February 5, 2020

IPOB Dares Army, Says Kanu’s Parents’ Burial Unstoppable

February 5, 2020 10:03 am

Igbo separatist group the Indigenous People of Biafra (IPOB) has boasted that the Nigeria Army cannot be a hindrance to the burial ceremony of the parents of their leader, Nnamdi Kanu, already slated for February, 14.

According to a press release issued by the publicity secretary of IPOB, Emma Powerful, and made available to our correspondent in Owerri, the Igbo separatists accused the army of abandoning its main objectives of fighting in war fronts to harassing and intimidating indigenes of Kanu’s community.

Powerful stated: “We continue to draw the attention of the civilised world to the incessant harassment, humiliation, intimidation …

A Hard Shift From Easy Money: CBN And OMO Restriction

February 5, 2020 6:22 am

The ripple effect of the Central Bank of Nigeria’s (CBN) decision to completely prohibit individuals and local firms from investing in both its primary and secondary Open Market Operations (OMO) auctions has continued to reverberate in the financial market.

The policy, coupled with the banking sector regulator’s decision to review downward, bank charges, which became effective at the beginning of the year, are all targeted at shifting both banks and fixed income investors away from easy money.

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Presently, treasury bills rates have dropped to single-digit, from about 13 per cent …

Google Says Glitch Sent People’s Videos To Strangers

February 5, 2020 6:21 am

Google on Tuesday said that a software glitch resulted in some Photo app smartphone videos being given to the wrong people.

Google was notifying those who may have been affected.

“We are very sorry this happened,” Google said in reply to an AFP inquiry.

“We fixed the underlying issue and have conducted an in-depth analysis to help prevent this from ever happening again.”

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It was estimated that a small fraction of a percent of those who used a “Takeout” tool may have encountered the glitch, which affected people who used the

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NAPTIP Apprehends Lebanese Human Trafficker

February 5, 2020 6:13 am

The Lagos Command of National Agency for the Prohibition of Trafficking in Persons (NAPTIP) Command, has apprehended a Lebanese for recruiting Nigerian women for labour and sexual exploitation in his home country.

NAPTIP Lagos Commander, Mr. Daniel Atokolo, said the survivor (names withheld) was trafficked by the 54-year-old Lebanese in October 2019, to his home country.

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He said the victim was rescued after the agency got a complaint from the trafficked woman’s husband.

According to Atokolo, “trouble started for the victim when her friend introduced her to the Lebanese who is …

Kidnapped Corps Member Opts To Work For Boko Haram

February 5, 2020 6:12 am

A corps member abducted by the Boko Haram, Mr. Abraham Amuda has said he is ready to live under the Boko Haram caliphate and continue his humanitarian work.

Amuda, who was a Batch B National Youth Service Corps(NYSC) member undertaking his primary assignment with Borno Council for Arts and Culture, was abducted in 2019 along Maiduguri-Gwoza road while travelling to Chibok to deliver relief materials with a Living Faith Church Pastor, Moses Oyeleke, who was also abducted but subsequently released.

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They were believed to have been abducted by the Ibrahim Shekau’s …

Confronting Growing Challenge Of Fraud

February 5, 2020 6:11 am

As the business world gets more complex, fraudsters are becoming even more sophisticated in their approach to crime. At present, growing desperation among fraudsters has made many corporations admit that the possibility of having fraud related problem is ever present.

Indeed, there are examples of companies in the most secure and developed countries that have been victims of impersonation related fraud.

In the 2018 edition of Price Waterhouse Coopers’ Global Economic Crime and Fraud Survey, 49 per cent of organisations surveyed admitted to being victims of fraud and economic crime at some point.

In August 20019, Toyota …

Why We’re Borrowing $17bn From China – FG

February 5, 2020 6:10 am

The Federal Government, yesterday, said it opted to approach the China-Exim Bank for a $17 billion loan request when other lending institutions like the World Bank and the African Development Bank were unwilling to assist.

Minister of Finance, Zainab Ahmed, stated this when she appeared before the Senate Committee on Local and Foreign Debt. She appeared to defend Federal Govern $29.96 billion loan in order to fund critical infrastructure across the country.

She explained that the 8th National Assembly had approved about $6 billion for the Federal Government out of the $29.96 billion loan leaving a balance of $22.8 …

US May Lift Visa Ban In One Month – Geoffrey Onyeama

February 5, 2020 6:09 am

Minister of Foreign Affairs, Geoffrey Onyeama, yesterday, expressed optimism that the United States might lift the visa ban on Nigeria in a month’s time.

Geoffrey Onyeama stated this on the sidelines of the fifth Nigeria-United States Bi-National Commission (BNC) in Washington D.C., United States. He said the U.S. was apprehensive over the variations of Nigerian data system and third party involvement in the management of the passport system, particularly information and data on lost and stolen passports.

According to him, after deliberations on the visa ban, the U.S. government had assured Nigeria that it was possible to lift the …

Flooding: 2020’ll Be Disastrous, NIHSA Warns

February 5, 2020 6:08 am

Ahead of the raining season, the Nigeria Hydrological Service Agency (NIHSA) has predicted more intense flooding.

Director General of the agency, Mr Clement Nze, who made the disclosure when he briefed newsmen on the 2020 flooding season in Abuja, yesterday, admonished Nigerians to make adequate preparation to avoid loss of lives and property.

Last years, flash floods hit at least 124 local government areas across the 36 states and Federal Capital Territory – Abuja (FCT) and affected 210,117 people with 171 casualties and 130,610 people reportedly displaced.

He called on all state governments, stakeholders, multi-national companies and the general …

Obasanjo’s Mistake Of Including Imo, Abia In Niger Delta

February 5, 2020 6:07 am

The Director, Institute for Niger Delta Studies (INDS) of the Niger Delta University, Prof. Ambily Etekpe, has said former President of Nigeria, Chief Olusegun Obasanjo, made grave mistake when he included Imo, Abia and Ondo States as member states when he created the Niger Delta Development Commission (NDDC).

Prof. Etekpe explained further that it is an unarguable fact that Imo, Abia and Ondo States are crude oil producing states but that they do not fall into the geographic region referred to as Niger Delta, and therefore, should not be benefiting from funds specifically earmarked for the development of the region.

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2020 Budget: Senate Okays ₦238.15bn For Customs

February 5, 2020 6:06 am

The Senate, on Tuesday, okayed the sum of ₦238,149,325,832.70 for the Nigeria Customs Service (NCS) for 2020 fiscal budget.

This approval was sequel to an adoption of the presentation by the committee on Customs, Excise and Tariff and subsequent consideration at plenary.

DAILY POST also learnt that Senate President, Ahmad Lawan has warned MDAs to submit their audited accounts or risk punitive measures.

Senator Francis Alimikhena, who is chairman of the committee, said out of the total expenditure for the year 2020, N98.61 billion representing 41.41 percent is for Personnel cost; N15.95 billion representing 6.70 percent is for Overhead Cost;

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