October 21, 2018

Latest Updates

* Democracy rogues: Politicians, civil servants, generals steal N38tn in 17 years * APC scores Buhari high, calls for patience

* Democracy rogues: Politicians, civil servants, generals steal N38tn in 17 years  * APC scores Buhari high, calls for patience

 

 

 

Democracy rogues: Politicians, civil servants, generals steal N38tn in 17 years

Nigeria has lost over N38tn through mismanagement, embezzlement and money laundering under successive administrations since democracy returned in 1999, estimates made by SUNDAY PUNCH have shown.

The figures were drawn from findings by anti-graft agencies and investigative panel reports on major economic scandals and financial crimes in the country in the last 17 years. Read more

APC scores Buhari high, calls for patience

The All Progressives Congress has scored the President Muhammadu Buhari-led administration high on the delivery of the party’s campaign promises; just as it appealed for patience from Nigerians. National Chairman of the party, Chief John Odigie-Oyegun, said this in a Democracy Day message on Saturday. Read more

We’ll go nude to protest lecturers’ strike — Bayelsa students

Some students of the Bayelsa State-owned Niger Delta University, Amassoma, have taken to the streets to protest the indefinite closure of the university.

The lecturers of the institution had on April 28 gone on an indefinite strike, following the inability of the Governor Seriake Dickson to pay the backlog of workers’ salaries.Read more

I didn’t collect N54m from Oshiomhole – Impeached Speaker

Impeached Speaker of the Edo State House of Assembly, Mr. Victor Edoror, on Saturday denied receiving the sum of N54m from Governor Adams Oshiomhole to be shared among 24 members of the House.

Edoror was impeached on May 3 by 16 lawmakers over allegations bordering on gross misconduct. Elizabeth Ativie, representing Uhunmwode constituency, was sworn in as his replacement. Read more

Unrelenting Militants Bomb Agip, Aiteo Facility in Bayelsa

In line with their renewed vow to cripple oil and gas-related activities in the region, Niger Delta militants on Saturday shifted their focus to oil-rich Bayelsa State, bombing two oil production facilities which belong to Nigerian Agip Oil Company (NAOC) and Aiteo Group. Read more

Presidency, NASS, judiciary got N2.3trn in 10 years

A total sum of N2.33trn was allocated to the Presidency, National Assembly and the Judiciary within the last 10 years, figures obtained from the Budget Office of the Federation have revealed.

This is based on the allocations approved in the budget by the National Assembly within the 2007 and 2016 fiscal periods. Read more

Nigerians’ expectations have been shattered —Prelate, Methodist Church

The Prelate of the Methodist Church Nigeria, Dr. Samuel Uche, has called on Nigerians to remain hopeful, despite the numerous challenges confronting the nation. According to a statement by the Church’s Director of Media and Public Relations, Rev. Oladapo Daramola, Uche said this in a goodwill message to Nigerians for Democracy Day. Read more

Troops ambush B’ Haram members, recover arms, viagra

Troops of the 81 Battalion and 251 Task Force Battalion ambushed Boko Haram terrorists believed to be on a mission to supply weapons and sex-enhancing drugs to their comrades outside Sambisa forest.

The successful ambush which took place on Friday night, led to the death of two insurgents, the recovery of four AK 47 rifles and several rounds of ammunition as well as some quantity of Viagra. Read more

I Will Privatise Refineries But…– PMB

In this interview with LEADERSHIP Editors, President Muhammadu Buhari gives an insight into some of the major decisions taken by his government in the last one year and why the decisions were taken. He also explains his consistent refusal to devalue the national currency, the fight against corruption and the Boko Haram insurgents. Read more

PDP on ‘sabbatical leave’ – Makarfi

Interim National Chairman of the Peoples Democratic Party, Senator Ahmed Makarfi, has said the main opposition party is on sabbatical leave and that it will bounce back to reclaim power from the All Progressives Congress in 2019. Makarfi stated this on Saturday when he received Governor Seriake Dickson of Bayelsa State on a courtesy call on him at  his residence in  Kaduna.

