Sentences with phrase «naira as»
It is embarrassing that public officials have continued to collect millions of naira as «estacodes» while many states pay either half salaries or nothing.
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While there are claims in some quarters that the school and families of the victims parted with millions of naira as ransom, the police insisted that their freedom was due to pressure mounted on the kidnappers.
From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting over a billion naira meant for resettlement of Internal Displaced Persons (IDPs) by the Secretary to the Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.
The appeal court added that since the House of Representatives or any chamber of the National Assembly lacked the power to conduct criminal investigation, its report «can not be used to prevent or shield any of the petroleum marketer and supply companies from being investigated by competent investigative authority upon a criminal complaint that it fraudulently received billions of naira as imported petroleum subsidy payments when it did not import or market the petroleum in Nigeria.»
As many Nigerians, specifically the participants of the popular Ponzi scheme, Mavrodi Mondial Moneybox known as MMM, are hoping to unfreeze their accounts, the scheme had dump the use of Naira as mode of payment by introducing Bitcoin as the best performing currency.
Not exact matches
Regarding Nigeria, the app will be available in that country but as of right now the naira will not be one of the supported currencies.
Naira Marley chats about his track, life as an Arsenal fan and also his favourite players in the Nigeria national team.
The value of items destroyed is several millions of naira, as I just stocked for the New Year.
From their current standpoint, what the masses expect from the VP in my views is not the announcement but, a template in place for ensuring «that every dollar / naira in revenue would be properly accounted for and would reach the beneficiaries at the grassroots as one dollar, without being siphoned off along the way; block the areas where discretionary powers had been exploited for personal gains and sharpened the instruments that could prevent, detect or deter such practices».
The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday.
The exchange rate now is over N270 per dollar, even as depreciation of naira is having a telling effect on the economy.
LAGOS — The Naira remained stable at N295 per dollar in the parallel market, yesterday, as Bureau de Change, BDC, operators await the release of modalities on how to source dollars from autonomous sources.
While leading the debate on the motion, Senator Danjuma La'ah said, «on the 23rd December, 2016 and even as we speak, communities of Ambam, Gaska, Dangoma, Tsonje, Pasankori, Gidan Waya and Farin Gada of Jama'a and Kaura local government area have been under serious attack by the herdsmen, resulting in several deaths, injuries, and wanton destruction of properties worth billions of naira».
«That you, AVM Olutayo Tade Oguntoyinbo whilst serving as Chief of Training and Operations, Nigerian Air force and the CEO / Managing Director as well as the sole signatory to the account of Spaceweb Integrated Services Limited with Wema Bank, on or about the 11th July, 2014 at Abuja within the jurisdiction of this Honourable Court did accept a gift in the sum of One hundred and Sixty Six Million Naira (N166, 000,000) from Societe D' Equipments Internationaux Nigeria Limited, a contractor with the Nigerian Air force in performance of your official act and you thereby committed an offence contrary to Section17 (a) of the Independent Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 17 (c) of the same Act».
Vanguard gathered that the suspect, also known as Million, allegedly took part in the Lekki, Ikorodu, Festac and Agbara bank robberies (all in Lagos), where his gang carted away millions of naira, destroyed several vehicles and left several persons, including policemen and a pregnant woman, dead.
He said the agency needed more funding, as the 16 million naira ($ 50,000, 47,000 euros) allocated in 2017 was not enough.
This technical committee will be constituted to also consider suggestion and contributions from relevant parties on the component of the half trillion naira (N500 billion) provided in the 2016 annual budget as palliatives» measures to cushion the negative fall - out of the deregulation of the down - stream sector of the oil and gas industry.
Count three: «That you Godsday Peter Orubebe while being a Minister of the Federal Republic of Nigeria in charge of Ministry of Niger Delta Affairs on or about September 19, 2012 asked for and accepted the sum of fifty million naira from one Pastor (Dr) Jonathan Alota, as bribe for the contract awarded in favour of his company, Chemtronics Nigeria Limited and you thereby committed an offence contrary to section 10 of the CCB & T Act, and punishable under Section 23 (2) of CCB & T Act.
Count four: «That you Godsday Orubebe, while being a Minister of the Federal Republic of Nigeria in charge of Ministry of Niger Delta Affairs, on or about 2013 asked for and accepted the sum of twenty million naira from one Pastor (Dr.) Jonathan Alota as additional bribe for the contract awarded in favour of his company Chemtronics Nigeria Limited for the construction of skill acquisition Centre at Edo State for the sum of one billion seven hundred and ninety nine million, nine hundred and fourteen thousand two hundred and fifty naira eighty eight kobo only (1,799,914,251.88 K) and you thereby committed an offence contrary to Section 10 of CCB & T Act.»
He described the multi-billion naira investment partnership as part of his administration's efforts to raise the bar of local and foreign investment in the state.
Investors and business people may be disappointed as Adeosun backed current fiscal policy against devaluing Nigeria's beleaguered naira currency, speaking at her Senate vetting last month.
President Muhammadu Buhari on Tuesday said since its inception in 2015, his administration has succeeded in recovering trillions of naira stolen by those he described as people without conscience.
