FEDERAL GOVERNMENT DEPOSITS 200 BILLION NAIRA WITH CBN.

 The Presidency disclosed yesterday that the federal government has opened an account with the Central Bank of Nigeria (CBN) in which it has deposited N200 billion being part of the funds allocated to tackle the rot in the nation's university system. Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe and the Executive Secretary of the National Universities Commission, Prof. Julius Okojie, confirmed the development and added that the federal government has also extended the deadline on an ultimatum issued to striking university lecturers, asking them to go ‘Back to Class’ from today December 4 to December 9, Professor Okogie, said that the ultimatum had been shifted to enable the Academic Staff Union of Universities (ASUU) carry out the burial ceremony of Professor Festus Iyayi, a former leader of the union who died in the line of duty, while all lecturers, who would resume duties on December 9 would be paid their full salary arrears. Meanwhile,University Of Benin has resumed academic activities and the Federal University of Technology Owerri has sacked all lecturers on its payroll.