The Minister of Finance, Kemi Adeosun, has reacted to a PREMIUM TIMES report detailing how her ministry illegally approved N10 billion for the National Assembly. The report, published on Friday, indicated that Mrs Adeosun released the billions to the lawmakers despite the N125billion...
Again, our attention has been drawn to a publication by Premium Times which unethically alleges without any proof, reference, attribution or justification that the Senate President, Dr. Abubakar Bukola Saraki, was involved in receiving or sharing any unauthorized funds.
The article, entitled...
The Senate on Tuesday summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele; the Minister of Finance, Kemi Adeosun; and the Minister of Defence, Mansur Dan-Ali to give reasons for withdrawing $462 million from the Federation Account without the approval of the Senate.
The...
Minister of Finance, Mrs. Kemi Adeosun has been accused of meddling with the functions of the Securities & Exchange Commission (SEC), causing “severe damage to the capital market.”
The National President, Trusted Shareholders Association of Nigeria (TSAN), Mukhtar, along with the National...
Some Oando Plc shareholders on Sunday demanded the immediate sack of the Minister of Finance, Kemi Adeosun, accusing her of “unwholesome interference in the smooth operation of the capital market.”
The aggrieved investors also accused Mrs Adeosun of meddling with the functions of the...
The Minister of Finance, Mrs Kemi Adeosun, has denied controversy surrounding the repatriated funds looted by the late former military Head of State, General Sanni Abacha.
Mrs Adeosun said this in a statement by her Special Adviser on Media and Communications, Oluyinka Akintunde, on Tuesday in...
The Federal Government on Tuesday confirmed the repatriation of the sum of $322.5m to Nigeria by the Swiss Government as part of funds looted by the late former military Head of State, Gen. Sanni Abacha.
The Minister of Finance, Mrs. Kemi Adeosun, confirmed the release of the fund in a...
The Senate on Wednesday told the President Muhammadu Buhari-led government to allow the 2017 Budget run till May 31 instead of March 31. The resolution followed the adoption of a Point-of-Order raised by Sen. Atai Aidoko.
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Workers at the three tiers of Government are to receive their salaries for this month before the Easter break as the Federal, State and Local Governments shared the sum of N647.39 billion from the Federation Account.
The money was the revenue collection for the month of February 2018 which was...
The Federation Accounts Allocation Committee has suspended the revenue crisis that made it impossible to share the statutory allocation on Tuesday to pave way for the disbursement of funds to the three tiers of government.
The meeting had ended in a deadlock on Tuesday following disagreement...
The Minister of Finance, Kemi Adeosun, has defended the country’s current N21.7 trillion debt profile, saying the federal government was borrowing to build key national assets for economic growth. Mrs. Adeosun said in Abuja the Muhammadu Buhari administration was not worried with the high debt …...
President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, June 4, 2018 the Minister of Finance, Mrs. Kemi Adeosun, has said. In a statement in Abuja on Sunday, Adeosun said the President also granted a grace period...
The Minister of Finance, Mrs. Kemi Adeosun says no more payment of fuel subsidy to marketers as the Nigeria National Petroleum Corporation (NNPC) bears the loss of fuel importation “on behalf of all Nigerians’’. Adeosun said this while fielding questions from State House correspondents after the...
Finance Minister, Kemi Adeosun said on Wednesday that the Nigeria National Petroleum Corporation (NNPC) is presently under recovering costs being the sole importers of the petroleum products which it also sells below cost price. Adeosun explained that the Corporation loses a huge amount of money...
The Federal Executive Council (FEC) on Wednesday approved N2.338 billion for purchase of operational vehicles for anti-smuggling task force and staff accommodation. This was disclosed by the Minister of Finance, Kemi Adeosun, at the end of FEC meeting chaired by President Muhammadu Buhari at the...
The former Director General (DG) of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on Tuesday during the House of Representatives Investigative Hearing on his suspension faulted the public service rule quoted by the Minister of Finance in his letter of suspension. Reading from the...
THE Federal Government has accused oil companies of not paying stipulated gas flaring penalties, amounting to loss of revenue in billions of dollars into government coffers. Minister of Finance, Kemi Adeosun, said the companies are taking advantage of the wording in the legal framework which …...
The Minister of finance, Kemi Adeosun, and the suspended Director General of Securities and Exchange Commission, SEC, Munir Gwarzo have disagreed over the legality of the controversial suspension of the latter.
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THE Minister of Finance, Kemi Adeosun on Tuesday said the suspended Director of Securities and Exchange Commission, SEC, Munir Gwarzo remains suspended until further notice. Adeosun and Gwarzo Adeosun made this declaration at the on-going public hearing’ On The …
via Vanguard News –...
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