Thursday, 24 November 2016

Senate: Buhari Has No Plan To End Recession

Senate said, yesterday, that President Muhammadu Buhari’s administration has no no economic blueprint to pull Nigeria out of recession.

The country’s upper legislative chamber gave the verdict during reconsideration of Buhari’s Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), yesterday.

The lawmakers also added that the president’s economic team is in disarray.

The legislators described the MTEF/FSP as shallow and empty and warned that if the documents are passed, as presented, they would have created room for the executive to present a faulty 2017 national budget.

Last month, Senate returned the MTEF/FSP to Buhari and in an October 19 letter, signed by Senate Leader, Ali Ndume, the chamber said it expected Minister of Budget and National Planning, Senator Udoma Udo Udoma to brief its leadership on some key issues contained in the documents.

Udoma did not turn up for the proposed meeting. The two documents, alongside the rejected borrowing plan, were returned to president Buhari.

Speaking on the new documents yesterday, Chairman of the Commitee on Defence, Senator Ahmad Lawan noted that “the benchmark is realistic. But, I have my reservation about the production level.

“We need to bring in more efforts to reconcile the government and people of the Niger Delta.

“This, in my opinion, will be the only way through which the government can achieve the 2.2 barrels per day.

Senator Dino Melaye, who was more critical, urged his colleagues to reject the proposals.

He said the documents were riddled with falsehood and that there was no significant difference between what was passed last year and what was presented to the National Assembly this year.

Senator Gbenga Ashafa said the documents were unrealistic.

He said: “We either accept or make necessary amendments to what has been presented.

“We can criticise, but we need to work with what we have. We have looked at the unrealistic projections made. One critical issue I want to raise is the estimated projected earnings of the government. It has significant shortfall.”

Senator Emmanuel Paulker aligned himself with Lawan and Melaye.

He said: “Looking at some of the parameters, it is glaring that you cannot comprehend the truth behind these assumptions.

“The Central Bank of Nigeria (CBN) governor said unemployment is high.

“The current inflation rate is 18.3 per cent, but, this document is misleading us by saying that the inflation rate is 4.6 per cent.

“I will not suggest that this document be returned, but, we must admit it was poorly prepared.”

Senator Sani Yerima opposed his colleagues and insisted that the documents were not empty.

“He said those uncomfortable with them should make their inputs.

“To say that this document is empty means that those saying it have not read it.

“What we need to do is to look at what is projected. These things were not done from the blues.

“You cannot just sit here and say that this document is empty.

“As an economist, I suggest that we pass this MTEF/FSP. Whoever has any issues can then make inputs.”

At the end of the heated debate, the two documents were approved and referred to the Committees of Appropriation, Finance and National Planning.

Meanwhile, Senate Minority Leader Godswill Akpabio said president Buhari will submit estimates of the 2017 budget to a joint session of the National Assembly.

Lagos Is The Best Security Conscious State In Africa - Security Watch Africa

The Lagos State Government has bagged an award as the best security and most safety conscious State in Africa.

At the award ceremony held in Johannesburg, South Africa and put together by the Security Watch Africa (SWA), the Rapid Response Squad (RRS) of Lagos State Police Command also emerged as the best anti-crime police squad in West Africa, while the RRS Commander, ACP Olatunji Disu took home the award of the most outstanding police operational officer in West Africa.

The awards were presented to officials of the State Government at the 2016 lecture series of SWA organized in partnership with Security Institute for Governance and Leadership in Africa (SIGLA) and the University of Stellenbosch, South Africa.

The lecture, which had the theme: "Tackling Security Challenges In Africa's Land and Maritime Domains," was well attended by security experts and officials from across Africa.

Lagos State and its officials, according to organizers of the awards, were honoured in recognition of the outstanding efforts and achievements in securing residents, especially the massive improvement on security architecture of the State.

While receiving the award for the State on behalf of Governor Akinwunmi Ambode, Secretary to the State Government, Mr. Tunji Bello, thanked the organizers for recognizing Lagos State, saying that it was gratifying to note that the efforts of government on security were appreciated.

He said ever since emerging as Governor of Lagos State, Mr Ambode has made safety and security one of the focal objectives of his administration as he believes that there cannot be any development in the absence of security.

"I want to assure this gathering that Governor Ambode is very much committed to the security of lives and property of the people of the State and he is not tired of daily improving on the security situation in the State. The Governor believes that businesses cannot thrive in an environment devoid of safety and security, hence the massive efforts and initiatives geared toward security," Bello said.

On his part, RRS Commander, who took time to lecture the gathering on the duties of the RRS, said being a unit of the Lagos State Police Command, the Squad is responsible for robberies and emergencies like collapsed building and other related situations.

He said the RRS is usually the first responders in emergency situation, adding that the Unit was also blessed with highly dedicated officials who carry out 24-hour job on a daily basis.

Speaking on the awards to RRS and to him, Disu said: "We like to appreciate the awards given to us and this will surely go a long way in motivating our men back home to know that everything they do is appreciated because the belief of an average police man in Nigeria is that police job is a thankless job and nobody appreciates what they do, but the awards will also spur us to better serve the people," the RRS Commander said.




