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APC To Yahaya Bello: Stop Confusing The Party, No Vacancy For National Chairman

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APC To Yahaya Bello: Stop Confusing The Party, No Vacancy For National Chairman

The leadership of the ruling All Progressives Congress (APC) has told the immediate-past governor of Kogi state, Yahaya Bello that there is no vacancy in the office of the national chairman of the party.

The national publicity secretary of the party, Felix Morka warned the former Kogi governor to stop confusing the party, saying the position of the national chairman is currently occupied.

Morka handed down the warning while addressing newsmen at the national secretariat of the party.

The posters of the former governor were seen on major streets in the Federal Capital Territory (FCT), especially around the federal secretariat and on walls and fences of structures around the APC national secretariat along Blantyre Street, Wuse 2, Abuja.

The bold picture of the former Kogi state governor is adorned with the inscription, “APC Next Level. Alhaji Yahaya Bello as APC National Chairman. Leading the Change, Building a Stronger APC.”

Court Orders Seizure Of Senator Victor Umeh’s Assets Over N136m Bank Debt

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Court Orders Seizure Of Senator Victor Umeh’s Assets Over N136m Bank Debt

A Federal High Court in Abuja has ordered Senator Victor Umeh, representing Anambra Central Senatorial District, to pay N135,722,303.40k along with accrued interest to the Asset Management Corporation of Nigeria (AMCON) over his unpaid bank loan.

Justice Inyang Edem Ekwo issued the order in a judgement delivered in a suit marked: FHC/ABJ/AMC/12/2022 filed by AMCON.

Justice Ekwo, who declared that Umeh was actually indebted to AMCON, issued an order directing the forfeiture of Umeh’s 5,000,000 units of Skye Bank shares in the records of the Central Securities & Clearing System to AMCON.

The judge also awarded a cost of N2m in favour of AMCON and against Umeh, who is currently the Chairman, Senate Committee on Diaspora.

According to court documents filed by AMCON, Umeh got a loan of N23,250,000.00 from the now defunct Skye Bank in January 2008 “to enable him invest in and purchase shares of a financial institution in Nigeria.

“The tenor of the credit facility granted the defendant was specifically fixed for 356 days.

“The offer letter contained various other explicit terms and conditions, which the defendant accepted by duly executing the memorandum of acceptance.

“The defendant utilised the funds granted to him as credit facilities by the bank. However, at the expiration of the tenor of the facility, the defendant failed and neglected to liquidate the credit facility as per the contract.”

AMCON stated that it later acquired the unpaid debt when Skye Bank became unsuccessful in making Umeh repay.

It added that its suit was to recover the debt, which stood at N135,722,303.40k as of April 2011.

Justice Ekwo, in his judgement, noted that despite being served with court documents in relation to the case, Umeh failed to file any response or make any effort to enter a defence.

The judge said: “It is to be noted at this point that the defendant, upon being served, failed to enter a defence in this case.

“It is trite law that the net effect of the failure of a defendant to file pleadings is that the assertions of the claimant in his pleadings stands unchallenged and are deemed admitted and established

“It is also true that the effect of a defendant’s failure to call evidence in defense of the claims against him at the trial is that he is presumed to have admitted the case made against him by the claimant.”

The judge added that despite Umeh’s failure to file a defence, the plaintiff was able to prove it’s case through the evidence it presented.

He held that, based on the evidence presented by the plaintiff, “the indebtedness of the defendant has been proven.

“I find that the plaintiff has established its case by preponderance of evidence as required by law.

“Consequently, judgement is entered per terms as follows:

*A declaration is hereby made that the defendant is indebted to the plaintiff, in the sum of N135,722,303.40 representing the principal debt sum plus all the accrued interest and charges, at the rate of 15 percent per annum drawn up to January 25, 2021, being the sum due and outstanding from the defendant to the plaintiff.

*A declaration is hereby made mandating the defendant to pay to the plaintiff the sum of N135,722,303.40 representing the principal debt sum, plus all the accrued interest and charges, at the rate of 15 percent per annum drawn up to January 25, 2021, in settlement of the debt due and outstanding from the defendant to the plaintiff.

