Contractors under the All Indigenous Contractors Association of Nigeria (AICAN) on Monday gathered at the Federal Ministry of Finance in Abuja, seeking clarification over reports that the Federal Government had released N700 billion to contractors, including their members. The association said the amount in question forms part of outstanding payments from an estimated N1 trillion…
The Accountant-General of the Federation (AGF), Dr Shamsudeen Ogunjimi has called for the deployment of technology to proactively monitor financial management in real-time to ensure transparency and institutional discipline. Ogunjimi made the call on Tuesday in Abuja at the ongoing 2025 National Conference on Public Accounts and Fiscal Governance, organised by the Senate and House…
Umar Isa, former Chief Finance Officer (CFO), Nigeria National Petroleum Company Limited (NNPCL), has denied the claim of his Monday arrest by the EFCC over alleged fraud. The former NNPCL CFO in a statement on Wednesday described his purported arrest over alleged 7.2 billion dollars fraud by the Economic and Financial Crimes Commission (EFCC) as…
The Lagos State Ministry of Commerce, Cooperatives, Trade and Investment is set to sign a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) and Sterling Bank Plc to improve financial access for Small and Medium Enterprises (SMEs). The Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, said this in a statement…