SIGNED

HABIB ARUNA

CHIEF PRESS SECRETARY

NOVEMBER 24, 2016


FFK: Jimoh Ibrahim A Ritualist, Sleeps In Coffin, Anus Overstretched From Sodomy



Tell Jimoh the pig that unlike him I do not have a covenant with the devil, I am not a ritualist and I do not sleep in coffins for money.

Pl tell Jimoh Ibrahim that his over stretched anus from his sodomy activities needs to be stiched up and his schizophenia must be trreated.


I was glad to have grounded and banned Jimoh the pigs shitty airline EAS in 2006 when I was Min. of Aviation.His planes were flying coffins.

Tell Jimoh Ibrahim that I do not owe banks money, I do not buy companies and destroy them, I do not owe my workers salary and I do not brag.

Pl tell Jimoh that my father was not a bricklayer, my mother was not a fish seller,I do not owe banks and salaries and I never marrird a dog.

Thankfully OBJ has now seen the light and joined the fray. His counsel to the Buhari administration is timely. He has shown immense courage.

Whether Jimoh the pig likes it or not he will NOT be our candidate on saturday and Eyiyayo Jegede will proudly carry our flag. We shall win!

Pl tell Jimoh Ibrahim that unlike him I am not a fraudster,I am not a political spoiler,I am not an agent of destruction and I am not a spy

The implication of Seun Egbegbe's embarrassing theft and arrest on Toyin career

Over the past five years, we’ve watched Toyin Aimakhu rise to the peak of her career in the Yoruba movie scene that presently boasts some of the biggest stars in Nollywood. BUT, the last 365 days have not been inspiring.

First was the time she left her matrimonial home of two years, then she fell in love with the wrong man, Seun Egbegbe, and now, she’s in the news for the wrong reasons.


Toyin Aimakhu was on Monday July 8 2013 joined with her fiancé, Tinsel actor, Adeniji Johnson at the Ikoyi Marriage Registry, Ikoyi, Lagos.
Toyin separated from her ex-hubby, Adeniyi Johnson over allegations of infidelity a few months to their second wedding anniversary in 2015.

Then, Adeniyi took to Instagram to confess that his wife truly caught him flirting and he urged fans and friends to support him in begging his wife to forgive and forget so they can carry on with their marriage.
‘God will lead me, let him lead us please, I don’t want to make any mistake trying to please you fans I really do appreciate the Love and I’m sure he does too,’ was what the actress said in response to the apology.


Less than three months after their marriage failed, the Yoruba actress’ romance with film-maker and marketer Seun Egbegbe was exposed, and since then, her persona has suffered a hit.

They both went on a secret romantic trip to Dubai in September 2015 under the guise of a working relationship, and he also gifted the actress a grey Range Rover SUV.
In November 2015, Seun was alleged to have stormed a movie location and requested to get his car back, and it was taken to him with the actress’ permission. At the time, it was reported that the jealous film-maker beat her up at home, but she denied the accusations.

‘I have said it times without number that I’m not dating Seun and I have never been beaten to a pulp by any man. Seun is my friend. You can only marry someone you are dating. And I don’t think I have time for any relationship now,’ she said in an interview. At the time it was also rumoured that the pair may walk down the aisle.

And in February 2016, Egbegbe was alleged to have kidnapped the Alakada actress after she made several emotional pleas on social media to a comedian, Twyse, not to commit suicide.
Her relationship with Seun turned sour after her friends confirmed that the movie producer indeed kidnapped her following a fight at a movie location. Seun had to sign an undertaking with the Nigerian police not to disturb Toyin Aimakhu any more after the actress reported his threats to ruin her career.

Toyin, who reportedly went to the station in company of her lawyer, Bosun Osifowora, stated that Seun Egbegbe’s threats affected her business as colleagues and producers were afraid of inviting her for movie shoots because they were aware of his violent nature.
Her relationship with Seun turned sour after her friends confirmed that the movie producer indeed kidnapped her following a fight at a movie location.

Fast forward to March 2016, Toyin announced her TV Reality Show, Keeping Up With Toyin Aimakhu. In one of the debut episodes, she talked about why she will never go back to her estranged hubby, Adeniyi Johnson. At the time her fans were more concerned about her kidnapping and the split from Seun.

On Tuesday, November 22, Seun Egbegbe was arrested for trying to steal nine iPhones at Computer Village in Ikeja, Lagos. He tried to escape in a jeep but passers-by were quick to nab him.
We still believe Seun might have been hypnotised to steal the iPhones because it makes no sense for someone who’s acquired some wealth to steal what he can easily afford. Credit: IG
‘Yes o, na police help am, dem for kill am, he came to the guy store and collected the phones, then told the sales girl that he is coming back,’ an eyewitness said when journalists visited the robbery scene.

Well, we still believe Seun might have been hypnotised to steal the iPhones because it makes no sense for someone who’s acquired some wealth to steal what he can easily afford.
As expected, Toyin Aimakhu’s name was mentioned during the theft conversations in offices, homes and also on the Internet, after all, she previously dated the film-maker.

This is a bad reputation for Toyin Aimakhu who brought Seun Egbegbe to limelight with her fame, and the implications are now hurting her career.


Seun Egbegbe Arraigned In Court For Stealing Iphones

Yoruba film-maker Seun Egbegbe was arraigned on Wednesday before an Ikeja Magistrates’ Court for stealing.

Egbegbe is standing trial for allegedly stealing nine iPhones.

