The Nation Newspaper Today, Wednesday 14th November 2018

The Nation Newspaper Today, Wednesday 14th November 2018

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

How former governor blew N5.7b on politics, by ex-aide
Wed, 14 Nov 2018

BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

A witness told yesterday of how about N5.7 billion Subsidy Reinvestment and Empowerment Programme (SURE-P) funds went down the drain.

Mr Nasiru Ingawa, Special Adviser to former Katsina State Governor Ibrahim Shema on SURE-P, said at the Federal High Court in Katsina that Shema directed him to spend the cash on politics.

The former special adviser testified at the resumed hearing of a fraud case against Shema.

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Shema is standing trial before the court on a 26- count charge bordering on fraud, in contravention of Section 15(2d) of the Money Laundering Prohibition Act, 2011, as amended.

The offences are punishable under Section 15 (3) of the Act.

The Economic and Financial Crimes Commission (EFCC) preferred the charges.

Ingawa told the court that he was the Special Adviser to Shema on SURE-P from June, 2014 to May, 2015.

“I remember him (Shema) telling me that we were going to use the funds for politics and that we would extract our savings from there,’’ he said.

He said that the duo wrote memos for certain programmes and used half of the money; the remaining half went into savings.

Ingawa also said that the department made direct purchases from which a certain percentage would go into savings.

He added that sometimes, they wrote memos for programmes not implemented at all.

‘’The tradition is that I had to sit down and discuss with him on any programme; if he agreed, he would instruct me on exactly how much the savings should be from that programme,’’ he said.

The witness testified that, sometimes, he gave the funds to Shema directly; other times, he (Shema) instructed him who to give.

‘’All money from SURE-P account were withdrawn in cash, with the exception of few programmes which the withdrawal was done with cheques,’’ Ingawa said.

After the evidence, the prosecution counsel, Mr O. I. Uket, applied for adjournment, which the defence counsel did not object to.

read more…

Nigerias oil output to hit 1.8m bpd
Wed, 14 Nov 2018
Nigeria will increase its oil production to 1.8 million barrels per day next year, Nigeria National Petroleum Corporation (NNPC) Group Managing Director Maikanti Baru said yesterday.The country will also raise condensate production to 0.5 million bpd, he added, according to Reuters.Nigeria produces 1.6 million bpd of oil and 0.4 million bpd of condensate.Baru said he expected the NNPC to sign deals with consortiums this month to revamp long-neglected oil refineries.NNPC is in the final stages of
read more…

Dec. deadline for minimum wage
Wed, 14 Nov 2018
Labour yesterday requested that all processes leading to the implementation of the N30,000 minimum wage should be completed next month.It also vowed not to accept anything less than the N30,000 recommended by the Tripartite Committee to President Muhammadu Buhari.President of Trade Union Congress (TUC) Comrade Bobboi Bala Kaigama, who spoke at the National Executive Council (NEC) meeting of the association, said there was the urgent need to fast-track the implementation of the new wage.Kaigama s
read more…

Our fears ahead 2019 polls, by Christians
Wed, 14 Nov 2018
The Christian Association of Nigeria (CAN) yesterday raised the alarm on desperation of politicians ahead of the 2019 general elections saying it was a sign of danger.The President, CAN, Rev. Samson Ayokunle, said if something urgent was not done to curtail such desperation, it could set the country on fire.Ayokunle, who spoke when he paid a courtesy call on the Bayelsa State Government, at the Government House, Yenagoa, also appealed to politicians to stop the violence and killings across the c
read more…

2019: PDP in serious difficulties to fund Atiku campaign, APC alleges
Wed, 14 Nov 2018
The All Progressives Congress (APC) yesterday alllged that opposition Peoples Democratic Party (PDP) presidential candidate Atiku Abubakar is finding it difficult to raise cash to fund his campaign.It urged anti-graft agencies to closely monitor the inflow of money so that illegal money is not channeled into the campaign.Also yesterday, the Buhari Media Organisation (BMO) described the Strategy meeting of the PDP in Dubai as a jamboree, which is lacking in logic, and commitment to solving Nigeri
read more…

Lagos okays hijab on school uniforms
Wed, 14 Nov 2018
Muslim students laud gestureLagos State Government yesterday lifted its ban on the use of the hijab on uniforms in schools.This was contained in a circular, signed by A.O Olukoya for Tutor General/Permanent Secretary, entitled Re-The Use of Hijab in Lagos State Public Schools.The circular reads: Since the case of the use of hijab i n Lagos State is still pending in the Supreme court of Nigeria, status quo be maintained, to avoid contempt of the court, that is students be allowed to wear hijab on
read more…

