UPDATE: GOV. OTTI SIGNS 2025 BUDGET, PLEDGES COMMITMENT TO INFRASTRUCTURAL DEVELOPMENT. (PHOTOS).

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Abia State Governor, Dr. Alex Otti, has signed into law a budget of Seven Hundred and Fifty Billion, Two Hundred and Eighty-Two Million, Two Hundred Thousand Naira (750,282, 200,000₦750,282,200,000 for the 2025 fiscal year. Speaking while assenting to the bill passed by the Abia State House of Assembly, Governor Otti commended the lawmakers for their diligence in scrutinizing and passing the appropriation bill promptly. He described the budget as a tool that would empower his administration to deliver on its promises to the people of Abia State as well as drive infrastructural development and sustain economic growth. “I want to thank specially, the House members and the leadership of the House for doing such a thorough job in record time. I want to commend you for being thorough. That’s actually what our government is about. “We pride ourselves as a serious-minded government, so anything we present, we are ready for scrutiny, and I want to thank you for a great job you did in scrutiniz...
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EX-CBN GOV. EMEFIELE GETS N50M BAIL. (PHOTO).

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 Ex-CBN Gov Emefiele gets N50m bail


Justice Rahman Oshodi of an Ikeja Special Offences Court on Friday granted embattled former Central Bank of Nigeria (CBN) Governor Godwin Emefiele N50m bail. 


Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud  to the tune of $4.5 billion and N2.8 billion.


Justice Oshodi, in his ruling, admitted Emefiele to N50 million bail with two sureties in like sum.


Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.


He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.


The judge said  he was satisfied  with the bail conditions of N1 million, earlier given  to  Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat  of Yaba High Court.


Oshodi, however, said the  bail documents must  be transferred to special offences court and registered in the Lagos State Bail Management System.

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