Egbegbe was mobbed on Tuesday for allegedly stealing iPhones, after which he was taken to the Area F Command in Ikeja.

It was learnt that the state Commissioner of Police, Fatai Owoseni, had visited the Area F Command, where Egbegbe was being detained, and was briefed on the investigation.



Egbegbe’s problem started at the Computer Village, Ikeja, after he was accused of stealing the iPhones from a shop.

After buying the phones, he reportedly told a sales boy in the shop that he wanted to pick money from his vehicle outside. He allegedly attempted to escape with the phones in the waiting jeep when the sales boy raised the alarm.

Contrary to a report credited to Seun Egbegbe that he was neither arrested nor beaten by any mob, The PUNCH gathered that he was in police custody for two days until he was arraigned on Thursday

FG: ASUU Demanding For N284bn, Nobody Will Pay That In A Recession..

The federal government says it cannot meet the N248 billion demand of the Academic Staff Union of Universities (ASUU), in light of the current economic recession.

According to Chris Ngige, minister of labour and employment, the union made the request, saying it is for earned allowances.

But speaking with state house correspondents after the federal executive council meeting in Abuja on Wednesday, the minister said the government had agreed to meet seven out of the eight demands of the union.

He added that the demand for the payment of earned allowances was the only issue that had not been resolved.

“The other aspect of it is the earned allowance. The earned allowance is the only one that has not been sorted out for now. Everybody knows and agrees that we are in a recession,” he said.

“If we are in a recession and you are asking us to pay you N284 billion, nobody will pay it because the money is not there.”

Ngige said the government offered the union an undisclosed amount of money pending the time when it audits the first tranche of money given to the union.

“So they (ASUU) agreed and the national assembly also agreed, but the government offered them some amount pending when we finish auditing of the first tranche of money that has been given to them in that same area of earned allowances,” he said.

“That tranche of money that they collected is being audited, but the auditing process is very slow because some people for some strange reasons are not allowing auditing to take place. So a time frame has been fixed of six months within which the auditing will be done.

“Within those six months, government has offered something that they will be paying on a monthly basis and ASUU has also made a counter proposal to government so both parties have gone back to their principals.

“ASUU has a principal which is the national executive body, and government has come back to look at our finances viz-a-viz with the national assembly, which will appropriate that particular fund because for 2016, there is nothing in the budget for it.”

He said the union was expected to return to the negotiating table with its counter proposal.

ASUU had embarked on a one-week warning strike to press home its demands.



Olukoya Set To Lose Mountain Of Fire Prayer City - Sahara Reporters.

Founder and General Overseer of Mountain of Fire and Miracles Ministries (MFM), Daniel Kolawole Olukoya, is on the verge of losing the vast land on which MFM Prayer City sits.

A court ruling delivered on 12 May by Justice A.A Akinyemi of the Abeokuta Division of the High Court of Ogun State stated that the Adejonlu family are the bona fide owners of the land on which the famous crusade and camp ground sits in the Ogun State section along the Lagos/Ibadan Expressway.

This implies that Mr. Olukoya's church had bought the land from, and paid, the wrong people. Ownership dispute over the the land began in 2003 and took the form of litigation via two different cases (Suit Nos. AB/60/2003 and AB/61/2003) between the Adejonlu and Oduleye families.

Justice Akinyemi's ruling, exclusively obtained by SaharaReporters, declared the Adejonlu family genuine owners of the land situated in Magada, Obafemi/Owode Local Government Area, and that they are entitled to the right of occupancy over the land.

Following the ruling handing ownership and right of occupancy to the Adejonlu family, their lawyer, Mr. R. O. Sadik, told SaharaReporters that he wrote many letters to Mr. Olukoya for negotiation and settlement. Mr. Sadik said he took the steps because of the profile of the pastor and his church.

One of the letters, sighted by SaharaReporters, was dated 7 July and signed by one Miss Lateefa Sadik for Mr. Sadik's chambers. The letter recalled a meeting held between the legal firm and MFM representatives led by one Pastor Alewi.

The letter then proceeded with demands by the land owners. Notably, the landowners requested the church, assisted by their lawyers, to determine the size and portion of their land on which MFM Prayer City sits. The letter also demanded a payment of N5million per plot to cover the acreage that would be agreed on by the land owners and the church. Similarly, the letter demanded the immediate payment of 40 per cent of the total cost of the acreage agreed upon.

But these demands, Mr. Sadik told SaharaReporters, have been met with indifference. According to him, Mr. Olukoya is unwilling to negotiate with the landowners. He, however, warned that the owners are keen on enforcing the court ruling and taking full possession of the land.

"We have written to Dr. Olukoya over 10 times, and it is like he is not ready for settlement. He set up a committee, which was headed by Pastor Alewi, to look into the matter and our follow-up investigation shows that the report of the committee has got to Dr. Olukoya. But we have not heard any positive comment from him. In fact, his body language does not suggest he is ready to pay any money for the land belonging to my client," Mr. Sadik said. He explained that he met with representatives of the church on 8 October, but Mr. Olukoya was not at the meeting.

