Recovered Abacha Loot To Go Into Construction Of Abuja-Kaduna-Kano Road, COVID-19 Fight

Recovered Abacha Loot To Go Into Construction Of Abuja-Kaduna-Kano Road, COVID-19 Fight –Presidency

The Nigerian Government has said it would channel the recently repatriated Abacha loot worth $311m to road construction and the fight against Coronavirus in the country.

Presidential spokesperson, Garba Shehu, made the disclosure in a statement on Tuesday.

Shehu added that it would also be used in the completion of the Mambilla Power Project, which has the capacity to generate electricity for more Nigerian households.

He said, "On Monday, May 4, 2020, some $311m stolen from the citizens of Nigeria during the Abacha regime were safely returned to our country from the United States.

"These funds have already been allocated and will be used in full for vital and decades-overdue infrastructure development: The second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways – creating tens of thousands of Nigerian construction jobs and local skills, which can then be useful in future projects. See Also Money Be Ready To “Replace” Returned $300m Abacha Loot If Misused, United States Tells Nigerian Government 0 Comments 1 Day Ago

"Part of the funds will also be invested in the Mambilla Power Project which when completed, will provide electricity to some three million homes – over ten million citizens in our country.

"The receipt of these stolen monies and the hundreds of millions more that have already been returned from the United Kingdom and Switzerland are an opportunity for the development of our nation, made far harder for those decades the country was robbed of these funds.

"Indeed, previous monies returned last year from Switzerland, some $320m, are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship.

"Without these funds, the fight against COVID-19 would be even tougher."

Politics News AddThis : Original Author : Saharareporters, New York Disable advertisements :

via IFTTT

Comments

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi

EDUPEDIA247

Search This Blog