Sabinews Morning News Update for August 25, 2015
Ambode wants illegal aliens repatriated
The Lagos State Governor, Akinwunmi Ambode, has asked the Federal Government to repatriate 199 illegal Togolese immigrants presently camped at the Lagos Emergency Resettlement Centres in Igando and Agbowa areas of the state.
The Secretary to the Lagos State Government, Mr. Tunji Bello, in a statement on Monday, said the state could no longer continue to accommodate the illegal immigrants due to limited facilities at the resettlement centres. Read more
No going back on Biafra –MASSOB
Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) has said de- spite the attacks targeted at their members and the activities of some splinter groups, there is still no going back on its struggle for an independent Biafran State.
MASSOB Zonal Director of Information, Anambra North, Charles Igbokwe, in a statement made available to Daily Sun yesterday in Onitsha, reminded saboteurs that no country, ethnic nationality, state, family or individual which sabotaged Biafra from 1967 to date that had not drawn divine wrath and punishment to their land or “Let us not be enemy of freedom. Read more
Ban Ki-Moon demands release of Chibok girls
The United Nations Secretary-General, Mr. Ban Ki-Moon, on Monday called for the unconditional release of the abducted pupils of Government Secondary School, Chibok, Borno State.
The over 200 girls were abducted by Boko Haram insurgents on April 14, 2013. They were seized from the hostel at night and had not been set free since then notwithstanding the global outrage the incident had provoked. Read more
EFCC dares Senate over alleged diversion of N1trn
Economic and Financial Crimes Commission, EFCC, has reacted to the allegation of diversion of N1trn, saying it was ready to subject its activities to any scrutiny.
A statement by the commission’s spokesman, Mr. Wilson Uwujaren, said the allegation was a smear campaign aimed at tarnishing the good image of Mr. Ibrahim Larmode. It would be recalled that a national newspaper had on Monday reported the impending probe of the commission’s boss by the Senate. Read more
Suspended NIS boss, Plateau gov beg Buhari
The Plateau State Governor, Mr. Simon Lanlong, on Monday led the suspended Comptroller-General of the Nigerian Immigration Service, David Parradang, to the Presidential Villa, Abuja, with the aim of begging President Muhammadu Buhari.
Parradang, who hails from Plateau State, was on Friday suspended from office for embarking on illegal recruitment exercise for the service. Read more
UN hails Dangote’s philanthropic works in Nigeria
Impressed with the philanthropic activities of the Dangote Foundation to improve human condition in Africa and the rest of the world, United Nations Secretary General, Mr Ban Ki Moon, yesterday in Abuja commended the Chairman of the Foundation, Aliko Dangote, urging him not to re- lent as posterity will be kind to him over his efforts.
Ki Moon who is on a two-day working visit to Nigeria described the philanthropic activities of the Foundation as a ‘dedication to humanity’ that is commendable. Read more
Shake-up Looms In FIRS As Fowler Resumes Today
Purge and enhancement at the top echelons of the Federal Inland Revenue Service (FIRS) seem imminent as the new chairman of the tax agency, Dr Tunde Fowler, resumes work today.
LEADERSHIP reliable gathered that the nation’s chief tax officer, who formally tendered his letter of resignation to the Lagos State governor, Mr Akinwunmi Ambode, yesterday, is billed to take up his new job in Abuja that will see to the re-engineering of the entire taxation process in the country. Read more
Ikorodu robbery suspects sue IGP, others
The four suspects paraded in connection with the recent bank robbery in Ikorodu, Lagos State, have dragged the Inspector General of Police before a Federal High Court sitting in Lagos, saying that their alleged confessional statements given out to journalists, was extracted from them behind their lawyer.
The four suspects had reportedly confessed to playing different roles in the robbery while three Sport Utility Vehicles allegedly bought from the proceeds of the robbery were recovered from them. Read more
Navy Chief: More Than 50% of Naval Ships are Down
Given its constitutional role of protecting Nigeria’s territorial waters, the Nigerian Navy (NN) authority monday said more than 50 per cent of the ships needed to achieve this are down.
The Chief of Naval Staff (CNS), Vice Admiral Ibok-Ette Ibas, said this yesterday while urging officers and ratings to join the fight against oil theft on the nation’s waterways. Read more
Commission of Inquiry: Amaechi Diverted N3bn Agric Loan
The judicial commission of inquiry set up by Rivers State Governor, Nyesom Wike, to probe the sale of valued assets of the state and select projects under former Governor Chibuike Amaechi, monday commenced public sitting in Port Harcourt with a revelation that the last administration diverted about N3 billion Central Bank of Nigeria (CBN) agriculture loan to fund elections.
