Monday 12 March 2012

Foreign firms withhold credit lines from Nigerian airlines




Nigerian airlines’ credit rating overseas has been in continuous decline. Most aircraft lease companies, spare part suppliers and foreign aircraft maintenance companies are now seriously reluctant to deal with Nigerian operators on credit basis, sources close to airlines said.

The development, the sources said, had been a source of major concern to stakeholders familiar with the situation, who believe the development could hamper the growth of the sector in the country.

Newsmen revealed that the development was caused by the indigenous airlines’ penchant for not honouring their obligations to the foreign aviation companies. The obligations include aircraft lease payments, spare part and routine maintenance bills.

Reps threaten to revisit Electoral Act amendment





Peoples Democratic Party members of the House of Representatives have threatened to revisit the
amendment to the Electoral Act 2010, if the proposal to include them in the party’s National Executive
Committee fails.

The leadership of the party has proposed to amend its constitution to include Senators and members of
the House in the membership of the NEC.

The Senate, gave its position on the contentious issue on Wednesday last week when it
backed the inclusion of at least one Senator and one House member of each of the 36 states in the
NEC. The governors are said to be afraid of a possible power tussle and control of party machinery
between them and the legislators.

Fuel scarcity looms as Nupeng threatens nationwide strike


Scarcity of petroleum products looms across the country as the Nigeria Union of Petroleum and Natural Gas Workers threatens to embark on a nationwide strike with effect from Wednesday when a 72-hour deadline issued to the Federal Government expires.

The General Secretary of NUPENG, Mr. Elijah Okougbo, said in a communiqué  issued by the union in Abuja on Sunday that the impending strike had to do with disagreement over loan obtained by Jetty and Petroleum Tank Farm Owners Association of Nigeria from some banks, to satisfy the demand for fuel importation.

Newsmen learnt that NUPENG was demanding the implementation of a section of an agreement reached with the Federal Government to allow JEPTFON, a subsidiary association, to pay back the loan in 15 years with three percent interest. He said the Federal Government had ignored implementations of both demands contained in the agreement reached with the union.

Train crushes passenger to death, injures another in Ogun


A passenger was killed and another broke his legs while rushing to board a moving train at Agbado train station in Agbado, Ogun State on Monday. The two separate accidents were linked with the Ijoko-Lagos Mass Transit Trains services of the Nigeria Railway Corporation.
Newsmen reports that the mangled body of the dead victim was pulled out from the wheels of the and overcrowded train and placed beside the rail track, while the man with a broken leg was taken to a nearby hospital.

Eyewitnesses told Newsmen that the two victims slipped and fell off while trying to board the moving train.
“The man that died rushed to board the train while in motion. He would have succeeded but was blocked by passengers hanging at the entrance,” a witness said.

Regular train passengers blamed the accidents on overcrowding and the attitude of passengers who blocked the entrance of the coaches, preventing other passengers from boarding.
An NRC official, who pleaded anonymity, told Newsmen at Agbado station that the incidents had been reported to the NRC headquarters at Ebute Meta for proper action.

Newsmen reports that the railway police command had warned passengers against hanging on moving trains, saying that offenders would be charged with attempted suicide. Meanwhile, a trader at Agbado station, Mrs Ronke Ogunlade, has appealed to the NRC to increase the number of shuttle services and attach more coaches to trains on the route.

“The number of passengers on this route is increasing on daily basis; I think more shuttles and more coaches would solve the problem,” she said. She said that people would continue to hang on the train because there were not enough coaches for the ever-increasing number of passengers on the route.

Fourth place not a guarantee for Euro qualification –Wenger





Arsenal, who finished fourth in the English top-flight last season, consequently had to overcome a strong Udinese side in August to secure its qualification for the Group Stage of this season’s Champions League, highlighting the increase in quality.

Boko Haram militants attack police station in Kano


Policemen attached to the Kano State Command on Monday engaged suspected Boko Haram militants in a gun battle, following the invasion of Mandawari Police Station in Gwale Local Government Area by the gunmen.

Reports said the gunmen, riding in a bus and six motorcycles, attacked the police station with guns around 7.45a.m on Monday but were resisted by policemen on duty and soldiers attached to the Joint Task Force.

The police station is located near the palace of the Emir of Kano, Alhaji Ado Bayero.
This led to a gun battle, which spread to other parts of the area. One policeman was feared dead in the attack while an unknown number of his colleagues were injured.

This is the latest in a string of Boko Harm attacks on police stations in Kano. The police eventually managed to drive the attackers away. Spokesperson for the state police command, Musa Magaji Majiya, later confirmed that there was no casualty in the attack.

More details later.

