NIGERIA NEWSPAPERS: TODAY’S PUNCH NEWSPAPER HEADLINES [27 AUGUST, 2018].

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Wike locks horns with EFCC over fresh probe into Rivers finances
Mon, 27 Aug 2018

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The Economic and Financial Crimes Commission is investigating the Rivers State Government for alleged cash withdrawals totalling N117bn.

The PUNCH gathered on Sunday that the withdrawals from the account of the state government were made in the last three years.

A top official of the commission, who confided in The PUNCH on Sunday, said the “curious”withdrawals violated the Money Laundering (Prohibition) Act.

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He stated, “In all, we are investigating cash withdrawals totaling N117bn from the Rivers State accounts in the last three years. The manner the money was withdrawn was suspicious.”

The EFCC source, who cited some of the withdrawals, which he said were curious, said 45 different cheques were issued in the name of one person on June 8, 2015.

According to him, a total of N450m were withdrawn from the state government account in the Zenith Bank that day.

He also gave an example of total withdrawal of N500m on June 9, 2015 through 50 different cheques.

The PUNCH learnt that the commission was on the trail of four different suspects over the suspicious withdrawals from the Zenith Bank by the Rivers State Government.

It was gathered that the EFCC would this week invite the Director of Finance and Administration in the Rivers State Government House, Similari Fubura, for interrogation over the withdrawals.

The EFCC source said some senior members of staff of the Zenith Bank were invited by the commission last week, but he could not confirm the exact date of the invitation and whether they had honoured it.

The Head, Corporate Communications of Zenith Bank, Mr Victor Adoji, could not be reached for comments.

Calls sent to his mobile number did not go through while a text message sent to him had yet to be responded to as of 8.30pm.

