₦airaland Forum

The Nigerian National
Petroleum Corporation on
Tuesday said it released 300
trucks of petrol to Lagos and
170 to Abuja, to stem long
queues at filling stations.
NNPC Spokesman, Ndu
Ughamadu, announced the
release in a statement in
Abuja.
This followed the call-off of the
strike by the Petroleum and
Natural Gas Senior Staff
Association of Nigeria over
labour disputes with NECONDE
Energy Services Ltd.
According to Ughamadu, the
corporation has 21 days
sufficiency of petrol, which
translates into 750 million
litres of the product.
“NNPC has also increased the
supplies of petrol to cities
across the country, with Abuja
receiving additional 100
trucks of petrol from its
normal 70 trucks daily supply.
“Lagos is being supplied 300
trucks of petrol daily,’’ he said.
He explained that supplies
from the Port Harcourt and
Kaduna refineries boosted the
petrol stock.
“With the call-off of the
warning strike by PENGASSAN
yesterday, NNPC wishes to
assure motorists that
normalcy would soon be
restored in all parts of the
country.
“NNPC enjoins motorists and
other consumers of petroleum
products to desist from panic
buying.
“We also warn marketers not
to engage in hoarding as
defaulters will be prosecuted,’’
Ughamadu said.
NAN

Source: http://punchng.com/fuel-scarcity-nnpc-releases-470-trucks-of-petrol-to-lagos-abuja/

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Everyone knows Yinka Ayefele
became famous after he
survived an accident that
almost ended his life on
December 12, 1997. What
most people don’t know is
that doctors had concluded
that he would never be able to
perform sexually again.
Celebrating 20 years after the
nightmarish accident, Ayefele
told Sunday Scoop that on the
day he first had an erection
while he was in hospital,
everyone became ecstatic.
He said, “After the accident,
everyone jubilated when I had
an erection one afternoon. I
was wondering why they
were rejoicing and they told
me the doctors said I would
not be able to have an
erection again. They had
reached the conclusion
without my knowledge.”
He admitted that life would
have become meaningless had
he not regained the ability to
have an erection.
But even in the midst of the
trouble, he never reasoned
that his girlfriend, who later
became his wife, would
forsake him.
He reacted, “She didn’t leave
me when I was hospitalised,
so why would she leave me
afterwards? When things
were bad, she was with me all
through. We got married after
the accident and we are
blessed with four boys.”
He stressed that he had
stopped bothering himself
about people who still believe
the accident might have
rendered him impotent even
though he confessed that in
the past, such things bothered
him.
He recalled, “I can still
remember my response to a
journalist who wanted to be
sure I could impregnate a
woman. I told him to bring his
sister if he wanted a
confirmation. It used to be
embarrassing when people
questioned my sexual ability.
“Even if I am unable to make
love to a woman, should that
make them happy? Even if my
wife and I opted for IVF, is it
something they should gloat
about?”
20 years after, Ayefele still feels
pains and said he has decided
to stop taking pills because he
fears that it may affect his
kidney or liver.
He explained further, “I am still
feeling pains; I am always in
pain every day. Pills cannot
even stop the pains and I am
conscious of what I take in,
but I thank God I have been
able to cope. I give thanks to
God for sparing my life.
“I personally thought I would
die, but my parents and loved
ones encouraged me to stay
alive. They felt bad, but they
didn’t want to lose me. My
father was alive then, but I lost
him two years ago. He was so
supportive all through the
trying times.”
Recalling the circumstances
that confined him to the
wheelchair, he said, “I was on
my way to Abeokuta, but I lost
control of the car because it
rained heavily that day. The car
fell into a deep pit. I was taken
to a nearby hospital, but they
couldn’t handle my case
because I was vomiting blood.
I was taken to another
hospital where it was
discovered that I had a spinal
cord injury.
“I was then transferred to the
University College Hospital,
Ibadan, where I stayed for
almost a year before I was
discharged. Much later, I
raised funds and travelled to
the United Kingdom, for
specialised treatment.”

