Below are the headlines found on The Nation Online Newspaper for today, Wednesday, 31 January, 2018.

Wed, 31 Jan 2018
All seems set for the unveiling today of former President Olusegun Obasanjo’s Coalition for Nigeria Movement (CN).

Obasanjo broke the news of the coalition in a long “special statement” in which he lashed the President Muhammau Buhari administration.

Today’s event may have ignited a new wave of support for President Buhari, with an army of Non-Governmental Organisations (NGOs) endorsing him for the 2019 election.

The NGOs also vowed to start a nationwide rally in support of Buhari’s administration from February 6.

Of the 36 governors, 10  and some senators are said to have indicated interest in being part of the CN.

Seven governors are believed to be of the All Progressives Congress (APC) and three Peoples Democratic Party(PDP) members.

Others who are said to be part of the formation of CN are a former National Security Adviser, some ex-governors, such as Rabiu Musa Kwankwaso, former Cross River State Governor Donald Duke and former Jigawa State Governor Sule Lamido and retired Generals, among others.

The launch of CN Movement will hold this morning at the Shehu Musa Yar’Adua Centre.

Former Osun State Governor Olagunsoye Oyinlola is said to be the coordinator.

Oyinlola’s Asokoro Quarters, Abuja home was a beehive of activities yesterday, with politicians flocking the place.

It was gathered that Oyinlola is set to resign his appointment as the chairman of the National Identity Management Commission(NIMC) to enable him take up the role of coordinating the coalition.

Although the programme for the launch was already in the public domain yesterday, the list of attendees was kept under wraps.

The programme, however, stated the mission of the CN as follows:

“The Coalition for Nigeria Movement is a movement that seeks to promote and ensure socio-economic development, improvement, growth, social justice, egalitarianism, cohesion, cooperation, equity, equality of opportunity, transparency, societal order, rule of law, human security and human rights leading to National Unity, good governance and general well-being and the welfare of all citizens and inhabitants of Nigeria.”

A source, who spoke in confidence with our correspondent, said: “As you can see, we are set for the formal launch  of the CN Movement on Wednesday in Abuja.

“Our membership is open to all Nigerian citizens of 18 years and above. It is a common platform to rescue this nation from its challenges.

“Shortly after the launch, we will have interim officers and we will immediately start meeting with people and groups of like minds nationwide on the way forward for this country. We will traverse the length and breadth of this country to ‘change the change’ at hand.”

Responding to a question, the source added: “So far, we have about 10 governors on our side, a former National Security Adviser, some ex-governors(military and civilian), retired Generals, ex-ministers, Senators, members of the House of Representatives, and some civil society organisations.

“Others already collaborating with the CN include  a former National Security Adviser, some ex-governors like Rabiu Musa Kwankwaso, Donald Duke and Sule Lamido, a former Minister of Information, Prof. Jerry Gana and other like minds. We will release the list in the fullness of time.”

Asked if Obasanjo will attend the ceremony, the source replied: “I cannot be categorical if ex-President Olusegun Obasanjo will attend the inauguration but we are hopeful that he might be able to finish his assignment at the AU Secretariat to join us.”

The source also said: “Ex-Governor Olagunsoye Oyinlola will coordinate. All things being equal, he might resign his appointment as the chairman of NIMC on Wednesday to face the new task ahead.”

Elsewhere in Abuja yesterday, about 200 Non-Governmental Organisations (NGOs) are planning a nationwide rally for a second term in office for Buhari.

The group, under the aegis of the Forum of Non-Governmental Organisations in Nigeria (FONGON), believed that Obasanjo should be held responsible for half of Nigeria’s problems.

At a briefing yesterday in Abuja, the forum said the former President  cannot impose his will on the people; he should allow the principle of democracy to reign in the 2019 poll.

The National Coordinator of the forum,  Mr. Wole Badmus, said Buhari is not too old to lead the nation in 2019.

