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10/19/19
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9:42 PM

 

The Director of Operations, Nigerian Railway Corporation, Ebute-Metta, Lagos, Niyi Alli, has physically assaulted a medical practitioner with the Federal Medical Centre, Lagos, Dr Chukwunweike Ojeah, landing him in hospital bed in the process.

Information gathered by SaharaReporters indicated that Ojeah had attempted to board a tricycle within the railway compound on Friday night after the close of work when the incident happened.

After being almost hit by a Sports Utility Vehicle belonging to Alli and expressing his displeasure at this, he was attacked with a stun gun by the railway director, leading to serious bleeding on his head and nose.

It was further gathered that after the physical assault, Alli also invited the police Area Commander, NRC, ACP Alami Adegoke, to arrest Ojeah but the police stayed action after the victim introduced himself as a senior public servant within the railway compound.

Following the incident, the FMC management petitioned the Managing Director of NRC, Engr Fidet Okhira, demanding action on the matter.

The petition dated October 18, 2019 and with reference number: FMCEB/HR/0532 and made available to SaharaReporters, said that Alli hit the victim on the face, leading to laceration in his nose and eyebrow.

The petition, which was signed by Assistant Director (Admin) for Medical Director, Mr H.H. Etim, claimed that since the attack on the doctor, he had been on admission at the hospital, while the director had been walking free without remorse.

The petition said, “Mr Niyi Alli ordered the Area Commander to order his men to arrest and lock up Ojeah. 

“At this point, Dr Ojeah introduced himself as a public servant serving with Federal Medical Centre, Ebute Metta. On hearing this, the police abandoned him and took off with their vehicles.

“Dr Ojeah in his agony, went to the NRC Police Command headquarters and lodged a report where he was advised to seek medical attention for stabilisation. 

“Ojeah is currently on admission receiving medical attention in the hospital.”

However, it was gathered that this was not the first time that Alli would be assaulting fellow workers in the NRC.

Sometime last year, he was said to have slapped a worker after accusing the man of insubordination but the case was swept under the carpet by the management.

Attempts to get the reaction of the NRC’s management proved abortive as its Public Relations Manager did not respond to calls made to his telephone number while a text also sent to him was not also replied.

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9:42 PM

NBS

 

Bayelsa State was the most expensive place to dine on several staple foods consumed by Nigerians in the month of September. 

This is the discovery thrown up by the Nigeria Bureau of Statistic’s Selected Food Price Watch for the ninth month of the year. 

The oil-reach state, which has lost most of its farmland and water bodies to petroleum pollution, was the costliest location to buy foods like beef with bone, white garri, all variants of rice studied by NBS with the exception of Ofada, as well as sliced and unsliced bread.

Beef with bone in Bayelsa sold for N1,236.31 and only cost N783.81 in Osun State. 

Boneless beef was costliest in Delta – N1,506.32 and cheapest in Niger State – 1053.88. 

In neighbouring Edo State, a tuber of yam was most expensive, selling for N296.08, while the average in Kwara was less than half the average in the Niger-Delta domain at N109.26. 

Another staple food, white garri, which many Nigerians swallow as eba and drink with cold water as well as other varying accompaniments, had the highest average price nationwide in September.  

The commodity went for N240.79 and was cheaper in another oil-rich state, Akwa Ibom, at N104.63. 

The chief baked meal Nigerians consume – bread in its sliced and unsliced form, was most expensive in

In Bayelsa State as well – a sliced 500g loaf cost 434.62 and an unsliced 500g loaf sold for N400. 

Conversely, a sliced loaf of bread of the same measurement cost N243.33 in Bauchi State and an unsliced loaf of similar weight was bought for N215.38 in Gombe State.

Some of the food produce captured by Sahara Reporters from the data, which were not most expensive in a Niger-Delta state in September were beans – both white and brown.

Nationwide, there was a massive drop year-on-year in the price of a tuber of yam – 32.13 per cent and a kilogram of tomato – 30.69 per cent, between September 2018 and September 2019.

A tuber of the traditional starchy food sold for N190.23 in September 2019 a marginal increase from N190.04 in August. 

A Kilogram of tomato increased from 223.86 in August to N227.50 in September.

The cost of a kilogram of imported rice, which has been under attack from the government increased by 4.07 per cent – N371.13 in September compared to N356.61 in August. 

When juxtaposed with what the price was in 2018, there was very little reduction of 0.05 per cent.

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9:42 PM

 

The third strongest economy in Africa according to the International Monetary fund – Ethiopia, will grow three times faster than its nearest rival – Nigeria in 2019 the fund believes. 

It made this prediction in its regional outlook for the continent on Friday. 

The fund expects the Nigerian economy to grow at a rate of 2.3 per cent in 2019 and 2.5 per cent in 2020, while Ethiopia’s will soar by an impressive 7.4 per cent.

