Oil theft: New Nigeria Foundation demands urgent intervention

Stella Okofi

A non-governmental organisation, New Nigerian Foundation (NNF), has called on stakeholders in the oil and gas sector, the Federal Government as well as the media to work towards curbing the menace of oil theft in the country. The foundation, while lamenting the security costs, environmental damage and loss of investments in the Niger Delta region as a consequence of oil theft, revealed that an estimated $55 billion dollars had been lost to the sabotage over the last decade. According to OilPrice.com, Nigeria ranked Number 1 in the top five countries…

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Innoson: Supreme Court judgement against GTB, no one else

Stella Ofiko

As embattled first generation bank, Guaranty Trust Bank, battles to redeem its battered image over N8.8 billion judgement debt, the management of Innoson Vehicles Manufacturing Limited. has said the recent Supreme Court judgement is entirely against the bank. IVM’s clarification becomes necessary following GTB’s attempt to deploy legal technicalities to confuse members of the public through a statement issued at the weekend. According to the bank in a statement signed by Erhi Obebeduo, “the judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian…

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Supplementary elections: CISLAC berates deliberate sabotage

Sunday Ojeme

The Civil Society Legislative Advocacy Centre (CISLAC) has condemned in totality the open display of lawlessness and rascality involving indiscriminately massive deployment of hoodlums in the conduct of supplementary gubernatorial election in Kano state. In a statement made available to Newsfieldglobal, the civil society organisation said while election constituted a formal citizenry decision-making process by which a population chooses a credible individual to hold public office, “we find it disturbing that citizens’ choices and decisions were largely influenced and determined by high incidences of vote-buying facilitated by hoodlums and party…

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Five-year-old Nigerian girl molested in Dubai hotel

admin

A cleaner stood trial in the Dubai Court of First Instance on Sunday on charges of sexually abusing and performing an indecent act with a five-year-old girl. The Nigerian girl was lying down on a sofa at a hotel apartment in Deira where she lives with her family. Her parents had left her with her grandmother, when the Pakistani cleaner sought permission to clean the apartment. The girl’s grandmother took her two siblings into another room. By the time, she returned to check on the girl, the cleaner had left…

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Inconclusive elections: CISLAC calls for electoral justice

Sunday Ojeme

The Civil Society Legislative Advocacy Centre (CISLAC) has expressed concern over outcome of last week’s gubernatorial elections in some states of the federation. CISLAC is particularly worried that elections in some states including Sokoto, Bauchi, Adamawa, Pleateau and Kano were declared inconclusive. In a statement signed by the Executive Director, CISLAC, Auwal Ibrahim Musa (Rafsanjani), and made available to New Telegraph, the civil society group said the apparent disproportionate declaration of the state electoral outcomes by the Independent National Electoral Commission (INEC), especially across states whose results were declared inconclusive,…

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Waste to Wealth: Firm engages 400 people in recycling

Dayo Ayeyemi

In order to turn urban waste to wealth, a manufacturing firm, Lexsz Plastic, has engaged over 400 employees for the collection of various beverage pet bottles and classification of plastic waste for recycling. Besides, the company said it has invested in four production lines refining and processing the entire West African region’s plastic recycling. According to the Executive Director of the company, His Royal Highness, Oba Olufemi Akowe, the firm had taken the lead in waste to wealth management by empowering both the public and private sector operators in clearing…

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Elumelu decries growing joblessness in Africa

Sunday Ojeme

Founder, Tony Elumelu Foundation, Mr. Tony Elumelu, has flayed the growing joblessness with the African continent. Delivering a keynote address at the AfricaNow Summit 19 in Kampala, Uganda, Elumelu, who also the Chairman, United Bank for Africa (UBA), said it was time development partners teamed up in the 21st Century in a manner that is different to curb joblessness since government per se does not even create the kind of employment to check the menace. According to him, “the joblessness we have in Africa cannot be fixed by government alone.…

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580 young scientists picked for Lindau Nobel Laureate meeting

Sunday Ojeme

The Council for the Lindau Nobel Laureate Meetings has released letters of acceptance to 580 young scientists from 88 countries to be part of this year’s meeting. During the 69th Lindau Nobel Laureate taking place from June 30 to July 5, 2019, the young scientists will come together with 42 Nobel Laureates in Lindau, Germany. This year’s edition is dedicated to physics; key topics are cosmology, laser physics and gravitational waves. A statement released by Head of Communications, Gero von der Stein, said the selected young scientists were outstanding undergraduates,…

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E-payment: Cheque transactions plunge to N5trn

admin

From an all-time high of N17.8 trillion recorded in 2009, value of cheque transactions has been on steady yearly decline to hit an all-time low of N5 trillion in 2018, New Telegraph has learnt. The volume of transactions also dropped to nine million from 10.8 million in 2017, according to statistics released by the Nigeria Interbank Settlement System (NIBSS). The decline is attributed to the growing preference for electronic payment channels, which are considered faster than cheque. For instance, in 2018, transactions over Point of Sales terminals, which is one…

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Oil, gas investors, others rally to end funding fuss

admin

Organiser of the annual sub-Saharan Africa Upstream Oil and Gas Summit, ZPT, declared at the weekend that it was providing opportunities for an exchange of ideas on best practices between investors and regulators across the East Africa region to solve the funding fuss rocking the sector. Known as Zenith Professional Training, ZPT maintained in a statement that its forthcoming conference would seek to exploit the opportunities in the East African oil and gas industry with a special focus on Tanzania. Chief Executive Officer of the company, Oladapo Ayoola, who said…

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