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Economist calls for CBN’s sanctions against bank directors to reduce bad loans

February 24, 2017 admin 0

Lagos – An economist, Mr Chris Nemedia, has called on the Central Bank of Nigeria (CBN) to apply its appropriate sanctions against bank directors who grant loans to customers without collaterals.

Nemedia, a former director in the Economic Research Dept, CBN, suggested this while responding to questions from the News Agency of Nigeria (NAN) in Lagos on Friday.

He said that such sanctions would reduce the rate of bad loans and debts being incurred by banks whose directors perpetrate such acts.

The economist said that one of the sanctions should include the removal of such a director from office to serve as a deterrent to others.

“The CBN needs to enforce its rules so as to lessen the incidence of bad loans being written-off by banks as it is not healthy for the nation and its banking sector.

“However, no bank can do without incurring bad loans but it should be within a manageable limit,” he said.

He noted that banks in the country should ensure that they improved on their risk mana..

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Prayers of prosperity, protection: Spiritualist face N1m fraud charge

February 24, 2017 admin 0

Lagos – A 70-year-old spiritualist, Mogbonjubola Raheem and a man, Saheed Akani, who allegedly defrauded a man of N1 million, were on Friday brought before a Tinubu Magistrates’ Court, Lagos.

The duo is facing a three-count charge of conspiracy, fraud and theft.

The prosecutor, ASP Richard Odigie told the court that the accused and her accomplices, Akani, 47, and two others still at large committed the offences on Jan. 16, at about 10.00 p.m.

He said accused collected the money from the complainant, Mr Olawale Williams of Lagasa Town, Ibeju-Lekki, Lagos on the pretext of offering prayers for his prosperity and protection against mishaps.

He said the two others at large claimed they saw a vision that the complainant had some spiritual problems and lured him to the house.

“When they got to the apartment, they met Raheem and Akanni, who told him to go and bring all the money he had.

“The complainant gave them N1 million for all his spiritual problems to be solved but he did not hear..

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Boko Haram attack kills seven soldiers in Borno

February 24, 2017 admin 0

At least seven soldiers were killed in a Boko Haram attack on military positions in northeast Nigeria, a civilian vigilante and a security source said on Friday.

The attack happened in the town of Gajiram, about 80 kilometres (50 miles) by road north of the Borno state capital, Maiduguri, on Wednesday afternoon.

A military source in Maiduguri and a civilian vigilante, Babakura Kolo, both told AFP on Thursday that the fighting lasted for about two hours and that three soldiers were killed.

But Kolo said on Friday that the toll was had risen and that it was “now seven, including one lieutenant, and six rank and file.

“Yesterday, three bodies of soldiers were found but four more bodies were found during a search.”

The security source said three militants were also killed and troops were combing the area to find other rebel fighters.

AFP contacted the military for comment but there was no immediate response.

Fighters loyal to Abu Musab Al-Barnawi were suspected of carrying out the ..

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Abubakar Shekau kills Boko Haram’s spokesman over ‘leadership plot’

February 24, 2017 admin 0

The leader of Boko Haram’s main faction, Abubakar Shekau, has admitted killing the group’s purported spokesman over an apparent plot to oust him, he said in an audio recording obtained by AFP.

In the 50-minute tape of a meeting with the inner circle of his militant Islamist group, Shekau said he killed “Tasiu” — also known as Abu Zinnira — who appeared in several video messages.

“You should hear me: I killed Tasiu, hear me well,” he told the gathering in Hausa, which is widely spoken across northeast Nigeria.

Shekau states the date of the meeting — December 18 — and said it had been called to discuss “those elements grumbling over the killing of Tasiu”.

AFP received a copy of the recording earlier this month. The tape appears to have been meant for circulation only within the armed Islamist movement.

Shekau’s claim appears to lend weight to reports of infighting within Boko Haram, whose insurgency has killed at least 20,000 in northeast Nigeria since 2009 and left 2.6 million home..

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Trump blasts FBI for not stopping leaks to media

February 24, 2017 admin 0

President Donald Trump took the unusual step Friday of publicly criticizing the FBI, saying it was failing to stop national security leaks to the media, even from within the agency.

The Republican’s rebuke, posted on Twitter and Facebook, comes with his administration on the defensive against allegations of improper links to Russia, with several investigations into the matter underway on Capitol Hill and at the FBI.

Accusations against Trump and his cohorts have come from news reports based on unnamed government sources.

“The FBI is totally unable to stop the national security ‘leakers’ that have permeated our government for a long time,” Trump said.

“They can’t even find the leakers within the FBI itself. Classified information is being given to media that could have a devastating effect on U.S. FIND NOW.”

The social media posts from Trump, a voracious consumer of cable news, came as CNN was airing a story on how the FBI rejected a recent White House request to publicly deny news..