*An order is hereby made mandating the defendant to pay the plaintiff a sum representing 15 percent of the principal sum as interest on the judgement sum from January 26, 2021, until the date of delivery of the judgement.

*An order is hereby made mandating the defendant to pay the plaintiff a sum representing 15 percent of the judgement sum as interest on the judgement sum, from the date of delivery of the judgement till the date of full and final liquidation of same.

*A declaration is hereby made that the defendant is liable to a total forfeiture and divestment of all his title, rights, interests, benefits, and claims in respect of the 5,000,000 shares of Skye Bank shares in the record of the Central Secures & Cleaning System while the plaintiff is entitied to take over, as beneficial owner, all the title, rights, interests, benefits and claims in respect of same.

*An order of final foreclosure and final forfeiture is hereby made foreclosing and divesting the defendant of his title, rights and interests, in respect of the 5,000,000 units of Skye Bank shares in the records of the Central Securities & Clearing System and vesting same in the plaintiff in furtherance of part liquidation and satisfaction of the outstanding debt obligation of the defendants due to the plaintiff.

*An order is hereby made mandating the defendant to pay to the plaintiff the sum of N2,000,000 00 as costs for filing and pursuing this claim.”

Senate Passes Sen Ashiru’s Bill To Establish National Road Transport Council

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Senate Passes Sen Ashiru’s Bill To Establish National Road Transport Council

The Senate on Tuesday granted first reading to a bill seeking to establish a National Road Transport Council which is to be saddled with the responsibility of regulating the road transport industry and the transport profession in Nigeria.

The bill titled National Road Transportion Council (Establishment) Bill 2024 is sponsored by Deputy Senate Leader Senator Oyelola Ashiru and was introduced to the Senate plenary after the Senators resumed from their 30 day recess.

Further details of the bill fronted by the Kwara South Senator reveals that if signed into law a council board will be established which shall consist of a Board chairman and six members drafted from each geo-political zone of the country.

More insights of the bill sighted by the Sun also states that the board shall be presided by a representative from Ministries of transport, commerce and industry and aviation and they shall not be below the rank of a Director.

As highlighted in the explanatory memorandum of the bill , [b]the functions of the proposed council include; creating an effective regulatory framework on road transport service operators; determining the standard of knowledge and skills required for road transport service operators; encouraging the advancement of education in road transportation; ensuring accessibility of road transport facilities, [/b]channels, and routes; monitoring the performance of the regulated road transport industry; conducting background check on road transport service operators; registering all road transport service providers and determine the fees for such registration; setting guidelines and general policies for road transport service operators; updating the Federal Government on its activities and progress through annual and audited reports; reviewing progress and suggest improvement within the provisions of this Bill and do such other things as are necessary or incidental to the objects of the Council under this Bill or as may be assigned by the Federal Government.

The bill received the nod of the Senators via voice votes presided by the Senate President Godswill Akpabio shortly after it was introduced to the floor of the Red Chambers by the Leader of the Senate, Senator Opeyemi Bamidele.

Dangote Refinery To Import Crude Oil From The United States

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Dangote Refinery To Import Crude Oil From The United States

Dangote refinery is preparing to import crude from the US in the forthcoming months, signalling the increasing competitiveness of American barrels in the global market.

This is according to reports from Bloomberg.

Traders’ familiar with the matter disclosed that Trafigura Group has sold 2 million barrels of WTI Midland to the Dangote refinery for delivery by the end of February. This marks the first time the refinery buying non-Nigerian crude.

The exponential growth in US oil supply over the past decade has reshaped the global market, extending its influence to regions like Asia. Nigeria, whose economy heavily relies on petroleum exports, is particularly impacted by these transatlantic deliveries.

Industrial Court faults firm on negligence, awards damages to late delivery agent

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Industrial Court faults firm on negligence, awards damages to late delivery agent
Hon. Justice Zaynab Bashir of the Portharcourt Judicial Division of the National Industrial Court has found a firm guilty of negligence over the death of its delivery agent, late Chukwuma which occurred in the course of his employment with the firm.

The Court declared that the firm’s negligence contributed to the death of Late Chukwuma, and ordered the firm to pay Chukwuma’s estate the sum of Twelve Million Naira (N12,000,000.00) as general and special damages.

