Management
EFCC has recovered over $100 million for NPA – chairman
The chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, says the agency has recovered over $100 million for the Nigerian Ports Authority Bawa said the recovery was part of the outstanding remittances owed to the country through the Nigerian Ports Authority. In 2017, the federal government had terminated the boat pilotage agreement it signed with Intels, after Abubakar Malami, attorney-general of the federation (AGF), said it violated the constitution. The company was also accused of not paying taxes in 2017 — the same year NPA accused it of failing to remit an outstanding debt. Speaking at the weekly ministerial briefing organised by the presidential media team at the presidential villa, Abuja, on Thursday, Bawa said EFCC had made recoveries directly for the...
Dangote Cement completes issuance of N50 billion bond programme
Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. In a statement on Tuesday, the cement producer said the bonds were issued on May 26, 2021 at coupon rates of 11.25 percent, 12.50 percent and 13.50 percent for the three, five and seven-year tranches respectively. The bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange. Dangote Cement said that the proceeds of the bond issuance will be deployed for the company’s expansion projects, short-term debt refinancing and working capital requirements. “Aside from this first issuance of a traditional bond under the new Multi-Instruments Programme, Dangote Cement has registered a programme ena...
Lagos-Ibadan train service to begin full operation on Tuesday
The Nigerian Railway Corporation (NRC) says it will begin full operation of the standard gauge railway service from Lagos to Ibadan on Tuesday. The Management of NRC said this is a statement signed by the Lagos District Manager, Jerry Oche, in Lagos on Sunday. According to him, the Lagos-Ibadan train services will now be available in the mornings from Tuesday. “The updated time table for Tuesday to Friday is as follows: Lagos to Ibadan at 8:00 a.m. from Mobolaji Johnson Station at Alogo megi Ebute – Meta Lagos. Also, the train will take off from Ibadan to Lagos at 8:00 a.m. from Obafemi Awolowo Station at Moniya. “The train will take off from Lagos to Ibadan at 4:00 p.m. from Mobolaji Johnson Station Alagomji, while from Ibadan to Lagos at 4:00 p.m. from Obafemi Awolowo Station at Moniya. ...
ITF chief: President Buhari providing quality leadership skills
Industrial Training Fund The Director General of Industrial Training Fund (ITF), Joseph Ari, said President Muhammadu Buhari has provided quality leadership through Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo and his counterpart, Amb. Mariam Yalwaji Katagum which has unleashed innovations and creativity of various agencies under their control. Ari in a press statement signed by Director, Public Affairs Department, Suleyol Fred Chagu, in Jos on Friday after the formal presentation of the ITF Mobile Android GSM smart phone to President Muhammadu Buhari at the Presidential Villa, Abuja, credited the achievement to the inspirational leadership and support to the Ministers. He said the ITF mobile phone, which was comparable in quality to any other brand of Android...
Sokoto governor rejects honorary degree by Sudanese university
Governor Aminu Waziri Tambuwal of Sokoto State has rejected the honorary degree offered to him by a Sudanese University on the ground of the insecurity in the country. Nahda International University College (NIUC), Khartoum, Sudan, proposed to confer on the governor, who was attending the graduation ceremony of the 38 students of Sokoto who bagged degrees in Medicine among other related courses in the institution and Ibn Sina University. A statement signed by the spokesman of the governor, Muhammad Bello, said Tamuwal informed the management of the two universities that he would not accept the offer because of the prevailing security situation in Nigeria. “I won’t be able to oblige your humble request because of the condition in which my country finds itself at this time,” he said. “But yo...
Antonio Conte unconvinced by Tottenham project
Antonio Conte has major doubts about becoming Tottenham’s next head coach and is inclined to turn them down, according to Sky Italy. Spurs have been in talks with the former Chelsea boss, who left Inter Milan after winning Serie A last month. But after considering the role for several days, Conte remains unconvinced Spurs are a team ready to win trophies immediately. The Italian has won five league titles in the last decade and is looking for another ‘winning project’. He is trying to understand if it is possible to bridge the gap with the top four or five Premier League teams in a short period of time – with Spurs having finished 24 points behind champions Manchester City. It is understood Spurs would not pressure him to win trophies. If the parties fail to strike a deal, Conte could also...
