Author: Vera
Point News247 reports that Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, The PUNCH has learnt. The Minister of Finance, Budget and National Planning, Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and November 2021, according to a copy of the presentation obtained by our correspondent. The new borrowing in the period under review consists of N5.1tn domestic debt and N1.6tn. The domestic debt, however, includes borrowing from the Central Bank of Nigeria, according to the presentation document. In March 2021, the…
Point News247 reports that there are strong indications that state and federal governments are again on a collision course as the Federation Account Allocation Committee holds its first meeting in 2022 on Wednesday. State officials, who spoke to Punch on Sunday, faulted the Nigerian National Petroleum Corporation’s (NNPC)continued deductions from FAAC funds to finance fuel subsidy, saying the issue would come up at Wednesday’s meeting. They said this as the NNPC was set to deduct N270.83bn from January FAAC allocations that would be shared by state, federal and local governments on Wednesday. The Cross River State Commissioner for Finance, Asuquo…
Point News247 reports that the Rivers State Police Command has set up a panel to investigate a Divisional Police Officer (DPO) who allegedly owns an illegal refinery in the state. Rivers State Police Command, in a statement made available to newsmen by the Acting State Police Public Relations Officer, DSP Grace Iringe-Koko, said the unnamed DPO has been “immediately redeployed and a panel headed by an assistant commissioner of police inaugurated to investigate the matter” The Force noted that “the outcome shall be made public and the officer punished appropriately if the allegations are confirmed.” Meanwhile, the Commissioner of Police…
General Overseer of Omega Fire Ministries, Apostle Johnson Suleman, has surprised his cook who has lived with him for over 10 years. Point News247 reports that in a short video shared on Instagram, the clergyman revealed that the woman caught the fire of Christianity while she was in his house. Kneeling down in front of the altar, the man of God asked that the photo of the house be put up on the screen. When Apostle Suleiman handed the documents of the house to her, the woman’s joy knew no bounds. Church members also screamed excitedly.
President Muhammadu Buhari has directed the military to respond to cases of killings and kidnappings by bandits in Niger and to give effect to strategic objectives through the use of force. Presidential spokesman, Garba Shehu, disclosed this this in a statement. Point News247 reports that Shehu stated that the military operations had become necessary to check the continued attacks on communities in Niger by bandits and remnants of Boko Haram terrorists fleeing theaters of war in the Northwestern and Northeastern parts of the country. He said the directive was handed over to the Defence Headquarters by the President. The statement…
In a bid to ensuring proper structure and harmony within the organization, the Association of Nigeria Licensed Customs Agents (ANLCA) Muritala Mohammed Airport Cargo (MMAC) Chapter, has finally held it’s election to elect it’s Chapter Executives. Point News247 reports that the MMAC Chapter election has dragged on due to intrigues occasioned by court injunctions from the aggrieved parties in the association, though most of them have been expelled now for anti- association activities. Congratulating the new Chairman and his executives, the Vice Chairman Board of Trustees ( BOT) ANLCA, Prince Ozo Chukwurah commended the entire members of the Airport Chapter…
The Supreme Court has reversed its earlier decision which dismissed an appeal filed by Guaranty Trust Bank against a N2.4bn judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. Point News247 reports that in a judgment delivered on Friday by a five-member panel led by Justice Olukayode Ariwoola, the panel unanimously held that the Supreme Court erred when, in a ruling on February 27, 2019, it erroneously dismissed the appeal marked: SC/694/2014 filed by GTB. In the lead judgment written by Justice Tijani Abubakar but read on Friday by Justice Abdu…
Point News247 reports that Mali’s former president Ibrahim Boubacar Keita, who led the West African country from 2013 until he was ousted in a coup in 2020, died at the age of 76 in the capital Bamako on Sunday, his family said. “President IBK died this morning at 0900 GMT in his home” in Bamako, a family member told AFP using the ex-leader’s initials, with several other family members confirming his passing. The cause of Keita’s death was not given. Keita was two years into his second five-year term when he was toppled by the military in 2020. In the…
The Nigeria Customs Service (NCS), Apapa Area Command, says it generated N870.39 billion revenue from January to December 2021. Point News247 reports that the Area Controller, Comptroller Malanta Yusuf, disclosed in this at a news conference in Lagos. Yusuf added that the command during the period intercepted contraband goods worth N31.23 billion. He noted that the revenue generated had been remitted to the federation and non-federation accounts of the Federal Government respectively. Yusuf said that the revenue profile of the command had significantly increased by about 68 per cent when compared with N518.4 billion generated in 2020. “The year 2022…
Point News247 reports that the Members of the Nigeria Governors’ Forum will meet in Abuja on Wednesday for “a very crucial meeting where pressing national concerns will be discussed.” Chairman of the Forum and Governor of Ekiti State, Dr Kayode Fayemi , who invited all the 36 governors to the meeting, however, did not give details of the agenda of the meeting, which he is slated for 8pm, at the NGF Secretariat in Abuja. The Head, Media and Public Affairs, Nigeria Governors’ forum Secretariat, Abdulrazaque Bello-Barkindo, disclosed this in a statement signed on Saturday titled, ‘NGF Meeting’. According to an…