Tuesday, December 11News That Matters

Author: Francis Ibikunle

JUST IN: Governors Announce N22,500 As New Minimum Wage

Politics
The Nigerian Governors Forum (NGF) on Tuesday night announced that it has settled for N22,500 as the new minimum wage for government workers in the country.  The announcement came hours after national leaders of organised labour mobilized public workers for rallies and insisted the November 6 nationwide strike will go on as planned. Labour has been demanding for N30,000 as new minimum wage while the federal government has declared intention to pay N24,000. But in a communiqué issued at the end of second emergency meeting of the NGF in Abuja, the governors explained that the salaried workers constitute not more than five percent of the total working population. They also noted that the interest of the larger population was taken into consideration before arriving at the N22,500 new na

OPEN LETTER: Buhari Government Added $10bn To Our Public Debt By Ettu Mohammed

Breaking News
Prof. yemi Osinbajo   Prof. Yemi Osinbajo Professor Osinbajo (GCON) Vice President, Federal Republic of Nigeria Abuja, Nigeria Your Excellency Sir, Re: Buhari Government Added $10bn To Our public Debt Sir, this is not factual sir, President Buhari led Federal Government has added a total of $29.8bn to our Public debt in three years going by the books of Debt Management office. Sir, Public Debts are held in USD in Nigeria and many countries of the world. But one thing that is sacrosanct is that all Nations Domestic debts are held in their local currency and Nigeria is not excluded. Sir, as at June 30, 2015, according to the Debt Management Office. The following debt profile was listed against our country. Nigeria domestic debt which is inclusive of FG and State was N10.09 t...

Sacked Afren CEO, COO Jailed Over Fraudulent $300m Deal Involving Buhari’s In-Law, Indimi

Business
Osman Shahenshah, 56, former Chief Executive Officer (CEO) of Afren plc, was on Monday sentenced to 16 years in prison. Also sentenced — this time to 14 years in prison — was Shahid Ullah, the 59-nine-year-old former COO. The duo tricked the Afren board into investing $300 million in a deal in Nigeria, without disclosing that the partner, Oriental Energy Resources Ltd, would kick back $45 million to a Caribbean shell company they controlled. Shahenshah and Ullah used some of the money to buy luxury properties in Mustique and the British Virgin Islands, and split the rest with some of Afren's and the partner's employees. Before Monday’s sentencing, a jury at Southwark Crown Court convicted them last week after a six-week trial of one count of fraud by abuse of position and two charges of m

CBN, AGF Delaying MTN Listing On Stock Exchange, Says CEO

Business
Rob Shuter, MTN Group President and Chief Executive Officer (CEO), has said the organisation's plans to be featured on Nigeria's stock exchange listing has been "challenged by the recent Central Bank of Nigeria Attorney General of the Federal Republic of Nigeria matters". His statement was contained in the organisation's 'Quarterly Update for the Period Ended 30 September 2018 and Renewal of Cautionary Announcement'. According to Shuter, the company recorded an increase in operational performance in the third quarter. He, however, said despite the challenges, they remain committed to the listing. He said: “MTN recorded an improved operational performance in many markets in the third quarter. Group service revenue grew by 10.0% year on year, ahead of our medium-term target of

The Shiites And The Army Of Butchers By Charles Ogbu

Breaking News
"Without justice, what else is the State but a great band of robbers"~~St Augustine  The reaction of Nigerians to Saturday's shooting of yet to be ascertained number of members of Shiite Islamic sect at Zuba bridge, Abuja, by the Nigerian army has conclusively exposed the fact that reasonable number of Nigerians have very low sense of Civic consciousness in addition to knowing absolutely nothing on how security forces ought to operate and relate with civilians in a civilized society. Of course, I blame them not, considering that we live in Nigeria, a country where the President and Commander-In-Chief and all his security Chiefs take turn justifying and explaining away the routine massacre of hundreds of tax paying citizens by Fulani militia  operating under the umbr...

Garba Shehu Warns Nigerians About PDP: No Matter Their Sweet Words, Don’t Believe Them

Politics
Garba Shehu, Senior Special Assistant to the President on Media and Publicity, has accused the Peoples Democratic Party (PDP) of "murdering opponents of government". He also accused the opposition party of "abusing the judicial system" by going to court to challenge President Muhammadu Buhari's West African Examination Council (WAEC) certificate. He stated this on Monday, via his Twitter handle, where he warned Nigerians thus: "No matter their sweet words, don't believe them". His post read: "We have read that the failed Peoples Democratic Party (PDP) is going to court to challenge the President’s West African School Certificate (WASC). This is a waste of time because we have the record of this and of higher qualifications obtained by hard work and truly merited by Mr President. Th

The Girl Osinbajo ‘Fell In Love With’ And All That Went Down At Ake Festival 2018

Breaking News
On Sunday, October 28, the Ake Festival came to an end.  The four-day event, which holds annually in Nigeria, is the brain-child of author Lola Shoneyin, whose debut novel 'The Secret Lives of Baba Segi’s Wives' was nominated for the Orange Prize for Fiction in 2010.  The event was declared open on Friday by Vice-President Yemi Osinbajo, who acknowledged the importance of the creative industry, while also paying tribute to great Nigerian poets such as Niyi Osundare, Molara Wood and Tanure Ojaide.  Delivering his welcome address, he cited the consequences of discouraging participation in the arts with a fictional childhood experience he had with a girl he "fell in love with". “Does the artist have a responsibility to society beyond that of the ordinary citizen?

Despite Losing Five Members To Army, Shi’ites Flood Abuja For El-Zakzaky Protest

Breaking News
The Islamic Movement of Nigeria (IMN) has waded through barricades mounted by security agents, and marched through Abuja in protest. The protesters, who came from different states, arrived Abuja through Kubwa expressway, wielding portraits of their spiritual leader, Ibraheem El-Zakzaky, as well as flags with Arabic inscriptions. Efforts by a combined detachment of armed policemen and soldiers to prevent the group from proceeding with the protest proved futile, as they waded through the security barricades. The protesters, who converged on Abuja from different states across the nation, defied a heavy downpour as they chanted: 'Free Zakzaky'; 'Free Our Leader'. The group later ended the protest at Citec bus stop, near Gwarinpa, a few meters away from Abuja. They, however, vowe...