ASUU vs. FG again!
Wed, 14 Nov 2018
Only pragmatic negotiations will lead to a realistic solutions recent resumption of industrial action by the Academic Staff Union of Universities (ASUU) is grim testimony to the complexity of the issues and the inability of the parties concerned to move beyond entrenched positions.ASUU claims that it resumed the strike it suspended in September 2017 because there had been no significant progress on the implementation of the 2009 agreement between it and the Federal Government, as well as the Me
read more…

Greatest resource
Wed, 14 Nov 2018
Nigeria must adequately cater for its youths for a brighter tomorrowThe United Nations pegs the youth age at between 15 24 years. However, because this is done without prejudice to any countrys benchmark, Nigeria pegs her own youth age at between 18-35 years. Invariably, if well prepared with good education, health and other developmental variables, the youth of any nation is the most productive sector of its population. In essence, the children of any country hold the ace to its future.It is i
read more…

Wike and the misadventure of Prince Charles
Wed, 14 Nov 2018
The narrow-minded would probably view the futility of the entire visit only by a fleeting wardrobe malfunction. In the amusing picture that had trended in the social media, visiting Prince Charles of Wales buttoned his suit wrongly. Flanked by wife Camila and a Nigerian general in full ceremonial attire in the blazing sun, his sunglasses would have accentuated his grey-colored ensemble, but for the misaligned button.Then, the cynical caption that could only be written by a PDP sympathizer: Just
read more…

Teleology: New driver for 9mobiles old vehicle
Wed, 14 Nov 2018
After a long tortuous process, 9mobile new owners Teleology Nigeria Limited have formally taken over the management of the ailing telco. The takeover marks a significant development in the quest to resuscitate the telco. LUCAS AJANAKU writes on the challenges ahead of the new management.For Adrian Wood, pioneer chief executive officer, MTN Nigeria, and promoter of Teleology Nigeria Limited, and now a non-executive director in the newly constituted board of Nigerias fourth largest carrier, 9mob
read more…

Bill proposes 10 years jail for killing, exporting donkey
Wed, 14 Nov 2018
A BILL prohibiting any Nigerian or foreigner from killing or shipping a donkey for commercial purposes has passed second reading in the House of Representatives yesterday.The bill, sponsored by a lawmaker, Garba Datti Muhammad (APC Kaduna) stipulates 10 years imprisonment for anyone that breaks the proposed law.Muhammad, while presenting arguments on the bill, said it seeks, among others, to prohibit the killing of donkeys in Nigeria and the exportation of donkeys or its carcasses or derivatives
read more…

Students protest killing of colleague
Wed, 14 Nov 2018
Bayelsa students yesterday in Yenagoa protested the murder of their 17-year-old colleague, Miss Seifa Fred, by suspected cultists.Clad in black attires, the students, under the auspices of the National Association of Nigerian Students (NANS) and the National Union of Bayelsa Students (NUBSS), marched on the popular Mbiama-Yenagoa Road, carrying the portrait of Seifa.The deceased, a 100-level student of the Niger Delta University (NDU), was shot dead by suspected cultists at close range while run
read more…

CSOs, lawyers contributed to Police Reform Bill, says Saraki
Wed, 14 Nov 2018
SENATE President Bukola Saraki has reiterated the Senates commitment to fast-tracking the passage of the Police Reform Bill.Saraki, in a statement signed by his Special Assistant on New Media, Olu Onemola, emphasised that given the security challenges that the nation was facing, the passage of the Bill would help to create a more responsive and efficient Police institution.The Senate President said: Guaranteeing the safety of the lives and properties of Nigerians remains a fundamental concern fo
read more…

How anti-terror war can succeed
Wed, 14 Nov 2018
A commentator, Nono Mohammed, urges Nigerians to support the fight against insurgency by the Buhari administration to rid the country of the Boko Haram sect.In the build-up to the 2015 presidential election, the alarming level of insecurity in the North-east region of the country had attracted national and international condemnations. That was because the outlawed Islamist militant group, Boko Haram, perpetrated brazen attacks that claimed thousands of lives and destroyed property that are bette
read more…

2019: Is Nigeria ready for Madam President
Wed, 14 Nov 2018
Former Minister of Education Obiageli Ezekwesili is deploying the energy and enthusiasm she employed in creating awareness for her Bring Back Our Girls advocacy campaign to her bid for the presidency. The Allied Congress Party of Nigeria (ACPN) flag bearer has aptly described her move to challenge the dominance of the two major parties as a David and Goliath battle. Deputy Political Editor RAYMOND MORDI reports. FORMER Minister of Education Dr. Obiageli Ezekwesili may have joined the presidentia
read more…

