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Feb 28, 2018

Cabal has taken over APC – PDP

The Peoples Democratic Party (PDP) has berated the ruling All Progressives Congress (APC) over its National Executive Committee (NEC) meeting.
It said the outcome of the meeting showed that the APC was not a credible platform for Nigerians to aspire to elective offices.
The PDP also noted that the confusion, impunity and lawlessness in the APC had further exposed the failure of the Buhari-led Presidency, adding that as a result, Nigerians will vote in a new party in 2019.
In a statement issued on Wednesday, PDP National Publicity Secretary, Kola Ologbondiyan, said the APC has blown its chances having “lost its soul and can no longer be reckoned with as a political party.”
The party also alleged that a cabal in the Presidency had overthrown the APC constitution.
“It is now certain that the APC is no longer a credible platform but an appropriated one, where only those anointed by the Presidency cabal can have the opportunity to aspire for any position within its ranks.
“The APC has been seized and is irredeemably damaged ahead of the 2019 general elections.
“From the outcome of the Tuesday’s APC NEC meeting, it is clear that the party has finally collapsed, lost all democratic credentials and can no longer provide level playing ground for its members or even other Nigerians to freely aspire for any position of their choice, particularly, the Presidency, Governorship and National Assembly positions in the 2019 general elections.
“Nigerians watched with rude shock as President Muhammadu Buhari, the African Union anti-corruption champion, directly superintended over the worst kind of corruption in a political party by overthrowing its constitution and democratic processes, all in the bid to shut out other contenders in the Presidential race, a development which further confirms that the President has lost popularity even in his own party.
“We invite all to note that whereas the APC constitution provides for a four year tenure for officials of its organs and enshrined a re-election or reappointment at the expiration of the said tenure, the Buhari Presidency muzzled the APC NEC and imposed an illegal one year tenure extension for the Chief John Odigie-Oyegun-led National Working Committee, a fiat that is not provided for in the party’s constitution,” the statement read.
“The APC is so dysfunctional that under the grip of the Presidency cabal, the party in contravention of its own constitution does not have a BOT which explains the reason it lacks conscience and failed completely in delivering good governance to the nation.
“The confusion and lawlessness that were the hallmarks of the outcome of the APC caucus and NEC meeting signpost the failures inherent in the incompetent, blundering and corrupt Buhari-led administration which has brought so much hardship and violence to our dear nation,” the PDP further noted.

NMA cries out over abduction of health personnel in Nigeria

The Nigeria Medical Association, on Wednesday expressed worries over the spate of kidnapping of health personnel in the country.
The medical body noted that about 13 health workers were abducted since 2017.
The Chairman of the NMA National Committee on Security, Dr Omolei Friday, who stated this at a press briefing in Abuja, said the Boko Haram insurgency had also led to the closure of several hospitals and health centres.
The chairman said the security challenges of terrorism, militancy, kidnapping, cultism, armed robbery and communal clashes called for a national conference where health stakeholders would brainstorm on the way forward.
He noted that the conference, which is being planned for Abuja in March, would bring together officials from the Nigeria Medical Association, the Medical and Dental Council of Nigeria, the Medical and Health Workers Union among others.
Friday said, “We are all aware that Chief Medical directors, doctors on medical missions, pharmacists, dentists, nurses and primary healthcare workers have been kidnapped and sometimes killed in the recent past. Since 2017, we have 13 persons abducted in health-related circumstances.
“Among them are; a Permanent Secretary at the Ondo State Hospital Managament, Dr Niran Ikuomola, who was kidnapped in May 2017 along with her driver on Abuja-Lokoja Expressway. Also in October 2017, four Britons working for a medical charity were kidnapped in Delta State. One of them died in the captivity.
“The consequence of insecurity of hospitals and medical workers are devastating. Primary Healthcare Centres are being shut down in zones affected by terrorism, insurgency and militancy.
“This is why the health unions and associations will be coming together inAbuja in March to hold a national confab on security of hospitals and medical practitioners. The conference recommendations will be published and distributed as ‘Medical and Health Practitioners Security Manual.’‎

NYSC releases timetable for 2018 Batch A [See Details]

