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NAIJA NEWSPAPERS: TODAY'S THE NATION NEWSPAPER HEADLINES [29 DECEMBER, 2017].



Below are the headlines found on The Nation Online Newspaper for today, Friday, 29 December, 2017.


Fri, 29 Dec 2017

The Economic and Financial Crimes Commission (EFCC) has recovered over N27.7billion from six banks being unremitted withholding tax on dividends.

Also, about seven more banks were said to be on the radar of the anti-graft agency for similar infractions.

According to a fact-sheet obtained by our correspondent, the EFCC is expecting recovery of more withholding tax.

None of the banks could be reached for comments last night.

The document reads: “The Economic and Financial Crimes Commission (EFCC) has recovered a staggering sum of N27, 712,334,455.06 as withholding tax on dividends payment by six Nigerian banks.”


“The recovery by the Bank Fraud Section of the Lagos office of the Commission was made through direct intervention by the Commission and indirectly through the assistance of the Federal Inland Revenue Service (FIRS), the Internal Revenue Service (IRS) of some states as well as the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

One bank allegedly accounted for more than 80 percent of the amount as N26, 468,223,358.24 was recovered from the bank between November and first week of December, 2017.

“Of the sum, the EFCC directly recovered N4, 207,235,701.06 from the bank, while N22, 260,987,657.24 came through the intervention of FIRS, the Lagos State Internal Revenue Service, the Internal Revenue Service of other states and the RMAFC.



Fri, 29 Dec 2017

Marketers yesterday rejected the blame for the biting petrol shortage. The Nigerian National Petroleum Corporation (NNPC) claimed that despite getting forex at N305, marketers failed to import products. Besides they get products despite owing the Petroleum Products Marketing Company (PPMC) almost N27 billion. But theDepot and Petroleum Products Marketers Association (DAPPMA) accused the NNPC ofRead MoreThe post Petrol marketers to NNPC: Fed Govt owing us N800b appeared first on The Nation Nigeri 



Fri, 29 Dec 2017

Marketers yesterday rejected the blame for the biting petrol shortage. The Nigerian National Petroleum Corporation (NNPC) claimed that despite getting forex at N305, marketers failed to import products. Besides they get products despite owing the Petroleum Products Marketing Company (PPMC) almost N27 billion. But theDepot and Petroleum Products Marketers Association (DAPPMA) accused the NNPC ofRead MoreThe post Petrol marketers to NNPC: Fed Govt owing us N800b appeared first on The Nation Nigeri 



Fri, 29 Dec 2017

The Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and Nigeria Security and Civil Defence Corps (NSCDC) have closed down seven filling stations for receiving diverted products and selling to motorists at cut-throat prices in Abuja and environs. The NNPC also said 24 fuel-laden trucks meant for Abuja were diverted to Southeast states.Read MoreThe post '24 trucks meant for Abuja diverted to South East' appeared first on The Nation Nigeria. 




Fri, 29 Dec 2017

The Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and Nigeria Security and Civil Defence Corps (NSCDC) have closed down seven filling stations for receiving diverted products and selling to motorists at cut-throat prices in Abuja and environs. The NNPC also said 24 fuel-laden trucks meant for Abuja were diverted to Southeast states.Read MoreThe post '24 trucks meant for Abuja diverted to South East' appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017
President Muhammadu Buhari's son, Yusuf,is still undergoing treatment in Abuja'sCedarrest Hospital, the Presidency said yesterday. This is contrary to the report in some online media that he had been flown overseas. Yusuf had a head injury and broke a limb in a bike accidenton Tuesdayin Abuja. Senior Special Assistant to the President on Media andRead MoreThe post Buhari's son being treated in Abuja, says Presidency appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

President Muhammadu Buhari's son, Yusuf,is still undergoing treatment in Abuja'sCedarrest Hospital, the Presidency said yesterday. This is contrary to the report in some online media that he had been flown overseas. Yusuf had a head injury and broke a limb in a bike accidenton Tuesdayin Abuja. Senior Special Assistant to the President on Media andRead MoreThe post Buhari's son being treated in Abuja, says Presidency appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Former soccer star George Weah is set to be named Liberia's President after sweeping Tuesday's rerun Presidential election. With 98.1 per cent of the vote counted, Weah was leading with 61.5 per cent to Vice President Joseph Boakai's 38.5 per cent, National Election Commission Chairman Jerome Korkoyah told reporters in Monrovia yesterday. The electoral commissionRead MoreThe post Weah set to become Liberia's President appeared first on The Nation Nigeria. 




