Archive for nigeriang

Protesters raze governor’s billboards

Protesters raze governor’s billboards

Few weeks after the
campaign director of the Congress for Progressive Change (CPC), Musa
Iilu was granted bail by the Chief Magistrate court 111 over the
alleged destruction of the billboards of the Nasarawa State Governor,
Aliyu Akwe Doma, his billboards at the Keffi and Karshi axes of the
State went up in flames.

NEXT gathered that
the razing of the bill boards was due to the recent People’s Democratic
Party (PDP) primaries which was marred with some irregularities as some
of the delegates who participated in the elections were worried with
the manner in which the primaries was conducted.

An eye witness told
our reporter that the youth are not happy with the governor and his
deputy for their inability to consider their plight.

Recently, the
governor’s billboards in Wamba Local Government Area were also brought
down in anger when irate youth claimed the governor restricted his main
contender, Tanko Almakura from constructing roads in their Council
Headquarters. Mr Almakura had rolled in bulldozers and graders to the
council area as part of his campaign plan to start road constructions
when he was asked to stop the projects immediately by the State Urban
Development Board.

In Doma, the
governor’s home town, his billboards were also torched down by
protesting youth who said the governor failed to honour his earlier
pledge of citing the new Federal University allocated to the State by
the President in the town.

The youth who were
initially happy that the university will be located in Doma were
disappointed when the governor announced that the state College of
Agriculture should be relocated to Doma while the University be taken
to the state headquarters in Lafia.

Our correspondent who visited Doma yesterday confirmed that all the
billboards set ablaze by the unhappy youth have since been replaced.

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FG withdraws charges against Iranian over arms importation

FG withdraws charges against Iranian over arms importation

The charges of
illegal arms shipment leveled against one Iranian and three Nigerians
before a Magistrate Court in Abuja, was yesterday struck out, following
the filling of a similar charge against the accused persons before a
Federal High Court sitting in Lagos.

At the resumed
hearing of the case, the prosecutor, Moses Idakwo, informed the court
that a fresh charge has been filed before a Federal High Court in Lagos
due to the fact that the court in Lagos can easily be moved to inspect
the exhibits (The arms containers).

Also, the Federal
Government withdrew charges against two of the accused persons, Aliyu
Wammako and Mohammed Tukur, as the prosecutor said that the proof of
evidence does not directly link them with the commission of the crime.

The application for
withdrawal by the prosecution was contested by the lawyer representing
the Iranian, Chris Uche, who argued that it is a ploy to further
infringe on the right of the accused persons. One Iranian and three
Nigerians were last year charged before a Magistrate Court in Abuja for
allegedly conspiring to import and importing containers loaded with
assorted calibers of prohibited fire arms into Nigeria.

The charge against
the accused persons, Azim Aghajani, an Iranian; Ali Usman Abbas Jega;
Aliyu Oroji Wamako; and Muhammed Tukur Umar was yesterday withdrawn by
the federal government. Magistrate Hafsat Soso, in her ruling, granted
the application of the prosecution, saying they cannot be forced to
proceed with the trial.

But the joy of Azim
Aghajani and Ali Abbas Jega were short-lived as they were re-arrested
by men of the state security service shortly after stepping out of the
court.

“The nature of
information is importation of prohibited firearms, contrary to section
27 (1) (a) (11) (111) of the Firearms Act Laws of the Federation of
Nigeria 2004. Attempt to export prohibited firearms, contrary to
section 27 (a) (1) (11) (111). That between 7th and 15th July 2010,
Azim Aghajani and Ali Usman Abbas Jega conspired to import and did
import thirteen (13) twenty feet (13×20) containers loaded with
assorted calibers of prohibited firearms consisting of 60mm mortars,
120m HE mortars, 81mm mortars, 107mm rockets, and 23 mm Apit fot gmzu
23 into Apapa Port, with the jurisdiction of this court. This is
contrary to section 27 (a) (1) (11) (111) of the firearms Cap. F28 Laws
of the Federation of Nigeria, 2004.

“Also, that between 12th and 25th October 2010, Azim Aghajani, an
Iranian, Ali Usman Abbas Jega, Aliyu Oroji Wamako, and Muhammed Tukur
Umar conspired to import and did import thirteen (13) twenty feet
(13×20) containers loaded with assorted calibers of prohibited
firearms, consisting of 60mm mortars, 120m HE mortars, 81mm mortars,
107mm rockets, and 23 mm Apit for gmzu 23 into Apapa Port, with the
jurisdiction of this court, to Banjul, Gambia. This is contrary to
section 27 (a) (1) (11) (111) of the firearms Cap. F28 Laws of the
Federation of Nigeria, 2004.”

