NAIJA NEWSPAPERS: TODAY'S THE DAILY TRUST NEWSPAPER HEADLINES [2ND APRIL, 2017].


Below are the headlines found on The Daily Trust Online Newspaper for today,  Monday, 2nd April, 2017.

Mon, 02 Apr 2018
A total of N126 billion, over $1.5 billion and 5.5 million British Pounds was embezzled through the office of former National Security Adviser, Sambo Dasuki, the Federal Government revealed last night.
 A good number of these monies, which excluded the $2.1 billion military equipment scandal in the same office, were shared to top military brass, some former governors and ministers as well as companies without any formal contract awards, the government said.

 
Top on the list of beneficiaries are former Petroleum Resources Minister Dieziani Alison-Madukwe, two former Chiefs of Army Staff, Lt.-Gen. Kenneth Minimah and Lt.-Gen. Azubuike Ihejirika; former Chief of Defence Staff, Alex Badeh; former CG Customs Inde Dikko; Air Marshal Adesola Amosun; Senator Bala Abdulkadir, former FCT Minister: N5 billion. Interim
forfeiture order on some property secured; Senator Stella Oduah; former Niger State Governor Babangida Aliyu; Senator Jonah Jang, former Plateau State Governor and  Bashir Yuguda, former Minister of State for Finance.
Others are  Rasheed Ladoja, former Oyo Governor; Tom Ikimi; Femi Fani-Kayode and Nenadi Usman both former ministers; a former pamanent secretary, Godknows Igali; Senator Peter Nwaboshi;  Aliyu Usman and Ahmad Idris both  former NSA Dasuki’s  aides; Hassan Tukur, former PPS to President Goodluck Jonathan; Benedicta Iroha and Aliyu Usman Jawaz: Close ally of former NSA Dasuki.
Minister of Information, Alhaji Lai Mohammed released the list and the funds they allegedly collected. 
The minister on Friday released  a list containing  six names which he said was based on verifiable facts, including the amount involved, the date the amount in question was collected and from where it was taken.
The minister in a statement issued in Lagos on Sunday, said the earlier list was strategically released as a teaser and that was why the number of looters on it was short. 

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He said that PDP’s reaction to the looters’ list has shown that its recent apology is an election-induced act, contrived to deceive unsuspecting Nigerians to vote for the party in the 2019
general election, even when it has not come clean on its looting spree during its time in office.
The minister said the Federal Government had a large number of alleged looters on its list adding that the earlier list was a tip of the iceberg.  
“Apparently, this does not mean anything to people whose style is to comment on issues they barely understand, or just to shoot down anything coming from the government’’.
Alhaji Mohammed slammed the PDP for daring to challenge the Federal Government over “an issue that the party knows is its weakness: Looting of public treasury.  
“What was the PDP expecting when it challenged the FG to name the looters of the public treasury under the party’s watch? 
“Did the PDP actually believe that the massive looting under its watch was a joke? Did they think it is April Fool?’’ he queried.
Alhaji Mohammed said the party should have owned up to its mistakes and followed the footsteps of one of its former leaders, Senator Ibrahim Mantu, who owned up to his role in the party’s rigging in the past elections adding that the party was hysterical and panicking which shows it is not sincere about its apology. 

Mon, 02 Apr 2018
If states decide to clear their total debt stock using their entire internally generated revenues (IGR), it may take them more than seven years to achieve that.
Data sourced from the National Bureau of Statistics (NBS) showed that as at the end of 2017, states’ total debt stock stood at N7.33 trillion while total IGR stood at N931.23 billion.

 
Analysis shows that the entire revenue generated internally by the 36 states in the country in 2017 was 12.69 per cent of their total debt stock as at the end of 2017.
All things being equal, states will require about eight years to settle the debts using about N916 billion yearly from their IGR.
However, given that only few states can survive with only their IGR, allocations from the Federal Government can only reduce the debt payment duration to three years assuming the states want to spend all their IGR and FACC allocations to off-set their loans.

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In 2017, the 36 states of the federation got N1.74 trillion from the federation account and this, in addition to their IGR, brought their total revenue to N2.67 trillion, which only amounted to 36 per cent of their total debt stock as at the end of the year under review.
The states’ total debt stock of N7.33 trillion at the end of the year was N4.66 trillion higher than their total revenues in the same year.
Analysis showed that all things been equal, states would require three years to clear their total debt stock using all revenues from IGR and FACC allocations.
The total debt stock comprised of external debts and domestic debts while the total revenue included revenues from net FACC allocations, and Internally Generated Revenue (IGR).
A breakdown of the N7.33 trillion debt stock of the states indicated that their external debts amounted to N1.47 trillion (N4.08 trillion) while domestic debts stood at N3.25 trillion at the end of 2017.
A breakdown of the N2.67 trillion total revenue of the states in 2017 showed that they got N1.74 trillion from FACC allocations and generated N931.23 billion internally. 

Mon, 02 Apr 2018
After months of speculations and silence, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, on Saturday, declared interest to once again seek for the Ekiti State governorship in the election scheduled to hold in July.
Fayemi said the state government’s “controversial” White Paper designed by the Governor Ayo Fayose-led PDP would not stop him from contesting the governorship.

 
Fayemi who was in office between October  2010 and October 2014, told journalists at his Ishan Ekiti country home that he would follow due process, starting with a formal notification of his intention to the leadership of the APC and the state secretariat of the party.
He said, “Yes, I will run for the governorship of our state. As a leader of the party, I am going to follow due process as laid down by our party and the Independent National Electoral Commission (INEC). This includes formal notification of the leadership of the party, presentation of letter of intent at the state secretariat and a public declaration.”
Fayemi further said he was aware of various speculations about whether he would run for the governorship or not. He, however, said with the last week release of guidelines and timetable for the July election, the right time for him to make a formal declaration and join the race had come.

