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Ibori’s Loot To Be Used For Completion Of 2nd Niger Bridge And Lagos- Ibadan Expressway- FG

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The Federal Government, on Tuesday, said that the £4.2 million recovered from friends and family of James Ibori, a former governor of oil-rich Delta State, would be committed to the timely completion of the Second Niger Bridge, the Abuja-Kano Highway, and Lagos-Ibadan Expressway.

Nigeria’s Attorney General and Minister of Justice, Abubakar Malami, made this known following the signing of agreement between the Federal Government of Nigeria and the government of the United Kingdom for the return of the £4.2 million recovered loot.

Malami signed for the Federal Government while Catriona Laing, British High Commissioner to Nigeria, signed for the UK government.

The recovered money is due to return to Nigeria in two weeks’ time, Malami said, adding that the recovery was part of the efforts of the Muhammadu Buhari administration to fight corruption.

He said the signing of the MoU for the return of the money marked another threshold in the Federal Government’s quest to attain full recovery of all looted assets, prevent abuse of recovered assets and ensure optimal utilisation of such recovered assets for the benefit of Nigerians.

Speaking at the signing event, Laing said the money was recovered from friends and family members of the former governor.

She frowned against the trend of siphoning money from the country to the UK, saying it has affected the level of trust between the two countries.

Laing, however, warned that the UK would no longer be used as a destination for looters to siphon proceeds of crimes.

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Ojogwu Godwin Chukwudi hailed from Delta State. A young talented personality, Alumnus of Delta State university,Abraka Studied Library and information science. He is an intellectual cyber communicator expert and a prolific blogger professional.

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See what IPOB told DSS about ARMS( Details)

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The indigenous people of Biafra has said it produces it’s arms locally.

 

This was in response to allegation credited to the Department of State services that IPOB was plotting to attack Banks to get money to purchase arms.

The media and publicity secretary of the group Emma Powerful described the allegation as a poor script. Saying their arms are produced locally.

 

While assuring banks in the area of their safety he said IPOB members are freedom fighters not criminals .

 

According to the this was a plot by the DSS to spread wicked propaganda to blackmail Eastern security Network and IPOB and dent our image .

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Nigeria Is Number 1 Importer In Africa- WTO

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The World Trade Organization (WTO) on Friday revealed that Nigeria is the number one importer of commercial services in Africa in 2020.

WTO made the revelation in a data released on Friday.

The Geneva-based international trade organization ranked Nigeria as the 25th commercial importer in the world but the first commercial importer in Africa, followed by Egypt which was ranked 28th in the world.

While Egypt and Morocco made the list of world exporters led by the United States, Nigeria was conspicuously absent in the global commercial exporters’ list.

The US also ranked first in the commercial importers’ list followed by China, United Kingdom and Japan; while US, UK, China and India topped the exporters’ list.

WTO noted that preliminary estimates were based on quarterly statistics.

“Figures for the number of countries and territories have been estimated by the Secretariat.”

“Data for 2020 are not yet available for the United Arab Emirates. In 2019, commercial services exports were valued at US$72 billion and imports at US$73 billion,”

it said.

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Living faith Church(Winners) to spend N160 Billion on New 100,000 seater Auditorium.

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The living faith Church founded by Bishop David oyedepo is to spend over N160 billion to build 100,000 seater Auditorium known as “The Ark”

 

Ground breaking ceremony for The Ark was carried out by Bishop Oyedepo in March 2021.

It is sited on about 1,000 hectares of land withing the premises of the current Church building , The ark will specifically accommodate 106,000 seats and will include 24-floor mission Tower made up of two twin towers of 12 floors each.

 

Upon completion the existing 50,000 seaters faith Tabernacle will serve as an overflow facility .

Oyedepo has said members will not be tasked for the project

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