Fri, 29 Dec 2017

Former soccer star George Weah is set to be named Liberia's President after sweeping Tuesday's rerun Presidential election. With 98.1 per cent of the vote counted, Weah was leading with 61.5 per cent to Vice President Joseph Boakai's 38.5 per cent, National Election Commission Chairman Jerome Korkoyah told reporters in Monrovia yesterday. The electoral commissionRead MoreThe post Weah set to become Liberia's President appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Lagos State said yesterday that its economy got a N50 billion boost this month through spending in the creative sector. Information and Strategy Commissioner Steve Ayorinde said from various reports, statistics and analyses monitored over the last few days, additional spending of about N50billion in the creative entertainment sector was recorded within the last 25Read MoreThe post 'December spending boosts Lagos economy by N50b' appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Lagos State said yesterday that its economy got a N50 billion boost this month through spending in the creative sector. Information and Strategy Commissioner Steve Ayorinde said from various reports, statistics and analyses monitored over the last few days, additional spending of about N50billion in the creative entertainment sector was recorded within the last 25Read MoreThe post 'December spending boosts Lagos economy by N50b' appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

The EFCC has arrested 13 suspected Internet fraudsters for conspiracy, possession of fraudulent documents and obtaining money under false pretence. The suspects are- Badejo Tobi; Abiola Dimeji; Anthony Godwin; Osoba Adeboye; Adeleken Abiodun and Awokoya Oriyomi Yusuf. Others are: Oyatayo Ismail; Coffie Meschark; Sylvester Amaddin; Olawale Farouk; Adeniran Tolani; Taiwo Michael and OyekanmiAyodeji. According toRead MoreThe post EFCC arrests 13 internet 'fraudsters' appeared first on The 



Fri, 29 Dec 2017

The EFCC has arrested 13 suspected Internet fraudsters for conspiracy, possession of fraudulent documents and obtaining money under false pretence. The suspects are- Badejo Tobi; Abiola Dimeji; Anthony Godwin; Osoba Adeboye; Adeleken Abiodun and Awokoya Oriyomi Yusuf. Others are: Oyatayo Ismail; Coffie Meschark; Sylvester Amaddin; Olawale Farouk; Adeniran Tolani; Taiwo Michael and OyekanmiAyodeji. According toRead MoreThe post EFCC arrests 13 internet 'fraudsters' appeared first on The 



Fri, 29 Dec 2017

he National Chairman of the All Progressives Congress (APC),Chief John Odigie-Oyegun, said yesterday he survived a plot to remove him because he did not do any dishonourable thing. He said he was targeted because of his 'loyalty'. Odigie-Oyegun, who spoke in Benin City when he was honoured as 'Ogbe Eni' (Elephant Killer) by the BeninRead MoreThe post Why I survived removal plot, by Odigie-Oyegun appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

he National Chairman of the All Progressives Congress (APC),Chief John Odigie-Oyegun, said yesterday he survived a plot to remove him because he did not do any dishonourable thing. He said he was targeted because of his 'loyalty'. Odigie-Oyegun, who spoke in Benin City when he was honoured as 'Ogbe Eni' (Elephant Killer) by the BeninRead MoreThe post Why I survived removal plot, by Odigie-Oyegun appeared first on The Nation Nigeria. 




