Sabinews Morning News Update for May 29, 2015
3 Bomb Makers Nabbed in Gombe
The military yesterday disclosed that the cordon and search operation conducted by troops in Gombe has led to the arrest of three bomb-making experts.
The arrested persons are suspected to be members of the terrorist Boko Haram group in search of soft targets for attack after being dislodged from their strongholds in Sambisa Forest and other enclaves. Read more
Court Strikes out Suit against DStv
A Federal High Court in Lagos yesterday struck out a suit filed by some aggrieved subscribers challenging the recent 20 per cent increment on subscription rate of the Digital Satellite Television (DStv), operated by MultiChoice Nigeria Limited.
The aggrieved subscribers, Osasuyi Adebayo and Oluyinka Oyeniji, who are also lawyers, had filed the class action on behalf of themselves and all other DStv subscribers across the country. Read more
Iriase withdraws from Speakership race, backs Gbajabiamila
The race for helmsman of the House of Representatives is revving up, as one of the leading candidates, Pally Iriase, yesterday withdrew for Minority Leader, Femi Gbajabiamila.
Mr. Iriase, ex-Speaker of Edo State House of Assembly and an accountant, announced his decision at a press briefing in Abuja. Read more
Adesina is AfDB president
Nigeria’s Akinwumi Adesina yesterday became the eighth President of the Africa Development Bank (AfDB) after winning in a tight race.
Cape Verde’s Cristina Duarte, the first woman to seek the post, Chad’s Finance Minister Kordje Bedoumra and Adesina, were the only remaining candidates in the race after shareholders dropped five candidates in quick succession. Read more
Inauguration: Military calls for vigilance
All is set for today’s inauguration of President-elect Muhammadu Buhari, with over 10,000 soldiers, policemen, security agents and members of the Nigerian Security and Civil Defence Corps deployed in and around Abuja.
Also, ahead of the big ceremony, the Defence Headquarters (DHQ) has asked Nigerians to be vigilant and report suspicious movements. Read more
Obiano pledges increased support for farmers
Governor Willie Obiano of Anambra State yesterday inaugurated the 2015 Farming Season in the state, promising to intensify support for farmers to ensure bountiful harvest.
Obiano, who declared the Farming Season open at Otuocha in the Anambra East Local Council Area, said his vision for agriculture would make the state self-sufficient in food. Read more
IG Salutes Nigerians
The Inspector-General of Police (IG), Solomon E. Arase, has on behalf of the entire officers and men of the Nigeria Police Force, heartily felicitated with the government and people of Nigeria, as the nation marks its 16th year of unbroken democracy on May 29, 2015. While saluting the courage and gallantry of officers and men of the Force in protecting the nation’s thriving democracy, the IG charged police personnel to continue to subordinate themselves to civil authority and give maximum respect to the fundamental rights of the citizenry. Read more
Re-OLX Nanny: Matters Pending
Weeks have passed since the tragicomedy of the OLX nanny, wherein a Lagos couple with four children obtained the services of a caregiver for their toddlers via an internet retail platform. The Orekoyas, as they are known, are the typical Lagos based couple who have to work all day to make ends meet in the tough Nigerian economy. “According to Mr. Leke Orekoya, father of the children (Demola; Adedamola and Aderomola), getting a nanny off a foreign owned online retail platform is not as big a deal as people are making it out to be. Read more
Police, PDP Secretariat Staff Batter Protesters over N360m Debt
A state of confusion reigned at the national secretariat of the Peoples Democratic Party (PDP) in Abuja on Thursday when the police officers attached to the secretariat and some of their staffs manhandled protesters demanding an unpaid debt estimated at N360 million.
The mayhem started in the early hours of yesterday when the angry police officers led by one Sergeant Reuben Onu and some PDP staff, physically assaulted workers of Twinkles World Limited. Read more
Ambode Inherits N418.2 Billion Debt Burden
The immediate past Lagos State Governor, Mr. Babatunde Fashola, formally bowed out of office on Thursday, leaving behind a huge debt burden of N418.2 billion for his successor, Mr. Akinwunmi Ambode.
