Bailout Funds

Gov. Yahaya Bello of Kogi says that his administration has received a fresh N30.8 billion bailout fund from the Federal Government.Bello made the disclosure on Monday in Lokoja while performing the ground breaking ceremony of a chapel…

The Ekiti State Government stirred the hornet's nest by daring the Senate over its plan to probe into the expenditure of the bailout granted the state by the Buhari-led Federal Government.The government specifically stated that the…

President Muhammadu Buhari has been advised by Dr. Ibrahim Lame, an APC chieftain in Bauchi state, to desist from giving bailout funds to state governments.Lame stated this on Tuesday in an interview with newsmen in Bauchi.He argued…

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) on Saturday advised the Federal Government against the issuance of bailout funds to state governments for the payment of workers' salaries.The union’s South-West Chairman,…

According to Governor Udom Emmanuel of Akwa Ibom, so far only five states have met the criteria required for the disbursement of N90bn as bailout funds for states.Minister for finance Kemi Adeosun said that the money to be given to the…

A comprehensive analysis carried out by the Independent Corrupt Practices and Related Offences Commission, ICPC, in conjunction with the Nigeria Labour Congress, has revealed how states squandered bail-out funds given to them by the Federal…

The Executive Governor of Imo State, Owelle Rochas Okorocha has raised alarm over the paltry sum being paid to the state as monthly allocation by the Federal Government.The governor noted that the situation was brought about by the…

Governor Idris Wada of Kogi State has warns President Muhammadu Buhari not to play politics with bailout funds because months after fulfilling the necessary documentation, the state is yet to get its own share of the bailout funds.The…

Plateau State Governor, Governor Simon Lalong has set up a committee to manage the implementation of the state's N5.375 billion bailout funds.The Governor also approved the also approved a total of N40 million for the purchase of Rams…

The Central Bank of Nigeria (CBN) yesterday revealed that 19 out of the 27 states of the federation have accessed the bailout funds, and are expected to repay the loans in 20 years.This was revealed by the CBN spokesman, Ibrahim mu’azu,…

Oyo State Governor, Abiola Ajimobi has revealed that the state is owing workers a total of N21.3 Billion.He explained that the state's N17 Million  bailout funds will not be enough to offset all the salaries owed.During a radio…

Abia State Government has received a total of N3 billion as its own share of the bailout fund to clear salary arrears owed workers in the state.The Special Assistant to the governor on media, Mr. Ugochukwu Emezue made this revelation…