* Ex-minister Obanikoro in fresh N450m poll cash scandal * Justice Ofili-Ajumogobia, Obla beg judge to vary bail conditions

* Ex-minister Obanikoro in fresh N450m poll cash scandal  * Justice Ofili-Ajumogobia, Obla beg judge to vary bail conditions

SABINEWS MORNING NEWS UPDATE FOR DECEMBER 9, 2016

 

 

Ex-minister Obanikoro in fresh N450m poll cash scandal

The Economic and Financial Crimes Commission on Wednesday quizzed a former Minister of State for Defence, Senator Musiliu Obanikoro, for allegedly receiving N450m from the Coordinator of the Goodluck Jonathan Campaign Organisation in Lagos State, Adewale Onilere, during the countdown to the 2015 presidential election.

Operatives disclosed to The PUNCH that the N450m was part of the N23bn ($115m) allegedly disbursed to the leaders of the Peoples Democratic Party in the 36 states of the federation by a former Minister of Petroleum Resources, Diezani Alison-Madueke. Read more

Justice Ofili-Ajumogobia, Obla beg judge to vary bail conditions

A Lagos State High Court in Ikeja on Thursday varied the conditions attached to the bail granted Justice Rita Ofili-Ajumogobia and Chief Godwin Obla (SAN), who are facing charges of bribery and unlawful enrichment.

The serving judge and the SAN were arraigned by the Economic and Financial Crimes Commission on November 28, 2016 on 30 counts before Justice Hakeem Oshodi. Read more

My CSO’s withdrawal exposing me to danger –Wike

The Rivers State Governor, Nyesom Wike, has told the Inspector-General of Police, Ibrahim Idris, that the “surreptitious” withdrawal of his Chief Security Officer has exposed his life to danger.

Wike also asked the IG to transfer the Assistant Commissioner of Police in charge of Operations, Steven Hasso, and the Commander of Special Anti-Robbery Squad, Akin Fakorede, for deliberately compromising the security of Rivers State for alleged partisan reasons. Read more

Accounts of Reps’ principal officers frozen, Jibrin alleges

A former Chairman, House Committee on Appropriation, Mr. Abdulmumin Jibrin, made a fresh allegation on Thursday that the bank accounts of some principal officers of the House of Representatives had been frozen.

Jibrin, who is serving a 180-day suspension from the House, mentioned the Minority Leader, Mr. Leo Ogor, as one of the principal officers, whose accounts had been  frozen. Read more

Police hunt UK deportee for killing father

The Lagos State Police Command has declared a suspected drug addict, Babalola Rotimi (jnr.), wanted, for allegedly killing his father, Babalola Rotimi, and stabbing his mother, Adijat, in  Magodo Phase 2.

The state Police Public Relations Officer, SP Dolapo Badmos, said the suspect, who was deported from the United Kingdom, fled the scene of the crime and had remained elusive. Read more

Father, mother, son missing as boats collide

The police in Lagos State on Thursday declared missing a father, mother and son after two boats collided in the Badagry area of the state.

A statement by the state command Police Public Relations Officer, SP Dolapo Badmos, said the actual number of passengers aboard the ill-fated boats had yet to be ascertained. Read more

Fake policemen kidnap Lagos businessman, demand N50m ransom

Kidnappers, who disguised as policemen, have left the family of a Lagos-based businessman, Mr. Basil Agha, in misery after they abducted him.

It was learnt that Basil, who is a fuel supplier, was kidnapped in his country house in Umuofor village in the Orlu Local Government Area of Imo State. Read more

Oyo monarch dies in crash days after arraignment

A traditional ruler in Oyo State on Wednesday died in a road accident after his car collided with a truck.

The monarch–the Amunijio of Ijio in the Iwajowa Local Government Area of the state, Oba Okunade Adegoke– was said to be driving himself from Iwere-Ile to his kingdom around 10pm when he ran into the truck. Read more

Budget: FG cuts Customs projected revenue by N49bn

The ban on vehicle importation through the land borders as well as the review of other fiscal items may have forced the Federal Government to reduce the projected revenue from the Nigeria Customs Service by N48.8bn in the 2017 fiscal period.

The N48.8bn cut in projected revenue from the NCS is part of the proposals to be made by President Muhammadu Buhari when he submits the 2017 budget proposals to the National Assembly on Wednesday. Read more

Osun bailout remains N3.362bn in two banks – Accountant-General

The Accountant-General of Osun State, Mr. Akintayo Kolawole, has said that the N35bn bailout given to the Governor Rauf Aregbesola administration by the Federal Government remains N3.362bn in two banks.

