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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 ...
UEFA supremo: Barcelona, Real Madrid & Juventus ‘paralysed themselves’ with ‘strange’ Super League approach
Barcelona, Real Madrid and Juventus have “paralysed themselves” with their “strange” approach to the Super League, according to UEFA president Aleksander Ceferin. A controversial proposal for a new competition to rival the Champions League was met with universal condemnation in April, leading to the withdrawal of nine of the original 12 founding clubs. The Super League plans were subsequently put on hold, but Barca, Real and Juve have vowed to continue pushing for change despite being threatened with serious sanctions by UEFA, who are in the process of investigating their involvement in the breakaway. The three remaining clubs released a statement criticising European football’s main governing body last week, which read: “FC Barcelona, Juventus FC and Real Madrid CF wish to express their a...
Presidency: One million Nigerians benefitting from survival fund
The Presidency yesterday said that over one million Nigerians have so far benefitted from the Survival Fund scheme under the Federal Government’s Economic Sustainability Plan (ESP). The Presidency said there are 500,000 beneficiaries from the MSMEs Payroll support track, 44,500 under the one-off General MSME Grant, and another 265,425 under the artisan support track, among others. Recall that payment to new beneficiaries of the Payroll Support track and the one-time General MSME Grant had commenced at the end of April. A statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr Laolu Akande, in Abuja last night explained that so far, under the ESP there are currently over one million beneficiaries nationwide from the various schemes...
PSG president: Super League didn’t have the interests of football at heart
Paris Saint-Germain president Nasser Al-Khelaifi says the Super League project was not in football’s best interests, insisting the Champions League must be protected. PSG were not among the 12 founding members of the competition, which pledged to break away from UEFA and compete with or replace the Champions League. The plan collapsed within days of its announcement, as football’s governing bodies and fan protests convinced nine clubs to pull out and Al-Khelaifi believes football is better off without the controversial idea. “Football has been around for years and years. The Super League did not have at heart to defend the interests of football,” he told AFP. “You can envisage changes but not break the tradition that every club can hope to achieve their dreams. “All teams must have the opp...
Senator Okorocha: Police still holding two of my political allies
Former governor of Imo State Rochas Okorocha has appealed the Inspector General of Police (IGP) to save two political allies, Casmir Ugbor and Ojukwu Ukonu, who he said were wrongly arrested and linked as suspects of the jailbreak of April 5. The two suspects in police custody, according to a statement the senator released through his media adviser, Sam Onwuemeodo, were arrested alongside their wives for offence he said they never committed. Senator Okorocha claimed that their only offence was that they belong to his political family. The senator has also faulted the police on the date it stated it arrested the duo, insisting that they were arrested three weeks ago and not on May 27 as it now claimed in their recent press statement. Okorocha said: ‘In the press release, we called on the Co...
Justice Adah: Nigerians must work hard to ensure the country remains one
A legal luminary in the Court of Appeal, Abuja Division, Justice Steve Adah, has stressed the need for all Nigerians to work hard to ensure that the country remains one indivisible entity. Justice Adah who stated this on Saturday at the 35th anniversary celebration of the Faith Women Fellowship in Makurdi, Benue State capital recalled that on May 29, 1999, Nigeria returned to democratic rule but has had little or nothing to show for it 22 years after. While speaking on the theme, “Defy Limitations to Soar Higher”, Adah noted that God had ordained Nigeria as the most populous black nation in the world to remain one indivisible country despite the numerous tribes, religion and political affiliation of the people. ‘May 29th of every four years, our presidents take oath of office. This is a da...
