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Wednesday, January 11, 2012

Nigeria bound truck with arms and ammunition seized in Ghana


A truck loaded with ammunitions heading to Nigeria has been impounded by Ghanaian police in the capital Accra upon a tip off by a resident. The police said it is holding in custody five persons arrested on Tuesday for attempting to transport ammunitions from Ghana to Nigeria.
Ghana igp
The occupants of the truck, three Ghanaians and two Nigerians who have been arrested and currently in detention are assisting the police with further investigations. 

The Greater Accra Regional Police Commander DCOP Rose Bio Atinga at a press conference after the interception said upon the tipoff, “we quickly dispatched our policemen. We went and found the vehicle at the location, it was empty. 

Sunday, January 8, 2012

FULL TEXT OF THE PRESIDENT'S SPEECH ON THE DEREGULATION OF THE PETROLEUM SECTOR/PALLIATIVES/COST CUTTING MOVES OF HIS GOVERNMENT


NATIONAL BROADCAST BY PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, ON THE DEREGULATION OF THE DOWNSTREAM PETROLEUM SECTOR SATURDAY,  JANUARY 7, 2012
___________________________________________
Dear Compatriots,
1.    A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation. That course of action attracted widespread support and a demonstration of understanding. With that declaration, government had again signaled its intention to combat terrorism with renewed vigour and to assure every Nigerian of safety.

2.   The support that we have received in the fight against terrorism from concerned Nigerians at home and abroad has been remarkable. We believe that it is with such continued support that progress can be made on national issues. Let me express my heartfelt appreciation to everyone who has expressed a commitment to support us as we strive to improve on the country’s security situation, and build a stronger foundation for the future.  The recent mindless acts of violence in Gombe, Potiskum, Jimeta-Yola and Mubi are unfortunate. I urge all Nigerians to eschew bitterness and acrimony and live together in harmony and peace. Wherever there is any threat to public peace, our security agencies will enforce the law, without fear or favour.

3.   This evening, I address you, again, with much concern over an issue that borders on the national economy, the oil industry and national progress.  As part of our efforts to transform the economy and guarantee prosperity for all Nigerians, Government, a few days ago, announced further deregulation of the downstream petroleum sector. The immediate effect of this has been the removal of the subsidy on petrol.

Thursday, January 5, 2012

Fuel subsidy: FG to procure 1,600 mass transit buses


…Orders MDAs to pay Jan. Salaries on 20th
BY DANIEL IDONOR
ABUJA – PRESIDENT Goodluck Jonathan and his cabinet members yesterday rose from an emergency session of the Federal Executive Council, FEC, saying that government would not reverse the increase in pump price of petrol from N65 to over N141 per litre.
The Federal Government however,  approved the  procurement of 1,600 mass transit buses on Monday, as part of the long term plans to cushion the harsh effects of the increase in pump price of petrol.
Addressing State House correspondents, at the end of the meeting, presided over by President  Jonathan, at the Presidential Villa, Abuja, Mr Olusegun Aganga, Minister of Trade and Investment who was joined by Labaran Maku, Minister of Information and Idris Umar, Minister of Transportation, said the 1,600 mass transit buses formed part of the N10 billion revolving loan set aside by the government to address problems of the transport sector in the country.

Ex-militants threaten Jonathan over fuel subsidy cabal


By Emma Amaize and Godwin Oghre
SAPELE- A group of ex-militants, under the aegis of Niger Delta Revolution Force, has urged President Goodluck Jonathan to, as a matter of urgency, arrest and try all those recently uncovered by the Senate to have illegitimately been benefiting from fuel subsidy or risk its wrath.
The leader of the group, Comrade Babatunde Omatseye told Vanguard in Sapele, Wednesday, that the group would regroup and launch attacked on oil facilities across the Niger Delta region,   as well as go after those who unjustly benefited from fuel subsidy, should government fail to direct the relevant law enforcement agencies to prosecute them.
Comrade Omatseye also advised the law enforcement agencies to shun the use of force, capable of maiming or killing unarmed members of the civil society who were protesting across the nation, the recent removal of fuel subsidy and its concomitant hike in transportation fares or risk reprisal attack from the group.

Sunday, January 1, 2012

PPPRA Announces Formal Removal of Subsidy on Premium Motor Spirit (PMS)


By Reginald Stanley

Following extensive consultation with stakeholders across the nation, the Petroleum Products Pricing Regulatory Agency (PPPRA) wishes to inform all stakeholders of the commencement of formal removal of subsidy on Premium Motor Spirit (PMS), in accordance with the powers conferred on the agency by the law establishing it, in compliance with Section 7 of PPPRA Act, 2004.

By this announcement, the downstream sub-sector of the petroleum industry is hereby deregulated for PMS. Service providers in the sector are now to procure products and sell same in accordance with the indicative benchmark price to be published forthnightly and posted on the PPPRA website.

Petroleum products marketers are to note that no one will be paid subsidy on PMS discharges after 1st January 2012.
Consumers are assured of adequate supply of quality products at prices that are competitive and non-exploitative and so there is no need for anyone to engage in panic buying or product hoarding.
The PPPRA in conjunction with the Department of Petroleum Resources (DPR) will ensure that consumers are not taken advantage of in any form or in any way.
The DPR will ensure that the interest of the consumer in terms of quality of products is guaranteed at all times and in line with international best practice.
In the coming weeks, the PPPRA will engage stakeholders in further consultation to ensure the continuation of this exercise in a hitch-free manner.

