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We’ve Spent N502.3bn On COVID-19 Intervention —– Finance Minister

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The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, on Tuesday, disclosed that N502.3 billion has so far been spent by the Federal Government to stabilize the economy after being hit by the rampaging COVID-19 pandemic.

Speaking in Abuja at the national dialogue on COVID-19 economic impact and assessment of national and states’ recovery plans and policy options, the Minister explained that Nigeria was deeply affected by the pestilence because it was recovering from recession before COVID-19 led to an all-time fall of crude oil prices being the economic pillar of the country.

She listed key interventions to include: the establishment of a N500 billion COVID-19 crisis intervention fund to finance the upgrade and improvement of healthcare facilities; creation of a Special Public Works Programme to employ 774,000 people, among others.

The Minister added that the development demanded a cocktail of stimulus packages which were administered to rescue the economy from the doldrums.

She said: “You know that in the 2020 budget, N500 billion was appropriated and it was fully funded. But apart from that, we also have the economic sustainability plan totaling N2.3 billion in the form of intervention funds from the CBN, which means loans are given to the private sector and they pay back later.”

Mrs Ahmed, however, disclosed that lessons were learnt from the pandemic, especially the urgent need to fix the challenges of the health sector.

According to her, the myriads of challenges plaguing the health sector propelled the incumbent to pursue proactive and people-oriented policies with an emphasis on human capital development and providing critical infrastructure for the well-being of Nigerians.

 

BIG STORY

BREAKING: Kogi Governor Usman Ododo Visits Yahaya Bello Amidst EFCC Siege

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Usman Ododo, the executive governor of Kogi State, has visited the embattled former governor of the state, Yahaya Bello, amidst a heavy security siege on the Yaya’s Abuja mansion.

It was gathered that Ododo arrived at Bello’s residence at about 2:30 pm Wednesday, alongside several security operatives and youth supporters protesting against the siege to the former governor’s home.

It was further gathered that there is a heavy presence of armed operatives of the Economic and Financial Crimes Commission (EFCC), policemen, operatives of the Department of State Security (DSS), Counter Terrorism Unit, and Yahaya Bello’s private security team at the scene.

EFCC operatives had on Wednesday morning stormed Bello’s Abuja home located in Wuse Zone 4, Federal Capital Territory.

Photographs making rounds on the internet show some armed EFCC personnel laying siege to the ex-governor’s home on Benghazi Street, Wuse Zone 4, Abuja.

Recall that the EFCC had earlier dragged Yahaya Bello, his nephew Ali, one Dauda Sulaiman, and Abdulsalam Hudu before Justice James Omotosho of the Federal High Court, Abuja, in an amended charge in March 2024 over an alleged N84bn money laundering.

Reacting to the development, the ex-governor’s media office, in a statement, condemned the operatives’ actions while urging President Bola Tinubu to caution the EFCC.

According to the statement, the presence of the operatives in Bello’s residence negated the order of injunction granted on February 9, 2024, by the High Court of Justice, Lokoja Division, in Suit No. HCL/68M/2024 between Yahaya Bello v. EFCC, restraining the commission either by itself or its agents from harassing, arresting, detaining, or prosecuting him, pending the hearing and determination of the substantive fundamental rights enforcement action.

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BREAKING: EFCC Operatives Lay Siege To Yahaya Bello’s Abuja Mansion [PHOTOS]

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Operatives of the Economic and Financial Crimes Commission (EFCC) have laid siege to the Abuja residence of Kogi State’s former Governor, Yahaya Bello.

It was gathered that the EFCC officials barricaded the former governor’s residence since 9am on Wednesday.

The purpose of the operation by the anti-graft operatives was unknown as of press time as efforts to speak with them proved abortive.

Some supporters of the former governor were seen in front of the house.

See photos below;

More to come…

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BREAKING: Court Upholds Ganduje’s Suspension As APC Chairman

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Abdullahi Ganduje, the National Chairman of the All Progressives Congress (APC), is prohibited from representing himself as a party member by an ex parte ruling issued by the Kano State High Court.

Judge Usman Na’abba granted the application on Tuesday in response to an ex parte motion filed by Ibrahim Sa’ad on behalf of the plaintiffs, Assistant Secretary Laminu Sani and Legal Adviser Haladu Gwanjo, two executive members of Ganduje’s ward in Dawakin-Tofa Local Government Area.

Ganduje was suspended on Monday along with nine other ward executives. The court ruled that Ganduje was to stop overseeing all APC National Working Committee matters going forward.

The court directed the four parties (respondents) joined in the matter, including the APC, NWC, APC Kano State Working Committee, and Ganduje, to henceforth, maintain status quo ante belum as of April 15, 2024, pending the hearing and determination of the substantive suit on April 30, 2024.

Justice Na’abba, also held as prayed, stopped State Working Committee APC Kano from interfering with the legally and validly considered decision of executives of Ganduje ward, essentially on action endorsed by a two-thirds majority of the executives as provided by the party constitution.

The ex parte order read, “An order is hereby granted directing all parties in the suit APC (first), APC National Working Committee (second), Kano State Working Committee APC (third), Dr. Abdullah Umar Ganduje (fourth), to maintain status quo ante belum as of April 15, 2024.

”The order thereby restraining the first respondent (APC) from recognising the fourth respondent (Ganduje) as a member of APC and prohibiting the fourth respondent (Ganduje) from presiding over any affairs of the NWC and restraining the state Working Committee from interfering with the legally and validly decision of the ward executives of Ganduje ward.

“That the fourth respondent (Ganduje) is prohibited from parading himself as a member of APC or doing any act that may portray him or seem to be a member of APC pending the hearing and determination of the substantive suit.”

Nine members of the Ganduje ward proclaimed the suspension of the National Chairman of the APC over the allegation of corruption slammed on him by the Kano State Government.

The nine APC executives said they were prompted to act following a petition written by one Ja’afaru Adamu, a member of the APC from the National Chairman’s polling unit.

In the petition, Adamu complained over allegations of corruption charges against the former governor just as he urged the ward leaders to investigate the matter to redeem the dented image of the party and the implication on President Bola Tinubu’s fight against corruption.

Although the chairman and secretary of the ward failed to act on the petition filed on April 8, 2024, nine members of the executives, led by the legal adviser, acted upon the petition, a decision that led to Ganduje’s suspension.

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