About 600 of over 800 microfinance banks in the country may be closed down soon by the Central Bank of Nigeria unless they merge within the next few months, investigation, by our correspondent has shown. Some CBN and industry sources told our correspondent on Friday that the 600 MFBs could not meet the recapitalisation deadline,…
As the Nigerian military command deploys more troops in the troubled North Eastern region of the country, where Government forces has been battling insurgents,Borno State Governor Kashim Shettima painted yesterday a gloomy picture of the war against Boko Haram, saying the resources of the military are not adequate to defeat the insurgents. Speaking with State House correspondents at the Presidential Villa, he said that more resources should be voted to the fight against the insurgents as the situation has already degenerated into a war. According to him, Book Haram members are better armed and better motivated to carry out their evil attacks. But Shettima did not blame the situation on the military. He said they were doing their best in the circumstances. Said the distraught governor: “Well, in a nutshell, what we are being confronted with is that we are in a state of war. It is what I came to update Mr. President; the sooner we stop playing the ostrich and rise up to the challenges of the day, and marshall all resources towards visualising the antics of Boko Haram, the better for all of us. “But the bottom line is that we need more resources, more votes on ground. In all fairness to the officers and men of the Nigerian Army and police, they are doing their best, given the circumstances they have found themselves in.” The governor went on: “But, honestly, Boko Haram are better armed and are better motivated than our own troops. And believe me, I am an eternal optimist as I have always said, but I am also a realist. Given the present state of affairs, it is absolutely impossible for us to defeat Boko Haram. “I made it emphatically clear to Mr. President that the Boko Haram are better armed and better motivated. Anybody who is following events in this country can attest to the fact that they have a very smooth sail overrunning communities, killing people. Have we ever succeeded in thwarting any of their plans?” “They went to Konduga and did what they wanted to do. They held sway for over four to five hours before they left. They were in Kauri, Idzge and I don’t blame the Nigerian military. Honestly, we the leaders should be held responsible for our failure in leadership.” He also said he was not aware of any threat by Boko Haram to launch an onslaught against the people if Cameroon assists the Federal Government of Nigeria to fight the insurgents. “I am not privy to such an information but the President has assured us that he will put in his best to see that the unfortunate tendency of the Boko Haram overrunning communities and butchering innocent souls is brought under control.” On the number of casualties, Shettima said: “In Idzge alone, we lost 106 people and they raided eight other communities. So, until I get back home, today or tomorrow, I cannot give you the exact figure. But some were hospitalised with very great injuries so I am afraid the figures might climb.” He said it was too early to start talking about elections in the state as all attention should be on how to ensure peace and harmony.
Calling off his attack dogs since losing 2011 elections: Boko Haram sect has devilish ideology – Buhari.
A chieftain of the All Progressives Congress, APC, Alhaji Muhamadu Buhari has condemned the Sunday’s attack by the Boko Haram insurgents in Borno State where over 121 persons were killed.The former Head of State wondered why the terrorists and criminal elements could still express themselves despite the presence of the military in the region.Gen. Buhari…
Apex Igbo socio-cultural organization, Ohanaeze Ndigbo yesterday told Imo State Governor, Rochas Okorocha and constitutional lawyer, Prof. Ben Nwabueze, to desist from claiming to be the mouthpiece of Ndigbo, warning the duo to stop speaking for Ndigbo on any issue. The President of Ohanaeze Ndigbo in Anambra State, Elder Chris Eluemunoh, who spoke to newsmen in Awka, described such claims by the duo as selfish, insisting that they had no ‘locus’ to claim being Igbo leaders. Eluemunoh said Prof. Nwabueze had printed lots of leaflets and pamphlets discrediting Ohanaeze in recent times, thereby creating an impression that there was division in the group. He said such utterances could make Nigerians believe that there was disunity in Ohanaeze.
Nigeria’s external reserves has suffered a massive decline to a 10-month-low as the Central Bank of Nigeria, CBN, increased funding of the foreign exchange market to stabilise the naira. The reserves have come under pressure amid falling revenues from crude oil prices due to industrial scale theft from pipelines and illegal exports as well as foreign portfolio investment outflows. The reserves plunged from the peak of $48.9bn attained on May 2, 2013 to $41.8bn on February 14, a depreciation of $7.062bn. According to CBN data, the reserves which stood at $43.6bn at the beginning of this year have been on the downward movement declining by $1.8bn.
