Sabinews Morning News Update for May 26, 2015
National Grid Down as 18 Power Plants Shutdown
The Nigerian Electricity Regulatory Commission (NERC) has said 18 power plants out of the 23 plants have shutdown due to shortage of gas supply to them.
In a statement issued in Abuja yesterday, NERC Chairman, Dr. Sam Amadi said the commission noticed with concern the acute shortage in power supply and the attendant hardship Nigerians are passing through. Read more
EFCC to Declare Modu Sheriff Wanted
The Economic and Financial Crimes Commission (EFCC) has disclosed that it will soon declare a former governor of Borno State, Senator Ali Modu Sheriff wanted.
Addressing journalists in Abuja yesterday, the commission’s Head of Media and Publicity, Wilson Uwujaren, said Sheriff refused to honour the invitation for him to appear before the commission was not honoured. Read more
Haliru Bello emerges acting PDP BoT chairman
A former Minister of Defence, Dr. Haliru Bello, on Monday emerged the acting Chairman, Board of Trustees of the Peoples Democratic Party.
Bello, who was also a former acting national chairman of the party, replaces Chief Tony Anenih who resigned from office last week. Read more
Buhari Turns Down Governors’ Ministerial List
Ahead of Friday’s inauguration of President-elect Muhammadu Buhari, there are indications that he may be heading for a collision with the party’s governors over the appointment of ministers in his cabinet.
THISDAY gathered from reliable sources that Buhari has vehemently rejected the ministerial list sent to him by the state governors and the party leadership in the states. Read more
Court Orders Ex-Mint Boss Remanded in Prison Pending UK Extradition
A Federal High Court monday ordered that the former Managing Director of the Nigeria Security Minting and Printing Plc (NSMP) Emmanuel Okoyomon be remanded in prison custody indefinitely.
The court had earlier in its judgment delivered on May 4, 2015, granted the request by the federal government to extradite Okoyomon to face corruption charges in the United Kingdom. Read more
Jonathan Rejects PDP BoT Chairmanship Position
President Goodluck Jonathan monday night rejected the position of the Chairman, Board of Trustees (BoT) of the Peoples Democratic Party (PDP).
Briefing State House correspondents at the end of the meeting held at the Banquet Hall, Presidential Villa, the board’s secretary, Senator Wali Jibrin, said Jonathan declined the offer. Read more
100 Massacred by Suspected Fulani Herders in Benue
What appeared to be a major massacre took place on Sunday in Ukura, Gafa, Per and Tse-Gusa in Ukemgbiraghia Twarev Ward, Logo Local Government Area of Benue State when over 100 persons were killed by suspected Fulani herdsmen.
According to a resident of one of the communities, the suspected Fulani herders dressed in military uniforms, attacked the communities with sophisticated weapons, shooting anyone on sight including women and children. Read more
Thousands of Euros Found on Dead Boko Haram Commander
Thousands of euro currency were found on the body of a terrorist commander after troops successfully repelled a terrorist on Mafa towards the border.
The terrorist who is also an Amir by status and believed to be of foreign descent, is among about 30 terrorist fighters who died in the encounter while many others fled with wounds. Read more
NLC: FG Allowing Fuel Cabal to Hold Nation to Ransom
The Nigeria Labour Congress (NLC) has accused the federal government of allowing certain people it described as a cruel cabal, hold the nation to ransom by their attempt to arm twist the government into parting with billions of dollars in the name of fuel subsidy.
The congress noted that the demands for the billions “which it has not earned” has brought activities in the country to halt. Read more
33 new Sambisa returnees arrive special camp –NEMA
No fewer than 33 people freed recently from Boko Haram camp in Sambisa forest, have arrived in an Internally Displaced Persons (IDPs) special camp established by the National Emergency Management Agency (NEMA).
The North East zone coordinator of NEMA, Alhaji Mohammed Kanar, said yesterday, in Maiduguri that the arrival of the 33 people including women and children has brought the number of IDPs in the camp to 308, adding that 20 of the 33 persons are children, while the other 13 are women. Read more
EFCC Closes Prosecution of Marketer Charged with N963.7m Fuel Subsidy Fraud
The Economic and Financial Crimes Commission (EFCC) monday closed the prosecution of its case against an oil marketer, Rowaye Jubril, accused of N963.7 million fuel subsidy fraud.
The News Agency of Nigeria (NAN) reported that Jubril is standing trial alongside his company—Brila Energy Ltd., before Justice Lateefa Okunnu of an Ikeja High Court. Read more
Tribunal begins hearing today on Agbaje’s petition
The Lagos State Governorship Election Petition Tribunal will today commences hearing in the petition filed by Peoples Democratic Party’s (PDP) Mr Jimi Agbaje challenging the victory of the All Progressive Congress, APC, candidate, Mr. Akinwumi Ambode at the last gubernatorial election.
