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Showing posts from March, 2017

Why stolen monies are difficult to repatriate – Osinbajo

Vice-President Yemi Osinbajo on Thursday lamented that the tracing and returning of stolen assets had become difficult for most African countries.
He attributed the phenomenon to lack of the adherence to the rules promoting transparency in international banking and financial systems.

He said corruption directly fuelled the activities of Boko Haram insurgents in the North-East of the country.
Osinbajo reportedly said this in his remarks at the anti-corruption and integrity forum of the Organisation for Economic Cooperation and Development in Paris.
The Vice-President called for a robust framework on the reparation of stolen assets in order to ‘ensure quick restitution to victim countries’.
 He said, “Tracing, freezing and return of stolen assets has proved in many cases to be exceptionally difficult for most African countries.
“We, in Nigeria, have seen just how difficult it is to get back stolen assets from the international financial system, such as banks that ought not to have rece…

Senate welcomes Buhari’s peace moves

The Senate, on Thursday, said it had accepted the peace moves by President Muhammadu Buhari to end the clashes between the Executive and the Legislature.
The Chairman, Senate Committee on Media and Public Affairs, Sabi Abdullahi, in a chat with journalists on Thursday, said the National Assembly welcomed the initiative “with open arms.”

Buhari had on Wednesday made the move aimed at improving the relationship between the two arms of government, which has gone sour lately.
At the meeting of the Federal Executive Council, which he presided over, the President was said to have set up a cabinet committee that would proffer a solution to the crisis.
Abdullahi, in his reaction, said, “We have heard about the initiative by President Muhammadu Buhari in setting up a Presidential Committee on Executive-Legislature Relations to be headed by Vice-President Yemi Osinbajo.
“It is a good step in the right direction. The Senate, in particular, and the National Assembly in general, is ready to coope…

2019 polls and capital budget implementation

The Independent National Electoral Commission has announced dates for the 2019 general elections. In a statement posted on its website, the electoral body said it was making the announcement well ahead “in order to ensure certainty in our dates for elections, and to allow for proper planning by the commission, political parties, security agencies, candidates and all stakeholders”. The 2019 presidential and National Assembly elections were announced to be held on Saturday, February 16, 2019 while the Governorship/State Assembly/Federal Capital Territory Area Council Elections were scheduled to hold on Saturday, March 2, 2019. This is the ideal practice: to announce the election dates on time to allow adequate preparation and participation of the political agents.
Many applauded and called it a welcome development in our political landscape, considering the uncertainty that surrounded the nation’s political environment over the years. A lot of people believe that this idea will be a st…

Katsina man held for allegedly raping 7-month-old stepdaughter

A man, Dansale Magaji, has been arrested by police for allegedly raping his stepdaughter, Hauwa Ibrahim.
The seven-month old baby girl, it was gathered, was admitted to the Turai Yar’Adua Maternity and Children Hospital, Katsina after she was allegedly raped by Magaji about a week ago.

Hauwa was admitted to the hospital on Wednesday after a referral from the General Hospital, Malumfashi where doctors confirmed that the baby was raped.
The baby’s father, Ibrahim Nuhu, told journalists at the premises of the hospital in Katsina on Thursday that the rape was committed at Dangaski village in the Musawa Local Government Area of the state.
He said the baby’s mother, Zinai, had separated from him.
Ibrahim, who spoke in Hausa, said sometime last week, Zinai approached him complaining that the baby had piles which had resulted in bleeding in her private part and anus.
He said he took the baby to the General Hospital, Malumfashi where the doctors after examining the baby insisted that the poli…

Forex manipulation: EFCC invites more senior CBN officials

The Economic and Financial Crimes Commission has invited more senior officials of the Central Bank of Nigeria as part of investigations into an alleged foreign exchange scam and other sharp practices within the apex bank. Reliable sources within the anti-graft agency said the investigators probing the scam believed strongly that the activities of some officials of the bank impacted negatively on the fortunes of the naira and contributed to its drastic slump in recent months.
The PUNCH had exclusively reported on Thursday that the EFCC detained and grilled two directors on Wednesday. It was, however, learnt on Thursday that the officials were released late on the same day after writing statements on oath. A reliable source within the agency had earlier assured our reporter that the CBN senior officials were being grilled as of the time this paper was going to bed on Wednesday.

