FG to Spend N350bn Releases to Fund Budget
Emma Okonji
Amid complaints that Nigerians are not feeling the impact of the economic policies of the present administration, Vice-President Yemi Osinbajo has assured the public that
the federal government is bent on revamping the Nigerian economy through its policies designed to diversify the economy. Osinbajo, who spoke at the Policy Dialogue Forum on the economy at the 22nd
Nigerian Economic Summit in Abuja yesterday, said there was need for government to inject more money into circulation to cushion the effects of the recession, and one of the ways through which government could
achieve it is to inject the expected N350 billion that was looted by past governments into the Nigerian economy to fund the budget. Although he said not all the money had been recovered, he explained that the amount
already in the government coffers would be used to fund the budget. “A good percentage of the stolen monies has been recovered, and we are still expecting about $400 million from the US and about $300
million from Switzerland. “By the time all these monies are recovered, we will surely inject them into circulation to support budget funding,” Osinbajo said. Continued on page 6
Buhari Hands over Two Presidential Aircraft to Nigerian Air Force… Page 39 Tuesday 11 October, 2016 Vol 21. No 7845. Price: N250
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How NJC Rejected DSS’ Request to Probe Judges Letters between agencies reveal bickering over right nomenclature for Daura Seven judges released, CJN says action regrettable NJC to meet today as Malami snubs S’Court valedictory session NBArejects presidency’s justification for arrest, police explain PH intervention Abuja courts grounded Iyobosa Uwugiaren, Tobi Soniyi, Damilola Oyedele, Dele Ogbodo and Alex Enumah in Abuja As mixed reactions continue to trail the arrest and investigation of 15 judges nationwide for alleged corruption by the Department of State Services (DSS), it has emerged that the investigation
into the judges started as far back as January or February this year, with the correspondence exclusively unearthed by THISDAY showing that the National Judicial Council (NJC) rejected the investigation into the judiciary, citing separation of powers and rule of law. Continued on page 6
Police Recover N14.7m from Nine Suspected Kidnappers of CBN Gov's Wife Suspects including two soldiers shared N54m used as bait
Dele Ogbodo in Abuja The Nigeria Police Force (NPF) yesterday exhibited N14,725,000, two Honda cars, one Audi car, one AK47 magazine, and two cartridges recovered from the nine suspected kidnappers of Mrs. Margaret Emefiele, wife
of the Central Bank of Nigeria (CBN) governor, and her three relatives. Mrs. Emefiele and her relatives were abducted on Thursday, September 29 at Ogoneki Hills along the Benin-Agbor Road in Delta Continued on page 6
HABITUAL VISITOR…
President Muhammadu Buhari (right) and former President Olusegun Obasanjo, when the latter visited the president at the State House, Abuja… yesterday