*Jonathan was never committed to defeating B’Haram – Osinbajo *Ambode is doing well –PDP

*Jonathan was never committed to defeating B’Haram – Osinbajo  *Ambode is doing well –PDP

SABINEWS MORNING NEWS UPDATE FOR NOVEMBER 1, 2016

 

 

Jonathan was never committed to defeating B’Haram – Osinbajo

Vice-President Yemi Osinbajo said on Monday that despite what his administration might want people to believe, former President Goodluck Jonathan was never committed to ending the Boko Haram insurgency during his tenure.

Osinbajo said this in a lecture titled, “The unraveling of Boko Haram and the rebuilding of the North-East of Nigeria” which he delivered at the Harvard University’s Weatherland Centre for International Affairs, United States. Read more

Ambode is doing well –PDP

A former Governor of Abia State, Orji Kalu, has said Igbo people are better traders than politicians.

Kalu said the lack of understanding of politics and the indiscipline of Igbo politicians were responsible for what he called the political backwardness of the South-East. Read more

Senate lifts suspension on police recruitment

The recruitment of 10,000 personnel into the Nigeria Police will now continue as the Senate has lifted its suspension on the exercise.

The new condition is that the new policemen will be employed based on their local government areas and would be deployed in their communities. Read more

Judges’ arrest, revenge, not anti-corruption fight –Abuja protesters

Mome protesters trooped to the streets of Abuja on Monday and described the recent arrest of judges  by the Department of State Services on allegation of corrupt conduct as a revenge operation and not a fight against corruption.

The protesters comprised lawyers, a large number of young people and some women. Read more

If Fashola were Igbo, he would have left Tinubu – Kalu

A former Governor of Abia State, Orji Kalu, has said Igbo people are better traders than politicians.

Kalu said the lack of understanding of politics and the indiscipline of Igbo politicians were responsible for what he called the political backwardness of the South-East. Read more

RECs, officials under bribery probe won’t supervise elections –INEC

The Independent National Electoral Commission has said none of its officials, who are undergoing investigations for alleged bribery, will be assigned any electoral duty.

It said the officials, whose names were on the list sent to it by the Economic and Financial Crimes Commission, would be barred from electoral duty until they cleared themselves of the bribery allegations against them. Read more

Kukah visits Obanikoro, Fani-Kayode, Abati in detention

The Catholic Bishop of Sokoto Diocese, Father Mathew Kukah, on Monday paid an unscheduled visit to the detention facility of the Economic and Financial Crimes Commission in Abuja.

A statement signed by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, said that the cleric prayed with three top operatives of the former administration who are currently in detention at the facility. Read more

Ex-Osun SSG laments rising number of hungry Nigerians

A former Secretary to the Osun State Government, Alhaji Fatai Akinbade, has said severe hunger being experienced by many Nigerians was caused by economic recession.

Akinbade said this in a lecture he delivered at the investiture of Anthony Obiyemi as the 11th president of the Osogbo Living Spring Lions Club. Read more

I’ll beat Jegede, Eyitayo combined, Akeredolu boasts

The governorship candidate of the All Progressives Congress in Ondo State, Chief Rotimi Akeredolu (SAN), on Monday boasted that if the two factional candidates of the Peoples Democratic Party, Jimoh Ibrahim and Eyitayo Jegede, combined forces and contested against him, he would emerge victorious at the poll.

Akeredolu said this in an interview with State House correspondents shortly after the Chairman of the APC Governorship Campaign in the state, Mr. Solomon Lalong, led him to a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja. Read more

Alleged N2.7bn fraud: EFCC re-arraigns Orji Kalu in Lagos

The Economic and Financial Crimes Commission on Monday re-arraigned a former Governor of Abia State, Orji Kalu, before a Federal High Court in Lagos for an alleged fraud of N2.7bn.

Kalu was re-arraigned along with two others on 34 counts of money laundering before Justice Mohammed Idris. Read more

Suspects arrested for stealing two bicycles worth N3m

The police in Lagos State have arrested two suspects, Umaru Babangida and John Samuel, in connection with the stealing of two exotic sports bicycles worth about N3m.