Dickson doubled as the chairman of the PDP Reconciliation Committee. Read more

365 days of Buhari: His five key achievements

As the  man in the saddle, Muhammadu Buhari is not the kind of president Nigerians have been familiar with in the last 16 years. Not known for frivolities and quite aware of the enormity of the task of fixing Nigeria, his body language does not suggest rolling out the drums in celebration of his one in office today. Read more

Ex-commissioner Hails New DG, NBC’s Appointment

A former commissioner of information, Taraba state, Emmanuel Bello, has described the appointment of Ishaq Moddibo Kawu as the Director General of the Nigerian Broadcasting Commission (NBC) as timely and appropriate. In a parley with newsmen, Bello pointed out that the appointment was proof that the federal government is repositioning the broadcast industry in Nigeria for effectiveness. Read more

Kogi Staff Verification Chairman Sacked

Kogi State Governor, Alhaji Yahaya Bello, has sacked  the Chairman of the state’s Civil Servant Screening Committee, Brigadier-General Paul Okutimo (rtd), following alleged highhandedness and refusal to comply with the terms of reference as laid for the screening by the state government.

Kogi workers and union leaders in the state had decried the compromise the chairman of the screening exercise applied during the staff verification. Read more

Macro-economic and business environment scoresheet- Lagos Chamber of Commerce

The Lagos Chamber of Commerce and Industry recognizes the fact that the current economic situation is challenging. The global economic reality, fall in global oil prices, economic policy shortcomings and insurgency all play a very critical role in the weak economic performance of the country. In realization of these challenges, government efforts at stabilizing the economy are commendable.   We commend government’s efforts in fighting corruption which has become endemic in our system. Read more

Wike bans street trading in Rivers

Rivers State Governor, Mr. Nyesom Wike, on Saturday, banned street trading in the state. The governor gave this order during the inauguration of projects completed by his administration to mark his first year in office.

He also assured the people of Rivers State that he would never carve out any part of the state to any individual or group to control for any reason. Read more

A’Ibom to prosecute teachers for sexual abuse

The Akwa Ibom State Governor, Mr. Udom Emmanuel, has said his administration would prosecute teachers who sexually abuse pupils, especially the girl child, in accordance with the law of the land.

The governor stated this on Friday during the 2016 Children Day celebration in Uyo, with the theme, “Protect the Rights of a Child in the Face of Violence and Insecurity: End Child Marriage.” Read more

Buhari’s scorecard: Stakeholders rate President low

Stakeholders in the manufacturing sector rated the President poor. Commenting on the sector, the President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, said, “The past one year has been the worst period in the history of manufacturing because of the fact that government policies made it difficult for manufacturers to plan. Read more

EFCC to investigate alleged diversion of N107b in Benue, says Ortom

Contrary to speculations that Benue State government has dumped the Justice Elizabeth Kpojime Judicial Commission of Enquiry report, which indicted former Governor, Gabriel Suswam and 51 others for graft, Governor Samuel Ortom has said the Economic and Financial Crimes Commission (EFCC) has commenced investigation on the findings.

Ortom, who disclosed this during an interactive session with journalists in Makurdi, to commemorate his one year in office, said the EFCC officials in Enugu State have already paid assessment visit to Benue State and that each of the accused persons shall be prosecuted individually. Read more

Lagos@50 celebration: Those against my appointment are ignorant — Soyinka

As Governor  Akinwunmi Ambode, yesterday, launched the one-year long activities to mark the 50 years anniversary of Lagos State, which will climax on May 28, 2017, the Chairman, Lagos At 50 Committee, Lagos State, Prof Wole Soyinka, has described those condemning his appointment as ignorant. Read more

We’re Not at War, Obaseki Admonishes Fellow Guber Aspirants

Governorship aspirant of the All Progressives Congress (APC) in Edo state, Mr. Godwin Obaseki, on Saturday appealed to his co-contestants to see the governorship contest as a brotherly one and not a war.

Obaseki made the appeal while receiving the party’s nomination and expression of interest form purchased for him by the state APC caucus in the National Assembly and market women. Read more

APC Decries Harassment Of Journalists In Rivers

The All Progressives Congress (APC) in Rivers State, has condemned the continuous harassment of journalists working in the state by alleged agents of the state.

