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FG paid $700m on debt servicing, Edun tells Senate

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The Senate on Wednesday urged the Federal Government to intensify efforts in funding the capital components of the three national budgets running concurrently in the country.

The Chairman, Senate Committee on Appropriation, Senator Solomon Adeola gave the task when the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, and the Accountant-General of the Federation, Oluwatoyin Madein, appeared before the panel over the budgets’ performances.

Adeola lamented the poor funding of the capital components of the budgets and urged Edun to improve on it.

Adeola said, “It is the capital component of the budgets that will showcase this government largely in terms of performances.

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“The capital components tend to showcase various projects that will be executed by this government and people can say the government is doing this, it’s doing that.

“That is why we are emphasising the performance of the 2024 capital component of the project.”

Adeola added that “the N1.84 billion achieved so far out of a N9 trillion capital expenditure component is nothing to write home about.

“I would want you to please look towards this direction. And I want you to do more engagement with the Ministries, Departments and Agencies of the government.”

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Adeola urged the Minister to engage more with the MDAs because most of them were not aware of the current arrangement regarding the funding of capital projects.

The Senate panel chairman also hinted at plans by the red chamber to organise a public hearing on the Nigerian National Petroleum Company Limited which stakeholders in the oil and gas sector would be invited including the Finance Minister.

Adeola nevertheless commended the Minister for achieving 100 per cent funding for the 2023 supplementary budgets.

He said, “We did the supplementary budget, which we have achieved 100% release, which is highly commendable.

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“It will not be out of place for you to have a periodic report on the implementation level of these agencies so that at least you can be guided on why transiting to the new method of payment as you can be guided.

“As for the main 2023 budget, we are lagging by over 50 something per cent, I also strongly believe that we should work around the clock.”

The Finance Minister told the senators that the FG had made progress in its ongoing forensic investigation into the N30tn Ways and Means.

He also said that the take-off of the electric and Compressed Natural Gas vehicles has been held up by a spike in freight costs.

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Edun pledged that his ministry would intensify efforts in monitoring the revenue-generating agencies, adding that the debt service is up to date.

Edun said, “The procurement of electric and CNG buses and conversion kits, more importantly, has been held up by a spike in the freight costs.

“It’s just the ingenuity of one of the young men that is in that business that when I’ve got a bulk carrier that has a lower freight cost. Otherwise, the trade cost per bus became daunting and it made people just hold up to see whether this procurement was profitable for them.”

On debt payments, he said, “We have paid $700m in debt services for 420 national development agencies and others”

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Speaking on the Ways and Means, “We are also interrogating the N22.7tn that we met on the ground. We instituted a forensic audit to see the impact.

“We are also interrogating the revenues that are due to us from everybody because we need to. The view of the fact that ways and means are going down rather than up, so we are servicing all the debts.”

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Rivers LG administrator cautions workers to avoid any form of negligence in their duties

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The newly appointed administrator of Andoni Local Government Area of Rivers State, Mr Atajit Francis has warned staff of the council against negligence to duty.

Francis handed down the warning at Ngo, the council headquarters, shortly after resumption of duty.

The administrator who also met with the Head of the Local Government Administration said that the third tier of government requires diligence to deliver people-oriented services.

Francis further said that under his watch, underperformance and dereliction of duty would not be condoned.

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He stated, “While we are on the saddle, we shall reward diligence and hard work. We urge staff to work towards achieving set goals.

“My mandate is specified, they include sanitation, environmental development, job creation, primary education and primary health care.

“The essence is to positively impact the lives of our people, knowing that the local government is the closest tier of government to the people.”

Insisting that transparency and integrity were critical to effective grassroots development and service delivery, he said, “So I expect all staff to uphold the highest ethical standards and accountability in the discharge of their duties.”

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Recall that the Rivers State’s sole administrator, Vice Admiral Ibok-Ete Ibas (rtd) recently appointed administrators to oversee the affairs of the 23 local government councils in the state after he suspended the Heads of Local Government Administration appointment by Governor Siminalayi Fubara.

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Newcastle thrash Crystal Palace to go third in Premier League

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Newcastle soared up to third in the Premier League with a 5-0 thrashing of Crystal Palace on Wednesday to close in on a return to the Champions League next season.

