NIGERIA NEWSPAPERS: TODAY'S THE NATION NEWSPAPER HEADLINES [14 MAY, 2018].


Below are the headlines found on The Nation Online Newspaper for today, Monday 14 May, 2018.

Mon, 14 May 2018
President Muhammadu Buhari’s anti-corruption drive moved a notch higher yesterday. Nigeria and the United Arab Emirates (UAE)’s agreement on recovery of assets and cash stashed away in UAE by Nigerians takes off next month.

Besides, the collaboration among heads of anti-corruption agencies in Commonwealth (Africa) countries will be stepped up as Nigeria hosts the 8th annual general meeting and conference for heads of anti-corruption agencies in Commonwealth Africa from today in Abuja.

Buhari is expected to open the conference, with the theme: “Partnering towards assets recovery and return”.

Yesterday in Abu Dhabi, officials of the UAE and Nigeria exchanged instruments of ratification on judicial agreements signed between both governments in 2016.


 
With yesterday’s exchange of instruments, the agreement will now take effect from June 13.

According to WAM Emirates news agency, the UAE and Nigeria signed the agreement regarding the apprehension of criminals, extraditing convicted persons, providing mutual legal assistance in criminal matters, as well as for legal and judicial cooperation in civil and commercial matters.

The ceremony for exchanging the instruments of ratification took place between Ahmed Abdul Rahman Al Jarman, Assistant Minister for Human Rights and International Law at the UAE Ministry of Foreign Affairs and International Cooperation, and Nigeria’s Ambassador to UAE Mohammed Dansanta Rimi, at the headquarters of the UAE Ministry of Foreign Affairs and International Cooperation.

The UAE’s Director of the International Cooperation Department at the Ministry of Justice, Abdul Rahman Murad Al Balushi, witnessed the ceremony during which the June 13 take-off date was confirmed.

Nigeria on January 19, 2016, signed six agreements with the UAE following a state visit by President Muhammadu Buhari.

The pact includes Judicial Agreements on Extradition, Transfer of Sentenced Persons, Mutual Legal Assistance on Criminal Matters, and Mutual Legal Assistance on Criminal and Commercial Matters (the recovery and repatriation of stolen wealth). 

Mon, 14 May 2018
The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations.

The new rule, signed by CBN Director, Financial Policy and Regulations, Kelvin Amugo, requires that where the Board of a financial institution, a director or officer responsible for ensuring anti-money laundering compliance with any relevant provision of these regulations has been penalised in three consecutive examination cycles and the breach continues, the CBN may suspend or remove the Board, director, or officer of that institution.

The framework released at the weekend also spelt out dissuasive monetary sanctions against Banks and Other Financial Institutions as well as their staff and Boards that fail to comply with the set rules.


 
The new rule, the CBN said, is in line with the requirements of the Financial Action Task Force (FATF) Recommendations 35 on effective, proportionate and dissuasive sanctions and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) 2007 Mutual Evaluation recommendation that Nigeria’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) sanctions regime should be reviewed and made to be proportionate and dissuasive.

The administrative sanctions regime has been gazetted to give it legal effect and ensure compliance with FATF and GIABA requirements. The gazetted regulation was signed by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami.

The action also aligns with the powers conferred on OAGF by Section 23 (2) (e) of the Money Laundering (Prohibition) and are made  in  furtherance  of  the  Money Laundering (Prohibition) Act, 2011 (as amended) and Central Bank of Nigeria (Anti-Money Laundering and Combating the Financing of Terrorism for Banks and Other Financial Institutions in Nigeria) Regulations, 2013.

Amugo said the sanctions given to any bank that violates anti-money laundering regulations will depend on how quickly, efficiently and effectively the financial institution or person  concerned  in  its management  brought  the  contravention  to  the attention of the CBN or any other relevant regulatory authority to the crime.

It will also depend on the degree of co-operation with CBN examiners or other supervisory agency during the examination;  any  remedial  step  taken  when  the  contravention  was  identified, including  disciplinary  action taken against the staff involved, where appropriate, addressing any systemic failure and taking action designed to ensure that similar problem do not arise in the future and the likelihood that the same type of contravention will reoccur where no administrative sanction is imposed  and whether the contravention was admitted or denied.

Mon, 14 May 2018
OYO State All Progressives Congress (APC) Chairman Chief Akin Oke yesterday dismissed the claims that parallel local government congresses were organised in the state.