The party, in a statement issued in Port Harcourt, yesterday, by its publicity secretary, Senibo Chris Finebone, described the ugly development as a declaration of war on journalists. Read more

Lalong Urges FG to Support Power Investment in Plateau

Governor Simon Lalong of Plateau state has declared that with the decision by a multinational firm, CT Cosmos Nigeria Ltd to invest in a massive power generation project of over $150 million in his state, “Plateau will soon become a centre of attraction for power generation.”

He has therefore urged the Federal Government to give all necessary logistic supports to the company to make the project a reality. Read more

I’ll pay workers not on strike, Fayose tells labour

Ekiti State Governor, Mr. Ayodele Fayose, has said the state government would pay salaries to only workers who were not on strike from the “little” monthly allocation from Abuja.

The governor also stated that embarking on strike was not the solution to the poor resources available to the government, which had led to irregular payment of salaries in the last few months. Read more

Youth Group Felicitates With PMB, Hails Achievements In 1 Year

The Buhari/Osinbajo Youth Advocacy Group (BOYAG) has felicitated with President Muhammadu Buhari as he clocks one year in office today and commends the achievements of the federal government since its inauguration on May 29, 2015. Read more

Stakeholders Hail INTELS Strides in Onne Port

Stakeholders in the maritime industry have hailed Integrated Logistics Services Nigeria Limited (INTELS) on the strides it has made since it started operations in the nation’s seaports.

The firm which is one of the concessionaires in the nation’s seaports won the bid for the concession following the conclusion of the port reforms initiated by the Federal Government during Chief Olusegun Obasanjo’s administration. Read more

Abia House Targets People’s Welfare, Passes 10 Bills into Law

The sixth Abia State House of Assembly has in the past one year of its life passed into law 10 bills out of the 16 that were considered within the period under review, while the remaining six were still at “various advanced stages” of legislative process.

Deputy Speaker of the House, Hon. Cosmos Ndukwe, who is also chairman of House committee on information, media and publicity, made this known while presenting the score card of the legislature in the last one year at the monthly press briefing on the activities of the House. Read more

Ogun NURTW rejects IG’s summon

The leadership  of the National  Union of Road  Transport Workers, Ogun State chapter, has kicked against the invitation extended to its leadership by the Inspector General of Police, Mr. Solomon Arase,  following a petition by some members of Ogun State House of Assembly.

The union, which addressed journalists in Abeokuta on Thursday, stated that no fewer than 20 members of the state House of Assembly had accused its leadership of scheming to destabilise the peace in the state. Read more

Grandma, seven grandchildren roam Ibadan streets for food

The Oyo State Police Command came to the aid of a 75-year-old granny and her seven grandchildren found roaming the streets of Ibadan on Friday.

The old woman was intercepted by a patrol vehicle of the police command after members of the public raised the alarm that she could be involved in child trafficking or kidnapping. Read more

Channels Kids Cup: Aregbesola Congratulates Osun School

The Governor of Osun State, Ogbeni Rauf Aregbesola has congratulated St’ James’ Elementary School for coming third at the recently concluded Channels Kids football competition.

A statement by the director, Bureau of Communication and Strategy, Office of the Governor, Semiu Okanlawon, quoted the governor as saying that the pupils have demonstrated true Omoluabi ethos of the state, part of which are handwork, dedication and cooperation. Read more

Tension as soldiers comb Delta community for Tompolo

There was anxiety in the traditional headquarters of Gbaramatu kingdom in Warri South-West Local Government Area of Delta State in the early hours of Saturday as soldiers combed the community for ex-militant leader, Government Ekpemupolo, otherwise called Tompolo.

SUNDAY PUNCH learnt that the fiercely-looking Joint Task Force operatives stormed the Oporoza community in the area with about five military gunboats around 1:30am. Read more

Nigeria Records 3,000 Tyre-induced Accidents In 5 Years – FRSC

The Federal Road Safety Corps (FRSC) says the use of fake and expired tyres is responsible for more than 3,000 road traffic accidents that occurred in the last five years.

