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Mbappe ‘already signed contract’ with Real Madrid — Report

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Kylian Mbappe, a Paris Saint-Germain star, has signed a two-week-old deal to join Real Madrid on July 1.

According to a Monday post in Spanish publication MARCA, the French striker has already signed a 5-year contract with the Spanish giants, which will begin on July 1.

The 25-year-old’s move to the Bernabeu has been one of the most drawn-out transfer tales in recent years. When Mbappé initially emerged on the forefront as a teenager at Monaco in 2017, Real Madrid became interested in him.

On February 15, Mbappe informed Paris Saint-Germain authorities that he intended to leave when his contract expires at the end of the season, according to a source close to the Ligue 1 winners.

The 25-year-old, who joined PSG from Monaco in 2017, had his contract extended from 2022 to 2024 but declined to activate a condition that would have allowed him to stay another year.

Mbappe has been heavily linked with a move to Real Madrid, and according to a source close to the situation, he has already begun talks with the Spanish club.

“The terms of the departure have yet to be fully agreed,” the source added, adding that the club and Mbappe will release an official statement “when everything is finalised in the next few months.”

However, MARCA’s magazine on Monday stated, “Kylian Mbappe and Real Madrid have an agreement, signed two weeks ago, and as of July 1, the French striker will become a brand new player of the white team, as MARCA has been able to confirm.”

Read Also: APC criticizes PDP governors for demanding Tinubu step down.

“When the player met with PSG last Tuesday to inform them that he would be going on June 30, he requested that no further contract offers be made.

“The reason was that he had already signed the contract that would bind him to Real Madrid for five years, as had been suspected in Paris for some time.

“At that point, PSG was already more interested in its star player fulfilling the commitment agreed in the summer to waive a very significant amount, the third installment of the loyalty bonus, to allow him to rejoin the first team.”

Even though PSG and Real Madrid have yet to make any formal comments on the player, there are still questions about his future prospects.

Treason: Court strikes out case against Sowore

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On Monday, the Federal High Court in Abuja dismissed the Federal Government’s treasonable felony charge against Omoyele Sowore, Publisher of Sahara Reporters and Convener of #RevolutionNow, and his co-defendant, Olawale Bakare.

Justice Emeka Nwite, the presiding judge, dismissed the matter following the withdrawal of A.R. Tahir, counsel to the Attorney-General of the Federation (AGF), Mr Lateef Fagbemi, SAN.

In his decision, Justice Nwite directed the Department of State Service (DSS) to immediately return three phones and N10,000 confiscated from Sowore during his arrest. He also ordered the release of Sowore’s seized Nigerian passport.

The judge ordered the DSS to release Bakare’s phone as well as the N1,500 confiscated after his arrest.

Last Thursday, the Federal Government informed the court of its decision to end Sowore and Bakare’s trial.

Read Also: Tackle hardship, insecurity, OAU students advise FG

The decision to terminate the trial was notified to the Federal High Court in Abuja via a notice of discontinuance dated February 14, but filed the next day by the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN).

The notice stated that Lateef Olasunkanmi Fagbemi, SAN intends to discontinue charge No: FHC/ABJ/CR/235/2019 based on his authority under Section 174 (1) (c) of the Federal Republic of Nigeria 1999 as amended, Section 107 (1) of the Administration of Criminal Justice Act 2015, and other relevant provisions.

Tinubu’s presidential villa, 85 other MDAs owe AEDC N47,195bn

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As of December 2023, the Abuja Electricity Distribution Company (AEDC) was in debt N47,195 billion from the Presidential Villa of President Bola Tinubu and 85 other federal and state government ministries, departments, and organizations.

The National Daily published a disconnection notice on Monday, which the AEDC released.

The Federal Capital Territory Authority, the Ministry of Finance, the Chief of Defense Staff, and barracks and military units were all mentioned by the AEDC as its top debtors for the time under consideration.

Additional parties mentioned as debtors to AEDC include the Ministry of Power, Ministry of State Petroleum, Governor of the Central Bank, the Independence National Electoral Commission, INEC, Nigeria Police Force, and other MDAs.

As per DisCo, the debtor MDAs have been notified that they have 10 days, or until February 28, to settle their payments or risk being disconnected.

