Connect with us

EVENTS

The Senate on Wednesday, May 15, approved President Bola Tinubu’s request to obtain a loan of $500 million to finance the mass metering programme of the F.G.

Published

on

Spread the love

The Deputy Senate President, Barau Jibrin, who presided over the plenary, announced the approval after a majority of the lawmakers supported it through a voice vote.

The upper chamber approved the fund for the Bureau of Public Enterprises (PBE) after considering a report of its Committee on Local and Foreign Debt, presented by Haruna Manu, its vice chairman. “The programme development objective of this project is to improve financial and technical performance of electricity distribution companies,” the Senate report said.

The 500 million US dollar loan is part of the $7.94 billion loan which President Tinubu sought the Senate’s approval for on November 1st 2023 under the 2022-2024 external borrowing plan. The President also sought approval for €100 million. However, the Senate approved borrowing $7.4 billion during its special plenary on December 30.

EVENTS

“Putin will go all the way, he has no choice”

Published

on

"Putin will go all the way, he has no choice" © Pixabay
Spread the love

He said it, he repeated it, and he continues to proclaim it. Putin wants to conquer Ukraine, according to him, it’s a matter of survival for Russia.

For the head of European diplomacy, Josep Borrell, “the success of the Russian Federation depends on its ability to attract the greatest possible number of people to the battlefield. And if we don’t change course quickly, if we don’t mobilize all our capacities, this will allow Putin to win the war in Ukraine”.

Alexander Musienko, head of the Ukrainian military legal research center, estimates “the projects that Russia has absolutely failed to achieve. They should have captured all of Ukraine long ago, but they simply cannot. And they will constantly need reinforcements, they will bring in more and more forces, but they will not be able to achieve their goals. Everyone knows that Putin will go all the way, he has no choice, there is no way back.”

Despite this, Musienko is optimistic:

“They have problems with personnel, there are problems with the manning units, there are problems and gaps with the personnel, while on paper everything is fine, but in reality, de facto, these forces do not exist. It doesn’t work with the Russians.”

(MH with FM/Source: The Guardian/Nexta/Photo: Pixabay)

Continue Reading

EVENTS

Flooding: Atiku visits Borno donates N100 million Naira to flood victims

Published

on

Atiku Abubakar
Spread the love

Atiku Abubakar, former Vice President of Nigeria (1999-2007), visited the Shehu of Borno, HRH Abubakar Ibn Umar Garbai Al-Amin, to express sympathy for the recent devastating flooding in Maiduguri.


While in the state, Atiku donated N100 million Naira to the flood victims. He also offered prayers for the souls of those who lost their lives, for the speedy recovery of the injured, and for those who lost their properties.

Continue Reading

EVENTS

EFCC Arrests Five Chinese for Alleged Illegal Mining in Uyo

Published

on

Spread the love

 

Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission EFCC, have arrested five suspected illegal Chinese miners at Ndito-Eka-Iba village, in Ibieno Local Government Area of Akwa Ibom State.

The five alleged illegal miners were arrested by the “Special Task Force on illegal Mining” at the Commission’s Zonal office in Uyo, following credible intelligence on the illegal activities of foreign mining companies within Eket and Ibieno Local Government Areas of Akwa Ibom State.

The arrested Chinese suspects are: Zhon Qinping arrested on September 10, 2024 at Ibieno Local Government Area, while Li Yi, Xie Bin, Chen Mou Zhou and Chen Zeng were arrested on August 29, 2024 at the same location.

They were all arrested at an illegal mining site of a mineral suspected to be ilmenite, a titanium- iron oxide mineral.

The suspects would be charged to court as soon as investigations are concluded.

Visit www.efcc.gov.ng for more stories

Continue Reading

Trending