*Alison- Madueke denies ownership of $18m Asokoro mansion*Former Customs Boss, Dikko Inde, Hassan Adamu in EFCC Net

*Alison- Madueke denies ownership of $18m Asokoro mansion*Former Customs Boss, Dikko Inde, Hassan Adamu in EFCC Net

SABINEWS MIDDAY NEWS FOR JUNE 17, 2016

Alison- Madueke denies ownership of $18m Asokoro mansion

The immediate past minister of petroleum resources, Mrs Diezani Alison- Madueke has denied the ownership of the $18 million residential mansion at Asokoro area of Abuja, with its reported furnishings of two million dollars and a bullet-proof gym, which the Al Jazeera Television claimed, in a recent broadcast, to be owned by her. Read more

Former Customs Boss, Dikko Inde, Hassan Adamu in EFCC Net

A former Comptroller General of the Nigeria Customs Service (NCS), Alhaji Abdullahi Dikko Inde, has been arrested by the Economic and Financial Crimes Commission (EFCC) for alleged fraud. A top source at the commission yesterday, disclosed that Inde is being quizzed over two key allegations bordering on criminal conspiracy, diversion of public funds, theft, abuse of office and living above legitimate means. Read more

OPS, EU hail CBN’s flexible exchange rate policy

THE Central Bank of Nigeria (CBN) yesterday got commendation for allowing the exchange rate of the naira to be market-driven. The Organised Private Sector     (OPS) under the auspices of the Lagos Chamber of Commerce & Industry (LCCI) and the European Union (EU) through its delegation to West Africa said the  decision will make the local economy more attractive and stimulate growth. Read more

Usman: Economic Downturn Has Not Impinged on NCAA Operations

The Director-General of the Nigerian Civil Aviation Authority, Captain Muhktar Usman said the agency carries out its functions effectively despite the economic downturn and the over-bloated workforce. He spoke to Chinedu Eze. Excerpts: Your workers seem to be aggrieved by your style of leadership possibly because their expectation is not being met in terms of training but they acknowledged they are paid as at when due their salaries and allowances. What do you think is wrong?  Read more

Movement of Perishable Goods

Most farm produce like tomato, cucumber, watermelon, cashew, mango and orange are cultivated in the far northern part of the country and the middle belt. These farm produce are consumed largely in states like Lagos, which has arguably over 18 million population, Port Harcourt, Anambra and other states in the south. Read more

NCAA Moves to Certify Lagos Airport

The Nigerian Civil Aviation Authority (NCAA) has disclosed that it is on the verge of certifying the MurtalaMuhammed International Airport, Lagos. This is in line with the recommendation of the International Civil Aviation Organisation (ICAO), which audited the four major airports in the country in Abuja, Lagos, Kano and Port Harcourt recently. Read more

Bauchi Farmers to Access N15bn CBN Interest-free Agric Loan

Following the provision of N1.5 billion made by Bauchi State Government as contribution to farmers’ equity that will also settle interest charges, farmers in the State can access about N15 billion from the Central Bank of Nigeria agricultural loans. The state Governor, Mohammed Abdullahi Abubakar stated this at a town hall meeting between Bauchi State Government, Central Bank of Nigeria, Financial Institutions, Anchor Companies, Agro Dealers and Farmers for Anchor Borrowers in Bauchi State. Read more

‘Avengers’ claim new pipeline attack, threaten to sink tankers

The terror group calling itself the Niger Delta Avengers (NDA) claimed Thursday to have blown up a pipeline belonging to the Nigerian National Petroleum Corp. (NNPC), the first attack since its proposal for a dialogue with the government, Kallanish Energy learns. “At 4:00am @NDAvengers blow up NNPC Pipeline in Oruk Anam Local Government Area in Akwa Ibom,” the terror group said on its Twitter account. Read more

Airlines to Save N30bn Annually from Local Refining of Jet-A1

With about 2million litres demand daily, Nigerian airlines may be saving over N30 billion annually if aviation fuel, known as Jet A1 is refined locally. The Minister of State for Aviation, Senator Hadi Sirika told Airline Operators of Nigeria (AON) recently that was in talks with his counterparts in the Ministry of Petroleum, Dr. Ibe Kachikwu on how to dedicate one of the three refineries in the country to Jet A1 refining. Read more

Nigerian lawmakers’ alleged behaviour ‘leads to poor impression of Nigerians’

We’ve already posted about the letter from the US ambassador to Nigeria criticising the alleged behaviour of Nigerian parliamentarians while on an official trip to the US. One of them, Mohammed Garba Gololo, was reportedly involved in a sexual assault incident, which he has said are “totally false, baseless and unfounded”. Read more

Armed Robbers Kill Bank Customer, Other, Police Nab 3

Six dare-devil armed robbers have killed two people including a bank customer, wounding a mobile police inspector during exchange of gunfire with the cops at Odun – Ade market, in Amukoko division, Lagos State, yesterday. The robbers were said to have arrived close to Access Bank where the bank customer came out with huge sums of money around 9.30am.. LEADERSHIP Friday gathered that immediately the robbers, who rode on two motorcycles, saw the bank customer, they opened fire on him, killing him instantly and carted away his cash. Read more

