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Reps Fear Insurgents’ Attack On NASS, Calls For Tight Security

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The House of Representatives has mandated its committee on internal security of the National Assembly to overhaul the existing security setup of the National Assembly over report of possible insurgents attack.
Hon Barwa Beji, who moved the motion, cited a newspaper report on possible attack by the insurgents on the National Assembly.
Moving the motion, Beji said that media report has it that several unknown persons have been seen around the National Assembly but claimed to be visiting their lawmaker.
He called for the cooperation of his colleagues to tackle the danger.
“Several suspicious people have been seen around National Assembly. The cooperation of the lawmakers will be really important, since those people have been linked to us,” he said.
The lawmaker also accused the security agents at the National Assembly of compromising the security of the complex by collecting bribe at the gate to allow people in.
“We are aware of the compromise by security agents, who collects tokens to allow such people to entre. Also aware of the delay in giving identity cards to the people who are coming into the national assembly,” he stated.
The House, therefore, resolved to mandate the management of the National Assembly to speed up the process of issuing identity cards to vendors operating at the national assembly and to investigate the report.
The green chamber also asked the management of the complex to install CCTV camera around the complex and more shuttle should be provided.

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NPA Concludes Concession Pact, Seeks FG’s Approval …Decries 100% Physical Examination At Nation’s Seaports

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The Nigerian Ports Authority (NPA), has said that the concession agreement with five terminal operators that have expired have been concluded and will be submitted to the Federal Government through the Federal Ministry of Transportation for final approval renewal.
Speaking over the weekend when the Minister of Transportation, Engr. Mu’azuSambo, conducted a familiarisation tour on the agency, the Managing Director, NPA, Mohammed Bello-Koko, said the agreement would be submitted before the close of work on Tuesday, October 4, 2022.
According to him, discussion among some terminal operators, are inconclusive while some terminal operators are yet to give necessary feedback to the authority.
However, the NPA helmsman lamented the 100percent physical examination of cargoes at the nation’s seaports, saying it’s affecting efficient cargo inspection as manual cargo examination is cumbersome and inefficient.
He stated that the terminal operators have expressed desire to purchase, maintain scanners at the Nigerian seaports while Customs will operate it.
This, he said if scanners are provided, will make Nigerian seaports more competitive and preferred destinations for cargoes in West and Central Africa.
“Manual examination of cargoes in our ports due to absence of scanners is inefficient,not sustainable, and cumbersome and can’t make our port competitive. Terminal operators have, however, expressed readiness to purchase and maintain the scanners but the equipment will be maintained by the service. This will make our port more efficient, competitive and efficient in the sub-region,” he said.
In his presentation to the minister, the NPA MD said the nation’s seaports need to explore alternative source of power generation to the seaport because of the rising cost of power generation to the seaport.
He, as well, called for the reconstruction of the collapsed quay apron at the Tin-Can Island Port and collapsed jetty at Continental Shipyard.
“Matters requiring urgent attention include the reconstruction of the quay apron at Tin Can Island Port complex and collapsed jetty at Continental Shipyard Ltd. Reconstruction of collapsed berth at Federal Lighter Terminal (FLT) and fencing of common user port facility inline with specification of International Ships and Ports Facility (ISPS), code.
“Also, reconstruction of collapsed breakwater at delta port and rising cost of power generation (electricity) in the port and the need to commence procurement of alternative source of power,” he said.

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Nigeria’s Foreign Portfolio Deficit Drops By N14.5bn

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The Nigerian foreign portfolio deficit has fallen by N14.5billion between the first eight months of 2021 and the first eight months of 2022.
The deficit fell from N15billion recorded in eight months of 2021 to N1.43billion reported between January and August, 2022, according to the Nigerian Exchange Limited data.
The deficit captures the difference between‘s foreign portfolio outflows and inflows.
The FPI outflows refer to foreign investors’ pullout from a country’s stock market as a result of factors such as war, geopolitical tensions, and crude oil price fluctuations, among others.
The FPI inflows, on the other hand, refer to the portfolio equity, net inflows from equity securities, shares, stocks, and direct purchases of shares in local stock markets by foreign investors.
FPI total inflows in the first eight months of 2022 stood at N149.97billion, compared to the N123.46billion recorded in the same period of 2021, improving by 21per cent.
The outflows of the FPI surged to N151.40billion by August, 2022 compared to N139.39billion, a total increase of 8.6per cent.
In an interview, a stock broker and analyst, David Adonri, said the improvement could be attributed to the influx of more foreign investors patronising Nigerian stocks.
He said there was a massive pullout of foreign investors from the Nigerian stock in 2021 compared to what was being witnessed this year.
According to Adonri, “More foreign portfolio investors exited the market last year. And very few of them remained in the market.
“Out of the few that remain in the market up till this year, you now have that little figure,” he said.

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Sit-At-Home: Go About Your Businesses, IPOB Tells S’Easterners

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The Indigenous People of Biafra (IPOB) has clarified that it did not issue any directive of sit-at-home in the South-East on Tuesday, October 4.
The pro-Biafran group said the clarification became necessary because of rumours making the rounds that a sit-at-home has been declared.
A statement by the group’s Media and Publicity Secretary, Emma Powerful, yesterday, urged the people of the region to ignore such rumours, adding that those responsible for peddling the “falsehood” should stop it immediately.
Powerful insisted that IPOB leadership did not authorise such purported order.
The group said although tomorrow is Mazi Nnamdi Kanu’s court date, he will not be appearing in court, and therefore, IPOB has set aside that day to challenge the Federal Government over the illegal abduction and extraordinary rendition of Kanu from Kenya to Nigeria.
The statement read in part, “We, the global movement and family of IPOB wish to remind Biafrans, friends of Biafra and lovers of freedom across the world that IPOB is not issuing a sit-at-home order on Tuesday, October 4, 2022.
“The day is a day when IPOB is going to challenge the Federal Government over the illegal abduction and extraordinary rendition of our leader, Mazi Nnamdi Kanu from Kenya to Nigeria.
“The Federal Government must provide evidence to the world on how and why they kidnapped and renditioned Kanu to Nigeria at Umuahia High Court.
“Yes that day is his court date but he is not appearing in court on that day, therefore, there will be no sit-at-home.
“We want every Biafran both home and in the diaspora to ignore such rumours, and anybody who is responsible for peddling this kind of falsehood should stop it immediately. IPOB leadership has not authorised such a purported order.
“IPOB is watching those with such mind-sets who suffer our people. They will regret their actions soon. Anybody who contributes to the death of our people will pay dearly whether he or she is security personnel, civilian, religious leader, man, or woman, including the politicians who contribute in small or big measures to ensure that our people incur human and material losses.”

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