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PDP: OGSIEC plotting to shut us out of Ogun council poll
The Ogun chapter of Peoples Democratic Party has accused the Chairman of the State Independent Electoral Commission, OGSIEC, Barr. Babatunde Osibodu, of meddling in the affairs of the party. Alh Sikirulai Ogundele, Ogun chairman of PDP said this during a press conference at the Ogun NUJ Secretariat, Okelewo, Abeokuta. Ogundele who was accompanied by some aggrieved members of the party, said there was a renewed calculated attempt by OGSIEC to keep meddling in the affairs of the party by deliberately obstructing the cause of justice as far as PDP’s participation in the forthcoming LG election is concerned. He said this was in spite of the fact that that the party had gone through a phase of robust reconciliation of all interests while verifiable documents have been submitted to properly guid...
Aston Villa set to break transfer record with Emi Buendia signing
Aston Villa are set to break their transfer record for the third consecutive summer window after agreeing a £30,000,000 initial fee with Norwich City for Emi Buendia. The transfer will include a number of add-ons and a sell-on fee should the Argentina international move on from Villa Park in the future. It is thought that the deal offered by Aston Villa was too good to refuse, with the deal set to potentially rise to £40,000,000 in the future. It marks a huge profit for Norwich City, who signed Buendia for £1,500,000 from Spanish side Getafe. It is thought that Emi Buendia has agreed personal terms today whilst away with the Argentina national team, while also completing his medical. When the transfer is set to be officially announced remains to be seen, but it is a sign of Aston Villa’s c...
Senate committee gets 14 days to process President Buhari’s N2.343 trillion loan request
The Nigerian Senate has given its Committee on Foreign and Local Debts 14 days within which to process President Muhammadu Buhari’s request for a fresh ₦2.343 trillion ($6.183 billion) for approval. Senate President Ahmad Lawan gave the directive at the commencement of Tuesday’s plenary session shortly after the Senate Majority leader, Yahaya Abdullahi, drew the attention of the Senate to the pending request. The Senator Clifford Ordia-led Committee on Foreign and Local debt had approved a total of $28 billion so far. The current request will take the total loan approved to $35.683 billion. Buhari had urged the Senate to approve N2.3 trillion ($6.183 billion) external borrowing. He said the loan was to finance the 2021 budget deficit of N5.6 trillion. The President indicated that the loan ...
Rivers governor: Why I shun building more state universities
Governor Nyesom Wike on Monday said he was apathetic to establishment of more Rivers State owned universities because of the enormous challenge of adequately funding such institutions to effectively meet set development objects. Wike at the flag off of Emohua Campus of the Rivers State University (RSU) in Emohua Local Government Area said he was rather concerned about committing more funds to state’s existing varsities so they can offer needed holistic grooming for requisite man power for the country. However, a dissenting voice, Enefaa Georgewill of Rivers State Civil Society Organisation (RIVSCO) accused Wike of “expressing hypocrisy” in his disposition on ground that RSU multi campuses the state has embarked on under Wike amounted to building more varsities in disguise. Wike had stated,...
Presidency: One million Nigerians benefitting from survival fund
The Presidency yesterday said that over one million Nigerians have so far benefitted from the Survival Fund scheme under the Federal Government’s Economic Sustainability Plan (ESP). The Presidency said there are 500,000 beneficiaries from the MSMEs Payroll support track, 44,500 under the one-off General MSME Grant, and another 265,425 under the artisan support track, among others. Recall that payment to new beneficiaries of the Payroll Support track and the one-time General MSME Grant had commenced at the end of April. A statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr Laolu Akande, in Abuja last night explained that so far, under the ESP there are currently over one million beneficiaries nationwide from the various schemes...
House displeased with EFCC over delay in disposal of recovered N46 billion from ex-oil minister
The House of Representatives has expressed displeasure with the Economic and Financial Crimes Commission (EFCC) over the delay in disposing of the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. The Chairman of the Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, Hon. Adejoro Adeogun, expressed his displeasure on Friday when the Chairman of the EFCC, Mr. Abdulrasheed Bawa, appeared before the committee. The chairman of the committee opined that it was not ideal to continue keeping such recoveries as they were losing value over time. He said: “Given the financial situation of Nigeria, sho...