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Ngige can’t defeat me, says Akunyili

Ngige can’t defeat me, says Akunyili

The expected
emergence of former governor of Anambra State, Chris Ngige, as the
senatorial candidate of the Action Congress of Nigeria for Anambra
Central will not cause sleepless nights for Dora Akunyili, the All
Progressives Grand Alliance candidate said yesterday. Mrs. Akunyili who
stated this at a meeting with the opponents she defeated in her party’s
primary said she was prepared to take on any opposition.

“I’m not worried by the emergence of anybody,” she said. “Everybody is free to vie for any position. The more the merrier.”

Mr. Ngige who
governed Anambra State for three years before being thrown out of
office by the courts has been rumoured to harbour senatorial ambitions
although he is yet to make a public declaration. But indications that
he was going to contest emerged when he allegedly had the name of his
political son put in for the Anambra Central senatorial slot for
Senate, prompting political analysts to speculate that Mr. Ngige’s name
will be put in as a replacement for the current candidate on the last
day for substitution of candidates.

But Mrs. Akunyili
said she was not bothered, whether Mr. Ngige was going to run or not.
She said that the paramount thing was to put her house in order by
mending fences with those who ran against her before the primary.

“You don’t expect
people that didn’t make it in the primaries to be rejoicing, you don’t
expect them to be happy,” she said. “It is natural and it is our
responsibility as people that won to call them and their supporters
together and appeal to them to sheathe their swords so that together,
we can work to achieve victory.”

Of the three people
that contested against Mrs. Akunyili, two — George Ozodinobi and Emma
Nweke — have declared their support for her, with Mr. Ozodinobi showing
up in person at the venue of the meeting.

According to Mr.
Ozodinobi, he was present at the occasion in order to help salvage the
APGA in the state. Describing Mrs. Akunyili as a woman of substance, he
said it was now time to come together to ensure victory for the party.

“What I’m saying
today is that the contest is over,” he said. “In the game of football,
there are provisions for gold, silver and bronze but in politics, the
winner takes all. Akunyili is our gold, she’s our choice and it is our
duty to support her. If she fails, everybody has failed and it will be
our collective shame.”

Earlier in the day, Mrs. Akunyili, in the company of her husband
John Akunyili, a medical doctor, had opened her campaign office in Awka
and paid a courtesy call to the traditional ruler of Awka thereafter.
The Awka monarch, Igwe Gibson Nwosu, praised Mrs. Akunyili and noted
that “never in the history of politics in the state had such a popular
candidate come out”, and urged the people of the state to support her.
The contestant restated her commitment towards giving her people
unparalleled representation in the Senate and promised to resign if her
impact was not felt within a year.

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Jonathan says he won’t contest 2015 elections

Jonathan says he won’t contest 2015 elections

President Goodluck
Jonathan yesterday said that he will not contest in the 2015 elections
and that he will ensure that free and fair elections are conducted
during the April polls. Speaking during an interactive session with
Nigerians, primarily diplomats working in the United Nations Economic
Commission for Africa (UNECA) and the African Union (AU), the president
assured them that if he is voted for the next four years, he will
ensure significant improvement in key sectors of the economy like
security, power, education, road, health among others.

“Without security
there is no government so it is not debatable, it is something we have
to address and we are working towards that with vigour. But if I am
voted into power within the next four years, the issue of power will
become a thing of the past. Four years is enough for anyone in power to
make significant improvement and if I can’t improve on power within
this period, it then means I cannot do anything even if I am there for
the next four years” he said.

Fielding questions
from those present at the session on whether Nigerians abroad will
vote, Mr Jonathan said “I would have loved that the Nigerians in
Diaspora vote this year but to be frank with you, that is going to be
difficult now. Presently, the law does not allow voting outside Nigeria
and so this year, Nigerians in Diaspora will not vote but I will work
towards it by 2015 even though I will not be running for election”, he
said.

On the issue of
security in the country, Mr Jonathan said the government is doing
everything possible to arrest the situation adding that all those
involved in the October 1st bombing have been arrested and are
currently being prosecuted. He also said he ordered the release of the
car dealers because they were just businessmen who could not have known
that the vehicles were to be used for such heinous crime.

As regards road
network and transportation in the country, he assured the audience that
the railway system will soon be revamped because presently, heavy duty
vehicles are destroying the roads. “Why we cannot have continuous road
maintenance for now is because no contractor wants to go into it
because of the continuous pressure on the road by heavy duty vehicles.
That is why we are working to ensure that we revamp the rail”.

