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Ogun police kill five suspected kidnappers, rescue victim

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Men of the Ogun State Police Command engaged in a gun duel with about eight gunmen allegedly responsible for the kidnapping of Tunde Osifowokan, the farm manager of Flourishing Poultry Farm in Idowa, Odogbolu Local Government Area, killing five of them.

According Metro reported that masked gunmen stormed the poultry farm on Monday, shooting sporadically, after which they abducted Osifowokan, said to be the younger brother of the farm’s owner.

The hoodlums demanded the whereabouts of the farm owner, after which his younger brother stated that the owner was not present. Realising that the young man was the brother of their target, the kidnappers whisked him away amidst heavy gunfire.

The state Commissioner of Police, Abiodun Alamutu, stated on Thursday that the police had been on the trail of the armed gang since the incident was reported.

Alamutu said, “At about 4am on Thursday, our Anti-Kidnapping Unit stormed the kidnappers’ hideout at Odogbolu forest on the Sagamu-Benin Expressway.

“The kidnappers engaged the squad in a fierce gun battle during which five of them, out of about eight, were neutralised while the rest escaped with bullet wounds.

“Exhibits recovered from the dead among the kidnappers are cash sum of N1,185,070 suspected to be part of the ransom the kidnappers had collected.

“Other exhibits are one sword, cellphones, substances suspected to be hard drugs, charms, empty shells of AK47 riffle and sticks.”

Alamutu also confirmed that the victim, Osifowokan, was rescued unhurt.

The corpses of the kidnappers were deposited at the morgue of a General Hospital for autopsy.

The CP stated that the command has intensified efforts to apprehend all the fleeing suspects, warning that criminals intent on testing the strong resolve of the police in the state will face consequences.

PDP garners N259m from Ondo gov aspirants, adopts indirect

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The Peoples Democratic Party has amassed N259m from the sale of Nomination and Expression of Interest forms to seven governorship aspirants in Ondo State.

The Ondo State governorship election comes up on November 16, 2024.

The PDP opened the sale of forms on March 7 and, according to its timetable or schedule of activities, the sale of forms ended on Thursday, March 21.

The aspirants, who bought the forms,  are expected to fill and submit them on or before March 25.

The PDP sold its Nomination Form for N30m;  Expression of Interest Form, N5m, Party Bebranding Fee, N1m and Secretariat Charges, N1m.

However, the party made the Expression of Interest Form free for female aspirants and those with disabilities.

According to the party’s timetable or schedule of activities ahead of the election, the PDP will on April 25, 2024, hold a congress where its governorship candidate will emerge.

The party said its governorship candidate would be picked through the indirect mode of primary.

As of Thursday afternoon, our correspondent’s investigation revealed that seven aspirants had purchased N35m forms and paid the N2m charges at the PDP national headquarters, Wadata Plaza, Abuja.

The aspirants, who have purchased the forms, are a former Ondo State Deputy Governor, Agboola Ajayi; a former commissioner and chieftain of Afenifere, Olusola Ebiseni; Akinwumi Adeolu, Otunba Bamidele Akingboye,  Kolade Akinjo, Bosun Arebuwa and John Mafo, a lawyer.

The According exclusively learned that the PDP opted for the indirect primary method to choose its candidate for the Ondo State governorship.

A senior member of the PDP National Working Committee, speaking anonymously with our correspondent, stated, “The PDP’s Ondo State ticket is accessible to all. The NWC has not been informed of any consensus, and we have endorsed delegates and three ad hoc arrangements for an indirect primary.

“It implies that members will elect delegates at ward and local government levels. These delegates will subsequently choose the party’s candidate through an indirect primary.”

In the meantime, two governorship aspirants in Ondo State, Bosun Arebuwa and Kolade Akinjo, have advised fellow aspirants not to perceive securing the party’s ticket as a matter of life and death.

They emphasised that the objective was to rescue the people from the alleged mismanagement of the ruling All Progressives Congress.

Arebuwa and Akinjo addressed reporters in Abuja shortly after acquiring their forms at the PDP secretariat.

Arebuwa said, “In PDP, we have learnt our lessons and we are united; I can assure you that we are united. And it’s only a fool that will be passing through what we are passing through and not be united against their enemies.

“I have always been in support of any candidate in the PDP. Getting the ticket or not getting it does not stop me from supporting.  It’s not a do-or-die affair. I am not desperate, but I am ready to serve our people; that’s my own.  So, our goal is to win and restore Ondo State to the PDP.

