What is Baba looking at?
What could Bola Tinubu be thinking?
What is on the mind of Mrs Tinubu...
Egba Mi O!.....If Okoya catch those your eyes, wa fokasibe...........
Seeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
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Wednesday, June 23, 2010
What is Tinubu looking at
What is Baba looking at?
What could Bola Tinubu be thinking?
What is on the mind of Mrs Tinubu...
Egba Mi O!.....If Okoya catch those your eyes, wa fokasibe...........
Seeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Tuesday, June 22, 2010
NEW MEANING FOR "KAITA"
A new word has been added to the Dictionary.
"KAITA" A man who single handedly hindered the hope of his country for reason best known to him. "Kaita" can be used in place of words like Jeopardy, Hinder, Sabotage, Disrupt, Antagonist, fool etc.
Examples are: Don't kaita what we have been building for 11 yrs in one day.
Don't be a Kaita etc.
Oh! Shit, can’t believe this. You’re just a big kaita!!!
Monday, June 21, 2010
INSECURITY IN NIGERIA
Men of the underworld were on rampage in Akure yesterday leaving on their trail the robbing of 4 banks (Oceanic,Spring,Union and First) and several people injured and 8 dead as at last count.
Majority of the casualties were passersby and a few bank staff mainly due to bullet wounds while this attack lasted. Information had it that the gang numbered close to 15 with two women amongst them. Of course, expectedly, our “dear” policemen came around just about 20 minutes after the departure of the robbers to come and do what, you may ask. They were duly meted with stones by angry on-lookers.
The attached pictures are only a few taken.
Let’s all be prayerful.
Saturday, June 19, 2010
OPEN LOOTING- What a SENATOR in Nigeria EARNS
ENOUGH IS ENOUGH!!
Basic Salary - N2, 484, 245.50
Hardship Allowance @ 50% of Basic Salary - N1, 242,122.70 (I love this kind of hardship)
Constituency allowance @ 200% of BS - N4, 968,509.00
Furniture Allowance @ 300% of BS - N7, 452,736.50
Newspaper allowance @ 50% - N1, 242,122.70 (Which kind newspaper be this shey na online or hard copy?).
Wardrobe allowance @ 25% - N621, 061.37
Recess Allowance@ 10%: - N248, 424.55
Accommodation @ 200% - N4, 968,509.00
Utilities @ 30% - N828, 081.83
Domestic Staff @ 35% - N863, 184.12
Entertainment @ 30% - N828, 081.83
Personal Assistance @ 25% - N621, 061.37
Vehicle Maintenance Allowance @ 75% - N1, 863,184.12.
Leave Allowance @10% - N248, 424.55.
One off payments (As advised by Sagamite Severance gratuity) @ 300% - N7, 452,736.50 (Once they get fired)
Motor Vehicle Allowance @ 400% of BS - N9, 936,982.00 - Every Four Years
Senators Salary per month - N2, 456,647.7
Total = N29, 479, 749.00
* 109 Senators Grand Total = N 3,264,329,264.10
A feeding frenzy!!!
ENOUGH IS ENOUGH
Salary U.S. President: $250,000/yr.
GDP U.S. Economy: $13Trillion/yr.
Allowance Nig. Senator: $1,500,000/yr
GDP Nig. Economy: $45 Billion/yr.
And they want more. Doctors, teachers, civil servants can't boast of N1m a year and these guys want N30m every month
SAY NO TO THIS OPEN LOOTING OF NIGERIA.
FORWARD THIS MESSAGE TO ALL NIGERIANS
Basic Salary - N2, 484, 245.50
Hardship Allowance @ 50% of Basic Salary - N1, 242,122.70 (I love this kind of hardship)
Constituency allowance @ 200% of BS - N4, 968,509.00
Furniture Allowance @ 300% of BS - N7, 452,736.50
Newspaper allowance @ 50% - N1, 242,122.70 (Which kind newspaper be this shey na online or hard copy?).
Wardrobe allowance @ 25% - N621, 061.37
Recess Allowance@ 10%: - N248, 424.55
Accommodation @ 200% - N4, 968,509.00
Utilities @ 30% - N828, 081.83
Domestic Staff @ 35% - N863, 184.12
Entertainment @ 30% - N828, 081.83
Personal Assistance @ 25% - N621, 061.37
Vehicle Maintenance Allowance @ 75% - N1, 863,184.12.
Leave Allowance @10% - N248, 424.55.
