GHOST WORKER ELIMINATION: FEDERAL GOVERNMENT USES BVN TO SANITIZE PAYROLL

The Federal Ministry of Finance has announced the successful completion of a pilot programme which uses Bank Verification Number (BVN) details to check for ghost workers and identify duplicate and other irregular entries on the payroll. The Bank Verification Number is a number that uniquely identifies each bank’s customer for “know your customer” (KYC) purposes.  

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FG MOVES TO CONTROL SPENDING IN MDAs

The Minister of Finance, Mrs Kemi Adeosun, has issued a circular on guidelines regarding budgeting, revenue and expenditure aimed at ensuring that MDAs remit revenue and generate operating surpluses which by law ought to be credited Consolidated Revenue Fund (CRF).

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FG, STATES AND LGs SHARE N511.799 BILLION FOR JULY 2015

FG, STATES AND LGs SHARE N511.799 BILLION FORJULY 2015The three tiers of Government in the country have shared a total of N511.799 billion Federal Revenue for the month of JULY 2015. 

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FG, STATES AND LGs SHARE N473.832 BILLION OCTOBER 2015 REVENUE

The Federal Government, States and Local Government Councils in the country have shared a total of N473.832 billion, being amount generated in the month of October 2015, but distributed in November 2015. This amount is higher than the N 389.936 billion generated in September 2015, shared in October 2015.

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DISCLAIMER NOTICE

 

 

It has come to our notice that certain person(s) have been impersonating Mr. Okpo Moses Chimereze, the Director Finance & Accounts of the above named Ministry, to perpetrate scams through the internet.   

 

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