* ASUU ends strike * Frozen $15.5m: Court rejects Patience’s application to restrain EFCC

* ASUU ends strike  * Frozen $15.5m: Court rejects Patience’s application to restrain EFCC

SABINEWS MORNING NEWS UPDATE FOR NOVEMBER 23, 2016

 

ASUU ends strike

The Academic Staff Union of Universities on Tuesday confirmed that it had ended its one week nationwide warning strike over the non-implementation of its 2009 agreement with the Federal Government.

The President of ASUU, Prof. Biodun Ogunyemi, who said this in Abuja, urged lecturers to return back to their classrooms. Read more

Frozen $15.5m: Court rejects Patience’s application to restrain EFCC

A Federal High Court in Lagos on Tuesday rejected an application by the wife of former President Goodluck Jonathan, Patience, seeking to bar the Economic and Financial Crimes Commission from tampering with a sum of $15.591 frozen in four Skye Bank accounts.

The EFCC placed a ‘No Debit Order’ on the four bank accounts in July while probing Jonathan’s former Special Assistant on Domestic Affairs, Waripamo-Owei Dudafa, for money laundering. Read more

Oni heads APC situation room for Ondo poll

The All Progressives Congress on Tuesday set up a six-member committee to coordinate the party’s Situation Room for Saturday’s governorship election in Ondo State.

It appointed the Deputy National Chairman (South), Mr. Segun Oni, to lead members of the team. Read more

$115bn deals: Senate to summon Kachikwu

The Senate on Tuesday said it would probe Nigeria’s recent oil deal with India, worth over $80bn and another with China worth $15bn, with an additional $20bn deal with China’s two biggest petroleum companies.

The upper chamber of the National Assembly has therefore mandated its Committees on Petroleum (Upstream), Petroleum (Downstream), Petroleum (Gas) and Foreign Affairs to summon the Minister of State for Petroleum Resources, Ibe Kachikwu, to explain the details of the deals. Read more

Hoodlums launch fresh attack on Egun community

A fresh attack was launched on the Otodo Gbame community in the Lekki Phase 1 area of Lagos State on Tuesday.

Like the attack of Wednesday, November 9, 2016, the invaders reportedly set fire to some remaining structures in the area. Read more

Police recover body of boy burnt to death

The Lagos State Police Command says it has located the charred remains of a robbery suspect who was burnt to death by a mob in the Orile area of the state.

The state Commissioner of Police, Fatai Owoseni, said the suspect was believed to be between 20 and 25 years old, and not a seven-year-old boy lynched over garri, which went viral on the social media. Read more

Tinubu is not sick, Afikuyomi replies Lalong

Senator Tokunbo Afikuyomi, a close ally of the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has refuted the claim by the Plateau State Governor, Solomon Lalong, that the former governor of Lagos is sick.

Lalong had claimed that Tinubu was absent at the last Saturday’s Ondo State APC governorship rally because of ill-health. Read more

Sagay slams Senate for delaying Magu’s confirmation

The Chairman of the Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has lambasted the Senate for delaying the confirmation of the acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu.

Under Magu’s one-year leadership at the EFCC, the agency has recovered more money than any other time in its 13-year history and has also secured over 145 convictions. Read more

Stakeholders want NPA stripped of regulatory functions

Stakeholders in the maritime sector have called on the National Assembly to strip the Nigerian Ports Authority (NPA) of regulatory functions to enable the agency effectively concentrate on the mandatory administrative ones.

Speaking yesterday in Abuja at a one-day public hearing on amendment of the National Inland Water Ways Authority Act (Amendment Bill, 2016 and Nigerian Ports Authority Act (Amendment) Bill, 2016 organised by the Senate Committee on Marine Transport, they enjoined the lawmakers to quickly pass into law the Ports and Harbour Bill to give legal teeth to the ports concessioning of 2006 and set performance benchmarks in accordance with global best practices. Read more

SON impounds N100m worth of suspected substandard LPG products

The Standards Organisation of Nigeria (SON) has impounded six container loads of Liquefied Petroleum Gas (LPG) products worth about N100 million, suspected to be substandard in nature.

The consignment which was impounded following a tip-off from the men of the Customs included gas cookers, gas cylinders of 12.5 kgs and 6kgs, as well as top burners cylinder and sittings, with the brand name “Amaze”.According to the agency, the consignments are suspected to have been imported from China. Read more

Presidency intimidating our members, says AD

Leaders of the Alliance for Democracy (AD) have accused the presidency of intimidating its members ahead of Saturday’s polls.One of the party chieftains, Mr. Akindele Adeyi, told journalists in Akure that the All Progressives Congress (APC) was also part of the plot to repress the opposition.

