January 2012

INEC to Hold Fresh Governor Polls in Five States

Submitted by AA NIGERIA on 30 January, 2012 - 12:33

Leadership (Abuja)-Indications emerged yesterday that the Independent National Electoral Commission (INEC) might organise fresh primaries and elections in the five states whose governors were sacked last Friday.

Source:

http://allafrica.com/stories/201201300970.html

The Subsidy Funds Deceit

Submitted by AA NIGERIA on 30 January, 2012 - 12:33

Leadership (Abuja)-The last has definitely not been heard on how much the nation paid for fuel subsidy last year. At the resumed hearing of the House of Representatives probe on the management of fuel subsidy last week, a plethora of revelations were made. All were very astounding, bizarre and indicative of the fact that Nigerians were being asked to pay for the monumental fraud and inefficiency of those managing the subsidy.

Source:

http://allafrica.com/stories/201201300969.html

FGN Bonds - Investors Dump Short-Term Paper

Submitted by AA NIGERIA on 30 January, 2012 - 12:18

This Day (Lagos)-The push to inflation from the steep rise in the retail price of petrol and the on-going discussions on the draft 2012 budget oil price benchmark has forced investors to dump short-term bonds for long-term paper, THISDAY findings have revealed.

Source:

http://allafrica.com/stories/201201300893.html

CBN Withdraws N138 Billion From Circulation

Submitted by AA NIGERIA on 30 January, 2012 - 12:18

This Day (Lagos)-In continuation of its restrictive monetary policy stance, the Central Bank Nigeria (CBN) last week, withdrew a total of N138 billion from circulation through treasury bill auctions.

Source:

http://allafrica.com/stories/201201300884.html

Jonathan Loses AU Chair to Boni Yayi

Submitted by AA NIGERIA on 30 January, 2012 - 12:01

Daily Trust (Abuja)-President Goodluck Jonathan lost his bid to become chairman of the African Union yesterday when the West African bloc announced the selection of Benin Republic president Thomas Boni Yayi for the post.

Source:

http://allafrica.com/stories/201201300737.html

Supreme Court Sacks Five Governors

Submitted by AA NIGERIA on 30 January, 2012 - 11:58

Leadership (Abuja)-The Supreme Court yesterday sacked five state governors: Ibrahim Idris (Kogi), Murtala Nyako (Adamawa),Timipre Sylva (Bayelsa), Aliyu Wamakko (Sokoto) and Liyel Imoke (Cross River) who overstayed their four- year tenure.

Source:

http://allafrica.com/stories/201201300705.html

Blasts, Gunfire Heard in Kano

Submitted by AA NIGERIA on 30 January, 2012 - 11:35

Daily Trust (Abuja)-Gunmen bombed a police station late yesterday in Kano, the police and witnesses said, leading to an hour of gun battles in the city recently plagued by attacks from suspected Boko Haram followers.

Source:

http://allafrica.com/stories/201201300639.html

'Severe Punishments' Recommended For Building Collapse Culprits

Submitted by AA NIGERIA on 30 January, 2012 - 11:13

Daily Trust (Abuja)-The National Emergency Management Agency (NEMA) has recommended "severe punishments" for those who are technically or otherwise responsible for cases of collapse buildings.

Source:

http://allafrica.com/stories/201201300548.html

NHRC Seeks to Vet Bills on Human Rights

Submitted by AA NIGERIA on 30 January, 2012 - 11:09

Daily Trust (Abuja)-The National Human Rights Commission (NHRC) has requested state assemblies to forward copies of all pending and future bills before them to the Commission for vetting purposes to ascertain their compliance with human rights norms.

Source:

http://allafrica.com/stories/201201300542.html

Subsidy Probe - Presidency, PDP Pressure Tambuwal

Submitted by AA NIGERIA on 30 January, 2012 - 10:09

Daily Trust (Abuja)-Speaker Aminu Waziri Tambuwal of the House of Representatives is under intense pressure from the ruling People's Democratic Party (PDP) and the Presidency over the ongoing investigation into the management of the petroleum subsidy regime, Daily Trust heard in Abuja yesterday.

Source:

http://allafrica.com/stories/201201300360.html