President Muhammadu Buhari writes National Assembly seeking Permission to borrow $4.5b

The President, Muhammadu Buhari today wrote to the National Assembly, seeking permission to borrow about $4.5b. This was contained in a letter to the House of Representatives Leadership, led by Rt. Hon. Yakubu Dogara 

Comments

Post a Comment

Popular posts from this blog

Halliburton Scandal: EFCC Traces N13.5b To Private Account

Image
The Economic and Financial Crimes Commission (EFCC) has uncovered how $32.5 million of about $200 million fines from Halliburton Energy Services was allegedly paid into a private account. Th e cash was said to be missing because the anti-graft agency could not ascertain whether or not it was remitted into the Federal Government’s account. A top shot with the Nigerian National Petroleum Corporation(NNPC), Mr. Roland Ewubare, who was one of the lawyers involved in the Settlement Agreement with Halliburton, has been given up to September 15 to submit a letter authorising him by the Federal Government  to open the private escrow account. Ewubare told the EFCC that, as the then Executive Secretary of the National Human Rights Commission (NHRC), he acted in national interest in opening the escrow account. He is in the United States to retrieve the relevant documents relating to the account for the EFCC. The EFCC has grilled the Managing Director of Halliburton Energy Services in Nigeria
Read more

Boko Haram Ambush Military Escort

Image
Today afternoon, suspected elements  of the remnants of Boko Haram terrorists who were foraging for food, ambushed troops of Operation LAFIYA DOLE escorting commercial vehicles from Damboa to Maiduguri, at Sanda general area, Borno State. Unfortunately, 5 civilians lost their lives at the incident and another died on the way to the hospital. Three soldiers also sustained injuries. The wounded have been evacuated to Maiduguri. Consequently, another robust patrol team has been despatched to reinforce the troops, clear the general area and pursue the terrorists. This unfortunate incident has brought to the fore the need for more vigilance and cooperation amongst all. We would like to assure the public that we would not allow this isolated incident to thwart the peace and security commuters enjoy along the route and all other opened routes in the North East. Troops are on the heels of the attackers and would not relent till they are apprehended or killed. Additional secu
Read more

Bodies of Three Drowned Soldiers Recovered

Image
Assisted by military personnel, local divers in Bayelsa State have recovered bodies of three drowned soldiers yesterday in Brass LGA area. This was contained in series of statements issue by the Bayelsa State Chapter Chairman of The National Maritime Union,  Mr. Lloyd Sese, He said the tragic boat accident that claimed the lives of four soldiers in Brass Local Government area was due to poor logistics and use of low powered engine boats to convoy military personnel. Mr. Sese, who commented on the incident yesterday in Yenagoa, said the preliminary investigation conducted by the Brass Unit of the Maritime Union showed that the accident could have been avoided if adequate logistics were arranged with high capacity engine boats used. He stated that “they used small boats with low capacity engines.” He called on the military authorities to consult the Maritime Union for logistics and transport during such movements, while we commiserate with the Nigerian Military on the loss of their m
Read more