New telegraph monday, may 2, 2016

Page 1

Air Force refunds N19.44bn to Stabilisation Account

Abdulwahab Isa Abuja

T

he Nigeria Air Force (NAF) has paid back N19.44 billion to the Stabilisa-

tion Account, the sum it borrowed to fund some of its key operations, New Telegraph has learnt. The Air Force repaid both the principal amount and accruing interest in three instalments, a docu-

ment sighted yesterday by this newspaper revealed. The document was, however, silent on purposes the funds were put to use and dates they were secured. But a source familiar

with the Nigeria Air Force operations, said that the larger part of the funds might have been deployed to acquiring hardware to aid in dislodging insurgent activities in the NorthEast.

The repayments were in three tranches; N9.5 billion, N7.9 billion and N2.04 billion. A serving Commissioner with the Revenue Mobilisation Allocation and Fiscal Commission

(RMAFC), who was privy to the repayments, had reportedly informed members of Federation Account Allocation Committee (FAAC) at their last meeting in Abuja. CONTINUED ON PAGE 4

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Monday, May 2, 2016

Aggrieved PDP members move to stop convention }4

/newtelegraph /newtelegraph

Vol. 3 No. 803

Sheriff

Assassination attempt: Deputy governor lied –Edo govt }40

Odubu

Cultists kill 19 in Rivers villages }9

@newtelegraph1 www.newtelegraphonline.com @newtelegraph1 www.newtelegraphonline.com

Wike

I’ve sold 4,256 stolen phones – NURTW chieftain }9

N150

Bamidele

May Day:

Workers lament poor welfare, unpaid salaries lDeputy gov booed in Benue lOndo civil servants boycott celebration lLabour leaders decry Buhari’s absence at rally lGovs shun rallies }2, 6, 7

Plateau State teachers displaying four fingers indicating nonpayment of four months salaries during the May Day rally in Jos…yesterday.

Sultan: Don't blame herdsmen for Agatu, Enugu killings lPro-Biafra group berates Northern governors

}3

Insufficient sleep damages the heart –Study }10


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