“It is not about me. That’s why you don’t see my posters everywhere. It’s about our people and our party.”

On his part, Akinjo said, “This fulfills my aspiration to participate in the PDP primaries to become its gubernatorial candidate. There is a time for everything, and now is the time for this specific ambition.

 “Our aim is to provide an alternative to the mismanagement currently affecting every corner of that specific state. An alternative to their belief that providing water to the people is impossible, an alternative to their notion that promoting free education is unattainable, and an alternative to their corrupt practices. I represent an alternative to all the things they are incapable of accomplishing in Ondo State.

“The goal of my ambition is to restore good governance in Ondo State, to reintroduce transparency, and to ensure a significantly improved quality of life for our people.”

Reps warned against criticising cement manufacturers

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The Centre for the Promotion of Private Enterprise has said that it is concerned about the recent remarks on the floor of the House of Representatives on cement prices, which portrayed cement manufacturers in a bad light.

A statement signed by the CPPE CEO, Muda Yusuf, said most of the remarks at the session were capable of inciting the public against the cement manufacturers and putting their huge investments at risk.

It added that it was more troubling that the members had not listened to the manufacturers before rushing to judgment and castigating the manufacturers.

The statement read in part, “Members alleged that the manufacturers were exploitative as they engaged in arbitrary fixing of cement price. Some members even described the manufacturers as unpatriotic.

“These were narratives on the floor of the house which we consider to be most unfair to investors in the cement sector, especially when the perspectives of the cement manufacturers had not been heard by the members of the house.”

According to the CPPE, cement manufacturers were disparaged, denigrated and portrayed as deliberately inflicting pain on the Nigerians by arbitrarily increasing the price of cement.

The centre, which described the comments as unfair, said such weighty allegations should be premised on painstaking study, empirical facts and evidence.

It further stated that such commentaries represented negative signalling for an economy seeking to industrialise, attract investors and create jobs.

The CPPE noted that the principles of fairness demand that the cement manufacturers be allowed to tell their own stories before members could come to a fair conclusion and judgement.

It added, “But regrettably, they have been judged publicly, before giving them the opportunity to present their own side of the story.  We believe this is a breach of the norms and standards of fairness and equity.

“The business of manufacturing is perhaps the most challenging enterprise in the contemporary Nigerian economy.  Many foreign firms in that space have either exited the country or downsized their operations.”

Naira appreciates to N1,382/dollar, Presidency cautions speculators

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The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market.

This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt.

The naira gain came a day after the local currency recorded major gains at both the official and parallel foreign exchange markets. It closed at the black market at N1,400/dollar on Wednesday.

The summary of the FX trading auction revealed that naira appreciated by 1.3 percent following increased dollar supply at the Nigerian Autonomous Foreign Exchange Market, according to data from the FMDQ Securities Exchange Limited.

The intraday high closed at N1,598 per dollar on Thursday, stronger than N1,620 it closed at on Wednesday. Also, the intraday low strengthened to N1,300/$ on the same day, stronger than N1,350/$1 closed at on the previous day.

The dollar supplied by FX market players increased to $288.47, an increase of $2 or 7.46 percent from $268.29 million recorded on Wednesdat from $195.13 million at NAFEM.

In the recent weeks, the naira has gained N500 against the  dollar from it record low this year at the unofficial market, as the CBN builds confidence in  FX market.

The Central Bank of Nigeria declared on Wednesday that it has successfully resolved all valid foreign exchange backlogs, as pledged by Governor Olayemi Cardoso, addressing inherited claims amounting to $7bn.

Hakama Sidi Ali, CBN’s acting director of corporate communications, conveyed this information in a statement sent via mail. She stated that the CBN finalised the payment of $1.5 billion to settle obligations to bank customers, thereby clearing the remaining balance of the FX backlog.

Cardoso emphasised the priority of clearing the FX backlog to enhance credibility and confidence in the Nigerian economy.

The strain on the naira/dollar exchange rate is gradually diminishing, with Nigeria’s external reserves showing sustained growth over the past month.

According to data from the CBN, foreign currency reserves rose by 3.62 percent to $34.37 billion as of March 12, 2024, compared to $33.17 billion recorded at the beginning of February 2024.

Additionally, the CBN reported a significant surge in Diaspora remittances, which skyrocketed by 433 percent to $1.3 billion in February, compared to $300 million in January

Meanwhile, the Special Adviser on Information and Strategy, Bayo Onanuga, has cautioned currency traders speculating on foreign exchange to sell their dollar holdings, stating that the naira is expected to increase in value soon.

