Court blocks Oyo State Govt accounts in four banks over N3.4bn debt
By Taiye Agbaje A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies…
5,000 individuals, parastatals in 10 MDAs owe FG N5.2 trillion
By Aminu Garko The Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Malam Aliyu Ahmed, says more than 5,000 entities and individuals spread across 10 Ministries…
Oyetola plunged Osun into N407.32bn debt, took N18bn loan after losing election – Adeleke
Osun State Governor, Ademola Adeleke, has disclosed that his predecessor, Gboyega Oyetola, took N18 billion loan after he lost the July 16th, 2022 Osun governorship election. He also revealed that…
N19bn: Owing debt is not fraud; airline operators reply NCAA boss, Musa Nuhu
The Airline Operators of Nigeria (AON) have decried the alleged ‘criminalisation’ of all domestic airlines over the outstanding N19 billion debt they allegedly owe some Federal Government’s aviation agencies. The…
Debt: Imo State Govt to Innoson Motors: You lied, we’re servicing our debt
The Imo State Government has described as distasteful and cheap blackmail, the claim by Innoson Motors that the State is owing the company N2.5 billion being cost of the vehicles…
Innoson Vehicles Sues Imo State Government over N2.5bn Debt
Nigeria’s indigenous vehicle manufacturing company, Innoson Vehicles Manufacturing (IVM) has filed an over N2.5 billion lawsuit against the Imo State Government under the headship of Senator Hope Uzodimma. A statement…
N1.2bn debt crippling Cross River’s water board; MD seeks privatisation
Ehigimetor Igbaugba Mr Victor Ekpo, Managing Director, Cross River Water Board, says that N1.2 billion debt being owed the utility company by customers have affected its service delivery to the…
N2.6 trn Debt: Reps committee to sanction oil and gas firms who shun invitation
March 15, 2022 The House of Representatives ad hoc Committee investigating the recovery of outstanding debts owed by Oil and Gas companies to Nigeria has vowed to sanction companies that…
Debt: NDDC Contractors threaten nationwide protest; demand sack of Interim Board
February 11, 2022 Niger Delta Indigenous Contractors Association on Thursday said its members were poised for a nationwide protest over non-payment of their outstanding debts. They also demanded the immediate…
N4.7bn debt: Why we shut down Globacom after writing them 15 letters – NCAA
December 23, 2021 The Nigeria Civil Aviation Authority has shutdown main switch centre of Globacom Limited at Wuse 2, Abuja over non-payment of outstanding debt of N4.7 billion. The NCAA…