October 10, 2016
Four die, two injured in accident
Four persons including three suspected armed robbers were yesterday confirmed dead after their vehicle fell on a mechanic.
The incident occurred around 2:20pm at the Iddo Terminus near Eko Bridge.
It was gathered that a gang of give armed robbers who snatched a grey coloured Hyundai JX35 marked SMK485CM from a priest, were fleeing when the vehicle skidded off the bridge and fell on a mechanic, Nwamba.
The pedestrian and three of the robbery suspects were said to have died instantly, while one escaped with injuries and the last suspect was rushed to the hospital.
It was gathered that a locally made pistol, a priest’s robe and a plague were found in the vehicle.
Lagos State Emergency Management Agency (LASEMA) General Manager Tiamiyu Adeniyi said the bodies were handed over to the appropriate agency.
“Preliminary investigation revealed that the vehicle was suspected to have been snatched at gun point with five suspected armed persons. Three of the suspected armed robbers died immediately, one escaped with injury while the fifth person was taken to the hospital.
“The dead bodies were taken to the mortuary, while vehicle was towed to Denton Police State, Ebutte Metta. Items found on them include: One locally made double barrel pistol with five live cartridges; one laptop; handset and a dollar note.
OPEC ‘lost over $1tr to drop in oil prices
The Organisation of Petroleum Exporting Countries (OPEC) lost over $1trillion in revenues from the drop in crude prices globally, the Secretary-General of the body, Mohammad Sanusi Barkindo, has said.
The OPEC chief, in a chat with reporters at the ongoing meetings of the International Monetary Fund (IMF)/The World Bank Group in Washington DC, said the energy sector also suffered a cumulative investment loss of 26 per cent and 22 per cent in 2015 and 2016.
The prospects for 2017 do not look any better, he said.
His words: “OPEC member nations have in the last three years lost over $1trillion in terms of revenue. In terms of investments into this industry, we have seen over 26 per cent reduction in 2015 and in this year so far, we are predicting a further contraction of about 22 per cent. And as I had mentioned in plenary, the prospects for 2017 are also looking very bleak.”
He lamented that for the first time in recent memory, OPEC is not only having three consecutive years of depressed oil prices, but also seeing contraction in capital investment, particularly in the upstream for three consecutive years.
Barkindo warned that “this is a very serious development that is threatening future supplies to the global community with the consequences on the fragile state of the economies”.
What most forecast agencies failed to get correctly was the length of time it was going to take for the market to rebalance, he said, pointing out that it was not only OPEC that missed the target, “but most agencies, including the IMF and World Bank which came up with models that were found wanting.
“Nobody expected this cycle to last this long and with the severe consequences on the huge revenues that we have lost,” Barkindo said, adding: “This is perhaps the longest cycle that we have seen in recent times, it’s taken us now into the third year of this correction.”
Barkindo said in response to the threat to the global economy as a result of shocks from the fall in crude oil prices, OPEC, on the 28th of September, “ took a proactive and timely decision to agree on a range of ceiling of 32.5 million barrels per day to 33 million barrels per day production for its 14 members” “This is the first time that OPEC has taken such a decision since 2008.”
The objectives of this decision, said the OPEC chief, “was to restore stability in the market and address the issue of high inventories,” which he put at a billion barrels, “depressing prices”
DSS concocting false stories, says Wike
Rivers State Governor Nyesom Wike yesterday berated the Department of State Services (DSS) for the arrest of judges over alleged corruption.
He described the defence of its action by the DSS as “deliberate misinformation and concocted stories to justify their unconstitutional assault on the nation’s judiciary”.
Wike said the DSS lacked the constitutional powers to be involved in the legal process to discipline a serving judicial official because “there is a legal process that must be followed”.
He spoke on Saturday night during a special dinner for the management and players of Rivers United at the Government House, Port Harcourt.
“The weak blackmail of the DSS will not lessen the crime they have committed against the Nigerian state by assaulting the judiciary,” Wike said, adding: “Their blackmail stories will not move me. They will concoct all kinds of stories to justify this undemocratic illegality perpetrated against the judiciary.
“It is really unfortunate that DSS would concoct a false defence that $2million (that is N900million) was found in the house of the judge. It is unfortunate that the DSS is coming up with flimsy excuses. “
Wike said apart from not condoning corruption, he would “never support any process that is targeted at ruining the nation’s judiciary”.
He said the National Judicial Council (NJC) had the responsibility to discipline erring judges, after which indicted judicial officers are handed over to the law enforcement agency for prosecution.
The governor said the police, the army and para-military agencies have their processes for the discipline of erring and corrupt officers.
“In the police, erring and corrupt policemen are first given orderly room trial, sacked and then appropriately prosecuted. For judicial officers, the DSS has no role.