He advised speculators to sell off their dollars to prevent potential losses swiftly.

Onanuga said, “With backlog FX settled, Naira is set to appreciate further, faster. Currency speculators should quickly dump their stock of dollars to avoid sorrows and tears.

On Wednesday, the naira closed trading at 1,410/dollar at the parallel market and N1,492 at the official Nigerian Autonomous Foreign Exchange Market, according to data compiled from the FMDQ Securities Exchange.

The gain recorded by the naira at the official market represents an appreciation of N68 or 4.5 per cent, from the N1,560/$1 recorded on Tuesday at NAFEM, and a gain of 13.5 per cent or N190 at the parallel market.

The naira has been gaining lately as speculators begin to dump their dollar stocks, following waning demand by prospective buyers amid CBN clampdowns.

A string of circulars by the Central Bank of Nigeria in recent weeks and months have helped to plug leakages and blocked loopholes previously explored by currency speculators and racketeers.

Also, the recent clampdowns on the activities of illegal BDC operators in Lagos, Abuja and Kano by the operatives of the Economic and Financial Crimes Commission have helped to reduce the volatility of the naira.

FG may save over N5bn quarterly

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The Federal Government may save an estimated amount of over N5bn every quarter from the new policy banning officials of Ministries, Departments and Agencies from embarking on public-funded foreign trips for three months, according to an analysis of government budget data by The According.

The data was collated from the breakdown of funds earmarked for international travels in the 2024 budget by 103 MDAs.

President Bola Tinubu had raised concerns about the rising costs of international travels borne by director, permanent sectaries and workers of the federal civil service.

As result, the president in a letter dated March 12, 2024; signed by the Chief of Staff to the President, Femi Gbajabiamila; and addressed to the Secretary to the Government of the Federation, George Akume, banned government officials from embarking on public-funded trips overseas.

The ban, which is meant to reduce costs in governance, will become effective April 1, 2024.

It read partly, “Considering the current economic challenges and the need for responsible fiscal management, I am writing to communicate Mr President’s directive to place a temporary ban on all public funded international trips for all Federal Government officials at all levels, for an initial period of three months from Ist April 2024.”

It added, “This temporary measure is aimed at cost reduction in governance and intended as a cost-saving measure without compromising government functions.”

Tinubu, however, added that government officials who needed to go on any public-funded foreign trip must seek and get presidential approval at least two weeks before embarking on such trip, which must be ‘deemed absolutely necessary’.

The latest development came days after Nigerians, civil society organizations and rights groups lambasted the Accountant General of the Federation, commissioners of finance of the 36 states of the federation and other government officials for choosing to hold a workshop in the United Kingdom at a time when the economy was experiencing a major downturn.

However, in the breakdown, the latest policy by the Tinubu administration is expected to affect 43 permanent secretaries. According to findings, there are currently 43 PS under the Federal Civil Service.

According to an analysis of MDAs notable for travelling, the State House (Presidency) will save about N1.74bn in three months while the Vice President’s office will save N307.3m. The Ministry of Petroleum Resources with a total budget of N1.19bn for international travel will save N299.5m in three months.

Further analysis also stated that the Ministry of Industry, Trade and Investment will save N176.79m if the directive is implemented. Also, the National Defence College will save N984.6m from its total budget of N3.9bn for overseas travel while the Economic and Financial Crimes Commission will save N434.56m. Similarly, the Nigerian Intelligence Agency will save N860.8m from its total budget of N1.04bn. The Office of the Secretary General of the Federation will save N47.5m if it adheres to the presidential directive while the auditor general will return N114.9m to government coffers due to the policy.

Furthermore, the Finance Ministry will save N173.2m while the Ministry of Budget and Economic Planning will keep N173m if its workers shelve plan to travel internationally. For the Command and Staff College, a total of N631.48m will be saved in three months. The Ministry of Justice will preserve N212.32m if the directive is implemented while the Youth Development Ministry will save N70.8m.

Findings show that the cost could be more if foreign trips budgets of other MDAs that are not notable for travelling overseas are also incurred.

Tinubu had implemented a number of initiative aimed at cutting the cost of governance.

On January 8, the President approved “cost-cutting” measures that involve slashing, by 60%, official entourage on local and international travels.

The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed this while briefing State House correspondents at the Presidential Villa, Abuja.

