Sabinews Morning News Update for June 19, 2015
EFCC arrests Ohakim
The Economic and Financial Crimes Commission (EFCC) yesterday, arrested the former governor of Imo State, Mr. Ikedi Ohakim.
Ohakim was governor of Imo State between 2007 and 2011. It was gathered that governor was arrested yesterday at about 10.05am at his residence in the Asokoro district of the nation’s capital, Abuja. Read more
Teachers call on WAEC boss to resign
The Ghana National Association of Graduate Teachers, on Thursday, called on the Head of the West African Examination Council in Ghana to resign to allow authority to investigate without interference.The NAGRAT is also calling for the dissolution of the Board of Directors for WAEC.
Addressing a press conference in Accra, the National Vice President of the Association, Mr. Angel Kabonu, explained that it was imperative that Rev. Samuel Ollenu steps aside to ensure that investigations were done independently. Read more
Stop Making a Mockery of Governance, PDP Tells APC
Less than 24 hours after its statement chiding a group within the party which asked President Muhammadu Buhari to resign if he cannot perform due to his age, the Peoples Democratic Party (PDP) Thursday charged the All Progressives Congress (APC) and the presidency to stop making mockery of governance with premature celebrations of imaginary achievements except if the intention is to set up the president for national and international ridicule. Read more
Money laundering: Judgment in suit against Fani-Kayode July 1
Judgment in the trial of a former Minister of Aviation Chief Femi Fani-Kayode for alleged money laundering was stalled yesterday due to the absence of prosecuting counsel Mr. Festus Keyamo.
hief Ifedayo Adedipe (SAN) urged the judge to go on and deliver the judgment since it was ready. Read more
Akwa Ibom governor seeks tribunal’s relocation to Uyo
Akwa Ibom State Governor Udom Emmanuel has requested that the state Governorship Election Petition Tribunal sitting in Abuja be relocated to the state capital, Uyo.
His request is contained in a motion he filed before the tribunal, challenging among others, the movement of the tribunal to Abuja from Uyo where it had sat before it was moved on ground of insecurity. Read more
Boko Haram: EU pledges €21m for victims, IDPs
More help is coming the way of victims of Boko Haram’s attacks in Nigeria and other neighbouring countries, as the European Commission pledged €21 million.
The EU Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides, in a statement yesterday by the commission, said €12.5 million of the fund will be used to tackle humanitarian challenges in Nigeria. Read more
Crisis Rocks Benue Assembly as PDP Member Resigns
The crisis brewing in the Benue State House of Assembly has continued to degenerate as a member, Mr. Nick Eworo, has resigned from the Peoples Democratic Party (PDP).
This is coming after the PDP, who were in the majority in the assembly had announced Mr. Sule Audu, representing Agatu state constituency as the Majority Leader of the assembly. Read more
Anambra Govt Officials Hack one to Death in Onitsha
About 20 officials of the Anambra State Ministry of Transport Thursday beat a man to death in Onitsha over arguments on the purchase of vehicle emblem.
The man who was identified as Okechukwu Onwuamaegbu was said to be a driver attached to Pentecostal Church, Chosen, in Onitsha. Read more
435 Disengaged Rivers Poly Staff Appeal for Reversal of Sack
The 435 staff of the Rivers State Polytechnic who were sacked by the Rivers state government on Monday have appealed to well-meaning Rivers people to prevail on the state government to reverse the decision.
The workers, made up of academic and non-academic staff, were sacked by the state government on grounds that their appointments were irregular and breached procedures. Read more
NPA laments Apapa gridlock, meets FERMA today
As part of measures to tackle gridlock along ports’ access roads in Lagos, the Nigerian Ports Authority (NPA), Western Port, will today meet with representatives of Federal Road Maintenance Agency (FERMA).
The meeting is expected to workout modalities on “immediate palliative measures” to adopt in the interest of all stakeholders and the nation’s economy. Read more
Lafarge Africa, PINE Partner to Rebuild North East
All things being equal, Nigeria’s North East economic landscape would in the next few years witness a significant growth as Lafarge Africa Plc has expressed willingness to partner with the federal government through the Presidential Initiative for the North East, (PINE) in rebuilding the ravaged region by contributing to drive the economic turn around, and pave the way for long term economic prosperity of the area.
