October 20, 2017

*Saraki fails to stop trial* * DSS Keeps Mum over Death of Operatives in Lagos*

*Saraki fails to stop trial* * DSS Keeps Mum over Death of Operatives in Lagos*

Sabinews Daily News Update for September 18, 2015

 

National News

Saraki fails to stop trial

Senate President Bukola Saraki failed yesterday to stop his arraignment today before the Code of Conduct Tribunal (CCT) in Abuja

A Federal High Court in Abuja refused his prayer for an ex-parte order restraining the CCT, the Code of Conduct Bureau (CCB) and the Office of the Attorney General of the Federation (AGF) from proceeding with his planned arraignment on a 13-count charge brought against him by the Office of the AGF. Read more

DSS Keeps Mum over Death of Operatives in Lagos

Over 48 hours after 10 operatives of the Lagos Command of the Department of State Security (DSS) were brutally murdered at the Isawo area of Ikorodu in Lagos, the authorities are yet to speak on the incident.

Although it was first reported that the incident took place at Arepo, THISDAY can authoritatively report that it was at Isawo in Ikorodu that the personnel were ambushed and killed. Read more

Six held for alleged bid to swallow $156,000 cash

SIX persons, including a Bureau de Change (BDC) operator, have been arrested for allegedly trying to swallow $156,000 in a money laundering bid.

The National Drug Law Enforcement Agency (NDLEA) Joint Task Force (JTF) smashed the money laundering syndicate at a hotel on Airport Road, Ikeja, Lagos. Read more

States to share N535.5b

Another “bonanza” has landed for states. They are to share N535.5 billion —the Federal Government’s reimbursement of the cash spent on federal roads.

The decision was taken at yesterday’s National Economic Council (NEC) meeting at the State House, Abuja. Read more

Woman arrested for ‘kidnapping’ three kids

A 42-year-old woman, Mrs Nimotu Raheem, was yesterday paraded by Lagos State Commissioner of Police Fatai Owoseni for allegedly kidnapping three children at an Arabic School in Itire-Ikate, Surulere, Lagos.

The children are a set of twins Taiye and Kehinde, 4 and a 16-month old boy, Fatai Adeola. Read more

APC berates PDP for distracting Buhari

THE Lagos State chapter of the All Progressives Congress (APC) yesterday berated the Peoples Democratic Party (PDP) for the ‘’irrational heckling and outlandish statements’’ on the administration of President Muhammadu Buhari.

Accusing the PDP of plotting to pit the millions of Nigerians, who voted for “change” against the Federal Government by distracting the Buhari administration, the ruling party urged the rival party to bury its head in shame. Read more

UN chief urges monitoring of Development Goals

United Nations (UN) Assistant Secretary General for Policy and Coordination Thomas Gass has urged Nigerians to engage their leaders on the implementation and monitoring of the soon-to-be-adopted Sustainable Development Goals (SDGs).

Gass spoke at an international news conference yesterday with a team of Nigerian journalists from the United Nations Information Centre in Lagos through a WebEx (video) link to New York. Read more

INEC Electoral Officer denies rigging in Rivers poll

A witness for the Independent National Electoral Commission (INEC) yesterday said allegations of rigging and the hijack of electoral materials in the Rivers governorship election were false.

An Electoral Officer (EO), Mr Ebikoru Tebekaemi, gave evidence in support of INEC at the Governorship Election Petitions Tribunal sitting in Abuja. Read more

Four killed in Port Harcourt gas explosion

A gas explosion last night rocked River State capital Port Harcourt killing four persons.

The explosion took place in a panel-beaters’ workshop at Eliozu-Port Harcourt, near the office of ABC Transport Company, on the ever-busy Easy-West Road. Read more

WAEC adjusts exam timetable for Sallah

The West African Examination Council (WAEC) has adjusted the timetable of the September/October 2015 West African Senior School Certificate Examination for private candidates to meet the demand of Muslim candidates.

Head of WAEC’s National Office Mr Charles Eguridu announced this yesterday in Abuja at a media parley with the Education Correspondents Association of Nigeria (ECAN). Read more

NLC, ICPC to monitor bailout funds in states

The Nigeria Labour Congress (NLC) has said it will partner the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to monitor the disbursement and use of the N338 billion bailout funds in 27 states.

Its President, Comrade Ayuba bailout Wabba, in a statement in Abuja, said he had directed councils in the benefiting states to be on the alert. Read more

Unveiling of Ibru University Holds Saturday

As part of its renewed determination to extend the frontiers of quality education to all Nigerians, particularly Deltans, the Michael and Cecilia Ibru University has disclosed that it will tomorrow make a formal presentation of the Michael and Cecilia Ibru University to the Delta State Government.