Source: http://punchng.com/everyone-jubilated-day-i-had-an-erection-on-sickbed-yinka-ayefele/

The Petroleum and Natural Gas Senior Staff Association of Nigeria on Saturday insisted that its planned industrial action will commence on Monday.

The group however, noted that it was ready to discuss with the government and other concerned organisations on the strike.

According to PENGASSAN, nothing has changed since it issued a statement to announce that its meeting with the Federal Government to avert the strike ended in a stalemate.


This is coming as the Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation, Ndu Ughamadu, told our correspondent that the Group Managing Director of the NNPC, Maikanti Baru, has been meeting with the unions in the oil sector to ensure stability in the industry.

Ughamadu was optimistic that the NNPC would be able to persuade the association to rescind its decision to embark on strike by Monday, as the planned industrial action had led to panic buying in Abuja.


He said long queues of motorists had been noticed at the few filling stations that dispensed petrol on Saturday.

PENGASSAN on Friday announced that it would embark on an indefinite strike on Monday, following a stalemate in the peace meeting which the Minister of State for Petroleum Resources, Ibe Kachikwu, brokered between the union and Neconde Energy Limited.



The oil union and Neconde had been embroiled in crisis over allegation of anti-worker practices.

The union alleged that the management of Neconde wrongly terminated the employment of some of its workers, and threatened to go on strike if the sacked workers were not recalled within 72 hours.

The issue made the government to initiate a meeting between the two parties in Abuja last week, but the meeting ended in a deadlock.


When asked if the union would halt the strike should the government meet with its officials on the matter, the Public Relations Officer, PENGASSAN, Fortune Obi replied, “One thing you should know is that at PENGASSAN, we are a body of professionals and we are open to discussion at all times because we believe in dialogue. We keep our doors open for effective discussions and that has been our style.”

Meanwhile, many motorists queued for petrol on Saturday, as some users of the commodity said they were stockpiling fuel in order to have enough should PENGASSAN embark on strike on Monday.

Source: http://punchng.com/pengassan-insists-on-nationwide-strike-monday/

Happy Birthday SAI BABA

Tinubu made the declaration during a mega rally at the ancient Mapo Hall, while receiving former Gov. Adebayo Alao-Akala, former Senate Leader, Teslim Folarin and hosts of others into the APC.

Among the defectors are Sen. Brimoh Yusuf, Chief Ayodele Adigun, Hon. Asimiyu Alarape, Hon. Dokun Odebunmi, Hon Ademola Ojo, Chief (Mrs) Olanrewaju Otiti, Mr Rauf Olaniyan and Funke Adesiyan.


The News Agency of Nigeria reports that the APC National Leader was joined by Governor Abiola Ajimobi, Governor Rauf Aregbesola, Governor Rotimi Akeredolu, to receive the defectors.

NAN also reports that the event coincided with the 68th birthday of Ajimobi.

“Today is very important because of the governor’s birthday. I really thank God for my friend, Alao-Akala and others for joining the APC.


“I also thank God for Folarin and Amb. Taofeek Arapaja too. This APC house is great for all of us. I am confident that today’s massive defection into the APC has finished opposition parties in Oyo State.

“We are happy to have you in and we are proud of our party,’’ he said.

The former Lagos State governor said that the APC was the only progressive party in Nigeria and Africa, urging the people to vote APC in the 2019 election.



Ajimobi said that Alao-Akala and other defectors were the few good, intelligent and weighty people in the opposition parties across the state.

“The defection of Alao-Akala and others to the APC is a clear pointer that opposition parties in the state were finished,’’ he said.

Aregbesola and Akeredolu appreciated the massive turnout at the rally, saying they are proud of Ibadan and its people for embracing the APC massively.