The Managing Director/Chief Executive Officer (CEO) Lafarge Africa plc, Mr. Guillaume Roux made the statement after a collaborative meeting with the PINE Committee led by the Chairman, Prof. Soji Adelaja in Abuja on Wednesday. Read more
FAAN shuts Benin Airport for 3 weeks
The Benin Airport in Edo State is to be closed this weekend by the Federal Airport Authority of Nigeria, FAAN, for repair work.
Our correspondent learnt that the closure would last for three weeks. Read more
Controversy Trails Chadian Bombing of Boko Haram Camps in Nigeria
The Nigerian Army has denied reports that Chadian military authorities carried out retaliatory airstrikes against six Boko Haram camps within Nigeria on Wednesday.
The Chadian military authorities had said, through a statement, that its forces carried out retaliatory airstrikes against Boko Haram militants in neighbouring Nigeria after a pair of suicide bombings in the Chadian capital, N’djamena, earlier this week killed, at least, 27 people. Read more
Fulani Herdsmen Hack Eight Taraba Farmers to Death
Assailants suspected to be Fulani herdsmen hacked to death eight farmers in Taraba State, police said Thursday.
Around 30 machete-wielding assailants accosted the farmers on their way to their crop field in Sondi village in Wukari district of Taraba State, where deadly clashes between farmers and herders over grazing rights are frequent, police spokesman Joseph Kwaji said of the Wednesday attack. Read more
BoI stakes N16.5b on Kano SMEs, targets industrial clusters
The Bank of Industry (BoI) has unveiled plans to improve its intervention exercise to Small and Medium Enterprises (SMEs) in Kano State through identified industrial clusters, even as its loan portfolio to the sector hit about N16.5billion.
According to the bank, the industrial cluster approach is in pursuit of an inclusive growth in the state and part of efforts to extend financial support to the entrepreneurs operating therein. Read more
First Bank increases African presence, unveils FBNBank Guinea
First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc has unveiled FBNBank Guinea, formerly registered as International Commercial Bank (ICB), Guinea.
This unveiling is coming on the heels of the agreement reached by FirstBank and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100 per cent equity stake in ICB Guinea. Read more
NSE posts N8.1b gross earning, optimistic on better performance
The Nigerian Stock Exchange (NSE) has announced gross earnings of N8.1 billion for the financial year ended Dec. 31, 2014. Speaking during the company’s 54th yearly general meeting (AGM) in Lagos yesterday, the Chief Executive Officer of the NSE, Oscar Onyema explained that the figure was against the N5.4 billion posted in the comparative period of 2013.
The company’s operating surplus before tax stood at N3.95 billion compared with N3.26 billion achieved in the corresponding period of 2013. Read more
Nigerian economy, unmitigated disaster, says Dogara
House of Representatives Speaker Yakubu Dogara has said Nigerian leaders must redouble their efforts if the country is to be rescued from its current state of economic woes.
Dogara, who spoke yesterday while receiving a delegation of government officials, traditional institutions, business executives and politicians from Bauchi State refereed that the country’s economy is in a state of ‘unmitigated disaster’. Read more
‘Nigeria Could Emerge as a Leading Super Power in Africa by 2040’
The Executive Director of the South Africa-based Institute of Security Studies (ISS), Dr. Jakkie Cilliers, Thursday declared that Nigeria has the capacity to become a lone super power in Africa.
He however said this can only be possible if the country take necessary steps that will see far reaching changes in governance issues and social problems confronting it. Read more
Core Investor Sells 33% Stake in Julius Berger
Julius Berger Nigeria Plc (JBN) on Thursday notified The Nigerian Stock Exchange that Bilfinger SE, its minority shareholder with a holding of 33.4 percent, has informed the Board of the Company of its decision to dispose of its remaining stake in the company to long term Nigerian investors on or before the end of June 2015.
JBN states that this proposed transaction will lead to the exit of the representative of Bilfinger SE from the Board of JBN. The Company added that the decision is based on Bilfinger’s strategic realignment from a construction company to an engineering and services group in the last decade which saw Bilfinger SE divest totally from its construction activities. Read more
Foreign Reserves Drop to $29.004b
Few weeks after the inauguration of the Muhammadu Buhari’s administration, the nation’s foreign reserves went down by 2.73 percent.