Signed:

Reginald Stanley
Executive Secretary, PPPRA.

culled from Sahara Reporters

PRESIDENT JONATHAN REMOVES FUEL SUBSIDY !!! [UPDATED]

Reports have it that the President will announce Subsidy Removal by 4:00 PM today...

I was able to purchase Fuel at the filling station for N65 and as I was gettin home a neighbour alerted me of the impending removal by 4 PM... He was dashing to the station.

He however called to tell me the station had been closed!!!

This confirms it...

Is this a good New Year's gift for Nigerians?

UPDATE
--------------

It is confirmed... PPPRA announced the subsidy removal effective Jan, 1 2012 on NTA.

Saturday, December 31, 2011

BREAKING: President Jonathan Declares State of Emergency in the North... FULL TEXT HERE


The President declared state of emergency in the troubled areas in the four states, Borno, Yobe, Niger and plateau states in his Saturday afternoon,nationwide broadcast.
Below is the text of Jonathan’s address
ADDRESS BY HIS EXCELLENCY, PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, ON THE OCCASION OF THE DECLARATION OF A STATE OF EMERGENCY IN CERTAIN PARTS OF THE FEDERATION IN ORDER TO RESTORE PULIC ORDER, PEACE AND SECURITY IN THE FEDERATION, December 31, 2011
Fellow Nigerians, it has become necessary to address you on recent events in some parts of the country that have threatened our collective security and shaken the foundations of our corporate existence as a nation.
2.    You are all aware of the security challenges which the activities of the Boko Haram sect have foisted on the country. What began as sectarian crises in the North Eastern parts of the country has gradually evolved into terrorist activities in different parts of the country with attendant negative consequences on our national security.
3.      Government in an effort to find a lasting solution to the security threats occasioned by the activities of the Boko Haram sect, constituted a Presidential Committee under the Chairmanship of Ambassador Usman Gaji Galtimari, to ascertain the immediate and remote causes of the crises. While efforts are being made to implement the recommendations of the Committee, the crises have assumed a terrorist dimension with vital institutions of government including the United Nations Building and places of worship becoming targets of terrorist attacks.


Thursday, December 29, 2011

Ladi Akindele, Owner of Chrome remanded in prison over N15 million fraud


An Igbosere Magistrate Court, Lagos, has remanded part owner of Chrome, Ladi Akindele, in Kirikiri Prison, Lagos, till his next court appearance, following an alleged assault and issuance of N15 million dud cheque to his partner, Mr. Charles Ahize.
The accused was said to have breached the terms of the joint business.
He was said to have assaulted Ahize when he stormed the Victoria Island, Lagos, site of their joint business (Chrome) with touts.
It was gathered that on December 14, the police visited the accused to invite him for questioning over the assault and issuance of dud cheques case against him.
He was said to have resisted arrest in a manner that almost led to breach of public peace. He was eventually taken away.
Based on the order of Inspector-General of Police, the accused was detained for failing to honour the invitation. Eight days later, he was charged to court.
Part of the reasons the court refused to grant the accused bail was because he resisted arrest and threatened law enforcers.
The matter was adjourned till January 25, 2012.


Source: Vanguard

I’m alive, says man allegedly shot dead during protest Lekki toll protest


LAGOS – Contrary to media reports that one person was shot dead by the police while several others sustained injuries during the protest that greeted the commencement of toll collection at the Lekki toll gates, the man  told newsmen yesterday that he did not die after all.
Femi Ogunsanya, who spoke at the premises of the State Criminal Investigation Department, SCID, Panti, Yaba, however, admitted that he was manhandled by the police but later  rushed to the hospital where he was treated and discharged.
The 38 year-old staff of the Power Holding Company of Nigeria, PHCN, Lekki undertaking told journalists that he did not participate in the peaceful protest that later turned violent, stressing that he was just a victim of circumstance.
He said he was shocked when his colleagues drew his attention to a newspaper publication that he was shot dead.  According to him, “actually, I was manhandled by the police that day because I woke up in the hospital.  I did not participate in the protest. When I closed from office, on my way home, I met  Lekki Local Government chairman at the gate and we exchanged pleasantry.
Suddenly, I saw people running, I tried to escape but was grabbed from  behind and  a hit of gun butt on my head landed me on the ground;  that was the only thing I could remember.  I am alive.”
Reacting, the state Command Police Public Relations Officer, Mr. Samuel Jinadu, appealed to media professionals to always verify their stories before publication, admitting however that policemen were drafted to the crisis area when it became apparent that the hitherto peaceful protest had turned violent.

CIBN de-registers Cecilia Ibru...


The Chartered Institute of Bankers of Nigeria (CIBN) has struck-out the name of Mrs. Cecilia Ibru, former Managing Director/Chief Executive, Oceanic Bank International Plc and an Honorary Fellow of the Institute from her Register of members.
This is towards the furtherance, maintenance and observance of ethical standards and professionalism among practitioners of the banking profession in Nigeria.
The action was taken in line with the decision of the Institute’s Disciplinary Tribunal on Monday, December 12, 2011, which was confirmed by the Governing Council of the Institute, at its Meeting of Tuesday, December 13, 2011.
The Disciplinary Tribunal, made up of eminent members of the banking profession with a retired Justice of the Supreme Court as an Assessor, in a unanimous decision, granted the CIBN’s request.

Source: Vanguard