Monday, January 11, 2016

Associate of President Buhari returns N100million to Economic and Financial Crimes Commission

A former military governor of Kaduna State and chieftain of the ruling All Progressives Congress, Jafaru Isa, has refunded N100million of the N170 million he allegedly received from embattled ex-NSA, Sambo Dasuki.

Mr. Isa, a retired brigadier-general, was arrested on Wednesday by operatives of the Economic and Financial Crimes Commission, at his Asokoro residence in Abuja.

Mr. Isa, a political associate of President Muhammadu Buhari, was grilled for several hours in connection with about N170 million he received from Mr. Dasuki.

A reliable source familiar with the matter told PREMIUM TIMES the APC chieftain and member of the 19-man Buhari Transition Committee was released after refunding N100million to the anti-graft commission.

The source said Mr. Isa pledged to return the remaining N70million soon.

“We let him go after returning the sum of N100million. We are expecting him to return the rest soon,” the source said.

According to him, some of the suspected recipients of the slush funds who claimed they had no idea the money sent to them was taken from the public till were handed opportunities to return what they got from the former NSA but refused.

“We offered them the chance of returning the money honorably but they keep deploying tactics to avoid prosecution, while also going away with the loot,” he said.

A close associate of Mr. Isa told PREMIUM TIMES that Mr. Dasuki lodged over N100 million into Mr. Isa’s account in instalments to buy a house, located on Mohammed Mohammed Avenue, Kano, for the former NSA.

PREMIUM TIMES gathered that deposits were in turn made by Mr. Isa to the owner of the house, Ali Tukur, in two instalments.

However, the house purchase deal collapsed as a former Minister of Finance, Yarima Ngama, reportedly offered to pay the sum of N150 million cash when Mr. Dasuki reneged on the payment agreement.

Those familiar with their relationship say Messrs. Isa and Dasuki have been close friends since their cadet days at the Nigerian Defense Academy (NDA) and had spent four years together while on military training in the United States.

The Peoples Democratic Party had on Sunday protested the release of Mr. Isa barely eight hours after his arrest while its own spokesperson, Olisa Metuh, remained detained.

The PDP, in a statement signed by its National Legal Adviser, Victor Kwon, said there could be no clearer indication that the APC-led administration was on a manhunt against PDP leaders, and that it had a personal grudge against Mr. Metuh, ostensibly for his stance as opposition spokesperson, particularly his recent exchange with the government and the APC over their dictatorial activities.

““The release of Jafaru Isa, a known associate of the President and chieftain of the APC eight hours after his arrest while our spokesman remains in detention even when the two are being investigated over the same allegation clearly shows that the President Buhari-led APC government is not fighting corruption but using the much hyped crusade as a cover to persecute PDP leaders and decimate the opposition, a project the EFCC has clearly yielded itself as a willing tool,” the statement said.


Premium Times

Friday, January 8, 2016

Video - Bail for Nigeria defense minister and son set at $3 million



The High Court in Abuja, Nigeria has granted a staggering Three Million US Dollars bail, to the country's former defence Minister and his son facing money laundering charges. Bello Haliru Mohammed and Abba Bello's bail is equivalent to the money they are alleged to have stolen. As CCTV'S Kelechi Emekalam reports, the bail terms may be well beyond the accused means.

Panasonic builds assembling plant in Nigeria

Japan based electronics giant, Panasonic has established an assembly plant in Lagos to complement its manufacturing plant in India. In a statement, Shinichi Wakita, Managing Director of Panasonic, Middle East and Africa, said the company is extending the manufacturing of its air-conditioners and TV sets to the shores of Nigeria.

He disclosed that the company is making this commitment in partnership with SIMS Nigeria Limited, an electronics and home appliances marketing/distribution company in Lagos. “As a contribution towards the society which is based on our basic business philosophy, we are establishing our local manufacturing unit for air-conditioners and TVs in Lagos. We believe this will make a small contribution towards job creation and the economy of Nigeria.

“Africa is one of the fastest growing economies with a rising consumer class; setting up this manufacturing base in Nigeria is our strategy to deal with the business challenges in this market. We will be working closely with the Nigerian population with an aim to provide products which are ‘locally-fit’ and in accordance with their demands,” he said.
Andrew Uwazuruike, an electronic dealer, commended the company for its decision to establish their assembly plant in the country.

