2006/05/31 Latest Nigeria news from My9ja.com

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2006/05/31 Latest Nigeria news from My9ja.com

Imo West Demands Nzeribe s Recall

The People of Orlu in Imo West Senatorial District of Imo State yesterday stormed headquarters ofthe Independent National Electoral Commission INEC seeking the recall of Senator Francis Arthur Nzeribe President General Orlu Political Consultative Assembly Chief Samfor Nwankwo who led

Death of 3rd Term Victory nbsp for Democracy US

The United States yesterday lauded the resolution of the National Assembly to jettison the third term debate through constitutional means and described the process as a victory for democracy It said the development would provide a foundation for peaceful

Judiciary Must Be Independent of the Executive

Justice Akintola Olufemi Ejiwunmi who formally retired from the Supreme Court of Nigeria yesterday said the judiciary must be free and independent of the executive Speaking at a valedictory session held in his honour at the Court in Abuja

One Day Not Enough to Solve Ebonyi PDP Crisis

The Ebonyi State chapter of Turaki vanguard a group promoting the presidential aspiration of the Vice President has condemned the one day visit by Peoples Democratic Party PDP reconciliation committee headed by Prof Jerry Gana saying it was impossible to

Ladoja: Court Halts Proceedings

Justice Moshood Abass of an Ibadan High Court yesterday ruled that his court will stay further proceedings in the suit filed by three of the lawmakers loyal to the controversially impeached governor Rashidi Ladoja against the state Acting

FG ll Earn 1bn from Traditional Medicine Exports Obasanjo

President Olusegun Obasanjo has said Nigeria could earn at least 1 billion within the first 10 years of the full implementation of its blue print for the Development Promotion and Commercialisation of traditional medicinal products Speaking in State House while

Y ello Times Promo: MTN Offices Shut Again

For the second time in three weeks the Consumer Protection Council CPC yesterday shut down the Abuja regional headquarters of mobile telecommunications giant MTN Nigeria and threatened to press for the withdrawal of its operating licence if the

Why I Created 21 Dev Councils Egwu

Ebonyi Governor Sam Egwu of Ebonyi State has attributed the creation of 21 development councils by his administration to the past neglect which subjected Ebonyi people to decades of retardation Egwu who announced he would create

British Envoy Hails Gov Muazu

Bauchi The British High Commissioner to Nigeria Mr Richard Gozney has said Bauchi State Government has provided more democracy dividends to its people more than what the South South states put together have done in the last seven

EFCC: Between Perception and Reality

A few days ago the National Assembly opened debate on the amendment to the EFCC Establishment Act A bill seeking to amend the Act to properly define the relationship between the Nigerian Financial Intelligence Unit NFIU and the

Goje Wants Second Term

Gombe Governor Danjuma Goje of Gombe State has declared he would contest the 2007 Governorship election in the state because of his predecessor Alhaji Abubakar Hashidu who is desperate to return to office Goje said at a Press

Agenda 2007: THISDAY Holds Townhall Meeting in Abuja

In a bid to make 2007 election issues driven THISDAY Newspapers will Tuesday June 6 2006 convene a Townhall Meeting on Agenda 2007: From Reforms to Action The Townhall Meeting which will be broadcast live to millions of television

Appeal Court Refuses to Stop Trial

The Court of Appeal Lagos has dismissed an appeal brought before it by the impeached Governor Diepreye Alamieyeseigha of Bayelsa State and seven companies believed to be owned by him praying it to set aside the decision of

Muktar Replaces Gusau as NSA

President Olusegun Obas anjo yesterday began to wind down his administration making major changes that swept the National Security Adviser Lt Gen Aliyu Gusau out of office Also affected by the changes were the Chief of Defence Staff CDS Gen

World No Tobacco Day: New Drug for Cessation Introduced

As the world marks the World No Tobacco Day today Pfizer the multinational pharmaceutical company has announced the introduction of a new drug the first new prescription medication approved in nearly a decade for smoking cessation Elsewhere the Nigerian

Major Cabinet Reshuffle Imminent

Following the changes made in the office of the National Security Adviser and the armed Forces there were indications last night that a major cabinet reshuffle which could see the exit of many ministers may happen next week Presidency

Federal Roads: FG Verifies Lagos State s Bill for Payment

The Federal Government is to refund to Lagos State Government various monies expended on the rehabilitation of federal roads in the state Minister for Works Engineer Obafemi Anibaba disclosed this yesterday during a meeting with contractors consultants and key

US Explains Presence in Gulf of Guinea

The United States Govern ment yesterday explained its presence at the Gulf of Guinea where Nigeria s biggest oil field Bonga Project is located saying the move was to help Nigeria secure the area from terrorists and other maritime criminals Responding