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ICPC compels Benue Polytechnic to award Certificate to student 7 years after graduation

February 24, 2017 admin 0

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has facilitated the release of the Statement of Result to a former student of the Benue State Polytechnic, Mrs. Monica Kyasamkombo, after seven years delay.

Mrs. Kyasakombo who read Marketing at the Makurdi Study Centre of the Ugbokolo based school in 2008, had her certificate wrongly withheld by the school management after completion of the programme.

Mrs. Kyasakombo, in her petition to ICPC, disclosed that she had enrolled as a Higher National Diploma (HND) student in the institution in January, 2007. At the completion of her studies in December, 2008 the institution failed to issue her any evidence of having attended the school or completing her studies there.

Her repeated efforts to get the school to release her Statement of Result or certificate failed prompting her to petition ICPC.

Acting on the petition, ICPC launched an investigation into the matter and directed the institution to issue the pet..

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Court remands Man in prison for alleged murder of 12-year-old boy

February 24, 2017 admin 0

Ado-Ekiti – An Ado-Ekiti Chief Magistrates’ Court on Friday remanded a 21-year-old man, Tosin Oluwafemi, in prison for alleged murder.

The Prosecutor, Insp. Caleb Leranmo, told the court that the accused committed the offence on Feb. 14 at Ifaki-Ekiti.

He said that the accused was charged with conspiracy, unlawful possession of human head and murdered of a 12-year-old boy, Joshua Ojo.

He said that the accused went to pick the boy from his school at Ifaki community primary school in Ifaki-Ekiti, murdered him and cut off his head.

He said the offence contravened sections 320, 329A and 319 of the Criminal Code Cap C16 Laws of Ekiti State 2012.

The plea of the accused was not taken.

The Chief Magistrate, Adesoji Adegboye, remanded the accused in prison till the outcome of the advice from Director of Public Prosecution.

He adjourned the case till April 5 for mention.

The post Court remands Man in prison for alleged murder of 12-year-old boy appeared first on Vanguard News.

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Edo guber poll: More witnesses testify for Obaseki

February 24, 2017 admin 0

More witnesses on Friday testified for Edo Gov. Godwin Obaseki, before the Justice Ahmed Badamasi-led three-man Edo election tribunal and claimed that the Sept. 28. 2016, governorship election was freely and fairly conducted by INEC.

The Peoples Democratic Party (PDP) and its candidate, Pastor Osagie Ize-Iyamu, are challenging the declaration by INEC of Obaseki of the All Progressives Congress (APC) as winner of the election.

The petitioners listed INEC, Obaseki and the APC as first, second and third respondents, respectively.

Ize-Iyamu had since closed his case after calling 91 witnesses and tendered several pieces of evidence to prove his case of alleged irregularity in some polling units and polling wards in the 18 local government areas of the state.

INEC, however, as first respondent, did not call any witness, but only tendered pieces of evidence to prove that the governorship election was freely and fairly conducted and that its declaration of Obaseki was in order.

Obaseki, ..

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Osun Govt to introduce education-marshals in public schools

February 24, 2017 admin 0

Osun Government on Thursday said it would soon introduce Education-Marshals (Edu-Marshals) in all the state secondary schools to enforce discipline and curb disturbances in schools.

Dr Isiaka Owoade, the Chairman, Osun Education Quality Assurance and Morality Enforcement Agency, made this known in Osogbo.

Owoade spoke against the Wednesday clash by some students of Osogbo Grammar School and Technical College, Osogbo with the officers of the Peace Corps of Nigeria.

Students engaged officers of the Peace Corps posted to their school in fisticuffs over alleged extortion by the officers.

The men of local vigilance group, however, restored normalcy in the school.

He said that the marshals currently undergoing training, would soon be deployed to schools in the state.

Owoade said, “We have already given them uniforms and they are training now; we will deploy them soon.

“They are to serve as discipline officers in schools.

“The marshalls are government-trained personnel that will handl..

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Pinnacle Trading & Investment Nig. Ltd is not EFCC auctioneer

February 24, 2017 admin 0

The Economic and Financial Crimes Commission has dissociated itself from the activities of Pinnacle Trading & Investment company which has been parading itself as auctioneer of the commission.

This was made known in a statement on Friday by Wilson Uwujaren EFCC’s Head Media & Publicity

He warned general public to refrain from engaging in any activity in relation to the auctioning of any vessel or petroleum product on behalf of the Commission, as the EFCC has not duly authorized Pinnacle Trading & Investment Nig. Ltd, who have been parading themselves as auctioneers purportedly appointed by the Commission, or anyone to act on its behalf in that regard.

The sources of the fraudulent letter of engagement being paraded by Messrs. Pinnacle Trading & Investment Nig. Ltd., are currently being investigated, with a view to bringing them to book.

It would be recalled that the vessels and their operators were arrested by the Nigerian Navy, for engaging in illegal activities and handed over ..

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