The Early Edition: Glancing The Major Headlines For 11th May, 2015

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My Friends Have Deserted Me – Goodluck Jonathan

The reality of life has dawned on out-going President Goodluck Jonathan as he lamented, yesterday, that his so-called friends have deserted him having lost the last presidential election to the opposition All progressives CongressAPC, candidate, General Muhammadu Buhari.

Speaking at a thanksgiving and farewell service in his honour at the Cathedral Church of the Advent, Life Camp, Gwarinpa, Abuja, President Jonathan said, however that he expected more of his friends to leave him. The president declared that he was ready to pay the price for his refusal to interfere with the electoral process which he ensured was carried out to its logical conclusion.





APC And Buhari, No Excuse For Failure, Change Must Be Change

Last week, President-elect, Major-General Muhammadu Buhari (retd) surprised Nigerians when he said that he is currently at a loss on how best to tell Nigerians that his promise of turning the economy around quickly upon assumption of office on May 29 may not be feasible. One would have expected the renowned general to know better. He was swept into office by the propaganda of change. Nigerians bought the slogan line, hook and sinker and voted him to power.



Nigeria, Indonesia, Mexico To Displace UK, France Out Of Top 10 Largest Economies

Emerging economies of Nigeria, Indonesia and Mexico could push the UK and France out of the top ten economies of the world by 2050 provided they are able to build their institutions to global standards, diversify their economies and sustain growth friendly policies. This is one of the key findings of the global report from PricewaterhouseCoopers’ (PwC) economists titled ‘‘The World in 2050: Will the shift in global economic power continue?’’ This presents long-term projections of potential GDP growth up to 2050 for 32 of the largest economies in the world, covering 84 per cent of total global GDP.

According to the report, the current global economic power shift away from the established advanced economies in North America, Western Europe and Japan will continue over the next 35 years, despite a projected slowdown in Chinese growth after around 2020.



We Are Dying Of Hunger, FG Retirees Lament

Some retirees of the Federal Government under the Pay-as-you-go Pension Scheme have protested against the non-payment of their pensions and gratuities several years after they have retired from service.

The retirees, who spoke to our correspondent, said the denial of their entitlements had subjected them to undue hardships, leading to the untimely death of many who could not afford decent meals and pay their medical bills.

The Chairman, Concerned Pensioners, Mr. David Adodo, said when the Federal Government introduced the Pension Transitional Arrangement Department, the pensioners were hopeful that their payment problem would soon be over but lamented that things had continued the same old way.



Mouka Swaps Old Mattresses For New Ones

A leading manufacturer of household and industrial foam, Mouka Limited, is giving customers brand new mattresses in exchange for old ones in a new campaign tagged: ‘Mattress swap’.

According to a statement by the company, the campaign enables customers and non-customers alike to exchange their old mattresses for new ones made by Mouka at generous discounts.

The statement added that campaign would run for one month from the first week of May in key states across the country.

The National Business Manager, Mouka Limited, Mr. Olufemi Asa, was quoted as saying that the mattress swap offer was first introduced in 2013 and was designed to further entrench the brand’s affinity with existing customers and others by helping them renew sleep and comfort.



Poor Distribution Worsens Fuel Scarcity

Poor distribution network and the unwillingness of the Nigerian National Petroleum Corporation to decentralise its product loading system have aggravated the scarcity of petrol nationwide.

Findings by our correspondent on Sunday showed that out of the over 50 loading points available to the NNPC, it was utilising less than 10.

The corporation is the major importer of petrol following the withdrawal of most marketers from bringing the product as a result of the rising subsidy debt owed them by the Federal Government.

However, loading of petrol at Apapa and other depots in Lagos and Ogun states has not improved as independent marketers have refused to participate because of what they called their neglect by the government in the payment of verified subsidy claims.



Transcorp To Begin Oil Exploration

Transnational Corporation of Nigeria Plc has unfolded plans to begin the exploratory drilling of its Oil Prospecting Licence 281 before the end of this year.

The Chairman, Board of Directors, Transcorp Plc, Mr. Tony Elumelu, disclosed this while addressing shareholders at the company’s ninth Annual General Meeting, which was held in Abuja.

He said the management of Transcorp had turned the company into a diversified conglomerate with interest in four strategic sectors of the nation’s economy. The sectors are power, oil and gas, hospitality and agriculture.

Elumelu said the company, through its subsidiary, Transcorp Energy Limited, which was established in 2008, had been positioned to focus on upstream petroleum development.

For instance, he said to facilitate the exploration, a production sharing contract had been signed with the Nigerian National Petroleum Corporation for the development of the oil block, which is located in Delta State.



Buhari Will Be Fair To All Zones – Tambuwal

The Speaker, House of Representatives and Governor-elect of Sokoto State, Alhaji Aminu Tambuwa, on Sunday, said that the President-elect, Muhammadu Buhari, would not discharge his duties based on party affiliation.

