Tag Archives: World Bank

Three Southern Governors Were Present When Buhari Begged World Bank for N/E Rehab – Shettima

Following the controversies generated by the call by President Muhammadu Buhari to the World Bank in 2015 to help rebuild the Northeast ravaged by insurgents, Borno State Governor, Kashim Shettima, on Friday, cleared the air on what Buhari actually said and those present. Speaking in Maiduguri late Friday night, Shettima said the President merely pleaded…

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World Bank To Release More Information On How Recovered Abacha Loot Was Spent By Past Governments

  The World Bank is set to release more information on how the recovered loot from late General Sani Abacha was expended by the government of Nigeria, reports Vanguard. To this end, the bank has referred the appeal by a civil group, Socio-Economic Rights and Accountability Project (SERAP), to the Bank Archives Unit for processing…

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World Bank: “We Need More Time To Respond To Abacha Loot Disbursement Request”

The World Bank has asked for more time to give details on how it dispensed the recovered assets stolen by Late General Sani Abacha and how it was spent by the Nigerian government. The World Bank made this disclosure in a response to a request by the Socio-Economic Rights and Accountability Project (SERAP) asking for information on…

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Okonjo-Iweala Gets Two International Appointments

Former Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, was on Monday appointed into two key international positions, her Media Adviser, Paul Nwabuikwu, said in a statement in Abuja. According to the statement by her media adviser, the former minister who was elected to the position after a highly competitive international search…

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World Bank Backs Buhari To Probe NNPC, Others, Over Missing Funds Allegations

  The World Bank has thrown its weight behind President-elect, Maj.-Gen. Muhammadu Buhari (retd.), to probe the Nigerian National Petroleum Corporation (NNPC) over allegations of missing funds. According to reports by Punch, World Bank’s Chief Economist for Africa, Mr. Francisco Ferreira Spoke in a video conference from Washington to journalists from across Africa on the…

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Okonjo-Iweala’s Fate To Be Decided Today As World Bank Board Votes New President

The World Bank’s 25 member executive board will today vote on who replaces outgoing president Robert Zoellick, whose term expires in June. The prognosis of the chances of the two remaining candidates  (Nigeria’s Ngozi Okonjo-Iweala, and the American Jim Yong Kim) shows that the American candidate remains odds on favourite to clinch the job.  …

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World Bank Presidency: GEJ Directs Adefuye To Rally For Okonjo-Iweala

  The Nigerian Ambassador to the United States of America has been directed to deploy all available resources to ensure that Dr. NgoziOkonjo-Iweala, Nigeria’s Finance Minister and Africa’s sole candidate for the World Bank Group Presidency, gets elected when the Board of Directors of the bank vote at the Spring meeting of the bank scheduled…

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