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Daily Archives: March 5, 2019

BREAKING: CBN bans sale of forex to textile importers

The Central Bank of Nigeria (CBN) has directed commercial banks and bureaux de change operators to stop sale of forex for the import of textiles and clothing materials in the country.

Godwin Emefiele, governor of the bank, announced this at a meeting with stakeholders in the cotton sector in Abuja on Tuesday.

He said the restriction will help to encourage the growth of the industry.

“The CBN hereby place the access to FX for all forms of textile materials on the FX restriction list,” he said.

“Accordingly, all FX dealers in Nigeria are to desist from granting any importer of textile material access to FX in the Nigerian Foreign exchange market.

“In addition, we shall adopt a range of other Strategies that will make it difficult for recalcitrant smugglers to operate banking business in Nigeria. The details of those strategies will be unfolded in due course.”

Tributes pour in for first Nigerian pilot at Qatar Airways

Adeola Sowemimo, a Nigerian, has become the First female African to work as a pilot for luxury airline, Qatar Airways and fly the Boeing 787 Dreamliner aircraft.

Sowemimo, an indigene of Ogbomosho, Oyo state, took to her Facebook page to share a throwback photo of herself as a student of US-based Sunrise Aviation Academy in 2011.

“Days of little beginning… God be praised #ihavedominion,” the post read.

Announcing the news on Twitter, African Facts Zone wrote: “Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.”

View image on TwitterView image on Twitter

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

5,975 people are talking about this

A wave of positive acknowledgement, praises and congratulatory messages trailed the announcement.

Here are some reactions:

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

Chimaroke Ufomadu@ufomadu_chima

She’s written her name in Gold.

See Chimaroke Ufomadu’s other Tweets

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

Olufunmilayo O. Ale@LayoofBrent

Highly impressive! Great feat

See Olufunmilayo O. Ale’s other Tweets

For others, Sowemimo’s accomplishment is an inspiration to both young and old.

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

kaima chichika@johnkay70

My daughter watch this 😬😬😬 no more excuses 😟

See kaima chichika’s other Tweets

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

Moses Zangar, Jr.@mzangar

Excellent! What a man can do, a woman can also do – and do even better.

See Moses Zangar, Jr.’s other Tweets


Wetin concern me. They should fire on


Tell them the sky is big to accommodate all the lords and ladies of the sky

See Danymation👽‘s other Tweets

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

Neat Logistics Naija@NeatLogisticsNG

It’s not about background, color, where you are from…the heights you desire and reach for will not elude you if you believe and set your mind to achieve it. Success beckons, search for opportunities and you will find that they exists.

See Neat Logistics Naija’s other Tweets

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

Alagbe Olusegun@AlagbeOlusegun

Congratulations sweet Angel and lovely sister more to your cap ooooo. I wish you all the best and safe flight all through. Amen

See Alagbe Olusegun’s other Tweets

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

Dr Juliet Emudianugh@JulietEmudianug

Wow! Congratulations to Adeola. Proud of her, keep the flag flying.

See Dr Juliet Emudianugh’s other Tweets

Africa Facts Zone@AfricaFactsZone

Adeola Ogunmola Sowemimo has become the first Nigerian female Pilot to work for Qatar Airways, and also the first to fly the Boeing 787 Dreamliner.

View image on TwitterView image on Twitter

mooketsi sere@ketsiboy

Now this is something to marvel over. We’ll done!! 👏👏👏👏👏👏@ketsmansere

See mooketsi sere’s other Tweets

Sowemimo with husband

Even though the Middle East is home to some of the world’s biggest and most recognisable airlines like Emirates and Etihad, it’s an extremely challenging region for women hoping to get into the cockpit.

Qatar Airways is one of the first in the region to introduce female pilots with women accounting for 44 percent of the airline’s workforce as at 2018, Akbar Al Baker, its chief executive officer told UK’s The Independent.


Victory dinner: Buhari hosts officials of APC Campaign Council

President Muhammadu Buhari on Monday night hosted members of the All Progressives Congress (APC) Presidential Campaign Council (PCC) to a victory dinner at the Presidential Villa, Abuja.

Those in attendance at the dinner included the Secretary to the Government of the Federation, Mr Boss Mustapha, Chief of Staff to the President, Malam Abba Kyari, some ministers and presidential aides.

The president had on February 27 hosted members of the PCC Situation Room to a similar victory dinner at the State House.

Members of PCC  headed by the president and co-chaired by APC national leader, Asiwaju Bola Tinubu, who were inaugurated in January,  formulated and took charge of the 2019 APC Presidential Campaign Policy.

