MORE NIGERIANS EXPECTED TO FALL INTO POVERTY BY 2027 – WORLD BANK. (PHOTO).
More Nigerians expected to fall into poverty by 2027 – World Bank Despite Nigeria’s resources-rich status, more of the county’s citizens are expected to sink into poverty by 2027, the World Bank Group has said. This is contained in the World Bank’s Africa Pulse report released at the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, the United States. The report noted that sub-Saharan Africa has the highest extreme poverty rate globally, with a large share of the poor concentrated in a few countries. According to the Bretton Woods institution, about 80 percent of the world’s estimated 695 million extreme poor resided in the region in 2024, compared to 8 percent in South Asia, 2 percent in East Asia and the Pacific, 5 percent in the Middle East and North Africa, and 3 percent in Latin America and the Caribbean. “Within Sub-Saharan Africa, half of the 560 million extreme poor in 2024 resided in four countries,” the report highlight...
The EFCC,on August 2,2016 arrested a level six officer of the Accounts Department of the Federal Airports Authority of Nigeria,FAAN,Christy Olabode,for an alleged fraud to the tune of N100 million.Also arrested was her younger brother,Abdul-Shehu Obaze,a staff at the Commercial Department of FAAN in Ilorin,Kwara State,and Dominic Ojo,an IT officer at FAAN Heafquarters,Lagos.Her arrest followed an anonymous petition,which indicated that she allegedly diverted the said sum,by inserting names of non-FAAN staff into its payroll.She allegedly conspired with Obaze,to perpetrate the fraud.Obaze was found to have maintained not less than eight accounts in seven new generation banks,which were used to receive the funds for onward distribution to ''several high ranking officers within the FAAN''.The funds were being paid into his various bank accounts with the narrative,''Furniture Allowance''.However,while allowance for FAAN's furniture is usually paid once in three years,Obaze received the ''allowance'' several times within a year.Investigations carried out by the EFCC revealed that the fraud had gone on since 2013.It unearthed a payroll with names of many dead,retired and disengaged staff of FAAN listed against Obaze's different bank accounts.Upon interrogation,Obaze,a level nine officer,confessed that other FAAN officials were involved in the massive fraud,including Olabode's husband who works in the Human Resources department of FAAN.Olabode and Ojo currently enjoyed administrative bail,while Obaze remains in EFCC custody.They would be charged to court as soon as investigations are concluded.For now one picture is provided but i will upload the rest iif provided.One more photo below. 
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