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Today’s Punch Newspaper Headlines, Monday 7th January 2019

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Job loss: Stakeholders urge insurers to voluntarily recapitalise
Mon, 07 Jan 2019
Nike Popoola Insurance companies have been urged to voluntarily recapitalise and beef up their capacity to underwrite bigger risks. Some stakeholders, who spoke during an event in Lagos which was organised by NAIPCO, stated that this was imperative following the cancellation of the Tier Based Minimum Solvency Capital by the National Insurance Commission. According to
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Vacate Daily Trust offices, FG orders military
Mon, 07 Jan 2019
The Federal Government on Sunday night directed the military authorities to vacate all premises of the Daily Trust Newspapers in Abuja, Maiduguri and Lagos. The Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, posted the directive on his Twitter handle. He said: The Federal Government has directed the military to
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Why we invaded Daily Trust offices Nigerian Army
Mon, 07 Jan 2019
The Nigerian Army says it invaded the offices of Daily Trust Newspapers offices in Maiduguri and Abuja, to invite the organisations journalists responsible for the publication of a classified military operation plans. The army admitted invading the newspapers offices in a statement by its spokesman, Brig.-Gen. Sani Usman. Usman explained that the disclosure of such
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Season of endangered panties, clowning and madness
Mon, 07 Jan 2019
Tunde Odesola Progress froze in the womb of time. The sand in the hourglass congealed to arrest development. It was February 13, 1976 when the watch stopped ticking clockwise and began whining anti-clockwise. The mounting grime and grease gathered in the past 43 years have formed a cushiony bed of filth wherein maggots, bedbugs, worms,
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Aisha Buhari must explain what has happened to cabal Fayose
Mon, 07 Jan 2019
Abiodun Nejo, Ado Ekiti A former Governor of Ekiti State, Mr Ayodele Fayose, on Sunday queried President Muhammadu Buharis wife, Aisha, over what had happened to the cabal that she alleged had hijacked her husband and prevented him from performing in office. Fayose, who is the South-West coordinator of the Peoples Democratic Party Presidential Campaign
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PDP campaign council in Kogi alleges plan to embarrass Atiku
Mon, 07 Jan 2019
Friday Olokor, Abuja The Kogi State Presidential Campaign Council of the Peoples Democratic Party on Sunday said it had uncovered plans by agents of the state government to instigate a breakdown of order by harassing its presidential candidate, Alhaji Atiku Abubakar. The PDP-PCCO, therefore, said it was placing all Nigerians, especially the high commands of
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Fears over alleged plan to attack Ogun APC gov candidate
Mon, 07 Jan 2019
Tunji Bosun, Abeokuta The Dapo Biodun Campaign Organisation has raised the alarm over an alleged plan to attack the governorship candidate of the All Progressives Congress in Ogun State, Dapo Abiodun. The spokesman for Abiodun, Remmy Hazzan, raised the alarm in a statement made available to journalists on Sunday. Hazzan alleged that there was an
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Amosun takes Akinlade to Buhari
Mon, 07 Jan 2019
John Ameh, Abuja President Muhammadu Buhari and the Ogun State Governor, Mr Ibikunle Amosun, held another closed-door meeting in Abuja on Sunday. It was the fourth time Amosun would meet with Buhari at the Presidential Villa in the past few weeks. On December 24, 2018, the governor led the National Chairman of the Allied Peoples
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2019: Ogun West elders adopt Obasanjos favoured candidate
Mon, 07 Jan 2019
Tunji Bosun, Abeokuta The elders and stakeholders in the Ogun West Senatorial District in Ogun State have announced the favoured governorship candidate of former President Olusegun Obasanjo , Gboyega Isiaka, as their consensus candidate. Isiaka is a governorship candidate of the African Democratic Congress who is enjoying the backing of Obasanjo, ahead of the March
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Oyo ADC knocks Ladoja, accuses APC of conspiracy
Mon, 07 Jan 2019
David Olorunsogo, Ibadan The Oyo State chapter of the African Democratic Congress has condemned its former leader and former governor of the state, Rashidi Ladoja, for consistently attacking the party. In a statement by its state Public Relations Officer, Adedapo Ademola, on Sunday, the party claimed that it had before now avoided confrontation with Ladoja
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SDP presidential candidate promises devolution of power
Mon, 07 Jan 2019
Olalekan Adetayo, Abuja The presidential candidate of the Social Democratic Party, Jerry Gana, has promised to ensure the devolution of power if elected President. He said the present arrangement where federating units were relying on the Federal Government for resources was not good enough. Gana spoke in Abuja on Saturday during a programme tagged Presidential
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Ayades campaign billboards destroyed in Calabar
Mon, 07 Jan 2019
Ada Wodu, Calabar The campaign billboards of the Cross River State Governor, Prof. Ben Ayade, were among those destroyed by suspected political thugs in the state. The incident happened barely three days after the governorship candidate of the All Progressives Congress in the state, Senator John Owan-Enoh, warned against the destruction of his campaign billboards.