The bicycles belong to a resident of Babatunde Crescent, Lekki Phase 1, identified as Osarenkhme Afe. Read more

NIMASA, NRC paid N288m premium on ‘dead’ lift, generators – Reps

The House of Representatives on Monday made more revelations on how Ministries, Departments and Agencies of government allegedly connived with insurance firms to defraud the Federal Government under the guise of paying insurance premiums.

An ad hoc committee of the House, which is investigating such fraudulent practices, cited how the Nigerian Maritime Administration and Safety Agency and the Nigerian Railways Corporation both paid premiums totalling N288m on non-functional properties. Read more

Lagos trains 700 residents to reduce disasters

The two-day training, which held at the Lagos State Emergency Management Agency Relief Camp in Igando, was to build the capacity of residents to handle disasters before the arrival of emergency agencies.

According to the General Manager of LASEMA, Mr. Adeshina Tiamiyu, the high population density of the state made the training a necessity. Read more

‘Removal of Jegede’s name unjust’

The Catholic Bishop of Sokoto Diocese, Father Mathew Kukah, on Monday paid an unscheduled visit to the detention facility of the Economic and Financial Crimes Commission in Abuja.

A statement signed by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, said that the cleric prayed with three top operatives of the former administration who are currently in detention at the facility. Read more

Police loot community, torture farmer to death

A 42-year-old farmer, Segun Elegbede, has died in the custody of policemen from the Magbon Police Division, Ogun State.

PUNCH Metro learnt that Segun was tortured before being abducted by a team of policemen from the Anti-Robbery Squad of the state, who invaded Ajibawo village, in the Ado-Odo/Ota Local Government Area. Read more

NNPC targets gas in 126 northern basins, others

The Nigerian National Petroleum Corporation on Monday said that there was a need to expand the country’s gas exploration efforts in its sedimentary oil and gas basins in order to increase the product’s reserve.

According to the corporation, out of a total of 209 oil and gas open acreages for allocation across different terrains in the country, 126 blocks are located in the North, 34 in Niger Delta, 12 in the Anambra Basin, and 37 are situated in the Dahomey Basin. Read more

Oil Prices Fall to One-Month Low as Concerns Mount over OPEC Deal

Oil prices dropped more than $1 a barrel monday to hit one-month low on doubts about the Organisation of Petroleum Exporting Countries (OPEC)’s planned production cut and a build in US crude inventories at the Cushing, Oklahoma storage hub.

The drop in crude prices followed signs of deadlock at a technical OPEC meeting in Vienna as the producer group battled to work out an implementation framework to seal a deal agreed in September to reduce the volume of inventory in the international market. Read more

NNPC seeks $51b investment in gas sector, says GMD

There is a $51 billion investment available in Nigeria’s Gas sector, Group Managing Director of Nigeria Nation Petroleum Corporation (NNPC), Dr Maikanti Baru, said yesterday.

Also, Minister of State for Petroleum Dr Ibe Kachikwu, said the Federal Government would give more attention to the development of gas as a major revenue earner. Read more

Zombie Drillers: A Halloween Horror Story For Oil Markets

Investors may not realize it, but the Walking Dead is not the only zombie show running right now. The oil markets are at least as scary and have zombies that are much harder to kill than AMC’s popular program. While about 100 oil companies have gone bankrupt in 2015 and 2016, almost none of those companies have actually “died”. Instead, most of the firms are still pumping oil just as rapidly as before. That, in turn, has significant implications for investors in the market.

The 70 bankrupt firms are producing roughly 1 million bpd of oil – about the same level of production they had before bankruptcy. Those zombie firms represent around 5 percent of U.S. production and there are no signs of that production declining. The theory that bankruptcy would reduce oil production was always flawed. Producers have largely gone bankrupt under Chapter 11 provisions, which in turn has allowed them to keep producing oil and paying upkeep expenses, while at the same time shedding their debt burden. Read more

Naira remains at 470 as dollar shortage continues

The naira closed flat at 470 against the United States dollar on Monday, the same level it recorded on Friday.

The naira had plunged to 470 on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the official and parallel forex markets. Read more

CBN warns against patronage of ‘wonder banks’

The Central Bank of Nigeria on Monday warned Nigerians against patronising what it called ‘wonder banks’, stating that their activities were not regulated by it.