He said:  “We are a coalition of 200 NGOs, with a total membership of 3 million, comprising students, women, artisans, youth groups etc. drawn from the nation’s six geopolitical zones. We are here today to announce that starting from next Tuesday, February 6th 2018, we will kick start a nationwide rally in support of the Buhari Administration.

“The rally will start here in the nation’s capital, Abuja, and then move to all the six geo-political zones. It will be a rally like no other. We, the concerned NGOs, have come together to rally support for President Muhammadu Buhari‘s Administration, because we believe strongly that it has, since assuming office on 29 May 2015, performed creditably in putting Nigeria on the path of growth and development.

“We have chosen to come out this time because there seems to be an orchestrated campaign going on across the country at the moment to demonise the Buhari Administration, in order to pave the way for the return of the same people who brought the country to where it was before President Buhari launched his rescue mission upon assuming office.

Wed, 31 Jan 2018
Senators are threatening to boycott the February 1 security summit organised by the upper chamber, it was learnt yesterday.

They do not want the Villa Banquet Hall venue.

The decision to organise the summit was taken by the Senate after a January 17 debate on the state of the nation and killings.

The Executive showed interest in participating and President Muhammadu Buhari agreed to open the summit.

Some senators are now questioning the decision to coopt the Executive into the programme.

Yesterday, senators went into an executive session on the summit and it was learnt that the argument was heated, with many threatening a boycott.

The relationship between the Executive and the Senate has not been cordial.

After a lengthy closed-session, Senate President Bukola Saraki merely announced that the Senate deliberated on workings of the Senate and the National Assembly in general.

But a source said the issue of the security summit and where it would be held dominated the “heated closed-session”.

It was gathered that efforts by Saraki to persuade the senators to attend the summit failed.

Most of the senators, the source said, insisted that on no account should the security summit be held in the Villa.

The lawmakers were said to have said that instead of the Banquet Hall, State House, the summit should take place at the International Conference Centre (ICC).

Besides, it was gathered that the senators suggested that President Muhammadu Buhari should only attend the conference as a guest of honour where provision should made for him to speak and address participants.

Another source linked the position of the senators to the “shabby treatment meted to senators on October 26, when some senators were blocked from entering the Presidential Villa.”

“We should learn our lesson because once bitten twice shy,” he said.

Before the Closed session, a statement entitled “Security Crisis: Senate partners Presidency, to hold national summit Feb 1”, endorsed by the Senate Leader, Senator Ahmed Lawan, was circulated.

The statement said in part:  ”Worried by the multi-dimensional security challenges facing the nation, the Senate in collaboration with the President Muhammadu Buhari and the Executive arm will on Thursday, February 1 and Monday February 5 convene a National Security Summit.

“The Summit will provide an all-inclusive platform for heads of security and defence agencies, Governors, traditional rulers, socio-cultural groups, civil society organisations and others, with a view to finding solutions to acute and long term security challenges in the country.

”President Buhari, according to the statement, will declare open the summit to be held at the Banquet Hall of the State House on Thursday with all the 36 state governors in attendance.

Wed, 31 Jan 2018
Minister of Finance Mrs Kemi Adeosun and suspended Securities and Exchange Commission (SEC) boss Mr Mounir Gwarzo yesterday disagreed on the cause and propriety of the suspension of the Director-General.

At a House of Representatives’ public hearing by the Tajudeen Yusuf – led Committee on Capital Market and Institutions on Gwarzo’s suspension, Mrs. Adeosun said the suspension was in the interest of the capital market investing public. Gwarzo disagreed; he said it was all as a result of his decision to conduct a forensic audit on Oando Plc.

Yusuf explained that the investigation was not intended to witch-hunt anyone but aimed at building and restoring the confidence of the investing public in the capital market.

Gwarzo, who appeared at the hearing with a counsel, James Igwe, Senior Advocate of Nigeria (SAN), faulted his suspension on the point of law and Public Service Rule (PSR), stressing that the minister had no power to suspend him.

