NIGERIA NEWSPAPERS: TODAY’S THE NATION NEWSPAPER HEADLINES [22 JANUARY, 2018].

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Below are the headlines found on The Nation Online Newspaper for today, Monday, 22 January, 2018.
Mon, 22 Jan 2018
Security agencies have uncovered Islamic State in West Africa (ISWA) fighters in Benue, Kogi and Edo states, it was learnt yesterday.
A source in the Presidency said the group had been operating within some North Central and South-South states, using foreign terrorists.
They are also believed to be recruiting young men into their fold and killing innocent people, thereby creating tension along ethnic, religious and regional fault lines.
It was gathered that “a good number “of the Islamic State terrorists have been arrested not only in the Benue valley but significantly in many towns in Edo State, such as Akoko Edo, Okpella and Benin, the state capital. They have also been found in Okene in central Kogi State.

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The source said: “Security service organisations, including the Department of State Service, (DSS) in a report submitted to President Muhammadu Buhari, identified an Islamic State in West Africa network operating within some North Central and South-South areas”
The source said the discovery was made following the arrest of many suspected attackers made up of Fulani herdsmen, government-sponsored militias, militants and other miscreants in Benue State.
The source, who spoke on condition of anonymity because of the “sensitivity” of the matter, said among those in custody were many who spoke Nigerian languages.
“They mostly speak the French,” the source said, adding: “This is the first time that security officials have confirmed that Islamic State in West Africa members are operating as a unit in Nigeria and the level of their penetration of the country.”
He went on: “It is understood that the cell, which has members in different parts of the country concentrates on recruiting young men to fight for the Islamic State in West Africa by unleashing the cold-blooded murder of innocent citizens.
“There was intelligence that they had planned attacks in the country, before and during Christmas and the New Year festivities. Their bombing targets included fuel depots, foreign missions, the police and military establishments.
 
“Their network is very wide. But so much was achieved by the DSS, which made a significant number of arrests in the last two months that helped to preempt those attacks. This helped to save Nigeria from the spate of major terrorist attacks witnessed elsewhere that were syndicated by ISIS worldwide.”
The reports submitted to the Presidency, he said, also revealed that security officials now fear an influx of other ISIS members into many parts of the country.
“We are learning more and more about this complex and sophisticated network. This is the main reason why the secret service is not parading those suspects so far arrested. It has become clear to us, by now, that the challenge facing this country is a serious one.”

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Senior Special Assistant to the President on Media and Publicity Mallam Garba Shehu confirmed that President Buhari had been receiving “report upon report on the situation in Benue and other states”.
He said although the DSS had recorded a lot of success lately, he had not been briefed on any of the reports.
In Benue State, no fewer than 73 persons were killed by gunmen, who were said to be herdsmen. In Taraba, 55 persons died and 200 homes were torched. Both incidents occurred early this month.
Mon, 22 Jan 2018
The economy remains strong with all indices moving in the right direction, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday.
He allayed the fears of Nigerians and the international community over the inability to hold the Monetary Policy Committee (MPC) meeting scheduled for today and tomorrow.
The meeting could not hold due to the non-confirmation of the MPC nominees by the Senate.
With the expiration of the tenure of some members, the MPC cannot form a quorum.

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In a personally signed statement,  Emefiele explained that the MPC meeting won’t hold as a result of lack of quorum as stipulated in the CBN Act 2007.
Emefiele said the CBN would continue to maintain the key monetary variables as decided in the last MPC meeting of November 2017, which was to hold Monetary Policy Rate (MPR) at 14 per cent, Cash Reserve Ratio (CRR) at 22.5 per cent, liquidity ratio at 30 per cent and the asymmetric corridor at +200 and -500 basis points around the MPR.
He cited the recovery in oil prices and boost in domestic production, Nigeria’s exit from recession in 2017, decline in inflation rate to 15.37 per cent, and accretion to the country’s foreign exchange reserves, which now stands at $40.78 billion, as positive indicators, stressing that these underscored the fact that the Nigerian economy remained strong.
He noted that strong investor confidence in Nigeria had attracted inflows of about $13 billion through the Investors’ and Exporters’ (I&E) window, opened by the CBN in 2017. According to him, these inflows have boosted foreign exchange supply and helped to stabilise the exchange rate.
“We have also seen market capitalization of our Stock Exchange improve by 22.3 per cent from N13.21 trillion on November 30, 2017 to N16.15 trillion as at 19 January 2018, while the All-Share Index (ASI) rose by 18.8 per cent from 37,944.60 to 45,092.83 over the same period,” he added.
Emefiele assured that a revised schedule of the Meetings for the MPC would be communicated as soon as the Bank meets the statutory requirements of membership and quorum for the MPC.
 
