FRIDAY 3RD SEPTEMBER 2021

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Osinbajo: African Cross-border Trade Worth $93bn Says AfCFTA is indispensable if industrial development is to take off on the continent Deji Elumoye in Abuja The Vice President, Prof. Yemi Osinbajo yesterday estimated that the African cross-border informal trade is worth $93 billion.

This is just as the vice president begins a four-day official visit to Arusha, Tanzania today. Osinbajo, in a message sent to a roundtable on industrialisation in Africa

with the theme: “Positioning African Industries for Economic Transformation and Continental Free Trade,” organised by the Manufacturers Association of Nigeria (MAN) to celebrate its

Golden Jubilee, stressed the need to rapidly operationalise effort by Afreximbank to establish a Pan-African Payments and Settlement Platform. This, according to him, "will

go a long way in creating the desired continental payments system and also in facilitating cross-border informal trade which is estimated to be about $93 billion per annum.” The Vice President,

according to a statement by his spokesman, Laolu Akande, also declared that the African Continental Free Trade Area (AfCFTA) offers Continued on page 8

Bail-out Funds: Kogi Debunks EFCC's Claim, Threatens Court Action... Page 6 Friday 3 September, 2021 Vol 26. No 9643. Price: N250

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Forensic Audit Uncovers Colossal Mismanagement of N6trn NDDC Funds Shows evidence of substantial compromise in execution of 13,777 projects Criminal investigations, prosecution to follow Nseobong Okon-Ekong in Lagos and Alex Enumah in Abuja President Muhammadu Buhari has vowed that the federal government will

take necessary measures to recover the over N6 trillion allegedly misappropriated in the running of the Niger Delta Development Commission (NDDC) between 2000 and 2019.

To this end, the president has directed that the report of the forensic audit on the NDDC be forwarded to the Federal Ministry of Justice for necessary action. The president who spoke

shortly after he received the Forensic Audit Report from the Minister of Niger Delta Affairs, Senator Godswill Akpabio, claimed that there had been evidence of substantial compromise in the

execution of 13,777 as well as the existence of, "multitude of NDDC's bank accounts amounting to 362" which lacked proper reconciliation of accounts. The Attorney General of the

Federation and Minister of Justice, Mr Abubakar Malami, who received the report on behalf of the president, therefore assured that the Continued on page 10

Masari: Nigeria’s Security Forces Overstretched, Poorly Armed Alleges bandits recruiting more members with as low as N5,000 IG hints at recruitment of 20,000 men across country Police claim rescue of five abducted Zamfara students As 900 more terrorists surrender to troops, says DHQ Kingsley Nwezeh in Abuja, Francis Sardauna in Katsina and Onuminya Innocent in Sokoto In his relentless effort to keep Katsina State safe, Governor Aminu Bello Masari of the state, yesterday, identified as part of the problems, the facts that nation’s security forces were not properly armed and largely overstretched as a result of other security concerns across the nation. The governor, who lamented the growing insecurity in his state, despite being President Muhammadu Buhari’s homebase, alleged that the situation has become so bad that bandits and kidnappers have infiltrated communities in Katsina and recruiting new members with as low as N5,000 along with Continued on page 8

HOUSES FOR IDPS... L- R: Borno State Governor, Prof. Babagana Zulum; Chairman, North East Development Commission (NEDC), Major General Paul Tarfa; Minister of State for Education, Chief Chukwuemeka Nwajuba; Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk; Managing Director NEDC, Dr. Mohammed Alkali; and the Minister of Women Affairs and Social Development, Mrs. Pauline Tallen on Thursday, during the handing over ceremony of the 1,000 houses constructed by the federal government for resettlement of Internally Displaced Persons (IDPs) at Ngwom in Mafa Local Government Area of Borno State


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