Where Are the President s Friends

News Analysis Yesterday Lt Gen Aliyu Gusau rtd the only man standing amongst the musketeers or Council of Elders that teamed up in 1998 to persuade President Olusegun Obasanjo to run for the office of

Kuta s Allegation Smacks of Dementia Syndrome Ali

Peoples Democratic Party PDP National Chairman Chief Ahmadu Ali yesterday described the allegation by Senator Idris Kuta that he Ali deployed un parliamentary languages against the Senate as quot confabulations quot Ali is being investigated by the Senate Committee on Ethics Code

Ibru: Court Dismisses Bamaiyi s Prayer for Separate Trial

A persistent move by former Chief of Army Staff Lt General Ishaya Bamaiyi 1st accused person in an attempted murder trial of Mr Alex Ibru Publisher The Guardian Newspaper to separate his trial from four other co accused persons

Alamieyeseigha s Health Deteriorates

The embattled former governor of Bayelsa State Chief Diepreye Alamieyeseigha is suffering from hypertensive heart disease coronary artery disease and diabetes mellitus according to a medical report made available to THISDAY in Lagos yesterday The medical report prepared by

2007: Saraki Declares Stand Soon

Governor Bukola Saraki of Kwara State has assured those calling for continuity of his administration beyond 2007 that he would soon make his stand known on the issue In a statewide broadcast to mark the third anniversary of his

Lawmakers Float Presidential Platform

Some members of the House of Representatives yesterday in Abuja unveiled what they said was a platform to build a quot visionary quot candidate to take over from President Olusegun Obasanjo in 2007 In a maiden press conference yesterday in the

Nigeria reshuffles security staff (Financial Times)

Nigeria has reshuffled its most senior security staff in a move seen as partly motivated by political considerations in the run-up to national elections scheduled for next April.

We Never Approached Amodu Iorfa

Chairman of Lobi Stars Football Club Mr Dominic Iorfa has dismissed media reports that the club considered hiring Coach Shaibu Amodu Iorfa who returned from a two week holiday in Europe over the weekend said that the club had never

Ministry Coscharis to Send 10 to China

Table Tennis The Minister of Sports and Coscharis Motors are to sponsor identified table tennis talents to China for training preparing them for the world stage The Minister of Sports Dr Saidu Ismaila Sambawa disclosed this

Oando s Shareholders Query N201m Payment to Ocean and Oil

Shareholders of Oando Plc has asked the company to review its seven percent management services payment to Ocean and Oil Holding Limited The shareholders made this known to the management at the company s 29th annual general meeting AGM held

Nigerian Teams Crumble

Chess Olympiad Nigerian teams at the ongoing World Chess Olympiad flopped yesterday as both male and female teams suffered defeats with the male team especially reduced to rubble at the end of the round of

Yekini Unhappy with Eaglets Screening

Former Super Eagles star striker Rashidi Yekini has warned against having too many players in the camp of the national Under 17 team currently going on at the Liberty Stadium Ibadan quot I have already advised Yemi Tella the chief

Sambawa FA Board Agree to Change National Coaches Scribe

The new peace accord between the Sports Ministry and the Nigeria Football Association NFA was evident yesterday following the latter s acceptance of the need to tinker with the national teams coaching set up Rising from their Board meeting yesterday

OSMI Gets Exclusive Rights

Germany 2006 At the end of the one day stakeholders meeting of Broadcasting Organisations of Nigeria BON OSMI on the transmission of the Germany 2006 World Cup at the instance of the BON Chairman and Director General Voice of Nigeria

NAICOM Replies Critics of N5bn Capitalisation

Insurance The National Insurance Commission NAICOM has replied critics who have been wondering what insurance companies would be doing with capital as high as N2 billion N3 billion and N10 billion for life non life and

Brokers Body Admits New Members

Nigerian Council of Registered Insurance Brokers NCRIB the body of insurance broking professionals has admitted new members into its fold with a warning to charlatans who had for long tainted the reputation of the profession to refrain or

Unic Insurance Ready for Capital Market

The Board and Management of UNIC Insurance Plc a second generation insurance companies in Nigeria has stated its readiness to raise fresh funds from the capital market to enable it scale the recapitalisation hurdle set for insurance companies

After Forgiveness Poor Countries Pile Up Debts Again

Economy A new report by the self auditing arm of the World Bank has painted a grim picture of the results of a decade long plan by the bank and the International Monetary Fund IMF to give

