The Adamawa State Executive Council has approved a review, reconciliation, and recovery of funds owed to the state government especially the project gazelle, at the Nigeria Governors' Forum.
Project Gazelle" is a large-scale, $3.3 billion structured crude oil-backed forward-sale finance facility sponsored by the Nigerian National Petroleum Company Limited (NNPC), essentially using Nigeria's crude oil royalties and tax entitlements as collateral for a significant loan.
Briefing reporters after Monday's meeting, third for the year 2025, presided over by Governor Ahmadu Umaru Fintiri at the Council Chambers in Government House, Yola, the Commissioner for Information and Strategy, Hon. James Iliya, said the review and reconciliation were approved to ensure the state government receives all accrued funds.
The council also discussed compensating individuals whose land will be affected by the construction of government science and secondary schools in Madagali and Hong Local Government Areas.
The Commissioner stated that compensation will be provided to those whose houses or other property are impacted by the school construction.
Hon. Iliya James announced that the Executive Council discussed the ongoing coronation of Emirs and Chiefs in the state. He said that the state government invites the public to the coronation of the Ptil Madagali, HRM Dr Ali Danburam, on 19 February in Gulak, and HRH Prof. Bulus Luka Gadiga, Mbege Ka Michika in Michika on 20 February, 2025.
He explained that the coronation of the new Emirs and Chiefs in the state aims to enhance the state's security architecture, bring leadership closer to the people, and ensure a government presence is felt in the affected communities and the state as a whole.