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James Ibori loot: Delta asks federal government to return recovered fund to state

Delta State Government on Tuesday reacted to receipt by the Nigerian government of the £4.2 million first tranche of the Ibori loot from the goverment of the United Kingdom. The state government restated its earlier stand that since the returned money was illegally taken out of Delta’s Treasury, it should appropriately be returned to Delta State. This is coming on the dissolution, on Tuesday, of the Delta State Executive Council (EXCO) with Governor Ifeanyi Okowa asking the Secretary to State Government (SSG), all civil commissioners and the governor’s aides to surrender all vital government documents and property to their respective permanent secretaries in the ministries, departments and agencies. The outgoing state commissioner for information, Mr Charles Aniagwu, reiterated the positio...

Central bank chief to engage governors on pension funds utilization for infrastructure

Bloomberg Mr Godwin Emefiele, the Central Bank Governor, will tomorrow Wednesday, 2nd December 2020, meet with Governors of the 36 states, under the aegis of Nigerian Governors’ Forum, to discuss how to access Pension Funds for Infrastructure Development in the country. Abdulrazaque Bello-Barkindo, Head, Media and Public Affairs of NGF, made this known in a statement made available to newsmen on Monday. According to Bello-Barkindo, the forum will be the 22nd NGF Teleconference meeting which would also seek to evolve a new national security order that will ensure safety of lives and property nationwide. “As part of the effort, beginning at the subnational level, the Forum will be receiving zonal updates on SARS and Internal security at its Wednesday meeting. “Similarly, the Forum will also ...