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Tag Archives: MDAs

NDIC says N2.54bn MDAs, LGs’ funds are trapped in 47 failed banks

NDIC says N2.54bn MDAs, LGs’ funds are trapped in 47 failed banks

The Nigeria Deposit Insurance Corporation, NDIC, has made it known that more than N2.54 billion belonging to some local governments and Ministries, Departments and Agencies (MDAs) of the federal and state governments are trapped in 47 banks in-liquidation, without the affected parties filing proof of claims for insured deposits and liquidation dividends. Vanguard reports that the sum was broken down as ...

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FG to Relocate MDAs Into Recovered Looted Properties

Ikoyi apartment

The Minister of Finance said the Federal Government plans to relocate some of its Ministries, Agencies and Departments (MDA) into some recovered looted properties. Mrs. Kemi Adeosun said this on Friday in Abuja while briefing newsmen after the Steering Committee of the Efficiency Unit meeting. The News Agency of Nigeria (NAN) recalls that the country’s anti-graft agencies had over the ...

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FMBN & FHA to Sign MOU on National Housing Schemes

FMBN & FHA to Sign MOU on National Housing Schemes

The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) have agreed to sign an Memoradum of Understanding (MOU) to meet the President Muhammadu Buhari’s annual target of delivering one million housing units.   The institutions also agreed to jointly explore opportunities for housing delivery through a number of on-going housing schemes such as the Accelerated Housing ...

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MDGs Projects – Lands, Housing contractors protest Non-payment

Contractors handling Millennium Development Goals (MDGs) projects at the Federal Ministry of Lands, Housing and Urban Development blocked the entrance gate to the headquarters of the ministry at Mabuchi, Abuja, preventing vehicles and staff from going in and out of the office and demanding the payment of the arrears of the 2012, 2013 and 2014 contract sums of completed projects ...

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