However, Fashola pledged to support Ambode’s administration and give assistance in any assignment he might be asked “to undertake in order to defend the course of Lagos State and protect the interests of its over 21 million residents.” Read more
NBA suspends Rivers Attorney-General
Nigeria Bar Association, NBA, has suspended the Attorney- General of Rivers State and Commissioner for Justice, Mr. Wogu Boms.
Spokesman of Port Harcourt branch of the NBA, Angus Chukwuka, announced the suspension after a meeting of the association in Port Harcourt on Thursday. Read more
Dangote Foundation commits N906m to Ebola fight
The Dangote Foundation has again offered to settle the cost of quarantining Nigeria’s returnee health volunteers from the Ebola ravaged West African countries.
The health workers arrived in the country after spending six months to tackle the dreaded Ebola Virus Disease (EVD) in Liberia, Sierra Leone and Guinea. Read more
CJN slams judges for accepting donations at book launch
The Chief Justice of Nigeria (CJN), Justice Mahmud Mohammed, has frowned at the practice where serving judges organise events, including public presentation of books written in their honour, where donations are solicited.
The CJN said though the Code of Conduct for judicial officers (judges) did not expressly prohibit this sort of extra-judicial conduct, “it is certainly inappropriate and portrays the Nigerian judiciary in a bad light and should therefore be avoided”. Read more
INEC workers contribute to redeeming our image, says Jega
Chairman of the Independent National Electoral Commission (INEC) Prof. Attahiru Jega has attributed the success of the 2015 general elections to the contributions of his members of staff.
Jega, who spoke in Abuja, said the workers contributed immensely in salvaging the image of the commission. Read more
NDLEA pulls out from Kashamu’s Residence
After a six-day siege at the Lekki Phase 1 residence of Senator-elect, Buruji Kashamu, the personnel of the National Drug Law Enforcement Agency, (NDLEA), on Thursday night pulled out completely.
Their withdrawal came a day after the agency had flouted a court directive ordering them to vacate Kashamu’s residence. Read more
Ex-Biafran soldiers cry over unpaid rehabilitation money
As President Goodluck Jonathan takes his exit today, Biafran war veterans have appealed to the in-coming administration of Muhammadu Buhari to intervene and facilitate the release and payment of over N1billion 2011 budgetary allocation said to have been approved and made available by the Federal Government for reintegration and rehabilitation of pardoned ex-Biafran soldiers. Read more
‘N325bn New Deep Seaport in Lagos Ready in 2019′
The promoters of the multi-billion naira new deep seaport situated in Lekki, Lagos have said the project will be ready in 2019.
The assurance of the promoters is coming on the heels of the commencement of construction works at the project site. The promoters, Lekki Port Lagos Free Trade Zone Enterprise (LFTZ), who disclosed this in Lagos said the N325 billion project would generate employment and other benefits into the economy. Read more
French Ambassador Optimistic About Future of Aviation Business
The French Ambassador to Nigeria, Mr. Denys Gauer has expressed optimism about the growth of business aviation in Nigeria, pointing out that democracy encourages foreign investment and the private sector develops trust in the economy due to friendly government policies.
Gauer who met with the CEO of Toucan Aviation Achuzie Ezenagu expressed hope that more French companies would continue to invest in Nigeria as France and Nigeria deepen their economic relationship. Read more
RenCap Predicts Further Naira Devaluation
Analysts at Renaissance Capital Limited (RenCap) have predicted a further devaluation of naira in order to reflect what they described as the $4.5 billion fall in Nigeria’s forex reserves.
They also ruled out the likelihood of easing monetary policy this year. Read more
No apologies over N159bn subsidy claim, says Okonjo-Iweala
Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday said she has no apologies for not paying N159 billion subsidy claim for foreign exchange differentials out of the total bill of N200 billion presented by the marketers.