The university in a statement made available  to THISDAY by it Public Relations Officer, Mr. Festus Anyasi, disclosed that the presentation would take place at the Multi Purpose Hall, Power of Faith Building, the Michael and Cecilia Ibru University, Ibru Village, Agbarha-Otor, Delta State, by 11a.m. Read more

Road projects: NEC okays N535.5bn refund to states

The National Economic Council at its meeting on Thursday approved the reimbursement of N535.5bn to states for the funds they spent on federal roads.

The Oyo State Governor, Chief Abiola Ajimobi, stated this while briefing state House correspondents after the meeting in Abuja. Read more

Malaria death rate drops by 60% in 15 years –WHO

Malaria death rate has plunged by 60 per cent since 2000, translating into 6.2 million lives, mainly children saved, a joint World Health Organisation and UNICEF report released on Thursday has said.

The report, which was made available to newsmen in Lagos, was entitled, “Achieving the Malaria Millennium Development Goal Target.’’ Read more

ICPC to try randy lecturers for rape

The Independent Corrupt Practices and other related offences Commission has concluded arrangement to prosecute two lecturers allegedly involved in rape cases.

The Dean of the Faculty of Law, University of Calabar, Prof. Cyril Ndifon, was accused of sexually assaulting a 20-year-old Law student in the institution, while a lecturer at the University of Lagos, Dr. Akin Baruwa, allegedly raped a young lady seeking admission to University. Read more

Economy

MAN canvasses ‘development economics’

The Manufacturers Association of Nigeria (MAN) is pushing what it calls development economics as against the unfettered opening of the country  to cheap and sometimes substandard  goods. It said unrestricted access to “our markets promotes unemployment and poverty”.

NAN President  Dr. Frank Jacobs, responding to a statement credited to  US Assistant Secretary, Bureau of Economic and Business Affairs, Charles H. Revkin, warning Nigeria of the dangers of shutting out foreign competitors, said MAN recognised the  disadvantage the country would be exposed to if it opens up its economy to indiscriminate trade relations with advanced countries. Read more

Economic downturn: 60,000 construction workers sacked

No fewer than 60,000  construction workers have lost their jobs in the last four months, the National Union of Civil Engineering Construction, Furniture and Wood Workers (NUCECFWW) has said.

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The union’s President, Comrade Amechi Asugwuni, blamed  the development on the country’s economic downturn. Read more

Firm to invest N14b in Lagos

A German investor, Mrs Isabel Knauf, is poised to establish an arm of her construction and manufacturing firm, Knauf Group International, in Lagos.

Knauf made this known during a visit of a group of diplomats and investors, led by the German Ambassador, Mr Michael Zenner to Governor Akinwunmi Ambode at Ikeja. Read more

Taraba, A’Ibom, Enugu, Nine Other States Restructure N252bn Loans to Bonds

Twelve more states have applied to the Debt Management Office (DMO) for their commercial loans with 12 banks valued at N252 billion to be restructured into Federal Government of Nigeria (FGN) Bonds as part of the relief package approved by the federal government for fiscally-challenged states of the federation, the National Economic Council (NEC) has disclosed.

The 12 states bring to 23 that will issue N574.78 billion in bonds under a debt-restructuring programme aimed at reducing their debt service obligations. Last month, 11 states had restructured N322.78 billion of their commercial loans with five banks to FGN Bonds. Read more

CBN: Nigerian Banks, the Most Regulated in the World

The Deputy Governor of the Central Bank of Nigeria (CBN) in charge of economic policy, Mrs. Sarah Alade, has said banks operating in Nigeria are one of the most regulated in the world and expressed optimism that the era of bank failure was gone.

Alade declared this at the second Adegboyega Awomolo and Associates Colloquium in Abuja where she dismissed the insinuations that the action of JPMorgan would lead to collapse of the Nigerian banks. Read more

TSA: Do Not Panic, Emefiele Tells Banks, Investors

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, thursday also ruled out further devaluation of the naira and told investors and banks not to panic about the government moving its funds to the central bank, a move that has drained about N1.2 trillion from the financial system.

In an interview with Reuters, Emefiele said he was ready to inject liquidity if needed into the interbank market, which dried up this week following a directive to government departments to move their accounts into a Treasury Single Account (TSA) at the central bank. Read more

Oil and Gas

Alakija: Onshore Oil Taxation Too High

Nigeria’s 85 per cent tax on onshore crude oil production is dissuading local investors from taking over assets from international oil companies, said Folorunso Alakija, an energy tycoon and the nation’s richest woman.

