Incorporation
Nigerians urged to reject PIB for failing to address key issues
Socially relevant and need-meeting organisations in partnership with civil society movements have called on Nigerians to massively reject the long-expected PIB as it has failed to address fundamental issues. Rather the organisations said that the outcome of PIB was mischievous and would compound the problems of the communities, just as it would create another avenue to make the rich even richer while the suffering communities continue to languish in difficulty and poverty. The coalition group said the PIB “failed to properly address the lingering issues of the oil and gas host communities” submitting that the recent position on critical issues is a far cry from the yearnings of oil and gas host communities. “The current version of the Petroleum Industry Bill failed to address community, ec...
NLC urges National Assembly to transform NNPC to public liability company
The Nigeria Labour Congress has cautioned the National Assembly to handle with utmost care what it described as the very sensitive issue of the unbundling of the Nigeria National Petroleum Corporation. It urged the lawmakers to transform the NNPC to a public liability company as part of the reforms of the oil and gas sector captured in the Petroleum Industry Bill. The NLC President, Ayuba Wabba, said this on Tuesday, in a statement lauding the passage of the PIB titled, ‘Congress commends the national assembly for passing the petroleum industry bill – demands that the NNPC be transformed into a public liability company.’ It stated, “We know that the process of making the PIB a law has not been completely consummated as the passed bill would still need to be harmonized by a conference of th...
Rivals say Boko Haram chief dead as jihadists battle for control
When Nigeria’s military claimed Boko Haram leader Abubakar Shekau had been badly wounded in an air strike 2016, the jihadist chief soon appeared in a video to deny another of the many reports of his impending death. Over the weekend, it was an audio from a rival jihadist group finally claiming Shekau had died, detonating explosives to kill himself rather than surrender after a raid on his forest stronghold by his Islamic State-allied enemies. The Boko Haram warlord’s death marks a major shift in Nigeria’s conflict, potentially allowing ISIS jihadists to consolidate and further challenge an already stretched army in their long war. In the audio obtained by AFP, a voice apparently of Islamic State West Africa Province (ISWAP) commander Abu Musab Al-Barnawi confirmed Shekau killed himself whi...
JAMB: CBT centres must carry names of their examination towns
File Photo Ahead of the 2021 Unified Tertiary Matriculation Examination (UTME) and direct entry registration exercise, all Computer-Based Test (CBT) centres across the nation have been mandated to feature the name of the examination town in which they are located as part of their identity for easy recognition and accessibility. The registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Is-haq Oloyede, made this known recently at a meeting with the Board’s Zonal Directors and State Coordinators. The move is to enable candidates to have a good grasp of centres within their chosen examination towns. The registrar had called on the state coordinators to ensure that examination towns are well delineated for easy location by candidates and avoid any situation where candidates wo...
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
MFM Pastor Olukoya decries link with fraud
General Overseer of Mountain of Fire and Miracles Ministries (MFM), Dr. Daniel Kolawole Olukoya, has denied involvement in any fraudulent activities as being portrayed in some sections of the media, which he accused of being bent on churning out malicious stories against him and the church. Defending Dr. Olukoya, in a statement, his media aide, Mr. Collins Edomaruse, said the seven allegations laid against the general Overseer and the MFM were without foundation, but intent to damage his reputation and destroy the global image of the church. Edomaruse also said “It has become pertinent for the purpose of clarity to respond to the false allegations being peddled against the Mountain of Fire and Miracles Ministries and our General Overseer – Dr. D. K. Olukoya in the social media particularly...