The Chairman of the commission, Justice George Omereji, at the inaugural sitting, said the commission would be fair to all and allayed fears that it was on a witch-hunt. Read more
DSS Charges Dasuki To Court, Judge’s Absence Stalls Trial
The Department of State Services (DSS) yesterday filed charges of alleged firearms possession against former national security adviser (NSA) to former President Goodluck Jonathan, Col. Mohammed Sambo Dasuki (retd) before a federal high court.
In a statement signed by a DSS official, Tony Opuiyo, he said Dasuki was charged to court based on evidence so far obtained, but which relates to possession of firearms without licence, punishable under section 27(i)(a)(i) of the Firearms Act Cap F28 LFN 2004. Read more
FG Inaugurates C’ttee on National Carrier
Following President Muhammadu Buhari’s directive that the Ministry of Aviation should commence work on the establishment of a national carrier, the Permanent Secretary in the ministry, Binta Bello, monday inaugurated the committee on the establishment of the country’s flag carrier.
Speaking at the inauguration in Abuja, Bello charged members of the committees to pursue the assignment with all seriousness because of its national importance. Read more
Army Recalls 2,700 Dismissed Soldiers and Officers after Buhari’s Intervention
Investigations have revealed how President Muhammadu Buhari sanctioned the recall of officers and soldiers who were said to be “unjustly disciplined and dismissed” through various general court martials set up by the immediate past Chief of Army Staff (COAS), Lt-Gen. Kenneth Minimah (rtd).
Through the process, an estimated 2,700 soldiers and officers of the Nigerian Army have been recalled. Read more
INEC to Conduct Voter Registration in Kogi, Bayelsa on September 2 and 7
The Independent National Electoral Commission (INEC) has said it will commence Continuous Voter Registration in Kogi and Bayelsa States on September 2 through September 7, ahead of the governorship elections in both states.
According to the commission’s daily bulletin issued and obtained by the News Agency of Nigeria (NAN) monday in Abuja, the exercise will take place at the local government areas in the states from 8a.m. to 4p.m. daily. Read more
Nigerian equities lose N228b as China crisis goes global
Global stock markets yesterday took a major plunge after China suffered its worst trading session in eight years.
An unprecedented collapse in Chinese shares sent tremors through financial markets, triggering the ugliest day of global trading since the depths of the financial crisis eight years ago. Read more
CBN partners MFB on SMEs devt
In its drive to assist small businesses, particularly in the Federal Capital Territory (FCT), the Central Bank of Nigeria (CBN) has entered into a partnership with an Abuja based Micro-finance Bank (MFB), Visa Micro- finance Bank Ltd to further improve access to finance.
This is as the apex bank has approved the MFB’s request for funds under the MSMEDF facility to assist small and medium enterprises in the territory. Address- ing newsmen in Abuja, the bank’s Managing Director and Chief Executive Officer (CEO), Ossy Nebolisa, gave kudos to the CBN for making the funds available to participating MFBs. Read more
Nigeria, Ghana Others Lose $10bn Annually to Multinational Tax Incentives
The Country Director, ActionAid Nigeria, Ms. Ojobo Atuluku, monday said Nigeria, Ghana, Cote d’Ivoire and Senegal lost more than $9.6 billion to multinational companies, annually as tax incentives and other forms of tax waivers.
She made the disclosure at the launch of West Africa Tax Incentives Study Report, unveiled by ActionAid Nigeria, in Abuja. Read more
Oil and Gas
NNPC, AP, Sahara Oil, others flout FG regulations
Some filling stations including NNPC, Mobil, Forte Oil, SO, and a host of others were among the 87 outlets sanctioned by the Department of Petroleum Resources, DPR, for various infractions, including selling above regulated prices for petrol and kerosene, and under-dispensing.
Products from these stations will be traced to the depots and would be made to pay about N100, 000 each into the Federal Government coffers for these infractions before they can re-open for business. Furthermore, if any of them is caught more than once, it will remain closed for at least 90 days before it can resume operations again. Read more
PPMC Slashes Cost of Demurrage on Imported Fuel Cargos
The Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) successfully reduced the high cost of demurrage on imported fuel vessels from $135.94 million in 2010 to $73.25 million in 2014, representing a decrease of 45 per cent.
