1. The World Bank has disagreed with the Minister of Finance, Mrs. Kemi Adeosun, on the need for the Federal Government to borrow more in order to develop the nation’s infrastructure and stimulate the economy.
The World Bank while speaking through its Senior Economist, Gloria Joseph-Raji, on Monday in Abuja, said that the cost of borrowing or paying interest on Nigeria’s debt was not sustainable as revenues to make such payment had dried up.
2. Over 27 persons have been killed while asleep in Nkiedonwhro community, Bassa Local Government Area of Plateau State by unknown gunmen suspected to be Fulani militants.
The killings happened barely 48 hours after the imposition of a dusk-to-dawn curfew by Governor Simon Lalong in the LGA.
3. The Nigeria LNG Limited has formally issued a demand notice for $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency.
The NLNG said in a statement that the sum represented the payments it made under protest to the agency since 2013, as well as direct and shipping losses it incurred due to the initial two-day blockade of the Bonny Channel by NIMASA in May 2013.
4. The Minister of Health, Prof. Isaac Adewole, has said all the Monkey Pox test samples obtained from Lagos tested negative.
He, however said only four cases of monkeypox have been confirmed in Nigeria.
5. There was serious tension in Delta State as Armed Aladja, Ogbe-Ijoh youths engaged themselves in a gun battle. The youths in Udu and Warri South-West Local Government Areas have been engaging in communal clash.
Several houses and other properties in Ogbe-Ijoh community were destroyed during the melee.
6. The Managing Director of the International Monetary Fund, Christine Lagarde; a former Minister of Finance, Dr. Ngozi Okonjo-Iweala have stated that Nigeria, Argentina and other top countries battling corruption should use tools that can help reduce procurement costs by about 60 per cent.
They urged the countries to strengthen institutions, provide incentives against corruption and deploy more technology in order to overcome the hydra-headed problem of corruption.
7. A Senior Advocate of Nigeria, Dr. Olisa Agbakoba, has urged the Federal High Court in Abuja to restrain President Muhammadu Buhari from continuing to hold the office of the Minister of Petroleum Resources.
The SAN hinged his decision on Section 138 of the 1999 Constitution, which forbids the President from “holding any other executive office or paid employment.”
8. The inferno that engulfed the Abuja residence of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, was a “minor fire incident”, the ministry has stated.
The Director, Press Relations in the Ministry, Mr Idang Alibi, said there was no substantial damage.
9. The Peoples Democratic Party (PDP) yesterday suffered a serious upset when a faction of the party led by Prince Kenneth Emeakayi staged a rally at the Alex Ekwueme Square Awka and disowned the party’s candidate in the November 18 governorship election, Mr. Oseloka Henry Obaze.
The faction with the name Anambra Grassroots Movement (AGM) and made up of the original PDP members and leaders declared that Obaze was not a registered member of PDP.
10. Tension has allegedly engulfed Sunshine Stars players following reports that no fewer than 20 of them will need to get the sack to make the Akure Premier League side stronger ahead of the new season.
Sunshine battled against relegation in the larger part of last season – and a late surge saw them come 10th in the 20-team league.
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