(NAN)

Source: http://punchng.com/opposition-dead-in-oyo-state-says-tinubu/

Former President Goodluck
Ebele Jonathan, has
congratulated President
Muhammadu Buhari on his
75th birthday.
In a statement issued by his
Media Adviser, Mr. Ikechukwu
Eze, in Abuja, on Saturday, the
ex-President described Buhari
as a statesman whose rare
experience of leading Nigeria
at different times, has earned
him a special place in history.
The statement read, “I wish to
most sincerely congratulate
you on your 75th birthday. My
family and I are pleased to join
your numerous well wishers
to felicitate with you as you
mark this day.
“Your Excellency, you are a
statesman whose place in
history as Nigeria’s leader, at
different epochs in our
nation’s development
journey, is guaranteed.
“I pray that God Almighty that
has kept you alive and healthy
will continue to protect and
strengthen you as you lend
your efforts to the
bid to realize our collective
dreams for a greater and
more prosperous nation.
“Congratulations!”

source: http://punchng.com/jonathan-hails-buhari-at-75-describes-president-as-rare-statesman/

Former President Goodluck
Ebele Jonathan, has
congratulated President
Muhammadu Buhari on his
75th birthday.
In a statement issued by his
Media Adviser, Mr. Ikechukwu
Eze, in Abuja, on Saturday, the
ex-President described Buhari
as a statesman whose rare
experience of leading Nigeria
at different times, has earned
him a special place in history.
The statement read, “I wish to
most sincerely congratulate
you on your 75th birthday. My
family and I are pleased to join
your numerous well wishers
to felicitate with you as you
mark this day.
“Your Excellency, you are a
statesman whose place in
history as Nigeria’s leader, at
different epochs in our
nation’s development
journey, is guaranteed.
“I pray that God Almighty that
has kept you alive and healthy
will continue to protect and
strengthen you as you lend
your efforts to the
bid to realize our collective
dreams for a greater and
more prosperous nation.
“Congratulations!”

source: http://punchng.com/jonathan-hails-buhari-at-75-describes-president-as-rare-statesman/

cc: seun, mynd44

.

The Ibadan mogajis (family
heads), under the aegis of
Council of Authentic Ibadan
Mogajis, have issued seven day
ultimatum to the 21 kings
installed by the Oyo State
Governor, Abiola Ajimobi, to
withdraw their threat to
recommend Olubadan of
Ibadan land, Oba Saliu
Adetunji, for removal or face
the wrath of Ibadan people.
The 21 kings, who were on
August 27, 2017 installed by
the governor, had on Monday
given a 21-day ultimatum to
the monarch to be of good
conduct or risk being removed
from the throne.
At a press conference
addressed by the 21 kings at
Mapo Hall, Ibadan, the Oyo
State capital, leader of the
group, Oba Lekan Balogun,
who is also the Otun Olubadan
of Ibadan land, accused the
monarch of taking unilateral
decisions on behalf of the
‘Olubadan-Kings-in-Council’
and inciting the people
against the state government.
At the end of a meeting held
by the Ibadan mogajis on
Thursday, eight of the 21
kings, who are high chiefs in
Ibadan, were urged to stop
parading themselves as
Ibadan kings in order to avoid
anarchy in the city. The
mogajis also called on
President Muhammadu Buhari
and Governor Ajimobi to stop
the 21 kings from
disrespecting the Olubadan,
whom they described as
peace loving monarch.
Among those who were at the
meeting were Mogaji Oloko
compound, Chief Abass Oloko;
Mogaji Adanla compound,
Chief Abduljelyl Karheem;
Mogaji Akere compound, Chief
Moshud Gbolagade; Mogaji
Omilabu compound, Chief
Waheed Kosoko; Mogaji
Olasomi compound, Chief
Ademola Oladosu; and Mogaji
Akinsola compound in Oopo
Labiran area of, Chief Wale
Oladoja.
Spokesman for the group,
Chief Oladoja, said the family
heads decided to speak out on
the threat to the Olubadan by
the new kings in order to
avert disintegration of the
Ibadan chieftaincy customs
and tradition.
Source: http://punchng.com/olubadan-mogajis-issue-seven-day-ultimatum-to-ibadan-kings/

