Wednesday July 11 2018 Edition

Page 1

Wasting Abacha’s N116.26b loot through poverty

P

RESIDENT Muhammadu Buhari adores the late General Sani Abacha, a former Head of State who died in office in 1998. The basis of Buhari’s relationship with Abacha is cloudy, considering who Abacha was. Uncharitable ones claim Buhari’s hero-worshipping of Abacha is in appreciation of his appointment as Executive Chairman of the Petroleum Trust Fund, (PTF),

The Oracle Today Comment

a government intervention agency that still got funds to fix infrastructure, though crude oil prices crashed to as low as $10 per barrel. ABACHA is back in Buhari’s life, in a manner that keeps dredging up the PTF days. There was applause over

The

VOX POPULI SACRUM

PTF’s performances until a scrutiny of its books. Olusegun Obasanjo, former President, probed PTF. In the midst of his tiff with Buhari last January, Obasanjo stated he regretted not implementing the PTF report. It was said to have indicted

Buhari’s management of the agency. Obasanjo simply abolished PTF. SOME THINGS make Abacha a concurrent memory. His loot is being recovered from banks all over the world, 20 years after his departure. The other is Buhari’s incongru-

racle

ISSN: 2545-5869

By FELIX OGUEJIOFOR ABUGU

E

VEN without the controversy over alleged cut in the budget for the 2nd Niger Bridge in the 2018 fiscal estimates, there were already clear indications that the much-politicised project would suffer more setbacks in the current dispensation. Shortly after signing the 2018 appropriation on Wednesday, 21 June 2018, Buhari complained to the nation the National Assembly had “drastically” cut the provisions in the 2018 budget for some “key” national projects, such as the 2nd Niger Bridge. “The provisions for some nationally/regionally strategic infrastructure projects such as counterpart funding for the Mambilla Power Plant, Second Niger Bridge/ancillary roads, the East-West Road, Bonny-Bodo Road, Lagos-Ibadan Ex-

From Chuks Collins, Awka

T

HE the Indigenous Peoples of Biafra (IPOB) has appealed to the United Nations, Britain, the United States of America and other nations to intervene and ask the Nigerian Government to produce its leader, Mazi Nnamdi Kanu. The group alleged that the Nigerian Army abducted him when it raided his home with deadly intent on 14 September 2017, leading to the death of 28 people. In a press statement released in Awka, the Anambra State capital on Tuesday, IPOB’s Media and Publicity Secretary, Emma Powerful noted that, “with the recent leaked intelligence report on the whereabouts of our leader, wide-

HIV drug: Ezeibe gets FG grant From BONIFACE OKORO, Umuahia

Govt slams oil firms over losses F

Nnamdi Kanu: IPOB raises new alarm to UN, US

Cont’d on page 2

Cont’d on page 47

ederal government has raised new operations parameters for players in the petroleum industry, demanding commitment towards addressing host community issues that affect operating environment in order to achieve

Today

VOL.3 No.27 N200

•Contract terms, execution plan unclear •FG didn’t commit funds to project •NASS 2018 budget cuts final excuse

By SOPURUCHI ONWUKA

Cont’d on page 24

www.oraclenews.ng

2nd Niger Bridge finally stalled WEDNESDAY JUly 11, 2018

ous defence of Abacha’s integrity. NOTHING would change Buhari’s impression of Abacha, he confessed. “No matter what opinion you have about Abacha, I agreed to work with him and the roads we did from PTF exist from here to Port Harcourt, to Onitsha, to Benin and so on,” Buhari told the Buhari Support Organisation (BSO),

drastic cost reduction and improved efficiency in delivering national economic aspirations. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who delivered his remarks at Nigerian

Page 18

Oil and Gas (NOG) conference and exhibition in Abuja blamed multinational oil companies for the crisis in the Niger Delta, pointing at environmental rascality that has groomed agitations and protests

that currently weighed down the industry. Dr. Kachikwu said persistent attacks on oil facilities, security

Cont’d on page 2

T

he Nigerian HIV medicine, Medicinal synthetic Aluminum-magnesium silicate (MSAMS), was among inventions for which the Federal Government made available some grants to some inventors on Tuesday in Abuja. In addition, the inventors were given certificates of recognition. The inventor of MSAMS, Prof. Maduike Ezeibe, disclosed this to The Oracle Today in Umuahia. The Federal Ministry of Science

Cont’d on page 5

Adamawa hails Fidelity Bank on CSR


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.