*EFCC didn’t find N2.5bn in my maid’s account – Oduah *Why U.S stopped importation of Nigeria’s crude oil – Envoy

*EFCC didn’t find N2.5bn in my maid’s account – Oduah *Why U.S stopped importation of Nigeria’s crude oil – Envoy

SABINEWS EVENING NEWS UPDATE FOR JULY 4, 2016

EFCC didn’t find N2.5bn in my maid’s account – Oduah

The member representing Anambra North Senatorial District in the upper chamber, Senator Stella Oduah, has described as false and malicious, an on-line media report which alleged that the Economic and Financial Crimes Commission, discovered N2.5bn in the bank account of one of her maids. Oduah, in a statement by her media aide,  Francisca Onyeisi, and made available to our correspondent in Abuja on Monday, maintained that the report was a mere figment of the reporter’s imagination. The statement reads, “We will like to state unequivocally that this report is totally false, baseless and at best the imagination of the platform who is only set out to extort and blackmail leaders in its continuous attempt by their paymasters to break the rank of Senators of the 8th Assembly.” Read more

Why U.S stopped importation of Nigeria’s crude oil – Envoy

The United States Ambassador to Nigeria, Mr. James Entwistle, has said there is no hidden agenda behind his country’s decision to stop crude oil purchase from Nigeria. Ertwistle, said this while fielding questions from journalists at the 240th Anniversary of the U.S Independence in Abuja. Read more

Fani-Kayode, Usman granted bail

The Federal High Court in Lagos on Monday granted former Minister of Aviation, Chief Femi Fani-Kayode and his Finance counterpart, Senator Nenadi Usman, bail for N250 million each. The Economic and Financial Crimes Commission (EFCC) arraigned them on a 17-count charge of laundering about N4.6billion. They pleaded not guilty to the charges. Read more

Money laundering: Omokore, others, get N50m bail each

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned a business man and ally of former Petroleum Minster, Diezani Allison-Madueke, Jide Omokore, Victor Briggs, Abiye Membere, David Mbanefo, and Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited. They were however admitted to bail by Justice Binta Nyako in the sum of N50 million each and a surety in the like sum, after entering a plea of not guilty. Before then, counsel to Omokore,(1st defendant) , Rafiu Lawal Rabana (SAN) told the court that the charge is not ripe for hearing on the ground that, Kolawole Aluko Akanni, who is now at large was not before the court among the defendants. Read more

Eid el-Fitr: Ambode calls for peace, tolerance

order to encourage the growth and development of the country. According to the governor, by embracing peace, unity and fairness, citizens would be able to flourish regardless of ethnic, religious, political or social status. The governor said this in his Eid el-Fitr message, a statement by his Chief Press Secretary, Mr. Habib Aruna, said. Ambode stressed that the country needed brotherly love and peaceful co-existence in order to overcome the numerous challenges it currently faced. Read more

Niger Assembly rejects 50% salaries slash by Bello

The Niger State House of Assembly on Monday condemned the decision of the state government to slash the salaries of civil servants in the state, describing it as unlawful and irresponsible. The House, therefore, directed the state governor, Abubakar Bello, to refund the 50 per cent balance cut off from the salaries of workers in the state or face the consequence. The Chairman, House Committee on Labour and Productivity, Hon. Abdulmalik Madaki, made the position of the House known while briefing Journalists at the Assembly complex in Minna. Read more

Court sacks Ekiti lawmaker   

A Federal High Court in Ado Ekiti, on Monday nullified the election of a member of the Ekiti State House of Assembly, Mr. Musa Arogundade, for not being validly nominated by the Peoples Democratic Party. The court declared Mr. Toyin Obayemi, also of the PDP as the rightful occupant of the seat. Read more

