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States have received another tranche of the Paris Club refund, it was learnt yesterday. Ekiti, which got N9.5 billion in the first tranche, has received another N4.772 billion; Abia got N5.715 billion.The state received N11.4 billion in the first tranche. Governor Ayo Fayose’s Media Adviser Lere Olayinka confirmed Ekiti’s receipt of the second tranche. Commisioner for Finance Obinna Oriaku confirmed that of Abia. But the total amount paid out by the Ministry of Finance could not be confirmed last night. Top officials of the ministry said they were waiting for clearance from Minister of Finance Mrs Kemi Adeosun before giving out that information. President Muhammadu Buhari initiated the refund to enable states meet their financial obligations, especially to workers and pensioners. In the first tranche, a total of N516 billion was released to the 36 states and the Federal Capital Territory (FCT). The Ministry of Finance spokesman, Salisu Dambatta, in a statement after the release of the cash, said: ”The debt service deductions are in respect of the Paris Club, London Club and Multilateral debts of the Federal Government and states. “While Nigeria reached a final agreement for debt relief with the Paris Club in October 2005, some states had already been overcharged. “The funds were released to state governments as part of the wider efforts to stimulate the economy and were specifically designed to support states in meeting salary and other obligations, thereby alleviating the challenges faced by workers. “The releases were conditional upon a minimum of 50 per cent being applied to the payment of workers’ salaries and pensions. Oriaku said what Abia got was lower than the N11 billion to N12 billion it was expecting. He added, however, that Governor Okezie Ikpeazu had directed that despite “the shortfall, the funds should be committed wholly to salary arrears”. He said the state could no longer meet up with its promise to clear all arrears of wages at the end of this month because of the reduction in its entitlement. The shortfall, the commissioner said, would impact on the government’s plan to clear outstanding salary arrears as promised by the governor. Oriaku said labour leaders were informed of the development at a meeting yesterday, adding: “Despite the shortfall, Governor Ikpeazu has instructed that the funds be committed wholly to salary arrears”. READ MORE VISIT http://emperorupdates..com
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Prof Wole Soyinka, A Nobel Laureate, faulted the arguments of some certain Nigerians on the sacrosanct nature of the country’s unity, insisting that the unity of Nigeria is negotiable. Soyinka, who stated this in Yenagoa, Bayelsa State on Friday, disagreed with those opposed to restructuring. He added that though he was not in support of the country breaking up, the people have the right to negotiate their future. He said, “theres need to stop confusing and mixing up the argument, we are mixing up the argument. It is very unfortunate for our leaders to say that the question of breaking up or not breaking up should not have arisen in the first place. “It all sounds hypocritical, dogmatic and dictatorial. The statement is the unity of Nigeria is non-negotiable, now that to me, is a false. “Anything is negotiable, the right for people to determine their future is what is non-negotiable. Most nations came to being through negotiation. “Sometimes, when people say negotiate, what they really mean is restructuring. What the question should be: should Nigeria break up? My answer to that is no, but please don’t tell me that Nigeria, as it stands is non-negotiable. For me, this is a fallacy. http://emperorupdates..nl/2017/07/nigeria-can-endorse-unity-prof-wole.html?m=1
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NAME: ONUCHE CALEB OGBOYI 400LEVEL LAW STUDENT O.A.U Reportedly missing since yesterday 9am, According to source the last seen of the victim was seen on his way to bank (WEMA BANK) o.a.u branch, Ile-ife Osun state. If found please kindly contact the student union or call: 08067624201h. http://emperorupdates..com.ng/2017/07/missing-oau-400level-student.html?m=1 (From PHX Browser)
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The governor said with the victory, President Muhammadu Buhari and Acting President Yemi Osinbajo would be defeated in the 2019 presidential poll, saying efforts will be stepped up to revive the party and fortify it the more to be able to play its opposition roles. “I went to court with a perfume which I wanted to use to spray my cards and party flags and set them ablaze even within the court premises if Sheriff had won, that was why I went to court. “Though, I believe that we remain the same PDP family but no one can cause our party such pains and embarrassment and expect that he would go without being asked to account for his actions. “Even the reactions of Sheriff’s men show that we remain together. But the no victor, no vanquished that we said was a mere political slogan. Whoever that participated in this charade must show some reasonable level of remorse for their actions”, he said. He said the party would henceforth begin serious mobilization drives up to the grassroots level with efforts to re-energize the party to be able to defeat President Buhari and his Deputy in one swell swoop. When asked about his presidential ambition, Fayose retorted that; “It is still much alive. I am an early starter and that has been my style of politics. In 2003, I started earlier and I defeated Otunba Niyi Adebayo and likewise Dr Kayode Fayemi in 2014. “I want to tell you that the APC won’t return to the Villa. We shall defeat both Buhari and Osinbajo, we are removing the two together and I want you to believe this. “When I talk, people would say I always pose like a Nostradamus, a man who can see tomorrow. Whether they like it or not, I shall be in the Villa in 2019, so my ambition is very much alive”, Fayose stated. http://emperorupdates..com
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