One off payments (As advised by Sagamite Severance gratuity) @ 300% - N7, 452,736.50 (Once they get fired)
Motor Vehicle Allowance @ 400% of BS - N9, 936,982.00 - Every Four Years
Senators Salary per month - N2, 456,647.7
Total = N29, 479, 749.00
* 109 Senators Grand Total = N 3,264,329,264.10
A feeding frenzy!!!
ENOUGH IS ENOUGH
Salary U.S. President: $250,000/yr.
GDP U.S. Economy: $13Trillion/yr.
Allowance Nig. Senator: $1,500,000/yr
GDP Nig. Economy: $45 Billion/yr.
And they want more. Doctors, teachers, civil servants can't boast of N1m a year and these guys want N30m every month
SAY NO TO THIS OPEN LOOTING OF NIGERIA.
FORWARD THIS MESSAGE TO ALL NIGERIANS
Thursday, June 17, 2010
TIPS
YOU MAY POISON YOURSELF ACCIDENTALLY
Taiwan, a woman suddenly died unexpectedly with signs of bleeding from
her ears, nose, mouth & eyes. After a preliminary autopsy it was
diagnosed death due to arsenic poisoning death. Where did the arsenic
come from?
The police launched an in-depth and extensive investigation. A medical
school professor was invited to come to solve the case.
The professor carefully looked at the contents from the deceased's
stomach, in less than half an hour, the mystery was solved. The
professor said: 'The deceased did not commit suicide and neither was
she murdered, she died of accidental death due to ignorance!'
Everyone was puzzled, why accidental death? The arsenic is of the U.S.
military for carrying rice seedlings H Gao. The professor said: 'The
arsenic is produced in the stomach of the deceased.' The deceased used
to take 'Vitamin C' everyday, which in itself is not a problem. The
problem was that she ate a large portion of shrimp/prawn during
dinner. Eating shrimp/prawn is not the problem that's why nothing
happened to her family even though they took the same shrimp/prawn.
However at the same time the deceased also took 'vitamin C', that is
where the problem is!
Researchers at the University of Chicago in the United States , found
through experiments, food such as soft-shell shrimp/prawn contains a
much higher concentration of - five potassium arsenic compounds.
Such fresh food by itself has no toxic effects on the human body!
However, in taking 'vitamin C', due to the chemical reaction, the
original non-toxic - five potassium arsenic (As anhydride, also known
as arsenic oxide, the chemical formula for As205) changed to a three
potassium toxic arsenic (ADB arsenic anhydride), also known as arsenic
trioxide, a chemical formula (As203), which is commonly known as
arsenic to the public!
Arsenic poisoning have magma role and can cause paralysis to the small
blood vessels, "mercapto Jimei"??, inhibits the activity of the liver
and fat necrosis change Hepatic Lobules Centre, heart, liver, kidney,
intestine congestion, epithelial cell necrosis, telangiectasia.
Therefore, a person who dies of arsenic poisoning will shows signs of
bleeding from the ears, nose, mouth & eyes.
Therefore: as a precautionary measure,
DO NOT not eat shrimp/prawn when taking 'vitamin C'.
After reading this; please do not be stingy. Forward to your friends
and family!!
Taiwan, a woman suddenly died unexpectedly with signs of bleeding from
her ears, nose, mouth & eyes. After a preliminary autopsy it was
diagnosed death due to arsenic poisoning death. Where did the arsenic
come from?
The police launched an in-depth and extensive investigation. A medical
school professor was invited to come to solve the case.
The professor carefully looked at the contents from the deceased's
stomach, in less than half an hour, the mystery was solved. The
professor said: 'The deceased did not commit suicide and neither was
she murdered, she died of accidental death due to ignorance!'
Everyone was puzzled, why accidental death? The arsenic is of the U.S.
military for carrying rice seedlings H Gao. The professor said: 'The
arsenic is produced in the stomach of the deceased.' The deceased used
to take 'Vitamin C' everyday, which in itself is not a problem. The
problem was that she ate a large portion of shrimp/prawn during
dinner. Eating shrimp/prawn is not the problem that's why nothing
happened to her family even though they took the same shrimp/prawn.
However at the same time the deceased also took 'vitamin C', that is
where the problem is!
Researchers at the University of Chicago in the United States , found
through experiments, food such as soft-shell shrimp/prawn contains a
much higher concentration of - five potassium arsenic compounds.
Such fresh food by itself has no toxic effects on the human body!
However, in taking 'vitamin C', due to the chemical reaction, the
original non-toxic - five potassium arsenic (As anhydride, also known
as arsenic oxide, the chemical formula for As205) changed to a three
potassium toxic arsenic (ADB arsenic anhydride), also known as arsenic
trioxide, a chemical formula (As203), which is commonly known as
arsenic to the public!
