News
CPC Begins Auctioning Of Forfeited Assets
Published
11 months agoon
By
EditorThe Independent Corrupt Practices and Other Related Offences Commission has held the bid opening exercise for the 2023 planned disposal of assets forfeited to the Federal Government.
Its Spokesperson, Mrs Azuka Ogugua, said this in a statement on Monday in Abuja.
She quoted the ICPC Chairman, Prof. Bolaji Owasanoye, SAN, as promising in his opening remarks that the exercise would be transparent.
Owasanoye commended the auctioneers for their cooperation and assured them that the commission would not renege on its pledge to ensure a fair and transparent process.
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The ICPC boss, who was represented by Dr Louis Mandama, a Board member, noted that the exercise was the first for 2023 and promised that the second exercise would hold in the second half of the year.
He stated that the mode of allocation of assets in the current stage would be different as there would be no batching of assets.
He gave assurance that the auctioneers would be allowed to go and take a look at the assets while working with the technical team in order to evaluate them.
The ICPC boss went further to say that complaints received from the five bidders after the broadcast of results on the commission’s website had been addressed.
READ ALSO: Senate Amends ICPC Act, Slams 2 Year-imprisonment On False Petitioners
At the commencement of the exercise, the bids submitted were sorted, marked and observed closely as the opening of the bids revealed the number of properties bided for and its cost which were certified by the auctioneers.
The representatives of the Bureau of Public Procurement, Alhaji Bello Nasir, and the representative of the Civil Society Organisations, Mr Paul Odokara, expressed satisfaction with the exercise.
They commended the transparent nature of the exercise hoping that its outcome would certainly meet the criteria set for the bidding.
They also advised other agencies to take a cue from ICPC and charged the auctioneers on the need to adhere to instructions for easy identification of their bids to avoid any disqualification.
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The exercise, which was held at the commission’s headquarters, had 25 auctioneers in attendance.
NAN
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News
Lagos, Ondo, Taraba Top In Highest Okada Fares In March – NBS
Published
1 hour agoon
April 28, 2024By
EditorA recent National Bureau of Statistics report shows Lagos, Ondo, and Taraba recorded the highest Okada (motorcycle) fares in March.
The data indicates substantial differences in transportation costs across various Nigerian states.
In March 2024, the average fare for Okada rides per trip in Nigeria rose by 2.15% compared to the same period last year, with fares reaching N472.16, up from N462.21 in March 2023.
This was contained in the most recent National Bureau of Statistics Transport Fare Watch report for March 2024, published on the agency’s website.
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However, fares in Lagos, Ondo, and Taraba states were notably above the national average for March 2024.
Lagos had the highest Okada fare at N850 per trip, with Ondo following at N725 and Taraba at N670, illustrating significant differences in transportation costs across regions.
Imo and Yobe states, with average Okada fares of N655 and N630 respectively for March 2024, ranked fourth and fifth among Nigerian states for the highest motorcycle journey costs per trip.
News
Trouble Looms As OAU Students Threaten Shut Down With FG Over Fuel Crisis
Published
2 hours agoon
April 28, 2024By
EditorThe students’ Union of Obafemi Awolowo University said on Sunday, said the challenges faced by students due to the sudden surge in the pump price of Premium Motor Spirit and the scarcity of the product have reached unprecedented levels.
The President of the union, Abbas Ojo, in a statement released on the campus in Ile-Ife, Osun State, and sent to The PUNCH, urged the Federal Government to immediately address the issues.
The union threatened to hit the streets in protest if the situation persisted.
Since the weekend, queues have surfaced across some filling stations in Ogun and Lagos states as some stations also remained shut.
The PMS also known as petrol has been selling between N700 and N800 at some filling stations. Some persons claim to buy the fuel at prices higher than N800 in Lagos and Ogun with the situation causing a hike in transport fares.
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The Nigerian National Petroleum Company Limited had said some supply issues were responsible for the queues, urging customers to exercise patience.
A resident, Tomisin Bakare, who said he bought PMS from a filling station around the Lagos State University-Igando axis stated that he was shocked when the attendant said fuel was N700 per litre.
“This is after I had already spent over 50 minutes in the queue,” he added.
According to the students’s union president, the situation is not different in Osun, particularly around the campus environs where he noted bus drivers had increased fares.
“We, as students, can no longer endure the burden imposed by the government’s economic policies,” Ojo said.
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“Last year, when the decision to remove fuel subsidy became public knowledge, many, including students, harboured doubts about its impact on the nation’s economy. Even those who supported the removal of subsidies were skeptical, given the absence of concrete plans to alleviate the ensuing challenges,” he added.
President Bola Tinubu on May 29, 2023, during his swearing-in, announced the removal of fuel subsidy. Since then, Nigerians have been grappling with harsh economic realities coupled with the depreciation of the naira against the dollar.
“From soaring electricity tariffs to the skyrocketing cost of living, the adverse effects of the government’s capitalist policies have spared no one.
“Despite these challenges, students persist in their pursuit of education and academic endeavours. However, recent events such as fuel shortages and fluctuating prices have left students stranded both on campus and outside campus,” Ojo stressed, noting the students had been pushed to limits.
The union demanded immediate action from the FG to address the fuel scarcity, curb suspected hoarding of fuel, and regulate prices.
“We also demand that the government should revive the country’s refineries. The government must not test our will by not addressing these demands within the next 48 hours. Failure to do so, we shall hit the streets till the government addresses the fuel crisis which constitutes a threat to our academic pursuit,” the statement added.
Popular Gospel singer Morenikeji Adeleke, also known as Egbin Orun, is dead.
Her colleague Esther Igbekele, confirmed the death in an Instagram post on Sunday.
The gospel singer expressed shock and sadness, sayin Egbin Orun departed suddenly without bidding farewell.
According to her, the two had recently spoken, unaware of the impending tragedy.
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Igbekele praised Egbin Orun’s beauty, kindness, and strong support for her ministry.
She wrote, “I got home from my program to hear about this great loss.. Prophetess Morenikeji Egbin Orun you left without saying goodbye..
“We spoke together last week not knowing you are about to embark on a journey to the great beyond.. You are such a beautiful and kind hearted woman and a very good supporter of my ministry.
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“I am deeply saddened with your demise but God knows best. You will be greatly missed and your good deeds will continue to linger in our hearts.
“Ah Egbin Orun. Good night! Keep resting in the bosom of Christ.. Ah Gone too soon..Yeeee.”
The cause of her death remains undisclosed and no official statement has been issued.
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