Tag: Federation

Nigerian govt divert N34.53 trillion from federation revenue in the past three years ―World Bank

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The World Bank has raised concerns over Nigeria’s fiscal framework, revealing that more than  yearsN34.53 trillion was diverted from federation revenue over the past three years through pre-distribution deductions. In its latest Nigeria Development Update obtained from its website, the global lender disclosed that although total federation revenue rose sharply to about N84 trillion between […]

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Attorney General of the Federation demands EndBadGovernance protesters’ case-file

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Attorney General of the Federation and Minister of Justice, Lateef Fagbemi SAN, has called for the case file of the minors that were arraigned for participating in the EndBadGovernance protest. In a statement released on Friday night, the AGF ordered the Nigeria Police Force (NPF), to transfer the case-file to his office by Saturday, November […]

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The Nigerian Federation vs MTN, By Simon Kolawole

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Does the federal government want to chase foreign investors away from Nigeria? This is one of most frequently asked questions since the Central Bank of Nigeria (CBN) asked MTN to refund the $8.1 billion it repatriated as profits out of Nigeria from 2007 to 2015 based on “irregular certificates of capital importation”. CBN also fined […]

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