S.J News• [Oct 10, 2012]

S.J News• [Oct 10, 2012]• http://sjnewss.blogspot.com/ Fuel Subsidy Scam: Lagos High Court, Ikeja grants bail to 8 accused oil marketers arraigned by EFCC on October 5, 2012 for fraudulent reception of ₦3.7bn. Presidential Technical Committee: 36 states & FCT to share ₦13.3bn (based on flood impact) as direct intervention; Govt agencies to get ₦4.3bn. Budgetary Allocation: Senate Committee on Education gives federal universities 2-week ultimatum for clarification on financial activities & budget implementation in the last 1 year. MTEF & FSP: House of Reps okays $80 per barrel of crude oil as benchmark for 2013 budget proposal; $75 proposed by Presidency. Agric: Agriculture Transformation Implementation Council holds maiden meeting; To address impact of flood on production; Only 40% of Nigeria’s 84million hectares of arable land utilized; ₦1bn daily cost for importation of rice to end by 2015. Kidnap: Najeem Salaam's (Speaker, Osun State House of Assembly) 1st wife, Muiba, abducted by unknown gunmen in Ejigbo, Osun state. Flooding: National Committee on Flood Relief & Rehabilitation setup to raise funds to relieve victims; Mike Adenuga as Chief Fund Mobiliser; Headed by Aliko Dangote & Olisa Agbakoba (fmr NBA President). Theft: CBN recovers over ₦5bn illegal deductions on depositors’ funds 4rm commercial banks; Monies returned to owners -Kingsley Moghalu (Deputy Gov, Financial Service). Mass Transit Train Service: 10 persons sentenced to 10 hours of community service each by Lagos State Special Offences Court, Ikeja for hanging on coaches.