The House of Representatives Committee on Public Assets has resolved to launch an investigation into the alleged sale of two training helicopters by the Nigeria College of Aviation Technology (NCAT), Zaria. TheHintsNews reports that the purported sale of two Bell 206L-3 helicopters which were public assets acquired for training pilots by the NCAT for N1.2 billion was reported in the media on Sunday, July 30, 2023. The chairman of the Committee, Hon. Ademorin Kuye in statement issued Monday said, the urgency in the sales and concession of public assets at the twilight of the last administration calls for suspicion since…
Author: Hints News
The Central Bank of Nigeria (CBN) has announced the exemption of microfinance banks and primary mortgage banks from cash withdrawal limits. The apex bank in a circular dated July 31, 2023 sent to all financial institutions explained that microfinance banks and primary mortgage banks that provide banking services to the economically active poor have been exempted from paying the processing fees for withdrawals above the cash withdrawal limits for direct cash withdrawals from their correspondent banks. It said this was to enable them continue to play their expected roles in the economy and provide specialised retail banking services to their…
The House of Representatives, says, it will be alive to its constitutional obligation to effectively monitor all entities of government responsible for the deployment of the palliative measures. It also assured that it would closely monitor every Ministries, Departments and Agencies (MDAs) that will be involved in the implementation to ensure speedy delivery, equitable distribution, and transparency The Spokesperson of the House, Hon. Akin Rotimi in a statement issued Tuesday, commended President Bola Tinubu for the announcement of palliatives aimed at alleviating the adverse economic effects resulting from the removal of fuel subsidy. He noted that the Green Chamber empathized…
The Lagos State government has slashed transport fare on all Bus Rapid Transport (BRT) routes by 50 per cent beginning from August 2 as part of effort to cushion the effect on removal of subsidy. The Governor, Babajide Sanwo-Olu made the announcement on Monday while addressing journalists at State House, Ikeja, at the end of a security meeting with the army, police, navy, and other security agencies. He also disclosed plans to distribute food to the vulnerable people in the state. The governor explained that the state would soon commence distribution of food stuff, such as rice, beans, and garri,…
The organised labour, says, it plans to embark on a nationwide protest against the removal of petroleum subsidy from Wednesday,August 2, 2023 stands. It also dismissed fears that the peaceful protest could be hijacked by hoodlums, saying such had never happened in the history of workers’ protest. The organised labour insisted that it was the responsibility of security agencies to provide security for the protest to protect the workers. Rising from another round of meeting of the Presidential Steering Committee on palliatives at the State House, Abuja, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), expressed reservations about…
President Bola Tinubu, says the federal government will spend N75 billion between July 2023 and March 2024 to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity. The President made this known on Monday in a nationwide broadcast to the nation, saying each of the 75 manufacturing enterprises will be able to access N1 billion credit at 9% per annum with maximum of 60 months repayment for long term loans and 12 months for working capital. He admitted that he knew the removal of subsidy was having a negative effect on…
The federal government through the Ministry of Mines and Steel Development has expressed willingness to cooperate and collaborate with the State governments to eliminate illegal mining activities in the country. The Permanent Secretary, Ministry of Mines and Steel Development, Dr. Mrs. Mary Ogbe, disclosed this during the courtesy visit by the Governor of Taraba State, Dr. Agbu Kefas to the Ministry’s headquarters in Abuja. The Permanent Secretary, represented by the Director, Human Resource Department, Suleiman Kabir, stated that there was a pressing need for collaboration between the ministry and Taraba state to curtail incidences of illegal mining in the state.…
The Idoma/Igede All Progressives Congress (APC) Youth Forum of Benue state has urged President Bola Tinubu to consider the young people from the zone for ministerial positions and not the elders. Its Convener, Okpokwu Ogenyi, while addressing a press conference on Monday in Abuja, wondered why the elders that abandoned the campaign prior to the elections were now complaining about political appointments. He stressed that the youths from the zone find it necessary to address issues raised recently at a press conference by some older persons of the Idoma/Igede extraction towards political appointments by the President. The Convener explained that…
The House Committee of Representatives Committee on HIV, Aids Tuberculosis And Malaria has pledged to make amendments to existing legislation to enhance the fight against malaria, HIV/Aids and tuberculosis. The committee added that it would also work assiduously in line with the 10th legislative agenda in delivering dividends of democracy to the people and by extension collaborating with the present administration in the fight against HIV, AIDS, Tuberculosis and Malaria. The Chairman of the committee, Hon, Amobi Ogah stated this while addressing a press conference on Monday in Abuja. He stressed that the committee was ready to hit the ground…
The House of Representatives Committee on Public Assets has decided to investigate the alleged sale of two training helicopters by the Nigeria College of Aviation Technology (NCAT), Zaria. TheHintsNews reports that the purported sale of two Bell 206L-3 helicopters which were public assets acquired for training pilots by the NCAT for N1.2 billion was reported in the media on Sunday, July 30, 2023. The chairman of the Committee, Hon. Ademorin Kuye in statement issued Monday the sale of the Helicopters under the pretext of under-utilization by the authorities of the College of Aviation in March 2023 has now become a symptom…