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Nigerian government seizes bank’s assets over Shell’s N183 billion debt
File Photo Nigerian government have moved to sequester the assets of the country’s premier lender First Bank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday. Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset, FirstBank said in a statement. The bank said the incident leading to the confiscation of its properties was “unjustified, illegal and a reckless misuse of the machinery of justice.” Lagos-headquartered FirstBank resolved to guarantee the damages awarded against Shell by a Rivers State high court judge a decade ago. According to the estimation...
Donald Trump mired in ‘self-pity’ as rift with allies deepens amid impeachment
Donald Trump has reportedly reverted to “self pity-mode” following his impeachment amid frustration that his Republican allies are failing to defend him. A White House adviser told CNN “everybody’s angry at everyone” inside the White House following the ratification against the president for “incitement to insurrection.” “He’s in self-pity mode,” the source told the broadcaster. On the other hand, the view among a number of those who are close to the US president is that “his actions led to here, no one else,” the source explained. “He instigated a mob to charge on the Capitol building to stop decertification, he’s not going to find a lot of sympathetic Republicans.” The White House did not immediately respond to The Independent’s request for comment on the claims. The siege on the Capitol...
Femi Falana raises alarm over planned commercialisation of coronavirus vaccines
Naijaloaded The Alliance for Survival of COVID-19 and Beyond, a coalition of labour and civil society groups being led by a Senior Advocate of Nigeria, Femi Falana, has urged Nigerians to resist any attempt by health workers to commercialise Covid vaccines expected in the country anytime soon. ASCAB Deputy Chairman, Sina Odugbemi, stated this on Tuesday while featuring on Channels Television’s Politics Today programme monitored by newsmen. Odugbemi said, “When it (vaccine) comes in, people may want to trade with it and there may be preference for the high and mighty. We should anticipate these things and put in place machinery to ensure that we scale the hurdle because the Nigerian factor will come into play when the vaccines come in. “There will be special preference. In fact, health offi...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
OPC slams President Buhari over increase in electricity tariff
File Photo The Oodua Peoples Congress has accused President Buhari of being insensitive to the plights of Nigerians, saying the sudden increase in the electricity tarrif is brutish and inhuman, describing it as an attempt to fuel national crisis. The group also restated its support and commitment to true federalism on the basis of regionalism, adding that Nigeria cannot make any meaningful progress with the 1999 Constitution, which it described as a democratic albatross. At a marathon meeting of the leadership and National Coordinating Council of the group in Lagos, the OPC, led by its National Coordinator and Aare Ona Kakanfo of Yorubaland, Iba Gani Abiodun Ige Adams, in a statement signed by the National General Secretary and Publicity Secretary, Babajide Tanimoowo and Yinka Oguntimehin,...
Police foil armed robbery attack in Nasarawa
The Nasarawa State Police Command has foiled an armed robbery attack at Gidan Gambo community along Lafia-Shandam road with the attempt to rob unsuspecting commuters at about 10:45 on Sunday night, January the 3rd. A statement signed by the Nasarawa State Police Public Relations Officer, ASP Ramhan Nansel, and issued to reporters in Lafia, said that the Command had received a distress call that hoodlums suspected to be armed robbers had blocked the road at Gidan Gambo along Lafia-Shandam road with the intent to rob unsuspecting commuters. ‘Upon the receipt of the information, the Commissioner of Police mobilised police personnel attached to Assakio Police Station and a team of Safer Highway personnel to the area where a gun duel ensued. Consequently, the hoodlums were dislodged and one yet...
PDP: Nigerians fed up with President Buhari’s government
The Peoples Democratic Party (PDP), on Sunday, maintained that Nigerians have become fed up with the Muhammadu Buhari administration and are now rallying under the main opposition party. In a statement issued in Abuja by its national spokesman, Kola Ologbondiyan, the PDP described the recent attack on it by presidential spokesman, Garba Shehu, “as a feeble kick of a weak horse, in another failed attempt to beguile Nigerians.” Recall that the presidential spokesman had described the PDP as “a university of lies.” The PDP said it is not surprised that “the Buhari Presidency is rattled by the bitter truth that Nigerians are fed up with President Muhammadu Buhari as well as his All Progressives Congress (APC) and are rallying on our platform to rescue our nation from misrule.” The party noted:...
