* Buhari arrives New York ahead of UNGA73 * ‘Revocation of Skye Bank’s licence’ll erode investor confidence’

* Buhari arrives New York ahead of UNGA73              * ‘Revocation of Skye Bank’s licence’ll erode investor confidence’

SABINEWS MIDDAY NEWS UPDATE SEPTEMBER 24, 2018

 

Buhari arrives New York ahead of UNGA73

President Muhammadu Buhari has arrived New York ahead of the 73rd Session of United Nations General Assembly (UNGA73) which officially opened on Sept. 18. The News Agency of Nigeria (NAN) reports that the president accompanied by his wife, Aisha, departed the presidential wing of the Nnamdi Azikiwe International Airport Abuja on Sunday morning and had arrived New York on Monday (Nigerian time) morning. The theme for this year’s Session is: “Making the United Nations relevant to all People: Global Leadership and Shared Responsibilities for Peaceful, Equitable and Sustainable Societies.”

‘Revocation of Skye Bank’s licence’ll erode investor confidence’

Financial and investment experts have warned that the revocation of banking licence of Skye Bank Plc by the Central Bank of Nigeria (CBN), could further erode the confidence of investors in the nations capital market. Their observation came after the CBN on Friday revoked the operating licence of the bank, saying the decision was premised on the inability of the owners of the bank to shore up its capital after it received a N350 billion intervention in July 2016. Disclosing the announcement at a press briefing in Lagos, Governor, CBN, Godwin Emefiele, said a bridge bank known as Polaris Bank had been created to assume the assets and liabilities of the defunct bank.

Nigerian traders storm ECOWAS, protest alleged closure of businesses in Ghana

The National Association of Nigerian Traders on Monday stormed the ECOWAS secretariat located in Abuja to protest the alleged closure of shops belonging to Nigerians in Ghana. The protest which began at 9:30am partially paralysed activities at the ECOWAS Secretariat. The protesters marched through the streets of Yakubu Gowon way in Asokoro, a development that led to traffic gridlock along the Asokoro axis. The protesters carried placards with various inscriptions such as “We need ECOWAS intervention,” “Ghana re-open Nigeria’s shops now,” “ECOWAS, the situation in Ghana is totally unacceptable,” “Ghana wants AFCTA secretariat but clamps on African traders,” among others.

Declare Adeleke Osun poll winner, PDP tells INEC

The People’s Democratic Party (PDP) yesterday asked the Independent National Electoral Commission (INEC) to declare its Osun standard-bearer Senator Ademola Adeleke as the winner of last Saturday’s governorship election in the state. At a press conference, the party insisted the process was conclusive, saying its candidate met the requirements of the 1999 Constitution (as amended). The National Publicity Secretary Kola Ologbondiyan, who addressed the press, said Section 179 (2) (a)(b) of the 1999 Constitution, (as amended), is clear in spelling out the conditions for returning a candidate to the office of governor of a state.

Prepare for another global recession – Jimoh Ibrahim alerts FG

Business mogul, Jimoh Ibrahim, has cautioned the Federal Government to put adequate measures in place to cushion the effects of world economic recession expected before December this year. Ibrahim revealed that balance sheet of the leading economy in the world, America,  “is having a deficit of about a trillion dollars in import while China is coming to Africa with money for investment.

Ndume renews call for power rotation in Borno

Former Senate Leader, Ali Ndume, has renewed his call for Borno South Senatorial District to be allowed to produce the next governor of the state. Ndume made the call when he appeared as a guest on the News Agency of Nigeria (NAN) Forum in Abuja on Sunday. The lawmaker, who represents Borno South in the Senate, noted that in the interest of fairness, equity and natural justice, it was proper for someone from his constituency to be allowed to serve the state as governor. “It is feasible if there is an agreement, and that is what I have been advocating for, I am part of the advocacy for power rotation.

World Peace Day: Uduaghan recounts his peace efforts in N’Delta

The immediate past Governor of Delta State and Delta South senatorial aspirant under the platform of the All Progressives Congress (APC), Dr. Emmanuel Uduaghan, over the weekend recounted his efforts at achieving peace during the fratricidal Warri crisis and dark days of militancy in the Niger Delta region. Uduaghan spoke in a post he made on his Facebook page last Friday to mark the World Peace Day, saying, “I am not doing this to evoke buried animosity or stoke up old wounds but to give us a sense of gratitude for successfully crawling out of our dark past and also urge us to continue to work for the growing peace we are enjoying in our state today”.

