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MTN Nigeria seeks relief from the Nigeria High Court against the Central Bank of Nigeria and the Attorney General of the Federation

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MTN Nigeria Communications Limited (MTN Nigeria) continues to categorically and unequivocally deny all charges related to the Central Bank of Nigeria (CBN) and Attorney General of the Federation (AGF) investigations into the company’s CCIs and unpaid taxes respectively.
As previously disclosed the CBN has alleged improper dividend repatriations by MTN Nigeria and requested that $8.1 billion be returned “to the coffers of the CBN” whilst the AGF has alleged unpaid taxes on foreign payments and imports and that approximately $2.0 billion in relation to these taxes be paid to the Federal Government of Nigeria (and now directed that the payment of the $8.1 billion is dealt with through his office rather than as directed by the CBN). MTN Nigeria has denied these allegations and claims. Furthermore, four commercial banks were issued fines in respect of the administration of the CCI and irregular dividend repatriation and requested to return, in aggregate, the same $8.1 billion.
In order to protect MTN Nigeria’s assets and shareholder rights within the confines of the law, we have applied today in the Federal High Court of Nigeria for injunctive relief restraining the CBN and the AGF from taking further action in respect of their orders, while we continue to engage with the relevant authorities on these matters.
Commenting on the developments, MTN Nigeria Corporate Relations Executive Tobe Okigbo said:
“The allegations being made involve issues that appear to be complex and so are easily misunderstood and misinterpreted. They are made even more confusing when the relevant authorities send conflicting messages and instructions and act in a way that appears un-coordinated and at cross purposes.
The simple reality is that MTN Nigeria has never repatriated dividends on the CCIs referenced by the CBN and that MTN is fully compliant with Nigerian tax law.
With situations like this, it is vital for both the government, regulators and the company to have absolute clarity on the nature of both the allegations being made and the processes that are being followed. In the absence of this clarity, our only option is to seek judicial intervention and to ask the courts to act as adjudicator. This has been done today.”
MTN remains fully committed to Nigeria and remains resolute that the company has not committed any offences and will continue to defend its position vigorously.
The company will continue engaging with the relevant authorities, and further information will be provided as and when available.


BHM

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Nigeria’s president Buhari said economy in “bad shape” -State Governor

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Nigeria’s President Muhammadu Buhari said the country’s economy was in “bad shape”, the governor of a northwestern state told reporters on Friday after a meeting with governors from across the country.
Buhari will seek a second term in an election to be held in February in which the economy is likely to be a campaign issue. Africa’s top oil producer last year emerged from its first recession in 25 years, caused by low crude prices, but growth remains sluggish.
“Mr President, as usual, responded by telling us that the economy is in a bad shape and we have to come together and think and rethink on way forward,” Abdulaziz Yari, who chairs the Nigeria Governors’ Forum, told reporters when asked how Buhari answered requests for a bailout to some states.

“Mr President talked to us in the manner that we have a task ahead of us. So, we should tighten our belts and see how we can put the Nigerian economy in the right direction,” said Yari, who is Zamfara state governor. He spoke to journalists in the capital, Abuja.
The main opposition candidate, businessman and former vice president Atiku Abubakar has criticised Buhari’s handling of the economy and said that, if elected, he would aim to double the size of the economy to $900 billion by 2025.
Nigeria’s economy grew by 1.81 percent in the third quarter of this year, the statistics office said on Monday. And on Friday it said the inflation rate rose slightly in November to 11.28 percent compared with a year ago.

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Nigerian lawsuit-Lawyers for the Nigerian government said they had filed a $1.1bn lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.

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– Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.
The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in which former and current Shell and Eni officials are on the bench.
“It is alleged that purchase monies purportedly paid to the Federal Republic of Nigeria were in fact immediately paid through to a company controlled by Dan Etete, formerly the Nigerian minister of petroleum, and used for, amongst other things, bribes and kickbacks,” the statement said.