According to the firm, “AEDC hereby gives the relevant MDAs notice that, following the expiration of ten days from the date of publication, that is, after Wednesday, February 28, 2024, AEDC will begin to disconnect service to them until they fulfill their obligation to pay us their debts.”

It was just four days ago, according to the Minister of Power, that the government acquired N3 trillion in debt from electricity subsidies.

The Nigerian government would have to stop providing electricity subsidies, he claimed.

Nigeria’s national electricity supply had reportedly been cut off for weeks.

Adelabu last month attributed Nigeria’s declining electricity supply to gas shortages.

Edo APC youths take over party secretariat over gov primary

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As they sought the firing of the state executives, led by acting Chairman Jarret Tenebe, over Saturday’s gubernatorial primary election, furious women and youths stormed the All Progressives Congress secretariat in Benin, Edo State.

Three winners emerged from the survey.

While Stanley Ugboaja, the returning officer, named Monday Okpebholo the winner, Governor Hope Uzodimma, the chairman of the primary electoral committee, declared Dennis Idahosa the victor.

In addition, Anamero Dekeri was proclaimed the election’s victor by Ojo Babatunde, who professed to speak for the returning officers in each of the local governments.

Led by Tony Adun, also referred to as Kabaka, the party’s youth head, the mob broke into the premises and removed equipment, furniture, and rice bags.

For seven days, they promised to stay in the building.

The party held its primary election on Saturday, producing three winners. Adun stated that they were criticizing the behavior of the authorities, claiming it was clear that the executives were working against the party.

He swore that until the exco was dissolved, they would not leave the building. They also promised to stay for seven days, cook, and eat.

“The state party executive is obviously not serving the party’s interests anymore, so it’s time for them to step down,” Adun declared.

Read Also: Atiku’s plan will damage economy, says President

“Dennis Idahosa, the party’s nominee, has our support here. In the September gubernatorial election, we urge party members to support Idahosa’s campaign.

“We’re here in big numbers, women and youth alike, to express our dissatisfaction with the way the exco conducted the election, as you can see.”

Nigerian govt begins payment of salaries of university lecturers, ASUU withheld over 2022 strike

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A portion of the eight-month salary that the government withheld from some professors at Nigerian universities affiliated with the Academic Staff Union of Universities (ASUU) because to their 2022 strike action has now been released.

This was verified on Monday by a lecturer at Usmanu Danfodiyo University in Sokoto. He added that while some of his colleagues had attested to the money’s payment, not all of the lecturers had received it.

It’s accurate. A few of us have begun to receive alerts. However, I haven’t seen mine yet, but I’m confident I will see it shortly,” he remarked.

He answered, “I can’t say until I see my own,” in response to a question about how many months the government had paid. Let’s hold off a little.

Prof. Emmanuel Osodoke, the president of the union, stated that the union was putting together a report on the matter and would make it available to the public shortly when the media contacted him for remarks.

According to a source, the lecturers’ earlier scheduled regional meetings to determine whether to start another round of industrial action were the driving force behind the government’s decision to begin payment today (Monday).

Read Also: Tackle hardship, insecurity, OAU students advise FG

The ASUU strike of 2022 lasted from February 14 until October 17.

In order to demand better working conditions for staff members, higher salaries for lecturers, and increased funding for institutions, the professors went on strike.

However, because of its “no work, no pay” policy, the lecturers were not paid for eight months by the Muhammadu Buhari administration at the time.

Nonetheless, President Bola Tinubu ordered the academics’ four months’ worth of money that had been withheld and declared approval of a partial waiver of the “No Work, No Pay” principle.

Chief Ajuri Ngelale, his aide, revealed this in a press release last October. She stated that the waiver was given in accordance with the Presidential Prerogative of Mercy Principle and in appreciation of the faithful execution of the terms that were agreed upon during the productive discussions between ASUU and the Federal Government of Nigeria.

“The previously striking members of ASUU will receive four months of salary accruals out of the eight months of salary which was withheld during the eight-month industrial action undertaken by the union,” Mr. Ngelale said in reference to the waiver.

APC criticizes PDP governors for demanding Tinubu step down.