Skye Bank Wins ATM Award

e Banking Skye Bank Plc has once again clinched the most effective and efficient Automated Teller Machines ATMs service provider award The bank received the latest award last Sunday at the Coliseum venue of the one year

I don t know how good he is on them

The Nigerian Stock Exchange NSE has approved a total of 688 389 33 million additional ordinary shares of Diamond Bank Plc as part of the Initial Public Offer having obtained necessary regulatory approval Diamond Bank is one of the 25 banks

Risk Management: CBN Tasks Bank Directors

Banking Deputy Governor Central Bank of Nigeria CBN Financial Sector Surveillance Mr Babatunde Lemo has stressed the need for bank directors to the put in place sound policies and guidelines that would ensure effective monitoring

Inclement Environment Takes Toll on Discount Houses

Economy Financial results of discount houses in Nigeria for the year 2005 2006 may not be as fantastic as it used to be due to the inclement environment in which they operated during the period the

Community Bank Decries Huge Debt Portfolio

MicroFinance Former Chairman of the Federal Electoral Commission FEDECO Justice Victor Ovie Whisky has lamented that money being owed Community Banks by recalcitrant debtors may make it impossible for community banks to meet the new Central

Can Atuche Replicate the Success in Platinum Bank

When the recently concluded banking consolidation exercise which required that all banks in the country raise their capital by1150 per cent from N2 billion to N25 billion equivalent to 200 million before December 2005 kicked off in June

Aiico Insurance Strengthens Ties With AIG

As part of moves to retain its leading position in the Nigerian insurance industry the management of Aiico Insurance Plc the biggest life insurer in the country visited the South Africa based American International Group Incorporated AIG with the

Real Sector Financing: A Cue from Wema Bank

The significance of the sound economic reform policies of the present administration that has to do with privatization of government owned enterprises came to the public domain last Friday when the Nigeria Sugar Company Limited Bacita NISUCO in Kwara

GlaxoSmithKline Re invests N29m Unclaimed Dividend

GlaxoSmithKline Consumer Nigeria Plc GSK has re invested a total of N29 million unclaimed dividend which was lying fallow in its coffers into the company The chairman of the company Chief Olusegun O Osunkeye who released the figure during

Presco Turnover Stagnates LASACO Premium Rises

The turnover of Presco Plc has stagnated at N2 35 billion over a period of two years Audited results of the company for the financial year ended December 31 2005 published and released to capital market operators recently by the

At least 30 die in Nigeria road crash (Syracuse.com)

IBADAN, Nigeria (AP) A truck hauling iron rods lost control and crashed into several roadside buses as passengers were boarding in southwestern Nigeria, killing at least 30 people, police said Tuesday.

At least 30 die in Nigeria road crash (AP via Yahoo! News)

A truck hauling iron rods lost control and crashed into several roadside buses as passengers were boarding in southwestern Nigeria, killing at least 30 people, police said Tuesday.

Nigeria: Britain Interested in Survival of Country's Democracy (AllAfrica.com)

The British High Commissioner to Nigeria, Mr. Richard Gozney has said his country is interested in the success of the 2007 elections, particularly how democracy would be fully entrenched in Nigeria polity.

Nigeria: Nafcon Begins Production March Next Year (AllAfrica.com)

Production of fertilizers at the National Fertilizer Company of Nigeria (NAFCON) is to commence at full blast by March 2007 after a $100 million (N13 billion) refurbishment programme must have been carried out on the nation's ailing fertilizer company.

Nigeria: Corruption: Efcc, Icpc, Sss Have Failed Nigeria - Akinola (AllAfrica.com)

The President of the Christian Association of Nigeria (CAN) and Primate of the Church of Nigeria (Anglican Communion), the Most Rev. Peter Akinola, has said government's anti-corruption agencies (Economic and Financial Crime Commission and the Independent Corrupt Practices and Related Offences Commission), security organizations (State Security Service) as well as the nation's religious and

Nigeria: Ethanol: Marriage Between Petroleum And Agriculture (AllAfrica.com)

The new buzzword in the oil and gas industry in Nigeria is ethanol, a concept that will revolutionalise the industry and which experts say is capable of reducing the country's energy cost by as much as $100 million besides lifting the agricultural sector from the backward state it is now.

United States Salutes Nigeria's Commitment to Democracy (U.S. Department of State)

The United States congratulated the government of Nigeria, President Olusegun Obasanjo and the Nigerian people May 26 on their continued support for democracy promotion in Nigeria by calling for national elections in 2007. "The decision to resolve the third term debate through constitutional means is a victory for democracy and the rule of law and provides a strong foundation for a peaceful and

Osinubi joins SystemSpecs

Koukis for Inlaks seminar