[Video of Protest] Vote And Die, IPOB Threatens Anambra Residents

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November 11 in 2011 - Islamic militants associated with Boko Haram attacked police stations, churches, and banks in Damaturu, 150 dead

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Tomorrow marks 22 years anniversary [November 10, 1995] that Saro-Wiwa and 9 Ogoni indigenes were murdered by hanging by the Abacha regime.

Press Release: 2019: Sule Lamido writes PDP members, seeks party ticket

Attention Editors, 

For immediate release

2019: Sule Lamido writes PDP members, seeks party ticket

Former Governor of Jigawa State, Dr Sule Lamido has written to members of the Peoples Democratic Party PDP, informing them of his decision to fly the party's flag in the next presidential election. 

Lamido in a letter to all PDP members across the country said all the party needs to reposition the country is to take over power in 2019 and bring it back to its path of recovery.

Lamido lamented that the nation has departed from the dreams of its founding fathers.

"Today, 57 years after the independence of our dear country, can we in all sincerity claim to have achieved the dream of our founding fathers? Where did we fail and from where did we begin to fail? Nigeria with its natural endowment and human capacity cannot be forgiven for being otherwise. We cannot even demonstrate our ability and capacity to meet domestic, regional and global challenges which currently seems to overwhelm us."

"The PDP will and  must lead the nation back into a bright, progressive, and innovative future," Lamido's letter reads.

He said the PDP must rekindle in Nigeria a new hope, a nation of united people with a common and assured destiny.

"To the world, Nigeria must demonstrate our confidence, tenacity in our ability and capability to address our domestic regional and global challenges that confront us.

It is against this background that I offer myself to vie for the office of the president of the Federal Republic of Nigeria in 2019 if my party finds me worthy to fly its flag." The letter reads.

Lamido noted that the PDP have enough talents to salvage the nations from its current woes.

"I am no means claiming to be the only capable material, any PDP member given the trust and support can fly our flag, and I expect many more aspirants will express the desire to run. My hope and prayer is that at the end of all the process which I hope will be open, fair transparent and credible is to give Nigeria in 2019 candidate who will lead the party and Nigeria. This is because there is no alternative to PDP in 2019, it will be a defining moment in the Nigerian political evolution," Lamido said in the letter.   

He said why the clamour for restructuring rages, the most important aspects of addressing the Nigerian economy by creating prosperity will make the debate less emotional and sentimental.

"Our imperfect union as a federation should not be an excuse for our legendary failure which appears to have found vent in the call for restructuring, a union of multi-ethnic multi-lingual and multi-religious can certainly task the best of human capacities, but that is precisely the challenge and how to work on it and build a nation of people of a common destiny, and this is where the PDP must raise to the challenge. The starting point is where the PDP began in 1998 and critical to it is creating an open environment in which every Nigerian must not only been seen to be, but must be an equal stakeholder and therefore restoring trust and faith in our shared union and this PDP was able to achieve in its first four years," Lamido said.

     END

For Umar Kyari

Ex UNIMAD student leader in jail for criticizing Gov Masari

Ayodele Samuel Lagos

A former student union leader from university of Maiduguri Ibrahim Bature  Dutsenma  has been remanded in jail for criticizing Kastina state Governor Aminu Bello Masari.

Ibrahim Bature was on 29th August arrested and charged before a Kastina Magistrate Court on for spreading falsehood against the state government and has since been remanded in prison.

Ibrahim Bature had posted a video on his social media platforms criticizing Governor Masari's plans to obtain a loan despite all the allocation received from the Federation account including the bailout of the paris club refund paid to the state in two trenches.

The Arewa youth Council (AYC) in a statement has given the Katsina state government 48hours to either free Ibrahim Bature  or ask the judge to commence  hearing of the suite. 

The statement signed by it President -General Comrade Bello Roba said it's will shut down the state if the ultimatum is not comply with.

