Sabinews Daily Morning News Update for October 21, 2014MORNING NEWS


National News

Sheriff, Marwa in closed door meeting with Jonathan

Against ongoing negotiations between the Federal Government and Boko Haram, former Borno State governor, Senator Ali Sheriff and former military administrator of Lagos State, Brigadier-General Buba Marwa, met behind closed doors with President Goodluck Jonathan in State House, Abuja, on Monday.

Though it was not clear the basis of the meeting, both men are thought to be helping out in the effort to resolve the Boko Haram insurgency in the North East, particularly the safe release of the over 200 Chibok Secondary schoogirls, who are still being held by the insurgents. Read more

Stakeholders advocate graduates employability skills upgrade

The British Council, UK’s international organisation for educational opportunities and cultural relations recently organised a forum to encourage debates and discussions on collective solutions to address how employability skills can be developed in the Nigeria workforce.

The event, targeted at employers, educators, NGOs and others who are concerned about finding the right qualities in candidates when recruiting from the available workforce and intended for those who want to ensure that young Nigerians entering the workforce have the right skills and attributes to remain globally competitive, supporting economic growth and continuing to attract inward investment. Read more

You have case to answer, court tells ex-Transcorp’s executives

A Federal High Court in Abuja on Monday said former executives of the Transnational Corporation (Transcorp) have a case to answer in the 32-count charge for offences bordering on fraud and money laundering preferred against them by the Federal Government six years ago.

The officials had filed a ‘no-case submission’ on the ground that the prosecution failed to link them with the offences allegedly committed in the charge. Read more

‘Why court awarded Bi-Courtney N132b’

Following the failed attempt, on September 22, by the Asset Management Corporation of Nigeria (AMCON) to take over the assets of billionaire businessman, Dr. Wale Babalakin (SAN) through a court order obtained by its lawyer, Olisa Agbakoba (SAN) over a controversial N50 billion debt, there have been several claims and counter-claims by both parties.

The dismissed order had empower Agbakoba as the receiver to take over the assets of Babalakin, including the domestic Murtala Mohammed Airport terminal II (MMA2) and the old Federal Secretariat, Ikoyi. Read more

2015: Court nullifies party de-registration

A Federal High Court in Abuja yesterday nullified the de-registration of Hope Democratic Party (HDP) by the Independent National Electoral Commission (INEC) in December 2012.

Justice Adeniyi Ademola in his judgment set aside the de-registration of the party on the ground of being unlawful illegal, null and void having been carried out by INEC in brazen breach of due process of the law. Read more

2015: No automatic ticket, consensus candidate –APGA

As political parties get set for primary elections leading to the selection of their respective candidates for the 2015 elections, the All Progressives Grand Alliance (APGA) has ruled out giving automatic tickets to its candidates or arriving at a consensus choice.

National Secretary of the party, Alhaji Sani Shinkafi, made the declaration in Ogbaru, Anambra State during the commissioning of two water projects in Okpoko and Ogbeukwu communities, attracted by the member representing Ogbaru Federal Constituency in the National Assembly, Afam Ogene. Read more

Traditional ruler advises Amosun, APC against imposition of candidate

AS the 2015 general elections draw near, the Olu of Ilaro and Paramount of Yewaland, Oba Kehinde Olugbenle, has advised the Ogun State Governor, Senator Ibikunle Amosun and the All Progressives Congress (APC) against imposition of candidates in the party’s primaries.

The traditional ruler said this, during the governor’s visit to Yewa South Local Government in continuation of his assessment tour of the council areas in the state, on Monday. Read more

NLC, CAN, UNFPA Back Ceasefire Agreement

In support of the reported ceasefire agreement between the federal government and the Boko Haram sect, the Nigeria Labour Congress (NLC), the Borno State chapter of the Christian Association of Nigeria (CAN) and the United Nations Population Fund (UNFPA)  have said the government should do the needful to ensure the safe return of the kidnapped Chibok schoolgirls. Read more

NEMA: FG will Rehabilitate the North-east

The National Emergency Management Authority (NEMA) has said the federal government is willing to do everything necessary to rehabilitate the people affected by the Boko Haram insurgency in the North-east of the country and renovate all the public buildings destroyed since the start of the crisis over four years ago.