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On Sunday, the ruling All Progressives Congress and the federal government confronted state governors on the Peoples Democratic Party platform, where they were demanding President Bola Tinubu resign due to the ongoing economic hardship and depreciation of the naira.

The ruling party also took issue with the governors’ assertion that Nigeria, under the APC’s leadership, was on the verge of resembling Venezuela.

The PDP governors, led by Bala Mohammed, the governor of Bauchi State, claimed last week that Tinubu was nearly certain to turn Nigeria into Venezuela.

Among the many issues the South American nation is currently dealing with are business closures, corruption, shortages of food and medicine, and high unemployment rates.

The ruling APC and Tinubu were advised by the PDP governors to step down on Saturday if they were unable to offer long-term solutions for the country’s problems.

In response, PDP governors were attacked by Mohammed Idris, Minister of Information and National Orientation, for trying to divert attention from those who are committed to realizing President Tinubu’s visions.

Idris stated in a statement released on Sunday and signed by his media assistant, Rabiu Ibrahim, that the call was nothing more than an attempt at diversion by those who ought to be busy assisting the President in his endeavors to provide economic relief to the Nigerian people. Our thoughtful opinion is that the PDP and its governors shouldn’t be trying to accomplish through intimidation behind closed doors what they have continuously failed to accomplish through democratic channels since 2015.

“Those who have the opportunity to bring about significant change but were unable to do so ought not to attempt to divert or disturb those who are working on the presidential vision that Nigerians have chosen to execute.”

The minister gave an explanation of the current administration’s agenda, saying, “Since its founding, President Bola Tinubu’s administration has generously provided financial support to all State Governments, irrespective of their political affiliation. Furthermore, all States’ revenue, including the PDP States’, has increased due to the elimination of the gasoline subsidy, which was, incidentally, one of the primary tenets of the PDP presidential campaign. Since more has been given to them, more is anticipated from them.

“With programs centered on large-scale infrastructure, social welfare, prioritizing the equipment and welfare of the military and security agencies, and reclaiming Nigeria’s strategic place in the comity of nations, the President and his administration recognize the unfinished business of revamping our national economy, which was started by the administration of President Muhammadu Buhari. Following their annihilation in 2014 and 2015, Boko Haram and its affiliates have made similar audacious gains with bandits and other criminals.

“Several liabilities left behind by the PDP government, such as subsidy claims by oil marketers, Paris Club Refunds, unpaid pensions, gratuities, and salary arrears owed various categories of pensioners from liquidated and existing state-owned enterprises,” Idris continued, referring to the ruling APC.

The very real and ongoing legacies of the ruling All Progressives Congress include the major oil sector reforms that the PDP had long pushed but failed to deliver, such as the PIB’s passage and the construction of new refineries in addition to the renovation of existing ones.

“In order for Nigerians to understand our perspective and value the work being done in its entirety, we must continue to present these facts.”

Felix Morka, the APC’s National Publicity Secretary, reacted as well, saying that while he can’t blame anyone for having opinions, it would be incorrect to urge the President to give up on “idle spectators.”

Morka emphasized that the governors should provide helpful suggestions or answers to governance problems rather than making fun of the idea that the three levels of government in a federal system such as Nigeria have shared, constitutionally defined responsibilities.

“Living in deliberate ignorance of their constitutional duties, governors nominated by the Peoples Democratic Party yesterday gave President Bola Tinubu advice to ‘throw in the towel’ if he is no longer able to lead Nigeria,” the statement read. These indolent but ruthlessly complicit spectators in the affairs of their states and citizens now wear this repugnant executive flippancy as a badge of identity.

Governors have the same right to free speech as any other citizen. But in order to exercise that right, one must do so in accordance with a respectable and reasonable standard. Avoid making careless remarks that could stoke racial tensions and social unrest. Even in light of Nigeria’s current difficult security and economic circumstances, the PDP governors’ recent statement comparing the country to Venezuela is misleading and reeks of unjustified outrage.

Morka expressed disappointment in the PDP governors, claiming they are little more than lip-service followers who rarely follow their own advice.

For this reason, he asked Nigerians to set aside their comments and wait patiently for the president to make the necessary changes to the nation.

