October 17, 2019

Concerns Mount Over Rising Foreign Funding For Boko Haram

Concerns Mount Over Rising Foreign Funding For Boko Haram

October 17, 2019 4:33 am
  • Obasanjo, military chiefs warn of prolonged war against insurgency
  • Buhari directs service chiefs to promptly settle fallen soldiers’ entitlements

There are growing concerns that the insurgency war in the North-east is being prolonged by massive external funding from fundamentalist groups and foreign nations,  investigations have revealed.

Former President, Chief Olusegun Obasanjo also added his voice to these concerns Wednesday, saying foreign funding for Boko Haram has risen to 50 percent.

However, in a bid to boost troops’ morale, President Muhammadu Buhari has ordered service chiefs to take urgent steps to settle the entitlements of soldiers affected by insurgency across the …

The World Mustn’t Sleep-Walk Into Another Debt Crisis

The World Mustn’t Sleep-Walk Into Another Debt Crisis

October 17, 2019 4:17 am

Patricia Scotland

Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the 1950s – and history suggests we should take this as a warning that a debt crisis could be looming. Were one to materialise, it could inflict greater dislocation on international financial systems and national economic stability than ever previously witnessed.

This would be particularly tragic in view of the extraordinary global commitment to delivering the Sustainable Development Goals, and as so many nations …

IMF Cautions Nigeria, Others Over Mounting Debt To China

IMF Cautions Nigeria, Others Over Mounting Debt To China

October 17, 2019 4:00 am

The International Monetary Fund (IMF) has cautioned Nigeria and other African countries against their rising level of indebtedness to China, stressing that the non-Paris Club creditors, “create some instability or some vulnerabilities.”

It also said the present global financial conditions due to the trade dispute between the United States and China, the shift towards a more dovish monetary policy stance in most developed countries, among others, present opportunities for Nigeria and other low-income countries.

The Financial Counsellor and Director, Monetary and Capital Market Department, IMF, Tobias Adrian, said this while responding to a question during a media briefing on the …

Police Free 500 Males Chained In Katsina Islamic School

Police Free 500 Males Chained In Katsina Islamic School

October 17, 2019 3:48 am

The police have freed, from an Islamic school in Katsina State, some 500 men and boys, many of whom had been chained to walls, molested and beaten.

The raid on the school was the third of such operation in less than a month, bringing the total number of people freed from abusive conditions within a month alone to about 1,000.

The police announced the rescue of the people just as the apex northern socio-cultural group, Arewa Consultative Forum (ACF), has described as worrisome, the kidnap and conversion to another religion, of children from Kano State, calling on Nigerians to …

Mother, Child Burnt To Death In Onitsha Tanker Explosion

Mother, Child Burnt To Death In Onitsha Tanker Explosion

October 17, 2019 3:24 am

• Ladipo boys scoop fuel after diesel-laden tanker falls into ditch

A mother and her child were burnt to death while more than 40 buildings were razed in a tanker explosion at Upper Iweka area of Onitsha, Anambra State. Over 500 lock-up shops were also gutted by the fire along with the Iweka street market leading to Ochanja and Menax markets.

The explosion was started when a tanker laden with Premium Motor Spirit, otherwise known as petrol, descending from the Zik’s roundabout end of Onitsha-Enugu expressway, lost control at Toronto Hospital and veered off the service lane. The tanker’s …

La Liga Wants El Clasico Moved From Barca’s Nou Camp

La Liga Wants El Clasico Moved From Barca’s Nou Camp

October 17, 2019 3:07 am

La Liga has asked for El Clasico on October 26 to be moved from Barcelona’s Nou Camp stadium to Real Madrid’s Bernabeu over fears of civil unrest.

There have been days of protest in Barcelona after nine Catalan separatist leaders were jailed on Monday. More protests are expected in the city on the day of the match.

La Liga made the request to the Spanish Football Federation (RFEF), citing “exceptional circumstances beyond our control”.

The request has not been made to Barcelona or Real Madrid. BBC Sport has contacted both clubs for comment.

Both clubs will be asked by the

…
Bayelsa: Party Members Disrupt INEC Stakeholders Meeting

Bayelsa: Party Members Disrupt INEC Stakeholders Meeting

October 17, 2019 2:43 am

Two elders loyal to the two contending political parties in the November 16, 2019 gubernatorial election in Bayelsa, almost engaged each other in a fisticuff at a stakeholders meeting organised by the Independent National Electoral Commission (INEC) in Yenagoa.

