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BoT wants next PDP convention in Abuja

The Board of Trustees (BoT) of Peoples Democratic Party (PDP) has advised the National Caretaker Committee of the party to hold the next national convention of the party in Abuja.

Can banks readily cough up NNPC’s $2.12bn?

The latest directive, dated 23/08/2016, however seems to be a reversal of an earlier approval dated 14/09/2015, from the office of the Account General of the Federation, for CBN to exempt some Agencies from compliance with a Central Treasury Single Account with the CBN. The AGOF’s circular confirmed that the thirteen exempted agencies are “profit oriented government business entities that pay dividends to the federal government of Nigeria”; according to the Accountant General, in another circular, such companies included NNPC, PHCN, Nigeria Railway Corporation and others.

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