By Aluta News April 26, 2022 The 36 State Governors have prayed a Federal High Court in Abuja to restrain the Federal Government from approving the deduction of any money accruing to the states from the Federation Account for the payment of 418 million dollars judgment debt. The Attorneys-General ofContinue Reading
By Aluta News Mar. 18, 2022 The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow additional N6.39 trillion to finance the 2022 budget deficit. This is according to a DMO document obtained by the News Agency of NigeriaContinue Reading
By Aluta News Dec. 14, 2021 The Debt Management Office (DMO) has stressed the need for the Federal Government to increase revenue drive to reduce the country’s debt profile and reduce fresh borrowing. The Director General, DMO, Ms Patience Oniha, said this during a virtual interactive session tagged: “Nigeria movingContinue Reading
By Aluta News Dec. 10, 2021 A Federal High Court, Abuja, has threatened to grant an Asset Management Corporation of Nigeria (AMCON) suit, seeking an order to freeze the Adamawa State Government’s salary accounts over inability to pay back N84 million loan six years after borrowing. Justice Inyang Ekwo, inContinue Reading
By Aluta News Dec. 03, 2021 Sen. Uba Sani, Chairman, Senate Committee on Banking, Insurance and other Financial Institutions has decried that prominent Nigerians were “frustrating” the effort of the Asset Management Corporation of Nigeria (AMCON) at recovering the N4.4 trillion owed the corporation. He stated this at a stakeholdersContinue Reading
By Aluta News Oct 12, 2021 Low-income countries’ debt rose by 12 per cent to 860 billion dollars in 2020, the International Debt Statistics (IDS) 2022 report of the World Bank says. The report was released on Monday at the World Bank/International Monetary Fund (IMF) Annual Meetings in Washington. TheContinue Reading
By Aluta News July 27, 2021 Eko Electricity Distribution Company (EKEDC) has urged the National Assembly to intervene in the repayment of the N21 billion outstanding debt owed the DisCo by Ministries, Departments and Agencies (MDAs). The Managing Director, EKEDC, Mr Adeoye Fadeyibi, made the appeal during a visit ofContinue Reading
By Aluta News July 15, 2021 The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, has cautioned members of the public not to drag the commission into business transactions gone awry. Bawa gave the advice while speaking as one of the panelists at the Alao Aka-Continue Reading