According to him, the party followed the APC national secretariat’s guidelines in organising the exercise.

Oke insisted that any election conducted without the party’s guidelines “is unknown to the party”.


 
He said: “The constitution of our party is clear. There cannot be any parallel congress. As far as the National leadership is concerned, party congress is an internal affair of the party. The executive (of the party at state level) was directed to conduct the congress.

“So, congresses are only organised by the party. So, if anyone goes against the guidelines of the constitution of the constitution, it is not recognised.

“The dissidents felt we never bought form for the election, they forgot that materials for the congresses were delivered to the party. So, as far as I’m concerned, there is no parallel congress. Going to organise the so-called parallel congresses is unconstitutional. The congress committee is here and it will turn in its report after the exercise.”

Governor Abiola Ajimobi, however, congratulated winners in the state’s local government election and the LG congresses, urging them to be magnanimous in victory.

The governor conveyed his message through a statement by his Special Adviser on Communication and Strategy, Mr. Bolaji Tunji, after the release of the results of the LG election by the Oyo State Independent Electoral Commission yesterday.

Similarly, Ajimobi said that he was thrilled by the peaceful and orderly conduct of the rescheduled local government congress of the APC, which was held across the 33 LG headquarters.
 
He called on losers in both contests to eschew violence and to be gallant in defeat, in the realisation that in every contest, including elections, there would always be winners and losers.

Mon, 14 May 2018
The Peoples Democratic Party (PDP) in Ekiti State has accused the Minister of Mines and Steel Development, Dr. Kayode Fayemi of rigging the All Progressives Congress (APC) governorship primary held last Saturday.The party warned Fayemi and APC against contemplating rigging the July 14 governorship poll, saying Ekiti people must be vigilant to prevent their votes from being stolen.Ekiti PDP Publicity Secretary, Mr. Jackson Adebayo, in a statement yesterday warned that any attempt to rig the gover 

Mon, 14 May 2018
Confronted by grave national challenges, our leaders easily rationalize them on some external factors. They either refer to how long it took developed countries to be where they are or hide under such nebulous excuses as we are still in the learning process.Ironically, nobody is prepared to attach a time frame to this process of learning. The reluctance to take responsibility manifests more in cases of dissonance between our behaviors and the systems in place to propel the country to modernity.T 

Mon, 14 May 2018
Not many are thinking of Karl Max today. But 200 years after his birth, he is thinking about us. He is in our rooms at night when power is out. In our work place when the salary is not paid. In our sick bed when we cannot afford to fly to London for check-up or treatment.While writers Kayode Komolafe and Isa Aremu glow over the revolutionary thinker, many are aching and in anguish. Yet faraway from our noses is the man who diagnosed our civilisation many years ago. Shall we show a little gratitu 


Mon, 14 May 2018
Firm gives police details on absconded worker We assure Nigerians of quality products Emzor Pharmaceutical Industries Limited has been reopened by the National Agency for Food and Drug Administration and Control (NAFDAC).The firm also stated that it had submitted to the police information about its absconded worker that was featured in the British Broadcasting Corporation (BBC) documentary, Sweet sweet codeine.The firms Group Managing Director and Chief Executive Officer (CEO), Dr. Stella Okol 

Mon, 14 May 2018
An Open Day, being organised by the Ministry of Budget & National Planning will tomorrow drop the curtain on the first phase of the Economic Recovery and Growth Plan (ERGP) Focus Labs. The ERGP is designed to restore the economy after the exit from a painful recession. But, like several other policy documents before it, the implementation of the ERGP blueprint will decide its fate, writes COLLINS NWEZE.MORE than one year after the Federal Government unfolded its Economic Recovery and Growth 

Mon, 14 May 2018
Ogun State Governor Ibikunle Amosun will distribute certificates of occupancy and other title documents to another batch of beneficiaries under the Homeowners Charter Programme.Director-General, Bureau of Lands and Survey, Mr. Biyi Ismail said the beneficiaries would collect their documents from Friday, May 18, about 9 am, at the Arcade Ground, Governors Office, Oke-Mosan, Abeokuta.He urged contacted beneficiaries to bring valid identification and photocopies of same.They are expected to be at t 

