Sabinews Morning News Update for December 7, 2015
Boko Haram: December deadline stands, says Fed Govt
There is no going back on the December deadline to crush Boko Haram insurgents and end the sect’s activities in the Northeast, the Federal Government restated yesterday through Information & Culture Minister Lai Mohammed.
The reassurance came even as Borno State Governor Kashim Shettima said the northeastern state has seen the worst of terrorists’ activities. Read more
28 states technically bankrupt –Ajimobi
Oyo State governor, Abiola Ajimobi, raised the alarm yesterday that, about 28 of the 36 states of the Federation are technically bankrupt.
Ajimobi disclosed this when he delivered the seventh annual Lateef Femi Okunnu lecture entitled: “State Financing and Over-dependence on Oil: Issues and Challenges,” organised by Muslim Law Students of the Obafemi Awolowo University (OAU), held at Ile-Ife, at the weekend. Read more
PDP leads in Bayelsa poll
Results of weekend’s governorship election were trickling in last night with the ruling Peoples Democratic Party (PDP) leading its closest rival – the All Progressives Congress (APC).
The PDP was leading in four of the five local government areas declared by the Independent National Electoral Commission (INEC) last night. The APC won in one. Read more
$2b arms: EFCC weighs its options on Jonathan
Will the Economic and Financial Crimes Commission (EFCC) invite ex-President Goodluck Jonathan to say all he knows about the controversial $2 billion arms deals?
Will the anti-graft agency take evidence from the ex-President in camera? Read more
N1trn Rail Contracts: Reps C’ttee Summons Bamanga Tukur, Baraje, Others
The House of Representatives Ad-hoc Committee investigating Rail Transport Contracts has summoned four former chairmen of the Nigerian Railway Corporation (NRC) to appear before it on Thursday over alleged N1 trillion failed rail contracts.
Those to appear before the committee include three former national chairmen of the Peoples Democratic Party (PDP): Alhaji Bamanga Tukur, Abubakar Kawu Baraje, who is now an All Progressives Congress (APC) chieftain, and Dr. Halliru Bello, who is now the party’s BoT chairman; with another party stalwart, Amb. Ladan Shuni, who are all ex-bosses of NRC at different times. Read more
SAMBISA FOREST: Troops destroy 15 terrorist’s camps, rescue women, children
The Nigerian military has commenced air and land strikes deep inside Sambisa forest destroying about 15 heavily fortified camps. In the ensuing onslaught, the military killed scores of terrorists’ and arrested some of them while most of their weapons and equipment were destroyed. Scores of abducted captives including women, girls and children were also rescued.
Confirming the movement into the forest, Acting Director, Army Public relations, Col. Sani Usman said: “Advancing troops of the Nigerian Army, supported by the Nigerian Air Force were able to clear and destroy Boko Haram terrorist’s camps at Shuari, Adembe, Yerimari Kura, Yerimari Gana, Gonin Kurmi, Kore, Mainya Kore, and Lopere. Read more
Nigeria, Others Require $1.3trn to Meet Food Consumption Demands by 2050
Irish Minister for Agriculture, Food and the Marine, Simon Conveney has predicted that Nigeria and the rest of sub-Saharan Africa need 1.2 trillion Euros or $1.3 trillion to meet the consumption demands of their growing population by 2050.
To this end, he said Nigeria and the rest of Africa must take agriculture seriously to avoid massive conflict across the continent because of unemployment and food scarcity. Read more
INEC Returning Officer Faults Nullification of David Mark’s Election
The Returning Officer of the Independent National Electoral Commission (INEC) in the nullified Benue south senatorial election, Professor Latif Tiamiyu, has insisted that the commission followed due process in declaring the former Senate President, David Mark, the winner of the election.
Mark’s election was nullified by the Court of Appeal in Makurdi, on the grounds that the result was announced while collation was ongoing. While faulting the decision of the appellate court, Tiamiyu insisted that the result of the poll was announced after the collation had been completed. Read more
Ambode approves 105 additional road maintenance gangs
Lagos State Governor Mr. Akinwunmi Ambode has approved the recruitment of 105 maintenance gang workers into Lagos State Public Works Cooperation, LSPWC, to boost the on-going rehabilitation of roads in the state.