“This impunity must stop. I am not in support of any judicial officer being involved in corruption. What we are saying is that the right things must be done. We must not do things that will jeopardise our hard earned democracy.
“If they had abducted the judge, they may go ahead to kill the judge and they will say that Rivers State is insecure.
“The way things are going, nobody should relax. Freedom comes with sacrifice. Independence comes with sacrifice. Liberty comes with sacrifice.
“We must resist this injustice. Nobody can intimidate Rivers people.”
The governor noted that contrary to DSS statement, he was with senior Rivers indigenes when he “stopped the DSS’ unconstitutional act”.
“I was there with our State and National Assembly members, former Deputy Speaker of the House of Representatives, Rt. Hon. Austin Opara , the PDP Chairman, Bro Felix Obuah and some caretaker chairmen. When they said I was with thugs, I just laughed.
Melaye faults DSS over invasion of judges’ homes
The Senator representing Kogi West, Senator Dino Melaye has faulted the invasion of the residences of some Supreme Court and High Court judges by operatives of Department of State Security (DSS).
Melaye said that there was no doubt that the DSS operatives acted outside their constitutional mandate.
The lawmaker in a statement in Abuja on Sunday noted that although there was the need to rid the judiciary of corruption, “the approach adopted by President Muhammadu Buhari was totally wrong and unacceptable.”
The All Progressives Congress (APC) Senator said that the invasion of the homes and arrest of the judges was condemnable especially when it is recognised that the agency conducted operation acted outside its core mandate.
He insisted that although judges have no immunity and could be tried, the use of DSS by government was “absolutely wrong and unacceptable.”
“I have studied the Act setting up DSS, Nigerian Intelligence Agency and DIA and can conclude that the DSS operatives went outside their core mandate. There is no doubt that many judges are corrupt. It is also important to state the need to sanitise the judiciary of corruption that make judges not to give commercial rulings which create terrible precedence in our legal system. Judges have no immunity and can be tried and should be tried but the use of DSS is absolutely wrong.
“The DSS operatives overstretched themselves and conducted investigations on the judges. They ought to have handed over their findings to the appropriate institutions of government: the Police or National Judicial Council for prosecution and punishment.
“The rule of law is a core value of governance and therefore must be guided jealousy. Prosecution of civil and corruption cases is not the responsibility of DSS. Internal security is the main duty of the DSS and they should stick to that.
“Gun-wielding DSS and police operatives had on Friday night and in the early hours of Saturday swooped on the residences of senior judges, breaking doors and threatening to harm their family members and aides.
“The judges affected in the raids carried out in Abuja, Port Harcourt and Gombe States were of the Supreme Court and Federal High Court judges
“At least two of the Justices were said to have recently ruled against the DSS and condemned its disregard of the laws of the land during its operations.
The arrested judges are Justice Sylvester Ngwuta (Supreme Court); Justice John Okoro (Supreme Court) and Justice Adeniyi Ademola of the Federal High Court in Abuja.
“The DSS also searched the residence of another judge of the Federal High Court, Justice Nnamdi Dimgba, but he was not arrested.”
Falana Wants EFCC To Probe Loans Given By Ex-CBN Governors
Human rights lawyer, Femi Falana, SAN, has said he would apply for an order of Mandamus to force the Economic and Financial Crimes Commission, EFCC, to investigate the deposit and loans granted by former governors of Central Bank of Nigeria, CBN, to some banks in the country. Falana, who stated this at a dinner organised by the executives of Senior Staff Club of University of Ibadan, who celebrated one of their members recently appointed by the Federal Government, said the loan ran into trillions of naira from 2006 to 2011.
According to him, it is important to know whether the money has been paid back to the treasury since the Federal Government claims the country is broke.
To him, it is unacceptable to say the country is broke when monies given out as loans or deposits are not accounted for, noting that the EFCC must probe, recover the funds and prosecute anybody found culpable.
Falana According to Falana, while a former Central Bank governor gave out $7 billion to 14 banks in 2006 without going through the parliament, another CBN governor, now an Emir, allegedly gave out $5 billion and in 2011, reportedly paid “N2.5 trillion to economic saboteurs while all that was appropriated by the parliament was N245 billion.
He said: “This university used to be one of the greatest in Africa and as matter of fact, in the 70s and 80s, it was the University of Ibadan radical scholars that subjected any idea from the seat of power to critical analysis. “Unfortunately, that is no longer the case and I think we must bring back the lost glory of this university.
Right now, neo-liberal scholars and agents of imperialism are calling the shots in our country. ‘’I expect the University of Ibadan to join issues with the government to know whether we are really broke or we are talking about a case of gross mismanagement of our resources.” “Please join us in an ongoing struggle by the Akotiletas in our country to sell whatever is left of our national assets, including the most lucrative business in Africa today, the LNG which has generated $33.2 billion.”
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