February 2020

Son

France Slams €30m Fine On E/Guinean President’s Son

February 10, 2020 11:51 pm

The playboy son of Equatorial Guinea’s leader was handed a 30-million-euro fine by a Paris court Monday on top of a suspended jail term and the confiscation of his assets for embezzling public funds.

Teodorin Obiang, the son of Equatorial Guinea’s leader Teodoro Obiang Nguema, was found guilty in 2017 of having plundered his country’s state coffers to fund a jet-set lifestyle in Europe.

At the time, he was handed a three-year jail term as well as the 30-million-euro ($32.9 million) fine — both suspended.

Obiang, who is also vice president, challenged that penalty only to have the Paris appeals …

NTA Loan: Reno Omokri Blasts Buhari

February 10, 2020 3:09 pm

Reno Omokri, the former aide to ex-President Goodluck Jonathan has lambasted President Muhammadu Buhari over his administration’s plan to borrow $500m to digitize the Nigeria Television Authority (NTA).

The Minister of Information and Culture, Lai Mohammed during a Senate hearing on Monday, had said if the request is granted it will make the media house compete with the likes of CNN.

Reacting to this new development, Reno expressed that the loan is dubious. He went further to express that NTA is not worth the amount to be borrowed.

Read Also: Gay Jesus: Reno Omokri Kicks Against Netflix Movie

He tweeted;…

A human rights activist and Senior Advocate of Nigeria (SAN), Mr.  Femi Falana

Nigerian Hospitals Now Mortuaries, Says Falana

February 10, 2020 2:57 pm

A human rights activist and Senior Advocate of Nigeria (SAN), Mr.  Femi Falana, yesterday called on Nigerians to demand improved health care from the administration of President Muhammadu Buhari.

Falana has also commended the Governor of Borno State, Prof. Babagana Umar Zulum, for rewarding the hard work and dedication to duty of Mrs. Obiageli Mazi with cash benefit and promotion from class teacher to assistant headmistress without bordering about her state of origin or religion.

Falana said it was unfair that Buhari “always travels abroad for medical care while the generality of Nigerians have no other choice but to go …

Oyo

Oyo APC Lacks Knowledge Of Good Governance – PDP

February 10, 2020 2:55 pm

Peoples Democratic Party (PDP) in Oyo State has asked the All Progressives Congress (APC) to stop celebrating the maladministration represented by the immediate past government of Abiola Ajimobi.

The party, in a statement yesterday, by its Publicity Secretary, Akeem Olatunji, said APC is a party of individuals with little or no knowledge of what good governance entails, noting that in the last eight months, every right-thinking resident of Oyo State has been full of praises for the well-thought-out policies and programmes of Governor Seyi Makinde’s administration.

Read Also: Why We Are Building More Appeal Courts – Bulkachuwa

According to the …

APC Leader Urges Kaduna Politicians To Shun Blackmail

February 10, 2020 2:54 pm

A chieftain of All Progressive Congress (APC) in Kaduna State, Yusuf Ali, has appealed to politicians in the state to shun politics of blackmail with the intent to tarnishing the image of their opponents.

Ali, made the remarks in a statement issued at the weekend.

He said a situation whereby politicians in the state take delight in setting up their opponents in order to destroy their image is appalling and despicable.

Read Also: Why We Are Building More Appeal Courts – Bulkachuwa

“Politics is supposed to be a clean game even though we say everything is fair in politics as …

Vice-President Yemi Osinbajo

Osibanjo: Nigeria’s VAT Rate Lowest In Africa

February 10, 2020 2:54 pm

Vice-President Yemi Osinbajo has said that Nigeria’s current Value Added Tax (VAT) rate is the lowest in Africa.

The vice-president stated this in Lafia, the Nasarawa State capital, Monday at the National Micro, Small and Medium Enterprises Clinics for Viable Enterprises.

According to Osinbajo, “Many people have said this is a higher tax rate for consumers and has complications on those who are trading as well. You must remember that this is the lowest VAT rate in the whole of Africa.

