Loan
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 ...
Victor Moses named Player of Month in Russia
Chelsea loanee Victor Moses has been named Player of the Month of May by his Russian club Spartak Moscow. ⚽️ A very important goal⚡️ Some spectacular assists🧙♂️ Endlessly terrifying defenders@VictorMoses is your Player of the Month for May 🌟pic.twitter.com/uYrXLHpC0q — FC Spartak Moscow (@fcsm_eng) May 31, 2021 Accordong to Spartak, Victor Moses scored one of the goals that guaranteed them UEFA Champions League football next season. He also provided some assists and was generally a thorn in the flesh of opposing defences. Spartak will now trigger off a buy-up clause to sign him permanently following the end of his loan spell. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates ...
Lazio confirm Simone Inzaghi’s exit
Lazio released a terse statement confirming Simone Inzaghi ‘changed his mind’ and is heading to Inter. Inzaghi’s contract with the Aquile is due to expire on June 30 and last night he had seemingly agreed to extend it until June 2024. However, Inter came back with a new proposal to practically double the wages on offer and lead the Serie A Champions. It was reported President Claudio Lotito tried and failed to change his mind, even telling Il Messaggero this afternoon that they would announce the new contract later. Lazio finally accepted they had lost Inzaghi and released a terse statement in which they never even said his name. “We respect the change of mind of a coach and, before that, of a player who for many years tied his name to the Lazio family and the many Biancocelesti successes....
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...
Victor Moses completes Spartak Moscow permanent move
Spartak Moscow have completed the permanent signing of former Super Eagles winger Victor Moses from Chelsea. Moses spent last season on loan at the Otkritie Arena, with Spartak having the option to take him permanently should he impress. Spartak Moscow manager, Domenico Tedesco, has revealed how Victor Moses has been a great help to his side since his arrival from Chelsea. The 30-year-old joined the Red and Whites on a season-long loan from the Blues last summer for his sixth spell away from the Stamford Bridge outfit. The former Nigeria international has continued to prove his worth at the club, helping them to their current second spot on the league table. The Russian side have now taken up that option and are expected to pay Chelsea 4.5m euros for the services of the Nigerian internatio...
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 ...
Barcelona secure 500 million Euro loan
Barcelona have secured a €500m loan from Goldman Sachs, with €100m arriving immediately to cover unpaid wages. Like many of the clubs who had signed up to the Super League project, Barca are struggling financially in the wake of the COVID pandemic and in need of fresh funds. President Joan Laporta has seemingly found the key with a loan worth €500m from American investment bank Goldman Sachs. ESPN claim there will be €100m arriving immediately, so Barcelona can settle outstanding payments owed to players. The club’s gross debt is said to now be almost €1.2 billion. Sources told ESPN the situation with outstanding payments was so bad that the squad was preparing to take the matter to the Spanish Footballers’ Association. Barcelona agreed with the players to defer payment of their wages duri...
Taiwo Awoniyi gets UK work permit, set to leave Liverpool permanently
Fulham and West Brom are interested in signing Taiwo Awoniyi after he was granted a UK work permit for the 2021/22 campaign. Awoniyi linked up with Liverpool in 2015 but is yet to feature in an official game for the Reds. The Nigeria international has spent the past six years on loan at different clubs across in Europe and is currently with Bundesliga club Union Berlin. According to Goal the 23-year-old and his family were finally granted UK permits this week, following a lengthy application process. Aside from Fulham and West Brom, Stoke City have also registered interest in the forward, while Union Berlin are also keen on signing him on permanent deal. German clubs Stuttgart and Wolfsburg are also keen on signing him this summer. Liverpool are open to selling Awoniyi but will only accept...
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...
Stuttgart seek to buy Liverpool goalkeeper Loris Karius
VfB Stuttgart are eager to buy Liverpool goalkeeper Loris Karius. Karius has spent this season on loan with Union Berlin, though has spent the campaign largely on the bench. The goalkeeper has played 5 matches for the Berlin team and conceded 4 goals. Berliner-Kurier says Stuttgart are interested in buying Karius from Liverpool. VfB see Karius as a replacement for departing keeper Gregor Kobel. Karius, 27, has a deal with Liverpool to 2022. 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 back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Inter...
Gombe eyes World Bank loan to address erosion at Federal College
Gombe State is considering taking a World Bank loan to tackle erosion at the Federal College of Education (Technical) Gombe. The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school. Jatau said notwithstanding the fact that the school belonged to the Federal Government, the state government was considering taking the loan because its people benefited the most from the school. He said the state government had earlier intervened in erosion control in the school through the diversion of some major structures at the Mega Park located very close to the school. He said the government was doubling its efforts to ensure speedy completion of work at the erosion sites. Jatau stressed ...
