BREAKING: Capital expenditure gets N823.5bn, as Sanwo-Olu presents N1.4trn 2022 budget – Newstrends
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BREAKING: Capital expenditure gets N823.5bn, as Sanwo-Olu presents N1.4trn 2022 budget

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Lagos State Governor, Mr. Bababjide Sanwo-Olu

Lagos State Governor, Mr. Bababjide Sanwo-Olu, on Wednesday, presented 2022 Appropriation Bill of over N1.388 trillion before members of the State House of Assembly for consideration and approval.

Governor Sanwo-Olu presented the proposed budget size of N1.388,375,930,585, and tagged it “Consolidation”.

The 2022 budget proposal has N564.9 billion for recurrent expenditure and capital expenditure of N823.5 billion, at a well-attended event in Alausa, Ikeja.

The budget presentation was initially scheduled for November 17, but was rescheduled.

The 2022 budget estimates is a bit higher than that of the outgoing year, 2021 of N1.163 trillion.

Recall that the governor, had on November 10, 2020, presented year 2021 budget estimates of ₦1.155 trillion, christened: Budget of Rekindled Hope,” to be funded through projected total revenue of ₦962,528 billion before members of the state House of Assembly.

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Instructively, the state House of Assembly, subsequently, in its considerations increased the budget size to N1.163 trillion.

The budget has a Capital Expenditure of N702.9billion and a Recurrent Expenditure of N460.6billion which stands at a ratio of 60 to 40 per cent.

Sanwo-Olu, later, signed the year 2021 budget into law on December 31, 2020.

Speaking at the budget presentation, Sanwo-Olu at the Assembly Complex, said it was intended to reflect the determination to rise above the challenges that had affected the development indices in the last 10 months, occasioned by COVID-19 pandemic challenges.

“As well as demonstrate the willingness to overcome all obstacles and deliver all electoral promises to Lagosians, the Y2021 budget will reflect the continued execution of the THEMES,” the governor stated.

He added that the presentation of the 2022 budget was to allow for consolidation of the gains recorded by the government over the years.

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IGP orders withdrawal of police attached to Yahaya Bello

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IGP orders withdrawal of police attached to Yahaya Bello

Inspector-General of Police (IGP) Kayode Egbetokun has withdrawn all police officers attached to former Kogi Governor Yahaya Bello.

This is contained in a police wireless message obtained on Friday.

The document with reference number: “CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 read, “IG has ordered the withdrawal of all policemen attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello.

The Nigeria Immigration Service (NIS) has also placed Bello on its watchlist after he evaded arrest by the Economic and Financial Crimes Commission (EFCC) over alleged N80 billion financial crime.

The notice to this effect comes a few hours after the EFCC declared the former Governor wanted.

Bello is being wanted by the Economic and Financial Crimes Commission (EFCC) over alleged corrupt practices while in office as Kogi Governor.

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Tinubu’s aide under fire over comment on Yahaya Bello arrest

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Bayo Onanuga, special adviser on Information & Strategy

Tinubu’s aide under fire over comment on Yahaya Bello arrest

The internet users has bombarded the twitter page (X) of the Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, Mr Bayo Onanuga over his comment on former Kogi State Governor, Yahaya Bello, who resisted arrest by Economic and Financial Crimes Commission (EFCC).

Recall EFCC declared the former Kogi State governor, Yahaya Bello, wanted for alleged misappropriation of funds while in office. The development has been attracting mixed reactions from members of the public, and one of those who reacted was the Special Adviser to President Bola Ahmed Tinubu on Information and Strategy.

On Thursday, the EFCC had declared Yahaya Bello wanted in connection with an alleged case of money laundering to the tune of about 80 billion naira.

Sharing a photo of the former governor online, the anti-graft agency said that anyone with useful information about his whereabouts should contact them.

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Reacting to that, Onanuga asked Bello where he intends to run to, and advised him to turn himself in to the EFCC and get a good lawyer that would defend him.

He said, “Yahaya Bello, where will you run to? It’s better you submit yourself to the EFCC and get a good lawyer.”

Below are the reactions:

Tinubu’s aide under fire over comment on Yahaya Bello arrest

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Updated: More trouble for Yahaya Bello as Immigration places him on watch list

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Updated: More trouble for Yahaya Bello as Immigration places him on watch list

 

The Nigeria Immigration Service has ordered the arrest of former Governor of Kogi State, Alhaji Yahaha Bello, if found at any entry/exit point of the country.

The NIS said on Thursday night that Yahaya Bellowas placed on its watchlist after evading arrest by the Economic and Financial Crimes Commission (EFCC) over allegation of N80 billion fraud.

This notice came a few hours after the EFCC had declared the former governor wanted.

The NIS, in a letter addressed to the Director-General, Department of State Services (DSS), the Inspector-General of Police, the Director-General of the National Intelligence Agency as well as other formations declared that Bello had been placed on its watch list.

The letter was signed by the Assistant Comptroller of Immigration (Suspect Index), D S Umar, on behalf of the Comptroller General of the Immigration Service.

Part of the letter read, “Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for Conspiracy, Breach of Trust and Money Laundering vide letter Ref: CR: 3000/EFCC/LS/EGCS.1/TE/V 1/279 dated 18th April 2024, if seen at any entry or exit point, he should be arrested and referred to the Director of Investigation or contact 08036226329/07039617304 for further action.”

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