“Why it is true is that Ghana has reduced its VAT rate from 15 per cent to 12.5 per …

Forex

CBN Injects $218.41m, CNY 18m Into Forex Market

February 10, 2020 2:51 pm

In line with its intervention in the interbank foreign exchange (forex) market, the Central Bank of Nigeria (CBN) at the weekend, injected the sum of $218.41million into the retail Secondary Market Intervention Sales (SMIS) and CNY 18million in the spot and short-tenored forwards segment of the inter-bank forex market.

 

The bank’s Director, Corporate Communications Department, Isaac Okorafor disclosed that the intervention, like in previous exercises, was for requests in the agricultural and raw materials sectors, adding that the Chinese Yuan, on the other hand, was for Renminbi-denominated Letters of Credit.

 

Okorafor, in a statement, further expressed satisfaction over …

Isuzu

Isuzu Begins Export Programme For Sub-Saharan Africa

February 10, 2020 2:50 pm

Isuzu Motors South Africa in Port Elizabeth has started supplying knocked down (KD) Isuzu D-MAX pick-up kits for assembly purposes to its Isuzu manufacturing facility in Kenya. 

This represents the first intra-continental regional trade exchange of its kind for Isuzu on the continent and is aligned to its strategy for its South African vehicle assembly plant to serve as a hub for growing its overall volumes in Sub-Saharan Africa.

Isuzu Motors Limited, majority shareholder of Isuzu East Africa, regards the opportunities in Africa, based on infrastructural investment, to be significant. The East African operation previously focussed only on truck and …

Okada

‘Lagos Not Distributing Free Mini Buses To Okada Riders’

February 10, 2020 2:49 pm

“I urge the {Lagos} residents to disregard this trending report on social media platforms that secret plans are underway to provide all registered okada riders that have LASRRA and NURTW identification cards with new mini buses as a way to curb the menace of unemployment. It is a lie. It is unconfirmed and a deceitful attempt to mislead innocent members of the public’’ 

With this official statement, the Lagos State Government on Friday refuted the fake news trending on social media that it was planning to distribute free mini buses to commercial motorcycle {okada} riders to ameliorate their suffering.

Describing …

Mitsubishi L200

Mitsubishi L200 Is Nigeria’s ‘New Pick-Up Of The Year’

February 10, 2020 2:49 pm

Less than one year after the latest model of the Mitsubishi L200 was unveiled by Massilia Motors at an impressive event at the Landmark beach in Oniru, Lagos, the vehicle has been named the Pick-up of the Year by the motoring press in the country.

Nominated alongside popular competitors in its segment, the Mitsubishi L200 was adjudged the winner by the Nigeria Auto Journalists Association (NAJA) at its annual awards held at Eko Hotel, Victoria Island, Lagos, recently.

Managing Director of Massilia Motors/Country delegate of CFAO Group in Nigeria, Mr. Thomas Pelletier, stated that his company is elated by the …

Nnamdi Kanu

Nnamdi Kanu Dares Nigerian Police Over Burial

February 10, 2020 11:36 am

The leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, has dared the Nigerian Police, to shoot guests at the funeral of his parents on Friday.

Nnamdi Kanu stated this during a broadcast on Radio Biafra last weekend.

The IPOB leader also hinted that he would not return to Nigeria for the funeral and would be monitoring events from abroad.

Nnamdi Kanu was reacting to a statement from the police, in which they vowed to disrupt the burial ceremony, if IPOB members attend the event.

“Instead of them to be remorseful for causing the death of my father

…
MASSOB

Burial: Abia CP Creating Unnecessary Tension – MASSOB

February 10, 2020 11:34 am

The leadership of the Movement for the Actualization of the Sovereign State of Biafra (MASSOB) has warned the Commissioner of Police, Abia State, CP Ene Okon to stop creating needless tension in Abia State.

They accused the Police Chief of making unguarded and insensitive statements on the burial of the late traditional ruler of Afaraukwu, and father of Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB, HRH Eze Israel Kanu and his wife, Ugoeze Sally Kanu.

He said the warning issued by the police against the presence of IPOB members during the burial was uncalled for

…

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