He pointed out that payment of severance package of N104 million to himself as well as awarding SEC contracts to companies he has interests in as alleged by the minister were untrue.

Gwarzo said his suspension was as a result of his resolve to conduct a forensic audit of Oando despite several attempts by the minister to stop him.

He also wondered why the minister interfered in the case of Oando and Oasis Insurance, and cited five other investigations carried out by SEC in the last two years which the minister never interfered in.

Gwarzo  said: “I strongly believe that anybody or group of persons that do not want a forensic audit to be undertaken on Oando Plc does not believe in the anti-corruption war of Mr. President. The forensic audit is yet to take place almost two months after my suspension and more than four weeks after Mrs. Kemi Adeosun told the nation that the exercise will commence. There is no court order as at today restraining SEC from undertaking the exercise. Oando has filed an appeal at the Court of Appeal and the matter is yet to be heard not to talk of issuing any order and SEC only obeys court orders and not filing of papers as was the case in Gombe Bond, BGL and Partnership, and the board of the Nigerian Capital Market Development Fund has since approved the engagement of the investigators and also approved the sum of N160 million for the exercise. Therefore, SEC has no right to vary the decision of the Board and no reason not to continue with the forensic audit”.

Igwe quoted copiously from the Securities and Investment Act, PSR and the constitution that the DG was not subjected to the PSR since he was not a public servant but a head of a government parastatal appointed by the President.

Igwe said the minister lacked the powers to suspend a SEC DG and that Gwarzo could only be guided or disciplined by the Investment and Securities Act (ISA) and staff manual of the agency, adding that the provisions of laws acted upon by the minister were non-existent in the rule books.

On the allegation of payment of severance package of N104 million to himself, Gwarzo said the payment was in accordance with the rules governing such matters.

He noted that though he was a commissioner for two years before being appointed by the President, subject to the approval of the Senate, he still went through the process of a new appointment and, as such,  he was entitled to two years of severance package.

He said all heads of government agencies, such as the Central Bank of Nigeria (CBN), including commissioners, are entitled to such packages, adding that all the commissioners as well as the Head of Legal and Enforcement of the Commission agreed that the payment be made to Gwarzo except the acting Head of Legal Department at the time who disagreed.

He said the approval of the minister was not required on the matter, notwithstanding the non-existence of the Board of the Commission at the time.

On his interest in certain private companies and award of contract to one of them, Gwarzo said he resigned his membership of the companies but found out that the resignation letters were not filed.

He also said there was no law that prohibits companies belonging to members of his family from sourcing for contracts.

“The Minister lacks the power to suspend me from service. The appointment into office or removal from office of the Director-General of SEC is a power strictly resident with the President of the Federal Republic of Nigeria. This is evident from the provisions of section 5 and 8 (1 and 2) of the IS Act, 2007. The minister’s role is only limited to recommendations to the President. It is elementary to Labour law that only an employer can suspend an employee, thus bringing to question the suspension by the Honourable Minister,” Gwarzo said.

According to him, as soon as the SEC issued a notice on 18 October 2017 to the public that a forensic audit will be carried out on Oando PLC and the shares be put on technical suspension, the Minister of Finance invited him to her office on 19 October 2017 at 9:30 am to inquire into the activities of the Commission on Oando Plc at that meeting.

“She sought to know the power I as the DG had to undertake such an exercise, stating that it had been suggested to her that I should be relieved of my job for taking such a decision,” Gwarzo said.

