VICTOR OGUNJE, Ado Ekiti
FORMER member of the House of Representatives, Hon Bamidele Faparusi, has hailed the Federal Government for asking the governors to publish the accounts of the internally generated revenues and the real workers’ wage bills in their respective states as prerequisites for bailouts for salary payment .
Nigeria’s Senate is summoning the Minister of Finance Mrs Kemi Adeosun, and the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, to brief lawmakers on the monetary and fiscal policies adopted to salvage the economy from impending recession.
and PAULETTE ORJIME
The Monetary Policy Committee, MPC of the Central Bank of Nigeria, CBN on Tuesday rose from its meeting directing the management of the apex bank to adopt a flexible exchange rate policy in the inter-bank market structure and to retain a small window for critical transactions.
With the Federal Government announcement on its decision to remove petroleum subsidy, thus driving the price of petrol up to a cap of N145 per litre from the previously subsidized price of N86.50 kobo per litre.
Ahead of the International Anticorruption Summit in the UK this week, a civil society group Socio-Economic Rights and Accountability Project (SERAP) has called on the UK authorities to “extradite Nigeria’s former petroleum minister Mrs Diezani Alison-Madueke to face charges of corruption and money laundering, as the charges she is currently facing in UK court do not sufficiently capture the gravity of her alleged crimes, and the increasing allegations of corruption against her in Nigeria.”
Central Bank of Nigeria said that it is investigating activities of some banks in the country with respect to certain financial transactions.
The CBN had in a statement issued by Ag Director of Corporate Communications Mr. Isaac Okorafor revealed that it is conducting the investigation in partnership with relevant agencies of government.
A former Minister of Aviation, Chief Femi Fani -Kayode, has arrived at the headquarters of the Economic and Financial Crimes Commission.
The Director of Finance of the Goodluck Jonathan Campaign Organisation, Senator Nenadi Usman, has returned N23m to the Federal Government, according to a source.
Stakeholders in the nation’s marketing communication industry have expressed worry over excessive and multiple charges levied on customers’ account by Nigerian Banks.