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Before the novel coronavirus pandemic hit the globe, Nigeria spent 42 per cent of her earnings on debt servicing. We have arrived at a new reality today: even if we devote 100 per cent of our income to rebuilding our economy, it still will not be enough.
The chairman of the forum of governors elected on the platform of Nigeria’s ruling All Progressives Congress (APC), Atiku Bagudu, and a senator representing Enugu west senatorial district, Ike Ekweremadu, are among serving political office holders named to be part of 334 prominent Nigerians who are linked to 800 properties scattered around the city of Dubai, United Arab Emirates.
Shoppers threaded their way between stalls hawking everything from watches to pigs’ feet in Sierra Leone’s capital on Wednesday, two days after the government banned large gatherings to combat the coronavirus but exempted markets such as this.
The Federal Government has told the Socio-Economic Rights and Accountability Project (SERAP) that it has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.
The Federal Government has told Socio-Economic Rights and Accountability Project (SERAP) that it “has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha, and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.”
One of the big promises made by President Muhammadu Buhari in his campaign for Nigeria’s presidency is the Ajaokuta-Abuja-Kaduna-Kano (AKK) gas pipeline project.
The House of Representatives has set up an enquiry into allegations that the recently recovered $308 million Abacha loot which the Presidency said will be used to expedite work on three major infrastructures i.e. Lagos – Ibadan Expressway, Abuja – Kano Expressway and the Second Niger bridge may be diverted into private accounts, using Julius Berger, as a conduit.
The United States of America, has threatened the Federal Government of Nigeria, to ensure that the over $308million looted and laundered abroad by former Head of State, late Gen Sani Abacha, is not re-stolen in Nigeria again, otherwise, it will recover it back from Nigeria.
Socio-Economic Rights and Accountability Project has asked the Federal Government to make public the exact amount of public funds stolen by a former military head of state, Sani Abacha, and details of spending of about $5 billion recovered loot since the return of democracy in 1999
The Socio-Economic Rights and Accountability Project (SERAP) has asked the federal government to “disclose within 7 days of the receipt and/or publication of our Freedom of Information requests the exact amount of public funds stolen by a former military head of state, Sani Abacha, and details of spending of about $5 billion recovered loot since the return of democracy in 1999.”
The leader of the Pan Niger Delta Forum and elder statesman, Chief Edwin Clark, has criticised the exclusion of Niger Delta region from the infrastructural projects to be built with the $308 million loot of a former military leader, General Sanni Abacha.
The Governor of Kaduna State, Nasir El-Rufai, has revoked the Certificate of Occupancy (C of O) of the comatose Durbar Hotel believed to be owned by late Head of State General Sani Abacha, on claims of owing ground rent for 19 years.
Nigeria is set to receive around $308m seized from former military dictator Sani Abacha under a deal backed by the United States and the island of Jersey, US prosecutors said Monday.
The Federal Government says it is set to recover a fresh $321 million stolen by a former military head of state, Sani Abacha.
The Special Adviser (SA) to the President on Social Investments, Mrs Maryam Uwais, has said that the Federal Government, through the National Social Investment Office (NSIO), has been using the recovered “Abacha loot” and the International Development Association (IDA)/World Bank credit on programmes and policies that address the plight of poor and vulnerable Nigerians.
Apparently responding to critics as to how the recovered loots especially the $322million from late Gen Sani Abacha was utilized, the federal government has cleared the air on the utilization of the sleaze.
A nine-year-old pupil (name withheld) on Wednesday narrated before an Ikeja Special Offences and Domestic Violence Court in Lagos how a 40-year-old policeman, Andy Eghobamien, lured her into his apartment and defiled her on numerous occasions.
Manchester United midfielder, Juan Mata, has urged footballers across the world to do more to try and help with the fight against coronavirus.
Thousands of musicians across the country would heave a sigh of relief as the Copyright Society of Nigeria, COSON, on Tuesday, started disbursing the sum of N50 million to them to cushion the adverse effects of the ongoing coronavirus lockdown on them.
The Kano State Government said over 6,000 medical and health professionals have applied to assist the state as volunteers in the fight against the spread of coronavirus.
While Hansi Flick's side have endured a tough battle to date in their bid to win an eighth consecutive Bundesliga title, they have enjoyed better fortunes in Europe.
Vermont Senator Bernie Sanders, the oldest man in the race for White House, has announced his withdrawal.
Seven people were killed when two suicide bombers, suspected to be members of Nigeria’s Boko Haram jihadist group, attacked a village in northern Cameroon on Sunday, police and a local official said.
Cameroon and Abia Warriors Goalkeeper Charles Tambe was reportedly shot in Apata area of Ibadan, Nigeria by hoodlums on Friday morning.
Following announcement on Monday that wife of the controversial patient who died at the University of Ilorin Teaching Hospital on the 3rd of April, Alhaji Muhideen Obamomo Jimoh, has tested positive for coronavirus which implied that the deceased may have also died from the deadly disease, the management of the hospital has set up a ten-member panel headed by Prof E. O Afolayan with Mrs. O.O Olu-bolaji as secretary.
Many churches in Awka, Anambra capital witnessed a low turnout of worshippers on Sunday for the Palm Sunday service as they comply with social distancing orders by the government.
Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which has been hit by the impact of the coronavirus outbreak.