According to a statement issued on Thursday by the Chairman, House of Assembly Committee on Information, Mr. Olatubosun Oyintiloye, Kolawole disclosed this when he appeared before the House of Assembly, which is probing how the governor utilised the bailout given to the state to pay workers’ salaries. Read more

NERC fines TCN N47.6m for infractions

The Nigerian Electricity Regulatory Commission has slammed a N47.6m fine on the Transmission Company of Nigeria for various regulatory breaches.

According to the commission, the fine is also due to the company’s failure to submit its 2013 and 2014 audited financial statements. Read more

‘LASEMA didn’t have enough ambulances for Synagogue operation’

An operative of the Nigeria Security and Civil Defence Corps, Adeshola Kabir, said on Thursday that the operatives of the Lagos State Emergency Management Agency did not have enough ambulance for the rescue operation at Synagogue Church of All Nations on September 12, 2014.

A six-storey building belonging to the church collapsed on September 12, 2014, killing 116 persons and leaving many people injured. Read more

We won’t consider 2017 budget until MTEF is passed – Senate

The Senate has said even though President Muhammadu Buhari will present the 2017 Appropriation Bill to the National Assembly next Wednesday, it will not consider the bill until the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper it is currently working on is passed.

The President had notified the National Assembly of his intention to present the Appropriation Bill to the legislature on December 14, 2016. Read more

Rivers on knife-edge over rerun polls

Rivers State is once again on knife-edge ahead of the conduct of supplementary legislative elections by the Independent National Electoral Commission (INEC) tomorrow.

The electioneering campaigns preceding tomorrow’s poll, which indisputably is the most contentious in recent Rivers political history, have been characterised by heated partisan altercations, mudslinging, and threats. Read more

NCAA notifies passengers on flight hitches during harmattan

Nigerian Civil Aviation Authority (NCAA) has alerted air travellers to brace up for some delays that may be experienced due to harmattan haze expected in most parts of the country.

The apex regulatory body pleaded for understanding of the travelling public, urging them not to be lawless should the situation arise and flights had to be delayed or cancelled. Read more

ICAN urges public office holders to run away from corruption

The Chartered Accountants of Nigeria (ICAN), has advised political office holders in the country to desist from corruption in order to take the nation’s economy out of recession.

The President of ICAN, Titus Soetan, who spoke to The Guardian at the commissioning of BBC Professionals new office complex known as Charter House in Sabo, Yaba, Lagos, directed individuals assigned to manage institutions, either in public or private sectors across the country to be professional and imbibe the ethics of their profession. Read more

Ghana election: Nana Akufo-Addo ‘confident’ he’s won

Ghana election: Ghana’s opposition candidate Nana Akufo-Addo told a cheering crowd on Thursday he was “confident” he’s won the presidential election, despite the official results not yet being released.

Speaking to a rowdy crowd of New Patriotic Party (NPP) supporters gathered at his private residence, Akufo-Addo said he believed he had defeated long-time rival and incumbent John Mahama. Read more

YABATECH undergraduate disappears, parents panic

An undergraduate of the Yaba College of Technology, Emmanuel Kolade, has reportedly gone missing.

PUNCH Metro learnt that Emmanuel, who is studying Computer Engineering at the school, left his parents’ home on Awolumate Street, Ajuwon, Ogun State, on November 11. Read more

Inadequate terminals delay sufficient cooking gas supply – NLPGA

The President, Nigerian Liquefied Petroleum Gas Association (NLPGA), Mr. Dayo Adeshina, has said inadequate infrastructure and logistics challenges are the major constraints facing the supply of liquefied petroleum gas, also known as cooking gas, in the country, The Punch reports.

Speaking at a press briefing in Lagos, he said 80 per cent to 90 per cent of the product comes from the Nigeria LNG Limited (NLNG). Stating that supply from the NLNG was not a problem, Adeshina said, “The problem is always at the discharge point where access to the terminal is limited. Now, that has created a lot of opportunities for other players in the industry to come up with terminal projects. So, going forward, we are going to see an improvement.” Read more

Crude oil prices drop days after OPEC output cut

Brent crude oil price dropped by 1.87 per cent to $53.93 a barrel after hitting $54.19 a barrel following the decision by the Organisation of the Petroleum Exporting Countries (OPEC) to cut production output a week ago.