“Just as the President’s table is where the federal government ends, the governors’ table is where the state government ends.” It is nothing less than self-indictment for the PDP governors to urge the President to give up. That the same governors, who have consistently dispossessed local government administrations of federally allocated funds and perpetually stifled them, are now talking about buck is abhorrent. They have never justified the enormous federal allocations to their states.

Read Also: Atiku’s plan will damage economy, says President

“At this moment of profound and long-lasting economic change in our nation, President Bola Tinubu is assuming accountability and demonstrating strong leadership. The administration has started implementing drastic yet necessary reforms that are necessary for prosperity, long-term growth, and economic recovery. As these policies start to produce the desired results, our people are experiencing temporary but painful difficulties, which the administration is extremely determined to lessen.

“Nigerians have a right to a safe, secure environment with access to the most basic social and economic amenities. As our country soars unstoppably toward firmer ground and a more prosperous future, our Party and administration ask for patience during these trying times,” he said.

Atiku’s plan will damage economy, says President

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The administration claims that a managed Naira floating to stop additional devaluation would only bring Nigeria back to the financial system headed by the troubled former governor of the Central Bank of Nigeria, Godwin Emefiele.

It claimed that the strategy, which saw monthly expenditures of roughly $1.5 billion to support the Naira, encouraged financial malpractices like arbitrage that were detrimental to the economy.

Declared in a statement he signed on Sunday, “Once again, former Vice President Atiku Abubakar got it wrong,” is the claim made by Mr. Bayo Onanuga, Special Advisor to the President on Information and Strategy.

In response to Atiku Abubakar, the Peoples Democratic Party’s presidential candidate in the 2023 elections and a former vice president, Onanuga stated that Tinubu’s economic policies—particularly the unification of the exchange rate—were rushed into action without sufficient planning or stakeholder consultation.

Nigerians are suffering as a result of the Naira’s collateral instability brought on by President Tinubu’s economic reforms over the last nine months, which have also caused food prices to rise.

The government is being criticized by Atiku, who stated, “The rest of us cannot keep quiet when the government has demonstrated sufficient poverty of ideas to redeem the situation.” The wrong policies of the Tinubu administration continue to cause untold pain and distress on the economy.

In his view, implementing a floating exchange rate system would be excessive given Nigeria’s fundamental economic circumstances. A gradualist approach to foreign exchange management is what we would have urged the Central Bank of Nigeria to take. An option that was managed-floating would have been better.

The CBN will intervene to regulate and stabilize the value of the Naira, according to Atiku, even though it may fluctuate daily under such a system.

He stated, “This kind of control will be used sensibly and responsibly, particularly to stop speculative activities.”

Nevertheless, the Presidency expressed disagreement, stating, “Atiku’s alternative of a controlled floatation of the Naira is similar to the policy of Godwin Emefiele, when arbitrage or round-tripping went on unhindered.” An estimated $1.5 billion was spent each month to shore up the Naira. Tragically, those near the corridors of power were responsible for it.

The president, his vice, and state governors met last Thursday, according to Onanuga, to discuss how to significantly lessen price fluctuations in food supplies rather than currency fluctuations, as Atiku had claimed.

“We expected Alhaji Atiku to praise President Tinubu for maintaining this stance and for not interfering with the business of Central Bank,” he said, citing Tinubu’s appeal to Governors to allow the CBN to operate and his stance against establishing a commodity board.

The assertion made by Atiku that the CBN’s FX management policy was hastily assembled without adequate planning or stakeholder consultation is ludicrous and untrue. It implies that the apex bank is being prevented from implementing a sound FX management policy by Tinubu’s government, which would have addressed matters like boosting liquidity, reducing or controlling demand, addressing FX backlogs, and rate convergence.

Cardoso’s CBN is putting in place a number of policies to stabilize the Naira and put an end to market volatility, he continued, and these are already having some positive effects. This is in contrast to former Vice President Atiku’s assertion.

In Q4 2023, Nigeria recorded a 66.27 percent increase in capital inflow compared to Q3, prior to Cardoso’s arrival at CBN. In Q3, capital inflow was $654.65 million, and it increased to $1.09 billion in Q4, according to figures cited by the Presidency from the National Bureau Statistics.