Chelsea’s Champions League final squad confirmed
Thomas Tuchel has named his 25-man squad for the trip to Portugal to face Manchester City in the Champions League final. Our head coach looks set to have a full squad to choose from in Porto, with his 25 players flying to Portugal today ahead of Saturday’s final, following N’Golo Kante and Edouard Mendy’s return to training yesterday after picking up injuries in our last two Premier League fixtures. ‘N’Golo is looking good and I hope he stays like that for Saturday,’ said Tuchel. ‘Edou made a huge improvement with the management of pain from when the injury happened, which is good. We hope to have him back. If he is fit, then Edou will play.’ Chelsea squad listed below in squad number order Kepa Arrizabalaga Antonio Rudiger Marcos Alonso Andreas Christensen Jorginho Thiago Silva N’Golo Kan...
Lagos registers over 400 money lenders, vaccinates 2,500 intending pilgrims
Lagos State Government has disclosed that it has registered over 400 money lenders in the last two years, just as it noted that it has also vaccinated over 2,500 intending pilgrims for the next hajj. Making this disclosure at a ministerial press briefing to commemorate the second year in office of the state Governor, Babajide Sanwo-Olu, at the Press Centre in Ikeja yesterday, the state Commissioner for Home Affairs, Prince Anofiu Elegushi, stated that the ministry is in partnership with the Money lending sector in a way that most of such organisations are mandated to register with the ministry for the coordination of their activities. According to him, “In return, the ministry has registered, profiled and monitored the viability of such companies to ensure that while the money lenders are ...
SERAP urges President Buhari to tell Nigerians spending plan for James Ibori loot, others
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently direct Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to disclose spending details of the $700 million looted funds reportedly recovered by the Federal Government in the past four years, including the list and location of projects completed with the money, as well as details of the contractors that executed the projects.” SERAP also urged him to “direct Mrs Ahmed to disclose how the government plans to spend the returned £4.2m Ibori loot, including details of planned capital expenditure, and whether there is any plan to ensure that the money and any future returned Ibori loot would be spent to achieve justice and effective remedies for victims of corruption in...
Senator calls for removal of AGF over remarks on herdsmen
Senator representing Osun Central Senatorial District, Dr. Ajibola Basiru, has called for the immediate removal from office of the Attorney General of the Federation, Alhaji Abubakar Malami, SAN, over his argument, equating open grazing with Southerners’ selling spare parts in the North. Dr. Basiru, who spoke in his personal capacity as a patriot and Senator said that, “anyone who cannot rise above primordial sentiments and pursuit of parochial ethnic agenda need not occupy position of trust especially at this time of sectional agitations. It was not dignifying of the status of the nation’s Attorney General and Minister of Justice to make such remarks. The Senator said that equating the activities of nomadic herdsmen, destroying people’s means of livelihood with others, legitimately carryi...
Kano council boss laments influx of illegal miners from Zamfara
Bashir Abdullahi Kutama, Chairman of Gwarzo Local Government Area in Kano State, has raised concerns over the influx of Zamfara-based miners into his locality for illegal mining operations. The Chairman raised the alarm during a town hall meeting on Thursday with representatives of security agencies, village heads, transport unions and sections of the public. The meeting was intended to streamline modalities to improve and strengthen security of lives and property in his area. Kutama told his audience that he had recently introduced a migrants registration system in all parts of the local government, directing traditional leaders to form security watch committees in their respective communities. He added that the local government management was taking adequate precautionary security measur...
Rice millers protest ‘multiple taxation’ in Ebonyi
Rice millers in Abakaliki, Ebonyi State, have protested against what they claimed to be multiple taxation in the state’s mill market. The millers, who decried alleged extortions of traders by the management of the market, called on the state government to find a lasting solution to it. They appealed to the government to review its revenue policy and reduce the increased taxes. The protesters carried placards with different inscriptions such as, “Management should not take rice mill as their father’s business”, “We are tired of the multiple and high taxes”, “We need an elected chairman and not Caretaker Committee to move development forward in the mill.” Speaking with journalists in Abakaliki on Tuesday, Chukwuma Eniokoro, the chairman of millers in the market, said they embarked on the pea...
