Breaking News in Nigeria Today Monday 9th March 2020
Here are some of the Breaking News in Nigeria Today Monday 9th March 2020 on some of the nation newspapers .
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My greatest challenge in office, by Justice Bulkachuwa
Justice Zainab Bulkachuwa bowed out as President of the Court of Appeal Thursday last week after attaining the mandatory retirement age of 70. In this interview with journalists from selected media houses, she speaks on her greatest challenge while in office, funding for judiciary, election petition cases and sundry issues. AKEEM NAFIU was there What is your greatest challenge on the Bench and while in office as President of the Court of Appeal? My greatest challenge while in office bordered on negative media reporting. Most of the…
EFCC arraigns bank official for N12.6m fraud
The Economic and Financial Crimes Commission (EFCC), has arraigned an account officer of Polaris Bank, Keshinro Babatunde, before an Ikeja Special Offences Court, Lagos for allegedly stealing the sum of N12.6million. Keshinro is facing a 9-count charge bothering on stealing and forgery contrary to Sections 287, 365, 337 and 411 of the Criminal Law of Lagos State of Nigeria, No 11, 2015 According to the EFCC prosecutor, Bilkisu Buhari, the account officer allegedly forged a Skye Bank, now Polaris Bank’s cheque No.47423262 dated 16th August,…
Bello: Why we’re making N1bn available to each state
Managing Director/CEO, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, a fortnight ago, in Abuja, hosted Katsina State Governor, Alhaji Aminu Masari, to a meeting where the duo sealed an agreement to establish sesame and hibiscus processing plant in that state. Bello spoke to journalists after the meeting. Abdulwahab Isa reports There is conscious effort by Federal Government to make non-oil sector the hub of the economy. However, the snag lies with the quality of products in terms of value addition to meet international standards. Now that NEXIM Bank…
Nigeria’s laws have been twisted to suit ambitions of politicians – Assam
Amb. Assam E. Assam is Nigeria’s former envoy to Russia, a former Attorney-General and Commissioner for Justice in Akwa Ibom State and a Senior Advocate of Nigeria (SAN). In this interview with Tony Anichebe, he speaks on the state of the nation and issues concerning governance in Akwa Ibom State from Obong Victor Attah’s era till date The recent Supreme Court judgement on the lmo State governorship election has generated mixed feelings among Nigerians. What is your take on it as a legal practitioner? I…
11 Plc: Operational costs hurt earnings
… as oil firm seeks delisting Volatility in the overall economic and business climate is taking a toll on the earnings of 11 Plc as it proposes to exit NSE. Chris Ugwu writes O il and gas sector of the Nigerian economy like other sectors has remained very challenging with enormous economic and security issues. The consequence of rapid devaluation of naira has wiped out billions of naira in market capitalisation for Nigeria’s fledgling oil and gas companies. Challenges of insecurity and…
Aviation: Nigerian carriers on edge over COVID-19
?Airlines’ losses mount SETBACK These losses could climb to over $200 million if the crisis continues into next month N igerian airlines are on the edge over how to curb the spread of Coronavirus as more airlines across the globe are cutting flights and applying measures to curtail the deadly virus that is expected to affect global airlines’ bottom line to the tune of $113 billion, according to the International Air Transport Association (IATA) in its latest forecast on global airline outlook. These losses could climb…
Oil: Nigerian cargo loiters as apathy threatens turnover
GLUT Millions of crude oil barrels from Nigeria slated for export this month (March) have yet to be purchased F ifty-five fully loaded crude oil cargoes from Nigeria at the weekend loitered as buyers’ growing apathy threatened the country’s oil prosperity at the global market. This number of unsold cargoes, crude loading schedule showed, is about 70 per cent of April-loading from Nigeria that are “yet to find buyers, a marked decline from the normal pace of sales.” Nigeria, Africa’s biggest exporter of crude, depends largely…
Insurers: Pushing for growth amid suitable tax regime
As the new Finance Act 2019 comes into effect, the insurance sector is all out for profitability, prompt claims and dividend payments under an appropriately capitalised and regulated milieu. Sunday Ojeme reports F or years, Nigerian underwriters had operated their business under the strangulation of unnecessary tax burden that ate deeply into their profits as well as dividends for shareholders. Despite successive outcry for the Federal Government to tamper with the tax law in their favour, the operators were ignored even when the industry itself was…
N39.6bn project: Contractor disappeared after moblisation, witness tells panel
C hairman of the Government House Projects Committee under Governor Rochas Okorocha and former Principal Secretary to the former governor, Dr. Paschal Obi has told Judicial Commission of Inquiry into Contracts awarded between 2011 and 2019 that a contractor awarded the project merely designated as ‘Sundry Capital Project’ at Area K World Bank, Owerri absconded with money paid to him without executing the $110 million (N39.6 billion) project. At the last sitting of the Judicial Commission, Obi, who also signed the contract award letter without the contractor counter-signing the contract…
N2.9bn car loan: My request in order, says Bayelsa gov
B ayelsa State Governor, Senator Douye Diri, has defended his request to the state House of Assembly for a loan facility of N2.9 billion, which was last week granted by the legislature. Speaking with senior journalists in Lagos at the weekend, Diri justified the request, saying contrary to insinuations in the public; the money was meant to purchase vehicles for senior government officials, members of the House of Assembly and judges in the state. He said the process of securing the loan had been made transparent as part of the…
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