Effective Efficient Management News Today

THE House of Representatives Ad Hoc Committee on Assessment and Status of All Recovered Loot Movable and Immovable Assets from 2002 to 2020

The Assets Management Corporation of Nigeria (AMCON), has received a total sum of N1, 667,582,605.04 recovered by the Economic and Financial Crimes Commission (EFCC) between 2017 and July 5, 2021. According to AMCON, the funds are recovered loan repayments, which were credited to its account domiciled with the Central Bank of Nigeria for settlement of…

Punch Newspapers Sections Leke Baiyewu and Okechukwu Nnodim Published 25 June 2021 Published 25 June 2021 The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, on Thursday, grilled the Acting Managing Director, Polaris Bank Limited, Innocent Ike, over an account belonging to the Nigerian National Petroleum...

By Adedayo Akinwale The House of Representatives has expressed displeasure with the Economic and Financial Crimes Commission (EFCC) over the delay in disposing of the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. The Chairman of the Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, Hon. Adej...

  He said though a forfeiture order for assets recovered from the former Petroleum Minister was acquired in 2019, they were yet to be auctioned. Chairman of the Committee, Adeogun had said that the assets could  depreciate in value if kept for so long at time. “Given the financial situation of Nigeria, shouldn’t we just auction these things fast and put the money to use. Why does it take so long to turn these assets into cash to fund the budget?” Adeogun queried. But responding, Bawa sa...

House of Representatives yesterday queried the Accountant General of the Federation (AGF), Ahmed Idris for making an illegal withdr

Punch Newspapers Sections Leke Baiyewu and Matthew Ochei Published 26 May 2021 Published 26 May 2021 THE Accountant-General of the Federation, Mr. Ahmed Idris, on Tuesday, said the £4.2m looted by a former governor of Delta State, James Ibori, which the Federal Government recently repatriated from the United Kingdom, had been returned to the state. Idris made this known in Abuja on Tuesday when he appeared before the House of Representatives Ad hoc Committee on Assessment and Status of All Re...

The Accountant General of the Federation (AGF), Ahmed Idris, yesterday, said the £4.2 million looted by former Governor James Ibori and recently repatriated...

Attorney-General of di Federation, Abubakar Malami on March 9 bin tok say dem go use di loot construct di second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road.

Reps has again summoned the Malami (SAN) for allegedly halting the repatriation of $60 billion loot from Texas, United States of America.