Punch Newspaper Today, Monday 12th November 2018

Punch Newspaper Today, Monday 12th November 2018

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PDP flays violent search of Atikus plane, documents by security agents
Mon, 12 Nov 2018

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The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has alleged that on his return from Dubai, he was unusually searched by security agents with the aim of intimidating him.

Abubakar returned to Nigeria in the early hours of Sunday from Dubai, where he had been on holiday after winning the party’s presidential primary.
The primary was held in Port Harcourt, Rivers State on October 7 and 8.

Atiku, who arrived in Abuja in a private jet, was said to have been accompanied by some of his aides and children.

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While in Dubai, he held meetings with members of his campaign team led by the Director-General of the PDP Presidential Campaign Organisation, who is also the President of the Senate, Senator Bukola Saraki; National Chairman of the party, Prince Uche Secondus; and his (Atiku’s) running mate, Mr Peter Obi, among others.

While Atiku was away, the ruling All Progressives Congress called on security agencies to probe him over his trip.

Atiku claimed that on return to Nigeria, he was unusually searched by security agents.

Although he did not mention the number of security men that searched him or his luggage or aircraft, Atiku said the plan was to intimidate him and his staff.

Writing on his verified twitter handle, @atiku, the former vice-president said, “I arrived in Abuja this morning to a search by agents of the state, aimed at intimidating me and my staff.

“I am committed to building a Nigeria where no citizen is intimidated by agents of state who are paid to protect them.

“Together,#LetsGetNigeriaWorkingAgain – Atiku Abubakar.”

Speaking with our correspondent on the issue, the spokesperson for the Atiku Presidential Campaign Organisation, Mr Segun Sowumi, said Atiku was not too bothered about the action of the security agents.

Rather, he said the former vice-president believed the security agents were doing their job, but expressed the feeling that the action was tilting towards what he called “dictatorship.”

Sowumi also said he did not have the exact number of security agents that were involved in the search.

He said, “We have taken what happened at the airport as one of the prices to be paid for leadership.

“We knew they (the government) are jittery, but we never expected this garrison style from them. However, if the action is to intimidate us, they have failed. No amount of intimidation will move us away from our set objectives and goals.

“We are just appealing to Nigerians to join us by getting PVCs ready to get a new government in 2019.”

How plot to plant foreign currencies on Atiku’s aircraft failed – Ex-APC spokesperson

Meanwhile, a former Deputy National Publicity Secretary of the All Progressives Congress, Mr Timi Frank, has alleged that the security search was a plot to embarrass Atiku.

