11 contractors collected N4bn from FG without going to site - Senate

The Senate Committee on Works yesterday said 11 road contractors collected N4 billion last year from the federal ministry of Works and did not mobilize to sites.

The Chairman of the Committee, Senator Kabiru Gaya disclosed this when the Minister of Power, Works and Housing, Babatunde Fashola appeared before the house committee for the defence of his ministries 2016 budget.

Gaya said some contractors collected N500 million while one of the contractors collected N1 billion. He gave an instance of the dualisation of Otukpo township road, in Benue State where the contractor was paid N1 billion and up till now has not mobilized to site. He called on Fashola to check the details of such contracts and report back in the next meeting noting that there is no point giving a contractor mobilization fee when he cannot perform.

Source: Daily Trust

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'FG to handover 23,000 ghost workers and banks that connived with them to EFCC' - Finance Minister, Adeosun

Minister of Finance, Kemi Adeosun told Senate Committee on Finance that the 23,000 ghost workers discovered in the Federal Civil Service would be handed over to EFCC.

Adeosun, who made the revelation when she appeared before the committee, said banks that connived with the workers to pad the Federal government payroll are also going to be prosecuted. "We will not only sack them, we will ensure the recovery of the money they have been collecting over the years from the Federal government." she said.

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FG removes fuel subsidy, says petrol to sell for N85 by Jan 1st 2016

Minister of State for Petroleum , Dr Ibe Kachikwu during a tour of the Port Harcourt refinery on Christmas Day said that the Federal government is working to reduce the pump price of petrol to about 85 or 86 naira per litre by Jan 1st.

He said efforts were on to get the refinery to achieve 60 percent production capacity and to supply about 11 million liters of petrol daily.

“If you look at the new PPPRA template that we developed and which I just signed off two days ago, when it is announced you will find out that for now ,and I use the emphatic word of the President for now, the price of the refined product will actually be lower than 87 naira, It will be 85. We will probably announce that in January if the prices hold.

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FG bans importation of "I better pass my neighbor" generators

The Federal government has banned the importation a very common brand of generator locally called "I better pas my neighbor". The Controller, Federation Operations Unit Zone A, Lagos of the Nigeria Customs Service (NCS), Madugu Sanni Jubrin, made this known to newsmen yesterday Nov. 17th.

“The smaller generators have been banned by the Federal Government because it is causing air pollution and destruction of our lungs and breathing system.
That is why they have banned it but people are still interested in smuggling them in, that is why we intercepted them. If you go to the market, you still see them because people have imported them before the ban. So it is the leftover they had before the ban that they are selling because the law did not backdate the ban and it is not an absolute prohibition. It is prohibition by trade which means you cannot bring it in large quantity and sell to the public. That is the type of prohibition we have on this but if you buy one piece, Customs will not seize it.

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FG approves N413 billion subsidy claim to oil marketers - NNPC

NNPC says the Federal government has approved the release of N413 billion to settle the subsidy claims of oil marketers. Continue to see more tweets...

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FG says it needs N233bn to rehabilitate Boko Haram ravaged states

Speaking at the opening ceremony of the North-East Humanitarian Multi-Stakeholders Engagement on Tuesday in Maiduguri, the Chairman of the Presidential Committee on North-East Intervention, Gen. Theophilus Danjuma, said N233bn was needed for the reconstruction and rehabilitation of the communities ravaged by the Boko Haram sect.

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