Marijuana may cure Alzheimer’s desease – Study

An active compound in marijuana can contribute to the removal of toxic proteins in the brain, which are thought to kick-start the progression of Alzheimer’s disease, a new study has found. The study, which was published in the journal Aging and Mechanisms of Disease on Friday, said that tetrahydrocannabinol and other compounds found in pot could help to remove toxic clumps of amyloid beta from nerve cells. The finding however supported the results of previous studies that cannabinoids have protective effects on patients with neurodegenerative diseases. The leading researcher, Prof. David Schubert, said that the study carried was out by the California-based Salk Institute for Biological Studies. Read more

Court upholds Sheriff’s removal as PDP chairman

A Federal High Court sitting in Port Harcourt on Monday upheld the removal of Senator Modu Sheriff as the Chairman of the Peoples Democratic Party. Justice‎ Mohammed Liman, who delivered his judgeent in a suit brought to the court by the PDP, declared the National Convention that removed Sheriff was legal. Read more

Twitter suspends Niger Delta Avengers’ account

The Twitter handle, @NDAvengers, used by rampaging militant group, Niger Delta Avengers, to announce its activities has been suspended by the social media platform. A check on Monday morning revealed the development. The militant group has announced its attacks, which have negatively affected oil production in the country. Read more

INEC justifies issuance of certificate of return to Ogah

The Independent National Electoral Commission  has told a Federal High Court in Abuja that it issued a certificate of return to Uche Ogah, on June 28, recognising him as governor-elect of Abia State, in compliance with the order made in the judgment of the court delivered June 27. The INEC said this through its lawyer, Mr. Alhassan Umar, when a motion seeking a stay of the execution of the judgment sacking Okezie Ikpeazu as the governor of the state and also ordering the issuance of certificate of return to Ogah came up for hearing on Monday. The motion for stay of execution of the judgment came up for hearing before Justice Okon Abang, who had delivered the verdict on June 27. Read more

CBN dissolves Skye Bank board

Central Bank of Nigeria (CBN) on Monday sacked top executives of Skye Bank Plc over failure to meet required capital adequacy ratio, poor liquidity ratio and high level of non-performing loans. The bank’s Managing Director/Chief Executive Officer, Timothy Oguntayo, and the chairman resigned before the CBN announcement. Read more

Reps summon Julius Berger over eviction of workers

House of Representatives Committee on Public Petitions, chaired by Nkem-Abonta, has summoned the management of Julius Berger over alleged forceful eviction notice served on about 720 workers and their families from its various residential camps across Abuja. The workers, in a petition dated June 17, 2016, were purportedly declared redundant by Julius Berger Nigeria Plc via a circular dated June 28, 1999, which was referred to the committee. Read more

Committee on minimum wage not yet constituted – NLC

The Nigeria Labour Congress (NLC) on Monday said the proposed committee on the new national minimum wage was yet to be constituted by the Federal Government, dismissing reports that the committee has started working. President of NLC, Comrade Ayuba Wabba, said in a statement in Abuja that while the government agreed to constitute two committees to address issues raised by organised labour following the fuel price hike, the committee on the review of the national minimum wage has not been constituted by the government. Read more

Eid el-Fitr: Atiku calls for patience with President Buhari

Former Vice President, Atiku Abubakar, has urged Muslims in the country to portray Islam positively through the spirit of tolerance and commitment to peaceful coexistence in their everyday conducts. In a release from his media made available to the media, the Turaki Adamawa denied making any statement on the ragging rift between the principal officers of the National Assembly and the federal government through the Secretary to the Government of the Federation (SGF) credited to him recently. Read more

Militants, Shareholders want President’s intervention over Central Bank

A Niger Delta militant group, Iduwn Volunteers Force (IVF) and some major shareholders in the banking sector have urged President Muhammadu Buhari to stop the Central Bank of Nigeria (CBN) from forcefully winding up some banks in the country including Skye Bank Plc. Read more

EFCC Withdraws Charges against Dieziani, Akkani-Aluko

Justice Binta Murtala Nyako of a federal high court in Abuja has struck out the names of former Minister of Petroleum, Mrs. Diezani Alison-Madueke, and a businessman, Chief Kolawole Akanni Aluko, from the criminal charges filed against them Read more