House invites CBN governor on recovered loots
The House of Representatives ad hoc committee investigating the assessment and status of recovered loots has invited the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to appear before it. The Chairman of the committee, Rep. Adeogun Adejoro, who extended the invitation on Thursday in Abuja said that it was necessary for the committee to know the number of recovered loots and where they were being kept. The Minister of Finance, Hajia Zainab Ahmed had told the committee that she had no idea of the number of accounts being used to keep the recovered loot. She, however, said that the ministry had a record of what had been recovered and the amount that had come into the account. She stated that N50 billion was provided from recovered loot to fund the 2020 budget, adding that the...
SERAP urges President Buhari to tell Nigerians spending plan for James Ibori loot, others
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently direct Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to disclose spending details of the $700 million looted funds reportedly recovered by the Federal Government in the past four years, including the list and location of projects completed with the money, as well as details of the contractors that executed the projects.” SERAP also urged him to “direct Mrs Ahmed to disclose how the government plans to spend the returned £4.2m Ibori loot, including details of planned capital expenditure, and whether there is any plan to ensure that the money and any future returned Ibori loot would be spent to achieve justice and effective remedies for victims of corruption in...
CISLAC raises concerns over Nigeria’s debt profile, coronavirus accountability
The Civil Society Legislative Advocacy Centre (CISLAC), has expressed concerns over $2.18 billion foreign loan request to the Nigerian Senate to fund the 2021 Appropriations Act, by President Muhammadu Buhari. It has therefore urged the National Assembly to insist on an analysis of debt repayment strategy to be in place as its key priority to approvals. In a statement by Executive Director, CISLAC and Head of Transparency International – Nigeria, Auwal Ibrahim Musa Rafsanjani, he said national public finance management regime is meant to save the nation’s economic system from collapse: rescuing jobs, supporting livelihoods and bailing out many businesses on the brink. He warned the government to avoid the catastrophe that the international finance institutions forced on Greece: destroying ...
President Buhari seeks Senate’s approval to borrow $6.18 billion
President Muhammadu Buhari has sought the approval of the Senate to borrow $6.18 billion external loan to finance this year’s N5.6 trillion budget deficit. The president’s request is contained in a letter addressed to the President of the Senate, Dr Ahmad Lawan, and read by Lawan at Tuesday’s plenary. President Buhari said the proposed loan, which is equivalent of N2.3 trillion, is to finance the 2021 budget deficit of N5.6 trillion. According to the president, sourcing the loan will enable the federal government to fund critical infrastructural projects in transportation, health and education, among other sectors. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you b...
Ondo NUJ tasks Immigration Service on insecurity, passport
File Photo The Nigeria Union of Journalists (NUJ), Ondo State Council, has appealed to the Federal Government to adequately fund the Nigeria Immigration Service (NIS) to boost its performance. The union said that the funding would enable the agency to fully perform its primary responsibilities of providing internal security as well as to overcome challenges of issuing passports to citizens. The NUJ Chairman, Mr Adetona Aderoboye, made the appeal when he led members of the union executive council on a courtesy visit to the state Conptroller of NIS, Ibong Osato Aideyan, at her office on Wednesday in Akure. “In view of the current security challenges facing the nation, it has become expedient for the federal government to give adequate backing to the agency. “It is for it to be able to proper...
Nigerian government grants approval for $2.9 billion Escravos seaport
The Federal Government has granted approval for the establishment of the Escravos Seaport Industrial Complex, ESIC, to Mercury Marine Concession Company, MMCC. The proposed $2.9 billion project is majorly designed to boost economic/national development of Nigeria particularly, Delta State.Chairman, Chief Executive of the firm, Rear-Admiral Andrew Okoji, who confirmed the approval, weekend, said the Federal Ministry of Transport has directed the firm to pay N1 billion, apparently to express its interest. He said: ‘‘It is going to be a lease for about 50 years, the investment for the port is coming from abroad. “We have gotten provisional approval from the Federal Government through the Federal Ministry of Transportation, as they have told us to lodge in $1 billion as evidence of capacity to...