Interestingly as properties worth billions of Naira are lost to natural disasters, fewer deaths are recorded.
The Presidency has said that N2billion Naira, not an outlandish six billion as insinuated, has been has expended on maintenance of the presidential fleet by the Buhari administration between May and this November saying the amount also includes salaries and repayment of old debts.
As Naira continues to slide down against the US Dollars, Nigerians have been charged to be creative to attract more foreign exchange.
The onus is therefore on the Kogi State Government to justify its request for 50.8 billion Naira, and to assure the CBN that the state is not seeing the funds as slush money.
'' Our investigations have revealed that the Kogi State Government has not been able to justify the over 50 billion Naira it is asking for as bailout funds.
By Babajide Komolafe The naira, Wednesday, depreciated further to N305 per dollar as scarcity of dollars intensified in the parallel market.
Following the soaring reigns and expansion strength of Guinness Nigeria Plc with its acquisition of distribution rights from its parent company, the company's revenues have been on increase as it accrues billions of Naira recently.
He held that the company's performance this year was impacted by two major factors of tough economic challenges around consumer spending, which according to him driving consumer preferences towards value brands across the sector as well as the effects of FX policy and Naira devaluation.
Buhari who spoke at the State House in Abuja Wednesday night while hosting members of the House of Representatives to a dinner said «Unfortunately for us as a people, we uncovered that billions of naira and hundreds of millions of dollars were expended by the previous government to acquire good equipment and ammunition for the military to use.
The singer who was not happy with the situation of the Displaced Persons during the visit noted that the lingering insurgency in the area which left thousands of people dead, millions injured and displaced from their homes with property worth billions of naira destroyed have nothing to do with religion as insinuated, but has do with politics.
In a statement by its Press Officer, Manzo Eziekiel, the agency denies ever awarding billion Naira Contract for landscaping and motorpark as being alleged by the false whistle blowers.
The National Emergency Management Agency has denied reports that it awarded a billion naira contract for landscape and carpark, describing the allegation as false and baseless that should not deserve any attention.
The suspect was alleged to have confessed to collecting two million Naira, as well as one hundred and fifty thousand Naira from the Tulip school and Isheri secretary respectively as ransom.
«The SDP as well as many Nigerians were aware that the PDP had a fundraising event prior to the election where billions of naira was donated,» insisting that the PDP, which had ruled Nigeria for 16 years was capable of funding their part of the electoral alliance.
Cabinet meetings are now about how trillions of Naira are to be used to provide long delayed infrastructure such as roads, bridges, railway, power, drugs and equipment for hospitals.
The owner of Dangote Cement fell to 71 place from his initial 46 position on the billionaire list as he lost $ 3.7 billion after Naira dipped again Monday
It was reported around December, 2014, Dangote faced the same lose from his fortunes as nearly 10 % devaluation of the Naira.
However, according to documents, Olojeme and some directors in the company allegedly diverted billions of naira including funds meant for the payment of allowances of its staff as well as compensation to contributors.
The crisis has been exacerbated by limits on what citizens can import as authorities try to stop the naira sliding.
Shema is being charged alongside three others, Sani Hamisu Makana, Lawal Ahmad Safana and Ibrahim Lawal Dankaba before Justice Maikaita Bako of the Katsina State High Court for the alleged offences of criminal breach of trust, abuse of office and conversion of public funds to the tune of over N11billion Naira during his tenure as governor.
«Some of these public enterprises have brought billions of naira to the government in the past and all that is required now to make them as productive as ever is for the government to be serious and instill discipline in the management of the enterprises.
Moving the application today, Iheanacho also referred to paragraph four of the affidavit, detailing how a contractor with the NDDC, Starline Consultancy Services Limited, was paid the sum of N10, 218, 019, 060.59)(Ten Billion, Two Hundred and Eighteen Million, Nineteen Thousand and Sixty Naira) as consultancy fee for levies collected from oil processing companies in the Niger Delta Region.
«That the three hundred thousand Naira (N300, 000) to the senior and one hundred and fifty thousand Naira (N150, 000) to junior staff became necessary in pursuit of the general powers and mandate of the Acting Vice-Chancellor as the Chief Security Officer on the campus to maintain peace, law and order and to prevent loss of lives and property.
President Muhammadu Buhari, Vice President Yemi Osibanjo, governors and Ministers are to inaugurate multi-billion naira projects in Zamfara state as part of the 7th Anniversary of Governor Abdul» aziz Yari «s administration.
The Presidency has said that N2billion Naira, not an outlandish six billion as insinuated, has been has expended on maintenance of the presidential fleet by the Buhari administration between May and this November saying the amount also includes...
President Muhammadu Buhari, Vice President Yemi Osibanjo, governors and Ministers are to inaugurate multi-billion naira projects in Zamfara state as part of the 7th...
The Kogi State Government has offered five Million Naira (N5, 000,000.00) as reward to any body who can volunteer information on those who terrorised and killed people...
As part of anti-corruption measures, he also ordered that the currency be replaced - the colour of the naira notes were changed - forcing all holders of old notes to exchange them at banks within a limited period.