Naija News Tuesday, July 16, 2014

National News

Adamawa lawmakers impeach Nyako, speaker takes over
• Stakeholders differ on legality of action
SEVERAL weeks of anxiety over the political crisis in Adamawa climaxed with the state House of Assembly’s impeachment of Governor Murtala Nyako yesterday. The impeachment came after the House adopted the recommendations of the report of a panel submitted on Monday. Nyako will be the fifth governor to be impeached since the nation’s return to democracy in 1999. Others who have been impeached are Diepreye Alamieyeseigha of Bayelsa State, Rasheed Ladoja of Oyo, Ayo Fayose of Ekiti and Joshua Dariye of Plateau State. However, the court reversed the impeachment of Dariye and Ladoja. The Speaker of Adamawa House of Assembly, Alhaji Ahamadu Umaru Fintiri, yesterday took an oath of office as the Acting Governor of the state. After taking the oath of office at a ceremony that was attended by top political leaders in the state and People’s Democratic Party (PDP) national executives, Fintiri lamented that the decay in the state government was worse than the Boko Haram crisis in the north-east zone. He said that in the past seven years, Adamawa had been under administrative terror and rape of constitutional provisions, turning the state into a private estate. “Adamawa State will never again have this kind of government that treated the people as if they were in captivity or they were prisoners of war,” he said. He said that his administration would restore the lost glory of the state and rekindle the hope of the residents. The Guardia, front pg, cont pg2

Nyanya blast: Key suspect, Ogwuche, extradited to Nigeria
The alleged mastermind of the April 14 blast in Nyanya, Abuja, Aminu Ogwuche, has been extradited by Sudan to Nigeria on Tuesday. Ogwuche, who was handed over to the Interpol Unit of the Nigeria Police Force by the Sudanese authorities was flown into the country in a special flight from Khartoum, Sudan, which touched down at the Nnamdi Azikiwe International Airport at 3pm on Tuesday. On hand to receive him at the Presidential wing of the airport were the spokespersons of the Police, ACP Frank Mba, Department of State Services, Marilyn Ogar, Army, Maj. Gen. Chris Olukolade and the Coordinator, National Information Centre, Mike Omeri. The suspect is expected to face trial for terrorism along with other suspects that were arrested in connection with the blast which killed more than 70 people and injured over 120 others at Nyanya area of Abuja. Ogwuche, who looked gaunt in a shirt and a pair of trousers, was swiftly taken to an unknown detention facility in the FCT by armed security operatives. Addressing journalists, Omeri said that the Boko Haram operative would be interrogated and prosecuted. The Punch, pg8

Subsidy must go – Finance Commissioners, NECA
*Removal ‘ll impoverish Nigerians; it’s corruption that should go— NLC
Commissioners for Finance from the 36 states of the federation rose from their monthly Federation Accounts Allocation Committee, FAAC, meeting in Abuja, yesterday, insisting that petroleum products subsidy must be removed. While their position was consistent with that of the Nigerian National Petroleum Corporation, NNPC, it sharply contradicted the thinking of the Nigerian Senate, which held a few days ago that petroleum subsidy should remain. The commissioners had, three months ago, decided that the current subsidy was not in the interest of the nation and wrote a letter to President Goodluck Jonathan, demanding an end to it. The Chairman, Forum of Commissioners of Finance, Mr. Timothy Odaah, told journalists shortly after the meeting that there was no going back on their position and that they had fully briefed their principals— state governors. According to him, the administration of the subsidy had been characterised by massive fraud by oil companies whom he said had been paid several billions of Naira for nothing and argued that the purpose for the subsidy regime had been defeated.
Vanguard, pg8

Growth prospects for rent-to-own market high over positive mortgage outlook
Growth prospects for the rent-to-own and buy-to-let property markets in Nigeria have been significantly high in the past 6-12 months, following an encouraging and positive outlook for the country’s mortgage market within the same period. From the last month of 2013 through the first quarter of this year till now, the mortgage market has seen major developments, including the conclusion of recapitalisation exercise for primary mortgage banks (PMBs) by the Central Bank of Nigeria (CBN) and the inauguration of the Nigerian Mortgage Refinance Corporation (NMRC) in January, as well as the Lagos State Home-Ownership Mortgage Scheme (LagosHOMS) in March this year. Expectation is high among investors and home buyers that the combined operational impact of these mortgage institutions would improve access to mortgage loans and enhance affordability in terms of low interest rate. Businessday, front pg, cont on pg4
5. Atiku knocks Jonathan, PDP over Nyako’s removal
•Dictatorship creeping in, CNPP warns •Presidency desperate for 2015 –Balarabe •Babatope lauds Adamawa lawmakers •Abuse of Constitution might spell doom for democracy, says Nyako