The management of the National Youth Service Corps (NYSC) has announced date of registration for 2018 Batch A, stream 1 and 2 Corps members.
The information was contained in the recently updated NYSC Mobilization Time-Table For 2018 Batch A corps members.
Hide quoted text
The management of the scheme said the online registration will hold on 26 March, 2018.
See the full and complete NYSC Mobilization Time-Table For 2018 Batch A corps members as posted on the NYSC official portal below:
NYSC Mobilization Time-Table For 2018 Batch A
S/N Event Date
1. 2018 Batch ‘A’ Pre-Mobilization Workshop 5th – 9th March 2018
2. Briefing/Sensitization of Final year students/prospective corps Members. 5th March – 16th April 2018
3. Display of list of all approved programmes for institutions on NYSC portal for cross checking and feedback 9th – 13th March 2018
4. Collation of Prospective Corps Members’ Data by Corps Producing Institutions CPIs 9th – 13th March 2018
5. Submission/Uploading of Senate/Academic Board Approved Results for Full/Part-Time Graduates and Revalidation Lists by CPIs 19th – 24th March 2018
6. On-line Registration by Foreign and locally Trained Nigerian Graduates 26th March – 8th April 2018
7. Deployment and Printing of Call-up Letters by ICT Department 9th – 11th April, 2018
8. Notification/On-line Printing of Call-up Letters/Delivery of Call-up letters to Institutions (stream I) 12th – 15th April, 2018
9. On-line Printing of Deployment Disposition by Corps Producing Institutions (CPIs) 12th – 16th April, 2018
10. 2018 Batch ‘A’ Orientation Course (Stream I and II)

My husband got Imam to sleep with me for rituals – Wife tells court

A divorce seeking wife, Musilimotu Olashuyi, on Wednesday told the Igando Customary Court in Lagos that her husband employed an Islamic preacher to have sex with her for money-making ritual.
The 48 year old woman, claimed that she introduced her husband, Gbenga Olashuyi, 55, to the unnamed Alfa because she used to frequent his mosque for prayers.
Olashuyi said her husband’s business wasn’t going well, a situation that made her to introduce the Alfa to him.
According to the News Agency of Nigeria, Musilimotu said the Alfa ended up committing adultery with her, on the instruction of her husband.
She said, “It was with my husband’s consent that the Alfa slept with me for three days,’’ Musilimotu disclosed, while praying the court to dissolve the marriage.
She alleged that her husband had also conspired with the Alfa to use her for money ritual.
She narrated to the court, “Actually, my husband got to know the Alfa through me because I always go to his mosque to pray.
“When he told me that my husband’s business was not moving fine, I brought him home to meet my husband.
“Before I knew what was happening, my husband had conspired with him to use me for money ritual. It was with my husband’s consent that the Alfa slept with me for three days.
“After the incident, I started getting sick and getting emaciated and I told the people around me what happened, which led to the arrest of the Alfa; but my husband ran away.
“Gbenga resurfaced at the station after the Alfa brought a remedy to cure me.”
Musilimotu alleged further that Gbenga had refused to repay a loan she collected on his behalf in which she stood as the guarantor.
She said that Gbenga packed out her belonging from his house last October and stole N1m belonging to her.
Musilimotu pleaded with the court to terminate the union, saying that she was no longer in love with Gbenga after four years of marriage.
But Gbenga told the court that it was Musilimotu who lured him to buy the coffin for the money ritual to turn their fortunes around.
“My wife and her concubine persuaded me to buy a coffin for money ritual and she brought the Alfa to the house,” Gbenga said.
He added that the cleric had told him that God revealed to him that his business was collapsing and that he would make some rituals for him.
“I agreed to make the ritual because truly, my business was not moving well. Since that day, my wife has been coming home with the Alfa and with different objects and concoctions for me to drink and have my bath with.
“Later, Alfa asked me to bring N800,000 to buy some items for another ritual. He also told me to buy a casket for money ritual, which I will put in a separate room where nobody will enter except me.
“My wife begged me to comply with Alfa’s request, but I declined,” Gbenga claimed.
The businessman accused his wife of infidelity, alleging that Alfa always made love to Musilimotu on their matrimonial bed.
He said he knew about the adulterous relationship when his wife had Alfa arrested and accused the cleric of using charms to rape her.
“The cleric told the police that he did not hypnotise my wife to rape her, saying that it was with her consent that he made love to her on those three occasions,” Gbenga said.
Gbenga confessed that he packed Musilimotu’s belongings out of his house.
He also pleaded with the court to dissolve the marriage, saying that he was no longer interested in the relationship.
The President of the court, Mr. Akin Akinniyi, however, advised the couple to maintain the peace while he adjourned the case until March 22 for judgment.

