Author: The Nation

  • Troops neutralise three bandits in Mangu, recover rifles 

    Troops neutralise three bandits in Mangu, recover rifles 

    Three suspected bandits have been killed and three AK-47 rifles recovered by troops of Operation Safe Haven (OPSH) currently deployed to Mangu local government area of Plateau State.

    The troops led by the TaskForce Commander, Maj.-Gen. Abdulsalam Abubakar, relocated to the troubled local government area following incessant attacks by gunmen on farming communities.

    Read Also: Tinubu arrives Guinea-Bissau, visits Nigerian troops

    Giving update on their operations yesterday, spokesman for the Nigerian Army, Brig.-Gen. Onyema Nwachukwu, said the gunmen were killed along Mangu-Pushit road by troops who responded to a distress call.

    He said the troops also recovered 14 rounds of 7.62 special ammunition, a motorcycle and a Constabulary Police ID card.

    Nwachukwu said other criminals fled with gunshot wounds, reassuring the populace of army’s commitment to restoring peace.

  • Second Niger Bridge vandalised, fittings removed 

    Second Niger Bridge vandalised, fittings removed 

    Engineer’s representative for the second Niger Bridge, Seyi Martins, has condemned removal of road fittings from by vandals.

    He also attributed low usage of the bridge to security challenges facing the region, stressing that the experts’ mandate was to construct the bridge to decongest traffic.

    Speaking with reporters in Onitsha yesterday, Martins assured that the federal government would beef up security around the bridge to protect it from further vandalism.

    He said: “It is true that the bridge was vandalised. Those fittings will surely be replaced. It is an important national asset that should be protected by all.

    Read Also: BREAKING: South East Govs name second Niger Bridge after Buhari

    “We have contacted all the security agencies and we will beef security around the bridge and on the bridge.

    “People have cried for this bridge for decades, now they have the second Niger Bridge, just a month after it was inaugurated, they vandalised it, I think something is wrong somewhere.

    “This bridge will be beneficial to everybody. The vandalism on the bridge is unacceptable. It is not in the interest of the larger community as the profit from the vandalization is just for a moment.

    “The effect of the destruction will be for a very long time, because at the end of the day they will also suffer the consequences, so it is better not to vandalise public property, it belongs to you and I.”

  • Qatar 2022: Nigeria missing as FIFA shares $209 million Club Benefits

    Qatar 2022: Nigeria missing as FIFA shares $209 million Club Benefits

    ‘The ripple effects of missing out of the 2022 FIFA World Cup has yet come to the fore as the world soccer ruling body begins sharing some $209 million USD in its Club Benefits Programme, NationSports can exclusively report.

    Established ahead of the 2010 FIFA World Cup South Africa with a provision made in the institutional agreement signed between FIFA and the European Club Association, the Club Benefits Programme is an initiative that was designed to recognise the contribution that football clubs make in the successful staging of the FIFA World Cup.

    According to FIFA, the CBF ensures that clubs are financially rewarded with a share of the benefits from the tournament. This amount is subsequently distributed through the member associations to clubs that released the participating players.

    “As part of its commitment to recognising the contribution that football clubs make to the successful staging of the FIFA World Cup, the FIFA World Cup Qatar 2022 Club Benefits Programme will see USD 209 million distributed to clubs across the world,” FIFA noted.

    Read Also: FIFA Women’s World Cup: ABL-Unity Championship convener canvasses support for Falcons

    Nigeria failed to qualify for Qatar 2022 consequently no Nigerian club would benefit from this money even as the five African representatives at the tournament would share a record $55 million USD- the highest by any of the FIFA’s confederations.

    In a figure due to be released this week , our correspondent gathered that two North African countries Tunisia and Morocco that featured few home-based players in their World Cup squad are the biggest continental beneficiaries from the FIFA largesse.

    While five clubs from Tunisia would share between them $1.4 million USD, two Moroccan clubs would equally share some $1.4 million USD.

    Other African countries captured in the CBF include Egypt where two clubs would share $ 650,638 USD; five clubs in Ghana will also get $565,772 USD .

    Three clubs in Cameroon will also share $401, 515 USD while Senegal that included one local player in their Qatar 2022 World Cup got the least- $20,075 USD.

    “ The report of the FIFA Club Benefits Programme is ready and it’s painful that no Nigerian club will get from the post Qatar 2022 World cup largesse since we failed to make the mundial,” a decent source privy to the figures told NationSport on anonymity.“ Of all the FIFA Confederations, Africa made almost $55 million USD from the Club Benefits Programme, but unfortunately Nigeria is not listed as it were.”

