Posts Tagged ‘Bailout Funds’

Ahead of Kogi Elections Bello gets N30 Billion Bailout

Kogi State Government has received a bailout of N30.8 billion from the Nigerian Government to clear backlogs of unpaid salaries. The State Governor, Yahaya Bello confirmed this on Friday while addressing journalist after the meeting of the National Working Committee (NWC) of the APC. He said: “As regards the issue of news making the round […]

FG to recover N614bn bailout funds given to 35 Nigerian states

The federal government has begun moves to recover the total sum of N614 billion it earlier gave to 35 states on what has been described as budget support. To this end, the government has set up a committee for the purpose of recovering the fund. The setting up of the committee comes about 24 hours […]

N8bn bailout fund: Why we’re probing Okorocha ~ @officialEFCC

The troubles of the outgoing administration of Rochas Okorocha in Imo State are far from over as the Economic and Financial Crimes Commission (EFCC), yesterday, said that it is investigating a case of money laundering against it during the last governorship election in the state. EFCC’s zonal head for South East, Usman Imam during a […]

Refusal To Remit Kogi’s Bailout Funds is Politically Motivated – Wada

Kogi State Governor, Idris Wada has alleged that the failure of Central Bank of Nigeria (CBN) to release the N50.8bn bailout due to the state had political undertone. The governor said despite meeting some curious conditions given to the state by the CBN to be able to access the funds, the apex bank had failed […]