Establish cattle ranches before implementing anti-grazing law – IGP tells Nigerian governors

The Inspector-General of Police, Alhaji Ibrahim Kpotun-Idris, on Wednesday, advised state governors to establish cattle ranches before enacting anti-grazing laws, to avert conflict between farmers and herdsmen.
The IGP gave the advice at the Northern States Stakeholders’ Security Summit, with the theme, `National Building: Security Challenges and the Need for Inclusive Approach’, held in Kaduna.
According to him, “It is my humble suggestion that to reduce the incidence of clashes between farmers and herders in Nigeria, State Governments should endeavour to establish grazing ranches in their various states before enacting laws to prohibit open rearing and grazing.
“It is when grazing ranches are established that herders can be arrested and punished for rearing and grazing on the open places.
“Doing so, I am of the opinion that it will make the law acceptable by all the parties concerned and other critical stakeholders in that all important sector.
“It will do us good if we avoid the hasty formulation and implementation of such laws across the country in the interest of peace and unity.’’
According to the IGP, the crisis in Benue ‎would have been mitigated, if the state had first established grazing ranches before prohibiting open grazing.
Idris disclosed that President Muhammadu Buhari had mandated the police to adopt “strategies effective enough to end the recurring Herders/Farmers clashes inNigeria.‎
“It must however be noted that Framers/Herders clashes did not start with this administration, yet this administration has taken more measures to end the crisis than any previous regime.”
He added that the Police have made some arrests in Benue and other places, and warned that there would be no sacred cows, as anyone who violates the law would be arrested and prosecuted.
The IGP also spoke on the problem of banditry in Zamfara, saying the present administration was taking steps to avert future occurrence.
“Some arrests have already been made and the outcome of investigation will be made known soonest,’’ he said.
He gave details of efforts to tackle kidnapping in the country, saying the police had, from December, arrested over 200 kidnappers, armed robbery and cattle rustling suspects in various parts of the country.
“Over 50 AK 47 Rifles, 20 English made pistols, two 5MG Rifles, over 1000 rounds of AK 47 Rifles and other assorted pistols, ammunition were recovered from them.
“These recoveries raise serious alarm on the number of illegal arms and ammunition at the disposal of criminals and bandits.
“This must not be allowed to continue especially as the 2019 general election is fast approaching.’’

Kogi Assembly calls for biometric registration of herdsmen

Kogi House of Assembly has called on the State Government to embark on biometric data capturing of all Fulani herdsmen in the state for proper planning, control and security purposes.
The call was made during Wednesday plenary as solution to solve herdsmen attacks.
This was following a motion moved by the Majority Leader, Bello Abdullahi-Balogun (APC-Ajaokuta).
Abdullahi-Balogun said “The state has to ensure the security of people and property as a result of the influx of the Fulani herdsmen in large number to the state.
“There is also the need for the government to embark on head count of the herdsmen residents in the state.”
He, therefore, called on the state government, the local government administrators and the Ministry of Local Government and Chieftaincy Affairs to embark on biometric data capturing of herdsmen in the state.
Seconding the motion, Ahmed Mohammed (APC-Ankpa I) said the biometric data capturing would really help in checking the farmers/herdsmen hostilities.
“A lot of people had taken advantage of the Fulani herdsmen/farmers clashes to perpetrate evil but with this technology, we will be able to know the Fulanis in our midst, especially now that our government is making the state a home for all,” he said.
Supporting the motion, Hassan Abdullahi (APC-Dekina II) and Oluwatoyin Lawal (PDP-Yagba West) said the motion was timely in view of insecurities.
Ruling on the motion, Speaker Matthew Kolawole said that with the biometric data capturing of the Fulanis from village to village, excesses of those destroying crops and those involved in robbery would be checked.
Kolawole said the head count had nothing to do with colony or ranch but the need to know those coming into the state.
The motion, thereafter, was adopted following majority voice votes.

Death of Adamawa spokesman shocking -PDP

The Peoples Democratic Party, PDP, has reacted to the death of spokesman of Adamawa chapter of the Party,‎ ‎Sam Zadock.
Zadock was killed by gunmen on Wednesday in the latest sectarian violence in the state.
The Party’s National publicity secretary, Kola Ologbondiyan reacting, expressed shock.
On his twitter page, he wrote: “The news of the murder of the@OfficialPDPNig Adamawa state Publicity Secretary came in as a rude shock to me and the Party as a family.
“This is a personal loss to me. Zadock had helped to propagate in many ways the ideals of our great party.”