Speaking on Sunday during the presentation of relief materials to internally displaced persons (IDPs) in Chibok in the troubled Borno State, the North-east Zonal Coordinator of NEMA, Alhaji Mohammed Kanar, said the federal government will stop at nothing to see smiles returning to the faces of people of the area. Read more

Information Ministry Staff Protest Maladministration During Maku’s Leadership

As the Minister of Information, Mr. Labaran Maku, left office on Monday, personnel of the ministry staged a protest, blocking the entrance to the Radio House over alleged maladministration during his tenure.

It took the intervention of the Permanent Secretary of the ministry, Mrs. Folasade Yemi-Esan, to get the staff into a dialogue after hours of protest. Read more

Obama, Osotimehin Welcome Ceasefire Deal

United States president Barack Obama and the executive director of the United Nations Population Fund (UNFPA), Dr. Babatunde Osotimehin, have thrown their weight behind the new ceasefire deal between the federal government and the Boko Haram sect on the possible release of the over 200 female students that were abducted at Chibok by the insurgents. Read more

Nigeria’s Mixed Grill on World Food Day

October 16 was the World Food Day (WFD). For most of Nigeria’s real farmers though, it was just another day. They went on with their regular daily farming activities of weeding, gathering, harvesting and storage. A couple of them interviewed by THISDAY had no clue that there was a day set aside to recognise their effort to ensure food security in a country with a remarkably high number of mouths to feed.

For the technocrats however, it was an entirely different story. From state governments to the federal government, the Ministry of Agriculture rolled out the drum to mark the day. Although over 800 million people are still chronically plagued by hunger, Nigeria is one of the nations of the world that has made the most significant advancement in the migration from dependence on food importation to near complete food and nutrition independence. Read more

Bureau de Change operator arraigned for $50,000 fraud

Operatives of the Economic and Financial Crimes Commission on Monday arraigned a bureau de change operator, Abubakar Abdullahi, for fraud running into millions of naira.

It was learnt that Abdullahi, who is the manager of Maisabulu Bureau de Change, Kano, had sometime in April, 2013 upon the instruction of his employer, Alhaji Kabiru Maisabulu, the Managing Director of Maisabulu Bureau de Change, purchased $ 50,000 from the Central Bank of Nigeria on behalf of one Bello Sani Yakassai of Misau Bureau de Change, but, converted the said sum for his personal use. Read more

NCC Blames Bank Loans For CDMA Operators’ Collapse

The executive vice chairman of the Nigerian Communications Commission (NCC), Dr Eugene Juwah, has blamed the strings of bad loans from Nigerian banks for the collapse of several Code Division Multiple Access (CDMA) network operators in the country.

Juwah, who delivered a keynote address at the 2014 Telecom Executives and Regulator’s Roundtable organised by the Association of Telecommunications Companies of Nigeria (ATCON) in Lagos recently, said poor financial management occasioned by the huge loans sourced from banks led to the implosion among CDMA network operators. Read more

Court nullifies sale of Newswatch to Jimoh Ibrahim

Justice Ibrahim Buba of the Federal High Court in Lagos yesterday nullified the sale of Newswatch magazine to businessman, Mr Jimoh Ibrahim.

The judge awarded N15.7 million damages against him and ordered the stoppage of further publication of Daily Newswatch. Read more

Police: We Are Working Hard for Safe Release of Ex-NBA President

The Rivers State Police Command has said it has put several measures in place to ensure the safe release of immediate past President of the Nigeria Bar Association (NBA), Okey Wali (SAN).

