Today’s Punch Newspaper Headlines, Monday 17th December 2018

Today’s New Telegraph Newspaper Headlines, Monday 17th December 2018

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Resign since you cant fix economy, Atiku tells Buhari
Mon, 17 Dec 2018

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

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has called on President Muhammadu Buhari to resign for admitting on Friday that the nation’s economy was in bad shape.

Buhari reportedly made the confession during his meeting with the 36 governors at the Presidential Villa, Abuja, on Friday.
In a statement by his Special Assistant on Public Communication, Mr Phrank Shaibu, on Sunday, Atiku said the President’s confession that the economy was in bad shape was not only a ploy to attract the sympathy of Nigerians but also aimed at getting a soft landing.

He said, “The result, of course, is his confession of failure on the eve of our general elections in the hope that millions of Nigerians, whom he has condemned to poverty and hardship, will give him a clap for failing abysmally.

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“I dare say that President Buhari has miscalculated badly on this matter because Nigerians are simply fed up with him.

“The economy has collapsed under his watch and he has by this frank remark admitted that he has no idea on how to fix it and that is why he summoned the governors to help him.

“This is really very sad because President Buhari has run out of time and what Nigerians need now is leadership which has the political will, administrative experience and sound economic acumen to get Nigeria working again.”

The former Vice-President expressed his disappointment that Buhari had continued to blame the PDP for the country’s bad economy, saying the President had reportedly confirmed that he was incapable of fixing the economy.

Atiku said Buhari should step down from his position since the economy was in bad shape.

He said Buhari’s admission had confirmed the British multinational bank HSBC’s prediction that re-electing him in 2019 could plunge Nigeria into a deeper economic hardship.

Atiku said, “Unless those in charge of the APC and the party’s supporters are, as usual, suffering from some form of self-delusion, it just does not make any sense for them to say that the All Progressives Congress’ Federal Government has brought succour to ordinary Nigerians when President Buhari himself has admitted to the governors that the economy has gone beyond his control.

