November 24, 2017

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*I will sign 2017 budget when satisfied with content – Osinbajo *Buratai’s alert: UK, Ohanaeze, ACF, PDP warn soldiers against coup

*I will sign 2017 budget when satisfied with content – Osinbajo *Buratai’s alert: UK, Ohanaeze, ACF, PDP warn soldiers against coup

SABINEWS MORNING NEWS UPDATE FOR MAY 18, 2017

 

I will sign 2017 budget when satisfied with content – Osinbajo

Acting President Yemi Osinbajo will assent to the 2017 budget when he is satisfied with the content, his spokesperson said on Wednesday, in apparent reaction to a report that Information Minister Lai Mohammed said the government was unsure of who to sign the budget.

Earlier on Wednesday, Vanguard newspaper had published a report entitled: “We don’t know who will sign 2017 budget – Lai Mohammed.”

“It’s absolute rubbish,” said Mr. Mohammed, dismissing the report when contacted by PREMIUM TIMES. Read more

Buratai’s alert: UK, Ohanaeze, ACF, PDP warn soldiers against coup

Regional bodies, the Peoples Democratic Party, civil rights groups and a Senior Advocate of Nigeria among others, on Wednesday, urged military officers and other individuals toying with the idea of a coup in Nigeria to perish the thought.

Among those that condemned the alleged plot of a military intervention are the United Kingdom Government; the umbrella body for the North, the Arewa Consultative Forum; the Igbo socio-political organisation, the Ohanaeze Ndigbo; and a prominent lawyer, Alhaji Yusuf Ali (SAN). Read more

Boko Haram’s actions delay return of IDPs to Borno, says Shettima

The planned return of 1.8 million internally displaced persons (IDPs) to the liberated communities in Borno State, would be delayed until after the Ramadan.
Governor Kashim Shettima disclosed this yesterday in Bama, while commissioning 12 renovated public structures and council secretariat, in partnership with Victims Support Fund (VSF).

He said: “We had to reschedule the return of the displaced persons to Bama, despite the fact that 70 per cent of the destroyed houses and public structures, had been rebuilt by the VSF and the Ministry of Reconstruction, Rehabilitation and Resettlement (RRR). Read more

For Makarfi’s PDP, a devil’s alternative to stay afloat

Last Tuesday’s statement from the leadership of the Ahmed Makarfi faction of the Peoples Democratic Party (PDP) directing its members to use alternative platforms in seeking elective offices has not only shown the depth of its frustration on the crisis rocking the opposition party but also exposed the fluidity of Nigeria’s political party system.

The country’s political parties, having lost their individual ideological characteristics and unique manifestoes over the years, have become so identical that movement across platforms has become the pastime of desperate politicians who are always in search of any platform to fulfill political aspirations. Read more

Presidency Confirms Release Of Another Chibok Schoolgirl

Acting President Yemi Osinbajo yesterday confirmed that another Chibok schoolgirl has been found, barely 12 days after the release of 82 of the abducted girls by their captors.

Special adviser to the president on media and publicity, Femi Adesina, who made this known to State House correspondents in Abuja yesterday said the recovery of the girl was announced by the acting president during the Federal Executive Council (FEC) meeting. Read more

Wike cautions against assigning soldiers to politicians

Rivers State Governor, Nyesom Wike, has urged the Army High Command to desist from posting soldiers to politicians, saying it is counter-productive and a threat to national security.

He said it was a misnomer for the command to post battalions of soldiers to politicians.The governor said this yesterday during the flag-off of the construction of the Old Aba Road by Mbano junction in Oyigbo Local Council of the state. Read more

We’ll ensure youths are included in leadership, politics — DOGARA

Speaker of the House of Representatives, Mr Yakubu Dogara, has  assured that the House was committed to passing the #NotTooYoungToRun# bill to lower the age requirements for elective offices to ensure youth inclusion in politics.
Read more