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DSS probe: Oshiomhole denies meeting Tinubu in London
Mon, 12 Nov 2018
Alexander Okere, Benin The National Chairman of the All Progressives Congress, Adams Oshiomhole, on Sunday denied meeting with the partys National Leader, Asiwaju Ahmed Tinubu, over his encounter with the Department of State Services. Oshiomhole, who had reportedly been quizzed by the DSS over the partys primaries but maintained that he only had an interaction
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EFCC intensifies efforts to extradite Diezani
Mon, 12 Nov 2018
The Economic and Financial Crimes Commission has confirmed that the process of extraditing former Minister of Petroleum, Mrs Diezani Alison-Madueke, to Nigeria from the United Kingdom has begun. Acting spokesman for the commission, Mr Tony Orilade, disclosed this in an interview with News Agency of Nigeria on Sunday in Abuja. There have been calls from
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Why I cant come to Nigeria EFCCs ex-private investigator
Mon, 12 Nov 2018
Ade Adesomoju, Abuja A United Kingdom-based private investigator formerly working for the Economic and Financial Crimes Commission, Mr Victor Uwajeh, has pleaded with the Federal High Court in Abuja to set aside the order of arrest it issued against him in May this year. In his application filed before the court, Uwajeh said he was
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Ex-EFCC boss, Waziri, cautions politician on hate speech, violence
Mon, 12 Nov 2018
Dayo Ojerinde A former Chairman of the Economic and Financial Crimes Commission, Mrs Farida Waziri, has urged politicians to make their plans for Nigerians their focus rather than focusing on issues that will divide the country. Waziri also urged political leaders to prevail on their supporters to avoid violence during electioneering. She made the statement
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Customs seize 633 bags of rice in Edo
Mon, 12 Nov 2018
Gibson Achonu, Owerri Officers and men of the Nigeria Customs Service, Federal Operations Unit, Zone C Owerri, Imo State, have seized a truck carrying over 633 bags of 50kg smuggled foreign rice with total Duty Paid Value of N22,077,520. Briefing journalists at the Customs Warehouse, Aduwawa, Benin City, Edo State on Saturday, the Controller in-charge
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NAPTIP arrests man for trafficking Primary 5 pupil to Mali
Mon, 12 Nov 2018
Alexander Okere, Benin The Benin Zonal Command of the National Agency for the Prohibition of Trafficking in Persons has arrested a 29-year-old man, Action Mudiaga, for alleged human trafficking. It was gathered that Mudiaga was apprehended by operatives of the agency at Uwheru in Ughelli North Local Government Area of Delta State. He was said
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Our lives under threat New Ondo speaker , deputy
Mon, 12 Nov 2018
Peter Dada, Akure The newly elected Speaker of Ondo State House of Assembly, Mr Olamide George, on Sunday called on President Muhammadu Buhari and the Inspector-General of Police, Mr Ibrahim Idris, to save his life. George, who represents Akure North, became the speaker of the Assembly, following the impeachment of the former speaker Mr Bamidele
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How to set up new Android smartphone
Mon, 12 Nov 2018
Ife Ogunfuwa Have acquired a new Android smartphone’ Maybe it is the latest Infinix, Samsung Galaxy, Tecno, or OnePlus. Whichever one you choose, you will want to get it up and running as fast as possible. According to Lifewire, setting up a new Android smartphone used to be tedious and labour intensive, but if you
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Buhari and 2019 elections
Mon, 12 Nov 2018
On October 9, 1967, cornered in La Higuera, a jungle of Bolivia, hungry, exhausted, abandoned and face to face with his executioners, when the hope to live had ended, when the reality of death had become the inescapable fate, the quintessential revolutionary icon, Che Guevara, declared: Shoot, you are only cowards, death will come when
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PenCom moves against using pension accounts for money laundering
Mon, 12 Nov 2018
Nike Popoola As part of the efforts to prevent workers from using their pension accounts for money laundering, operators will begin to investigate workers who make voluntary contributions of N5m and above into their Retirement Savings Accounts. The National Pension Commission disclosed this in its new guidelines for voluntary contributions under the Contributory Pension Scheme.
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Refineries: NNPC, financiers negotiate abroad
Mon, 12 Nov 2018
The Nigerian National Petroleum Corporation looks set to announce investors for the proposed rehabilitation of the nations refineries following recent talks with financiers abroad, OKECHUKWU NNODIM writes Top management officials of the Nigerian National Petroleum Corporation have met with financiers abroad to further negotiate terms for the proposed rehabilitation of the nations refineries. Nigeria has
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FG reactivates export grant with N13.2bn Udoma
Mon, 12 Nov 2018
Ifeanyi Onuba, Abuja The Minister of Budget and National Planning, Senator Udoma Udoma, has said the Federal Government has reactivated the Export Expansion Grant with the sum of N13.28bn to stimulate the exports of locally produced goods. He said the amount was captured in the 2018 budget being implemented by the Federal Government. The EEG