According to him, the AD’s attention was “drawn to undemocratic and diversionary tactics employed by a cabal in the southwest, led by a former governor of Ekiti State and his Ogun state counterpart.” Read more

Boko Haram: Military court jails soldier 18 months

The Military Court-Martial of the Nigerian Army in Maiduguri, Borno State has sentenced a soldier to 18 months imprisonment for disobedience to orders in the war against insurgency.
Private Mac Chukwu allegedly refused to submit 89 rounds of 7.2 mmm special ammunition on April 7, 2016 after an operation. He was caught by the police on routine checks at a motorpark in Maiduguri while travelling with the ammunition after securing a pass from his commander to travel. Read more

FG moves to rehabilitate Enugu-Onitsha, Enugu-Port Harcourt express roads

RELIEF appears on the way for  motorists and commuters plying the Enugu-Onitsha and Enugu-Port Harcourt express roads, as the Federal Government has mobilized contractors to return to sites to rehabilitate the roads  that have been death traps for some times.

Work on the Enugu-Onitsha highway was abandoned over 10 years ago. It will be recalled that eminent citizens from the south east, traditional rulers among others have decried the deplorable condition of the ever busy road that links people from the Northern states to the commercial city of Onitsha to no avail. Read more

Court sacks Rivers monarch, declares throne vacant

A Rivers State High Court sitting in Port Harcourt, yesterday, asked the present occupant of Eze Epara Rebisi stool, Prince Victor Woluchem, to vacate the seat pending the conclusion of the matter pending before it concerning the throne.

The Eze Apara Rebisi stool has been a subject of dispute after the death of Eze Sunday Nnanta Woluchem, who was the last occupant of the stool. Read more

Muslim cleric stabs Lagos landlord to death

An Islamic cleric, Alfa Ganiyu Umaru, is being detained by the police for allegedly killing his landlord in one-storeyed building in Agbotikuyo bus stop, Ipaja, Lagos State.

This is just as relatives and friends of the 45-year-old victim, Tajudeen Popoola, said they had yet to come to terms with the reality of his death. Read more

Nigeria’s oil output rises to 1.9mbd —Kachikwu

Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, stated that Nigeria’s crude oil output had risen to around 1.9 million barrels per day.

Kachikwu also disclosed that the country would pay the $5.1 billion Joint Venture Cash call arrears owed International Oil Companies, IOCs, within a five-year time frame. Read more

‘OPEC ‘ll strike supply cut deal’

The Organisation of Petroleum Exporting Countries (OPEC) is on course to finalise the details of the Algiers accord to cut oil production at a meeting in Vienna on  said a delegate from Nigeria.

“There is certainty that everybody is on board. Everyone knows that the stakes are high,”Ibrahim Waya told reporters on his way into a meeting at the secretariat of OPEC. Read more

Cash call: Nigeria gets $1.7bn discount from IOCs

International oil companies operating in the country have discounted $1.7bn off Nigeria’s $6.8bn cash call Joint Venture debts that accrued over the past six years, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said.

According to him, the balance of $5.1bn owed the IOCs by the Federal Government through the Nigerian National Petroleum Corporation will be repaid over a period of five years, although he did not state when the repayment would commence. Read more

Buhari’s economic policies need review, say Utomi, Rewane, dons

Some notable economists on Tuesday urged the President Muhammadu-led administration to review, as a matter of urgency, its economies policies or risk further decline in the economic fortunes of the country.

They insisted that the current economic policies of the government were not making the desired impact, hence the need for a comprehensive review. Read more

Ghost workers: FG’s monthly wage bill drops by N20bn

The Federal Government on Tuesday said it had been able to reduce the monthly wage bill of civil servants in Ministries, Departments and Agencies from N165bn to N145bn.

The Permanent Secretary, Ministry of Finance, Mr. Mahmoud Dutse, gave the figure in a chat with journalists on the sidelines of a workshop on cost management. Read more

FG’s huge debts crippling financial system – CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling these debts.

The committee, in a communique issued at the end of its two-day meeting held at the headquarters of the CBN in Abuja, warned that the huge government indebtedness to economic agents had slowed down business activities. Read more

Taxpayers to get e-certificate in one week –Fowler

The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has announced that withholding tax certificate will now be emailed directly to taxpayers within one week of payment, beginning from December 1, 2016.