Additional findings by The PUNCH on Thursday revealed that the senior officials grilled by the EFCC were the …

Fayose’s ex-aide, Rep arraigned for murder

a former Personal Assistant to Governor Ayo Fayose during his first tenure, Goke Olatunji, was on Tuesday arraigned at an Ado Ekiti High Court over alleged murder.
The offences were allegedly committed 11 years ago.
Also charged with him is a member of the House of Representatives, Mr. Thaddeus Aina, who was absent from court.

The two men were charged with the killing of the then Holland-based Mr. Tunde Omojola and a World Bank consultant, Dr. Ayodeji Daramola.
The trial was, however, stalled because of the absence of Aina, said to have gone abroad for medical treatment.
The two murder cases were consolidated on the request of the lawyers for both parties.
Omojola was killed in Ifaki Ekiti in 2006 during a councillorship election while Daramola was murdered in Ijan Ekiti on August 14, 2006.
Both murders were committed during the first term of Fayose.
When the case was brought before Justice Adewale Fowe, on Tuesday, the prosecuting counsel, Mr Adekunle Adetowubo, told the court that …

FCT police arrest suspected taxi driver killer, robbery suspects

The Federal Capital Territory Police Command has arrested one Obinna Echianu for the kidnap and murder of a taxi cab driver who was hired to convey him and his accomplice to the Nnamdi Azikiwe International Airport Road, Abuja.
The command also paraded 25 other kidnap and robbery suspects arrested at different locations in the FCT.

Parading the suspects on Tuesday in Abuja, the FCT Commissioner of Police, Musa Kimo, explained that Echianu, 42, was arrested by the command special anti-kidnapping squad for the murder of the unnamed taxi operator.
He said the victim was murdered close to Gosa pedestrian bridge, Airport Road after he was robbed of his phone, cash and Nissan Primeria car which was driven away by the suspect to his house at Aba, Abia State.
Kimo said, “The suspect, who confessed to have personally carried out the dastardly act that led to the death of the deceased cab operator, said the criminal operation was perpetrated with the support of his cohort who is now at large.

Herdsmen are raping our wives, children, Anambra communities lament

No fewer than 15 communities in Orumba-South Local Government of Anambra State on Tuesday raised the alarm over the menace of herdsmen in their area.
They alleged that herdsmen were raping their wives and children.

The spokesperson for the communities, Mr Chukwudi Ugochukwu, stated this at Orumba-South Local Government Council secretariat in Umunze during a stakeholders’ meeting of the people of the area.
He added that the herdsmen allowed their cows to graze on farms, thereby destroying people’s livelihoods.
Ugochukwu said some women and girls had been raped on their way to their farms.
He said no fewer than 20 of such cases had being recorded, adding that he would not go beyond for fear of stigmatising the victims.

He said, “We live along the boundary with Imo State by Arondizuogu. All the farmlands there have been devastated by the herdsmen. Some of our women have been raped on the farmlands but they refused to talk so that they will not be stigmatised. The entire Umunze is under …

Tinubu clocks 65, proffers solutions to economic crisis

A national leader of the All Progressives Congress, Asiwaju Bola Tinubu, on Tuesday identified four things that the country must do to achieve economic revival.
Nigeria has since last year slipped into economic recession.

To get out of the woods, according to Tinubu, the country must embrace diversification and industrial policy, it must invest in infrastructure and improve on power supply, the Central Bank of Nigeria must lower the interest rates to encourage investors and the government must embark on agricultural reforms.
Tinubu made these suggestions in a speech titled, “Nigeria: Meeting current challenges,” which he delivered on Tuesday at a colloquium to mark his 65th birthday.
The 9th Asiwaju Bola Ahmed Tinubu Colloquium with the theme, “Make it in Nigeria: Use what we make, make what we use,” held at the Eko Hotel & Suites, Victoria Island, Lagos.
Tinubu said it was time that Nigeria changed its economic model as it was obvious that the old model, where the country relied…

Music: MrEra - Dance mp3

Emmanuel Richard Angaye, known for his stage name Era, is a Nigerian based singer and songwritter.  He dropped his first single tittled ''APROKO'' . Here comes his latest single, tittled ''DANCE'', Prod by Dj Howlbert OTB.
I bet you, your gonna love this one.