Latest data obtained from the website of the Central Bank of Nigeria (CBN) on Thursday, showed that as at Wednesday, June 17, 2015, the reserves level stood at $29.004 billion, representing a drop of $815 million, or 2.73 percent month-to-date, from $29.819 billion at by May 18, 2015. Read more
Controversy hits sale of Delta Steel Plc
A major crisis has broken out over the purported sale of Delta Steel Plc, Aladja.
Premium Steel and Mines, a company owned by frontline businessman Sunil Vaswani, says it has bought the troubled steel giant, promising to inject N70 billion in the first phase and N300 billion in the subsequent phases. Read more
NACCIMA Promises to Boost Agric Value Chain, Elects New President
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has reiterated its commitment to supporting the Micro, Small & Medium Enterprises (MSMEs) to boost agric value.
The National President of the association, Chief Bassey Edem, made the pledge in his maiden address to members after his investiture at the 55th Annual General Meeting of the Association last week in Calabar, Cross River State. Read more
CBN, Banks Meet on Forex Rules to Avert JPMorgan Ejection
In a bid to forestall JPMorgan’s warning that it shall remove Nigeria from its Government Bond Index (GBI-EM) by the end of the year, the Central Bank of Nigeria (CBN) will today meet with chief executives and treasurers of commercial banks.
Bank sources yesterday disclosed that the meeting would discuss issues surrounding the central bank’s foreign exchange policy, reported Reuters. Read more
Oil and Gas
Shale Fallout Torments Nigeria as Flagship Oil at Decade-Low
The shale boom that’s reduced U.S. dependence on overseas crude is reverberating in Nigeria as Africa’s biggest oil producer cuts the pricing for its flagship grade to the lowest in a decade.
The country, part of the Organization of Petroleum Exporting Countries, will sell July supplies of its Bonny Light crude at 23 cents more than Dated Brent, according to an e-mailed statement from state-run Nigerian National Petroleum Corp. That’s the smallest differential since 2005 and compares with a 50 cent premium in June and $2.55 a year earlier, data compiled by Bloomberg show. Read more
NNPC, NEITI to partner on oil industry transparency
The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Extractive Industry Transparency Initiative, NEITI, have agreed to collaborate with a view to consolidating the gains of the transparency initiatives recorded so far in the nation’s oil and gas industry.
The Group Managing Director of the NNPC, Dr. Joseph Dawha, disclosed this on Tuesday during a courtesy visit to the Corporation in Abuja by a delegation of NEITI and parent Extractive Industry Transparency Initiative, EITI. Read more
EFCC Arraigns Four Filipinos, Five Bangladeshis for Illegal Oil Bunkering
The Economic and Financial Crimes Commission (EFCC) Thursday arraigned nine foreigners and one vessel alleged to be involved in illegal oil bunkering before Justice Ibrahim Buba of the Federal High Court, Lagos on a four-count charge bordering on conspiracy and illegal dealing in petroleum products.
The accused persons comprising five Bangladeshi and four Filipinos are Axel Joseph Gibo Jabone, MD Zahirul Islam, Juanto Camireno Infantado, Suarin Fernando Alave, Gatila Jaypee Gadayan, Islam Shahinul; Islam Rafiqul, Shaikh Shibli Nomany and Rolando Jose Comendador. The vessel is MT Asteris. Read more
FG Spent N4.5tr on Fuel Subsidy in Seven Years – NEITI
With over N4.5 trillion spent on petrol subsidy in the seven years between 2006 and 2012, the Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday insisted that the time to end the wastage has come.
The figure however increases, when the subsidy spend for 2013, 2014 and the first half of this year is considered. Read more
DSS grills refineries MDs in multi-billion dollar oil deals
Another chapter was yesterday opened in the probe of the multi-billion dollar crude swap that cost Nigeria so much cash and delivered little fuel — in some cases.
The probe of the Nigeria National Petroleum Corporation (NNPC) contracts has extended to the managing directors of the four troubled refineries. Read more
Nigerian refineries to resume production next month —OFFICIAL
Nigerian National Petroleum Corporation, NNPC, said, yesterday, that the four refineries in Port Harcourt, Warri and Kaduna will resume production next month, raising hope of an end to perennial petrol shortages in the country.
