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NAIJA NEWSPAPERS: TODAY'S THE NATION NEWSPAPER HEADLINES [27 DECEMBER, 2017].


Below are the headlines found on The Nation Online Newspaper for today, Wednesday, 27 December, 2017.

Wed, 27 Dec 2017

The Nigerian National Petroleum Corporation (NNPC) has promised to flood depots with petrol but the Depot and Petroleum Products Marketers Association (DAPPMA) said the corporation was yet  to send petrol to its members’ depots.


 
The scarcity subsided yesterday in Lagos and Ibadan, with more filling stations selling petrol at the officials N145 per litre.

In Abuja, NNPC was battling hoarders, shutting down filling stations.

The situation was critical in Kaduna, Ilorin and many other cities.

DAPPMA’s Executive Secretary Olufemi Adewole, in a statement in Lagos, urged the NNPC to help the association so as to alleviate the suffering of Nigerians.

“Our members’ depots are empty. However, if the PPMC/NNPC can provide us with petrol, we are ready to do 24-hour loading to alleviate the suffering of Nigerians and for the fuel queues to be totally eliminated.

“We, petroleum products marketers, do empathise with all Nigerians who are going through difficulties at this time by spending hours on fuel queues because of the current fuel scarcity due to no fault of theirs.


 
”DAPPMA members import about 65 per cent of the nation’s total fuel consumption, Major Oil Marketers Association of Nigeria (MOMAN) imports about 15 per cent and PPMC/NNPC import the balance of 20 per cent.

“However, this scenario changed drastically due to several challenges faced by marketers.’’

The DAPPMA official claimed that its members paid PPMC/NNPC in advance for petroleum products.

He said fully paid-up petrol orders, which have neither been programmed nor loaded, exceeded 500,000MT (about 800,000,000 litres).

“As at today, there is enough petrol to meet the nation’s needs for 19 days at a daily estimated consumption of 35,000,000 litres. Sadly, some people have blamed marketers for hoarding products. Unfortunately, this is far from the truth.

”Hoarding is regarded as economic sabotage and we assure all Nigerians that our members are not involved in such illicit act.

“While all kinds of allegations have been made in the media, it is important to set the records straight, as Nigerians first and as responsible business men and women who employ Nigerians.

”As it stands today, NNPC has been the sole importer of PMS into the country since October,’’ Adewole said.

He said the current import price of petrol is about N170 per litre, with NNPC, which absorbs the subsidy on behalf of the Federal Government, as the importer of last resort.

”The international price of petrol went up during the period of Hurricane Katrina and it has not dropped below USD$600/MT since then.”


Wed, 27 Dec 2017

The Economic and Financial Crimes Commission (EFCC) has urged the Federal High Court in Lagos to refuse an application by four companies praying to reverse their guilty plea to laundering $15,591,700 .

In its counter-affidavit deposed to by an investigating officer Musbhau Yahaya, the commission said the application was an abuse of court process, and that the judge cannot be asked to overrule himself.

The companies are praying for an order setting aside their conviction by Justice Babs Kuewumi on November 2, 2016 after they pleaded guilty through their representatives.


 
According to them, their trial and conviction were done “in gross violation of their right to fair hearing”.

The companies, in the application filed on their behalf by Chief Mike Ozekhome (SAN), said their conviction “occasioned miscarriage of justice” to them.

EFCC, in the counter-affidavit, alleged that a former Special Adviser on Domestic Affairs to President Jonathan, Waripamo Dudafa, allegedly got part of the money from former National Security Adviser (NSA) Sambo Dasuki.

EFCC said Dasuki withdrew the money from the Central Bank of Nigeria (CBN) and “handed it” over to Dudafa.

The commissioner said Dudafa laundered the money through the companies. He is currently being tried along with a lawyer Amajuoyi Briggs and a banker Adedamola Bolodeoku. They pleaded not guilty.

