Page 65 - Procurement Act News Today

• Professionals want assets valued before sale, concession • Not adhering to procurement law is illegal, says Wike • ‘It’s against fiscal responsibility to sell capital assets for recurrent purposes’ Hopes of the Federal Government raising tangible earnings from the sale of some national assets towards financing the N13.5 trillion 2021 budget may be far from reality, going by the value of the assets, already described as liabilities and dead. With a deficit of N6.1 trillion in the 2...

21.01.2021 - Innofactor Plc Inside Information, on January 21, 2021, at 14:45 Finnish time The Tax administration has selected Innofactor in a public procurement competition as the primary provider of IT specialist services in the area of Azure programming. The ...

BY REUBEN ABATI The Niger Delta Development Commission (NDDC) was in the news for all the wrong reasons in the year 2020. The agency that was established 20 years ago to bring development to the nine oil-bearing communities of the Niger Delta became an embarrassment to the Nigerian government. In 2019, President Buhari had ordered a forensic audit of the agency’s accounts, a move that was hailed as long overdue by many Nigerians. This was also said to be consistent with the administration’s...

Effiong Akwa and the NDDC, By Reuben Abati 9 min read Within three weeks of assuming office, Effiong Akwa has engaged with the National Assembly to get approval, finally, for NDDC Budget 2020, which will run till June. But he must remain focused and refuse to be dragged into the politics of the job. His assignment is simple: facilitate the completion of the forensic audit. By now, he should know that all eyes are on him. The Niger Delta Development Commission (NDDC) was in the n...

To print this article, all you need is to be registered or login on Mondaq.com. Summary On 31st December, 2020, President Muhammadu Buhari signed the Finance Bill, 2020 (now Finance Act) into law. The Finance Act, 2020 (the Act), which has a commencement date of 1st January 2021, was signed into law alongside the 2021 Appropriation Bill (now Appropriation Act). The Act introduces significant changes to a number of tax and regulatory laws in Nigeria including the introduc...

• NNPC spends N116m on biro, paper, ink • Over N4.1b, $21b in one month • NASS under attack for oversights failure • Investigate, prosecute ministry officials involved in contract splitting, lawyers urge Lawyers have urged the Federal Government to investigate and prosecute Ministry of Petroleum Resources officials involved in contract splitting as disclosed by the Senate. This, they said, would serve as deterrent to others. The Senate recently uncovered how the ministry, which is heade...

Punch Newspapers Sections Sunday Aborisade, Abuja The Chairman of the Niger Delta Development Commission COVID-19 Palliatives Distribution Committee, Chief Sobomabo Jackrich, has alleged that some underprivileged people in the Niger Delta region rejected the rotten food items distributed to them by the sacked Interim Management Committee of the NDDC because they could be poisonous. He also alleged that the sacked IMC team, led by Prof Kemebradikumo Pondei, stage-managed the distribution of the ...

Views: Visits 23 The Chairman of the Niger Delta Development Commission COVID-19 Palliatives Distribution Committee, Chief Sobomabo Jackrich, has alleged that some underprivileged people in the Niger Delta region rejected the rotten food items distributed to them by the sacked Interim Management Committee of the NDDC because they could be poisonous. He also alleged that the sacked IMC team, led by Prof Kemebradikumo Pondei, stage-managed the distribution of the food and medical items i...

Senator John spared Privileges Committee Jearlean John Photo by Vidya Thurab SENATE President Christine Kangaloo on Tuesday told the Senate she was satisfied with Opposition Senator Jearlean Johns personal explanation for her remarks in a Newsday story on December 9 headlined: Jearlean John upset at Independents vote on the Procurement Bill. Kangaloo said it was not necessary for John to go before the Privileges Committee. Last Thursday, Independent Senator Paul Richards brought a contempt moti...