SABINEWS MIDDAY NEWS UPDATE FOR MAY 13, 2016
Tinubu commends Buhari on subsidy removal
Former Governor Lagos State and a national of the All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu has hailed the removal of petrol subsidy by President Muhammadu Buhari describing it as a courageous decision to reallocate funds to other more socially productive services and undertakings.
Tinubu said in a statement that it would have been politically easy for the President to sit back and let the subsidy remain in place, adding that in the art of governance, the easiest policy is rarely the best one. Read more
Government building collapses in Ogun
A four-storey complex currently under construction at the sprawling Itoku Market in Abeokuta, Ogun State, collapsed on Friday morning, killing several people.
Emergency handling agencies have been deployed to the scene for rescue operation. Other injured victims have been taken to the state hospital, Ijaiye, also in the state capital. Read more
FG’s bail out money: A strategic bribe?
SOME of our leaders, especially the Governors, fit aptly into these three kinds of persons in this proverb. Some of them are like goats, and must not be approached from the front, because they will simply beat a u-turn and speed off. You will then be left to pursue them and you will never win when it comes to money matters. Federal Government knows them and is aware that it will be an uphill task to recover money from them. Read more
Only 45% Nigerians are aware of their HIV status-NGO
The AIDS Health Care Foundation (AHF) says only about 45 percent of Nigerians are aware of their HIV status. A statement issued on Friday in Abuja by AHF Senior Manager, Communication, Miss Kemi Gbadamosi, also claimed that Nigeria has the second highest burden of HIV, after South Africa. It quoted Dr Adetayo Towolawi, the Country Programme Manager of AHF Nigeria, as saying that 45 percent was quite low judging by Nigeria’s population size. Read more
Devaluation not solutions to economic challenges – former minister
Dr Etubom Ani, a former Minister of Finance, has said that devaluation and flexibility of the exchange rate were not the answer to the current economic challenges in the country. Ani said this while delivering a keynote address titled: ‘Of Exchange Rate Mechanism, Exchange Rate and Devaluation’ at an induction ceremony of new members of the Institute of Chartered Accountants of Nigeria (ICAN) in Lagos. The minister, who served during the Abacha era. said that the nation’s exchange rate mechanism was destroyed when the country was cajoled into debt cancellation programme. Read more
Those who benefited from my labour are the ones insulting me – Oshiomhole
Governor Adams Oshiomhole of Edo state has attributed the lingering crisis in the state chapter of the All Progressives Congress, APC, to enemies of the state and the party, lamenting that they are now running him down after benefiting from his labour.
Oshiomhole spoke yesterday at the Government House in Benin, when he received the members of the fact-finding committee set up by the national secretariat of the party to assess the internal wrangling rocking Edo APC ahead of the September 10 governorship election in the state. Read more
Oil Falls as Dollar Strengthens, but Traders Eye Nigerian Outages
Oil prices ended a three-day bull run on Friday, falling as a strong dollar made it more expensive to hold oil positions though losses were cushioned by Nigerian outages that have slashed output to the lowest in 22 years.
The dollar hit a two-week high against a basket of currencies on Friday, lifted by expectations the U.S. Federal Reserve will raise rates again before any other major central bank. Read more
I don’t Disobey Court Orders – EFCC Boss
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says he has not disobeyed any court order.
Magu was reacting to reports that he had been slammed with a contempt charge over his refusal to obey a court order releasing Wolfgang Reinl, an Austrian businessman, in the custody of the anti-graft agency. Read more
UK court jails ex-NSMPC boss for bribing Nigerian officials
A former Manager of a polymer banknote manufacturer, Securency International Pty Ltd of Australia, Mr. Peter Chapman, has been convicted by a Southwark Crown Court in the United Kingdom for bribing Nigerian officials with $205,000.
Chapman allegedly bribed Emmanuel Okoyomon, a former Managing Director of the Nigerian Security, Printing and Minting Company, (facing extradition proceedings in Nigeria), to secure a “multi-million-euro” contract. Read more
Gov. Emmanuel Urged to Stop Street Begging in Akwa Ibom
Feeling concerned about the nuisance caused by men and women who use children to beg for arms, Akwa Ibom State government has been directed to take steps to remove them from the streets.
