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Senate queries NIMC over N229m contract payments

Senate queries NIMC over N229m contract payments
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

Aliyu Aziz , Matthew Urhoghide , Senate Public Account Committee , Commission Tenders Board , National Identity Management Commission , Public Procurement Act , Auditor General , Senator Matthew Urhoghide , Ministerial Tender , Open Competitive , Financial Regulation , Tenders Board , அழியு அஜிஸ் , செனட் பொது எண்ணுதல் குழு , தேசிய அடையாளம் மேலாண்மை தரகு , பொது ப்ரொக்யூர்மெஂட் நாடகம் , தணிக்கையாளர் ஜநரல் , மந்திரி ஒப்பந்தம் , திறந்த போட்டி , நிதி ஒழுங்குமுறை , டெண்டர்கள் பலகை ,

Finance Act 2020: Highlights Of Latest Developments In Nigeria's Tax Regime - Tax

A. OVERVIEW
President Muhammadu Buhari signed the Finance Act 2020 into law
on December 31, 2020. The new legislation followed hot on the heels
of the Finance Act 2019
1 which amended several tax
statutes. The Finance Act 2020 was enacted in furtherance of the
Federal Government s progressive reform of the business climate
in Nigeria, and the need to constantly restructure the tax system
to align and conform same with international best practices, and
make it respond effectively to the changing socio-economic
landscape.
Specifically, the Finance Act 2020 amended fourteen (14)
principal tax and tax-related legislation. The thrust of the
legislation includes boosting government revenue, preventing base
erosion, streamlining areas of regulatory conflict and clarifying ....

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Corruption In Defence: Huriwa Seeks Action

Corruption In Defence: Huriwa Seeks Action
Says National Assembly Panels Sound Like Broken Record
By Emmanuel Onwubiko
Listen to article
Bemoaning the unprecedented GRANDSCALE of CORRUPTION and PERVASSIVE unethical procurement practices in most federal ministries and agencies of government, the nation s prominent Civil Rights Advocacy group-: HUMAN RIGHTS WRITERS ASSOCIATION OF NIGERIA (HURIWA) wonders why the Eonomic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other related offences commission (ICPC) have been operationally incapacitated and polluted to fight the menace.
HURIWA calls the weakening of EFCC and ICPC by the All Progressives Congress dominated National government is an act of treachery and sabotage of a phenomenal height which must be dismantled so these institutions are allowed unfettered power to crush corrupt federal government officials destroying Nigeria now. ....

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Senators fume as ministry pays contractors N968.8m without approval

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Sunday Aborisade, Abuja
Members of the Senate Public Account Committee have expressed their dissatisfaction towards some officials of the Ministry of Defence who paid N968.8m to contractors without approval.
The report of the Auditor-General for the Federation specifically indicted the ministry officials of paying the huge sums to the contractors.
It was meant for the production and supply of medals and ribbons for the Armed Forces Independence Anniversary but allegedly without approval from Federal Executive Council and the Ministerial Tender Board.
The AuGF report indicted defence ministry officials of facilitating the payment for the contracts despite the objection raised by the Deputy Director (Budget) in a memo dated April 24, 2013. ....

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Senate: Defence ministry paid N968.8 million for contract without FEC, others' approval

TODAY
December 29, 2020
The upper chamber of the National Assembly has exposed how the officials of Ministry of Defence paid N968.8 million for the production and supply of medals and ribbons for Independence Anniversary for the Armed Forces without approval from Federal Executive Council and Ministerial Tender Board.
In a report by the Auditor General of the Federation, the officials of the Ministry of Defence facilitated the payment for the contract despite the objection raised by the Deputy Director (Budget) in a memo dated 24th April 2013.
To this end, the Senate Committee on Public Account, chaired by Senator Matthew Urhoghide sustained the indictment report against the Ministry of Defence over the issue due to failure of the officials of the Ministry to explain their own side of the allegation. ....

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