Ex-governor, Babangida Aliyu To Refund N2.9b

Hamilton Nwosa
Writer

Ad

CBN Revokes Cash Deposit Limits, Hikes Weekly Withdrawal Threshold

By Abiola Olawale The Central Bank of Nigeria (CBN) has announced the immediate removal of all cash deposit limits. This directive, circulated to all Deposit Money Banks (DMBs), is said to be aligned with the apex bank's strategy to balance its push for a cashless economy with the practical needs of the populace and the…

FG launches December savings bonds with N1,000 minimum unit, offers up to 13.84% annual returns

By Obinna Uballa The Federal Government has opened subscriptions for its December Savings Bonds, the Debt Management Office (DMO) announced on Wednesday. The offers include a two-year FGN Savings Bond maturing on December 10, 2027, with an annual interest rate of 12.838%, and a three-year bond maturing on December 2028, offering 13.839% per annum. According…

Analysts weigh in as Putin threatens Europe with war amid Ukraine peace talks uncertainty

By Obinna Uballa Peace talks between the United States and Russia on Tuesday failed to produce a breakthrough, with Russian President Vladimir Putin doubling down on threats toward Europe and saying Russia is “ready” for war, even as diplomacy struggles to yield a resolution to the nearly four-year conflict in Ukraine. U.S. President Donald Trump’s…

Ad

The Niger State Government yesterday asked former Governor Babangida Aliyu to refund N2.9 billion.

A statement by Chief Press Secretary to the State Governor Dr. Ibrahim Dooba said the money was taken as loan on the eve of Aliyu’s departure.

It stated that although Governor Abubakar Bello would not witch-hunt any past leader, “the misappropriated money belongs to the people.”Babangida Aliyu refund new, state government

Read also: Corruption: Stop Criticising Buhari, We’re Clearing Your Mess, Presidency Replies PDP

He added: “They took this loan on the eve of their departure. And as was customary with that administration, they did nothing with the money.

“You can’t collect a loan on behalf of the people and share it among yourselves. That’s literally what they did. They simply raised a list and allocated money to those on the list.

“The office of the Secretary to the State Government (SSG), for example, was given N600 million. The records did not say what he would do with the money. Well, we want our money back. The money belongs to the people,” it said.

The statement added that the administration had prioritised the needs of the people, stressing that such looted but recovered funds would be expended on projects.

“Our people need food, shelter, security, roads, water and so forth. For example, the governor wants to start with the provision of potable water and in the coming weeks, we’ll provide water at predictable intervals to Nigerlites.

Read also: Army Court Martial Fires Major-General Otiki Over Missing N400M

“On the problem of electricity, we have started an arrangement to rent a power plant from overseas to provide regular electricity before a permanent solution is found.

“Also, Minna-Kataeregi road, Kontagora-Tegina, Minna-Suleja, Bakeko-Katcha, Kaffin-koro, Kuta-Sabon Gari and Maitumbi-Maikunkele roads among others, are receiving urgent attention,” it said

Ad

X whatsapp