From facts, the claimants – Mrs Blessing (Wife) and Mr. Duff (Elder Brother) suing as representatives of other dependents of late Chukwuma, a delivery staff, had averred that since the gruesome killing of the late Chukwuma in the hands of the company’s customers, the company had not supported his family in any way and no compensation has been paid and that the untimely death of the deceased was caused by the company’s negligence and or breach of statutory duty.

Counsel added that during the murder trial in the High Court where the killers of the late Chukwuma were convicted and sentenced to death, two members of staff of the firm gave evidence that the late Chukwuma was a staff of the company.

They alleged that the company failed to ensure adequate protection for late Chukwuma after failed attempt to deliver customer goods who changed address but was forced to work in a notoriously dangerous location which the company knew or should have known presented a great risk to the life of the deceased.

However, the company filed a memorandum of appearance and failed to defend the matter despite being served with hearing notices several times.

The claimants stated that the Defendant’s failure to defend the matter despite being served all the processes amounts to admission, and urged the court to grant the reliefs sought in the interest of justice.

Delivering judgment, the presiding Judge, Justice Zaynab Bashir held that the defendant has a duty to protect and provide a safe environment for its staff and declared that the Defendant’s negligence contributed to the death of Late Chukwuma.

The Court stated that Mrs Blessing and Mr. Duff have discharged with cogent and reliable evidence to establish the negligence of the firm and the breach of their duty of care to the late Chukwuma in the course of his employment with the firm.

On the claimants’ request for the sum of N500,000,000.00 as general damages, Justice Zaynab ordered the defendant to pay Mrs Blessing and Mr. Duff N2,000,000.00 as general damages and N10, 000,000.00 as special damages.

Visit the judgment portal for full details

Super Eagles To Play Friendly Against Argentina In March

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Super Eagles To Play Friendly Against Argentina In March

Selección Argentina in English @AFASeleccionEN

Next up! 🔜

🇳🇬 Nigeria
🇨🇮 Ivory Coast

Super Eagles to face Messi: Argentina confirms Nigeria friendly for March in China

Tosin Abayomi • 04:05 – 30.01.2024

Argentina confirms Nigeria friendly for March in China as the Super Eagles revive rivalry with Messi.

The next two matches for the Argentina national team will be against the two African countries.

The social media accounts of Argentina made announcements about the games.

The selection of two African teams was motivated by the lack of a formidable European opponent or a location with advantageous logistics.

The Argentine football team will play two African opponents during the friendly window in March when it travels to China, the AFA announced on Monday, following an agreement with a Chinese corporation.

The Albiceleste’s two longtime allies, Nigeria and Ivory Coast, will put them to the test as they get ready to defend their continental crown in the US.

During their tour of China, Argentina will play Nigeria at the Olympics Sports Center stadium in Hangzhou.

Due to their strong leg, African adversaries are frequently physically demanding and Argentina tries to avoid them.

Super Eagles and Argentina history

It will be the tenth high-level match between Nigeria and the Argentine national team, with the latter leading the former in the FIFA rankings at 42.

In particular, their five World Cup meetings have resulted in victories for the Albiceleste (2-1 in 1994, 1-0 in 2002, 1-0 in 2010, 3-2 in 2014, and 2-1 in 2018).

The other win came in a friendly match in 2011 when Argentina won 3-1 in Dhaka, Bangladesh.

The only ever draw was in the King Fahd Cup (0-0) in 1995; the other two losses were in friendlies, with the most recent one occurring in Abuja in 2011 and from 2-4 at Krasonar, Russia, in 2017.

Surulere Fed. Constituency: APC Professionals Council Drums Support For Laguda

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Surulere Fed. Constituency: APC Professionals Council Drums Support For Laguda

Ahead of the Saturday’s bye-election for House of Representatives, Surulere federal constituency of Lagos State, APC Professionals Council has urged the people of the constituency to vote for candidate of APC, Fuad Kayode Laguda, saying he would build on the legacy of the immediate-past representative, Femi Gbajabiamila who was appointed by President Bola Tinubu as Chief of Staff.

