Court Orders Buhari's Minister, Sadia Umar-Farouk To Account For N729Billion ‘Payments To Millions Of Poor Nigerians’
News Source: Sahara Reporters
A Federal High Court in Lagos has ordered Ms Sadia Umar-Farouk, former Minister of Humanitarian Affairs, Disasters Management and Social Development to account for the payments of N729 billion to 24.3 million poor Nigerians for six months.
The court also ordered the former minister to provide the list and details of the beneficiaries who received the payments, the number of states covered and the payments per state.
The judgment was delivered last month by Hon. Justice Deinde Isaac Dipeolu following a Freedom of Information suit numbered FHC/L/CS/853/2021, brought by the Socio-Economic Rights And Accountability Project. SERAP said it obtained the certified true copy of the judgment last Friday.
Naira Depreciation; New Capital Base Not Enough – Soludo
News Source: Leadership News
Former governor of the Central Bank of Nigeria and governor of Anambra State Professor Chukwuma Soludo has commended the recapitalization move of the banking industry even as he said with the depreciation of the naira, the new capital base which takes effect in 2026 is not enough.
This is as he, alongside the governors of Lagos, Ogun and Kwara states as well as former President of Nigeria, Olusegun Obasanjo bemoaned the high interest rate which according to them stifles the much needed economic growth of the country as the launch of “The Power of One Man” a book on the 2004 banking sector consolidation written by Dr Ray Echebiri in Lagos.
Soludo, who had championed the banking consolidation which saw the number of banks in the country reduce from 89 to 25, said the 2004 recapitalisation exercise had paved the way for the growth of the Nigerian private sector.
(Photos Credits: Google)
‘I’m frontman of Africa’s most successful band’ – Seun Kuti boasts
News Source: Daily Post
Grammy-nominated Afrobeat musician, Seun Kuti, has made a bold claim about the Egypt 80 band, which he inherited from his late father and Afrobeat pioneer, Fela Anikulapo-Kuti.
In a recent interview with City 105.1 FM, Kuti claimed that Egypt 80 is Africa’s most successful band, boasting about his important position in society as the frontman of the band.
He said he shares his opinions freely without fear because he can’t be threatened by culture, adding that the media and African award organizers were already overlooking his music.
Kuti said, “I won’t stop speaking my mind because I’m no longer afraid of anything you’re going to do. What are you going to do? You’re not going to play my videos? Are you not already doing this? So what are you going to do?
Kaduna APC stakeholders abandon el-Rufai, declare support for Sani
News Source: Daily Post
Amid the ongoing political battle between former Governor of the state, Mallam Nasir el-Rufai and his successor, Senator Uba Sani, the All Progressives Congress (APC) stakeholders in Kaduna State yesterday declared support for the governor.
Both Sani and el-Rufai have been having a frosty relationship leading to the recent probe of the el-Rufai administration by the Kaduna State House of Assembly.
The Kaduna APC stakeholders made their stand known during the Kaduna State APC Executive Committee meeting held at the Umaru Musa Yar’adua Hall, Murtala Muhammad Square, Kaduna, where party chieftains passed a vote of confidence on the governor.