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    Kapital FM 92.9 The Station that Rocks!

disbursement

7 Results / Page 1 of 1
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National

House Joint Committee Probes Alleged Mismanagement In NELFUND Disbursement

    A joint committee of the House of Representatives has launched an investigative hearing into alleged unethical practices in the disbursement and management of student loans by the Nigerian Education Loan Fund, NELFUND. Speaking at the investigative hearing in Abuja, Chairman of the Joint Committee on Student Loans, Scholarships, Higher Education Financing, Banking, Anti-Corruption, and University Education, Ifeoluwa Ehindero said the probe was necessary to ensure transparency, accountability, and […]

todayJuly 10, 2025

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Economy

FAAC Disburses N1.2trn Revenue To FG, States, LG For April

FAAC distributes N1.2 trillion in revenue to the Federal Government, states, and local governments for the month of April. During the FAAC meeting held in May 2024, the allocation shared consisted of N284.716 billion in distributable statutory revenue, N466.457 billion in distributable Value Added Tax (VAT) revenue, N18.024 billion in electronic money transfer levy revenue, and N438.884 billion in exchange difference revenue. The information was included in a statement released […]

todayMay 17, 2024

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National

CBN Disburses $500m To Clear Forex Liabilities Backlog

In its determination to address the backlog of verified foreign exchange transactions, the Central Bank of Nigeria, CBN has disbursed 500 million dollars to various sectors. This comes barely a week after the Bank paid approximately two billion dollars to settle outstanding commitments across manufacturing, aviation, and petroleum sectors. The CBN's Acting Director Corporate Communications Department, Mrs. Hakama Sidi-Ali, who stated this in Abuja noted that the Management of the […]

todayJanuary 29, 2024

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Economy

Reps To Probe COVID-19 Funds Disbursement

By Oduyemi Odumade   The House of Representatives has mandated the Public Accounts Committee to investigate the expenditure of funds appropriated or disbursed as COVID-19 intervention to Ministries, Departments and Agencies of the, Federal Government from 2020 to 2022. This was sequel to the adoption of a motion by a member from Adamawa State, Mr Nyampa Zakari, on the need to investigate the alleged mismanagement of the funds, at plenary. […]

todayOctober 17, 2023

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Featured

NPOWER: Beneficiaries To Get Outstanding Stipends Soon- FG

The Federal Government says it is ready to commence the payment of backlogs to Npower beneficiaries who are on the programme. A statement by National Communication Manager of the programme Mr Jamaluddeen Kabir says the main reason for the temporary suspension of the programme was to address all issues that directly affect the beneficiaries to restructure and carry out a forensic audit of the programme. You Can Also Read: FG To […]

todayOctober 17, 2023

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Featured

N52b SPW Disbursement : Lawyer Threatens NDE With Court Action

An Abuja based legal practitioner and social crusader, Abdulazeez Tijani have invoked the Freedom of Information (FoI) Act against the National Directorate of Employment (NDE), demanding details of disbursement of N52bn to some youths under former President Muhammadu Buhari's Special Public Work (SPW) policy. This is contained in a statement signed by the lead counsel, Mr Abdulazeez Tijani in Abuja. According to the statement, the disbursement of the N52bn approved […]

todayAugust 14, 2023

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Featured

Senate Again, Probes Uneven Disbursement Of N483bn MSME Loan

        The Senate has again resolved to launch a fresh probe into alleged uneven disbursement of N483 billion loan to the Medium and Small-Scale Enterprises (MSMEs) in the six geo-political zones by the Development Bank of Nigeria (DBN) in 2021. This followed a motion by the Senate Chief Whip, Senator Mohammed Ali Ndume and co- sponsored by 64 other lawmakers during plenary in Abuja. It would be […]

todayJuly 13, 2023