According to the Registrar of the Tribunal presided by Justice Muhammad Sirajo, the date was fixed after notices of hearing were sent to all parties involved in the dispute. Read more
Cross River shuts 200 illegal schools
Cross River State Ministry of Education has shut down over 200 illegal primary and secondary schools between 2007 and 2015 for inability to meet up with stipulated guidelines.
The Commissioner for Education, Prof. Offiong E. Offiong, who disclosed this while briefing journalists yesterday, said the illegal schools were closed down to stem the increasing number of what he described as ‘miracle schools’ in the state. Read more
MAN Blames CBN for Funds Shortage to Manufacturing, SMEs
The Manufacturers Association of Nigeria (MAN) has blamed the Central Bank of Nigeria (CBN) for the tight access of funds to develop the real sector and Small and Medium Enterprises (SMEs) in the country.
The president, MAN, Dr. Frank Jacobs, explained that access to funds to drive growth in the manufacturing sector is still a major challenge hindering any meaningful growth and development in the sector. Read more
PwC Seeks Restoration of Nigeria’s Fiscal Credibility
PricewaterhouseCoopers (PwC) has stated that for Nigeria to wriggle out of her present economic crisis caused by the drop in crude oil prices, the policy makers should restore fiscal credibility by widening the country’s tax base and distributing the benefits of oil and gas resources more evenly across the entire country.
In its latest report: “What next for Nigeria’s economy? Navigating the Rocky Road Ahead,” PwC noted that Nigeria currently has one of the narrowest tax bases in the African sub-region. Read more
Tax incentives: FG denies $20bn revenue loss
The Federal Government at the weekend said allegations of purported wrongful grant of Pioneer Status Incentive (PSI) to undeserving companies by the Nigerian Investment Promotion Commission (NIPC) between 2010 and 2014 and the resultant loss of revenue to the tune of $20 billion were not true.
The government said though the allegations published in a daily newspaper (not Daily Sun) were credited to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, she has since refuted the fraud allegations and clarified that she only made some observations on the impact of the PSI on government revenue about nine months ago. Read more
Controversy trails N300bn RSSF
Controversy is brewing in the Central Bank of Nigeria (CBN) over alleged shady management and handling of the N300 billion Real Sector Support Facility (RSSF) announced last year by President Goodluck Jonathan.
Yesterday, about seven manufacturers that applied for the facility, as directed by the CBN in its original guideline, complained that they have been sidelined in the fund disbursement. They noted that the directive was to apply for the fund, while each applicant was expected to get N10 billion support loan, and after applying and satisfying the conditions, they have not heard from the bank on the outcome. Read more
Shareholders seek appointment of steering committee to address hitches
Shareholders, under the aegis of Western Icon Shareholders Association of Nigeria, WISAN have called on the Federal Government to set up a steering committee that would address some of the policies that have hindered the growth of the capital market and the economy in general.
The President of Western Icon Association of Nigeria, Mr. Olusegun Ade Owolabi, who disclosed the decisions taken by the shareholders’ group said “Some issues are germane and should be revisited if the Federal Government is serious about bringing back the lost glory of the Nigerian capital market. There is no gainsaying in the fact that the engine house for growth of any economy is the capital market. Read more
Oil and Gas
Petrol crisis to ease as govt, marketers settle
Fuel pumps may start flowing again, with senators facilitating an agreement between the Federal Government and oil marketers. Tankers are to immediately start lifting fuel in Lagos, Port Harcourt, Warri and Calabar depots.
The Senate yesterday mandated its joint committee on Petroleum Resources (upstream and downstream) to meet with stakeholders, including the Federal Government, to resolve the lingering fuel scarcity, which has crippled the economy. Read more
It is Not Too Late to Deregulate, Ubah Tells Jonathan
Following reports of the suspension of the industrial action embarked upon by the Nigerian National Petroleum Corporation (NNPC) in-house members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and National Union of Petroleum and Natural Gas Worker Association of Nigeria (NUPENG), the Managing Director of Capital Oil and Gas, Mr. Ifeanyi Ubah, has said it is not too late for President Goodluck Jonathan to fully deregulate the country’s downstream petroleum industry. Read more
Oil Blocks Operatorship: Stakeholders Berate Oil Workers over Strike Action
Criticisms have continued to trail the industrial action embarked upon by oil workers in the employ of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Nigerian Petroleum Development Company (NPDC) over transfer of operatorship of Oil Mining Leases (OMLs 42 and 40) to Neconde Energy Ltd. and Elcrest respectively.
