The Big 5: Governors ask FG for balance of Paris Club refund, Nigerian Army acquire new technology to fight Boko Haram, and other top stories

Good morning. Here are the top 5 stories you should be monitoring today: The Nigerian Army has been very busy lately battling not only insurgency but also the spread of diseases. So far, at least, 10,446 people living in the South-East and Cross River have benefited from the Army’s medical outreach through its Operation Python... Read More

Featured, The News Blog

boko haram, Kanu Nwankwo, Nigerian Army, paris club

October 17, 2017

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Governors demand 50 per cent balance of Paris Club refund

State governors have asked the Federal Government to release the 50 percent balance of Paris Club refund by November. The governors said this when they were represented by 7 of their colleagues at a meeting with Buhari at the Presidential Villa on Tuesday. Background: The Federal Government had disbursed N760.17 billion, paid in two tranches, to... Read More

The News Blog

demand, governors, paris club, refund

October 13, 2017

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Court orders 2 commercial banks to forfeit Paris Club and London Club loans

A Federal High Court in Lagos Friday issued an order directing two commercial banks to surrender N1.4 billion Paris and London Club loans in their custody. Justice Mojisola Olatoregun ordered the banks to temporarily forfeit the loans. Olatoregun made the order while granting an ex-parte application filed and argued before her court by the Economic... Read More

The News Blog

London Club, paris club

July 19, 2017

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Is Paris Club refund the litmus test for restructuring?

by Alexander O. Onukwue The argument for restructuring has been that states will have more powers to determine their growth and development based on the resources at their disposal. The present system of distributing to states from the FAAC has seen the Federal Government literally spoon feed the states, with the result being that many... Read More

Story of the day

governors, litmus test, paris club, refund, restructuring

July 19, 2017

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Aregbesola’s Paris Club Fund: Workers’ salaries or LAUTECH?

by Alexander O. Onukwue Thirty-four thousand students of Ladoke Akintola University of Technology (LAUTECH) have been at home since 2015. Reason: the Governments of Osun and Oyo States have refused to meet the demands of their lecturers. At the same time, Osun owes a backlog of salaries, stretching more than a calendar year. This was... Read More

Story of the day

fund, LAUTECH, paris club, Paris Club Refund, Paris Fund, pensions, RAUF AREGBESOLA, salaries, workers

July 19, 2017

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Will Paris Club Fund be the bounty that revives the PDP?

by Alexander O. Onukwue The PDP National Convention has been slated for the 12th of August, less than a month after the Supreme Court judgment validating the caretaker Committee of Senator Ahmed Makarfi. The announcement also comes a few days after the second tranche of the Paris Club funds were made available to State Governors. Those... Read More

Story of the day

paris club, Paris Club fund, Paris Club Refund, PDP, Revival

May 11, 2017

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The YNaija Tracklist: Controversy over Osinbajo’s status a mere distraction – Lai Mohammed | $43.4m, contract scam: Govt may drop SGF, NIA boss | More stories

From the papers this morning – a tracklist. Controversy over Osinbajo’s status a mere distraction – Lai Mohammed – YNaija FG sends Chibok girls’ photos to parents –YNaija Ensure remaining 113 Chibok girls are freed, NLC tells FG – YNaija 28 states owing teachers salaries – NUT – YNaija Rogue NSCDC officials shoot, rob tanker... Read More

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$50m, Acting President, budget, Chibpk girls, donald trump, lai mohammed, nlc, paris club, The YNaija Tracklist, Yemi Osinbajo

May 2, 2017

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Opinion: Still on 500 billion naira Paris club refund

by Shittu Yunus Shittu In line with the federal government’s mission to reflate economic activities in the country, the Federal Government had earlier disbursed a special intervention fund totalling N338 billion to 27 states in the country which was a step taken to enable states pay workers’ salaries and also salvage their economic situation.... Read More

Opinion

economy, nigeria, opinion, paris club, Politics

April 10, 2017

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[The Legislative Blog]: “The Customs boss uniform issue is unimportant” | 7 things we learnt from Bukola Saraki’s interview

Senate President Bukola Saraki recently spoke to Daily Trust Newspaper in an exclusive interview and he touched on some of the issues that are currently trailing his position and the Senate as a whole. From the Senate’s rift with the Executive to the Customs duty controversy, his trial before the Code of Conduct Tribunal, the... Read More

The Legislative Blog

Bukola Saraki, CCT, Customs, Daily Trust, Executive, Interview, paris club, Senate President

March 30, 2017

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Paris Club refund: EFCC summons Saraki’s aides

by Azeez Adeniyi The Economic and Financial Crimes Commission (EFCC) has dispatched summon letter to the aides of Senate President Bukola Saraki over N19bn illegally deducted from the N522bn Paris Club refund, Punch reports. An EFCC report had alleged that N3.5bn out of the stolen N19bn was traced to Saraki. A source said some of... Read More

The News Blog

aides, Bukola Saraki, EFCC, paris club, Senste President, summon

March 3, 2017

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Paris Club refund scandal: We’ve no plans to arrest Saraki – EFCC

by Dolapo Adelana The Economic and Financial Crimes Commission (EFCC) has denied reports that it planned to arrest President of the Senate Bukola Saraki over his alleged involvement in the Paris Club refund scandal. An online news platform, Sahara Reporters on Thursday reported that the anti-graft agency was ready to arrest Saraki and a former MD of his... Read More

The News Blog

aliko dangote, arrest, Bukola Saraki, EFCC, paris club, Paris Club Refund, President Muhammadu Buhari, Sahara Reporters, Wilson Uwujaren

January 13, 2017

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Paris Club loan: FG refunds N388.3bn to states

The Federal Government has effected the payment of about N388.3 billion to 35 states as refund of the Paris Club loan over deductions. This action is in line with helping states fulfil their financial obligations due to the economic recession. This figure is different from the budget support facility the states have received on a... Read More

The News Blog

FG, loan, N388.3bn, paris club, refunds

The Big 5: Governors ask FG for balance of Paris Club refund, Nigerian Army acquire new technology to fight Boko Haram, and other top stories

Governors demand 50 per cent balance of Paris Club refund

Court orders 2 commercial banks to forfeit Paris Club and London Club loans

Is Paris Club refund the litmus test for restructuring?

Aregbesola’s Paris Club Fund: Workers’ salaries or LAUTECH?

Will Paris Club Fund be the bounty that revives the PDP?

The YNaija Tracklist: Controversy over Osinbajo’s status a mere distraction – Lai Mohammed | $43.4m, contract scam: Govt may drop SGF, NIA boss | More stories

Opinion: Still on 500 billion naira Paris club refund

[The Legislative Blog]: “The Customs boss uniform issue is unimportant” | 7 things we learnt from Bukola Saraki’s interview

Paris Club refund: EFCC summons Saraki’s aides

Paris Club refund scandal: We’ve no plans to arrest Saraki – EFCC

Paris Club loan: FG refunds N388.3bn to states

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