He made the announcement at the Tax Breakfast Meeting organised by the KPMG in Lagos. While addressing tax issues, the FIRS boss enjoined all taxpayers to take advantage of the special tax waiver window created by the agency. Read more

Private sector vital to economic recovery – Saraki

The Senate President, Dr. Bukola Saraki, says sustainable partnership between the government and private sector remains the viable solution to the current economic challenges facing the country.

He said that the infrastructural gap in the country could not be funded by the government alone, hence the need to attract foreign investors into the country. Read more

Pensioners seek N25,000 monthly minimum pension

UMBRELLA body for pensioners in the country; the Nigeria Union Pensioners, NUP, is seeking for a N25,000 monthly pension for pensioners in the country, lamenting that many pensioners are still paid less than N5,000 pension monthly despite the high rate of inflation and economic recession.

President of NUP, Comrade Abel Afolayan, who spoke at the union’s National Executive Council, NEC, also decried months of unpaid pensions by state governors, declaring that many state pensioners were being owed over 12 months, while many of across the country had remained for many months without any payment. Read more

N500b forex loss compounds manufacturers’ woes

They wore long faces, as they entered, one after another other, into the expansive hall of Golden Tulip Hotel in Lagos, venue of the 45th Annual General Meeting (AGM) of the Apapa branch of the Manufacturers Association of Nigeria (MAN).
Despite the razzmatazz and exchange of banters, it was obvious to discerning minds that the attendees at the AGM, mainly manufacturers, were barely struggling to conceal their worries and fears. Read more

Recession: It’s up to you, CBN tells government

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday admitted that its monetary policy tool has run out of options and that the economy could only get the needed support from effective implementation of fiscal policies.

The verdict formed the basis for the committee’s decision to retain benchmark rate at 14 percent and this confirms yesterday’s exclusive report by The Guardian about impending depression as there is no harmony between monetary and fiscal policies of government. Read more

Echoes from the past, as Falcons, Black Queens clash in Cameroun

The Super Falcons will have their hands full this afternoon when they confront the Black Queens of Ghana in their second group match in the on-going African Women Nations Cup holding in Cameroun. This potential energy-sapping encounter is billed for the hilltop Omisports Stadium, in Limbe, a tourist destination here in Cameroun.

Matches between the two teams have always been explosive and tension soaked, mainly due to rivalry existing between the two countries in the round leather game. Read more

Mali launch redemption campaign

Losing 6-0 can be a devastating affair for any football player and Mali are not any different following their result against Nigeria on Sunday but head coach Oumar Guindo has revealed that his players have since recovered.

Mali returned to the Africa Women’s Cup of Nations for the first time since 2010 but after just the first game find themselves on the back foot with their work cut out when they take on Kenya on Wednesday in their second match at the biennial tournament. Read more

Real Madrid, Leicester into Champions League last 16

Holders Real Madrid were one of five teams to qualify for the last 16 of the Champions League on Tuesday along with Leicester, Juventus, Bayer Leverkusen and Monaco.

They join last year’s runners-up Atletico Madrid, Arsenal, Paris Saint-Germain, Bayern Munich and Borussia Dortmund, who had already booked their spot in the last 16 with two group games to spare. Read more

‘He will restore our pride’ Americans reveal on Newsnight why they voted for Trump

AMERICANS have revealed during Newsnight that Donald Trump will “restore pride” in their country following his shock win in the US Presidential election.

Many people had written the Republican candidate off but following his landmark victory, questions have been asked about why the American people voted for Trump. Read more

US-Iranian citizen convicted in US for trying to buy missiles for Iran

A dual citizen of Iran and the United States was found guilty on Tuesday on charges that he tried to help acquire surface-to-air missiles and aircraft components for the government of Iran in violation of US sanctions.

Reza Olangian, 56, was convicted by a federal jury in Manhattan on all four counts he faced, including conspiring to acquire and transfer anti-aircraft missiles, prosecutors said. Read more

US navy’s most expensive destroyer breaks down in Panama Canal

The most expensive destroyer ever built for the US navy has suffered an engineering problem in the Panama Canal and had to be towed to port.

US Third Fleet spokesman commander Ryan Perry said a vice-admiral directed the USS Zumwalt to remain at ex-Naval Station Rodman in Panama to address the issues, which arose on Monday. Read more

Japan and South Korea to Share Military Information About North Korea

South Korea and Japan agreed to directly share military information such as satellite tracking of North Korea’s missiles, reflecting increasing concerns about the threat from Pyongyang’s accelerating weapons program.

The pact, signed in Seoul on Wednesday, removes the need for the U.S. to be a go-between with intelligence from its allies, who have struggled to build cooperative ties due to lingering legacies of Japan’s.. Read more

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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