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    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

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    • Nigeria
    • Africa
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    • All
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    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

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    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

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    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

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    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

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    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

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    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

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    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

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Satellite town residents want tank farms N715.5m CSR projects audited

Tuesday, 5 January 2021, 8:22 am
in News, Nigeria
0
Satellite town residents want tank farms N715.5m CSR projects audited
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The Residents of Satellite town and its environs have called for a forensic audit of the N715.5 million Corporate Social Responsibility, CSR projects by operators of tank farms to ascertain if such amount was committed into CSR projects in the area.

The Tank Farm Owners Association, TFOA through its Secretary, Essiet Essiet, had alleged that the amount was spent on infrastructure for the community.

The Chairman of Satellite Town Forum, STF, Governor Imitini, said that all the claims are false as they have not benefited from the maintenance of any of the listed infrastructure according to Vanguard.

The lists are – the sum of N500.3 million was used for the rehabilitation of entire stretch of Marwa Road and reconstruction of Pioneer Road, the extension of the scope of work to cover old Ojo Road from Fin-Niger to Dantata Bus Stop at an additional cost of N70 million, grading of Folarin Road and construction of curvets at the cost of N1.8 million, N15 million was spent for palliative work on Marwa Road between 2015 and 2019 and N64.2 million on another access road.

Read: NSE Growth Board: Benefits for SMEs and how to list on the Board

In late December, following complaints from the residents on their safety, Members of the House of Representatives’ ad hoc committee on the Need to Relocate Tank Farms from Residential Areas, took a three-day tour to inspected tank farms in Apapa Jetty, Ibru Jetty, Kirikiri, Satellite Town, Ijegun areas, among others, oil facilities located in Lagos State.

The expressed dissatisfaction on varying levels of infractions and non-compliance discovered in some facilities.

The committee, led by Princess Mariam Onuoha (Isiala Mbano/ Onuimo/ Okigwe Federal constituency) Imo State,  tasked the tank farm owners to operate under the regulatory requirements and approvals.

By: Ifunanya Ikueze

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