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Jonathan Suspends CBN Governor Sanusi, Appoints Sarah Alade As Acting Governor

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The Federal Government Thursday suspended the Central Bank Governor, Mallam
Sanusi Lamido  Sanusi. In a statement by Dr. Reuben
Abati,   Special Adviser to President Goodluck Jonathan, the most
senior Deputy Governor of the CBN, Dr Sarah Alade, has been named as the
Acting CBN Governor.<br />
<br />
<br />
The statement read that, “Having taken special notice of reports of the
Financial Reporting Council of Nigeria and other investigating bodies, which
indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been
characterised by various acts of financial recklessness and misconduct, which
are inconsistent with the administration’s vision of a Central Bank propelled
by the core values of focused economic management, prudence, transparency and
financial discipline;<br />
<br />

“Being also deeply concerned about far-reaching irregularities under
Mallam Sanusi’s watch which have distracted the Central Bank away from the
pursuit and achievement of its statutory mandate; and being determined to
urgently re-position the Central Bank of Nigeria for greater efficiency,
respect for due process and accountability, President Goodluck Ebele Jonathan
has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the
Office of Governor of the Central Bank of Nigeria.<br />
<br />

“President Jonathan has further ordered that Mallam Sanusi should hand over
to the most senior Deputy Governor of the CBN, Dr Sarah Alade, who will serve
as Acting Governor until the conclusion of on-going investigations into
breaches of enabling laws, due process and mandate of the CBN.<br />
<br />

“The President expects that as Acting Governor of the Central Bank, Dr.
Alade would focus on the core mandate of the Bank and conduct its affairs with
greater professionalism, prudence and propriety to restore domestic and
international confidence in the country’s apex bank.<br />
<br />

“The Federal Government of Nigeria reassures all stakeholders in Nigeria’s
financial and monetary system that this decision has been taken in absolute
good faith, in the overall interest of the Nigerian economy and in accordance
with our laws and due process.”<br />

Jonathan Suspends CBN Governor Sanusi, Appoints Sarah Alade As Acting Governor

The Federal Government Thursday suspended the Central Bank Governor, Mallam Sanusi Lamido Sanusi. In a statement by Dr. Reuben Abati, ...

11:43 am

ASUU Faces Grave Consequences For Rejecting Government’s Recent Proposal

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After getting an annual payment offer of N220 billion for the next five years, from the federal government, following a marathon meeting that ended Tuesday, indications have emerged that the Academic Staff Union of Universities (ASUU) may lose the sympathy of many and may make the government wield the big stick if it rejects the recent offer by the government, with a full blown implementation of the ‘no work, no pay’ policy likely to break the ranks of the union and cause disaffection among the members who would feel the pinch of their salaries being withheld.

ASUU Faces Grave Consequences For Rejecting Government’s Recent Proposal

After getting an annual payment offer of N220 billion for the next five years, from the federal government, following a marathon meeting ...

3:30 pm

Xclusive: 1.2 Million UTME Candidates Won’t Gain Admission Into Varsities – FG

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<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<strong><span style="font-family: Verdana, sans-serif;">The Federal 
Government on Saturday said of the 1,735,720 students that registered 
for this year’s Unified Tertiary Matriculation Examination, only 520,000
 will gain admission.</span></strong></div>
<span style="font-family: Verdana, sans-serif;"><span style="background-color: white; line-height: 20.796875px;"><strong></strong></span><br style="background-color: white; line-height: 20.796875px;" /></span><div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif; line-height: 20.796875px;">Addressing
 journalists at the Federal Government College, Suleja, Niger State, 
after monitoring the examination, Minister of Education, Prof. Ruqayyatu
 Rufai, blamed this on the low-carrying capacity of the tertiary 
institutions in Nigeria.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">She said, “The major 
challenge is a country like Nigeria having 1.7 million sitting for 
examination. The space we have is 520,000 for federal, states, private 
universities, polytechnics and colleges of education.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">“If one million passed, 
what are we going to do with the rest 500,000? We will not expand the 
carrying capacity without expanding the facilities.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">“What are we going to do
 with the large number of students out there? I feel the pain. Mr. 
President is very much concerned. If you have students that have passed 
examination and they cannot have access, you can imagine their thought 
in the long run.”</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Rufai called on private firms and individuals to invest in tertiary education.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Responding to a question
 on the high fees charged by private universities, she said the legal 
department was looking into the ministry’s right to challenge the fees.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Although she agreed that
 private investors had the right to recoup their money, the minister 
said government would consider legal options to regulate the situation.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">The minister also denied
 knowledge of any White Paper recommending the scrapping of the UTME and
 the National Examination Council.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">She said, “It has become
 a very controversial issue. I have made a statement before the National
 Assembly that the Federal Government has a white paper on this. I’m not
 aware that NECO and JAMB will be scrapped. If we are not aware, what 
are we going to make an analysis out of? Government has not taken 
decision on that.”</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Rufai further blamed improper shading of answer sheets by candidates for non-release of their results.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">“If they don’t shade their papers correctly, they may not have results,” she added.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Meanwhile, the Joint 
Admissions and Matriculation Board has arrested a middle-aged man who 
was identified as Isaac, for alleged impersonation at one of the Dual 
Based Test centres in Abuja.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">The JAMB Registrar/Chief
 Executive. Prof. Dibu Ojerinde, said the registration number on his 
slip and answer sheet did not tally.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">“The owner of the slip 
is from Enugu. He came here to impersonate another person. He had been 
handed over to civil defence who will hand him over to the police,” he 
said.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Meanwhile, no fewer than
 nine candidates were feared dead, while six were injured in an auto 
crash on the Aba-Port Harcourt Expressway on Friday.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">The victims were said to be on their way to their examinations centre.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Police Public Relations Officer, Abia State Command, Mr. Geoffrey Ogbonna, confirmed the incident in an interview with the <i>News Agency of Nigeria</i> in Aba.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">He said seven persons including the driver died instantly, while two others died later in hospital.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Ogbonna said the candidates were travelling on a Hiace bus with number plate Rivers XY 249.</span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"> </span></div>
<div style="background-color: white; line-height: 20.796875px; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">He explained that the 
driver, around 10.40am rammed into a truck with number plate Lagos XC 
109 SLK, which was parked off the road at Obeaku-Ihie, Ugwunagbor Local 
Government Area of Abia State.</span></div>

