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2016: States increase expenditure by N700bn

2016: States increase expenditure by N700bn

INSPITE of the dwindling economic fortunes of the country and projected drop in revenue accruals from the Federation Account the cumulative financial figures of state governments has shown that about 12 states have effected huge increases in expenditure totalling N697 billion in their 2016 budget with economy experts saying they will run into funding crises.

Dasukigate: Prosecute executives of CBN, other banks, SERAP tells EFCC, ICPC

Dasukigate: Prosecute executives of CBN, other banks, SERAP tells EFCC, ICPC

Socio-Economic Rights and Accountability Project (SERAP) has sent petitions to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) requesting them to use their good offices and investigate the high levels of anomalies in the operations of Nigerian banks, other financial institutions, including the Central Bank of Nigeria, CBN in respect to misappropriation of funds meant for arms procurement.