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PDP On The Rampage, Presidency Alerts

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PDP On The Rampage, Presidency Alerts

The Presidency warned Monday that the Peoples Democratic Party,(PDP) facing an imminent defeat in the February polls, has embarked on various moves to “sow division and chaos’, in the country.

“They are attacking the courts and the police, they are molesting INEC commissioners. They are theatrical in spreading falsehoods against persons including the President”, said Garba Shehu, SSA to the President.

What provoked the latest reaction from the Presidency was PDP’s decision to ask the court make a declaration on President Buhari’s West African School Certificate.

Garba Shehu said the move was unwarranted and a waste of time as the Presidency has the record “of this and of higher qualifications obtained by hard work and truly merited by Mr President”.

Beside, he said the effort would amount to nothing.

“This certificate story is an old one. As Femi Adesina stated clearly, it is a settled issue in the courts. To approach the court to pursue a matter long settled by the temple of justice is an abuse of the judicial system. It is shameful, disgusting and disgraceful.

“It is clear to all at this time that the PDP, facing an imminent humiliating defeat wants to sow division and chaos by seeking the destruction of the institutional structures that support our young democracy.

“By doing these, they assume that they can take away attention from the discussions on issues gaining momentum in the country; the issue of internal security which has been jeopardised by years of near-zero investment under 16 years of the PDP; the provision of long-delayed infrastructure which the President is pioneering; corruption to which the PDP is incurably tied and the sustenance of the prevailing good days in the economy, a business-friendly government working day and night, creating more jobs and affordable life for the poor.

“This election isn’t about the settled issues of certification.

“No matter how honeyed their sweet words, don’t believe them.

“Their evil record can never be washed away. The PDP set a record of murdering opponents of government and corruption on a scale never seen anywhere before.

“They put the national security at stake by diverting huge budgetary allocations to service their greed. Don’t believe their honeyed promises”, Garba Shehu said.

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Nigerian News

IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

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IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

The ability of airlines to forecast and avoid turbulence would now be greatly enhanced as the International Air Transport Association, IATA, has inaugurated a turbulence aware data resource.

IATA said the system would pool and share turbulence date generated by participating airlines. The global body for airlines said before now, airlines had to depend on reports and weather advisories from pilots to offset the impact of turbulence.

IATA says the result would be the first global, real-time, detailed and objective information for pilots and operation’ professionals to manage turbulence.

It is expected that airlines operating in Nigeria would participate and benefit from this new system.

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Nigerian News

Oil Price Stability Buoys Nigeria’s Budget Benchmark

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Oil Price Stability Buoys Nigeria's Budget Benchmark

Nigerian budget benchmark appears buoyed by oil price stability as a result of cuts in production levels to which OPEC members have agreed.

The benchmark of sixty dollars was eroded by sustained drops in price. The high for the year was eighty-six dollars which dropped to about fifty-eight dollars last week.

It rebounded to sixty-two dollars per barrel last week, just as the federal executive council was to hold an emergency meeting on how the price drops would affect the Nigerian budget.

Opec countries had agreed to reduce daily production by eight hundred thousand barrels, while non-OPEC members decided to reduce production by four hundred thousand barrels per day.

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Business News

CBN And MTN Plan To Settle $8b Rift Out Of Court

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CBN And MTN Plan To Settle $8b Rift Out Of Court

It seems as though the Central Bank of Nigeria and telco giant, MTN, are trying to find ways of resolving the $8 billion rift between them. One of MTN’s lawyers is quoted as saying they are making moves toward an out-of-court settlement.

Meanwhile, counsels for both parties have secured another adjournment until late January.

Another $2 billion case involving MTN and the Nigerian attorney general’s office was adjourned as well last week until early January.  This case is related to alleged back taxes owed by MTN.  The telco giant has denied it owed the taxes.

The $8 billion case was a result of a charge against MTN for allegedly violating Nigeria’s extant laws.  In August, Central Bank of Nigeria sanctioned MTN Nigeria for allegedly using irregular certificates of capital importation to transfer $8.1 billion to South Africa on behalf of its offshore investors.

MTN is being asked to return the $8.1 billion to Nigeria.

Mtn group’s Nigerian operations account for one-third of its entire African market share.

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