Secret Reporters The day was bright in the Federal Ministry of Finance office in Abuja. The then Minister, Kemi Adeosun, unsure what to do, picked her pen and wrote a memo to the now suspended Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele. This memo will later lead to Nigeria losing N936.1 million to […]
Read MoreSecrets Reporters In what appears to be a looting conduit, data in possession of SecretsReporters have shown that at least three successive Delta State Governments have splashed over half a billion Naira on the construction of a swimming pool in Oghara, a town located in Ethiope West Local Government Area of Delta State. According to […]
Read MoreAcross the Africa continent flies Ecobank Nigeria, courtesy of it being under Ecobank Transnational Incorporated, being the parent company of Ecobank Group..
Read MoreSecrets Reporters A comprehensive list of the 63 Government-Owned Enterprises (GOEs) reveals significant revenue projections, expenditures, and remittances to the federal government for the year 2024. Among these entities are prominent organizations such as the Administrative Staff College of Nigeria, Corporate Affairs Commission, Federal Road Safety Corps, National Health Insurance Scheme, Nigerian Customs Service, and […]
Read MoreSecrets Reporters The Delta State Government, under the leadership of Governor Sheriff Oborevwori, has earmarked a staggering N4,000,000,000 for the development of the Warri Stadium, raising eyebrows and questions about the exorbitant increase from last year’s allocation for the same project. This development is contained in the 2024 appropriation bill, which is the Sheriff’s first […]
Read MoreSecrets Reporters In what looks like a bogus expenditure, the Federal Airport Authority of Nigeria (FAAN) has proposed to spend the sum of N17,999,999,998.00 on utility services in 2024. The information was contained in the 48 Government Owned Enterprises (GOE) budget document. The GOEs are government-owned establishments involved in commercial activities. Due to the financial […]
Read MoreSecrets Reporters The Corporate Affairs Commission (CAC) has outlined plans to contribute N28,518,447,500.00 to the federal government’s revenue in the current year. As one of the 48 Government-Owned Enterprises (GOEs), collectively aiming to generate N2.9 trillion in internally generated revenue for the 2024 fiscal year, CAC allocated a projected expenditure of N14,259,223,750.00. GOEs are entities […]
Read MoreSecrets Reporters It has been a common practice for public servants to involve themselves in contract racketeering to enrich themselves and their cronies in their circle, which is against the Code of Conduct Bureau Act, which stipulates those public officers, unless not employed full-time, are prohibited from managing or participating in any private business ventures […]
Read MoreSecret Reporters The expectation has always been that those who enforce the law should not be found wanting in breaking the law. But the reverse seems to be the case in Nigeria as Basil Igwebuike, a decorated senior officer of the Nigerian Security and Civil Defence Corp (NSCDC), has been found guilty of breaking the […]
Read MoreSecrets Reporters In stark contrast to last year’s budget, the Delta State Secretary to the State Government (SSG), Kingsley Emu, has proposed an astronomical increase in expenditure for minor works and operational vehicles. According to details embedded in the 2024 appropriation bill, Delta State, already grappling with economic challenges and pressing issues, now finds itself […]
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