INEC Announces Osun Election Rerun

https://www.pscp.tv/w/bn1MAnR3LTEwMTIwMTAzNTk2MDYxODU5ODV8MU1ueG5abHZBVmt4TxqFLMBrrnzrxJxrIUZVAFIXHLxHE4DQ-AdbkUjqHCx9

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Police Nabbed Man With ‘Fake PVC, Money’ In Osogbo

A man has been arrested at Ward 5, Unit 17 in Ataoja, Osogbo, the Osun State capital, after he was found with an undisclosed amount of money and a fake Permanent Voter Card (PVC).

The Osun governorship rerun election has been characterised by heavy presence of security officials in various polling units.

Dominik Williams, a British High Commission official monitoring the rerun election, said he observed the heavy presence of security agents at Ward 07, Polling Unit 012, Olode in Adererti village, Ife South LGA.

However, despite the heavy presence of security operatives, voters have trooped out en masse to cast their votes at Ward 5, Unit 7 in Ataoja, Osogbo.

Hours earlier, gunshots were heard close to the polling unit.

Osun Election Rerun :This Is ‘Coup’ Not Election Ongoing In Osun – Adeleke

The Governorship candidate of the Peoples Democratic Party in Osun State. SenatorAdemola Adeleke has described the ongoing rerun election in seven units in the state as a ‘coup ‘.

Adeleke, who spoke with our correspondent on the telephone, said that supporters of the PDP were being denied access to ballot papers in the governorship rerun election.

“What is happening in Osun State now is not an election. What we have is a coup. That is what we are witnessing now.

“Our supporters are being harassed and are not allowed to vote at all. Let the whole world know that this is not the democracy, ” he said.

APC Thugs’ Armed With Guns, Cutlasses Invaded Voting Arena And Snatches Ifon Residents’ PVCs

Residents of Ifon town in Orolu Local Government Area of Osun State have lamented the forced collection of their Permanent Voter Cards (PVCs) by thugs said to be loyal to the All Progressives Congress (APC).

According to the residents, the hoodlums came armed with guns and cutlasses, and collected PVCs of residents of the area, an incident that has caused them not to vote in the ongoing Osun governorship rerun election.

One of the residents, who preferred not to be named, told morningstarnaija.com : “They have all collected our PVCs; we can’t vote. They have been shooting at us — the APC thugs.”Please no

Unknown Gunmen Kidnapped 16 Local Miners In Kaduna

Armed men suspected to be from Bogoma village of Birnin Gwari Local Government Area of Kaduna State, have abducted 16 local miners in the region.

DSP Yakubu Sabo, spokesman of the Kaduna State Police Command, confirmed the incident on Wednesday.

The miners were abducted on their way home after they had finished their mining business for the day.

The Kaduna State Police Command described the incident as unfortunate, adding that the command’s anti-kidnapping squad has launched a manhunt for the kidnappers with a view to arresting them and rescuing the miners.

Breaking News: Rigging Alert! Thugs Block PDP Voters From Entering Polling Unit At Kajola

There is a plot to rig the Osun State governorship election in Ward 8 Unit 1, Kajola Village in Orolu Local Government area, Sahara Reporters can authoritatively confirm.

When our correspondent visited the polling unit, members of the community were being screened by some thugs. The residents were asked to tender their PVCs and were asked which party they belonged to. Failure to answer this question meant the residents were sent back, while those who answered that they were for the All Progressives Congress (APC) were a

Upon arrival at the polling unit, Sahara Reporters noticed that the agent of the Peoples Democratic Party (PDP) was absent at the unit, and that voting had already begun with heavy security presence. 

The polling unit in this area is located in a very thick bush, rendering access to the area very difficult.

The secnario in kajola mirrors SaharaReporters’ findings in Disu, also in Orolu Local Government Area of the state, where residents refused to vote until adequate security was provided, following attacks on their farms on Wednesday by thugs they accused of being loyal to the APC.

