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NEWS / Costain, Jibowu Bridges To Go
« Last post by cooljoe on Today at 06:19:46 AM »
•Jibowu, Costain bridges to be demolished   •Track-laying  begins in April

Minister of Transportation Rotimi Amaechi has expressed his dissatisfaction with the pace of work on the Lagos-Ibadan rail project.

It was the first time the minister would be hard since he began his monthly supervision of the China Civil Engineering Construction Corporation (CCECC) contractor handling the Lagos-Ibadan Standard Gauge line.

He said by now, he expected that the contractor would have commenced track laying, but has been assured by the engineers that rails could be laid in a month.

The minister also affirmed that the Jibowu and Costain bridges in Lagos State would be demolished, adding that he had a tour of the impediments with Governor Akinwunmi Ambode on Monday, where decisions were reached to pull the two bridges down.

He asserted that the December 2018 date for the $1.5 billion rail project remains sacrosanct.

The minister said: “I am telling them that I am not satisfied with the pace at which they are going.

“I am a layman, the Chairman and the MD are engineers. But as a layman, I think by now they should have started laying tracks in some areas and that I have not seen even though the MD said in one months the tracks can be laid.

“I want to see that we are ready to lay the tracks.”

The minister added that President Muhammadu Buhari would commission two locomotives and 10 coaches before Christmas.

On some of the challenges affecting the completion of the project, the minister said: “There is no way you can do construction without challenges in different forms and kinds and you have to address them.

“The challenges are not even here in Ogun, they are worse in Lagos. We are dealing with water, drainage, gas, power and the military. The only thing we are dealing with here is just gas and a few power transmission lines and we can manage it.”

On the demolition of Jibowu and Costain bridges, he said: “I was on a tour with Governor of Lagos Akinwunmi Ambode and we have agreed that the two bridges will come down.

He, however, expressed optimism that the project would be delivered by December next year.

Amaechi said: “Be rest assured that we are chasing the Chinese to finish in December 2018. Don’t forget the contract is three years and that is their argument but our own argument is that we need it before 2019 January.

On the commissioning of more coaches and locomotives, Amaechi said: “Two locomotives and ten coaches came into the country and the President will be commissioning it this December.

“We want to make sure that those travelling from Abuja to Kaduna are able to use the new coaches.”

Amaechi said track laying on the Lagos-Ibadan standard gauge line will begin in April 2018.

Speaking after the project’s steering committee meeting, which included management of the ministry, governments of Lagos, Ogun and Oyo, with the contractor, Amaechi said the delays was as a result of the challenges the contractor met on site.

By the earlier schedule, CCECC ought to begin track laying in December.

He said: “I have been assured that once the track laying starts, it would not stop until December, to enable Mr. President inaugurate it by January 2019.”

He restated commitment to the December 2018 deadline, saying the pace of work is encouraging.
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SPORTS / This is the hottest woman in the world
« Last post by kevinlews on Today at 06:19:10 AM »
Wow, she is one of the most beautiful girls I have seen
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NEWS / JAMB Remits N3b More To Federation Account
« Last post by cooljoe on Today at 06:18:27 AM »
•Board warns UTME candidates against fake questions

The Joint Admissions and Matriculation Board (JAMB) has remitted additional N3.6 billion to the treasury, its Registrar, Prof. Is-haq Oloyede, has said.

He said the N5.2 billion earlier sent to the treasury was not the total money the board actually transferred to the government.

He said this during a meeting with Executives of Colleges of Education Academic Staff Union (COESU) in his office in Bwari, Abuja.

Oloyede said more monies generated from the sale of 2017 admission documents were transferred, adding that the board had so far remitted N7.8 billion to the treasury.

He told the colleges of education executives that applicants were allowed to choose colleges of education as first choice institutions in the admission forms but most of them preferred to choose universities because the o’ level five credits requirement for admission into higher institutions was uniform.

COESU National President Nuhu Ogirima said the transfer of over N5 billion to the “nation’s ailing coffers would remain quite indelible”.

He said most matriculants put colleges of education as third choices in their unified tertiary matriculation examinations (UTME) forms, adding: “After the selection of the very best from the first choice list, the college of education system is left with no choice but the very low performing candidates.

“This does not augur very well for the teacher education system, especially at the colleges of education level.”

A six-man committee was later set up to review the admission requirements for the colleges of education.

Also yesterday, JAMB warned candidates  for the 2018 unified tertiary matriculation examination (UTME) about fake past question papers in circulation.