Wed, 31 Jan 2018
What manner of 'movement' is being launched today in Abuja, the Federal Capital Territory (FCT)' Can the coalition fly' What are its prospects' Can it overtake the discredited Peoples Democratic Party (PDP) and abort the dream of the crisis-ridden All Progressives Congress (APC) to retain federal power in next year's elections' In the opinion ofRead MoreThe post What manner of third force' appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
An alternative funding will not only make the police efficient, it will make officers rank among the best in the world, Inspector-General of Police (IGP) Ibrahim Idris believes. In his remarks on the theme: 'Community policing as a catalyst to crime prevention: the role of traditional rulers' at the Ninth General Assembly of the NationalRead MoreThe post How to make police effective, by IG Idris appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Hope Rising Homes Foundation, a non-governmental organisation (NGO), has donated a tricycle popularly called keke maruwa to a father of six, Mr. Peter Emmanuel. The Nation had reported that the Foundation had donated a two-bedroom, fully furnished accommodation in Ikola Ipaja, area of Lagos State to the family last year, with the headline, 'Foundation liftsRead MoreThe post Foundation donates tricycle to father of six appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The Army said it had arrested a native doctor, Tordue Gber (Tiv Swem), who allegedly acted as spiritual counselor to the wanted armed criminal militia, Akwazar Terwase (alias Gana), in Benue. A statement by Brig.-Gen Sani Usman, the Director of Army Public Relations, on Tuesday, said the suspect was picked up in Tor-Dunga town inRead MoreThe post Troops raid shrine in Benue, arrest chief priest appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
After hours of deliberation, Ijaw leaders rose from a meeting at the Kiagbodo country home of Chief Edwin Clark with a definite position on the raging call to restructure the country ' to support pro-restructuring candidate in next year's presidential election. They resolved that any candidate without sincere belief and genuine commitment to restructuring shouldRead MoreThe post 2019: Ijaw leaders threaten to reject anti-restructuring candidates appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Kwara State Governor Abdulfatah Ahmed has debunked claims that he is planning to return to the Peoples Democratic Party (PDP). A statement yesterday by his media aide, Muyideen Akorede, said the governor, Senate President Bukola Saraki and other political leaders in Kwara State have no reason to return to the PDP, or join any otherRead MoreThe post Ahmed: I'm not returning to PDP appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The Oyo State government has said its motive for reviewing the 1957 Declaration on Olubadan Chieftaincy Laws is to balance history and promote peace and hierarchy in chieftaincy institution. Though the State High Court recently declared the review as unconstitutional, the government, which has approached a higher court to upturn the judgment, said it remainedRead MoreThe post 'Ibadan chieftaincy law review for elevation of metropolis' appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Lagos State Governor Akinwunmi Ambode, his Ogun state counterpart Ibikunle Amosun and wife of Vice President, Mrs Dolapo Osinbajo yesterday led thousands of friends, family members, colleagues and well-wishers to pay last respect to the late Deji Tinubu who passed on last Thursday. At a well-attended lying-in-state and funeral service held at the Redeemed ChristianRead MoreThe post Tears, tributes as Deji Tinubu is buried appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The Transmission Company of Nigeria (TCN), recovered 500 containers of equipment for electricity transmission expansion on Monday, the Minister of Power Works and Housing, Babatunde Fashola, has said. He said the containers, which were left in the ports, were delivered to different transmission substations, and TCN sites where work is ongoing. Fashola, who spoke yesterdayRead MoreThe post TCN recovers 500 containers of transmission equipment appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The Senate will probe tradings in digital currency (cryptocurrency) and examine whether investments in it are viable. The Senate Committee on Banking and Other Financial Institutions will investigate the viability of bitcoin as a form of investment, come up with recommendations on how to control its uses and trade, Deputy Senate President Ike Ekweremadu saidRead MoreThe post Senate to investigate digital currency trading appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Global wealth grew significantly over the past two decades but per capita wealth declined or stagnated in more