He also assured that the CBN Management would continue to sustain the gains recorded in the economy and as its vigilance and proactivity to ensure overall macro-economic stability throughout 2018.

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Last October, President, Muhammadu Buhari nominated Mrs. Aisha Ahmad as CBN Deputy Governor. He also sought the confirmation of Adeola Festus Adenikinju, Aliyu Rafindadi Sanusi, Robert Chikwendu Asogwa, and Asheikh Maidugu as members of the CBN’s Monetary Policy Committee.
Mon, 22 Jan 2018
The Nigerian National Petroleum Corporation (NNPC) has released 250 trucks of petrol to Lagos   to ensure the product’s availability, its spokesman, Mr Ndu Ughamadu, said yesterday.
Ughamadu said there was a slight change in the distribution network in Lagos, as the city is currently being supplied by the Major Oil Marketers Association of Nigeria (MOMAN).
He said: “At the weekend there was a hitch in discharging of petrol by ships which has been ratified. Today, 250 trucks have been discharged to Lagos compared to less than 200 trucks usually allocated to Lagos at the weekend

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The NNPC Group General Manager (Public Affairs) said the ships which started discharging on Saturday night had finished offloading, adding that  the long queue will soon  disappear in Lagos.
 
Ughamadu urged motorists to avoid petrol storage and panic buying, saying there is sufficient product in stock that will last for days.
He said a slight hitch at the  Port Harcourt Refinery  contributed to the problem, promising that the issue will be  sorted out today.
Mon, 22 Jan 2018
THERE seems to be no end to the alleged mind-boggling financial misappropriation in the former President Goodluck Jonathan administration.
In the centre of it all is, according to records unearthed by investigators, former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke.
Economic and Financial Crimes Commission (EFCC) detectives have just uncovered the withdrawal of $1.3billion from the accounts of the Nigerian National Petroleum Corporation (NNPC), ostensibly to fight kidnapping and other security threats in the Niger Delta.
The withdrawal was neither authorised by the National Assembly nor the Federal Executive Council (FEC).
 
The former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, is also believed to be unaware of the deductions from the NNPC accounts.
The ex-Minister only relied on a memo from ex-President Goodluck Jonathan without recourse to the board of the NNPC.
A former Group Executive Director, Finance and Accounts of NNPC, Mr. Bernard Otti, has been quizzed by  Economic and Financial Crimes Commission (EFCC) detectives.
Otti is said to have also made available to the EFCC some documents, including approvals to withdraw the $1.3billion by Mrs Alison-Madueke.
In two other instances, Jonathan wrote on two other requests mandating the former minister to take part of the cash from either NNPC Security Vote Account or from the “Gas Fund”.

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According to sources, EFCC operatives were almost closing up the probe of the ex-Minister when the withdrawal of the $1.3billion was uncovered.
 