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Boycott Buharis budget presentation, CUPP, PDP tell lawmakers
Mon, 17 Dec 2018
Olusola Fabiyi and Leke Baiyewu, Abuja The Coalition of United Political Parties and the Peoples Democratic Party on Sunday called on the leadership and members of the National Assembly to boycott Wednesdays presentation of the 2019 budget by President Muhammadu Buhari. CUPP, in a statement by its national spokesperson, Ikenga Ugochinyere, said the lawmakers should
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Weve dealt mortal damage to Boko Haram Military
Mon, 17 Dec 2018
Kayode Idowu, Maiduguri The Nigerian military has said it had dealt a mortal damage to the Boko Haram insurgents in the latest attack on Gudumbali. The insurgents who had always gained upper hand in the battle of Gudumbali in the past, according to a military source, met their Waterloo when they invaded the town on
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Maku condemns attack on journalists in Nasarawa
Mon, 17 Dec 2018
The National Secretary of the All Progressives Grand Alliance, Mr Labaran Maku, on Sunday condemned the attack on two journalists in Nasarawa State. The News Agency of Nigeria reports that the journalists were attacked on Friday by the Nigeria Security and Civil Defence Corps personnel attached to the Pension Bureau office. The journalists were attacked
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Varsity threatens to drag erring contractors to EFCC
Mon, 17 Dec 2018
Abiodun Nejo, Ado Ekiti The Governing Council Chairman, Federal University, Oye-Ekiti, Prof. Tunde Samuel, has warned contractors handling various projects in the institution against taking the university for granted by playing pranks and executing shoddy jobs. Samuel said, President Muhammadu Buhari has zero-tolerance for corruption, so any contractor that attempts to take us for a
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Ogun designs policy to tackle illiteracy
Mon, 17 Dec 2018
The Ogun State Commissioner for Education, Science and Technology, Mrs. Modupe Mujota, says the state has developed a policy which would ensure that all youths and adults achieve literary and proficiency by 2030. In addition, she said the state intended to empower adults and youths to be relevant in meeting the challenges of their immediate
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Ex-militants write Buhari on Zabazaba Deepwater project
Mon, 17 Dec 2018
Chukwudi Akasike and Samuel Nkemakolem Niger Delta ex-militants have again written an open letter to President Muhammadu Buhari urging him to sign the Final Investment Decision for the Zabazaba Deepwater before the 2019 general elections. The project being developed by the Nigerian Agip Oil Company has a reserve of 560 million barrels of oil as
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Oyo presents C of O
Mon, 17 Dec 2018
Ademola Babalola, Ibadan Governor Abiola Ajimobi of Oyo State will on Monday present Certificates of Occupancy to the beneficiaries of the states Home Owners Charter programme. According to the Commissioner for Lands, Housing and Survey, Mr Isaac Omodewu, any C of O obtained under the Home Owners Charter programme is as valid as the one
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Electoral Act: TMG slams Buhari
Mon, 17 Dec 2018
Friday Olokor, Abuja Over 400 civil rights organisations, under the aegis of Transition Monitoring Group, on Sunday criticised President Muhammadu Buhari for not signing the Electoral Act 2018. The groups also described the Presidents action as a bad signal for the electoral process as Nigeria prepares for the 2019 general elections. A statement by TMGs
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APC, PDP, SDP disagree over Ajimobis successor
Mon, 17 Dec 2018
Ademola Babalola, Ibadan Three major parties for the 2019 Oyo State governorship election are locked in a bitter war of words over Governor Abiola Ajimobis successor. They are the ruling All Progressives Congress, the Peoples Democratic Party and the Social Democratic Party. Mr Bayo Adelabu is the candidate of the APC for the poll, Seyi
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Air Force partners UI on weapons, ICT
Mon, 17 Dec 2018
Ademola Babalola, Ibadan The Nigeria Air Force is collaborating with the University of Ibadan to manufacture weapons. At a meeting with the management of the university, the Chief of Standards and Evaluation, NAF Headquarters, Air Vice-Marshal John Baba, said the air force was ready to ensure the success of the Memorandum of Understanding recently signed