The Governor, a member of the All Progressives Congress (APC), was removed from office on Tuesday after the state House of Assembly had deliberated on the report of an investigative panel that probed allegations of financial misconducts against him and the Deputy Governor, Bala Ngilari. But Ngilari resigned his position shortly before the Assembly resolution to avoid being impeached. Ngilari’s resignation letter was read out at plenary by the Speaker, after which the lawmakers approved it. Former Vice President Atiku Abubakar reacted swiftly, condemning the Peoples Democratic Party (PDP)-led Federal Government for allegedly instigating Nyako’s sack. He accused the PDP government of “turning the nation into their private enterprise, using the instrumentality of the law to hunt perceived enemies”. Seventeen of the 25 members of the PDP dominated Assembly adopted the report of the panel after the Speaker, Umaru Fintiri, read it out on the floor. The Assembly immediately passed a resolution that the Speaker, Fintiri, should be sworn in as the Acting Governor. Daily /independent, pg2

APC alleges murder plot against Aregbesola
•I can’t wish him dead, says Omisore
OSUN could affect relationship between the two countries.” It also called on elders not to fold their arms and watch the PDP set Nigeria ablaze, since, according to APC, “that is what assassination of Aregbesola would spontaneously cause.” The APC said PDP sources informed it that “there is great consternation within the party that for as long as Aregbesola is present and visible, there is no way the PDP can rig the election. So, their last option to ‘win’, according to sources, is to take out completely the governor. The APC recalled that it had alerted Nigerians and the international community to PDP’s plans to militarise the state one week to the election and terrorise the APC leadership State All Progressives Congress (APC) has raised the alarm over an alleged plot by the Peoples Democratic Party (PDP) to use Israeli snipers to assassinate Governor Rauf Aregbesola during his campaign rally. The Nation, pg9

Business News

Single currency: Nigeria met all primary criteria in 2013 — CBN
Central Bank Deputy Governor, Economic Policies Dr Sarah Alade, said Nigeria was the only country that met the four primary convergence criteria for attaining single currency in west African region. Alade disclosed this at the 37th Technical Committee meeting of the West African Monetary Zones (WAMZ), in Abuja. The four primary criteria include single-digit inflation rate at the end of each year and a fiscal deficit of not more than four per cent of the GDP. Vanguard, pg21

FAAC insists on fuel subsidy removal
allocates N755.95bn t0 FG, states, LGs
Barely a week after the Senate unanimously rejected the recommendation of its Committee on Finance that subsidies on petroleum products should be totally removed, the Federation Accounts Allocation Committee on Tuesday insisted that their retention was a fraud against the country.The Chairman, Forum of Commissioners for Finance of the 36 states of the federation, Mr. Timothy Odaah, made the position of the committee known while briefing journalists shortly after this month’s FAAC meeting. The Punch, pg29

World/Regional News

MILE 2 TRAFFIC: Lagos govt, Navy’s efforts fail to yield results
Lagos—The impression created by the Lagos state government that it had created a movement corridor on the Apapa-Osodi expressway for free traffic flow turned out to be a mere fluke Monday night. Barely 24 hours after the marching order given by Governor Babatunde Fashola, to officials of the Lagos State Transport Management Agency, LASTMA, and the Task Force on Environmental offenses to ensure relief in the traffic situation, workers and businesses, suffered worse fate on Monday night. Vanguard, pg10

Lead us to Sambisa Forest, Danjuma tells Jonathan
The Chairman of the Victims Support Fund, Lt.-Gen. Theophilus Danjuma (retd.), on Wednesday said members of the committee would not visit Sambisa Forest believed to be one of the strongholds of the Boko Haram sect except President Goodluck Jonathan was ready to take the lead. He spoke just as Jonathan vowed that the days of the sect were numbered. Danjuma, a former Minister of Defence, spoke while responding to Jonathan’s inauguration speech in which he tasked members of the committee to be ready to visit all parts of the country including the dreaded forest. The Punch

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