President Bola Tinubu has challenged members of Presidential Economic Coordination Council, (PECC), to come-up with innovative solutions to the countrys economic challenges to strengthen the economy. Speaking during the inaugural of the 31-member Council at the Council Chambers in Abuja, Tinubu, who chairs the Council, underscored the need for innovative solutions to the countrys economic challenges. He also inaugurated the ‘Economic Stabilisation Programme‘, aimed ensuring food security, improved power supply, enhanced social welfare and healthcare, increased energy production, and overall economic transformation, while noting the importance of public-private-partnerships (PPP) in…
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NESI funds: Obazee Report exposes Tony Elumelu-led UBAs fraudulent diversion of N3.9bn
United Bank for Africa, (UBA), under Tony Elumelu, has fraudulently diverted a princely sum of N3.9 billion NSEI funds, according to the Jim Obazee report on the activities of the Central Bank of Nigeria, (CBN) under its former governor, Godwin Emefiele. The Obazee Report indicted Tony Elumelu and Managing Directors of UBA from 2015 till date of alleged diversion of N3.9 billion meant for participation in the Nigerian Electricity Market Stabilization Facility. The report submitted to President Bola Tinubu, specifically indicted billionaire Elumelu and Managing Directors of the UBA, and…
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