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We’ve achieved 79% implementation –Minister

udo-udoma

The Federal Government yesterday, declared it has spent about N3.57 trillion out of its N6.06 trillion budget for 2016 as of end of September this year.
This, according to the Minister of Budget and National Planning, Udoma Udo Udoma, represents about 79 per cent performance of the prorated budget for the first three quarters of the year.
Speaking at the KPMG CFO Forum Breakfast Meeting in Lagos Monday, Udoma said the Federal Government’s Strategic Implementation Plan (SIP) was anchored on four policy fundamentals that include critical infrastructure, embracing the private sector, fostering social inclusion and job creation, improving security and tackling corruption.
“Notwithstanding serious revenue shortfalls, the Federal Government had spent about N3.57 trillion as of September 2016 out of the full year budget of N6.06 trillion for the 2016 fiscal year and this translates to a 79 per cent performance of the prorated budget for the first three quarters.
“In addition to the total of N2.44 trillion so far released for capital expenditure, non-debt recurrent and service-wide vote expenditure, a total of N1.138 trillion had also been paid out in domestic and foreign debt service expenditures and this includes N44 billion transferred to the sinking fund to retire maturing obligations,” he explained.
The Minister disclosed that budgeted personnel cost and debt service obligations have been fully met and despite fiscal challenges, government remains committed to meeting its debt obligations while funding critical sectors to enable it to function smoothly.
He noted further that, “the total amount of N753.6 billion already released for capital expenditure in 2016 was the highest in the nation’s recent history, even in an era of high oil prices.
Indeed, the capital releases to date exceeded the aggregate capital expenditure budget for 2015 of about N700 billion, inclusive of capital expenditure in statutory transfers,” he said.
Meanwhile, Udoma said the 2017 budget would target private sector in Nigeria as a way of opening the economy to diversification.
While presenting the 2017 CFO Survey Questions, National Senior Partner, KPMG, Kunle Elebute, said that apart from the forum aimed at fostering growth in all sectors of the economy, its objectives include to give a voice to CFOs, particularly on what they would like to see in the 2017 budget and how the budget can be used as an instrument to ease out of recession.

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12-year-old boy kills landlady as condition to be initiated into a cult

Ethiope East Local

A 12-year-old boy, who allegedly robbed and killed his landlady at Abraka, Ethiope East Local Government Area, Delta State, yesterday, was among those paraded for various offences by the state Police Command, yesterday.

 

The state Commissioner of Police, Mr. Zanna Mohammed, who briefed reporters on the arrest of over 60 kidnappers, robbers, murderers, cultists and ritualists in the last three weeks, said the teenager confessed that he committed the act because a cult group told him that one of the conditions for initiation was that he must have been involved in a criminal act.

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Headlines

Super Falcons striker, Asisat Oshoala, comes to Falz defence with regards to statement about glorifying fraudsters

Asisat Oshoala

Nigerian professional footballer, Asisat Oshoala, who plays as a forward in the Chinese Women’s Super league for Dalian Quanjian F.C., took to her Instagram to express deep concern about how people are now proud to be fraudsters.

 

 

In Falz’ defense, she insisted fraudsters shouldn’t be glorified.

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Foreign

Zimbabwean Church leader in s*x scandal as photos naked photos and sex acts with 33 girls is exposed

Church leader
A Zimbabwean church leader, Nyasha Light Nyatsungo is enmeshed in a sex scandal and might also be facing legal action, after his ex-girlfriend flooded social media with his nude photo.
It was gathered that the Nyatsungo allegedly sent a nude picture of his Cape Town based ex–side chick, Shingi Mavenge, to his other girlfriend only identified as Beula who later broadcasted it on social media.
According to H-Metro, in an apparent fit of rage, Mavenge posted a WhatsApp chat she had with Nyatsungo’s wife identified as Nyasha Nhahumbi as well as a group chat with some of her former lover’s concubines.
According to Mavenge, she has gotten information that Nyatsungo has at least 33 girlfriends and has ditched his wife of eight years.
She adds that Nyatsungo bedded a girl who was their neighbour as well.
Mavenge said that the church leader’s wife revealed that they even consulted their local pastor in Mutare who failed in his attempts to mend Nyatsungo’s ways.
According to H-Metro, Nyatsungo, a married father of two, has denied ever circulating the picture, labelling Mavenge as a bitter woman whom he just flirted with on Facebook and nothing more.
“This Nyasha guy must be stopped in his tracks. He is going to pay for all the damage that he has done to me. He was the only one who had that leaked picture and I am shocked why he would forward it to some other girl,” fumed Mavhenge who is working on taking legal action.
 
“I started dating this guy in 2015 and never knew he was married. He lied.”  fumed Mavenge yesterday.
“That guy is full of lies and at some point, we opened a group chat with his wife and some of his girlfriends. He normally targets single mothers” added Mavenge.
H-Metro was furnished with six other cellphone numbers of his girlfriend that include Fadzai, Mutsa, Essy, Juliana, Barbra among others. Mutsa confirmed she once had a relationship with Nyatsungo have since terminated it since she discovered he was married.
Mavenge confirmed they met once in Johannesburg when she had to fly from Cape Town to meet her man sometime in April.
“That night he didn’t even have money. I had to pay the R800 for the accommodation as he had no money. He wanted to have sex with me but I flatly refused. He even wanted it without protection and I said No. he looked terrible with clothes in a plastic shopping bag. I want to write a letter to Pastor Rex who is the head of (the church) in Harare so that this guy be stopped with his tricks and lies,” added Mavenge.
When contacted over the phone in Mutare Nyatsungo confirmed he knew Mavenge but never had a relationship with her.
“I know her and we once flirted on Facebook. We never had a relationship as she is alleging. I don’t know why she is bitter. I haven’t seen the nude pictures she is talking about but I heard about it from Beula. We live in a democratic country. She can go ahead and sue me if she feels her rights have been infringed upon. All the allegations she is making are false and I don’t know her motive in trying to tarnish my image,” said Nyatsungo.
He said he was still with his wife whose phone rang without response yesterday afternoon. Despite his denials, H-metro was furnished with pictures of Nyatsungo and Mavenge, the time they met in April.

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