Edo jobs verification: Applicants express satisfaction with process

Registered applicants and observers of the ongoing Edo jobs initiative have expressed excitement over the smooth and transparent process of the ongoing verification exercise for prospective officers of the State Traffic Control and Management Agency in Benin City, the state capital. This came as the screening and verification process of the week-long exercise reached its third day yesterday.
Read more

Labour decries increasing de-industrialisation in Nigeria

ORGANISED Labour has decried the rate of de-industrialisation in Nigerian economy, lamenting that the manufacturing continues to decline faced with the challenge of inadequate power supply, high cost of credit, inadequate foreign exchange supply and depreciating value of the naira. Speaking, President of Nigeria Labour Congress, NLC, Ayuba Wabba, noted that “this trend needs to be reversed with a focus on key areas of the economy such as automobile, textile, petrochemical, agro allied, refineries, fertilizer and pharmaceutical industries. Read more

Pathologist says Isiaka Adeleke died of drug overdose

The late Senator Isiaka Adeleke died as a result of aspiration of gastric contents due to multiple drug overdoses.The leader of a team of pathologists who conducted an autopsy on him, Dr. Taiwo Olufemi Solaja disclosed this yesterday.

The pathologist made the disclosure at the resumed proceeding of the Coroner Inquest raised by the Osun State government to probe the death.Solaja also ruled out the element of poison in the politician’s death. Read more

Take decisive action against killer herdsmen, lawmaker tells Osinbajo

A member of the House of Representatives, Nicholas Ossai yesterday urged Acting President, Prof. Yemi Osinbajo to take decisive action against armed herdsmen responsible for the death of hundreds of Nigerians.

Ossai, who represents Ndokwa federal constituency in Delta State said the Acting President requires strong political will to make a difference in efforts to tackle the menace of killer herdsmen in the country. Read more

CBN releases list of 36 items valid for access to forex

The Central Bank of Nigeria yesterday released list of 36 items valid for access to foreign exchange in the foreign exchange market.  In a circular to all banks and the general public yesterday the CBN said that the list of the 36 items valid was released to clarify misconceptions about details of the 41 items banned from accessing dollars in the foreign exchange market.
Read more

32 States Not Fully Committed to Malnutrition Treatment, Says UNICEF

With two million children still suffering from acute malnutrition in Nigeria, the United Nations Children’s Fund (UNICEF) has lamented that 32 states are not fully committed to child malnutrition treatment in the country.

The United Nations agency wednesday at a media dialogue, it organised with the Child Rights Information Bureau of the Federal Ministry of Information and Culture in Yola, said only four states, Kaduna, Gombe, Bauchi and Sokoto contributed fund in 2016 towards the purchase of Ready-to-Use-Therapeutic Food (RUTF), the major intervention for severe acute malnutrition. Read more

Court remands two whistle-blowers in prison

Federal High Court in Maiduguri has remanded two whistle-blowers, Buhari Fannami and Ba-Kura Abdullahi, in prison pending their trial for allegedly giving wrong information.

The two suspects were arraigned on a one-count charge before Justice M.T. Salihu by the Economic and Financial Crimes Commission (EFCC) for alleged abuse of the whistle-blowing policy.

A statement by the EFCC’s Head of Media and Publicity, Mr. Wilson Uwujaren, said Fannami misled the EFCC with the information about illegally acquired money purportedly buried at the residence of Ba’a Lawan. Read more

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FG Partners UK Varsity to Provide Health Package for the Aged

The Minister of Health, Prof. Isaac Adewole, has said the federal government and the Birmingham City University, United Kingdom, are partnering to provide healthcare package and safety net for the aged population in the country. Adewole disclosed this yesterday in Abuja when a three-man delegation from the university led by Prof.Hafiz Khan paid him a courtesy visit to present a proposal on how to improve quality care for the aged population. Read more

Dangote, Adenuga, others can end poverty in Nigeria – Oxfam

Oxfam International on Wednesday in Abuja unveiled its ‘Inequality in Nigeria’ report, which revealed the harsh economic reality in a country where 112 million citizens live in abject poverty, stating that the combined wealth of five of her richest citizens, put at about $29.9bn, could end extreme poverty in the nation.