Mon, 14 May 2018
THE Nigerian Civil Aviation Authority (NCAA) has suspended the Air Operators Certificate (AOC) of First Nation Airways indefinitely, its spokesman Sam Adurogboye said yesterday.According to the NCAA , the suspension was conveyed to the airline via a letter with reference dated May 11, signed by the NCAA Director General.The letter titled: Notice of suspension of air operators certificate , was delivered to the airline on Friday and First Nation Airways has acknowledged receipt.The suspension, th 

Mon, 14 May 2018
The Nigeria Customs Service Board (NCSB) has confirmed the appointments of four members of NCS management and approved the promotion of 1,997 senior officers to various ranks.The boards first meeting presided over by its chairman, Minister of Finance Mrs. Kemi Adeosun, approved the new ranks.The yardsticks for the promotion are: cumulative scores of annual evaluation, written examination, oral interview, seniority and availability of vacancies.The promotion is effective from January, 1 2017, acc 

Mon, 14 May 2018
After collecting N.5m ransom Kidnap kingpin, others arrested SUSPECTED kidnappers, at the weekend in Okurekpo, Ethiope East Local Government of Delta State, allegedly killed a former councillor, Onoakpoma Onose.The abductors shot dead the victim after collecting N500,000 ransom from his family.The kidnappers leader, Mr. Omote Eboh and others have been arrested and are in police custody. Two others are on the run.The Nation learnt the body had been recovered by the Anti-Kidnapping Unit of the p 

Mon, 14 May 2018
Lagos State Governor Akinwunmi Ambode made history when he delivered the Convocation Lecture of the University of Lagos (UNILAG) on May 8. His words: True, I stand before you as the first UNILAG graduate to become Governor of Lagos. I am humbled by this distinction and elated to be the first to walk this path. The title of his lecture was Inclusion: Path to a new nation.He told the 2017 graduands: In 1984, I attended a convocation much like todays. On that day, I sat where you, now sit. I was an 

Mon, 14 May 2018
The two factions of the All Progressive Congress (APC) in Oyo State held parallel congresses across the state yesterday. While Governor Biola Ajimobis supporters held their congresses at the headquarters of local government councils, the Unity Forum held their congresses at the secretariats of the party in the council areas.The two factions have been flexing muscles since last week over the conduct of ward congresses.Officials of the Independent National Electoral Commission (INEC) observed the 

Mon, 14 May 2018
Former Ekiti State Deputy Governor Sikiru Lawal yesterday emerged as the flag bearer of the Labour Party (LP) for the July 14 governorship poll.Lawal was adopted by affirmation at the state congress of the party held in Ado-Ekiti, the state capital.He promised to transform Ekiti through a four-point agenda agenda: AWEH, which incorporates Agriculture, Wealth Creation, Education and Health Services.Lawal promised to empower the youths by conceding 30 per cent of political appointments to them to 

Mon, 14 May 2018
The African Democratic Congress (ADC) in Ekiti State yesterday elected Mr. Ayodele David-Adesua as its governorship candidate for the July 14 election.David-Adesua was affirmed as the flag bearer by delegates at the state congress held in Ado-Ekiti, the state capital.The candidate described the ADC as a better alternative to the Peoples, Democratic Party (PDP) government which, he said, has unleashed hunger and poverty on the people.David-Adesua said the partys popularity has soared since it has 

Mon, 14 May 2018
Two scholars-Prof. Kolapo Olusola and Dr. Kayode Fayemi- are the major governorship candidates for the July 14 election in Ekiti State. Who succeeds Governor Ayodele Fayose between the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) flag bearers' Group Political Editor EMMANUEL OLADESU examines the preparations for the poll.The die is cast between Prof. Kolapo Olusola Eleka, Ekiti State deputy governor and Peoples Democratic Party (PDP) governorship candidate, and Dr. 