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Nigeria’s economy grew 1.81 pct in Q3, driven by non-oil sector, stats office says

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Nigeria’s economy grew 1.81 percent in the third quarter of 2018 from a year earlier, pushed higher by the non-oil sector, the statistics office said on Monday.

The figures are a slight improvement from the previous quarter, when a slowdown in growth sparked fears that Africa’s biggest oil producer might enter recession for the second time in three years.

But a sluggish recovery since 2017 could bode poorly for President Muhammadu Buhari, who is seeking a second term in February 2019 elections and for whom economic rejuvenation has been a key pillar of policy.

The non-oil sector grew 2.32 percent in the third quarter, the National Bureau of Statistics (NBS) said, adding that information and communication services were the main driver of the expansion.
Oil production rose slightly to 1.94 million barrels per day (mbpd) in the period, from 1.84 mbpd in the previous quarter, yet the sector’s growth contracted 2.91 percent from the previous year when production was at 2.02 mbpd, the statistics office said.

 

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Ugandan crowned 2018 Miss World Africa

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Miss Uganda, Quiin Abenakyo was crowned Miss World Africa at the Miss World 2018 finals in Sanya city, China.
The world’s oldest running international beauty pageant, Miss World brings together beauty queens from all over the world.

By Saturday morning, Abenakyo had made the top 12 finalists in the competition. The other competitors were from Belarus, France, Scotland, Jamaica, Martinique, Mexico, Panama, Mauritius, Nepal, New Zealand and Thailand.
Born in eastern Uganda, the 22 year old is a graduate of business computing. She is the first Ugandan to win the Miss World Africa crown.

During the 2018 Miss Uganda competition, Abenakyo beat 21 other contestants to win the crown.
In the days leading to the final vote, Ugandans had been mobilising over social media to build support for Abenakyo.

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We Can’t Expect People Who Destroyed Our Past To Improve Our Future – YPP’s Getso

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The Vice-Presidential candidate of the Young Progressive Party (YPP), Umma Getso, has warned that it will be a mistake to expect those who have governed Nigeria before to solve its problems.
She said this on Friday during the NEDG/BON Vice-Presidential Debate, which was held at the Transcorp Hilton in Abuja.
“To be candid, YPP is a party that is here to bring a new thing,” she said.
“It is a party that is founded with the new ideology to bring a new set of politicians because we cannot expect people who destroyed our past to come and improve our future tomorrow.”
According to her, her party will, among other things, focus on girl-child education if voted into power.
“I have a passion for the girl-child education and I spent the early part of my adulthood in the development of the common Nigerian,” she said.
Getso who briefly introduced herself as the daughter of a former Senator from Bauchi State stated that her background had equipped her to serve people well.
She explained that her belief that Nigeria would get better prompted her to join the race with YPP’s presidential candidate, Professor Kingsley Moghalu.
While stressing that Nigerians were yearning for better leadership, Getso stated that the YPP was committed to creating that paradigm shift in leadership styles.
She added, “As a mother of three, I have been through the lowest level of Nigeria’s standard of living and I know how Nigerians are suffering. I know that there is no substantial thing from 1999 till date that a typical Nigerian will show today.”

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Salah wins BBC African Footballer of the Year award

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Mohamed Salah has won the 2018 BBC African Footballer of the Year award.

The Liverpool and Egypt forward, who was the top choice from a five-man shortlist in an online vote of supporters, retains the prize he also won a year ago.
Salah finished ahead of Reds teammate Sadio Mane in the poll, as well as Medhi Benatia (Morocco), Kalidou Koulibaly (Senegal) and Thomas Partey (Ghana).
The No.11 enjoyed one of the greatest debut seasons in Liverpool history, scoring 44 goals to help the club reach the Champions League final, and then represented his country at the World Cup.
And his form has continued into the current campaign; his winner against Napoli in Tuesday’s Champions League tie increased his tally for the season to 13 strikes.