The price of Brent crude had risen by 4.5 per cent to $54.19 a barrel, its highest level this year. Read more

CIBN tasks government on enabling business environment, others

The Chartered Institute of Bankers of Nigeria (CIBN) has said that efforts at attracting the needed Foreign Direct Investment (FDI) to grow the economy may not yield the expected results unless government and relevant agencies enhance the ease of doing business in Nigeria.

According to the institute, aside safety of investment and huge returns, an average investor will operate in an environment where there are little or no hitches to maximise cost. Read more

Recession pushes up Nigeria’s misery index

The economic recession has pushed up Nigeria’s Misery Index to an all-time high of 49.5 per cent, making her the fourth most-miserable country in the world, the Managing Consultant, Starteam Consult, Mazi Sam Ohuabunwa, has said.

Misery Index is a measure of the economic well-being of citizens of a specified economy, computed by taking the sum of the unemployment rate and the inflation rate for a given period. An increasing index means a worsening economic climate for the economy in question, and vice versa. Read more

Budget: FG cuts Customs projected revenue by N49bn

The ban on vehicle importation through the land borders as well as the review of other fiscal items may have forced the Federal Government to reduce the projected revenue from the Nigeria Customs Service by N48.8bn in the 2017 fiscal period.

The N48.8bn cut in projected revenue from the NCS is part of the proposals to be made by President Muhammadu Buhari when he submits the 2017 budget proposals to the National Assembly on Wednesday. Read more

‘Nigeria’s GDP will get $88b boost with digital financial services’

With improved and consistent adoption of digital financial services in the country’s payment system, about $88 billion will be added to Nigeria’s Gross Domestic Product (GDP) by 2025.

The amount, which represents 12 per cent increase from its current contribution to the GDP would also bring substantial benefits to financial services providers and the economy, apart from boosting financial inclusion level. Read more

NFF, ministry set for showdown

Sports minister Solomon Dalung has incurred the wrath of the Nigeria Football Federation for blaming   the NFF  for the  Super Falcons’ protest against the non-payment of their entitlements after winning the Cameroon  2016 African Women’s Cup of Nations in Yaounde  on Saturday.

Nigeria defeated hosts Cameroon 1-0 in the final to win the title for the eighth time. Read more

Russia 2018 World Cup qualifier : Cameroon woos Matip for Eagles

Cameroon’s Indomitable Lions are pulling out all the stops to ensure they defeat group B leaders, Super Eagles of Nigeria when the continental neighbours lock horns in August 2017 in continuation of the Russia 2018 FIFA World Cup qualifiers.

Cameroon coach Hugo Broos has, according to Supersport.com, sent emissaries to England to help persuade Joel Matip to reconsider his retirement from the national side. Read more

Unpaid bonuses and allowances: Nigeria’s Super Falcons stand firm

You can only cover up excrement so long before it starts to stink. The story is becoming annoyingly familiar at this point: Nigeria’s participation at any international competition is incomplete without a stand-off over the payment of salaries and allowances of athletes.

The cast revolves, but the template remains. The latest to feel aggrieved are the Super Falcons, fresh from winning an 8th African title in Cameroon. Not even our winning less team in history is exempted from this dance of shame. Read more

Trump delivers ‘mixed message’ on China at Iowa rally

Donald Trump has delivered a mixed message on China at a “thank-you” rally in Iowa, risking further antagonising the US relationship with Beijing.

The US president-elect told a cheering crowd it was important the US improve relations with Beijing, and then immediately criticised China’s economic policies and its failure to act on North Korea. Read more

Canada lags behind Mexico in exports to the US

The US Commerce Department released new trade statistics this month that show the US imported $245bn (£194bn) in goods from Mexico in the first 10 months of 2016.

The US imported $230bn (£182bn) worth of goods from Canada over that same period. Read more

South Korea impeachment vote: the key facts behind a presidential crisis

The opposition parties behind the impeachment motion are confident they have enough votes, but they are not assured of victory. For the motion to pass – a move that would in effect end Park’s presidency a year early – it must be supported by 200 of the national assembly’s 300 MPs. That means all opposition lawmakers must vote in favour, as well as at least 28 members of Park’s ruling Saenuri party.

There is every chance the impeachment motion will succeed given that dozens of anti-Park Saenuri party MPs have indicated they would support it. But it remains to be seen whether their intentions are matched by their actions. 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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