Sabinews Morning News Update for August 5, 2015
Contractor sues FG over Jonathan’s N9.2bn stoves
The contractor handling the N9.2billion worth of clean cook stoves and wonder bags awarded by the administration of former President Goodluck Jonathan has dragged the Federal Government to court.
The Permanent Secretary, Ministry of Environment, Fatima Mede, disclosed this to State House correspondents on Tuesday shortly after briefing President Muhammadu Buhari of the ministry’s activities inside the Presidential Villa, Abuja. Read more
Boko Haram seeks dialogue with FG –CCC
The Boko the Haram terrorists group is seeking dialogue with the Federal Government, it emerged yesterday.
Elements within the sect were alleged to have approach some Non-Governmental Organisations, NGOs, to facilitate the talks. Read more
We won’t tolerate attacks on police stations –IGP
Irked by the spate of attacks and foiled arson attempts at some police stations and formations, Inspector-General of Police, IGP Solomon Arase, has warned members of the public of the unsavoury implications of such inappropriate behaviour.
While he noted that an attack on a police station is a criminal offence, Arase said any person or group involved in such act would be made to face the law. Read more
Amaechi, APC are Corrupt, PDP Insists
The Rivers State chapter of the Peoples Democratic Party (PDP) has described the claim by the former Governor of Rivers State, Mr. Rotimi Amaechi, that President Muhammadu Buhari is begging him to accept appointment as minister or Secretary to the Government of the Federation (SGF) as tantamount to glorifying corruption.
The party said the claim also exposes the president’s “fight against corruption’ as anti-people and targeted at only members of the PDP.” Read more
Ife residents demand truth about Ooni’s whereabouts
Residents of Ile-Ife, Osun State, yesterday expressed concern over the possible demise of the Ooni, Oba Okunade Sijuwade.
According to some residents of the ancient town, who spoke with newsmen, Oba Sijuwade had permanently etched his presence in the hearts of many of his subjects in Ile-Ife, saying he remained a loving and caring monarch. Read more
NUT rejects JAMB’s cut off marks
Nigeria Union of Teachers, NUT, yesterday rejected the cut off marks approved by the Joint Admissions and Matriculation Board, JAMB, for admission into tertiary institutions in the country.
The union said the decision was derogatory, highly discriminatory and calculated at demeaning and lowering the professional status of teachers with its concomitant negative effect on the attainment of quality education in the country. Read more
NOUN Denies Corruption, Irregular Tuition Allegations
Authority of the National Open University of Nigeria (NOUN) has denied corruption and irregular tuition allegations against the management of the online university.
Describing the allegation as spurious and unfounded, the Director, Media and Information, Dr. Ronke Ogunmakin, said that much as the institution would not want to join issues with the writers of the stories, it was necessary for the university to inform the public and correct the impressions of double charges as claimed by the writer. Read more
25 Students of Unijos Arrested for Cultism
No fewer than 25 students of University of Jos and Federal College of Forestry, Jos have been arrested for cult activities and related offences by combined team of Special Task Force (STF), the Police and Directorate State Service (SSS) on Tuesday.
A security operative disclosed that men of the combined force stormed the campuses of the institutions and the neighbourhood of Bauchi Ring Road in the early hours of yesterday after a tip off by the authorities of the institutions, and successfully arrested and whisked the students away. Read more
CDC: FG Prepared for Resurgence of Ebola
The National Coordinator, Centre for Disease Control, Prof. Abdusalam Nasidi, on Tuesday said Nigeria had taken adequate measures to contain the resurgence of Ebola Virus Disease (EVD) in the country.
Nasidi disclosed this in an interview with the News Agency of Nigeria in Abuja. Read more
Air France Unveils Kunle Afolayan As Ambassador
Amidst cries that Corporate Businesses are not supporting the Nigerian motion picture industry otherwise called Nollywood, the art of notable actor and filmmaker, Kunle Afolayan got a boost last Wednesday, when Air France inked a partnership with him and his next movie, The CEO.
Excited, Afolayan shared the news on the social media shortly after the deal: “It’s all about hard work and God. I have just been appointed as the ambassador for Air France and the deal covers several projects of mutual benefits. Thank you to all family, friends and fans for your support so far. Ire lojo gbogbo.” Read more
No more naira devaluation –CBN
For those carrying out speculative activities on the naira, this is certainly bad news as the Central Bank of Nigeria (CBN) yesterday disclosed that it has foreclosed plans on further devaluation of the naira.
The apex bank’s standpoint is coming on the heels of measures put in place to shore up the value of the naira against the United States dollar, which has been on the upscale for over two months. Read more
Recapitalisation: 15 Operators Move to Reclassify, Merge Operations
About two months to the September 30, 2015 recapitalisation deadline for capital market operators, over 15 stockbroking firms have applied to the Securities and Exchange Commission (SEC) either to merge or reclassify their businesses, THISDAY checks have revealed.