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Lagos-Ibadan roadll be completed in 2021 Julius Berger
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi The Sagamu-Lagos end of the Lagos-Ibadan Expressway project will be completed by 2021, the contractor, Julius Berger, has said. The Operations Manager, Julius Berger, Thamm Olaf, told the Senate Committee on Works, led by its Chairman, Kabiru Gaya, on Sunday, that the project, which was to be completed in 2017, was stalled due
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Govt concludes work on 2019 budget, FEC gets document soon
Mon, 12 Nov 2018
Olalekan Adetayo, Abuja President Muhammadu Buhari may present the 2019 Appropriation Bill to the National Assembly later this month, The PUNCH has learnt. Our correspondent learnt on Sunday that work on the fiscal document had reached an advanced stage with the conclusion of defence by Ministries, Departments and Agencies on Saturday. It was further learnt
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NSE sanctions eight banks with N102m fines
Mon, 12 Nov 2018
Feyisayo Popoola The Nigerian Stock Exchange has sanctioned eight banks with fines totalling N102.7m for failing to file their financial statements at the regulatory date. The Exchange launched its new sanction regime for the delay in submission of companies results on January 1, 2018, saying companies might pay fines ranging from N100, 000 to more
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Investment interest secured for 45 deals worth $32bn AfDB
Mon, 12 Nov 2018
Everest Amaefule Out of 61 transactions valued at $40.4bn tabled for discussions in boardroom sessions at the just concluded African Investment Forum in Sandton, South Africa, 45 deals worth over $32bn were secured, the African Development Bank has said. In a statement made available to our correspondent in Abuja on Sunday, the AfDB said that
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How to maximise your ATM card
Mon, 12 Nov 2018
There are many benefits of using the banks Automated Teller Machine. One of them is the quick cash withdrawal. As the name suggests and is well known to all, just insert your ATM debit card into the Automated Teller Machine, punch the code and the amount you want to withdraw and you get the cash
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Building a retail market for entrepreneurs
Mon, 12 Nov 2018
Ozioma Ubabukoh The retail industry provides an exciting way of life for the over 20 million people who earn their livelihood in this sector of the Nigerian economy. Retailers provide the goods and services that we need from food, auto parts, apparel, home furnishings, appliances and electronics to advice, home improvement and skilled labour.
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Population growth driving real estate investment PropertyMart
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi The Group Managing Director of Palton Morgan Holdings, Mr Adeyinka Adesope, says the countrys population growth has increased investment in real estate. He said buying and selling real estate products had increased over the years and would continue to grow. He said, Nigeria is an emerging nation and the population is growing, at
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Environmentalists propose sanctions for open defecation, poor sanitary practices
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi Environmentalists have called for sanctions on open defecation and poor sanitary practices in the country, following the Federal Governments declaration of a state of emergency on the water supply, sanitation and hygiene sector. The environmentalists told The Punch that the sanctions would serve as a deterrent to the abuse of the environment. They
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Overcoming start-up struggles
Mon, 12 Nov 2018
Ozioma Ubabukoh Start-ups are not all unicorns and IPOs. The start-up struggle is real. Here is a brief timeline of an entrepreneurs personal start-up struggles: In 2011, he was building one of his start-ups. He had sold his car to have extra cash on his fundraising road. In the 11th hour, when his savings was
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Land Use Act: Experts seek review over abuse by state govts
Mon, 12 Nov 2018
Mudiaga Affe, Calabar Environmental experts have called for the review of the Land Use Act, saying it has been abused by state governments. The experts submitted that current Land Use Act, which came into effect in 1978, has outlived its usefulness as it serves the interest of few privileged persons in government at the detriment
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Osun begins construction of Ilesa New Town
Mon, 12 Nov 2018
Femi Makinde, Osogbo Osun State Government has begun the construction of Ilesa New Town in a bid to provide decent and modern accommodation to thousands of people in the town. The state governor, Ogbeni Rauf Aregbesola, who inaugurated the commencement of the construction work at a ceremony held at the site located along Osun Ankara
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Dangote unveils new cement in Benin, Asaba
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi Dangote Cement Plc has unveiled a new cement product, BlocMaster in Benin City and Asaba, following its official launch in Lagos a few weeks ago. The Managing Director and Chief Executive Officer of the company, Mr Joe Makoju, who was represented by the companys National Sales Director, Adeyemi Fajobi, at the launch, was