The General Manager, Public Affairs, of the NNPC, Mr Ohi Alegbe said that “the refineries at Warri, Port Harcourt and Kaduna will resume next month after a successful turn-around-maintenance (overhaul) of their facilities. The turn-around-maintenance has been on for some time. We did not just want to make any noise about it. The refineries will start production as soon as they have delivery of crude oil for refining.” Read More
IK Uche Completes Tigres Move
Nigeria striker Ikechukwu Uche has signed for Mexican side Tigres from La Liga club Villarreal, completesportsnigeria.com reports.
Uche had a medical at the top flight club on Tuesday and the deal was sealed on Thursday night in Mexico (early hours of Friday in Nigeria). Read more
Pillars thrash Giwa 4-1
Kano Pillars thrashed Giwa 4-1 in a week 12 game of the Nigeria league to maintain their unbeaten home record.
Pillars are now third on the league table with 21 points from 10 games. Read more
Neymar says refs are targeting him
A little under two weeks ago Neymar netted the goal that wrapped up Barcelona’s Champions League triumph against Juventus, but he was needlessly sent off at the Copa America on Wednesday.
Neymar was shown a red card at the end of their 1-0 Group C defeat to Colombia after he became involved in scuffles between the South American rivals. Read more
Super Falcons Back Saturday
Players and officials of the Super Falcons will return to the country this weekend after exiting the 2015 FIFA Women’s World Cup finals in Canada on Tuesday.
The team, which lost its last group match 1-0 to the United States of America on Tuesday evening will depart Vancouver on Thursday for London aboard a British Airways flight, and will in London connect to Abuja, to arrive in the early hours of Saturday. Read more
Sweden Coach Declines Falcons Job
Sweden women national team coach, Pia Sundhage, has declined Super Falcons job on the premise that she is “not good enough” to handle African champions, as her team sweat to know if it will qualify for the knockout rounds of the Women’s World Cup.
AfricanFootball.com first reported that top officials of the Nigeria Football Federation were considering Sundhage to take over the Falcons after it crashed at the World Cup in Canada under the watch of Edwin Okon. Read more
Amuneke Warns Eaglets against Abandoning Education
Golden Eaglets’ Head Coach, Emmanuel Amuneke, has told aspiring youngsters desirous of playing football not to abandon their education, likening playing football without education to drinking tea without sugar.
Throngs of Nigerian kids have been showing their velvet skills at the NFF/ FIFA Goal Project Pitch in Abuja in the last few days as the Golden Eaglets’ technical crew continued their search for more talented stars to beef up the team ahead of the 2015 FIFA Under-17 World Cup to be held in Chile between October 17 and November 8. Read more
Electricity hike ‘would spur SA inflation’
South Africa’s headline inflation could rise by half a percentage point over the next 12 months if power utility Eskom’s request for a 25-percent increase in electricity tariffs is granted by the energy regulator, Reserve Bank Governor Lesetja Kganyago said on Thursday.
“We have analysed a number of scenarios on the inflation forecast. A scenario where the full 25-percent increase is granted to Eskom would increase inflation over a year by about 0.5 percentage points,” Kganyago told an economic conference in Johannesburg. Read more
129 children killed in South Sudan fighting last month, UNICEF says
At least 129 children were killed, with boys castrated and girls raped, during a government offensive against rebels last month in South Sudan, according to the U.N. children’s agency.
South Sudanese military spokesman, Col. Philip Aguer, on Thursday questioned the credibility of the report, saying it is not in South Sudanese culture to commit such atrocities and has called for a full investigation. Read more
SA boys saved from forced circumcision
South African police have rescued 11 teenage boys from forced circumcision, officials said Thursday, after parents reported that the youngsters had been taken away for the traditional but often dangerous ritual.
African teenagers from some ethnic groups often spend time in secluded bush or mountain regions as part of their initiation to manhood, which includes circumcision and lessons in courage and discipline. Read more
Egypt court confirms Morsi’s death sentence over jailbreak
An Egyptian court on Tuesday confirmed a death sentence against ousted president Mohamed Morsi over mass jailbreak during the 2011 uprising, state-run Nile TV reported.