In a status report made available to THISDAY, the company noted that as at 2010, product import was plagued with high demurrage cost. Read more
As Oil Firms Groan under Low Crude Prices…
The unprecedented shock in the global crude oil market has no doubt forced the producers to scale down on investments and right-size their workforce in the face of weak balance sheets .
Brent, which was sold for $115 per barrel in June 2014, later dropped to an all-time low of $45.19 in January this year and $46.41 last week. Read more
Mobil Oil Chairman Blames Fuel Tanker Explosions on Price Regulation
The Chairman and Managing Director of Mobil Oil Nigeria Plc, Mr. Tunji Oyebanji has attributed the increasing spate of fuel tanker explosions across the country with the attendant fire outbreak to the inability of oil marketing companies to make new investment as a result of the regulation of prices petroleum products by the government.
Speaking in Lagos at the recent 2015 conference of the National Association of Energy Correspondents (NAEC), Oyebanji stated that the inability of the marketers to make reasonable margins from their business has hindered their capacity to invest in new trucks for lifting petroleum products. Read more
Marketers Shun PPPRA, Sell Kerosene above Market Price
Major and independent marketers of petroleum products at the weekend experienced acute scarcity of Dual Purpose kerosene (DPK), thus encouraging high level of profiteering among the marketers, THISDAY has learnt.
Investigation revealed that the few depot owners with stock of product were selling not only above the government’s official price but also above the expected open market price quoted by the Petroleum Products Pricing Regulatory Agency (PPPRA), THISDAY has learnt. Read more
Gas contract: Presidency wades into Agip, Arco dispute
The Presidency may have waded into the impasse between the Nigerian unit of Italian oil giant, Nigerian Agip Oil Company, NAOC, and indigenous oil service company, Arco Petrochemical Engineering Company Plc, with a view to resolving the crisis, which is now before a Port Harcourt Federal High Court.
Although there are no official confirmations from both parties, but Vanguard reliably gathered that the Presidency’s intervention is at the instance of Agip. Read more
Why Commercial Banks Shun Funding Domestic LPG Market
A communiqué at the end of the recent 2015 Commercial Week of the Nigerian Liquefied Natural Gas (NLNG) has revealed some of the reasons why the commercial banks in Nigeria are reluctant to lend funds to the domestic Liquefied Petroleum Gas (LPG) market.
From a summary of discussions at the meeting, which was contained in the communiqué made available to THISDAY by NLNG in Abuja, the structure of Nigeria’s financial system might have contributed in no small measure to the imbalance in assessment of risks and opportunities by LPG operators and financial institutions. Read more
Senate lauds NERC’s pro-people stand on electricity charges
The Senate today (Monday) commended the Nigerian Electricity Regulatory Commission (NERC) for be- ing responsive to the yearnings and aspiration of the people.
Chairman, Senate Adhoc Committee on Media and Publicity, Senator Dino Melaye, in a statement in Abuja stated that NERC’s intervention and directive to electricity distribution companies (Discos) to restructure fixed charges, discontinue estimated billing and bulk metering of consumers shows that the commission could be relied upon to save electricity consumers from the excesses of the service providers. Read more
NERC Bars Discos from Connecting New Customers without Meters
The Nigerian Electricity Regulatory Commission (NERC) has placed an embargo on connection of new electricity consumers without adequate metering facilities by Distribution Companies (Discos).
NERC said it opted to restrict the Discos to encourage adequate and prompt deployment of prepaid meters in their network. Read more
Enyimba labour back to the top, beat Taraba 1-0
It was a tough battle in Aba and championship title contenders, Enyimba FC fought hard to pip FC Taraba 1-0 and reclaim the top spot on the Glo Premier league table on Monday.
The top versus bottom fixture was originally billed for Sunday but was postponed to Monday due to heavy rains, and accorded Sunshine Stars of Akure the opportunity to assume top spot after their victory against El-kanemi. Read more
Oliseh: Don’t expect new Eagles overnight
New Super Eagles gaffer, Sunday Ogochukwu Oliseh has confessed that it would take him sometime to build a new Super Eagles that would make Nigerian soccer fans happy.