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Staco denies violating regulatory rules
Mon, 12 Nov 2018
Nike Popoola The Management of Staco Insurance Plc has denied the allegation of regulatory infractions which was levied against it and some other insurance companies. In a statement by the companys Acting Managing Director, Mr Bayo Fakorede, Staco denied the allegations after some insurance firms were invited by the House of Representatives sub-committee on Capital
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Reps canvass more funding for NBRRI, others
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi The House of Representatives Committee on Science and Technology has asked the Federal Government to increase budgetary allocations to the Nigerian Building and Road Research Institute, and other research institutes across the country. The committee noted that this would help the institutions to bridge the gap in research and development, adding that the
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Zenith, two others contribute 51% to stock market value
Mon, 12 Nov 2018
Feyisayo Popoola Zenith Bank Plc, Access Bank Plc and FBN Holdings Plc contributed 51.66 per cent and 51.85 per cent to the total equity turnover volume and value, respectively at the end of trading on the Nigerian Stock Exchange last week. Trading in the three equities accounted for 557.380 million shares (when measured by volume)
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FSCF plans financial market expansion with CBN license
Mon, 12 Nov 2018
Nike Popoola Factoring and Supply Chain Finance Limited has secured the Central Bank of Nigerias operating license to commence business transactions in factoring, trade receivables finance and other related services. In a statement, it described factoring as a financial transaction and a type of debtor finance in which a business sells its accounts receivables (invoices)
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Mitigate critical illnesses with insurance
Mon, 12 Nov 2018
Nike Popoola Old Mutual has recommended insurance policy as a means to mitigate rising cost of treating critical illnesses because most people who suffer such in the country usually lack the ability to manage them. According to a statement from the firm, those affected usually have reduced economic performance caused by zero productivity or job
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Quality cement mix can end building collapse BUA
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi BUA Cement, a subsidiary of BUA Group has said that quality cement mix could help to reduce the incidences of building collapse in the country. The firm stated this at a workshop to sensitise block and concrete makers on how to apply the right mix of cement with other components to ensure the
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NIRSAL, CBN, others agree to increase agric lending
Mon, 12 Nov 2018
Ifeanyi Onuba, Abuja The Nigerian Incentive-Based Risk-Sharing System for Agricultural Lending, the Central Bank of Nigeria and Deposit Money Banks have agreed to stimulate the flow of lending to the agricultural sector. This was the outcome of a retreat organised by NIRSAL for chief risks officers of banks, the CBN and other stakeholders in the
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Continental Re announces judges for journalism awards
Mon, 12 Nov 2018
Nike Popoola Continental Reinsurance Plc has introduced the panel of judges for the 2019 Pan African Re/Insurance Journalism Awards. In a statement, it said the independent judging panel would be chaired by Michael Wilson, a seasoned freelance business and finance journalist. Wilson joined Sky TV at its inception in 1989 and for over 20 years
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NSE lifts suspension on FTN Cocoa Processors shares
Mon, 12 Nov 2018
Feyisayo Popoola The Nigerian Stock Exchange has announced the lifting of the suspension it placed on trading in the shares of FTN Cocoa Processors Plc. It said the firm and five others were suspended on October 8, 2018, for non-compliance with rule 3.1 of the Exchange (Issuers Rules) rules for filing of accounts and
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Nigerians need enlightenment on real estate investment
Mon, 12 Nov 2018
Maureen Ihua-Maduenyi The Managing Director, Aimart Realtors, a subsidiary of Aimart International Nigeria Limited, Mrs Bukola Iluyomade, has said there is a need to increase enlightenment on real estate investment in the country. Speaking during the firms products extravagance launch in Lagos, Iluyomade said the company was out to change peoples fear about real estate
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Rivers introduces new technology to stop tax fraud
Mon, 12 Nov 2018
Chukwudi Akasike Determined to check tax fraud and illegal tax collection, the Rivers State Internal Revenue Service said it had acquired a technology that would put an end to such vices. The RIRS Chairman, ThankGod Norteh, explained that with the new technology, taxpayers would not have to go through stress or unnecessary bottlenecks in tax
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LBIC becomes revenue collector in Lagos
Mon, 12 Nov 2018
The Lagos Building Investment Company Plc has joined the league of financial institutions approved by Lagos State Government to collect its revenues. The approval, which was contained in a letter issued by the State Treasury Office, read, Following your recent application for absorption into the Lagos State Government EBS/RCM revenue generation programme and subsequent recommendation