than two dozen countries in various income brackets, says a new World Bank report. Going beyond traditional measures, such as Gross Domestic Product (GDP), the report uses wealth to monitor countries'economic progress and sustainabi-lity. The Changing WealthRead MoreThe post Global wealth rises as inequality persists, says World Bank appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The Federal Government will be raising N300 billion from privatisation of public enterprises to fund part of the N2 trillion deficit in the 2018 budget, Renaissance Capital (RenCap), an investment and research firm said yesterday. In an emailed report to investors, Sub-Saharan Africa Economist at RenCap and co-Author of the Fastest Billion Yvonne Mhango, saidRead MoreThe post Fed Govt eyes N300b privatisation cash to fund budget appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Governor Akinwunmi Ambode has asked all workers in the state Public Service to provide good customer service to his citizens. The governor, represented by the Commissioner, Lagos State Ministry Of Establishments, Training, and Pensions, Dr Akintola Benson, spoke at the training organised by the ministry. Speaking on the topic, 'Creating and maintaining a customer-centri drivenRead MoreThe post Lagos trains workers on service delivery appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Nigerian equities have potential to sustain their rally and deliver average return of some 25 per cent in 2018 as improving macroeconomic performance will continue to impact positively on the capital market. Capital Bancorp Plc yesterday formally released a special 70-page report tagged 'Economic Review and Outlook For 2018', outlining an overall positive outlook forRead MoreThe post Capital Bancorp predicts 25% return for equities in 2018 appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Shareholders of Paints and Coatings Manufacturers Nigeria (PCMN) Plc are scheduled to meet and vote on sub-joined resolutions that will see the reversion of the company to a private limited liability company and the delisting of its shares from the Nigerian Stock Exchange (NSE). A Federal High Court has directed the company to convene aRead MoreThe post PCMN reverts to private status, delists from NSE appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
In the growth sector, small businesses are, particularly, success stories as they out-perform others. DANIEL ESSIET identifies promising business opportunities for entrepreneurs to explore. Nigeria is a land of opportunities. There are hundreds of profitable small businesses one can start with less than N500,000. They are: Mobile restaurantsand food kiosks Nigerians still patronise mobile foodRead MoreThe post Some investment windows in 2018 appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Two leading players in the Nigerian retail and hospitality industry, VEEDA Nigeria and EPOS Solutions, last weekend signed a partnership that would see both organisations working together to deliver superior inventory management solutions to large and small-sized companies in Nigeria. The VEEDA brand is famous for its range of smart POS, smart POS scale, ThermalRead MoreThe post VEEDA, EPOS Solutions partner to boost operations appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The maiden Business Barometer, Nigeria CEO Survey, by the global research and consultancy firm Oxford Business Group (OBG) and Deloitte Nigeria has been released. According to the report, the country is finally drawing a line under a challenging few years triggered by low global oil prices,with investor confidence on the rise. As part of itsRead MoreThe post Group, Deloitte Nigeria unveil survey on CEOs appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
No matter their grouse, the penchant of some Niger Delta activists to threaten violence, at the virtual drop of a hat, should worry everyone. This worrisome trend is again underscored by the umpteenth threat by a group that calls itself the Niger Delta Avengers (NDA), on behalf of a nebulous slew of 'freedom fighters', toRead MoreThe post Anarchists' manifesto' appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The controversy over plans to establish cattle colonies in the country continues to reverberate. In many states, the people are agitated over issues such as the name 'colony' and what it connotes, fears that it could lead to permanent settlement of Fulani herdsmen who would procreate so rapidly and overrun the original inhabitants. There areRead MoreThe post Cattle colonies appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
