By Adedayo Akinwale
The House of Representatives has summoned the Minister of Finance, the Heads of the Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), the Nigerian Export-Import Bank (NEXIM), and the Nigerian National Petroleum Corporation (NNPC) over the continuous loss of government revenue to illicit financial flows (IFFs).
The House issued the summons following the adoption of a motion moved at plenary on Thursday by Hon. Ochiglegor Idagbo.
Moving the motion, Idagbo explained that illicit financial flow (IFF) is the cross-border transfer of capital that was illegally earned, transferred or utilised and often consists of commercial money laundering, tax evasion and proceeds of corruption and criminal activities.
ADVERTISEMENT
The governor of Ogun State, Dapo Abiodun, has said his administration will not reverse the recently signed new minimum wage nor slash workers salaries despite the country’s economic crunch.
Mr Abiodun disclosed this on Wednesday during the breaking of fast (Iftar) with the leaders of the ruling
The governor’s statement comes a day after the Federal Government said it may be forced to slash workers’ salaries and merge agencies following the current economic reality.
The Minister of Finance, Zainab Ahmed, said this at the policy dialogue on corruption and cost of governance in Nigeria organised by the Independent Corrupt Practices and Other Related Offences Commission in Abuja on Tuesday.
Labour rejects plans to slash workers salaries
On
By Victor Ahiuma-Young
Organised Labour yesterday condemned and rejected plans by the federal government to slash workers’ salaries, warning that such careless statement could set the nation’s on fire.
Labour in a statement by the President of Nigeria Labour Congress, NLC, Ayuba Wabba, urged President Muhammadu Buhari to call the Minister of Finance to order before she sets Nigeria on fire with her careless statements.
Reacting to the statement credited to the Finance Minister that the Federal Government was working to reduce the high cost of governance by cutting down on the salaries of Nigerian workers, NLC expressed shock with such utterance.
Vanguard News
ICPC warns against project duplication
On
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has warned against project duplication.
Chairman of the commission, Prof. Bolaji Owasanoye, gave the warning at a Policy Dialogue on Corruption and Cost of Governance in Nigeria, hosted by the ICPC in Abuja, on Tuesday.
Owasanoye said that thousands of projects were repeated annually in the budget, without diligent scrutiny of need, implementation, or otherwise.
He added that some projects were duplicated as annual zonal intervention projects, otherwise called constituency projects of the legislature, while also featuring as projects of the executive.