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December 6, 2023 Local Government Chairman Auctions Council Property Before Expiration of Term

Local Government Chairman Auctions Council Property Before Expiration of Term

The Chairman of Ijumu Local Government Area, Kogi State, Taofiq Isah has allegedly auctioned properties worth hundreds of millions of naira belonging to the Local Government Area, less than one month to the end of his tenure.

Various items belonging to the local government area ranging from motor vehicles, typewriters, motorcycles, furniture, cooking utensils, mowers and other items were put up for sale to raise funds for the council following the freezing of state and local government accounts by the Governor, Alhaji Yayaha Bello, last week.

The items allegedly sold included: two Toyota Corolla, 1.8 salon 2014, Toyota Camry salon, Toyota Hummer Hiace Bus belonging to the Legislative Council, Toyota Hiace Conference bus and that of the NULGE, Toyota Camry Salon Car Envelope, 2 Toyota Sienna, Ford Hilux Vans, Ford Jeep, Toyota Pick Up Van, Quiqui, Dyna Van and other vehicles.

Also listed to have been allegedly sold are other government valuables such as ploughs, harrows, tractor scrap, tractors (Ursus 4512), MF3755,  new Holland, 2 cat graders 120G and others which were reportedly sold for N16,560,000.

The remaining items, the source said, are: four television sets, five standing fans, generators, four refrigerators, typewriters, motor saw, and so on.

The Chairman, in a reaction, however retorted that the items sold were moribund items with little or no economic value to the Council.

A statement issued in response to the allegation by the Special Assistant to the Chairman, Media and Publicity, Othman Hamidu,  clarified that the property sold were moribund, adding that the sale was handled by a professional and reputable auctioneer

The statement read in parts, “It is a known fact that the assets have become moribund over the years and impacting on the local government’s lean resources can be auctioned out at a specified amount determined by auctioneers and money gotten remitted to the Local Government’s account,” he said.

December 5, 2023 Nigeria’s Export Increases by 74.36% in Q3 Generating Over N1.99Trn

Nigeria’s Export Increases by 74.36% in Q3 Generating Over N1.99Trn

Nigeria’s external sector recorded a modest improvement last quarter (Q3) as trade surplus rose by 47 per cent quarter-on-quarter (QoQ) to N1.89 trillion compared to N1.28 trillion posted in the second quarter (Q2).

As expected, crude dominated exports accounting for N8.5 trillion or 82.5 per cent of the country’s total exports.

The value of non-crude oil exports stood at N1.8 trillion, an equivalent of 17.5 per cent out of which non-oil products contributed N677.56 billion or 6.6 per cent.

The National Bureau of Statistics (NBS), in its Nigeria’s foreign trade in goods statistics for the quarter released yesterday, put the country’s total merchandise trade at N18.804 trillion.

According to NBS, the value indicates an increase of 54.62 per cent over the amount recorded in Q2 as well as by 53.16 per cent when compared to the value recorded last year’s Q3.

The total exports accounted for 55.02 per cent of total trade in the reviewed quarter with a value of N10.35 trillion, showing an increase of 60.78 per cent and 74.36 per cent over the value recorded in the preceding and corresponding quarters respectively.

On the other hand, imports accounted for 45 per cent of total trade with its value amounting to N8.46 trillion. The figure indicates an increase of 47.7 per cent and 33.33 per cent respectively over N5.73 trillion and N6.34 trillion recorded in the preceding and the corresponding quarters of 2022.

“Q3 2023 merchandise trade balance amounted to ₦1.888 trillion indicating a positive balance of trade. The significant rise in exports and imports in the third quarter of 2023 compared to the preceding and corresponding quarters was largely driven by a considerable increase in trade activities within the period,” the report said.

It disclosed that the value of re-export stood at N35.95 billion, representing 0.35 per cent of total exports in Q3.

Ivory Coast, Gabon, Ghana, Cameroon and South Korea were the top five re-export destinations.

Analysis by trading partners in Q3 shows that Spain recorded the highest exports from Nigeria with a value of N1.27 trillion or 12.31 per cent of the country’s total exports. This was followed by India with N1.02 trillion or 9.81 per cent.

The Netherlands with N988.66 billion or 9.56 per cent, Indonesia (N758.59 billion or 7.33 per cent) and France with N720.45 billion or 6.96 per cent) came next.

