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.
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).
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.
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.