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We wont step down for Ortom, 12 PDP aspirants insist
Mon, 27 Aug 2018
John Charles Makurdi A Peoples Democratic Party governorship aspirant in Benue State, Dr Tivlumun Nyitse, has revealed what transpired during a meeting between incumbent Governor Samuel Ortom and other governorship aspirants on the PDP platform. Nyitse said nine out of the 12 members of Benue State PDP who are hoping to become the states governor []
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Another Cross River lawmaker dies
Mon, 27 Aug 2018
Mudiaga Affe, Calabar Barely three months after the death of a serving member of the Cross River State House of Assembly, Mr Stephen Ukpukpen, another member representing the Ikom II Constituency in the House, Mr Simon Nkoro, has died. Nkoro was said to have given up the ghost on Sunday at the University of Calabar []
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New Ibadan monarchs absent at Olubadans birthday reception
Mon, 27 Aug 2018
Olufemi Atoyebi, Ibadan Members of the Olubadan-in-Council who were elevated to the positions of kings by the Oyo State Governor, Abiola Ajimobi, were absent at the final event of the 90th birthday celebration of the Olubadan of Ibadanland, Oba Saliu Adetunji, which was held at the University of Ibadan International Conference Centre on Sunday. Among []
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Lagos opens Third Mainland Bridge after maintenance test
Mon, 27 Aug 2018
Sesan Olufowobi The Lagos State Government said on Sunday that the Third Mainland Bridge which was temporarily closed for Investigative Maintenance Test had been reopened. The government said the bridge was reopened around 5pm after the test by officials of the Federal Government was concluded. The state government, in a statement by the Permanent Secretary, []
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Establishing grazing reserves should be private-sector led Gambari
Mon, 27 Aug 2018
Etim Ekpimah, Uyo A former ambassador and permanent representative of Nigeria to the United Nations, Prof. Ibrahim Gambari, has said private sector investment in grazing reserves will end farmers/herdsmen clashes in the country. Gambari, who expressed his views in a public lecture in the University of Uyo titled, Violent conflicts, conflict resolution and peace-building: Global []
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Magu slams SAN for receiving N1.7bn legal fee
Mon, 27 Aug 2018
Eniola Akinkuotu, Abuja The acting Chairman of the Economic Financial Crimes Commission, Mr Ibrahim Magu, says some Senior Advocates of Nigeria have been frustrating the anti-corruption war by knowingly supplying the technical know-how and helping in the dispersal of the proceeds of crime. Without mentioning any specific names, Magu said a particular senior advocate received []
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Buhari says rule of law must be subject to national interest
Mon, 27 Aug 2018
Olalekan Adetayo, Abuja President Muhammadu Buhari on Sunday said the principle of rule of law must be subject to the supremacy of the nations security and national interest. He said where national security and public interest were being threatened, the individual rights of those allegedly responsible must take the second place. Buhari said these in []
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Arms Seizure: APC urges Nigerians to resist desperate politicians
Mon, 27 Aug 2018
John Alechenu, Abuja The All Progressives Congress has appealed to Nigerians to rise up and resist attempts by desperate politicians and political parties to get to power through the use of illegal, undemocratic and sinister means, including violence to manipulate elections. It said the call became necessary in the light of the recent seizure of []
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Fraudsters using my name to dupe citizens, says Akeredolu
Mon, 27 Aug 2018
Peter Dada, Akure The Ondo State Governor, Mr Rotimi Akeredolu, has cried out over the activities of some fraudsters who allegedly used his name to defraud the people through some social media platforms. The governor explained that the suspected fraudsters allegedly created a fake facebook account which bore his name and pictures and asked youths []
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Impeachment: APC dares Saraki to reconvene Senate
Mon, 27 Aug 2018
John Alechenu and Olusola Fabiyi The All Progressives Congress has dared the Senate President, Bukola Saraki, to reconvene the Senate if indeed he was not perturbed about moves to impeach him. The APC spoke through its acting National Publicity Secretary, Mr Yekini Nabena, said the partys position was its response to Sarakis declaration that he []
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Buhari congratulates Nyako, David-West
Mon, 27 Aug 2018
Olalekan Adetayo, Abuja President Muhammadu Buhari on Sunday congratulated a former Adamawa State Governor, Murtala Nyako, on his 75th birthday. He also congratulated a former Minister of Petroleum and Energy, Prof Tam David-West, on his 82nd birthday. In separate statements by his Special Adviser on Media and Publicity, Mr Femi Adesina, the President extolled Nyakos []
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FRSC conducts free eye screening for motorists
Mon, 27 Aug 2018
