2017 Budget: FG to Release Another N750bn Capital Vote Ndubuisi Francis in Abuja The federal government is set to release another N750 billion to its ministries, departments and agencies (MDAs) as part of the capital component of the 2017 budget.
It had earlier released N450 billion for capital projects since the budget was signed into law last June. Should it make good its promise, it would have released almost 50 per cent of its capital spending plan for the 2017
fiscal year. The Minister of Finance, Mrs. Kemi Adeosun, who made the disclosure yesterday during a meeting with a delegation of investors from France, said the sum of N450 billion had previously been released for
capital projects, adding that with the additional of N750bn, the sum of N1.2 trillion would have been invested in infrastructure projects. The delegation was made up of 30 companies from France that had expressed
their readiness to invest in key sectors of the Nigerian economy. Adeosun said: “What the government is doing is to provide the enabling infrastructure that would bring the country’s potential to reality.
“Last year, we released N1.3 trillion of the capital budget and so far this year we have released N450 billion and this week we will release another N750 billion and this will take Continued on page 6
UN Allocates $13.4m to Support Humanitarian Assistance in N’East… Page 8 Tuesday 12 December, 2017 Vol 22. No 8272. Price: N250
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In Landmark Ruling, A’Court Says EFCC Lacks Powers to Prosecute Judges Strikes out charge against Justice Nganjiwa Commission to appeal, says judgment is ‘ridiculous’ FG explains why owners of recovered assets have not been charged Iyobosa Uwagiaren, Chineme Okafor in Abuja and Davidson Iriekpen in Lagos In a landmark ruling, the Court of Appeal in Lagos yesterday held that the Economic and Financial Crimes Commission (EFCC) does not have the
powers to investigate or prosecute a serving judicial officer and struck out the criminal charges filed by the commission against a serving judge of the Federal High Court, Justice Hyeladzira Nganjiwa. Continued on page 8
2019 Ticket: APC Should Not Mimic PDP, Tinubu Replies Okorocha Onyebuchi Ezigbo in Abuja The National Leader of the All Progressives Congress (APC), Chief Bola Tinubu has clarified the misrepresentation in the statement attributed to him by Imo State governor, Rochas Okorocha, saying he never underrated the importance
of governors in the party’s nomination process. He further explained that what he said in that encounter with journalists in Akure “and still canvasses is that the APC should not mimic the PDP’s (Peoples Democratic Continued on page 6
Oando Appeals SEC Suspension… Pa g e 1 0
A NEW CHAPTER FOR PDP… Outgone Chairman of the National Caretaker Committee of the Peoples Democratic Party (PDP), Senator Ahmed Makarfi (left), and the National Chairman of the main opposition party, Prince Uche Secondus, during the handover of the caretaker committee to the Secondus-led executive of the party, in Abuja… yesterday