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Here’s our picks on today’s top buzzy stories on Punch Newspaper. We prepare it as a quick-read for our visitors who also enjoys Punch News.
States drive away mining investors with illegal levies, taxes – Osinbajo
Vice-President Yemi Osinbajo has condemned state governments that impose illegal fees, taxes and levies on licensed mining companies, warning that such actions serve as disincentive to prospective investors in the sector and jeopardise the Federal Government’s efforts to deepen the mining industry. Osinbajo said this on Thursday in his address at the maiden edition of the strategic engagement on sustainable mining titled: ‘Resurrecting our Buried Prosperity’.
The Senior Special Assistant to the Vice-President on Media and Publicity, Laolu Akande, disclosed this in a statement titled: ‘Govts, Communities Collaboration will be a Game-changer for Nigeria’s Mining Sector’.
The Vice-President said, “Some state governments, in a bid to shore up their revenues, impose illegal fees, taxes, and levies on foreign and local licensed mining companies and operators. Enforcement of these taxes often leads to the frequent arrests and harassment of licensed miners and their workers, and closures of mining sites. This happens frequently. Regrettably, such actions by state governments constitute a major disincentive to prospective investors in the sector and invariably jeopardise the efforts of the government to deepen the mining industry in Nigeria.
We killed two, arrested 13 aides in Igboho’s house raid, says DSS
The Department of State Services, on Thursday, paraded 12 of Sunday Igboho’s followers, saying one other was being profiled.
The DSS said a joint team of security operatives had raided Igboho’s residence early on Thursday based on an intelligence report.
Parading the suspects at the national headquarters of the secret police, its spokesman, Peter Afunaya, said the security team was engaged in a gun duel by nine men suspected to be Igboho’s guards. Afunaya stated, “A team of joint security operatives raided the residence of Sunday Adeyemo at Soka in Ibadan. This was based on intelligence that he had stockpiled arms in the place. On approach to his residence, the team came under heavy gun attack by nine men suspected to be Igboho’s guards. Six were armed with AK-47 guns and three others with pump action rifles.
External reserves slide further, lost $905.5m in June – CBN
The country’s external reserves maintained a downward trend as it lost $905.5m in June, figures obtained from the Central Bank of Nigeria showed on Thursday.
According to the CBN’s data on the movement of reserves, the reserves fell to $33.32bn as of the end of June 30 from $34.23bn on May 31. The reserves stood at $34.88bn at the end of April 30.
Financial experts have expressed the need for the government to attract more foreign direct investment into the country and stimulate domestic production to attract more foreign exchange and reduce the demand on forex for importation.
Youths flee as soldiers invade Enugu community for sacking herdsmen
There is tension in Enugu State as men of the Nigerian Army reportedly invaded two communities in the Nkanu East and Nkanu West local government areas of the state. PUNCH Metro gathered that the affected communities are Ekpoffo and Akpugo.
Although the reason for the invasion could not be immediately ascertained, villagers who spoke from their hidings told our correspondent on Thursday it might not be unconnected with the recent sacking of herdsmen who were terrorising the area.
Some also believed that the invasion could be the directive of the Presidency to security agencies to hunt down Biafran agitators in the South-East region. Community sources told our correspondent that the soldiers invaded Ekpoffo on Wednesday and whisked away some youths to unknown destinations.
Kanu’s arrest: Lawyers write UK, protest extradition, FG guns for collaborators
The Federal Government on Thursday said it would go after highly-placed Nigerians and other collaborators of the Independent People of Biafra leader, Nnamdi Kanu.
The Minister of Information and Culture, Lai Mohammed, who stated this at a press briefing in Abuja, said irrespective of the collaborators’ standing in country, they would all face the full wrath of the law for challenging the nation’s sovereignty.
Mohammed said this as the lead counsel to the IPOB leader, Aloy Ejimakor, in an interview with one of our correspondents, disclosed that he had written the British High Commission, complaining about Kanu’s arrest and extradition. He also lamented that despite writing the Department of State Services, he had not been allowed access to the IPOB leader.
Wike predicts mass defection in APC, PDP, attacks Ayade, others
The Governor of Rivers State, Nyesom Wike, has said mass defection would rock both the Peoples Democratic Party, and the All Progressives Congress between now and December. He said politicians, would during the period, start realigning ahead of the 2023 general elections.
The Governor stated this at the inauguration of the reconstructed William Jumbo, Ernest Ikoli, Eleme , Akassa , Abana and Mbiama streets in the Old Government Residential Area of Port Harcourt on Wednesday. He said although defection was an inherent part of the democratic process, those who defected from the PDP lacked integrity and character.
He said, “People are defecting; More will defect. Defection is part of our electoral process. As some people are defecting, others are coming in. There are those who are angry there (in APC), they’ll come (to PDP). You that is angry here (in PDP), you will go. That is the game,” Wike said.
Mr. Joseph Simeon is an Editor/Content Creator at Naija Buzz News. He is an experienced content creator. He currently leads a small group of talented writers at Naija Buzz News. He previously served as the Relationship Editor at 1Push.Ng. He studied Public Administration at the Federal Polytechnic Idah, Kogi State, before proceeding to Kaduna Polytechnic Kaduna for his Advance Studies in Public Administration. Simeon loves and enjoys playing football.