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Delayed campaigns: Buhari plotting to rig polls, says PDP
Mon, 17 Dec 2018
Success Nwogu, Abuja The Peoples Democratic Party on Sunday said President Muhammadu Buhari was only interested in rigging the 2019 presidential election. It said Buhari had failed to constitute his campaign council or develop a clear cut campaign blueprint, 61 days to the presidential election scheduled for February 2019. This, the party said, was an
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Ex-Niger governor, Aliyu, says Atiku will defeat Buhari
Mon, 17 Dec 2018
Godwin Isenyo, Kaduna A former Niger State Governor, Alhaji Babangida Aliyu, on Sunday said the Peoples Democratic Partys presidential candidate, Alhaji Atiku Abubakar, stood a good chance of defeating President Muhammadu Buhari of the All Progressives Congress in the 2019 election. He however said his prediction could only come to pass if security agencies and
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Fashola accuses opposition members of dividing Nigeria
Mon, 17 Dec 2018
Okechukwu Nnodim, Abuja The Minister of Power, Works and Housing, Babatunde Fashola, has accused members of the opposition of dividing Nigeria. According to a statement on Sunday by his Special Adviser on Communications, Hakeem Bello, the minister made the allegation while inspecting the Loko-Oweto Bridge and a road that connects Nasarawa and Benue states. Fashola
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Five LASSAA officials detained for destroying my billboards Agbaje
Mon, 17 Dec 2018
Jesusegun Alagbe The Peoples Democratic Party governorship candidate in Lagos State, Mr Jimi Agbaje, has said that five officials of the Lagos State Signage and Advertisement Agency are in police detention for destroying his campaign boards. Agbaje said this on Sunday after residents of the Pedro area of the state reportedly caught five LASSAA officials
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Access close to acquiring Diamond Bank
Mon, 17 Dec 2018
Nike Popoola There are indications that Access Bank Group is close to acquiring Diamond Bank Plc, The PUNCH has learnt. A senior official of Access Bank, who spoke on condition of anonymity because he was not authorised to speak to the media on the deal, told our correspondent on Sunday that the banks were still
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Non-oil exporters still neglecting opportunities offered by AGOA NACC
Mon, 17 Dec 2018
Anna Okon The Nigerian-American Chamber of Commerce has said that Nigerian non-oil exporters are still not exporting to the United States of America under the American trade and development law-the African Growth and Opportunity Act. The Chairman, NACC, Dr Oba Otudeko, made this remark at the annual dinner and inauguration of a new president, which
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Top 10 most lucrative businesses in Nigeria
Mon, 17 Dec 2018
Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into. Here is a list of top 10 most lucrative businesses in Nigeria from wealthresult.com. You may wish to consider some Agriculture This is the next revolutionary industry in Nigeria where millionaires are
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Ways to prevent your bank account from hackers
Mon, 17 Dec 2018
There are many obvious reasons that emphasise the need to secure bank accounts. The primary one is the fact that, the bank accounts are the place where our money resides. It actually deals with the real money and we cannot take any chance of risks when the point of our income is considered, according to
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Govt records N3tn revenue shortfall in nine months
Mon, 17 Dec 2018
The Federal Government recorded a revenue shortfall of N3.04tn from January to September this year, Ifeanyi Onuba reports From January to September this year, the Federal Government generated a total amount of N6.93tn as revenue from oil and non-oil sources. The N6.93tn revenue was arrived at based on the analysis of data obtained from the
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Policies: NAICOM threatened with legal actions
Mon, 17 Dec 2018
Nike Popoola A few weeks after the National Insurance Commission was forced to cancel its Tier Based Solvency Capital recapitalisation after some shareholders dragged it to court, the regulator is facing another legal threat for introducing the State Insurance Producers programme. On November 20, the National Insurance Commission released the operational guideline to commence the
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Running a taxi business successfully

