Breaking News in Nigeria Today, Friday, 26th of June 2020

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1. Sacked APC NWC threatens to sue party

Few hours after the National Executive Committee of the All Progressives Congress announced a dissolution of the National Working Committee NWC and the setting up of a National caretaker committee, the sacked NWC has threatened legal action against the party.

In a statement jointly signed by Hilliard Etta who continues to identify himself as the acting National Chairman, and Waziri Bulama identified as acting National Secretary along with 15 other members, the sacked NWC described Thursday’s NEC meeting as illegal and a breach of the party’s constitution

The group insists that Victor Giadom lacks the authority to convene a meeting of the NEC of the party


2. Obaseki formally emerges PDP Governorship Candidate in Edo State

Returning Officer for the PDP Governorship Primaries in Edo State and Governor of Bauchi State, Bala Mohammed has declared Godwin Obaseki winner of the party primaries.

Obaseki scored 1,952 votes to emerge the Governorship Candidate with 95 percent of the vote cast

Three of the governorship aspirants, namely Kenneth Imasuagbon, Ogbeide Ihama and Gideon Ikhine had withdrawn from the race with Obaseki as the sole aspirant.

There were a total of 2,234 delegates approved for the primaries but only 2,202 were accredited. The actual delegates that voted were 2,024 with 72 votes declared invalid.


3. Cross River State Govt denies report of confirmed Covid-19 case

Cross River State government has debunked reports of Coronavirus Index Case from the University of Calabar Teaching Hospital, saying the state is still Covid-19 free.

In a press release signed by Chairman of COVID-19 Taskforce Response Team and State Commissioner for Health, Dr. Beta Edu said no case has been recorded.

Edu said an index COVID-19 case can only be confirmed with PCR and not the antibody Rapid Diagnostic test kits which the NCDC had said has very low sensitivity and therefore should not be used for COVID 19 diagnosis as it may produce several false-positive cases.

She said investigation has commenced on the information released as appropriate action will be taken after the taskforce findings especially as it concerns contact tracing.


4. EFCC seals properties traced to ex-Abia governor, Theodore Orji

The Economic and Financial Crimes Commission (EFCC) said on Thursday its operatives had traced some properties to a former governor of Abia State, Theodore Orji.

The commission’s spokesman, Mr. Dele Oyewale who disclosed this to journalists in Enugu, said the properties were suspected to be proceeds of fraud.

According to him, the properties which were sealed on June 24 in Umuahia, the state capital, were traced to the former governor during ongoing investigations into his alleged financial malfeasance.

The assets traced to Orji by the commission were the Abia Mall which accommodates Shoprite and other business entities, Benac Hotels opposite the Broadcasting Corporation of Abia (BCA), and a housing estate located at former Umuahia Main Market.


5. Nigerian banks to restructure over one-third of loans due to repayment problems

Nigerian banks are on the verge of restructuring more than a third of their entire loan portfolio after encountering repayment troubles on account of the coronavirus pandemic, according to a member of the Central Bank of Nigeria (CBN)’s Monetary Policy Committee, Reuters reported on Thursday.

Seventeen banks have handed in their requests to restructure over 32,000 credit facilities for individuals and businesses, translating to 33% of loans, Aisha Ahmad, a Deputy Governor of the CBN, said in a statement published on the apex bank’s website.

The bulk of the loans planned for restructuring, according to Ms Ahmad, is within the manufacturing and general commerce sectors.

“Results from ongoing impact assessments of COVID-19 effects on impairment by banks indicate a modest impact given regulatory policy measures already implemented,” she said.

Tier 2 lender, FCMB announced in May it was restructuring half of its loans, predominantly involving the oil and gas, and retail sectors.


6. FIFA approves $1.5bn COVID-19 relief plan

World football governing body FIFA announced on Thursday it had agreed a 1.5 billion dollars relief plan to help deal with the impact of the COVID-19 pandemic on the global game.

FIFA’s plan means world football’s governing body will dip into its reserves to provide national federations with a number of grants and interest-free loans to cope with budget hits.

FIFA had already provided the immediate release of all funds from its “Forward’’ projects and given the green light for such grants to be used for COVID-19 relief plans.

A minimum of 50 percent of released funds are to be allocated to women’s football.


7. And Liverpool are Premier League champions at last

Whether the red half of Merseyside wants to admit it or not, the name ‘Chelsea’ will always be engraved in their history.

Of course we know about a certain ‘Slippy G’ moment in the 2013/2014 season, which surprisingly came against Chelsea. It was the last time Liverpool were just 90 minutes of football action away from breaking a Premier League curse. It didn’t happen.

But here we are. This is 2020. Again, Chelsea are the ultimate characters in the plot, with the victim this time being Pep Guardiola’s Manchester City.

Chelsea, once again the catalyst, sending Merseyside into an electric atmosphere with laughter and tears and cheers as Liverpool finally defied every odd to become Premier League champions.

It is a moment that will never be forgotten in Liverpool’s rich history. And one Jurgen Klopp will not forget as well.

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