspire a lot of people to help donate both money and relief materials. Among [...]

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]]> Chelsea, Arsenal To Raise Funds For London Victims https://www.theinfostride.com/chelsea-arsenal-to-raise-funds-for-london-victims/ Fri, 23 Jun 2017 20:51:54 +0000 http://www.theinfostride.com/?p=169404 Proceeds from a clash between London soccer giants Arsenal and Chelsea will go to support people caught up in the Grenfell Tower fire, the Football Association said on Friday. Officials said they were hoping to raise “in the region of 1.25 million pounds ($1.59 million)” when FA Cup winners Arsenal take on Premier League champions [...]

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]]> We Need Funds For Diaspora Voting – INEC https://www.theinfostride.com/we-need-funds-for-diaspora-voting-inec/ Fri, 23 Jun 2017 09:17:32 +0000 http://www.theinfostride.com/?p=169253 The Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has urged the National Assembly to quicken the amendment of the 1999 Constitution and the Electoral Act. Yakubu made the call in Ibadan on Wednesday, at an International Conference organised by the Institute of African Studies, University of Ibadan. The theme of the conference is [...]

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]]> Looters Are Burying Stolen Funds In Forests – Lai Mohammed https://www.theinfostride.com/looters-are-burying-stolen-funds-in-forests-lai-mohammed/ Sun, 16 Apr 2017 18:45:58 +0000 http://www.theinfostride.com/?p=162181 The Federal Government says its anti corruption agencies have been inundated with information of how looters have resorted to burying stolen funds in their backyards, deep forests and burial grounds. The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this in a statement issued on Sunday in Lagos, said the whistle blower policy [...]

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]]> John Oyegun Mismanaged APC Funds – APC https://www.theinfostride.com/john-oyegun-mismanaged-apc-funds-apc/ Tue, 11 Apr 2017 23:49:50 +0000 http://www.theinfostride.com/?p=161719 Comrade Timi Frank says if given the opportunity, he can manage the APC better than the party’s current national chairman, John Odigie-Oyegun. In a statement made available to Pulse on Tuesday, April 11, 2017, Frank described as shameful postponement of APC’s mini national convention under Oyegun’s watch. “I have said it in the past that [...]

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]]> Gabriel Suswam Diverted N9.8bn SURE-P, Police Funds – FG https://www.theinfostride.com/gabriel-suswam-diverted-n9-8bn-sure-p-police-funds-fg/ Tue, 28 Mar 2017 08:30:24 +0000 http://www.theinfostride.com/?p=160251 Ex-Governor of Benue State, Gabriel Suswam and two members of his cabinet have been accused of diverting the sum of N9.79billion, part of which was meant for police reform programme and Subsidy Reinvestment and Empowerment Programme. In a report by Punch Newspaper, Suswan, Omadachi Oklobia; a former Commissioner for Benue State and Accountant, Benue State [...]

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]]> EFCC Exposes Beneficiaries Of Diezani Allison-Madueke’s Alleged Looted Funds https://www.theinfostride.com/efcc-exposes-beneficiaries-of-diezani-allison-maduekes-alleged-looted-funds/ Wed, 15 Mar 2017 04:01:04 +0000 http://www.theinfostride.com/?p=159100 A Federal High Court in Lagos has fixed March 23 to rule on the admissibility of a list of beneficiaries of funds in the ongoing trial of a Senior Advocate of Nigeria, Dele Belgore charged with money laundering. Belgore is charged alongside a former Minister of National Planning, Prof. Abubakar Sulaiman and a former Minister [...]

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]]> FG Recovers Another $151m, N8b Stolen Funds https://www.theinfostride.com/fg-recovers-another-151m-n8b-stolen-funds/ Sun, 12 Feb 2017 15:09:24 +0000 http://www.theinfostride.com/?p=156309 The Federal Government said it recovered another $151million and N8 billion looted funds from three sources through whistke-blowers. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this in a statement issued on Sunday in Lagos. Mohammed sad actionable information given by whistle-blowers to the office of the Minister of Justice and Attorney-General of [...]

