Trust Africa News

About 99.4% Of Bank Accounts Contain Less Than N500,000 – NDIC

The Nigeria Deposit Insurance Corporation, NDIC, said that 99.4 per cent of bank accounts contain less than N500,000 Maximum Insured Limit (MIL) of the Nigeria Deposit Insurance Corporation, NDIC Managing Director/Chief Executive, NDIC, Mr. Bello Hassan disclosed this in Gombe, at the second led of the Corporation’s workshop for Finance Correspondents and Business Editors. He…

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Missing ₦881 Billion: SERAP Sues Buhari, Others, Wants Recovery Of Fund

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that over ₦880billion of public funds are missing from 367 ministries, departments and agencies (MDAs).” SERAP wants Buhari to ensure the prosecution of those suspected to be responsible and to order the recovery of…

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Sanwo-Olu Unveils 2021 Greater Lagos Fiesta, Tasks Lagosians On Supor

Trust Africa News, By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, has urged corporate organisations and Lagosians to partner with the Lagos State Government through the Ministry of Tourism, Arts and Culture for the 2021 Greater Lagos Fiesta holding in December. He said the partnership between government, corporate organisations and individuals will boost the…

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Presidency, MDAs to Spend N13.2bn on Food, Sitting Allowance, Others in 2022

The Presidency as well as Ministries, Departments and Agencies have earmarked the sum of N13.2bn for refreshments, meals, food and catering materials and sitting allowance in the 2022 budget proposal, Amid rising food inflation in the country, the sum of N5.8bn had been budgeted for refreshments and meals, N1.76bn for food and catering materials while…

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