Sentences with phrase «nigerian state assets»

Not exact matches

Little did anyone know that what Peter Obi called cash - in - hand were basically investment in stocks, bonds and other non-performing equities arranged by Obi in his final days in office; long - term uncompleted assets that will not earn cash until they are completed; various sums spent in rehabilitating federal roads in the State for which re-imbursements may come in the distant future; computation of the State's share of the Excess Crude Account contributed as capital to the Nigerian Sovereign Wealth Fund in 2010, etc..

Buhari in an interview with Voice of America as part of his recent visit to the United States said, «The Tribunal will has the powers to seize cash and assets of Nigerians convicted of failing to explain how they came about their humongous wealth.They will be asked to prove how they acquired the difference, otherwise, everything will be taken away and they will be prosecuted.»

A former chairperson of the Economic and Financial Crimes Commission, Mrs. Farida Waziri, on Saturday, challenged her predecessor and 2015 governorship candidate of the Peoples Democratic Party in Adamawa State, Mallam Nuhu Ribadu, to «explain to Nigerians what happened to billions of funds and assets recovered from suspects under him, with no records or documentation.»

The contract is part of a drive by the Nigerian government to privatise its dilapidated state assets.

The Chief of Air Staff, Air Marshal Sadique Abubakar has said Nigerian Air Force will soon deploy fighter aircraft, helicopter gunships and other military assets to curb current security challenges in Benue and Taraba states.

The Nigeria Labour Congress has further threatened to embark on a nationwide protest to resist the plan by President Buhari and his economic team to sell off the nation's assets, stating that the effect of such action on Nigerians would be grievous.