SUNDAY 26TH JULY 2020

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Buhari: $25bn Annual Diaspora Remittance Exceeds 80% of Yearly Budget Says it constitutes 6.0% of Nigeria's GDP Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday declared that the $25 billion annual remittance by Nigerians in the diaspora was more than 80 per cent of the

country's annual budget and formed about six per cent of the Gross Domestic Product (GDP). Buhari disclosed this in a video message in commemoration of this year’s Diaspora Day, observed on

July 25 every year. The president said home remittances by Nigerians abroad had in the last three years exceeded $25 billion annually. According to a statement

by Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, Buhari appealed to Nigerians in the diaspora to support the country's post-COVID-19 economic recovery effort. He

implored them not to abandon their country in this time of global challenge. He said the annual home remittance by citizens abroad had aided productivity in various sectors of the country, and pointed

out that the remittances had been rated as the highest in sub-Saharan Africa. The president said Nigerians in the diaspora should assist Continued on page 10

FG Saves $400m from Fuel Subsidy Removal, Says NNPC GMD…Page 10 Sunday 26 July, 2020 Vol 25. No 9239

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Magu Faces Questions over Assets Declaration Panel investigates alleged failure to account for recovered NNPC billions Allegedly excluded names of approving authorities in the misapplication of N3bn in FIRS trial Alleged to have victimised agency’s zonal head for working on a whistleblower’s lead Olawale Olaleye There are strong indications that the Presidential Investigative Panel headed by former President of the Court of Appeal, Justice Ayo Salami, may be focusing attention on

the assets declaration of the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu. As early indications appear to show he may not have fully declared his assets if he declared one

at all contrary to law in the form submitted to the Code of Conduct Bureau (CCB). Magu, who is being investigated for official malfeasance and fraud was allegedly said to have admitted on record to making false

assets declaration, THISDAY has learnt. President Muhammadu Buhari had set up the panel to investigate various allegations of wrongdoing, including insubordination, failure to properly account

for recovered assets, abuse of office, and other corrupt acts levelled against him by the Attorney-General of the Federation (AGF) and Minister of Justice, Mallam Abubakar Malami, SAN. The panel's ivestigation

of Magu is continuing in the precincts of the Presidential Villa in Abuja. The suspended EFCC chief had earlier been arrested and detained for 10 days before Continued on page 8

Buhari Mourns AbduRazaq, Says One of Nigeria’s Greatest Legal Minds is Gone Torrents of tributes as first northern lawyer is buried Lawan, Gbajabiamila, Saraki, Tinubu, governors, others pay homage Hammed Shittu in Ilorin, Adedayo Akinwale, Udora Orizu in Abuja and Segun Awofadeji in Gombe President Muhammadu Buhari, yesterday, joined millions of Nigerians to mourn the passing of Alhaji AbdulGaniyu Folorunsho AbdulRazaq, SAN, Northern Nigeria’s first lawyer and father of the Kwara State Governor, Abdulrahman

AbdulRazaq, who passed on at the age of 93 years in Abuja, the nation’s capital, saying the nation has lost one of her greatest legal minds. In his tribute to the late First Republic Minister, Parliamentarian, pioneer Commissioner of Finance, Kwara State and until his passing, Matawali of Ilorin and Tafidan Zazzau (Zaria), Continued on page 10

Tambuwal: I Taught Obaseki How to Demobilise Edo Godfathers... Page 58

FAREWELL FATHER... L-R: Eldest son of late AbdulRazaq, Dr Alimi AbdulRazaq; Kwara State Governor AbdulRahman AbdulRazaq; and Speaker House of Representatives Hon. Femi Gbajabiamila; at the Ilorin Airport to receive the body of the late AGF AbdulRazaq SAN who was buried yesterday at his IDi-Igba family house in Ilorin according to Islamic rites.


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