In a reaction to the Edo State Governor, Adams Oshiomhole’s article: “Economy: Okonjo-Iweala’s Hidden Figures”, Special Adviser to the CME, Mr. Paul Nwabuikwu, said that 80 per cent of the subsidy claim is made up of forex differentials and not the value of the amount of fuel supplied. Read more
FBN Advises Students on Savings, Investment Culture
In line with the Central Bank of Nigeria (CBN’s) financial inclusion strategy, First Bank of Nigeria (FBN) Limited has urged students to inculcate the culture and habit of savings and investment to guarantee their economically sound future.
Addressing students of the Model Secondary School, Maitama, Group Head, Abuja and North Directorate, FBN, Mr. Muntari Zubairu said having financial literacy knowledge at an early stage in life would not only be profit the youths but also provides an indispensable asset for the economy in general. Read more
Currency-In-Circulation Dropped to N1.692tr in April – CBN
The nation’s apex bank, the Central Bank of Nigeria (CBN), on Thursday released figures for currency-in-circulation for the month of April. The figure shows that the total money outside of the nation’s banking industry stood at N1.692 trillion.
An analysis of the April figure shows that it went by N116.315 billion or 6.4 percent, when compared with the N1.808 trillion recorded at the end of the preceding month of March. Read more
The real dangers of EPA to ECOWAS — Ukaoha
EPA is a trade and development agreements negotiated between the European Union (EU) and African, Caribbean and Pacific (ACP) nations and they are aimed at promoting trade, integration and development between the two groups. Ukaoha explained that under the scheme, developing countries are encouraged to enter into the agreement in regional groupings, rather than individual nations. Read more
O3 Capital, Game Stores boost cashless policy via credit card
As part of their support for the Central Bank of Nigeria, CBN’s Cashless initiative, O3 Capital Nigeria Limited and Game Stores have partnered to introduce the first consumer credit card in Nigeria. Mr. Abimbola Pinheiro, CEO, O3 Capital Nigeria Limited sated during the launch of Game Credit that the card is the first white label credit card in Nigeria that can be used only in Game Stores across Nigeria.
According to him “The card will give customers the freedom to buy now and pay later for any items purchased in Game Stores. The Game Stores in Nigeria are located in Lagos, Enugu, and Kano. This credit facility works on revolving credit bases with a 15 day interest free period and low minimum monthly repayments of 10 per cent in a month. Read more
Agric Bank rolls out Green Cash Card
To make life more meaningful, enable access to its facilities by clients and rural farmers, the Bank of Agriculture(BOA) has introduced a Green Cash Card that will give farmers wherever they are access to its facilities.
Disclosing this to The Nation in an exclusive chat at the bank’s corporate headquarters in Kaduna, the Executive Director, Wholesale Finance, Alhaji Ahmadu Haruna Waziri, said the Green Cash will key into the cashless policy whereby any of the bank’s clients can transact businesses with minimal cash flow. Read more
Oil and Gas
Oil edges up after US report
Oil prices edged higher on Friday following a mixed US petroleum report that showed a healthy decline in crude and gasoline reserves but a rise in oil production that could aggravate the global supply glut.
The US benchmark, West Texas Intermediate (WTI) for July, rose 66 cents to $58.34 and Brent crude for July gained 48 cents to $63.06 in late-morning trade. Read more
PENGASSAN Urges Buhari to Deepen Training, Research For Oil Workers
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Muhammadu Buhari to aggressively support the workers in the oil and gas industry to deepen training, research and development in all aspects of petroleum operations and technology to enhance the acquisition of skillset/expertise and foster competitiveness. Read more
Court Stops NERC from Increasing Electricity Tariff
A Federal High Court in Lagos on Thursday restrained the Nigerian Electricity Regulatory Commission (NERC) from implementing the new electricity tariff billed to be effective from June 1.