  • Reality star Vee threatens to jail plumber

    Reality star Vee threatens to jail plumber

    Big Brother Naija Alumni, Victoria Adeyele, aka Vee, has threatened to jail her plumber for deploying fraudulent means and antics to rip her off N150,000.

    The reality star claimed the plumber collected N150,000 for a job worth only N20,000.

    She said when she found out and complained, someone defended the action of the plumber saying it was because of the harsh economic situation of the country.

    Read Also: Stop disturbing us over Shanty town nudity – Veeiye

    Vee tweeted: “My plumber scammed me and collected 150k for a 20k job and one idiot is telling me it’s because ‘everyone is hungry.’
    “He will eat in jail.”

    The reality star said the plumber has been exploiting her because she had a different background and upbringing.

    “I grew up in a completely different environment, so I tend to give people the benefit of the doubt. So I never suspected anything,” she said.

    The singer blasts Nigerians who normalised scams and fraudulent acts.

  • Tinubu: remedy for subsidy withdrawal hardship soon

    Tinubu: remedy for subsidy withdrawal hardship soon

    • •President asks lawmakers’ to approve N500b palliatives cash

    I understand the suffering the people are going through as a result of the removal of petrol subsidy and will soon remedy it, President Bola Ahmed Tinubu assured Nigerians yesterday.

    He requested the National Assembly to approve N500 billion as palliatives in a letter to the two chambers.

    The President also emphasised that electricity supply will receive a huge boost, assuring that his policies are geared towards revamping the economy in the interest of all Nigerians.

    He spoke at Aso Villa in Abuja during a meeting with the class of 1999 governors, of which he is a member.

    Eighteen of the former governors, led by Lucky Igbinedion (Edo), visited the President to pledge their support for his administration. Among the 36 governors of the 1999 class, only 26 of them are alive, according to Igbinedion.

    Tinubu said: “I understand that our people are suffering; yet, there can be no childbirth without pain. The joy of childbirth is the relief that comes after the pain. 

    “Nigeria is reborn already with fuel subsidy removal. It is a rebirth of the country for the largest number over a few smugglers. Please, tell the people to be a little patient. 

    “We served as governors and sat in this Council Chamber. All I wanted was democracy and the salvation of the country. I never thought I was going to be here as President, but God Almighty has brought me.

    “My commitment to that democratic value is unwavering. I am overwhelmed and honoured by the number of you here,

    “I have an open-door policy. You are my advisers. We went into the pond and wrestled with a pig. We got dirty and cleaned up. That is why I am here today.”

    President Tinubu noted that the country will not make meaningful progress without fixing electricity, assuring that his administration will harness gas resources, and explore every opportunity to ensure stable power generation and supply.

    On security, the President who had earlier met with Governor Babagana Zulum of Borno State to review the situation in the Northeast, appealed to Nigerians, especially Plateau State, to sheath their swords and use dialogue in resolving conflicts, adding that issues of borders were man-made, not created by God.

    “We will do everything possible to stabilise the country,” he added.

    The former governors urged the President to pursue his vision for a greater Nigeria with vigour, steadfastness, and resilience, trusting their support for development policies, and promising to provide the necessary social structure for actualisation.

    “We are here with you. We are your foot soldiers, and you can tap into our experience. You are a person who believes in Nigeria. With your good leadership, Nigeria will take its place”, Igbinedion said.

    Speaking to reporters after the meeting, Igbinedion said: “We came to congratulate Mr President and also to thank him for making one of us the Secretary to Government. 

    Read Also: Tinubu’s removal of subsidy shocked oil cartel – Ardo

    “We came to assure him that he has our full support and prayers for the bold steps he has started to take, for his initiatives and also let him know that this is beyond party politics.

    “We’re now talking about Project Nigeria, therefore all hands must be on deck to give Mr President the needed support and encouragement to foster a better nation.

    “We also seized the opportunity to congratulate him as the new Chairman of the ECOWAS and assure him that we’re with him and anytime he wants to dig into the wealth of experience of these very prominent and well-founded members of Class of ’99, he should rest assured that we’ll continue to give him the necessary support.

    “Therefore, Nigerians should wait patiently and believe in him, that he’s going to come up with palliatives that will put smiles on the faces of every one of us in Nigeria

    “So, we believe him and we want to encourage you also to give him the necessary support through the media and give correct information to the general populace so that we’ll have a greater nation,” he said.

    Igbinedion said the group had discussions on other national issues, ranging from security to unemployment and infrastructure needs. 