"Presently, we are the practical owners of the land, according to the judgment delivered by the Court, but the pastor is unlawfully and illegally using it and selling part of it thereby making money off us while we are not getting anything," alleged Mr. Sadik.
Another party to the matter, Chief Gbolahan Timson (Oba Jagunmolu of Shomolu/Bariga), said he was disappointed by Mr. Olukoya's conduct all through the time of litigation. He also claimed that Mr. Olukoya went back on his promise and his failure to act is affecting the family members.

"The Oduleye family were so greedy, and they were bent on taking over our land. For this reason, they went ahead sue us. We were served the court letter right in the office of Dr. Olukoya, and he said good luck to the winner and that he would settle whoever won the case. He made that statement when the case started 13 years ago. Now that we have won, he decided not to pay us. We explained to him that he paid the wrong party and he should pay our family who are the real owners of the land but he has refused," he said.

He added that Mr. Olukoya is saddened that he may have to pay more for the land. According to Chief Timson, the landowners gave a figure to the church. After receipt of the sum demanded, the General Overseer is not happy with us winning as he is going set up a committee to look into the case, but the committee came up with a much lower sum.

"From the information I got, he wanted to pay the money twice. But now, he is saying he is not paying us any money. I want to get people to talk to him so as to avoid unnecessary rancor like what is happening now. We cannot fight a battle for 13 years and still be begging for our right after winning. The court has declared us winner and the order of the court must be obeyed no matter who you are and what you do for a living," he said. 

How The Candidates Stand In Ondo Governorship Election

Strengths and weaknesses of Jegede, Oke and Akeredolu

In the next 48 hours, the people of Ondo State will be voting to pick out of 28 candidates, who becomes the occupant of Alagbaka Government House. The election will not only chart a new course for state politics but also determine, because of the preponderance of other influences, to a large extent, the direction that Nigeria politics may likely take in the march towards 2019.

And due to the unprecedented interests that the election has generated both at local and national turfs, a substantial percentage of the 1.54 million registered voters who hold the franchise for the about 3.5 million population of the state, are expected to exercise their voting rights.

Analysts said the weekend’s exercise, which has raised more dusts than similar governorship polls held after the 2015 general elections, will open new frontiers in the management of party politics and electoral litigations in Nigeria.

Two days to the exercise, the air was still not clear about the final list of candidates to feature in the polls as the much-awaited decision of the courts on the rightful flag-bearer of the Peoples Democratic Party (PDP) between Eyitayo Jegede SAN, and billionaire businessman, Jimoh Ibrahim, has raised tension almost to a boiling point.

Jegede however got a reprieve yesterday afternoon when the Court of Appeal, haven been mandated last Tuesday by the apex court to go ahead with the trial, affirmed his candidacy describing Ibrahim as an “impostor”.

In the All Progressive Congress (APC) which internal politics brought a lot of external influences into the Ondo sphere, a lesser degree of litigation is playing itself out as one of the aspirants, Olusegun Abraham, has dragged the candidate, Rotimi Akeredolu SAN, to court to query the legality of the primary election that produced him.

The controversial shadow election has effectively balkanized the party not only in Ondo where three of the four leading aspirants have ganged up against Akeredolu, but also at the national level where the factors that brought President Muhammadu Buhari into office are being redefined in a way to have far reaching effects on the next presidential election.

The National leader of the APC, Asiwaju Ahmed Tinubu who was in the forefront of the movement that succeeded for the first time in Nigeria’s history, to send an incumbent president packing and install an opposition candidate, has distanced himself from the party and allegedly backing a new horse in the candidacy of Olusola Oke, the flag bearer of the Alliance for Democracy (AD), a platform resuscitated to reinvigorate Yoruba regional politics which has produced a safe haven for the Lagos lord.

With Jegede emerging as the third leg of a tripod of contest, the race is now between him and Oke of AD and Akeredolu of APC.


Olusola Oke of the ADAfter falling out with the APC as a result of the controversial primary, Oke, at the prompting of Southwest political leaders, defected to the AD, because it originated from the region and people would easily identify with it.

Across the Southwest, the AD leaders have already rallied around Oke whose acceptability is growing by the day among the grassroots population. And being former PDP National Legal adviser, Oke, who with the late Governor Olusegun Agagu sustained the party before Mimiko joined it just before last year’s election, has a solid support base in the party, which he has also brought to consolidate his soaring popularity.

The lanky politician who hailed from the small fishing settlement of Ilowo in the coastal Ilaje local council, has for years been the face of political leadership in his southern senatorial district where he is expected to garner majority of the votes next Saturday.

The alleged marginalization of the southern district by the incumbent administration, which abandoned most of the developmental projects in the area, will also boost Oke’s chances even though an associate of his, John Ola Mafo, has been picked as the running mate to Jegede.

The AD candidate is also expected to reap maximum gain from a formidable state-wide political structure that he had built since he was the Commissioner on the board of the Niger Delta Development Commission (NDDC) when he extended projects locations to all parts of the state and which he sustained till when he gave a brilliant showing in the 2012 gubernatorial election as a candidate of the PDP and afterwards.

Eyitayo Jegede of the PDPAlthough highly burdened by the distractive litigation that saw his name being removed from the candidates’ list before yesterday’s court-ordered reversal, Jegede, also a Senior Advocate is a very popular candidate particularly among the people of Akure where he hails from.

He is expected to give a good showing in the central senatorial district especially with the incumbency factor of his godfather, Mimiko, who characteristically, had been deploying all the weapons in his arsenal to achieve victory.

