₦airaland Forum

Have they also tendered an apology for all the looting in the state over the years

Good or bad the government is doing all they can to deliver this country from darkness

No need for all this. People sound just Please allow peace to return to Kano

I sure the governor must have told him no going back. Hope we don't have 2 emir at the end of the day

Greed and politics has eaten deep into Nigerian fabric

Which judgment is superior

This story will be a very long epistle

Let his rest small Nigerian problem is too big

Thank God this government doesn't have cabal

Power is sweet in this part of the world

BossGerald:
Tinupoo is a total failure, surrounding himself with clueless thieves he called technocrats.


God will punish you there

its no good to insult your leaders . pray for them

This is very Big win for cuppy

Where do these people start from in this harsh period

PriceActionZ:
yes he might tell the truth as it is but you people dont know how close are sanusi, kwankwaso and Tinubu. So constructive criticism will be his words. Soon, you will see sanusi in aso rock, in closed door meeting with Tinubu. You never know your country well, dey dia dey play.

we are mistaken sanusi for a politician. Study about him. He sanusi is fade up of currently Nigerian system. And he had never hidden that regardless who is in power

Vice-President Kashim Shettima says over $25 billion is used to import petroleum products into the country every year.

Shettima spoke on Thurday at the Vanguard Economic Discourse themed ‘Reforms in the Era of Global Economic Uncertainties: Whither Nigeria’.

The vice-president, who was represented by Tope Fasua, special adviser on economic affairs, assured that this would change in the future.

The development comes five days after Aliko Dangote, Africa’s richest person, said Nigeria will no longer need to import petrol by June.

Speaking at the event, Shettima said the country will stop importing the product due to the backing of the government and the revamping of state-owned refineries.

“With the support our government is lending to our private sector-led oil refineries and rejuvenation of some of the state-owned facilities. The $25 billion we spend yearly importing petroleum and other refined products will soon be a thing of the past allowing the naira a much-deserved breath,” he said.

Shettima said the country will not hesitate to backtrack and review policies if it would impose undue hardship on Nigerians as it “has been seen over time”.

“So this administration is not out to make the life of Nigerians tougher, but to make the Nigerian economy sustainable, and the lives of our people more enjoyable,” Shettima said.

“Rest assured, ladies and gentlemen, that the next few years will be full of positive achievements. They include improvements in the standards of living, higher productivity, food security, bumper harvests and remarkable achievement with the guidance and grace of Almighty God.”

Speaking further, he said President Bola Tinubu has been able to secure more than $20 billion in potential investments into the country, “including $14 billion from India, $250 million from the Netherlands, and commitments of $500 million for lithium development in Nasarawa state”.

Shettima said the country has secured another $500 million from Germany into renewables, adding that the Siemens power sector projects will positively impact energy sufficiency in due course.

https://www.thecable.ng/shettima-25bn-spent-on-fuel-importation-every-year/amp/

A Federal High Court in Ikoyi, Lagos, has ordered the interim forfeiture of $4,719,054, N830,875,611, and several property linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele.

The order was issued on Friday, by Justice Yellim Bogoro after an ex-parte motion by EFCC counsel Bilkisu Buhari and C.C. Chineye.

The forfeited funds, held in various banks, were linked to Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.

Emefiele’s properties forfeited to the federal government include; 94 Units of 11 Storey building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, iKoyi, Lagos; AM Plaza, 11 Story Office Space, Situate on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos and 2 properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.Lot.Twin Completed Property Lakes Estate. Lekki, Lagos.

Others include; One plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and a Property Situate on 8, Bayo Kuku Road, lkoyi Lagos.

The EFCC had sought an interim forfeiture of the monies and properties under Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, Section 44(2)(b) of the Constitution, and the court’s inherent jurisdiction.

Specifically, the anti-graft agency requested “an interim order forfeiting to the Federal Government of Nigeria the funds held in the accounts listed in Schedule ‘A,’ which are reasonably suspected to be proceeds of unlawful activities.”

“An Interim order forfeiting to the Federal Government of Nigeria Properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.

“An Order directing the publication In any National Newspaper, the interim order under reliefs 1-2 above, for anyone who Is interested in the properties and funds sought to be forfeited to appear before this Honourable Court to show cause within 14 days why the final order of forfeiture of the said properties and funds should not be made in favour of the Federal Government of Nigeria.”

In granting the ex-parte motion, Justice Bogoro after he had taken submission of the EFCC’s counsel held; “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support.”

The case was, however, adjourned to July 2, 2024, for the motion for final forfeiture

This is what power means in Nigeria and it's unfortunate.

How many Lands will you go to the grave with

There surely will be scrutiny before the loan will be granted. dat is a normal thing

The UN's top court, the International Court of Justice (ICJ), has issued a dramatic ruling, ordering Israel to "immediately halt its military offensive in Rafah".

It acted in support of a South African application last week which sought a number of measures against Israel, accusing it of stepping up what it says is a genocide.

Israel has vehemently denied the allegation as baseless and has signalled it would ignore any order to halt its operation.

Ahead of Friday's ruling, a government spokesperson said "no power on Earth will stop Israel from protecting its citizens and going after Hamas in Gaza".

Reading the court's ruling on Friday, presiding judge Nawaz Salam said that "Israel must immediately halt its military offensive, and any other action in the Rafah Governorate" which could bring about "the physical destruction" of the Palestinians - alluding to what constitutes genocide under international law.

Israel, he added, must also allow unimpeded access to Gaza to any UN body investigating allegations of genocide. The ruling also reiterated a requirement for Israel to enable "unhindered provision at scale" of basic services and humanitarian aid for Gaza.

"The humanitarian situation [in Gaza] is now to be characterised as disastrous," the ruling said.

Israeli began a long-anticipated offensive in Rafah about three weeks ago, vowing to destroy the remaining Hamas battalions there. It says it believes Israeli hostages are also being held in the town.

The UN says more than 800,000 Palestinians have fled from Rafah since the offensive began. About 1.5 million had been sheltering there from the fighting elsewhere in Gaza.

The hearing is part of a case brought by South Africa to the ICJ in December, claiming Israel was committing genocide in Gaza. That case is ongoing.

Israel began its offensive in Gaza after gunmen from Hamas, the organisation which ruled the territory, attacked Israel on 7 October, killing about 1,200 people and taking 252 others back to Gaza as hostages.

At least 35,800 Palestinians have been killed in the war since then, according to Gaza's Hamas-run health ministry


https://www.bbc.com/news/articles/crggvmyz03vo