Tambuwal, who was reacting to statements that the former military Head of State would only focus his attention on the All Progressives Congress, on whose platform he was elected, said Buhari was elected as President for all Nigerians.



Fire Fighter Collapses Inside Well While Rescuing Plumber

An official of the Lagos Sate Fire Service on Saturday collapsed inside a well in the Ijegun area of the state while bringing out a victim.

The official was said to have fallen inside the well after his rope snapped off. He was said to have subsequently fainted, throwing the rescue operation into disarray.

It was, however, leant that other firefighters quickly mobilised themselves and rescued the unnamed firefighter. He was rushed to the Lagos State University Teaching Hospital, Ikeja.

PUNCH Metro learnt that earlier, a plumber, identified as Tobi Akintoye, was digging a domestic well for residents of Funmilayo Street when he became choked in the well around 12 noon.

The 35-year-old was said to have died soon after when help did not come his way on time.



My Ministers And I Will Face Persecution – Jonathan

President Goodluck Jonathan has given an insight into the fate that awaits him and his ministers   after May 29, saying he believes they will be persecuted.

He stated on Sunday during   a thanksgiving and farewell service organised in his honour at the Cathedral Church of the Advent, Life Camp, Gwarinpa, Abuja that the persecution would happen   because of the “ hard decisions” his administration took while in office.

Jonathan told the congregation that he understood clearly that “ hard decisions” had their own cost and was therefore   ready to pay any price for them

He   said that experience had shown him that people would at a time desert anybody who took   “hard decisions” like he did while in office.

Jonathan added   that he had always   believed that more of his friends would desert him after May 29.



PDP Post-election Panel Members Meet With Jonathan

Members of the post-election review committee set up by the Peoples Democratic Party to assess its performance in the last general elections and proffer the way forward met behind closed doors with President Goodluck Jonathan on Saturday.

The committee members were led to the meeting which was held inside the Presidential Villa, Abuja, by their chairman and Deputy President of the Senate, Ike Ekweremadu.

Ekweremadu told State House correspondents at the end of the parley that he and his members used the opportunity of the meeting to brief Jonathan of their work and seek his support.

He disclosed that the President had assured them that he was committed to ensuring that the PDP returned to its lost glory.


PDP Will Be Buried If I Resign – Mu’azu

The National Chairman of the Peoples Democratic Party, Alhaji Adamu Mu’azu, and the party’s National Working Committee on Sunday dared members threatening to factionalise the party.

Muazu, who spoke through his Special Adviser on Media, Mr. Tony Amadi, in an interview with The PUNCH, said that he would not resign despite the threat of some members to form a faction of the party.

The national chairman said that the PDP would be buried if he succumbed to calls that he should resign.

Sunday PUNCH had reported that there were moves by some aggrieved members to form a faction of the party.

But Mu’azu and the National Publicity Secretary of the party, Chief Olisa Metuh, said those making the threat should go ahead and carry it out.



Experts Urge Buhari To Address Power Problem

The incoming government of   Muhammadu Buhari has been called upon by experts to address the poor power supply in the country.

The experts made the call at a forum on Nigeria’s energy future which was organised by the Lagos Business School’s Centre for Infrastructure, Policy, Regulation and Advancement; and the Heinrich Boll Foundation’s forum.

One of the experts,   Ijeoma Nwagwu of the CIPRA, said little or no discussions had been held on how to permanently solve Nigeria’s energy problem.

She said, “The CIPRA focuses on research, capacity building and stakeholder engagement in infrastructure development by harnessing available resources, capabilities, and expertise to address challenges associated with the gap between existing infrastructure assets and the real demand for infrastructure.”

Nwagwu noted that detailed concepts and policies for the required increase in electricity supply had hardly been discussed in public even during the recent election campaigns.

She advised that   if the incoming government was serious about creating jobs and ending insecurity, “it   must deal with the reality that 80 per cent of Nigerians lack stable power supply and two-thirds of Africans, mainly in the rural areas, live without electricity.”



There Was Election In Akwa Ibom – Akpabio

The Akwa Ibom State governor, Mr. Godswill Akpabio, has said that he will not answer those who said there were no elections in the state.

According to the governor, if there were no elections, the Independent National Electoral Commission would not have distributed materials for elections.

Akpabio stated this in Ikot Ekpene during a thanksgiving service and public presentation of the official certificate of licence to Ritman University to operate as a private university, on Sunday.

He asked the public to disregard media reports, saying that they are propaganda sponsored by the opposition to whip sentiment from the tribunal.