The board said the fake past questions in  circulation in CD are intended to defraud unsuspecting candidates.

The agency’s Head of Information, Dr. Fabian Benjamin, gave the warning in a statement issued yesterday in Abuja.

The statement reads: “The fake past questions in CD Rom titled “JAMB PRO CBT practice software for UTME” was purported to have emanated from JAMB in other to give credence to the products’ market and perpetuate their nefarious activities.

“The Joint Admissions and Matriculation Boards wish to dissociate itsself from the production and sale of the fake CD and warned the public to be vigilant and avoid being defrauded.”

Benjamin said the board had not authorised anybody or group to do so on its behalf.

According to him, preliminary investigation by the board showed that the past questions in circulation are fake and had no semblance to JAMB question papers both in context, content and forms.

“The board as a responsible and responsive organisation would not be part of any ploy to defraud innocent candidate and has put machinery in motion for any of her outlets and service providers not to be use as channel of exploitation or distribution of such fake items.

“Following the unfortunate development, the board has directed all its CBT centres to be wary of this CD in circulation in order not to be used as a channel to market this product.

“The board will continue to ensure that candidates applying for its examination are not misled.”

Some of these questions in the past have led to some brilliant candidates failing the examination because they relied on them.  Please be mindful of these cheats with www.jproonline.com as their website.

“Candidates are, therefore, advised to study for the examination and channel all enquires to any of the board offices nationwide for any redress, challenges or information,” the statement added.
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NEWS / Nigeria Plans To Boost Oil Output As Price Hits $65
« Last post by cooljoe on Today at 06:17:44 AM »
Less than two weeks after the Organisation of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Nigeria and Libya are planning to raise output next year. Oil price has hit $65, the highest in 30 months.

Brent crude prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts.

Brent crude’s international bench mark was at $ 65.07 a barrel at 0211 GMT.

U.S. West Texas Intermediate (WTI) crude futures were at $58.21 a barrel.

Britain’s Forties oil pipeline, the country’s largest at a capacity of 450,000 barrels per day (bpd), shut down on Monday after cracks were revealed.

“The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices,” said ANZ bank.

The jump in Brent prices widened its premium to WTI prices, making U.S. oil exports more attractive

While many ministers at the Nov. 30 meeting of the Organisation of Petroleum Exporting Countries (OPEC) suggested the two nations had joined the output-curbing deal, both are working to add to their peak production from 2018.

On Friday, oil company Total said its new Egina field offshore Nigeria was on track to start in 2018, adding 10 per cent to the country’s production.

The field will have a capacity of 200,000 barrels per day (bpd) and launch in the fourth quarter of 2018, counterbalancing production constrained by aging pipelines, perpetual theft and sabotage.

“That could certainly change the dynamics,” said Ehsan Ul-Haq, head of crude and products at Resource Economist, a consultancy.

The Nigerian petroleum ministry did not respond to a request for comment on the Egina field startup, and whether production elsewhere would be curtailed as a result.

On Saturday, the head of Libya’s UN-backed government met the head of Libya’s National Oil Corp (NOC) and the governor of Tripoli’s central bank to discuss how the corporation could get more cash to raise oil output next year.

The NOC received a quarter of its requested budget in 2017, hampering efforts to sustain oil output near 1 million bpd.

Any additional funds could help make crucial repairs to the country’s energy infrastructure, a regular target for militant attacks, and boost output above the roughly one million bpd mark where it currently stands.

Libya’s NOC has so far not spoken officially about the OPEC deal and declined a Reuters request for comment.

NO CAPS

The developments may come as a surprise to market observers, who, after the Nov. 30 meeting, believed Nigeria and Libya had agreed to participate in the OPEC agreement by imposing official caps at their peak 2017 production levels.

Instead, the two countries merely provided their production outlook for 2018 and an assessment that the combined total would not exceed 2.8 million bpd, their forecast output for 2017, two sources familiar with the matter told Reuters.

That outlook was dependent on both countries’ finances and security situation, one of those sources said.

The headline of a statement issued by Nigeria’s petroleum ministry on the day of the OPEC meeting stressed, in block capitals, that Nigeria and Libya were exempt from cuts.

Oil Minister Emmanuel Ibe Kachikwu emphasised in the statement that the nation’s condensates, a form of ultra-light crude, were exempt from any total, giving it leeway in calculations.

He added that there was “no obligation” to do anything.