Trial judge, Justice Mohammed Idris, in a ruling on an ex-parte application filed by a Lagos lawyer, Toluwani Adebiyi, restrained the NERC and the electricity distribution companies from effecting any increment in elctricity tariff pending the hearing and determination of the suit. Read more
Blatter Faces Vote Amid FIFA Corruption Scandal
FIFA president Sepp Blatter will today stand for re-election amid the worst crisis to hit world football’s governing body in its history.
Mr Blatter has rejected calls to quit after allegations of “rampant, systemic and deep-rooted corruption” engulfed the organisation. Read more
‘Nigeria now capable of hoisting WCup’
Former Super Eagles striker Patrick Pascal is optimistic that the Flying Eagles can break the jinx and win the Fifa Under-20 World Cup for the first time when hostilities begin in New Zealand on May 29.
Pascal, who is the co-ordinator of the Super Eagles told supersport.com that the present class of 2015 have all it takes to go all the way and win the trophy for the first time at U20 level. Read more
F’ Eagles Not Under Pressure, Says NFF
Following the widespread belief that the Flying Eagles will win the elusive FIFA U-20 World Cup in New Zealand, General Secretary of the Nigeria Football Federation, Sanusi Mohammed, has said that the team was not under pressure to win the trophy.
Flying Eagles will commence its campaign in the tournament against five-time champions, Brazil, in New Plymouth on June 1. Read more
Pinnick Leads NFF Delegation to FIFA Congress
Nigeria Football Federation (NFF) President, Amaju Pinnick, is leading the Nigeria delegation at the 65th FIFA Congress, which began yesterday at the Home of FIFA, Zurich, Switzerland.
The elective Congress will see incumbent FIFA boss Sepp Blatter challenged by the President of the Jordanian football body, Prince Ali bin al-Hussein, in today’s presidential election, following the withdrawal of Dutchman van Praag and former international star Luis Figo, who had both earlier indicated interest and campaigned for the seat. Read more
World Cup Excites Umotong, Dike
Super Falcons duo of Iniabasi Umotong and Courtney Dike have expressed happiness over being selected by Nigeria for next month’s FIFA Women’s World Cup in Canada.
Dike represented Nigeria at the FIFA U-20 Women’s World Cup held in Canada last year but both players say playing at the senior competition is the biggest thing in any player’s career. Read more
Moses Remains Hughes’ Transfer Target
Super Eagles striker Victor Moses, who was on loan from English Premier League champions, Chelsea FC, to Stoke City, is still a transfer target for manager Mark Hughes.
Victor Moses, who was at the 2014 FIFA World Cup with the Super Eagles, struggled to impress at Liverpool during his loan move to Anfield two seasons back but the former Wigan winger impressed during his loan move to the Britannia last term and Mark Hughes is considering signing him permanently. Read more
Ghana, Nigeria lead African challenge at Under-20 World Cup
While Africa’s senior teams have struggled to make an impact at the World Cup, the juniors have had considerable success.
Ghana heads to the under-20 World Cup in New Zealand as a former winner and two-time runner-up.Nigeria, the under-17 World Cup champion, is relying on its young stars from two years ago to prove their worth at the next level. Read more
StarTimes Secures Rights to Multiple FIFA World Cup Games
StarTimes has secured exclusive rights to screen various pulsating FIFA World Cup football games to excite its Nigerian subscribers and offer them fantastic sports actions and entertainment.
StarTimes said the exclusive rights would enable it thrill its sport loving subscribers with new sport channels and exclusive live sporting action on its digital TV platform. Read more
Load shedding breather for SA power users
Eskom said on Friday there was currently no planned load shedding as it had enough generating capacity to meet the demand.
This follows the first full day without load shedding in a month after Eskom resumed power cuts on April 29, breaking a five-day streak of no load shedding. Read more
Jennifer Lopez Excited about Bringing Her Show to Morocco
Jennifer Lopez says she’s excited about kicking off Morocco’s Mawazine music festival, while insisting she’s still just the girl from the Bronx.