According to the argument, “Atiku will agree that the rise in capital inflow suggests massive investors’ confidence in Nigeria and the policy direction of the Tinubu administration.”

That is why it stated that Atiku’s proposed controlled Naira float is comparable to Godwin Emefiele’s policy when compared to the options for CBN policy being implemented.

Tackle hardship, insecurity, OAU students advise FG

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The Obafemi Awolowo University Students’ Union Students Representative Council has denounced the nation’s ongoing economic suffering and instability.

In a statement sent to our correspondent on Sunday from the SRC’s Ile-Ife campus, the federal government was urged to address these issues right away.

Nigerians have been feeling the effects of the country’s harsh economic circumstances, particularly since President Bola Tinubu removed the fuel subsidy upon taking office on May 29, 2023, which caused the price of gasoline to rise from about N200 to over N600.

In addition, the ongoing depreciation of the naira against the US dollar has resulted in inflation in the price of goods and services in the nation, a hardship that many Nigerians bemoan.

President Tinubu ordered the release of 102,000 metric tons of different types of grains from the Strategic Reserve and the Rice Millers Association of Nigeria on February 8, 2024, as a temporary solution to the country’s worsening food crisis and the rising cost of commodities.

The economic hardship, according to the OAU students, “reflects the sheer negligence and incompetence of our leaders,” according to a statement released by the Great IFE SRC’s Speaker, Deputy Speaker, Clerk, and Ganiyu Yusuf, respectively.

It is becoming more and more difficult for the average Nigerian to afford basic necessities as a result of the worrying economic downturn and the exorbitant cost of living, the statement continued.

“Rampant cases of insecurity, including kidnapping and banditry, have reached unprecedented levels, instilling fear and apprehension in the hearts of citizens across the nation,” the statement on insecurity read. It is completely intolerable and is no longer acceptable for the government to put the safety and security of its citizens last.

Additionally, “the government’s neglect of the education sector, evident in insufficient budget allocations and underfunding of tertiary institutions,” was denounced by the student leaders.

There have been an increasing number of insecure incidents across the nation since December 2023, ranging from kidnappings in Abuja, Lagos, Ogun, and the Plateau to killings in that region.

In addition, on Saturday, some bandits reportedly broke into the Igabi communities of Gwada and Kassam as well as the Kauru local government areas of Kaduna, resulting in nine deaths and seven injuries. Numerous people were also taken hostage, including the director of the Central Bank of Nigeria, who is now retired.

The incident was confirmed in an official statement from the state government, which was issued by Samuel Aruwan, the commissioner overseeing internal security and home affairs. However, there was no mention of the individuals who were killed and abducted in the state’s LGAs of Igabi and Kauru.

Umahi threatens to sever highway agreement between Enugu, Port Harcourt

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On Sunday, David Umahi, the Minister of Works, gave the contractor in charge of the Abia section of the Enugu-Port Harcourt Highway, which is presently undergoing rehabilitation, a 14-day notice to terminate the contract due to non-performance.

The notice of termination was ordered by the minister following an inspection of the work progress at Ozuaku after the Imo bridge along the Enugu – Port Harcourt expressway, according to a statement from Olusola Abiola, the director of information.

“After using all due process on construction, the minister of works has just directed a 14-day termination notice to Messrs China Civil Engineering Construction handling the Enugu-Port Harcourt expressway,” the statement stated.

“We will have to give the termination notice after 14 days if they don’t comply with our requests.”

He clarified that subpar work by contractors would no longer be tolerated by the government and warned of the consequences of subpar work.

“Contractors putting blank ranks on site will no longer be tolerated by us. Additionally, they will be raising construction costs by pushing back the project’s completion date.

He revealed, “We at the Ministry of Works have come to an agreement that all non-performing contracts will be terminated and re-awarded using due process in the coming weeks.”

The minister emphasized the need for the Ministry to provide Nigerians with high-quality highways and said, “It is very important to appreciate all the efforts of Mr. President who has been providing funds for our road infrastructure projects; which is very, very good.” A

President Bola Tinubu deserves praise for providing significant resources for our road networks, Umahi continued, adding that “so it’s kudos to Mr. President and it shows that Mr. President is very, very sensitive to our road infrastructure needs.” This administration took over 3,000 road projects when it came to office. Thus, in spite of any blackmail, we must exert every effort to support the President’s Renewed Hope Agenda,” he declared.

