Newspapers Review




Ohaneze Ndigbo





Below are the headlines found on The Nation Online Newspaper for today, Wednesday, 13 December, 2017.

Wed, 13 Dec 2017
The Court of Appeal in Abuja has reversed Senate President Bukola Saraki’s acquittal of false assets declaration charges.

The appellate court, in a unanimous judgment by a three-man panel, led by Justice Tinuade Akomolafe Wilson, ordered Saraki to return to the Code of Conduct Tribunal (CCT) for the continuation of his trial.

The court held that the prosecution led direct and credible evidence to establish a prima facie case against Saraki in three of the 18 counts contained in the charge for which he was tried.

The counts on which Saraki is to enter defence are 4, 5 and 6 in relation to his alleged failure to declare some houses he acquired in Ikoyi, Lagos.

In Count 4, Saraki is alleged to have falsified his Assets Declaration at the end of his tenure as Kwara State Governor in 2011 and on assumption of office as a senator in 2011 when he declared that he acquired No. 17A, McDonald, Ikoyi, Lagos.

The prosecution contended that the defendant falsely declared that he had acquired No 17A, McDonald, Ikoyi on 6th September 2006 from the proceeds of sale of rice and sugar.

In Count 5, he is also alleged to have falsified his Assets Declaration at the end of his tenure as Governor of Kwara State in 2011 and on assumption of office as a senator in 2011 when he declared that he acquired No. 17B, McDonald, Ikoyi Lagos.

The prosecution contended that the defendant falsely declared to have acquired No. 17A, McDonald, Ikoyi on 6th September 2006 from proceeds of sale of rice and sugar.

In Count 6, Saraki is accused of making a false declaration in the Assets Declaration Form at the end of tenure as governor in 2007 and on assumption of office as executive governor in 2007 when he failed to declare his outstanding loan liabilities of N315,054,355.92 out of the loan of N380,000,000 obtained from Guaranty Trust Bank Plc.
The CCT  on June 14, upheld Saraki’s no-case submission, discharged and acquitted him, a decision the Federal Government appealed.

The Appeal Court, in its judgment yesterday, resolved four out of the five issues identified for determination in favour of the appellant.

Wed, 13 Dec 2017
Less than two weeks after the Organisation of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Nigeria and Libya are planning to raise output next year. Oil price has hit $65, the highest in 30 months.

Brent crude prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts.

Brent crude’s international bench mark was at $ 65.07 a barrel at 0211 GMT.

U.S. West Texas Intermediate (WTI) crude futures were at $58.21 a barrel.
Britain’s Forties oil pipeline, the country’s largest at a capacity of 450,000 barrels per day (bpd), shut down on Monday after cracks were revealed.

“The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices,” said ANZ bank.

The jump in Brent prices widened its premium to WTI prices, making U.S. oil exports more attractive

While many ministers at the Nov. 30 meeting of the Organisation of Petroleum Exporting Countries (OPEC) suggested the two nations had joined the output-curbing deal, both are working to add to their peak production from 2018.

On Friday, oil company Total said its new Egina field offshore Nigeria was on track to start in 2018, adding 10 per cent to the country’s production.

The field will have a capacity of 200,000 barrels per day (bpd) and launch in the fourth quarter of 2018, counterbalancing production constrained by aging pipelines, perpetual theft and sabotage.
“That could certainly change the dynamics,” said Ehsan Ul-Haq, head of crude and products at Resource Economist, a consultancy.

Wed, 13 Dec 2017
Peoples Democratic Party (PDP) chiefs are to raise a search panel for a credible presidential candidate, a source said yesterday.

A senior party official, who pleaded not to be named, said the party had decided to scout for a “sellable” candidate who can match President Muhammadu Buhari, who is believed to be interested in a second term.

“We have made mistakes in the past. We violated zoning and we paid dearly for it. We are considering going for a presidential candidate, who will withstand the predictable propaganda of the ruling All Progressives Congress (APC)-led government. We want to get it right. If we want to win, we must get a better candidate; a candidate that is better than what the APC will offer because Nigerians will compare and contrast,” the source said.

According to the source, who pleaded not to be named, the party may be looking beyond the array of likely presidential aspirants who have started consultations and mobilisation of supporters, ahead of next year’s primary.
PDP presidential contenders include former Vice President Atiku Abubakar, former Sokoto State Governor Attahiru Barafawa, former Kano State Governor Ibrahim Shekarau, former Jigawa State Governor Sule Lamido, former Kaduna State Governor Ahmed Makarfi, Ekiti State Governor Ayodele Fayose and Gombe State Governor Ibrahim Dankwambo.

The source said: “There is no shortage of presidential aspirants in our party. But, one factor that will determine the selection of the flag bearer is his ability to win. We as a party want to win. Therefore, the opinion is that, while studying those already holding consultations on their presidential ambition, the door should be open for more people to come in.

The source said: “Many APC leaders are former leaders of the PDP. Thus, communication is easy. We did not offend ourselves. They were fighting Jonathan and he is no more in the saddle. We still meet and relate and the bond is not entirely severed.”

