SERAP to Akpabio, Abbas: “Refund N110bn spent on luxury cars and unlawful allowances now”

SERAP to Akpabio, Abbas: “Refund N110bn spent on luxury cars and unlawful allowances now”

The Socio-Economic Rights and Accountability Project (SERAP) has given Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas seven days “to ensure that members of the Senate and House of Representatives refund and return to the public treasury, all monies, allowances, and benefits derived from the N110 billion vehicle procurement and…

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Why Host Communities Are Not Impacted By PIA’s 3% Fund- Dekor

Why Host Communities Are Not Impacted By PIA’s 3% Fund- Dekor

[mc4wp_form id=33047] Nearly five years after the Petroleum Industry Act (PIA) introduced the Host Community Development Trust (HCDT) framework to channel development funds to oil-producing communities, stakeholders say many host communities across the Niger Delta are yet to experience the full benefits of the scheme despite substantial financial contributions from oil companies. The concern formed…

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NGX Suspends Trading In Fortis Insurance Shares Over Reconciliation Exercise

NGX Suspends Trading In Fortis Insurance Shares Over Reconciliation Exercise

[mc4wp_form id=33047] Trading in the shares of Fortis Global Insurance Plc has been suspended on the Nigerian Exchange (NGX) to facilitate the reconciliation of shareholder records ahead of the listing of the company’s reconstructed shares. The suspension was announced by NGX in a notice to Trading License Holders and the investing public. According to the…

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