ADEOSUN HOLDS FIRST FACEBOOK LIVE SESSION: ASSURES CONTINUITY OF ‘YOUWIN’ PROGRAMME
The Minister of Finance, Mrs Kemi Adeosun, held her first-ever Facebook Live session on Tuesday, April 4, 2017. The 23-minute event, filmed at the Ministry of Finance headquarters in Abuja, and broadcast live through her Facebook page, reached an audience of more than 130,000 persons within the first hour. Read More»
MINISTER OF FINANCE CLARIFIES ACTIONS TAKEN ON ALLEGED FRAUD IN YOUWIN PROGRAMME
The attention of the management of the Federal Ministry of Finance has been drawn to a story in The Punch newspaper of Tuesday, March 28, 2017 entitled, “Probe Uncovers Massive Fraud in YouWin Programme.” Read More»
FG EXTENDS TENURE OF 2016 BUDGET CAPITAL ELEMENTS
The Accountant-General of the Federation, Alhaji Idris Ahmed has issued a Circular extending the tenure of the Capital elements of the 2016 Budget until May 5, 2017 or the passage of the 2017 Budget, whichever is the earliest, Minister of Finance, Mrs. Kemi Adeosun has announced. Federal Ministries, Departments and Agencies are hereby urged to take note of the content of the Circular.
FINANCE MINISTRY UNVEILS MANAGEMENT AND BOARD MEMBERS OF DBN
The Federal Ministry of Finance on Thursday, announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN). The Management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Read More »
NIGERIA PRICED ITS US500 MILLION NOTES AT A YIELD OF 7.5 PERCENT
Announcement of pricing of US$500 million notes by the Federal Republic of Nigeria under its US$1.5 billion Global Medium Term Note programme to be consolidated and form a single series with the Federal Republic of Nigeria’s existing US$1,000,000,000 Notes due 2032. Read More »
CBN APPROVES LICENCE FOR DBN
The Central bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. Read More »
2016 BUDGET: CAPITAL RELEASES TO MDAS REACH THE N1TRILLION MARK
Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases in Nigeria’s annual funding for capital projects, Minister of Finance, Mrs. Kemi Adeosun has revealed. Read More »
FG, STATES, LGs SHARE N429.127 BILLION AS FEBRUARY 2017 ALLOCATION
The Federal Government, States and Local Government Councils have shared a total of N429.127 billion federal revenue generated for the month of February 2017. The N429.127 billion was lower than the N465.149 shared in January by N36.022 billion. Read More »
ADEOSUN CLARIFIES PARIS CLUB REFUND
The Minister of Finance has deemed it necessary to address the issue of Paris Club Refunds and wishes to assure the public that the Federal Government has consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to State Governments. Read More »
APPROVAL OF THE REVISED NATIONAL TAX POLICY BY THE FEDERAL EXECUTIVE COUNCIL
OPEN DATA FOR AFRICA INITIATIVE
Link to Open Data For Africa Initiative External
- Written by Administrator2
Federal Ministry of Finance Mail and 419 Disclaimer
We receive several emails and other correspondences bordering on Advance Fee Fraud also known as 419 on a daily basis. 419 is a menace to the Federal Ministry of Finance. Scams are carried out by fraudulent people who plan to defraud gullible respondents.
- often contact you by unsolicited bulk mail, spam email but will eventually start calling by phone as soon as you give them your details
- claim to have a lot of money stashed away in a Nigerian (African) account but there are several other variants - Inheritance, Wills, Next of kin, Contract claims and recently, Lotteries
- often need someone to help them transfer it out of the country with a view to sharing the said sum with them.
- assure you it’s a risk free deal and encourage you to send them your personal details.
- often lead you on by sending falsified paper work to support what they claim. They often include id cards, passports, faxes, memos, approvals, funds release certificates, fake cheques, fake Nigeria National Petroleum Corporation (NNPC) letter of contract award, agreements, inheritances, fake Federal Ministry of Finance letter head, fake Federal Ministry of Finance stamps, fake CBN letter head, fake NNPC and CBN official stamps, etc.
- often use yahoo.com (and other free email providers) e-mail address as a medium of communication and not the government approved Nigerian top domain names - i.e. .gov.ng.
- often mimic Federal Ministry of Finance, Nigeria domain email accounts and other Financial Institutions to mislead ATM users.
- Some organized scammers often have a fake Federal Ministry of Finance, Nigeria website where they post fake documents to support their claims.
- Their preferred means of transferring money is by Money Gram and Western Union Money Transfer. They will never transfer via secure means like – Swift Code.
- Almost every scam is done with the name of a fake Federal Ministry of Finance staff or post or position.
* Please confirm all business propositions mailed to you with the Nigerian Embassy in your country or the Director, Legal Services of the Federal Ministry of Finance.
Though the Federal Ministry of Finance maintains a fraud helpdesk in her Legal Services Division, the Federal Ministry of Finance may not be obliged to respond to any e-mails in the above scenarios.