Famfa Oil Limited, founded in 1991 by Alakija, 64, has sought to acquire stakes in onshore oil fields, yet sees the tax regime as a deterrent, she said in an interview with Bloomberg in her office in Lagos, the commercial capital. Read more

Oil Firm Refutes Allegations of Illegality in NNPC Contracts

An oil servicing company, PPP Fluid Mechanics Limited (PPPFM), has denied any engagement in illegality in the process of obtaining and executing its contracts awarded by the Nigerian National Petroleum Corporation (NNPC).

The Managing Director and Chief Executive Officer of the company, Mr. Kunle Oyelakun, in response to a publication by an online newspaper, accusing his company of under-hand dealings in the transportation of crude oil to the Warri and Port Harcourt refineries, as well as providing security services, stressed that all the allegations were wrong and backed up by no facts what so ever. Read more

Bayelsa Govt Warns Erring Firms on Oil Spills

The Bayelsa State Government has warned business operators, especially oil firms operating in the state to strictly comply with guidelines for oil spill response to avert further environmental degradation.

The state warned that stiff penalties await any firm that fail to adhere strictly to its directive as it was no longer ready to tolerate any violations henceforth. Read more

Navy Acquires Israeli Surveillance System to Tackle Oil Theft

In a bid to tackle crude oil theft and bring it to an end, the Nigerian Navy (NN) Thursday said it had acquired Israeli-installed mass civil surveillance system known as Falcon Eye.

This system, they said, would enable it monitor and track suspected crude oil thieves and other sea criminals within the country’s territorial waters. Read more

NEITI wants increased penalties for errant oil firms

The Nigeria Extractive Industries Transparency Initiative on Thursday called for an amendment to its law so as to allow it to double civil monetary penalties on mining, oil and gas companies that provide false information regarding volumes of production, sales and income. Read more

Power

Troops to secure power assets –FG

To curb acts of vandalism and destruction of power assets across the country, the Nigerian military will secure infrastructure belonging to power distribution and generation firms as well as those owned by the Transmission Company of Nigeria, the Federal Government has said.

It was learnt that the resolution was reached at a meeting in Abuja, which had in attendance officials of the Federal Ministry of Power, the power generation and distribution companies, TCN, Electricity Market Operator, Nigeria Electricity Liability Management Company, Nigerian Electricity Management Services Authority and all other key players in the sector as well as officers from the military high command. Read more

Sports

UEFA CHAMPIONS LEAGUE: Oliseh glad to see Moses Simon in action

Super Eagles coach Sunday Oliseh was happy to see former Flying Eagles player, who featured for the Super Eagles recently, Moses Simon start for KAA Gent in the UEFA Champions League Wednesday night.

Moses Simon made his debut in the money spinning UCL for his Belgian club, KAA Gent and the Super Eagles manager, Oliseh was glad to see him start against French club, Olympique Lyon. Read more

Sack Notice Affected Falcons – Coach

Coach of Nigeria’s Super Falcons Chris Danjuma has admitted the news of him being relieved of his job regardless of how the Falcons performed at the women’s football event of the All Africa Games, had an adverse effect on his team.

NFF president Amaju Pinnick had announced that Nigeria would be appointing a foreign coach for the Super Falcons this week while the team were in the thick of competition. Read more

Bronze is better than nothing – Siasia

Nigeria Under-23 coach, Samson Siasia has said that despite the fact that he is not happy with the team’s performance at the 11th edition of the All Africa Games, a bronze medal is, however, a consolation.

Dream Team VI in the third place game defeated host country Congo 5-3 on penalties after game ended 0-0 at the regulation period in a match held at the Masamba Stadium on Thursday. Read more

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World News

8 gunmen killed as Taliban attack Pakistan air force base

Taliban gunmen stormed a Pakistani Air Force base in the volatile northwestern city of Peshawar early on Friday, a military spokesperson said, the first major attack on a military installation in several weeks.

A group of militants attacked a guard post and tried to force their way into the Badaber air base, Major General Asim Bajwa said on Twitter. Eight attackers had been killed so far, he said, and 10 soldiers wounded. Read more

Burkina Faso soldiers crush protests as military seizes power 

Heavily armed troops crushed protests in Burkina Faso’s capital Ouagadougou after a former spy chief seized power in a military coup on Thursday, derailing a democratic transition that had inspired many in Africa.

At least three people were killed and more than 60 injured, according to hospital sources, when members of the presidential guard fired warning shots to disperse crowds and used batons to beat back stone-throwing demonstrators.  Read more

Brazil no guide for SA rating, says S&P

Rating agency Standard & Poor’s (S&P) is the second to reassure SA that it is not about to suffer a credit downgrade.