The Lagos State vice chairman of the Council, Dayo Decker who led a house to house campaign that has continued in the last two weeks said the campaign is in line with the directive of the National Director General, Dr. Seyi Bamigbade in order to secure victory for APC in the election.

Decker said Dr. Bamigbade is of the firm belief that going by the excellent track record the APC has left in the federal constituency in the last 20 years that Gbajabiamila represented it, it is not in doubt that the people will renew their mandate.

A release by Decker on Tuesday quoted Dr. Bamigbade as saying, “We are not losing sleep in this election. The people know those who have served them right in the past 20 years and those who have no presence in our state.

“We are proud of the legacy left behind by Rt. Hon. Femi Gbajabiamila in the area of infrastructure, human capital development, youth empowerment and many other indices of development.

“Come Saturday they will vote for continuity, they will vote for accelerated development and secured future for their children”.

The Council said a vote for Laguda is a vote for effective health system, education, care for the elderly, good infrastructure and empowerment.

Earlier in his remarks during the house to house campaign, a chieftain of the party in the state, Prince Ademola Adetokunbo Ade-John expressed hope that Surulere residents will come out in their large numbers to vote for APC.

Kebbi Government Approves N27.5 Mill Tuition Fees For 38 Indigenes At Law School

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Kebbi Government Approves N27.5 Mill Tuition Fees For 38 Indigenes At Law School

Governor Nasir Idris has approved the payment of
N27,500,000 as tuition and registration fees of 38
Kebbi State indigenes at the law school.
This was contained in a statement signed by the
Commissioner for Justice, Dr. Junaidu Bello
Marshal and released to journalists in Birnin Kebbi
on Monday.

The statement said 28 Bar Part II students will
receive the sum of N750,000 each, while the Bar
Part I students will get the sum of 650,000 each.
“His Excellency’s approval became necessary when
the management of the Nigerian Law School
increased the fees to N476,000 for Bar Part II and
N353,00 for Bar Part I,” the statement also read.
It added that the students, through the Attorney
General and Commissioner for Justice, Dr Junaidu
Bello Marshall, commended the governor for his
gesture and assured his administration of their
resolve to be good ambassadors of the state.

NNPCL Remitted Zero Allocation To Federation Account In 2022 – CFO

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NNPCL Remitted Zero Allocation To Federation Account In 2022 – CFO

The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar Ajiya, has said.

NNPCL is a major revenue generating agency in Nigeria, operating as the national oil company in charge of the management, sales, etc, of the country’s crude oil and gas, among other key functions.

Ajiya, in a 5.24 minutes video released by the oil major on Sunday, said fuel subsidy stopped the revenue generating firm from remitting taxes and royalties to the Federation Account, as well as halted the company from making profit.

Also, NNPCL, in the documentary, said, “The lingering constraint of fuel subsidy payment hampered its (NNPCL) growth potential, until a new administration emerged, bringing an end to the subsidy regime and saving the company from bankruptcy and setting it on a path of financial prosperity.”

So This Happened (198) reviews the death of 12-year-old Chrisland Student, others
It stated that this enabled the oil firm to grow its profit from N674.1bn in 2021 to N2.54tn by the third quarter of 2022.

President Bola Tinubu declared during his inaugural speech on May 29, 2023, that “subsidy is gone!” The declaration by the President was immediately enforced by NNPCL the next day. NNPCL is Nigeria’s sole importer of PMS.

Reacting to this, Ajiya said, “That action of saying subsidy has gone, literally saved this nation N400bn on average every month. And what that meant was that the totality of the entitlements of tax, royalties and profits were all going into subsidy.

“And that was why we reached a position in 2022 where we literally remitted zero to the Federation Account. It was unpalatable, but we can’t give what we don’t have.

“We were taking NNPC’s cash flows from other operations to augment for products and it could not be sustained beyond June 2023.”

Fuel subsidy gulped over N3.3tn in 2022, as the Federal Government struggled to hold the cost of the product far below its global market price. The cost of the commodity jumped by over 250 percent immediately subsidy was removed by Tinubu.

Ajiya confirmed that the removal of subsidy had made the company start making remittances into the Federation Account.

