MONDAY 19TH SEPTEMBER 2022

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Presidency: We Paid $311m Abacha Loot Directly to Contractors Says decision meant to prevent diversion by National Assembly, MDAs Adedayo Akinwale in Abuja The presidency yesterday revealed that the $311 million loot by the late former military Head of State, General Sani Abacha, which was repatriated to the country, had

been paid directly to contractors for various jobs executed for the government. It said the direct payment was to prevent the National Assembly and the Ministries, Departments and Agencies (MDAs) from diverting

the money. The federal government had in May received $311,797,866.11 as part of recovered assets of the former military dictator. The fund, which was repatriated from the United States and the Bailiwick

of Jersey, was committed to expediting the construction of the Lagos-Ibadan expressway, Abuja-Kano road, and the Second Niger Bridge, Senior Special Assistant to President Muhammadu Buhari

on Public Affairs, Ajuri Ngelale, explained during a virtual town hall meeting hosted on Twitter by the Asiwaju Bola Ahmed Tinubu Media Centre, how the presidency prevented the National Assembly from diverting the money.

While presenting the scorecard of the Buhari administration, especially, in the area of infrastructure, Ngelale said the country would not be able to Continued on page 5

Atiku: We’re Proud of Our Presidential Campaign Members...

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Monday 19 September, 2022 Vol 27. No 10023. Price: N250

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Don't Use Tech to Rig 2023 Polls, Catholic Bishops Warn INEC...

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Rising Fiscal Headwinds, IMF Harps on Improved Domestic Revenue Mobilisation Reiterates need to end petrol subsidy NASS may amend Finance Act to address N11.03trn 2023 budget deficit, Senator reveals Sunday Aborisade in Abuja and Ugo Aliogo in Lagos The International Monetary Fund (IMF) has called on Nigeria’s policymakers to develop measures to drive domestic revenue

mobilisation in order to reduce fiscal vulnerabilities and create policy space. IMF Resident Representative for Nigeria, Mr. Ari Aisen, said this at the weekend in Lagos, in a keynote address at the Financial Markets Dealers

Association (FMDA) quarterly meeting. The forum, which had the theme, “Nigeria Macroeconomic Developments and Outlook: IMF View,” was hosted by First Bank of Nigeria Limited.

Aisen reiterated the need for Nigeria to permanently remove fuel subsidy in line with the Petroleum Industry Act, and in order to boost revenue. The IMF chief’s advice came amid indications that the

National Assembly might amend the Finance Act once more to address the N11.03 trillion deficit being proposed in the 2023 Appropriation Bill and the country’s increasing debt service cost over revenue. The total budget

size is N19.76 trillion. Chairman, Senate Committee on General Services, Senator Sani Musa (APC Niger East), hinted the possible amendment of the Continued on page 5

Osinbajo, Biden, Macron, Other World Leaders Gather in London for Queen Elizabeth's Funeral Today She was monarch for all seasons, says vice president King Charles issues thank you message to the world Deji Elumoye in Abuja Nigeria’s Vice President, Prof. Yemi Osinbajo yesterday joined world leaders which included United States President Joe Biden; President of France, Emmanuel Macron; Prime Minister of Canada, Justin Trudeau, among several others in London for the final funeral of Queen Elizabeth II which holds today.

The Queen would be laid to rest this morning at the end of an official 10-day period of mourning. Two thousand people including foreign royals, world leaders, presidents and prime ministers would flock to the gothic church for a day of pageantry, military processions and solemnity in honour of the late Queen. Continued on page 5

TRIBUTE TO THE QUEEN... Vice President Yemi Osinbajo signs the condolence register of Her Majesty Queen Elizabeth II at the Lancaster House, UK…yesterday

Tinubu AppointsYahaya Bello National Youth Coordinator of Presidential Campaign Council...

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