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Thursday, October 15, 2026
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    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

    FG refunds Nassarawa, Kebbi 24BN for airports

    Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

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    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    President Bola Tinubu names Military Barrack after self in Abuja

    President Tinubu Declares Three-Day National Mourning for Air Force Personnel Killed in Ondo Plane Cras

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

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    SEC Nigeria to introduce tax incentive backed National Savings Scheme

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    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

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    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

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    Dangote Refinery posts $4.7bn nine-month profit, reversing two years of losses

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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote Refinery IPO Enters Final Week as ₦525 Offer Closes October 13

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    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

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    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Ondo State Governor Orders Fumigation of Igbokoda River Over Stench Odour from NAF Crash Site

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    FG refunds Nassarawa, Kebbi 24BN for airports

    Full List of Tinubu’s Presidential Campaign Council as Soludo, Wike, Adeleke Join

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    DSS Witness Tells Court El-Rufai Associates Set Aside $600,000 to Stop EFCC Probe

    Shell Confirms Ongoing Exit from South Africa

    Shell Exits Nigeria’s Domestic Gas Distribution, Sells SNG to Vaaris Energy

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    Newly Sworn-In Vice-Chancellor Dies Just a Day After Taking Office

    President Bola Tinubu names Military Barrack after self in Abuja

    President Tinubu Declares Three-Day National Mourning for Air Force Personnel Killed in Ondo Plane Cras

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

    JAMB Plans UTME Centre in Ottawa, Canada, from 2027

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    • World
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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

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    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Kenyan Court Clears Way for Dangote’s $16 Billion Lamu Refinery

    Shell Confirms Ongoing Exit from South Africa

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    Dangote Refinery Extends IPO Deadline to Oct 27

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    Zenith Bank Plc declares ₦1.50 interim dividend for H1 2026 as pre-tax profit rises 1.9% to ₦637.60 billion

    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote Refinery IPO Enters Final Week as ₦525 Offer Closes October 13

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    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

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    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

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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

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    Security features of the new naira notes revealed by the CBN

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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

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

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

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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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