“Altogether, exports to the top five countries amounted to 45.98 per cent of the total value of exports. However, analysis by traded products shows that the largest export value in the third quarter of 2023 remained ‘petroleum oils and oils obtained from bituminous minerals, crude’ with N8.54 trillion, representing 82.5 per cent this was followed by ‘Natural gas, liquefied’ with N1.016, accounting for 9.82 per cent, and ‘urea, whether or not in aqueous solution’ with N109.68 billion or 1.06 per cent of total exports,” the report said.

December 5, 2023 President Tinubu Dragged to Supreme Court Over Inauguration

President Tinubu Dragged to Supreme Court Over Inauguration

President Bola Ahmed Tinubu has been dragged before the Supreme Court for allegedly unlawfully presenting himself for inauguration as President, despite a pending legal action against the conduct of the 2023 presidential poll.

Citing the doctrine of “lis pendens”, a presidential candidate in the 2019 and 2023 general election, Albert Ambrose Owuru, is asking the apex court to nullify the inauguration of Tinubu as winner of the 2023 presidential poll.

Owuru, a constitutional lawyer, contends that the presidential election, which produced Tinubu, was an exercise in futility and illegal self-help, given his yet-to-be-determined suit against Tinubu and others at the Supreme Court.

The pending Supreme Court suit (No. SC/667/2023) has A.A. Owuru and Hope Democratic Party (HDP) as appellants while respondents are former President Muhammadu Buhari, Attorney General of the Federation, Independent National Electoral Commission, and Tinubu.

Owuru is arguing that Tinubu’s declaration as President by INEC is an affront to the Supreme Court and established law by reason of “lis pendens”. He added that since Tinubu is a party in the pending suit before the apex court, he ought not to have presented himself for inauguration, in respect of any presidential poll.

Owuru contested the 2019 presidential election on the platform of HDP against former President Buhari and claimed to be adjudged winner of the poll, against the declaration of Buhari by INEC and again in 2023.

His suit seeking an order of court to declare him the adjudged and constitutional winner of the 2019 election, and currently pending before the Supreme Court, was on May 18, this year, voluntarily joined by Tinubu as an interested party.

In a fresh motion on notice served on Tinubu through the chambers of Wole Olanipekun, the ex-presidential cadidate is also praying the Supreme Court for an order restraining the respondents and particularly Tinubu from further operating the federation account, pending the determination and resolution of the constitutional questions against the 2023 election.

December 4, 2023 5 Die in Calabar-Itu Road Auto Crash

5 Die in Calabar-Itu Road Auto Crash

Five persons have died, while 11 others were injured in a fatal auto crash that occurred on Saturday, along the Calabar-Itu highway which trasverses Akwa Ibom and Cross River State of Nigeria.

The accident which occurred at about 3 p.m. was between a Nissan Caravan with registration number GWB532XY and a Mark Truck with no registration number.

This was according to a statement issued by the Sector Commander of the Federal Road Safety Corps, Akwa Ibom Command, Mr Matthew Olonisaye, on Sunday.

The statement signed by the Public Enlightenment  Officer of the command, Mr Paul James, attributed the cause of the accident to speeding, adding that the accident could have been avoided if the motorists had adhered to safety regulations.

“A fatal crash occurred on Saturday, December 2, 2023, along the Itu-Calabar Road by Ayadehe at about 1510hrs.

“The crash involved a Nissan Caravan with Registration number GWB532XY and a Mark Truck with NO registration number.

“Eleven males and five females were involved, and three out of the five females and two out of the 11 males involved were confirmed dead, while the remaining 11 male and female occupants sustained injuries of various degrees.

”When the report of the incident was received, the FRSC operatives mobilised and moved over to attend to the situation. Upon arrival at the crash scene, the injured ones were moved to nearby hospitals for prompt medical attention while the bodies of the deceased were deposited at the morgue.

“When an inquiry was made as to the cause of the crash, it was gathered that the causal factor to the crash was speed-related according to eyewitnesses. After evacuation of the victims, the road was cleared of the wreckages to enable free-flow of traffic.”

Meanwhile, the sector commander warned road users especially motorists against speeding, wrong-way drive and indiscriminate parking.

While reiterating the need for safety consciousness among drivers, the sector commander advised passengers to ensure that drivers were not ignored when deviance to road safety is observed.

He commiserated with the families of the deceased, and wished the injured quick recovery.

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