Ngelale said the directive applied to the Offices of the President, Vice President, First Lady, Wife of the Vice President and all Ministries, Departments and Agencies.

He said, “President Bola Tinubu has approved that anywhere he travels within this country he will no longer accept or allow huge security delegations to be following him from Abuja, which attracts massive bills with respect to estacode and duty allowances from now on.

“He has approved a massive cost-cutting exercise that will cut across the entire Federal Government of Nigeria and the Offices of the President himself, the Vice President and the Office of the First Lady. It will be conducted in the following fashion.

“On international trips, the President has directed that no more than 20 individuals be allowed to travel with him. That number will be cut down to five in the case of the First Lady. Additionally, the number in the entourage on official international trips for the Vice President will be cut to five. The number that will be placed as a limit on the wife of the Vice President is also five.”

The decision came five weeks after Nigerians criticised the Tinubu administration for participating in the United Nation’s annual climate summit, COP28, in Dubai, the United Arab Emirates with 1,114 delegates.

NIWA, NIS strengthen collaboration to curb illegal migration

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The National Inland Waterways Authority has concluded plans to strengthen collaboration with the Nigerian Immigration Service to curb illegal migration through the Lagos waterways.

The agencies disclosed this on Thursday when the new Comptroller of Immigration Service in charge of Lagos Seaports and Marine Command, Joseph Dada, visited the Lagos Area Manager of NIWA, Sarat Braimah at Marina, Lagos.

Speaking during the meeting, the comptroller observed that the service would fare better in achieving its mandate with a strategic partnership with NIWA.

“We have some challenges on the waterways even though we do patrols. Collaborating with NIWA will guarantee stronger waterway operations,” Dada said.

Dada explained that even though people had the right to migrate, they had to do it legally.

He added, “We aren’t saying people shouldn’t migrate or japa from Nigeria. Migration is part of life and people have a right to seek greener pastures, but they must do it the right way.

“They have to get their passports and visas and travel through the appropriate channels.”

The Immigration boss lamented that several Nigerian ladies who had fallen victim to human trafficking were lured with job offers.

Earlier, the Lagos Area Manager of NIWA, while welcoming the strategic collaborations with NIS, stressed that both agencies were working for the common good of Nigeria.

Braimah said, “We expect this collaboration to prohibit illegal migration. Migration is part of life as you observed earlier it fosters tourism, culture and development.

“Nonetheless, we would assist the NIS in achieving their objective which is that people shouldn’t migrate illegally.”

 “A lot of passengers board ferries from Marina jetty to Badagry and Port Novo. We don’t know their final destinations and cannot verify their identity, but are open to NIS partnership to carry out migration checks.”

 She declared that NIWA could train NIS officials to board vessels safely and provide boats, life-jackets, among other equipment when the NIS make such requests.

Ekiti man sentenced to death for killing wife’s lover

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An Ekiti State High Court, Ado Ekiti Division, has sentenced a 28-year-old man, Ayodeji Alomoge, to death by hanging for killing a man who was having an affair with his wife.

Alomoge, who was tried on a count bordering on murder, according to the charge, had “on 21st of June, 2022, at Ikere Ekiti, murdered one Ogunleye Ayomide, contrary to Section 234 of the Criminal Law of Ekiti State, 2021.”

The father of the deceased, Ige Ogunleye, in his statement to the police, said he received a call that his son (the deceased) “had been beaten to a pulp by Alomoge and his gang. I rushed down to the place and found my son in a pool of his own blood with varying degrees of injuries on his head and mouth.

“I also found Alomoge being held by some people. I asked him the reason for his action, and he said Ayomide had been having affairs with his wife, and he had warned him to desist, or else he would kill him.”

“I (Alomoge) took him (Ayomide) to a nearby hospital and later to the University Teaching Hospital, Ilorin, Kwara State, where he later died,” Ogunleye added.

The prosecutor, Kunle-Shina Adeyemo, called five witnesses and tendered the defendant’s statements, pictures of the deceased, and the medical report of the cause of death as exhibits.

The defendant spoke in his defence through his lawyer, Adeyinka Opaleke, who pleaded to the court to temper justice with mercy. He called no witnesses.

In the court judgment on Thursday, Justice Jubril Aladejana said, “It would appear to me that rivalry between men over the affection of a woman should not be a ground to justify provocation, except the situation is such that it is sudden and leading to a heating of passion.

“I consequently find the defendant guilty of the murder charge against him and therefore convicted as charged.”

The judge further pronounced that: “Ayodeji Alomoge shall be hanged by his neck until he be dead.”