But like all coins with two sides, Jegede’s relationship with Mimiko, who critics alleged was trying to get a third term through the back door, could be an albatross on the younger politician’s neck.

As an out-going governor that has less than three months to distribute patronage, what he did or did not do in office are now being held against him and many are extending the “wages of the sins” to Jegede, who, until recently had been avoiding politics like a plague.

While he is expected to garner large number of votes in the central district, many electorate in the north and the south, who are averse to a retention of political authority in Mimiko’s central, are already campaigning against him.

Besides, the long-drawn legal battle with Ibrahim has taken a lot of shines out of Jegede’s campaign as many of his supporters have already pitched their tent with either of the two camps of Oke and Akeredolu.

This setback may have been responsible for the strident calls from his camp for a postponement of the election, a call that INEC and other stakeholders have rejected, to allow for a resuscitation of a campaign that was abandoned midway.

While he has only hours before the Friday conclusion of campaigns to cover lost grounds, the saying that “24 hours is a long time in politics”, could give his team the needed vigor to get back to the top.


Rotimi Akeredolu of APCFor many party faithful, the Akeredolu candidature is the best thing to happen to the state, especially when they reflect on the governance records of the incumbent.

Those who share this view always refer to his stewardship as the President of the Nigeria Bar Association (NBA) and his roles in pursuing election petitions for the defunct Action Congress of Nigeria (ACN).
But the APC primary election in which “padded delegates list” was alleged to have been used, is still an albatross on his neck while the roles northern political leaders played in the process has already created an image crisis for him.

It is alleged that he has joined forces with those calling for the head Tinubu, his benefactor who despite opposition in 2012, imposed him as the candidate of the ACN.

Many politicians in the Southwest are already viewing the roles allegedly being played by some northern governors and Tinubu’s estranged associates led by former Ekiti governor, Kayode Fayemi and Ogun governor, Ibikunle Amosun, to foist northern interests on Ondo, with disgust.

Akeredolu however has his strength in Owo where he is expected to garner majority of the votes although he has many well-known politicians as his allies across the state, a fact that had been proved by Mimiko’s trial with his former Labour Part (LP) platform as not enough to secure victory.

The Senior Advocate is however seen as someone who could raise the bar of development in the state because being a professional in politics; he would not be encumbered by political considerations that have allegedly bogged down Mimiko’s administration.

Voting Strength
A breakdown into senatorial districts of the 1,546,081 of registered voters shows that Ondo Central has 615,157, which represents 39:78 percent; Ondo North 418,926, which accounts for 27.10 percent and Ondo South 511,998 representing 33.12 percent. But the political space of Ondo State has been reconfigured among the three leading parties.

First, the people of Akoko may eventually cast a protest vote against APC especially as Abraham and Senator Ajayi Boroffice who contested the party’s primary election, have openly campaigned against Akeredolu.

There are six local government areas in Ondo North which has 418,926 registered voters representing 27.1 percent. Of the six councils, Akoko zone alone, where Abraham and Boroffice come from, has four. Also, Owo zone, which is Akeredolu’s political base, has just two.

Oke picked his running mate, Gani Dauda from Akoko, whose people still believe, were politically raped with the APC refusal to implement the report of its own appeal committee.

With 615, 157 registered voters representing 39.78 percent, Ondo Central is the stronghold of the PDP and Mimiko’s political base and with Jegede back in the saddle, the factor of Akure in Ondo politics may be more pronounced even though the metropolis is inhabited mainly by non-indigenes.

Since the creation of the state in 1976, Akure has not produced an elected governor and Jegede’s candidacy offered them much hope. Like the case of Akoko, the people of Akure may cast protest votes against the APC because it is largely believed that federal might was used to cause the initial displacement of Jegede, whom they believe, would be the first son of Akure to be an elected governor. Akure zone, which comprise Akure North and Akure South, has 302, 888 registered voters, almost half of the voting strength of Ondo North.

In the South, Oke remains a force to contend with even though it is also the district where Akeredolu picked his running mate, Agboola Ajayi. But the choice of Ajayi has generated disapproval even among party faithful because he is Akeredolu’s maternal cousin.

With 511,998 registered voters, which represents 33.12 percent of the state’s voting strength. Oke still holds the ace in the south but the dichotomy in the peculiar politics of Ilaje among the Ugbos of Constituency 1 to which Oke belongs and Mahin/Aheri/Etikan of Constituency 2, to which Mafo belongs, may have some negative effects for the AD candidate

FG, States, Lgs Share N420bn For October - Adeosun

THE Minister of Finance, Kemi Adeosun, on Wednesday in Abuja said N420 billion was shared in October among the Federal, States and Local Governments.
Adeosun told newsmen that same amount was shared in September.

She said that N6.3 billion was refunded to the federal government by Nigerian National Petroleum Corporation.


The net statutory allocation is N197 billion while Value Added Tax is N69.6 billion, an increase of N5.35 billion from the previous month.


She said that there was exchange gain of N37.3 billion while excess Petroleum Profit Tax was N109.1 billion.


Adeosun said the Federal Government received N96.67billion, representing 52.68 per cent while states got N49billion, representing 26.72 per cent.


The local governments, she said, received N37.8 billion, amounting to 20.60 per cent of the amount distributed.