SEC had at the beginning of July directed market operators, who may be considering a reclassification to notify the commission not later than July 31. SEC extended the directive to capital market operators seeking to downsize from stockbroker to sub-broker, broker-dealer to either broker or dealer and from multiple functions to a single function, among others. Read more
IMF: Nigeria’s Financial Penetration Rate Still Low
The International Monetary Fund (IMF) has said the rate of financial penetration in Nigeria was still low compared with her peers.
The multilateral institution noted that recent surveys indicated that although Nigeria’s financial penetration rate was improving, the number remains about a third of the adult population. Read more
Equities Market Extends Gains, Up 0.69%
The bulls continued their hold of trading activities on the floor of The Nigeria Stock Exchange (NSE) on Tuesday extending gains on equities as blue chip companies pushed the market up by 0.69 per cent.
The All Share Index increased by 211.03 basis points to close trading at 30,458.86 as against 30,247.83 recorded on Monday even as Market Capitalisation appreciated by N72.335 billion to close at 10.439 trillion compared with Monday’s N10.367 trillion. Read more
Oil and Gas
Egina receives first ‘made in Nigeria’ subsea wellhead
Egina project operated by Total has received its first locally fabricated subsea wellhead for the exploration and exploitation of the Egina field.
The wellheads which were produced by oiltools in collaboration with FMC Technologies has given a boost to local capacity for indigenous participation in oil and gas industry. Read more
Seplat Petroleum Seeks Domestic Energy Security
The London-listed Seplat Petroleum Development Company (SPDC) Plc has stated that domestic energy security was key to Nigeria’s future development, stressing that this could be achieved in the next five years.
Speaking on Tuesday in Lagos at the 2015 conference of the Nigeria Council of the Society of Petroleum Engineers (SPE), the Chief Executive Officer of Seplat, Mr. Austin Avuru said that in 2010 when his company inherited assets from Shell, the installed gas processing capacity was 120 million standard cubic feet (SCF) per day, while actually delivery was only 60 million standard cubic feet per day. Read more
NNPC: Refineries to Operate at 90% Capacity after TAM
The General Manager, Services, of the Nigerian National Petroleum Corporation (NNPC), Mr. Abubakar Muhammed, has said the nation’s four refineries would operate at 90 per cent capacity on completion of the ongoing Turn Around Maintenance (TAM).
Muhammed gave the assurance at the ongoing four-day international conference of the Society of Petroleum Engineers (SPE) and exhibitions on Tuesday in Lagos. Read more
FG, states owe Discos N31bn electricity bill since 2013
Debts owed to six electricity Distribution Companies, Discos, in unpaid electricity bills by Ministries, Departments and Agencies (MDAs) of the Federal Government and some state governments since November 2013 may have hit N31bn, investigation has revealed.
It was gathered that the Discos have been under intense pressure following the crippling debt owed by consumers, especially government agencies, since the core investors took charge of the assets in November 2013. Read more
FC Taraba May Shock Rangers
FC Taraba still smarting from Week 20 1-0 home victory over Sunshine Stars of Akure may surprise Enugu Rangers at the Nnamdi Azikiwe Stadium, Enugu in a Week 21 Nigerian Professional Football League (NPFL) encounter today.
The victory over Sunshine has raised the stake as the Jalingo side may spring another surprise, now that the home invincibility has been rubbished since the start of the season. This is more so that Ranger was spanked 2-1 by Enyimba at this venue in their Week 19 encounter. Fair officiating that has been the hallmark of the league this season is also giving this hope of a likely away win for Taraba. Read more
Pinnick Reiterates Zero Tolerance for Hooliganism
Nigeria Football Federation (NFF) President, Amaju Pinnick, has emphasised that any stadium in the country where any act of hooliganism is unleashed will face severe sanctions while guilty teams will not be allowed to go scot-free.
The NFF boss spoke as the second half of the Nigeria Professional Football League resumed on Saturday. Read more
Doping Should Be Legalised In Boxing – Thompson
Tony Thompson has called for doping to be legalised because he believes it has become so rife in the sport.
The American heavyweight maintains his innocence despite failing a drug test after his July 2013 win over David Price. He insisted on Monday that the banned substance, hydrochlorothiazide, entered his system through medication for high blood pressure. Read more
All African Games: Nigerian Army Wrestlers Win Gold, Bronze
The Nigerian Army Wrestling Team at the ongoing National Open Trial Championship to select wrestlers to represent the country at next month’s All Africa Games have won two gold and two bronze medals.
The Director of Army Public Relations (DAPR), Col. Sani Usman, in a statement said this feat was in furtherance of Nigerian Army’s sterling contributions to the country’s sports. Read more
Okagbare Begins Training For Worlds
Blessing Okagabre revealed that she has begun her rigorous training schedule ahead of the 2015 IAAF World Athletics Championships in Beijing, China, later this month.