Frustrated, Borno State Governor Kashim Shettima was in Abuja yesterday to brief President Goodluck Jonathan on the latest attack by suspected Boko Haram members, admitting that the Islamist sect parades more sophisticated weapons and better motivated by their backers to continue to unleash terror on the North-East. The insurgents were reported to have killed over 100 people in Izge village in Gwoza Local Government Area of Borno State last Saturday. The attack came three days after gunmen stormed the same village and killed dozens of people including nine soldiers in a shoot-out.
Work on the proposed N100 billion Second Niger Bridge is to commence next month. Already, ministry officials said that preparations were in top gear for President Goodluck Jonathan to perform the ground-breaking ceremony on March 15, for work by the concessionaire, Messrs Julius Berger and AIIM to start. Minister of Works, Mike Onolememen had hinted that the Federal Government had begun negotiations with contractors handling the construction of the second Niger Bridge at Onitsha, Anambra State, with a view to securing a reduction in the cost of the project. Onolememen said the negotiations for reduction in the cost of the bridge arose from the fact that the exact
The scale of the tragedy that happened at Saturday’s reception for Governor Theodore Orji of Abia State,
Facts are beginning to emerge on why Chinedu, the son of Abia state governor, Chief T.A Orji allegedly orchestrated and masterminded the murder of his Personal Assistant, Mr. John Ndubuka inside the arena of his father’s campaign rallyAn impeccable source who works closely with the governor’s son told The City Reporters that what led to the death of Mr. John might not be unconnected to the disappearance of N65m that the governor’s son put under the deceased care which he (the deceased) claimed was stolen by an Aboki.According to our source, the claim did not go down well with Chinedu, who felt the deceased was playing with his intelligence, hence the decision to murder him.Another inside source alleged that aside the missing N65m, Mr. John’s death was part of plan to secretly eliminate those with serious secret information about the governor and his son’s stolen funds to avoid being exposed as the administration is winding up and there are possibilities that they may not install the next governor.He cited the case of one Obinna a.k.a Pipiro another of governor T.A Orji’s close relative, who they arrested, detained for several months in Afara Ibeku prison and confiscated all his properties for just flimsy reasons of building hotel as well as living ostentatiously, thereby drawing unnecessary public attention to the governor and his family to swash the tale that the late John was a relative of the Orji’s. But in a swift move to save the governor’s son from impending murder case as well as salvage his father’s already battered political image, the Abia state government has attributed the incident which led to the death of Mr. John Ndubuka, Personal Assistant to the governor’s son to accidental dischargeA statement signed by the Abia state Commissioner for Information and Strategy, Eze Chikamnayo and made available to The City Reporters by Nnaji Obed Asiegbu, S.A to the Governor on e-governance and strategies after the incident had been blown open by the online medium, described the deceased as the relative to the governor whose cause of death (accidental discharge) is under investigation by the State Command of the Nigeria Police.“The victim, Mr.Ndubuka was hit by a bullet that killed him from an unknown source while leaving the venue at the end of a successful civic reception organized by Ikwuano/Umuahia people for the Governor on Saturday,” Chikamnayo said in the statement.He also said the event occurred after the Governor, Chief TA Orji and other dignitaries had left the arena, but doesn’t say whether the governor’s son departed the arena with the dignitaries.He however added that the identity of the assailant is not yet known but stated that the matter will be thoroughly investigated and assured that the police will get to the root of the matter.“The state government is on top of the security situation in the state and will not waiver from its responsibility of protecting lives and property of the citizenry,” he further said.
Fourteen communities which make up Kula Kingdom in Akuku-Toru Local Government Area of Rivers State have decried alleged plans by the government to sign a Memorandum of Understanding (MoU) with Shell Development Company of Nigeria (SPDC) to access the ecological fund of their kingdom. The communities’ monarch, led by the ruler of Opu-kula, Hope Opusingi, told…