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Nigeria suffered major infrastructural deficits in 16 years of PDP rule, Osinbajo says

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The Vice President, Prof. Yemi Osinbajo says Nigeria suffered major infrastructural deficits in the 16 years of the Peoples Democraty Party’s (PDP) rule.
Prof. Osinbajo said this on Friday in Abuja at the 2019 Vice Presidential Debate organised by the Nigeria Election Debate Group in collaboration with the Broadcasting Organisation of Nigeria (BON) and Civil Society Organisations.
The debate featured Ganiyu Galadima of the Allied Congress Party of Nigeria (ACPN); Khadija Abdullahi-Iya of the Alliance for New Nigeria (ANN), and incumbent Vice President, Yemi Osinbajo of the All Progressives Congress (APC).
The other two were Peter Obi of the Peoples Democratic Party (PDP) and Umma Getso of the Young Progressives Party (YPP).
Vice President Osinbajo noted that corruption was the major cause of the country`s current challenges and must be tackled head-on.
He said the country`s Gross Domestic Product had consistently gone up under the All Progressives Congress (APC)-led administration which he added was building the country`s infrastructure, especially the road and rail sector.
While acknowledging issues of poverty in the county, Osinbajo said the administration’s social investment programmes were put in place to address poverty in the country.
He said the administration was investing heavily in power distribution to address the problem of electricity supply in the country
Dr Peter Obi, PDP Vice Presidential Candidate, however said that job creation remained the key to address insecurity and other anti-social vices in the country.
He decried inequality, poverty and high crime rate in the country which he said was caused by unemployment.
Obi stressed that the country`s main problem remained its economy which he said was under the purview of the Vice President.
According to him, if his party is voted into office in 2019, he will do all it takes to set the country’s economy on the right footing.
“The vice president has a role to build the economy and make the country work, fighting corruption is not a policy,” he said.
Obi gave assurance that he would remain loyal to the President and Nigerians, adding that he had never had issues working with people.
Also speaking at the debate, Mrs Umma Getso, Young Progressives Party Vice Presidential Candidate said girl-child education and women empowerment was her priority.
According to Getso, subsidy in petroleum products was a scam and should be removed completely.
She emphasised the need to rebuild the country`s economy which she said is all encompassing, adding that her party would ensure constitutional restructuring and electricity redistribution.
Alliance for New Nigeria Vice Presidential Candidate, Khadijah Abudullahi-Iya said her party, if voted into office, would ensure transparency in government`s institutions, diversification of the economy and address issues surrounding petroleum subsidy.
She also said that her party had in place policies that would address unemployment, and encourage free trade to grow the economy.
Alhaji Ganiyu Galadima, Allied Congress Party of Nigeria Vice Presidential Candidate said his party would work with technocrats to develop the country`s economy and make her the envy of other nations.
He said his party would privatise all government businesses to make them more productive.

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Knocks for Peter Obi for quoting dubious statistics

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Fact checkers went to work Friday night to puncture some of the statistics quoted by Peter Obi, the vice-presidential candidate of the opposition Peoples Democratic Party at the live TV debate at the Transcorp Hilton Hotel in Abuja.
In arguing that petrol subsidy that he estimated to be a trillion naira a year was a waste, Obi said there are only two million vehicles in Nigeria.
Fact-checking revealed otherwise. According to National Bureau of Statistics(NBS), Nigeria has over 11.5million vehicles on the road, as at 2017.
Obi also claimed that intra-African trade is just a mere 9 per cent. He was proven wrong. Intra-African trade, according to Afreximbank Africa Trade Report 2018, is estimated at 15 per cent. In 2016, this was estimated at 18 per cent of its total exports and imports. IMF even gave an estimate of 20 per cent of the total trade volume of about one trillion dollars.
Obi was correct when he said oil exports still accounts for 80 per cent of Nigeria’s dollar revenue. However, oil contribution to GDP has dwindled to about 10 per cent, according to NBS.
But he was caught out when he claimed that his administration as governor of Anambra state was the first to buy up to 30,000 computers for schools. Twitterati said Governor Kayode Fayemi bought more in his first term in Ekiti State. He reportedly bought 48,000 Samsung laptops, 30,000 for students and 18,000 for teachers.
Despite the statistical goofs, Obi was praised by many PDP sympathisers for his performance during the debate.
Aminu Tambuwal, governor of Sokoto state, who had not tweeted for a long time, wrote:

