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Showing posts from December 6, 2014

FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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A DEPUTY CONTROLLER OF PRISONS IN KOGI STATE,JAILED YESTERDAY FOR FRAUD.

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               Joseph Idachaba,a Deputy Controller of prisons was sentenced to seven years in prison by a High Court in Okene in Kogi state yesterday friday  for defrauding the Nigerian Prisons Service {NPS} of over N1.4million.He was arraigned alongside with Ruth Onoja,for fraudulently transferring N1.4 million from NPS bank accounts to that of a ghost staff named Mohammed Ugbede,in February.They were trailed on a three count charge of criminal conspiracy,falsehood and fraud levelled against them by the Economic and Financia Crimes Commission {EFCC}.The Judge said that the convict had initially admitted to the commission of the crime in his statement,but later turned around to deny it.The judge based his judgement on the prosecution because they proved beyond reasonable doubts  that the suspects intention was to defraud the Nigerian prisons of N1.4 million and ''To believe the story of the 1st accused in the face of the overwhelming evi...
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THE NIGERIAN ARMY,TAKES OVER MUDI IN ADAMAWA STATE.

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                      According sources,the Nigerian Army has completed its operation in Mudi Adamawa state in clearing terrorist who had formally renamed the town to Madina,carrying out attacks from there and its environs.Members of the terrorists group were dislodged after coordinated air and land operations in the area.More troops are being deployed to other areas in the north east axis in similar coordinated air and land operations to rid the communities of terrorists.A top military officer said ''In their attempt to escape the intensity of the military officers,desperate terrorists have resorted to attacking soft targets in neighbouring communities.The people must be courageous and brave enough in identifying the terrorists that mostly known to be locals to enable the military curtail the excesses of the insurgents.We are working assiduosly to also tackle the activities of moles,some very young,who spy for terrorists and invite...
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