The assistant corps marshal in charge of Policy, Research and Statistics, Dr Kayode Olagunju disclosed this on Saturday in Ado Ekiti. Read more

Cocaine trafficker forces Dubai plane to land in Lagos

Emirates flight EK 262 from Sao Paulo, Brazil to Dubai, United Arab Emirates, made an emergency landing in Lagos at the weekend due to the deteriorating health condition of a cocaine trafficker. Screening by anti-narcotic officials found four passengers, who are currently under interrogation, positive for drug ingestion. Read more

Alleged killer husband keeps mum on slain wife — Police

The police on Saturday said the alleged wife killer, Jafaru Sougie, has remained silent on the death of his wife, Roseline. SUNDAY PUNCH learnt that the 49-year-old suspect, who is recuperating in an undisclosed hospital, declined to speak with the police when asked to give his own side of the story.

This is just as one of the children, 16-year-old Richmond, said he was sad that the mother did not witness his sister’s birthday celebration slated for Sunday (today). Read more

Fayemi to UK lawmakers: Nigeria open for invest

Minister of Solid Minerals Development, Kayode Fayemi, has urged Britain to take advantage of the abundant minerals deposits in Nigeria and the enabling environment being created by the Muhammadu Buhari administration to invest in the country’s mining sector. Fayemi, who addressed British parliamentarians and investors at a session organised by the All-Party Parliamentarian Group (APPG) on Nigeria at the Parliament, Westminster, London on Thursday, urged them to shun negative views about the country, which according to him are usually unduly exaggerated. Read more

Falling profits: Banks plot ways out of bleak year

Some months ago, a number of banks, declared glowing profits, in what was hailed as the triumph of Nigeria’s banking sector over the gloom that overshadowed the economy. Expectedly, bank shareholders were elated that the boards had judiciously weathered the storm and come out unscathed, and were thus emboldened by the salacious dividend payouts.

However, with the announcement of last year results by about 10 other banks, it seems the harvest of profits have not spread across the sector, as some of them reported as much as 80 per cent drop in profits. Read more

First anniversary: Economy bleeds as Buhari dawdles

The exit of the Goodluck Jonathan administration exactly a year ago offered a big relief to many players in the business sector in Nigeria.

Shortly before then, the country was considered one of the most dangerous places in the world to do business, no thanks to the persistent marauding activities of the Boko Haram militants, who killed hundreds of people and overran communities in the North almost on daily basis, especially in the North-East. Kidnappers were also on the prowl in the South, abducting influential people for ransom. Read more

FG, states’ borrowings exceed statutory allocations — FRC

The consolidated debts of some states of the federation far exceed their statutory gross and net allocations from the Federation Account, an analysis of the debt profile of the nation by the Fiscal Responsibility Commission has shown.

The report of the analysis entitled: ‘Debt, Indebtedness and Borrowings’, also showed that the consolidated debt of the Federal Government exceeded both its gross and net statutory allocations from the Federation Account. Read more

EU, firm to support farmers with N2.4bn

The European Union and a development organisation, Oxfam International, have pledged about N2.4bn (€11m) to support food security and resilience of most vulnerable people in Kebbi and Adamawa states for four years.

The pledge was made when a team led by the Head of Oxfam Great Britain and Head of Programmes, Mr. Constant Tchona, embarked on an exploratory visit to the proposed project intervention local government areas for the inauguration of the new livelihood projects. Read more

365 days of Buhari: Our agenda to stabilise the economy -Udo Udoma
Minister of Budget and National Planning, Senator Udoma Udo Udoma, can rightly be described as a key player in the Nigerian project, who has seen it all-having been actively involved in all tiers of government and the private sector.

