The House of Representatives has summoned the acting Auditor General of the Federation, Mr Aghughu Adolphus, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, to the office. The House Committee on Public Accounts issued the summons at its public hearing in Abuja on Tuesday. Adolphus, who had earlier been invited by the committee, had failed to show up on Tuesday. His representatives led by a Deputy Director, Mr Babalola Olanrewaju, could not explain to the lawmakers the rationale behind taking the loan. Chairman of the committee, Mr Wole Oke, said, “We want to know what the loan was meant for before going to sign for it. What was your procurement plan before arriving at that figure? Or is it a reward? We need to know the programme plan, how you ...
Arsenal defender, Shkodran Mustafi, was full of praise for Folarin Balogun after he struck in their Europa League win at Molde. The teenage striker scored with his first touches of the ball to open his account for the club, and earned rave reviews from his German team-mate. “He’s a very strong and intelligent player,” Mustafi told Arsenal.com. “He’s a good striker and he’s hungry. “I think at this age in strikers you can always see that hunger to score and they always want to do something in the box, and I think for him it was really nice. He came on in the last game as well and this time it was his first touch he scored with, so I’m very happy for him because I think this is something that is very important. “We all started as young boys and everyone knows the feeling of how difficult it ...
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Norwegian Air’s cash crisis could force the debt-laden budget airline to halt operations early next year, the company warned as it issued another plea for rescue funding after reporting quarterly results on Tuesday. The rapid expansion of the pioneer in low-fare transatlantic flights has left it with heavy debts and problems that have been compounded by the COVID-19 pandemic. It is now serving domestic routes only, with just six of its 140 aircraft flying. “Norwegian is dependent on additional working capital in order to continue operating through the first quarter of 2021 and beyond,” the carrier said. The company held cash and cash equivalents of 3.4 billion kroner ($380m) at the end of September, down from 4.98 billion kroner ($550m) three months earlier. Its latest plea comes after Nor...