Jacob Murphy, Harvey Barnes, Fabian Schar and Alexander Isak were on target for the Magpies, with Marc Guehi also scoring an own goal, as Newcastle made light of the absence of manager Eddie Howe due to pneumonia.

A sixth consecutive victory in all competitions opens up a five-point lead for Newcastle over sixth-placed Chelsea, with a place in the top five good enough for Champions League qualification.

Palace remain down in 12th with their season now fully focused on an FA Cup semi-final date with Aston Villa later this month.

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Newcastle travel to Villa on Saturday in a huge clash in the battle for European places.

But the League Cup winners are pulling away from the chasing pack for a top-five finish, buoyed by ending their 70-year wait for domestic silverware last month.

“That gave us huge confidence,” said Newcastle assistant manager Jason Tindall, who is was deputising for Howe, of lifting the League Cup.

“We were able to enjoy that for a period of time but we knew what our objectives were for the remainder of the season – to finish as high up the league table as possible.

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“The manager always leads and sets that example of never switching off. They’ve gone out there, been really consistent and delivering performances.”

Isak wasted two big early chances to open the scoring when he was firstly denied by a fine Dean Henderson save and then headed over from Murphy’s enticing cross.

Newcastle only had to wait until the 14th minute to open the scoring when Murphy blasted in a remarkable finish from a narrow angle.

– Eze fluffs penalty –

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Palace were gifted the chance to get back into the game when goalkeeper Nick Pope rushed off his line and wiped out Chris Richards in his attempt to punch the ball clear.

After a lengthy VAR check, a penalty was finally awarded.

However, Eberechi Eze’s lackadaisical spot-kick was easily collected by the relieved Pope.

Within a minute, Newcastle had doubled their lead when Guehi turned into his own net as he attempted to block Barnes’ cross towards Isak.

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The England defender has been regularly linked with a move to Tyneside and has now scored an own goal in each of Palace’s two meetings with Newcastle this season.

“There are some days where nothing works, and at the same time everything worked for Newcastle,” said Palace boss Oliver Glasner.

“We couldn’t deal with their intensity and directness and pace.”

It went from bad to worse for the visitors as Barnes continued his fine form with a composed finish for his fourth goal in three games.

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Murphy’s free-kick was then flicked in by Schar to make it 4-0 before the break.

The normally lethal Isak continued to be frustrated in front of goal as Henderson spread himself to deny another effort from point-blank range early in the second half.

However, the Swedish striker finally got his 25th goal of the season with a fine finish from outside the area just before the hour mark.

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Simon Ekpa engages new lawyer ahead of trial in Finland

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Simon Ekpa, the controversial Biafra separatist, has appointed a new legal representative ahead of his upcoming trial in Finland scheduled for June 2025.

In November 2024, Ekpa, a self-proclaimed leader of the proscribed Indigenous People of Biafra, IPOB, was arrested by law enforcement in Finland.

He was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media.”

Ekpa was said to have committed the crime in 2021 in Lahti municipality.

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He is accused of instigating violence and inciting terror in the South East of Nigeria through his social media pages.

Nigerian authorities have been demanding the extradition of Ekpa, a dual citizen of Finland and Nigeria, for prosecution.

However, the effort has been yielded the right result.

Last year, Mikko Laaksonen, the senior detective superintendent at the National Bureau of Investigation, NBI, in Finland, disclosed that a Finnish district court fixed May 2025 for the prosecution to file charges against Ekpa.

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Subsequently, Laaksonen said Ekpa will remain in custody until his trial since the alleged offence is not bailable.

In March, Nigeria sanctions committee (NSC) designated Ekpa and 16 entities as alleged terrorism financiers in the country.

The committee also ordered the freezing of the bank accounts connected to the alleged terrorism financiers.
According to BBC Pidgin, Ekpa has changed his lawyer because the previous one had “retired from service.”

Kaarle Gummerus, Ekpa’s new lawyer, said he had received the pre-trial file of his client and he is “currently checking through.”

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Gummerus added that Ekpa will appear in court in June 2025 to face trial.

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