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Presidency: President Buhari never promised to make N1 equal $1

The Presidency has said that there was not a time when President Muhammadu Buhari promised to make N1 equivalent to $1. The Special Adviser to the President on Media and Publicity, Femi Adesina, said this on a Channels Television programme, Sunday Politics, on Sunday. Adesina, who also addressed complaints about the economy by Nigerians, including former Vice President Atiku Abubakar, said of the often quoted promise by Buhari to make N1 exchange for $1: “It does not exist, it is fake, it is false, it is apocryphal, it doesn’t exist.” He further told Channels Television that the Minister of Information and Culture, Alhaji Lai Mohammed, has debunked the claim several times and challenged anyone with clips and publications of the President promising such to make them available. On the critic...

Court declares SEC sanctions against Oando management null, void

Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...

Niger governor decries level of corruption in Nigeria

The Niger State Governor, Alhaji Abubakar Sani Bello, has decried the level of corruption in the country’s political and economic environment, insisting that corruption is endemic in all the facets of the nation’s life. Speaking at a two-day ‘Get involved leadership’ training in Minna Wednesday, Governor Bello said: “The problem with Nigeria today is enormous, every sector is corrupted. There is no country that can develop with the level of corruption we have. According to the governor, “When you have a system where only limited or few people are transparent, the system can never work.” He submitted that as a result of the high level of corruption in the polity, political positions either elective or those appointed have always gone to the highest bidder, a development he described as unac...

Niger community embark on protest over lack of electricity supply

File Photo The Hausawa community in Sabon-Dikko, Gurara Local Government Area of Niger State yesterday protested against the lack of electricity and other basic social amenities in the area. The community claimed that for one year after the transformer they bought through community efforts got burnt beyond repairs, and requests made to the Abuja Electricity Development Company (AEDC) for its replacement, the area has remained without electricity. The community, which claimed to have one million population, also decried the absence of educational institutions, health facility and potable in the area. In a protest letter sent to the state Governor, Alhaji Abubakar Sani Bello, the Senator representing the area in the National Assembly, Alhaji Mohammed Sani Musa, and the AEDC, the community la...

Lagos deputy governor: Nigeria must not disintegrate

Dr Obafemi Hamzat, Lagos State Deputy Governor on Tuesday urged religious leaders to propagate peace and morals so as to avoid disintegration but engender unity among Nigerians. Hamzat made the appeal during the 40-day Fidau prayer for late Alhaji Lateef Jakande, former governor of the state. He said that religion, being the strongest pillar in Nigeria, had the people’s heart and respect. He charged the clerics to help the citizens to act in accordance with the norms of the society and shun all anti-social vices. The deputy-governor also implored the clergymen to propagate the gospel of a better use of Lagos roads by urging motorist to avoid driving against traffic. “People respect their religious leaders and they do listen to them. “So, please do not leave the preaching of moral values to...

Fire destroys shops, property worth billions of naira at Katsina central market

Hundreds of shops were burnt to ashes following a fire outbreak at Katsina Central Market on Monday, newsmen report. The fire started at around 8 a.m., on Monday, from some shops located at the centre of the market, before it spread to other parts. The fire is still raging as at about 12:30pm, in spite of efforts of firemen to contain it. The inferno had destroyed property worth billions of Naira, mostly belonging to traders selling clothings, shoes, kitchen utensils, carpets, plastics among others. Some of the traders affected said they had no idea how the fire started, but added that they had lost everything in their shops to the fire. Alhaji Harisu Abdullahi, whose shop was among those destroyed, said it was difficult to ascertain the cause of the fire, and has left everything in the ha...

NCAC boss: Promoting Nigerian food culture is collective responsibility

The Director General of National Council for Arts and Culture (NCAC), Otunba Segun Runsewe, has said the promotion of Nigerian food culture was a collective responsibility as it encourages healthy living, create employment opportunities for our teeming unemployed youths and open up business opportunities at the micro and macro levels. Runsewe, who disclosed this at a press conference in Abuja, said the media parley was intended to draw attention of Nigerians to the need to patronise made-in-Nigeria food, promote the Nigerian food culture and discourage the consumption of foreign foods most of which he said were preserved with chemicals that had long time negative effects on our human body. He added that all nations of the world were devising various strategies of mitigating the effects of ...

Southwest APC governors call for the re-evaluation of party’s constitution

Ogun State Governor, Prince Dapo Abiodun, has stressed the need for the continuous re-evaluation of the Constitution of the All Progressives Congress (APC) to reflect its democratic tendencies, where members practice and ensure internal democracy. Governor Abiodun, who stated this at the APC Constitution Review (South West Stakeholders Meeting) held at the June 12 Cultural Centre, Abeokuta, noted that it was time to tinker with the Constitution to make the party more potent and acceptable to the people. He said, “It is important that we come together to appraise ourselves as members of this great party, and, even look critically at the structure of our party. This will give us the opportunity to evaluate the journey so far. It is a period of self-examination”. “In doing this, the Constitut...

Justice Onnoghen: Why I was sacked as CJN

The Leader Former Chief Justice of Nigeria, Walter Onnoghen, on Friday, stressed that Nigeria as a nation may not record any meaningful achievement in life until they are able to free the nation’s judiciary from the stronghold of politicians. Onnoghen who spoke publicly for the first time since his removal from office two years ago, attributed his sack to political manuevre. The former CJN, who was speaking at the unveiling of a book titled ‘Fundamental Rights (Enforcement Procedure) Rules, 2009, Practice, Procedure, Forms and Precedents’, by a legal luminary, Chief Ogwu James Onoja (SAN), attributed his sack to political intrigues. Onnoghen revealed that prior to his removal, he was accused by the executive of having met with former Vice President, Alhaji Atiku Abubakar in Dubai, United A...

Minister: Asari Dokubo’s Biafra declaration is a joke by an attention-seeker

The Federal Government has dismissed the reported formation of a Biafra Customary Government by an ex-Niger Delta militant, Mujahid Asari-Dokubo, as a “theatre of the absurd by a joker seeking attention’’. Speaking with newsmen on the development in Lagos on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, said President Muhammadu Buhari’s regime would allow itself to be distracted by the absurdity. The Minister said: “I am sure you have heard of the theatre of the absurd, that is the best way I can describe it. “If Asari Dokubo wants to form and run a phantom government, I think he is free to do so. This administration will not be distracted because we still have a lot to do. ‌“We are not ready to give any attention or time to a joker like Dokubo who is just looking f...

Nigerian government distributes N20,000 each to 2,900 women in Benue

The Federal Government has disbursed N20,000 each to 2,900 women in Benue to improve their living standards. Mrs Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this on Saturday in Makurdi during the inauguration of the grant for rural women project. Farouq, represented by the Permanent Secretary, Alhaji Bashir Alkali, said that a cash of N20,000 would also be disbursed to about 125,000 poor women across the 36 states of the federation including the Federal Capital Territory. “Our target in Benue is to disburse the grant to about 2,900 beneficiaries across all local government councils. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make ...

PDP advises federal government against increasing pump price of petrol

The Peoples Democratic Party (PDP) on Friday advised the Federal Government against increasing pump price of petrol. The party in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase pump price of petrol to N212 would worsen the economic and social situations of Nigerians. This was in reaction to a debunk report that the Petroleum Products Pricing Regulation Agency (PPPRA) on Thursday night released a template that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March. Ologbondiyan said that the N212 per liter reportedly contemplated in the March pricing template was not in the best interest of Nigerians. “It is a barefaced fact that there is no way that Nigerians can survive such hike in fue...