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HotPotatoes
HotPotatoes

HotPotatoes (3635)

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bode george

 

Chief Olabode George, has denied collecting N100m from former Minister of Finance (State), Mr Bashir Yuguda. The former Deputy National Chairman of Peoples Democratic Party, PDP, said it was all a lie. He subsequently released a statement in which he said: 

"My attention has been drawn to another mischievous and deliberately fraudulent claim that I collected N100 million from Bashir Yuguda, the former Minister of State for Finance. This is another blatant falsehood, stripped of any iota of truth. This is yet again a depraved continuation of lynch mob journalism orchestrated by an online newspaper."

 

In an effort to set the records straight, he said: "The salient fact is that very early this year, long before the election period, the party set up a Contact and Mobilization Committee for each zone to reconcile the various factions and ensure a firm unity of purpose within the zones before the election. I was elected as the Chairman for the South-West zone.

 

"The committee, which was made up of 18 senior members of the party with a distinguished history of honor and exemplary leadership, met at least 10 times in my office in Lagos. These people traveled all the way from every corner of the South-West, with three members representing each state. All of them are very much alive to testify to my assertions. Sometime in the middle of these deliberations, Yuguda came to me and said the party was reimbursing the 18 elders of the committee for their transportation, accommodation and feeding allowance for the work that was done.

 

"The committee later submitted the report of its deliberations to the party and then wound up. For all these efforts Yuguda gave the committee only $30,000. That was less than N6 million at that time. Yuguda can never claim that he gave the Committee N100 million. That is the figment of the imagination of rascally scribblers purporting to be journalists. Again, facts are sacred."

 

By Chika Jones

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GODWIN EMEFIELE CBN

 

It has been revealed that the Bankers Committee in a bid to help improve agriculture, will lend more to farmers come 2016. The Committee comprises top management of the Central Bank of Nigeria (CBN) and chief executives of banks in the country. CBN Governor, Mr. Godwin Emefiele while addressing journalists at the end of the 7th annual retreat of the Committee in Lagos, said:
 

"Banks generally agreed to increase lending to the agricultural sector, but the committee feels that there is the need to de-risk the agricultural value chain. The bankers' committee also feels that the monetary and fiscal authorities need to work together in a collaborative manner to achieve the objective of improving local production of specific agricultural products, so that as a result of lending to this sector, we can begin to see a reduction in the demand for foreign exchange that would help to conserve our foreign exchange reserves and strengthen our currency."

 


"Banks feel that there is a need to improve the level of infrastructure in various sectors. For instance, build more Fadama roads, build more silos and warehouses to receive final produce, so that products don't get destroyed at the farm. We should have Fadama roads which makes it easier for goods to be transported from the local communities to areas where they could be sold to increase the wealth of those in our local communities. Banks therefore set a target to boost agricultural lending not only to the small and medium enterprises, but also to large scale farming and companies to up to N300 billion in 2016."


Other people present at the retreat include: the Lagos State Governor, Mr. Akinwunmi Ambode; Ministers of Agriculture, Chief Audu Ogbeh; Power, Works and Housing, Mr. Babatunde Raji Fashola; Transportation, Mr. Rotimi Amaechi; Solid Minerals, Mr. Kayode Fayemi; Finance, Kemi Adeosun, as well as practitioners in Agriculture, Power and Small business sectors.

 

By Chika Jones

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petrol station

 

The average pump price of petrol in Nigeria is now at an all time high. It has now risen to N115 per litre for the first time in years. This was revealed in the monthly PMS Price Watch of the National Bureau of Statistics, NBS, released yesterday.
 

 

Below is a summary of the report:
In a State-by-State report, average pump prices was highest in Akwa Ibom State which recorded N187.5 per litre followed by Abia at N146.6, Cross River at N140.4 and Rivers at N139.6 per liter. The lowest average pump price was recorded in Bauchi State at N91.3 per litre followed by Katsina and Ogun States at N91.5 each.

 

On the country-wide trend, the current report shows that the average pump price at N115.35 has risen by 23.4 per cent month-on-month, the highest rate so far this year, compared to 13.66 per cent recorded during the petrol scarcity of the last days of Ex-President Goodluck Jonathan's regime.

 

By Chika Jones

 

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NNPC Ibe Kachikwu

 

The Nigerian National Petroleum Corporation (NNPC) has revealed its plans to privatise crude-oil pipelines to enable the corporation to fund its Joint Venture partnerships between International Oil Companies (IOCs) in Nigeria.