Moghalu, ex-CBN deputy governor declares for 2019 presidency

A former deputy governor of the Central Bank of Nigeria, CBN, Prof. Kingsley Moghalu, has formally declared his intention to be President of Nigeria in 2019.
He called on Nigerians to replace recycled “failed leaders” with competent and experienced youth.
Making his intent known on Wednesday at a press conference at the Shehu Musa Yar’Adua Centre, Abuja, said a combination of military rule, oil booms and busts, and successive leadership failures of the political class have robbed the country “of what seemed our destiny at independence”.
The 54-year-old however did not mention the political party on which to realise his presidential ambition but stated that he has been getting overtures from a number of political parties.
He stressed that should he emerge the number one citizen of the country, he would from the very first day hit the ground running and announce members of his cabinet in 48 hours.
Moghalu said, “We must stop recycling failed politicians and regenerate our leadership ranks with competent and experienced young men or women,” Moghalu said.
“Youths who have prepared themselves with the relevant qualifications must take over the mantle of leadership because this struggle is about the future of Nigeria, not its past.
“Strong, knowledgeable guidance is needed, and I offer myself for service with a solid track record of leadership.
“My fellow Nigerians, to quote the immortal words of the late US president John F. Kennedy, ‘politics is too important to be left to the politicians’.
“The world is changing: time and tide have in several countries swept away old orders and brought in new, more dynamic ones. Nigeria must not remain stuck in its past. We, you and I, can do it for our country too.”
Moghalu, who was the CBN deputy governor from 2009 to 2014, served as Chairman, Boards of Directors of the Nigerian Export-Import Bank, NEXIM, and the Financial Institutions Training Centre, and is the founder and President of the Institute for Governance and Economic Transformation, IGET, a new think tank based in Abuja.

Dambazau directs IGP, NSCDC boss to relocate to North-east

The Minister of Interior, Abdulrahman Dambazau, has directed the Inspector-General of Police, Ibrahim Idris; and the Commandant-General of the Nigerian Security and Civil Defence Corps, Abdullahi Muhammadu, to relocate to the North East.
The Presidency disclosed this on Wednesday in a series of messages posted on its Twitter handle, @NGRPresident.
According to the message, the two security chiefs were asked to liaise with the Theatre Commander of Operation Lafiya Dole as well as governors of the affected states to ensure deployment of personnel to all schools in liberated areas in Yobe, Borno and Adamawa States.
“The Min of Interior has directed the IG of Police and the Commandant General of NSCDC to relocate to the northeast and liaise with the theatre commander of #OpLafiyaDole and Govs of Yobe, Borno & Adamawa to ensure deployment of personnel to all schools in liberated areas in the states,” one of the messages read.
The minister said that the directive has become necessary to forestall a re-occurrence of the attack on innocent school children.

Nigeria has no police force – Ex-CBN chief, Moghalu

A former deputy governor of the Central Bank of Nigeria, CBN, Prof. Kingsley Moghalu, has stated that Nigeria does not have a Police Force in practice.
He made this known at the launch of his new book in Lagos.
Commenting on the security situation in Nigeria, Moghalu noted that the Nigeria Police is grossly underfunded, making it less effective in securing the country.
The former CBN chief noted that while the country needs more police officers, it currently has about 350,000 police personnel many of whom according to him “are guarding Very Important Persons, VIP”.
“In practice, we really don’t have a Police Force in this country,” he said.
He further argued that the failure of the police in securing the country is why Nigeria is ‘militarised’.

Dapchi abduction: Group tells Buhari, security agencies how to rescue girls

A Pan-Nigerian organisation, Integration Summit Group-Nigeria (ISG-N), has urged the Federal Government and security agencies to beef up security around educational institutions in the Boko Haram prone areas to forestall future attacks by the insurgents.
The group made the remark while condemning the abduction of 110 students of Federal Government Girls Science and Technical College in Dapchi, Yobe State, on February 19, 2018.
A statement issued by the Convener of ISG-N, Dr Chris Ekiyor, urged the Nigerian Government and security outfits to step up moves in identifying the whereabouts of the students and ensure their safe rescue and return to their parents.
Ekiyor expressed worry at the incessant attacks on schools and other soft targets by the insurgents in the Northern part of the country with, “its attendant psychological effect on both the students, parents and the affected communities alike.”
The statement reads, “This is happening at a time when the nation is yet to totally recover the abducted Chibok girls from these same enemies of our country who seem bound to unleashing mayhem, wanton killings and inflicting pains on families from their dastardly activities.
“In recent times, the security apparatus in Yobe state particularly is so worrisome and calls for concern. You would recall that fifty-nine male students were murdered in cold blood at the Federal Government College, Buni Yadi on February 25th 2014 in the same state.
“The nation cannot continue to be put in bad light as unsafe and insecured, especially for its young generation in the comity of nations due to the actions of these unscrupulous elements”. This is definitely another slap in the face of promoting the girl child education and its negative effect cannot be quantified.
“Integration summit Group-Nigeria (ISG-N) as advocates of unity, peace and progress of the nation, hereby calls on the Federal government and the security agencies in the country to beef up security around educational institutions in the Boko Haram prone areas to forestall future attacks by the insurgents”.
The group also frowned at the politicization of the ‘national disaster’ by the authorities and called for help, for the already traumatized parents and families of the abducted students by carrying them along on efforts being made to rescue the students.
“As citizens of Nigeria, Every Nigerian is free to live in any part of the country unmolested by any group and we demand that our safety should be guaranteed to further our various pursuits”, the statement added

