FEC okays $242.2m World Bank loans for Lagos

The Federal Executive Council (FEC) yesterday approved two World Bank loans of $242.2 million (over N40 billion) for infrastructural development in Lagos State.Addressing reporters after the FEC meeting presided over by President Goodluck Jonathan, Minister of Information Labaran Maku said the first loan of $200 million from the International Development Association (IDA) was for the Second Lagos State Development Policy Operation.

Nigeria’ll implement UN Arms Trade Treaty

President Goodluck Jonathan has promised Nigeria’s commitment to the implementation of the United Nations (UN) Arms Trade Treaty (ATT) of April 2013.The President spoke yesterday at a three-day National Stakeholders’ Consultative Forum on Illicit Arms and Light Weapons, which opened on Monday in Abuja.Represented by the Minister of Interior Abba Moro, the President said the ATT was in the best interest of Africa.He urged countries that had not implemented the ATT in Africa to do so to fast-track its implementation.

Nigerian Senators Negotiate Bribe To Endorse Report On Missing Petro-Billions

A credible source at the Nigerian Senate has told SaharaReporters that members of the Senate Committee on Finance led by Senator Ahmed Makarfi have been offered unspecified amounts of bribe by agents of Nigeria’s Minister of Petroleum Resources, Diezani Alison-Madueke, and officials of the Nigerian National Petroleum Corporation (NNPC), to endorse the committee’s interim report on billions of dollars in crude oil sales that Sanusi Lamido Sanusi, suspended Governor of the Central Bank of Nigeria, claimed were never accounted for.Last week, the 11-member committee prematurely released an interim account that sought to absolve Ms. Alison-Madueke and NNPC officials,

African leaders’ plan against terrorism

The decision of African leaders to set up a committee that will fashion out a framework for tackling terrorism is a welcome response to the increasing activities of terrorists in different parts of the continent.The committee, made up of ministers from selected countries, was set up in South Africa during the meeting between President Goodluck…

Weapons found in Zamfara lawmaker’s house

FROM ATTAHIRU AHMED GUSAUFear has gripped residents of Gusau,  the Zamfara State capital  following the discovery of  arms and ammunition, including grenade  in  the residence of a lawmaker(names with held) in the state by security operatives.As the news of the scary discovery spread in Gusau and neigbouring Tsafe town,there was panic and tension as motorists…