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NIGERIA NEWSPAPERS: TODAY'S THE DAILY TRUST NEWSPAPER HEADLINES [19 JANUARY, 2018]


Below are the headlines found on The Daily Trust Online Newspaper for today, Friday, 19 January, 2018.
Fri, 19 Jan 2018
Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister. 
A spokeswoman for JP Morgan dismissed the accusation on Thursday, saying the firm “considers the allegations made in the claim to be unsubstantiated and without merit”. 


 
The suit filed in British courts relates to a purchase of the offshore OPL 245 oilfield in Nigeria by oil majors Royal Dutch Shell and Eni in 2011. 
At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block that the lawsuit says was deposited into a Nigerian government escrow account managed by JP Morgan. 
The lawsuit said JP Morgan then received a request from finance ministry workers to transfer more than $800 million of the funds to accounts controlled by the previous operator of the block, Malabu Oil and Gas, itself controlled by former oil minister Dan Etete. 
The lawsuit said that JP Morgan then transferred the funds to two accounts controlled by Etete, without sufficient due diligence to make sure the money did not leave accounts controlled by the Nigerian government. 
Reuters was unable to reach either Etete or Malabu for comment. 
The filing seen by Reuters was made in London in November on behalf of the Federal Republic of Nigeria, and says that JP Morgan acted with gross negligence by allowing the transfer of the money without further checks. 
It said JP Morgan should have known that, under Nigerian law, the money should never have been transferred to an outside company. 
“If the defendant acted with reasonable care and skill and/or conducted reasonable due diligence it would or should have known or at least suspected ... that it was being asked to transfer funds to third parties who were seeking to misappropriate the funds from the claimant and/or that there was a significant risk that this was the case,” the filing said.
Fri, 19 Jan 2018
On Tuesday last week, January 9, the Independent National Electoral Commission [INEC] issued the 2019 Election Time Table and Schedule of Activities for 2019 Federal Capital Territory (FCT) Area Council Elections. It will be recalled that on March 16, last year INEC announced the dates for the 2019 elections. INEC fixed Saturday, February 16, 2019 as the date for Presidential and National Assembly elections while Governorship and State Assembly elections are to hold on Saturday, March 2, 2019. It said FCT Area Council elections will also hold on Saturday March 2, 2019. 
Last week’s announcement built up on that. INEC National Chairman Prof. Mahmood Yakubu, who addressed the press in Abuja, said political parties should conduct their party primaries, including the resolution of disputes arising from primaries, between August 18, 2018 and October 7, 2018 for national and state elections while that of the FCT Area Council is slated for between September 4 and October 27, 2018.  Prof. Mahmood Yakubu said the commission arrived at the schedule of activities after its meeting held on the same day. 


 
He said the Publication of Notice of Election for National and State Elections would be on August 17, 2018 while that of the FCT Area Council Elections would be done on September 3, 2018. Collection of nomination forms by political parties for national and state elections will hold from August 11 to 24 while that of FCT Area Council elections would be between November 3 and 10, 2018. Commencement of campaign by political parties would be November 18 for Presidential and National Assembly Elections; December 1 for Governorship and State Assembly elections and December 2 for the FCT Area Council elections. The last day for the submission of nomination forms to INEC is December 3, 2018 for Presidential and National Assembly Elections; December 17 for Governorship and State Assembly and December 14, 2018 for the FCT Area Council Elections.
 INEC also fixed February 14, 2019 as the last day for campaigns for Presidential and National Assembly Elections while February 28, 2018 is the last day of campaign for Governorship, State Assembly and FCT Area Council Elections. Prof Yakubu then appealed to all and sundry to eschew bitterness and conduct their activities with decorum. He said, “The 2015 General Election was a watershed in the history of our democracy. The Commission is determined to build on this legacy by ensuring that our elections keep getting better.” 

Fri, 19 Jan 2018
On Tuesday last week, January 9, the Independent National Electoral Commission [INEC] issued the 2019 Election Time Table and Schedule of Activities for 2019 Federal Capital Territory (FCT) Area Council Elections. 

Fri, 19 Jan 2018
A Chieftain of the All Progressives Congress (APC), Alhaji Muhammad Ibrahim Daura, has called on President Muhammadu Buhari to let go the office of petroleum minister and concentrate on his duty as president. 

Fri, 19 Jan 2018
The PDP has berated governors elected on the platform of the APC and some ministers for not playing a role to ensure that President Muhammadu Buhari visited Benue State following the recent killings in the state. 

Fri, 19 Jan 2018
The Chairman of the National Rescue Movement (NRM), Senator Saidu Muhammed Dansadau, said yesterday that they would unveil an agenda never heard before in Nigeria. 

