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The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary.
US Senators Ask SoFi About Its Banking Law Compliance = “Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the...
The Attorney-General of the Federation, Abubakar Malami has made moves to exonerate himself from the illegal payment of millions of dollars to some consultants without the consent of President Muhammadu Buhari. The payment was part of the $418 million in Paris Club refund-related judgment debts. President Buhari on August 03, 2022, during a Federal Executive Council meeting, directed the Minister of Finance, Zainab Ahmed, to suspend plans to begin the deduction of the $418 million allegedly owed to the contractors from the federation accounts.
The House of Representatives approved the release of N308.4 billion Promissory Notes for the payment of outstanding claims of 94 beneficiarie
Nigeria Governors Forum has said it will explore all legal channels to ensure that resources belonging to states are not illegally paid to a few under the guise of payment for consultancy services. The forum comprising the 36 governors in the country said they would stand on their position regarding the $418 million Paris Club Refund and the promissory notes issued to consultants by the Ministry of Finance and the Debt Management Office (DMO). They insist that the money will not be paid to the consultants claiming the funds for the services they purportedly carried out.