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Defence/Security

NSCDC arrests 11 suspects, impounds three trucks of crude oil in Delta

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NSCDC arrests 11 suspects, impounds three trucks of crude oil in Delta


The Nigeria Security and Civil Defence Corps (NSCDC), Delta Command, has confirmed the arrest of 11 suspects and impounding of three trucks of stolen crude oil in the state.

The State Commandant, Mr Chike Ikpeamaonwu who disclosed this on Thursday in Asaba, said the command also secured the conviction of three suspects within the last three months.

He said activities of the command in his first hundred days in office, was hampared by the COVID-19 pandemic, which he said, affected his plans and vision upon his assumption of office in April.

“During the period of the last three months, we arrested 11 suspects and impounded three trucks of stolen crude oil.

“However, there were some challenges too. The Coronavirus pandemic affected my take-off and information gathering.

“Because, as you know, our work is more of surveillance. We had to revive the Asaba Marine Team of the anti-Vandalisation Unit of the Corps at the River Niger.

“These and other interventions have helped the command curb vandalism in the state and as I speak to you now, the rate of vandalism has reduced drastically,” Ikpeamonwu said.

The commandant also disclosed that the command had trained and mobilised officers in the discharge of the lockdown enforcement duties in the state.

According to him, the command also trained five agro managers and sends them to Edo to assist in carrying out emergency duties.

The NSCDC boss further stated that the command intercepted a lorry carrying 80 persons who violated the inter-state lockdown last May and rescued a three-week-old baby.

He enjoined media practitioners in the state to always verify information at their disposal, before going to the press, to aviod offensive publication.

“Our doors are open at all times, so we appeal to journalists and other media practitioners to reach us in issues relating to our command.”

He lauded Gov. Ifeanyi Okowa for the recent donation of three vans to the command to help in protecting the pipelines and illegal bunkering surveillance duties.

Edited By: Chinyere Nwachukwu/Ismail Abdulaziz (NAN)

Carol Utulu: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

General news

Obaseki denies alleged unfair award of contract to ICPC

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Gov. Godwin Obaseki of Edo has denied the allegation of bloated contracts, using his company, Afrinvest Ltd., to siphon state’s funds.


Obaseki’s denial is contained in a statement issued by his Special Adviser on Media and Communication Strategy, Crusoe Osagie and made available to the News Agency of on Tuesday in Benin.

NAN reports that some members of the People’s Democratic Party (PDP), under the aegis of ‘Concerned PDP members’, had petitioned the Independent Corrupt Practices and other related offences Commission (ICPC), alleging unfair awards of contracts to companies in which the governor had a personal interest.

The petition was authored by one Andrew Egboigbe, who claimed to be a PDP member in Ward 3, Orhionmwon LGA of Edo, on behalf of the other petitioners.

Osagie states: “Our attention has been drawn to the baseless petition to the Independent Corrupt Practices and other related offences Commission (ICPC) published in the media on Tuesday, Aug. 4.

“In the petition, one Andrew Egboigbe, who is said to be a member of the People’s Democratic Party (PDP) in Ward 3, Orhionmwon LGA of Edo State, accused Gov. Obaseki of unfair award of contracts to companies.

“The allegation is false and a feeble attempt to tarnish the image of the Edo State Governor.

“Edo, under Gov. Obaseki, prides herself as one of the most transparent states in the management of finances.

“As a matter of fact, Edo has been rated highly by the World Bank and other development institutions for her openness and transparency in the allocation of scarce resources, beginning with the process of making her budget, awards of contracts and release of funds to contractors’’.

He stated that the Edo government understood that during the electioneering times that the state is in currently, such bogus and baseless claims could be sponsored the opposition.

“As we head into the election, our eyes are constantly on the ball and we will not be distracted by such falsehoods,’’ he said.

Edited By: Abdulfatah Babatunde (NAN)

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General news

Obaseki denies alleged unfair award of contracts

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on


Gov. Godwin Obaseki of Edo has denied the allegation of bloated contracts, using his company, Afrinvest Ltd., to siphon state’s funds.


Obaseki’s denial is contained in a statement issued by his Special Adviser on Media and Communication Strategy, Crusoe Osagie and made available to the News Agency of on Tuesday in Benin.

NAN reports that some members of the Peoples Democratic Party (PDP) on the platform of ‘Concerned PDP members’, had petitioned the Independent Corrupt Practices and other related offences Commission (ICPC), alleging unfair awards of contracts to companies in which the governor had a personal interest.

The petition was authored by one Andrew Egboigbe, who claimed to be a PDP member in Ward 3, Orhionmwon Local Government Area of Edo, on behalf of the other petitioners.

Osagie states: “Our attention has been drawn to the baseless petition to the Independent Corrupt Practices and other related offences Commission (ICPC) published in the media on Tuesday, Aug. 4.

“In the petition, one Andrew Egboigbe, who is said to be a member of the Peoples Democratic Party (PDP) in Ward 3, Orhionmwon Local Government Area of Edo, accused Gov. Obaseki of unfair award of contracts to companies.

“The allegation is false and a feeble attempt to tarnish the image of the Edo State Governor.

“Edo, under Gov. Obaseki, prides herself as one of the most transparent states in the management of finances.

