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IMF chief predicts 3-year economic hit from coronavirus
Struggling and bankrupt government have long-dreaded IMF conditions on lending, including strict limits on government outlays and privatizing assets, but while Georgieva still urges governments to “spend wisely,” the emphasis is now very much on the spending. “Spend as much as you can, and then spend a bit more for your doctors, for your nurses, for the vulnerable people in your society,” she said. The IMF is also attaching green conditions to its financial assistance and Georgieva pushes gender equality at every opportunity. “We are richer when women are equal,” she said. PLAYBOOK FOR MANAGING TEAM TRUMP While Georgieva has more leverage than any IMF leader before her — lending capacity at the D.C.-based NGO has quadrupled to $1 trillion since 2008 — she still operates within strict const...
IMF chief predicts three-year economic hit from coronavirus
Struggling and bankrupt government have long-dreaded IMF conditions on lending, including strict limits on government outlays and privatizing assets, but while Georgieva still urges governments to “spend wisely,” the emphasis is now very much on the spending. “Spend as much as you can, and then spend a bit more for your doctors, for your nurses, for the vulnerable people in your society,” she said. The IMF is also attaching green conditions to its financial assistance and Georgieva pushes gender equality at every opportunity. “We are richer when women are equal,” she said. PLAYBOOK FOR MANAGING TEAM TRUMP While Georgieva has more leverage than any IMF leader before her — lending capacity at the D.C.-based NGO has quadrupled to $1 trillion since 2008 — she still operates within strict const...
Ondo Assembly probes N4.3 billion in ‘secret account’
The Ondo State House of Assembly says it has commenced an investigation into the N4.3 billion claimed to have been recovered from an alleged secret account in a commercial bank. The Chairman of the House Committee on Public Accounts, Edamisan Ademola, told newsmen after plenary on Friday that the assembly had directed the committee to investigate the source of the secret account. Ademola said the committee had invited some government officials, including the Commissioner for Finance, Chief Wake Akinterinwa, as well as the Accountant-General and the state Auditor-General on the discovery. He said the committee was acting on the report of the Auditor-General which stated that over N4.3 billion deposited in a secret account for 10 years had been discovered. Ademola (APC-Irele) said, “The stat...
Court orders remand of two Chinese nationals who offered EFCC officer ‘N100 million bribe’
Sokoto State High Court presided over by Justice Sa’adu Sifawa on Friday ordered two Chinese to be remanded in the custody of the Economic and Financial Crimes Commission for allegedly attempting to bribe an EFCC officer with N50 million. The N50 million which is in the custody of the EFCC is said to be the first tranche of the alleged N100 million bribe offered the agency official. Mr Meng Wei Kun and Xu Kuoi were arraigned on a two-count charge bordering on conspiracy and offering bride to the commission’s zonal head. EFCC alleged the defendants offered bribe to it zonal head Abdullahi Lawal to compromise the ongoing investigation into he case against the defendants’ company Zhonghao Nigeria limited. The bribe was allegedly offered in a desperate bid to compromise ongoing investigations ...
BRT users lament shortage of buses, time spent in queues
Some users of the Bus Rapid Transit (BRT) on Friday in Lagos decried a shortage of buses being released for services since the ease of lockdown on May 4. The commuters in separate interviews at the BRT Bus Stations stated that inadequate deployment of the buses had increased the time they spent in queues. However, according to observation, it appeared the operator had withdrawn many of the buses from the roads, because of the government’s new operational guidelines restricting them to carry only 20 passengers instead of 70 per buses. Commenting, Mr. Tope Musowo, a media practitioner, told newsmen that passengers were subjected to long waiting in queue at the station, as most of the BRT high-capacity buses seemed to have disappeared. “These days, passengers are kept at Bus Stops for hours. ...
Oyo discharges 11 coronavirus patients
The Oyo State Task Force on COVID-19, on Friday, recorded a major victory in its ongoing fight against the novel Coronavirus when it discharged 11 persons after they tested negative to COVID-19 twice. A statement signed by the Chief Press Secretary to Governor Seyi Makinde, Mr. Taiwo Adisa, quoted a member of the Task Force and former Chief Medical Director of the University College Hospital (UCH), Ibadan, Professor Temitope Alonge, as saying that after the discharge of the 11 cases, the Centre now had 32 patients, and that all but one, were in stable condition. The statement added that of the 11 persons discharged at the Infectious Disease Centre, Olodo, Ibadan, three were females and eight were males. According to Alonge, eight of the discharged persons were the Northerners who came from...