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]]> FG Should Recover Looted Funds – Femi Falana https://www.theinfostride.com/fg-should-recover-looted-funds-femi-falana/ Thu, 08 Dec 2016 20:54:20 +0000 http://www.theinfostride.com/?p=150610 Human rights lawyer, Femi Falana has called on the Federal Government not to go ahead with their plan to get a $30b. Falana also told the Buhari led administration to focus their attention on recovering Nigeria’s looted funds abroad. The human rights lawyer said the media should join in the campaign to compel the Federal [...]

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]]> Those Diverting Funds For IDPs Must Be Punished – Shehu Sani https://www.theinfostride.com/those-diverting-funds-for-idps-must-be-punished-shehu-sani/ Sun, 27 Nov 2016 14:48:53 +0000 http://www.theinfostride.com/?p=149395 Sen. Shehu Sani (APC Kaduna Central) on Sunday, said individuals found to have diverted government money meant for Internally Displaced Persons (IDPs) must be sanctioned. The Chairman, Senate ad hoc Committee on Humanitarian Crisis in the North East, stated this in an interview with the News Agency of Nigeria (NAN) shortly after a visit to [...]

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]]> I’m Not Scared Of Bailout Funds Probe – Samuel Ortom https://www.theinfostride.com/im-not-scared-of-bailout-funds-probe-samuel-ortom/ Wed, 16 Nov 2016 08:37:59 +0000 http://www.theinfostride.com/?p=148327 The Governor of Benue state, Samuel Ortom, has said that he is not afraid to answer questions about how he spent the N28b bailout funds that was given to him by the Federal Government. This is coming on the heels of reports that the Senate has commenced a probe on how the Osun state Governor, [...]

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]]> Governors Steal Local Govt Funds – Obasanjo https://www.theinfostride.com/governors-steal-local-govt-funds-obasanjo/ Wed, 12 Oct 2016 14:40:35 +0000 http://www.theinfostride.com/?p=145456 Former President Olusegun Obasanjo on Tuesday, October 11, said that governors are Nigeria’s “greatest obstacles” to the development of Local Government in the country. He stated this during an interactive session after delivering his keynote address at the maiden International Conference on Politics, Security and Development held at the Babcock University, Ilisan-Remo, Ogun State. Obasanjo [...]

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]]> Patience Jonathan To Sue EFCC Over Seized Funds https://www.theinfostride.com/patience-jonathan-to-sue-efcc-over-seized-funds/ Thu, 15 Sep 2016 14:15:29 +0000 http://www.theinfostride.com/?p=144069 Former first lady, Patience Jonathan is set to sue the Economic and Financial Crimes Commission (EFCC) for freezing accounts which she claims contain her personal funds. The EFCC placed a restriction on the accounts as part of investigations into the affairs of former Special Adviser to ex-President Goodluck Jonathan on Domestic Affairs, Waripamowei Dudafa. However, [...]

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]]> Aliko Dangote Partner FG To Raise Funds For IDPs https://www.theinfostride.com/aliko-dangote-partner-fg-to-raise-funds-for-idps/ Tue, 30 Aug 2016 18:43:57 +0000 http://www.theinfostride.com/?p=142053 Irish-born Rock star, Paul David, also known as Bono, and Aliko Dangote and the Federal Government are forging a partnership to raise funds for the Internally Displaced Persons(IDPs) in the North -East of Nigeria. After a meeting among the partners at the office of the Vice President, Bono told State House correspondents that the partnership [...]

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]]> Rita Dominic Raise Funds For Leo Mezie https://www.theinfostride.com/rita-dominic-raise-funds-for-leo-mezie/ Mon, 08 Aug 2016 11:20:11 +0000 http://www.theinfostride.com/?p=139142 Actress Rita Dominic has joined the campaign to raise funds for Leo Mezie, who is reportedly down with kidney failure. According to several reports, the “Labista” actor who has been on weekly dialysis for a while now, is in need of 10 million Naira financial assistance for an immediate kidney transplant abroad. Dominic and several [...]