The residents had alleged that the thugs threatened them against coming out to vote today, stating that if they did so, they would regret it.

They said most of them could not sleep in their homes on Wednesday night, as the safety of their lives could not be guaranteed

Culled from SaharaReporters

Police Nabbed Man Who Threatened To Rape Atiku’s Wife And Bomb His Plane

Nigeria Police Force has paraded one Augustus Akpan, who had threatened to kidnap, rape and kill Atiku Abubakar’s wife and daughter if he fails to discard his presidential ambition.

Augustus, aged 43, had also sent a message to the former vice president, threatening to blow his plane mid-air.

The Police claimed to have retrieved a mobile phone and SIM card from Augustus, which he allegedly used to send the life-threatening message to Atiku and his family. The exhibits were discovered to have been stolen from a lady.

Speaking during the parade of the suspect, Jimoh Moshood, Police Public Relations Officer, stated that Augustus was arrested while attempting to flee to Lagos in a bid to evade arrest.

Moshood also mentioned that the suspect had confessed to having committed the crime.

“During interrogation, he confessed to the crime and admitted that he resorted to the threat and intimidation when all efforts to extort money from the former vice president were unsuccessful.”

According to the Police, Augustus also confessed to having defrauded and extorted many prominent personalities, while posing as a Federal Bureau of Investigation (FBI) and Central Intelligence Agency (CIA) agent.

The suspect, who is fluent in English, Ibibio, Russian and Portuguese languages would be arraigned in court on completion of investigation.

The Threat Text Messages:

i. Text Message to Fmr Vice President, Alh. Atiku Abubakar GCON

Turaki Atiku, we are watching you and your family, we ask you right now to withdraw from the race for Presidency; we will kill, rape your wife and daughters. That your ambitious and black daughter Maryam who worked at CBN and left because we were going to mess her up. We will molest, rape, deform her and kill her. Your daughter Fatimah the former Commissioner of Health in Adamawa State, we have a lot of information about her. Also pictures of her naked body, we will mess your overly prostitute wife Jennifer up. We have a lot about. Let Buhari run against your against your PDP members. We know that you are bigger than all those candidates in PDP. That is why we need you to step down. We will blow your plane off from the sky and we will poison you and your family. Atiku Abubakar, take our words for granted and watch what will happen to your family before you. You are going to see what we will do to you and your family. We know where and where your children travel to. We have watched your daughter who is a strong supporter of her father (your daughter Maryam) at number 5, Buzi close and number 5, Lake Maracaibo close”.

ii. Text Message to Wife of former Vice-President Atiku Abubakar GCON

Jennifer. Tell your husband to step down. We will blow up his plane and kill all of you his family. We will rape you and all his daughters and also kill all of you out there. Do not underestimate us. We know your office at 13 Danube Street Maitama. We will blow up the place and rape all your stepdaughters that we know you don’t like already. Tell him to step down now and forget about running for the presidency’’

iii. Text Message to Daughter of former Vice-President Atiku Abubakar GCON, Rukaiya Atiku

Tell your dad to step down. He should forget about the Presidency. If he refuses, we will blow up his plane the Gulf Stream from the sky and also rape you and kill off his daughters. No amount of Police or protection will stop us. We know where all of you live in. We know number 5 Buzi close and number 5, Lake Maracaibo close. Try us and blood shall spread.

Culled from SaharaReporters

Power Supply Declines At 3,761MW, Sector Loses N381bn

Nigeria’s power sector has struggled to sustain an average daily supply of 3,761 megawatts (MW) within the first nine months of 2018, according to a performance trend data obtained from the office of the Vice President, Prof. Yemi Osinbajo.

The power sector also lost N381 billion during the period under review as a result of high frequency resulting from unavailability of distribution infrastructure, poor gas supplies to generation companies, and water management constraints were the major challenges of the sector.