CBN introduces new FX rates

The Central Bank of Nigeria on Monday introduced new Forex rates and would no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances.
The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country.
“The CBN [is] to sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc),” the apex bank said on Monday.

“CBN directs banks to post new rates in the banking halls of their branches immediately. CBN examiners to visit banks to ensure the new rates are implemented.

“CBN prohibits banks from selling forex funds meant for invisibles to BDCs”

Women’s league begins today

The 2016/17 Nigeria Women Football League season will get underway on Saturday (today) with a star match at the Akure Stadium.
The season opener will feature Sunshine Queens against Ibom Angels while the other fixtures for the first week of the new season will hold on March 29.

With the withdrawal of Lagos based COD United Ladies, the 15 teams in the league will play in two groups. Group A has Sunshine, Ibom Angels, Rivers Angels, Robo Queens, Heartland Queens, Capital City Doves and Bayelsa Queens. Group B has Nasarawa Amazons, Osun Babes, Delta Queens, Confluence Queens, Adamawa Queens, Edo Queens, Pelican Stars and Saadatu Kolo Amazons.
The NWPFL during the week gave leave to the players of the disbanded COD Ladies to seek new clubs where they will play for the new season.
Much is expected from the new board of the NWPFL led by CAF media committee member, Aisha Falode.
They are expected to ensure a successful organisation of the league without the rancour which greeted the previou…

DSS submits evidence against Magu to AGF

The Department of State Services has submitted a report to the Attorney General of the Federation, Mr. Abubakar Malami (SAN), containing evidence implicating the acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu.
The report, which was signed by one Folasade Bello on behalf of the Director-General of the DSS, was in response to a letter sent to the DSS by the AGF dated December 19, 2016 with reference number, HAGF/DSS/2016/Vol 1/7.

The DSS also attached 12 documents as evidence against Magu who was rejected by the Senate last week based on the damning security report.
According to the DSS, Magu while serving on the presidential arms procurement probe panel befriended a fellow member of the panel, Air Commodore Mohammed Umar (retd.).
Umar was later arrested and charged by the DSS sometimes last year for alleged money laundering and illegal possession of firearms.
According to the DSS, Umar said in his confessional statement that his company furnished Mag…

Senate summons Dambazau, AGF, four firms over e-passport deal

The Senate has invited the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami; Accountant General of the Federation, Mr. Ahmed Idris; Minister of Interior, Lt.-Gen. Abdulrahman Dambazau (retd.); and four private companies to appear to explain a multi-billion naira e-passport production deal.
Also invited are four companies engaged by the Nigeria Immigration Service in a public private partnership arrangement over the years.The invitees are to appear before the Senate Ad Hoc Committee on Alleged Misuse, Under Remittance and Other Fraudulent Activities in the Collection, Remittance and Expenditure of Internally Generated Revenue by Ministries, Departments and Agencies.

 A statement by the Media Adviser to the Chairman of the Committee, Senator Olamilekan Adeola, Mr. Kayode Odunaro, said they were to appear on April 6, 2017.The statement said the companies – Contec Nigeria Limited, Greater Washington Nigeria Limited, Newwork Solution and Investment Limited a…

Ife clash: IGP justifies arrest of only Yoruba suspects

The Inspector-General of Police, Mr. Ibrahim Idris, on Friday justified the arrest of only suspects of Yoruba extraction over the recent clash between Yoruba and Hausa communities in Ile-Ife, Osun State, which resulted in the death of about 46 persons.
He said crime neither had tribe nor identity.

