The Ministry of Finance Incorporated (MoFI) on Monday explained that its take-over of the 40 per cent Federal Government shares in the Electricity Distribution Companies, DISCOS, was in line with its mandate and to ensure efficiency in running those companies, as well as raise revenue for the government. In a statement, the organisation expressed gratitude to the Bureau of Public …

President Muhammadu Buhari, on Tuesday in Abuja, approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account. President Buhari also granted the request of the Board of MOFI to charge management and transaction fees; and the inclusion of the Minister of Power in the Governing Council. The President, who conveyed the approval at the …