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http://ift.tt/2qFt715 Tambuwal said:” A situation where the federal government is now getting more money than the states and local governments should change. Governor Aminu Tambuwal of Sokoto State has called for an urgent review of the revenue allocation in favour of the states and local governments. The News Agency of Nigeria ( NAN)reports that Tambuwal spoke on Monday in Sokoto, when he opened the 2017 Law Week of the state branch of the Nigerian Bar Association( NBA). Tambuwal said:” A situation where the federal government is now getting more money than the states and local governments should change. ” The formula should therefore be urgently reviewed, so that the states and local governments will get more than what they are getting now. ” This will definitely help them to solve the current economic challenges bedeviling them, as well as execute more people-oriented projects.” Tambuwal also frowned at the nomination of representatives of the states into federal commi...

http://ift.tt/2pOaOC8 PHOTO:AFP Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African economic giant is finally looking to exit its first recession in decades. On Thursday, parliament approved the government’s ambitious seven-trillion-naira ($23-billion) budget to “pull the economy out of recession as quickly as possible”. The plan, bolstered by improved output in oil production and a potential billion-dollar World Bank loan, aims to kick-start growth through rail, ports and power projects. In January, the International Monetary Fund (IMF) said it expected Nigerian growth to hit 0.8 percent for 2017 and 2.8 percent in 2018. Others are more optimistic. “Growth of 2.0 percent (in 2017) is totally possible,” said Moody’s analyst Aurelien Mali at the ratings agency’s annual West Africa conference in Lagos this week. “Import figures ...

http://ift.tt/2pmEPxC The court also ordered Mohammed to produce two sureties in like sum that must be a serving senator and a director in the Federal Civil Service, with landed property in the FCT. Justice Abubakar Talba of FCT High Court, Gudu, on Friday granted bail in the sum of N500million to the former FCT Minister, Sen. Bala Mohammed. The court also ordered Mohammed to produce two sureties in like sum that must be a serving senator and a director in the Federal Civil Service, with landed property in the FCT. The sureties must possess certificate of occupancy of the said property, and evidence of payment of tax in the last three years. The defendant was also ordered to deposit his international passport with the registrar of the court. The bail conditions was determined and confirmed by the EFCC prosecutor, Mr Johnson Ojogeane and the defence counsel, Chief Chris Uche (SAN). The date for hearing was fixed on July 4. Justice Talba had stood down the ruling for the b...

http://ift.tt/2qcDqa6 Samson Chijioke Ugwoke The whistleblowing which led to the indictment of two university vice chancellors for fraud was not done for financial gains, the Senior Staff Association of Nigeria Universities (SSANU), has said. SSANU National President, Samson Ugwoke, told the News Agency of Nigeria (NAN) in Lagos that its members exposed the fraud in the institutions to restore fiscal sanity in the university system. NAN recalls that two university vice chancellors and other principal officers in the institutions are being prosecuted for fraud. They were Prof. Adebiyi Daramola of Federal University of Technology, Akure and his counterpart at Federal University of Agriculture, Abeokuta, Prof. Olusola Oyewole. “No SSANU member has ever received 2.5 per cent reward for whistleblowing because if we do so, it would seem as if the interest is in the money. “Remember that when we started all these, nobody has ever promised that if you blow whistle you would recei...

http://ift.tt/2pnGXVP Real Madrid's French coach Zinedine Zidane gestures during a press conference at Valdebebas Sport City in Madrid on May 9, 2017 on the eve of their Champions League semi final second leg football match against Atletico de Madrid. / AFP PHOTO / PIERRE-PHILIPPE MARCOU Zinedine Zidane insists he will have no divided loyalties after leading Real Madrid to a second consecutive Champions League final where they will meet his old club Juventus on June 3. Real withstood a first-half onslaught from local rivals Atletico Madrid to progress 4-2 on aggregate despite losing 2-1 in their semi-final, second leg on Wednesday. Italian champions Juventus await, who Zidane left for a then world record fee when he first joined Real as a player in 2001. “For sure it is special because it was a very important club for me as a player. It is a club that also gave me everything,” said Zidane. “Now, though, I am with Real Madrid, the club of my life and it will be a great ...