Lake Chad International Conference: Full text of Buhari’s address

President Muhammadu Buhari on Thursday welcomed the international community to the high level meeting of the conference on Lake Chad held at the Transcorp Hilton Hotel, Abuja.
Buhari in his speech called for more collaboration to foster peace in the Lake Chad region
“The time to act is now. The time to bail out the region is now. The time to show our humanity is now”, he said.
Here is the full text of the president’s welcome address:
Let me begin by welcoming you to Abuja on behalf of the people and Government of Nigeria and to also thank you for honouring the invitation of the organizers to this important conference on the Lake Chad which was jointly planned by the Federal Government of Nigeria, Lake Chad Basin Commission (LCBC), and the United Nations Educational, Scientific and Cultural Organization (UNESCO).
2. The same welcome to our Distinguished Guests, Speakers and Delegates who have come from different parts of the world. Nigeria is indeed honoured to host you at this historic event.
3. The Lake Chad is very dear to our heart as it is a source of livelihood to over 45 million people living in the Basin. This Lake, which is one of the oldest Lakes in Africa, is shared by Cameroon, the Central African Republic, Chad, Niger and Nigeria. The people living in the Basin depend on the Lake Chad for Agriculture, Fisheries and Livestock for their economic well-being.
4. The Lake Chad region was formerly an “oasis in the desert”, a hub of economic activities and food security. The farmers, fishermen, herdsmen and traders were happy because business was booming. The happiness and contentment contributed to the stability of the sub-region.
5. Unfortunately, today that is all history. The “oasis in the desert” is just a desert now, due to the drying up of the Lake Chad. This has resulted in dire consequences for our people as follows:
a. United Nations (UN) Office for the Coordination of Humanitarian Affairs reports that Food security has deteriorated, with more than 7 million people in the sub-region facing the threat of famine and half a million children suffering from severe malnutrition;
b. Fish varieties are long gone leaving the fishermen jobless;
c. Farmers and herdsmen struggle over the little water left;
d. Herdsmen migrate in search of greener pastures resulting in conflicts;
e. Our youths are joining terrorist groups because of lack of jobs and difficult economic conditions. This has resulted in serious instability in the sub-region.
The negative effects of the shrinkage of Lake Chad are indeed enormous.
6. Let me take a moment to thank my esteemed colleagues – Presidents and Heads of Government of the LCBC for the measures so far taken to tackle the shrinkage of the Lake.
7. We are also implementing all LCBC programmes aimed at safeguarding the ecosystem of the Basin and the development of our people. Likewise, the Government of Nigeria has initiated several measures to cushion the plight of the people living on Nigeria’s side of the Basin. Notably among these include:
a. the Presidential Initiative on the North East (PINE);
b. North East Recovery and Peace Building Assessment in Collaboration with World Bank, EU, and UN; and
c. the North East Development Commission (NEDC) recently established by law.
8. Unfortunately, the major challenges facing the Lake Chad region still remain unresolved. Our desire as a nation to restore the sub-region to its former glory is very real as evident in my numerous appeals to the international community for support towards the Lake’s revival.
9. One of such appeals was made during my meeting with the Director-General of UNESCO – Ms. Irina Bokova on August 11, 2016. During that meeting, I requested for a partnership with UNESCO in the organization of an International Conference to reactivate and raise awareness for an international campaign to save the Lake Chad.
10. UNESCO graciously accepted my request and a Communiqué was issued. One of the outcomes of the Communiqué is the organization of this Conference, so I must especially thank UNESCO for their support.
11. This International Conference was designed with a view to finding workable solutions in resuscitating the Lake Chad to the benefit of all member countries of the LCBC and to the ecological balance of a large area of West Africa.
12. In the past two days, there have been technical sessions with delegates, experts, researchers and resource persons exchanging ideas, views, knowledge and sharing information on water resources development and management in a challenged environment.
13. This is now being followed by this high level session to consider recommendations in order to garner political and global support for the restoration option identified for recharging of the Lake.
14. I am convinced that this Conference will not just be another ‘talk shop’ but will be a platform to re-launch our partnership and commitment to our continent and the Basin in particular.
15. Your Excellencies, ladies and gentlemen, the Conference Report will be presented shortly and I urge you to consider it critically with a view to making informed and strong contributions towards its implementation.
16. Let Abuja be the starting point of this commitment and we will call this “The Abuja Declaration.” Abuja Declaration will be a benchmark and the bedrock upon which future engagements on restoring the Lake would be built.
17. It will also serve as a fundamental and landmark document which will contain basic principles that can be used as a yardstick for holistic development model for the Basin.
18. Such a model will be useful especially for policy and decision makers, Development partners, Donors Agencies, Investors, Researchers and Institutions.
19. I owe a debt of gratitude to my brothers, the Presidents and Heads of State and Government of LCBC Member Countries – Cameroon, the Central African Republic, Chad and Niger for their invaluable contributions to the development of the Basin.
20. I must also sincerely appreciate the efforts and immense technical support of the United Nations (UN) and its Agencies including FAO, UNDP and UNEP and most especially UNESCO for their invaluable contributions towards the Integrated Water Resources Management of the Basin and the organization of this Conference.
21. The Banks have been our backbone – The African Development Bank, World Bank, Islamic Development Bank, China-Exim Bank; thank you all very much for your support.
22. The African Union, the European Union, ECOWAS, ECCAS, have also contributed immensely to the sustainable development of the sub-region.
23. We are also indebted to the governments of Netherlands, Hungary, France, China, Italy, Japan, United States of America, Canada and Britain.
24. As we continue on this journey towards our goal, I wish to use this medium to solicit for your continued collaboration and support.
25. Excellencies, Distinguished Ladies and Gentlemen, Let me reiterate our firm commitment to restore the Lake Chad to its former glory. Recognizing that our efforts will be more productive with international support, we call on our International Partners – Technical and Financial to remain unwavering in their support.
26. We must treat the issues of the Lake Chad with the urgency they deserve and show the needed political commitment towards reviving the Lake.
27. Together let us share this mission of rescuing the Lake Chad Basin with a renewed vigor, determination and international collaboration as our inaction or delay will continue to accelerate the deteriorating standard of living of millions of our people with dire consequences on our continent and the World at large.