But, the four companies charged along with them pleaded guilty to money laundering charges and were convicted.
Wed, 27 Dec 2017
Information and Culture Minister Alhaji Lai Mohammed has shed light on the approval of $1 billion by the Nigerian Governors' Forum (NGF) to fight insecurity nationwide. He said the money was approved to assist the military in tackling serious security challenges, including the Boko Haram insurgency, illegal oil bunkering, kidnaping and cattle rustling. Mohammed tookRead MoreThe post Facts about $1b security vote distorted, says Federal Govt appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
President Muhammadu Buhari has set up a 17-man fact-finding mission to bring back Nigerians trapped in Libya. The team may also open talks with Libyan authorities on how to stop the exodus of Nigerians to the Arab country. The panel has 38 days to evacuate all Nigerians trapped in Libya. The team,which will leave forRead MoreThe post Buhari raises 17-man fact-finding mission for Libyan returnees appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
THE former chairman of the Nigeria Security Insurance Trust Fund (NSITF), Dr. Ngozi Olejeme, has said she has nothing to do with former President Goodluck Jonathans campaign finance committee. She made the clarification in a statement issued in Lagos yesterday while reacting to her detention by the Economic and Financial Crimes Commission, EFCC (EFCC) overRead MoreThe post Ex-NSITF boss: no link with Jonathan campaign appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The Department of Petroleum Resources (DPR) yesterday sealed a filling station in Kubwa, a suburb of Abuja, for allegedly selling petrol above N145 and gave out the product free to motorists. The Abuja Zonal Operations Controller of the department, Mr Mohammed Abba, said the report about the station, Khalif Civic Oil and Investment Limited, wasRead MoreThe post DPR gives free petrol in Abuja appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Benin princess and matriarch of the arts Prof Peju Layiwola is 50. To celebrate the milestone and the 13th anniversary of her charity, WYArt, the professor of Art History and an established artist held a workshop and exhibition to empower women. She also organised a feast, which drew notable personalities in the arts, including theRead MoreThe post An arts matriarch hits 50 appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Our girls are still missing since April 15, 2014. Pray. Happy New Year to you, and to theirfamilies with a homecoming! Unfortunately, National Assembly (NASS) failed to deliver our budget passage by deadline December 31 failure of politicians in NASS to deliver the morally greater good. Poem Christmas@ University of Ibadan2017 'Tony Marinho. AndRead MoreThe post Our Girls; No budget' Christmas poem appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Thirty-four years after it was designed to kick-start Nigeria's industrialisation, the Ajaokuta Steel Company is yet to produce steel despite attaining 98 per cent completion since 1994, after the Federal Government had sunk $10 billion into it. In this analysis, FRANCISCA OLUYOLE of the News Agency of Nigeria (NAN) reports that additional $2 billion isRead MoreThe post The twists and turns around 34-year-old Ajaokuta Steel Company appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Osun State Governor Rauf Aregbesola has warned petroleum marketers to desist from hoarding fuel, which has created artificial scarcity in the state and other parts of the country. Aregbesola noted that sharp and unethical practices had worsened the plight of residents and commuters travelling for the Yuletide. The governor said such attitude negates the OmoluabiRead MoreThe post Fuel scarcity: Aregbesola warns against hoarding appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The Suntan Beach in Badagry Lagos State recorded a large turnout of fun seekers on Boxing Day as holiday makers trooped to the seashore in continuation of the Christmas celebration. The News Agency of Nigeria (NAN) correspondent who visited the beach reports that the shoreline was filled with revellers from different parts of Lagos StateRead MoreThe post Fun seekers troop to Badagry beach, others on Boxing Day appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Lagos State Governor Akinwunmi Ambode has hailed residents for the support extended to his administration in 2017. He said this made achievements recorded in key sectors possible. The governor assured them that more projects would be implemented to make life comfortable for them in 2018. Ambode spoke yesterday at a special Christmas party organised byRead MoreThe post 'We'll build Lagos that works for all' appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
A medical researcher, Dr Bamidele Iwalokun, on Tuesday advised expectant mothers to always seek appropriate healthcare services during pregnancy to reduce maternal deaths in Nigeria. Iwalokun, also the Head, Immunology and Vaccinology Research Department, Nigerian Institute of Medical Research (NIMR), Yaba, spoke with the News Agency of Nigeria (NAN) in Lagos. The medical researcher saidRead MoreThe post Seek appropriate healthcare services during pregnancy Expert appeared first on The Nation N 

