Finance articles

Dogara releases pay slips, earns N346,577 monthly

Dogara releases pay slips, earns N346,577 monthly

Speaker of the House of Representatives, Yakubu Dogara on Tuesday disclosed that he earns N346,577.87 monthly after deductions. He made this known in his three months’ pay slips released in response to the disclosure by Kaduna State Governor, Nasir El-Rufai who also released his monthly pay on Monday. A breakdown of the Speaker’s monthly pay

Again, whistle blower leads EFCC to N4bn

Again, a whistle blower on Tuesday led the Economic and Financial Crimes Commission (EFCC) to a staggering sum of N4 billion suspected to be proceeds of corruption. The commission disclosed this in a Facebook post on Tuesday evening. However, EFCC did not state where and how the latest discovery was made. It said investigations revealed

NEITI calls for investigation of $15.8 billion NLNG dividends

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the Federal Government to institute an independent investigation into the status and utilisation of all dividends and loan repayments by the Nigeria LNG Limited (NLNG) to the Nigerian National Petroleum Corporation (NNPC) from 2000 to 2014. The Executive Secretary of NEITI, Waziri Adio, made the

Why tax revenue shrank to N3.303 trillion in 2016, by FIRS

• Agency unveils new strategies to reverse trend The Federal Inland Revenue Service (FIRS) has explained why its collection for last year fell to N3.303 trillion, below expected income. The agency described the 2016 financial year as full of challenges. The Executive Chairman of FIRS, Mr. Babatunde Fowler spoke in Abuja yesterday at a training

Jonathan’s wife fails to draw from $5.8m deposit

Former First Lady Patience Jonathan was stranded yesterday following a botched attempt to cash part of her $5.8m deposit, which was unfrozen by a court last week. Mrs. Jonathan was blocked from having access to her account by a stay of execution of the court’s order which the Economic and Financial Crimes Commission (EFCC) obtained.

Gov.Elrufai Makes Public His Pay Slip Asks NASS To Do Same

Gov. Elrufai makes public his pay slip, challenges NASS to do same.   “In February 2017, the Kaduna State Government paid the Governor a net salary of N470, 521.74, with the following details:   Basic Salary N185,308.75 Hardship Allowance N370,617.50 Gross Pay N555,926.25 PAYE N85,404.51 Total Deduction N85,401.51 Net Pay N470,521.74   See photos:

Governors kick against $138m consultants’ fees

$6.9b Paris Club loan refund sparks row Questions over local govts’ $2.6b share There is disquiet among governors over a plan to pay some consultants $138 million (about N42.2b at the official N306 to $1) of the $6.9 billion Paris-London Club loan refund. Besides, The Nation learnt at the weekend that: the Presidency is unhappy