Now is the time to invest in Nigeria, say entrepreneurs

A fuel crisis, corruption claims and even a shortage of tomatoes: Nigeria has made headlines for all the wrong reasons lately, and the streak of disappointing news seems to continue, as United Airlines cancelled its daily flight from Houston to Lagos due to weakness in the energy sector and the ongoing difficulties in collecting money from tickets sold in Nigeria. For some months, Nigeria has been restricting the amount of money that can be moved abroad after the global slump in oil prices wiped out the government’s U.S. currency reserves. The country owes airlines close to $600 million in airfares, according to the International Air Transport Association.         Read more

Nigeria stocks hit 3-week high before FX trading starts

Nigeria stocks hit a three-week high in early session on Friday as domestic investors took positions before next week’s start of interbank currency trading under new rules introduced by the central bank to attract foreign investors. Read more

FG unveils port support portal to improve efficiency

The Nigerian Shippers’ Council (NSC) has unveiled an electronic Port Support Portal to improve efficiency by addressing the challenges faced by stakeholders.
The Executive Secretary/Chief Executive of the NSC, Hassan Bello stated this yesterday while receiving members of the Association of Maritime Journalists of Nigeria (AMJON) in his office.
According to him, the online portal, which will receive and process stakeholders’ complaints within few minutes, will be launched next Thursday by the Vice President, Yemi Osinbajo. Read more

Niger Delta Crisis: FG, Militants Break Truce

The Federal Government and the Niger Delta Avengers, the new face of violent agitations in the oil-rich region, may have broken a temporary truce which was meant to lay the groundwork for peace talks to halt the ongoing destruction of oil and gas pipelines in the area, THISDAY learnt on Thursday. Read more

SGF, Sagay, Falana lament lawyers’ roles in aiding corruption

The Secretary to the Government of the Federation, Mr. Babachir Lawal; the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN); and human rights lawyer, Mr. Femi Falana (SAN), among others, on Thursday lamented the roles of some lawyers, judges and other professionals in aiding corruption. Also speaking along the same line, the Executive Secretary of the PACC, Prof. Bolaji Owasanoye, said efforts were on to isolate and penalise professionals, who contributed to money laundering, failed to expose their corrupt clients but chose to share from the proceeds of crime. They spoke in Abuja at a workshop on the ‘Role of professionals in the fight against corruption.’ Read more

Police arraign oil firm, bank for fraud

The police on Thursday arraigned the President of an oil firm, Masters Energy Oil and Gas Limited, Uche Ogah, and an ex-employee of the United Bank for Africa, Deji Somoye, before a Tinubu Magistrate’s Court, Lagos, for alleged fraud.  The oil firm and the bank were also joined in three counts bordering on forgery and conspiracy preferred against the defendants by the police. The police said Ogah allegedly forged a Memorandum of Understanding between Masters Energy Oil and Gas Limited and Mut-Hass Petroleum Limited sometime in March 2011. Read more

Nine die in Lagos crash, mob burns truck

Tragedy struck at the University of Lagos Waterfront end of the Third Mainland Bridge, Lagos State, on Wednesday after a Mazda bus with number plate, AKD 292 XL, rammed into a stationary truck. No fewer than nine people, including the bus driver, reportedly died on the spot. Three other passengers, who sustained serious injuries, were said to have been taken to the Gbagada General Hospital, Gbagada. Read more

Expert identifies cause of Nigeria’s economic woes’

The discovery of oil and subsequent multi-dollar income thereafter by past governments is responsible for the current economic woes of Nigeria, acting Executive Director, National Centre for Agricultural Mechanisation (NCAM), Dr. Yomi Kasali has said. Kasali, an engineer added that in the 70s, agriculture contributed over 70 percent of the country’s gross domestic product (GDP), maintaining that the advent of petrol, Nigeria’s economic scenario changed.Read more

Jo Cox death: Tributes paid in memory of killed Labour MP

Tributes have been paid around the world to Labour MP Jo Cox, who died after being shot and stabbed. The 41-year-old was attacked after holding a constituency surgery in Birstall, West Yorkshire on Thursday. Among those who honoured Mrs Cox was Hillary Clinton, the US Democratic Party’s presidential hopeful, who said: “It is cruel and terrible that her life was cut short.” Read more

Emirates Reduces Lagos Service from July 2016

Emirates starting 01JUL16 is reducing service to Nigeria, as the airline closes reservation on 1 of 2 daily Dubai – Lagos route. EK781/782 is no longer available for reservation on/after this date. Read more

Mitsubishi Motors to post $480m loss over fuel-cheat scandal

Mitsubishi Motors said Friday it will post a $480 million special loss for the current fiscal year to pay compensation to customers over years of cheating on fuel-economy tests. Mitsubishi first admitted in April it had been falsifying the tests, manipulating data to make cars seem more efficient than they were. Read more

Second flight recorder on crashed Egyptair flight retrieved

A second flight recorder with information on crashed EgyptAir Flight MS804 has been retrieved, Egyptian investigators said on Friday. An Egyptian committee investigating last month’s crash into the eastern Mediterranean Sea made the announcement a day after search teams found the cockpit voice recorder in a breakthrough for investigators seeking to explain what caused the plane to go down, killing all 66 people on board. 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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