Tag Archives: N10bn

SON Destroys N10bn Worth Of Fake Goods

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The Director General of Standard Organisation of Nigeria, SON, Joseph Odumodu, on Monday said the organisation destroyed substandard goods worth N10 billion in the last four years.

Mr. Odumodu disclosed this during his official visit to the headquarters of National Association of Government Approved Freight Forwarders in Lagos, saying the items were destroyed from 2011 to date.

He urged the freight forwarders to collaborate with the organisation to halt importation of substandard products.

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I Left N10bn For My Successor- Amaechi

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Former Rivers State Governor, Chibuike Amaechi has said he left a balance of between eight to ten billion naira for his successor, Governor Nyesom Wike.

In a statement from his from his media office yesterday, the former governor denied that he handed over an empty treasury to his successor.

The statement by the former Governor’s media office, yesterday, revealed that a total of N7.5 billion cash was left behind as balances in the State Internally Generated Revenue, IGR, account with Skye Bank, FAAC account with Zenith Bank, balances with Access Bank and funds in the State reserve fund account in First Bank.

“This is besides other balances in the state Government House account with Zenith Bank and other government MDA accounts, like the Bureau for Public Procurement, BPP. By the time you pull all these together, we are looking at readily available cash in the region of eight to ten billion naira left for the Wike administration.”

Read More: vanguardngr

Benue To Borrow N10bn For Salaries, Projects

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The Benue House of Assembly on Thursday approved the request of the state’s executive arm to borrow N10 billion. The House gave the approval in Makurdi during a plenary session.

The letter, seeking the approval of the House to borrow the amount, was signed by the Secretary to the State Government, Targema Takema. The letter said that the governor of the state, Samuel Ortom, inherited an empty treasury.

Reading the letter, the Speaker, Terkimbi Ikyange, said that reliable information from the state Ministry of Finance indicated that the state treasury was empty. Mr. Ikyange said that the state workers were owed five months salaries.

He said that many state-owned agencies were on strike thereby grounding government activities as a result of non-payment of salaries.

Credit: PremiumTimes