Wed, 27 Dec 2017
Bitterleaf is one of the widely use cooking vegetable in Africa and it can grow in any part of the world Very few people are aware that this vegetable is highly medicinal and can be used to cure diseases as well as help to keep our body in good health condition. The important thing thisRead MoreThe post Bitterleaf healing power appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Authorities of the Lagos State University (LASU) says the institution is undergoing 'internal cleansing' in line with President Muhammadu Buhari administration's change initiative. LASU spokesman, Adekoya Martins, told the News Agency of Nigeria (NAN) on Tuesday in Lagos that recent dismissal and suspension cases were not attempts to attack any individual or group but toRead MoreThe post LASU undergoing internal cleansing ' Spokesman appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The Senior Staff Association of Nigerian Universities (SSANU) spokesman, A.O Salaam, in a chat with our correspondent, OKERINMODU FAITH OLUSEGUN, spoke on the ongoing nationwide strike by the union. TI: On the crisis rocking Nigerian education sector again sir, is there any likelihood of it been resolved soon' Salaam: I hate to sound negativeRead MoreThe post Non- academic staff strike not ending soon SSANU appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution, have signed a $100 million and a 50 million Euros agreements to support financing exports among African countries and the rest of the world. The deals were signed by ITFC'sRead MoreThe post ITFC, Afreximbank support African trade with $100m, 50m Euros appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The Rivers State Government and Shell Nigeria Gas (SNG,have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs. MoU sets out broad terms and conditions to guide co-operation between the two parties in the development of new gas distribution opportunities in theRead MoreThe post Rivers, Shell sign MoU on gas supply appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Access Bank Plc has received top honours at the inaugural Nigeria Sustainable Banking Awards. The bank won in four categories during the award presentation in Lagos. The categories are: Sustainable Bank of the Year, Sustainable Transaction of the Year (Oil and Gas Sector), Sustainable Transaction of the Year (Agriculture) and Excellence in Women Economic Empowerment.Read MoreThe post Access Bank gets CBN's sustainable banking awards appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Experts in the aviation have said that none of the country's airports is qualified for a second runway as majority of the airports are currently underutilised. They advise that monies be channelled into some airport infrastructure including constructing of runways are not needed, especially at a time when the country's debt profile is rising. TheRead MoreThe post 'No second runway for under-utilised airports' appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
World Bank Statistics have shown that remittances to African countries have declined by an estimated 6.1 per cent to $33 billion. The figure, which was for last year, was triggered by slow economic growth in remittance-sending countries and a decline in commodity prices. It said rising sources of income for Africans are being realised throughRead MoreThe post Remittances dip 6.1% to $33b over slow economic growth appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Lagos State is set to undertake new investments to boost youth employment. In this interview with Daniel Essiet, Commissioner for Wealth Creation and Employment, Babatunde Durosinmi-Etti, gives an insight into government's programmes aimed at reducing unemployment. How is Lagos tackling youth unemployment' As you are aware, rapid urbanisation comes with its attendant problem of highRead MoreThe post 'Tackling youth unemployment key to improving our economy' appeared first on 

