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By Kunle Olasanmi, Abuja The Senator representing Bauchi central senatorial district, Isah Misau, said yesterday that he was ready to meet the federal government in court to defend charges bordering on forgery and perjury levelled against him. Last week, the federal government had filed a five-count criminal charge before an Abuja High Court against the Senator bordering on alleged injurious falsehood against the Inspector General of Police (IGP) and the Nigeria Police Force. The prosecution had further sought for the permission of the court to summon Misau to appear before it. But the Chief Judge of the court, Justice Ishaq Bello, who heard the application in his chamber, refused to grant the permission and consequently ordered the prosecution to follow the legal way of serving the court process on the defendant. Misau, who spoke through his counsel, Mr. Godwin Obla (SAN), in a statement issued in Abuja said the reason he is being called...
by Kunle Olasanmi, Abuja A Federal High Court in Abuja yesterday ordered Senator Enyinaya Abaribe and two others standing as sureties for the leader of the proscribed indigenous people of Biafra, Nnamdi Kanu, to explain the whereabouts of the IPOB leader. The court headed by Justice Binta Nyako had granted bail to Kanu on April 24, 2017 under certain stringent conditions, but the IPOB leader has at various times flouted some of his bail conditions. Kanu was absent from the court yesterday when his trial resumed, while prison officials produced his three co-defendants in court. During yesterday’s proceedings in court, Kanu’s lawyer, Mr. Ifeanyi Ejiofor, told the judge that Kanu had been missing after soldiers allegedly invaded the IPOB leader’s home‎ on September 14, 2017, adding that the Nigerian Army was in the best position to produce the defendant. A lawyer, Mr. Ogechi Ogunna, who appeared for Abaribe informed the judge ‎that his client...
By Jonathan Nda-Isaiah, Abuja President Muhammadu Buhari yesterday rhetorically demanded to know from state governors how they manage to sleep comfortably and luxuriously when workers in their various domains are being owed salaries for months. “How can anyone go to bed and sleep soundly when workers have not been paid their salaries for months. I actually wonder how the workers feed their families, pay their rents and even pay school fees for their children’’, Buhari was said to have asked the governors. The president spoke when a delegation of the Nigeria Governors’ Forum (NGF) met with him to demand for the release of the 50 per cent balance of the Paris Club refund to states. Led by its chairman, Abdulazeez Yari who is also the governor of Zamfara State, the NGF delegation that met the president in Aso Villa had one representative each from the six geo-political zones of the country. A statement by...
By Kauthar Anumba-Khaleel, Abuja President Muhammadu Buhari yesterday presented the 2018-2020 medium term expenditure framework (MTEF) and the fiscal strategy paper (FSP) to the House of Representatives as part of preparations for the presentation of the 2018 budget. Speaker of the House of Representatives, Hon. Yakubu Dogara, read a letter dated October 9, 2017, conveying the MTEF/FSP to the House. Although the Speaker read the letter without giving details, LEADERSHIP gathered reliably that in the MTEF, the federal government projected a budget of N7.9 trillion for 2018, about N500 billion more than the 2017 N7.44 trillion appropriation. It was also learnt the federal government has proposed $45 per barrel of oil and a 2.3 million barrel per day (mbpd) oil production quota for the 2018 budget. The executive is said to have equally proposed an exchange rate of N305/$1, with 12.42 inflation rates, a 4.8 per cent GDP growth rate and nominal GDP of...
*Says its fiction of a faceless writer By Ebriku John Friday, Abuja Former President Goodluck Jonathan has disowned a speech which has gone viral on social media allegedly delivered by him in The state of Texas, United States of America. He described it the speech which addressed the place of the Niger Delta in the agitation for Biafra allegedly delivered by him as a "pure fiction which serves no purpose, other than probably massage the ego of the faceless writer". Speaking in a statement signed by his media adviser, Ikechukwu Eze, the former president stated further that he has never visited the said US state since he left office in 2015 The statement reads in part, "We have just been informed of the text of a speech fabricated in the name of former President Goodluck Jonathan in which he was alleged to have addressed the issue of the place of the Niger Delta in...