Olaide Oyelude, Katsina The Federal Roads Safety Corps, Katsina Sector Command, on Saturday conducted free eye screening for commercial drivers in the state, as part of efforts aimed at reducing road accidents. The Chairman of the National Union of Road Transport Workers (Taxi cabs chapter), Muntari Suleman, led his colleagues for the eye tests. Specialists []
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Obi of Onitsha calls for restructuring
Mon, 27 Aug 2018
Friday Olokor, Jos The Obi of Onitsha, His Royal Majesty Igwe Alfred Nnaemeka Achebe, has said there is a need for the country to be restructured in a way that will allow the different regions to thrive independently. He said restructuring, rather than Igbo Presidency in 2023, was his concern. The monarch argued that it []
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Ondo community kingmakers reject Akure monarchs appointed chief
Mon, 27 Aug 2018
Peter Dada, Akure The disagreement between the Akure and Isolo communities in the Akure South Local Government Area of Ondo State over the occupier of the throne of Osolo of Isolo community, has yet to be resolved. The kingmakers of Isolo warned the Deji of Akure, Oba Aladetoyinbo Aladelusi, to steer clear of the kingship []
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Is the glut of political parties healthy for Nigerias political system
Mon, 27 Aug 2018
Ideally, the more parties we have, the better for political participation. That will enable more people to participate actively in politics; considering the fact that their interest will be better represented. But the problem we have in Nigeria is that many of these parties do not have what it takes to operate as a political []
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Trump, Obama, others mourn McCains death
Mon, 27 Aug 2018
Oluwatobi Akindele with agency report Leaders across the United States of America have started paying tributes to late Senator John McCain, who died on Saturday at the age of 81. The six-term Arizona senator and 2008 Republican presidential nominee was diagnosed with an aggressive brain tumour in July 2017. His family announced on Friday that []
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Explore nutritional value of Akara
Mon, 27 Aug 2018
A professor of paediatrics at the Johns Hopkins University, USA took a few steps away from the one-step-at-a-time queue progress towards the breakfast buffet offering in a five-star hotel restaurant in Abuja. He had picked one of the tawny balls in a buffet tray, and taken a bite of it. He then asked us who []
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McCain memorial service on Saturday in Washington, burial Sunday
Mon, 27 Aug 2018
Late senator John McCain will lie in state at the US Capitol in Washington on Friday, followed by a memorial service at the National Cathedral before being laid to rest at the US Naval Academy in nearby Annapolis on September 2, his office said. Ahead of the national ceremonies, McCain will lie in state at []
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US playwright, king of comedy Neil Simon dead at 91
Mon, 27 Aug 2018
Neil Simon, the prolific and Pulitzer Prize-winning US playwright celebrated as the king of comedy who won more Oscar and Tony nominations combined than any other showbiz writer, died on Sunday. He was 91. The brains behind more than 30 plays, 20 screenplays and five musicals, Time magazine dubbed him the patron saint of laughter. []
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PHOTOS: Olubadan hosts family, friends to 90th birthday
Mon, 27 Aug 2018
Olubadan of Ibadanland, Oba Saliu Adetunji, played hosts to family and friends as he marked his 90th birthday on Sunday. See the photographs, courtesy, Oyo State Governors Office:
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Omisore begins campaign in Aregbesola’s town
Mon, 27 Aug 2018
Femi Makinde, Osogbo A large crowd of people gathered on the premises of the Ilesa Palace on Saturday as the candidate of the Social Democratic Party in Osun State, Senator Iyiola Omisore, launched his governorship campaign there. Supporters of the former deputy governor of the state defied rains that fell for most part of the []
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Kwankwaso to declare presidential bid on Wed
Mon, 27 Aug 2018
John Alechenu, Abuja Former Kano State Governor, Rabiu Kwankwaso, is set to declare his presidential ambition in Abuja, on Wednesday. The ex-governor who is now the Senator representing Kano Central is to formally join the presidential race at a rally to be held at the Eagle Square, Abuja. This was contained in a statement signed []
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Enough of rhetoric on commercialisation of research findings
Mon, 27 Aug 2018
Punch Editorial Board In an apparent acknowledgement of the centrality of science and technology to the true greatness of a nation, the Federal Government is seeking ways to encourage scientific innovations in the country. This was the clear message from the Minister of Science and Technology, Ogbonnaya Onu, last week when he pledged his commitment []
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2019: PDP delays nomination form sale
Mon, 27 Aug 2018
Olusola Fabiyi, Abuja Members of the National Working Committee of the Peoples Democratic Party led by its National Chairman, Prince Uche Secondus, met in Abuja on Saturday, but failed to pick a date for the commencement of the sale of nomination and expression of interest forms to its members who are interested in contesting any []
