by OLUGBENGA SOYELE, Lagos The Asset Management Corporation of Nigeria (AMCON) yesterday on an order of a Federal High Court seized multi-billion naira properties in Lagos, Ogun and United Kingdom from three property firms and eight others following an alleged N4,680,343,681.47 bank debt. The assets, including land, houses, cars and generating plants, were seized in execution of an order granted by Justice Abdulaziz Anka authorising receiver/ manager Lanre Olaoluwa to take possession pending the determination of the suit. Justice Anka had made the order in Suit No FHC/AB/CS/69/16 filed by AMCON against 11 respondents including three firms: Havilah Villas Ltd, Grant Properties Ltd and Knight Brook Ltd. The other defendants are Rev. Olajide Awosedo, Rev. Mrs Abosede Olajide Awosedo, Engr Edun Kayode, Arch. Adebayo Kayode, Adaba Anthony, Byoma Andrew and Mfon Adebayo. The properties include 14 hectares of land and buildings at Victory Park Estate, Igbokushu, Lekki; House J1 Olajide Awosedo Avenue, Goshen Beach...
By Jonathan Nda- Isaiah, Abuja President Muhammadu Buhari yesterday directed state governors to pay all outstanding salary arrears to workers before Christmas. This was the condition he gave the governors before approving the payment of outstanding Paris- London Club refunds to states before the yuletide season. Buhari directed his key finance officers to sit down with representatives of Nigeria Governors’ Forum (NGF) to determine how much of the unpaid debts can be released to them before Christmas. Led by the chairman of the NGF and Zamfara State governor, Abdul-Aziz Yari, the governors were in Aso Rock to ask the president to give a commitment that he would pay all outstanding debts owed them from London and Paris Club deductions to ease their financial hardships. Preisdential spokesman, Mallam Garba Shehu noted that the governors informed the president that they wanted his commitment on this repayment so that they could factor the money into their 2018...
Some junior Police officers have commended their boss, the Inspector General of Police (IGP) Ibrahim Kpotun Idris for his humility, saying he has remained easily accessible to all officers and men of the force across Nigeria. The officers spoke at the weekend when the IGP addressed over 600 Police Mobile Force currently embarking on an operation to combat kidnapping and other criminal activities along Abuja-Kaduna highway. Speaking to journalists in separate interviews, the officers said the IGP’s open door policy as demonstrated by his accessibility has helped greatly in building confidence among the force, especially the rank and file. Among officers who spoke were Sergeants Ibrahim Sabo and James Okoro, Cpl Inuwa Mohammed and Constable Jimoh Adebayo. They all admitted that the IGP’s approach has further boost their confidence and morale. Men and officers of military and police joint patrol team at Alheri camp along the ever busy Kaduna-Abuja road also lauded the...
By FESTUS OKOROMADU, Abuja and CHIKA IZUORA, Lagos In a renewed effort to raise the country’s oil reserves and production, the Nigerian National Petroleum Corporation (NNPC) has entered into partnership with Halliburton , a global service providing company in the oil and gas sector, to realise its search for oil in the Chad Basin. The NNPC has also assured that the search for crude oil in Chad Basin will soon yield the needed result as the precise point which hydrocarbon can be extracted in commercial quantity will be discovered in the next 12 months. This is coming on the heels of a collaboration agreement that the search for crude oil in Chad Basin will soon yield the needed result as the precise point which hydrocarbon can be extracted in commercial quantity will be discovered in the next 12 months. This is coming on the heels of a collaboration agreement between the research and...
By Jonathan Nda- Isaiah and Paul Uwadima, Abuja,  George Okojie, Lagos and Msue Aza, Kaduna Governors of the 36 states of the federation yesterday set up a six-man committee to explore the option of actualising state police in the country. Coming at a time when the call for restructuring of the country is at a high pitch,  Lagos lawyer and Human Rights activist, Chief Femi Falana said what the governors did is part of the restructuring process. ‘’It is part of restructuring. I have always argued that restructuring has been on since 1999. State governments have since converted or simply collapsed the local government system as part of its structure or agency. In any case, let the state governments give modalities for its creation- uses and operational modalities- because the fear has always been the control of state police if created’’, Falana told LEADERSHIP Friday in a telephone chat yesterday. Zamfara State governor...
