EL-RUFAI TO REMAIN IN CUSTODY AS COURT ADJOURNS BAIL APPLICATION TO APRIL 14.(PHOTO).

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 El-Rufai to remain in custody as court adjourns bail application to April 14 Justice Rilwanu Aikawa of a Federal High Court in Kaduna has adjourned the hearing of the bail application filed by former Kaduna State governor, Nasir Ahmad El-Rufai, to April 14th. The bail application of the former governor came up before the court today. April 1. The court adjourned the case after listening to arguments from both the defence and prosecution  El-Rufai was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a 10-count charge bordering on alleged conversion of public property and money laundering. He pleaded not guilty to all the charges. The court ordered that he remain in ICPC custody pending the hearing of his bail application on the fixed date. The former governor arrived at the court premises around 9:00 a.m. in a black Hilux vehicle, accompanied by DSS officials.

IMF JOINS WORLD BANK IN SUPPORTING UKRAINE,APPROVES $1.4BN EMERGENCY FINANCING. (PHOTO).


IMF Joins World Bank In Supporting Ukraine, Approves $1.4bn Emergency Financing

The International Monetary Fund (IMF) says its executive board has approved $1.4 billion in emergency financing to support Ukraine amid the ongoing war with Russia.

The Washington-based institution, in a statement, said the executive board gave its approval on Wednesday night.

According to IMF, the support comes from its rapid financing instrument (RFI).

The RFI provides rapid financial assistance available to all IMF member countries facing an urgent balance of payments need.

Kristalina Georgieva, IMF managing director, said the Russian military invasion of Ukraine has been responsible for a massive humanitarian and economic crisis.

She said the “tragic loss of life, huge refugee flows, and immense destruction of infrastructure and productive capacity is causing severe human suffering and will lead to a deep recession this year.”

“Financing needs are large, urgent, and could rise significantly as the war continues.”

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