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$1bn
April 6, 2018
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The Late 5: Presidency says approval of $1bn for purchase of weapons is not final, US sanctions seven Russian oligarchs, and other top stories

These are the top five Nigerian stories that drove conversation today. President of the Senate, Bukola Saraki, has described the coordinated bank robbery in Offa, Kwara State, which left several persons dead and injured as “a despicable act committed by cruel individuals.” In a post on his Facebook page, Saraki said he and Governor Abdulfatah... Read More
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Speech
December 26, 2017
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Lai Mohammed has a detailed explanation for critics of $1bn security fund

The Federal Government has described those criticising the approval of $1bn for the fight against insurgency and other violent crimes in the country as uninformed and partisan. Minister of Information, Culture and Tourism, Lai Mohammed at a news conference in Lagos. Background: Ekiti governor, Ayodele Fayose had kicked against the approval by governors, stating that the... Read More
The News Blog
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December 23, 2017
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Governor Udom just found his voice to criticise the $1bn for fight against Boko Haram

Akwa Ibom governor, Udom Emmanuel has kicked against the withdrawal of $1 billion from the Excess Crude Account to fight Boko Haram terrorists. Background: The decision to withdraw $1bn from the $2.3bn in the account to fight insurgency had led to controversies. Udom is the second governor to reject the decision taken by governors at... Read More
The News Blog
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December 22, 2017
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Niger Delta militants are not happy with Buhari over planned withdrawal of $1bn to fight Boko Haram

A coalition of Niger Delta militants on Thursday accused President Muhammadu Buhari of double standards in the handling of security issues in the country. The militants are not happy with the plan by the Federal Government to withdraw $1bn from the Excess Crude Account to fight the Boko Haram insurgents in the North-East. They said the... Read More
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SERAP
December 17, 2017
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Nigerians need to know what $1bn will be used for | SERAP tells Buhari

The Socio-Economic Rights and Accountability Project (SERAP) has advised President Muhammadu Buhari not to allow the mismanagement of anti-insurgency funds like the previous administration. Background: State governors had approved the withdrawal of $1 billion from the Excess Crude Account for the fight against Boko Haram. What SERAP said:  In a statement on Sunday by its Deputy... Read More
The News Blog
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October 13, 2017
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I have spent N3.2bn helping children…Allow my mother rest in peace | Patience Jonathan tells EFCC

Patience Jonathan, wife of former President Goodluck Jonathan has dismissed an allegation by the Economic and Financial Crimes Commission that she used her foundation, Aruera Reachout Foundation to launder stolen funds. Background: The anti-corruption agency had frozen 15 accounts belonging to the former first lady, stating that the funds were proceeds of corruption. Mrs Jonathan had filed... Read More
The News Blog
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August 9, 2017
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Cash-strapped Zimbabwe to build $1bn Mugabe university

Zimbabwe on Wednesday announced its plan to build a $1 billion university to honour its 93-year-old President, Robert Mugabe. “Cabinet has approved the establishment of the Robert Gabriel Mugabe University,” Jonathan Moyo, minister of tertiary education, told a news conference. “There can be no better recognition of President Mugabe’s commitment to education and his exemplary... Read More
The News Blog
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February 17, 2017
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FG agrees to pay N1bn budget fund – Fayose

by Dolapo Adelana Ekiti Governor Ayodele Fayose says the Federal Ministry of Finance has reversed its decision over the N1billion Budget Support Facility for the month of January this year belonging to the State. Fayose on Friday said the State had received an official Communication on Thursday from the Federal Ministry of Finance releasing the... Read More
The News Blog
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February 1, 2017
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Presidency, N’Assembly reach decision on $1bn loan

The Presidency and National Assembly have reportedly reached a decision to allow the government take $1billion Euro bond. The deal was reached during a meeting between acting President Yemi Osinbajo, Senate President Bukola Saraki and the Speaker of the House of Representatives, Yakubu Dogara. The request had been sent by President Muhammadu Buhari on the... Read More
The News Blog
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November 29, 2016
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The Late 5: These are the stories that drove conversations today

These are the top five stories that drove conversation today. Court grants ex-FCT minister, Bala Mohammed bail The former Minister of the Federal Capital Territory, Bala Mohammed was granted bail on Tuesday by a Federal High Court in Abuja. Mohammed has been in the custody of the Economic and Financial Crimes Commission (EFCC) since October... Read More
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November 29, 2016
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FG spent $1bn on kerosene subsidy last year – Osinbajo

Vice President Yemi Osinbajo on Tuesday said Nigeria spent $1bn as subsidy on kerosene last year. Osinbajo said this while speaking at the Domestic Liquified Petroleum Gas Stakeholders’ Forum in Abuja. He said the government spent the huge sum of money on subsidizing the product because of its massive use by Nigerians. He said, “The low LPG... Read More
The News Blog
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October 15, 2016
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Alleged sex scandal: Exonerated lawmakers to sue US govt. $1bn

The three House of Representatives members who were accused of sexual misconduct by former U.S. ambassador to Nigeria James Entwistle are set to sue the U.S. government for $1bn in damages, The Punch reports. The lawmakers are House Deputy Chairman, Committee on Petroleum Resources (Upstream), Mr. Terse Mark-Gbillah (Benue); Mr. Samuel Ikon (Akwa Ibom); and Mr.... Read More
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