Obasa: A bridge builder at 46
Wed, 14 Nov 2018
Musbau Rasak extols the virtues of Lagos State House of Assembly Speaker Mudashiru Obasa, who clokcs 46 this week.On his election as the Speaker of the Eighth Lagos State House of Assembly on June 8, 2015, Mudashiru Ajayi Obasa, assured Lagosians that he will preside over a legislative arm they will be proud of.Obasa assured that under his speakership, the Lagos State House of Assembly will always rise far and above the common standard of excellence.As he celebrates his birthday on November 11,
read more…

Lagos Assembly: Those who may return in 2019
Wed, 14 Nov 2018
Following the conclusion of the House of Assembly primaries by the All Progressives Congress (APC) in Lagos State, the permutations about who is likely to return to the chamber next year are easy, given that politics in the state is dominated by the party. Correspondent OZIEGBE OKOEKI reports.THE All Progressives Congress (APC) primary for the Lagos State House of Assembly aspirants has come and gone. After all the controversies surrounding the outcome of the elections, there is now a clearer pi
read more…

Niniola stages exciting show at Human Radio Concert
Wed, 14 Nov 2018
Queen of Afrohouse Niniola over the weekend in Lagos thrilled attendees at the Human Radio Concert which held at the Landmark Event Center, Lagos.With Shody The Turn Up King and Larry Foreman as hosts, the concert kicked off with DJ Crowd Kontroller and DJ DIPS warming up the crowd with a mix of old and new school hits. The opening acts were an interesting mix of voices in the industry such as Tyson Noir, Immaculate, Ric Hassani, Okiemute, GreyC, and heavy weights like Slimcase, L.A.X and Remini
read more…

Fuji artiste Afeez Ayinde to headline Festival of Culture, USA 2019
Wed, 14 Nov 2018
Nigerian fuji artist, Kamorudeen Afeez Ayinde aka Maltina, is set to thrill lovers of fuji music in the forthcoming 2019 Festival of Culture, holding between June and December, in the United States of America.According to the Chief Executive Officer and Managing Director, TS-LLC Music Promotions, Mr. Olawale Olukokun, he noted that Nigeria is blessed with beautiful culture and tradition which need to be promoted through good music.We must endeavour to preserve our culture through what people lov
read more…

BON Awards unveils nominees
Wed, 14 Nov 2018
The screening committee for this years edition of Best of Nollywood (BON) Awards has released the list of nominees.A statement from the organization says the exercise marks the end of four months of intense activities which started with call for entries.This year, we received 112 films including 93 feature films, eight short films and one documentary series were screened. 10 others were disqualified for various reasons relating to not meeting entry requirement, said the organisers.They observed
read more…

Chaka Chaka, Bobi Wine, Keke Ogungbe, others to speak at AFRIMA-Ghana
Wed, 14 Nov 2018
As preparations for the 5th edition of the All Africa Music Awards (AFRIMA) gets to its peak, organisers have released a list of notable personalities who will be speaking at the Africa Music Business Summit (AMBS), one of the activities lined up for the AFRIMA, taking place in Accra, Ghana from December 21 to 24, 2018.They include, renowned South African music superstar, Yvonne Chaka Chaka; Ugandan music activist and parliamentarian, Bobi Wine; Internationally acclaimed video and audio disk joc
read more…

Kirk Franklin, Tope Alabi, others to headline The Experience 2018
Wed, 14 Nov 2018
House on the Rock has announced the 13th edition of its annual gospel concert The Experience tagged Jesus, Our Peace and scheduled to kick off at 7pm on December 7, 2018 at the Tafawa Balewa Square, Lagos.As it has been the norm, The Experience 2018 will feature renowned indigenous and international gospel artistes such as Don Moen, Kirk Franklin, Donnie McClurkin, Timi Dakolo, Travis Greene, Nathaniel Bassey, , Vicki Yohe, Chioma Jesus, Tope Alabi, Eben , Tim Godfrey, Mike Aremu, Glowreeyah, On
read more…

Nigeria, South Africa lead as Africas FDIs rise
Wed, 14 Nov 2018
Nigeria, South Africa, Morocco, Kenya and Ethiopia accounted for 40 per cent of total foreign direct investments (FDIs) in Africa as foreign investors increased stakes on emerging economies.In its latest report, Africa Attractiveness, Ernst & Young (EY) found that South Africa, Morocco, Kenya, Nigeria and Ethiopia remained the dominant anchor economies within their respective regions and accounted for 40 per cent of the continents total FDI projects.The EY 2018 report, Turning tides, provide
read more…