Quoting Forbes, the agency listed the five richest Nigerians as Aliko Dangote, with a net worth $14.4bn; Mike Adenuga, $9.9bn; Femi Otedola, $1.85bn; Folorunsho Alakija, $1.55bn; and Abdulsamad Rabiu, $1.1bn. Read more

Despite FG’s Refusal to Adopt Zero Based Budgeting, ACCI Says 2017 Budget Will Take Nigeria Out of Recession

In spite of the federal government’s refusal to adopt a zero based budgeting, the Abuja Chamber of Commerce and Industry (ACCI) has expressed optimism that this year’s budget is capable of getting the country’s economy out of recession. The Director General of the Chamber, Mr. Chijioke Ekechukwu made the remark at a press conference in Abuja on Tuesday. Read more

Nigeria’s agric GDP to hit $21trn by 2020

China has reiterated its resolve to partner Nigeria in the implementation of the Economic Recovery Growth Plan (ERGP), especially in the area of agricultural development, saying that it has the capacity to grow the country’s agriculture Gross Domestic Product (GDP) from N16 trillion in 2015 to N21 trillion in 2020.
The revelation made during a one-day China-Nigeria Agricultural Modernisation Cooperation Forum in Abuja indicated that there will be an average annual growth rate of 6.92 per cent (2017-2020). Read more

CBN releases list of items valid for forex

The Central Bank of Nigeria (CBN) yesterday released a list of items that can source foreign exchange (forex) from the market.

The list, sent to all authorised dealers, Nigeria Customs and the public, has 36 categories. It is  endorsed by Director, Trade and Exchange, W.D Gotring. He said the list became exigent following misconceptions and enquiries across market on items that are “Valid for Foreign Exchange”. Read more

Nigeria has good university structure — Prof Yaqub

THE University system in Nigeria has been praised by the Vice Chancellor of Sokoto State University, Prof. Nuhu Yaqub, during his lecture entitled “The Administration and Management of a University in a Recessed Economy: The Case of Nigeria” during the fifth Annual Prof. Adetokunbo Sofoluwe’s Memorial lecture, organised by the University of Lagos Alumni, Lagos State Branch at the University campus, Akoka. Read more

Labour decries increasing de-industrialisation in Nigeria

ORGANISED Labour has decried the rate of de-industrialisation in Nigerian economy, lamenting that the manufacturing continues to decline faced with the challenge of inadequate power supply, high cost of credit, inadequate foreign exchange supply and depreciating value of the naira. Speaking, President of Nigeria Labour Congress, NLC, Ayuba Wabba, noted that “this trend needs to be reversed with a focus on key areas of the economy such as automobile, textile, petrochemical, agro allied, refineries, fertilizer and pharmaceutical industries.  Read more

Why eradicating poverty in Nigeria may be elusive, by Obono

Efforts by governments to eradicate poverty and foster improved socio-economic life of Nigerians may remain a mirage unless an inclusive structural economic redemption strategy is adopted, Professor of Sociology, Oka Martin Obono has said.

He made the assertion yesterday in Lagos at the 20th anniversary public lecture of the Human Development Initiatives (HDI) held at the University of Lagos. Read more

RenCap: Trans Forcados Pipeline Repair May Push Nigeria’s Oil Production to 2mbd

Analysts at Renaissance Capital (RenCap) have projected that the repair of the Trans Forcados Pipeline (TFP) will likely increase Nigeria’s production to about two million barrels per day (mbd).

They stated this in a report at the end of their recently held Annual Pan-Africa 1:1 Investor Conference in Lagos. Read more

Kano fuel depot resumes operation

The Nigerian National Petroleum Corporation on Wednesday announced that it had re-commissioning its Kano depot so as to boost the supply of petroleum products in the northern region.

The Kano depot is part of the NNPC’s System 2D pipeline network, but was knocked down three-and-half years ago by vandals. Read more

Punish legal fees payment defaulters, don says

The Federal Government should sanction any International Oil Company (IOC) that fails to spend 100 per cent of its legal fees in Nigeria, the Head of Department, Energy Law, University of Lagos, Dr Adedayo Ayoade, has said.