About $1.4billion was requested by the Office of the National Security Adviser (ONSA) via three memos, for “Intervention for Urgent National Security Projects.”
About $1.3billion was released from NNPC accounts but it was unclear what became of the $100million balance as at press time.
ONSA had requested for $1.4billion between March 27, 2014 and May 5, 2014 when approval was given and cash backed.
About three memos were sent to ex-President Jonathan on March 27, 2014, 31st March 2014 and May 5, 2014.
In the first memo, of March 27th, 2014, the former National Security Adviser, Mr. Sambo Dasuki, requested for $1billion to fight kidnapping, crude oil theft and petroleum pipeline vandalism.
The memo to Jonathan, which was titled “Request for intervention for urgent National Security Projects”, said: “Your Excellency, apart from the insurgency in the Northeast, the country is also contending with some other security challenges, such as crude oil theft, sea piracy, kidnapping as well as petroleum pipeline vandalism.
Mon, 22 Jan 2018
FUEL queues returned to Lagos yesterday. Many motorists, who have been buying fuel with ease for some days, were shocked by the sudden reemergence of the queues. Few filling stations were selling petrol; many others were shut. The black market boomed as operators sold in jerry cans at exorbitant prices to desperate motorists. A 10-litreRead MoreThe post Motorists groan as fuel queues return to Lagos appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
THERE seems to be no end to the alleged mind-boggling financial misappropriation in the former President Goodluck Jonathan administration. In the centre of it all is, according to records unearthed by investigators, former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke. Economic and Financial Crimes Commission (EFCC) detectives have just uncovered the withdrawal of $1.3billion fromRead MoreThe post Diezani in trouble again over withdrawal of $1.3b from NNPC accounts appeared first o 

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Mon, 22 Jan 2018
The Nigeria Customs Service (NCS) has foreclosed granting of fresh window allowing members of Association of Motor Dealers of Nigeria (AMDON) to pay duty on the vehicles in their parks across the country. Customs Public Relations Officer, Mr. Joseph Attah, who disclosed this at the weekend, said it will not be in the interest ofRead MoreThe post Customs rejects another window for motor dealers appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
The Olubadan of Ibadan, Oba Saliu Adetunji, yesterday said he and his supporters are not celebrating the State High Court’s judgment which declared the panel that recommended the review of the Olubadan Chieftaincy Declaration a nullity. An Oyo State High Court, on Friday, declared the panel and the activities it produced as illegal. This meansRead MoreThe post Olubadan: we’re not celebrating High Court verdict appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
The Olubadan of Ibadan, Oba Saliu Adetunji, yesterday said he and his supporters are not celebrating the State High Court’s judgment which declared the panel that recommended the review of the Olubadan Chieftaincy Declaration a nullity. An Oyo State High Court, on Friday, declared the panel and the activities it produced as illegal. This meansRead MoreThe post Olubadan: we’re not celebrating High Court verdict appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Over the past two years, the bulk of the Lagos State government revenue has been spent on capital expenditure, specifically physical and social infrastructural development. In 2017, 54 per cent of the state’s income was voted to infrastructure; in 2016, it was 58 per cent and for 2018, 67 per cent capital expenditure is proposed.Read MoreThe post Fixing Lagos infrastructure deficit with tax earnings appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
A woman has narrated to the Rapid Response Squad (RRS) how five men robbed her in Ketu, Lagos, on New Year’s eve. According to the woman, simply identified as Alhaja, she was surrounded by five young men wielding knives and daggers after alighting from a tricycle, otherwise called Keke Marwa. The RRS has since arrestedRead MoreThe post How five men robbed me in Ketu, by victim appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Hopes of eradicating hunger in the country may be delayed much longer. This is because the structures and parameters for expanding food production are not adequate yet, says the Registrar and Chief Executive, Nigeria Institute of Animal Science (NIAS), Prof. Eustace Iyayi. The Institute was established by the National Assembly Act No. 26 of 2007,Read MoreThe post ‘To end hunger in 2020 not realistic’ appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Twenty-three Ondo State-born returnees from Libya yesterday narrated their ordeal in the North African country where they had hoped for a better life. They were received by a delegation, led by Deputy Governor Agboola Ajayi and State Director of the Department of State Services (DSS) Salami Ajege at the State Correctional Centre in Akure, theRead MoreThe post Our ordeal in Libya, by returnee Ondo indigenes appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
IF the funds traced to Mrs. Diezani Alison-Madueke by local and international anti-graft agencies had been earned from legitimate sources, she would have made Forbes’ Billonaire List as one of the richest African Several billions (in local and foreign currencies) have been traced to Mrs. Alison-Madueke, who held the forte as Petroleum Resources Minister betweenRead MoreThe post A former oil minister and her billions appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
The Nigeria-British Chamber of Commerce (NBCC) has identified low cash flow in as a major challenge to Small and Medium Enterprises (SMEs) in the country. Speaking with The Nation, NBCC President, Mr Akinola Olawore, advised the government to do more of infrastructure spending to redress the situation, adding that entrepreneurs’ activities will help Nigeria attainRead MoreThe post NBCC: cash flow major challenge to SMEs appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
WITH the shocking news that Islamic State fighters have penetrated some states, the government should now look beyond the farmers/herdsmen rift to discover the root of the grave security challenge confronting Nigeria. When did herdsmen become killers’ Are the unscrupulous elements perpetrating mayhem and using the farmers/herdsmen palaver as decoy’ Are they causing violence andRead MoreThe post Security: Beyond farmers/herdsmen crisies appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
The peace deal brokered between the Fresh PDP and the leadership of the Uche Secondus-led Peoples Democratic Party (PDP) has hit the rocks, barely 24 hours after it was brokered. A former national chairman of the PDP, Dr. Okwesilieze Nwodo, had, on Saturday, presided over a marathon truce meeting with purported leaders of the FreshRead MoreThe post Confusion as Fresh PDP faction rejects truce with Secondus appeared first on The Nation Nigeria. 