She said N13.5 billion, representing 13 per cent derivation revenue was shared among the oil producing states.


For distribution from VAT, she said that the federal government got N10 billion representing 15 per cent while the states got N33.4 billion representing 50 per cent and the local government councils got N23.3 billion representing 35 per cent.


Adeosun also said that during the month under review, the country generated N140.2 billion as mineral revenue and N98.5 billion as non-mineral revenue, showing a decrease of N41 billion from both sources.


The minister also said that the Excess Crude Account stood at 2.4 billion dollars.


She noted that there was a decrease in crude production in August which was one of the months the nation had very challenging situations in the Niger Delta.
She said that 950 barrels per day was shut-in and that the impact was being felt on revenue.


Adeosun said: “Of course the situation in the Niger Delta continues to affect us but we are working to resolve it, we are confident that we will gather production volumes back up as quickly as possible.


“The large driver of the lack of growth is the oil sector which is down by minus 22 per cent.


“The situation is being addressed and we are now of course seeing production volumes coming back up and we are confident that that progress will be continued.’’


She, however, said that there was growth in the agriculture and solid minerals sectors “which is very encouraging’’.
Adeosun said the rate at which the economy was declining was slowing down.


She said that it was encouraging and that the federal government will continue to watch and look for areas to provide far more fiscal stimulus to get growth back.


She said that it was clear from the figures from the National Bureau of Statistics that the manufacturing sector was the most challenged and that unavailability of foreign exchange was responsible for that.


She added that the sector would benefit from more consistency of foreign exchange policy.


She said: “On the fiscal side we are rolling out a number of measures that will support the manufacturing sector in terms of tax relief and other measures that would allow the balance sheet of the manufacturers to be repaired.’’


On debts owed contractors, she said the ministry was working with the Central Bank of Nigeria to find a solution to the problem.


She, however, confirmed that the debt affected a number of sectors in the economy.


Adeosun said: “Clearly, it is affecting the ability to get the economy going because if contractors are owed they cannot invest.


“It also affected our stimulus because when we released funds to contractors many of them found that they were not allowed access to the funds because they were already in overdrawn positions.


“So many of these hidden debts are significant and we are working very much in conjunction with the CBN and we have already consulted with the National Assembly on what we are proposing to do to solve the problem.’’

EFCC Arraigns Dasuki’s Aide And Others For N36.8bn Fraud.

The Economic and Financial Crimes Commission, EFCC, on Wednesday, November 23, 2016 arraigned the quartet of Colonel Nicholas Ashinze, a former special assistant to the embattled former National Security Adviser, Col. Sambo Dasuki; an Austrian, Wolfgang Reinl; Edidiong Idiong and Sagir D. Mohammed before Justice Gabriel Kolawole of the Federal High Court, Abuja on a 13-count charge of corruption and money laundering to the tune of N36.8billion.

Ashinze and his co-accused were arraigned alongside five companies accused of allegedly diverting huge sums from the office of the former NSA.

The companies are: Geonel Integrated Services Limited, Unity Continental Nigeria Limited, Helpline Organization, Vibrant Resource Limited and Sologic Integrated Services Limited.

Count three of the charge reads:

“That you, Col. Nicholas Ashinze, being a serving officer of the Nigerian Army and a former Special Assistant (SA) to the immediate past National security Adviser, Wolfgang Reinl, being an Austrian national and managing director of Geonel Integrated Services Limited and Geonel Integrated Services Limited on or about 22nd April, 2014 at Abuja, in the Judicial Division of the Federal High Court did transfer the sum of Five Hundred and Fifty Million Naira (N550,000,000.00) to Edidiong Idiong, being a lawyer practicing in the name of Law Partners & Associates, knowing that the said sum forms part of the proceeds of an unlawful act to wit : ‘corruption’ and thereby committed an offense contrary to Section 15 (2) (b) of the Money Laundering (Prohibition) Act 2011 (as amended) and punishable under Section 15 (3) and (4) of the same Money Laundering (Prohibition), Act 2011 (as amended).”

The defendants pleaded not guilty to all the charges preferred against them.

In view of their plea, counsel to EFCC, I. O Uket expressed readiness for trial to commence immediately saying he had the witnesses present in court.

“If the court is ready, we are also ready to produce our first witness as we have our witnesses in court”, he said.

But, Ashinze’s counsel, Ernest Nwoye told the court that he had a pending application for the bail of his client. He urged the court to grant the defendant bail on self recognizance having earlier been admitted to bail by an FCT High Court.

Afam Osigwe, counsel representing the second and fifth defendants, also prayed the court to admit Reinl to bail. He stated that he has been enjoying administrative bail from the EFCC since February. He said that his travel documents are in the possession of the Commission. He added that the accused has lived in Nigeria for over 23 years and is married to a Nigerian.

In his argument, counsel to the third defendant, Paul Erokoro, SAN, said his client, Idiong, being a legal practitioner knows what it means to jump bail. He stated that, aside the fact that he had earlier been grated bail by an FCT High Court, he had always made himself available to the EFCC.

In a similar vein, counsel representing the fourth defendant, N. Jimoh, while praying the court to grant his client bail presented 6 exhibits marked exhibits A-F respectively, to the effect that the accused had a health challenge which he had been managing for close to forty years.