Oil production from the two countries has averaged 1.7 million bpd and 900,000 bpd this year according to Reuters assessments.

It has swung in each country in a range of 340,000-350,000 bpd.
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Important Economic News 📰

The Federal Reserve raised interest rates during its last two December meetings – in 2015 and 2016. This December should be no exception to this trend. The US central bank has been preparing the market for this move for a while. 

The last time the Fed changed the federal funds rate was in June 2017. That time it raised the rate to 1.25%. The odds of another rate hike in December exceeds 90%.

The rate statement will take place Today Dec 13th at 21:00 MT time. The US dollar will likely stay volatile during these events in all currency pairs, especially in USD/JPY and EUR/USD.

Everyone will trade USD at 21:00 MT time. How about you? 
Trade Forex with us 👉 https://fbs.com/analytics/calendar

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NEWS / Court Of Appeal To Saraki: You Have Case To Answer
« Last post by cooljoe on Today at 06:15:35 AM »
The Court of Appeal in Abuja has reversed Senate President Bukola Saraki’s acquittal of false assets declaration charges.

The appellate court, in a unanimous judgment by a three-man panel, led by Justice Tinuade Akomolafe Wilson, ordered Saraki to return to the Code of Conduct Tribunal (CCT) for the continuation of his trial.

The court held that the prosecution led direct and credible evidence to establish a prima facie case against Saraki in three of the 18 counts contained in the charge for which he was tried.

The counts on which Saraki is to enter defence are 4, 5 and 6 in relation to his alleged failure to declare some houses he acquired in Ikoyi, Lagos.

In Count 4, Saraki is alleged to have falsified his Assets Declaration at the end of his tenure as Kwara State Governor in 2011 and on assumption of office as a senator in 2011 when he declared that he acquired No. 17A, McDonald, Ikoyi, Lagos.

The prosecution contended that the defendant falsely declared that he had acquired No 17A, McDonald, Ikoyi on 6th September 2006 from the proceeds of sale of rice and sugar.

In Count 5, he is also alleged to have falsified his Assets Declaration at the end of his tenure as Governor of Kwara State in 2011 and on assumption of office as a senator in 2011 when he declared that he acquired No. 17B, McDonald, Ikoyi Lagos.

The prosecution contended that the defendant falsely declared to have acquired No. 17A, McDonald, Ikoyi on 6th September 2006 from proceeds of sale of rice and sugar.

In Count 6, Saraki is accused of making a false declaration in the Assets Declaration Form at the end of tenure as governor in 2007 and on assumption of office as executive governor in 2007 when he failed to declare his outstanding loan liabilities of N315,054,355.92 out of the loan of N380,000,000 obtained from Guaranty Trust Bank Plc.

The CCT  on June 14, upheld Saraki’s no-case submission, discharged and acquitted him, a decision the Federal Government appealed.

The Appeal Court, in its judgment yesterday, resolved four out of the five issues identified for determination in favour of the appellant.

The court said the tribunal was wrong to have held that Saraki was not invited to make a statement in the course of investigating the allegations against him.

It said the Senate President made a statement in the course of investigation, which was tendered and admitted by the tribunal as Exhibit 46.

The appellate court also faulted the CCT’s decision that the joint investigation team constituted by the Code of Conduct Bureau (CCB) and the Economic and Financial Crimes Commission (EFCC) to investigate the allegations against Saraki was unknown to law.

It said there was no law forbidding the CCB from collaborating with other investigating agencies of government to effectively discharge its mandate.

The court also faulted the tribunal for holding that the prosecution failed to prove its case by not tendering the original copies of Saraki’s assets declaration forms and his statement.

It said the certified true copies (CTC) of the forms and statement were sufficient under the law to be admitted as exhibits in favour of the prosecution.

On whether the tribunal was right to have upheld Saraki’s no-case submission, the appellate court resolved the issue against Saraki.

After a thorough analysis of the evidence led by the prosecution, the appellate court said the prosecution led credible and direct evidence in respect of three counts – 4, 5 and 6 – of the 18-count amended charge, to warrant his being called upon to enter his defence.

The court said the prosecution was unable to discharge the burden of proof placed on him by the law in relation to counts 1, 2, 3, 7, 8, 10, 11, 12, 13, 14, 15, 16, 17 and 18.

It said some of the prosecution’s witnesses gave both oral and documentary hearsay evidence that are inadmissible in law. It also said the prosecution failed to call witnesses in relation to the 15 counts.

