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Here are 10 things you need to know this morning:

1. There are reports that the Federal government has commenced the disbursement of the first tranche of the N90bn conditional loan facility to some states that have already applied for it. The loan is to further save the states from the embarrassing situation most of them are currently facing. Report , however, says Lagos State opted out as it did not apply for the loan.

2. The Lagos State Police Command said it had arrested two suspected militants, who attempted to attack Igando community in the state. Spokesperson for the command, Mr Dolapo Badmos, disclosed this in Lagos, yesterday. Badmos said that the suspects were nabbed on Thursday and three guns and ammunition were recovered from them.

3. Report has it that the Economic and Financial Crimes Commission has requested the immediate past Chief of Air Staff, Air Marshal Adesola Amosu (retd.); a former Chief of Accounts and Budgeting in Nigerian Air Force, Air Vice Marshal Jacob Adigun; and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo, to forfeit the 33 properties they acquired from the nation’s funds they diverted. Report says these were the conditions for the plea bargain given to the three accused persons.

4. Movement for the Emancipation of the Niger Delta (MEND) has said it will not dialogue with the Office of the National Security Adviser on issues concerning the challenges in the Niger Delta region. It explained in a statement signed by its spokesperson, Jomo Gbomo, that though it had selected an Aaron team that would speak with the Federal Government on the region’s development, it can only discuss with a body that has executive power but not ONSA.

5. Ekiti State Governor, Ayodele Fayose, has chided former Governor, Segun Oni for criticising his style of governance during a radio interview. Fayose , in his response accused the Deputy National Chairman (South) of the All Progressives Congress, of doublespeak. He said the ex-governor once spoke the ill of his successor and Minister of Solid Minerals Development, Dr. Kayode Fayemi, but they are now friends in the new government at the centre.

6. The Nigerian Union of Petroleum and Natural Gas Workers on Saturday advised the Federal Government against the issuance of bailout funds to state governments for the payment of workers’ salaries. The NUPENG’s South-West Chairman, Mr Tokunbo Korodo, gave the advice in Lagos. Korodo advised the state governments with huge salary arrears to look inwards and find new ways to generate revenue, without waiting for monthly allocations from the federation account.

7. Boko Haram terrorists in their numbers, Friday evening, attacked troops location at Rann, Kala Balge Local Government Area of Borno State. The terrorists stormed the area on motorcycles with Improvised Explosive Devices, Anti-Aircraft Guns and other weapons at about 5.00pm. Army spokesman, Colonel Sani Usman, confirmed that one of the terrorists’ suicide bomber blew himself beside gun truck killing the driver and the gunner.

Two soldiers were wounded in action while 3 others sustained minor injuries.

8. Following the travail of former deputy Governor of Osun State, Iyiola Omisore in the hands of the Economic and Financial Crimes Commission, EFCC, the state chapter of the Peoples Democratic Party, PDP, has appealed to the Ooni of Ife, Adeyeye Enitan Ogunwusi to intervene in the matter. Omisore, a former Senator was arrested last week by the EFCC for allegedly receiving about N1.31bn from the Office of the National Security Adviser, ONSA, during the August 9, 2014, governorship election in the state, in which he was the PDP’s flag bearer.

9. Two other banks have reportedly failed liquidity test and are being monitored by the CBN. Speaking yesterday on Channels Television, CBN Director, Banking Supervision, Mrs. Tokunbo Martins, said one or two commercial banks had failed liquidity tests but were not in the same situation as Skye Bank. She, however, assured that Nigeria’s banking industry was healthy.

10. A former Inspector General of Police, IGP, Ogbonnaya Onovo, has condemned the retirement of senior officers by the Police Service Commission, PCS, describing the trend as dangerous. Onovo was speaking at the Police Staff College, Jos, after the pulling-out ceremony of the Assistant Inspector General of Police, AIG, Joseph Mbu. He said that it was a huge waste of resources and valuable policing experience to just ask Deputy Inspectors General of Police, DIGs, and Assistant Inspectors General, AIGs, to go at once.

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