He said this had become necessary to ensure compliance with the rules guiding the operation of the sector. Cases abound where firms don’t execute the judgments they receive abroad in Nigeria, he added. According to him, the constitution requires that when cases are executed in a place, judgment should also be delivered and executed in the same area. Read more

Nigeria lost N3.3 trillion oil revenue in 2016 – EIA

The Federal Government recorded a deficit of $11 billion (N3.3 trillion using the official exchange rate of $305 per dollar) revenue from crude oil export in 2016, The Guardian reports.

Specifically, the revenue fact sheet released on Monday by the U.S. Energy Information Administration (EIA), revealed that Nigeria’s crude oil revenue fell from the $37 billion recorded in 2015 to $26 billion in 2016. This comes as Nigeria had already earned $10 billion or N3.05 trillion from oil export between January and April this year, according to the oil and gas revenue fact sheet of the Organisation of the Petroleum Exporting Countries (OPEC). Read more

Nigeria, Morocco seal pact on gas project, fertilizer initiative

The Federal Government and Morocco have sealed pacts to drive the implementation of the gas regional pipeline and fertilizer initiative.According to the Foreign Minister of Morocco, Nasser Bourita who presented the broad guidelines of the projects at the signing of the agreements in Morocco, the shared vision of the two leaders, President of Nigeria, Muhammadu Buhari and King Mohammed VI, the King of Morocco is in favour of a sustainable, active and solidarity based joint development for Africa. Read more

NUPENG faults FG MoU with OANDO on P-Harcourt Refinery

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has expressed concern over a recent Memorandum of Understanding, MOU, entered into by the Federal Government and Oando Plc to manage Port Harcourt Refinery under repair, operate and maintain, ROM arrangement.
Read more

No more France camp for Eagles, team to return May 28

The Super Eagles will no longer camp in France to prepare for their Cameroun 2019 African Nations Cup qualifier against South Africa on June 10, team officials have revealed.

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The senior national team was expected to camp in France and play friendly games against Corsica and Togo before hitting Uyo for the AFCON qualifier against the Bafana Bafana, but that won’t happen as the team is now expected to return to Nigeria on May 28. Read more

Everton Join Borussia Dortmund In Race For Man City Striker Iheanacho

Everton are interested in signing Kelechi Iheanacho from Manchester City when the transfer window opens for business in the coming weeks, according to reports.

The Sun claims that the Toffees are set to launch a shock £20 million summer bid for the Nigeria national-teamer as a possible replacement for Romelu Lukaku, who is on the wishlist of Chelsea and Manchester United. The future of Kelechi Iheanacho at Man City is not certain after falling down manager Pep Guardiola’s pecking order of strikers. Read more

Akwa sign new players, coach targets title

The new players are  former AC Milan  youngster   Harmony Ikande, goalkeeper Olorunleke Ojo, former Super Eagles invitee Gabriel Okechukwu, Akwa Starlet striker Edem Atang and Katsina United midfielder Chris Lolo. The chairman of the club, Mr. Paul Bassey, who unveiled the new players in Uyo on  Wednesday, said they  were recruited to strengthen the team following the injury crisis in  the Premier League side. Read more

Oneya Hails South-south over Reception for Pinnick

Respected former NFA Chairman and former Military Governor of Kano and Benue States, Brig. Gen Dominic Obukadata Oneya (rtd), has hailed the South-south Congress of the Nigeria Football Federation (NFF) and Governor Godwin Obaseki of Edo State over its plans to host NFF President, Melvin Amaju Pinnick, this weekend.

Speaking with the Chairman of Edo FA and Spokesman of the Congress, Frank Ilaboya, Oneya said Amaju is like a son to him and has made him proud and he is personally honoured at the achievement of the young and suave Nigerian football administrator. Read more

Man United boss Jose Mourinho names six reserve players in squad to face Crystal Palace

The Red Devils played out a dull goalless draw with Southampton last night.