Reps to probe stagnation of prices, earnings on Nigerian Stock Exchange

The House of Representatives on Wednesday resolved to investigate why the prices, earnings and profitability profiles of some quoted stocks on the Nigerian Stock Exchange (NSE) has remained in one position for about three years.
The investigative committees are capital market and institutions, insurance and actuarial matters.
This investigation shall also review and confirm the pricing basis of the recent acquisitions of publicly quoted Nigerian insurance companies.
These resolutions came on the heels of the adopted motion sponsored by Hon. Femi Fakeye.
Fakeye, in his lead debate, affirmed that investors were expected to share accruing profits through declared dividends and appreciation in the their companies stock periodically.
The lawmaker pointed out that despite many reports on the positive performance of some companies quoted on the NSE about their earnings and profitability profiles, their prices have remained pegged in one position.
He further disclosed that nearly all the twenty-six insurance companies quoted on the stock exchange have had their stock prices trading at 50 kobo par value for many years.
Fakeye further expressed worry that if the situation continues unchecked, it will have the tendency to discourage the investing public and stifle the growth of the stock market.

Premier League: Why Arsenal vs Man City might be called off

Thursday’s Premier League clash between Arsenal and Manchester City, could be postponed as the ‘Beast from the East’ has hit the Emirates Stadium.
The continuous snow has caused chaos, with schools closing and commuters affected due to the poor weather conditions.
City are taking the risk of travelling to London on Thursday, rather than staying overnight. Pep Guardiola’s men will take the train on Thursday morning, but heavy snow could affect their route.
The Premier League are likely to make a call on the fixture on Thursday morning and the conditions around the Emirates Stadium will also come into play.
If the surrounding areas of the ground are deemed to be dangerous, then the league may decide to call the fixture off.
Both sides met in the Carabao Cup final last Sunday, with City winning 3-0 at Wembley