Ebonyi governor sacks over 1,000 board members, aides
Ebonyi State Governor David Umahi has dissolved all boards and commissions in the state with immediate effect. He announced this during his 2021 anniversary day address to the people of the state. Also sacked are management Committee members, liaison officers and local government advisory committee at all the 64 local government areas and 171 wards in the state. Also affected by the sack are all the Executive Assistants, Technical Assistants and Senior Technical Assistants to the governor. Put together, those sacked are over 1000. The sack comes barely 24 hours after the governor sacked 83 members of the state executive council. He however noted that some statutory boards are not affected by the dissolution. They include Judiciary Service Commission, House of Assembly Service Commission, C...
NCS: Nigerian government to inaugurates Funtua inland dry port November
The Minister of Transportation, Mr. Chibuike Rotimi Amaechi, will in November inaugurate the ongoing Funtua Inland Dry Port project in Sokoto State. Also the French government has indicated its interest in collaborating with its Nigerian counterpart and therefore hinted that it will assist the government in form of financial assistance to the sector. The Executive Secretary/CEO Nigerian Shipper’s Council (NSC), Mr. Hassan Bello, made this known Thursday in Abuja during a meeting between the Council, Concessionaires for the Inland Dry Ports and the French Embassy. NSC ES, while highlighting the successes so far recorded by the Council stated that the federal government thought it necessary to bring shipping closer to the people by establishing ports in the hinterland. Hassan told the audien...
NGO: Oil spills killed 16,000 Niger-Delta babies in a year
The Stakeholders Alliance for Corporate Responsibility (SACA) has faulted the Nigerian government and multinational oil companies operating in the Niger-Delta over health hazards associated with exploitation and exploration activities. Newsmen learnt that SACA was formed and registered in Nigeria by an Irish Priest, Reverend Fr. Kevin O’ Hara, as a Non-Governmental Organisation in 2012 to find solutions to environmental problems inherent in the exploitation and exploration of oil by multinationals operating in the Niger-Delta region. Speaking to journalists at the inauguration of the group’s “Project Management Committee (PMC),” the Executive Director, SACA, Kingsley Ozegbe, hinted that statics available to his organisation through researches carried out revealed that in 2012 alone, about ...
Constitution review: States creation tops list of submissions at North East public hearing
YouTube States creation topped list of demands by groups from Adamawa and Taraba States at Thursday’s public hearing on the review of 1999 Constitutional in Gombe. Newsmen report that the groups wanted creation of Amana and Gongola out of present Adamawa State and Mambilla out of the present Taraba State. Ahmad Sajoh, the leader of the movement for Amana State, said the struggle for the creation of the state had been on for years. Sajoh said since 1961 when the area was moved into Nigeria from Cameroon, it had been an independent entity and it was the wish of the people to have a state of their own. He said: “The then Premier of Northern Nigeria, Sir Ahmadu Bello, the Sardauna of Sokoto, convinced us to be part of Nigeria on the condition that the area shall be an autonomous province with ...
SEC sets deadline for crowdfunding platforms registration
File Photo The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or cease operations by the 30th of June, 2021. This was contained in a notice released by the Commission on Wednesday. According to the SEC, the rules governing Crowdfunding business in Nigeria came into effect on the 21st day of January, 2021, which was part of efforts by the Commission to ensure investor protection while encouraging innovation in the conduct of securities business. “In line with the transitional provisions of the Rules, all persons/entities operating an investment cr...
Ex-Super Eagles midfielder Seyi Olofinjana appointed GC Zurich technical director
Switzerland side Grasshopper Club Zurich have appointed former Super Eagles midfielder Seyi Olofinjana as the new technical director. The 40-year-old was most recently a loan manager at Wolverhampton Wanderers. Olofinjana will take over the position of Technical Director at the Grasshopper Club Zurich with immediate effect and will be responsible for sports. He is taking over the position of interim sports director from Jimmy Berisha, who is stepping back into his role as Managing Director. ”Olofinjana was active in his career as a player for Stoke City, Hull City and the Wolverhampton Wanderers, among others. After his active career, he worked for the Wolverhampton Wanderers in various positions. Most recently, he worked as a loan manager,” reads a statement on the club website. “Olofinja...