“We have now begun to pay dividends to the federation. We are also paying our due obligations in terms of taxes and royalties,” he stated.

The company further stated in the documentary that the end to subsidy enabled it to contribute N4.5tn to the Federation Account in nine months.

“For the first time in a long time, NNPC Ltd in 2023 contributed to the Federation Account, accounting for N4.5tn between January and September 2023,” the national oil company stated.

Meanwhile, the Nigerian National Petroleum Company Limited spent an estimated NN2.9tn on wages, entertainment, bank charges, running cost and others between September 2021 and December 2022.

This was contained in the NNPCL’s recently released Audited Financial Statement for 2022.

In the report, the NNPCL Group gulped a total of N1.7tn as its general and administrative charges for the 16 months period, while the company spent a sum of N1.2tn.

According to the report, both NNPCL Group and the company spent a total of N872bn on “other expenses” not clearly specified in the document.

Security expenses by the Group and the company stood at N532bn, while entertainment expenses took N8.35bn.

In the period under review, a sum of N373bn was spent on employee benefit expenses, which include salaries, wages, allowances, pensions and gratuities.

Directors’ expenses gulped N1.2bn, office running costs consumed N1.8bn, while management and facilitation fees took N295m.

It was observed that N1.65bn was expended on donations; audit fees was N2bn as fines & penalties took N45bn.

Other expenses include bank charges, N675m; depreciation of other property, plants and equipment, N67.9bn; depreciation of right of use asset, N1.3bn; advertisement and publicity, N4.9bn; legal and professional fees, N8.3bn; printing and stationery, N57.5bn; rents and rates, N35bn; repairs and maintenance N219.9bn; travelling and transport, N354.2bn; minimum tax and levy, N15.65bn, write-off of property, plant and equipment, N139.8bn; postages and telephone, N3.46bn among others.

The report showed that the NNPCL Group generated a revenue of N8.82tn in 16 months and the company made a sum of N2.9tn from September 2021 to December 2022.

For the NNPCL Group, the profit before income is N1.81tn; income tax credit is N717bn. Profit for the period is N2.52tn, while total comprehensive income for the period is N4.7tn.

As for the NNPCL Company, the profit before income is N1.53tn; income tax credit is N459.7bn. Profit for the period is N1.992tn, while total comprehensive income for the period is N3.77tn.

The NNPCL Group generated N3.53tn revenue from crude oil sales; N.4.51tn from petroleum products sales; N683bn from sales of natural gas N683bn and N100.5bn from services N100.5bn.

“Revenue from crude oil sales is from sales of utilized crude during the period and liftings of equity interest in various oil assets.

“Petroleum products sales include the sale of Premium Motor Spirit, Dual Purpose Kerosene, Automotive Gasoline Oil, Naphtha, lubricants and other related products.

“Sale of natural gas represents the invoice value (transaction price) of natural gas sold to third parties. Revenue from services consists of revenue from seismic contracts, time8 based contracts, gas transmission tariffs, shipping, marine and engineering,” the report explained.

The report disclosed that the NNPCL account was audited by PricewaterhouseCoopers Chartered Accountants, SIAO Partners Chartered Accountants and Muhtari Dangana and Co. Chartered Accountants.

Transfer: South African Club, Chippa United Demand €2 Million For Nwabali

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Transfer: South African Club, Chippa United Demand €2 Million For Nwabali

Transfer: South African club, Chippa United demand €2m for Nwabali

South African club, Chippa United are demanding €2m to sell their Nigerian goalkeeper, Stanley Nwabali, DAILY POSTreports.

Nwabali has been one of the standout performers for Nigeria at the ongoing 2023 Africa Cup of Nations in Cote d’Ivoire.

The 27-year-old has kept three clean sheets in four outings for the Super Eagles in the competition.

The shot stopper has also cut the eye with his impressive displays for Chippa United this season.

Belgian Pro League outfit, Union St Gilloise are reportedly leading the chase for Nwabali.

The former Katsina United goal tender is a major doubt for Nigeria’s AFCON 2023 quarter-final clash with Angola on Friday.

He sustained a knee injury in the Super Eagles Round of 16 victory against perennial rivals, Cameroon last Saturday.

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