World Bank Wants More Time to Compile Abacha Loot

The World Bank has said that it needs more time to compile and furnish the Socio-Economic Rights and Accountability Project, SERAP, with information on the spending of the loot recovered from the late military dictator, General Sani Abacha.

SERAP says such information would not only enable the Nigerian masses to know the status of the recovered loot but it would also equip civil society organisations to engage the government on greater transparency and accountability.

A statement issued by SERAP’s Executive Director, Mr Adetokunbo Mumuni, said that it has received a letter from the World Bank, acknowledging its request and asking for more time to be able to supply comprehensive information on how the recovered Abacha loot was spent. According to SERAP, the said letter dated October 15, 2015, was signed by Ann May of the World Bank Access to Information Team.

The group had on September 21, 2015 sent an ‘Access to Information’ request to the President of the World Bank, Jim Yong Kim, asking him to release documents detailing the projects to which the loot recovered from Abacha was applied, as well as the implementation status of such projects.

See a Lecturer who's now a labourer due to Non-Payment of Salary

A Lecturer in Kwara state College of Education, Oro, Mr Kayode Odeyemi has appealed to the Kwara state government to pay workers salary. He uploaded his picture while working as labourer in a building construction site to earn a paltry N1, 500 to cater for his family.

Mr Kayode said the hardship many lecturers are going through as a result of the non payment of salaries is unbearable.

Culled from Ng Entertainment

Petrol price to come down - VP Osinbajo

Vice-President Yemi Osinbajo says that the government is working to reduce the price of petroleum products by encouraging and working with private refineries and reducing importation. Osinbajo, who is in the UK to sign the Nigeria-UK solar energy agreement, told Bloomberg in an interview...

    "We are going to be unbundling the NNPC so that its various components are effective core centres and are able to do their business well. We are going to have private refineries at the site of the old refineries, so they can benefit from the available infrastructure. So, we think that in the medium term, we would be able to get cheaper pump price, pump price of oil would be cheaper because we would be importing far less refined petroleum. A lot of that will be produced locally.

    “Now, we have well over 30 modular refineries licences, so we think a lot of modular refineries would come. Many of them, their major concern is feed stock, are we going to be guaranteed feed stock? We are working on that. Once we are able to deal with that, we feel we would substantially be able to reduce pump price and get the whole business of importation of refined petroleum and the NNPC just getting directly involved in business; we are going to reduce that. The objective is to make the NNPC play more regulatory function.

    “They are options that are always there. But we think that there are ways we can raise our own potion of contribution to the Joint Ventures. It will only be a last resort and we have not come anywhere near that.” Osinbajo said

Electric insect hits Kwara state University (Kwasu) On-Campus Hostels.

The Kwara State University On-Campus hostels has recently been attacked by an insect nicknamed, Electric fly; an army green/purple insect, between 5-27mm in full size, nocturnal but not as active during the day as in the night as it is seen near brilliant light at night has however landed few students in the Kwara State University medical centre.

The Kwara State University Health Service has however released a precautionary notice on how to tread carefully to avoid the sting of the insect. The University Health service has also dispatch the Environmental Health Unit to the all University hostels between 7-10pm for awareness and mass extermination of the insect.

Students are therefore advised to report any unusual cluster of the identified insect at the medical centre.