Newspapers Review




Ohaneze Ndigbo





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

Mon, 11 Dec 2017
The newly sworn in national chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, has expressed apprehension and uncertainty about the party’s return to power in 2019, saying it is going to be herculean a task.

He however noted that it is achievable, just as he assured that he would ensure internal democracy is enthroned in the party.

Secondus, a former deputy national chairman of the PDP was sworn in as the new chairman of the party in the early hours of yesterday after defeating all the aspirants who contested the coveted position with him in the party’s national elective convention held at Eagle Square, Abuja.

Protests had trailed his victory, with two aspirants, Prof Tunde Adeniran, former minister of Education, and media mogul, Raymond Dokpesi, rejecting the outcome of the contest.

Before then, former deputy national chairman of the PDP, Chief Bode George; former Ogun State governor, Otunba Gbenga Daniel; former governorship candidate in Lagos State, Jimi Agbaje and Olusegun Aderemi had withdrawn from the race for different reasons.

But Secondus, while making his acceptance speech, extended his hand of fellowship to other chairmanship aspirants, urging them to join hands with him to rebuild the party.

Noting that returning PDP to power in 2019 will not be easy, he said, “By my understanding, the mandate you have given us today is clear and unambiguous. It is to return our party to power come 2019. As Herculean as this mandate seems, I know it’s achievable. My campaign pillars for this election are ‘To Rebuild, Reposition and Regain’.

“Let me assure you great members and leaders of our party that by the grace of God and with all hands on deck, the brief tenancy of the All Progressives Congress (APC) in Aso Rock Villa expires on May 28, 2019. By this, we serve them a quit notice.

“This has to be immediate in order to save our beloved country 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. We therefore have a gigantic task of retrieving this country from APC’s clear lack of direction and confusion starting with the Presidency”.

He continued: “I stand before you this day, humbled by the mandate you just given to my colleagues and I to lead this great party at this time in Nigeria’s political history. We wholeheartedly accept it with extreme gratitude. 
Mon, 11 Dec 2017
Former minister of sports and Plateau state PDP chairman, Damishi Sango, has regained freedom following his release by his abductors.

Sango and four others, who were on their way to Abuja for the just concluded national convention of the opposition PDP, were abducted by gunmen along Jere-Abuja road, in Jere local government area of Kaduna state

Confirming his release to LEADERSHIP yesterday on Phone, Mr. John Akans, the Plateau state PDP publicity secretary said, ‘ Yes the state chairman and four others were release by their abductors this evening hail and hearty to the warm embrace of their family.”

The PDP spokesman was silent on  whether a ransom was paid to securetheir release from their abductors.

According to him, “We shall give details to you journalist tomorrow by the grace of God.”

The Kaduna state Commissioner of Police, Mr Agyole Abbeh, who also confirmed the release of the abductees said “Right now, military and police operations are on going in the forests.

“I can tell you that in the few days, kidnapping and banditry will be thing of the past in Kaduna State. We have rescued the Plateau PDP chairman” Abbeh added.
Mon, 11 Dec 2017
BY MARK ITSIBOR Although it is supposed to be an asset, Nigerias continuous population growth seems to be a building gunpowder, which analysts posit constitute huge potential danger for the country than could be imagined.Nigeria currently has an estimated figure of 180 million people. There are indications and predictions that the population of the Africas most populated nation will be more rapid in the coming years.According to a report by the United Nations Department of Economic and Social Af 

Mon, 11 Dec 2017

A total of seven Systematic Importance Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016, information gathered by LEADERSHIP has revealed.

Financial institutions under the category of SIB include Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), parent company of FBN Limited, FBN Holdings, United Bank For Africa Plc (UBA), Ecobank Nigeria (Ecobank Transnational Incorporated) and Diamond Bank Plc.

According to findings by LEADERSHIP, the above financial institutions in six years under consideration have reported an estimated N2.6 trillion profit before tax as a result of Assets Management Corporation of Nigeria (AMCON) acquisition of their non-performing loans (NPLs) and prudent management of customers’ deposit.

In the six years under consideration, LEADERSHIP gathered that Zenith Bank has reported the highest profit before tax while GTBank reported the highest tax income expenses. Between 2011 and 2016, Zenith Bank has generated N677.9 billion profit before tax and paid N99.5 billion as tax income expenses to revenue collection agencies.

Also, GTBank in six years has generated N674 billion profit before tax while its tax income expenses hits N119 billion. The breakdown revealed that in 2011, the above financial institutions paid N46 billion tax income expenses and it increased to N52 billion in 2012. In 2013, the seven financial institutions tax income expenses rose by 53.9 per cent to N80.7 billion from N52 billion tax income expenses reported in prior year.