Wed, 13 Dec 2017
The Olubadan of Ibadan, Oba Saliu Akanmu Adetunji, Aje Ogungunniso I, yesterday said the purported threat of 21 Ibadan kings to recommend him for removal is an affront to indigenes. The monarch described the 21 kings as entertainers of the year, even as he said they lacked the powers to unseat him. A statement yesterdayRead MoreThe post You can't remove me, Olubadan tells obas appeared first on The Nation Nigeria. 

JAMB remits N3b more to Federation Account
Wed, 13 Dec 2017
Board warns UTME candidates against fake questions The Joint Admissions and Matriculation Board (JAMB) has remitted additional N3.6 billion to the treasury, its Registrar, Prof. Is-haq Oloyede, has said. He said the N5.2 billion earlier sent to the treasury was not the total money the board actually transferred to the government. He said this duringRead MoreThe post JAMB remits N3b more to Federation Account appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Jibowu, Costain bridges to be demolished 'Track-laying begins in April Minister of Transportation Rotimi Amaechi has expressed his dissatisfaction with the pace of work on the Lagos-Ibadan rail project. It was the first time the minister would be hard since he began his monthly supervision of the China Civil Engineering Construction Corporation (CCECC) contractor handlingRead MoreThe post Costain, Jibowu bridges to go appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Judgment 'reflects separation of powers' The debate sparked by the Court of Appeal in the judgment on the appeal filed by Justice Hyeladzira Ngajiwa is still raging. Activists and senior lawyers state their positions on the powers of the Economic and Financial Crimes Commission (EFCC). JOSEPH JIBUEZE and ADEBISI ONANUGA highlight the key reasons givenRead MoreThe post Nganjiwa's acquittal: Senior lawyers hail verdict appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Some soldiers and police officers yesterday had a confrontation in Akure, the Ondo State capital. The incident reportedly occurred at Ilesa Motor Park in the capital city. The timely intervention of leaders of the National Union of Road Transport Workers (NURTW) at the motor park led to an early resolution of their differences, which someRead MoreThe post Soldiers, policemen clash in Ondo appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
NUJ, CLO condemn attack An operative of the Department of State Security (DSS) attached to the Akwa Ibom State Government House Uyo yesterday attacked five correspondents of national newspapers. The journalists are Iniobong Ekponta of Nigerian Tribune, Inemesit Akpansoh of the Guardian, Emeka Samuel of Nigerian Pilot and two others were assaulted at the gateRead MoreThe post DSS attack Journalists at A'Ibom Govt House appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
An Osun Magistrates' Court sitting in Ile-Ife yesterday ordered a 21-year-old man Sodiq Adewale to be remanded in prison for alleged murder. Adewale is standing trial on a one-count charge of murder. Magistrate Risikat Olayemi held that her court lacked jurisdiction to entertain capital offence related case. Olayemi, however, directed the Prosecuting Inspector Emmanuel Abdullahi,Read MoreThe post Court orders remand of 21-yr-old over murder charge appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The Governor of Edo State, Mr. Godwin Obaseki, has given the management of Ambrose Alli University a four-year deadline to become the best university in Nigeria. Obaseki gave the directiveon Tuesdayat a stakeholders' meeting at the university in Ekpoma, Edo State. He told stakeholders at the meeting that his administration was committed to the repositioningRead MoreThe post Obaseki engages Ambrose Alli Varsity management over ranking, sets performance target appeared first on The Nation Nig 

Wed, 13 Dec 2017
The Nigerian Law School on Tuesday said 29 out of the 4,294 candidates called to the Nigerian Bar bagged First Class after the August 2017 bar examinations. The Director-General of the school, Mr Olanrewaju Onadeku (SAN) disclosed this at the Call-to-Bar ceremony in Abuja. Onadeku said the students were those successful at the August 2017Read MoreThe post 29 bag 1st Class at August 2017 law exams ' DG appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC) Dr. Maikanti Baru, yesterday said the Federal Government would adopt an 'aggressive measure' to tackle the artificial scarcity of petroleum products in parts of the country. He said part of the approach is the directive to the Department of Petroleum Resources (DPR) to not onlyRead MoreThe post NNPC threatens to shut stations hoarding fuel appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The refusal of banks and insurance companies to comply with the laws on funding the National Housing Fund (NHF) contributed largely to its failure, the Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Ahmed Dangiwa has said. The two sectors have failed to remit N6.7 trillion to the Fund since its inception contraryRead MoreThe post 'Banks, insurance firms owe NHF N6.7 trillion' appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The Senate Committee on Privatisation yesterday in Kano, said there was no need for the proposed increase in electricity tariff. The committee chairman, Ben Murray Bruce, who spoke during a monitoring visit to Kano Electricity Distribution Company, (KEDCO) said electricity distribution companies (DisCos) were close to Cost Reflective Tariff era. According to him, it willRead MoreThe post Senate kicks against tariff increase by DisCos appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The establishment of Investors' & Exporters' Forex Window by the Central Bank of Nigeria (CBN) in April has stabilised the naira and the economy. The Bureaux de Change (BDCs), which have been supporting the CBN's development agenda, believe they should be able to access dollars from the window as seen in the International Money TransferRead MoreThe post 'BDCs should access dollars from I&E Forex Window' appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Mr. Emmanuel Jime, has said only 14 out of 34 free trade zones in the country are functional. Speaking with reporters in Abuja yesterday, he blamed this on the dearth of infrastructure in the country. Jime said the President Muhammadu Buharis led administration was determined toRead MoreThe post 'Only 14 of 34 free trade zones functional' appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Two Pension Fund Administrators (PFAs) have been investigated by the regulatory authority, the National Pension Commission (PenCom) on the allegation of unjust termination of appointment of some workers and alleged untowards practices, The Nation has learnt. This was made known in the third quarter of 2016 Regulatory and Supervisory Activities report of the commission obtainedRead MoreThe post PenCom queries two PFAs appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The Director-General, Consumer Protection Council (CPC), Babatunde Irukera, has said prompt response of businesses to consumer grievances is crucial. He said businesses must institutionalise and prioritise complaint resolution policies and mechanism, stressing that this is the hallmark of company and brand reputation. Speaking at a round-table session organised by the Council in Abuja, he saidRead MoreThe post CPC: response to customers' complaints vital appeared first on The Nation Nigeria 

