Obasanjo Under Attack And Many More News Headlines Today

 

For advising President Mohammadu Buhari not to seek a re-election and initiating the Coalition for Nigeria Movement (CNM), former President Olusegun Obasanjo came inder attack yesterday. THE NATION gathered that Nobel Laureate Wole Soyinka dismissed the CNM, saying he would need to have his head examined should he identifiy with the Obasanjo-inspired group.

THE PUNCH reports that M’belt Groups, Afenifere, Others Kick As ACF Rejects State Police. The Arewa Consultative Forum has rejected the proposal for the creation of state police, saying the privilege will be abused.The ACF’s position has, however, drawn heated reactions from organisations, including Middle Belt groups, pan-Yoruba socio-cultural group, Afenifere; and Civil Liberties Organisation.

NIGERIAN TRIBUNE says, All Recovered Asssets Will Be Sold Off-Buhari. President muhammadu buhari has said all misappropriated national assets recovered by the administration would be sold off and the proceeds paid into national treasury of the country for national development. Speaking in Daura, his hometown when he received representatives of social groups in daura Emirates on Monday, the President said this was to avoid a situation where such assets would bereturned to their previous owners as it happened after his ouster as military head of state in the 80s.

On the National Loot,DAILY INDEPENDENT reports that Fg Queries Magu, Keyamo Over Charges Against CCT Chairman. Abubakar Malami, Attorney-General of the Federation has asked the chairman of Economic and Financial Crimes Commission(EFCC), Ibrahim Magu, to explain why he instituted a two-count criminal charge at the High Court of the Federal Capital Territory against Danladi Umar, Chairman of Code of Conduct tribunal (CCT). Malami also asked Festus keyamo to explain who briefed him to file the charge against the CCT chairman.

THE GUARDIAN, Still On the National Loot says FG Queries Magu, keyamo Over Graft Charges Against CCT Boss. The Federal Government has queried the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, and an Abuja-based lawyer, Mr. Festus Keyamo. The reprimand followed corruption charges they filed against the Chairman, Code of Conduct Tribunal (CCT), Mr. Danladi Umar.

I Paid DSS Men, Others N1m To Bring In 661 Rifles- ACCUSED. LAGOS — Mamudu Hassan, one of the accused persons standing trial over unlawful importation of 661 sophisticated pump action rifles into the country last December, yesterday told a Federal High Court sitting in Lagos, that he paid a sum of N1 million to officials of the Department of State Security, DSS, and other security agencies to smuggle the guns out of Apapa Ports. VANGUARD reports that Mamudu, a retired Assistant Comptroller of Customs, stated this in a recorded video during his interrogation by men of the DSS.

And finally on the business news. Asssets Replacement Cost Pushes Insurance Industry Loss Ratio To 80%. High cost of asset replacement, fuelled by dollar scarcity during the 2017 financial year has shut up insurance sector loss ratio from 35 percent to 80 percent. BUSINESS DAY says This will undermine profitability of insurance companies in 2017, when last quarter and full year results of companies performance begins to roll in, analysts told BusinessDay.