The Head, Consumer Protection Department, CBN, Hajiya Kadija Kassim, stated this during a mentoring programme for students of the Government Secondary School, Suleja, Niger State. Read more

‘Make MAN world-class institution’

The Federal Government has been urged to make the Maritime Academy of Nigeria (MAN) in Oron, Akwa Ibom State, a world-class institution to contribute to the national economy.

Its Acting Rector, Mkpandiok Ante Mkpandiok, said the institution needed money to surmount its cash challenges, perform effectively and export seafarers. Read more

CBN to sell N123bn T-bills tomorrow

The Central Bank of Nigeria plans to sell N123billion worth of Treasury bills to mop up liquidity even as the rates in the secondary market in the last one week have remained relatively stable from previous weeks.

Analysts at Capital Bancorp noted that due to current market conditions, rates at the primary auction may close around what was in the secondary market. Read more

UK businessmen set to invest $1.5bn in NPFL

A consortium of investors from the United Kingdom has indicated interest in investing $1.5 billion  in the Nigeria Professional Football League (NPFL), Sports Minister Solomon Dalung has revealed.

In a statement, Dalung disclosed that the UK-based sports promo and marketing firm under the auspice of Arabella 21st Century made the proposal during a visit to his office in Abuja. Read more

New Eagles Invitee Dumps Nigeria for Dutch Club

Nigeria’s new Super Eagles invitee, Tyronne Ebuehi, has ruled himself out of next week’s World Cup qualifier against Algeria, insisting he prefers to focus on his Dutch club ADO Den Haag.

Ebuehi is a 20-year-old right fullback and has been given a first-ever call-up by Nigeria coach Gernot Rohr for the November 12 clash with Algeria in Uyo. Read more

CSKA, Spartak make offer for NPFL top scorer Obaje

The management of Wikki Tourists of Bauchi has received offers from Russian Premier League giants, CSKA Moscow and FC Spartak Moscow for Godwin Obaje, SportingLife reports.

Obaje emerged the Nigeria Professional Football League (NPFL) top scorer after netting 18 goals for the Bauchi-based outfit in the just concluded season. Read more

UN rep finally gets invite to probe Philippine drug murders

UNITED Nations rights rapporteur Agnes Callamard has confirmed receiving the Philippine government’s invitation to her office to conduct an investigation on the thousands of extrajudicial killings in the country.

Callamard claimed, however, that the invite only reached her on Oct 24, nearly a month after it was supposedly sent. Read more

Thailand may have new king this Dec 1 – sources

THAI officials are preparing to install Crown Prince Maha Vajiralongkorn as the nation’s new king this Dec 1, according to senior military sources.

International newswire Reuters quoted the sources as saying Monday that this is the expected date for now, although the final decision still rests on the prince. Read more

China unveils J-20 stealth jet fighter in show of military might

China showed its Chengdu J-20 stealth fighter in public for the first time on Tuesday, opening the country’s biggest meeting of aircraft makers and buyers with a show of its military clout.

Two J-20 jets, Zhuhai’s headline act, swept over dignitaries and hundreds of spectators and industry executives gathered at the show’s opening ceremony in a 60-second flypast, generating a deafening roar that was met with gasps and applause and set off car alarms in a car park at the site. Read more

UN aid chief: Yemen is ‘one step away from famine’

The people of Yemen are being held hostage to “personal and reckless political decisions,” the United Nations special envoy said on Monday as he appealed for the UN Security Council to back a peace plan that both parties have unofficially rejected.

UN mediator Ismail Ould Cheikh Ahmed told the council that the dismissal of the plan “demonstrates that the political elite in Yemen remains unable to overcome their differences and prioritize national, public interest over personal interests.” Read more

Senator apologises for Clinton gun target comment

A senator has apologised for saying he was surprised that a gun magazine with a photo of Hillary Clinton on the cover had not put a bullseye over her face.

Richard Burr made the comment on Saturday during a private gathering of Republicans. Broadcaster CNN obtained audio from the event in which the North Carolina senator is heard saying he saw a copy of American Rifleman in a gun shop. 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]

Related posts

Leave a Reply

Your email address will not be published.