Mr Ayotunde Sodeinde, General Manager, LSPWC, while disclosing the recruitment of the gangs, said the move was part of the administration’s determination to reduce the rate of unemployment and also tackle headlong the deplorable state of roads in the state. Read more
Ribadu opens up on $60b looted funds, $15m bribe from Ibori
A former Chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu, at the weekend said about $60billion looted funds left Africa yearly.
He said ex-Delta State Governor James Ibori attempted to bribe him with $15million in two big bags, but he resisted. Read more
Lekki residents want alternative routes before mall’s operations
The about 1.5 million residents of the 10 estates around the Jakande Roundabout in Lekki, Lagos State, say RMB West Port, owners of Circle Mall, must provide them with alternative routes before it opens its mall on December 17, 2015.
The residents from the 10 estates in the area, with each of them having no fewer than 150 residential buildings, said the routes would enhance effective traffic control. Read more
DSS arrests officers involved in N310m robbery
The Department of State Services said in Abuja on Sunday that the agency had arrested two out of five of its operatives who robbed a Bureau de Change operator and carted away N310m.
The robbery took place on November 20 while the stolen money belonged to a BDC operator in Abuja. Read more
Ignore Dasuki, Dokpesi supporters, Falana tells Buhari
Human rights lawyer, Mr. Femi Falana (SAN), on Sunday urged President Muhammadu Buhari to ignore those criticising the arrest and detention of a former National Security Adviser, Sambo Dasuki; the Chairman of Daar Communications, Chief Raymond Dokpesi; and other suspects in the alleged $2.1bn arms purchase fraud.
Falana, in a statement on Sunday, faulted the allegations by some lawyers that the order obtained by the Economic and Financial Crimes Commission from a magistrate’s court to detain some of the suspects for 14 days had no legal basis. Read more
Lai Mohammed visits Borno, urges support for troops
The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government will complement the efforts of military authorities at containing insurgency by bridging the information gap between the military and the media.
Mohammed, in a statement issued on Sunday by his Special Adviser, Segun Adeyemi, said the Federal Government would soon begin a massive nationwide campaign to sensitise and enlist the support of all Nigerians for the war. Read more
Minimum wage: Labour begins mobilisation against govs
The Nigeria Labour Congress (NLC), at the weekend, directed affiliates all over the Federation to begin mobilisation against any state governor who attempts to reverse payment of the N18,000 minimum wage.
This is even as it called on the ruling All Progressives Congress (APC) and the opposition Peoples Democratic Party (PDP) to call their governors to order, warning that any attempt to renege on the payment of the national minimum wage or engage in mass sack of workers will throw the country into industrial disharmony and chaos either now or in the new year. Read more
475,180 Jobs Created In 3rd Quarter 2015 – NBS
The Nigeria Bureau of Statistics (NBS) has revealed that a total of 475,180 jobs were created in the third quarter of 2015, while the number of unemployed Nigerians of working age dropped from 29.5 million to 28.3 million in the second quarter of the year, by the end of September.
The NBS made this disclosure in its latest quarterly survey on job creation. Read more
DMO, NSE Plan Product for Retail Bond Investors
The Debt Management Office (DMO) and Nigerian Stock Exchange (NSE) are developing a product that will enable retail investors to invest in Federal Government of Nigeria (FGN) bonds and enjoy steady returns on their investments.
The FGN bonds, which are fixed income investments, are seen as the exclusive preserve of the high networth investors, requiring millions of naira to invest in. However, as part of efforts to make the FGN bonds accessible to retail investors, the DMO appointed Stanbic IBTC Stockbrokers to ensure that with N10,000 they can stake their funds on the bonds. Read more
SEC Boss Wants Telcos Sanctioned for Failure to List on Stock Exchange
The Director General, Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo has called on the federal government to impose sanctions on telecommunications companies, which fail to list on the Nigerian Stock Exchange in order to afford Nigerians the opportunity to invest in the companies.
