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FG vows to recover $7bn bailout funds from commercial banks

•Commences investigations  Godsgift Onyedinefu  The Federal Government said it has commenced investigation into the $7 billion bailout funds given to commercial banks in 2016 by the Central Bank of Nigeria  (CBN) in a bid to recover the money. The Chairman of Special Investigation Panel for the Recovery of Property, Chief Okoi Obono-Obla  disclosed

Extra income from oil to go to infrastructure – Buhari

Income accruing to the country from rising oil prices in the international market will be spent on infrastructural development, President Muhammadu Buhari has pledged. Receiving a delegation from Eni, led by the Chief Upstream Officer, Mr Antonio Vella, the President said extra funds outside the provision of year 2018 budget “will

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