Apart from running one of the largest law firms in Nigeria, Udoma had served variously as chairman of blue chip companies and had been a senator during which he was saddled with the arduous task of being the Chairman of the Senate Committee on Finance and Appropriation before being made a Minister of Budget and National Planning by President Muhammadu Buhari last year. Read more

Avoiding the Pitfalls of Economic Recession

Amid the fear of imminent recession, the monetary policy committee of the Central Bank of Nigeria has moved to buoy the economy, necessitating the adoption of flexible foreign exchange regime and leaving the rates unchanged. Kunle Aderinokun, Olaseni Durojaiye and James Emejo write that the development has rekindled the hope of economic recovery

The 255th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which ended in Abuja last Tuesday is significant for a number of reasons. One, the decision of the committee to adopt a flexible foreign exchange rate regime, albeit with a “small window for critical transaction” after rebuffing several calls to that effect, will continue to generate discussion, perhaps until details of the window is made public. Read more

Resetting the Nigerian economy: One year after

For Nigerians, who voted en-mass for President Muhammadu Buhari in the 2015 general elections, it is key to reflect on the realities of the economy and focus on the policies and initiatives this administration is implementing to reset the economy whilst investing to stimulate growth and diversification of the economy.

In a year of Fiscal Housekeeping with a robust plan for revenue generation and in an environment where people are used to a culture of celebration, no epoch will go unnoticed. Read more

Volte-face as instrument of policy

EARFUL that recession could hit the Nigerian economy, the Central Bank of Nigeria (CBN) plans to relax its hitherto stringent and rigid forex policy to a flexible one to enable the market adjust itself automatically. By his many statements in recent months, President Muhammadu Buhari had in fact given indications he would defend the naira with everything he had rather than submit to market forces. The reality has now compelled a different approach.. Read more

Buhari’s economy, one year after

As Nigerian’s mark Presdident Mohammadu Buhari’s first year of assumption of office, we articulate the economic trajectories that sign-post the past 12 months of Nigeria’s history. Read more

Mixed fortunes for sports under democracy

The advent of democracy in Nigeria had been touted to bring the much about needed development to Nigeria’s sports sector but stakeholders have yet to see the desired change that they so much dreamt of since May 29, 1999.

Most of the achievements witnessed in the history of the sports sector had come before May 29, 1999 and the country’s successive democratic government, since then, have continued to pay lip service to the development of a sector which has proven to be a source of unity for the country. Sports have shown time and again that the country can indeed be united on a common ground. Read more

Nigeria 2016 FMCG games begins

The 3rd edition of The Nigeria FMCG Games is the flagship sporting event of the FMCG sector. The opening ceremony will feature March Past, side-attractions, fan engagement activities, football matches and other sporting events.

Speaking on the event, Jimmy Sogbesan, Chief Operating Officer of MediaVision Limited (Organizers of the event) said: “This year’s edition of the FMCG Games will exceed expectation as several elements have been added to make it more rewarding for the teams, fans and supporters.” Read more

Marathon runner Adedayo arrives Lagos today

FADESO ADEDAYO, 25, a Nigeria-born civil engineer based in Canada, who is on course to complete a 17-day Abuja to Lagos marathon, says he feels fulfilled already.

Adedayo, who is running to raise $1million toward Stevens-Johnson’s Syndrome research, expressed his joy on his successful arrival on the 15th day in Ibadan en route Lagos. Read more

Simeone devastated at Champions League heartbreak

Atletico Madrid coach Diego Simeone lamented that losing a second Champions League final in three years was a “failure”, after seeing his side fall short against Real Madrid in a penalty shoot-out in Milan on Saturday. The 46-year-old Argentine also appeared to hint at a possible exit from the Vicente Calderon in the aftermath of the match, which Real won 5-3 on penalties after a 1-1 draw. Read more

Judge orders release of internal Trump University documents 

A judge has ordered Trump University to release internal documents including “playbooks” used by its tutors.

The ruling was made by U.S. District Court Judge Gonzalo Curiel who is presiding over a case in San Diego, California brought by a number of dissatisfied students who attended moneymaking courses at Trump University. Read more

Four-year-old boy falls 12 feet into zoo enclosure and is grabbed and dragged by 400-lb gorilla for 10 minutes before the animal is shot dead 

Zoo officials said at the time boy fell in the moat, three gorillas were in the enclosure but the two female gorillas were called out immediately. However, a third gorilla, Harambe, remained in the yard with the child.

Video footage emerged on Saturday revealing some of the chilling moments of the time the boy was inside the moat, as a panicked crowd looking on can be heard screaming as the ordeal unfolded. Read more

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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