TCN commissions facilities to boost quality power supply

The Transmission Company of Nigeria, TCN, weekend, commissioned a new 60MVA, 132/133 KV in Okpella, Estako East Local Government Council of Edo State while the state governor, Godwin Obaseki, accused the Benin Electricity Distribution Company,  BEDC, of frustrating the state government’s efforts in revamping the power sector for the people of the state. Obaseki said the state government had gotten approval for licence from National Electricity Regulatory Commission, NERC,  to generate power from alternative source to serve the needs of Edo residents.

CSOs: IPOB gaining peoples’ confidence than political leaders

A coalition of civil society organisations (CSOs) under the aegis of Eastern Consultative Assembly (ECA) has cautioned against the widening gap between political leaders and the people they claimed to represent. The group sounded the note of warning in its review of the level of compliance recorded on the September 14, 2018 sit-at- home order by the Indigenous People of Biafra (IPOB), saying that it was now obvious there is “loss of confidence” between the political leaders and the masses. In a statement signed by the secretary of ECA, Elliot Uko, made available to journalists yesterday, the group which monitored the level of compliance said that it achieved over 80 per cent success.

Sheyi Ojo to dump England for Nigeria

England Under-20 World Cup winner Sheyi Ojo says he would consider playing for Nigeria at senior international level – if the West African country came calling. The 21-year-old, who is on loan at French club Reims from Liverpool, is eligible to play for the Super Eagles because his parents are Nigerians. Under Fifa rules he can switch allegiances because he is yet to play for the senior side. And, despite 43 England caps from under-16 to under-21 level, Ojo is keen to fly with the Eagles.

Leicester must sustain top form – Iheanacho

Kelechi Iheanacho says the entire Leicester City team can be proud of their performance during the 3-1 triumph over Huddersfield Town on Saturday. The Nigeria international scored one and set up another to help the Foxes come from behind to beat David Wagner’s men at King Power Stadium. After a brilliant outing for City, Iheanacho stressed the importance of returning to winning ways on home soil against the Terriers.

FIBA Women’s World Cup: D’Tigress stun Turkey to make basketball history

Nigeria made history at the ongoing FIBA Women’s World Cup in Spain as the national women’s team stunned Turkey 74-68 in the Group B game decided on Sunday. It was Nigeria’s first-ever FIBA Women’s World Cup victory and the first time the female team would defeat any European opponent.With the victory, the Nigerian side, nicknamed D’Tigress, put themselves in a strong position to finish second in Group B Sarah Ogoke shot the highest point for Ngeria, as her with 22 points helped propel D’Tigress against their formidable counterparts.

Serena keen to ‘move on’ from US Open row

Serena Williams says she is trying to “move on” from the meltdown that overshadowed her US Open final loss but remains perplexed at her coach’s admission he illegally signalled to her. The 23-time Grand Slam champion lost the decider in straight sets to Japan’s Naomi Osaka after a fiery confrontation with chair umpire Carlos Ramos that she later blamed on sexism. Williams called Ramos a “thief” and a “liar” in a running row with the Portuguese official that eventually saw her docked a game.

Russian plane downing in Syria will harm relations with Israel: Kremlin

The Kremlin on Monday said the downing of a Russian plane in Syria last week following Israeli strikes will harm relations between the two countries and accused Israeli pilots of acting deliberately.”According to information of our military experts, the reason (behind the downing) were premeditated actions by Israeli pilots which certainly cannot but harm our relations,” President Vladimir Putin’s spokesman Dmitry Peskov told journalists. Just minutes earlier Defense Minister Sergei Shoigu announced Russia will transfer the S-300 air defense system to its ally Syria within weeks, among a raft of measures to improve the country’s ability to detect and repel Israeli air strikes.

European Commission chases UK after Chinese fraudsters evade paying £2.4billion in customs

The Commission is ready to initiate the next phase of the process which started in March, when a warning letter was sent to the UK Government. EU officials told politics website Politico action could be taken as early as today. A press release issued in March referred a report prepared by the European Anti-Fraud Office of OLAF. A Commission statement accused to UK of “refusing to make customs duties available to the EU budget” in accordance with EU law.

Iran warns U.S., Israel of revenge after parade attack

The deputy head of Iran’s Revolutionary Guards warned U.S. and Israeli leaders on Monday to expect a “devastating” response from Tehran, accusing them of involvement in an attack on a military parade in the city of Ahvaz. “You have seen our revenge before … You will see that our response will be crushing and devastating and you will regret what you have done,” Hossein Salami said in a speech before the funeral of the victims broadcast live on the state television. Thousands of people packed the streets of the southwestern Iranian city of Ahvaz to mourn the victims of Saturday’s assault that killed 25 people, including 12 members of the elite Revolutionary Guards. Many chanted “death to Israel and America”.

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