Thursday 21st December 2017

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FG Finally Releases N739bn Capital Vote to MDAs Bolaji Adebiyi in Abuja Ostensibly responding to the National Assembly’s complaint over the low implementation of the capital component of the 2017 Appropriation Act, the Ministry of Finance yesterday finally released N739 billion to the ministries, departments and agencies (MDAs) of the

federal government. The Minister of Finance, Mrs Kemi Adeosun, in a release memorandum to the Federal Treasury Department, dated December 20, 2017 and cited by THISDAY, directed the immediate release of the

sum to the MDAs, thereby bringing the total capital vote releases for the fiscal year to N1.189 trillion. The National Assembly has been very critical of the executive arm of government’s low-level implementation of

federal budgets, describing this year’s as the worst. Efforts by the Muhammadu Buhari administration to return the budget cycle to JanuaryDecember suffered a setback on Tuesday when the Senate refused to proceed with the

passage of the 2018 budget estimates on the grounds of low implementation of the 2017 budget, which was rated at around 20 per cent. Senators expressed their dismay that only N450 billion out of N2.17 trillion allocated

NFIU to Get Independent Status Jan 1… Page 6

for capital expenditure had been released, about six months into the life cycle of the budget. Adeosun, who appeared before the Senate Committee on Finance on Tuesday to defend her ministry’s estimates, had tried to assuage Continued on page 8

Thursday 21 December, 2017 Vol 22. No 8281. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

PDP Dismisses Threat as Defeated Contestants Open Parallel Secretariat Adeniran, Adejoh distance selves from splinter group Dickson asks aggrieved members to be patient Onyebuchi Ezigbo in Abuja Barely forty-eight hours after a chairmanship candidate in the recently concluded national convention of the Peoples Democratic Party (PDP), Prof. Taoheed Adedoja sued the party, another aggrieved group has set up a parallel office in Abuja, promising to

also constitute its own national executive by January. However, the PDP has dismissed the emergence of a splinter group, saying that it was completely “unperturbed by the comical acts” of some individuals who make outlandish claims in the media Continued on page 6

Innoson Boss, Chukwuma, Rejects His Release by EFCC Senate, Ohanaeze youths, others condemn his arrest Damilola Oyedele, Paul Obi in Abuja, Christoper Isiguzo in Enugu and David-Chyddy Eleke in Awka More than twenty-four hours after the Economic and Financial Crimes Commission stormed the residence of the chief executive officer and

founder of Innoson Vehicles Manufacturing (IVM) Group, Mr. Innocent Chukwuma, and arrested him over a commercial dispute between him and his bank – Guaranty Trust Bank Plc (GTBank) – the commission yesterday released him on bail. Continued on page 6

Shell, Eni to Stand Trial in Italy over Malabu Deal ... Page 8

THE BEST TIME OF THE YEAR IS UPON US... Lagos State Governor, Mr. Akinwunmi Ambode (middle), and his wife, Bolanle, at the end of the year Christmas party for children, held at the Government House, Ikeja, Lagos… yesterday


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