Buhari approves new board members for Nigeria’s sovereign wealth agency

President Muhammadu Buhari has approved the list of nominees into the reconstituted Board of Directors of the Nigeria Sovereign Investment Authority.
The agency, which announced the approval on Wednesday in a statement in Abuja, said the list had earlier been approved by its Governing Council.
The National Economic Council, NEC, during its last meeting
received the list of nominees.
The list of the new Board nominees includes Olajide Zeitlin, representing the South West geo-political zone, as Chairman; Bello Maccido (North West), Lois Laraba Machunga-Disu (North Central) and Urum Kalu Eke, (South East).
Others included Halima Buba (North-East) and Asue Ighodalo (South-South).
The new board would succeed the Mahey Rasheed-led board, whose tenure ended last month.
The Nigeria Sovereign Investment Authority is a state-owned investment agency established with a mandate to manage the fund set aside for investments in real and financial asset in strategic sectors of the economy.
As a natural resources depended economy, NSIA funding is dependent on the excess revenues accruing to the federation account from the export of crude oil and other commodity trading activities revenues.

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Prosecutors allege rapper Young Thug led gang as trial begins and many details unfolded

Prosecutors in Atlanta said Monday that rapper Young Thug was the “proclaimed leader” of a gang that “moved like a pack” to commit crimes, as opening statements in a long-delayed racketeering case got underway. Controversy and hiccups have dogged the sprawling trial alleging criminal conspiracy since jury selection began in January, notably over the state’s presentation of rap lyrics as evidence. The US state of Georgia holds that Young Thug’s record label, YSL, is a front for a crime ring, arguing that the defendants belong to a branch of the Bloods street gang identified as Young Slime Life, or YSL. “The evidence will show that YSL checks all of the boxes for being a criminal street gang,” said Fulton County prosecutor Adriane Love as she delivered the government’s statement, which she began by quoting Rudyard Kipling’s “Law of the Jungle.” Love addressed the issue of songwriting head on: “We didn’t chase the lyrics to solve the murder, we chased the murder and found the lyrics...

Ronaldo Left Out Of Portugal Squad

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Diego Costa: Atletico Madrid complete deal for Chelsea striker

Problems between Costa and Chelsea surfaced earlier in the year when he was dropped after a dispute with a fitness coach Striker Diego Costa has completed his move back to Atletico Madrid from Premier League

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