Nigerian Newspapers: Tuesday, April 11, 2017

Good morning Nigerians, we have aggregated today’s major headlines from top Nigerian Newspapers for you here on; Newspapers reviewed include: Punch, Vanguard, Premiumtimes, The Nations, National Mirror, Dailypost, Tribune, The Sun etc.

El-Rufai discloses security vote, salary, attacks N’Assembly

Kaduna State Governor, Nasir el-Rufai, on Monday, accepted the challenge of the Speaker of the House of Representatives, Mr. Yabubu Dogara, by releasing details of his security vote, salary and allowances.

The governor also released the disbursements to the 23 Local Government Areas in the state.


CBN Opens Special FX Window for SMEs, Traders

As the demand for foreign exchange continues unabated in the parallel market segment of the forex market, the Central Bank of Nigeria (CBN) on Monday unfolded yet another policy measure, stating that it has opened a special forex window for small and medium scale enterprises (SMEs).

This, according to the central bank, would enable small and medium-sized businesses import eligible finished and semi-finished items, not exceeding $20,000 per operator each quarter.


INTERVIEW: The successes, challenges of Jaiz Bank in Nigeria – MD Hassan Usman

Despite the controversies that trailed the take-off of Jaiz Bank PLC in Nigeria, its Managing Director/Chief Executive, Hassan Usman, said the bank has not only overcome most of its infancy challenges, but has also made tremendous strides within its short period of existence which gives its investors the confidence that its model of banking has come to stay in Nigeria.

Mr. Usman spoke with PREMIUM TIMES’ Bassey Udo in his office in Abuja.


Unfrozen $5.9m: Bank stops Patience Jonathan from withdrawing money

The Economic and Financial Crimes Commission has barred Patience Jonathan, the wife of former President Goodluck Jonathan, from withdrawing money from a $5.9m account with Skye Bank, which was ordered to be unfrozen by a court last week.

This is just as the EFCC has begun fresh move to ensure that a separate $15m, which was traced to Patience, is permanently forfeited to the Federal Government.


Trump to Sell 12 Attack Planes to Nigeria for Boko Haram Fight

In line with United States President Donald Trump’s pledge to assist the Nigerian government in its fight against terrorism, his administration has indicated that it will move forward with the sale of high-tech aircraft to Nigeria for its campaign against Boko Haram Islamic extremists.

During Trump’s phone call to President Muhammadu Buhari shortly after the U.S. president was sworn in last January, he had pledged to sell attack aircraft to Nigeria, despite concerns over abuses committed by the country’s security forces.
According to U.S. officials, Congress is expected to receive formal notification within weeks, setting in motion a deal with Nigeria that the Obama administration had planned to approve at the very end of Barack Obama’s presidency, reported Associated Press (AP) on Monday.


Malabu Scandal: After telling lies for years, Shell admits it knew Etete would benefit from $1.1 billion

After repeated denials in various countries, Anglo-Dutch oil giant, Royal Dutch Shell, on Monday finally admitted it had foreknowledge that the $1.3 billion itself and ENI paid to Nigerian government for the OPL 245 oil block licence would ultimately be used to settle convicted former Minister of Petroleum, Dan Etete.

“Over time, it became clear to us that Etete was involved in Malabu and that the only way to resolve the impasse through a negotiated settlement was to engage with Etete and Malabu, whether we liked it or not,” The New York Times quoted Andy Norman, a spokesperson for Shell, as saying in an email Monday.


EFCC uncovers another N250.5m in Lagos market

The Economic and Financial Crimes Commission on Monday recovered €547,730 and £21,090 as well as N5,648,500 from a Bureau de Change operator in Balogun Market, Lagos.

The figure, it was learnt, sums up to N250,558,670 when converted to naira, according to the EFCC.


Fashola Raises Hope for Better Electricity Supply

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Sunday raised hope for improved electricity supply in the country, assuring Nigerians that power generation would ramp up to 4,000 megawatts within the next six days.

The minister spoke on the Sunday Morning Show of Arise Television, a sister broadcast arm of THISDAY Newspapers, asserting that: “In six days’ time, we will restore generation to 4,000MW,” promising: “By the time you have the hydro station back during the raining season, you will get more.”


NNPC calls for calm as fuel queues resurface in Abuja

Long queues of anxious motorists outside filling stations resurfaced in the Federal Capital Territory, FCT, on Monday.

The queues were noticed outside the NNPC mega station, Forte Oil and Oando filling stations in the Central Business District as well as the Conoil and Total filling stations opposite the NNPC Towers.

The two Total filling stations and Oando outlets along Berger roundabout also witnessed long queues of motorists in search of petrol.


Reps summon Magu, Emefiele, Baru, five others over ‘stolen’ $17 billion oil money

The House of Representatives Ad-hoc Committee investigating alleged 17 billion dollars stolen undeclared oil proceed has summoned Ibrahim Magu, acting Chairman of Economic and Financial Crimes Commission, EFCC, to appear before it on Tuesday.

The Chairman of the committee, Abdulrazak Namdas, summoned Mr. Magu on Monday in Abuja at the opening of the investigation where all the invited stakeholders sent their subordinates to represent the committee.




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