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See the top 10 stories for Thursday, June 16, 2016

TH 25

GOVERNMENT WANTS TO INDUCE MILITANTS TO FIGHT OTHERS –  IJAW

Following the invasion of community in Delta state, the Ijaw group in the state has accused the Federal Government of not being serious about the proposed dialogue with Niger Delta militants. In a statement signed by its national president, Austin Ozobo, they criticized the unwarranted arrest and invasion of Tebujor community by troops.

The government has directed the immediate withdrawal of soldiers from communities in the Niger Delta region, amid accusations of a heavy-handed army’s response to renewed attacks on oil and gas facilities in the region. The Niger Delta Avengers  announced war on the installations, pledging to ground Nigeria’s oil production.

 

BUHARI CONDOLES GHANAIAN PRESIDENT ON LOSS OF MOTHER

President Muhammadu Buhari has offered his heart felt condolences to the family of the Ghanaian president, John Mahama, following the death of his mother,Hajia Abiba Nnaba .

According to Femi Adesina, special adviser to the president on media and publicity, Buhari prayed that Almighty Allah will grant the soul of Hajia Nnaba eternal rest and comfort all who mourn her. The president further prayed that the loving memory and virtues which Hajia Abiba Nnaba lived for will continue to inspire all who knew her and generations to come.

 

NORTH AND SOUTH WILL BE AFFECTED IF KILLING OF CHRISTIANS CONTINUE

The northern governors have been warned that the northern and southern parts of the country would be affected if the killing of Christians continue. This was the decision of the southern Nigeria Christian Elders’ forum of the Christian Association of Nigeria (CAN), south-east zone.

However, it was reported that the Christian leaders condemned the inhuman treatment meted out on Christians in the northern part of Nigeria.

 

CBN ANNOUNCES NEW FOREIGN EXCHANGE POLICY

After months of naira instability, the Central Bank of Nigeria has announced the full float of the naira. This means that market forces will determine the true value of the naira against other currencies across the world. This was announced by Godwin Emefiele, the CBN governor, at a press conference in Abuja on Wednesday, June 15. The CBN and the Nigerian government have for months held tightly to an artificial exchange rate, despite severe pressures on external reserve and foreign exchange supply crisis.

 

PRESIDENCY LAUDS REPS FOR PASSING 2 EXECUTIVE BILLS

The presidency on Wednesday commended the House of Representatives for giving prompt action to two executive bills that scaled through second reading. This was contained in a statement issued on Wednesday in Abuja by Alhaji Suleiman Kawu, special assistant to the president on national assembly matters.

According to the statement, this singular action has shown that the house is solidly behind the executive on its numerous policies aimed at making Nigeria better.

 

NLC TO SHUT DOWN BANKS IF SACKED WORKERS ARE NOT RECALLED

The Nigerian Labour Congress (NLC) has threatened to embark on industrial action if banks that sacked their workers fail to recall them. The financial institutions has been hit by a wave of mass sack with more than 2000 bankers relieved of their duties in the affected banks.

In a letter signed by the deputy general secretary of the NLC, Mr. Chris Uyot on behalf of the president, Mr. Ayuba Wabba, he accused the management of the banks of sanctioning unionism among workers and disclosed that a 21 day ultimatum will begin today, Thursday June 16.

 

FG TO BORROW TO SALVAGE AILING ECONOMY

The Federal Executive Council has approved the borrowing of money externally by the federal government for the next three years. This approval was granted at the FEC meeting which took place yesterday, Wednesday, June 15 and was headed by Professor Yemi Osinbajo.

The council also approved the review of debt management strategy for the three-year period as a way of salvaging the economy. Mrs. Kemi Adeosun who is the minister of finance disclosed this at the end of the FEC meeting in Abuja. She  said it was necessary to stimulate the private sector and financial institutions for the betterment of the country.

 

DASUKI LOSES ONE MORE BID TO STOP HIS TRIAL

Former National Security Adviser, Sambo Dasuki, has lost two separate appeals seeking to stop his current trials before two separate judges of the high court of the Federal Capital Territory in Maitama. It was reported that the appeal court announced its decision some hours after hearing  the appeal yesterday.

At the same time, an Abuja high court terminated hearing in the case of supposed diversion of N13.6 billion against him.

Dasuki is being charged along with Shuaibu Salisu, former director of finance, office of the National Security Adviser and Aminu Baba-Kusa, former NNPC executive director. Justice Hussein Baba-Yusuf after reading a letter from the prosecuting counsel, Mr. Rotimi Jacobs (SAN) asking for postponement, adjourned hearing in the case until July 4.

 

SENATE RAISES PANEL TO PROBE REPORT ON STOLEN $5.9BN OIL FUNDS

The Senate yesterday set up an ad-hoc committee to scrutinize a Nigeria Extractive Industry Transparency Initiative (NEITI) report alleging that over $5.9 billion was not remitted to government treasury in 2013 by the Nigeria National Petroleum Corporation (NNPC) and others.

The executive secretary of NEITI, Mr. Waziri Adio while briefing the Senate on the report yesterday, said his agency let out the information to push for reforms in the oil sector. He  said they publish audit report every year because they have a mandate to promote accountability and transparency in the management of resources from oil, gas and mining. Waziri further told the Senate that all the finds that were expected to be lodged in Federation account, would soon be lodged.

 

PRESIDENT BUHARI SET TO RETURN AFTER 10-DAY MEDICAL TRIP

President Buhari is to return to Nigeria today, Thursday, June 16, after his 10-day medical trip to London. The presidency had in a statement indicated that the president during the visit to the United Kingdom, met with an Ear, Nose and Throat specialist for a persistent ear infection. The 10-day holiday ended on Wednesday and the president is expected to return to Abuja today.

A source in the presidency who spoke on anonymity, said yesterday that arrangements had been put in place to receive the president today.

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