Woman pays N100 debt with 4-yr-old daughter
—A four-year-old girl, Uloma Igwe, was reportedly sold to a widow, Nwali Josephine, for N100 in Abakaliki, Ebonyi State.
Reps demand exact amount level of local debt stock from FG
THE House of Representatives, yesterday, directed its Committee on Aids, Loans and Debt Management to liaise with the Budget Office of the federation to ascertain the amount of local debt owed by the Federal Government.
Nigeria spends N1.1trn on debt servicing in 9 months
A whopping sum of N1.094.22 trillion was expended by the Federal Government on debt servicing between January and September 2016.
Nigeria’s total debt profile $57.39bn – DMO boss
The Debt Management Office, DMO, said yesterday that the nation’s total debt profile currently stood at $57.39 billion.
Buhari’s compulsive leap into a debt trap
In a recent discussion with some media practitioners, I ‘innocently’ asked the innocuous question of who actually owns the reported foreign reserve balance of about $27.8bn? Expectedly, the response was a spontaneous chorus of “Nigeria of course”!
N346M DEBT: Court restrains steel firm from assessing account
LAGOS—A Federal High Court sitting in Lagos, has restrained the Directors and agents of BSS Steel Rolling Mill Limited, from accessing any sums of money standing to the credit of the company until the sum of N346,798,405,96 plus interest owned by the company to Guaranty Trust Bank was fully liquidated.
FG confirms N100bn debt on aviation projects
Former Permanent Secretary, Ministry of Transport, Aviation sector, Hajiya Binta Bello, has confirmed that the Federal Government owed N100 billion debts on projects in the aviation industry.
FG spends N600bn annually on local debts – REP
Chairman, House of Representatives Committee on Finance, Dr. Abdulmumini Jibrin, said yesterday that the Federal Government spends N600 billion annually to service local debts owed banks.