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Defection: Group warns APC against welcoming Kashamu
Mon, 27 Aug 2018
Oladimeji Ramon The Ogun Youth Consultative Vanguard has warned the ruling All Progressives Congress against welcoming into its fold the Peoples Democratic Party senator, Buruji Kashamu, representing the Ogun East Senatorial District. The youth claimed to have got wind of a move by Kashamu to defect to the APC, following his expulsion from the PDP. []
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No duplication in our budget ‘INEC
Mon, 27 Aug 2018
Eniola Akinkuotu, Abuja The Independent National Electoral Commission has denied reports that there are duplications in its 2019 election budget. The Chief Press Secretary to the INEC Chairman, Mr Rotimi Oyekanmi, said in a statement on Sunday that INEC’s version of the budget was different from the one President Muhammadu Buhari forwarded to the National []
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APC holds caucus meeting Tuesday, NEC on Thursday
Mon, 27 Aug 2018
John Alechenu, Abuja Barring any last minute changes, the All Progressives Congress will hold its national caucus meeting on Tuesday in preparation for its National Executive Council meeting on Thursday. A highly placed source within the party leadership, who spoke on condition of anonymity for fear of retribution, told The PUNCH, in Abuja, on Sunday, []
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Logistical challenges stall APC’s membership registration
Mon, 27 Aug 2018
John Alechenu, Chukwudi Akasike, Samuel Awoyinfa, and Theophilus Onojeghen Logistical challenges are hampering the planned All Progressives Congress’ continues nationwide membership registration/ revalidation, The PUNCH has learnt. Investigations by our correspondents in some states of the federation on Sunday revealed that the exercise, which was scheduled to have started, had yet to take off on []
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APC sweeps Imo LG polls
Mon, 27 Aug 2018
Chidiebube Okeoma, Owerri All Progressives Congress was on Sunday declared the winner of all the 27 chairmanship seats in an election conducted on Saturday in Imo State. The ruling party equally won 636 out of the 645 councillorship positions in the state. Announcing the results of the polls in Owerri on Sunday, the Chairman of []
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Post-congress leadership tussle has ended ‘Akwa Ibom APC
Mon, 27 Aug 2018
Etim Ekpimah, Uyo The leadership tussle that arose after the State Congress of the All Progressives Congress in Akwa Ibom State has ended. The party, in a statement on Sunday, said the tussle ended on Saturday with members of the former APC state executive led by Dr Effiong Etok, the former state secretary and two []
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Refinancing your mortgage loan
Mon, 27 Aug 2018
Have you got a loan that is no longer working for you’ Maybe your credit has improved, and you can get a better rate. Refinancing your mortgage can help you save money (or at least lower your payments), but sometimes it is just an expensive mistake. If you are considering refinancing, study up before you []
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External reserves drop by $990m in three weeks
Mon, 27 Aug 2018
Nike Popoola The nation’s foreign exchange reserves have fallen by $990.98m this month, latest data from the Central Bank of Nigeria showed on Sunday. The external reserves, which stood at $47.11bn at the end of last month, declined to $46.128bn on August 23, 2018. The CBN noted that the evolution of the forex market in []
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Cocoa processors groan under N50bn debt, huge losses
Mon, 27 Aug 2018
Cocoa processors are currently regretting sinking billions of naira into the cocoa value addition business with little or nothing to show for it even as they face constant harassment from creditors, ANNA OKON writes Cocoa processors in Nigeria have invested billions of naira in the cocoa value chain in response to the Federal Government’s call []
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Onu woos Nigerian investors in US
Mon, 27 Aug 2018
Everest Amaefule The Minister of Science and Technology, Dr Ogbonnaya Onu, will on Monday begin a tour of the United States where he is expected to meet and discuss with Nigerians in the Diaspora and advance a case for returning home and exploring opportunities in the country. In a statement issued in Abuja on Sunday []
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Mortgage monitor survey detects fall in lending
Mon, 27 Aug 2018
Fewer mortgages in the United Kingdom are going to first time buyers but overall home purchase lending is continuing to grow, the latest mortgage monitor report shows. According to Propertywire.com, mortgage approvals increased by 1.5 per cent in July compared to June and were much higher than in both May and April, according to the []
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Brokers review NAICOM’s draft guidelines on operational fees
Mon, 27 Aug 2018
Nike Popoola The President, Nigerian Council of Registered Insurance Brokers, Mr Shola Tinubu, has said the council will make its contribution to the zero draft guidelines issued by the National Insurance Commission, which aims to introduce a two-tier mode of operation and raise brokers’ operational licensing fees. He said the guidelines were currently being reviewed []