The data obtained by THISDAY revealed that after the sector achieved a peak power generation of 5,222MW on December 18, 2017, it managed to generate and supply up to 4000MW for only 72 out of the 263 days of 2018.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and electricity distribution companies (Discos) through their umbrella association – the Association of Electricity Distributors of Nigeria (ANED) have persistently disagreed on Nigeria’s power generation and distribution figures.

Fashola has insisted that the Muhammadu Buhari-led administration has been making steady progress in electricity generation and distribution.

The minister in August during a retreat of the ministry in Cross River State, stated that power distribution had risen to 5,222MW. He also said it was an all-time national high.

However, THISDAY’s summation of the production and supply figures in the power supply trend, showed that the highest generation and supply mark attained so far in 2018 was 4419.6MW achieved on March 28.

It was further discovered that on the average, the sector could not supply up to 2,914MW of electricity to homes and offices in the country due to these constraints. Equally, under the period under consideration, the market had not earned a whooping sum of N381.798 billion due to the various operational constraints it encountered.

According to it, in January, the sector managed to produce and supply an average of 3697MW daily; in February, it did 3937MW; in March, it supplied 4029MW; as well as 3985MW in April.

Continuing, in May, 3,780MW was the average daily energy level the sector could afford to produce and supply, while 3588MW was produced averagely in June. For July, it was 3619MW; 3660MW in August, and then 3,486MW so far in September which has about seven days left to come to an end.

For the unearned revenue, January accounted for N40.419 billion; February was N35.522 billion; March was N36.399 billion; April was N33.175 billion; while June had N48.759 billion. The month of July saw the sector failing to earn N50.082 billion, while August saw it lose the most as N59.976 billion could not be earned. So far in September, it has lost N36.439 billion.

The trend report also indicated that for the period, a total of 182,741 metric million standard cubic feet (mmscuf) of gas was supplied to power generation plants in the sector, thus indicating an average of 20,304 million standard cubic feet per day per month and 654.985mmscf/d.

On the average, the data also showed that four power plants were shutdown mostly on account of gas constraint.

Notwithstanding, a daily operational report of the sector’s performance showed that for instance that on September 21, which is the most recent of its daily reports, average energy sent out was 3,710MW up by 613.5MW from what was delivered the previous day.

It also stated that 1,452.2MW was not generated due to unavailability of gas, while 2,350.3MW was not generated due to high frequency resulting from unavailability of distribution infrastructure.

The power sector, it explained lost an estimated N1.825 billion on September 21, due to insufficient gas supply, distribution infrastructure and transmission infrastructure, just as its dominant constraint for the period remained high frequency resulting from unavailability of distribution infrastructure

Rohr, Super Eagles Prefers Akpabio International Stadium Over ABS Kaduna

Super Eagles coach Gernot Rohrer  has advised the Nigerian Federation to move the venue of the 2019 Africa Cup of Nations qualifier against Libya from the Ahmadu Bello Stadium in Kaduna.

 

AFP PHOTO / Contrary to reports in the local media, the Nigerian Federation have not yet changed the venue of the AFCON qualifier to the Godswill Akpabio International Stadium, but Rohr expressed his concerns about the Ahmadu Bello Stadium when he met with the leadership of the Nigerian Federation during The Best FIFA Football Awards 2018 in London on Monday, September 24. Rohr inspected the ABS last month and told Pinnick and his lieutenants that the field he inspected was too small, not up to standard and his players would not be comfortable playing on the turf. Rohr told his employers that he expects the Libyan team to be very defensive when they face the Super Eagles on October 12, pointing out that South Africa were forced to a goalless draw because the North Africans were too defensive conscious.

 

He added that it would be very difficult for the Super Eagles to get a win on the small Kaduna pitch, and that he would have loved the game to be played in Uyo, where the pitch is bigger and the defensive Libyans can be opened up.

Delta Assembly Suspends Former Speaker Over Embezzlement

Delta State House of Assembly has slammed its former speaker, Monday Igbuya, with three months suspension over alleged financial embezzlement while in office.