States owe FG N1.7tn budget loans

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The governments of Nigeria’s 36 states and the Federal Capital Territory owe the federal government an outstanding liability of N1.72tn in budget support facilities.

The figures were revealed in a presentation on state budget support facility by Office of the Accountant General of the Federation, at the 140th meeting of the National Economic Council presided over by Vice President Kashim Shettima at the Aso Rock Villa, Abuja, on Thursday.

Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, revealed this in a statement he signed Thursday titled, ‘NEC endorses take-off of $617M i-DICE programme across states.’

In 2021, the Muhammadu Buhari administration approved a fresh N656bn Bridge Financing Facility for the 36 states.

This was part of earlier interventions to “help state governments to meet their financial obligations,” then-Minister of Finance, Zainab Ahmed said.

The FCT owes N49.11bn and each of the 36 states carries the same debt burden, totalling N1.72bn.

At a previous NEC meeting held in November 2023, the FG had emphasised that the it ceased providing budget support loans in July 2023, partly due to an increase in the federation’s revenues.

Meanwhile, the excess crude account, was $473,754.57, the Stabilisation Account, N33,808,342,662.88, while the Current Balance of Natural Resources stands at N113,925,600,918.68.

On the NEC ad-hoc committee on crude oil theft prevention and control report presented by the Imo State governor, Senator Hope Uzodimma, Nkwocha said:

“On the request of the Vice President and Chairman of Council, Governor Hope Uzodinma of Imo State presented an abridged version of its report on crude oil theft prevention and control on behalf of the NEC ad hoc Committee.

“Governor Uzodinma said the committee met and had far-reaching deliberations and deployed appropriate technologies for data collection. Full report to be tendered at next NEC.”

The statement added, “While noting the presentation, the Vice President observed that the rate of submissions by States were not impressive and urged States yet to make inputs to expedite action to enable robust deliberations on the subject-matter at the next Council meeting.”

The Kwara State governor, Abdulrahman Abdulrazaq, presented the update on NEC ad-hoc committee on Economic Affairs.

Recall that at the 138th NEC Meeting held on December 21, 2023, a committee on Economic Matters chaired by the Kwara State governor was established.

The Committee’s main objective was to develop a feasible and effective roadmap for addressing economic issues affecting Nigerians at the national and sub-national levels and avert a possible economic and socio-political crisis.

Members were given one month to prepare their plans and submit their reports by the second quarter of 2024.

The NEC also received presentation on the Special Agro-Industrial Processing Zones programme.

It was announced that all processes for establishing the phase 1 of the SAPZ have been completed and disbursement for states kick started, expression of Interest have been received from 27 states, while guidance letters have been sent to 27 Governors (TOR for studies and request to provide focal points).

Lagos to partner MasterCard on technology

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The Lagos State Governor, Mr Babajide Sanwo-Olu, has stated his resolve to collaborate with Mastercard to promote technology, digitalisation and innovation in the state.

Sanwo-Olu said this on Thursday when the Management of Mastercard led by its President for Eastern Europe, Middle East and Africa, Dr Dimitrios Dosis, visited him at Lagos House, Marina, Lagos.

 The governor said his administration was open, willing and eager to make technology a way of life, adding that there was a lot the Lagos State Government and Mastercard could jointly develop and take forward in the area of technology.

He said, “Part of our vision is for Lagos to become the knowledge warehouse; a city where anywhere in the world if you need anything in terms of innovation, knowledge and skills, you will come to Lagos.

 “We want to develop millions of young people who are not only smart but willing to change and take on the world. We have seen that in our creative minds, either in entertainment, arts and culture, innovation and technology.

“We need to channel the energy of the young people positively to be able to help solve world problems. They need to have access and platforms through which they can flourish and show the skills they have.”

According to Sanwo-Olu, the state is trying to build a lot of capacity in smart city and security.

 “We don’t want people to come and give us handouts, we want a real partnership where we can identify the problem and come up with solutions,” he remarked.

In his comments, Dosis expressed his organisation’s commitment to partner with the Lagos State Government.

He said, “I was impressed by the passion I saw in your fintech community. We have had the pleasure in the last two days to meet a number of your fintech. The passion I saw in your fintech community is second to none.

“I also saw innovation taking place in your payment space. I also see innovation in your transport system, which I know is something that you developed for the city.”

According to Dosis, Mastercard has a lot of technology that it would like to bring to Nigeria.

BELT UP!

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