The Osun State House of Assembly has issued a warrant of arrest against the immediate past Commissioner for Lands, Physical Planning and Urban Development in the state, Mr. Muyiwa Ige, for his alleged refusal to honour the lawmakers’ invitation. Muyiwa is a son of a former governor of the old Oyo State, the late Chief Bola Ige. The assembly is investigating a land matter at Ilobu and the former commissioner was invited to appear before the lawmakers. The report of the warrant was aired on the Osun State Broadcasting Corporation on Wednesday and a member of the House of Assembly confirmed the development to our correspondent on the telephone. The lawmaker, who pleaded anonymity, said Ige was invited through a radio announcement on Tuesday and was asked to appear before the house. The lawmaker said Ige was not the only invited person who did not honour the invitation, adding that a former permanent secretary of the ministry was also summoned but the PS called to notify the assembly that he would not be able to come on Wednesday. He said, “It is true but the invitation was aired on OSBC on Tuesday and if he (Ige) was not in the state, he might not have heard that he was invited.” “The PS also did not come but he called to notify us that he would not be available today (Wednesday). We didn’t receive any call from Muyiwa until evening time when he called and told us that he was not aware of the invitation. He was not even accused of stealing anything so, I think he would come on Monday or so.” When contacted, Ige told our correspondent on the telephone that he was not aware of the invitation. The former commissioner, who was furious about the warrant of arrest, said he was in the state on Tuesday but he did not hear the announcement. He said, “I just heard the same way you heard it. Nobody invited me. I was even in Osun State till 7pm on Tuesday.”
Source: http://punchng.com/osun-assembly-orders-arrest-of-iges-son/

King of afro-dancehall, Timaya,
may become the first Nigerian-based act to win Grammy award, haven bagged a Grammy Nomination for featuring on Morgan Heritage’s
album “Avrakedabra”.
The first Nigerian, though not based in Nigeria, who won an
award at the Grammy was Cynthia Erivo, a singer and actress born in London to
Nigerian immigrants.
Cynthia had won a Grammy for Best Musical Theatre Album for the cast recording of the
musical The Color Purple in 2016.
However, Timaya who featured
alongside Ghanaian Afro-pop singer, Stonebwoy, Chubb
Rock, Stylo G, Bunji Garlin, Dre Zion & Jaheil on Morgan
Heritage’s ''Avrekedabra” may
become the first Nigerian-based act to win the award if the album wins the category at the 60 Grammy Awards which will air live from the Madison Square Gardens on
January 28, 2018.
Morgan Heritage is a reggae band formed in 1994 by five
children of reggae artiste, Denroy Morgan. The band
comprises Peter “Peetah” Morgan, Una Morgan, Roy “Gramps” Morgan, Nakhamyah “Lukes” Morgan, and Memmalatel “Mr. Mojo” Morgan.
“Avrekedabra” was nominated for the Best Reggae Album
award and will slug it out with “Chronology” by Chronixx,
“Lost in Paradise” by Common Kings, “Wash House Ting” by JBoog and “Stony Hill” by Damian “Jr. Gong” Marley.
Wizkid and Kah-Lo also got to the nomination in 1016 but failed to win any award.

Source: https://www.vanguardngr.com/2017/12/timaya-may-become-first-nigerian-based-act-win-grammy-award-bags-nomination/

Troops of the Nigerian Army on Wednesday repelled a violent attack by the Boko Haram
insurgents at Mainok
community in Kaga Local Government area of Borno.
The troops engaged the insurgents in gun battle at Mainok, about 73 kilometres
drive from Maiduguri.
Mainok is one of the liberated communities rehabilitated by
the government.
The town recorded high number of returnees due the
relative peace in the area.
The troops, according to witnesses, killed about 10 insurgents and wounded others when they tried to
infiltrate a military unit in the town.
Alhaji Lawal Wasaram, a former
chairman of the council, confirmed the incident to NAN.
Wasaram said that the incident occurred at about 6:00 p.m.
when a group of insurgents, moving on two trucks and
motorcycles, tried to infiltrate the town from a nearby bush.
He said that troops deployed to the area intercepted and killed
about 10 of them while many were wounded in gun duel.
Wasaram added that the troops also destroyed the
insurgents’ vehicles, a situation which prevented them from
attacking the town.
“The gallant troops successfully repelled the insurgent and
protected the town from attack.
“It is difficult to ascertain the causalities; about 10
insurgents were killed and several others wounded in the failed attempt to attack Mainok,” he said, he added that the locals and soldiers were currently
celebrating victory in the town.
The military authorities are yet
to comment on the incident.

