President Muhammadu Buhari has signed into law the revised N10.8 trillion 2020 budget and directed the release of at least 50 per cent of the approved 2020 revised capital expenditure to Ministries, Departments and Agencies (MDAs). The Federal Executive Council (FEC) had on May 13, approved a revised budget of 10.523 trillion. However, the two chambers of the National Assembly – the Senate and House of Representatives — increased the budget from the initial N10.5 trillion submitted by the President to N10.8 trillion. The figure shows that the sum of N2,488,789,433,344 is for capital expenditure, while N4,942,269,241,984 is for recurrent non-debt expenditure. Others are N2.6 trillion for debt service and N2.9 trillion for sinking funds. After signing the budget on Friday at the Council Chamber of the State House, Buhari said that the budget had to be revised because of the effect of coronavirus on the nation’s economy. According to him, MDAs will be given 50 per cent of their capital allocation by the end of the month. NAN reports that the event was witnessed by Vice-President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker Femi Gbajabiamila, Secretary to the Government of the Federation Boss Mustapha; Chief of Staff to the President, Prof. Ibrahim Gambari. The Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba, Governor of Central Bank of Nigeria, Godwin Emefiele and Director General, Budget, Ben Akabueze were also at the event. 📹: @pulsenigeria247
A group of Igbo men have come together to save a Nigerian man who was seen in a viral video being tortured by a dreaded Pakistani gang after his “brother” named Andrew used him as a collateral and absconded without paying the gang back.
The Nigerian man explained that he will be killed on July 10 if Andrew does not pay back what he owes the gang. He then begged his uncle to sell everything they have and pay a man named “Nuruz”.
A group of wealthy Igbo men have now come to his aid and are willing to pay to get him his freedom.
In a video shared online, the Igbo men, one of them a US-based man, explained that they’ve spoken with Nuruz and reasoned with him and he promised to be fair to the Nigerian man and preserve his life. They added that among themselves, they will raise Nuruz’s money and get the Igbo man back home.
“Relax your mind, we’ll raise the money, the men promised.
In the video recorded for the Nigerian man to view, they told him to relax his mind and stop fretting because they are working to get him out. They said Nuruz gave them his word that he will not kill him if payment is made.
Legal representative to Ramon Abbass (Hushpuppi), Gal Pissetzky of Pissetzky and Berliner has said the popular Instagram celebrity is not guilty of any of the charges against him.
Speaking during an interview with Forbes, Pissetzky said “Ramon Abass, aka Hushpuppi is absolutely not guilty of all the charges they are accusing him of.
“Abass was running a very legitimate business and had a very legitimate Instagram account and did not take part in any scam or fraud.
He is an entrepreneur, he has real estate business and was promoting brands, that’s how he was very legitimately making his money.”
Hushpuppi is currently being tried for fraud and several internet scams.
He was recently extradited to the US from the UAE for multiple charges of fraud.
The Nigerian government has announced that Nigerian students will not be participating in the forthcoming West African Examination Council (WAEC) examinations. . Minister of Education, Mallam Adamu Adamu made the announcement after the virtual Federal Executive Council (FEC) meeting on Wednesday July 8. . The Minister who also disclosed that there is no date yet for school resumption, added that he will prefer Nigerian students lose an academic year than expose them to danger
KazzyTv 