FG inherited N14trn debt, over 2,600 road projects —Umahi
THE Federal Government said weekend that the present administration inherited about N14 trillion debt on 2,604 roads of 18,000 kilometers from the Muhammadu Buhari administration.
Nigeria’s debt rises 8.3% to N31trn in 3 months
By Emma Ujah The Debt Management Office (DMO), Wednesday, put the nation’s total public debt stock at N31.009 trillion or $85.897 billion, as at June 31, 2020, representing 8.3 per cent rise from N28.628 trillion in March 2020. The figure comprised the debt stock of the federal government, the 36 state governments and the Federal […]
How I paid N3.2 bn inherited debt ― NAFDAC DG
Prof. Mojisola Adeyeye, the Director-General of the National Agency for Foods and Drugs Administration and Control (NAFDAC), said on Tuesday that she inherited a debt of N3.2 billion when she assumed office in November 2017. Adeyeye speaking at an online news conference to highlight the activities of the agency, said that, however, the debt had […]
Abacha: How Carrington offered me political asylum in US ― Obasanjo
Former President, Chief Olusegun Obasanjo has revealed how the late former American Ambassador in Nigeria, Amb. Walter Carrington offered him political asylum in the United States during the dark days of the late junta, Gen. Sani Abacha in 1995. Obasanjo remarked that during his tenure as Ambassador, Carrington, helped in easing the move to democratic rule […]
FG spends N609.134bn on debt servicing between Jan-March
The Federal Government spent a total of N609,134,926,039.42 in debt service between January and March, 2020.
N1.3bn debt: AMCON takes over assets of Unicorn Place & Leisure Services Limited
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Ike Nwabuoku, the Chief Promoter of Unicorn Place & Leisure Services Limited due to non-payment of N1.3 billion debt. The company in a statement said the action follows the order of Honourable Justice Saliu Saidu of the Federal High Court, Lagos division. […]
