WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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CENTRAL BANK OF LIBYA RESUMES OPERATIONS AFTER RELEASE OF DIRECTOR. (PHOTO).

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 Central Bank of Libya Resumes Operations After Release Of Director


The Libya’s Central Bank (CBL) has resumed its operations after an abducted bank official was released.


CBL announced in a statement that it would resume operations, citing the release and safe return of Musab Msallem, its head of information technology.


Msallem was abducted on Sunday morning by an “unknown party” and this prompted the Central Bank to halt all operations pending his release.


The kidnap occurred a week after armed men attacked the central bank’s headquarters in Tripoli.


Reports say the primary motive behind the attack was to force the resignation of the Central Bank, Seddik al-Kabir whom have been in office since 2012.


Kabir has been scrutinised, even by individuals associated with Prime Minister Abdulhamid Dbeibah, for the way Libya’s oil resources and the state budget are being handled.


The central bank is the only internationally recognised depository for Libyan oil revenues, which provide vital economic income for a country torn for years by conflict between two rival governments in Tripoli and Benghazi.

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