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Panic as Air Peace aircraft tyre bursts during take-off
Mon, 07 Jan 2019
Okechukwu Nnodim, Abuja there was panic at the Nnamdi Azikiwe International Airport, Abuja on Sunday evening when the tyre of an Air Peace aircraft blew off and made a loud sound while it was already taxiing for take-off on the runway. It was gathered that passengers on the aircraft, who were heading to Benin from
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Militants blow up Conoil facility in Bayelsa
Mon, 07 Jan 2019
Femi Asu and Samuel Nkemakolem A Niger Delta militant group, known as the Koluama Seven Brothers, has blown up a crude oil pipeline owned by Conoil in Bayelsa State. The group launched the bomb attack on the pipeline located at Koluama community in the Southern Ijaw Local Government Area of the state late on Friday.
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NIOB blames construction industrys poor performance on corruption
Mon, 07 Jan 2019
Maureen Ihua-Maduenyi The President, Nigerian Institute of Building, Mr Kenneth Nduka, says the poor contribution of the construction industry to the countrys Gross Domestic Product should be blamed on corruption. Nduka said the industrys performance in 2018 was poor when compared with the preceding years, despite its potential to create employment. There is corruption in
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Flight operations begin at Abuja airports new terminal
Mon, 07 Jan 2019
The newly inaugurated international terminal at the Nnamdi Azikiwe International Airport, Abuja, has officially been opened for operations as Asky Airlines began operations at the terminal on Sunday. Asky Airlines B737-700 aircraft with flight number ET-AVP, which landed at the airport at 3:30 pm from Lome in Togo, had 91 persons on board comprising 85
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Nigerias REDD+ strategy document gets validation
Mon, 07 Jan 2019
Maureen Ihua-Maduenyi The World Bank and Forest Carbon Partnership Facility are working on an initiative to help promote Nigerias REDD+ agenda. REDD+ stands for countries efforts to reduce emissions from deforestation and forest degradation, and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks. According to environmentalists, deforestation and forest degradation are
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Imported raw materials gulp N837bn in 11 months
Mon, 07 Jan 2019
Encouraged by the availability of forex, manufacturers have spent more on imported raw materials while reducing local sourcing in 2018, Anna Okon writes Local sourcing of raw materials has dropped significantly since the country emerged from recession and manufacturers could access foreign exchange. The Manufacturers Association of Nigeria confirmed this in its perspectives on the
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Using standing orders and direct debits
Mon, 07 Jan 2019
It may be not too surprising that customers get the terms muddled up, because standing orders and direct debits do broadly the same thing, even though they work very differently, according to www.financial-ombudsman.org.uk. It does not help, though, when bankers themselves sometimes describe them wrongly. Explanation Standing orders are customers instructions to their bank to
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2019: Mixed reactions surround real estate growth prospects
Mon, 07 Jan 2019
Maureen Ihua-Maduenyi Experts in the real estate industry are divided on how the industry will fare this year, considering certain economic indices that may determine its growth or lack of it. While some feel that there will be marginal growth, especially in the residential sub-sector, others see a bleak year for the industry. There are
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Exploring opportunities in forex
Mon, 07 Jan 2019
Feyisayo Popoola Investing and trading in foreign currency allows individuals to diversify portfolio risk. The most efficient means to introduce to your portfolio foreign exchange fluctuation risk is by trading forex on margin. Forex risk is, by definition, the fluctuation of value in one currency (the numerator base currency) versus another (the denominator quote currency).
