BUHARI, ABBAS, AKUME, OTHERS AMONG AS WIKE REVOKES ALLOCATION OF 762 FCT LANDOWNERS. (PHOTO).

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 𝐁𝐮𝐡𝐚𝐫𝐢, 𝐀𝐛𝐛𝐚𝐬, 𝐀𝐤𝐮𝐦𝐞, 𝐎𝐭𝐡𝐞𝐫𝐬 𝐀𝐦𝐨𝐧𝐠 𝐚𝐬 𝐖𝐢𝐤𝐞 𝐑𝐞𝐯𝐨𝐤𝐞𝐬 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝟕𝟔𝟐 𝐅𝐂𝐓 𝐋𝐚𝐧𝐝𝐨𝐰𝐧𝐞𝐫𝐬 Nyesom Wike, the Minister of the Federal Capital Territory, has revoked the lands allocated to several prominent Nigerians, including former President Muhammadu Buhari, Speaker of the House of Representatives Tajudeen Abbas, and Secretary to the Government of the Federation George Akume, due to non-payment of Certificate of Occupancy fees. Also, 759 other prominent figures and organisations in Maitama II, Abuja. were also affected by the revocation which was for non-payment of Certificate of Occupancy. This was contained in a publication by the FCT Administration and made available to newsmen by the Special Adviser to the FCT Minister, Lere Olayinka. In a separate publication, the minister also threatened to revoke lands belonging to the Minority Leader of the House of Representatives, Kingsley Chinda; former presidents of the Sena...

UKRAINE ESTIMATES $565BN AS COST OF DAMAGE CAUSED BY RUSSIAN INVASION. (PHOTOS).


Ukraine Estimates $565bn As Cost Of Damage Caused By Russian Invasion

The Ukrainian government estimated Monday the economic damages losses from the Russian invasion, which has been underway for just over one month, at nearly $565 billion.
Economy Minister Yulia Svyrydenko said on Facebook that the $564.9-billion (515.8-billion-euro) estimate includes immediate damage plus expected losses in trade and economic activity.

"It should be noted that every day the numbers change and unfortunately they are increasing," said Svyrydenko, who is also a deputy prime minister.

Damage to public and private property -- with Russian forces resorting to fierce bombardments that have levelled some cities as their invasion, which began February 24, has stalled -- was the biggest element.

Svyrydenko said public infrastructure losses -- including damaged roads, railways and airports -- totalled $119 billion, while damage to private property including housing was up to $90.5 billion.
Damages and losses suffered by private firms were put at $80 billion.

Svyrydenko estimated gross domestic product in 2022 would be down by $112 billion, which would be a drop of more than 55 percent of Ukraine's economic activity last year.
Ukraine's government will likely miss out on $48 billion in tax revenue, $54 billion in foreign direct investment will likely not materialise.

AFP

Photo Credit: ForeignPolicy.
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