SABINEWS MORNINGNEWS UPDATE FOR OCTOBER 10, 2016
Rivers CP to be sanctioned for ‘aiding’ Governor Wike
The Commissioner of Police, Rivers State Command, Mr. Francis Odesanya, is under fire for his role in the aborted arrest of a judge of the Federal High Court, Port Harcourt, in the early hours of Saturday, The PUNCHlearnt on Sunday.
The Rivers State Governor, Chief Nyesom Wike, was said to have rushed to No. 35, Forces Avenue, the GRA official residence of the judge and prevented operatives of the Department of State Services from arresting the judge. Read more
Lagos schoolboy sick in kidnappers’ den
One of the four pupils of the Lagos Junior Model College, Igbonla, Epe, Lagos State, who were abducted by gunmen last Thursday, has fallen sick.
A source close to the family of the affected schoolboy told PUNCH Metro on Sunday that the kidnappers, however, assured the parents that they had administered treatment to him. Read more
Ambode orders demolition of structures in creeks
The Lagos State Governor, Mr. Akinwunmi Ambode, has ordered the demolition of illegal structures in the creeks across the state. He gave a seven-day ultimatum to residents in the areas to vacate them.
The governor, who spoke at the Illubirin Housing Scheme on the Lagos Island, said kidnappers and suspected militants often used such shanties as hideouts before making use of the waterways to ferry their victims to another location. Read more
LASG cleans up Ikoyi, VI
The Lagos State Government said it had cleaned up 12 streets in the Ikoyi and Victoria Island areas of the state.
The Chairman of the Special Committee on Clean-up of Ikoyi, Victoria Island and Lekki, Mr. Tunji Bello, in a statement on Sunday, said while five major streets were cleaned in Ikoyi, seven were cleaned on the Victoria Island. Read more
Buhari not yet Nigerian President – Rep
A House of Representatives member for Orumba North-South in Anambra State, Mr. Sopuluchukwu Ezeonwuka, has urged President Muhammadu Buhari to come to terms with his position as the President of Nigeria.
Ezeonwuka spoke at Oko, Orumba North Local Government Area of Anambra State on Saturday during his reception by the Okeani General Assembly. Read more
Flood submerges houses, displaces 600 in C’River
At least, 600 persons have been displaced by flood in Cross River communities while houses were submerged following rainfall in the last two months.
The flood affected 52 houses and shops in Ikami and over 48 houses in Ovonum communities of Akamkpa and Obubra local government areas respectively. Read more
Nigerian politicians have reckless mindset – Jega
A former Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, says the biggest challenge confronting the electoral body is the reckless mindset of politicians, who believe that winning an election is a do-or-die affair.
Through this mindset, Jega said Nigerian politicians had turned the nation’s electoral arena into a bloody battlefield characterised by political thuggery, snatching of ballot boxes and assassinations while creating fear in the minds of voters. Read more
Lawmaker calls for improved educational system
The lawmaker representing Apapa Constituency I, in the Lagos State House of Assembly, Mrs. Lasbat Meranda-Lawal, has called for improvement in the system of education in the country.
She said government at all levels must invest in education for the development of the country. Read more
Nigeria is Failing, Says Anyaoku
Former Secretary General of the Commonwealth of Nations, Chief Emeka Anyaoku, yesterday said Nigeria was failing and warned that the country’s federal structure as currently composed would not help Nigeria to attain nationhood.
The former diplomat, therefore, joined many other Nigerians clamouring for the restructuring of the country along a more flexible fiscal federal state that would replace the present federal structure, which retains more power and resources at the centre. Read more
NJC Meets As More Supreme Court Justices Face Imminent Arrest
The sting operations carried out by the Department of State Services (DSS) against some judges across the country are not over yet, as more judges will be arrested and likely prosecuted for bribe taking in the next few days or weeks, a senior intelligence officer told THISDAY in Abuja last night.
The DSS had on Friday night carried out sting operations in Abuja, Port Harcourt, Gombe and Kano, hauling in two justices of the Supreme Court, one justice of the Court of Appeal and four other judges of the Federal High Court, suspected to have engaged in bribery and large scale corruption. Read more
UAE Stops Issuing Visa to Nigerians
ndications have emerged that the authorities of the United Arab Emirates (UAE) have stopped issuing visas to Nigerians, following the stabbing of a police officer by a group of six boys. The incident which took place in Deira, the hub of business in Dubai, resulted in the massive arrest of blacks irrespective of their nationalities.
The officer was said to have died immediately from the injuries he sustained from the incident. A source who in the region during the incident, warned Nigerians to careful in order to avoid arrest. “Those of you have relatives in Dubai should be warned. The atmosphere is so hot especially for those without permit,” he said. Read more
Police nab gang leader, informant in Lagos landlords’ kidnap
Police have arrested five suspects, including the gang leader and an informant, in connection with the kidnap of three landlords and their trainer in Isheri North Area of Lagos State.