The State House of Assembly gave the directive Thursday after deliberation on a motion titled: “Stopping the Menace of Able-bodied Men and Women Begging for Alms with Babies/Toddlers in the Streets of Uyo” introduced by the Leader of the House, Rt. Hon. Udo Kieran Akpan. Read more
Fuel Price Hike: Are Our Labour Leaders Fantastically Missing the Point?
Nigerians have once again woken up to our very own equivalent of a Groundhog Day. Another fuel price hike. Let me say for the records, I am not against the removal of subsidy. Nigeria simply cannot afford it. What I am against is the approach to its removal. PDP neglected to deal with the corrupt people, now APC has come and neglected to deal with the people. Period.
It takes nothing from us if we engage. There lies my issue. Read more
PDP founding members caused defeat in 2015 election – Wike
Governor of Rivers State, Chief Nyesom Wike, has said that the Peoples Democratic Party, PDP, lost the 2015 general elections to the All Progressives Congress, APC, because some of the founding members of the party had hidden agenda which worked against the party’s plans.
He noted that anyone who has the party at heart will be ready to make sacrifices for the sustenance of the party after the loss it suffered during the 2015 general election. Read more
Swift foils second bank cyber-attack after Bangladesh raid
A cyber-attack, similar to one that saw $81m (£56m) stolen from Bangladesh’s central bank in February has hit a second bank, according to foreign reports.
The reports said that the warning about the second attack came from Swift, which oversees the financial messaging network that underpins global money transfers. It said the target was a commercial bank but failed to name the organisation or reveal if any cash had been taken. Read more
Angola: BNA Official Defends Efficient Exchange Policy
The Vice governor of the National Reserve Bank of Angola (BNA), António Manuel Tiago Dias, defended Thursday in Luanda the need pay his contribution to the institution to be more efficient in relation to monetary policy tools.
Speaking to journalists after his inauguration to the post of BNA vice governor, for exchange system reform, by the Angolan President, José Eduardo dos Santos. Read more
Maikashuwa bows out as N’Assembly clerk today
The Clerk to the National Assembly, Alhaji Salisu Maikashuwa, will proceed on his terminal leave, preparatory to his retirement from service on Friday (today).
The dust over the choice of his successor, has also settled as he had asked Mr. Mohammed Sani-Omolori, to take over from him as Acting CNA.
The National Assembly Service Commission’s Chairman, Dr. Adamu Fika, had appointed Sani-Omolori as the Acting Clerk, but the Chairman of the National Assembly/Senate President Bukola Saraki asked Fika to appoint the Deputy Clerk to the National Assembly, Mr. Bennedict Efeturi, as the new CNA. Read more
China charges Hu Jintao aide Ling Jihua with corruption
China has formally charged Ling Jihua, a former aide to ex-president Hu Jintao, with corruption.
Mr Ling had taken bribes, stolen state secrets and abused his power, state prosecutors said.
He was in effect chief-of-staff to President Hu, but was demoted in a surprise move in 2012. China is running a high-profile campaign against corruption, and says it punished nearly 300,000 officials in 2015 alone. Read more
Mother saves baby from falling concrete slab before it knocks her out
Distressing footage shows the moment a mother managed to save her baby from a falling block of concrete.
CCTV images shows her press the doorbell then wait outside the house in St Petersburg, Russia. But before someone can answer, a heavy slab falls from the roof. The mum had just pushed her baby out of the way but was hit by the block herself, falling to the ground where she lay unconscious. Read more
Palestinian barber keeps alive memories of his father’s flight from Jaffa
In a cabinet at the back of Iskander Hinn’s barber shop in the West Bank city of Ramallah are a row of bone-handled cutthroat razors and, on the shelf below, a set of steel-sprung hand-operated clippers.
The tools speak of a previous era and of one moment in particular. Read more