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Five businesses that require small start-up capital
Mon, 07 Jan 2019
A major barrier to many thinking of starting their own business is the perception that start-up costs are prohibitively high. That doesnt have to be the case! Digital Marketing Skill Institute has put together lucrative business ideas in Nigeria with small start-up capital, as well as a rundown of some low-cost digital business ideas in
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LASG decries religious worship centres in residential areas
Mon, 07 Jan 2019
Maureen Ihua-Maduenyi The Lagos State Government has expressed worries over the rising number of religious worship centres in residential areas across the state. The Commissioner for the Environment, Mr Babatunde Durosinmi-Etti, said he had observed with dismay the proliferation of religious worship centres and nite clubs in various residential areas, especially on the Victoria Island
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Government can tackle security issues with geographical mapping Adeniyi
Mon, 07 Jan 2019
Maureen Ihua-Maduenyi The Chairman, Presidential Technical Committee on Land Reform, Prof. Peter Adeniyi, says government at all levels can tackle the security issues in the country with geospatial technology. Geospatial technology refers to modern tools for geographic mapping and analysis of the earth and human societies. According to Adeniyi, providing a good national security programme
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Allianz to partner Olympic on insurance for eight years
Mon, 07 Jan 2019
Nike Popoola Allianz Group has said it will collaborate with the International Olympic Committee on the Worldwide Olympic Partner programme in 2021. In a statement, it said through this sponsorship agreement, it will work with the IOC to provide innovative and integrated insurance solutions to support the Olympic movement, including the organising committees of the
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Well protest if IG remains in office after Jan 15 Opposition parties
Mon, 07 Jan 2019
Olusola Fabiyi, John Ameh andOlalekan Adetayo Abuja Opposition political parties on Sunday have resolved to begin nationwide protests from January 15 to force President Muhammadu Buhari to name a new Inspector-General of Police. The parties, on the platform of the Coalition of United Political Parties, hinged their decision on the claim that the current IG,
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Disquiet in APC over alleged Amaechis anti-Buhari comments
Mon, 07 Jan 2019
Kamarudeen Ogundele and Success Nwogu, Abuja There was disquiet in the ruling All Progressives Congress in Abuja on Sunday over an audio, where a former governor of Rivers State, Mr Rotimi Amaechi, allegedly criticised President Muhammadu Buhari. Amaechi is the director-general of the Presidential Campaign Council of the All Progressives Congress. The former governor, who
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INEC defends Zakari as southern, Middle Belt leaders, others demand her removal
Mon, 07 Jan 2019
Niyi Odebode, Kamarudeen Ogundele, Adelani Adepegba, Success Nwogu and Olaleye Aluko The Independent National Electoral Commission on Sunday allayed Nigerians fears over the appointment of a national commissioner, Amina Zakari, as the Chairman of the Committee on the National Collation Centre for the presidential election. The Chief Press Secretary to the INEC Chairman, Rotimi Oyekanmi,
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CCII wants Olubadan chieftaincy system reformed
Mon, 07 Jan 2019
Ademola Babalola, Ibadan The Central Council of Ibadan Indigenes has suggested reforms for the obaship and chieftaincy system in the city. This was contained in a statement jointly signed by the CCII President, Chief Yemi Soladoye; its Legal Adviser, Kunle Ishola; and the Publicity Secretary, Ademola Alabi, on Sunday. The body noted that Ibadanland operates
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Insecurity: Army budgets N6bn for ammunition in 2019
Mon, 07 Jan 2019
Olaleye Aluko, Abuja The Nigerian Army plans to spend over N6bn to purchase security equipment in 2019 to push its fight against the Boko Haram insurgents and other security operations. The N6bn plan is contained in the 2019 Executive Budget proposal presented by President Muhammadu Buhari to the National Assembly in December 2018. The N6bn