"Failure to do so, will risk the collapse of all activities in the State as we're ready to mobilize our armless battalion to katsina state within the time frame. We see the court oder to remind Bature in prison yard as nothing but callousness, abuse of fundamental human right and upturning of rule of law. It's a move to kill democracy in Nigeria which all lovers of justice and freedom must condemn, it therefore requires our collective Solidarity to speak the truth to the power that be," Roba said.

Also Comrade Mohammed Auwal Jibrin, a former NANS leader in a separate statement said effort to bring the matter again after the adjoining the case to another date for sitting was not successful as the magistrate keep adjoining for unknown reason.

 Ibrahim Bature a former student union leader from university of Maiduguri  presently hold masters of science with specialisation in animal physiology from the Ahmadu Bello University Zaria.

He had launched his 2019 gubernatorial ambition under the Green Party of Nigeria GPN, after the not too young to run bill was passed.

Fidelity Bank Grows Deposits to N795.6bn In Nine Months

Fidelity Bank Plc, one of Nigeria's highly diversified financial institutions has announced its Unaudited Results, for the 9 months ended 30 September 2016, disclosing that the Bank's deposit base grew to N795.6 billion in spite of the current economic turmoil. This represents a 3.4 percent increase from N769.6 billion recorded in the corresponding period of 2015 Financial Year (FY). According to the lender, the devaluation of the Naira accounted for N53.6 billion of its deposit growth.  This result was contained in a statement issued by the Bank. The Bank's gross earnings also rose to N110.3 billion from N107 billion, representing a growth of 3.0 percent in the period under review.

Commenting on the financial results, the Managing Director/Chief Executive Officer of the Bank, Nnamdi Okonkwo pointed out that the Bank's performance was indeed reflective of the recessionary environment characterized by lower government revenues, rising inflation, lower consumer disposable income, significantly tougher operating environment in all sectors and the impact of these headwinds on asset quality and foreign trade transactions. According to the Fidelity boss, "We continued with the disciplined execution of our medium term strategy and recorded decent growth on some key operational metrics while moderating the impact of the headwinds above on other financial indices."

The unaudited financial statement also stated that Profit before Tax (PBT) decreased by 28.7 percent to N9.8 billion from N13.8 billion in the period under review. Giving cogent explanations for the relatively poor performance in this regard, the Fidelity helmsman noted that PBT declined largely due to "a 102.0 percent Year-on-Year (YoY) growth in impairment charge (N4.0bn) driven significantly by increased provisions made in the second quarter (Q2) and third quarter (Q3) of 2016 (N4.1 billion and N3.2 billion respectively) due to the impact of the devaluation of the local currency (naira) on our trade finance portfolio and some critical sectors affected by the weaker macroeconomic indices."

He further added that a 95.7 percent YoY (N1.3bn) decline in dividend income on equity investments as well as a 8.9 percent YoY growth in operating expense were also responsible for the decline in profit. According to him, growth in operating expenses was driven essentially by increased technology and advert costs. On a Quarter-on-Quarter (QoQ) basis, he stated that gross earnings grew by 10.7 percent to N39.9bn driven by a 22.6 percent growth in Interest Income. "The Interest Income growth was largely driven by 25.6 percent (N5.4bn) growth in Interest Income on Loans while Interest Income on Liquid Assets increased by 13.5 percent (N0.9 billion) for the quarter", Okonkwo said. 

On a QoQ basis, the report stated that NIM increased to 7.0 percent from 6.5 percent in H1 2016 as the increase in the Bank's average yield on earning assets (0.8 percent) outpaced the growth of its funding cost (0.4 percent). "The increased yields on earning assets was driven by the re-pricing of the loan book and higher yields on liquid assets. Deposits grew by 3.4 percent (N26.0bn) from Dec 2015…" he explained. Low cost deposits, according to Okonkwo currently accounts for 78.4 percent of total deposits, adding that savings deposits grew by 20.4 percent from December 2015 as the Bank continued to implement its retail banking strategy which is being driven by its electronic products and channels.