On September 17, gunmen stormed a recreation centre beside Lekki Gardens Estate, Lagos State, which shares a common boundary with Warewa and Wawa creeks in Ogun State, and abducted three landlords identified as Kennedy Ucheagwu, Dr. Omololu Bello, Fidelis Esang and their trainer, Olalere Olawale, while they were jogging. Read more
Report: Four-star General Earns over N20m Annually
The annual salary of a four-star General in the Nigerian Army, Nigerian Navy (Admiral) and Nigerian Air Force (Air-Chief Marshal) is estimated at about N20.69 million or N1.72 million monthly.
The report by Economic Confidential yesterday and obtained by the economic intelligence magazine revealed the Consolidated Armed Forces Salary Structure (CONAFSS) of all the rank and file of the armed forces. Read more
Kaduna Government Orders Arrest, Prosecution of Shiite Spokesman
The Kaduna State Government has ordered the arrest and prosecution of Ibrahim Musa, the spokesman of the Islamic Movement in Nigeria (IMN), otherwise known as Shiite.
The state government in a statement by the spokesman of Governor Nasir El-Rufai, Mr. Samuel Aruwan, said… Read more
Nigeria Misses Out As Pope Francis Appoints 17 New Cardinals
Nigeria was again omitted as Pope Francis I yesterday appointed 17 new cardinals across the world, 14 of which are likely successors to the Papal throne.
Announcing the new cardinals at the Vatican yesterday, Pope Francis harped on the need for the church to restore mercy, particularly in the southern hemisphere; where the Catholic Church is expanding exponentially. Read more
Tension in Osun Schools over Mass Failure in WAEC Qualifying Examination
Tight security is expected at the premises of most secondary schools in Osun State, especially in Osogbo, the state capital today, following the alleged plot by some students to protest their failure in an examination organised to select public school students that would sit for the next West African Examination Council (WAEC) school certificate examinations on the bill of the state government.
The unified examination was held in all public high schools across the state between Monday, August 23 and Friday, August 27 with over 35,000 students participating.
However, a source at the Ministry of Education said only 7,000 students made the cut-off marks for the state government’s sponsorship. Read more
2017 budget: How feasible is $42.5pb oil benchmark?
No model can readily project what the price of crude oil will be. Over the years, the price of oil has hovered between $43 and $45pb on the average.
In my view, $42.5 is suitable given some recoveries that are expected to take place in some of the energy consuming countries. Attempts to put OPEC and non-oil producing countries together to regulate the supply of oil could also make the oil price to be above $42 in 2017. With the predictions from the International Energy Agency and other international organisations, I think there are expectations that the price of oil will hover over $42. Read more
Energy: OPEC: Could production cut exemption favour Nigeria?
Hope seems to be on the horizon for Nigeria’s troubled economy battling deep recession as the Organisation of Petroleum Exporting Countries (OPEC), recently exempted Nigeria and two other countries from its planned crude oil production cut amounting 750,000 barrels among its member countries.
The decision by the cartel to unanimously speak with one voice is coming for the first time in eight years, as part of efforts to shore up crude prices which has been at an all-time low for close to two years, hitting a record low of $27 before rising to $50 recently. Read more
North moved against Jonathan because of oil blocs – Ofeimun
ON restructuring Restructuring, which is so much on everybody’s lips implies changing the arrangements in accordance with which we are being governed. It may imply just a change of arrangements but it means different things to different people. Read more
NLNG: infrastructure deficit inhibiting LPG supply, distribution
The Nigeria Liquefied Natural Gas Limited (NLNG) has identified infrastructure deficit, such as lack of receiving terminals, as the main cause of the problems in the supply and distribution of liquefied petroleum gas (LPG) also called cooking gas, across the country.
Its immediate past Managing Director, and now the Vice President, Safety and Environment (S&E), Shell Upstream International Leadership Team, Babs Omotowa, told The Nation that contrary to speculated causes of the problems that confront LPG supply locally, he said infrastructure is the major factor, adding that when it is addressed,its supply will immensely improve. Read more
Reviving Nigeria’s economy
In the midst of what some analysts describe as the worst economic downturn in decades, Nigerians have spared no effort in making known their discomfort and disappointment at the present economic realities. The grave misdeed of too much dependence on sale of crude oil for revenue generation cannot be overemphasized, this is why, when oil prices fell from more than $100 a barrel to about $40, the naira lost more than a third of its value and is still falling.
For the foreseeable future, signs abound that the price of oil will remain low, not only because of oversupply in the market but also as a result of several other indices, green technology is catching up both in cost and efficiency, also manufacturing, ICT, agriculture and other viable alternatives to oil are been embraced around the world as part of efforts to create a stable economy in order to withstand global uncertainty. Read more
CBN sets 10% limit on banks’ investment in Islamic bonds
The Central Bank of Nigeria (CBN) has set commercial banks’ investment in Islamic bonds issued by state governments to 10 per cent of the total amount on offer.