 

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Life & Style

Linda Ikeji dumps baby daddy, then she gets lashed on Twitter

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Controversial blogger, Linda Ikeji triggered derision from fellow Nigerians on Twitter on Friday after she disclosed that she and her baby Daddy, Sholaye Jeremi have parted ways.
The 38 year old blogger had taken to her blog to give reasons why her relationship with her son’s father whom she met in Dec. 2015, didn’t work out as she had expected.
Instead of attracting sympathy, she was rebuked for her hypocrisy, of living the life of those she had criticised in the past, over issues such as pre-marital sex and single motherhood.
Ikeji, who welcomed her son, Jayce on Sept. 17 in Atlanta, Georgia, has had many Nigerians, before now, wondering the real story behind her and Jeremi.
In her `epistle,’ she shared the strength and shortcomings in her relationship with Jeremi which eventually ended after she got pregnant for their son.
” By mid-2017, we were both still single and we started seeing each other again quietly. There were times it was very intense and we talked about a future together, and there were times that I couldn’t figure out what exactly I was doing with this guy.
” We were not suited for each other. Totally different lifestyles and there was the problem of my fame so I walked away from this man a million times and he came after me a million and one times.
” No matter how much I pushed him away, he kept coming back to me, because I couldn’t find anyone else, I kept going back. Lol! So I was basically going back to my ex because I couldn’t find anyone else,” she said.
According to her, after she got pregnant everything became extremely weird between them.
“We went from talking about the pregnancy and being okay with it, to literally not talking to each other anymore.
“When I was about three months pregnant, he did come to see my parents and actually became very cool with my dad. They were literally exchanging WhatsApp messages every day.
“He later agreed to a traditional wedding which he didn’t follow through and then he switched. He began to treat me with so much hate and aggression that I and my family had to cut him off completely.
“To be honest if anybody had told me when we met three years ago, considering how deeply we cared for each other that I would fall pregnant two years later and he would completely turn his back on me for most part of my pregnancy, I never would have believed it but that’s what happened.
“I thought God sent him as my life partner but I guess he just used him as a vessel for my greatest blessing. Now his part in my story is over.This one is done and dusted,” she said.
Here are some Twitter reactions to Linda’s story:

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Election Debate : I’m delighted with Peter Obi – Fayose

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Former Governor of Ekiti State, Ayodele Fayose, has commended the Peoples Democratic Party, PDP, Vice Presidential candidate, Peter Obi for an outstanding performance during the Vice presidential debate held on Friday night in Abuja.
He said that Obi demonstrated a high level of understanding of issues relating to the economy compared to other candidates.
Fayose in his twitter handle said he was delighted with Obi’s performance and his level of intelligence.
He wrote on his official Twitter Page, “Delighted that our VP candidate, Peter Obi demonstrated high level of understanding of issues relating to the economy of this country.
“In PDP, we have brains in abundance, while in the other party, they have lies in abundance. We will surely get Nigeria working again.”
It will be recalled that on Friday night, five candidates contesting for the vice presidency, engaged in a debate.

Those who participated were, Yemi Osinbajo (APC) Peter Obi (PDP) Umma Getso (YPP) Alhaji Abdulganiyu Galadima (ACPN) Khadijah Abdullahi-Iya (ANN)
Their responses and opinions drew mixed reactions from Nigerians.

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