Fri, 29 Dec 2017

The military yesterday launched an exercise codenamed: Jagunlabi, to flush out kidnappers, armed robbers and militants out of Lagos State. The exercise, an offshoot of Operation AWATSE, launched at Majidun in Ikorodu, a Lagos suburb, covers all Lagos backwaters and hinterlands. Declaring the exercise open, the Flag Officer Commanding (FOC) Western Naval Command (WNC) RearRead MoreThe post Military moves to flush out militants,kidnappers from Lagos appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

The military yesterday launched an exercise codenamed: Jagunlabi, to flush out kidnappers, armed robbers and militants out of Lagos State. The exercise, an offshoot of Operation AWATSE, launched at Majidun in Ikorodu, a Lagos suburb, covers all Lagos backwaters and hinterlands. Declaring the exercise open, the Flag Officer Commanding (FOC) Western Naval Command (WNC) RearRead MoreThe post Military moves to flush out militants,kidnappers from Lagos appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Majority of Small and Medium Enterprises (SMEs) have no access to bank loans for their operations ' no thanks to the Federal Government's preference for Bonds and Treasury Bills (T-Bills) issuances in funding key projects to keep inflation and exchange rate stable. Bank deposits are now invested in government securities that are fast becoming aRead MoreThe post Small businesses groan as T-Bills, bonds grab attention appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Majority of Small and Medium Enterprises (SMEs) have no access to bank loans for their operations ' no thanks to the Federal Government's preference for Bonds and Treasury Bills (T-Bills) issuances in funding key projects to keep inflation and exchange rate stable. Bank deposits are now invested in government securities that are fast becoming aRead MoreThe post Small businesses groan as T-Bills, bonds grab attention appeared first on The Nation Nigeria. 




Fri, 29 Dec 2017

The Nigerian Institute of Medical Research (NIMR), Yaba, Lagos, has inaugurated a Research Advisory Board. The 14-member, whose tenure is five years, are Prof of Medicine, Emory University School of Medicine, Ighovwerha Ofotokun, Prof Alash'le Abimiku of the Institute of Human Virology, University of Maryland School of Medicine, Baltimore, former NIMR Director-General (DG), Prof OniRead MoreThe post NIMR inaugurates advisory board on research funding appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

You may be forgiven to think that cholera no longer exists. In my teen years, cholera was a scourge in Nigeria so much that a very popular Juju musician ensured as part of his campaign to prevent the illness from spreading, sang an indelible memorial songs to cholera. Folks who lived through the 1970s andRead MoreThe post Food and water poisoning: Cholera and other bacteria appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

A non-governmental Organisation (NGO) Health Emergency Initiative (HEI), has reaffirmed its commitment to assisting accident victims in need of emergency health care in public health institutions in Lagos. The initiative, which is part of the group's 'None should die Campaign', is aimed at stabilising critically injured road accident victims within 48 hours of such anRead MoreThe post NGO aids accident victims appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Lagos State Governor Akinwunmi Ambode yesterday approved the appointment of Dr. Nosiru Olajide Onibon as the acting provost of Michael Otedola College of Primary Education (MOCPED) at Noforija in Epe. A statement in Ikeja, the state capital, by Special Adviser to the Governor on Education Mr. Obafela Bank-Olemoh, said the appointment took immediate effect. Onibon'sRead MoreThe post Ambode appoints acting provost for education college appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

To workers, the outgoing year is tough. Many lost their jobs; some were not paid salaries. On another front, the continued fall of the naira and the rise in inflation, among others, made life difficult for them. However, labour is optimistic that 2018 will be better, writes TOBA AGBOOLA. To organised labour, the outgoing yearRead MoreThe post Workers'expectations in 2018, by Wabba appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

The African Development Bank has achieved a 100 per cent investment in renewable energy in 2017, a major landmark in its commitment to clean energy and efficiency. Power generation projects with a cumulative 1,400 megawatts exclusively from renewables were approved during the year, with plans to increase support for renewable energy projects in 2018 underRead MoreThe post AfDB invests in green energy appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

TheLead Consultant, Above Media, has advised the Federal Government to review its rebranding campaign. Yusuf, author of Appraisal of the Rebranding campaign of the Federal Government of Nigeria stated this ahead of the launch of his book. The book examines the image crisis in Nigeria and the attempts at branding and rebranding the nation. AlsoRead MoreThe post Fed Govt urged to review rebranding campaign appeared first on The Nation Nigeria. 




