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    Kapital FM 92.9 The Station that Rocks!

Funds

9 Results / Page 1 of 1
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Economics

Failure To Implement PIA Funds Denied Niger Delta N1.65tr For Clean-up

The House of Representatives Committee on South South Development Commission says Nigeria’s failure to implement two critical Petroleum Industry Act, PIA, funds has denied the Niger Delta an estimated ₦1.27 trillion to ₦1.65 trillion that should have accrued for cleaning up polluted environments and decommissioning obsolete oil facilities since 2021. Chairman of the committee, Julius Pondi, said this during an interactive session at the National Assembly to examine the continued […]

todayNovember 26, 2025

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Education

NELFUND Denies Funds Diversion

The Nigerian Education Loan Fund, NELFund, has denied allegations of diverting funds meant for student loans, saying its financial records show a transparent disbursement process. The Managing Director, Akintunde Sawyerr told lawmakers during a session with the House of Representatives Committee on Student Loans that the fund has disbursed 54 billion naira out of the 203 billion naira it has received, with all transactions fully documented. Sawyerr said NELFund had […]

todayMay 8, 2025

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National

Refund N75b Covid Funds – HOR To Trade And Investment Ministry 

The House of Representatives Committee on Public Accounts has asked the Federal Ministry of Trade and Investment to refund N75 billion COVID-19 intervention fund to government coffers. The resolution was sequel to the adoption of a motion by Bassey Akiba (LP-Cross River) at a public hearing on COVID-19 funds on Thursday in Abuja. Moving the motion, Akiba said that the committee had written to the ministry three times to appear […]

todayJanuary 18, 2024

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National

FCT : Create Special Intervention Fund To Fight Insecurity

By Oduyemi Odumade Member Representing AMAC/Bwari Federal Constituency of the FCT, Mr Chinedu Obika has called on the Federal Government to create a special security intervention fund for the complete overhaul of the security architecture in the Federal Capital Territory. Mr. Obika who made the call at a Media Conference in Abuja decried the rising security situation in the FCT, as most of the cases were not reported in the […]

todayDecember 8, 2023

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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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National

IFRC Appeals For Funds To Alleviate Hunger In Nigeria

By Oduyemi Odumade   In response to the escalating hunger crisis gripping some parts of the country, the International Federation of Red Cross, IFRC, has initiated an emergency appeal to raise 27 million Swiss Franc in support of the Nigerian Red Cross Society's efforts to alleviate the hunger crisis in Nigeria. The head of the IFRC delegation Abuja Clusters, Bhupinder Tomar who stated this during a media chat in Abuja […]

todayOctober 17, 2023

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Health

House To Investigate Mismanagement Of Funds By NHIS

By Oduyemi Odumade   The House of Representatives has mandated its committee on healthcare services to investigate alleged mismanagement of funds and other irregularities in the National Health Insurance Authority. This was sequel to a motion by a member from Edo State, Mr Esosa Iyawe at plenary. Mr Iyawe stated that the Federal Government has, over the years, driven the Health Insurance Policy through budgetary allocation under the management of […]

todayOctober 10, 2023

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Africa

Nigeria To Benefit From UK £210 Million Funding

The United Kingdom Government has announced that Nigeria will benefit from its £210 million funding to tackle deadly antimicrobial resistance (AMR). A statement by the UK government on Thursday stated that this is the largest-ever investment in global AMR surveillance by any country. According to the statement, the announcement comes as the Secretary of State travels to India for his first G20 Health Ministers’ meeting. It states that the funding […]

todayAugust 17, 2023

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Featured

Use Recovered Public Funds To Revamp Economy – Kalu

The Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, has stressed the need for the country to use recovered public funds to boost the economy and create employment. A statement by his Chief Press Secretary, Mr. Levinus Nwabughiogu, Kalu says the deputy speaker made this known while declaring open the inaugural session of the House ad-hoc committee on, “Identification and Recovery of Public Funds Seized, Forfeited and Abandoned […]

todayAugust 15, 2023