Author: darelasisi@gmail.com

Dr Dakuku Peterside, Director-General, Nigeria Maritime Administration and Safety Agency (NIMASA), says corruption discourages investment and growth of the country. Peterside told newsmen on Tuesday in Abuja that corruption impacted negatively on the society and should not be encouraged. “Now the other dimension of corruption which our people keep ignoring is that it discourages investment in our country and without investment, we cannot grow. “It is investments that create jobs, wealth, investment and opportunities for our people. It also enhances the quality of living of the people. “In an atmosphere of corruption, commerce cannot thrive; commerce is another catalyst for…

The House of Representatives has directed the relevant house committees to investigate the event surrounding the rearrest of the founder of Sahara Reporters, Omoyele Sowore in the Federal High Court. The motion was moved by Minority Leader, Rep. Ndudi Elumelu (PDP-Delta) under Matters of Urgent Public Importance at the plenary presided over by the Speaker, Mr Femi Gbajabiamila on Tuesday. The committees are National Security and Intelligence, Judiciary, and Human Rights. Elumelu the investigation was on the “invasion of the Federal High Court premises Abuja by yet to be identified persons”. He described the invasion of the court by unidentified…

Mr Godwin Izomor, the Managing Director of MG Vowgas Group, says insecurity remains a major hindrance to the growth of indigenous firms. Izomor spoke in an interview with the News Agency of Nigeria (NAN) in Port Harcourt after the  2019 Practical Nigeria Content Forum, adding that many companies spent huge sums to ensure security of staff and property in locations. MG Vowgas is an Indigenous fabrication company dealing in Engineering, Procurement, Construction and Installation servicing the oil and gas and marine sectors of the economy. He said insecurity discouraged local and international investors from investing in the country. “The challenge of…

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year. Dr Hassan Mahmoud, the Deputy Director, Financial Policy and Regulation Department in CBN, said this in Yola at the 2019 workshop for financial journalists sponsored by the Nigeria Deposit Insurance Corporation (NDIC). Mahmoud said that the GDP growth target would be an improvement over the third quarter growth rate of 2.28 per cent. “If you are looking at the 1.1 per cent that we did in 2015/2016, and 2.28 per cent that we did in…

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as stamp duties from Banks and Financial Institutions in the country. The decision to probe the non-remittance of stamp duties was reached sequel to the consideration of a motion on “The need to improve Internally Generated Revenue of the Federal Government of Nigeria through non-oil revenue”. Sponsor of the motion, Senator Ayo Akinyelure (PDP, Ondo Central), said that the Central Bank had in January 2016, issued a circular directing all banks and…

ABUJA – The Senate on Tuesday received a request from President Buhari seeking the confirmation of a newly appointed Chairman for the Asset Management Corporation of Nigeria (AMCON). The letter dated December 9, 2019, reads: “In accordance with Section 10(1) of the Asset Management Corporation of Nigeria (AMCON) Act, 2010, I hereby present Mr. Edward Lametek Adamu for confirmation as Chairman of the Asset Management Corporation of Nigeria by the Distinguished Senate. “While hoping that this request will receive the usual expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration.” Edward Adamu replaces…

MG Vowgas Group will launch the first made in Nigeria fabricated airboat before the end of January 2020, the Managing Director, Mr Godwin Izomor, has said. Izomor made the disclosure in an interview with News Agency of Nigeria (NAN) after a tour of the fabrication yard in Port Harcourt. MG Vowgas Group is an Indigenous fabrication company dealing in Engineering, Procurement, Construction and Installation (EPCI), servicing the oil, gas, and Marine sector. He said that the company was working with the research department of the Ministry of Defence for the fabrication of the boat. He noted that everything about the…

Dr Franca Attoh, an Associate Professor, Department of Sociology, University of Lagos, has tasked journalists to focus and report objectively on issues bordering on Gender-Based Violence (GBV), harmful practices in a bid to end the menace in the society. Attoh gave the task on Tuesday in Lagos while presenting a paper on Journalism, Development and Ethical Issues at four-day training on Gender-Based Violence (GBV) in Lagos, themed, “Sensitive Reporting and Investigative Journalism.” News Agency of Nigeria (NAN) reports that the training was organized by The UN Educational Scientific and Cultural Organisation(UNESCO), under its Spotlight Initiative aimed at eliminating all forms…

Niger Delta Youth Council (NDYC) and few other groups from the Niger Delta have urged President Muhammadu Buhari to issue a direct the Minister of Niger Delta Mr Godswill Akpabio to inaugurate Niger Delta Development Commission (NDDC) board. The call was made in Abuja on Monday during a protest led by the NDYC and National Coalition of Niger Delta Ex-agitators as well as Ijaw Youth Council (IYC). The group urged the President not to be deterred by criticisms of the already screened Board of the NDDC saying it was the handiwork of enemies of the region orchestrated by youths outside…

Niger State Community Social Development Agency (NSCSDA) said it spent over N1 billion on its intervention programmes in over 400 communities from 2009 to date across the state. Alhaji Yusuf Usman, the General Manager of CSDA, disclosed this during the monitoring tour of projects the agency executed in Leprosy Colony in Paiko and Hamdallahi communities, Lapai Local Government Areas of the state. According to him, CSDA is one of the development projects in the country’s World Bank portfolio, using the Community Driven Development (CDD) approach. He said CSDA had supported the Kompani Kutare community with the renovation of classrooms, provision…