“This is a welcome development. A lot of people have been making demands for Panasonic products but we don’t really have it in the market. But now that the company has partnered with SIMS for distribution, we are very happy that we can purchase their products and sell them without stress,” he said.

An Oyo-based dealer, Dayo Fagade, described the return of Panasonic as a huge relief that will enable him provide his customers quality products offered by the company. He revealed that he has always recommended the Japanese products to its customers due to their durability, innovation and quality.

“Panasonic is a big brand that needs no further introduction. We just want to appeal to Panasonic and SIM to make the products available all across the country, especially at the beginning of the year where people buy more electronic items,” he said.

Also, a consumer in Ikeja, Suliat Farouk said she has always loved Panasonic products because of their easy-to-know features. She urged the company to further consolidate their presence in the country and also make the product available in the North where, according to her, ‘there is a big market for electronic products’.

Vanguard

MTN Nigeria acquires Visafone

MTN Nigeria on Thursday said that it had completed the acquisition of Visafone, the only surviving Code Division Multiple Access (CDMA) network in Nigeria’s telecommunications industry.

MTN Executive, Amina Oyagbola, made this known in a statement in Lagos.

Ms. Oyagbola said the acquisition of Visafone was in line with a continued commitment by MTN to improve the quality of broadband services for its subscribers.

She said the acquisition, which sought to leverage resources for service enhancement, was also reflective of the company’s concerted efforts to deepen the growth and roll out of broadband services across the country.

According to her, the acquisition of the CDMA network was in support of the National Broadband Plan, for the benefit of Nigerians.

"We are committed to exploring avenues for meeting our customers’ increasing data needs in line with our vision ‘to lead the delivery of a bold new digital world to our customers."

"As we work to maximise our data capabilities towards achieving broadband of international quality, our objective is to ensure that Nigerians experience a boost in the quality of broadband internet services."

"This will translate to the much needed enhanced data speeds and value to enhance personal and business productivity."

"The acquisition of Visafone highlights MTN’s commitment to Nigeria. More capacity will facilitate enhanced product/service offerings and experience in the data space to the delight of our valued customers."

"Voice is still King. However, data is becoming increasingly important in our everyday lives and our energies are focused on enhancing data and internet services to the benefit of our customers and the country at large," she said.

Visafone is one of the leading CDMA/ICT companies in Nigeria, offering a number of services, which include voice, high speed data (3G), internet and other Value Added Services (VAS).

Visafone also provides business solutions to small and medium sized companies and corporate organisations in Nigeria.

The News Agency of Nigeria reports that over 2,000 employees of Visafone were disengaged with effect from January 5 and were paid three months salaries as severance package.

The only employees said to been left are those in the personnel and transmission departments.


Premium Times

Thursday, January 7, 2016

Film institute in Jos gets N600 million grant

The managing director of the Nigerian Film Corporation, Danjuma Dadu, on Tuesday said the National Film Institute, Jos, has received a grant of N600 million from the Tertiary Education Trust Fund to equip the institution for better productivity.

The institute’s chief executive officer disclosed this while briefing journalists during the opening ceremony of the Entrepreneurship Film Training Programme for Kogi youth.

The youth were sponsored by a federal lawmaker representing Kogi West, Umar Jibril.

Mr. Dadu said N300 million was first accessed to purchase critical equipment, while an additional N300 million was accessed for the building of classrooms and offices at the institute’s permanent site in Lamingo, Jos.

He said the grant was accessed through the University of Jos, and a part of it had already been used to purchase about 100 of the latest iMac computers with animation software as well as the construction of a sound complex for the institute.

“We are a monotechnic so we cannot access the TETFund. The only way was to go through University of Jos because UniJos supervises our degree programme and the Vice Chancellor, Prof. Haywad Mafuyai gave us his platform so that TETFund can assist the NFI.

“In the first stage, TETFund provided N300 million through the university and there is an additional N300 million now for the building complex at the permanent site.

“The contract has already been awarded; they are only waiting for TETFund to pay them the first tranche,” Mr. Dadu said while conducting journalists round the facilities.

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