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NCAA warns travellers against patronising unregistered travel agencies
Mon, 27 Aug 2018
Maureen Ihua-Maduenyi The Nigerian Civil Aviation Authority has advised all intending travellers to stop patronising unregistered travel agencies. According to the aviation industry regulator, the warning became necessary in view of a recent increase in reports of fraudulent ticketing practices by unregistered travel agencies. In a statement signed by its General Manager, Public Relations, Sam []
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24 businesses to start with less than N350,000
Mon, 27 Aug 2018
Ozioma Ubabukoh Do you want to make some extra cash without investing a lot at the outset’ Start a side hustle. Think about what skills you have and how you can do it with low overhead ‘ it is often possible to get started with less than N350,000. Here are 24 ideas to get you []
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Farming: NIRSAL develops model to reduce post-harvest losses
Mon, 27 Aug 2018
Ifeanyi Onuba, Abuja The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has developed an innovative transportation model that will tackle the bottlenecks in the haulage system for agricultural products. The model is currently undergoing a comprehensive and rigorous process of internal testing before its formal deployment. The transportation model, to be known as the []
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Maintenance of bridges should be a routine activity ‘ Atumonyogo
Mon, 27 Aug 2018
President, Nigerian Institution of Structural Engineers, Eddy Atumonyogo, in this interview with MAUREEN IHUA-MADUENYI, says government at various levels should engage professionals for maintenance of bridges and other public infrastructure across the country The Third Mainland Bridge was recently closed for investigative maintenance test to be carried out on it. What does the process entail’ []
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How are you funding your child’s education
Mon, 27 Aug 2018
Nimi Akinkugbe ‘Education is a human right with immense power to transform. On its foundation rests the cornerstones of freedom, democracy and sustainable human development.’ Kofi Annan As parents and guardians, it is our greatest desire to give our children and wards the best possible start in life. The most powerful way to secure []
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Respect MoUs with host communities, don urges IOCs
Mon, 27 Aug 2018
Chukwudi Akasike, Port Harcourt A university don, Dr Anthony Clark, has called on international oil companies operating in the Niger Delta region to always respect the Memoranda of Understanding entered with their host communities. Clark made this call on Saturday at a youth sensitisation and entrepreneurship workshop with the theme ‘Curbing youth restiveness through leadership []
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AIB to review air accident investigation regulations
Mon, 27 Aug 2018
Maureen Ihua-Maduenyi The Accident Investigation Bureau says it plans to review its existing regulations on incident and accident investigation in order to accommodate latest changes in the global aviation industry. The AIB Commissioner, Akin Olateru, said the need to review the AIB’s regulations was also part of the International Civil Aviation Organisation’s findings the last []
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NSE market capitalisation drops by N458bn
Mon, 27 Aug 2018
Feyisayo Popoola The market capitalisation of equities listed on the Nigerian Stock Exchange declined by N458bn within 19 days of trading. The market capitalisation dropped from N13.391tn on August 2, 2018 to N12.933tn on August 24. It appreciated by 0.45 per cent last week. The NSE All-Share Index also increased by 0.45 per cent to []
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FG rehabilitates Adamawa, Borno, Kogi, Niger roads
Mon, 27 Aug 2018
Okechukwu Nnodim, Abuja The Federal Government on Sunday said it would spend the sum of N22,699,176,016.86 on the rehabilitation of Mayo Belwa-Jada-Ganye-Toungo road in Adamawa State. It also said its attention had been drawn to embankment and road washouts at five different locations in four northern states as a result of the ongoing rainfall, adding []
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Group to empower 27,000 SME business owners
Mon, 27 Aug 2018
Peter Dada, Akure A group, the Visioned Skills Development Centre, says it has begun empowerment of about 27,000 people engaged in the Small and Medium Enterprises across the country through the provision of grant. The grant, which was given to the beneficiaries, is between N250,000 and N10m. The Chief Executive Officer of the group, Mr []
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Building collapse: ARCON sets up project registration number system
Mon, 27 Aug 2018
Maureen Ihua-Maduenyi Following the collapse of a building in the Jabi area of Abuja on August 17, the Architects Registration Council of Nigeria says it has set up a projects registration number system to mitigate such incidences. The ARCON Projects Registration Number system is a mandatory registration number to be issued to all architects practising []
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