“As a matter of fact, Edo has been rated highly by the World Bank and other development institutions for her openness and transparency in the allocation of scarce resources, beginning with the process of making her budget, awards of contracts and release of funds to contractors’’.

He stated that the Edo government understood that during the electioneering times that the state is in currently, such bogus and baseless claims could be sponsored the opposition.

“As we head into the election, our eyes are constantly on the ball and we will not be distracted by such falsehoods,’’ he said.

Edited By: Abdulfatah Babatunde (NAN)

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Economy

Dollar slips as yields dive on recovery worries

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The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan.


This is as the latest coronavirus relief package stalled in Congress and United States yields sank on the prospect that further monetary easing might be needed to support the economy.

A hardening perception that the United States recovery is lagging Europe has buttressed the euro, which has repelled a rebound in the dollar and rose back above $1.18 on Wednesday.

At the same time speculation that stalemate over fiscal policy in Washington could leave the Federal Reserve with more to do, has hastened a steady decline in United States yields – undermining the dollar more broadly.

Sterling, the Australian dollar and the kiwi all climbed back toward pre-pandemic highs, while the yen rose and gold soared as real yields plumbed record lows.

“United States economic outperformance, relative to the eurozone and Japan, is no longer guaranteed given the damage from the COVID-19 pandemic,’’ said Tai Hui, J.P. Morgan Asset Management’s chief strategist in Asia.

“Dollar interest rates are also converging to other developed economies’ interest rates, which means that the dollar is less appealing,’’ Hui said.

He added it is difficult to see the Fed easing policy ahead of its global peers.

The Australian dollar led gains among the majors with a 0.4 per cent rise to $0.7189.

Ten-year Australian government debt now yields about 31 basis points more than 10-year United States government debt, up from 16 basis points two months ago.

The New Zealand dollar rose 0.3 per cent to $0.6646, catching some support from a surprise dip in the jobless rate.

The yen rose 0.1 per cent to 105.60 per dollar and sterling edged higher to $1.3091.

Even the Chinese yuan, which had struggled to capitalise on the dollar’s weakness amid simmering Sino-United States tensions, forged higher to a five-month top of 6.9570 per dollar in onshore trade.

Other Asian currencies also made gains, notably the Malaysian ringgit, which was stronger than 4.2 per dollar for the first in five months.

The dollar has been sliding since March, but its prime antagonist in recent weeks has been the euro, which in July posted its best month in almost 10 years.

That has the common currency more or less back where it began life in 1999 and has many investors convinced it can keep climbing as a Europe-wide fiscal relief package anchors recovery and allays perennial worries about the bloc’s stability.

“Right now, looming long-term negative United States issues – like the dollar’s reserve status as the United States and China decouple – are at the forefront of FX concerns and not the euro’s structural problems,’ said Deutsche Bank strategist, Alan Ruskin.

“The door to $1.20+ remains wide open,’’ he said.

For now, eyes are on Washington where White House negotiators have vowed to work “around the clock” with congressional Democrats to try to reach a deal on coronavirus relief by the end of this week.

The next economic updates are due later on Wednesday, with services surveys in Britain and Europe in the morning and United States private payrolls data around 1215 GMT.

Investors expect steady services growth in Europe and a slowdown in the United States in hiring, with surprises on any front likely to illuminate the apparent divergence between Europe and the United States

Analysts at ING have also noted that equity investors have yet to really buy into the European recovery story – and say a pile-in could provide even more support to the currency.

“Buy-side surveys suggest that investors are still heavily overweight United States equities, especially tech stocks, and are minded to rotate into the Eurozone and see the euro as cheap,’’ said ING’s global head of markets, Chris Turner.

“If that rotation comes to pass … then euro/dollar may be a $1.25 story after all.’’

AIB

Edited By: Abdulfatah Babatunde (NAN)

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Defence/Security

Mobile Police Training School, not personal asset of I-G – Police

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The Police say the Mobile Police Training School in Nasarawa State  was a national security legacy project and not a personal asset of the Inspector General of Police (I-G), Mr Mohammed Adamu.


The Force Public Relations Officer (FPRO), Mr Frank Mba, disclosed this in a statement on Tuesday in Abuja.

Mba said establishing the school in Endehu, Nasarawa State, was informed by overriding national security consideration on the need to strengthen the operational capacity of the special forces of the Nigeria Police Force.

He said that the IGP had not used his office to threaten Mobile Police Commanders into generating millions of naira monthly through illegal means for the project.

”It is on record that the parcel of land where the institution was sited was donated to the Police with the full complement of the Certificate of Occupancy by the Governor of Nasarawa State.

“The acquisition of the land was, therefore, without any financial commitment by the Police.

”The construction of the facility was achieved with the support of the Nasarawa State Government and well-meaning corporate bodies within the context of their Corporate Social Responsibility (CSR).

”All the support so extended were not in cash but in form of donation of materials,” he said.

Mba said that the only involvement of some Squadron Commanders was to ensure the delivery of some of the construction materials so donated by the corporate bodies.

He said the construction of the project through corporate intervention was a demonstration of the commitment of the Force leadership to meet its obligations to citizens.

According to him, this is not the first time  corporate organisations and governments at all levels are assisting the police to bridge operational and infrastructural gaps.  

 

Edited By: Chidinma Agu/Maharazu Ahmed (NAN)

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Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

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