    “We talked about security, we talked about unemployment and we talked about electricity because without electricity, we really cannot develop. So for us to develop, there must be a constant, uninterrupted power supply. 

    “The issue of subsidy is gone and it’s gone forever. People should start finding their level and I’m sure we time things will come to normal and also the unification of the exchange rate into one now, as was also mentioned. 

    “So, these are just the basic issues that we raised there and Mr President, on his own, thanked us for coming en mass. You can see in 1999 we were 36, but today we’re now 26. 

    “We want to assure you that even though some of us have gone to the great beyond, the majority of us are still very much alive and it is our prayer that we’ll continue to be of service to our nation, without any prejudices,” he said. 

    He affirmed that they were 19 at the meeting, including President Tinubu, who was governor of Lagos State.

    Also present was Secretary to the Government of the Federation (SGF), George Akume, who was governor of Benue State.

    Other governors at the meeting were Niyi Adebayo (Ekiti), Orji Uzor Kalu (Abia), Sam Egwu (Ebonyi), Adamu Muazu (Bauchi), Donald Duke (Cross River), James Ibori (Delta) and Obong Victor Attah (Akwa Ibom).

    Other were Chimaroke Nnamani (Enugu), Saminu Turaki (Jigawa), Adamu Aleiro (Kebbi), Olusegun Osoba (Ogun), Adebisi Akande (Osun), Joshua Dariye (Plateau), Attahiru Bafarawa (Sokoto), Ahmad Sani Yarima (Zamfara) and Rev. Jolly Nyame (Taraba State).

  • Tinubu writes National Assembly to seek N500b for palliatives

    Tinubu writes National Assembly to seek N500b for palliatives

    President Bola Ahmed Tinubu has asked the National Assembly to amend the 2022 Supplementary Appropriation Act to enable the Federal Government to source N500 billion to cushion the effects of subsidy removal.

    The request is contained in a letter read on the floor of the House of Representatives by Speaker Tajudeen Abbas yesterday.

    In his letter to the federal lawmakers, the President explained that the N500 billion would be sourced from the 2022 supplementary appropriation act of N819. 5 billion.

    Read Also: Subsidy: Group urges Adeleke to provide palliatives

    The letter titled: “Request for the amendment of the 2022 Appropriation Act” reads in part: “The request has become necessary in order to source for funds to provide necessary palliatives to cushion the effect of the recent removal of fuel subsidy in Nigeria.

    “The sum of N500 billion only has been extracted from the 2022 Appropriation Act of N819.536 billion for the provision of palliatives to Nigerians to cushion the effect of fuel subsidy removal. I expect that the House will speedily consider the request.”

  • Fed Govt, states to partner on electricity

    Fed Govt, states to partner on electricity

    • •Only 53% of electricity capacity utilised, says commission
    • •Reps slam BEDC for blackout in Ondo South councils

    Following the new law decentralising electricity, the Federal Government has expressed willingness to partner with states on power generation.

     The Nigerian Electricity Regulatory Commission (NERC) said it would provide the regulatory framework for states to operate in the power sector.

    The Fifth Alteration Bill No. 33 (Devolution of Powers) allows states to generate, transmit and distribute electricity in areas covered by the national grid.

    Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye, said: “NERC’s principle has always been that we will partner with any state or anybody that achieves the common goal of ensuring that the lights stay on.”

    He spoke during a two-day stakeholder workshop on the Constitutional Amendment and Electricity Act 2023, which began yesterday in Lagos. 

    The commission provided highlights of the event via its Twitter handle  @NERCNG, monitored by our correspondent.

    NERC Vice-Chairman/Commissioner, Market, Competition & Rates, Musiliu Oseni, believes the new Electricity Act has the potential of transforming the entire electricity supply industry.

    He added: “When it comes to nurturing the sector, states face important choices that come with implications.

    “It is important for them to adopt a collaborative mindset, focus on load growth, prioritise quality improvements, prioritise customer satisfaction, and work towards improving liquidity.

    “These considerations are key to supporting the sector’s growth and success.”

    NERC also said that available electricity capacity is underutilised.

    Oseni said: “Only 53 per cent of available (electricity) capacity is utilised due to challenges with gas supply, transmission and distribution constraints and commercial challenges.”

    As of July 11, the total energy generated in the Nigerian Electricity Supply Industry (NESI) was 4,078.3MW.

    NERC Fourth Quarter 2022 Report said the average available capacity of 4,497.32MW was available generation capacity.

    Read Also: DisCos intensify efforts for electricity tariffs hike approval

    According to the report, 75 per cent of the available capacity is gas-based, while the rest is from hydro as solar and biomass account for a very negligible percentage.

