Abacha Loot: FG Wins Case As Malami Heads To U.S. Next Week For Repatriation

The Federal Government has won the case to have the country’s money looted by ex-head of state, Sani Abacha repatriated from the United State of America where the fund has been stashed.

This is equally as the Attorney-General, Malami is billed to visit US next week for the fund’s repatriation. This was disclosed, Friday, by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu.

Shehu was reacting to some claims making the rounds that President Buhari had donated USD 500 million to Democratic Hillary Clinton’s campaign in the recently held Presidential elections in U.S which saw the Republican Donald Trump emerge the President-elect.

According to Shehu, Nigeria has no such money to throw around and even if it does have, President Buhari who has zero tolerance for waste cannot do such unjustifiable act. “What is the craziest accusation made against President Buhari?”

“That he donated USD 500 million to Hillary’s campaign and that Donald Trump is angry. This has gone viral, sadly Nigerians are believing it!”

“President Buhari’s Nigeria doesn’t have this kind of money to throw around. Even if the money is there, this President is the least likely person to give it as donation, and for what?”

“As we speak, President Buhari is concluding agreements with the U.S. to return our stolen money in their banks. A FGN account has already been given for the return of one million Dollars from Alamisiegha.”

“Judgement on the USD 480 million Abacha loot has been won and our Attorney-General, Malami (SAN) will be in the US next week to speak to the Department of Justice, USDOJ on the next steps for the return of that as well.”



Japan’s Abe To Meet Trump Next Week

Japanese Prime Minister Shinzo Abe is to meet US president-elect Donald Trump next week in New York, officials said Thursday, after phone talks between the two following the billionaire’s shock election win.

Abe and Trump spoke for about 20 minutes and tentatively set a date of November 17 for the meeting, just before Abe goes to Peru for the Asia-Pacific Economic Cooperation (APEC) summit, a Japanese foreign ministry official told AFP.

During his election campaign, Trump raised eyebrows in Japan by calling on the country to pay more to support the cost of stationing US forces.

He even suggested that Japan might want to become a nuclear power to counter unpredictable neighbour North Korea, which has repeatedly conducted nuclear and ballistic missile tests to international condemnations and prompting UN sanctions.

That statement shocked many in Japan, the only country in the world to have been attacked with nuclear weapons.

Trump has also rejected the Trans-Pacific Partnership free trade deal pushed by President Barack Obama and which Abe hopes his parliament will ratify soon.

Abe congratulated Trump soon after his victory on Wednesday, vowing that the countries would maintain their close relationship, calling them “unshakeable allies”.

During their phone talks, Abe “talked about the importance of the bilateral relationship and the Japan-US alliance”, which he stressed underpins the peace and stability of the Asia-Pacific region, the foreign ministry official said.

In response, Trump said he hoped to strengthen the US-Japan relationship further, the official said.

Trump also said he appreciated Abe’s economic policy and looked forward to working with him, she said.

She declined to elaborate on what else they discussed.



Fuel Scarcity Ends Next Week– FG

The Federal government has disclosed that the lingering fuel crisis which has crippled socio-economic activities in the country will end next week.

Speaking to State House Correspondents after the Federal Executive Council Meeting presided over by President Muhammadu Buhari, The Minister  of Petroleum Resources, Ibe Kachikwu,ssaid that the queues were expected to completely disappear by the end of next week.

According to the Minister, Kachikwu  the scarcity  was as a result of sabotage,while thanking  Nigerians for their patience so far.
Kachikwu also said the NNPC is delivering about 1,200 trucks daily and by next week hopefully every part of the country will get fuel.

His words “The queues are as a result of sabotage. Some people rather than sell products send them into interlands where they can sell at ridiculous prices and so you are having this price distortions where people are making a lot of money, some are internal and some are external but a lot of it is marketers trying to make quick returns on their investments wrongly.

“We have asked DPR to deploy officials to ensure products are sold at the right because is only through price stabilization that these system queues will disappear.

He added that“As at today we are delivering about 1,200 trucks, by weekend we should be delivering same number of trucks, it will take a bit of days to even out but you can see improvement already. I hope by the end of next week with the refineries helping us to stay on course, every part of the country will get fuels.

“We thank President, NNPC staff and ministries who work night and day to enforce discipline.