Idris spoke with State House correspondents shortly after briefing President Muhammadu Buhari on the security situation in parts of the country.
The police have been the subject of criticism for arresting and parading 20 Yoruba persons, including a monarch, over the clash while not a single Hausa/Fulani person was detained, even though both groups involved in the clash were said to have had casualties.
The pan-Yoruba group, Afenifere; and the Oodua People’s Congress are among groups and individuals that have been criticising the police over the development.
The OPC had on Thursday, in a statement by its founder, Dr. Frederick Fasehun, given the Federal Government and the police 48 hours to …

Germany launches world’s largest artificial sun

German scientists on Thursday launched what is being billed as the world’s largest artificial sun with the intention of conducting research on the creation of climate-friendly fuel.
German space agency has launched the so-called Sunlight device, made up of 149 high-powered lamps totalling about 350 kilowatts, in Juelich, a small town in the western state of North Rhine Westphalia.
One of the main areas of research will be efficient hydrogen production with the aim of making climate-friendly fuel for planes, DLR Project Management Agency chief Karsten Lemmer said.

Lemmer said the device uses as much energy in four hours as a four-person household does in a year.

Woman bathe husband’s penis with boiling water in Ibadan

A middle aged public school teacher in Ibadan, Adeyinka Adelakun, on Thursday, narrated how his wife, Kafayat, poured boiling water on his manhood which seriously injured him.
Adelakun had approached an Idi-Ogungun Customary Court at Agodi in Ibadan seeking the dissolution of his three-year-old marriage to his wife on grounds of threat to life and constant fighting.
He also prayed the court to allow him to have in his custody their two-year –old child so that he could effectively take care of the child.

According to the plaintiff, Kafayat is in the habit of fighting him and threatening him whenever they have domestic issues to resolve.
“On Feb 27, 2016, she started her trouble as usual and I decided to call her mother on phone to caution her, but Kafayat brought a kettle of hot water from the kitchen and poured it on my genitals and chest.
“The pain was too much, I was rushed to the hospital due to the severe injuries I sustained and I stayed in the hospital for months.
“Even I canno…

Reps probe NBC, others

The House of Representatives on Wednesday resolved to investigate the operations of the Nigerian Bottling Company Limited to ascertain the safety of its soft drinks for consumption by Nigerians.
The NBC produces and markets popular brands like Coke, Fanta and Sprite in the country.

The investigation will also cover other firms producing soft drinks in the country.
The House ordered the probe following the controversy surrounding the alleged high concentration of benzoic acid and sunset yellow additives in Fanta and Sprite.
Health risks are said to be the end result for consumers if the products are taken in combination with ascorbic acid, better known as Vitamin C.
A member of the House, Mr. Rotimi Agunsoye, had moved a motion to draw the attention of lawmakers to the health risks that Nigerians faced by taking the soft drinks with Vitamin C.
Agunsoye recalled how tests conducted by the United Kingdom’s health authorities on Nigeria-made Fanta and Sprite concluded that they were “han…

NAAS approves $500m Eurobond for FG

Both chambers of the National Assembly on Wednesday approved the request by President Muhammadu Buhari for a $500m Eurobond.
Vice President Yemi Osinbajo had made the request as acting President, while Buhari was away on medical vacation in the United Kingdom.

The bond, as explained in a letter to the Senate and House of Representatives, is to be accessed from the international capital market and used to fund the deficit in the 2016 budget in line with the borrowing plans already prepared for that purpose.
The letter to the Senate read in part, “The Senate may wish to refer to item 229 and 244 of the 2016 Federal Government of Nigeria’s Appropriation Act, which provided for a deficit of N2.204bn and new borrowing of N1.818bn, respectively. The Act also provided for domestic borrowing of N1.182bn and external borrowing of N635bn in line with item 245 and 246, respectively.
“The Senate may also wish to note that while the approved domestic borrowing has been fully incurred, the N635bn …

FG approves N2bn for Rural Electrification FundBB

The Federal Government on Wednesday announced that it would jumpstart the Rural Electrification Fund with N2bn and that this had been provided for in the 2017 budget estimates.
It stated that the idea to commence the REF with N2bn was to enable private investors with viable off-grid renewable electricity projects in rural communities across the country to access the fund.

This, it said, would boost the supply of electricity as it would ensure that rural communities were served by the power generated outside the national grid.
The Permanent Secretary, Ministry of Power, Mr. Louis Edozien, disclosed this in Abuja at an event where the Federal Government, civil society organisations and private sector players in renewable energy declared their resolve to enhance the growth of Nigeria’s renewable energy market in order to provide electricity to communities not connected to the national grid.
The event was organised by the Power for All group, a network of operators and parties advocating…