PDP: Nigerians fed up with President Buhari’s government
The Peoples Democratic Party (PDP), on Sunday, maintained that Nigerians have become fed up with the Muhammadu Buhari administration and are now rallying under the main opposition party. In a statement issued in Abuja by its national spokesman, Kola Ologbondiyan, the PDP described the recent attack on it by presidential spokesman, Garba Shehu, “as a feeble kick of a weak horse, in another failed attempt to beguile Nigerians.” Recall that the presidential spokesman had described the PDP as “a university of lies.” The PDP said it is not surprised that “the Buhari Presidency is rattled by the bitter truth that Nigerians are fed up with President Muhammadu Buhari as well as his All Progressives Congress (APC) and are rallying on our platform to rescue our nation from misrule.” The party noted:...
Edo election: APC, deputy governor bicker over court case
Edo State chapter of the All Progressives Congress (APC) and the Deputy Governor of the state, Rt. Hon Philip Shaibu has engaged in a war of words over a pre-election matter in the court as Shiabu alleged that the former National Chairman of the APC, Comrade Adams Oshiomhole had recently said that the Supreme Court would give his party victory like the case of Imo state. But in a statement yesterday by the State Publicity Secretary of the APC, Chris Azebanmwan, the allegation which he described as weighty was false and that Shaibu was engaging in a smear campaign against Oshiomhole. He said, “The statement which he credited to Comrade Adams Oshiomhole is a blatant falsehood as no such words emanated from the elder statesman. It is a smear campaign that is aimed at tarnishing the pristine i...
Edwin Clark remains our leader in Kiagbodo council, ward – PDP chieftain
A Peoples Democratic Party (PDP) chieftain has declared that elder statesman, Chieftain Edwin Kiagbodo Clark, remains the leader of the Party in the local government area and the ward despite not being a registered member of the Party. Mr. Akpodikumo Oweiagbe Okosuye, the Chairman of the PDP of Ward 8 (Kiagbodo), Burutu Local Government Area of Delta State, made this declaration when he condemned a recent protest by Messer Paul Oruma and Godwin Gbogiemi over the outcome of the peaceful councillorship primary election which made Clement Wagha and Mrs. Gift Gomeron councillorship candidates for DSIEC Ward 13 and 14 of Burutu Local Government Area respectively. In a statement signed by the Ngbilebiri II, Ward 8, (Kiagbodo) Chairman, Mr. Akpodikumo Oweiagbe Okosuye, refuted claims by Barrister...
Enugu to deal with land grabbers, fraudsters
The Enugu State Government has declared its resolve to resist any attempt by land grabbers and fraudsters to short-change the people under any guise. The Commissioner for Lands, Dr Victor Nnam, stated this when he received an award for exceptional service and leadership from the traditional ruler of Amechi Udewo, Igwe Daniel Nnamani, the Ogboo Ogu I of Amechi Udewo, Awkunanaw, Enugu State. The Commissioner said his Ministry was working assiduously to transform land administration in the State, in line with the agenda of the State Governor, Chief Ifeanyi Ugwuanyi. He said: ‘I appreciate the entire people of Amechi and Obeagu Awkunanaw. I assure you of my resolve to continue the good fight of faith against land grabbers and fraudsters, as well as the transformation of the land administration...
Nigerian National Assembly spends billions of naira on constitution review
The perennial constitution amendment exercise by the National Assembly is characterised by proposals that keep resurfacing despite gulping billions of naira yearly, an analysis has shown. The federal parliament had from the 5th to the current 9th National Assembly made several attempts to amend some provisions of the 1999 Constitution to no avail. At every session, the parliament officially spends N1 billion shared equally between the Senate and the House of Representatives. There are reports that the lawmakers spend more than what is appropriated for the exercise. While some amendments were successful, several others suffered serial failures but kept appearing in new proposals. Considering the huge spending, lawyers and civil society groups have pointed out that no significant amendments ...