Economic Confidential: Arms Panel Scandal: Bugatti, Ferrari, US Dollars Recovered from Member

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Arms Panel Scandal: Bugatti, Ferrari, US Dollars Recovered from Member

DSS discovers $1.5 million cash and 18 luxury cars including a Rolls Royce, Ferrari and Bugatti, among others during a raid in the home of a member of Arm Purchase Panel.

Read: http://economicconfidential.com/2016/06/arms-panel-scandal-bugatti-ferrari-dollars-recovered-member/

Naira Stabilises at N284 after CBN's $100m Intervention

The Nigeria's Naira stabilises at N284.83 to a dollar on the second day of trading on the interbank spot market on Tuesday.

Read: http://economicconfidential.com/2016/06/naira-stabilises-n284-cbns-100m-intervention/

Nobody Can Seize My property— Billionaire Jimoh Ibrahim

The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim, has said that nobody in Nigeria can seize his properties.

Read: http://economicconfidential.com/2016/06/nobody-can-seize-property-billionaire-jimoh-ibrahim/

Avengers Denies Ceasefire as Barkindo of OPEC Suggests Soft-Approach

The Niger Delta Avengers has denied entering into a ceasefire agreement with the Federal Government as the new OPEC Secretary Mohammed Barkindo suggests Carrot and Stick approach.

Read: http://economicconfidential.com/2016/06/avengers-denies-ceasefire-barkindo-opec-suggests-soft-approach/

IPSAS: Governments begin disclosure of financial transactions

Governments at all level have begun implementation of IPSAS process designed to lead to full disclosure of their financial transactions and enhance transparency in public finance.

Read: http://economicconfidential.com/2016/06/ipsas-governments-begin-disclosure-financial-transactions/

Finance ministry workers' protest stops FAAC meeting

The protest by the workers of the Ministry of Finance has prevented the monthly meeting of the Federation Account Allocation Committee (FAAC), which had been earlier scheduled to hold.

Read: http://economicconfidential.com/2016/06/finance-workers-protest-stops-faac-meeting/

FG sacks striking resident doctors

Resident doctors have been sacked by Minister of Health, Prof. Isaac Adewole, for "abandoning" their training programme.

Read: http://economicconfidential.com/2016/06/fg-sacks-striking-resident-doctors/

N35.6bn inadequate for national housing – Fashola

Minister of Works, Power and Housing, Babatunde Fashola has faulted the N35.6bn provided for the National Housing Programme in the 2016 budget.

Read: http://economicconfidential.com/2016/06/n35-6bn-inadequate-national-housing-fashola/

Still on the Freezing of Gov. Fayose's Bank Account- Ajulo

It is the law that to freeze an account, there must be an order of court for the attachment of the bank account.

Read: http://economicconfidential.com/2016/06/illegalities-freezing-gov-fayoses-bank-account-ajulo/

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