SABINEWS MIDDAY NEWS UPDATE FOR OCTOBER 13, 2016
Police pension boss embezzled N24bn, owns 22 houses –Witness
An Economic and Financial Crimes Commission witness, Mr. Mustapha Gadanya, on Wednesday told an FCT High Court how the then Director of Police Pensions moved N24bn into different accounts.
The News Agency of Nigeria reported that Gadanya was among the team that investigated the matter and Esai Dangabar was the former Director Police Pension Fund. Read more
Student kills self over poor academic performance
A 20-year-old senior secondary school student, Moji Agboola, died on Wednesday in Omu-Aran, Kwara State, after taking poison.
The deceased, an SS1 student, died at Adeyemo Hospital in the town due to complications in her body system as a result of the poison. Read more
Rival Cult Kills Man, Girlfriend In Makurdi
A 21-year-old 200 level student of Geography, Benue State University (BSU), Makurdi, Solomon Aondoaseer and his 20-year-old girlfriend, Doofan Agbaja, have been killed by members of a rival cult group in Makurdi.
The police public relations officer, Moses Yamu, who confirmed the killings, said the late Aondoaseer was said be a member of the red Viper cult while their killers belong to the Black Axe cult Read more
Bauchi Rescues 450 Teenage Girls From Traffickers
No fewer than 450 girls have been rescued from child traffickers by the Bauchi State government in conjunction with security agents.
This was made known by a member of the Bauchi State High Level Women Advocates, (HILWA), during a press briefing to mark the International Day of the Girl Child, organized by the State Universal Basic Education Board, SUBEB. Read more
Tension as Enugu recruits 25,000 neighbourhood watch members
There was palpable tension in Enugu on Wednesday as the state began the recruitment of neighbourhood watch members in all its communities.
Our correspondent learnt that a total of 25,000 persons, mostly able-bodied young men, are to be recruited across the state to form neighbourhood security outfits. Read more
Bisi Akande blames recession on military rule
The former Interim Chairman of the All Progressives Congress, Chief Bisi Akande, has blamed the current economic crisis in Nigeria on the military incursion into politics and governance.
This, he said, had entrenched a culture of laziness, corruption and lawlessness into many Nigerians. Read more
‘Buhari, not a converted democrat’
The Founder of the Oodua People’s Congress, Dr. Frederick Fasehun, says the recent crackdown on judges has vindicated his stance that President Muhammadu Buhari is not a converted democrat as claimed during the 2015 electioneering.
Fasehun said he was worried that security operatives were not following due process in their fight against corruption. Read more
Nigerian banks have strong buffers to weather crisis: central bank
Nigeria’s banks are facing economic challenges but have strong capital buffers to weather the crisis, a central bank official said on Wednesday following a meeting with lenders.
Nigeria, Africa’s biggest economy, is in recession with a slump in the oil revenues that make up the bulk of its foreign earnings having hammered public finances and the naira currency. Read more
Nigeria mining ministry in talks over $500 mln fund and corporate bonds
Nigeria’s government is in advanced talks with its sovereign wealth fund and stock exchange to create a $500 million exploration fund and corporate mining bonds to attract investment, its mining minister said.
Kayode Fayemi also told Reuters Nigeria had made a “promising” nickel discovery and was looking for investors for a moribund steel plant, part of efforts to reduce reliance on oil exports. Read more
NDLEA arraigns deaf and dumb man for peddling marijuana
the National Drug Law Enforcement Agency on Tuesday arraigned a 23-year-old deaf and dumb man, Abass Hamed, for allegedly dealing in cannabis sativa, popularly called marijuana.
Hamed was arraigned before Justice Jude Dagat of a Federal High Court in Lagos where the one count levelled against him was interpreted to him by a sign language interpreter, Francis Peters. Read more
Okonkwo: Nigeria’s FX Policy Geared to Attract Dollar Inflow
The Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo wednesday said the Central Bank of Nigeria’s (CBN) foreign exchange (FX) policy was geared to attract more dollar inflows into the country.
Okonkwo said this in an address he presented at the October breakfast session of the Nigerian-American Chamber of Commerce (NACC) titled: “Driving Growth in the Non-oil Sector,” that took place in Lagos. Read more
Survey Shows Rapid Growth in Online Shopping in Nigeria
At 51 per cent, the 2016 Online Shopping Survey Report by Phillips Consulting has revealed that in-store shopping is still the preferred mode of shopping by Nigerians.
The survey obtained by THISDAY wednesday surveyed 3,390 consumers. However, the latest result when compared with similar Online Shopping survey carried out by the firm in 2014, showed a significant increase in those who prefer to shop online than in-store, which was 49 per cent. The survey revealed the degree to which the adoption of online shopping was accelerating in Nigeria. Read more
President Buhari on Maiduguri Bomb Blast
I am disheartened by the news of the bomb blast in Maiduguri.
My condolences to the families of the victims, and to the Borno State Government.
Unable to hold territory, the severely degraded terrorist group now occasionally resorts to cowardly attacks on soft targets. Read more
48-team World Cup faces test at FIFA meet
FIFA president Gianni Infantino’s plan to expand the World Cup faces a key test from Thursday at a meeting of world football’s top executives.
Infantino wants to expand the tournament to 48 teams, a contentious move that critics say would dilute the quality of World Cup competition and add new fixtures to football’s already packed calendar. Read more
Fury vacates world heavyweight titles
Tyson Fury has given up his WBO and WBA world heavyweight titles “with immediate effect” to concentrate on his “medical treatment and recovery”, said a statement released by his promoters Hennessy Sports.
The British boxer has admitted taking cocaine to deal with depression and was set to be stripped of his titles after cancelling two planned rematches this year against Ukrainian former champion Wladimir Klitschko. Read more
Women accuse Trump of groping, forcibly kissing them
Newly published accusations that Donald Trump groped or inappropriately kissed women rocked the race for the White House Wednesday, with the Republican nominee angrily denying the reports and his campaign branding them “character assassination.”