SABINEWS MIDDAY NEWS UPDATE FOR OCTOBER 27, 2016
Court dismisses Saraki’s appeal against CCT
The Court of Appeal in Abuja has again affirmed the jurisdiction of the Code of Conduct Tribunal to try the Senate President, Dr. Bukola Saraki on charges bordering on assets declaration breaches before the Code of Conduct Tribunal.
Delivering judgment in the appeal filed by Saraki, the Justice Abdul Aboki-led panel of the appeal court on Thursday affirmed the CCT’s jurisdiction after dismissing the appeal filed by Saraki challenging his trial before the tribunal. Read more
Nigeria will emerge stronger from recession, says Buhari
President Muhammadu Buhari on Thursday said that Nigeria will emerge better and stronger from it’s current socioeconomic situation.
Buhari stated this in a message to the 7th National Prayer Breakfast titled; “A tree and it’s fruits, is yours a blessing or a curse”. Read more
Truck driver on trial for stealing N1.1m planks
A truck driver, Bawa Iza, who allegedly conspired with others still at large to steal planks worth N1.1m, was on Thursday released on a bail of N500, 000 on the order of an Ikeja Magistrates’ Court.
Iza, 54, who resides at Egbeda, a Lagos suburb, was arraigned for conspiracy and stealing which contravened Sections 285 and 409 of the Criminal Law of Lagos State, 2011. Read more
NSCDC alerts public of fake recruitment
The Nigeria Security and Civil Defence Corps in Benue has alerted the public of the existence of employment racket within the command.
The NSCDC Commandant, Mr. Shuaibu Jibrin, said on Thursday that the racket had been collecting money from applicants in the guise of offering them employment into the organisation. Read more
Forty-three workers get judgment against Okiro, police commission
The National Industrial Court has ordered the Police Service Commission and its Chairman, Mr. Mike Okiro, to pay the allowances and accumulated salaries of 43 employees of the commission since 2013 when they were employed.
In a judgment delivered by Justice E. D. Isele, a copy of which was obtained by our correspondent on Wednesday, the court held that the 43 plaintiffs were duly employed according to statutes, and so must be paid. Read more
I don’t mess around with women — Majid Michel
Ghanaian actor Majid Michel’s experience on the set of his first epic movie, Ayamma, which was shot recently somewhere in Akwa Ibom State, has left a sweet-sour taste in his mouth.
The actor, in an interview with our correspondent in Lagos, described the experience as very challenging. He said, “Leaving home to a very distant land to shoot a movie in a forest full of insects and darkness was quite challenging for me. We didn’t put on tops while the shooting lasted. Even if we did, it still would not have prevented all kinds of insects — not just mosquitoes — from biting our faces, bare feet and hands.” Read more
Recession: Where did the money go?
Anytime there is a recession, it is believed that there is less money in circulation. Business is slowing down and customers are not buying as much as they used to. This is the reality of many businesses. The disposable income of most individuals has gone down. Instead of spending more to stimulate growth, most businesses are cutting costs.
Many companies are laying off workers to keep costs down. This results in less demand for goods and services, which means fewer turnovers for businesses, which can trigger another round of layoffs. It is a vicious cycle. Individuals are also spending less in areas that will generate growth. Beyond what should be the right response to dwindling income, one question to ask is: ‘Where did the money go?’ Read more
Economic Growth Possible Next Year For Battered African Economies – IMF
The IMF(International Monetary Fund) cut its 2016 growth forecast for Sub-Saharan Africa to 1.4 percent, from 3 percent in May, as economies from Nigeria to Zambia reel from the drop in commodity prices.
Abebe Selassie, the Director of IMF’s African Department, said growth could start to recover next year to 3 percent, but only if the battered economies carry out fiscal reforms. Read more
Wabba sending EFCC, police after labour leaders – Ajaero
A factional President of the Nigeria Labour Congress, Joseph Ajaero, has attacked his counterpart, Ayuba Wabba, accusing him of creating confusion in the labour movement.