“We thank Nigerians for their unbelievable level of patience, we are solving problem we met on ground and trying to find long term solution to it and urge Nigerians to report sabotage, where people are selling product on higher price because we all need to work collectively to make this thing go for good”.

Credit: Leadership

Senate Postpones Passage Of 2016 Budget To Next Week

SenateThe Senate spokesperson, Senator Aliyu Abdullahi, on Thursday said the National Assembly will pass the 2016 Budget next week.

“We are here to let you know that as of today, we are unable to lay the 2016 Appropriation Bill and thus, we are hoping next week that process will be completed.

“When I briefed you, I recalled you were asking if the passage will be completed by next week; and, we said ‘yes’ when you lay the budget the next thing is for you to discuss the budget and get it passed.

“The two activities will be carried out next week God willing”, he said.

Briefing journalists, the Senate spokesman explained that the National Assembly was unable to pass the 2016 Budget this week as planned because the appropriation committees are trying to make sure that there are no errors in the budget.

“As far as we are concerned, we have not failed. What is happening is the seriousness with which we take the 2016 Appropriation.

“It’s such that we cannot also afford to make errors that will become very costly to this nation.

“We have finished all necessary work within the context of the various committees. But remember, when you do the paper work, you have to also get people who will sit down and check.

“That is what we call data cleansing and integration; that is the two appropriation committees must integrate, that is the essence of what you call harmonization,” he maintained.

He added that the National Assembly was trying not to do the work in a haste and also make mistakes which was why the `data cleansing’ had to be done without haste.

“In everything you do, you must give freedom for degree of error. And, plus or minus, five is the basic standard that I’m aware of.

“Within this context, if next week we will be able to take this, then within that margin of error, the National Assembly is still on course.

“We call on Nigerians to understand that we are as eager as you to get this budget out but at the same time, we owe you a duty to ensure that the budget will be implementable,” Mr. Sabi said.

Senator Abdullahi assured that the national assembly would pass a budget which would meet the aspirations of Nigerians.

Credit: ChannelsTv

Obasanjo Bags MA Degree In Christian Theology, Graduate Next Week With 5,000 Others At NOUN Convocation

Former President Olusegun Obasanjo is among over 5,000 students that would be graduating from the National Open University of Nigeria (NOUN). He would be conferred with MA degree in Christian Theology.
The MA degree is under the School of Arts and Social Sciences and Obasanjo studied at NOUN Abeokuta study centre. His two are supervisors, Prof Isaac Ayegboyin, Head of Department of Religious Studies, University of Ibadan and Dr. Philip Tachin, lecturer in Systemic Theology Department.
Attempt by Saturday Sun to get the title of Obasanjo’s MA project proved abortive but it was learnt that the former President concluded his studies during the 2014/2015 academic session.
The graduation ceremony scheduled for Abuja next would attract stakeholders including the Minister of Education, Adamu Adamu, official of the National Universities Commission as well as associates of former President Obasanjo.
With his bagging of MA degree, the former President is one set to his desire to acquire PhD degree. Obasanjo while registering for his Postgraduate course in Lagos on Tuesday, September 30, 2014, promised to go for his PhD.
Obasanjo who his tenure as President resuscitated the National Open University of Nigeria, would be the star attraction at the 5th convocation ceremony scheduled to hold at University Village, National Open University of Nigeria, Cadastral Zone, Nnamdi Azikiwe Expressway, Jabi-Abuja.
The Management of the National Open University of Nigeria (NOUN) has concluded arrangements to host the 5th Convocation Ceremony of the University.
The ceremony, which is slated for Friday and Saturday, 15th and 16thJanuary, 2016, will hold at the permanent site of the University, University Village, 91 Cadastral Zone,NnamdiAzikiwe Expressway, Jabi, Abuja.

Credit: Sunonline

Petroleum Marketers To Get Outstanding Payment Next Week– Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has assured petroleum marketers that outstanding payment for products imported would be made next week.

Dr. Kachikwu spoke after a tour of service stations and depots in Lagos on Tuesday.

He was accompanied by the Managing Director of Pipelines and Product Marketing Company and Department of Petroleum Resources (DPR) officials.

The Minister said there was enough petrol to dispense and wondered why cases of scarcity persisted.

Dr. Kachikwu, however, admitted that there was a shortfall in supply, as a lot of marketers were not bringing in products because they were owed subsidy money.