Fri, 29 Dec 2017

Sesame seed production has the potential to generate about N180 billion in four months if fully tapped, National President, National Sesame Seed Association of Nigeria (NSSAN), Alhaji Sherif Balogun, has said. Balogun, said sesame seed production could also provide employment to 900,000 youths annually, sayng that 'what is needed is between N60,000 and N70,000 toRead MoreThe post 'Nigeria can earn N540b from sesame seed' appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

FirstBank of Nigeria Limited has announced it is convening a Youth Mentoring Session, themed 'Building a Financially Literate Tribe'. The event which will be hosted by its Chairman, Mrs. Ibukun Awosika, is being organised to drive a culture of financial literacy among the youth and create a consciousness of financial efficiency in their daily activities;Read MoreThe post FirstBank plans youth mentoring with Awosika appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

The naira will be stable next year as the Central Bank of Nigeria (CBN) continues its regular dollar injections into the foreign exchange market, traders said. The naira has been hovering at 360 to a dollar for investors, around the same level as in the parallel market. On the official market, it has been quotedRead MoreThe post CBN's interventions to keep naira stable in 2018 appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Domestic airlines on Thursday canceled more flights over poor visibility on major routes from Lagos and Abuja into Enugu, Calabar and Benin. Arising from the bad weather airplanes scheduled to fly from Abuja and Lagos into airports in South Eastern and South South routes could not leave their aerodromes on account of en route weatherRead MoreThe post Airlines cancel more flights over bad weather appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Clears air on budget padding allegation Nigeria Export Processing Zones Authority (NEPZA), has licenced three new Free Trade Zones (FTZs), the Managing Director, Emmanuel Jime, has said. In a statement, NEPZA's Head Corperate Communication, Simon Imobo-Tswam , said the MD made this known in his Christmas Message. He listed the new FTZs to include,Read MoreThe post NEPZA licenses three FZs, nets $2.8b appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

The National Association of Road Transport Owners (NARTO) in Ibadan, the Oyo State capital, has warned Petroleum Tanker Drivers (PTD), a branch of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), against conniving with petroleum products smugglers, noting that anyone caught doing so would face the consequences. The body urged the National Assembly toRead MoreThe post NARTO warns tanker drivers against aiding fuel smuggling appeared first on The Nation Nigeria. 



Union Bank is transforming and in good position

Fri, 29 Dec 2017

Union Bank celebrated its 100th anniversary this year. If there were doubts about the bank achieving the objectives of its Transformation Agenda, they have been cleared, going by the resounding success recorded since the transformation journey began. The Bank's Transformation Director, Joe Mbulu, in this chat with Group Business Editor SIMEON EBULU, says it all.Read MoreThe post 'Union Bank is transforming and in good position' appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

A shameful picture of dysfunction In October, the First Lady chastised the management of Aso Rock Clinic for not having syringes and other basic medical equipment and medications for even emergency treatment at the clinic. In response, the House of Representatives quickly resolved to investigate the 'deplorable condition' of the clinic and its failure toRead MoreThe post NASS Clinic appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

A lesson for young and old alike After earning a doctorate in Christian Theology from the National Open University of Nigeria (NOUN) on December 15, former President Olusegun Obasanjo got the public wondering what he would do next. He hit the headlines when in November 2006 he enrolled for a post-graduate diploma programme in ChristianRead MoreThe post Dr. Obasanjo's example appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

SIR: Oyo State governor, Senator Isiaq Abiola Ajimobi clocked 68 on December 16. As the case in our clime, the birthday of government functionaries from the president, down to the local government chairmen are known through the newspapers advertisement by well-wishers. This year birthday of Senator Ajimobi is not an exception. The point I amRead MoreThe post When Ajimobi turned 68 appeared first on The Nation Nigeria. 



Fri, 29 Dec 2017

Pictures of police brutality painted by Olusegun Adekoya who reportedly experienced it directly were thought-provoking, frightening and disgusting. A report said the former official of Amuwo Odofin Local Government, Lagos State, claimed he was severely beaten up by men of the Inspector-General of Police Intelligence Response Team (IGP IRT) over the July 21 killing ofRead MoreThe post Brutish police appeared first on The Nation Nigeria.