Sabinews Morning News Update for November 3, 2015
EFCC Declares Former Pension Boss, Maina Wanted
The Economic and Financial Crimes Commission, EFCC, yesterday, declared former chairman of the Pension Reform Task Team, Abdulrasheed Maina, wanted for his role in some contracts while he served in the team.
The commission, in a statement by its spokesperson, Wilson Uwujaren, said Maina is wanted for his role in the fraudulent biometric contracts through which himself and former Head of Service, Steve Oronsaye and two others allegedly stole over N2billion of pension funds. Read more
PDP Rejects Borno By-election Result
The Peoples Democratic Party (PDP) has denounced the outcome of the Borno Central senatorial by-election in which the candidate of the All Progressives Congress was declared winner.
As a fallout to the open manipulations of last Saturday’s Borno Central senatorial by-election, the PDP has charged its members and supporters to be on the alert and ready to defend votes in forthcoming elections, especially the November 21 and December 5 governorship elections in Kogi and Bayelsa States respectively. Read more
Mother of Sylva’s Running Mate Dies In Kidnappers’ Custody
The abducted centenarian mother of Elder Wilberforce Igiri, the running mate to the flag bearer of the All Progressives Congress (APC), Chief Timipre Sylva in the forthcoming governorship election in Bayelsa State has been confirmed dead in the den of her kidnappers.
Madam Ebifeghe Dikoro, was kidnapped by gunmen on Thursday, October 29, 2015, at her home in Foropa community, Southern Ijaw local government area of Bayelsa State. Read more
MTN Group CEO Arrives Nigeria to Negotiate with FG on N1trn Fine
MTN Group CEO Sifiso Dabengwa has arrived in Nigeria to negotiate with the Federal Government over the N1.04trn fine imposed on the telecom firm by the Nigerian Communications Commission (NCC) ) for violating its directive on SIM deactivation.
Dabengwa, who led a powerful team from South Africa, is currently in Abuja where he will be engaging Nigerian authorities concerning the company’s fine. Read more
Two Soldiers, 11 Suspected Boko Haram Fighters Killed in Chad Attacks
At least two soldiers and 11 militants were killed in suspected Boko Haram attacks on two remote military posts in the Lake Chad Area, Chad’s government and military sources said.
Chad is at the forefront of a regional effort to counter the terror group which controls small enclaves in remote parts of neighbouring Nigeria’s North-east from where it launches cross-border raids. Read more
Tension Grips Abia as Ikpeazu, Otti Know Fate Tuesday
The political temperature in Abia State rose sharply monday as news filtered that the governorship election petition tribunal sitting in Umuahia would deliver its verdict today.
The petition filed by the governorship flag bearer of the All Progressives Grand Alliance (APGA), Mr. Alex Otti, challenging the election of Governor Okezie Ikpeazu of the Peoples Democratic Party (PDP) is the only case for determination. Read more
S/Africa Exchange Re-opens Trading On MTN Shares
In a rather bizarre non-event, trading in MTN shares was suspended for a little over two hours on the Johannesburg Stock Exchange (JSE) yesterday pending an announcement from the company. Trading, however, resumed in the early afternoon with the market having actually learnt nothing new.
The JSE made an announcement at 11:23am that it had halted all trading in MTN shares, with John Burke, director, Issuer Regulation, noting that trading would resume “as soon as MTN Group has issued a SENS announcement.” Read more
Flood, bad roads ravage Imo communities
Ifakala and Nkalu autonomous communities in Mbaitoli Local Government Area of Imo State have been participating actively in the development of the state. They solidly supported former governors Achike Udenwa and Ikedi Ohakim’s administrations. They also played active roles in the emergence of Governor Rochas Okorocha and other elected candidates from the area, and have not ceased to show them their support.
Yet the communities say they have nothing to show for their past support in terms of infrastructural development and appointment into key positions in the state. They insist they don’t have any accessible roads and that they are ravaged by flood and erosion. Read more
Police nab robbers in Abuja, recover cars
The Police in Federal Capital Territory have arrested two members of an armed robbery gang, which killed six persons and snatched two vehicles during an attack on Pyakasa, a suburb located along Airport Road, Abuja.
Two vehicles, a Toyota Venza and Mercedes ML, were recovered, while the two robbers were arrested in different parts of the FCT an hour later. Read more
Soldiers assault journalist over right of way
Unidentified soldiers have beat up Aba correspondent of the News Agency of Nigeria, Ijendu Iheaka, over right of way.