Mon, 17 Dec 2018
Feyisayo Popoola The transportation sector in the country plays a key role in the movement of people and goods from one place to another. Road network plays a critical role in domestic transport and international trade, although the bulk of its network remains in poor condition and unpaved, a challenge exacerbated by rising traffic volumes.
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Contributors to National Housing Fund increase by 224,752
Mon, 17 Dec 2018
Okechukwu Nnodim, Abuja The number of contributors to the National Housing Fund has increased by 224,752, the Federal Mortgage Bank of Nigeria announced on Sunday. FMBNs Managing Director, Ahmed Dangiwa, disclosed this in a presentation he made to the Senate Committee on Housing on the key achievements of the bank in the last one year.
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Unity Bank, NACCIMA introduce co-branded debit card for business
Mon, 17 Dec 2018
Nike Popoola Unity Bank and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture have launched a co-branded debit card aimed at promoting businesses that cut across various sectors of the Nigerian economy. The prepaid debit ID card would be an operational business tool and has an array of value-added services such as
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FG set to crack down on illegal use of frequency
Mon, 17 Dec 2018
Everest Amaefule, Abuja The Federal Government is set to crack down on illegal use of frequency across the country. Minister of Communications, Mr Adebayo Shittu, announced the preparedness of the government at the inauguration of Mobile Radio Frequency Monitoring Equipment in Abuja on Friday. At the event, Shittu warned all users of frequencies including Ministries,
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Real estate can create additional source of income Oladipupo
Mon, 17 Dec 2018
Dayo Ojerinde The Chief Executive Officer of Life Page Group, Mr Oladipupo Clement, has said that the real estate industry can create an additional source of income for those who are looking for a side hustle, as well as jobs for the teeming unemployed populace. Clement on Saturday on the sidelines of the Nigerian Real
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Yuletide: Stock market sell-off worsens
Mon, 17 Dec 2018
Feyisayo Popoola Investors in the nations stock market have continued to sell off their holdings as Yuletide approaches. The sell-off in the market strengthened last week as reflected by the dip in the index, which declined from 30,718.72 basis points on Tuesday to its lowest point during the week at 30,568.05 bps on Thursday. The
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Failed MFBs: NDIC begins payment of depositors
Mon, 17 Dec 2018
Ade Adesomoju, Abuja The Nigeria Deposit Insurance Corporation said it had started paying depositors of 25 out of the total 153 microfinance banks and six primary mortgage banks whose banking licences were recently revoked by the Central Bank of Nigeria. The Managing Director and Chief Executive Officer, NDIC, Alhaji Umaru Ibrahim, said the closure of
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Stop demolition of Badia, group tells LASG
Mon, 17 Dec 2018
Maureen Ihua-Maduenyi A non-governmental organisation, Spaces for Change, has called on the Lagos State government and the Nigeria Police Force, to stop the persistent attacks and demolition of Badia-East in Apapa Local Government Area of the state. The group also demanded the release of the people who were arrested during one of the demolitions last
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Zenith Bank promotes social activities
Mon, 17 Dec 2018
Nike Popoola Zenith Bank Plc has said it is set to promote social activities and entertainment during in the forthcoming festive season with the launch of its Style by Zenith programme. The bank, in a statement, described the programme as a flagship lifestyle, beauty, fashion, accessories and entertainment fair. According to the statement, the programme
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Buhari creating wealth through infrastructural renewal Fashola
Mon, 17 Dec 2018
Femi Asu The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said President Muhammadu Buhari is creating wealth and securing the future of Nigeria as well as building a solid foundation for employment and prosperity by investing in infrastructure renewal. Fashola described infrastructure as the foundation for national prosperity and unity and the
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Insurance industrys gross premium hits N315bn in Q3
Mon, 17 Dec 2018
Nike Popoola Nigerias insurance industrys gross premium rose by 22 per cent to N315bn in the third quarter of 2018, from N258bn in the corresponding period of 2017. The Commissioner for Insurance, Alhaji Mohammed Kari, who disclosed this, said the gross claims figure rose by 30 per cent to N143bn in the period under review
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Shehuri, other stakeholders set for world of asphalt 2019
Mon, 17 Dec 2018
Maureen Ihua-Maduenyi The Minister of State for Power, Works and Housing, Mustapha Shehuri, will lead a team of representatives from the ministry, the Federal Roads Maintenance Agency and other related government agencies to the World of Asphalt 2019, the organisers have said. The World of Asphalt Show and Conference is a conference and exhibition resource
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Developer partners firms on real estate trust consortium
Mon, 17 Dec 2018
Maureen Ihua-Maduenyi A lifestyle and real estate solutions company, Desarrollar Limited, has partnered other investors to improve real estate services and solutions. The partnership, which has Union Trustees Limited, First Bank Trustees Limited, Banwo & Ighodalo and The Lodt Legal Partners, is expected to unveil the countrys most secure and institutionalised real estate trust consortium
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Don laments wrong use of land in Nigeria
Mon, 17 Dec 2018
