Sabinews Morning News Update for June 2, 2015
Buhari Meets Service Chiefs, Former NSA Today
Perhaps, following the spate of four deadly attacks that left scores dead and several others injured or displaced in Borno and Yobe states by members of the Boko Haram sect, and poised to flush out the insurgents, President Muhammadu Buhari will today take briefs from Service Chiefs on the issue.
This is to enable him know the extent of challenges inherited on the issue from the immediate past government of ex-President Goodluck Jonathan. Read more
EFCC Consolidates Charges against Sylva, Quizzes Nyako
In a move to consolidate all the charges against former Bayelsa State governor, Timipre Sylva, the Economic and Financial Crimes Commission (EFCC) monday withdrew the six-count charge of fraud before Justice E. S. Chukwu of the Federal High Court sitting in Maitama, Abuja.
The commission also quizzed the former Governor of Adamawa State, Murtala Nyako, for over six hours in Abuja over money laundering. Read more
Brace up for role as opposition, Mark admonishes PDP legislators
Deputy Senate President, Ike Ekweremadu, monday challenged his Peoples Democratic Party (PDP) colleagues in the National Assembly to hold the ruling All Progressives Congress (APC) accountable for its campaign promises, saying “being in opposition is not a life sentence for any party.”
This came as Senate President, Senator David Mark, called on the party’s National Assembly members-elect to brace up for their role as opposition legislators in the next assembly. Read more
A’Ibom Election Tribunals Relocate to Abuja over Security Reason
About three weeks after the Governorship, National and state Houses of Assembly Petitions Tribunal in Akwa Ibom State were inaugurated, the two tribunals have now relocated to Abuja.
THISDAY gathered that the decision to relocate the two tribunals followed an alleged conduct by some parties involved in the petitions. Read more
Ondo Assembly Returns Speaker Unopposed
Hon. Jumoke Akindele of Okitiopupa Constituency II was monday returned unopposed as the Speaker of the eight Assembly of Ondo State, just as another returnee to the Assembly; Hon. Fatai Olotu of Akoko North East Constituency was elected also unopposed as the Deputy Speaker.
The election of the Speaker and her deputy was sequel to motions moved on the floor of the House after the inauguration of the Assembly by the Clerk, Mr. Bode Aladeyelu, who read the letter of proclamation from the State Governor, Dr. Olusegun Mimiko. Read more
Diamond bank, Samsung, Softcom raise $100m for technology intervention on education
In preparation for the Future Ready university conference, Diamond Bank, Samsung Electronics and Softcom limited have secured a partnership to provide a $100 million technology intervention fund for education.
The fund is expected to increase technology adoption for universities; improve learning experiences and academic outcomes for students in Nigeria. Read more
Saraki Promises Transparency, Accountability as Senate President
A top contender for the Senate presidency and Chairman of the Committee on Environment and Ecology, Senator Bukola Saraki, yesterday outlined his agenda for the eighth senate which would be inaugurated on Tuesday, June 9.
Saraki told journalists in Abuja that if elected for the position, he would ensure openness, transparency and accountability in the affairs of the Red Chamber. Read more
68 MASSOB Members Arrested in Imo for Alleged Illegal Procession
Sixty-eight members of the Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) have been arrested by the Imo State Police Command for alleged unlawful assembly and procession.
Commissioner of Police, Mr. Austin Evbakhavbokun, who disclosed this to journalists in his office yesterday, said 62 out of the 68 arrested had been charged to court for conspiracy, belonging to unlawful society and conduct likely to cause breach of the peace. Read more
Wike Declares Financial Autonomy for Rivers Judiciary
Rivers State Governor, Nyesom Wike, has declared that the state judiciary would have financial autonomy, so that it could work independently without being muscled by the executive.
Wike spoke yesterday in Port Harcourt, while swearing-in the state acting Chief Judge, Justice Daisy Okocha, and the acting President, of the state’s Customary Court of Appeal, Justice Christy Gabriel-Nwankwo. Read more
Fayose’s Impeachment: Police, Commercial Drivers, Cyclists Lay Siege to Assembly
Tension mounted in Ado Ekiti, capital of Ekiti State as police rounded up the entire state House of Assembly complex following rumour that the 19 All Progressives Congress (APC) lawmakers would besiege the assembly to commence impeachment process against the state Governor, Ayodele Fayose.