During plenary in May 2017, 22 out of the 29 members of the Delta State House of Assembly voted to impeach the speaker, Monday Igbuya and immediately replaced him with the member representing Okpe constituency, Sheriff Oborevwori.

Six months after his impeachment, a committee which was set up during its executive session in October 2017 submitted its report in February 2018.

The motion for the former speaker’s three months suspension under matters of urgent public importance was moved by the House Majority Leader, Tim Owhefere, seconded by member representing Ughelli South, Rueben Izeze and was unanimously adopted by the house during its Thursday plenary presided over by the Speaker, Sheriff Oborevwori.

Owhefere said: “You will recall that in our executive session held on Tuesday, October 17, 2017, a committee was set up to look into issues relating to financial recklessness on the part of the immediate past speaker and member representing Sapele state constituency, Rt. Hon. Monday Igbuya. Mr Speaker, the committee did submit its preliminary report to the executive session on the 27th day of February 2018.

“Consequently, Mr Speaker, I move that this House sets up another committee to review the preliminary report of the committee earlier set up and the member representing Sapele State constituency, Rt. Hon. Monday Igbuya be suspended for a period of three months to enable the new committee carry out unfettered investigation devoid of any interference.”

At this junction, the speaker, Sheriff Oborevwori announced the constitution of a three-man ad hoc committee headed by the Deputy Majority Leader and member representing Bomadi constituency, Oboro Preyor, while the member representing Ndokwa West constituency, Azuka Azaka and the member representing, Ughelli South constituency, Rueben Izeze are members.

The House however said Igbuya’s ksuspension was to enable the ad hoc committee carry out its assignment without interference.

The new three-man adhoc committee is to review a plenary report of an earlier committee set up by the house to investigate the matter and report back to the house with its report on October 9, 2018.

Meanwhile, a few weeks ago, the impeached Speaker, Monday Igbuya, dumped the Peoples Democratic Party (PDP), for the All Progressives Congress, (APC), where he is currently vying for the Sapele, Okpe and Uvwie federal constituency in the forthcoming 2019 House of Representatives election

Culled from SaharaReporters

Defunct Skye Bank Directors Under Investigation, Says NDIC

The  revocation of Skye Bank Plc licence by the Central Bank of Nigeria (CBN), the former chairman and another director of the defunct bank, Mr. Tunde Ayeni and Dr. Festus Fadeyi are currently under investigation.

This is coming as the Central Bank of Nigeria (CBN) has signed a Memorandum of Understanding (MoU) with other African countries where Nigerian banks are located to protect host countries.

The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Umaru Ibrahim, disclosed this on the sidelines of the International Association of Deposit Insurers (IADI) Africa Regional Committee(ARC) workshop in Lagos wedbesday.

The heavy borrowings by Ayeni and Fadeyi are largely linked to the insolvency of the defunct Skye Bank, which led to its being taken over by the CBN two years ago. Its licence was, however, revoked last Friday while its assets and liabilities were taken over by a bridge bank called Polaris Bank Limited. Records from the last financial results showed that Ayeni, and Fadeyi, had borrowed heavily from the bank. Ayeni and his partners were alleged to have taken loans to fund their acquisitions of the Ibadan and Yola Electricity Distribution Companies; NITEL/M-Tel; and an energy services firm, Ascot Offshore Nigeria Limited.

Also, Fadeyi, through Pan Ocean, took loans to fund the firm’s oil and gas upstream projects which were considered as one of the major non-performing loans amongst others.

On the board members who were responsible for the bank’s downfall, Umaru said: “They are being investigated and I can assure you that when the time comes, the necessary security and law enforcement agencies would do their work.”

He also said that on recent developments around cross border collaboration, the CBN had signed a Memorandum of Understanding (MoU) with other African countries where Nigerian banks are located to protect host countries.

Umaru said: “ There are many Nigerian banks that are operating in other parts of Africa and other parts of the world and that calls for collaboration and at various jurisdictions. CBN for instance has signed MoUs with the bank of Ghana, Sierra Leone and wherever our banks are so that in case of failure of a branch of a Nigerian bank a particular country outside Nigeria there can be a collaboration so as to ensure that the depositors of those host countries do not suffer.”

