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Aviation Sector Rumbles

ANTHONY AWUNOR writes that tension may boil over in the aviation sector over the minister of State for Aviation, Hadi Sirika’s new proposal that five per cent of Federal Airports Authority of Nigeria’s (FAAN) Passenger Service Charges (PSC) should be remitted to the Accident Investigation Bureau (AIB) on monthly basis. Few months ago, the minister of State, Aviation, Senator Hadi Sirika, ordered that Federal Airports of Authority of Nigeria (FAAN) should be remitting five per cent of its Passenger Service Charges (PSC) to the Accident Investigation Bureau (AIB) on monthly bases. The minister’s order was as a result of a request earlier made by AIB, demanding for 10 per cent of such fund from the Aviation Ministry. Before now, AIB is funded from three per cent of total revenue derived from Ticket Sales Charges (TSC) in addition to their yearly budgetary federal government allocation since the United Nation’s charter on Aircraft...
by Kayode Tokede, Lagos In spite of the tough operating business environment that impacted negatively on the performance of many Deposit Money Banks (DMBs), 11 of them generated N132.5billion through the Electronic banking (E-Banking) transactions in 2016. Banks continued to support Central Bank of Nigeria (CBN)’s cashless policy with the introduction of various initiatives that include Mobile Applications (Apps) that tends to enhance ease of transactions online and reduce customers’ transaction inside the banking hall. The above considered banks in 2015 had generated a total sum of N94 billion with mostly Tier 1 Banks ( Banks with strongest total quality, branches network and staff strength) that include Zenith Bank, United Bank for Africa, Access Bank Plc and Guaranty Trust Bank Plc contributing. These Banks’ Electronic banking charges comes from customers transactions on Mobile Apps and online related transactions. For the year under review, United Bank for Africa tops other 10 DMBs with N30.4...

Germany: Merkel Wins Fourth Term

By Juliana Agbo with agency report - Angela Merkel is set for a fourth term as Germany’s Chancellor after her centre right CDU/CSU won a projected 33% of the votes in federal elections, making it the largest party in the Bundestag with an estimated 218 seats. The Christian Democrats’ score, sharply down on the 41% of the vote it collected in the previous 2013 elections, was widely seen as disappointing and is likely to leave Merkel diminished on the domestic political stage. Her main rivals and outgoing coalition partners, Martin Schulz’s Social Democrat SPD, crashed to just over 20% and a projected 138 seats. Within an hour of the first exit poll, Schulz confirmed statements by other senior party figures that the SPD would not renew its “grand coalition” with the CDU but head into opposition. The far-right, anti-immigration AfD made a historic breakthrough, winning 13.5% of the vote and a projected 87 seats...
By Ahuraka Isah and Solomon Ayado, The Senate said yesterday that it restricted the investigative hearing into how over 60 companies swindled the country with over N30 trillion revenue through non-remittances of moneys payable to the federation account to only the firms in order to avoid disclosing their trade secrets. The Senate also assured Nigerians that the probe was aimed at recovering revenues lost by the government. The Red Chamber was reacting to questions as to why the public investigative hearing is being shrouded in secrecy, thereby giving credence to speculation that the probe itself is fraught with negotiations between the investigation team and chief executive officers of the companies. Senate committee chairman on Customs, Excise and Tariff, Hope Uzodima, said it was not true that the probe into the N30trillion scam is shrouded in secrecy because the press is constantly briefed at every stage of the investigation. “In order not to breach the...
By Sunday Isuwa, Abuja The Nigeria Police Force disclosed yesterday that 221 Police officers were attached to Anambra State governor, Willie Obiano, for his personal and office protection. Obiano had alleged the withdrawal of his security detail, a development that necessitated the president to order the reinstatement of the governor’s security aide. A statement by the Force Public Relations Officer, CSP Jimoh Moshood, noted that the personnel attached to Obiano comprised one ADC, one CSO, one Unit Commander from 45 Police Mobile Force ( PMF) and one Administration Officer to administer the Police Personnel. Others are 43 Personnel of PMF from 29 PMF and 54 PMF, 62 personnel of PMF from 45 PMF, 46 Personnel of Special Protection Unit (SPU) and 66 Personnel of Conventional Policemen. Moshood said that Police personnel attached to Obiano were more than the strength of some Police Area Commands in some states of the country. “This is done to ensure...
The minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said the Bank of Agriculture (BoA) will become the largest bank in the country after its restructuring by the federal government. “We have begun the process of restructuring the Bank of Agriculture (BOA) and by the time we finish, it will become the largest bank in this country, with probably anything between 25 and 30 million depositors and shareholders”, he stated. In an exclusive interview with LEADERSHIP, Ogbeh reeled out other achievements of the President Muhammadu Buhari administration including bringing back the universities of agriculture under the ministry of Agriculture after 16 years in the wilderness. He said the present administration has succeeded in heavily cutting down food importation, particularly rice since its assumption of office two years ago. The minister noted that against 2015 when Nigeria imported 580,000 metric tonnes of rice, the federal government was able to cut down importation...
By Jonathan Nda- Isaiah, Abuja - Vice President Yemi Osinbajo said yesterday that Nigeria is still suffering from the consequences of the lack of transparency in the award of OPL 245 to Malabu Oil and Gas Ltd in 1998. Osinbajo spoke in Jakarta, Indonesia, yesterday at a conference on beneficial ownership organised by the Extractive Industries Transparency Initiative (EITI). LEADERSHIP recalls that the Malabu oil scam, which had been making the headlines for years, is one of the biggest corruption scandals ever witnessed in the global oil industry. The controversial $1.3 billion deal revolves around “OPL 245”, which is believed to be the most valuable oil field in West Africa. The scam is being investigated in Nigeria, Italy and Netherlands due to the involvement of oil giants Shell and ENI. The oil block, which is said to have about 9 billion barrels of crude oil, was sold to Shell and ENI for $1.3 billion in...

