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Only $2.2 Billion Is Left In Nigeria’s Excess Crude Account – NEC

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Nec meetingThe Governor of Oyo State, Abiola Ajimobi, on Thursday said Nigeria’s Excess Crude Account as at 15th of September stands at $2.257 billion.

 

Briefing State House correspondents after the National Economic Council (NEC), Governor Ajimobi said states of the federation have started benefiting from the Special Intervention Fund approved by President Muhammadu Buhari.

The NEC meeting, which was presided over by the Vice President Prof Yemi Osinbajo, was briefed on the bail out by the Central Bank Governor (CBN), Mr. Godwin Emefiele.

Mr Emefiele said 18 states had been able to draw from the fund, while a number of other states are being processed for the soft loan facility.

The soft loan facility is part of President Buhari’s relief package designed to help states pay backlog of salaries and also ease their financial challenges caused by the drop in federal allocation.

NEC also received an ongoing report from its ad-hoc committee of five governors on the management of ECA and federation account related issues which is still on going.

The refund of expenses to states that executed repairs on federal roads under the past administration also came up.

Reports, however, indicate that some states have not complied with the reimbursement requirements and are yet to receive any payment from the Federal Government.

NEC also approved a plan to roll out an agriculture plan for the states of the federation beginning with 12 states and the FCT and called for a closer interaction between farmers in states and local governments.

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Plantashun Boiz attempted reunions failed because I wasn’t invited, says Blackface

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Blackface, the Nigerian dancehall singer, says Plantashun Boiz, a defunct music group, multiple attempts to reunite failed because he was not included.

Formed in 2000 with 2Baba and Faze, Plantashun Boiz disbanded in 2004 but briefly reunited in 2007 for an album.

In a recent episode of the ‘Curiosity Made Me Ask’ podcast, the host asked Blackface if there was any chance that the group might come back together.

The singer disclosed that his colleagues had attempted to reunite without him but were unsuccessful.

“Without me, they have tried and they have failed. Many times. You saw them in all those shows that they were going,” he said.

“They tried but they failed. But what I must say is I’m the plantation. So let it be known. Forget the fake memo that they spread before.”

In September, Blackface called for the reunion of the defunct music group.

He urged fans to join the mission, emphasising that “unity is strength, not division”.

“My people oya make una talk put mouth for this matter! We are on a mission for world peace and it’s not a small-time thing,” he said in pidgin English.

Since 2015, Blackface constantly tackled 2Baba for recording 2004 hit ‘African Queen’ which he claimed he wrote.

In 2017, he argued that 2Baba “sabotaged” his career in the music industry.

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Despite feud, Peter Okoye celebrates Paul on 43rd birthday

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Peter ‘Mr P’ Okoye, the Nigerian singer, has celebrated Paul ‘Rudeboy’ Okoye, his twin brother, on their 43rd birthday amid their ongoing feud.

The twin brothers have been in the public eyes since their second fallout in August.

They had their first rift in 2017 which led to the dissolution of Psquare, their music brand. Though they reunited in November 2021, their reconciliation was short-lived.

Paul recently revealed another fallout, accusing Peter of orchestrating his arrest by the Economic and Financial Crimes Commission (EFCC).

Peter, however, denied the allegations and accused Jude Okoye, their older brother, of diverting millions of dollars from their joint account into a secret company.

Responding to the accusations, Jude said he had done everything possible, even “sacrificing himself,” to mend the rift between his brothers.

In an Instagram post on Monday, Peter shared several photos showcasing their growth over the years.

He also celebrated their birthday while wishing himself as well as his twin brother more wins.

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Tiwa Savage calls out Wizkid fan for bullying

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Wizkid’s group of fans collectively known as “Wizkid FC” are popular for their vehement support for Wizkid and their antagonism toward those considered his rivals.

Tiwa Savage is the latest artist to call out Wizkid FC for harassment after some members of the fanbase mocked her for releasing a song on the same day as Wizkid.

On November 15, 2024, Ruger released his new song ‘Toma Toma’ featuring Tiwa Savage which she shared on her Instagram page with the caption “Told yall this one is special. The @rugerofficial called and I answered”.

In response, a Wizkid fan said “Dey play, nothing special pass Wizzy hits”.

The reply rubbed off wrongly on Tiwa Savage who said “Because I am promoting music? WTF…y’all are not fans anymore ooo you guys are actual bullies”.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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