Care for Nigerian Diaspora

The president also
addressed issues raised on having a database of Nigerian experts in the
Diaspora, Mr Jonathan assured them that he is working on creating a
forum for interaction between them and that the government will also
develop a database, where experts needed to address the various
challenges of the economy will be drawn from. He hinted that this is
why the Diaspora Commission is being set up and the bill is already
before the National Assembly.

The President also
disclosed that the government is planning to review the country’s
foreign policy to ensure that Nigeria gets maximum benefit from its
roles and contributions to international organisations like the AU, UN
and ECOWAS.

He further lamented
that right now, Nigeria’s contributions are not being recognised adding
that “there is need for Nigeria to have something in return for our
investments. We are investing so much but it is not being noticed and
there is need to reverse that trend.”

The President
further assured that Nigerians working in international organisations
and institutions will be issued diplomatic passports. Following this,
he directed the Minister of Foreign Affairs, Odein Ajumogobia to submit
the list of those qualified within the shortest possible time to him.

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Sheriff formally reports Gubio’s death to INEC

Sheriff formally reports Gubio’s death to INEC

The governor of
Borno State, Ali Sheriff, on Monday, formally reported the killing of
Modu Gubio, the All Nigeria People’s Party (ANPP) gubernatorial
candidate for the state, to the Independent National Electoral
Commission (INEC) in Abuja.

Mr. Gubio was one
of a number of ANPP leaders who was killed on Friday in Maidugari. Also
killed were Goni Sheriff, the younger brother of Governor Sheriff, and
five others.

Mr. Sheriff told
journalists, after meeting with electoral boss, Attahiru Jega, that his
mission to INEC was to notify the commission of the death of “their
governorship candidate.”

He, however, said that while security operatives were doing their
work to uncover those behind the killing, “we will not be deterred.”

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Supreme Court schedules hearing date for kingship suit

Supreme Court schedules hearing date for kingship suit

The Supreme Court
on Monday has set March 1 as the date to entertain the main appeal
filed by the Ohinoyi of Ebiraland, Ado Ibrahim, against a judgment that
ordered his vacation of the stool in 1996.

The presiding
judge, Aloma Murthar, adjourned hearing on the appeal to enable all
parties with sundry motions to file and serve the relevant parties.

“We must create
time to deal with all pending motions before we commence hearing on the
main appeal. All these arguments will be sequentially done on March 1,”
the judge said.

Mr. Ibrahim had
approached the court to vacate a judgment delivered by the Ayangba High
Court on April 5, 2006 in Kogi State and upheld by the Appeal Court in
Abuja. The trial court had in that judgment ordered Mr. Ibrahim to stop
parading himself as the Ohinoyi or Attah of Ebiraland. The judgment
also ordered members of the Ebira Traditional Council to take steps to
appoint a new paramount ruler to replace Mohammed Sanni, who died in
1996.

Ahmodu Anivassa and six others had instituted the suit against Mr.
Ibrahim; the former military administrator of Kogi, Lassa Afariya; the
attorney-general of the state; and two others.

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Nigeria set to eradicate leprosy

Nigeria set to eradicate leprosy

The minister of
health, Onyebuchi Chukwu, on Monday in Abuja, restated the federal
government’s commitment to fight against leprosy.

Speaking in
commemoration of the World Leprosy Day, with the theme ‘Nigeria at 50:
Celebrating Success in Leprosy Control’, Mr. Chukwu urged Nigerians to
join in the cause to eliminate the disease from the society.

“Let me
re-emphasise that leprosy is curable; its treatment is free and it is
unfair to stigmatise or discriminate against people affected by
leprosy.

“I will like to
assure the nation that we remain fully committed to the idea of a
country without leprosy, and we intend to continue to fight against
this disease as long as it is necessary,” he said.

The minister, who was represented by Philippa Momah, the head of the
family health department of the ministry, noted that the ministry has
introduced leprosy services in secondary and tertiary health
institutions.

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UNIJOS resumes on Thursday

UNIJOS resumes on Thursday

The Vice-Chancellor of the University
of Jos, Sonni Tyoden, has said that the school will resume classes on
Thursday, February 3.

“With the restoration of peace and
order, normal academic activities will commence this Thursday,” Mr
Tyoden told journalists in Jos on Monday. The Vice Chancellor said that
the management is satisfied with the security measures put in place to
ensure the safety of the university community. He expressed regret that
17 students sustained gunshot injuries in the fracas with some
miscreants. “Happily, none of the 17 students has died; I think it is
necessary to make that clarification to assuage anxious parents, who
are naturally curious about the welfare of their wards.” “The
management has visited the hospitals where the injured were being
treated and can confirm that some have been discharged.” The
Vice-Chancellor said that there has been high level security talks with
the Special Task Force (STF) to secure the inhabitants of the
university community. “Our assessment of the security situation shows a
great improvement. Moreover, we now have a reinforcement of the STF
guarding our environment. Last week’s encroachment into the institution
remains the first time we were directly attacked,” he said.

