The Presidency has finally spoken out on the recent seizure of three Nigerian presidential jets by a French court. The court’s decision was based on a botched deal between the Ogun State government and a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited. According to reports, the Chinese company had approached the court over a…
“The trending international news on the seizure of three Jets belonging to Nigeria’s Presidential fleet is yet another of many embarrassing things exposing our failed leadership and our attitude to the rule of law even in a democracy. It has also exposed multiple dimensions to our leadership failure and our insensitivity to the plight of…
The Federal Government and state governors have agreed to delay the implementation of financial autonomy for Local Governments until October. This decision was made due to concerns about salary payments and the overall functioning of these local councils. However, as of July 2024, Local Governments were still not receiving their funds directly. At a meeting…
By Dare Olawin Nigerian businessman, Tony Elumelu says the government and security agents in Nigeria should be able to tell Nigerians who steal the country’s crude oil, especially using vessels that move through the territorial waters. Elumelu stated this in an interview published by the Financial Times on Friday. Elumelu who dreads oil theft said…
In light of the Supreme Court’s interpretation regarding the full autonomy of Local Governments (LGs), it is important to recognize that LG accounts are currently not linked to the Federal Government’s Treasury Single Account (TSA) as mandated. The Federal Government will, in due course, instruct the 774 Local Government Areas (LGAs) across the federation to…