SIR: Last week, three ministers in the Muhammadu Buhari administration through their utterances and or actions helped to validate some of the observations pointed out by former President Olusegun Obasanjo in his recent open letter to the administration. They are Mansur Dan Ali (Defence), Malami (Justice), and Adebayo Shittu (Communications). Amidst the dust generated byRead MoreThe post PMB's ministers validate OBJ's letter appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Understandably, most reactions tend to analyse the messenger ' Olusegun Obasanjo (OBJ) at the expense of the content of his Tuesday January 23, essay entitled 'The Way Out: A Clarion Call for Coalition for Nigeria'. Having been on Nigeria's driving seat for decades with all of us as his passengers, we are all understandably somewhatRead MoreThe post Obasanjo and the third way appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
In the last couple of weeks, one of the issues that have caught national attention is the recent appointment of Ahmed Rufai Abubakar as Director General of the National Intelligence Agency (NIA). Prior to his recent appointment, Abubakar had worked in the presidency as senior Special Assistant to President Muhammadu Buhari on Foreign Affairs/International Relations.Read MoreThe post NIA: Much ado about appointment appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
It wasnt exactly like Felas immortal wahala sleep yanga go wake am. It was more like Hubris doing provocative struts in Arrogances liar. That was one wahala doing monkey business with another. It was fated to be explosive. So when Dino (you know who), with the rest of his ad hoc Senate committee on EconomicRead MoreThe post Hubris Vs arrogance appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Chief Victor Umeh was recently elected as senator by the people of Anambra Central District. Correspondent NWANOSIKE ONU writes on his thorny journey to the Upper chamber of the National Assembly. The journey to the Senate for the former National Chairman of the All progressives Grand Alliance (APGA), Chief Victor Umeh, was not easy. But,Read MoreThe post Umeh: My election is victory for APGA, Anambra appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
The Chairman of the Peoples Democratic Party (PDP) in Ogun State, Hon. Sikirulai Ogundele, is optimistic that the party will return to power next year. The former member of the House of Assembly spoke on the intra-party crisis in the chapter, its prospects and other partisan issues. Assistant Editor LEKE SALAUDEEN met him in Abeokuta,Read MoreThe post 'PDP will take over Ogun in 2019' appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Paul Odili is a former media aide to former Delta State Governor Emmanuel Uduaghan. In this interview with Southsouth Regional Editor SHOLA O'NEIL, he speaks on the prospects of the All Progressives Congress (APC) in next year's elections. Why did you leave the PDP for the APC' The PDP lost its way; we could notRead MoreThe post 'It is uncharitable to blame Buhari for our economic woes' appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Following the renewed threats by Niger Delta Avengers (NDA) to resume hostilities in the Niger Delta, the Chairman, Governing Board of Niger Delta Development Commission (NDDC), Senator Victor Ndoma-Egba (SAN), has appealed to the Niger Delta Avengers (NDA) to embrace peace. In a statement by Mrs Clara Braide, his Special Assistant (SA), Communications, Ndoma-Egba stressedRead MoreThe post Ndoma-Egba pleads for peace in Niger Delta appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Dickson Akinwumi is a former Private Secretary to the late Mrs. Hannah Dideolu Awolowo and the President of 'Concerned Ekiti Professionals for Good Governance.' In this interview with reporters in Ado- Ekiti, the Ekiti State capital, he speaks on the chances of the Peoples Democratic Party (PDP) at the governorship poll. Sunday Omoniyi was there.Read MoreThe post Akinwunmi: Fayose's deputy can succeed him appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
Kenyan opposition leader, Raila Odinga has today been sworn in as alternative president in front of thousands of supporters, three months after an election he claims was stolen from him. This was after the Kenyan police fired teargas to disperse thousands of opposition supporters of the Kenyan opposition leader, Raila Odinga gathered in Nairobi. TheRead MoreThe post Kenyan opposition leader Odinga takes 'oath of office' appeared first on The Nation Nigeria. 

Wed, 31 Jan 2018
President Muhammadu Buhari on Tuesday returned to Abuja after a successful outing at the 30th African Union Summit in Addis Ababa, Ethiopia, where he was conferred as the anti-corruption Champion. The theme of the 30th AU Summit was; 'Winning the Fight against Corruption: A Sustainable Path to Africa's Transformation.'' The President's aircraft landed at theRead MoreThe post Buhari returns to Abuja after AU Summit appeared first on The Nation Nigeria. 
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