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Buratais vehicle in auto crash
Mon, 12 Nov 2018
Olaleye Aluko, Abuja The official staff car of the Chief of Army Staff, Lt. Gen. Tukur Buratai, was on Sunday involved in an auto crash in the Jere area of Kaduna State. Our correspondent learnt that the crash occurred on Sunday around 6pm after a civilian vehicle veered off its lane and rammed into the
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2019 UMTE: JAMB offers exceptional foreign nationals scholarships
Mon, 12 Nov 2018
Olaleye Aluko, Abuja The Joint Admissions and Matriculation Board has said the 2019 Unified Tertiary Matriculation Examination will be made available to candidates of other countries in West Africa to gain admission to Nigerian universities. The JAMB Registrar, Prof Is-haq Oloyede, stated this at the 6th Annual Conference of West Africa Universities in Dakar, Senegal,
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Lai forces N3.5m lie down el-Zakzakys throat
Mon, 12 Nov 2018
Tunde Odesola Apart from President Muhammadu Buhari, another Mohammed is the second most-hated member of the ruling All Progressives Congress by the opposition. A great leader, polyglot, politician, PR expert, media consultant, husband, father and grandfather; his full name is Lai Mohammed. Lie, as his haters are wont to call him, burst into political reckoning
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Alleged breach of contract: APC gov candidate, Uzodinma, arrested
Mon, 12 Nov 2018
Ade Adesomoju, Abuja The Special Presidential Investigation Panel For Recovery of Public Property said on Sunday that it had arrested the governorship candidate of the All Progressives Congress in Imo State, Hope Uzodinma, at the Nnamdi Azikiwe International Airport in Abuja. Chairman of the panel, Chief Okoi Obono-Obla, said in a short message to our
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Money, money everywhere & yet more debt!
Mon, 12 Nov 2018
Henry Boyo The International Monetary Fund Country Chief, Amine Mati, who spoke on Thursday, November 8, in Abuja, at the presentation of the Regional Outlook for sub-Saharan Africa, was clearly concerned that despite Nigerias very precarious 1.9 per cent projected growth rate for 2018, and a debt to GDP ratio between 20 and 25 per
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We need issue-based campaigns
Mon, 12 Nov 2018
Eze Onyekpere In a few days from now, the Independent National Electoral Commission will formally declare Nigerias political space open for campaigns by candidates flying the flags of the respective political parties at the presidential, governorship and various legislative levels. What are we expecting from the candidates and political parties’ Do we expect a resort
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Stop blaming National Assembly for budget delay, Senate tells Presidency
Mon, 12 Nov 2018
Sunday Aborisade, Abuja The Senate has told the presidency to stop blaming the National Assembly for the delay in the passage of the nations annual budget. It also asked the executive arm of government to stop playing politics with the annual fiscal document. The Senate Minority Leader, Senator Biodun Olujinmi, who stated this in a
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Boko Haram razes 65 houses, steals cows, sheep in Borno attack
Mon, 12 Nov 2018
Kayode Idowu, Maiduguri Suspected Boko Haram members on Saturday invaded a village on the outskirts of Maiduguri, Borno State, and razed 65 houses. The attack forced many of the residents to flee the village to avoid being killed by the terrorists. However, some people were injured while a cripple was allegedly killed. A statement by
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Ive been fortified Wike
Mon, 12 Nov 2018
Chukwudi Akasike, Port Harcourt Rivers State Governor, Nyesom Wike, said on Sunday that he had been fortified by God to defend the interest of the state against forces of darkness. Speaking during a special luncheon for the President of Christ for All Nations, Evangelist Daniel Kolenda, and his team at the Government House, Port Harcourt,
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2019 : Transport union warns members in Lagos
Mon, 12 Nov 2018
The Lagos State chapter of the Road Transport Employers Association of Nigeria on Sunday warned its members to steer clear of electoral violence and thuggery before, during and after the 2019 general elections. The Chairman of the chapter, Alhaji Mohammed Musa, gave the warning in an interview with the News Agency of Nigeria in Lagos.
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Illicit financial flow: Buhari seeks sanctions against lawyers, bankers
Mon, 12 Nov 2018
Olalekan Adetayo, Abuja President Muhammadu Buhari on Sunday called on professional bodies to sanction those he described as transactional middlemen to curb illicit financial flows. He named lawyers, bankers and brokers among those he said should be sanctioned to end the menace. According to the Special Adviser to the President on Media and Publicity, Mr
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ICAN, forensic auditors clash over passage of new investigative bill
Mon, 12 Nov 2018
John Ameh, Abuja The Institute of Chartered Accountants of Nigeria and the forensic and investigative auditors in Nigeria have clashed over the bill seeking to establish the Chartered Institute of Forensic and Investigative Auditors of Nigeria. Findings by The PUNCH on Sunday showed that ICAN had already written the House of Representatives, urging it not
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