Twitter suspends account of Nigerian militant group Niger Delta Avengers

Twitter on Monday suspended the account of Niger Delta Avengers, a militant group that has carried out a series of attacks on oil facilities in Nigeria in the last few months which pushed the country’s crude production to 30-year lows. The Avengers have used a Twitter account as its main form of communication, using it to publicise claims of attacks and as a platform to criticise Nigeria’s government. Read more

Federal High Court Declares PDP Convention Legal, Confirms Sack of Sheriff

The Federal High Court sitting in Port Harcourt this morning declared the May 21 national convention of the Peoples Democratic Party (PDP) legal and that its decisions did not violate any known law or the constitution of the party. Delivering judgment on a suit brought before him by the National Caretaker Committee of the PDP, the Presiding Judge, Justice Mohammed Liman, declared that the Port Harcourt national convention of the party was legally constituted and its decisions constitutional. Read more

Chief of Army Staff’s Dubai property palaver

Times of deadly trials for the soul of the President Muhammadu Buhari’s administration’s war against graft in the land are here. What with two reports too close for comfort to the Presidency currently trending, which if not properly trashed out, are capable of eroding public confidence in the anti-graft war. One of the reports, perhaps unconfirmed as yet, claims two principal officers working closely with the President are at loggerheads for reasons not unconnected with business interests that are purportedly tainted with corrupt expeditions. Read more

Skye Bank Wins Best Consumer Finance, Remittance Product Awards

Skye Bank Plc has won the awards of the ‘best consumer finance product and best remittance product in West Africa in this years’sAsian Banker ‘Retail services West African award’ which took place in Lagos at the weekendAccording to the Asian Banker, organizer of the awards, Skye Bank’s personal finance loans and its money transfer service within West Africa known as Flit Cash were adjudged as the best in their respective categories in the West African sub region. Read more

I have not spoken on Saraki forgery trial- Atiku

Former Vice President and chieftain of All Progressives Congress (APC) Atiku Abubakar said yesterday that he has not made any comment on the ongoing battle between the leadership of the Senate and the Attorney General of the Federation over the forgery trial of the Senate President, Bukola Saraki and his Deputy, Ike Ekweremadu. In a statement made available to the media in Abuja on Monday by his Media Adviser, Mazi Paul Ibe, the former Vice President said the last time made any comment on National Assembly matters was in July 2015 during the leadership crisis in the legislature.  Read more

‘Privatisation not solution to water crisis in Lagos’

Frontline civil society group, Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has urged the Speaker of Lagos State House of Assembly, Obasa Mudashiru to side with Lagos people in rejecting Public Private Partnerships (PPPs) in the water sector. ERA/FoEN, in a letter to the Speaker titled Privatisation is Not Solution to Lagos Water Problem, frowned at attempts to foist the PPP model of water privatization on the people despite following documented failures in other parts of the world and World Bank withdrawal from the scheme. Read more

Brexit campaigner Nigel Farage quits as UKIP leader

Leading Brexit campaigner Nigel Farage on Monday stepped down as leader of the UK Independence Party as the shockwaves from Britain’s decision to quit the European Union continued to rock the political order. “I have decided to stand aside as leader of UKIP,” he told a London press conference. “The victory for the ‘Leave’ side in the referendum means that my political ambition has been achieved.” The 52-year-old vowed watch Britain’s renegotiation process with the EU “like a hawk” as he continued to serve as an MEP in Brussels. “If there is too much backsliding… then UKIP’s best days may be yet to come,” he said. Read more

Orlando massacre and Donald Trump

A few days back, Democratic hopeful in the coming American presidential election, Mrs. Hilary Clinton, in an address, declared her main challenger, Donald Trump as someone who is “temperamentally unfit” to serve as Commander in Chief with “dangerously incoherent” foreign policy ideas. Hillary further argued that his candidacy posed a threat to the nation’s security and was capable of fueling a global economic crisis. Read more

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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