Wed, 27 Dec 2017
The operations of Air Peace has received a boost with the delivery of one of its newly acquired aircraft. The airliner, a Boeing 737-300, touched down at the Murtala Muhammed Airport, Lagos. The aircraft which was flown in by Capt. Ikechukwu Paul Ugochukwu and his team is the third Boeing 737 300 Air PeaceRead MoreThe post Air Peace grows fleet to 24 aircraft appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
LASPEC pays N33b to 8,252 retirees in three years The wife of the Lagos State Governor, Mrs. Bolanle Ambode, marked the Christmas season with pensioners of the state as she presented Retirement Bond Certificates of accrued pension rights to 286 retirees last week.The package was made up of gratuity and pension entitlements for service renderedRead MoreThe post Ambode's wife presents retirement bonds to 286 pensioners appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The stock market is preparing to make a major change in the payment for net proceeds of shares sales under a new system that links investors'bank accounts to their investment accounts. As capital market stakeholders conclude the plan for the full implementation of the Direct Cash Settlement (DCS) system, Capital Market Editor Taofik Salako examinesRead MoreThe post New way to receive sale's proceeds appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Providus Bank has launched the World Elite Mastercard offering in Nigeria. The product allows rich consumers and frequent travellers to get a range of benefits and lifestyle privileges both at home and abroad. The bank said it is providing cutting-edge technology that delivers best-in-class customer satisfaction, and our customers demand access to the most innovativeRead MoreThe post ProvidusBank unveils World Elite Mastercard Service appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
This development raises posers on the use and abuse of the Excess Crude Account It is not surprising that the decision by the National Economic Council (NEC) to spend $1billion from the Excess Crude Account (ECA) to fight Boko Haram insurgency in the Northeast generated a controversy. This account has been contentious since it enteredRead MoreThe post Questionable decision appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Federal Government's decision to review failing power firms is better late than never Finally, the Federal Government decides to review privatised companies that have punched below the weight they claimed in 2013 when the Jonathan administration sold 11 distributing and 6 generating companies to well-connected groups. Despite several calls in the last 30 months byRead MoreThe post A long-awaited review appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Reacting to moves to probe how he acquired a particular mansion in Abuja, former Senate President David Mark reportedly said that the Economic and Financial Crimes Commission (EFCC) was chasing shadows. The house, said to be built on 1.6 hectares of land, is located in Gudu, Apo, Abuja, and was the official residence of theRead MoreThe post The house Mark bought appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Presidential Political Adviser Senator Babafemi Ojudu has reflected on former Vice President Atiku Abubakar's defection to the Peoples Democratic Party (PDP), saying that he left the ruling party because he could not realise his presidential ambition. He chided the Waziri Adamawa for twisting facts and wiping up sentiments against the Buhari administration and the AllRead MoreThe post Why Atiku defected from APC, by Ojudu appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
An association the National Rescue Movement (NRM), was recently registered as a political party by the Independent National Electoral Commission (INEC). In this interview with TONY AKOWE in Abuja, the Federal Capital Territory (FCT), its national chairman, Senator Saidu Dansadau, speaks on the vision and mission of the party. Will your party be fielding candidatesRead MoreThe post Why we formed NRM, by chairman appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
The Deputy Senate President, Ike Ekweremadu, has charged the newly elected National Working Committee (NWC) of the Peoples Democratic Party (PDP) to ensure transparent and credible primaries, ahead of the 2019 general elections. He blamed the party's defeat in the 2015 general election on lack of internal democracy that manifested in the imposition of candidatesRead MoreThe post Ekweremadu: PDP should conduct primary appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
A Governorship aspirant on the platform of the Advanced Progressives Democratic Alliance (APDA) in Ekiti State, Mr. Tope Adebayo, has promised to turn around the economy of the state, if elected. The governorship election holds on July 14 next year. Speaking during a round-table dialogue with some entrepreneurs in Ado-Ekiti, the state capital, the legalRead MoreThe post Ekiti 2018: Aspirant hosts young entrepreneurs appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Ekiti State Deputy Governor Kolapo Olusola has described himself as an epitome of loyalty. He said Governor Ayo Fayose made him a running mate in 2014 on merit. Olusola, who has been anointed by Fayose as his preferred successor, said he was chosen as the deputy governorship candidate on the strength of his intellectual competenceRead MoreThe post I'm a loyal deputy, says Olusola appeared first on The Nation Nigeria. 

Wed, 27 Dec 2017
Ikorodu agitates for senator Former Minister of State for Defence Senator Musiliu Obanikoro is among the gladiators warming up for the 2019 senatorial race in Lagos West District, it was learnt yesterday. The former Nigeria's High Commissioner to Ghana has started consultation and mobilisation in the ruling All Progressives Congress (APC), ahead of next generalRead MoreThe post 2019: Obanikoro eyes Senate appeared first on The Nation Nigeria.