He said the current economic situation had further necessitated the need for telcos to list on the floor of the exchange immediately. Read more
Looking beyond positive GDP growth rate
The National Bureau of Statistics (NBS) released its third quarter (Q3) 2015 Gross Domestic Product, (GDP) report recently, which showed that in spite of the macroeconomic challenges faced during the period, the economy grew by 2.8 per cent year-on-year.
This is heart-warming considering the several down-turns in almost all indices of economic performance this year. The GDP had been in steady decline since the fourth quarter of 2014 with massive slides in the first two quarters of this year. Read more
Oil and Gas
NLNG’s Supply of LPG to Domestic Market Drops to 30%
The challenges of infrastructure and logistics have forced the supply of Liquefied Petroleum Gas (LPG) to the domestic market by the Nigeria LNG Limited to drop from 90 per cent to 30 per cent, the Chief Executive Officer of Ultimate Gas Limited, Mr. Auwalu Ilu has revealed.
Speaking at a special session on ‘LPG Transport, Infrastructure and Logistics – Challenges and Opportunities,’ at the recently-concluded fifth Annual Conference of the Nigeria LP Gas Association, Ilu said inadequate vessels to load LPG and jetty facilities for berthing of LPG vessels had created a dwindling supply of the product from the Bonny Island plant of the NLNG. Read more
Govt to raise funds from investors for JVC
The Federal Government has expressed its readiness to raise funds from international investors and the private sector next year, to fund the Joint Venture Cash (JVC) call between the Nigerian National Petroleum Corporation (NNPC) and international oil companies operating in the country.
The Minister of State for Petroleum Resources and the Group Managing Director of the NNPC, Dr. Ibe Kachikwu, spoke at an interactive session with Nigerians living in Vienna, Austria. Read more
CAF Club Championships: NFF to parley with Nigeria’s representatives
The Nigeria Football Federation (NFF) has hinted that the four clubs representing the country in continental club competitions next year would soon be called for a meeting to intimate them about what to expect while playing in Africa.
Enyimba and Warri Wolves will hoist the country’s flag in the CAF Champions League while Akwa United and Nasarawa United are Nigeria’s representatives in the CAF Confederation Cup. Read more
Govt reject Naira rain for victorious Eaglets
A reward package proposed by the sports ministry for Nigeria’s team to the recent FIFA U-17 World Cup in Chile has been rejected by the country’s government as “too outrageous”, sources at the Presidency have revealed.
The government of President Muhammadu Buhari has sounded it loud and clear the country’s coffers are hugely depleted and as such it cannot afford unnecessary expenditure. Read more
Some Nigerian Fans Expelled from Dakar over Biafra Flag
Some Nigerian football fans were on Saturday expelled from the Dream Team VI clash with Algeria for displaying Biafran flags.
According to online website, PremiumTimes, the fans were expelled minutes after they displayed Biafran flags alongside Nigerian flags at the U-23 African Cup of Nations holding in Dakar, the Senegalese capital. Read more
Egyptian Gas Providers Ordered to Pay Israel $1.76 Billion
Israel’s state-owned electric utility said Sunday that Egyptian natural-gas companies have been ordered to pay it $1.76 billion in compensation for halting gas supplies.
Egyptian Prime Minister Sherif Ismail said Egypt would appeal the decision by an international arbitrator, state-run MENA news agency reported. Read more
Burkina Faso: General facing charges linked to ‘Che Guevara of Africa’ killing
Authorities in Burkina Faso have charged a general who led a failed coup in September with complicity in the 1987 assassination of President Thomas Sankara, senior security sources have said.
The murder of Sankara, who was seen as “Africa’s Che Guevara”, is one of the most high-profile killings in Africa’s post-independence history and the charge against General Gilbert Diendere appears to represent a breakthrough in a case that has haunted the West African country for decades. Read more
Libyan Politicians shun UN-brokered peace deal
Politicians from Libya’s rival parliaments have reached a power-sharing agreement in Tunisia, shunning a UN-brokered deal aimed at ending the conflict.
