Today's Headlines: FG Disburses N1.62bn to 5,200 Nigerians, Gumi Speaks about Bandits' Negotiation

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FG Disburses N1.62bn to 5,200 Nigerians

Photo Credit: The Cable

The federal government says it has disbursed N1.62 billion to 5,200 beneficiaries under its Nigeria youth investment fund (NYIF).

The Federal Executive Council (FEC) had approved N75 billion for the establishment of the NYIF, an initiative of the ministry of youths and sports, with the aim to financially empower youths between 2020 to 2023.

The sport ministry in a statement, on Sunday, said the data was released by the NIRSAL Micro Finance Bank (NMFB).

Gumi Speaks about Bandits' Negotiation

Photo Credit: The PUNCH

Popular Islamic cleric, Sheik Abubakar Gumi, has said there are about 100,000 armed bandits in the North-West alone.

Gumi said the bandits kidnapping school pupils were disappointed that he negotiated with them without the involvement of the Federal Government.

The cleric insisted that until the government engaged with the herdsmen, no school could be safe.

He stated these during an interview with The PUNCH on efforts to rescue the kidnapped pupils of Tegina Islamic School, Niger State.

Buhari Approves 5 New Varsities, With N5b Take-Off Grant

Photo Credit: Daily Trust

President Muhammadu Buhari has approved the establishment of five new universities specialised in technology and health to close the huge gap in the doctor-patient ratio as well as in medical research and production of pharmaceutical products.

He also approved a take-off grant of N4 billion each for the Universities of Technology and N5 billion each for the Universities of Health Science from the funding resources of TETFund to ensure early take-off of the institutions.

The Permanent Secretary at the Federal Ministry of Education, Arch Sonny Echono who disclosed this on Monday in Abuja said the president approved two additional University of Technology in Jigawa and Akwa Ibom states.

Court orders AGF to pay Bayelsa Govt $951m

Photo Credit: PM Nigeria

The Federal High Court, Abuja, on Monday, ordered the Federal Government to pay 951 million dollars to the Bayelsa Government.

The amount is the 13 percent derivative sum due as arrears of revenue and payable to the Bayelsa government.

Justice Inyang Ekwo, who delivered the judgment, held that the Attorney- General of the Federation (AGF), the sole defendant in the case, failed to enter his defense in the suit.

Ken Njemanze, SAN, filed the suit on behalf of the Bayelsa government.

The plaintiff, in the suit, marked: FHC/ABJ/CS/175/2012 and filed on Feb. 12, urged the court to compel the AGF to pay five percent of $50 billion recovered as additional revenue that accrued to the Nigerian government.

The judge noted that where a person issues s letter of demand on another person upon outstanding facts, the person for whom the demand notice was issued must take steps to react to same.

Photo Credit: Google

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