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]]> I Was Offered N405m To Help Launder Funds – Femi Falana https://www.theinfostride.com/i-was-offered-n405m-to-help-launder-funds-femi-falana/ Sun, 31 Jul 2016 00:36:59 +0000 http://www.theinfostride.com/?p=138203 Lagos lawyer and human rights activist, Femi Falana has revealed that an ex-Governor offered him £1 million (N405m) to help transfer funds abroad, but he turned the offer down. The Lagos lawyer, who asked lawyers not to compromise their integrity, said legal luminaries need to spearhead the fight against economic crimes. Falana said “The governor [...]

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]]> Kwara State Release Additional Funds For LG Workers’ Salaries https://www.theinfostride.com/kwara-state-release-additional-funds-for-lg-workers-salaries/ Sat, 30 Jul 2016 03:00:08 +0000 http://www.theinfostride.com/?p=138064 Gov. Abdulfatah Ahmed of Kwara has released N162.9m to augment the July salary of local government workers in the state. Alhaji Ademola Banu, Commissioner for Finance, confirmed this in a statement on Friday in Ilorin. Banu said that the release of the fund showed that the governor had kept to his pledge to help local [...]

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]]> Olusegun Mimiko Accused Of Misappropriating N400bn State Funds https://www.theinfostride.com/olusegun-mimiko-accused-of-misappropriating-n400bn-state-funds/ Thu, 21 Jul 2016 21:43:51 +0000 http://www.theinfostride.com/?p=137020 A Chieftain of the All Progressives Congress (APC), Chief Jamiu Ekungba, has accused Ondo State Governor, Dr. Olusegun Mimiko of misappropriating about N400 billion federal allocations. He said in the last seven and a half years, there is nothing to show for the allocations accrued to the state. Ekungba stated this in a statement issued [...]

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]]> PMB Should Investigate APC Campaign Funds – PDP https://www.theinfostride.com/pmb-should-investigate-apc-campaign-funds-pdp/ Thu, 19 May 2016 01:41:21 +0000 http://www.theinfostride.com/?p=129168 The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to investigate the source of funds used for the All Progressives Congress’ (APC) campaign in 2015. The PDP also accused the Buhari administration of witch-hunting its members in the guise of fighting a war against corruption. The comments were contained in a six-point resolution reached [...]

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]]> Nigeria Will Recover $350m Stolen Funds – US https://www.theinfostride.com/nigeria-will-recover-350m-stolen-funds-us/ Sun, 15 May 2016 21:27:37 +0000 http://www.theinfostride.com/?p=128747 The United States government has promised to return a sum of $350m from stolen funds kept in the country to the Nigerian government. In a report by Punch Newspaper, the US Secretary of State, John Kerry, made this known to the public during the Anti-corruption Summit Plenary at Lancaster House London, United Kingdom. In his [...]

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]]> We Support PMB’s Demand For Return Of Stolen Funds – APC UK https://www.theinfostride.com/we-support-pmbs-demand-for-return-of-stolen-funds-apc-uk/ Fri, 13 May 2016 00:43:14 +0000 http://www.theinfostride.com/?p=128458 More reactions have been trailing the comment made by the British Prime Minister, David Cameron, describing Nigeria as one of the most corrupt nations in the world. Transparency International, a group whose focus is on fighting corruption across the globe, faulted the British PM’s comment, and called on Britain to make stricter rules that will [...]

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]]> I Received Funds From Sambo Dasuki – Doyin Okupe https://www.theinfostride.com/i-received-funds-from-sambo-dasuki-doyin-okupe/ Mon, 09 May 2016 19:34:09 +0000 http://www.theinfostride.com/?p=128151 An aide to ex-President Goodluck Jonathan has admitted receiving funds from the office of the former National Security Adviser, Sambo Dasuki. Doyin Okupe, who served as Mr. Jonathan’s Senior Special Assistant on Public Affairs, however denied the funds he received were part of the $2.1 billion arms fund allegedly misappropriated by Mr. Dasuki. Most of [...]

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]]> We’ve Recovered Looted Funds – Garba Shehu https://www.theinfostride.com/weve-recovered-looted-funds-garba-shehu/ Mon, 28 Mar 2016 19:56:08 +0000 http://www.theinfostride.com/?p=124178 Presidential media aide, Garba Shehu has said that the Muhammadu Buhari administration has recovered some funds looted from Nigeria’s coffers. Shehu however added that details of the funds recovered could not be made public yet. “I am aware that there is an account with the Central Bank of Nigeria (CBN) where some of these funds [...]