"We have crossed the half a million customer base on subscribers to our flagship Instant Banking product:*770# (Mobile Phone USSD Technology) and we will be launching payment services to merchants using our Instant Banking product (*770#) in Q4, 2016", Okonkwo disclosed. Risk assets grew by 26.1 percent (N150.8bn) from Dec 2015 with the devaluation of the naira accounting for 20.4 percent (N118.2bn) of our loan growth. Foreign currency loans now constitute 45.3 percent of total loans up from 40.4 percent in Dec 2015 due to the currency devaluation. The organic loan growth of 5.6 percent was principally driven by on-lending facilities to the public sector. Cost of risk increased to 1.5 percent in 9M 2016 due to the N7.2bn impairment charge taken in Q2 and Q3 2016.

"We have continued to take a very prudent view of the impact of the currency devaluation, tougher operating environment and declining consumer disposable income on selected sectors of our loan portfolio. "NPL ratio increased to 4.5 percent largely due the macro-economic weakness which has negatively impacted on our asset quality metrics. "We are still focused on keeping our NPL ratio below 5.0 percent in this very challenging operating environment. Our other regulatory ratios (Liquidity Ratio / CAR) remained above the set thresholds, though Capital Adequacy Ratio improved from 16.4 percent in Q2 2016 to 16.8 percent in Q3, 2016, we expect CAR to revert to 18 percent+ once we adjust for the excess non-distributable reserves (N23bn) in our 2016FY audited accounts."

The Bank's key objectives for the 2016 Financial Year (FY) remains: redesigning its systems and processes to enhance service delivery, cost optimization initiatives to moderate expenses in a rising inflation environment, proactive risk management, increased customer adoption/migration to our digital platforms and increasing our retail banking market share".

NYP DAY: Youth can save Nigeria from economy woes

A member of the Nigerian Youth Parliament representing Taraba Central Youth Senatorial district, Jinadu Garvey Yawe has urged the Federal Government to tap into versatility of Nigerian youths to find a way out of the current economy recession.

Addressing a press conference to commemorate the 8th Nigerian Youth Parliament Day in Jalingo, Yawe said Nigerian youths has the potentials to boast the nation's economy and saved it from collapsing, saying Nigeria is blessed with a fantastic young population.

He said despite the economy recession many Nigerian youths are striving with various creative ideas in agriculture, entertainment, ICT, real estate among others.

"Nigerian youths have the potentials to boast the nation's economy and saved it from collapsing, with various creative business and entrepreneurial ideas among young adults, no doubt our economy will raise again.

"Young people should be give special consideration in every economic policy because we are the worse victims of bad economy policy," Yawe added.

According to Yawe, Nigerian youths deserve to be encouraged by all arms of government, while calling on all tiers of government to support the activities of Nigerian Youth Parliament as a best practice by many developed Democracies.

He however called on Nigerian Youths to be patriotic and law abiding by shunning all forms of anti-social voices and engaging in meaning venture that will help build a strong, united and prosperous Nigeria.

Late President Umaru Musa Yar'Adua had on 25th-August, 2008 inaugurated the First session of Nigerian Youth Parliament, a Youth Legislative body which serves as a training ground that teach, train and motivates Young People and creates a platform for Legislative and leadership skill acquisition.

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EROSION THREATENS FELELE COMMUNITY IN LOKOJA

Following the imminent ecological disaster threatening Felele community in Lokoja local government area of Kogi State, the President General of the town, Mr Ibrahim Abdullahi has raised alarm over the erosion problem, calling on quick intervention by the government.

Rising from an emergency town hall meeting, the community noted that any further delay could see the community cut off by erosion.

Felele community, linking Okene/Abuja road has been washed away by erosion leaving ditches which cut off the major road in the community.

Also the community further pleaded with both the state and federal governments to come to their rescue by embarking on recovery of the road through asphalt and drainage construction.

Abdullahi, however commended the Lokoja local government, Kogi State and the federal governments on their interests in the community but pleaded with them to see the erosion menace as an embarrassment to the state.

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