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Incredible! How Each Nigerian Owes ₦155,000

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World Bank debtors’ list

Interestingly, the Debt Management Office, DMO, has announced that the total debt stock of Nigeria rose to N31 trillion as of June 2020.

It also said the debts are expected to rise this year following more debts to be sourced from international financiers.

As of March 2020, the debt was at N28.6trn comprising all debts of the Federal Government, the 36 state governments and the Federal Capital Territory (FCT).

The latest debt total of N31.009trn debt is about $85.897 billion while that of March which was N28.628trn was about N79.303bn.

Cause of increase

The debt stock grew by N2.38trn or $6.59bn within the three months interval.

The additional increase was due to the $3.36bn Budget Support Loan from the International Monetary Fund IMF), new Domestic Borrowing to finance the Revised 2020 Appropriation Act, the issuance of the N162.557bn Sukuk, and Promissory Notes issued to settle Claims of Exporters.

The components of the debts are:

The multilateral debts are the highest of the stock of N16.360trn accounting for 51.97% of the total stock. The 10 agencies include IMF, World Bank Group, the African Development Bank (AfDB) Group, Eurobonds and Diaspora bonds.

The bilateral debts account for N3.948trn representing 12.54% of the debt stock taken from the international development agencies of China, France, Japan, India and Germany.

The third debt category is the commercial debt which is N11.168trn and represents 35.48% of the debt. This is the second largest debt after those of the multilateral agencies with Eurobonds and Diaspora bonds accounting for them.

Further rise

The debt stock will rise with the expected borrowing from the World Bank, African Development Bank and the Islamic Development Bank which were arranged to finance the 2020 Budget Appropriation.

The Nigeria Customs Service was recently given part of these funds to automate its services at the ports, to the tune of $3.1 billion.

Most of the loans are long term facilities with the repayment beginning already while the fresh loans’ repayment begin from 2022.

On the Sukuk bonds and other domestic bonds, their maturity periods are often between five and seven years for the repayment.

What you owe

The ministry of finance recently said there are plans made for the loans to be repaid. So far in the 2020 budget, over N3 trillion or a quarter of the budget is dedicated to debt servicing, for repaying the debts.

At N31 trillion, every Nigerian from the over 200 million population owes the debtors N155,000 in debt.

This debt per Nigerian will rise further when the loans from World Bank, AfDB and IsDB comes in later this year.

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Grace Nation PHDS: You Must Fight hard to End Your Family Pattern – Dr Chris Okafor

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Grace Nation PHDS: You Must Fight hard to End Your Family Pattern - Dr Chris Okafor

Grace Nation PHDS: You Must Fight hard to End Your Family Pattern – Dr Chris Okafor

 

You cannot be born again and experience the same pattern they go through in your lineage, it will be a kind of insult to the kingdom when you understand the kingdom Practice and still follow suit in the family pattern, No it cannot be.

This and more are the foundation raised by the Senior Pastor Grace Nation international aka Liberation City Dr Chris Okafor at the Midweek Prophetic, Healing, Deliverance and Solutions PHDS service held on Thursday 6th 2025 at the international Headquarters of Grace Nation world-wide in Ojodu Berger Lagos

The Generational Prophet of God Dr Chris Okafor who Preached on the Subject Victory Over the Devil of My Father’s House, said to become victorious over your Family pattern you must first understand the source of the Problems, then you can fight it out.

The Generational Prophet of God emphasised that some parents have sinned and are no more but the children faces the consequences of the mistake they made, therefore for you to enjoy total freedom from your father’s iniquity you must be determined to fight battles. You must fight to end the same family pattern limiting greatness in your bloodline.

Therefore To end the family Pattern,The Generational Prophet of God said You must be ready to leave a righteous life, a Holy life full of Purity, You also must be Prayerful and Practice Kingdom Sacrifice, Meaning you must partner with the kingdom with your substance because when you partner with the kingdom, the kingdom in return stand for you in the day of need, The Apostle of altars concluded that the Job of the Spirit is to Permanently keep you for Good and to do many exploits.

The Realms of the Prophetic witness Supernatural hand of God, Evil altars catching fire, Bloodline diseases receives healing ,Various kinds of Miracles, Deliverance,Healing and Restoration of destiny.

Meanwhile the Annual family Liberation Conference Harvest of Babies is expected to come up at the end of March 2025, the Much anticipated program is expected to put smile on the faces of mothers as more Mother will carry there Miracle babies, so get ready for the conference, details of the conference will be publish in our subsequent Publications.

