Tag Archives: $500m

Buhari Didn’t Donate $500m To Clinton Campaign– Presidency

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The Federal Government on Friday dismissed as untrue claims that President Muhammadu Buhari donated $500m to Hillary Clinton campaign in the just-concluded US election.

A video, purportedly circulated by a US non-governmental group, the American Black Group for Democracy, had last week alleged that Nigeria donated $500m (about N150bn) to Clinton’s failed bid for the White House.

It claimed that the money was “pledged to the US Secretary of State, Sen John Kerry, and US Ambassador in Abuja”; adding that “the donation may create a huge misunderstanding between Nigeria and the incoming Trump’s US government.”

But in a reaction on Friday, the Senior Special Assistant on Media and Publicity to the President, Mr. Garba Shehu, described the accusations as crazy, insisting that “Nigeria doesn’t have this kind of money to throw around.”

“What is the craziest accusation made against President Buhari?” Shehu posted on his Twitter handle, @GarShehu.

“That he donated $500m to Hillary’s campaign and that Donald Trump is angry. This has gone viral, sadly Nigerians are believing it!

“President Buhari’s Nigeria doesn’t have this kind of money to throw around. Even if the money is there, this President is the least likely person to give it as donation, and for what?”

Mr. Shehu noted that President Buhari is in discussion with the US government to repatriate loots stashed in American banks.

He said, “A FGN account has already been given for the return of one million dollars from Alamieyesiegha.

“Judgement on the $480m Abacha loot has been won and our Attorney-General, Malami (SAN) will be in the US next week to speak to the Department of Justice on the next steps for the return of that as well.

“The U.S is paying to Nigeria, not the other way round.”

Credit:

http://punchng.com/buhari-not-donate-500m-clinton-campaign-presidency/

500m Yahoo Accounts Hacked

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Computer hackers swiped personal information from at least 500m Yahoo accounts in 2014, the US tech company has announced, in what is believed to be the biggest ever digital break-in at an email provider.

The massive security breakdown disclosed on Thursday was blamed by Yahoo on a “state-sponsored actor” – parlance for a hacker working on behalf of a foreign government.

The California-based company did not explain what took so long to uncover the breach, and declined to explain how it reached its conclusions about the hacker. It said, however, it was working with the FBI and other law enforcement as part of its ongoing investigation.

The stolen data includes users’ names, email addresses, telephone numbers, birth dates, scrambled passwords, and security questions – and answers – used to verify an account holder’s identity.

Last month, the tech site Motherboard reported that a hacker who uses the name “Peace” boasted that he had account information belonging to 200m Yahoo users and was trying to sell the data on the web.

Yahoo is recommending that users change their passwords if they haven’t done so since 2014. The company said the attacker didn’t get any information about its users’ bank accounts or credit and debit cards.

The data breach poses new headaches for Yahoo CEO Marissa Mayer as she tries to close a $4.8bn sale to Verizon Communication.

News of the security lapse, which dates back to late 2014, could cause some people to have second thoughts about relying on Yahoo services, and raise questions about the checks and balances within the company.

Read More: aljazeera

Govs Move To Access $500m World Bank Funds

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Nigeria Governors Forum has begun steps to access $500 million dollars from the World Bank to improve infrastructure and other development activities in the 36 states of the federation.

Chairman of the Forum and Governor of Zamfara State, Abdulaziz Yari Abubakar disclosed this yesterday after receiving briefing alongside other governors from some international and local agencies on the Millennium Development Goals, MDGs, at the State House, Abuja.

According to him, the governors received assurances from the Nigerian National Petroleum Corporation, NNPC, that it was fully ready to fund the country’s economy through efficient delivery of its mandate.

“There are funds from the World Bank which states cannot access because we don’t know how to move forward as a result of lack of expertise. Permanent Secretary, Ministry of Health briefed us on how we can access the $500 million in that area.

“Second, we used to complain of the NNPC, but with the facts we have got today, it is different in the sense that the NNPC is going to be a different organisation. It is going to fund the economy fully in the sense that there won’t be any question of pipeline breaking or stealing of oil. We have taken care of that Instead of using the military only, why don’t we use technology to safeguard our pipelines?” he said.

Read More: nigerianpilot

Nigeria Gets $500m From World Bank To Improve Maternal, Child Health

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The World Bank Group’s Board of Executive Directors has approved a $500 million International Development Association (IDA) credit to significantly improve maternal, child, and nutrition health services for women and children in Nigeria.

By improving access to higher quality health services, the new development financing will help Nigeria to achieve its “Saving One Million Lives (SOML) Initiative,” which was launched by the Federal Ministry of Health in October 2012 to save the lives of the more than 900,000 women and children who die every year in Nigeria from largely preventable causes.

“Saving One Million Lives is a bold response from the Nigerian Government to improve the health of the country’s mothers and children so they can survive illness and thrive. This, in turn, will also contribute to the social and economic development of Africa’s largest economy,” said Benjamin Loevinsohn, a Lead Health Specialist and Task Team Leader for the new project…”

Read More: premiumtimesng

Ijaw Youths Applaud Jonathan For Relocating $500m Fabrication Site To Bayelsa

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The Ijaw Youth Council (IYC) has applauded President Goodluck Jonathan for the relocation of the Egina Floating Production Storage and Offloading (FPSO) vessel to Agge in Bayelsa. The 500 million dollars project had earlier been slated for LADOL fabrication yard in Lagos.

But President Jonathan on May 15, directed that the oil and gas investment project be relocated from LADOL Free Trade Zone (FTZ) in Lagos to Agga in Bayelsa.

The directive also instructed industry operators to move oil and gas cargoes to only ports in Warri, Calabar and Onne nearer to where the projects were to be sited.

In a statement issued in Yenagoa on Sunday by Eric Omare, IYC Spokesman, said the directive made economic sense and was in tandem with the Nigerian Content Act, 2010. “The IYC and indeed the Niger Delta people back the directive of President Jonathan to move the fabrication of oil and gas materials to the Niger Delta where the eventual job is to be done.

“This is not only in line with the requirement of the local content law but it also makes so much economic sense.

“It is common knowledge that Lagos is highly congested and there is need to move some class of cargoes, especially oil and gas materials, to ports within the Niger Delta region where the oil facilities are located.

“We consider the opposition to the Presidential directive and the attendant media propaganda as an insult on Niger Delta people,” Omare stated.

Omare also noted that all the oil companies operating in the Niger Delta region had their head offices in Lagos to the detriment of the Niger Delta economy, even when existing laws stipulated they should be domiciled in the Niger Delta.

Credit: NAN