S.J News• [Dec 5, 2012]

S.J News• [Dec 5, 2012]• http://sjnewss.blogspot.com/ ECA: Excess Crude Account hit $9bn as @ end of November, 2012; Part of proceeds used to offset claims on petroleum subsidy -Dr Ngozi Okonjo-Iweala (Minister of Finance). NSC: ₦6.77bn budget for 2013 fiscal year presented to House of Reps Committee on Sports; ₦400m approved for ongoing National Sports Festival was used for London 2012 Olympics -Patrick Ekeji (DG, National Sports Commission). Budget of Transformation: Gov Idris Wada (Kogi) presents ₦131bn appropriation bill for 2013 fiscal year to State House of Assembly; ₦65.6bn recurrent & ₦65.4bn capital expenditure. Projects: Nigerian contractors to execute engineering & construction projects below ₦5bn from 2013 -Mike Onolememen (Minister for Works). NCS: Nigeria Customs Service targets ₦150bn monthly revenue in 2013; ₦100bn currently generated monthly -Dikko Abdullahi (Comptroller of Customs). Budget of Sustainable Development: Gov Isa Yuguda (Bauchi) presents ₦137.3bn for 2013 fiscal year to State House of Assembly; ₦63.3bn recurrent & ₦74bn capital expenditure. Royal Pugilist: Muhammad Ali to be crowned King of Boxing @ World Boxing Council's (WBC) 50th convention from December 3 to December 8 in Cancun (coastal resort in SE Mexico). Fugitive: John McAfee (anti-virus software pioneer) flees Belize for Guatemala to seek political asylum; Been on the run in Belize following police probe into murder of his neighbour on 11 November.