Source: https://www.vanguardngr.com/2017/12/troops-repel-boko-haram-attack-borno-community/

Ade Adesomoju, Abuja
The Court of Appeal in
Abuja on Tuesday dismissed
15 out of the 18 counts of
false assets declaration
instituted against the Senate
President, Dr. Bukola Saraki,
before the Code of Conduct
Tribunal.
The three-man panel of the
Court of Appeal led by Justice
Tinuade Akomolafe-Wilson
unanimously ordered the
Senate President to return to
the CCT to face trial on three of
the counts.
Details later…

Source: http://punchng.com/breaking-appeal-court-orders-saraki-to-face-trial-on-three-charges/

We are with u Prof.

How did u know?

I stand with u guys.......they shud be investigated

cc FOD

Source: https://www.vanguardngr.com/2017/12/cost-funds-nosedives-cbn-halts-liquidity-mop-operations/

COST of funds in the interbank
money market fell sharply last
week, as the Central Bank of
Nigeria (CBN), for the first time
this year, suspended its weekly
liquidity mop-up operations
signalling relaxation of its tight
money policy. Average short
term interest rates nose-dived
by 2, 174 basis points (bpts),
while interest rate on
Collateralised lending fell by
2,066 bpts.
Since the beginning of the
year, the CBN had been issuing
secondary market treasury bills
(TBs) also known as Open
Market Operations (OMO) bills
to mop-up excess liquidity in
the interbank money market.
Aside the regular OMO TBs
which are issued based on a
quarterly issuance calendar,
the apex bank also issues
special OMO bills worth N100
billion occassionally, especially
in anticipation of huge inflow
of funds into the market.
The Central Bank of Nigeria,
CBN, headquaters, Abuja
However, contrary to
expectation and in spite of
N110 billion inflow from
matured TBs, and expected
inflow from the N532.8 billion
statutory allocation disbursed
by the Federal Allocation
Accounts Committee (FAAC), the
CBN did not issue any OMO TBs
last week.
This move, which was
described by analysts at Lagos
based Afrinvest Plc, as
‘unprecedented’, fuels
anticipation of expansionary
monetary policy stance as
indicated by the CBN Governor,
Mr. Godwin Emefiele, in his
keynote address at the annual
Bankers Nite of the Chartered
Institute of Bankers (CIBN) in
Lagos, last month.
Emefiele had stated: “Monetary
policy stance could change
when the underlying
fundamentals become
supportive. If the pace of
disinûation becomes adequate
and we see inûation at
predicted levels, I am very
optimistic that MPC may begin
to see strong justification for
an easing of monetary policy,
which may further accelerate
the recovery process.”
With no OMO bills issued to
mop-up liquidity, interbank
money market liquidity, which
had dropped to deficit of
N92.8 billion on Tuesday from
surplus of N183.9 billion the
previous week due to outflow
for dollar purchase, revived to
N78 billion surplus at the close
of last week.
As a result, cost of funds in the
interbank money market,
which closed the previous
week in double digits, fell
sharply, with average short
term interest rates falling by 2,
174 basis points (bpts).
Data from the Financial Market
Dealers Quote showed that
interest rate on Collateralised
lending fell by 2,066 bpts to
5.17 percent from 25.83
percent the previous week.
Similarly, interest rate on
Overnight lending dropped by
2,283 to 6.25 percent from
29.08 percent.
However, analysts were
uncertain if this trend will
persist this week. While the
market expects inflow of
N218.1 billion from maturing
TBs and the statutory
allocation funds, the impact on
cost of funds will be
moderated as the CBN is
expected to roll-over the
maturing TBs while the Debt
Management Office (DMO) will
also issue N100 billion worth
of FGN Bonds.
Investors inject $3bn in I&E in
4 weeks
Financial Vanguard
investigations revealed that
investors have injected $3
billion into the Investors and
Exporters (I&E) window in the
four weeks reflecting soaring
confidence in the seven
months window.
Analysis of daily transaction
volume in the window from
Monday, November 13 to last
week Friday, shows increase in
weekly volumes of dollars
traded. From $674.3 million
dollars in the week ending
Friday November 17, the
dollars traded rose to $727.9
million for the week ending
November 24, indicating
increase of 7.9 percent. For the
week ending November 30, the
volume of dollars traded rose
further by 4.3percent to $759.2
million and further by 18.6
percent to $900.5 million for
last week.
The upsurge in dollar inflow,
however, did not impact
positively on the naira, as it
depreciated by one kobo
against the dollar within the
four week period. According to
the FMDA, the indicative
exchange rate of the naira for
the window rose to N360.41
per dollar last week Friday
from N360.4 per dollar on
Friday November 10.
However the naira appreciated
in the window last week by 24
kobo, as the indicative
exchange rate dropped from
N360.65 the previous week to
N360.41 last week.
Meanwhile, the CBN sustained
its weekly intervention in
interbank foreign exchange
market by injecting N210
million on Tuesday.
Announcing the injection in a
statement, Acting Director
Corporate Communications
Department, CBN, Mr. Isaac
Okoroafor, said: “The sum of
$100million was offered to the
wholesale segment, while the
Small and Medium Enterprises
(SMEs) segment got an
allocation of $55 million. The
invisibles segment (i.e. tuition
fees, medical payments and
Basic Travel Allowance (BTA),
among others) was also
allocated $55 million.”