Grace Nation PHDS: You Must Fight hard to End Your Family Pattern - Dr Chris Okafor

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Court Dismisses Businessman, Funtua’s Suit Seeking To Stop EFCC’s Probe Over Alleged Fraud

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Court Dismisses Businessman, Funtua’s Suit Seeking To Stop EFCC’s Probe Over Alleged Fraud

A Federal High Court in Abuja and presided over by Justice Emeka Nwite has thrown out a suit seeking to compel the Attorney General of the Federation and Minister of Justice, AGF, Mr Lateef Fagbemi, SAN, to stop the Economic and Financial Crimes Commission, EFCC, from investigating allegations of fraud and economic crimes allegedly committed by a businessman, Abu Samaila Isa Funtua.

 

The presiding judge dismissed the case on Monday, February 24, 2025 on the ground that the request of the businessman lacked merit and substance.

 

 

Delivering judgment in a fundamental rights enforcement suit against AGF and EFCC, Justice Nwite held that AGF has enormous power to take over proceedings in criminal matters but held that such enormous powers are not at large.

Justice Nwite said that under Section 43 of EFCC Act 2004, the anti-graft agency was not under any obligation to take advice from any ministry or agency to drop its statutory powers to initiate investigation into any alleged economic crimes.

The businessman had in his suit marked FHC/ABJ/CS/2024 sued the AGF and EFCC complaining of unlawful investigation into some business transactions involving him and others.

He alleged that EFCC was biased and mischievous in the ways and manners he was being investigated.

Specifically, Funtua alleged that EFCC was acting the script of his business adversaries to cause investigation against him without telling him the nature of his offence or show any petition against him.

Funtua subsequently asked Justice Nwite to issue an order of mandamus against the AGF to order EFCC to drop the investigation and direct any other security agency of the federal government to take over the investigation.

However, in his judgment, Justice Nwite held that Section 174 (3) of the 1999 Constitution upon which the case was predicated did not confer any power on the AGF to nominate any agency to conduct investigation into economic crimes or financial breaches.

The judge held that in the exercise of its statutory duties, the EFCC was not under any obligation to obey directives from any ministry or government department.

Justice Nwite said that Section 43 of the EFCC Act 2004, has no ambiguity to the fact that the anti-graft agency shall have powers to initiate investigation into alleged economic crimes and initiate prosecution of those indicted in the process.

He subsequently dismissed the suit for want of merit and substance.

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Hiyah Shally’s Birthday Bash : A Night of Glamour And Celebration At Exclusive Lounge – Alhaji Arems

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Hiyah Shally’s Birthday Bash : A Night of Glamour And Celebration At Exclusive Lounge – Alhaji Arems

 

Ikorodu, Lagos – The Exclusive Lounge was the place to be on Thursday, February 27th, as friends, family, and well-wishers gathered to celebrate the birthday of the stunning and charismatic Hiyah Shally. The event, which was a perfect blend of glitz, glamour, and good vibes, brought together some of the most prominent names in entertainment, business, and traditional leadership.

The birthday bash, held at the upscale Exclusive Lounge on Ayangburen Road, was nothing short of a spectacle. Guests arrived in their best attires, adding an extra touch of elegance to the already sparkling ambiance. The beautifully decorated venue, coupled with top-tier hospitality, set the tone for an unforgettable evening.

One of the highlights of the night was the presence of several high-profile personalities, including Alhaji Arems of Arems Entertainment, who was confirmed as a special guest. Other dignitaries in attendance included High Chief Bolaji Esho (Eldorado), HRM Tadenikashe Ademuluyi, Queen Adegbesan Ademuluyi, Mr. Clement Akinola (DPO Igbogbo Ikorodu), Mr. Folorunsho Oluomo Ajah, and Mr. Lukman. Notably, popular artist, K-Shanana was also spotted among the esteemed guests, adding even more prestige to the occasion.

As the night unfolded, attendees enjoyed a variety of entertainment, music, and side attractions, including the much-anticipated ‘Sexy Ladies’ showcase, which kept the energy levels high. The combination of lively beats, premium drinks, and a vibrant crowd created an electric atmosphere that lasted well into the night.

Hiyah Shally, the star of the evening, looked breathtaking in her dazzling outfit, radiating joy and appreciation for the love shown by her guests. She took time to personally greet attendees, capturing memorable moments and making sure everyone felt welcomed.

The celebration was not just about partying; it was a testament to Hiyah Shally’s influence and the respect she commands among her peers and the broader community. Her ability to bring together such a distinguished crowd speaks volumes about her personality and impact.

As the event came to a close, guests left with smiles on their faces, having experienced an evening of joy, networking, and unfiltered enjoyment. Hiyah Shally’s birthday bash was undoubtedly a night to remember, setting a new standard for exclusive celebrations in Ikorodu.

With such a remarkable gathering, it’s safe to say that this birthday party will be talked about for a long time. Here’s to more celebrations and unforgettable moments in the years to come!

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