After Brazil’s move to “junk” or subinvestment grade status last week, there was a flurry of speculation that SA, among other emerging markets, was vulnerable to a ratings drop. Read more

Taiwan says Burkina Faso coup won’t affect ties

Taiwan’s diplomatic ties with Burkina Faso, one of its few remaining allies, should not be affected by a military coup there as its new leader is familiar with the Taiwan issue, the island’s foreign ministry said on Friday.

Burkina Faso is one of the three remaining countries in Africa – along with Swaziland and Sao Tome and Principe – that have formal diplomatic relations with Taiwan, with most countries recognising China instead. Read more

Lufthansa reorganises to target dual market

Deutsche Lufthansa will organise its airlines into two units: one focused on premium services and the other on no-frills flights, to tackle the double threat from low-cost carriers offering cheaper tickets in Europe and airliners from the Persian Gulf outclassing it on services to Asia.

Lufthansa would group its namesake brand along with its Swiss and Austrian units into a hub group, the carrier said. Read more

Exporters should look to sub-Sahara Africa

The steady flow of migrants from Africa to Europe this year has painted a bleak picture of life on the continent.

However, a report to be published today by British bank Barclays outlines the significant potential that exists for Irish exporters in sub-Sahara Africa. Read more

Armed men attack Libya’s National Congress

Armed men are reported to have stormed the General National Congress (GNC) in Tripoli yesterday as it met to discuss acceptance of the amended Libya Dialogue Draft and to propose names for the posts of prime minister and deputy prime minister.

It is reported, but unconfirmed, that those behind the attack are Dialogue opponent Salah Badi, Sami Saadi, and Abdurraouf Al-Manaie. Read more

Canada election 2015: second debate focuses on economy, oil and refugees

The economy, the oil industry, and the Syrian refugee crisis were front and centre on Thursday in Canada’s national election campaign as federal leaders traded barbs in a crucial second debate.

The stakes were high for Conservative Stephen Harper, New Democrat Tom Mulcair and Liberal Justin Trudeau, whose parties have been locked in a three-way dead heat since the election was called in early August. Read more

China relaxes adoption rules for abandoned, trafficked children

China relaxed rules for the legal adoption of trafficked or abandoned Chinese children, state media reported on Friday, as the government works to combat the pervasive problem of child trafficking.

Trafficking of children is a serious problem in China, where the government said it rescued 13,000 abducted children last year. Many of those infants end up in state-run orphanages or other public welfare facilities. Read more

Eight gunmen killed as Taliban attack Pakistan air force base

Taliban gunmen stormed a Pakistani Air Force base in the volatile northwestern city of Peshawar early on Friday, a military spokesman said, the first major attack on a military installation in several weeks.

A group of militants attacked a guard post and tried to force their way into the Badaber air base, Major General Asim Bajwa said on Twitter. Eight attackers had been killed so far, he said, and 10 soldiers wounded. Read more

How the Pope played a crucial role in US-Cuba deal

Pope Francis will land in Cuba on Saturday with his credentials already polished – not just as one of the most popular pontiffs of modern times, but as the man who played a key role in forging the historic detente between Havana and Washington.

His decision to visit Cuba immediately before his three-city tour of the United States is being seen as highly symbolic – both as an affirmation of the diplomatic thaw, and as a reminder to the Americans of the Vatican’s view that the crippling US trade embargo against the island nation is unjust and needs to be lifted. Read more

Sustainable development summit ideal forum for Cameron to help Syrian people

David Cameron’s recent visit to Jordan, where he spoke to Syrian people in the massive Zaatari refugee camp and neighbouring Zaatari village, will have furnished the British prime minister with a fresh perspective ahead of the UN general assembly in New York next week.

Zaatari camp, which would now be Jordan’s fourth largest city, is a sprawling mass of misery. It houses tens of thousands of Syrian refugees with no jobs, fractured families, little to do and nowhere to go. Bad as it is, it is still infinitely better than the living conditions of a vast number of Syrians – of whom 11 million have been displaced over the past four and a half years. It is no wonder so many are making the treacherous journey across the Mediterranean. Read more

Angela Merkel and the revival of the sick man of Europe

In Wolfgang Becker’s classic tragicomedy Good Bye, Lenin!, released two years before Angela Merkel won the 2005 German elections, a woman slips into a coma after a heart attack and misses the fall of the Berlin Wall. When she comes to, the world has changed so completely beyond recognition that her children have to conceal the harsh new reality to prevent another breakdown. Read more

Undeterred by border closure, migrants stream into Croatia

Migrants continued to stream into Croatia from Serbia on Friday, walking through fields around one of seven road border crossings that Zagreb closed after an influx of some 11,000 people in two days, a Reuters reporter said.

Croatia late on Thursday announced it had shut almost all road crossings from Serbia, saying it could not take in any more migrants.  Read more

 

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