HOT GIST

Former president of Nigeria, Olusegun Obasanjo has encouraged the purchase of indigenous products by placing an order for made-in-Aba shoes. Obasanjo placed the order for the shoes during the 2016 Tony Elumelu Entrepreneurship Forum in Lagos, Daily Post reports. Speaking as one of the panelist at the forum, Obasanjo commended Governor Okezie Ikpeazu for promoting indigenous products. “Governor, I listened to you and I commend you for what you’re doing in Abia. Please keep doing what you’ve told us you’re doing,” he said. Ikpeazu, who serves as the marketing officer of made-in-Aba product said Aba remains the small and medium enterprises (SMEs) capital of Nigeria, where young Nigerians were engaged in the business of making of shoes, clothing and other products. The Abia state governor added that a firm that had an order to supply up to 50,000 military boots was currently in Aba, where Aba shoemakers were making the production. Ikpeazu said: “I am happy to announce here...

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The Nigerian military’s defense headquarters has declared victory over Boko Haram insurgents in the northeast and revealed that it is now going after Fulani herdsmen.  The Cable reports that spokesman of the defence headquarters Rabe Abubakar told journalists at a media parley in Kaduna on Friday, October 28 that the insurgents had been “totally degraded, decimated and 100 per cent defeated. “take care of the nuisance of herdsmen once and for all.” “Today, I am pleased to inform you that we have defeated Boko Haram. It is not an easy feat. Yes, you may hear that an inaccessible village has been attack or that there was an attack somewhere. But, that is the last kicking of a dying group,” he said. “Check at the history of insurgency in the world, there is no country that has defeated insurgency under six to seven years like Nigeria. Is it Sri Lanka, Mali, Columbia or Somalia? Boko Haram is gone. It does not matter whether its so-called leader, Shekau is alive or dead,” he said. “...

The Economic Financial Crimes Commission (EFCC) is currently quizzing three senior lawyers over the involvement with corruption in the judiciary,  Premium Times reports. The lawyers sources said reported the Lagos office of the EFCC Thursday, October 27.  They were being grilled for allegedly transferring huge sums of money to the bank accounts of some indicted judges. These senior advocates of Nigeria include: Paul Usoro, Gani Adetola-Kaseem, and Felix Fagbohungbe. “We have discovered that corruption in the judiciary is widespread,” the source said.   others from his cabinet, Yoruba group reveals The source while about 20 to 30 lawyers are still expected, these lawyers will have to explain to the commission the need for the money transfers. “Some Senior Advocates of Nigeria who have assisted the Commission in handling some of our cases in the past are also involved. Some of these lawyers had assisted us with useful legal opinions on several matters. So, we are i...

The Nigerian Airforce has issued a warning to Niger Delta militants in the south-south region to stop their attacks and dialogue with the federal government or be wiped out. Leadership reports that this warning was issued on Thursday, October 27 by the Chief of Air Staff, Air Marshall Sadique Abubakar while commissioning new blocks of Airmen quarters at the 97 Special Operations Group (SOG) of Nigeria Air Force in Port Harcourt, Rivers state. He said: “Well, I think the Niger Delta problem require s a comprehensive solution. Our response is to protect Nigeria and Nigerians and Nigeria’s territory. That is what we are doing. And the whole thing is about ensuring we have professional service. “Professionalism requires training and about providing for the welfare of the people; that informed this accommodation. “We have trained over 700 of our personnel in the last one year, that are in different parts of the world. And all these are about efficiency service. As we take care of traini...

Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Dr Maikanti Baru has said that Nigeria has lost about $7billion which is equivalent to N2.1trillion in the last 10months to vandalisation of oil facilities. Baru made this revelation on Friday, October 28 during his presentation on “Global Oil Prices, Militancy and Terrorism and its Impact on Government Revenue in Nigeria’’ at the 2016 Fiscal Liquidity Assessment Committee Retreat in Abuja. He said that apart from security challenges in the region, politics, judiciary, oil prices and production cost continued to impact negatively on the oil industry. “Over 7000kpd of crude oil has been lost due to vandalism this year. A bulk of the loss is from JV assets. “This implies that 60 per cent of oil production lost is NNPC-FGN equity. “At an estimated price of 45 dollars per barrel, the total 2016 revenue loss to the Federation Account translates to about 7 billion dollars. “This is money that the government could have...