Connect with us

National News

Buhari Not Fighting Corruption To Impress Any Organisation: Lai Mohammed

Published

on

 

Lai Mohammed

The Minister of Information and Culture,The Minister of Information and Culture, Lai Mohammed

Lai Mohammed, minister of information and culture, says the federal government is not fighting corruption to impress any organisation.

This statement was in reaction to the Transparency International (TI) corruption index which ranked Nigeria 146 of 180 countries, with a total of 26 points out of a possible 100 points.

Speaking with some international media organisations in London on Wednesday, Mohammed said, “In any event, we are not fighting corruption because we want to impress any organisation. We are fighting corruption because we believed that without fighting the menace, the much-sought development will not happen and we have results to show for fighting corruption. ”

Read Also: Transparency International’s Latest Ranking Based On Statement From Opposition Party: Garba Shehu

“We have put in place policies and legislation that have tamed the monster called corruption. For instance, apart from the TSA which has saved us billions of Naira, we put in place transparency portal which enables every Nigerians to see how much is being spent by government every day.

“Under the transparency portal regulation, any expenditure above N5 billion must be reported and that gives every Nigerian the opportunity to know exactly what is going on.

“We will continue to fight corruption and we know that we are winning the war.”

Mohammed while speaking on claims that the federal government’s fight against corruption is selective, asked: “How do you say that when serving senators and past governors who were members of the ruling party are now serving jail terms?”

 

National News

2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari

Published

on

President Muhammadu Buhari has revealed that the recently proposed 2020 Finance Bill will exempt workers earning the minimum wage from paying tax.

Buhari disclosed this on Monday in a speech delivered virtually by Vice President, Yemi Osinbajo at the opening session of the 26th Nigerian Economic Summit Group Conference themed: “Building Partnerships for Resilience.”

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

“We are proposing in the new Finance Act that those who earn minimum wage should be exempted from paying income tax,” he was quoted as saying in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Laolu Akande.

“These provisions which complement the tax breaks given to small businesses last year will not only further stimulate the economy but are also a fulfilment of promises made to take steps to help reduce the cost of transportation and the impact of inflation on ordinary Nigerians.”

 

Continue Reading

National News

Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Published

on

Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Zainab Ahmed

Minister of Finance, Budget and National Planning, Zainab Ahmed has revealed that Nigeria would emerge from recession in the fourth quarter of this year or by the first quarter of 2021.

Recall that on Saturday, Nigeria officially went into recession for the second time under President Muhammadu Buhari‘s administration.

Speaking on Monday at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, Zainab said the current recession would be short-lived.

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

She blamed COVID-19 for the current recession, saying it followed the pattern across the world where many countries had entered an economic recession.

“Nigeria is not alone in this, but I will say that Nigeria has outperformed all of these economies in terms of the record of a negative growth,” Ahmed said.

 

Continue Reading

National News

Court Remands Nigerian Senator, Ali Ndume, In Prison

Published

on

Court Remands Nigerian Senator, Ali Ndume, In Prison

Ali Ndume

Senator Ali Ndume, the lawmaker representing Borno South Senatorial district has been ordered on Monday by a federal high court to be sent to prison.

The order follows his inability to produce Abdulrasheed Maina, the former Chairman of the defunct Pension Task Team, whom he stood as surety for in his corruption and money laundering trial.

The high court, sitting in Abuja was presided over by Justice Okon Abang and ordered Senator Ndume to be remanded in Kuje correctional centre.

Also Read: Alleged Money Laundering: Court Orders Arrest Of Abdulrasheed Maina

Justice Abang, however, gave three conditions upon which Ndume can regain his freedom namely payment of N500m bail bond into the Federation Account of the Federal Government and present evidence of such payment in court or the FG sells the property situated in Asokoro, Abuja which Ndume pledge as security for the bond and present evidence of sale and payment of the N500m realised into the Federation Account or he (Ndume) produces Maina, who is believed to have now jumped bail, in court.

Shortly after the pronouncement by the Judge, Senator Ndume was led away from the courtroom by security operatives.

 

Continue Reading

Trending