ICAN VISITS ADEOSUN, DECLARES SUPPORT FOR PUBLIC FINANCE REFORMS
The ongoing reforms in the nation’s public finance sector received a boost on Thursday when the Institute of Chartered Accountants of Nigeria (ICAN) endorsed the measures being undertaken and passed a vote of confidence in the Minister of Finance, Mrs. Kemi Adeosun, during a courtesy visit to the Ministry of Finance in Abuja.
CUSTOMS RELEASES NEW GUIDELINES ON DISPOSAL OF SEIZED, OVERTIME GOODS
The Nigeria Customs Service (NCS) has approved a new procedure for the disposal of seized and overtime goods in its bid to address some of the perceived irregularities relating to the past procedure including fake online auctions.
Consequently the NCS confirmed that it is setting up four different committees to handle the disposal of these categories of goods. The committees include an Assessment Committee, Disposal Committee, Seizure Committee and Overtime Committee.
EFFICIENCY UNIT IS ABOUT ACHIEVING MORE FROM GOVERNMENT SPENDING BY ELIMINATING WASTES AND INEFFICIENCIES’ -
The newly established Efficiency Unit in the Federal Ministry of Finance is a comprehensive public sector reform initiative whose mandate goes beyond merely regulating government procurement processes.
FINANCE MINISTER INAUGURATES INSURANCE (CONSOLIDATED) BILL REVIEW COMMITTEE
As part of ongoing efforts by the Federal Government to reposition the insurance industry and make it play a more critical role in the nation’s economy, the Minister of Finance, Mrs. Kemi Adeosun, recently in Abuja inaugurated a Committee to review the Insurance (Consolidated) Bill.