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Mon, 22 Jan 2018
Six quoted companies are under the watch-list of the Nigerian Stock Exchange (NSE) for compulsory delisting of their shares from the stock market due to recurring failures to comply with international best practices and corporate governance rules. A regulatory report at the weekend indicated that the companies have been on the delisting watch-list of theRead MoreThe post Six firms face compulsory delisting for poor governance appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Not yet time to celebrate the stock market surge FAR from sounding the alarm bells, managers of the Nigerian economy will no doubt do well to pay attention to the Nigerian bourse. In every respect, the signals are that the good times are finally back. On January 11, the Nigerian Stock Exchange (NSE) All-Share IndexRead MoreThe post Cautious optimism appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Ekiti State Governor Ayo Fayose has given herdsmen in the state a three-month ultimatum to register for easy identification. They will pay N5,000 each for the registration to enable the government identify who should be held responsible in the event of any attack in the state. Fayose also vowed to hold the Sarkin Fulani (HeadRead MoreThe post Fayose gives herdsmen in Ekiti three months to register appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Determined to ensure a building collapse-free year, the Lagos State Building Control Agency (LASBCA), has said it is combing the state to identify and arrest structures that are either defective or may fail. Its General Manager, Mr. Lekan Shodeinde, an engineer, in a chat with The Nation, explained that the new strategy would include identifyingRead MoreThe post LABSCA to comb Lagos for unsafe structures appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
THE rehabilitation of the Apapa Marine Beach Bridge has been completed, the project contractor, Ghassan Kaadi, said yesterday. Kaadi of Buildwell Plants and Equipment Industries Ltd, told the News Agency of Nigeria (NAN) that the bridge was ready for use.. Construction materials and equipment have been moved out of the project yard under the bridgeRead MoreThe post Apapa Marine Beach Bridge ready, says engineer appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Safety measures on the sale and use of gas must be enforced RECENT liquefied petroleum gas explosions in Lagos and elsewhere in Nigeria have shown the urgent need for the authorities to ensure that preventive and safety measures are properly enforced. In Ikosi Isheri, a leak was discovered at a gas station. Efforts had beenRead MoreThe post Gas explosions appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
The Oyo State Peoples Democratic Party (PDP) has witnessed high and low times in the last six months. Many aggrieved defectors have returned to the fold, following receonciliation, to the excitement of party members.. But, the excitement was terminated by the recent defection of its prominent leaders to the All Progressives Congress (APC). The defectionRead MoreThe post Oyo PDP’s thorny journey to 2019 appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
President Donald Trump in his pushback against Michael Wolff’s damaging book, Fire and Fury, touted himself ‘a very stable genius.’ He truly must be. Because with just another of his famously unguarded weigh-ins, he has elevated a hitherto unprintable obscenity into a pervasive print word. That must surely count for a streak of genius! AndRead MoreThe post Of ‘shitholes’ and ‘shitty’ jibes appeared first on The Nation Nigeria. 