Source: http://punchng.com/slavery-nigerian-victims-cant-sue-libya-says-falana/

A human rights lawyer, Mr.
Femi Falana (SAN), has said
that Nigerian victims of slavery
have no court to sue Libya for
the violation of their rights.
Falana said in a statement on
Sunday that the victims would
have been able to approach
the African Court on Human
and Peoples Rights sitting in
Arusha, Tanzania, but had
been deprived access to the
only international court due to
the Nigerian government’s
failure to make a declaration
accepting the court’s
jurisdiction.
He stated that the Community
Court of Justice of the
Economic Community of West
African States, which Nigeria
had accepted its jurisdiction
was only limited to West
African states.
He stated, “Since the
jurisdiction of the community
court is limited to the West
African sub-region, Nigerians
whose rights are breached in
other African countries would
have been able to seek redress
in the African Court on Human
and Peoples Rights sitting in
Arusha, Tanzania.
“But that is not possible as the
Federal Government has
refused to make a declaration
accepting the jurisdiction of
the Court in line with Article
34(6) of the Protocol
establishing the African Court
which provides that ‘At the
time of the ratification of this
Protocol or any time thereafter
the State shall make a
declaration accepting the
competence of the court to
receive petitions under Article
5(3) of this Protocol.
“‘The court shall not receive
any petition under Article 5(3)
involving a state party which
has not made such a
declaration.’”
He said although, Libya too
had not accepted the
jurisdictional competence of
the African Court, “the victims
of the illegal slave trade in that
country could have submitted
a petition to the African
Commission on Human and
Peoples Rights and thereafter
apply that the communication
be referred to the African
Court on Human and Peoples
Rights for judicial
determination.”
He added, ”But since Nigeria
has not facilitated access to
the African Court, the victims
of the slave trade in Libya have
been left without any legal
remedy whatsoever.
“In other words, the
infringement of the human
rights of the victims to dignity
and freedom from
discrimination guaranteed by
articles 2 and 5 of the African
Charter on Human and Peoples
Rights cannot be challenged in
the African Court.”
He demanded that the Federal
Government compensated the
victims and accepted the
African Court’s jurisdiction
before December 31, 2017
otherwise he would sue the
FG.

Cc mynd44

cc mynd44

Sai baba

.