Punch Newspapers
Sections
Adelani Adepegba, Abuja
There are indications that the crisis rocking the process for the hiring of a consultant to monitor the spending of the $311.8m Abacha loot may have been caused by the circumvention of due process and transparency during the bid exercise.
Investigations by
Saturday PUNCH revealed that the selection of the civil society group that came fourth by the Ministry of Justice for the juicy contract ahead of three others made the PPP Advisories Consortium challenge the result in court.
Already, a federal high court in Abuja has restrained the Attorney-General of the Federation, Abubakar Malami, from appointing a consultant to oversee the spending of the Abacha loot.
Adedayo Adejobi
The year 2020 will certainly go down in the history books as one of the most challenging years of modern existence. Early in the year, a global pandemic took the world by storm necessitating a significant change in life and work as we know it. On 23 and 24 March 2020, The Nigerian Stock Exchange (NSE) took steps to preserve the health and safety of its stakeholders by activating its Business Continuity plan which saw the transition to working from home and remote trading in response to the spread of the COVID-19. Since then, The Exchange has maintained seamless working and trading operations, experiencing zero down time.
ON THE GO
Kashimawo Laloko, ex-NFF director, dies at 76 Kashimawo Laloko, former technical director of the Nigeria Football Federation (NFF), is dead.Advertisement The 76-year-old was said to have died at Sacred Hearts catholic hospital in Abeokuta on Sunday, after.
Resident doctors threaten fresh strike over unpaid salaries The Nigerian Association of Resident Doctors (NARD) has threatened to embark on an indefinite strike on April 1, if members owed salaries and allowances are not paid.Advertisement The decision was.
Femi Adesina on unemployment: Cut Nigeria some slack, things are looking up Femi Adesina, special adviser to the president on media and publicity, says Nigeria should be given some credit because things are looking up for the country.Advertisement Commenting on Nigeria’s 2020.
The Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji, has again stressed the need for Nigeria to turn its infrastructure into investible assets by investing more in it.
According to him, the National Pension Funds will be a veritable source of revenue to fund national infrastructure investment, if properly managed.
Video Player
02:16
Orji, while featuring on The Morning Show, the flagship breakfast programme on ARISE NEWS Channel on Wednesday, said creative ways must be looked at to address the country’s infrastructure challenges.
He said: “We need to turn infrastructure into investible assets that have more economic values as opposed to just doing the roads, leaving it and not monetising it.
Goddy Egene
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG).
InfraCo Africa’s equity investment makes it an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation.
On account of this investment, Chief Executive Officer (CEO) of InfraCo Africa, Gilles Vaes, and Chief Investment Officer of InfraCo Africa, Claire Jarratt, will join InfraCredit’s Board of Directors.
Commenting, Vaes, said: “Our equity investment in InfraCredit marks the first major transaction of our dedicated investment vehicle, InfraCo Africa Investments. The infrastructure financing gap in Africa is large and requires approaches that increase the scale and pace of infrastructure development and we are therefore pleased to support PIDG’s wider strategy of developing loca