Ajaero accused Wabba of sending operatives of the Economic and Financial Crimes Commission and other security agencies after other union leaders in the country. Read more
Nigeria’s Buhari to meet Niger Delta leaders next week -oil minister
Nigerian President Muhmmadu Buhari will meet leaders of the restive Niger Delta in Abuja next week, the oil minister said on Thursday.
“Our target is to ensure zero militancy in the area,” Emmanuel Ibe Kachikwu told a forum in Abuja. Read more
Buhari unveils roadmap for oil and gas development
President Muhammadu Buhari on Thursday formally unveiled a roadmap for the development of the nation’a oil and gas industry.
Tagged the 7Big Wins, the roadmap is the short and medium term priorities to grow Nigeria’s oil and gas industry from 2015 to 2019. Read more
Ondo poll: PDP insists on Jegede as candidate
The People Democratic Party (PDP) in Ondo State, said on Thursday it has no plans to change its governorship candidate in the Nov. 26 election.
A press statement issued in Akure by the party’s Publicity Secretary, Mr. Banji Okunomo, said nothing will happen to the candidacy of Eyitayo Jegede (SAN). Read more
Leadership crisis hits Nigerian community in Ghana
The All Nigerian Community in Ghana has suspended its President, Mr Moses Owharo, for alleged manipulation of the bank account of the association.
A statement by the Public Relations Officer, Mr Barry Ndu, made available to newsmen in Owerri on Thursday said that the suspension was to allow full investigations into the matter. Read more
Volkswagen posts $2.49bn profit one year after ‘Dieselgate’
German auto giant Volkswagen posted net profit of 2.28 billion euros ($2.49 billion) for the third quarter and raised its full-year forecasts, turning the tide from a massive loss a year ago over its emissions cheating scandal.
The group’s profit for the three months ending September fell slightly short of the 2.45 billion euros forecast by analysts, but was a sharp improvement from the 1.73-billion euro net loss posted for the same period last year. Read more
Clinton, Trump unite against AT&T/Time Warner mega-deal
White House hopeful Hillary Clinton said the proposed mega-merger of AT&T and Time Warner “raises questions and concerns” and merits further study.
AT&T and Time Warner, home of CNN and HBO, have said the proposed $108.7 billion deal will benefit consumers as they gird for anti-trust challenges from politicians and regulators. Read more
Trump digs deep to defy Clinton momentum
Donald Trump pledged to pour millions of his own dollars into his presidential bid on Wednesday, in defiance of the seemingly unstoppable momentum building behind Hillary Clinton.
With less than two weeks before polling day, and with early voting under way in several states, the Democratic nominee remains comfortably on course to become America’s first female president. Read more
Rohr meets Wenger, Chelsea officials over Iwobi, Mikel, Moses
Super Eagles Coach, Gernot Rohr, is currently on a working tour of Europe, where he is expected to meet the clubs’ officials and the players he wants to invite for Nigeria’s Russia 2018 World Cup qualifier against Algeria next month.
Already, the Franco-German has met top officials of Arsenal and Chelsea of England in London to discuss the availability of Alex Iwobi, John Obi Mikel and Victor Moses. Read more
Shorunmu cautions Eagles against Algeria’s tricks
Super Eagles former goalkeeper trainer, Ike Shorunmu, has warned the team to beware of the tricks usually employed by North African teams, advising that they should not allow the Algerians to put them under pressure in the build up to next month’s Russia 2018 World Cup qualifier slated for Uyo.
He predicted that the Algerians would come to Nigeria full of anxiety, owing to the Super Eagles’ victory over Zambia in the opening group game.According to Shorunmu, the Algerians would try to disorganise the Super Eagles, who have now shown that they can take on any team in Africa, and therefore, advised the players to maintain the standard of play displayed in the game against Zambia. Read more