PMB’s Address To UNGA 72

STATEMENT DELIVERED BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA  AT  THE GENERAL DEBATE OF THE 72ND SESSION OF UNITED NATIONS GENERAL ASSEMBLY, IN NEW YORK,  ON  TUESDAY, 19 SEPTEMBER 2017   Ø    Mr. President, Ø    Fellow Heads of State and Government, Ø    Mr. Secretary-General, Ø    Distinguished Delegates, Ø    Ladies and Gentlemen, On behalf of my country, Nigeria, I congratulate you Mr. President on your election and Mr. Gutteres on his first General Assembly outing as our Secretary-General.  I assure you both of my country’s solidarity and cooperation.  You will indeed need the cooperation of all member States as we are meeting during extra-ordinarily troubled and dangerous times. Let me also thank former Secretary-General Mr. Ban ki Moon for his service to   the United Nations and wish him peaceful retirement. Mr. President, The previous year has witnessed many far-reaching developments. Some of the most significant events include the Iran Nuclear Deal, the Paris Climate Change Agreement and, of grave concern,...
By Jonathan Nda- Isaiah, Chibuzo Ukaibe, Ejike Ejike and Michael Oche, Abuja - There are indications that President Muhammadu Buhari may wield the big stick on top government officials who aided the reinstatement of Mr Abdullahi Abdulrasheed Maina as director in charge of human resources in the Ministry of Interior. The president yesterday ordered that a full report of the circumstances that led to Maina’s recall and posting to the Ministry of Interior be made available to him. This was after he had ordered the immediate disengagement from service of the former chairman of the presidential task force on pension reforms. According to a statement by his special adviser on media and publicity, Femi Adesina, President Buhari’s directive is contained in a memo to the Head of the Civil Service of the Federation. Adesina said the report on Maina’s reinstatement is to be submitted to the office of the Chief of Staff to the...
By Michael Oche, AHURAKA ISAH, SOLOMON AYADO, Abuja and Taiwo Ogunmola-Omilani, Lagos Organised labour in the country yesterday implored President Muhammadu Buhari not to release further bailout funds to governors of the 36 states of the federation until they are made to account for the funds already released to them. The workers under the auspices of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) also vowed to begin massive protests in states that have refused to use the bailouts funds released to them by the federal government to settle workers’ salaries. A delegation of the Nigeria Governors’ Forum (NGF) were at the presidential villa, Abuja on Tuesday where they met with President Buhari to demand for the release of the 50 per cent balance of the Paris Club refund to states. Chairman of the forum and Zamfara State governor, Abdulazeez Yari, told journalists after the meeting with the president that the...