Since taking office, the minister has issued two directives, this most recent one.

In September of last year, he issued an order to immediately halt construction at the Kaiama section of the East-West road in Bayelsa State due to concerns about the contractor’s subpar work.

Umahi expressed his frustration over the situation and claimed that even with N71 billion in funding, the contractor was producing subpar work.

After the contractor handling the project used inferior materials, the minister also ordered the immediate suspension of reconstruction work at the Eleme-Onne section of the East-West Road in Rivers State in January 2024. However, the suspension was later reversed twenty hours later following a meeting with ministry officials and the contractor behind closed doors.

Reps applaud TETFUND for encouraging youth research

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The House of Representatives has praised the Tertiary Education Trust Fund for encouraging research and creating creative hubs to support science and technology education among young people in Nigeria.

The Deputy Speaker of the House of Representatives, Benjamin Kalu, made a commitment to support creative activities in Nigeria during his speech on Sunday at the end of a two-week summit for some Nigerian academics, researchers, and students at the Abuja Innov8 Hub.

The program, named “Research for Impact Initiative (R4i),” is a joint effort between TETFund and Innov8 Hub. It was introduced in 2022 and has as its sole goal the promotion of economic growth and all-encompassing national development in Nigeria through innovation, technology, and research and development.

The House is interested in offering solutions to the Federal Republic of Nigeria’s multifaceted needs, according to Kalu. Additionally, we’ve realized that the issues we’ve been attempting to resolve year after year with the help of customary practice haven’t produced the level of output we had hoped for in this nation; for this reason, we must strongly encourage innovation that will challenge custom in order to boost productivity.

This innovation requirement is even more critical for Nigeria. Our problems are manifold, ranging from poverty and unemployment to climate change and security threats. We must tap into the enormous potential of our people, especially our young minds full of innovative ideas and an entrepreneurial spirit, if we are to overcome these challenges and accomplish sustainable development.

This is the context in which i-FAIR’s Innov8 Hub program is useful. These initiatives enable our innovators, inventors, and entrepreneurs to turn their concepts into workable solutions by offering mentorship, tools, and platforms for collaboration.

The Israeli community and the State of Israel’s Embassy in Nigeria were recognized by the Deputy Speaker for their roles in “partnering with Nigeria in this crucial endeavor.” We as a nation greatly appreciate your support, and your dedication to promoting innovation and entrepreneurship in Nigeria is truly commendable.

“We need to innovate, according to the President. Nigeria thinks innovation is essential. That’s why every government agency, including the TETFund, has been provided with everything required to move innovation from where it was under this administration to where it should be.

“And from the parliament, I’m happy to say that the man driving it is a good friend of mine; he’s not sleeping and he wants to push.” You have my admiration. I’m quite pleased with you!

“By thinking beyond the box and focusing on the possible while combating the impossibility, you are demonstrating innovative thinking about how we can build this country and improve our quality of life. You should keep up the good work; I’m proud of what you’re doing.

“And I was impressed when I heard in that speech that you intend to multiply this,” the speaker said. Kalu told TETFund, “I was really impressed to hear that you are planning to even incorporate those who innovated outside this hub and that you will provide a platform for them. By doing this, you will harvest innovations you have not invested in and then prune them for a greater future.”

As part of the initiatives being carried out by the Peace in South East Project, the Deputy Speaker also advocated for the creation of these innovation hubs throughout the South East region of Nigeria in order to lessen the effects of underdevelopment and insecurity.

Lalu stated that the initiative can be strategically linked to PISE-P through the involvement of young people, according to a statement provided by the Chief Press Secretary to the Deputy Speaker, Mr. Levinus Nwabughiogu.

I request that i-FAIR think about setting up a facility of a similar nature in the southeast region of Nigeria. He emphasized that there is a great deal of potential for fostering innovation and entrepreneurship in this area, which is known as the center of our country’s manufacturing.

Prior to this, Sonny Echono, the Executive Secretary of TETFund, stated that the initiative is a component of the Fund’s plan to realign public tertiary institutions in order to accelerate the country’s reawakening and foster socioeconomic growth.