Monday, July 25, 2016

Why Babangida overthrew my govt. 31 years ago-Buhari

Nigeria’s President, Muhammadu Buhari has revealed that he was removed from office 31 years ago because he was planning to purge the military hierarchy of corruption.Buhari said senior military leaders, led by former military president, General Ibrahim Babangida and General Aliyu Gusau, removed him in August 1985, to save themselves from his wrath.

In an exclusive interview published in the current edition of The Interview magazine, Buhari challenged Babangida and Gusau to tell the truth on why they carried out the coup against him.

“I learnt,” he said, “that Aliyu Gusau, who was in charge of intelligence, took import license from the ministry of commerce which was in charge of supplies and gave it to Alhaji Mai Deribe.
“It was worth N100,000, a lot of money at that time. I confronted them and took the case to the Army council in a memo…I wanted Gusau punished.”
Babangida had told The Interview in its December edition that there was nothing in the memo which Buhari said he submitted to the Army council.
“Don’t forget that I was one of Buhari’s closest aides. I was the chief of army staff. So, I had an important position, an important role to play within that administration. I don’t think it had to do with a memo,” Babangida said.
But in a tone which revealed that the past may neither have been forgotten nor forgiven, Buhari challenged Babangida and Gusau to come clean on why they removed him.
Buhari came into power on December 31, 1983, after he and his loyalists overthrew the government of Shehu Shagari.
Two years later, on August 27, 1985, Buhari’s rule was ended by Babangida in a coup.


PM News

Buhari scraps film village plan after Muslim clerics kick over immorality

The President Muhammadu Buhari-led Federal government may have cancelled its plan to build a massive film village in Kano State, following social media outcry and opposition from Muslim clerics,  BBC reports..

More than N3billion ($10m; £7.6m) was budgeted for the project as part of the government’s efforts to improve the Hausa language film industry known as Kannywood. 

The government argued the village would create thousands of job opportunities and promote cultural activities. But Muslims clerics argued it would promote immorality and people on social media also called on the government to stop the plan.
 An aide to President Buhari told local media that the president has listened to the people’s concerns.




Misspetitenaija

Police refutes NDA's claim of blowing up NNPC pipeline in Akwa Ibom

The Akwa Ibom state Police Command has refuted claims by the Niger Delta Avengers that it blew up a Nigerian National Petroleum Corporation gas pipeline in Obotim Nsit in Nsit Ibom Local Government Area of the state.

The state commissioner of Police, Murtala Mani says the explosion from the pipeline was as a result of a technical fault.


"This is no militancy attack. Our men are on ground and the fire service had put off the fire. It is confirmed that there is an explosion in Obotim Nsit in Nsit Ibom Local Government Area of the state. People from the pipeline confirmed that the pipelines are old and overdue for servicing. There are technical problems in the gas pipeline’’he told newsmen.





LIB 

Friday, July 15, 2016

At least 77 feared dead in terror attack in Nice, France

At least 77 people have been killed and more than 50 injured after a truck mowed down crowds for more than a mile before the driver got out and sprayed crowds with bullets in a terror attack during the Bastille Day celebrations in the French city of Nice.

'I will receive FIFA President on arrival in Nigeria' -Giwa

Factional President of the Nigeria Football Federation (NFF), Chris Giwa, says he and not Amaju Pinnick, will welcome the president of world football governing body, FIFA, Gianni Infantino, when he arrives Nigeria July 24th. Giwa said this at the inauguration of board members of the various Nigerian leagues in Abuja yesterday July 14th.

DSS arrests Obanikoro's wife for alleged arms fraud

Security agents yesterday arrested Hajiya Morufat Obanikoro, former Minister of Defence Musiliu Obanikoro’s wife.
Mrs. Obanikoro was picked up over the ongoing investigation of her husband, who is wanted for questioning over the N4.745billion slush funds from the Office of the National Security Adviser (ONSA).
The funds were reportedly traced to Obanikoro, Ekiti State Governor Ayodele Fayose, former Osun State Deputy Governor Iyiola Omisore and three companies with links to Omisore.

Procurement procedure, low revenue delays fund releases. -FG

The federal government yesterday attributed the delay in the execution of capital projects as captured in the N6.06trillion 2016 budget to slow procurement process and low revenue generation.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, who made the disclosure to the Senate Committee on Appropriation, said the procurement procedure problem arose from the six months requirement for procurement process on execution of new projects as provided for, in the Public Procurement Act.

Friday, July 1, 2016

Presidency apologises to Senate over comments by AGF's aide

The presidency has apologized to the Senate over the comments made by the Special Assistant to President Buhari on Prosecution, Okoi Obono-Obla, at the senate public hearing on the alleged forgery of senate order which held at the National Assembly yesterday June 30th.

The Current State of Nigeria's FX Market

A lot has happened over the past 2 weeks the Nigerian FX market.
First, the CBN released revised guidelines for the operation of the Nigerian inter-bank FX market with the objectives of enhancing efficiency and facilitating a liquid and transparent FX market. The CBN subsequently carried out the following related activities:
On 20th June, 2016 it met 100% of demand in the FX market total sales of $532 million on the spot market and $3.487 billion in the forwards market (in 3 month, 6 month and 9 month contracts), clearing the backlog of about $4.02 billion previously built-up demand for forex
On 27th June it launched the Naira-settled OTC FX futures market (in conjunction with FMDQ-OTC) and immediately engaged in several monthly futures contracts.

'Presidential Bodyguard arrested over alleged ties with Boko Haram'

A bodyguard of President Muhammadu Buhari has reportedly been arrested for having close ties with Boko Haram militants.
According to Vanguard, Hassan Aminu who was a personal bodyguard to Buhari, was taken into custody by security operatives to be interrogated.