Mon, 14 May 2018
The Minister of Communications, Barrister Adebayo Shittu at the weekend alleged that the National Congress Committee of the All Progressives Congress (APC) under the Chairmanship of Musa Halilu-Ahmed, that conducted the ward congress in Oyo state was compromised .The state APC is divided among two groups ; the Lamists and the Senaco .Shittu who belonged to the Unity Forum of the state APC wondered how the Musa Halilu -Ahmed led Congress Committee refused to collect forms from the candidates who 

Mon, 14 May 2018
The candidates of the ruling All Progressive Congress have been declared the winners of the 610 wards, 33 local governments and 35 local council development areas elections held last Saturday in the state.The announcement of the results which started at about 2pm Sunday did not end with the final local government was announced at about 8: 10 pm.Baring last minute changes, the newly elected council chairmen and councillors will be sworn in on Monday at the House of Chiefs, Parliamentary Building, 

Mon, 14 May 2018
Ekiti State All Progressives Congress (APC), Dr Kayode Fayemi, on Sunday began reconciliatory moves with his co-contestants barely 24 hours after he emerged the partys flag bearer for the July 14 governorship election.Fayemi, who on Saturday was declared winner of the APC primary having polled a total 941 votes, visited no fewer than 15 of the aspirants in their respective homes on Sunday.The candidate, who was accompanied by APC Ekiti State Chairman, Chief Jide Awe, and some chieftains of the p 

Mon, 14 May 2018
The ruling All Progressives Congress (APC) has won 15 out of the 19 local government councils results so far released in the Saturday local government elections announced at the various local government headquarters in Kaduna State.There are 23 local government areas in the state, but election did not hold in Kaura and Jaba local government areas, as the polls in the two councils were postponed till later date.According to the results announced by the returning officers, APC won in Kaduna North, 

Mon, 14 May 2018
Sells state as film, tourism destinationSave for a midday sower that sets Cannes and neighboring town freezing on Sunday, film enthusiasts and tourists at the ongoing Cannes International Film Festival, South of France, have enjoyed the feel of summer. A delegation from Lagos State, consisting celebrities, tourism officials and Journalists are among them.Of the plethora of activities at the international event, Nigeria is not lost in the crowd, as Lagos State hoists the nations flag at Pavilion 

Mon, 14 May 2018
Nollywood actress, Lupita Nyongo who was in Lagos for the proposed film adaptation of Chimamanda Ngozi Adichies Americanah, and British-Nigerian actor, John Boyegas N9billion film project to be shot in Lagos, are some of the events that made the cover of Cinema in Lagos, as the colourful magazine does more for the destination marketing of Lagos with these two African international actors.Edited by Olumide Iyanda who, in his Editors Note, quoted Ambode as saying that activities within the tourism 

Mon, 14 May 2018
It was a sad one for the global film community, with the passing, few weeks to this years Cannes, of renowned historian and director, Pierre Rissient who died at the age of 81. Thus, a tribute to the veteran formed part of the opening day of the 71st Festival de Cannes, on Tuesday, May 8, 2018.For more than fifty years, Pierre was one of the most important members of the Cannes community and of the Festival, putting all of his creative energy into helping it show films from distant countries.Thi 

Mon, 14 May 2018
As Nollywood and Lagos documentary screensFor most foreigners who have heard about the exploit of Nollywood as the second largest producer of home video in the world, it was an opportunity to know how the film industry evolved from the pre-colonial era to what today, has become the leading motion picture industry in Africa.A documentary produced by Golden Effects for the Lagos Tourism tells it all in six minutes, to visitors at the Lagos State Pavilion, at the ongoing Cannes Film Festival.Tagged 

Mon, 14 May 2018
Wema Bank Plc is taking some of its customers to Russia next month as part of its promo. The promo, which will reward a selected number of customers who have saved at least N100,000 in their Wema Savings or ALAT Accounts over 30 days with a trip to Russia, coincides with the FIFA World Cup season.We are rewarding our customers who operate Savings Accounts and have saved N100,000 or more for at least 30 days, with a trip to Russia, said Dotun Ifebogun, Head Retail and SME Banking at Wema Bank.Thi 

Mon, 14 May 2018
Shareholders of Wema Bank Plc will soon begin to reap benefit of the banks turnaround as the first generation bank continues to improve its profitability.Addressing shareholders at the Annual General Meeting of the bank in Lagos, its Managing Director, Mr Olusegun Oloketuyi, said the bank has entered the final stage of the restructuring process that started in 2009 and would soon be in a position to pay dividends to shareholders.He noted that the bank had witnessed a remarkable turnaround over t 

Mon, 14 May 2018
Unity Bank Plc has rewarded three youths through its UNiFi product, the banks new Youth and Digital Banking initiative. The bank said the recipients referred to as Unifiers demonstrated innovativeness and distinguished themselves during an online competition.The winners are Tolulope Falope Builders category, Mobolaji Oriola Humanitarian category and Albert Kure Lantern Category.The initiative was conceived as part of the banks Corporate Social Responsibility (CSR) to empower youths who had 

