FRC
-
NEWS
FG rehabilitates Ikorodu township roads with N498m
The Fiscal Responsibility Commission (FRC) has completed rehabilitation of two township roads in Ikorodu as part of its Federal Constituency projects in Lagos State. The News Agency of Nigeria (NAN) reports that the two road projects were awarded to LRB Global Investment Ltd, and JRB Construction Co. Ltd. at a total cost of N498 million. NAN reports that the first…
Read More » -
economy
FRC to sanction banks, financial institutions violating loan conditions to states
The Fiscal Responsibility Commission (FRC) says it has notified about 14 banks and financial institutions allegedly granting loans without due process to state governments. Executive Chairman of the FRC, Mr. Victor Muruako, made the disclosure at a Transparency and Accountability Sensitization Workshop for the South West in Lagos on Monday. The News Agency of Nigeria (NAN) reports that the two-day…
Read More » -
Africa
Nigeria begins probe of Central Bank Governor
President Goodluck Jonathan has queried the governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, over various infractions detected in the apex bank’s 2012 audited account. The query, which covered 22 issues bordering on massive fraud at the bank, was sent to the governor on May 6 and the response, though expected back on May 8, was submitted…
Read More »