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Nigeria’s debut Eurobond listed on London Stock Exchange

Nigeria’s debut Eurobond listed on London Stock Exchange

Nigeria’s $500 million debut Eurobond
was yesterday admitted to trading at the London Stock Exchange’s (LSE)
Main Market. The bond, which was 2.5 times subscribed, netting $1.25
billion, offers an annual interest rate of 6.75 per cent, and matures
in January 2021.

A statement by the LSE said the
offering creates a benchmark US Dollar bond yield curve that should
lead to lower borrowing rates for Nigerian companies issuing corporate
bonds in the domestic and international markets.

“Cheaper and easy to access debt finance is fundamental to the growth prospects of Nigerian companies,” the statement added.

Ibukun Adebayo, head of Business
Development – Africa, at London Stock Exchange Group, said the choice
of London as the market to issue its first sovereign debt is the
beginning of the next phase in the development of the Nigerian
corporate bond market.

“The fact that London was selected for
such a significant transaction reflects the city’s status as the
world’s most international financial centre, with the knowledge and
expertise to successfully price a brand new sovereign bond,” Mr.
Adebayo said.

Investors from 18 countries spanning
Europe, the United States, Asia, and Africa took up the offer, which
opened and closed on January 21, finance minister, Olusegun Aganga,
said.

“Investors are impressed by Nigeria’s
credit story and were very keen to participate in the offering. More
remarkable is the exceptional quality and diversity of investors from
18 countries spanning Europe, the US, Asia and Africa,” Mr. Aganga
said, after the close of the book.

He added that Nigerian corporate scene
can now more easily access well-priced long term financing from the
international capital markets to fund economic opportunities such as
infrastructural development.

“We now have a transparent and internationally observable benchmark
against which international investors can accurately price risk. My
expectation is for an increase in capital inflows and FDI (foreign
direct investment) into the economy,” he added.

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More firms meet capital base requirement

More firms meet capital base requirement

Ten stockbroking
firms out of the suspended 65 at the Nigerian Stock Exchange (NSE) have
met the N70 million minimum capital base requirements stipulated by the
Securities and Exchange Commission (SEC), the market regulator.

While 61 of the
suspended dealing member firms were suspended for inadequate
shareholders fund in their 2009 audited accounts, five others were
sanctioned for inadequate shareholders fund in their 2010 audited
accounts.

The NSE, in its
updated list of the affected companies, posted on its website on
Monday, two weeks after the sanction, noted that BGL Securities,
Intercontinental Securities, Cowry Asset Management, DBSL Securities,
and De-lords Securities have complied. The other five firms are
Peninsula Asset Management & Investment Company, Valmon Securities,
First Inland Securities & Asset Management, Independent Securities
and Vetiva Securities.

Wale Oluwo,
managing director of BGL Securities, one of the companies that just met
the requirement, said the suspension “almost had negative effective” on
the company while it hurriedly had to raise the new capital base.

Meanwhile, a
stockbroker whose company was not affected, David Adonri, chief
executive officer of Lambert Trust and Securities Company Limited, had
said that with the new capitalisation, “Nigerian stockbrokerages would
probably be the highest in the world.”

“In India, the
fourth largest economy, the maximum capital for stockbroking firm is
equivalent to N2 million. The initial N20 million required in Nigeria
is even over capitalisation,” Mr. Adonri said.

Meanwhile, the NSE had assured investors who are clients of the suspended stockbroking firms of the safety of their investments.

Emmanuel Ikazoboh,
the interim administrator of the Exchange, said, “A circular (was
issued) to remind all suspended dealing members firms of their duty to
instruct and appoint another stockbroker to carry out the mandate they
had gotten from their clients prior to their suspension.”

Mr. Ikazoboh said
the circular was in line with the Article 57 (d) of the ‘Rules and
Regulations Governing Dealing Members’ which provides that “the dealing
member shall be under a duty to instruct and appoint another dealing
member to carry out any instructions already received by it on behalf
of its clients prior to suspension and shall immediately notify the
Exchange in writing of such appointment.”

He, however, said most of the affected firms have complied with the directive.

Mr. Ikazoboh urged
the affected companies to “ensure that its innocent clients do not
suffer any loss or embarrassment as a result of the suspension.”

“The Exchange would not tolerate any complaint received against any
dealing member firm for failing to carry out instruction received by
the firm prior to the suspension,” he said.

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