FORMER BANK OF CHINA CHAIRMAN SENTENCED TO DEATH ON CORRUPTION CHARGES. (PHOTO).

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 Former Bank of China chairman sentenced to death on corruption charges Liu Liange, former Party chief and chairman of Bank of China, was sentenced to death with a two-year reprieve in a first-instance trial on Tuesday for accepting large sums in bribes. The sentence was delivered by the Jinan Intermediate People's Court in East China's Shandong Province, according to China Central Television (CCTV). During his tenure from 2010 to 2023, Liu took bribes of 121 million yuan ($16.7 million) to assist with loans, projects, and personnel arrangements. He approved illegal loans amounting to 3.32 billion yuan from 2017 to 2020, causing losses of over 190.7 million yuan. Liu was sentenced to death with a two-year reprieve, stripped of his political rights for life and had all personal assets seized. He also received a 10-year prison term and a 150,000 yuan fine for illegal loan issuance. His illicit gains and their proceeds will be seized and handed over to the state treasury, accordin
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NIGERIAN ECONOMY IS STILL VERY TOUGH, BUT A WORSE SITUATION IS STILL COMING- PRIMATE ELIJAH AYODEOE WARNS TINUBU. (PHOTO).

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 Nigerian economy is still very tough, but a worse situation is still coming– Primate Elijah Ayodele warns Tinubu


The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, on Tuesday warned President Bola Tinubu about the situation of the Nigerian economy and what is to come.


Primate Ayodele said the Nigerian economy is still very tough, but a worse situation is still coming.


In a statement signed by his Media Aide, Oluwatosin Osho, the prophet, who foretold the current economic situation of Nigeria two years ago, advised the President to work on how to make the country better because what is coming ahead is tougher than what is currently being experienced.


He said: “The Nigerian economy is still very hard; everyone is just managing, but what is coming isn’t small at all. It will be tougher than what we are experiencing. This is not a doom prophecy but what is going to happen, and it would be better for the President to listen because it won’t be business as usual.”


Primate Ayodele stated that it appears there is a force troubling the Nigerian economy and that it needs urgent healing.


“It’s like there is a force troubling the Nigerian economy that needs urgent healing. Whatever the government can do to arrest the situation, they should do it because what I am seeing ahead isn’t palatable. There is an urgent need to address the situation of things.”


Furthermore, Primate Ayodele revealed that the country will continue to borrow money and the budget will eventually not be enough to address the situation of Nigeria. “The Nigerian economy will be stagnant in 2025, and the budget will not even be enough to cater for the nation. We will still need to borrow more money to meet up. The government must work well to take care of the situation,” he added.

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