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Showing posts with the label Public Finance

EFCC Arraigns Ex-Minister Stella Oduah for N2.4Bn Fraud

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The Nigerian political sphere is once again gripped by a high-profile corruption case as the Economic and Financial Crimes Commission (EFCC) has officially arraigned Stella Oduah, a former Minister of Aviation and former Senator, before an Abuja High Court . The charges, stemming from an alleged N2.4 billion fraud, signal a continued, albeit often protracted, governmental effort to combat entrenched corruption within its public service. Ms. Oduah, alongside Gloria Odita , faces a five-count charge encompassing obtaining by false pretence, criminal breach of trust , and conspiracy. This development underscores the persistent challenges Nigeria faces in governance and accountability, sending a clear message regarding the EFCC's mandate to pursue alleged financial malfeasance at the highest levels of government.  Continue Reading .  Tracing the Path to Arraignment This arraignment is not an isolated incident but rather the culmination of years of investigation and public scrutin...

Nigeria's Revenue Centralisation: A Digital Leap Towards Fiscal Integrity

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  Nigeria has embarked on its most ambitious public finance reform in over a decade, launching a unified revenue platform designed to centralise and digitalise the collection, monitoring, and reconciliation of federal funds. This sweeping overhaul, anchored by the Office of the Accountant General of the Federation (OAGF) through a series of circulars issued between November 24 and 27, marks a decisive pivot towards cashless transactions , automated audit trails , and real-time visibility of federal revenue . With January 1, 2026 , set as the mandatory go-live date for digital receipts, this initiative, championed by Minister of Finance Wale Edun , aims to seal revenue leakages, combat corruption, and stabilise the nation's often-volatile public finances. Read more This paradigm shift, spearheaded by the new Revenue Optimisation Platform (RevOp), promises to reshape Nigeria's economic governance landscape by integrating key financial infrastructure, including the Treasury Sin...