Consequently, the meeting ended abruptly as Chairman of the Bayelsa Elders Forum (BEF), Francis Doukpolagha, a Peoples Democratic Party (PDP) loyalist and representative of All Progressives Congress (APC) Chairman at the event, Dennis Otitio, engaged each other in a war of words that almost led to a fight.

This was due to disagreement over the issue of the people allegedly …

Dapo Abiodun To Demolish Amosun’s ₦1.2b Model School

Dapo Abiodun To Demolish Amosun’s ₦1.2b Model School

October 17, 2019 2:18 am

Ogun State Governor Dapo Abiodun has disclosed his plan to demolish one of the 26 model schools constructed by the administration of immediate past governor, Ibikunle Amosun, for being “structurally defective”.

The governor insisted that his administration’s decision to demolish the school located in Ilaro area was not to witch-hunt the former governor but to prevent looming disaster.

Governor Abiodun made the disclosure at a town hall meeting with stakeholders from Ogun West Senatorial District. The meeting was organised by the state government for the people of the district to contribute to the 2020 budget.

Reacting to the various demands

…
Danger Looms; Nigeria’s Debt Stock Rises To ₦25.7 trillion

Danger Looms; Nigeria’s Debt Stock Rises To ₦25.7 trillion

October 17, 2019 1:50 am

The nation’s debt profile rose from ₦24.95 trillion to ₦25.7 trillion in the last three months. One year ago, it was ₦22.38 trillion.

The development showed that between April and June, the country’s obligations rose by ₦750 billion, and increased by ₦3.32 trillion when compared with the debt figures as of June 30, 2018.

Government has, so far, paid more than ₦800 billion in servicing the multiple obligations, which cut across domestic and foreign deals in the first half of 2019.

Total domestic debts stood at ₦17.38 trillion, with the Federal Government having more than three-quarters of the stockpile. These …

James Hope College Foundation Acquires American School

James Hope College Foundation Acquires American School

October 17, 2019 1:21 am

James Hope College (JHC), Agbor, Delta State, a coeducational initiative of the Jim Ovia Foundation, yesterday signed a Memorandum of Understanding (MoU) with American International School, Lagos (AISL).

Under the MoU, the foundation has acquired the American School’s Lekki Campus facility to establish James Hope College.

The acquisition will take effect from September next year.

The Chairman, Board of Trustees, James Hope College Foundation, Mr. Jim Ovia who emphasised on the acquisition in Lagos, yesterday noted that the essence is to build and uplift the standard of education in Lagos, and the country at large, adding that the college …

Ruiz, Joshua Rematch - 15,000 Seat Stadium Under Repairs

Ruiz, Joshua Rematch – 15,000 Seat Stadium Under Repairs

October 17, 2019 1:10 am

Construction has begun on the 15,000-seater stadium, which will host Anthony Joshua’s blockbuster rematch against Andy Ruiz Jnr in Saudi Arabia in just less than eight weeks’ time, reports dailymail.co.uk.

The heavyweights will renew their rivalry on December 7 in a Gladiator-style, three-sided temporary venue in Diriyah.

The Diriyah Arena is being built especially to host the high-profile rematch and work has now begun on its construction with little under two months to go until fight night.

Despite only having a short window, there appear to be few concerns about whether or not the stadium will be finished in …

Buhari Appoints New Aides For First Lady Aisha - Suleiman

Buhari Appoints New Aides For First Lady Aisha – Suleiman

October 17, 2019 1:01 am

President Muhammadu Buhari has approved the appointment of new aides for his wife, Aisha Buhari’s office.

Director of Information the office of the First Lady, Suleiman Haruna, said the President approved the appointments of Dr. Mairo Almakura as Special Assistant on African First Ladies Peace Mission (AFLPM); Muhammed Albishir (Special Assistant on Organisation of African First Ladies for Development (OAFLAD) and Wole Aboderin (Special Assistant on Non-Governmental Organisations.

Others are, Aliyu Abdullahi (Special Assistant on Media and Publicity; Zainab Kazeem (Special Assistant on Domestic and Social Events) and Funke Adesiyan (Personal Assistant on Domestic and Social Events). The appointments …

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