Responding, Uket argued that the defendants had lost their administrative bail the moment their matter was charged to court and their counsels filed applications for their bail.

“We are aware that the defendants are enjoying administrative bail. Their counsels understand that any administrative bail granted ends as soon as the matter is brought to court and bail applications are filed. Such bail cannot be extended since the charges have now been preferred to the defendants. We therefore urge the court to deny the bail application”, he submitted.

Ruling on the applications, Justice Kolawole held that the charges are all bailable adding that, “since each of the defendants has been on one administrative bail or the other, my sixth judicial sense informs me that I adopt the terms and conditions of the bail granted to the defendants by the EFCC and my learned brothers in the FCT High Courts.

The judge added that the case would be granted accelerated hearing and urged the prosecution to pick five days in the new year for trial.

Consequently, the case was adjourned to January 23, February 1 and14; and March 7 and 21, 2017.

Buhari May Present 2017 Budget December 1


President Muhammadu Buhari may present the 2017 Appropriation Bill to the joint session of the National Assembly on December 1, 2016.

Senate Minority Leader, Senator Godswill Akpabio, gave the hint Wednesday while contributing to the debate on the 2017 to 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Akpabio said that the Senate President, Abubakar Bukola Saraki on Tuesday made reference to the fact that the President Buhari may be coming to the National Assembly to submit and read the 2017 budget on 1st of December 2016.

The information came as the Senators overwhelmingly described the MTEF and FSP as largely unrealistic.

The lawmakers took turns to tear the MTEF and FSP to shred rooting for the fiscal document to be returned back to the Presidency.

Saraki saved the day by appealing to his colleagues that though the assumptions and estimates in the MTEF were largely incorrect they remained assumptions and estimate.

The Senate President noted that it was the responsibility of the Senate to work on the document and use its capacity to produce a realistic document.

Akpabio said, “We can see that we don’t have a perfect document in our hands but of course we are looking at assumptions and assumptions may not necessarily be correct. I want to suggest that we send it to the committee. Of course, the committee will invite the relevant agencies and ministries of government.

“They will come up with a more realistic MTEF/FSP because I believe also that looking at the date that this was submitted to the Senate, (4th of October) and we are debating it today on the 23nd of November. So, a lot of indices must have changed. Wednesday, you made reference to the fact that the President may be coming to the chambers to submit and read the 2017 budget on 1st of December.

“If that is the case and we send this (MTEF) back and wait for it to come and debate it, it means that we will not be able to meet that deadline. But if we send it to the committee level, they may come up with something within the next three days that will be much realistic.”

So, my appeal will be that the committee members should take into cognisance all the submissions and observations made today; so that we can come up with a more realistic MTEF and FSP.
The Medium Term Expenditure Framework and the Fiscal Strategy Paper is proposing a budget that will be predicated on an oil revenue benchmark of $42.5 per barrel for the period 2017 -2019.

The non-oil revenue for 2017 -2019 is guided by the improved efficiency of collection and expected growth in non-oil GDP, and accordingly customs collection, Companies Income Tax, Value Added Tax and FGN Independent Revenue are non-oil sectors the government is expecting revenue from in 2017.

The proposal also shows that the government is projecting a 3.02% GDP growth in 2017, while inflation is expected to moderate at 12 ‚92%.

The GDP growth would be driven by strong performance in agriculture, wholesale and retail, construction and real estate sectors ‘ among others.

Similarly, the GDP growth for the medium term is based on the assumptions of average oil production of 2.2mbpd‚2.3 mbpd and 2.4mbpd for 2017,2018 and 2019 respectively with average benchmark oil price of USD42.5pb,USD45pb‚ and USD50pb for 2017,2018 and 2019 respectively as well as an average exchange rate of N290 per dollar. It is also based on an average growth rate of 9.69% during the period.

Deputy Senate Leader, Bala Ibn Na’Allah who presented the MTEF noted that the document is designed to reposition the Nigerian economy from the shores of recession to a sustainable inclusive growth path.

“The fiscal strategy for the 2017 -2019 MTEF / FSP therefore is framed to fundamentally restructure the economy for enhanced productivity, efficiency and accountability in the management of national resources with the intent of unlocking the real sector and private sector potentials for bolstering growth.

“The focus of the 2017-2019 MTEF and FSP is the utilization of targeted spending in critical sectors that will translate into quick transformative capabilities and strong linkages with medium term development plans to achieve a more developed infrastructure base to stimulate real sector productivity, job creation and increased private sector investment.

“The 2017 budget will be guided by six principles namely realism, credibility, allocative strategic, prioritization, transparency and accountability and social safety nets

“The policy outline in the Medium Term Expenditure Framework and the Fiscal Strategy Paper are in line with the Change Agenda of this Administration,” Na’Allah said.

The consideration of the fiscal document followed a closed session of the upper chamber during which senators were said to have attempted to persuade themselves not to throw out the document.

It was learnt that the Presidency refused to rework the MTEF and FSP the Senate rejected on November 3rd, 2016.

A reliable source said that “the same MTEF we rejected and returned to the Executive was sent back to us to consider. Nothing was changed, nothing was reworked, it was the same it was submitted in October.”

Almost all the senators who contributed to the debate agreed that the projections in the MTEF/FSP were unrealistic.