    However, as of June 6, the installed generation capacity was 12,522MW.

    Reps decry 14-year blackout in Ondo councils

    Also yesterday, the House of Representatives mandated its Committee on Power (when constituted) to invite the General Manager/Chief Executive Officer (CEO) of the Benin Electricity Distribution Company (BEDC).

    He will explain why the electricity blackout in Irele, Okitipupa, Ese-Odo and Ilaje local government areas (LGAs) has persisted for 14 years. 

    The House also resolved to invite the Transmission Company of Nigeria (TCN) to explain why the councils were disconnected from the national grid. 

    The House said it would liaise with NERC on the reconnection of the LGAs while resolving any disputes.

    The committee is to report back within eight weeks. 

    These followed the adoption of a motion titled: “Need to Investigate the Electricity Blackout in Irele, Okitipupa, Ese Odo and Ilaje LGAs of Ondo State” sponsored by Odimayo Okunjimi John. 

    The House noted that the primary responsibility of every government is to create a conducive atmosphere for citizens to carry out their social and economic activities with little or no hindrance. 

    The House said it was aware that since 2014, most communities in Irele LGA, such as Ode-lrele, OdeAjaja, Akotogbo, lyesa, Ujusun, Ormi, Aturase, and Udogun have been in darkness.

    Others in Okitipupa LGA are lgbotako, llutitun, lkoya, Ayeka, lgbodigu, lrinje, lgundan, ldobilayo and Big road area of Okitipupa, as well as Ese-Edo and Ilaje LGA.

    The House was concerned that the action by the BEDC has brought untold hardship and misery to the citizens, as all Small and Medium Enterprises (SMEs) in these areas have folded up or collapsed due to a lack of electricity supply. 

    It said the high cost of providing alternative power supply has crippled the businesses of those who tried to brave the odds by using generators to power their activities. 

    The House was also concerned that children born 15 years ago to date in these communities do not know what public power supply is all about as they have never witnessed any form of electricity supply. 

    The House said the only means of power supply they know is either lamps, touches, candles or generators. 

    It said the situation has led to a massive loss of jobs for the locals, while the situation has adversely affected foreign exchange earnings by companies in the area.

  • Investors-confidence now boosted, says NGX

    Investors-confidence now boosted, says NGX

    • Listed companies to get fiscal incentives

    The unprecedented growth of the Nigerian capital market in recent period is due to President Bola Ahmed Tinubu’s policies, Chief Executive Officer, Nigerian  Exchange (NGX), Mr Temi Popoola said yesterday. 

    Speaking at the NGX in Lagos, Popoola attributed the staggering growth of the Nigerian capital market to increased focus, emphasis on regulation and the return of investors’ confidence in the market due to policies implemented by the Tinubu Administration.

    He said the NGX would work with the government on the introduction of fiscal incentives for listed companies.

    He added that the  Exchange would also increase its advocacy for listed companies on their challenges.

    He underlined the importance of the capital market to the ongoing economic renewal programmes of the government noting that the ability to raise capital for smaller corporates will drive the growth of the nation’s economy.

    Read Also: NGX, business lawyers to foster stronger corporate governance

    He pointed out that in order to unlock capital, there is a need to tap into retail investment.

    According to him, NGX is strategically working with the government on attracting more listings to its platform among other objectives. 

    “It is very clear that the government needs as much support as it can get. We are working with all stakeholders: the SEC, other exchanges, just across the market to address key challenges around wealth creation and revenue generation.

    “Currently, we are working through a plan tagged ‘fiscal-type incentives for listed corporates’ as Nigeria is one of the few geographies where a listed company can barely point at any tangible fiscal thing that they enjoy by being listed. We will also be engaging corporates to further identify their pain-points and amplify that with the government.” Popoola said.

    Popoola spoke at closing gong ceremony in honour of the new Chief Executive Officer, Dangote Cement Plc, Mr Arvind Pathak.

    He commended the performance of Dangote Cement in its 2022 financial numbers, while assuring that the Exchange is keen to continue working with more stakeholders in the industry.

    Pathak said that having made giant strides in its debt capital market journey, Dangote Cement is optimistic about its future growth and strategy prospects. 

    The new CEO said the company is looking forward to fostering partnership with the Exchange on evolving ways to promote the growth of the Nigerian capital market, while providing additional value to its unwavering shareholders.

  • Navy uncovers two oil theft sites in Rivers

    Navy uncovers two oil theft sites in Rivers

    The Nigeria Navy has uncovered two locations where high-level crude oil theft occurs in Rivers State. 

