December 2, 2019

Kidnaped Abuja Monarch Released After ₦6.5 Million Ransom

December 2, 2019 6:35 am

The traditional ruler of Rubochi in Kuje Area Council of the Federal Capital Territory(FCT), Mohammed Ibrahim Pada, who was kidnaped last Wednesday has been released.

The monarch was said to have regained his freedom after his relative paid ₦6.5 million to the kidnappers.

It was gathered that the traditional ruler was released unhurt around 12 o’clock in the afternoon on Saturday after spending four days with his abductors.

Our corresspondent gathered that the kidnapers who initially demanded N30,million from the relatives of the traditional ruler later reduced the amount to N6.5million and released him at a forest in a neighbouring

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Police Arrest Imo Youths Over Alleged Invasion Of Zoo

December 2, 2019 6:34 am

A security joint task force led by the Monitoring team of the Imo State police command has arrested some youths from Nekede community for allegedly invading into the State Zoological Garden and  Wild life park in their locality on Friday with bulldozers to lay claim to a  portion of the zoo.

According to a source, the youths were said to have massively pulled down the fence of the zoo , destroying some animal equipment in the process.

Meanwhile, the state government has advised the community to remain calm and wait for outcome of police investigation.

Special Adviser to governor …

Aisha Buhari’s Rebuke Not For Governors Alone – NGF

December 2, 2019 6:33 am

The Nigerian Governors Forum (NGF),  has said the First Lady Aisha Buhari’s rebuke at the National Mosque during the National Executive Council meeting of the National Supreme Council for Islamic Affairs (NSCIA), was not meant for governors alone but the entire political elite. 

The NGF Head, Media and Public Affairs, Abdulrazaque Bello-Barkindo, in a statement, said in the haste to paint state governors with one brush or the race to hit the front pages in this case, the media destroyed the message that the First Lady was seeking to convey.

According to the NGF secretariat, the governors are doing

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Obaseki

Obaseki Advocates Long-Term Financing For Housing Sector

December 2, 2019 3:53 am

With housing deficit in the country estimated at 17 million, Governor of Edo State, Mr. Godwin Obaseki has advocated a long-term financing model that will give room for single digit interest rate in the housing sector.

This is just as experts in the estate and surveying industry reiterated the need for a robust mortgage system in the country, flexible for every citizen to own a house.

The Governor, stated this at the send fourth and investiture event organised by Knight Frank, Nigeria, for its outgoing and new Senior Partner/Chief Executive Officer (CEO), held over the weekend in Lagos.

Obaseki, …

Is Nigeria Approaching Debt Trap?

December 2, 2019 3:53 am

There are concerns that at the rate at which the federal government is accumulating debt, without commensurate investment in infrastructure, the country may plunge into a debt trap, writes Obinna Chima

Since President Muhammadu Buhari re-presented the 2016-2018 $30 billion External Borrowing Plan of the federal government to the Senate for approval last week, there have been concerns that the country may be heading towards a debt trap.

A debt trap is a situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.

Nigeria, less than two decades …

Melaye Faults Those Congratulating Smart Adeyemi

December 2, 2019 3:52 am

Senator who represented Kogi West at the eighth Senate, Dino Melaye, has berated those celebrating the electoral victory of Mr. Smart Adeyemi in last Saturday’s rerun election.

The Independent National Electoral Commission had declared Adeyemi the Senator-elect for Kogi West, having polled a total of 88,373 votes, compared to Melaye’s 62,133 votes.

Read Also: 2023: Southeast Needs To Work Hard For Presidency –Nwaka

But Melaye had tweeted yesterday: “Congratulating Smart Adeyemi will amount to congratulating an armed robber after successful operation.”

 

THISDAY…

Housing

FG Should Recover, Tax Abandoned Properties, Says Adelakun

December 2, 2019 3:52 am

Yemi Adelakun is the Managing Director and Chief Executive Officer of NISH Affordable Housing Limited. Apart from being the Executive Chairman, Nigeria Integrated Social Housing Co-operative Society Limited and Managing Consultant, Skytech Institute Limited, he is also the President, Housing Finance and Investment Network and Convener of the Nigeria Housing Finance Conference on Affordable Housing.

A Chartered Manager and fellow of Chartered Management Institute,  Adelakun  joined  the civil service in 1983 and retired  as a  Permanent Secretary in the Office of the Head of the Civil Service of the Federation.

“When I retired, because of my experience in the  Federal

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Obasanjo Restates Importance Of Credit–Based Economy

December 2, 2019 3:51 am

Former President of Nigeria, President Olusegun Obasanjo has listed integrity and trust as important elements in managing credit-based economies.

Obasanjo, who stated this at the Annual Induction/Nigeria Credit Industry Award 2019 of the Instititute of Credit Administration (ICA) said that  today, there is strong credit availability in finance world for development-oriented programmes including those in agribusiness, education and the provision of infrastructure.

Read Also: 2023: Southeast Needs To Work Hard For Presidency –Nwaka

“ To be successful player in this space, we must demonstrate trust and ability to manage creditlines judiciously, corruption free so that future generations of Nigerians who …

Farmers

Borders: Why Local Farmers Can’t Meet Nigeria’s Food Needs

December 2, 2019 3:51 am

The closure of Nigeria’s land borders with neighbouring – Benin Republic, Niger and Cameroon – since August 20, this year to check smuggling of rice, poultry products, among other food products, and illegal movement of light arms, was expected to boost local food production to bridge the gap created by the Federal Government policy

But rather than see more food stuff available in the market, the country has been witnessing increasing  scarcity and price spikes on local rice and poultry products which are among the major food items  being smuggled into the country. Local rice farmers and poultry producers blame …

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