MEDIA ORGANISATIONS TO ENJOY FINANCING AT SINGLE-DIGIT INTEREST RATES- FG. (PHOTO). #PRESS RELEASE

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 Media Organisations to Enjoy Financing at Single-Digit Interest Rates - FG  President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office.   According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria. “Let me say that the Federal Ministry of Information and National Orientation under my leadership, as part of our five pillars, will support all media platforms in this country, whether they are public or private. “I can tell you that the President has directed the Federal Ministry of Industry, Trade and

ALLEGED BUDGET PADDING: SERAP SUES AKPABIO OVER REFUSAL TO RECALL NINGI. (PHOTO).


 Alleged budget padding: SERAP sues Akpabio over refusal to recall Ningi


The Socioeconomic Rights and Accountability Project, SERAP, has instituted a legal action against the Senate President, Godswill Akpabio, over the failure to recall Bauchi Central Senator, Abdul Ningi.


SERAP also sued Akpabio over his inability to refer the budget padding allegation to the Economic and Financial Crimes Commission, EFCC, for prosecution.


Ningi had raised an alarm that N3.7 trillion was untraceable in the 2024 budget.


His allegation led to a three-month suspension by the senate following his inability to substantiate the budget padding allegation.


Following his suspension, activist lawyer, Femi Falana had charged the Senate to reinstate Ningi, a demand that has not been met.


However, SERAP posted on X: “BREAKING: We’ve sued the Senate President, Mr Godswill Akpabio over the failure to recall whistleblower Abdul Ningi, and to refer the alleged N3.7 trillion budget padding to the EFCC and ICPC for investigation and prosecution.”

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