Peter Dada, Akure A professor of agriculture at the Federal University of Technology, Akure, Ondo State, Adegboyega Oguntade, has called for proper land use planning policy to enhance agricultural production in all states of federation in Nigeria. He lamented that all the lands that were supposed to be used for agriculture had been used to
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Pizza Hut to open three outlets in Nigeria
Mon, 17 Dec 2018
Pizza Hut, a division of Yum! brands, has announced the opening of its first restaurant in Nigeria, with two more expected by the end of the year. We are thrilled to bring Pizza Hut to Nigeria as we continue our African expansion. This is our 14th country launch in sub-Saharan Africa in the past four
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Empty houses developers didnt consider market needs ESVARBON
Mon, 17 Dec 2018
Okechukwu Nnodim, Abuja The reason for the massive number of empty houses across the country despite the huge deficit in the housing sector is because most developers of the properties failed to consider market demands, the Estate Surveyors and Valuers Registration Board of Nigeria has said. According to ESVARBON, there are so many unoccupied completed
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WiSolar unveils power solutions for homes, businesses
Mon, 17 Dec 2018
Femi Asu WiSolar, a Nigerian renewable energy company with South African roots, has said homes and businesses in Nigeria can now take advantage of new cutting-edge power solutions the company provides. The company said in a statement that its new range of smart inverters and solar electricity remote monitoring devices were designed for business-to-consumer, business-to-business,
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Stakeholders berate FG over unpaid claims of deceased workers
Mon, 17 Dec 2018
Nike Popoola Some stakeholders and operators in the insurance industry have decried the plight of relatives of deceased workers who are unable to get death benefits of their dead breadwinners because the Federal Government did not pay the insurance premium. They berated the government for always delaying in paying the premium, even when the law
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Lack of investment in mapping hindering Nigeria growth Experts
Mon, 17 Dec 2018
Maureen Ihua-Maduenyi For Nigerias economy to develop properly, the federal and state governments must invest more in surveying and mapping, the immediate past Surveyor-General of the Federation, Prof Peter Nwilo, has said. Nwilo, who described surveying and mapping as the bedrock of economic prosperity, said its bane had been lack of interest by the government.
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Mortgage transactions on the increase, says Trustbond
Mon, 17 Dec 2018
Maureen Ihua-Maduenyi The Chairman, Trustbond Mortgage Bank Plc, Mr Etigwe Uwa, has said that despite the challenges in the economy, mortgage transactions are on the increase. He said the mortgage industry recorded significant growth in 2017 and that the outlook for 2018 remained positive. Uwa, who spoke at the companys Annual General Meeting in Lagos,
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N13.4m ransom lands kidnap gang member in police net in Niger
Mon, 17 Dec 2018
Enyioha Opara, Minna The Niger State Police Command has arrested a suspected member of a kidnap gang, which abducted Abubakar Umar of Auna Magma Local Government Area of the state. The suspect, Muktar Abubakar (24), a native of Auna Magma LGA, was arrested by police detectives attached to the Kontagora Area Command following a tip-off.
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N800bn subsidy debt: Senate committee meets Buhari, blames payment delay on bureaucracy
Mon, 17 Dec 2018
John Ameh, Abuja Government bureaucracy, especially in the Ministry of Finance, has been blamed for the non-payment of the N800bn owed oil marketers by the Federal Government. The money, which accrued from subsidy on imported petroleum products, was the reason the Depot and Petroleum Products Marketers Association of Nigeria nearly made good its threat to
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Katsina villagers confront cattle rustlers, lynch three
Mon, 17 Dec 2018
Laide Oyelude, Katsina Residents of Dallawa Mahuta village in the Dandume Local Government Area of Katsina State have confronted a gang of suspected cattle rustlers/kidnappers, killing three of them in the process. Armed with AK-47 rifles, the 12-man gang was said to have swooped on the village and shot one Aminu Maharazu, but the villagers
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Truck loaded with cows kills three, injures 24 persons in Kebbi
Mon, 17 Dec 2018
Three persons lost their lives, while 24 others were hospitalised in an accident involving a truck loaded with cows along the Kalgo-Jega Road in Kebbi State. The News Agency of Nigeria reported that the loaded truck was heading to Lagos from Birnin Kebbi, when the accident occurred on Saturday afternoon. An eyewitness, Saidu Ibrahim, told
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Niger motorcyclist held for abducting three-year-old
Mon, 17 Dec 2018
Enyioha Opara, Minna A 40-year-old motorcyclist, Salisu Abdullahi, has been arrested by the police in Niger State for allegedly abducting a three-year-old girl at Dutesen-Kura Gwari in Minna, the state capital. It was learnt that the victims mother had on December 6, 2018, asked the suspect to convey her and her daughter to the Police
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SSANU declares three-day nationwide protest
Mon, 17 Dec 2018
Tobi Aworinde, Abuja The Senior Staff Association of Nigeria Universities has resolved to commence a three-day nationwide protest on Monday (today) over the alleged refusal of the Federal Government to obey a court judgment on staff schools and to honour agreements on earned allowance. SSANU, in a statement by its National President, Mr Samson Ugwoke,
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