Mon, 14 May 2018
If the gains of the Presidential Fertiliser Initiative (PFI) are sustained, Nigeria may export fertiliser in the next two years, Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) Chairman, Mr Thomas Etuh has said.He said already, the country is selling the important agro input to some Nigerias neighbours, such as Benin Republic, Chad, Cameroon and Niger Republic, a development, he says, will help restore the countrys position as the food basket of the West African sub-region.The 

Mon, 14 May 2018
World Bank has faulted an estimated 36 per cent of the very poor, or 50 million people, that escaped extreme poverty because of social safety nets.The global lender said despite the increased adoption of safety net programmes by countries in recent years, global coverage of poor and vulnerable people remains inadequate. About 2.5 billion people worldwide are covered by a social safety net, of which 650 million are in the poorest 20 percent.However, only one out of five persons living in a low-in 

Mon, 14 May 2018
Kia Motors Nigeria has partner with Access Bank to provide affordable and flexible auto finance options for car lovers.Tagged Drive Your Dream, Pay at Your Pace, the finance scheme is premised on a hassle-free car ownership offer with as low as 10 per cent equity contribution, free insurance, attractive interest rates, and flexible loan tenure of 48 months to make owning brand new Kia vehicles easy and convenient.More often than not, customers are presented with a wide range of options for finan 

Mon, 14 May 2018
Coscharis Motors, distributor of Ford vehicles in Nigeria, has unveiled the new Ford Escape Sport Utility Vehicle (SUV) at the ongoing Lagos International Motor Show in Victoria Island.Visitors to the stand also had the opportunity to view the Ford Ranger pick-up truck, and the stylish Ford Edge and Ford Explorer SUVs. Ford is the second largest SUV brand in the world, and every model is backed by the global automakers SUV expertise, and robust 50-year heritage in the segment.Coscharis Motors Ge 

Mon, 14 May 2018
Organisations and institutions that failed to adopt governance, risk management and compliance (GRC) will find it difficult to grow and expand, an expert has said.Infotech Risks Security Limited, Managing Director Salman Akorede, who spoke at a briefing in Lagos to announce the forthcoming workshop on Open Compliance and Ethics Group (OCEG), GRC, said the forum was designed to position organisations and individual profesionals for global competitiveness.He said OCEG is a global, non-profit think 

Mon, 14 May 2018
THE African Insurance Organisation (AIO) has suspended Prestige Assurance Plc, Standard Alliance Plc and Industrial and General Insurance (IGI) for failing to pay subscription fees for more than three years.This was announced during AIO report of the executive committee to the 45th Annual General Assembly held in Accra, Ghana. The body said other companies suspended from Nigeria were Cosmic Insurance brokers and National Cooperatives Insurance.Companies suspended from Ghana are: Donewell insuran 

Mon, 14 May 2018
Without doubt, the rate of traffic law enforcement in Nigeria is very low. Another disturbing trend is the wrong form of enforcement.Sometime ago, I boarded a taxi in Abuja and as we proceded, a man suddenly passed and crossed the taxi with his car and ordered the driver to come out. Like a film, I was watching the scene. I knew quite right that it cannot be an armed robbery case with the level of security in that part of Abuja.The man then drew my attention to the plate number at the back of th 

Mon, 14 May 2018
This is a wake-up call to all stakeholders in the electoral process to take their role more seriouslyIN the build-up to the 2019 general elections, the onus is on all Nigerians to constantly and critically review preparations by the Independent National Electoral Commission (INEC) and other agencies and institutions involved in the electoral process. Activities at the grassroots level have come under scrutiny of recent.In most states, local government elections are either avoided, contrary to th 

Mon, 14 May 2018
That is the story of spending billions on product importation instead of doing local refiningTHE Central Bank of Nigeria (CBN) just released figures that state hardly shocking or surprising that importation of refined petroleum products has been a terrible drain on the public purse.Speaking before the House of Representatives Ad-hoc Committee on Turn-Around Maintenance (TAM), Ganiyu Amao, CBNs director of research, said between 2013 and 2017 five years Nigeria spent US$ 119.409 billion on sun 
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