Wed, 13 Dec 2017
The Debt Management Office (DMO) is set to repay in full at maturity, the N198.032 billion Nigerian Treasury Bills (NTBs) maturing this month. Details provided yesterday by the debt office showed that N131.415 billion and N66.617 billion of NTBs will mature on December 14 and 21. Before now, the practice was to rollover NTBs atRead MoreThe post DMO to redeem N198b T-Bills appeared first on The Nation Nigeria. 

Emefiele is CBN Governor of the Decade
Wed, 13 Dec 2017
The Coalition of Civil Societies and Media Executives for Good Governance in Nigeria (COCMEGG) will honour the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, with the 'Most Distinguished CBN Governor of the Decade'award. The award ceremony will hold on December 19, in Abuja. According to the President of COCMEGG, Omoba Aigbegbele, Emefiele's performance sinceRead MoreThe post Emefiele is CBN Governor of the Decade appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Two subsidiaries of Stanbic IBTC Holdings Plc- Stanbic IBTC Capital and Stanbic IBTC Bank have acted as the sole arranger and lender for a N6 billion medium term facility for Kellogg Tolaram Nigeria Limited. The facility is to finance the construction of a new cereal manufacturing plant in the Lekki Free Trade Zone, Lagos. KelloggRead MoreThe post Stanbic IBTC arranges N6b debt for cereal firm appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
No thanks to poor healthcare at home, Boko Haram victim gets spinal cord injury cure in Dubai Little Ali Ahmadu's recovery story is heartwarming. The six-year-old boy from Chibok, Borno State, who was paralysed by rampaging Boko Haram terrorists about three years ago can now walk and run. A report captured his remarkable improvement whenRead MoreThe post Lucky Ali appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Everyone should be alarmed at the crimes committed at NANS zonal election Two crimes ' a murder in cold blood and a robbery at gun point ' came out of a zonal election of the National Association of Nigerian Students (NANS).You would be permitted if you thought that body was the National Association ofRead MoreThe post Whither student unionism' appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Let us say that to diss is to dismiss, to disrespect or show contempt for. Diss is one of those odd slangs that have found wide colloquial usage to the point of almost being pressed to formal lexical assignments. It long sneaked into Hardball's repertoire of vocabs and here today, for the first time, weRead MoreThe post You can't have your cake and diss it appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
There are a few telltale signs that a nation has lost her own dignity and prestige on the world stage. Perhaps, the most easily recognizable is the weight her passport carries at a foreign border post and how her citizens are treated on a foreign soil, particularly when at fault. True, Nigeria's stock on theRead MoreThe post Treaty-master and a nation at the nadir appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Lagos State Commissioner for Information and Strategy Mr. Steve Ayorinde, in this interview with Group Political Editor Emmanuel Oladesu and Musa Odoshimokhe, explains how Governor Akinwunmi Ambode is accomplishing his people-oriented programmes, his plans to increase the Internally Generated Revenue (IGR) and his projections for next year. What are your projections for next year' WeRead MoreThe post Ayorinde: Expect more from Ambode appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
Omooba Aderibigbe Adeleke Tella is a governorship aspirant on the platform of the All Progressives Congress (APC) in Ogun State. He spoke with Group Political Editor EMMANUEL OLADESU in Lagos on his ambition, the agitation for power shift to Ogun West Senatorial District and mistakes the ruling party should avoid during the primary and generalRead MoreThe post 'On power shift to Ogun West I stand' appeared first on The Nation Nigeria. 

Wed, 13 Dec 2017
The All Progressives Congress (APC), has congratulated the new National Chairman of the People's Democratic Party ( PDP ), Prince Uche Secondus and other officers on their election at the party's recent National Convention. In a press statement, the APC National Chairman, Chief John Odigie- Oyegun hoped that the newly-elected PDP National Chairman will useRead MoreThe post Oyegun urges PDP to become responsible opposition party appeared first on The Nation Nigeria.