The figure increased to N88 billion in 2014 but dropped to N71.8 billion and crossed the N100 billion mark to N109.9 billion in 2016. For profit before tax, the seven financial institutions had reported N188 billion in 2011; N477 billion in 2012; N471.6 billion in 2013; N551.8 billion in 2014; N459 billion in 2015 and N497 billion in 2016.

Mon, 11 Dec 2017
By OLUSHOLA BELLO, Lagos By having year-to-date (YTD) growth as at December 8, 2017, showing that Dangote Flour Mills has been flight footed on the Nigerian Stock Exchange (NSE), outperforming the Nigerian Stock Exchange All Share Index, the rise in the companys share is as a result of impressive performance seen so far in the year. The companys share which opened the year at N4.25, gained N168.24 per cent to close trading on December 8, 2017 at N11.40 per share.It would be recalled that the Dan 

Mon, 11 Dec 2017
BY MARK ITSIBOR Although it is supposed to be an asset, Nigerias continuous population growth seems to be a building gunpowder, which analysts posit constitute huge potential danger for the country than could be imagined.Nigeria currently has an estimated figure of 180 million people. There are indications and predictions that the population of the Africas most populated nation will be more rapid in the coming years.According to a report by the United Nations Department of Economic and Social Af 

Mon, 11 Dec 2017
By CHIKA IZUORA, Lagos An indigenous oil company, Petrolex said it would invest about $6 billion in the upstream by participating in the upcoming marginal field bid round, and in the midstream by building a gas lube plant and a refinery to penetrate the downstream sub sector as well as a power plant to fully concretize its vertical investment plan in the energy sector.This massive investment will make the company a one-stop energy provider not only in Nigeria but in the sub-Sahara Africa. Alread 

Mon, 11 Dec 2017
BY BUKOLA IDOWU, Lagos It has been a season of recognition for the pan-African services group, United Bank for Africa (UBA) Plc this year as the Groups performance in the African continent was being celebrated within and outside the country.UBA once again proved to be a leader in the banking industry bank as it was named the African Bank of the Year 2017 by the Banker Magazine making it the first Nigerian bank headquartered within the country to clinched the highly coveted award.The Banker Magaz 

Mon, 11 Dec 2017
By Bukola Idowu, Lagos The Central Bank of Nigeria has expressed concern that not a penny of the N26 billion Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) has been disbursed nearly one year after its establishment, even as it expects the fund to hit N60 billion by the end of the year.To the end, it said the framework for accessing the fund as well as the N220 billion Micro Small and Medium Enterprises development fund is being reviewed to allow easy access by small busi 

Mon, 11 Dec 2017
By Kayode Tokede, Lagos The Central Bank of Nigeria (CBN) has disclosed that an estimated N118 billion ($384.98 million at N306.4/ Dollar) has been spent by the Federal Government on debt services/payments between January and September 2017.Out of the current N7.44 trillion federal government 2017 budget, N1.66 trillion, or 23 per cent of aggregate spending, is voted for debt servicing. In 2016 and 2015, it was N1.36 trillion and N943billion respectively, out of a budget of N6.08 trillion and N4 

Mon, 11 Dec 2017
By YUSUF BABALOLA, Lagos Indigenous shipowners have unanimously blamed the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside for the dearth of local shipping lines operating in the maritime sector.Speaking at the end of year workshop and dinner of the Shipowners Association of Nigeria (SOAN), tagged Giving a Critical Lifeline to the Nigerian Maritime Industry, the President of the association, Engr. Greg Ogbeifun called for the immediate re 

Mon, 11 Dec 2017
By Yahaya Jibrin-Since 1998, when the Nigerian Tulip International Colleges (NTIC) opened shop in a rented two bedroom apartment in the heart of Abuja, little did we know that something good was about to happen. Just like its slogan the right environment for learning, the successes recorded by ex-students of the NTIC in recent times have indeed proved this motto correct.This piece is on a young chap that has been making headlines in the past week after he emerged as the best graduating student f 

Mon, 11 Dec 2017
By Joshua Ocheja I am curious. I am a researcher. And over time I have come to the point where identifying good stuff comes easily. This time around, my area of research was the Nizamiye hospital located in the heart of the federal capital territory and estimated to have gulped a whopping $30 million. Upon, realizing this, my instincts were ignited, and my curious mind went to work, to unravel that medical facility in the heart of Abuja that is the rave of the moment.And alas, I wasnt disappoint