Oliseh in a chat with Daily Sunsports pointed out that he is building a new team from the scratch ahead of the September 5 AFCON 2017 qualifier against Tanzania. Read more
AfroBasket 2015: D’ Tigers battle Mozambique for Rio 2016 ticket
Nigeria’s D’ Tigers enter the knockout stage of the AfroBasket 2015 against Mozambique in a winner takes all game where the winner moves into the quarter-finals.
The Nigerian side with America’s Will Voigt at the head of the technical crew will have to take all her possession and turn them into goals against the Southern African nation that also have a rich basketball history. Read more
Burkina Faso says unidentified gunmen attack police post
Unidentified gunmen attacked a police post in northern Burkina Faso, a police statement said on Monday, underscoring the dangers of growing violence in Mali for neighbouring countries.
The statement said that two police officers were injured in the attack, one of them seriously. The incident took place late on Sunday in the province of Oudalan close to the Malian border. Read more
Ghana to lose US$100m stashed in escrow account – ACEP
The Africa Centre for Energy Policy, ACEP, is worried Ghana could lose an amount of 100 million dollars which has been stashed in an escrow account by the GNPC as guarantee to facilitate the provision of emergency power by Turkish company, KAR-POWER.
This according to ACEP is because the ECG, which the GNPC is standing surety for, has a track record of defaulting in payments. Read more
Ghana Nuts establishes refinery in Tema
Ghana Nuts Limited (GNL), an agro-processing company at Techiman in the Brong Ahafo Region, has established a subsidiary automated plant in Tema to further enhance its export trading activities.
The 3,000metric tonne facility, which is due for commissioning, has been engineered to refine soya-bean and shea crude for exporting to cosmetics companies in countries like Germany, France, the Netherlands and Cote d’Ivoire. Read more
Sudan reiterates keenness to mend ties with Sudan
Sudanese President Omar al-Bashir on Monday received a written message from his South Sudanese counterpart Salva Kiir Mayardit dealing with the realization of peace in the South Sudan and the bilateral ties.
The message was delivered to al-Bashir by South Sudan’s Presidential Adviser Tot Galwak who arrived in Khartoum on Monday. Read more
Peru bows out of 2016 Dakar Rally due to ‘El Nino’
Peru Monday announced it is withdrawing as host of the 2016 Dakar Rally “due to concerns about the El Nino weather phenomenon,” state news agency Andina reported.
Peru’s Ministry of Foreign Trade and Tourism issued a statement saying the government was cancelling its participation in both the 2015 Desafio Inca (or Dakar Challenge), scheduled for September, and next year’s rally. Read more
Sierra Leone’s last known Ebola patient discharged from hospital
Health authorities in Sierra Leone released the country’s last known Ebola patient from a hospital on Monday, a milestone that allows the nation to begin a 42-day countdown to being declared free of the virus that has killed nearly 4,000 people here.
President Ernest Bai Koroma presented a certificate of discharge to Adama Sankoh, 40, who contracted Ebola after her son died from the disease late last month. Read more
Venezuela steps up deportation of Colombians
Venezuela has ramped up a deportation programme for Colombians – in some cases separating children from their parents, Colombia’s migration office has said.
President Nicolas Maduro closed two official border crossings between the two countries last week, following a shootout between an armed smuggling gang and troops which left three soldiers wounded. Read more
Motor racing-IndyCar driver Wilson dies after wreck
British IndyCar driver Justin Wilson died on Monday after suffering a severe head injury during a wreck in the closing laps of a race the previous day at Pocono Raceway in Pennsylvania, IndyCar officials said. He was 37.
Wilson, a former Formula One driver and seven-time winner in IndyCar racing, had been in critical condition in a coma at a hospital in Allentown, Pennsylvania, before his death. Read more
Police drop terror charge against Australian teenager
Australian police on Tuesday dropped a terrorism related charge against a teenage boy who was accused of planning an Islamic State inspired attack at a national remembrance day parade.
Australian Federal Police formally withdrew the charge against 18-year-old Harun Causevic of conspiring to commit an act of terror and released him on bail. Read more
Stocks in China Continue to Dive; Global Markets Elsewhere Stabilize
After a three-day rout that erased nearly $3 trillion in value from stocks globally, markets on Tuesday showed signs that selling pressures were easing.
Volatility continued to dominate early trading in Asia, but many regional markets swung from losses to gains for the first time in days. Stocks in Japan opened sharply lower but had recovered by late morning, while shares in Australia, Hong Kong, Singapore and South Korea were staging a modest rally. Read more