Connect with us

News

Uncovered! World Bank exposes $32m missing funds in Nigeria’s water project

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

In Nigeria’s water project, the World Bank has discovered $32 million in undeclared payments.

The banks recently released their FY2024 Sanctions System Annual Report, which included this information.

According to the study, the lost monies were meant to improve Nigeria’s water infrastructure but were not properly accounted for, which led to an intervention to protect the project’s integrity.

“INT followed up on risks identified regarding a project in Nigeria’s water sector and flagged to operations the risk, which was associated with $32 million of unaccounted funds.”

Advertisement

The World Bank worked with the project team, which included the operations manager, financial management expert, and task team leader for Nigeria, in an effort to retrieve the money.

While $6 million is still in the project account to cover expected operating costs, the Central Bank of Nigeria has requested reimbursement of $22 million.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post.

Advertisement
Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

Insecurity: Gunmen abduct ex-Defence spokesperson Maj-Gen Rabe Abubakar, wife in Katsina

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

Suspected bandits have kidnapped retired Major General Rabe Abubakar, former Director of Defence Information, and his wife on Matazu Road in Katsina State.

Security sources told PRNigeria that the couple was ambushed on Saturday morning, May 30, 2026, while travelling in a red Peugeot 504 saloon car.

The gunmen intercepted the vehicle and whisked the retired officer and his wife to an unknown location.

Advertisement

The driver escaped with gunshot wounds and is receiving treatment at a nearby hospital, a security source said.

The former DDI and his wife were waylaid by armed men on the route. The driver escaped with gunshot injuries and is receiving medical attention,” the source stated.

Security forces have launched search-and-rescue operations and deployed intelligence assets to track the abductors, according to the source. Official confirmation from the military was still pending at press time.

—Rising concern in Katsina—

Advertisement

The abduction comes amid persistent insecurity in parts of Katsina despite ongoing military operations against bandit groups in the North-West.

In recent years, several serving and retired security personnel have been targeted on highways linking Katsina to neighbouring states. PRNigeria reports that criminal groups now see high-profile individuals, including retired military officers, as lucrative targets.

Maj-Gen Abubakar served as Director of Defence Information and was one of the Nigerian military’s most visible spokespersons during the counterinsurgency campaign against Boko Haram.

The incident is expected to renew calls for stronger security along major highways and rural communities in Katsina, where residents continue to face kidnapping and banditry.

Advertisement

Credit :PRNigeria

Continue Reading

News

Police nab two for attempted theft of two-week-old baby in Abia

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Abia State Police Command has nabbed two suspects for conspiracy, attempted child theft and possession of hard drugs.

The Command which made this known on Saturday, named the suspects as Nzubechi Chinagorom and Chinonso Chibundu, indigenes of Olokoro, Umuahia South LGA of the Abia State.

In a statement signed by DSP Maureen Chinaka, the Police Public Relations Officer, the Command said its officers apprehended the suspects through actionable intelligence, in collaboration with Olokoro vigilante personnel.

She stated that the suspects went to the residence of one Miss Amarachi Chinyereugo and attempted to forcibly take away her two-week-old baby girl.

Advertisement

DSP Chinaka said that the Nzubechi Chinagorom allegedly stabbed the nursing mother with a kitchen knife during a struggle, causing the baby to fall and hit her head on ground.

The police spokesperson said that the two suspects fled from the scene and ran into a nearby bush on realizing that the nursing mother, Miss Amarachi Chinyereugo cried out for help.

She added that the suspects were later apprehended at a bus stop

where they had reportedly gone to take hard drugs.

Advertisement

“The mother and child were immediately rushed to the hospital, where they received treatment and have since recovered.

“The suspects were apprehended, exhibits were recovered and investigation has been conducted at the State Criminal Investigation Department (SCID). Suspects will be charged to court on 2/06/2026,” Chinaka said.

Continue Reading

News

Former Labour Minister Ikenya wins Taraba PDP governorship primaries

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Ex-Minister of Labour and Productivity, SellJoel Ikenya, has been declared winner of the governorship primaries conducted by the Tanimu Turaki-led faction of the Peoples Democratic Party, PDP, in Taraba State.

Mr Felix Hyat, the chairman of the election committee, who announced the results in Jalingo on Saturday, said Ikenya scored 34,173, to defeat Mr Dinshiya Usman, who polled 4,853.

Hyat, who described the exercise as free, fair and transparent, commended the state working committee of the party for the peaceful conduct.

Ikenya, in his acceptance speech, pledged to revive Taraba to her days of glory if elected governor in 2027.

Advertisement

“I will transform Taraba; I will change the state from salary base, to an industrialised state.

“My desire is to also revive the state infrastructure and attract more investors to boost the economy,” he said.

The governorship candidate, however, denied the allegations of factional PDP in Taraba.

“There is no factional PDP in Taraba; I don’t know where the other people are coming from.

Advertisement

“PDP in Taraba is one, and we do not have any faction in the state. We are working as one united family to reclaim our mandate from Gov. Agbu Kefas of the All Progressives Congress (APC),” he said.

The News Agency of Nigeria (NAN) reports that, the Nyesom Wike led faction of the party had recently declared senator Emmanuel Bwacha as its governorship candidate in Taraba.

NAN

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News