The Independent National Electoral Commission (INEC) had on February 27 declared the president winner of the 2019 presidential election  held on February 23.

Buhari was declared re-elected having polled 15,191,847 votes, winning in 19 states, to defeat 72 other candidates,  including Atiku Abubakar, the candidate of the Peoples Democratic Party (PDP) who scored 11, 255,978 votes.

Atiku won in 17 states and the FCT  to occupy the second position.

NEITI: Nigeria loses $16bn to Production Sharing Contracts

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion  in 10 years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies.

This was one of the highlights of  the latest report by NEITI released in Abuja Sunday. It was tagged “The Steep Cost of Inaction”.

It said that the losses were recorded between 2008 and 2017.

The study  done in conjunction with Open Oil, a Berlin-based extractive sector transparency group, found  that the losses could be up to $28 billion  if, after the review, the Federation were allowed to share profit from two additional licences.

NEITI, therefore, called for an urgent review of the PSCs to stem the huge revenue losses to the Federation.

It added that the review was particularly important for Nigeria  because oil production from PSCs had surpassed production from Joint Ventures (JV) with PSCs now contributing the largest share to federation revenue.

“Between 1998 and 2005, total production by PSC companies was below 100 million barrels per year while JV companies produced over 650 million barrels per year.

” By 2017, total production by PSC companies was 305.800 million barrels, which was 44.32 per cent of total production.

” Total production by JV companies was 212.850 million barrels, representing 30.84 per cent of total production.” It said.

NEITI stated that the Deep Offshore and Inland Basin Production Sharing Contracts provided for a review of the terms on two conditions.

“The first review was to be triggered, if oil prices exceeded 20 dollars per barrel.

“Section 16 (1) of the Deep Offshore and Inland Basin Production Sharing Contracts specifies that: The provisions of the Act shall be subject to review to ensure that if the price of crude oil at any time exceeds 20 dollars per barrel, real terms, the share of the Government of the Federation in the additional revenue shall be adjusted under the Production Sharing Contracts to such extent that the Production Sharing Contracts shall be economically beneficial to the Government of the Federation.”

NEITI observed that this review should have been activated in 2004 when oil prices exceeded the 20 dollars per barrel mark.

It added that although the review was not done in 2004, the judgement of the Supreme Court in October 2018 had mandated the Attorney General of the Federation to work together with the governments of Akwa Ibom, Rivers and Bayelsa States to recover all lost revenues accruable to the Federation with effect from the respective times when the price of crude oil exceeded $20 per barrel.

It further stated that the second review was to be activated 15 years following commencement of the PSC Act, where Section 16 (2) states that “Notwithstanding the provisions of subsection (1) of this section, the provisions of this Decree shall be liable to review after a period of 15 years from the date of commencement and every 5 years thereafter”.

The transparency watchdog disclosed that at inception in 1993, the PSC terms were drawn up to  attract oil and gas companies to invest in the exploration and production of offshore fields considering the risks involved coupled with low oil prices.

“Thus the PSC contracts were supposedly more beneficial to the companies. However, the Law anticipates that the companies would have recouped their investments when oil price increases and after many years of operations, hence the two trigger clauses in the Act.

“Since the Supreme Court judgement has addressed the condition for the first review, this second review was the focus of NEITI’s Policy Brief.

” This second review should have happened in 2008 and informed why it chose 2008 as the the start date for commencement of estimated losses in the model,” NEITI noted.

It explained that to determine the losses, the analysis was conducted for the seven producing fields of the 1993 PSCs, which are Abo (OML 125): operated by Eni; Agbami-Ekoli (OML 127 & OML 128): operated by Chevron; Akpo & Egina (OML 130): operated by Total and South Atlantic Petroleum; and Bonga (OML 118): operated by Shell.

Others, it said are Erha (OML 133): operated by ExxonMobil; Okwori & Nda (OML 126): operated by Addax; and Usan (OML 133): operated by ExxonMobil.

British museum to return Ethiopian Emperor’s hair after 150 years

A British museum has agreed to repatriate to Ethiopia two locks of hair taken from the head of the 19th-century widely revered  Emperor Tewodros II  some 150 years ago.

History has it that Tewodros chose to kill himself rather than give himself up to the British after the capture in 1868 of Maqdala, his mountain capital, in order to rescue some Europeans taken captive.

Hundreds of treasures were plundered by the British, including a gold crown and a wedding dress, which are in the collection of the V&A.

Ethiopia lodged a formal request in 2008 at various British institutions for the return of the treasures worth millions of dollars taken from the site.

The announcement comes at the end of a year-long commemorations marking 150 years since the Battle of Maqdala.

