Funds

Misappropriate FAAC Funds And End Behind The Bars – FG Tells LG Chairmen

Jul 26, 2024.Jul 26, 2024. by Praise Ben

The Federal Government, through Attorney General Lateef Fagbemi, warned Local Government Area chairmen of imprisonment for mismanaging FAAC funds. EKO HOT BLOG reports that the Federal Government has issued a warning to Local Government Area chairmen against mismanaging funds allocated by the Federation Accounts Allocation Committee (FAAC), threatening imprisonment for those involved. This warning was delivered … Read more

Ministry Of Health Reacts To Reports Of Paying N15,000 ‘Instant Relief Funds’

Apr 28, 2024. by Philip Ibitoye

Minister of Health and Social Welfare, Prof. Ali Pate

A report is making the rounds about payment of relief funds by the Ministry of Health and Social Welfare. The ministry debunked the report as false. It says the information did not emanate from its quarters. Eko Hot Blog reports that the Ministry of Health and Social Welfare has denied a report that it is … Read more

MTN Nigeria Plc Reports Historic Loss, Erasing Shareholders’ Funds Amid Forex Turmoil

Mar 2, 2024. by Praise Ben

EKO HOT BLOG reports that MTN Nigeria Plc has disclosed a staggering pre-tax loss of N177.8 billion for the fiscal year ended December 31, 2023, marking a drastic downturn from the N518.8 billion pre-tax profit reported in the previous year. This loss has led to a complete erasure of the shareholders’ funds, an occurrence that has … Read more

Reps To Probe CBN, DisCos Over Mass Metering Funds

Mar 1, 2024. by Praise Ben

EKO HOT BLOG reports that the House of Representatives on Thursday resolved to investigate the funds disbursed to licensed electricity Distribution Companies for metering by the Central Bank of Nigeria as loans under the National Mass Metering Programme. This resolution to investigate the disbursement of the funds followed the adoption of a motion moved by Uchenna … Read more

JUST IN: Abure Under Fire As Labour Party Treasurer Demands Accountability For N3.5 Billion Funds

Feb 12, 2024. by Praise Ben

EKO HOT BLOG reports that the Labour Party is facing a new crisis as its National Treasurer, Oluchi Oparah, has called on its National Chairman, Julius Abure, to provide a detailed account of the party’s funds, which amount to over N3.5 billion. This online media platform understands that the said funds were generated through the sale … Read more

NNPP To Investigate Kwankwaso, Others Over Alleged Misappropriation Of Party Funds

Sep 4, 2023. by Praise Ben

EKO HOT BLOG reports that a faction of the New Nigeria Peoples Party (NNPP) has announced the plan to investigate the party’s 2023 presidential candidate, Rabiu Musa Kwankwaso, and some other chieftains over alleged misappropriation of funds. This online media platform gathered that the faction, under the leadership of Major Agbo, is accusing Kwankwaso and … Read more

CBN Has Released Requested Funds For Upcoming Elections – INEC

Feb 22, 2023. by Praise Ben

INEC has confirmed that the CBN has released funds needed for the 2023 elections. The Oyo Electoral Commissioner stated expressed optimism that the INEC will conduct free and fair elections. He also urged the Oyo people to come out and vote their preferred candidates. EKO HOT BLOG reports that the Oyo state Resident Electoral Commissioner … Read more

Revealed! This Is Tinubu’s Source Of Wealth

Dec 7, 2022.Dec 7, 2022. by Praise Ben

Tinubu has spoken on the alleged allocation of Lagos revenue. EKO HOT BLOG reports that the presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, has opened up on his source of wealth. This online media platform gathered that there have been various speculations on the former Lagos Governor’s affluence. EDITOR’S PICKS Osun: … Read more

2023: APC, PDP Told To Use 50% Of Fees From Aspirants On ASUU Strike

Jun 2, 2022. by Ekohot Editor

Ebonyi Guber Aspirant, Julius Ucha Offers Practical Solution To End ASUU Strike Ucha Laments That Incessant ASUU Strike Has Created Social Problem EDITOR’S PICK: ASUU Gives Update On Strike After FG’s Payment Of Arrears ASUU: Agreement Reached With Union, Others, Strike Ends Soon –FG Party Delegates Furious After Discovering They Were Bribed With Fake Dollars … Read more

Nigeria needs $1.5tr – Buhari tells US President, others

Nov 3, 2021. by Ekohot Editor

President Buhari delivered the statistic on Tuesday in Glasgow at a COP 26 high-level side session The Nigerian leader noted that infrastructure investment should, therefore, take into account economic, environmental and social, and governance aspects Ekohotblog reports that President Muhammadu Buhari has stated that Nigeria will require around 1.5 trillion dollars over a ten-year period … Read more

EFCC Arraigns Director Over Theft Of N30m HIV/AIDS Funds

Jul 6, 2019. by Otunba T.J Abass

The Economic and Financial Crimes Commission has arraigned one Dr Nkereuwem Etok before Justice A. Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State, on a five count bordering on abuse of office and money laundering. The accused, who is the Director and Project Manager of Akwa Ibom State, for Control of … Read more