The Code of Conduct Bureau (CCB) on Wednesday explained why it denies Nigerians access to the details of the assets declared by public officers. The chair person of the bureau, Muhammad Isah, also disclosed that assets declaration would soon become online-based. Mr Isah, represented by his special assistant, Mustapha Musa, spoke in Lagos at a meeting on ‘Promoting Transparency and Accountability in Asset Declaration by High-Ranking Public Officers’. Newsmen report that the meeting was organised by the Socio-Economic Rights and Accountability Project (SERAP). On access to public officers’ assets information, the CCB chair said the bureau never honoured citizens’ requests for such information because the National Assembly had yet to give the guidelines for such public disclosure. He said the...
Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026. It is said to be the largest ever Nigerian oil and gas bond issuance. A senior note is a type of bond that must be repaid before most other debts in the event that the issuer declares bankruptcy. It is more secure than other bonds. The dual listed company said the five-year bond was well-received in the market with orders from high quality institutional investors. “The notes priced at a yield of 7.75%, representing a significant pricing reduction from its $350 million debut issuance in 2018, which priced at a yield of 9.50% , with a coupon of 9.25%,” a statement by the company read. “The offering was well oversubscribed with deman...
Zimbabwe’s President Emmerson Mnangagwa and some opposition politicians received China’s Sinovac Covid-19 vaccine in the tourist resort of Victoria Falls on Wednesday as part of efforts to encourage citizens to get inoculated. Zimbabwe has registered vaccines from China, India and Russia for emergency use but none so far from Western manufacturers. In a country where suspicion and scepticism often trump facts, Mnangagwa’s vaccination at a public event, together with opposition leaders, was meant to assure citizens that the vaccines were safe. The southern African nation had planned to administer the Sinopharm vaccine to 53 000 health workers and selected security forces when it rolled out the first phase of its programme on 18 February, but only 44 135 people had been vaccinated by Tuesday...
Some environmentalists on Monday said that unwholesome human activities had reduced the nation’s forest resources to less than 25 per cent. The environment experts made the assertion during an event in Lagos State to commemorate the 2021 World Forest Day, held every March 21, to raise public consciousness on conservation of forests. Newsmen report that the theme of the 2021 edition is “Forest Recovery, a Path and Wellbeing’’. The environmentalists, who envisaged danger as a result of depletion of forests, advised Nigerians to always replenish nature, whenever their activities caused violation of nature. At the event, Executive Director, Sustainable Research and Action for Environmental Development, Nigeria, Dr Leslie Adogame, said “with reduced forestry resources the human habitat is under...
Deputy Governor of Edo state, Comrade Philip Shaibu, and Speaker of the State House of Assembly, Hon Marcus Onabun, Saturday said the South-South geo-political zone is ripe to produce the next president of Nigeria and while calling on the leadership of the Peoples Democratic Party (PDP) to zone its presidential candidate slot to the region. The two spoke at an event to celebrate the emergence of Chief Dan Orbih as the South-South national Vice Chairman of the party held at the Benin residence of late Chairman, Board of Trustees (BoT) of the party, Chief Tony Anenih. Shaibu said, “We voted for President Buhari again and he had a second term. South-South must produce the next President of Nigeria. “Chief Dan Orbih being National Vice Chairman South-South of the PDP from our state is not by m...
Minister of Youth and Sports Development, Sunday Dare, says the 20th National Sports Festival in Edo will go ahead as planned from April 2 to April 14 under strict COVID-19 protocols. Dare also said that the reduced 8,000 athletes and officials for the Games would go through all the necessary COVID-19 protocols. The minister’s Special Adviser (Media), John Joshua-Akanji, quoted him as giving the assurance on Friday in Benin after a facility tour of the venue and meeting with Gov. Godwin Obaseki of Edo. Dare said the camp for the festival would open on April 2 while the official opening of the Games would be done by President Muhammadu Buhari on April 6. He said that said that the ministry was working with relevant health stakeholders to ensure that the COVID-19 safety protocols were observ...
The 20th National Sports Festival billed for Edo State will go ahead as planned from April 2 to April 14, Minister of Sports Development and Youth, Sunday Dare, said. Dare also said the 8,000 athletes and officials participating in the Games would go through all the necessary COVID-19 protocols. Dare spoke in Benin after a facility tour of the venue and meeting with Gov. Godwin Obaseki of Edo. Dare said the camp for the festival would open on April 2 while the official opening of the Games would be done by President Muhammadu Buhari on April 6. He said that said that the ministry was working with relevant health stakeholders to ensure that the COVID-19 safety protocols were observed. “We are working closely with the PTF, NCDC and others to ensure that the necessary support we need in terms...