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Soldiers invade Daily Trust offices, arrest journalists
Mon, 07 Jan 2019
Adelani Adepegba and Olaleye Aluko Armed soldiers on Sunday invaded the Daily Trust headquarters in Jabi area of Abuja, taking away computers, laptops and other properties from the newsroom. It is not clear why they took the action but it was gathered the incident might not be unconnected with the lead story of Daily Trust
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Ebonyi not part of Biafra Gov Umahi
Mon, 07 Jan 2019
Edward Nnachi, Abakaliki Ebonyi state Governor, Engr. David Umahi, on Sunday said Ebonyi state was not part of the states that formed the Sovereign States of Biafra, which had been proclaimed by the Indigenous People of Biafra. Umahi, who also serves as Chairman of the South East Governors Forum, however said some of the agitations
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Delta explains why it introduced Smart Money for traders
Mon, 07 Jan 2019
Delta State Government has said the introduction of Smart Money for petty traders is in line with the states commitment to lending to micro, small and medium enterprises. According to a statement signed by the state Commissioner for Information, Chief Patrick Ukah, in Asaba on Sunday, market women and men have benefited from the Delta
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Adamawa communal violence: Army hands over 71 suspects to police
Mon, 07 Jan 2019
Hindi Livinus, Yola The Brigade Commander, 23 Armoured Brigade, Brig. Gen. Bello Mohammed, has handed over 71 persons arrested in connection with the conflict between the Waja and Luguda communities in Lamurde and Guyuk Local Government Areas of Adamawa State to the state Police Command for further investigations. Bello said the arrests were made after
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Minimum wage: NLC meets FG again, says pensioners not excluded
Mon, 07 Jan 2019
Olufemi Atoyebi, Abuja The Nigeria Labour Congress has said the plight of pensioners has not been ignored in the negotiation on new minimum wage between the union and the Federal Government. The Federal Governments delegation will meet the leaders of labour unions on Monday (today) at the Ministry of Labour and Employment, with the Minister
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Group faults Jimi Agbaje over comment on Lagos HoS
Mon, 07 Jan 2019
Samson Folarin A group, Ibile Progressive Youths, has berated the governorship candidate of the Peoples Democratic Party in Lagos State, Jimi Agbaje, for questioning the appointment of Hakeem Muri-Okunola as the new Head of Service of the state. Agbaje had alleged that no fewer than 21 permanent secretaries were forcefully retired to ensure that 46-year-old
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EFCC dominates NJCs list of concluded corruption cases
Mon, 07 Jan 2019
Ade Adesomoju, Abuja The Economic and Financial Crimes Commission is far more prominent than any other prosecuting agency on the list of concluded financial crimes and corruption cases compiled by the National Judicial Councils Corruption and Financial Cases Trial Monitoring Committee. The PUNCH in December 2018 obtained the list from the NJC following a request
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MOSOP alleges plan to divert Ogoni clean-up funds
Mon, 07 Jan 2019
Chukwudi Akasike and Sampson Itode, Port Harcourt The newly sworn in factional President of the Movement for the Survival of Ogoni People, Fegalo Nsuke, has accused the Hydrocarbon Pollution Remediation Project and the Federal Ministry of Environment of planning to divert the funds meant for the clean-up of Ogoniland for the 2019 general elections. This
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Fayemi pays ex-political appointees
Mon, 07 Jan 2019
Abiodun Nejo, Ado Ekiti Ekiti State Deputy Governor, Otunba Bisi Egbeyemi, said on Sunday that the Dr Kayode Fayemi administration had begun payment of severance allowances to former political office holders. Egbeyemi said that in addition to prompt payment of salaries since it assumed office in October last year, the administration had also paid one
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Lagos to clamp down on illegal traders on rail lines
Mon, 07 Jan 2019