In his presentation at the forum the NDIC boss said:“The fabric of the global financial stability is constantly being threatened by one form of crisis or the other. The potential threats in recent times and currently, include monetary policy normalisation in some notable economies which may result into sharp volatility and disruptions in financial markets; another issue is the partial dis-intermediation of the banking system arising from proliferation of digital currency, such as Bitcoin, as well as the activities of FinTech in general.”

“The latter has the tendency to jeopardise the efficacy of safety-net arrangement and prudential roles of the traditional banking system, such that this function becomes available to a smaller segment of the banking system. Growing risk of protectionism and ongoing trade wars between the United States and the rest-of-the-world China, North America, and Europe could degenerate, with negative implications for the global financial system stability. Rising exposure of emerging market to reversal of foreign portfolio inflows and US Dollar appreciation also constitute risks to the global Financial system stability.”

“The aforementioned issues present potent downside risks to achieving financial stability and precursors to redesigning broad-based financial systems’ policies. How prepared are we as regulators and supervisors in managing a systemic financial crisis should they occur. Increasing financial inter-connectedness has shown that banking crisis can have contagion effects. A system-wide approach to crisis management, involving collaborative efforts of financial safety-net participants and regional deposit insurance systems is therefore imperative. I am optimistic that at the end of this Workshop, strategies for system-wide crisis preparedness and resolution options in promoting financial stability in the region would emerge..”

According to him, the NDIC as one of the resolution authorities in Nigeria, has adopted different resolution mechanisms in resolving the failure of distressed deposit-taking financial institutions in the country.

“The failure resolution mechanisms used by the corporation include: deposit pay-out; purchase and assumption; open bank assistance; assisted mergers; and bridge bank. Through these failure resolution mechanisms, the NDIC had so far closed 52 deposit money banks (DMBs), out of which 49 are currently in liquidation while the remaining are involved in litigations challenging the revocation of their licence by the CBN. In the case of other deposit-taking financial institutions, a total of 187 microfinance banks (MFBs) and 42 primary mortgage banks (PMBs) are currently in liquidation,” he said.

Culled from SaharaReporters

CBN Withdraws Licences Of 182 Financial Institutions

The Central Bank of Nigeria(CBN) has revoked the operational licences of 182 other financial institutions (OFIs) across the country.

In a notice of revocation of licences of 182 OFIs obtained from its website, the apex banks lists the financial institutions to include 154 microfinance banks, 22 finance companies and six primary mortgage banks.

Giving reasons for the exercise, CBN explained that 62 of the MfBs 79  of them failed to recapitalise, eight were on voluntary liquidation and only one was insolvent.

Culled from Daily Times

The Social Democratic Party (SDP) Has Distanced Itself From The Coalition That Iyiola Omisore With APC

The Social Democratic Party (SDP) has distanced itself from the coalition that Iyiola Omisore, its candidate in the Osun State governorship election, entered with the All Progressives Congress (APC) ahead of Thursday’s rerun.

In a terse statement issued by its National Publicity Secretary, Alhaji Alfa Mohammed, SDP said it was not part of the conclusions reached Omisore and the APC.

“The Social Democratic Party (SDP) would like to make it categorically clear that the National Leadership of the party was not part of the recent developments involving our party’s gubernatorial candidate, Senator Iyiola Omisore of Osun State, and the conclusions arrived at,” read the statement.

“We remain irrevocably committed to serving the Nigerian people on the basis of the vision, principles and goals of social democracy which underlie the philosophy of our great party, the SDP.”

Earlier on Wednesday, Omisore had announced his readiness to work with the APC ahead of the rerun, saying the decision was made “after due consultations with the party leadership and members in all the 30 local government areas of Osun State”.
He said APC had agreed to adopt SDP’s manifestos in “forming a coalition government with SDP in Osun State”.