fbpx
Connect with us

News

Tinubu Abandons Buhari’s TSA, Creates CRF

Published

on

President Bola Ahmad Tinubu

 

Tinubu opens new account for revenue collection, shuts down Treasury Single Account

President Bola Tinubu’s government has shutdown the Single Treasury Account (TSA) used by Muhammadu Buhari’s administration for revenue collection.

The federal government has, however, directed that all ministries, departments, and agencies to remit 100 percent of their revenues into a Sub-Recurrent Account, a sub-component of the Consolidated Revenue Fund (CRF).

The CRF is the new account where the Tinubu administration will now receive and consolidate its revenue earnings.

This is according to a circular dated December 28, 2023, issued by the Ministry of Finance on Tuesday, January 2, 2024.

This directive effectively closes the single treasury account operated under the erstwhile Muhammadu Buhari administration.

News

ECOWAS Parliament to hold Second Extraordinary Session in Kano

Published

on

 

All arrangements have been concluded for the Second Extraordinary Session of the Sixth Legislature of the Parliament of the Economic Community of West African States (ECOWAS) to be held in Kano, Nigeria.

The Second Extraordinary Session, according to the ECOWAS Parliament, will be held at the Bristol Hotel in Kano, the Commercial Centre of the country, between the 20th and 25th May, 2024.

President of the Federal Republic of Nigeria and Chairman of ECOWAS Authority of Heads of State and Government, Bola Ahmed Tinubu, attended the inaugural session of the Sixth Legislature of the ECOWAS Parliament held on April 4, this year.

The Deputy President of the Senate of the Federal Republic of Nigeria, Senator Barau I Jibrin, emerged as the First Deputy Speaker of the assembly during the inauguration.

The event, according to a statement by the Special Adviser to the Deputy President of the Senate on Media and Publicity, Ismail Mudashir, will attract parliamentarians from Nigeria, Benin Republic, Burkina Faso, Cape Verde, Cote D’ Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Senegal, Sierra Leone and Republic of Togo.

The ECOWAS Parliament, also known as the Community Parliament, is one of the institutions of the ECOWAS. It is the Assembly of Peoples of the Community, serving as a forum of dialogue, consultation and consensus for representatives of the people of West Africa to promote integration.

In a statement signed by special adviser to Senate President on Media and publicity Ismail Mudassir said the ECOWAS Parliament which was established under Articles 6 and 13 of the ECOWAS revised treaty of 1993, is composed of 115 seats.

 

Continue Reading

News

Breaking: Man Sets Mosque Ablaze During Subhi Prayers

Published

on

A disturbing incident unfolded in Laraba Abasawa, Gezawa Local Government Area of Kano State as an unidentified man set fire to a mosque during the early hours of Wednesday morning.

The arson attack occurred while worshippers were observing the ‘Subh’ prayer, resulting in harm to members of the community.

According to reports from the Daily Trust, the assailant used petrol to ignite the fire, trapping approximately 40 worshippers inside the mosque. The perpetrator then locked the mosque, exacerbating the situation and hindering the victims’ escape.

A member of the community, who preferred to remain anonymous, recounted the harrowing ordeal, stating that it took some time for people outside to become aware of the incident and rescue those trapped inside. Eventually, bystanders managed to break open the mosque’s doors and rescue the worshippers.

Tragically, at least 20 worshippers sustained serious injuries in the attack and were promptly rushed to the Murtala Muhammad Specialist Hospital in Kano for medical treatment.

This reprehensible act of violence against worshippers has shocked the community and raised concerns about the safety and security of religious institutions in the region.

Authorities are expected to conduct a thorough investigation into the incident and apprehend the perpetrator to ensure justice is served and prevent similar incidents in the future.

Daily Trust

Continue Reading

News

Rep. Bichi Hails President Tinubu For Approving 238 Billion Naira Kano Northern Bypass Construction

Published

on

Rep Kabiru Abubakar Bichi

 

President Bola Ahmed Tinubu GCFR has approved the construction of the Kano Northern Bypass, marking a significant step towards enhancing the state’s infrastructure. The approval came during a session of the Federal Executive Council held on Tuesday, May 14, 2024.

The ambitious project, estimated to cost N238 billion ($580 million), promises to revolutionize transportation and commerce in Kano, positioning it as a key hub not only within northern Nigeria but across West Africa. The bypass is hailed as a long-awaited solution to traffic congestion and logistical challenges, expected to streamline the movement of goods and services.

Hon. Abubakar Kabir Abubakar, Member of the Bichi Federal Constituency and Chairman of the House Committee on Appropriations, expressed elation at the presidential nod for the project. He emphasized its potential to catalyze economic growth by facilitating the establishment of industrial clusters and generating employment opportunities for Kano’s burgeoning population.

The decision underscores President Tinubu’s commitment to prioritizing critical infrastructure development as a catalyst for socio-economic transformation. Acknowledging the significance of the investment, Hon. Abubakar extended gratitude to the president, voicing support from the people of Kano State.

In a statement of gratitude, he offered prayers for President Tinubu’s continued wisdom, health, and leadership, echoing the sentiment that under his guidance, the nation would ascend to greater heights.

The approval of the Kano Northern Bypass marks a milestone in Nigeria’s infrastructure development, promising tangible benefits for the region’s residents and businesses while signaling a broader commitment to national progress.

Continue Reading

Trending