Disruption of ECA summit: Ohanaeze blasts Eliot Ukoh

The Ohanaeze Ndigbo Youth Council, OYC, Wednesday, came hard on the leadership of the Eastern Consultative Assembly, ECA, over the botched summit organized by the group in Enugu on Tuesday.
DAILY POST recalls that things went sour at the event when one of the Igbo elders, Chief Mbazulike Amaechi started talking about the need to restructure Nigeria.
Feeling disappointed, Biafra agitators, who were invited to the event in their numbers, began to interrupt him, saying that they did not want to hear anything about Nigeria.
Hell was let loose when Ugochukwu- Ukor announced that it was time to give a post-humous award to Dr. Azikiwe for his contributions towards national development.
As soon as Zik’s name was mentioned, the Biafran agitators rose in condemnation of Zik’s efforts to keep the country united, just as they blamed the late nationalist for the current travails of the Igbo in the country.
As the crowd became restive, Ugochukwu-Uko threatened to deal with any trouble maker in the hall but his utterances angered the agitators the more and they descended on the people on the high table and in the commotion that ensued, they removed Prof Amucheazi’s red cap from his head and his eye glasses.
Some of the leaders ran helter-skelter as their cars were stoned leading to the shattering of the wind shields.
Apparently, not satisfied with scattering the event, the mob chased journalists out of the venue before moving to the streets of Enugu metropolis, where they blocked roads, displaying the photographs of their leader, Nnamdi Kanu.
However, as they were matching, the police confronted them in front of the Presidential Hotel, by firing tears gas canisters on them. Eleven of them were later arrested.
Reacting to the development, the OYC said it was a well orchestrated attempt by Eliot and his group to destabilize the relative peace in Enugu State.
The Ohanaeze Youths in a statement signed by Mazi Okwu Nnabuike and Engr Obinna Adibe (Secretary General and National PRO respectively, said it was also unacceptable for Eliot to hide under any guise to bring respected Igbo elders to such a place where they would be so humiliated.
“We read with shock the ugly incident which played out yesterday in Enugu State. We are saddened because this is coming at a time Enugu is being so celebrated as one of the most peaceful State in the country.
“Going by our investigations, the youths Eliot and his amorphous group gathered together at the event were transported from several States outside Enugu. At the end, they ended up creating tension in the very peaceful and secure State.
“We want to say it clearly that this is unacceptable to us because this is a deliberate ploy to destroy the good works of the amiable and hardworking Governor of Enugu State, Rt. Hon, Ifeanyi Ugwuanyi, especially in the area of security.
“This is therefore, a warning to Eliot that he shall be held responsible for any breakdown of law and order in the Coal City State. This is so as he clearly admitted in his media interview that indeed he invited the Biafran agitators to the event. So, everything that happened was clearly planned.
“It is also clear from what happened that the youths of Igbo land loss confidence on Igbo Elders who have failed to speak the Truth to igbo youths. How else could one describe such an attack on men with grey hairs?
“Most of these leaders have failed and that is why the Ohanaeze Youths is working assiduously to provide a new sense of direction for our people.
“We will continue to dialogue with Biafran agitators on the way on how to deal with these elders as any gathering in Igbo Land without proper inclusion of igbo youths will bring catastrophic end of such events.
“We warn that revolution is near in South East ahead of 2019, as nobody will speak for our people without Ohanaeze Youth Council led by Mazi Okechukwu Isiguzoro and the leadership of Biafra agitators‎,” the OYC said.

EFCC boss, Magu replies query issued by Buhari’s govt

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has responded to a query issued by the President Muhammadu Buhari-led government.
Magu was questioned over the corruption charges filed against the Chairman of the Code of Conduct Tribunal (CCT), Danladi Yakubu Umar.
A source in the ministry told DAILY POST on Wednesday that Magu submitted his reply last week.
“He submitted last Tuesday which was the deadline. I heard this was done before he proceeded to Adamawa for the state’s first Anti-Corruption Summit declared opened by the president.
“If he had not honoured the date, the consequence would have been suspension and he knows. His response is with the AGF now, the next line of action will be decided by the authorities”, the source added.
In the query dated February 16, 2018 and with Reference No DPP/ADV:368/15, Magu was ordered to make his response to the query available to the Attorney General of the Federation (AGF) and the Minister of Justice on or before Tuesday, February 20, 2018.
Signed by Mr. Dayo Apata, the Solicitor General of the Federation and Permanent Secretary, Magu was asked to explain what informed the filing of corruption charges against the tribunal chairman having being cleared of corruption allegation two times by the commission.
Titled, “FR VS Danladi Umar (CR/109/18) request for Briefing,” the query read in part: “The attention of the Honourable Attorney General of the Federation was drawn to news report that the Economic and Financial Crimes Commission has filed charges of corruption against the Chairman of the Code of Conduct Tribunal, Hon. Justice Danladi Umar, before the FCT High Court.

