The Attorney-General and Minister of Justice, Mr. Abubakar Malami, signed on behalf of the Federal Government while the British Minister of State for Immigration, Robert Goodwill, endorsed the pact on behalf of his home government.
Nigerian banks have become very stringent in funding oil and gas projects owing to a doubtful balance sheet position and inability of firms to service previous loans worth more than N2.2 trillion.
Facebook CEO Mark Zuckerberg on Tuesday visited Nigeria on his first trip to Africa, using his time in the country to visit the Yaba technology hub in Lagos where he met with developers and partners.
The Central Bank of Nigeria (CBN), which made this disclosure in its second quarter report, added that the sum of N7.86 billion was equally distributed as exchange gain among the three tiers of government as 13 per cent Derivation Fund.
What appears another major controversy over the employment of German tactician, Gernot Rohr, to manage the Super Eagles cropped up yesterday following a declaration by Sports Minister, Solomon Dalung, that he knew nothing about the deal.