President Muhammadu Buhari-led federal executive council has approved the $500 million Eurobond from the international capital market to fund the 2016 budget.Kemi Adeosun, minister of finance, made this known on Wednesday, saying the next steps about the issuance will be released later in the day.Adeosun said FEC had also given a directive to contractors and those doing business with the government to ensure that names of company directors and registered offices are listed on their letter headed papers.She said this is to enable tax authorities to be able trace and collect revenue.Adeosun said the accountant general of the federation had been told not to pay companies that did not comply with the directive.“FEC gave a directive to the SGF to remind companies that there is an existing provision in the law that companies are supposed to have on their letter headed papers the names of their directors and their registered offices but what we have seen is that many bodies that are transacting business with government simply have the names of the company and no details of who the directors are,” she said.
NEWS, INFORMATION, TECHNOLOGY ,LIFESTYLE, ENTERTAINMENT, HEALTH, EVENTS, FASHION, BUSINESS, SPORTS,
Subscribe to:
Post Comments (Atom)
Anti-IPOB Protesters Take Case To American Embassy (Photos)
Members of Stand Up for Peace Movement have gone on a protest in Abuja on Thursday, in reaction to America’s stand that IPOB is not a t...
-
The Milkshake singer was pictured at LAX where she bent over during security screening and showed her stuff. And someone took a pic and ...
-
The Federal Operations Unit zone A Ikeja, Lagos led by OC Surveillance Team Idiroko Axis, CSC Balogun B.A. on his routine patrol interce...
-
The South African Police have arrested two Nigerians and Mozambicans nationals for the Modderbult farm murders which claimed a family of ...
-
The National Bureau of Statistics, NBS, on Tuesday said Nigeria's economy contracted 1.5 percent in 2016 due to lower oil revenues a...
-
In a recent interview with The Sun, Ekiti state governor, Ayo Fayose, says 79 year old former President, Olusegun Obasanjo, runs his mout...
-
Trust the Governor to speak, and indeed he SPOKE. From promising Nigerians a better day ahead, to encouraging his children to school a...
-
The Nigerian government has approved the retirement of the acting director general of the National Agency for Food and Drugs Administrat...
-
The federal government has advertised the sale of two aircraft in the presidential fleet, in an apparent move to cut down the size of th...
-
Members of Stand Up for Peace Movement have gone on a protest in Abuja on Thursday, in reaction to America’s stand that IPOB is not a t...
-
All across cinemas in Nigeria, one of the movies still dazzling is box office hit and comedy flick, Basira in London. It is still showing ...
No comments:
Post a Comment