Credit: ChannelsTV

Buhari Inaugurates Ministers Next Week

Save for any change in programme , President Mu­hammadu Buhari will, next week, inaugurate and assign portfolios to ministers con­firmed by the Senate today.

The number of minis­ters that will be inaugurat­ed will, however, depend on the outcome of today’s confirmation of the sec­ond batch of the ministe­rial nominees, 16 in number, whose screening ended yes­terday. Senate confirmed 21 ministries last week.

If the 16 nominees scale the confirmation hurdle to­day, the total number of min­isters that would be sworn in next week will be 37.

Credit: Sunonline

Marketers Assure Availability Of Fuel Next Week

Marketers of petroleum products in the country have said the current supply challenge may not end this week.

The marketers also confirmed that loading of petrol had resumed across board with members of the Major Oil Marketers Association of Nigeria and Depot and Petroleum Products Marketers Association driving the exercise.

A marketer said that the Pipelines and Product Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, had pumped in additional product into the system.

But he noted that major marketers had yet to start the importation of petrol. Some of the marketers had resorted to doing overnight loading of the product to further ease the supply.

Read More: Punch

Labour Threatens To Paralyze Public Service From Next Week

The Association of Senior Civil Servants of Nigeria, ASCSN, has threatened to pull out thousands of its members on an indefinite strike from next week, if the management of the National Identity Management Commission, NIMC, goes ahead with the plan to issue sack letters to over 1,000 employees of the commission.

The association, in a statement issued yesterday by its secretary-general, Comrade Alade Bashir Lawal, said it regretted that the federal government had continued to condone and encourage the lawlessness of the NIMC management even after reports were submitted to it on the happenings in the organization, expressing dismay that the NIMC director-general, Barrister Chris Onyemenam, had continued to flout court processes in respect of his unpopular decision to sack more than 1,000 senior employees for no just cause.

“The directive by the Federal Ministry of Labour and Productivity that parties should maintain status quo pending the determination of the trade dispute on the matter and that of the Head of Civil Service of the Federation that he must subject himself to court process at the Federal Court of Appeal, Abuja, by staying action on the planned sack have been treated with contempt.

Read More: dailypost

Reps To Consider Petroleum Industry Bill Next Week

Deputy Speaker House of Representatives, Emeka Ihedioha, says the House will commence consideration of the Petroleum Industry Bill (PIB) next week.

Ihedioha, who presided over the plenary on Tuesday in Abuja, disclosed this to the lawmakers. He said that copies of the report from the ad hoc committee on PIB were circulated to lawmakers for perusal.

It will be recalled that the Chairman of the Ad hoc Committee on PIB, Rep. Ishaku Bawa, (PDP-Taraba) submitted the report of the committee’s assignment to the House in March 2015.

The committee had scrutinised 363 sections and annexure of the original bill and made some amendments and recommendations.

The public hearings conducted by the 23-member ad hoc committee in all the geo-political zones provided opportunities for stakeholders to make their contributions to the bill.

The bill, which covered salient areas, is to ensure the establishment of the Petroleum Equalisation Fund and incorporation of National Gas Company.

Others are the establishment of Petroleum Directorate and National Asset Management Company as well as imposition of new tax regime such as Nigeria Carbon Tax.

The committee in its report recommended the removal of Section 191 of the bill, which gave the president discretionary powers to grant petroleum licenses.

However, the amendment recommended is proposing bidding process for the award of licenses.

Other amended areas include Section 174 which recommended that 30 per cent of Nigerian National Petroleum Corporation (NNPC) shares be sold through public offers at the Nigerian Stock Exchange (NSE).

It further amended Section 185, which proposed that 49 per cent of Nigerian Gas Company shares be sold through public offers at the stock exchange.

Under Section 116, the Petroleum Host Community Fund was created to benefit host communities of oil facilities and installations.

The committee retained environmental remediation funds under Section 203, which obligates petroleum investors to pay adequate compensation for the remediation of environmental damages.

Three conventional licensing systems, namely petroleum exploration license, petroleum prospecting license and petroleum mining leases were retained in sections 225 and 229.

The House of Representatives in November 15, 2012 constituted the ad hoc committee on PIB with the mandate to look into the bill and make recommendations toward passing the bill.

The bill will provide legal, fiscal and regulatory framework for the development of the country’s oil and gas industry.

Credit: NAN