Morocco hosts the 14th edition of its massive 10-day long music festival starting Friday, this year featuring international stars like Pharrell Williams, Sting, Maroon 5, Usher and Akon, as well as dozens of Arab and African acts. Read more
1,200 workers have died in Qatar building World Cup 2022 infrastructures
In December 2010, FIFA awarded the 2022 World Cup to Qatar, a tiny, oil-rich Gulf state with little existing World Cup infrastructure and a dangerously hot climate, for both players and the thousands of migrant workers that have been needed to built the World Cup edifices.
As a result, a humanitarian crisis has unfolded. According to a March 2014 report from the International Trade Union Confederation, 1,200 World Cup workers from Nepal and India have died in Qatar since 2010. The ITCU estimates that 4,000 workers could die before the 2022 World Cup kicks off. Read more
Small Japanese Island Evacuated as Volcano Violently Erupts
Japanese authorities ordered all of the estimated 137 people on a small island to evacuate after a volcano erupted Friday morning in a towering plume of thick, black smoke almost six miles high and a shower of fiercely hot rock and toxic gases.
Japan’s main government spokesman, Chief Cabinet Secretary Yoshihide Suga, told reporters that all 137 people believed to be on the southern island of Kuchinoerabu were confirmed safe. Prime Minister Shinzo Abe set up a task force to coordinate operations. Read more
Crunch time on EU as Cameron meets Merkel for referendum talks
David Cameron is holding talks with the German Chancellor Angela Merkel in Berlin today – someone he needs to win over if he is to have any chance of pushing his EU reform plans through.
He is also due to meet the Polish Prime Minister today, as he wraps up his bid to renegotiate the terms of the UK’s membership of the European Union with key leaders. Read more
United States calls for urgent action on south-east Asian migrant crisis
The US has said that the world needs to act on the migrant crisis enveloping south-east Asia.
Thousand of migrants are thought to be adrift, despite around 2,000 landing in the Indonesia and Malaysia. Thailand has turned several boats away. Read more
Malaysia calls Indonesia, Thai and Myanmar leaders for summit on migrants
Malaysia has invited the leaders of Indonesia, Thailand and Myanmar for an emergency summit on the “boat people” crisis in Southeast Asia, a Malaysian foreign ministry said on Friday.
“Malaysia is prepared to host,” said the official, who did not want to be identified. Asked when the summit was likely to be held, the official said: “It will take time to put together, and we don’t know yet.” Read more
New York socialite Gigi Jordan gets 18-year sentence for poisoning autistic son
A wealthy New York socialite was sentenced to 18 years in prison on Thursday after being convicted of killing her young autistic son at a luxury Manhattan hotel in 2010.
Gigi Jordan, 54, was convicted of first-degree manslaughter in November after admitting that she administered an overdose of prescription pills to eight-year-old Jude Mirra at the posh Peninsula hotel on Fifth avenue, using a crusher and syringe. Read more
China stocks extend fall, investors jittery after big tumble
Chinese stocks fell again Friday as investors remained jittery a day after a sharp sell-off. Other major Asian benchmarks climbed.
The Shanghai Composite Index in mainland China declined 0.4 percent to 4,600.73 as it swung between gains and losses a day after tumbling 6.5 percent. Japan’s Nikkei 225 edged up 0.3 percent to 20,605.68 and South Korea’s Kospi added 0.3 percent to 2,116.96. Hong Kong’s Hang Seng gained 0.1 percent to 27,494.11 and Australia’s S&P/ASX 200 rose 1.2 percent to 5,780.40. Read more
Sudan ratifies UN convention on cultural expression
South Sudanese lawmakers on Wednesday ratified the United Nations Convention on Protection and Promotion of Cultural Expression, 2005, months after its introduction in parliament.
The move came shortly after the chairperson of parliament’s specialised committee for information, telecommunication and culture, Thomas Wani kundu presented his report to the assembly. Read more
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