B ADEBIYI ADEDAPO, Acting President Yemi Osinbajo, has requested the House of Representatives to approve an addition of N135.6 billion by virement for the 2017 Budget. Osinbajo in a letter titled “Request for Virement of Funds from Various Budget Lines to Fund Federal Governments Priority Projects and Programmes,” noted that the executive and the legislative arms of government had prior to signing of the budget agreed to admit priority items for which adequate provisions were not made in the budget. Osinbajo in the letter addressed to the National Assembly said; “You will recall that the 2017 Appropriation Bill was signed into law on 12 June 2017. However, prior to the signing discussions and consultations were held between the Executive and leadership of the National Assembly on some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act. “You would also recall that it was agreed that the...
By Kingsley Opurum, Abuja The Russian Federation is without a shadow of doubt, an economic powerhouse in Europe and the world at large as well as Nigeria is the giant of Africa, which means that the bilateral cooperation of both continental giants will position properly in the comity of nations especially Nigeria that is still a developing nation. But in spite of these underlying similarities between the two nations, their trade relations have continued to be up against a brick wall due to the inability to ratify some frameworks that will streamline and enhance the trade cooperation between Russia and Nigeria. Pundits have already started calling on the Federal Government of Nigeria to waste no time and ratify the agreement on the promotion of investment with a view to strengthening bilateral trade relations with the former Soviet Union nation. Apparently, the inability of the Federal Government of Nigeria to ratify the framework, which...
By Jonathan Nda- Isaiah, Abuja and Obinna Ogbonaya, Abakaliki President Muhammadu Buhari yesterday assured Igbo people that his administration will ensure the timely execution of roads, power and other projects in the South East. Addressing leaders of thought and traditional rulers at a meeting in Government House, Abakiliki when he visited Ebonyi State, the president commended Ebonyi people for the warm reception accorded him during the state visit. He said, ‘’My presence here today is a demonstration of our strong belief in the unity of Nigeria. As the most populous country in Africa, with over 300 ethnic groups, our diversity is unique among nations. ‘’When I met with leaders from the South East last month in Abuja, they raised several issues of concern, including the state of the roads and infrastructure in the region. I want to assure you that we will deliver on our promises. ‘’Our 2018 Budget includes many strategic projects for...
By Jonathan Nda- Isaiah and Tunde Oguntola, Abuja - Minister of Information and Culture, Alhaji Lai Mohammed, said yesterday that President Muhammadu Buhari is ardently concerned about delivering on his key campaign promises than re-contesting the presidency in 2019. The issue of whether Buhari will run for the 2019 presidency had been a subject of debate in the public, with political analysts insisting that his body language is in the affirmative, especially now that the president’s support groups are drumming support for him. But speaking during a courtesy visit to the corporate headquarters of LEADERSHIP Group Ltd in Abuja yesterday, the minister dispelled insinuations about the president warming up for 2019. He maintained that Buhari is more focused on fulfilling his campaign promises of fighting corruption, dealing with insecurity as well as boosting the nation’s economy and would not want to be distracted with politics. “Mr President is much more concerned about delivering the campaign...
By Chibuzo Ukaibe, Abuja The crisis rocking the Peoples Democratic Party (PDP) over the race for national chairmanship of the party is taking a turn for the worse as threats of parallel national conventions have been muted in some quarters of the party. Party sources told LEADERSHIP yesterday that some party stakeholders seem to be displeased with what they consider moves to impose a candidate as national chairman at the December 9 national convention. The sources noted that the aggrieved party members are miffed over moves by some governors to force a candidate on the party, much like they did with the recently sacked national chairman of the party, Sen Ali Modu Sheriff. Our correspondent further learnt that some serving governors who are also not comfortable with the last outing that almost crumbled the party are ready to give tacit support for the protest against the convention. One of the party sources who did...