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Mon, 22 Jan 2018
To cost $4.2tr in financing Avolon, an international aircraft leasing company, has releasedits World Fleet Forecast projecting growth and changes in commercial jet fleet over the next 20 years for global airlines. About 43,000 new aircraft are expected to be delivered to global airlines, a forecast that world jet airliner fleet will double toRead MoreThe post ‘Firms to deliver 43,000 new aircraft in 20 years’ appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
No one is in doubt that Nigeria is a great country, specially blessed with abundant human and natural resources. It is also not untrue that the country has experienced growth and development since her political independence in 1960. However, Nigerians are divided as regards whether the development recorded tallies with the available resources. In myRead MoreThe post Nigeria’s descent into state of nature appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
SIR: The federal government has proposed the setting up cattle colonies in states of the federation as a solution to the incessant cases of farmers /herdsmen clashes in many parts of the country. Nigeria’s Minister of Agriculture and Rural Development, Audu Ogbeh has laboured on many occasions to convince Nigerians on the need to acceptRead MoreThe post Cattle colonies not for Akwa Ibom appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Retired Bishop of the Methodist Church of Nigeria, Ibadan Diocese, the Right Rev. Ayo Ladigbolu spoke with BISI OLADELE in Ibadan, Oyo State capital, on the agitation for restructuring and other issues. You knew when Nigeria gained independence and you have been around since then. How would you describe Nigeria’s journey of 57 years, havingRead MoreThe post ‘Restructuring is the answer’ appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
It was no time to show showmanship, but a showman will always be a showman. Senator Ben Murray-Bruce, who became a federal lawmaker after succeeding in the entertainment sector, put up an entertaining show in the Senate chamber on January 17. A report said: ‘The session came on the heels of Tuesday’s 14-day ultimatum forRead MoreThe post Playing to the gallery appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
After a serious session of The Nation Editorial Board on January 17, it was time for serious fun. Ambassador Dapo Fafowora, a trained historian and a respected retired diplomat, was leaving the Board after 11 years of dedicated service and deserved to be celebrated. He will be 77 in March. The newspaper’s boardroom at itsRead MoreThe post A party for Fafowora appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
The board of Financial Reporting Council of Nigeria (FRC) has inaugurated Technical Committee on National Code of Corporate Governance. The committee will in the coming months review the suspended National Code of Corporate Governance taking into cognizance the extensive public commentary received on the suspended codes, the FRC has said. Chairman, Governing Board, of FRC,Read MoreThe post FRC to review National Code of Corporate Governance appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Hon. Lanre Ogunsuyi, a member of the old Ondo State House of Assembly, is the Commissioner for Information in Ekiti State. In this interview with ODUNAYO OGUNMOLA, he speaks on why his boss, Governor Ayo Fayose, is the best material for the presidency in 2019. What is your take on the deduction of $1billion fromRead MoreThe post Fayose has right to run for president, says aide appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Visa Incorporated has announced the appointment of Andrew Torre as Regional President for its Central and Eastern Europe, Middle East and Africa (CEMEA) region, based in Dubai. Torre, who previously led Visa’s Sub-Saharan Africa business, will now oversee all its operations in more than 90 countries across CEMEA and report to Visa’s global president, RyanRead MoreThe post Visa names Torre Regional President for CEMEA appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
All Progressives Congress (APC) chieftain and House of Representatives member from Nguru/Yusufari/Karasuwa/Machina Constituency, Hon. Sidi Yakubu Karasuwa, has unfolded his governorship ambition in Yobe State. He has written letters to party chieftains and his supporters on his bid, urging them to elect him as the flagbearer at the primary. Karasuwa is a two-time Director- GeneralRead MoreThe post Yobe 2019: Governorship aspirant writes supporters appeared first on The Nation Nigeria. 
Mon, 22 Jan 2018
Nigeria’s largest conglomerate and oldest surviving business, UAC of Nigeria (UACN) Plc has appointed four new managing directors and a deputy managing director for five of its subsidiaries. In a group-wide management changes, the conglomerate has appointed new heads for its paints and chemical, logistics and agricultural businesses. Mrs Oluwakemi Ogunnubi takes over as ManagingRead MoreThe post UACN appoints five new MDs, DMD appeared first on The Nation Nigeria. 

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