In what is a warning to Nigeria that it is delaying its long-touted diversification away from oil, the report notes that countries, who are not resource intensive are expected to grow at an average of six per cent this year, which is almost three times faster than the continent’s oil producers and more than twice as fast as other raw material dependent economies. 

IMF predicts that the largest economy in Africa – South Africa, will be the most sluggish economy in the continent, growing at a pace of 0.7 per cent in 2019 and 1.1 per cent in 2020. 

Generally, it anticipates that the African economy will strengthen by 3.2 per cent in 2019 and 3.5 per cent in 2020 – a more generous outlook than the World Bank’s.

“What we’ve seen overall in the region is, by and large, debt levels beginning to stabilise,” Director of the IMF’s African Department, Abebe Aemro Selassie, informed Reuters. 

The report also noted that the trade spat between the world’s biggest economies – China and the United States of America, is hamstringing Africa’s economic progress.

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9:42 PM

 

The Central Bank of Nigeria has so far disbursed more money than it initially approved as loans to the electricity and airline industries under the Power and Aviation Intervention Fund. 

According to figures published in its latest Financial Stabilisation Report, the CBN said it had given out ₦301.37bn under the scheme. 

In its comprehensive disbursement guidelines and circulars, the apex institution said the sum to be dispensed under the scheme was ₦300bn.

The bank noted that ₦3.25bn “was disbursed to one project under the scheme in the second half of 2018, bringing cumulative disbursements to ₦301.37bn, of which ₦180.61bn was for 45 power projects and ₦120.76bn for 24 airline projects.” 

The CBN ₦13.35bn was repaid in the second half of 2018. According to the firm, total repayment made by the debtors stood at ₦145.52bn.

Another credit support extended to the power sector is the Nigerian Electricity Market Stabilisation Facility. 

The bank committed itself to provide ₦213bn to players in the electricity industry in 2013. 

The lender said it had as at December 2018, dispensed ₦183.09bn to companies in the electricity market.

“In the review period, the sum of ₦24.34bn was disbursed to 31 market participants, comprising one distribution company (DisCo), 18 generating companies (GenCos), six gas companies (GasCos) and six service providers. 

“Cumulatively, the sum of ₦183.09bn had been disbursed, of which ₦8.68bn had been repaid, resulting in total repayments of ₦30.46bn,” the report said.

Despite the N513bn loan given to the industry, the CBN had in 2017 created a payment assurance guarantee facility of N701bn to be paid to the Nigerian bulk Electricity trading company on behalf of distribution companies, who till the point of publishing this report still make poor remittances for the volume of megawatts purchased by NBET from generation companies.

The bank said, “₦176.78bn was disbursed under the facility to the Nigeria Bulk Electricity Trading Plc during the review period. 

“Cumulatively, the amount disbursed stood at ₦534.10bn at end-December 2018.”

 

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9:42 PM

 

The Miyetti Allah Cattle Breeders Association of Nigeria has constituted a 15-man committee to flush out bad herders in the association.

Chairman of Nasarawa chapter, Mohammed Hussaini, made the disclosure during a meeting with Fulani natives on Saturday in Keana Local Government Area of the state.

According to him, the decision to constitute the committee was necessitated by the activities of some bad elements among members of the association.

He said that the association would no longer fold its arms and allow some bad and unpatriotic elements tarnish its name.

He said, “All hands must be on deck to support the committee to fish out the bad elements among us in order to ensure peace in the state.

“There cannot be any meaningful development in the society without peace, hence our decision to contribute to the peace process.”

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6:27 AM

 

The Economic and Financial Crimes Commission has arraigned one
Abdullahi Tijjani for allegedly misleading the operatives of the
anti-graft agency.

Tijjani was arraigned on one count of deceiving the commission by
giving false information.

He was arraigned before Justice O.A. Egwuatu of the Federal High Court
Kano, on Friday.

The defendant allegedly misled operatives of the Commission by
alleging falsely that a staff of Yankura Branch of EcoBank Plc
unlawfully withdrew the sum of N7,200,000 from his corporate bank
account.

The defendant pleaded not guilty to the charge.

Following the plea, the prosecution counsel, Sadiq Hussein, asked the
court for a trial date, while the defence counsel moved an application
for his bail.

Justice Egwuatu granted the defendant N1-million bail with two
sureties providing the same amount.

Egwuatu adjourned the matter until November 19 for the commencement of
the hearing.

The charge stated: “That you, Abdullahi Tijjani, on or about 15 March
2019 in Kano within the jurisdiction of this honourable court, with
intent to defraud, misled the officers of the Economic and Financial
Crimes Commission in the course of the exercise of their official
duty, by giving false information that a staff of Yankura Branch of
EcoBank Plc unlawfully withdrew the sum of N7,200,000 from your
account with the bank with account name Bawahala Da Yardar Allah
Investment Limited and account number 5852011911, which information
you knew to be false and thereby committed an offense contrary to
Section 39(2)(a) of the EFCC Establishment Act, 2004 and punishable
under Section 39(2)(b) of the same Act.”
 

 
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