“I am directed by the Honourable Attorney General of the Federation to seek clarification from you as to whether the charges were filed on your instruction or directive and if in the affirmative, what is the compelling basis for doing so. This clarification becomes imperative in view of the following background facts.
“The Commission’s investigation report dated 5th March 2015 addressed to the Secretary to the Government of the Federation stated as follows: “The facts as they are now against Justice Umar raised a mere suspicion and will therefore not be sufficient to successfully prosecute for the defence.
“The Commission’s position in paragraph 2(a) above was also maintained and sustained by the Honourable Attorney General of the Federation while appearing before the House of Representatives’ Investigative Committee sometimes in 2015 to the effect that report of investigations showed that the allegations against Hon. Justice Danladi Umar were based on mere suspicions.
“In view of the foregoing, the Honourable Attorney General of the Federation requests for your prompt briefing as to the existence of new facts which are contrary to the position in your attached investigation report, sufficient evidence or other developments upon which the prosecution of Hon. Justice Danladi can be successfully based.
“Kindly accord this letter top priority while your prompt response within 48 hours from the receipt of same is required in the circumstances.”
In the same vein, the AGF also wrote a Senior Advocate of Nigeria, Festus Keyamo, to confirm who authorise him to file the corruption charge against Umar.
Like Magu, the SAN was given till Tuesday February 20, 2018 to furnish the Office of the AGF in writing detail of who engaged or issued him with authority to file the corruption charges.
The letter to Keyamo with reference No DPP/ADV:369/15 dated February 16, 2018, which was also signed by the Solicitor General of the Federation and Permanent Sectary read in part:
“The attention of the Honourable Attorney General of the Federation was drawn to news report that you have filed charges of corruption against the Chairman of the Code of Conduct Tribunal, Hon. Justice Danladi Umar, before the FCT High Court.
“The Honourable Attorney General of the Federation hereby requests that you kindly furnish this office with the details of the instruction or authorization upon which you instituted the case under reference. Kindly accord this letter top priority while your prompt response on or before Tuesday, February 20, 2018 is solicited in this regard.”
Although the EFCC in two separate letters to the Federal Government through the Secretary to the Government of the Federation had in 2015 and 2016 cleared Umar of any wrongdoing in the alleged N10 million bribery allegation made against him by a defendant, Rasheed Taiwo Owolabi standing trial before him on false asset declaration.
Upon receipt of the petition from Owolaabi, the EFCC had investigated the petition and sent its report to the Secretary to the Government of the Federation (SGF) with a Reference No EFCC/EC/SGF/03/56 dated March 5, 2015, personally signed by the then Executive Chairman of the EFCC, Mr. Ibrahim Lamorde exonerating the CCT boss from the bribery saga.
The EFCC report received by the office of SGF on March 6, 2015 was categorical that “the facts as they are against Justice Umar raised a mere suspicion and will therefore not be sufficient to successfully prosecute for the offence.”
Other EFCC documents show that in 2016 a fresh investigation was conducted into the same N10million bribery allegation and the same anti-graft agency in its second report absolved Umar of any wrongdoing and that the bribery allegation against him remain a mere suspicion.
The EFCC second report with reference EFCC/P/HRU/688/V30/99 dated April 20, 2016 and submitted to the SGF and signed by the Secretary to the Commission, Emmanuel Adegboyega Aremo, read in part: “Kindly recall our correspondence of March 5 2015 with Reference EFCC/EC/SGF/03/56 with above subject caption.
“We will like to reiterate the Commission’s position in regard to this matter as earlier communicated to you and state that the allegation levelled against Justice Umar were merely suspicions and consequently insufficient to prosecute the offence.”

Rescuer of French climber splits up with his Polish team

The head of a Polish Himalaya climbers' team says that a prominent member, Denis Urubko, who recently rescued a French climber, has split up with the team and left its base camp in Pakistan.
The team is attempting the first ever winter ascent on K2, the world's second highest peak, but hostile weather has prevented the climb so far and they remain at their mountain base.
Urubko made an unsuccessful solo attempt last weekend and later left the expedition.
Team leader Krzysztof Wielicki said Wednesday that Urubko's solo outing has been done without consultation and "broke certain principles" of teamwork.
Wielicki also said Urubko's own plan to climb K2 before March 1 was not possible.
Last month, Urubko and teammate Adam Bielecki rescued Elisabeth Revol from another Himalaya peak.

Honduras' former first lady arrested in graft case

Authorities say military police have arrested the wife of former Honduran President Porfirio Lobo as part of a corruption case.
Police arrived at the Lobo home in six vehicles and searched the residence before leaving with former first lady Elena Bonilla and her brother-in-law Mauricio Mora.
Prosecutors say Bonilla deposited $600,000 in government funds into her personal bank account five days before Lobo ended his four-year term in 2018. They also say she hasn't accounted for at least $6 million in government funds for her office.
Bonilla defense attorney Julio Ramirez says she's innocent.
Wednesday's arrest was announced by an anti-corruption mission of the Organization of American States.

EU's Juncker urges Kosovo solve border deal with Montenegro

European Commission President Jean-Claude Juncker has called on Kosovo to ratify a border demarcation deal with Montenegro and improve ties with Serbia.
Juncker continued his Balkan tour in Kosovo on Wednesday, the first visit by an EU Commission chief. He was accompanied by EU foreign policy chief Federica Mogherini and Enlargement Commissioner Johannes Hahn.
The EU says the border deal is a precondition for Kosovo's citizens to travel freely within its visa-free travel zone known as Schengen.
Opposition parties say Kosovo loses territory with the 2015 agreement, though that has been denied by the previous government and international experts.
Montenegro, which has approved the deal, recognizes Kosovo's 2008 independence from Serbia, which Belgrade rejects.
Juncker also said that "ties between Kosovo and Serbia are fundamental" in their path toward Europe.

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