Nigeria The Federal Government says it will commence disbursement of the recovered 322 million dollars Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July. Tukur Rumar, of the National Cash Transfer Office (NTCO), disclosed this at a roundtable on assets recovery organised by the Swiss Embassy on Thursday, in Abuja. The states include: Niger, Kogi, Ekiti, Osun, Oyo, Kwara, Cross River, Bauchi, Gombe, Jigawa, Benue, Taraba, Adamawa, Kano, Katsina, Kaduna, Plateau, Nasarrawa, Anambra and Internally Displaced Persons Camps (IDPs) in Borno. According to Rumar, the benefiting households will receive N5,000 monthly. Mr Iorwa Apera, the National Coordinator, National Social Safety Net Coordinating Office (NASSCO), said 503,055 households were already on the NSR register from the 19 states, adding that by July, there would be a social register for all the states of the federation. “The Federal Government would begin with those states, b
The Supreme Court on Thursday ruled in favour of Chairman of Innoson Motors, Innocent Chukwuma, in his case with Guaranty Trust Bank.
According to a statement released on Thursday by Cornel Osigwe, Innoson Group’s head of corporate communications, the court struck out the motion for stay of execution of the Enugu court of appeal division’s order that GT Bank pays N6 billion into an interest yielding account.
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