By Kunle Olasanmi, Abuja - The embattled leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, is expected to return to court today for the continuation of his trial. Kanu was granted bail by a federal high court when the court sitting in Abuja, adjourned hearing on the suit filed against him by the federal government, till today. However, it is unlikely that ‎the IPOB leader will be present in court. For about a month now, ‎there has been accusation and counter-accusation over the whereabouts of Kanu as his whereabouts has remained unknown, following the raid that was carried out by the military in his Afara-ukwu residence in Umuahia, Abia state, on September 14, 2017. The Nigerian army on September 14, 2017 stormed Kanu’ s residence in search of what they called “technical items.” Kanu is standing trial before Justice Binta Murtala-Nyako, of a federal high court sitting in Abuja. He was granted bail...
By ABU NMODU, Minna and ANAYO ONUKWUGHA, PORT HARCOURT - Former military president, Gen Ibrahim Badamasi Babangida (rtd), yesterday warned against politics of rancour and division even as he cautioned politicians against unpatriotic tendencies. According to him, politics should not be played to disunite the country but should rather be used as a uniting factor. IBB, as he is fondly called, spoke when he received some of the founding fathers and members of the Peoples Democratic Party (PDP) at his uphill residence in Minna, the capital of Niger State. He counseled them to be focused in their political activities and work hard for the unity of the country instead of engaging in acts that are capable of disuniting the country. LEADERSHIP observed that the founding members of the major opposition party in the country who appeared to be favourably disposed to the candidature of Professor Tunde Adeniran as the new national chairman of the...
BY MARK ITSIBOR, Abuja, BUKOLA IDOWU and KAYODE TOKEDE, Lagos - The announcement by the federal government over the weekend that it will continue to borrow money, especially from abroad to fund infrastructure, service debt and keep the economy running has divided economists and financial experts in the country along parallel lines. While some contend that it is not justifiable to borrow at this time the nation is already in huge debt to service outstanding debts and stimulate the economy, others think otherwise. Addressing a press conference on Sunday at spring meeting in Washington DC, Finance Minister, Kemi Adeosun, had said the federal government will continue to borrow in spite of concerns over Nigeria’s rising debt profile, occasioned by low crude oil revenue, to keep the economy going. According to recent figures from the Debt Management Office (DMO), the nation’s total foreign and domestic debt is currently at N19.16 trillion from about N17.36...
By ZAKA KHALIQ, Lagos - Five of the listed insurance companies on the floor of Nigerian Stock Exchange (NSE) are making frantic move to raise N20 billion from new and existing shareholders, LEADERSHIP investigations have revealed. This, it was learnt, is in a bid to recapitalise and become stronger to play active roles in insurance market by the time the new supervision model, Risk Based Supervision (RBS), kicks off in the country next year. Already, WAPIC Insurance PLC, Sovereign Trust Insurance (STI) PLC, Consolidated Hallmark Insurance PLC, Royal Exchange PLC and Law Union and Rock Insurance PLC have concluded plans to raise a cumulative N20 billion through public offers and private placement respectively. WAPIC Insurance PLC, on its part, plans to raise N10 billion, with STI Plc aiming to raise N2 billion, even as Consolidated Hallmark Insurance PLC plans to raise N2.5 billion additional capital or its equivalent, whether locally or internationally or...
…Amid drop in profitability By Sam Diala, Lagos - Zenith Bank, Access Bank, United Bank for Africa (UBA) and 7 others listed on the Nigerian Stock Exchange (NSE), posted income tax liabilities aggregating N50 billion in the first half of the year (H1 2007) – LEADERSHIP investigation has shown. The amount is N4 billion higher than N45.9 billion recorded by the same banks in the preceding period of 2016, representing 8 per cent jump. It is also 4.1 per cent of N2.11 trillion, being half of Federal Inland Revenue Service (FIRS) N4.22 trillion target for 2017. Data obtained from the banks’ H1 2017 results submitted to the NSE showed that four of the banks are in Tier 1 category, while six fall under Tier 2. The categorisation, adopted by the Central Bank of Nigeria (CBN), reflects the position and strength of the banks vis-a-vis factors that serve as buffers in the event of...