Newspapers Review




Ohaneze Ndigbo





Below are the headlines found on The Guardian Online Newspaper for today, Monday, 11 December, 2017.

Mon, 11 Dec 2017
Full disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts at enthroning transparency in the conduct of government business.

An account reconciliation activity for crude oil transactions found gaps in the corporation’s reporting and remittances to the Federation Account for the month of October 2017.

State governments had boycotted the Federation Account Allocation Committee (FAAC) meeting on November 23, accusing the NNPC of cutting corners in reporting and remitting of receipts from oil in the period under review. The states insisted on thorough collation and reconciliation through representatives agreed upon by all the parties.

The ensuing investigation and reconciliation uncovered the sum of N58.369 billion in unremitted funds and forced the state-owned company to issue fresh payment mandates to the Central Bank of Nigeria (CBN) to fund the Federation Account as well as the joint venture production (JVP) Account by the same amount.

The Guardian learnt that N30 billion of the N58.369 billion meant for remittance was allegedly withheld, as it could not be traced in the Federation Account.
Mon, 11 Dec 2017
Newly-elected National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, has told President Muhammadu Buhari and the All Progressives Congress (APC) that they have until May 2019 to enjoy power at the centre.

Secondus, at the Eagle Square Abuja national convention, emerged leader of the opposition party that lost power in 2015 on the back of general discontentment and allegations of widespread corruption.

He said in his victory speech that a re-invigorated PDP would reclaim power from the ruling APC, which, the new PDP’s National Publicity Secretary Kola Ologbondiyan, described as already “jittery.”

Secondus defeated other contestants, including former Minister of Education, Prof. Tunde Adeniran and Chairman, Daar Communications, Dr. Raymond Dokpesi at the PDP national convention held on Saturday in Abuja. His victory, however, angered a few party loyalists in the Southwest, who had insisted it was the turn of the region to produce the national chairman.

But the new chairman described the mandate given to him at the Abuja convention as “clear” and a directive “to return the party to power in 2019.”

According to him, the task has to be immediate, to save Nigeria from disintegration. “We are all witnesses to how the unity of this country has been shaken to its very foundation under the watch of the rudderless and clueless APC.
Mon, 11 Dec 2017
Super Eagles Manager, Gernot Rohr has revealed that Nigeria will be involved in a pre-World Cup friendly against Poland on March 23, 2018, reports

The Super Eagles have been drawn against Argentina, Croatia and Iceland in Group D of the 2018 World Cup, while their next opponents, the Polish team, are in Group H alongside Senegal, Colombia and Japan.

Nigeria and Poland are looking for similar group rivals to face in friendlies ahead of the World Cup, and an agreement has been reached for both nations to meet in Poland in the next FIFA window.

“Croatia is capable of great things with a team of stars playing in the biggest clubs. This is the most important match, and we hope to prepare for it against opponents similar to Croatia.

“So we will play Poland at home on March 23rd. We are looking for a second opponent in Europe for another FIFA date of the spring,” Rohr was quoted as saying on

The friendly between Nigeria and Poland has been confirmed by the head of the Polish Football Association (PZPN), Zbigniew Boniek to the media in his homeland. 
Mon, 11 Dec 2017
The Central Bank of Nigeria (CBN) stepped up its development intervention in the economy as it disclosed yesterday that N500 billion Export Stimulation Facility and N50 billion Direct Intervention Fund being under consideration for two years has fully taken off.

The move, which is a fallout of series of engagements with the exporters and banks with CBN, would be looking at boosting exports of value added products in the non oil sector- cocoa, cashew nuts, palm produce, sesame seeds, solid minerals and rubber.

Making the disclosure in Lagos yesterday, CBN Governor, Godwin Emefiele, said that while the apex bank would be working with new management of the Nigeria Export-Import Bank (NEXIM), it is part of strategies to create other means of survival for the country rather than just rely on the oil.

Meanwhile, the Governor of Lagos State, Akinwunmi Ambode, at the opening of the 2017 Bankers Retreat, urged CBN and banks to reduce profit considerations in every endeavor, particularly in the discussion of development financing that concerns the poor borrowers.

Ambode, who expressed worry that the Micro Small and Medium Enterprises fund by CBN, worth more than N200 billion is yet to be utilised by banks, even at nine per cent, said the state’s employment trust fund has released N10 billion at five per cent to more than 6000 people.
Mon, 11 Dec 2017
Stormtroopers, droids and celebrities from galaxies near and far hit the red carpet in the shadow of a giant AT-AT assault vehicle Saturday... 

Mon, 11 Dec 2017
The Disney-Pixar animated comedy "Coco" showed serious staying power this weekend in North American theaters, holding to the top spot... 

Mon, 11 Dec 2017
Super Eagles Manager, Gernot Rohr has revealed that Nigeria will be involved in a pre-World Cup friendly against Poland on March 23, 2018, reports 

Mon, 11 Dec 2017
A consortium of international insurance companies from the United Kingdom, comprising Lloyds, Lockton LLP, Cathedral, Atrium, and Talbot are currently... 

Mon, 11 Dec 2017
The organisers of the Delta State Principals Cup football competition for Secondary Schools at the weekend chose Agbor, Ughelli, Irri and Oto-Udu as hosts of the zonal qualifiers of the competition. 

Mon, 11 Dec 2017
An initiative to be powered by Access Bank Plc under its corporate social responsibility tagged LEAD Project will be mentoring young Nigerians one-on-one in no less than 30,000 schools across the country. 

Mon, 11 Dec 2017
More customers of First City Monument Bank (FCMB) Limited, totalling 2,576 were rewarded within the eight months period of the 'FCMB Millionaire Promo Season 4. 

Mon, 11 Dec 2017
Ambassador Michael Tawadrous is a passionate and accomplished entrepreneur, who is determined to redefine quality and customer service in interior designs in Nigeria. 

Mon, 11 Dec 2017
I think the approval is one of the best things that can ever happen to this country because before now, people are just building anything they want without any law. 

Mon, 11 Dec 2017
Personal care, homes, food and electrical conglomerate, PZ Cussons, has reiterated that its commitment to the wellbeing of Nigerians, and impacting lives...