Wali was kidnapped by unknown gunmen on Saturday, October 11, in his community, Rumualogu in Obio/Akpor Local Government Area of Rivers State. Read more

Captain Blames Chevron in US Court over Attack by Nigerian Pirates

A United States captain, Wren Thomas, who was taken hostage and tortured in a filthy and mosquito-infested camp in Bayelsa State for 18 days after his supply vessel was hijacked by Nigerian pirates, has told Harris County Court in the US that Chevron was responsible for his travails.

Thomas sued Chevron USA and Edison Chouest Offshore LLC, (ECO) on October 16, 2014 in Harris County Court, accusing the two companies of gross negligence. Read more


Sabinews News Update on Economy


FDI: Nigeria received over $67bn in 13yrs –CBN

The Central Bank of Nigeria (CBN) said Nigeria received Foreign Direct Investment (FDI) of over $67 billion between 2000 and 2013.

The Governor of CBN, Godwin Emefiele, disclosed this at his conferment on him of the Honorary Fellowship of the Chartered Institute of Bankers of Nigeria (CIBN) at the 2014 CIBN Investiture, weekend. Read more

Imanah Seeks Government Intervention in Polymer Industry

The National President of the Polymer Institute of Nigeria, Dr Joseph Imanah has called on the Federal Government to intervene and save the polymer industry.

Speaking at a recent press briefing to declare the association’s 25th Silver Jubilee Celebration open, Imanah stated that only the intervention of government would rescue the industry from its current challenges. Read more

Cocoa is a great revenue earner to farmers, govts —CGES

Cocoa is a great revenue earner that producing countries, including Nigeria, can explore to tackle challenges associated with shortage of resources, team leader of Cocoa Growth Enhancement Scheme (CGES) of the Agricultural Transformation Agenda (ATA), Dr Peter Aikpopodion, has said.

He said this at a one-day stakeholders’ meeting on cocoa value chain at the Cocoa Research Institute of Nigeria (CRIN) last week Tuesday. Read more

Cashless policy: CBN assures bank customers of maximum benefits

Bank customers across the country have been assured that the Central Bank of Nigeria (CBN) has put all the necessary structures in place to ensure that they get maximum benefits from the apex bank’s cashless economy policy and other policy initiatives.

This was made known on Monday in Bauchi by the bank’s Director, Consumer Protection Department, Umma Aminu Dutse, while addressing a press conference at the Nigeria Union of Journalists (NUJ) Press Centre, adding that CBN would continue to promote a sound financial system through the pursuit of policies and programmes that would enhance the stability of the financial system. Read more

Summit to Address Unemployment, Entrepreneurship Financing

The annual national summit of the African Centre for Business Development Strategy and Innovation, scheduled to hold from November 20th and 21st 2014, is expected to address issues of unemployment, entrepreneurship financing and job creation in Nigeria.

Chairman, Africa Centre for Business Development Strategy and Innovation, Mazi Sam Ohuabunwa explained that global development is entering a phase where entrepreneurship will increasingly play a more important role, stating that analysis of sources of economic growth by World Bank in 2013, finds that the biggest differences between developed and developing economies are in innovation performance. Read more


Sabinews News Update on Oil and Gas


Mergers to drive indigenous oil company growth

Nigeria’s indigenous oil and gas industry is set to continue its rapid growth as International Oil Company (IOC) divestments spur mergers and acquisitions.

The growth of domestic oil companies is also being catalysed by the recent Local Content Act passed by the Nigerian government, say analysts. Read more

NLNG Payments Account for 5% of Nigeria’s 2014 Revenue Projection

The Managing Director of Nigeria Liquefied Natural Gas (NLNG) Ltd, Babs Omotowa has said the company provided about five per cent of Nigeria’s revenue projection for the 2014 through its income tax payment to the federation.

Omotowa also said, having exhausted its tax holiday period, about 70 per cent of value generated by the company now goes to the government and people of Nigeria. Read more

Nigeria earns N69bn from LPG sales

Nigeria earned about N68.957 billion from lifting Liquefied Petroleum Gas, LPG, for both export and domestic consumption in 2013, the Nigerian National Petroleum Corporation, NNPC, has revealed.