Fri, 19 Jan 2018
The APC in Oyo State has accused the Minister of Communication, Barr Adebayo Shittu, of desperation to get the governorship ticket in the state for the 2019 general elections. 

Fri, 19 Jan 2018
The organizer of Nigerias first ever Satire Festival, The Civics Art Table (TACT) has unveiled its theme for this year, adopting 2018 as Nigerias Year of The Youth. 

Fri, 19 Jan 2018
The Buhari Campaign Organisation (BCO) has said there is no vacancy in Aso Rock for those willing to contest the 2019 presidential election. 

Fri, 19 Jan 2018
President Muhammadu Buhari, in Abuja on Thursday, vowed that his administration would not condone any action capable of undermining the conduct of the 2019 general elections.

Fri, 19 Jan 2018
A pregnant woman has been hacked to death by suspects alleged to be herders in Orin-Ekiti, in the Ido/Osi Local government Area of Ekiti State. 

Fri, 19 Jan 2018
Scrap dealers in Lagos State have described the ban on cart pushers by the state government as unacceptable. 

Fri, 19 Jan 2018
Emotions ran freely yesterday, as a 26-year-old computer engineer, Wasiu Sanni, broke down in tears as his parents engaged in a divorce tussle. 

Fri, 19 Jan 2018
The 27-year-old marriage of popular Abeokuta, Ogun State-based film marketer, Ajibola Ayeni, popularly known as Ayeni Ventures, crashed yesterday when the Abeokuta Grade II customary court, Ake, granted his request to divorce his wife, Funke. 

Fri, 19 Jan 2018
Two children who were among the six victims that sustained various degrees of burns in the Monday accident in which a car went up in flames later died in Abaji General Hospital. 

Fri, 19 Jan 2018
Some Abuja residents have appealed to the FCT minister, Muhammad Musa Bello, to check the brazen distortions of the Abuja master plan, especially the green areas. 


Fri, 19 Jan 2018
The National Biosafety Management Agency (NBMA) has said it was established to protect the health of Nigerians and not a promoter of modern technology or Genetically Modified Organisms (GMOs). 

Fri, 19 Jan 2018
The General Manager, Kaduna Agricultural Development Agency (KADA), Dauda Ashafa has called on farmers in Kaduna state to move from the tradition farming methods to modern once with a view to accessing finance and technological knowhow to add value to their crops. 

Fri, 19 Jan 2018
The Securities and Exchange Commission (SEC) has extended the period for the free e-dividend registration exercise till February 28, 2018, to encourage more shareholders mandate their bank accounts. 

Fri, 19 Jan 2018
Eight domestic carriers operated 48, 319 flights in 2017 out of which 30, 214 were delayed while only 872 flights were cancelled, statistics from the Nigeria Civil Aviation Authority (NCAA) have shown. 

Fri, 19 Jan 2018
The Board of Premium Pensions Limited has appointed Mr. 

Fri, 19 Jan 2018
The ActionAid Nigeria (AAN) has said that it plans to raise 60 million to tackle poverty in 26 states and 222 communities where it currently works. 


Fri, 19 Jan 2018
Nigerias African Nations Championship campaign began with a low-key 0-0 draw against Rwanda in Tangier on Monday, but coach Salisu Yusuf has hailed the impact of teenage forward Sunday Faleye after a bright display. 

Fri, 19 Jan 2018
Habu Gumel, President of the Nigeria Olympic Committee (NOC), on Thursday in Lagos said 10 Nigerian athletes have recently benefitted from the Commonwealth Games scholarship. 

Fri, 19 Jan 2018
Rivers United have been ranked the best Nigerian club in 2017 by the International Federation of Football History & Statistics (IFFHS), writes the organization in its latest club world ranking. 

Fri, 19 Jan 2018
Arsene Wenger confirms a swap deal with Manchester United involving Alexis Sanchez and Henrikh Mkhitaryan could still happen this January. 

Fri, 19 Jan 2018
Five-time Grand Slam champion Maria Sharapova beat 14th seed Anastasija Sevastova in straight sets to reach the third round of the Australian Open. 

Fri, 19 Jan 2018
World football-governing body, FIFA, has handed the Nigeria Football Federation clean bill of health on its finances, following diligent application of best practices in its financial management. 

Fri, 19 Jan 2018
Four Nigerians will represent the country at the 2018 International Table Tennis Federation (ITTF) Africa Top 16 Cup holding in Kasarani indoor Gymnasium of Moi International Sports Stadium in Nairobi, Kenya.

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