Success story of an inspiring young entrepreneur
Wed, 14 Nov 2018
A banking and finance graduate of Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Omolola Olowu, has found success sourcing and selling cheaper electronics accessories, DANIEL ESSIET reports.A YOUNG entrepreneur, Omolola Olowu, has always had an interest in technology and phones based on her belief that they are the most impactful on humanity. According to her, almost everybody use them, and phones make up the single biggest market today.Olowus dream was to set up a business, selling phone a
read more…

SEC, NSE, others for PEARL Awards
Wed, 14 Nov 2018
The 2018 PEARL Awards will provide opportunities for capital market regulators and other key players in the economy to further interact on many developmental issues facing the capital market and the economy.Organisers of the Awards have confirmed that the event would be graced by the Acting Director-General, Securities & Exchange Commission, Ms. Mary Uduk, President, Nigerian Stock Exchange (NSE), Abimbola Ogunbanjo and elderstatesman, Ambassador Shehu Malami.Chairman, Senate Committee on Lo
read more…

Stanbic IBTC opens Africa-China Banking Centre
Wed, 14 Nov 2018
Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings Plc, yesterday commissioned an Africa-China Banking Centre (ACBC) in Lagos.The launch of the Africa China Banking Centre was performed by the Industrial and Commercial Bank of China (ICBC) Africa CEO, Lubin Wang; Commercial Consul, Chinese Embassy in Lagos, Liu Jun Sheng; and top management executives of Stanbic IBTC. The opening of the Centre is another significant step towards improving ease of doing business between Nigeria and China,
read more…

Sterling Bank launches world first digital commodity market
Wed, 14 Nov 2018
Sterling Bank Plc yesterday set Nigeria on the global record with the launch of the worlds first fully digital, end-to-end blockchain-based commodity trading and financing platform.Developed in partnership with Binkabi and AFEX Commodities Exchange, the platform is expected to decentralise agricultural commodity trading in Nigeria and all emerging economies, helping to reduce intermediation in trade while distributing profit more widely across the value chain.Speaking at a press briefing yesterd
read more…

PENCOM sensitises on micro-pension
Wed, 14 Nov 2018
The National Pension Com-mission (PENCOM) has sensitised Nigerians on micro-pension, multi-fund structure, voluntary contribution and other issues under the Contributory Pension Scheme (CPS). The enlightenment was done at the just-concluded Lagos International Trade Fair.PenComs Head of Corporate Communications Peter Aghahowa said the pension clinic was used to clarify pension-related matters that bother workers and retirees.He said the pension clinic established at the Trade Fair was part of se
read more…

SEC, stakeholders review market situation
Wed, 14 Nov 2018
Regulators, operators and other stakeholders in the Nigerian capital market are scheduled to meet today to discuss key initiatives that could impact on the recovery and long-term growth of the market.The third meeting of the Capital Market Committee (CMC) in 2018 under the auspices of the Securities and Exchange Commission (SEC) is scheduled to hold today at the Federal Palace Hotel, Victoria Island, Lagos.At the meeting, the CMC will consider reports from many of its technical committees and re
read more…

Flourishing food business start-ups
Wed, 14 Nov 2018
From healthy food options to online order, convenience and home deliveries, young Nigerian entrepreneurs are experimenting with unique ideas to cater to the various taste-buds of people. Their success stories have given the country continental recognition. DANIEL ESSIET reports.Be it healthy salads, sandwiches, continental or home-cooked meals, online and mobile-only-food services, start-ups are increasingly developing an appetite for the countrys busy urban population.Food entrepreneurs have gr
read more…

Fed Govt advises NEMSA on meters, transformers
Wed, 14 Nov 2018
The Ministry of Power, Works and Housing yesterday directed the Nigeria Electricity Management Service Agency (NEMSA) to encourage the electricity distribution companies (DisCos) to provide innovative meters to their customers.It urged the DisCos to go beyond the former ways of providing meters, stressing that there must meters that meet the present day technical reality.The Permanent Secretary, Dr. Louis Edozein, who represented the Minister, Babatunde Fashola at the second NEMSA stakeholders f
read more…

NDIC saved N949b depositors funds Skye Bank
Wed, 14 Nov 2018
The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors funds in failed Skye Bank.Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City on Tuesday at the opening of a workshop for financial journalists organised by the NDIC.He said that the saving was achieved through the adoption of bridge bank option, adding that the corporation also saved over 6,000 jobs in 277 branches of the failed bank.The News Agency of Nigeria (NAN
read more…