The superstar recently missed out of the All Nigeria Athletics Championships due to injury, but is now fit enough to resume training. Read more
Changes As Oliseh Names First Eagles Squad
Super Eagles assistant coach, Salisu Yusuf, who is in charge of scouting the home based players for the team has submitted a list of possible invitees to head coach, Sunday Oliseh, which includes several ‘new faces’.
It remains unclear the number of home based players that will be invited, but there will be major changes to the group that was usually called by former coach, Stephen Keshi, with some of his favoured players dropped. Read more
AU to consult Sudan’s armed movements over national dialogue
A senior African Union (AU) official said on Tuesday that the panel is to meet with the Sudanese armed movements by mid of this month to consult on issues of national dialogue.
Thabo Mbeki, head of AU High-Level Implementation Panel on Sudan (AUHIP) said his organization would meet with the representatives of the armed groups, and consult with them on their positions regarding the national dialogue, while at the same time convey to them Khartoum’s stance. Read more
Pharrell Williams faces stormy S African tour
Concerts scheduled by US pop star Pharrell Williams in South Africa next month face disruptions from pro-Palestine protesters over a promotional deal he has with major retailer Woolworths, which has trade ties with Israel. The Grammy award-winning producer and performer has been targeted by the South African branch of the international Boycott, Divestment and Sanctions against Israel (BDS) movement. It objects to Israel’s 48-year-old occupation of territories where Palestinians seek an independent state. Williams is collaborating with Woolworths on its “Are You With Us” campaign, acting as style director on several sustainability-focused projects encompassing fashion and fundraising for education. Read more
US fund managers tapping into African beer market
Forget Milwaukee and Brooklyn – Lagos and Dar es Salaam are the new brewery hot spots, according to U.S. mutual fund managers as they tap Africa’s emerging beer companies in pursuit of long-term returns on investment.
US fund managers who originally entered the African market by investing in infrastructure said the continent’s youthful demographics – large swaths of the continent are at prime beer-drinking age – and favorable economics brought by local production are a recipe for a profitable outlook. Read more
Trial due to open in Zimbabwe over Cecil the lion’s death
The professional Zimbabwean hunter who led the expedition that killed Cecil the lion was due to stand trial Wednesday on charges of organising an illegal hunt.
Theo Bronkhorst, who runs a safari company, denies any wrongdoing over the hunt in early July when Walter Palmer, a dentist from the American state of Minnesota, paid $55,000 (50,000 euros) to shot the lion with a bow and arrow. Read more
In blow, U.S.-trained Syrian rebels captured by al Qaeda wing
The United States said on Tuesday it had indications that Syrian rebels trained by the U.S. military were captured by fighters from al Qaeda’s Syria wing, Nusra Front, in the latest blow to a fledgling program at the center of America’s war strategy.
The Pentagon said in a statement it was monitoring the situation but had “no further details to provide.” Read more
Fewer Germans going to Syria, Iraq to fight for Islamic State – spy chief
Fewer Germans have gone to Syria and Iraq to fight with Islamic State in the past few months than during last year’s surge following the militants’ declaration of an Islamic caliphate, the head of Germany’s domestic intelligence said.
Hans-Georg Maassen from the Federal Office for the Protection of the Constitution (BfV) told Reuters in an interview that 720 Germans had joined the jihadists so far. Read more
India floods derail two trains, killing at least 20; hundreds rescued
Two express trains were partially swept off a flooded bridge over a river in central India overnight, killing at least 20 people and injuring 100, the government said on Wednesday.
Divers using gas cutters pulled out passengers trapped in waterlogged coaches and 300 had been rescued by early morning, officials said. Dozens were rushed to hospital in critical condition. Read more
Lee Hee-ho, first lady from South Korean ‘sunshine’ era, visits the North
Lee Hee-ho, the widow of late South Korean president Kim Dae-jung, has flown to North Korea, saying she hoped the rare trip would help ease cross-border tensions.
The 5-8 August visit is ostensibly humanitarian in nature but there has been much speculation about a possible meeting with the North Korean leader, Kim Jong-un, who personally approved the trip. Read more
Panama calls for top court to cancel $125 mln Finmeccanica contract
Panama’s government has filed a lawsuit seeking the Supreme Court to cancel a $125 million contract with Italy’s Finmeccanica that was signed under former President Ricardo Martinelli, citing corruption concerns.
Authorities suspended the contract last year, flagging suspected bribery and stating that the 19 radars ordered from Silex, a subsidiary of the Italian firm in the country, do not meet the requirements for ocean anti-drug surveillance. Read more
Thailand: End 2010 Violence Cover-Up
The Thai authorities should end efforts to cover-up abuses committed by soldiers during the 2010 political violence and prosecute all sides responsible for rights violations, Human Rights Watch said today.
As reported in the Thai media, soldiers have claimed in the long delayed investigation by the Justice Ministry’s Department of Special Investigation (DSI) that rubber bullets were chiefly used during the crackdown on street protests in 2010. Such claims first became public when the DSI questioned military snipers in August 2012. Read more
Follow us @sabinewsnaija