Liberia withdraws corruption charges against ex-president’s son
Liberia has dropped charges against four former central bank bosses, including an ex-president’s son, in a highly publicised graft scandal over the mishandling of banknotes worth millions of dollars. Five people were indicted last year for “economic sabotage” and other crimes after a probe found that an order for cash worth some 16 billion Liberian dollars ($80.6 million, 74.6 million euros) could not be traced. Charles Sirleaf, the son of former Liberian president and Nobel laureate Ellen Johnson Sirleaf, was among the five originally indicted, as an ex-deputy governor at the central bank. But on Thursday evening, Liberia’s Justice Minister Musa Dean told a court in the capital Monrovia that he was dropping charges against Sirleaf, as well as four others. The government did not respond to...
Facebook is buying Giphy for $400 million
Facebook is buying the popular GIF-making and sharing website Giphy for $400 million, with plans to integrate the massive GIF library into Instagram and other Facebook apps. News of the deal was first reported by Axios, which revealed the $400 million value of the deal. Giphy is already one of the largest GIF sites on the internet, offering tools for creating, sharing, and remixing GIFs. Get more stories like this on Twitter
Missing girl found dead inside co-tenants vehicle
Olujoda area of Ado-Ekiti, Ekiti State capital on Friday, was thrown into mourning when the corpse of a 7-year -old girl Olagoke Morire, was found dead inside a vehicle owned by a co-tenant. It was gathered that Morire and her twin sister, Olagoke Mokore were with their cousin in their apartment before they went out to buy biscuits. The mother of the deceased Kehinde Ajayi said her daughter got missing around 1:15 pm after Mokore left her in the compound to fetch the money she forgot in the room. Ajayi said the deceased’s twin sister and her neighbors raised the alarm when she could not be found and the situation prompted them to conduct a search for the girl around the compound, which proved abortive until 8 pm when her corpse was found inside a co-tenant’s vehicle that was parked in thei...
Kano trains 350 health workers on infectious disease control
A first batch training of 350 health workers on infectious disease control has commenced in Kano in collaboration with the National Centre for Disease Control, NCDC. Kano State Governor, Dr. Abdullahi Ganduje, on Friday urged the trainees to give adequate attention to patients with other ailments, even as they are in the heat of fighting COVID-19. Ganduje who delivered an address at the opening event of the training on Friday said that his government has intensified the fight against COVID-19 and charged the health workers to reciprocate. He said training of the health workers is designed to garner enough manpower to fight Corona Virus as well as other diseases in the state. He also promised his commitment to ensuring the capacity building of health workers across the state. Ganduje called...
FCTA sets guidelines for operations in agricultural sector
The Agriculture and Rural Development Secretariat of the FCT Administration has reassured farmers of the administration’s commitment to the provision of basic support for farmers toward the attainment of food security in the territory. Malam Zakari Aliyu, Deputy Director Information of the secretariat, in a statement on Friday, said the Acting Secretary of FCTA Agriculture and Rural Development Secretariat, Mr Ibe Chukwuemeka, gave the assurance when he issued the Safety Protocols for Agricultural activities in the FCT. The secretary explained that the operational guidelines covers five key sectors which includes abattoir and slaughter slabs, Veterinary Clinics, Livestock Markets, Fish processing Facilities and agric Extension Services. He said that the administration would ensure strict s...
UN won’t vote electronically in Security Council election
The United Nations (UN) General Assembly will cast ballots in-person for five new non-permanent Security Council seats, its president said Thursday, effectively ruling out electronic voting despite the coronavirus pandemic. In a letter to UN members obtained by AFP, President Tijjani Muhammad-Bande said that voting members would be “invited to visit the venue at the designated time slot communicated to them in advance” in order to cast their ballot. Mexico and India are guaranteed a spot on the Council as the only countries in the running to represent Latin America and Asia respectively. Ireland, Norway, and Canada will compete among themselves for two more seats. Meanwhile, Kenya and Djibouti will vie for the only spot reserved for Africa. The vote is planned for June 17, but the letter s...