Heavily armed policemen had cordoned off all the roads leading to the Assembly and prevented those not on official duties at the state secretariat that was located close to the assembly from gaining entry. Read more
57 bodies identified as Onitsha tanker fire death toll rises to 70
Onitsha, the Southeast’s commercial engine-room, was still in a tragic mood yesterday.
A tanker loaded with petrol on Sunday hit a house and exploded in a huge ball of fire, killing 69 residents. The death toll went up by one yesterday. Read more
Ecobank optimistic on bank’s growth, profitability
Ecobank Transnational Incorporated (ETI) has assured shareholders of a bright future that will guarantee shareholders’ value and higher benefits for all stakeholders.
Speaking at a reception in Lagos with shareholders recently, the Chairman of the bank, Emmanuel Ikazoboh, who described Ecobank as the pride of Africa, with best talents on the continent that have the passion and commitment to excel as a world-class financial institution. “Through our board, management and staff, we have an unparalleled passion and commitment to excel as a world-class financial institution,” he said. Read more
‘Q1 balance of trade shores up Nigeria’s economy’
The National Bureau of Statistics (NBS) has said that favourable trade balance from rising exports and lower import expenditures in the first quarter (Q1 2015) of the year has helped in shoring up Nigeria’s balance of trade with a total of N4.875.4 billion.
The bureau affirmed that the rise in exports and lower imports had helped to improve the country’s trade balance which increased by 71.6 per cent from the preceding quarter, to ₦N1,584.9 billion. Read more
Equity market starts week bearish as investors’ apathy persists
The equities market closed yesterday on a negative note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] depreciated by 0.35 per cent to close at 34,272.09 basis points, compared with the 0.54 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 1.46 per cent.
Market breadth closed negative as Vono led 21gainers against 26losers topped by Abctrans at the end of yesterday’s session- an improved performance when compared with previous outlook. Read more
Equinix may seek more deals after $3.6b Telecity takeover
Equinix Inc. said it may seek more deals after agreeing to buy Telecity Group Plc for 2.35 billion pounds ($3.6 billion).
Equinix is creating a trans-Atlantic data-center operator, scuttling its target’s planned merger with Interxion Holding NV of the Netherlands, as the industry consolidates. Read more
Oil and Gas
Navy seeks temporary approval to prosecute crude oil thieves, others
The Nigerian Navy, NN yesterday, requested for a temporary approval from the legislative arm of government to prosecute crude oil thieves and other sea criminals, pending when such approval would be passed into law, with a view to fast tracking the dispensation of justice.
Already, the Navy according to the Chief of Naval Staff,CNS, Vice Admiral Usman Jubrin, had written to seek permission from the Minister of Justice and Attorney General of the Federation to this effect without any response. Read more
Marketers get 6,000 tonnes of cooking gas to ease scarcity
To ease cooking gas scarcity, the Nigeria Liquefied Natural Gas(NLNG) has supplied 6,000 metric tonnes of Liquefied Petroleum Gas(LPG) to oil marketers.
The product arrived in Lagos at the weekend, by MT Gas Provident, which left Bonny, Rivers State, a few days ago. Read more
Energy crisis looms as Seawolf workers protest unpaid salaries
The Nigerian economy risks another economic shut down in the next couple of days, as workers of Seawolf Oilfield Services, yesterday, promised to work with the National Union of Petroleum and Natural Gas Workers, NUPENG and the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, to compel the Asset Management Corporation of Nigeria, AMCON, to pay them their 22 months’ salary arrears. Read more
Kaduna Electric Extends Workers Contract by Two Months
The Managing Director/CEO of Kaduna Electric (Kaduna Electricity Distribution Company), Garba Haruna, has announced a two month extension of the contract of its workers. The contract will now terminate on July 31.
A press statement signed by the Head Corporate Communication of the company, AbdulAzeez Abdullahi revealed. Read more
Adamu Returns to CAF
Former CAF and FIFA Executive Committee Member, Dr Amos Adamu, has been selected as a member of the Confederation of Africa (CAF) Nations Cup Organising Committee.
Adamu who served out his three-year ban late last year returned to the continental football fold on invitation of CAF as an observed of its Congress last April. Read more
Akpoborie Faults Garba’s Tactics
Former Super Eagles forward Jonathan Akpoborie says Kelechi Iheanacho should not have been handed a starter’s shirt against Rogerio Mical’s team.