Chairman, Senate Committee on Finance, Senator John Enoh (Akwa Ibom Central) said the first thing to consider is the broad, the basic assumptions that are contained in the document including the assumptions of the daily oil production of 2.2 which has not changed from where it was in 2016.

Enoh said, “I think with the backdrop of a lot that is happening in terms of oil production the government especially the executive arm has to put in place a proper engagements strategy in the Niger Delta if it hopes to achieve this because as I speak am sure we are losing on a daily basis more than 600,000 or 800,000 barrels a day.

“If that is what we are doing and then we are predicating daily production in 2017 at 2.2 then the government needs to do quite a lot in terms of the oil price benchmark of $42.5.

“Talking about the exchange rate of N290 when in spite of the exchange rate we have figures that rotates the upper limits into as much as N350 not minding what is happening in the parallel market

“In looking at the 2017 projections, the one that is most startling in terms of the projections that has increased is bad. VAT in 2016 was about 1.2, 1.4 but in 2017 it was projected about 2 trillion and I think that there is no real basis if for example as at September VAT indicated just about 55 percent then why are you now increasing it by more than 1trillion.”

Senator Solomon Adeola (Lagos West) in his contribution noted that by passing the MTEF, the Senate was giving the leeway to the President to present the 2017 budget.

The lawmaker said that the first thing the Senate should have done was to consider and analyze the performance of the 2016 budget.

Senator Adeola added, “Going through the document before us, I want to say that the Economic Team of the government is in disarray. The document before us is not realistic. We should return it for the Economic Team to rework.”

For Senator Suleiman Adokwe, (Nasarawa South) the problem is the bureaucracy, who have a template they recycle every year.

Adokwe lamented that it appears there is no economic blue print to get the country out of recession.

Senator Mohammed Hassan (Yobe North) agreed the most of the assumptions in the document were unrealistic.

Sentor Usman Bayero Nafada warned that if the MTEF was not well done, the 2017 budget would fail.

He wondered why the Central Bank of Nigeria Governor, Godwin Emefiele would inform Nigerians that the exchange rate stood at N305 to one dollar while the government would sent a document containing N290 to one dollar.

Senator Jibrin Barau (Kano North) said that Senate has the constitutional power to adjust the document as it deemed correct.

Barau also said the assumptions were wrong.

On his own Senator Dino Melaye (Kogi West) said “Mr. President, if we speak the truth, we would die, if we lie, we would die. So I have chosen to speak the truth and die.

“I want to say this document that I have before me, this MTEF proposal and projections of the 2017 to 2019 is a lie. This document is not truthful, it is not honest, it is not transparent and it is not factual.

“We want to know the level of compliance of the MTEF we passed last year and it is for three years, 2016-2018. What are the new amendments, Is this MTEF predicated on the loan that the executive is requesting to take. We want to know and that is not stipulated in this MTEF. We also want to know the whether the rate of N290 exchange rate per dollar is it realistic? Is this the truth. Governance is about the truth, it is about honesty, it is about transparency, it is about opening yourself to the people.

“The GDP is going down and this MTEF document is telling me that it is going up. So, how do you corroborate this fraud. We should not be talking about deficit to GDP in realistic term we should be talking about deficit to revenue. How much of our revenue is being used in servicing our debts.

“You need to tell us, we need to know that what percentage of our revenue you are allocating to servicing debts but that question is very, very painful to me because recently in international forum the minister of budget and planning blatantly displaying ignorance of not knowing even what the debt profile of the government is.”

After the debate and appeal by the Senate President, the lawmakers agreed to refer the document to the joint committee on Appropriation, Finance and Budget and National Planning for further legislative action

My Account Balance Is Less Than $10m – Patience Jonathan

Dame Patience Jonathan, wife of ex-President Goodluck Jonathan, has denied media reports that $175m is missing from her bank accounts.

Patience said her account balance as of the time it was frozen by the Economic and Financial Crimes Commission was less than $10m.
She, therefore, urged the media to be fair to her and stop twisting facts.

She said this in a statement signed by her spokesman, Mr. Sam Dokubo, on Wednesday.

The statement added, “For the avoidance of doubt, while indeed it is true that Dame Patience is in court for the protection of her fundamental rights infringed upon by a ‘No debit order’ placed on her funds by the EFCC, it is not for $15m but for funds less than $10m as has been clarified several times.

“The purported story in a newspaper on November 19, 2016, about a missing $175m allegedly belonging to the former first lady is not just fictitious but plain falsehood.”

Patience said if the EFCC was looking for a ‘missing’ $175m it should ask Skye Bank where all her accounts were domiciled.

It added, “The EFCC has not made any statement to the existence of an investigation of any missing $175m linked to the former first lady.

“If any such funds as claimed, which was deposited by certain verifiable persons has gone missing without a trace from a known bank, Skye Bank, as was reported, then, the bank, its officials and those mentioned must be held to account for the funds and not the former first lady, Dame Patience Jonathan, who was in no way a part of the transaction.

“The claim that the money was credited to a company linked to Dame Patience Jonathan is also false; otherwise it should be officially substantiated with credible evidence by Skye Bank and the EFCC that are jointly mentioned in the report.”
Mrs. Jonathan threatened to sue media houses that continue to malign her.
Patience is suing the EFCC and Skye Bank for freezing accounts linked to her. She is also demanding a N200m settlement.
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