The Executive Ban & Other Headlines

Travel Ban

President Buhari over the weekend approved the traveling restriction of about 50 High profile persons implicated or involved in any investigations by the security agencies within the country.

People have questioned the right of Mr. President to approve such a BAN and whether the Attorney General of Nigeria supported this move.

The order by Mr.President seeks to restrain owners of assets under investigation from carrying out any further transaction on such assets.

On Friday, a Federal High Court in Abuja upheld the constitutionality of the Order, therefore, allowing the interim seizure of assets linked to the investigation, ongoing criminal trials, and other related offenses.

OYE: Will it be far from the truth to say that this executive order by the President is a result of the 14 questions that Atiku’s camp hurled at the president’s camp?

CORRUPTION TRAVEL BAN LIST:

1. Col. Sambo Dasuki (rtd)
2 AVM. Alex Badeh
3. Air Marshal Adesola Amosu
4. Malam Isa Yuguda
5. Saminu Turaki(Jigawa)
6. Murtala Nyako (Adamawa)
7. Adebayo Alao-Akala (Oyo)
8. Gabriel Suswam (Benue)
9. Rasheed Ladoja (Oyo)
10. Orji Uzor Kalu (Abia)
11. Danjuma Goje (Gombe)
12. Attahiru Bafarawa (Sokoto)
13. Muazu Babangida Aliyu (Niger)
14. Chimaroke Nnamani (Enugu);
15. Sule Lamido (Jigawa);
16. Gbenga Daniel (Ogun);
17. Ibrahim Shehu Shema (Katsina)
18. Nenadi Usman
19. Bashir Yuguda
20. Jumoke Akinjide;
21. Bala Mohammed;
22. Abba Moro;
23. Femi Fani-Kayode;
24. Ahmadu Fintiri.
25. Vice Admiral A. D. Jibrin
26. Air Marshal Mohammed Dikko Umar;
27. Inspector-General of Police, Sunday Ehindero
28. High Chief Raymond Dokpesi;
29. Waripamowei Dudafa
30. Justice Innocent Umezulike (former Chief Judge of Enugu State,)
31. Rita Ofili-Ajumogobia;
32. Olisa Metuh
33. Chief Jide Omokore
34. Ricky Tarfa;
35. Dele Belgore (SAN).
36. SOLOMON WOMBO
37. RICHARD GBANDE
38. BILLIAMINU ABDULLAHI
39. SHOLOLA OMOLARA
40. CHUKWUDUMEME ONWUAMADIKE “EVANS
41. DR. SA AD AYINLA ALANAMU
42. PROF. (SENATOR) DAVID IORNEM,
43. SEN. SANI AHMED YERIMA
44. SENATOR ADESEYE OGUNLEWE
45. PROF. OLUSOLA OYEOLE,
46. MOSES OLUSOLA ILESANMI
47. ANDREW YAKUBU (former NNPC GMD,)
48. ALIYU AKWE DOMA
49. AIR VICE MARSHAL OLUTAYO OGUNTOYIBO
50. OLUGBENGA OBADINA

Nigeria has room to borrow more – Minister of Budget and National Planning, Senator Udo Udoma

Nigeria still has ample room to borrow more whenever it needs to do so, says the Minister, he explained that the country was not running any debt risk, adding that it had one of the lowest debt levels among its African peers.

The minister was present in Bali, Indonesia at the just concluded annual meetings of the International Monetary Fund and the World Bank, He stated, “We have been able to bring down inflation from 18.7 per cent in January last year to 11.2 per cent by August this year. Our aim is to bring inflation down to a single digit by the end of the plan period in 2020.

The exchange rate market has been stabilised through the introduction of the investors and importers’ foreign exchange window. We have also been able to build up our external reserves from $27bn in 2016 to $43.9bn by early this month.

“Our current account, as a ratio of Gross Domestic Product, has moved from a deficit of 3.2 per cent in 2015 to a surplus of 2.8 per cent by end of last year. And this is built on export growth, including significant growth in non-oil exports that has resulted in the country recording a consistently positive trade balance since the fourth quarter of 2016.”

OYE: Any economist, to help explain these numbers cause this person may just be lying because Nigeria’s debt profile now at $73.21 billion

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