Sabinews Morning News Update for May 10, 2015
N1bn bounty still on Shekau — US
The United States is still maintaining the $7 million (N1.4 billion) bounty it placed on the leader of the Islamic sect, Boko Haram.
The US Department of State on Wednesday issued a list of 71 most-wanted terrorists in the world with bounties totalling $375m (N74.6bn) as “rewards for information that leads to (their) arrest or conviction.” Read more
Yobe tests returnees for HIV
The Yobe State Agency for Control of HIV/AIDS on Saturday commenced HIV/AIDS screening for over 4,000 Nigerian returnees from Niger Republic, who fled at the wake of insurgency.
Farida Mamudo, Executive Director of the agency, said the agency found it necessary to establish returnees HIV status to check the spread of the virus. Read more
Buhari congratulates PM David Cameron
Nigeria’s President-elect, General Muhammadu Buhari, yesterday, congratulated the Prime Minister of Britain, Mr. David Cameron, on his reelection in the just concluded elections.
In a statement from his media team in Abuja yesterday, Buhari said he looked forward to working with the British government led by Cameron in many respects, after he has assumed office in Nigeria on May 29. Read more
FAAN denies granting unauthorised N1 billion waivers
The Federal Airports Authority of Nigeria (FAAN) has cleared the air over irregularity in the appointment of its Director of Finance, Mr. Tochukwu Bede Uchendu, affirming that he was not sacked by the Minister of Aviation, Chief Osita Chidoka over granting of unauthorised waivers worth over N1billion.
The Authority said Uchendu was only asked to wait for conclusion of all formalities in line with due process for his appointment to be regularised. Read more
Sanusi applauds el-Rufai’s election
Former Governor of the Central Bank of Nigeria and Emir of Kano, Alhaji Muhammadu Sanusi II, said on Saturday in Kaduna that for electing a former Minister of the Federal Capital Territory, Malam Nasir el-Rufai, the people of the state had chosen a competent leader.
Sanusi led the Kano Emirate Council to congratulate el-Rufai, who he described as “competent and capable” over his electoral victory at the April 11 governorship election in the state. Read more
Tribunal Grants APC Candidate’s Prayer to Inspect INEC Documents
The petition filed by the candidate of the All Progressive Candidate, Akwa Ibom North West Senatorial District, Chief Inibehe Okori, received a boost at the weekend as the National and State House of Assembly Election Petition Tribunal sitting in the state granted a motion for the inspection of documents used by the Independent Electoral Commission (INEC) in the conduct of the election.
The APC senatorial candidate is in the tribunal to challenge the declaration of the candidate of the Peoples Democratic Party (PDP), Chief Godswill Akpabio by INEC as the winner of the March 28, 2015 senatorial election in the district. Read more
PDP governors split over Muazu
The agitation for resignation of the Peoples Democratic Party (PDP) National Chairman, Mallam Adamu Muazu, has polarised the party’s governors.
Several PDP Northern governors have thrown their lot with the embattled party boss. Read more
Dollarisation Of Economy Unabated, Despite CBN’s Warning
Despite the warning by the Central Bank of Nigeria (CBN) against the dollarisation of the Nigerian economy, many institutions still indulge in foreign currency payment for services and sales in some super stores.
The CBN had last month said it would not hesitate to invoke relevant sections of its enabling act on anyone caught flouting the directive, which specifically made it a punishable offence for anyone to pay or collect Dollar for any service or product within the country. Read more
10 Top Brokers’ Transactions Hit N129 Billion in April
As capital market operators savour the euphoria of the modest improvement in performance indicators of the Nigerian Stock Exchange for the month of April, the NSE has put the total value of the 10 top stock-broking firms in the period at N128.609 billion, representing 61.90 per cent of the total transactions.
Nigerian equities were said to have recorded average gain of more than 9.3 per cent in April as turnover as the Nigerian Stock Exchange (NSE) swelled to N103.5 billion within the period. Read more
‘Biometric Verification Number Project to Check Forex Fraud’
With just two months to the expiration of the deadline on the on-going biometric Verification number initiative of the Central Bank of Nigeria and the Bankers Committee, operators say the exercise will boost the war against foreign exchange fraud, among other vices.
One major issues confronting the nation’s banking sector is foreign exchange fraud. Read more
Quoted Companies in Season of Lower Numbers
The declining performance of few quoted firms which have so far made their first quarter results available to the Nigerian Stock Exchange has underscored the urgency of the need for private sector players to re-order their priorities.
From whichever angle one wants to view the performances of the conglomerates and other key quoted companies in the first quarter of the year, there is certainly little to cheer about considering the dwindling performance posted in the period under review in contrast to a season of modest gains in the same period of last year. Read more
Oil and Gas
Navy reads Riot Act to ship operators on crude oil theft
Chief of Naval Staff, Vice Admiral Usman Jibrin, has given an order to officers and personnel of the Nigerian Navy to arrest and impound locally-owned or foreign ship that are ladened with stolen or contraband goods along the Calabar waterways and its environs.