CBN’s Director, Financial Markets Department, Angela Sere-Ejembi, said the apex bank also fixed a maximum tenor of 10 years for the bonds. Read more
Fed Govt mulls TCN’s assets sale
The Federal Government may consider selling the multi-billion dollar assets of the Transmission Company of Nigeria (TCN) once the appropriate investment propositions that would support the action are in place.
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, gave this hint, during a technical session of the just-concluded power conference in Eko Hotel, Victoria Island, Lagos.
He argued that aggregation or collection of investments facts or opinions is vital to the sale of the assets transmission company. Read more
W’Bank, others to release $1.3bn for Nigeria’s development bank
The Federal Government has reached an agreement with the World Bank Group and other development partners for the release of $1.3bn for the take-off of the Development Bank of Nigeria.
The Minister of Finance, Mrs. Kemi Adeosun, said this on Sunday in Washington DC, United States of America at the closing press conference marking the end of the World Bank/International Monetary Fund’s annual meetings. Read more
First Bank, NESG partner on economic summit
Consistent with its resolve to drive financial inclusion, First Bank of Nigeria Limited, in collaboration with Nigerian Economic Summit Group (NESG) has concluded plans to host the 22nd Nigerian Economic Summit.
The summit, which is slated for October 10 – 12, 2016 at Abuja, would address the significant of public-private sector dialogue in national transformation. The event is projected to drive “consciousness and build national consensus on what is urgently required to rebuild, revamp and reinforce public-private dialogue for a collaborative and an all-inclusive economic growth”. Read more
Iwobi, Iheanacho give Nigeria a super start to World Cup qualifiers
The nation’s senior national team, the Super Eagles, yesterday in Ndola, Zambia did the unexpected, by defeating the Chipolopolo in their back yard.
Two strikes from the Premiership duo of Alex Iwobi (Arsenal FC) and Kelechi Iheancho (Manchester City) in the 33rd and 43rd minutes were all what the three-time African champions needed to secure three vital points of the encounter. Zambia’s Collins Mbesuma got a consolation goal for the home team in the 71st minute of the game. Read more
Buhari to declare 2016 NAFEST open
President Muhammadu Buhari is expected to declare open the 16th Nigerian Army Sports Festival at the National Stadium, Abuja, the News Agency of Nigeria reports.
In a statement on Sunday, the Chairman of the Organising Committee for the Games Major-Gen. John Malu confirmed the president would be at the opening ceremony. Read more
Niger to renovate stadium for Tornadoes
Niger State Commissioner for Youth Empowerment and Sports Development, Mamman Musa, has said the renovation of the Bako Kontagora Memorial Stadium, Minna, is the state government’s top priority.
According to Musa, the renovation of the stadium will boost the morale of Premier League club Niger Tornadoes. Read more
Murray defeats Dimitrov to win China Open
Andy Murray beat Grigor Dimitrov in straight sets to win the China Open in Beijing yesterday as he closes in on Novak Djokovic’s No 1 ranking.
The world No 2 did not drop a set as he romped through the tournament to claim his fifth title of the year and 40th of his career with a 6-4, 7-6 (7/2) win. Read more
Clinton and Trump trade blows in bruising US presidential debate
Donald Trump has claimed Hillary Clinton should be in jail and accused former US president Bill Clinton of being “abusive to women” in a tense second presidential debate.
The Republican candidate met women who have accused Mr Clinton of rape and other unwanted sexual advances shortly before the debate and claimed Mrs Clinton should be “ashamed” for attacking her husband’s accusers. Read more
Nine Police Have Been Killed in Border Post Attacks in Western Burma
Nine policemen were killed Sunday in what appears to have been a coordinated attack on three border posts in western Burma, officially known as Myanmar.
Police told the BBC that members of the Rohingya ethnic group, a stateless Muslim minority that lives primarily in Burma’s western Arakan State, which borders Bangladesh, carried out the attacks. Read more
Taiwan president calls on China to engage in talks with Taiwan
Taiwan President Tsai Ing-wen called on Monday on China to engage in talks with Taiwan, pledging to maintain peace with the island’s giant neighbour.
“The two sides should sit down and talk as soon as possible. As long as they are conducive to the peaceful development of the two sides of the (Taiwan) Strait and to the well-being of the people on both sides of the Strait, anything can be discussed,” Tsai said in a National Day speech. Read more
Samsung halts production of Galaxy Note 7 phone after battery fires – reports
Samsung’s smartphone recall crisis has deepened after South Korean media said the tech giant had suspended production of its troubled Galaxy Note 7 model amid reports that replacement devices had caught fire
Citing an unnamed source at a Samsung supplier, the news agency Yonhap said the company on Monday decided to halt production of the smartphone, one of the most advanced and expensive products of its kind on the market. Read more