The workers under the aegis of Petroleum and Natural Gas Senior Staff Association (PENGASSAN)
and the National Union of Petroleum and Natural Gas Workers (NUPENG) last week, directed employees of the NPDC) to shutdown indefinitely, their locations and all oil production facilities nationwide in a bid to force the federal government to reverse the ceding of operatorship of the oil blocks to the local firms. Read more
Petrol Marketers Accuse Nigeria Customs of Extortion
Oil marketers, who import petrol into the country under the Petroleum Support Fund (PSF) scheme have accused agents of the Nigeria Customs Service (NCS) of collecting Temporary Importation Permit (TIP) of N2 million and additional unofficial fee of $30,000 for any foreign-flagged vessel laden with petroleum products.
The marketers alleged the existence of flourishing regime of extortion estimated at N3 billion annually, being run by men and officers of the NCS through coercion of oil importers with illegal monetary demands to facilitate the release of foreign vessels laden with petroleum products. Read more
Seven Energy Begins Gas Delivery to Alaoji Power Station
Seven Energy International Limited, through its wholly-owned subsidiary, Accugas, has commenced supply of gas to the Alaoji Independent Power Project in Alaoji, Abia State.
Gas delivery to the 504 megawatt-capacity power station commenced this month, with Accugas as one of two gas suppliers to the plant with an initial contractual commitment to supply 30 million cubic feet per day (MMcfpd). Read more
Ikeja Disco Apologises to Customers over Zero Power Supply
The Ikeja Electricity Distribution Plc has apologised to its esteemed customers over the state of power supply in the last few weeks, particularly the zero allocation it received from the national grid on Sunday.
The Managing Director/Chief Executive Officer, Mr. Abiodun Ajifowobaje, said in a statement yesterday that the dismal power situation was a shared challenge across the nation. Read more
Oando Nigeria Plans to Truck Compressed Gas to Industrial Users
Oando Plc, a Nigerian energy company, is building a business to truck natural gas to industrial users whenever they are cut off from pipeline supply, an executive said.
“We’re basically creating a market for the future,” Bolaji Osunsanya, chief executive officer of Oando Gas & Power Ltd., said in a May 19 phone interview from Lagos, the commercial capital. “Markets that otherwise you won’t have been able to use pipelines to serve, today it is possible to truck compressed national gas there.” Read more
U-20 World Cup: FIFA, LOC to Receive Nigerian Delegation Today
A group consisting of officials of world football-governing body, FIFA and members of the local organizing committee of the 2015 FIFA U-20 World Cup will receive the U-20 National Team, Flying Eagles, in New Plymouth today when they berth in New Zealand for FIFA’s cadet world championship.
The Nigeria delegation flew out of Germany (where they had a three-week final camping programme) on Sunday, on the first leg of a 25 –hour journey across three continents. Read more
New Zealand 2015: My Lads Have Surprise Factor – Garba
With exactly seven days to their first fixture at the FIFA U20 World Cup in New Zealand, the coach of Nigeria’s Flying Eagles, Manu Garba, has revealed that his team will be full of surprises when the competition begins.
The team has departed for New Zealand from Germany, where they trained for three weeks and engaged in three tune-up games against the reserve teams of TSG Hoffenheim, Freiburg and Nurnberg, winning all. Read more
Iheanacho First Flying Eagle in New Zealand
Manchester City starlet Kelechi Iheanacho became the first Flying Eagles player to land in New Zealand yesterday ahead of the Under-20 World Cup.
Injury stopped the MVP of the 2013 FIFA U17 from the recent African Youth Championship in Senegal. Read more
FIFA official challenges Nigerian referees
FIFA Referees Development Officer, Carlos Manuel Neves Henriques has challenged Nigeria’s elite referees to start performing at the same level as the National Teams of Nigeria.
The South African spoke at the opening ceremony of the FIFA Member Association Elite Referees Course in Abuja on Monday. He was referring to the fact that the U-20 National Team, Flying Eagles, will play at the 2015 FIFA U-20 World Cup finals in New Zealand, while the Falcons are also in Canada for the FIFA Women’s World Cup finals. Read more
Durodola eyes WBC African title
Nigerian boxer Olanrewaju Durodola is determined to clinch the WBC Africa Cruiserweight title coming up later in the year and, in a bid to achieve this dream, has decided to relocate from his base in Atlanta, USA to Nigeria.
Durodola will also seek the support of the Nigerian boxing community and Nigeria as a whole in his quest to become for the WBC Cruiserweight Title. Read more
2015 DStv All-Star Game: Abubakar claims MVP
Reigning All-Star MVP Abubakar Usman’s 31 points off seven, 3 points shot and Kano Pillars team mate Ibrahim Yusuf’s 18 points including 4 from behind the arc, helped the Savannah Conference All Stars put up a shooting clinic on their way to a 102-66 points victory over the Atlantic Conference All-Star team at the DStv Premier Basketball league All-Star game, played at the Indoor Sports Hall of the National Stadium, Surulere, Lagos on Saturday.