    The sites are in Kala Ekweama in Asari-Toru and Degema Local Government Areas where the Nigerian National Petroleum Company Limited (NNPCL) operates Oil Minning Lease (OML)-18.

    Commander of NNS PathFinder in the state, Commodore Suleiman Ibrahim, announced this yesterday as the House of Representatives restated its resolve to investigate crude oil theft in the country.

    NNPCL had on Monday revealed that a 150,000 metric tonne-capacity vessel laden with stolen crude was intercepted and destroyed in the Niger Delta.

    It also said that 64 illegal crude oil connections were discovered and 77 illegal refineries were destroyed in the region last week. 

    At the Kala Ekweama site, reporters who accompanied the NNPC Pathfinder boss, observed two large wooden boats (Cameroun boats), capable of containing over one million litres of crude with rubber pipes connected to a wellhead.  

    Also, the forest littered with other types of pipes, awaiting to be laid underground.   

    At the Okakara facility, it was observed that criminals carefully cleared the forest and laid pipes at three different loading points.  

    Six cameroon wooden boats were already on the ground, awaiting loading. Some connecting valves were seen at the place.

    Ibrahim said the discoveries were made during an air patrol of the   councils by personnel of the command on Monday

    The Navy chief added that troops recovered from the sabotaged facility, boats, equipment and other machines used.

    Read Also: Navy intercepts 15,000 rogue vessels in two years

    He said: “The activities of the criminals in this terrain (Ekweama) were discovered by our air assets.  The Navy has put everything on the ground to ensure that it curbs illegal crude oil theft in the Niger Delta.

    At the Okakara facility, the Commander advised NNPCL to look inwards, adding that the attacks on its facilities might be perpetrated by “people close by.”

    He added that the technical work done at the site must have been by highly skilled people.

    Ibrahim said: “The arrangement here is a bit more complex. You can see that a lot of technical skills have been involved when we found that pipes have been laid directly to the wellhead and then taken all the way to about three different loading points.

    “As it stands, we will work with the company (NNPCL) to find out who exactly was responsible for these connections.

    “We have already contacted the operators of OML 18 to send their technical team to fix the damages.”

    The House of Representatives is to constitute an ad hoc committee to probe crude oil theft in the country.  

    The decision followed a motion by Phillip Agbese.

    Agbese said that reports showed that about 40 percent of crude oil loss by the country was due to inaccuracies in measurement and theft.  

    He added that the reports indicated that in 2021 alone, Nigeria lost $4 billion to oil theft at the rate of 200,000 barrels per day.

    The lawmaker also said that a 2022 report by the Nigerian Extractive Industry Transparency Initiative (NEITI) shows that about 619.7 million barrels of crude oil, valued at $46.16 billion were stolen in the last 12 years.

    Agbese’s request for the probe was immediately agreed to by his colleagues.   

  • Our next move against Russia, by G7

    Our next move against Russia, by G7

    The G-7 leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States have unveiled their next move against Russia.

    The leaders, in a statement in Washington yesterday, said in the event of future Russian armed attack on Ukraine, they would provide  the Volodymyr Zelenskyy-led   government “with swift and sustained security assistance.”

    “We will provide modern military equipment across land, sea and air domains, and economic assistance, to impose economic and other costs on Russia, and to consult with Ukraine on its needs as it exercises its right of self-defence enshrined in Article 51 of the UN Charter,” they said.

    The leaders added that they would continue to work for a free, independent, democratic, and sovereign Ukraine.

    “We affirm that the security of Ukraine is integral to the security of the Euro-Atlantic region.

    Read Also: Wagner group completely funded by Russian state, says Putin

    “We consider Russia’s illegal and unprovoked invasion of Ukraine to be a threat to international peace and security, a flagrant violation of international law, including the UN Charter, and incompatible with our security interests. We will stand with Ukraine as it defends itself against Russian aggression, for as long as it takes.

    “We stand united in our enduring support for Ukraine, rooted in our shared democratic values and interests, above all, respect for the UN Charter and the principles of territorial integrity and sovereignty. “

    “Today, we are launching negotiations with Ukraine to formalise — through bilateral security commitments and arrangements aligned with this multilateral framework, in accordance with our respective legal and constitutional requirements — our enduring support to Ukraine as it defends its sovereignty and territorial integrity, rebuilds its economy, protects its citizens, and pursues integration into the Euro-Atlantic community. We will direct our teams to begin these discussions immediately,” the leaders said.

    They also vowed to work with Ukraine on bilateral, long-term security commitments and arrangements to ensure a sustainable force capable of defending Ukraine and deterring Russian aggression.