Government ‘Wastes’ N240bn Annualy On Malaria – Mohammed

Malaria is an endemic disease that costs the government so much money to deal with. The problems associated with malaria and the efforts to deal with them cost the country as much as N240 billion annually. The executive secretary, primary health care, FCT Primary Health Care Development Board (PHCDB) and a public health specialist, Dr. Rilwan Muhammed talks to VICTOR OKEKE on this.

How many insecticide-treated mosquito nets have been distributed in the FCT so far since the nationwide distribution campaign started?

The FCT has distributed 600,000 mosquito nets according to the record. Our concern is not even the distribution because people give all sorts of excuses particularly due to lack of power, the net becomes hot sleeping inside. People are not using the distributed net, instead they are selling it to others who may need it better. If you see somebody buying something from you, that means he knows the importance of it. Instead of buying insecticides, you have a mosquito net that will last for four years; you can use it with light soap for up to 22 times while spraying outside under a tree.

There are three types of nets that we have. The first set of nets are those ones without any chemical, the second set are the ones that require six months chemical retreatment and the ones we have now are the long-lasting insecticide treated net. This one can protect for up to four years but if you use heavy soap or detergent to wash it, it loses its potency against mosquitoes.



Appeal Court Sets Aside Winding Up Order

The Lagos Division of the Court of Appeal has set aside the order of a Federal High Court sitting in the state winding up Afribank Nigeria Plc.

Justice Effiong Archibong of the lower court on July 2, 2012 gave the order of Afribank’s wind-up based on a petition by the Nigeria Deposit Insurance Corporation (NDIC).

But the Court of Appeal set aside the order following the appeal by some shareholders of the bank, who had appealed against the judgement on the grounds that there were other pending cases against the takeover of the bank that would be prejudiced if the lower court went ahead to wind up the bank.

The shareholders who sued for themselves and other Afribank shareholders are: Igbrude Oke, Rasak Mumini, Akinsanya Sunday, Suleiman Babatunde, Igba Olatomide.



Rivers: Amaechi, Wike And   The Battle For Transition

On April 27, 2015, Rivers State governor-elect, Chief Ezebunwo Nyesom Wike inaugurated a Transition Committee, headed by the state deputy governor, Engr. Tele Ikuru, to facilitate the smooth take off of his administration on May 29, 2015, in addressing what he described as “the numerous developmental challenges plaguing the state.”

Inaugurating the committee, Wike said the decision to set up the committee became necessary after the uncooperative attitude of the outgoing administration of Governor Chibuike Rotimi Amaechi, which refused to cooperate with the incoming government in the setting up of joint committees to facilitate smooth transition in the state.

The cry of the incoming administration over the ‘uncooperative attitude’ of the Amaechi-led administration re-echoed on Thursday, May 7, 2015, when the Transition Committee, addressed newsmen at the Conference Hall of the Deputy Governor’s office, Government House, Port Harcourt, and alleged that the present administration has refused to interface with it to arrange a smooth transition.



Buhari To Appoint New Service Chiefs NSA, DG SSS

Barring all unforeseen circumstances, all the service chiefs, the director general, State Security Services (SSS) and the national security adviser (NSA) are going with President Goodluck Jonathan, LEADERSHIP can now authoritatively report.

The service chiefs are Air Chief Marshal Alex Badeh, the chief of defence staff (CDS), Lt General Kenneth Tobiah Jacob Minimah, the chief of army staff, Vice Admiral Usman O. Jibrin, the chief of naval staff (CNS) and Air Marshal Adesola Nunayon Amosu, chief of air staff.

These top military chiefs were appointed by the outgoing President Goodluck Jonathan, when on 16th January, 2014, a statement issued and signed by his media adviser, Dr Reuben Abati announced their appointments in replacement of the then chief of defence staff, Admiral Ola Sa’ad Ibrahim; chief of army staff, Lt. Gen. Azuibuike Ihejirika; and chief of naval staff (CNS), Vice Admiral Joseph Ezeoba.



EFCC Arraigns Ex-Wema Bank Chairman, Others Over N2bn

The Economic and Financial Crimes Commission (EFCC) has arraigned a former chairman of Wema Bank Plc, Olapade Mohammed and two others before a Federal High Court sitting in Lagos for allegedly stealing about N2billion belonging to AKS Steel Nigeria Limited.

Olapade, who was also the chairman of AKS Steel, was arraigned alongside the former managing director of the company, Tony Obinwa and a director, Sanni Aliyu Mohammed by the EFCC on a 32-count charge of conspiracy, fraud, forgery and money laundering.

The three accused persons were alleged to have fraudulently conspired with others still at large to launder about N2billion belonging to AKS Steel through some Nigerian banks to Dubai in United Arab Emirates (UAE) and from there to India.

According to the commission, the funds were allegedly transferred by the accused persons without a resolution of the board of the company, using another company identified as “3 Brothers Concept Nigeria Limited”.



Henry Igwe

Henry Igwe

Copywriter. Sanguine. God understands me.

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