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INEC had scheduled April 15, for the commencement of electioneering process for the July election.
Earlier, the minister addressed a crowd of party leaders from all the 177 wards of the state during the APC leaders’ meeting held in Ishan Ekiti, where he urged them to be united in the battle to unseat the incumbent PDP-led government.
State Chairman of the party, High Chief Jide Awe, Deputy Chairman, Chief (Mrs.) Kemi Olaleye, and state Secretary, Barrister Paul Omotosho, led other state, local government and ward executives, as well as elders of the party at the quarterly meeting.
He said the huge number of aspirants jostling for the APC ticket was a good development for the party, but urged all the aspirants and their supporters to pursue their ambitions in a decent manner, emphasising their credentials and plans to lift the state from its present state.

Mon, 02 Apr 2018
Nigerias Chairman of the Senate Committee on Local and Foreign Debts, Senator Shehu Sani has reacted to Peoples Democratic Party's plea for forgiveness. 

Mon, 02 Apr 2018
Vice President Yemi Osinbajo has expressed confidence that Nigeria is on the path of resurrection and progress. 

Mon, 02 Apr 2018
After months of speculation and silence, the Minister of Mines and Steel Development, Dr kayode Fayemi, on Sunday declared interest to return as governor of Ekiti Ekiti state in the July governorship election. 

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Mon, 02 Apr 2018
Former Ekiti state governor and current Minister of Mines and Steel Development, Dr Kayode Fayemi on Sunday says he will contest the July 14 gubernatorial election coming up soon in the state under the APC. 

Mon, 02 Apr 2018
The Police Command in Kebbi State has confirmed the release of the Chief Imam of Senchi in Danko/Wasagu Local Government Area of the state, Alhaji Mode Senchi. 

Mon, 02 Apr 2018
The Ekiti State government said it has so far demolished over 300 houses in Ado, Ikere, Efon Alaaye, Omuo, Ise, Emure and Ijero in continuation of its urban renewal programme. 

Mon, 02 Apr 2018
The Lagos police command has arraigned in court a middle-aged man it alleged has been posing as a university lecturer. 

Mon, 02 Apr 2018
The Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has described the former governor of the state and National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, as the founder of modern Lagos, which he said has made the state a role model for others to emulate. 

Mon, 02 Apr 2018
The Lagos State government yesterday resolved to change the face of public transportation by providing standard facilities for residents of the state who use public transportation daily. 

Mon, 02 Apr 2018
The Abuja Environmental Protection Board (AEPB) says it is putting measures in place to check the increasing theft of metal covers of manholes in the Federal Capital Territory (FCT). 

Mon, 02 Apr 2018
The distance between the stream which is the only source of water supply for the dwellers of Ganawuri community in Riyon Local Government Area of Plateau state is about one hour to and fro, and the villagers, particularly the housewives and children must go there to fetch water at least three times every morning before they could get water to drink, bath and do necessary washing at home. 

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Mon, 02 Apr 2018
A financial expert, Miss Emem Udoh, has cautioned Nigerians who are crazy about miracle money to be wary and instead go for credible investments which come with peace of mind. 

Mon, 02 Apr 2018
If states decide to clear their total debt stock using their entire internally generated revenues (IGR), it may take them more than seven years to achieve that. 

Mon, 02 Apr 2018
The Central Bank of Nigeria (CBN) has spent $3,328,190,000 in forex interventions in the various segments of the interbank market in the first quarter of 2018. 

Mon, 02 Apr 2018
All things being equal, many tax offenders will face sanctions or assets forfeiture as the deadline on the Voluntary Assets and Income Declaration Scheme (VAIDS) expired over the weekend. 

Mon, 02 Apr 2018
The Presidential Fertilizer Initiative (PFI) has planned to produce one million metric tons of NPK in 2018, the president of Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN), Mr. 

Mon, 02 Apr 2018
From a struggling position barely four years ago, the United Bank for Africa subsidiaries have raised their contributions in the groups overall performance for the year 2017. 

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Mon, 02 Apr 2018
Canon Inc on Friday announced that the Companys interchangeable-lens digital cameras (digital SLR and compact-system cameras) have maintained the No. 

Mon, 02 Apr 2018
The global perception of last weeks discovery of Facebooks scandal involving the UK Company Cambridge Analytica, is shaping up to herald the beginning of the end of Facebook. 

Mon, 02 Apr 2018
Pierre-Emerick Aubameyangs late double set Arsenal on course for victory over relegation-threatened Stoke at Emirates Stadium. 

Mon, 02 Apr 2018
Swedens Pernilla Lindberg takes a three-shot lead into the final round of the first womens major of the year, with Englands Jodi Ewart Shadoff and Charley Hull both in contention. 

Mon, 02 Apr 2018
Dutchman Niki Terpstra claimed victory in the Tour of Flanders in Belgium after successfully launching an attack late on in the 264. 

Mon, 02 Apr 2018
England U-21 international of Nigerian descent Ademola Lookman could return to his native London in the summer transfer window, as per reports. 

Mon, 02 Apr 2018
The Nigerian Wrestling Federation (NWF) has picked 12 athletes and five officials that will represent the country at the 2018 Commonwealth Games in Gold Coast, Australia. 

Mon, 02 Apr 2018
Andre Agassi says he and Novak Djokovic agreed to disagree too often and he has left the former world number ones coaching team. 
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