 

Ibe Kachikwu, the Minister of State for Petroleum resources and group Managing Director of NNPC, said that, "The new model will see refineries buying their own crude, refine it and make remittance to the Federal Government Account Allocation Committee (FAAC). They would operate in a semi autonomy system that will enable them to make profit". 

 

He added that he will engage the IOCs to stand up and get counted in the area of best environmental practices in 2016. According to him this move will reduce pipeline vandalism and increase efficiency in the supply of petroleum products.

 

By Kindness Okoli

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military

 

Members of the Islamic Movement of Nigeria, known as Shiite have said that the military took the lives of over 500 of its members. They have, however, called on the international community and human rights groups to probe the killings as it blames the Army authorities for the loss of lives in Zaria, Kaduna State, North-West Nigeria. 

 

According to Ibrahim Musa, the President of the Media Forum of the Islamic Movement in Nigeria, houses of their leader, which is located in Gyellesu area in Zaria were destroyed by the soldiers. 

 

Describing the killings as unjustifiable, Musa said the soldiers had cordoned off the area and were laying siege within their leader, Zakzaky's premises.  On Sunday morning, the second in command to the group's leader, Sheik Muhammad Turi and the group's spokesman, Ibrahim Usman, were shot dead. Due to the incident, most residents have remained indoors for fear of further violence.

 

By Kindness Okoli

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syrian map

 

Scores of civilians had been reportedly killed in a Sunday raid by the Syrian Government and Russian forces in the Damascus suburbs of Syria. The raids which begun around 8:30am local time (06:30 GMT).

 

A witness of the attack, who's also an officer of the Douma branch of the Syrian Civil Defence department, said: "At least 41 civilians, including nine children, were killed in the attacks on Douma alone, another 250 have been injured. A school named al-Hosn al-Basri was targeted."

 

"The principal of the school along with four students was killed in the attack. Injured students have been taken to the nearest medical points. In the past three months, these areas have been constantly targeted by rocket attacks and air strikes, not one of those killed was a fighter - all of those killed were civilians. People are paying the price for this armed conflict every day."

 

By Temitope Bamidele

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French far right

 

Despite leading in six of the thirteen regions in the first round of voting, the preliminary results had shown that France's far-right National Front (FN) has failed to secure any victory in any region in the second round of municipal elections. Meanwhile, Nicolas Sarkozy's centre-right Republicans are set to win many of the seats over the ruling Socialists.

 

Accepting defeat, the FN leader Marine Le Pen, vowed to fight as she blamed the results on the mainstream parties which coalesce forces to keep the FN from power.

 

Speaking to her supporters, she said they had been "disenfranchised in the most indecent of ways by a campaign of lies and disinformation".

 

By Temitope Bamidele

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Jacob Zuma

 

South African President Jacob Zuma, on Sunday, sacked and replaced the country's newly appointed Finance Minister, David van Rooyen, with Pravin Gordhan. Meanwhile, the President had earlier on Wednesday, appointed Nhlanhla Nene as the nation's Finance Minister, which resulted to a depreciation in the Rand.

 

However, Mr. Gordhan's appointment had led to an appreciation in the Rand to about 5%. This is basically because Gordhan who had served as SA Finance Minister from 2009-2014 was well respected during his tenure.

 

By Temitope Bamidele 

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russia fires warship

 

After a Russian warship and a Turkish boat threatened to collide on Sunday, at 22 kilometers (13 miles) north of the Greek island of Limnos in the Aegean Sea, the Russian warship fired warning shots to the Turkish boat.

 

Commenting on the situation, the Turkish Foreign Minister, Mevlut Cavusoglu, who did not share more light on the incident claimed more information was needed from the crew aboard the Turkish fishing boat before he could respond properly to the situation.

 

He added that: "We are not on the side of escalating tension, we are on the side of de-escalating tense situations through dialogue."

 

By Temitope Bamidele

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pu zhiqiang

 

Pu Zhiqiang, one of China's famous human rights lawyers, who was detained a year-and-a-half ago, has been arraigned in a trial over his online comments which were critical of the ruling Communist Party.

 

Pu Zhiqiang's charges bordered on "inciting ethnic hatred" and "picking quarrels and provoking trouble", on which he might bag a maximum of eight years in jail if found guilty.

 

By Temitope Bamidele

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