According to BBC, the National Army Museum on Monday said it had agreed to a formal request for the return of objects “considered to be of cultural sensitivity to Ethiopian citizens”.

Terri Dendy, head of collections at the museum, said: “Our decision to repatriate is very much based on the desire to inter the hair within the tomb alongside the emperor.

“Having spent considerable time researching the provenance and cultural sensitivities around this matter, we believe the Ethiopian government claim to repatriate is reasonable and we are pleased to be able to assist.”

The historic  Battle of Magdala, which resulted in  the fall of Emperor Tewodros, was the conclusion of the British expedition to Abyssinia.

The expedition  witnessed the battle between British and Abyssinian forces at Magdala in 1868.

In the mid-19th Century, Emperor Tewodros II had decided to modernise his empire, Abyssinia, by opening up relations with the British, but his letter to Queen Victoria requesting munitions and military experts  was ignored.

In protest,  the emperor detained the British consul and other missionaries, and Britain reacted by sending an army to the emperor’s fortress in Maqdala.

The Magdala invasion, often described as the largest military offensive by the British empire in Africa, saw  13,000 troops  deployed to free the British hostages as well as  capture and loot the emperor’s fortress.

The British were led by Robert Napier while  the Abyssinians were led by Emperor Tewodros II.

As the British won the battle,  Tewodros chose to take his life rather than give himself up to the British as prisoner of war.

Tewodros’s seven-year-old son, Prince Alemayehu, was also taken after the Battle of Maqdala and became a favourite of Queen Victoria.

The young prince, however,  died of pleuritis at 18 and was buried at St George’s Chapel at Windsor Castle at the request of  Queen Victoria.

Electoral officials intimidated, harassed in Bauchi – REC

The Resident Electoral Commissioner (REC) in Bauchi State, Alhaji Ibrahim Abdullahi, on Monday said voting during Presidential and National Assembly elections in Bogoro Local Government Area was characterized by intimidation and harassment of electoral officials.
Abdullahi said this while briefing leaders of political parties and stakeholders in Bauchi.

“Voting activities in Bogoro local government area of Bauchi State was characterized by intimidation and harassment of election officials.

“The results for Bogoro were declared and returned because the crises erupted after voting and collation were concluded.

“The collation officials were intimidated around 3 p.m. when voting and collation processes have been concluded at polling units and ward levels, therefore, we were only awaiting collation at Federal Constituency Centre,’’ he said.

Abdullahi said that apart from Bogoro, there were serious tension in Tafawa Balewa, Dass, Zaki and Gamawa Local Government Areas of the state during the polls.

“In spite of peaceful conduct of the election, there were little issues in Bogoro, Tafawa Balewa, Dass, Zaki and Gamawa Local Government Areas,’’ he said.

“If not for the timely intervention of security agencies, the affected areas would have been engulfed in serious political crises,’’ Abdullahi said.

The commissioner, however, said that all the three senatorial seats and 11 federal constituencies’ seats were declared and returned.

Abdullahi pleaded with the contestants and political gladiators to prevail on their followers to allow peace to prevail  during the forthcoming governorship and state assembly elections.

“I am also calling on security and law enforcement agencies to sustain the momentum of prevalence of peaceful atmosphere during the polls.

“I assured you that the commission will give all of you a level playing field as it did during the last election,’’ the REC said.

Buhari vows to reclaim ‘stolen mandate’ in Akwa Ibom

President Muhammadu Buhari, on Monday, said that the votes of the Akwa Ibom people allegedly stolen during the Presidential and National Assembly elections of February 23,  would be reclaimed.

Buhari said this during a town hall meeting held in Uyo to thank the people of the state for casting their votes for the All Progressives Congress (APC) in the elections.

Buhari, who was represented by the Vice-President, Prof. Yemi Osinbajo, encouraged the people to defend their votes during the coming Governorship and House of Assembly elections.

He decried the circumstances, under which Senator Godswill Akpabio lost his re-election into the senate in spite of his popularity across the state.

He alleged that the Independent National Electoral Commission (INEC) robbed him and the party of victory.

He assured Akwa Ibom people that all the wrongdoings during the Presidential and National Assembly elections would be addressed.

“What happened on the 23rd of February was robbery. The votes of the people were stolen, but we are not deterred.

“The president sent me to thank you today. We are going to make sure that everything that was stolen on the February 23 would be restored.
“It is not possible that Sen. Godwill Akpabio lost. We are in no doubt that Senator Akpabio is the elected senator of Akwa Ibom North West Senatorial District.

“I and Adams Oshiomhole, the National Chairman of the party have been in the opposition for long and we cannot be defeated anymore.