Xclusive: 1.2 Million UTME Candidates Won’t Gain Admission Into Varsities – FG

The Federal Government on Saturday said of the 1,735,720 students that registered for this year’s Unified Tertiary Matriculation Examin...

12:25 am

Xclusive Update: FG To Scrap UTME,NECO And NAPEP

<a href="http://cdn.360nobs.pagenanny.com/wp-content/uploads/2013/04/Work-pics1004.jpg" imageanchor="1"><img border="0" src="http://cdn.360nobs.pagenanny.com/wp-content/uploads/2013/04/Work-pics1004.jpg" /></a><br />
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Following the recommendations of the presidential committee on the rationalisation and restructuring of its parastatals, headed by Mr. Stephen Oronsaye, the federal government has finally approved the scrapping of some of its agencies.

According to Leadership Nwspapers, the agencies pencilled down to be scrapped include the Unified Tertiary Matriculation Examination (UMTE), National Examinations Council (NECO), Public Complaints Commission, and National Poverty Eradication Programme (NAPEP), among others.

Dependable sources close to the committee confirmed that the decision was taken at a meeting between President Goodluck Jonathan, Vice President Namadi Sambo and some presidential aides, who met twice at the presidential villa. They were said to have acted based on the advice of the White Paper Committee set up by the president to look into the report.<br />
<br />
The Orosanye-led committee had in its recommendation, which it presented to the president in April last year, asked Jonathan to scrap 38 agencies, merge 52 and the revert 14 others to departments  in the ministries from which they were created.

It said this was in response for calls by Nigerians to cut cost of governance as it will save the country over N862billion between 2012 and 2015 and eliminate duplication of functions.

Also, the Public Complaints Commission, it was learnt, is to be merged with the National Human Rights Commission (NHRC) , while NAPEP will also be scrapped and be replaced the National Agency for Job Creation and Empowerment.

One of the sources who spoke to LEADERSHIP on condition of anonymity last night revealed that Jonathan had also, at the meeting, approved that the West African Examinations Council (WAEC) should take over the functions, including all infrastructure, of NECO which ceases to exist henceforth.<br />
<br />
The source said, “WAEC would now conduct two external examinations in a year,  with one done in January while the second would be conducted in November of every year.”

The scrapping of the UTME, he added, would entail that every university in the country would now conduct their own admission examinations for students, while the Joint Admissions and Matriculation Board (JAMB) will act as regulating body and the clearing house in ensuring compliance to standards.

The source said: “The process will be modelled along the line of Universities and Colleges Admission Service (UCAS), the central organisation through which applications are processed for entry to higher education in the United Kingdom.

“Individual university will now do its own examinations and admissions. If you want to apply to a university, you do so but in order not to have a situation where one person gets multiple admissions, JAMB acts a clearing house to free up spaces.<br />
<br />
 All the universities are free now to admit students.”

LEADERSHIP also gathered that, worried over the system’s inability to promote merit when admitting applicants into the universities in the country, government had no choice but to take the action with a view to “ensure that the best students go to the best universities.”

Xclusive Update: FG To Scrap UTME,NECO And NAPEP

Following the recommendations of the presidential committee on the rationalisation and restructuring of its parastatals, headed by Mr. Ste...

8:35 am