The NNPC in its Annual Statistical Bulletin 2013, disclosed that the country lifted 417,924 metric tonnes, MT LPG in 2013, despite LPG production of 409, 712 MT. Read more


World News


Oil giant CEO Christophe de Margerie killed in Russian plane crash

The CEO of French oil giant Total SA was killed when his corporate jet collided with a snow removal machine Monday night at Moscow’s Vnukovo Airport, the company said.

Total “confirms with deep regret and sadness” that Chairman and CEO Christophe de Margerie died in a private plane crash at the Moscow airport, the company said in a press release dated Tuesday and posted on its website. Read more

Oscar Pistorius due to be sentenced for killing girlfriend

Oscar Pistorius is due to be sentenced this morning after killing his girlfriend Reeva Steenkamp.

The athlete will learn whether or not he faces a jail sentence for her manslaughter on Valentine’s Day last year. Read more

Hong Kong officials to meet student protesters

The Hong Kong government is to meet student leaders for talks amid pro-democracy street protests that are now in their fourth week.

The talks will be broadcast live. Students want the public to have a say in who can run for the position of the territory’s chief executive. Read more


Sabinews News Update on Energy


NERC backs Discos to stablize power supply

National Electricity Regulation Commission (NERC), has restated its commitment towards ensuring that electricity distribution companies comply with the rules of the game by supplying  electricity to end users without compromising the laws of the nation.

Chair man of  NERC, Dr. Sam Amadi  who confirmed this  when he  spoke through Mr Eyo Ekpo, one of the commissioners in the organization during a consumer forum  held for consumers at Eko Electricity  Distriburtion Company (EKEDC)  ,Ikeja Electricity  Distribution Copmany ( IKEDC), and Ibadan Eletricity Distribution (IBEDC) in Ikeja, Lagos  said that NERC is committed towards ensuring that consumers get maximum benefit from money they  pay for electricity. Read more

Is All Set for Transitional Electricity Market

In his renewed efforts to rescue Nigeria’s power sector from its current post-privatisation challenges, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi recently said the commission is set to ask the Minister of Power, Prof. Chinedu Nebo to declare the much-awaited Transitional Electricity Market (TEM), where market participants would be sanctioned for failing to meet their contractual obligations to other stakeholders. Read more


Sabinews News Update on Sports


Siasia Submits U-23 Blueprint for All Africa Games

New national U-23 coach, Samson Siasia, monday submitted his training programme to the Nigeria Football Federation (NFF).

Siasia was last week appointed by the NFF board to spearhead raising a new U-23 team specifically for the football event of the All Africa Games holding September next year in the Republic of Congo and the 2016 Olympic Games in Rio, Brazil. Read more

Amodu Cautions Nigerians against Expectations from Eagles

The newly appointed coach of the Super Eagles, Shaibu Amodu, has pleaded with Nigerians to be moderate in their expectations of the team even as he promised to give his best in salvaging Nigeria’s hopes of qualifying for next year’s Africa Cup of Nations.

Amodu, along with Salisu Yusuf, Gbenga Ogunbote and Alloysius Agu were named as the new interim Super Eagles coaches last week and were tasked with ensuring that Nigeria qualifies for Africa’s biggest soccer showpiece next January. Read more

NFF to Send Elite Refs to England for Capacity Building

The Nigeria Football Federation (NFF) has concluded all arrangements to send the best of the country’s referees to the United Kingdom for a special refresher course beginning in the first week of December.

The three –week capacity building exercise is aimed at preparing the best of Nigerian arbiters to become better officiating officials in the coming years and to enhance their opportunities of commanding greater recognition by international soccer bodies. Read more

CAF warns NFF against big foreign coaches

The Confederation of African Football has warned the Nigeria Football Federation (NFF) against the hiring of big name foreign coach for the Super Eagles.

The Director of CAF African Football Hall of Fame, Tunde Adelakun, gave this warning on Monday.

Adelakun, in a release, said Nigeria should “beware of the curse of big names”. Read more



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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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