The Manchester City forward hit the upright in the first half but was replaced in the 75th minute by Kingsley Sokari after he seemed to have been caged by the Seleção’s well-coordinated backline. Read more
Defiant Manu Promises Flying Eagles Fight Back
After his wards lost their first game of the ongoing FIFA Under-20 World Cup to Brazil 4-2 in New Zealand in the early hours of yesterday, Flying Eagles Head Coach, Manu Garba, insisted that Nigeria would fight to stay in contention in the next two matches.
The Flying Eagles are to take on North Korea on Thursday, before battling Hungary in a final Group E game at the weekend. Read more
Nigerian Tennis Back On Track, Says Ndanusa
Following the emergence of new winners at the Central Bank of Nigeria, (CBN) Senior Tennis Championship, President of the Nigeria Tennis Federation, (NTF), Engr. Sani Ndanusa, says tennis is back in the country.
Ndanusa, a former Nigeria Olympic Committee, (NOC) President, who was quite bullish in his submission, noted that the country had been at the developmental stage for years, but believes that the latest trend in the sport may have given birth to a new lease of life in the sport. Read more
Sudan says foreign groups seek a ban on gold exports
The Sudanese minister of minerals Ahmed Sadiq al-Karuri warned that some unnamed foreign organizations are actively compiling negative reports on the mining sector in Sudan especially gold as a prelude to a ban the country’s exports of this precious metal.
Sudan is trying to compensate for the loss in oil which constituted more than 50% of its revenues until 2011 South Sudan seceded and took with it 75% of the country’s oil reserves. Read more
UN steps up aid to Burundi refugees
Alarmed by the rising tide of refugees fleeing Burundi, the United Nations on Monday moved to help Rwanda and Tanzania cope with the influx with $15 million in aid.
More than 70,000 refugees, many of them children, have fled Bujumbura since April when a dispute over the president’s bid to run for re-election sparked protests. Read more
South Africa Rolls out Tough New Visa Regulations
South Africa monday rolled out tough new visa regulations requiring children travelling into the country to carry unabridged birth certificates, a move that industry experts predict will badly damage the tourism sector.
According to AFP reports, the revised regulations dictate that children of all nationals and foreigners must be accompanied by unabridged birth certificates in addition to their passports when entering or leaving the country. Read more
Reserve Bank of Australia interest rates decision
The recent rate cuts and their impact has taken on more of a political flavour of late due to comments made in Senate estimates yesterday by the Treasury Secretary John Fraser.
Fraser told the committee that “It does worry me that the historically low level of interest rates are encouraging people to perhaps overinvest in housing.” Read more
Lion kills woman in S Africa park
A lion has killed an American woman and injured a man driving through a private wildlife park in Johannesburg, a park official said.
The attack occurred at around 2:30pm local time when a lioness approached the passenger side of the vehicle as the woman took photos and then lunged, said Scott Simpson, assistant operations manager at the Lion Park. Read more
South Korea confirms deaths from MERS
South Korea on Tuesday confirmed the country’s first two deaths from Middle East Respiratory Syndrome as it fights to contain the spread of the virus that has killed hundreds of people in the Middle East.
South Korea has reported 24 cases of the disease since diagnosing the country’s first MERS illness last month in a man who had traveled to Saudi Arabia and other Middle Eastern countries. South Korea’s cases have largely connections to the first patient, either medical staff who treated him, or patients who stayed near the man at the hospital before he was diagnosed and isolated and their family members. Read more
US airport security shakeup after fake weapons missed by screenings
The US homeland security secretary, Jeh Johnson, has ordered improved security at airports and reassigned the top Transportation Security Administration official to another role after reports that screenings failed to detect mock explosives and weapons in 95% of tests carried out by undercover agents.
Airport screeners, who are employed by the Transportation Security Administration, did not detect banned weapons in 67 of 70 tests at dozens of airports, ABC News reported, citing officials briefed on a report by homeland security’s inspector general. Read more
China Boat Sinking: 10 rescued, many missing
State broadcaster CCTV said search teams heard sounds coming from within the capsized cruise ship more than 12 hours after it flipped over in the Yangtze River on Monday night, and were trying to confirm whether they were from survivors trapped inside.
Footage from the broadcaster showed rescuers in orange life vests standing on top of the upside-down hull, with one of them lying down tapping a hammer and listening for a response, then pointing downward. Read more
Judge Awards Billions to Quebec Smokers
A judge has awarded more than $15 billion Canadian (US$12 billion) to Quebec smokers in a case that pitted them against three giant tobacco companies. The case is believed to be the biggest class-action lawsuit ever seen in Canada.
Superior Court Justice Brian Riordan’s decision became public late Monday. Read more
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