money
Whistleblower petitions EFCC, justice minister over corruption in maritime academy
Pool Photo A whistleblower in the Maritime Academy of Nigeria (MAN), Oron in Akwa Ibom State, has petitioned the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute the management of the institution over multiple fraud, as well as systemic and perennial corruption. In a two-page petition to EFCC by Mr. Adamu Jibrin, a staffer of the Academy dated 6th April 2021 through his Attorney, Michael Edet and Associates, and made available to newsmen in Uyo titled, “Petition of Fraud, Embezzlement, Misappropriation and Criminal Conversion of Public Funds to Personal Use by the Rector of Maritime Academy of Nigeria, Oron,” the petitioner alleged that millions of naira have been siphoned from the treasury of the academy. Copies of the petition to the EFCC Chairman, the Attorne...
Tottenham to pay part of Jose Mourinho’s salary at Roma
Tottenham Hotspur will pay part of José Mourinho’s salary in his first season at Roma. The Special One will return to Serie A 11 years after leaving Inter, according to Sky Sport Italia, He had warned the Nerazzurri fans he was open to returning to Italy to coach one of their rivals. According to Sky Sport Italia, Mourinho signed his Roma contract on Monday and accepted a pay cut. Tottenham had sacked the Special One earlier in April. The Portuguese coach will earn €7m-a-year, way less than his €16m-a-year contract in North London. However, according to the report, Mourinho will earn the same money in his first season in the Capital as Spurs have agreed to pay part of his salary in his first campaign at the Stadio Olimpico. The so-called ‘Growth decree’ has also had an impact on Mourinho’s...
BudgIT: Over 315 capital projects duplicated in 2021 budget
BudgIT BudgIT, a civic-tech non-profit organisation, says it has uncovered 316 duplicated capital projects worth N39.5 billion in the 2021 budget. In a statement, Iyanu Fatoba, communications associate at BudgIT, said the organisation’s findings is contained in its publication titled, “Demanding Budget Reforms for Resource Optimization”, released on Tuesday. On December 31, President Muhammadu Buhari signed the 2021 appropriation bill of N13.588 trillion into law. The signing was done more than a week after federal lawmakers passed the budget and raised its total sum by N508 billion. Speaking on the report, Gabriel Okeowo, BudgIT’s CEO, said out of the identified 316 duplicated projects, 115 are in the ministry of health. He said the development is “very disturbing” as the country is battl...
Nigerian journalist: Why I returned missing $3,000 to owner
Mr Abdulkadir Shehu, a journalist with Progress FM, a private radio station in Gombe, said he returned the $3,000 dollars he found along the road to its owner, because it would be wrong for him to claim it. Shehu told newsmen in Gombe on Monday, that as at the time he returned the money, he had less than N2000 on him. “I was really in dire need of money at the time because I had received a call from Kano that my son was sick and needed to be tested for kidney and liver diseases at the hospital. “They couldn’t go ahead with the test because there was no money. “My son is still under medical supervision, but I will try to get the N35,000 for the test on Tuesday,’’ he said. Shehu stressed that poverty should not be an excuse for anyone to do what is wrong, adding that a person’s honesty is be...
David Moyes: West Ham can’t afford Tammy Abraham
David Moyes has ruled West Ham out of the running to sign Tammy Abraham. The Chelsea frontman is understood to be one of Moyes’ top summer targets as he attempts to bolster his strikeforce. But the Hammers boss says Abraham’s reported £40million price tag means the 23-year-old is well out of his range. “It would rule us out completely. We will be ruled out,” said Moyes. “So if that’s the figure and that’s what’s being said, we are ruled out. “We don’t have that money, we don’t have that to buy a striker at that price, no. “Is that sort of figure our total spend? It may well be. But you never know here. “I don’t think we will be making a purchase of that for any one player. I’d be surprised if we were.” Get more stories like this on Twitter You Deserve to Make Money Even When you are lookin...
Manchester United could sell David de Gea to up Paul Pogba’s salary
Man Utd are preparing for the 2021-22 season. They are doing the sums at Man Utd ahead of next term. Paul Pogba’s future is one of the issues the club need to sort out. His contract expires in 2022. That means that, whether he renews or not, this will be United’s final summer when they sell him and make money from his sale. ‘The Sun’ reports that United want to keep the midfielder. They paid Juventus 100 million for Pogba and they apparently want to get back a good amount of that money. They are worried this will be less likely to happen as the summer goes on. Therefore, United want to renew Pogba. To continue at the club, the former Juve man is demanding 500,000 pounds a week, a crazy sum of money. In order to pay him this amount of money, ‘The Sun’ says that United could let De Gea leave...
Ebonyi commissioner escapes gunmen attack
The Ebonyi State Commissioner for Infrastructure Development, Engr. Fidelis Nweze, narrowly escaped gun attack on Tuesday as he abandoned his car and ran into the bush leaving his SUV at the mercy of gunmen who shot sporadically in all directions. The incident happened at the site of a proposed international airport in the State. The gunmen were feared to have targeted the State Governor, Dave Umahi who was scheduled for an inspection visit to the airport. Newsmen gathered that the gunmen stormed the airport site at about 3:30 p.m. but missed their target as the Governor failed to turn up. A highly placed source at the Ebonyi State Government House told newsmen that the heavily armed men came on seven motorcycles and two vehicles. “On getting to the site, they opened fire, but God averted ...
Senate passes amended AMCON bill, empowers agency to seize debtors’ assets
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
Imo monarchs vow to invoke curses on perpetrators of violence
Traditional rulers in Imo State yesterday condemned the recent attack on the country home of the state Governor, Hope Uzodimma, at Omuma, calling on security agencies to carry out thorough investigations into what transpired and ensure that the culprits and their sponsors are brought to book. Rising from a critical meeting that lasted for few hours at their office in Owerri, the traditional rulers also threatened to invoke curses on those behind the insecurity ravaging the state should they refuse to change. In a communiqué issued at the end of their meeting, the Chairman of the traditional institution and Chairman of the Imo State Community Policing, Eze Emmanuel Okeke, said the royal fathers are of the opinion that the attack was politically motivated, and therefore warned politicians in...
Report: Nigerian politicians own 800 assets worth $400 million in London, Dubai
File Photo An Associate Fellow of Chatham House, London, Mr. Matthew Page, said yesterday that 800 property worth $400 million and owned by Politically Exposed Persons (PEP) in Nigeria were located in London and Dubai. The revelation is coming as the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanonye, said it dragged about 2,000 corporate entities into the country’s tax net. A statement issued by ICPC said Page made the disclosure in his paper presentation titled: “IFFs through the Real Estate and Education Sectors: Implications for Investigators,” at an event organised by the agency in Abuja. He urged the investigators of the ICPC to pay attention to real estate and education sectors-linked illicit financial flows. He noted ...
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...
Borussia Dortmund confident of retaining Erling Haaland in 2021
Borussia Dortmund remain convinced they will keep hold of superstar striker Erling Haaland this summer. The Norwegian international has been heavily linked with a mega money move away from the Bundesliga giants with La Liga pair Barcelona and Real Madrid both tracking him with interest. However, despite the ongoing speculation over where the 20-year old will be playing his football next season, Dortmund Sporting Director Sebastian Kehl has insisted their stance has not changed. “I understand Erling Haaland will play for Borussia Dortmund next season,” he told an interview with Sport1, as reported via Diario AS. “Erling totally agrees. I see him every day and I can say he completely identifies with the club.” Kehl’s comments come on the back of Haaland’s agent Mino Raiola hint that the Germ...