For instance, the court noted that the prosecution, though accused Saraki of earning double salaries from the Kwara State Government and as a senator, it failed to call witnesses from the Kwara State Government and the National Assembly in support of the allegation.

The court ordered that the case be remitted back to CCT for Saraki to enter his defence.

Other members of the panel – Justices Tenimu Y. Hassan and M. Mustapha – agreed with the lead judgment by Justice Akomlafe-Wilson.

A two-man panel of the CCT, headed by Danladi Umar, on June 14, 2017, upheld the no-case submission filed by Saraki after the prosecution, led by Rotimi Jacobs (SAN), closed its case after calling four witnesses and tendering 48 documentary exhibits.

In upholding the no-case submission, the tribunal dismissed the amended 18 counts preferred against Saraki on the grounds that the prosecution, was unable to establish any prima facie case against the Senate President.

Umar, in his lead ruling, exonerated Saraki, holding that failure of the prosecution to obtain his  statement and make it part of the proof of evidence was fatal to the case.

He adjudged as “absurd” that neither Saraki’s statement nor the report of the investigation said to have been carried out was produced before the tribunal.

He agreed with the defence team, led by Chief Kanu Agabi (SAN),  that the prosecution’s evidence had been manifestly discredited during cross-examination by the defence.

He added that the evidence adduced by the prosecution, led by Mr. Rotimi Jacobs (SAN), was “so unreliable that no reasonable tribunal could convict” based on it.

The tribunal chairman specifically noted that the third prosecution witness, Mr. Samuel Madojemu, who is Head, Intelligence Unit of the Code of Conduct Bureau, only gave hearsay evidence on the information the witness purportedly received from the EFCC.

But the Office of the Attorney-General of the Federation, through  Jacobs, on June 20, filed a 17-ground notice of appeal against the CCT’s judgment.

The Federal Government faulted all the grounds on which the CCT predicated Saraki’s acquittal, describing the entire judgment as unreasonable and unconstitutional.

Jacobs subsequently filed an appellant’s brief on July 28, formulating five issues for determination.

Saraki, through his lead counsel Agabi, also filed his respondent’s brief on August 22.

While adopting his appellant’s brief on November 22, Jacobs urged the court to grant the Federal Government’s appeal and hold that the judgment of the CCT was perverse. He also reiterated that the CCT erred by adjudging the oral evidence of the prosecution’s third witness, Madojemu, the Head, Intelligence Unit of the CCB, as hearsay.

I’ve been vindicated, says Senate President

Senate President Bukola Saraki yesterday described the Court of Appeal verdict as a vindication for him.

In a statement by his media adviser Yusuph Olaniyonu, Saraki expressed the belief that upholding a no-case-submission with regards to 15 of the 18-count charge confirmed his innocence.

“At least, today’s judgment has confirmed the position of the Tribunal that the prosecution’s case was entirely based on hearsay, not on any concrete evidence.

“The verdict of the Court of Appeal, just like that of the Tribunal before it, aligned with our position that the preposterous claims made during trial by the prosecution concerning operation of foreign accounts, making anticipatory declarations, collecting double salaries, owning assets beyond his income and failure to declare assets owned by companies in which the Senate President owns interests, among others, have fallen like a pack of cards and lack any basis.

“On the remaining three counts, which really touch on two issues, referred back to the Tribunal for the Senate President’s defence, it should be noted that the Appellate Court only gave a summary of its decision today promising to provide the parties with Certified True Copies of the judgment soon. As soon as it makes the details of the judgment available, our lawyers will review the grounds of the decision and take appropriate action.

“We remain convinced about the innocence of the Senate President on the three ( or two) counts because we believe the decision of the Court of Appeal is not consistent with the submissions made by both parties at the Tribunal. Thus, it is our view that that aspect of the judgment will not stand”.

Saraki added that his confidence and faith in the nation’s judiciary and its ability to dispense justice to all manners of people remained unshaken.
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Federal Polytechnic Kaura --2017/2018 1st, 2nd batch admission list Is Out call ON 08171644366 if your name is out and the sale of part-time form/Supplementary Form is out And the sale of Change of institute form,Transfer form,Change of course Form are all out Call 08171644366 on how to purchase the form and register online,For Admission Process on how to be admitted and mode of payment of School Fee And Acceptance Fee Contact Office of the registrar on 08171644366 for more Inquiry and also for admission assistance into 3rd batch
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