Speaking at a press conference, the internationally recognised government’s representative Ibrahim Amash announced they struck a separate deal with the Islamist government to avoid the “foreign intervention” tainting the UN-sponsored agreement. Read more
Egypt Intends to to Replace Turkey’s Agricultural Exports to Russia
Egypt informed the Russian side on its desire to enhance supplies of agricultural products to the country following the introduction by Moscow of restrictive economic measures against Turkey, Russia’s agricultural watchdog Rosselkhoznadzor said Friday.
Earlier in the day, representatives of the Rosselkhoznadzor have held talks with the officials from the Egyptian Embassy’s Commercial Office, initiated by the Egyptian side, Sputnik reported. Read more
Singapore displaces Mauritius as top FDI source
Singapore has displaced Mauritius as the top source of foreign direct investment (FDI) in India during the first half of this fiscal.
Figures compiled by the Department of Industrial Policy and Promotion show that during April-September, India attracted $6.69 billion (Rs 43,096 crore) FDI from Singapore and $3.66 billion (Rs 23,490 crore) from Mauritius. FDI from Singapore has more than doubled from $2.41 billion in the year-ago period. Read more
Pressure mounts on Uhuru over Eurobond
The heat over the expenditure of the proceeds of the Sh250 billion Eurobond intensified yesterday, as the Cord and Amani leaders piled pressure on the government to tell Kenyans the truth.
Cord leader Raila Odinga told President Uhuru Kenyatta to set up an independent forensic investigation unit both locally and internationally to look into the management of the entire Eurobond acquisition. Read more
Obama urges tech, law enforcement to address social media used for plots
The White House is urging Silicon Valley to help address the threat posed by militant groups by restricting the use of social media for planning and promoting violence, a senior administration official said on Sunday.
Last week’s mass shooting in California has moved cyber defense against extremists to center stage in Washington. Read more
Bono honours Paris and US terror attack victims at U2 concert
U2 frontman Bono has paid tribute to 130 people killed by extremists in Paris and 14 murdered in the California mass shooting, as the band performed in the French capital.
Names of Paris attack victims were projected on a huge video screen in the arena on Paris’ east side, not far from the site of the November 13 rampage. Read more
Philippine crime-fighting mayor tops opinion polls for president
A tough-talking, seven-term mayor, who has built a reputation for fighting crime in the insurgency-plagued southern Philippines, has become favourite to succeed President Benigno Aquino in May elections, an opinion poll showed on Monday.
Rodrigo Duterte, 70, mayor of Davao City, was the top-rated contender for 38 percent of 1,200 respondents, the Social Weather Stations poll said. Read more
Venezuela opposition says wins legislature, no official confirmation
Venezuelan opposition leaders said their coalition won control of the legislature from the ruling Socialists for the first time in 16 years on Sunday, though there was no confirmation from the national electoral board.
Opposition leader Henrique Capriles, prominent rights activist Lilian Tintori and another opposition leader who asked not to be identified said the Democratic Unity coalition had gained a majority in the 167-member National Assembly. Read more
Amy Winehouse movie hailed by LA film critics
Los Angeles film critics have given Amy, the story about the late pop star Amy Winehouse, the best documentary honour at their awards show.
Charlotte Rampling was another British winner, picking up the best actress award for her role in the marital drama 45 Years. Read more
China military tells officers to hold their tongues on reform concerns
High-ranking officers in the Chinese army must hold their tongues about concerns over military reform and lead from the front to ensure the rank and file are on board, the People’s Liberation Army said on Monday.
President Xi Jinping unveiled a broad-brush outline of the reforms last month, seeking further modernisation of the command structure of the world’s largest armed forces, including job losses, to better enable it to win a modern war. Read more
Thousands march in new anti-government rally in S. Korea
Thousands of demonstrators from left wing groups marched in Seoul over the weekend to protest against President Park Geun-hye’s centre right government that they say is developing anti democratic tendencies.
Associated Press: Police say Saturday about 13,000 people have turned up at the rally. The protesters, many wearing masks, carrying flowers and brandishing banners, are rallying against what they say are setbacks in labor conditions and personal and political freedoms under Park’s government. Read more