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    Abubakar Badaru resigns as minister of defence

    Abubakar Badaru resigns as minister of defence

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    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

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    President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

    FG Closes 41 Unity Schools Amid Bandit Attacks

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    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

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    Gunmen abduct unidentified man in Anambra state

    Gunmen Storm St. Mary’s Catholic School Niger State, Abduct Unknown Number of Pupils and Teachers

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

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    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

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    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

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    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    Ekiti State Government sales stake in Wema Bank Plc

    First HoldCo Completes 100% Sale of FBNQuest Merchant Bank to EverQuest

    Eterna Plc proposes Rights Issue at ₦22. 00 per share

    Eterna Plc proposes Rights Issue at ₦22. 00 per share

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

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    Delisting of Access Bank Plc and listing of Access Holdings Plc

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    FY 2020: Fidelity Bank Plc reports decline in both gross earnings and profit

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    Greif Nigeria Plc nears final stage of its voluntary liquidation process

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    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

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    Abubakar Badaru resigns as minister of defence

    Abubakar Badaru resigns as minister of defence

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

    Policeman kill driver over N100 bribe in Anambra

    President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

    FG Closes 41 Unity Schools Amid Bandit Attacks

    FG Closes 41 Unity Schools Amid Bandit Attacks

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Gunmen abduct unidentified man in Anambra state

    Gunmen Storm St. Mary’s Catholic School Niger State, Abduct Unknown Number of Pupils and Teachers

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Federal High Court sentences Nnamdi Kanu to Life imprisonment

    Kanu says entering a defense is pointless, “no valid charges against me”

    Federal High Court Convicts Nnamdi Kanu of Terrorism

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Physically Removed from Court After Outbursts as Judge Reads Terrorism Verdict

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    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

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    Lasaco Assurance Plc announces delay in share reconstruction

    Lasaco Assurance Plans Major Capital Raise — Shareholders to Decide on December 9

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Announces Total Voting Rights

    NNPC releases retail prices of Dangote petrol nationwide,  says it bought at $0.52/L

    NNPCL Posts ₦5.07tn Revenue, ₦447bn Profit Even as Production Hits 10-Month Low

    Ekiti State Government sales stake in Wema Bank Plc

    First HoldCo Completes 100% Sale of FBNQuest Merchant Bank to EverQuest

    Eterna Plc proposes Rights Issue at ₦22. 00 per share

    Eterna Plc proposes Rights Issue at ₦22. 00 per share

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    Access Holdings Announces Extraordinary General Meeting to Approve ₦40bn Private Placement

    Presco Plc Clarifies Secure Land Rights for Ologbo Estate After False Revocation Report

    Presco Plc Clarifies Secure Land Rights for Ologbo Estate After False Revocation Report

    FY 2020: Fidelity Bank Plc reports decline in both gross earnings and profit

    Fidelity Bank Plc Gross Earnings Cross ₦1.1 Trillion, Profit drops to ₦211.7bn in Q3 2025

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    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

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    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

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    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

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$1.4 billion Stimulus Checks sent to dead people in the U.S

As of May 31 2020, the Internal Revenue Service (IRS) and the Treasury has disbursed 160.4 million payments worth $269.3 billion to taxpayers

Thursday, 25 June 2020, 8:38 pm
in News, World
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$1.4 billion Stimulus Checks sent to dead people in the U.S
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Over 1 million stimulus checks worth, $1.4 billion has been sent to deceased people in the United States, according to data released on Thursday by the Government Accountability Office (GAO).

As of May 31 2020, the Internal Revenue Service (IRS) and the Treasury has disbursed 160.4 million payments worth $269.3 billion to taxpayers.

According to the report by GAO, as of April 30, almost 1.1 million payments totaling nearly $1.4 billion had gone to the deceased.

In response to the national public health and economic threats caused by COVID-19 in the U.S, four relief laws were enacted as of June 2020, including the CARES Act, in March 2020.

These laws have appropriated $2.6 trillion across the government in six areas—Paycheck Protection Program (PPP); Economic Stabilization and Assistance to Distressed Sectors; unemployment insurance; economic impact payments; Public Health and Social Services Emergency Fund; and Coronavirus Relief Fund.

The CARES Act includes a provision for GAO to report bimonthly on its ongoing monitoring and oversight efforts related to the COVID-19 pandemic.

Read also; Manufacturing and Non-manufacturing sectors PMI contract in June – CBN

This finding is part of the GAO initial report, which examines key actions the federal government has taken to address the COVID-19 pandemic and evolving lessons learned relevant to the nation’s response to pandemics, among other things.

According to GAO, the reason behind the payment to the deceased is because the arm of the treasury department that issued the stimulus payments checks does not have access to data of the decedents, although the IRS has access to the Social Security Administration’s death records.

Thus, GAO recommended that Congress should give the Treasury Department access to the deceased data.

It also recommended that Internal Revenue Service (IRS) should consider cost-effective options for notifying ineligible recipients how to return payments. IRS agreed with the recommendation.

Have you read; U.S Federal Debt Tops $26 Trillion; Over 100% of GDP

The IRS had in May in its new guidance said that a “payment made to someone who died before receipt of the payment should be returned” and it also provided instructions on how to send back checks that were received in error.

Written by;

Ifunanya Ikueze

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