Soldiers kill six Boko Haram members in Adamawa



Reports said the soldiers invaded the camp and killed the six sect members.
Kidnappers of Italian, Briton demanded $6.5m


The plans to free two Western hostages were well underway when they were killed during a  failed rescue bid in Nigeria, a spokesman for the kidnappers told agency.

According to agency, the spokesman for a splinter group of Boko Haram claimed his group was negotiating the release of the British and Italian hostages and had reached an agreement with their families that excluded government involvement. However, a senior government source in London on Sunday denied there was any such plan, saying the rescue operation had been the best option.

Online agency  in December released a video in which gunmen threatened to kill one of the hostages if their demands were not met. The spokesman added that the family of the Italian hostage had entered the negotiations in which both families had been provided with evidence that the hostages were still alive.




Locked-in syndrome' man to have right-to-die case heard





Tony Nicklinson, who is paralysed and wants a doctor to be able to lawfully end his life, should be allowed to proceed with his "right-to-die" case, a High Court judge has ruled.

The 58-year-old from Melksham, Wiltshire, has "locked-in syndrome" following a stroke in 2005 and is unable to carry out his own suicide.

His is seeking legal protection for any doctor who helps him end his life. The Ministry of Justice argues making such a ruling would change murder laws.








US fears reprisals after Afghan massacre in Kandahar





US troops in Afghanistan have been placed on alert following the killings of 16 Afghan civilians by a US soldier.

US officials warned of reprisals after the soldier went on a rampage in villages near a base in Kandahar. Nine children were among those killed.

President Barack Obama phoned his Afghan counterpart Hamid Karzai to express condolences. But Mr Karzai has said the massacre is "unforgivable".
And Taliban militants have vowed to avenge the deaths.
US Defence Secretary Leon Panetta has said a full investigation is under way.




Kalu’s hat-trick lifts Espanyol over Rayo
















Super Eagles coach Stephen Keshi recalled Yakubu Aiyegbeni and Sani Keita to the national team for the 2013 Nations Cup first leg match against Rwanda on February 29 in Kigali but left out Kalu Uche, who recently moved back to the Spanish La Liga, after joining Espanyol.

But the manager may have a rethink for the second leg and other Eagles ties with Uche scoring a stunning hat-trick to help Espanyol beat Rayo Valecano 5-1 on Sunday.








Sambo, North-West govs meet over PDP positions


Vice-President Namadi Sambo on Sunday met  with governors of the North-West at his Akinola Aguda House official residence at the Presidential Villa, Abuja.

The agenda of the meeting, held behind closed doors, was not made public while State House correspondents were turned back by security operatives who explained that it was a private event of the VP that was not open to media coverage.

 A source, who spoke on the condition of anonymity, said the meeting was convened to discuss the forthcoming Peoples Democratic Party convention.













SEC, approved the Nigerian Stock Exchange’s, listing rules

The Securities and Exchange Commission, SEC, weekend, approved the Nigerian Stock Exchange’s, NSE, revised listing rules which seek to grant certain waivers for oil and gas firms, Small and Medium Scale Enterprises, SMEs, and other multinational companies.

In the new rules, mineral companies, comprising mining, oil and gas companies are exempted from fulfilling the requirements that a company seeking listing on the Mainboard must be in operation for at least three years.

The rule is also exempting companies with market capitalisation in excess of N500 billion from meeting the requirements for public float, which stipulates that the public shall hold a minimum of 20 per cent of each class of equity securities of the company. The revised listing rules, according to Mr. Oscar Onyema, Chief Executive Officer of the NSE, is borne out of the inflexibility in the former rules, which has helped in no small measure in serving as a major discouragement to listing.

Jonathan urges Nigerians not to despair



President Goodluck Jonathan has called on Nigerians not to despair or be discouraged by the persistent cases of bomb blasts across the country. He said not withstanding the perceived government’s helplessness in the face of the attacks, his administration was already winning the war against the terrorists.

Jonathan made the submission on Sunday in his reaction to the bomb blast at the St. Finbarr’s Catholic Church, Jos. The reaction was made available to Newsmen in Abuja by his Special Adviser on Media and Publicity, Dr. Reuben Abati.

The President promised that his administration would continue to progressively destroy the terrorists’s ability to unleash murderous attacks on peaceful, law-abiding Nigerians.

Suicide bombers kill 8-yr-old, 10 others in Jos church



An eight-year-old boy and 10 others were  killed on Sunday when suicide bombers attacked St. Finbarr’s Catholic Church, Rayfield, Jos, Plateau State.

One of the bombers died in the blast while another, who barely survived, was mobbed and killed by an irate crowd at the church  where a former Deputy Governor of the state, Mrs. Pauline Tallen, worships.



The church’s security team were said to have recorded the highest number of casualties. Yesterday’s attack came barely two weeks after suicide bombers had attacked the headquarters of the Church of Christ in Nigeria, where the state Governor,  Jonah Jang, worships.