Despite the heavy downpour in Lagos on Saturday, lovers of basketball were not deterred from enjoying the long range shots, alley hoops and high octane slam dunks as the Savannah Conference All Stars won their 2nd straight title. Read more
Sudanese security confiscates print runs of 10 newspapers
Sudan’s National Intelligence and Security Services (NISS) has seized copies of 10 newspapers from the printing press on Monday without giving reasons.
The newspapers seized were Al-Tayar, Al-Rai al-Aam, Al-Intibaha, Akhir Lahza, Al-Sudani, Alwan, Al-Akhbar, Al-Youm Al-Tali, Al-Jareeda and Al-Khartoum. Read more
Man in New Jersey Dies of Rare Viral Disease After Returning From Liberia
A man died of Lassa fever at a hospital in New Jersey on Monday after returning from Liberia this month, health authorities announced.
Lassa fever is a viral disease common in West Africa but rarely seen in the United States. It can have symptoms similar to Ebola — diarrhea, vomiting and bleeding — but is less infectious and far less likely to be fatal. About 1 percent of Lassa patients die, compared to about 70 percent of Ebola patients. Read more
Libya: Civilians Trapped in Benghazi
The parties to the conflict in Libya should allow civilians safe passage out of neighborhoods in the eastern city of Benghazi and other areas caught up in the hostilities and permit access to deliver food and medical supplies.
Residents of Benghazi whom Human Rights Watch met on April 17, 2015, and interviewed by phone on May 21 said that Libyan families and foreign civilians were trapped in downtown Benghazi affected by fighting, including areas of El-Blad, Sidi Khreibish, and El-Sabri. Read more
Africa seeks super banker to manage new economic frontier
Eight candidates are vying to become the next head of the strategic African Development Bank as the continent is undergoing an economic transformation.
With 80 ADB shareholders — 54 African states and 26 non-African countries — set to vote on Thursday, it is difficult to predict who will succeed Rwandan Donald Kaberuka, bank chief for two consecutive terms since 2005. Read more
Chinese firm to provide sanitation service for 260 Egyptian villages
The Egyptian Housing Ministry and a leading Chinese corporation signed on Monday a memorandum of understanding (MoU) to provide sanitation for 260 villages in four Egyptian provinces.
Following the MoU signing with China Gezhouba Group Company Limited, Egyptian Housing Minister Mostafa Madbouli said the project, which is worth one billion US dollars, is extremely important for Egypt as it goes in line with the government’s priorities and provides direct services for Egyptian citizens. Read more
Letter demanding release of Marikana report sent to Zuma
The lawyer representing mineworkers who were injured and arrested during the Marikana shooting has sent a letter to President
Jacob Zuma on behalf of his clients demanding that he release the Farlam Commission of Inquiry’s report into the incident. Read more
Fire at elderly people’s care home in central China kills 38 people
A fire at a care home in central China has left 38 people dead and six injured, officials said on Tuesday.
The fire broke out on Monday evening in an apartment building at a privately owned care home for elderly people in Pingdingshan, the official news agency Xinhua said. Read more
This Is Why Australia Has ‘National Sorry Day’
In 1998, a coalition of Australian community groups declared May 26 “National Sorry Day”: an annual day of atonement for the social-engineering policy that ripped an estimated 50,000 children from their Aboriginal families between 1910 and the 1970s. But it took Australia’s government another decade to utter an official apology. Read more
No homicide probe in BB King death
Las Vegas police say there is no active homicide investigation of the death of BB King, despite claims by two of the blues star’s heirs that his two closest aides poisoned him.
Lieutenant Ray Steiber said any police action will depend on the findings of post-mortem tests. Read more
Twister kills 13 in Mexico border city; 12 missing in Texas
A tornado raged through a city on the U.S.-Mexico border Monday, destroying homes, flinging cars like matchsticks and ripping an infant away from its mother. At least 13 people were killed, authorities said.
In Texas, 12 people were reported missing after the vacation home they were staying in was swept away by rushing floodwaters in a small town popular with tourists. Read more
Brides for Sale: European Women Lured for Sham Marriages
Klara Balogova was 18, penniless and heavily pregnant when she rode thousands of miles from Slovakia to England to marry a man she had never met.
She knew he did not want her, or her child. He wanted her European identity card. The marriage was arranged so the 23-year-old Pakistani groom could gain the right to live and work in Europe. Read more
Follow us @sabinewsnaija