Vice Admiral Usman dropped the warning yesterday in Calabar at the official opening of a three blocks of 15 classrooms built by Nigerian Navy Officers’ Wives Association (NOWA) at Atimbo Navy barracks secondary school in Calabar. Read more
Subsidy fears may prolong fuel scarcity
Worse days may be ahead for Nigerians in respect of the current fuel shortage as international traders and local marketers back away from imports over fears that the incoming government will halt costly subsidy payments.
The federal, state and local governments are so cash strapped that the federal government had to borrow over N400million to pay its workers. Read more
Privatisation of PHCN a fraud, electricity workers tell Buhari
In apparent response to the statement made by the out-going minister of power, Professor Chinedu Nebo, on the need for the in-coming administration not to tamper with the privatization of the power sector, electricity workers in the country have demanded a thorough review of the privatization of Power Holding Company of Nigeria, PHCN, alle-ging that the privatization project was fraught with irregularities.
The workers further alleged that the privatisation exercise had made electricity generation and consumption in the country ineffective. Read more
Emordi under fire, gets sack notice
The coach of Nigeria premier league side, Kano Pillars, Okey Emordi has been given the herculean task of wining his next four matches or face severe penalty from his employer.
The club management yesterday issued the soccer tactician and members of his technical crew with the ultimatum, urging them to change tides of results recorded in their last three matches or be ready to exit from the club. Read more
Manu:I have my final World Cup squad
Flying Eagles coach Manu Garba has disclosed he has a clear idea of the 21 players he will take to the U-20 World Cup in New Zealand later this month.
“I am fully clear on my final squad for the World Cup, but that is not to say there could not be one or two gate crashers,” said Manu. Read more
Keshi wary of Chad
Nigeria head coach Stephen Keshi revealed his side will not be taking Chad lightly when the sides clash next month in a 2017 Africa Cup of Nations qualifier.
Keshi, who controversially signed a two-year extension to his contract with the Nigeria Football Federation recently, says he has learned from his past mistakes and will not underestimate any of their opponents. Read more
Okagbare: I did not ask Ogba for money
African double sprint champion, Blessing Okagbare is still holding a smoking gun as words continue to trail Nigeria’s acrimonious campaign at the IAAF World Relays in Bahamas. Okagbare stated yesterday that she never asked Athletics Federation of Nigeria president Solomon Ogba for money.
Chief Ogba was quoted in a report as saying that Okagbare demanded for money and it was not given hence her protestations. Read more
Saudi-led forces target former Yemeni president’s house in Sanaa
Saudi-led forces conducted air raids at dawn on Sunday in the Yemeni capital Sanaa targeting former President Ali Abdullah Saleh’s house, sources in his political party and residents said. Read more
Nuclear power plant in New York ‘stable’ after fire
A nuclear power reactor in upstate New York was shut down on after a transformer fire, but officials said the Indian Point plant was stable and there was no threat to residents nearby, Reuters news agency reports.
People in the area reported an explosion and smoke coming from the plant but the U.S. Nuclear Regulatory Commission (NRC) said the fire had been quickly extinguished. Read more
Wall Collapse in Eastern China Kills 10 Workers
Ten workers were killed after a retaining wall under construction suddenly collapsed in the eastern province of Shandong, authorities said Sunday.
Six people were killed on the spot, and four others died in the hospital, according to a statement posted on the Lanling municipal government’s website. Three others were in stable condition. Read more
Cuban President Raul Castro to visit Pope Francis
Cuban President Raul Castro will be received in private audience by Pope Francis at the Vatican on Sunday morning.
The pope played a key role in the recent diplomatic rapprochement between the United States and Cuba.
President Castro is stopping off as he returns from Russia’s victory day parade and wishes to thank the Pope for his help, according to Vatican radio. Read more
Boy, 6, dies and two other children injured in Western Australia rally crash
A six-year-old boy died and two other children were seriously injured when a car ploughed into a crowd of spectators at a rally in Western Australia on Saturday.
The crash happened at an event in Donnelly River, in the state’s south-west, when a man in his 40s lost control of his car on a bend and slid through temporary barriers into the crowd. Read more
Egyptian court sentences Mubarak and sons to three years in jail for corruption
An Egyptian court sentenced former president Hosni Mubarak and his two sons to three years in jail without parole on Saturday in the retrial of a corruption case, although the trio is unlikely to go to jail again.
Mubarak, who ruled Egypt with an iron fist for 30 years, and his sons Gamal and Alaa already spent at least three years each in prison for other cases, so will probably not have to serve out the sentence. Read more
Liberia declared free of Ebola
Slightly more than 13 months since Liberia’s first case of Ebola, the West African nation has been declared free of the deadly disease, 42 days after the burial of the last victim on March 28.
In the world’s worst outbreak since Ebola’s discovery in 1976, more people died in Liberia than any other nation, as the disease swept through densely populated neighbourhoods of Monrovia, the capital. Read more
Follow us @sabinewsnaija