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]]> We Will Support States’ Agitation For Refund Of Funds – Saraki https://www.theinfostride.com/we-will-support-states-agitation-for-refund-of-funds-saraki/ Mon, 08 Feb 2016 21:45:14 +0000 http://www.theinfostride.com/?p=120151 President of the Senate, Bukola Saraki, on Sunday said the red chamber would support for states’ governments agitation for refund of funds they spent on rehabilitating federal roads. Saraki made the pledge at Nkalagu, Ishiellu Local Government Area of Ebonyi during a thanksgiving held by Sen. Obinna Ogba (PDP-Ebonyi Central). According to him, rehabilitating federal [...]

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]]> Whoever Diverted GEJ’s Funds Will Die – Mr Ibu https://www.theinfostride.com/whoever-diverted-gejs-funds-will-die-mr-ibu/ Sun, 24 Jan 2016 23:35:17 +0000 http://www.theinfostride.com/?p=119051 An embittered Nollywood star, Mr Ibu, has cursed those he perceived to have diverted funds meant for the Actors Guild of Nigeria, AGN from the Federal Government. In a recent interview with Vanguard Newspaper, Mr Ibu said that he had once sent a proposal to build a film village to the Federal Government and is [...]

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]]> Some Governors Are Diverting Bailout Funds – NLC https://www.theinfostride.com/some-governors-are-diverting-bailout-funds-nlc/ Fri, 02 Oct 2015 00:11:09 +0000 http://www.theinfostride.com/?p=101591 The Nigeria Labour Congress (NLC) has accused some governors of diverting the bailout funds from the Federal Government meant to pay workers’ salaries and pensions, into fixed deposit accounts for personal gains. NLC President Ayuba Wabba made the allegation in his message to Nigerians for Nigeria’s 55th Independence anniversary. According to him, such action was unacceptable [...]

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]]> Government Oshiomole’s acclaimed missing $700million Sovereign Wealth Funds intact and with yield – NSIA https://www.theinfostride.com/government-oshiomoles-acclaimed-missing-700million-sovereign-wealth-funds-intact-and-with-yield-nsia/ Mon, 21 Sep 2015 18:04:02 +0000 http://www.theinfostride.com/?p=100243 The Nigeria Sovereign Investment Authority (NSIA) on Sunday assured Nigerians that all funds and assets managed by it remained intact and fully accounted for. This came in reaction to an allegation by the Edo State Governor and Chairman of the National Economic Council (NEC) Ad-hoc Committee on the management of the Excess Crude Account (ECA) [...]

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]]> #Nigeria > Banks Move 1.2 Trillion Naira To CBN In Compliance With Treasury Single Account Directive https://www.theinfostride.com/nigeria-banks-move-n1-2trn-to-cbn-in-compliance-with-tsa-directive/ Wed, 16 Sep 2015 21:30:07 +0000 http://www.theinfostride.com/2015/09/nigeria-banks-move-n1-2trn-to-cbn-in-compliance-with-tsa-directive/ An estimated N1.2 trillion of public sector funds were transferred to the Central Bank of Nigeria (CBN) by Deposit Money Banks in the country in compliance with the Federal Government directive on Treasury Single Account (TSA). President Muhammadu Buhari (PMB) had ordered that all revenues be paid into the “Treasury Single Account” (TSA) from yesterday, [...]

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]]> Don’t Give Anti-Corruption War Ethnic Colouration – Vice President Yemi Osinbajo | #News https://www.theinfostride.com/dont-give-anti-corruption-war-ethnic-colouration-osinbajo-urges-nigerians-news/ Sat, 29 Aug 2015 13:30:46 +0000 http://www.theinfostride.com/2015/08/dont-give-anti-corruption-war-ethnic-colouration-osinbajo-urges-nigerians-news/ Nigeria’s Vice President, Prof. Yemi Osinbajo has said that nobody has the right to pocket public funds and described corruption as inimical to national development. He made this remark at the State House Thursday night when Yoruba traditional rulers in the northern states and Abuja, paid him a courtesy visit at the State House, a [...]

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