Trouble started for Iheaka who was on his way to an assignment at Umuode area of the city when he came face to face with a group of soldiers in a patrol van, marked Army 014, at a muddy portion of the road, close to Winners Church, along the Enugu-Port Harcourt expressway. Read more
Non-oil export revenue plunges to $391m
The Nigeria Export Promotion Council (NEPC) has painted a gloomy picture of the revenue accruable from the non-oil sector, with the earning dropping from $652 million to $391 million within the last four months of 2015.
The slide represents a 39.25 per cent loss in the second quarter of 2015. Read more
World Bank to boost Nigeria’s irrigation with N100bn
The World Bank has concluded plans to assist Nigeria boost irrigation activities with about N100 billion.
Speaking while paying a courtesy visit to the Managing Director of the Sokoto Rima River Basin Development Authority, National Coordinator, Transforming Irrigation Management in Nigeria, Peter Yakubu, said over 23,000 hectares of irrigable land are expected to be cultivated at the end of the project. Read more
Oil Price Crash Compels Nigeria, Others to Revise Fiscal Terms
A new report by Wood Mackenzie has stated that the slump in the price of crude oil has accelerated the need for Nigeria and other sub-Saharan African countries to carry out a review of fiscal terms, as they prepare to adjust to significant reductions in tax revenue.
According to Wood Mackenzie, the percentage of government share in hydrocarbon profits across sub -Saharan African countries (onshore 66.1 per cent; shelf 60.5 per cent; deepwater 61.6 per cent) is higher than the global average (onshore 57.6 per cent; shelf 58.3 per cent; deepwater 57.8 per cent) despite the challenges companies face operating in the region. Read more
Experts seek new policies for economic growth
Economic and financial experts have emphasised the need for Nigeria to revisit her economic policies, especially in the wake of low oil price and rising threats from declining revenue.
The experts, who converged on Lagos recently at the annual 2015 FBNQuest Investor Conference, said this was imperative in order to move the economy to the next level. Read more
Oil and Gas
Navy changes tactics against oil thieves, pirates
The Nigerian Navy said it had adopted a new training regime that would improve troop’s proficiency in internal security operations in the country.
The Flag Officer Commanding, FOC, Naval Training Command, NAVTRAC, Rear Admiral Adeniyi Osinowo, said this while on two-day familiarisation tour of navy training schools in Onne, Rivers State. Read more
IOCs to Domicile Research and Development in Nigeria
In line with the provisions of Sections 37 to 39 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, which mandates the Nigerian Content Development and Monitoring Board (NCDMB) to regulate Research and Development (R &D) activities in the oil and gas industry, the International Oil Companies (IOCs) will soon be mandated to domicile all R & D activities within the country, THISDAY checks have revealed. Read more
Arco Vs Agip: Exploring possibilities of outside court settlement
Last Monday, a civil suit instituted by an indigenous oil service company, Arco Group, against the multinational oil giant, Nigeria Agip Oil Company, NAOC, came before Justice Lambo Akanbi of the Federal High Court, Port Harcourt, Rivers State.
During the proceedings, parties in the case tried in their arguments to persuade the court to accept their different positions on whether or not the defendants, particularly, Agip Oil, had the right to present its case before the court when it was yet to file a memorandum of appearance which is precedence to its appearance. Read more
Nigeria loses 50% of power capacity – Envoy
A recent report has indicated that Nigeria loses about 50 percent of its generation, transmission and distribution due to ageing infrastructure.
In a document made available to Sweetcrude, the Coordinator, Nigerian-German Energy Partnership, Dr. Jeremy Gaines, said: “No sector in the world can operate with a loss rate of nearly 50 percent. Were these losses only to be halved, there would be substantially more revenue for the sector (Gencos, Discos), which could translate into investments and less pressure on government to subsidise the inefficiencies.” Read more
Power Supply: N39bn Debt Threatens Operation of Egbin Power Plant
The Chairman of Egbin Power Plc, Mr. Kola Adesina, monday raised the alarm that a debt of N39 billion owed the Egbin Power Station for the power it generated into the national grid since November 1, 2013 to date has created liquidity crisis that is hampering optimal operation of the plant.
He said this situation has hampered the efforts of the owners of the plant to boost electricity generation in the country. Read more
Agip Restates Commitment to Early Completion of Okpai Phase 2 Project
The Nigerian Electricity Regulatory Commission (NERC) said it has obtained firm commitment from the Nigerian Agip Oil Company (NAOC) that it would start work on the second phase of its 480 megawatts (MW) Okpai power plant in Delta State.