Etim Ekpimah The Lagos State Government has ordered a clampdown on traders along rail lines, saying that the measure is to prevent death among the traders. It was learnt that trading on the rail lines had led to the death of many Nigerians, particularly those who were not fast enough to leave the lines for
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Attorney general faults police over AKHA clerk, cashiers arrest
Mon, 07 Jan 2019
Patrick Odey, Uyo The Akwa Ibom State Attorney General and Commissioner for Justice, Uwemedimo Nwoko, has faulted the state Police Command over the arrest of the Clerk and Cashier of the Akwa Ibom State House of Assembly. Nwoko, who was speaking as a guest on a programme of Inspiration FM, Uyo, which was monitored by
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Osinbajo in closed-door meeting with Awujale
Mon, 07 Jan 2019
Tunji Bosun, Abeokuta Vice President Yemi Osinbajo on Sunday held a closed-door meeting with the Awujale and paramount ruler of Ijebuland, Oba Sikiru Adetona, at his residence on GRA, Ijebu Ode. The meeting which commenced a few minutes after Prof. Osinbajo arrived Ijebu Ode around 3.35pm, ended few minutes after 6pm. The journalists who had
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INEC takes fresh delivery of 25,777 PVCs in Plateau
Mon, 07 Jan 2019
James Abraham, Jos The Independent National Electoral Commission in Plateau State said it had taken a fresh delivery of 25,777 Permanent Voter Cards , bringing the total number of unclaimed PVCs in the state to 334,707. INEC Head of Voter Education in the state, Mr Osaretin Imahiyerobo, disclosed this in a statement in Jos on
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Ambode attributes achievements to divine favour
Mon, 07 Jan 2019
Samson Folarin The Governor of Lagos State, Mr Akinwunmi Ambode, has attributed the achievements of his administration in 2018 to divine favour and grace, saying there is the need for residents to show gratitude to God. Ambode, while speaking at the Annual Thanksgiving Service of the state government at the Lagos House, Alausa, Ikeja, on
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Police arrest 16 over Niger communal crisis
Mon, 07 Jan 2019
Enyioha Opara, Minna Sixteen persons have been arrested in connection with the December 6, 2018, communal crisis that engulfed the Gaba and Anfani communities in the Lavun Local Government Area of Niger State. Eight persons were killed while scores of others were injured during the crisis. The suspects in police custody include Mohammed Mohammed (33);
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Ndoma-Egba debunks allegation
Mon, 07 Jan 2019
Ada Wodu, Calabar A former Senate leader and Chairman of Niger Delta Development Commission Board, Victor Ndoma-Egba, has debunked the claim that President Muhammadu Buhari asked him to run for the Senate to become the Senate President. He made the denial in Calabar during interaction with journalists on Saturday on his campaign for election to
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Expose errant electricity contractors, SERAP tells FG
Mon, 07 Jan 2019
Oladimeji Ramon Anti-corruption group, Socio-Economic Rights and Accountability Project, has asked the Federal Government to publish the names of contractors in the power sector who allegedly received money but failed to execute awarded projects. The group said its demand followed a claim by former Vice-President Atiku Abubakar that some contractors, who were awarded electricity contracts,
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Ekiti Peace Corps
Mon, 07 Jan 2019
Abiodun Nejo, Ado Ekiti The commander of the Ekiti State Government-owned security outfit, Ekiti State Peace Corps, Dele Owoju, has disclosed plan by the state government to train 800 operatives of the outfit across the 16 council areas of the state to assist the police in securing the state. Owoju said the Peace Corps would
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Agency to destroy unapproved posters in Ondo
Mon, 07 Jan 2019
Peter Dada, Akure The Ondo State Signage and Advertisement Agency said it would begin to destroy posters of candidates of political parties which were pasted without the approval of the agency. The agency said its action had nothing to do with political parties and it was not intended to witch-hunt any party or candidate but
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