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September 20, 2018 / 10:46 PM / Updated 5 hours ago Nigeria police say $470.5 million retrieved in asset recovery exercise YENAGOA, Nigeria (Reuters) - Police in Nigeria recovered $470.5 million in bank accounts related to the state oil company as part of an exercise to recover stolen funds, and the money will be sent to government coffers, the country’s police force said on Thursday. President Muhammadu Buhari, who won the 2015 election on an anti-corruption ticket, ordered government revenues to be placed in a Treasury Single Account (TSA) at the central bank as part of an anti-corruption drive. Money recovered from alleged graft would also be put in the account. The police on Thursday said they had launched a nationwide exercise to recover stolen funds, to be placed in the TSA, during which it discovered money related to the Nigerian National Petroleum Corporation’s (NNPC) Liquefied Natural Gas business unit. Police recovered “$470,519,889.10 belonging to NNPC Brass/LNG Investment hidden in some commercial banks after the directives of the federal government on TSA,” police spokesman Jimoh Moshood said in an emailed statement. Moshood, who said the recovery followed an investigation by specialist police units, did not state when the money was recovered. A spokesman for NNPC did not immediately respond to phone calls and text messages requesting comment. Buhari plans to seek a second term in a presidential elections scheduled to take place in February http://sweetmandrako1996.wordpress.com 2019. Nigeria, Africa’s top crude oil producer and which has one of the continent’s largest economies, in early 2017 emerged from its first recession in 25 years, which was largely caused by low oil prices. Reporting by Tife Owolabi; Writing by Alexis Akwagyiram; Editing by Leslie Adlerhttps://www.reuters.com/article/us-nigeria-corruption/nigeria-police-say-470-5-million-retrieved-in-asset-recovery-exercise-idUSKCN1M039M?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29
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Macron and Merkel’s bid to SAVE Europe REVEALED Jens Weidmann, Bundesbank president and a former economic policy advisor to Ms Merkel, is touted as a future successor to the ECB’s top job but only if the German leader wanted to occupy the position. She appreciates her former advisor’s readiness to step up in the senior EU position, however, Mr Weidmann’s services will not likely be needed as Ms Merkel sets her sights on the Commission’s presidency. The Commission has only had one German president; Walter Hallstein, who ruled the EU’s powerful executive from 1967. Berlin is ready for another German at the EU’s helm as it hopes to create policy in a number of crucial areas, including eurozone reform, the German energy transition or the ongoing trade war with US President Donald Trump. EU news: Angela Merkel hoping to parachute German in as next European Commission president (Image: EbS) There are a number of potential German candidates who could appear on the table as the European People’s https://shyliforan84.wordpress.com Party Spitzenkandidat – the process of selecting the European Commission’s president. Under the controversial process, first used to appoint Mr Juncker, awards the Commission presidency to to party winning the most seats in the European Parliament. The conservative EPP are once again expected to bring home the most seats at the upcoming European parliamentary election in May 2019. Manfred Weber has been touted as one of potential German candidates for the Commission presidency. Already the EPP’s leader in the European Parliament, Mr Weber’s desire to take on the top EU job is an open secret. Austria's Kurz reaffirms commitment to EU after Putin wedding invite Long-time ally of Ms Merkel, Peter Altmaier, is another name on the cards.
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Pension proposal to tax older workers SLAMMED as 'utterly unfair' Murdo Fraser, Scottish Conservative shadow finance secretary, said: "These substantial errors within the SPPA’s IT system appear to have been known about for some time and yet Ministers have been praising progress and delivery. “At best we have another SNP IT system failure that will cost taxpayers millions of pounds. At worst the payment of 500,000 pensions belonging to firefighters, teachers, police officers and NHS workers could now be in jeopardy. “There doesn’t seem to be any limit to the IT incompetence of the SNP. Farmers have already suffered due to SNP mismanagement, now https://dontretailor1994.wordpress.com it’s pensioners. “Most worryingly, this fundamentally undermines all the assurances we have heard that the SNP delivery of social security will be properly managed.” The Agency launched the 'One SPPA' project in 2013 which included plans for an integrated computer system to administer its four big pension schemes. It runs the £60billion NHS Superannuation Scheme, which has 235,000 members and 100,000 pensioners, and the £36billion Scottish Teachers' Superannuation Scheme, which has 94,000 members and 78,000 pensioners. Since the police and fire merger, it also now looks after police and firefighter schemes with 26,000 members and 20,000 pensioners in total. The Capita contract was supposed to provide IT support for this new expanded role by March 2017. However, a "significant number" of problems emerged within months of the contract being signed and by the autumn of 2016 it was clear the project would not be completed on time. Despite these setbacks, the Scottish Government boasted in its 2016 budget statement: "This programme will deliver better digital services based on an integrated pension administration and pensioner payroll system." By the end of last year, however, the roll-out of the new IT system was running two-and-a-half years behind schedule and a report by public spending Audit Scotland warned of the "significant financial, reputational and service delivery risk to the SPPA".
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READ MORE FROM THE DAILY EXPRESS' INTERVIEW WITH THERESA MAY: Prime Minister pledges £20billion NHS funding increase – but warns of taxpayer cost Theresa May said Brexit will give 'freedom to deliver the British dream' (Image: Tim Clarke) Brexit will give Britain the freedom to spend billions of pounds of more money on the country’s own priorities, including investing in the NHS , tackling the housing shortage and educating the next generation with the skills needed to get on. She added: “This is all about helping people along the way of that British dream. “Brexit gives us opportunity to have the freedom to be able to deliver that in a way that we haven’t been before.” Mrs May was scathing about the People's Vote and other well-funded campaign groups demanding a fresh national referendum on the Brexit decision. “When the referendum took place, we gave people the opportunity to make a choice. They made that choice. If we as politicians want people to trust us, then we have to deliver for them on that," the Prime Minister said. “This was probably the biggest exercise in democracy in our country’s history. If we were to go back on that vote, it would destroy trust in politicians. Barnier plots to force UK into Brexit deal that CANNOT be changed Theresa May speaking exclusively to the Daily Express (Image: Tim Clarke) “The parliamentary vote to give the choice to the people wasn’t a close run thing, a five to one or six to one vote to say to the public it’s your choice. “People weren’t saying it’s the choice of the public except if we disagree with the answer we’ll ask them again.
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