Mourinho rested a number of first-team stars with next week’s Europa League final in mind.  And the Portuguese says he will do the same when United host Palace in their final game of the season on Sunday. “Sunday will be a big day for the kids because lots of them are going to play,” he said after the St Mary’s stalemate. Read more

RONALDO ‘LEADS CALLS FOR BALE TO BE BENCHED FOR ISCO’ IN CL FINAL

Gareth Bale has been tipped to return in time for the Champions League final —but reports in Spain suggest his Real Madrid teammates aren’t missing him.

The Welshman hasn’t played since the Clasico defeat to Barcelona after picking up a calf injury.
He is yet to return to training but Real expect him to return in time to face Juventus.
Bale has missed a staggering 27 games this season with the likes of Isco shining in his absence Read more

Jose Mourinho Added Clarity Rather Than Comedy To The Luke Shaw Situation

he tone, presumably, wasn’t intended to be quite so comedic. In the press-conference that followed Manchester United’s draw with Everton, Jose Mourinho seemingly had another rebuke for Luke Shaw, batting away a question about the full-back’s performance with a curious, Mary Shelley-themed diatribe.

So, which parts of himself is Luke Shaw actually in control of? Hark, here comes the mirth: Did you hear what he said? It was another rant? Mourinho’s lost it. Etcetera, etcetera, etcetera. We live in a world of LOLs now and the land of the laugh-crying emoji. Read more

Canada to apologise for past LGBTQ discrimination

The Canadian government plans to apologise to Canadians who have faced injustice because of their sexuality.

A special adviser to Canadian prime minister Justin Trudeau on LGBTQ issues said on Wednesday that the government will acknowledge the role that legislation and policies played in the past discrimination. Read more

Australia: Police smash tax fraud syndicate worth US$123m
SEARCH warrants issued by the Australian Federal Police (AFP) have resulted in the arrest of nine people, the seizure of luxury cars and property, aircraft, guns and AUD15 million in cash – all said to be part of an alleged conspiracy to defraud the government of AUD165 million (US$123 million) in tax.

In what is believed to be one of the largest white collar crimes in the country’s history, six people were charged by the national police with “conspiracy to defraud the Commonwealth” while two men were charged with money laundering offences Read more

Venezuela: Soldiers sent to quell looting amid protests

Venezuela says it is sending 2,600 troops to the western region of Tachira to quell looting and rioting amid continuing anti-government protests.

In the state capital, San Cristobal, most shops and businesses are closed and guarded by soldiers.

Three people, including two teenagers, were killed in Tachira this week. Read more

Japan’s Princess Mako Is Giving up Her Royal Status For Love

Many would dream about living a life of royalty. But could one give it all up for love? That’s what Japan’s Princess Mako is doing right now.

The 25-year-old eldest daughter of Prince Akishino and granddaughter of Emperor Akihito will give up her royal status to marry Kei Komuro — a graduate student who works at a law firm. The Imperial Household says plans for the two to become engaged are currently underway, CNN reported. Read more

Canada foreign minister will visit Mexico to discuss NAFTA talks

Canadian Foreign Minister Chrystia Freeland said on Wednesday she would travel to Mexico next week to discuss renegotiating the North American Free Trade Agreement, which U.S. President Donald Trump says needs major changes.

Freeland also told parliament that Canada wanted all three member nations to be at the table for the formal talks, which she indicated should start later this year.

Canada and Mexico both send the majority of their exports to the United States and could be badly hurt if Trump goes ahead with a threat to rip up the pact unless it is reformed. Read more

A transformative privatisation programme is about to change Saudi Arabia forever – and much of it hinges on the UK

Saudi Arabia is commencing a massive social and economic transformation programme worthy of its status as the largest country on the Arab peninsula – and the fifth-largest in Asia.

While the country’s Vision for 2030 focuses on building a thriving economy, vibrant society, and an ambitious and well-governed nation, the sheer audacity and scale of its plan is unprecedented.

When it comes to totems of epochal change, this is going to be as big as China embracing markets, or the transition economies of Central and Eastern Europe following the collapse of the Berlin Wall.  Read more

 

 

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