NAOC’s Okpai power plant currently generates 480MW into the national grid, but its Managing Director, Mr. Massimo Insulla reportedly told NERC that work on the second phase of the plant would commence soon. Read more
Nigerian Players Missing As CAF Unveils Top 10 Players
Clearly, there were Nigerian footballers – both home-based and international – on the lists as the Confederation of African Football (CAF) in Cairo yesterday announced the top 10 nominees for the 2015 African Player of the Year and the 2015 African Player of the Year (players who are based in Africa) in the Glo-CAF Awards. Read more
Swaziland, Nigeria World Cup Qualifier: Oliseh arrives Sunday with five pros
Super Eagles coach, Sunday Oliseh is expected to arrive Nigeria from Belgium on Sunday (November 8) where he has been recuperating from a viral infection. The Eagles coach will fly in with five of the foreign-based players invited for the 2018 World Cup qualifier against the Sihlangu Semnikati Swaziland on November 13, an official of the Nigeria Football Federation (NFF) has said.
The official who refused to disclose the names of the players hinted that the six home-based players invited by the coach will also hit the team’s Abuja camp on the same day. Read more
Seven families leave Ifo camp, head to Somalia
Seven families from the Ifo Refugee Camp left for Mogadishu, Somalia, yesterday morning. Interior Cabinet Secretary Joseph Nkaissery saw off the 41 Somalis at the Dadaab Airstrip.
He was with Garissa Township MP Aden Duale, Northeastern regional coordinator Mohamud Saleh and United Nations High Commissioner for Refugees officials. Read more
Teacher in rape saga to remain in custody
A teacher accused of raping a student at the Highridge Girls Secondary School will remain in remand.
The High Court cancelled his bail. Read more
South African newspaper pulls ad about Hamas, says Jewish group
The South African Zionist Federation (SAZF) on Monday said that the country’s Sunday Times newspaper had cancelled an advertisement revealing the truth about Hamas.
The group posted on its Facebook page that the advertisement was paid for and was supposed to appear in the newspaper this week. Read more
Libyan Islamists threaten to help migrants to Europe in hired boats
Libya’s self-declared Islamist government has issued a veiled threat to send “hundreds of thousands” of extra migrants to Europe if Brussels does not recognise it.
Officials say they could hire boats to send large numbers of Africans across the Mediterranean, massively adding to the numbers already reaching Europe’s borders. Read more
Oscar Pistorius prosecutors ask appeal court to convict him of murder
South African paralympian Oscar Pistorius, released on house arrest last month after serving a fifth of his prison term for killing his girlfriend, faces years more in jail if state lawyers can get his conviction scaled up to murder from culpable homicide.
Prosecutors will argue before the supreme court that a high court judge was wrong to let Pistorius off the more serious charge after he fired four shots through a door on Valentine’s day 2013, killing Reeva Steenkamp. Read more
China forex regulator tells staff to take graft fight seriously
China’s foreign exchange regulator has urged its officials to take seriously the ruling Communist Party’s fight against corruption and follow rules closely, the regulator said in a statement released by the country’s graft watchdog on Tuesday.
Dozens of senior Chinese officials have been investigated or jailed in a sweeping crackdown on deep-rooted graft launched by President Xi Jinping since he took over the party’s leadership in late 2012, and the presidency in 2013. Read more
Former senior Chinese official jailed for 12 years for graft – CCTV
A Chinese court has sentenced a former top aide to the country’s disgraced security chief Zhou Yongkang to 12 years in prison for corruption, state broadcaster China Central Television (CCTV) reported via its official microblog on Tuesday.
Li Chongxi, once the top political adviser in the southwestern province of Sichuan, one of Zhou’s old strongholds, was indicted on corruption charges in April. He is among a slew of former Zhou allies to face punishment for graft amid a sweeping anti-corruption campaign by the ruling Communist Party’s leadership. Read more
Ireland Plans to Set Up Heroin Injection Centers
Ireland will institute dedicated heroin injection centers to provide drug users with a safe and supervised environment for consumption, the country’s drugs minister said on Monday.
The Irish government is planning legislation that will allow the injection rooms to become operational by early next year, Aodhan O Riordan, the minister tasked with drug strategy, told AFTP. Read more
Amnesty: Shell Cleanups of Oil Spills in Nigeria a Cover-Up
Amnesty International says oil giant Shell’s claims of cleaning up spills that have destroyed the livelihoods of hundreds of thousands of Nigerians are “false.”
A report issued Tuesday quotes one contractor as saying his clean-up was “a cover-up.” Read more
UN officials: 2 US contractors detained at Yemen airport
United Nations officials say two American contractors have been detained at the airport in Yemen’s capital, Sanaa, which is controlled by Shiite Houthi rebels.
The officials spoke on condition of anonymity Monday because they were not authorized to speak publicly. Read more