Another five members of the outlawed Brotherhood, including Mohamed Badie, general guide of the group, were handed the same death verdict. Read more
Four Soldiers Killed in Al-Shabaab Attack in Somalia
Four soldiers were killed and six others injured in an attack by Al-Shabaab in Somalia’s Gedo region.
The offensive began after the militants attacked positions of government forces in the region’s Ged-Wayn district on Thursday, Xinhua quoted a local official as saying. Read more
Mali close to peace deal after militia leaves key town
Mali’s warring factions look close to signing a landmark peace deal to end years of unrest after pro-government militia leaders agreed to evacuate a flashpoint town and the government dropped arrest warrants for several rebels.
“After talks with mediators and partners, we the GATIA (a pro-government militia) have decided to facilitate the process of pulling out from Menaka,” the group’s general secretary Haballa Ag Hamza told AFP, adding that the withdrawal will start on Friday. Read more
UN to launch fresh Yemen aid appeal amid worsening humanitarian crisis
The United Nations is set to launch a renewed appeal for funds on Friday to help civilians in Yemen, as a growing humanitarian crisis spirals out of control and a massive aid pledge by Saudi Arabia fails to materialise.
Yemen is reeling from the effects of a blockade imposed by a Saudi-led coalition, which launched an aerial campaign in March to stem the advance of Houthi rebels allied with Iran. Read more
Israelis watch intently as Syrian rebel forces approach Golan Heights border
The top of Mount Hermon bristles with the golfball antennae, surveillance masts and bunkers that make up Israel’s northernmost intelligence base. Damascus is a blur in the distance, but the villages on the edge of the Golan Heights are easily visible below, deceptively peaceful in the afternoon sun.
Perched on the windswept 6,500 ft peak, the Israeli army has a bird’s eye view of what is happening as Syria disintegrates. Hadr, a pro-regime Druze village, fell to rebel fighters on Wednesday. Nearby Jubata al-Khashab is held by loyalist forces. Jabhat al-Nusra, the Syrian branch of al-Qaida, is advancing. Read more
Haitians Booted From Dominican Republic Uncertain of Future
Saint-Soi Souverin sat on a bench resting and thinking about his plight after being uprooted from his longtime home on the other side of the border in the Dominican Republic, far from the Haitian shelter where he is staying.
Dominican authorities deported the 35-year-old farm worker along with his wife and four children early this week, leaving Souverin to ponder what he will do in Haiti — a deeply poor country that he left at age 17 to find work in the relatively more prosperous Dominican Republic. Read more
India toxic alcohol kills 13 in Mumbai
At least 13 people have been killed after consuming toxic alcohol in India’s western city of Mumbai (Bombay), local police say.
They say residents of a slum in the Malad area fell ill after drinking the alcohol on Thursday. Read more
Malaysian hijacked oil tanker rescued, pirates flee
Pirates who hijacked a Malaysian oil tanker last week have fled on the ship’s lifeboat after being pursued by a Malaysian navy ship, officials said Friday.
Navy chief Abdul Aziz Jaafar said the eight pirates, believed to be Indonesians, abandoned the MT Orkim Harmony late Thursday. All 22 crew members were safe, except for an Indonesian cook who was shot in the thigh, Abdul Aziz tweeted. Read more
Korea MERS outbreakclaims 24th victim
South Korea on Friday reported its 24th death from the MERS virus and one new case as its battle to contain the outbreak appeared to be paying off.
This brought to 166 the total number of confirmed cases since the first one was diagnosed on May 20, the health ministry said. Read more
First MERS case in Thailand as South Korea infection rate slows
Authorities in Thailand have confirmed the first case of MERS in South East Asia.
A 75-year-old man from Oman has tested positive for the syndrome in Bangkok, after arriving in the country for treatment for a heart problem. Read more
MERS Virus Spread: One Dead, One Newly-infected in UAE
A MERS patient died in the capital of the United Arab Emirates, while another was discovered to be infected with the virus, a media report said.
The local health authority here said the patient, who died on Thursday, was a 65-year-old UAE national, while the other, whose nationality was not released, remains under observation, Xinhua reported, citing the local WAM news agency. Read more
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