“Everyone of you should go out to vote on Saturday and defend your votes, we cannot be cheated; not only you but tell your neighbours to vote for Obong Nsima Ekere and all APC candidates.

“Wait for your votes to be counted. It is the duty of the Federal Government to provide security and we will do that. We will recover every one of our votes, ” he said.

The National Chairman of APC, Comrade Adams Oshiomhole, said the party was not in the state to lament but to appreciate the people of the state for doing their jobs and voting President Buhari and Prof. Osinbajo.

He alleged that INEC colluded with some of the electoral officers to deny the state of its electoral victory on Feb 23, even though the people voted for APC.

“We have not come here to lament that our mandate was on February 23. We have come to thank you that you voted for President Buhari, and all members of the party. You did your job but some armed robbers in INEC stole your votes.
“You think that those who stole your votes will have peace? We have come to reaffirm our commitment with democracy.

“We have come to affirm that no robber will go unpunished, but when an electoral umpire is corrupt and collude with the opposition, we have the witnesses and we have lawyers to deal with that.

“On Saturday we are not going to wait for them to steal out votes. We call on Akwa Ibom people to protect their votes. We must maintain our sanity even in this hour of provocation.

“Those who committed democratic abortion would be brought to book,” Oshiomhole said.

The APC governorship candidate in the state, Mr Nsima Ekere, encouraged the people not to be deterred by the Feb. 23 elections, but to go out and vote during the March 9 elections, saying the party was sure of victory.

He said that the people of the state were in need of change, as demonstrated by him during his  campaign across the 31 local government areas of the state.
He assured the president that after March 9 elections, Akwa Ibom would not be in the opposition but would be reunited with the centre

“Thank you for what you are doing for APC. The people voted for you, that vote is a re-validation of what the people want. You put Nigeria’s economy back on track.

“We are here because we have faith in you and Mr President, the opposition and INEC have no choice than to give us back our mandate.

“Whosoever shall attempt to work against the collective will of Akwa Ibom people, we shall collectively resist.
“We send a message to the electoral umpire and the other parties that they must respect the votes of the people, every vote must count. Akwa Ibom people love APC, ” Ekere said.

Drama as EFCC operatives arrest ex-Ikeja NBA chairman

There was mild drama in Ikeja on Monday as operatives of the Economic and Financial Crimes Commission (EFCC) arrested Mr Yinka Farounbi, a former Chairman of the Ikeja branch of the Nigerian Bar Association (NBA).

The arrest took place at the branch’s secretariat in Ikeja during a monthly meeting of the  branch.

The arrest followed the former  chairman’s alleged refusal to honour an invitation of the anti-graft agency.
Farounbi’s arrest was initiated by a petition written to the EFCC by three members of NBA, Ikeja branch, over alleged misappropriation of N30 million belonging to the branch.

The petititioners  alleged that Farounbi, in connivance with Mr Adeshina Ogunlana, another former Chairman of NBA Ikeja branch, diverted the funds alongside Mrs Kappo, a former Treasurer of the branch.

Ogunlana honoured an EFCC invitation in February, during which he allegedly spent 81 hours in the custody of the anti-graft commission.

An EFCC source who pleaded anonymity said that the EFCC decided to arrest Farounbi at the NBA meeting following his refusal to honour its invitation, adding that intelligence reports revealed that he would be at the meeting.

There was, however, a mild drama when EFCC operatives stormed the meeting venue to effect Farounbi’s arrest, as Mrs Patience Kalu, one of the operatives, alleged that she was assaulted by a lawyer resisting Farounbi’s arrest.

This made the operatives to call for backup to arrest the lawyer who allegedly assaulted Kalu as she  insisted she would not leave the NBA secretariat until the arrest of the lawyer.

Farounbi was accompanied by three Senior Advocates of Nigeria at 4.27p.m.  to a waiting EFCC vehicle and  then to the EFCC Ikoyi Office.

Mr Dele Oloke, the Chairman of the branch, apologised to Kalu over the alleged assault, and called for calmness.
A lawyer and an eyewitness who pleaded  anonymity, however, disputed Kalu’s assault claim.

“We were having our monthly branch meeting, and four EFCC operatives walked in interrupting the meeting.
“They were a lady (Kalu) and three men; two of the men were visibly armed, one was following the lady with a pistol and the other, who was with a big gun, stood at the door.

“We told them that we were having a meeting;  we appealed to them, and as they were leaving, the lady seized the phone of a lawyer who was recording the event.

“In spite of our pleas, they refused to release the phone. I did not see the lady being assaulted,” he said.
The lawyer, whose mobile phone was seized, was also arrested by EFCC operatives.