Arsenic poisoning have magma role and can cause paralysis to the small
blood vessels, "mercapto Jimei"??, inhibits the activity of the liver
and fat necrosis change Hepatic Lobules Centre, heart, liver, kidney,
intestine congestion, epithelial cell necrosis, telangiectasia.
Therefore, a person who dies of arsenic poisoning will shows signs of
bleeding from the ears, nose, mouth & eyes.
Therefore: as a precautionary measure,
DO NOT not eat shrimp/prawn when taking 'vitamin C'.
After reading this; please do not be stingy. Forward to your friends
and family!!
Saturday, June 12, 2010
daily news
64 Games. 1,860 ATMs. One Card - You only need one thing to enjoy football this June, your Ecobank Regional Card. Now you can conveniently access your money in South Africa through any of Nedbnak’s 1,860 ATMs.
Bank Robbery: Area Commander Escapes Death – Punch, Page 10
A gang of armed robbers raided a second generation bank, Intercontinental bank Plc, Ijebu-Igbo branch, on Thursday morning and stole unspecified amounts of money in a 45-minute operation. Eyewitnesses told our correspondent that the armed robbers, numbering about 12, stormed the bank at about 9.30am in a bus and a Mercedes Benz car. They allegedly uprooted the security door at the bank with a sledge hammer before holding the workers and customers hostage at gun point. It was gathered that the armed robbers, who escaped with their loot through Atan Road before hitting the Benin-Ore Expressway, opened fore on the vehicle of the Area Commander of Ijebu Igbo, Mr. Christopher Obagunle, an Assistant Commissioner of Police at Atan.
Moneygram Extends Reach In Nigeria – Punch, Page 20
The management of Moneygram International, a money transfer company, has signed an agreement with First Bank of Nigeria Plc. With the partnership, Moneygram, according to the company’s Chief Executive Officer, Miss Pamela Patsley, has reached the milestone of 200,000 agents across the world. A statement on Thursday quoted her as saying that the company was celebrating the accomplishment with the contribution of $200,000 to no-profit organizations around the world, part of which was the donation of $20,000 to the Grameen Foundation in Nigeria.
BNP Paribas To Finance Govt, Private Projects’ Expansion – Guardian, Page 17
BNP Paribas has pledged commitment to provide more structured financing facilities for government and private sector projects in Nigeria, as part of its African business expansion. The Deputy Global Head of Export Finance as well as Head, Regional Development and Organisation of the institution, Yesser Henda, said at an import finance seminar organized by the financial institution in Lagos recently that BNP Paribas intends to do more business in Nigeria through advisory services and structured finance of medium to long term tenure for import of capital goods, equipment and services into the country.
Firm Begins ATM Card Production – Guardian, Page 19
Electronic PayPlus Limited has commenced production of Automated Teller Machine (ATM) cards for banks with capacity to produce 15,000 in a day, the Chief Executive Officer of the company, Mr. Bayo Adeokun, has said. The CEO, during a tour of the company’s facilities in Lagos recently, said that the firm would scale up its capacity as patronage increased. Adeokun said that the company had the Verve certification and currently in the process of getting MasterCard certification, adding that the next line of action was to attain the Visa certification. He added that the company through operating shifts so that some employees could work overnight could accommodate demand exceeding 15,000 cards per day.
Market Value Puts Tier 2 Banks Ahead Of Peers – Business Day, Page 1
Contrary to the popular belief that the banking industry is dominated by the big four – First Bank, GT Bank, UBA and Zenith Bank – which are considered to be in the tier one or industry leaders, market sentiments, particularly in the post-banking reforms seem to favour the tier two banks, comprising, Access Bank, Diamond Bank, FCMB and Skye Bank, based on some indices, according to Renaissance capital (Rencap). Tier one capital is the core measure of a bank’s financial strength from a regulator’s point of view. It is composed of core capital, consisting primarily of common stock and disclosed reserves (or retained earnings). It may also include non-redeemable non-cumulative preferred stocks. The essence is its ability to provide protection against unexpected losses. The tier one capital ratio is the ratio of a bank’s core equity capital to its total assets, while the tier two risk based capital ratio on the other hand is the ratio of a bank’s core (equity capital) to its total risk-weightened assets.
History As World Cup Debuts In S’Africa – Thisday, Page 1
South Africa is in hyper drive as the country hosts this afternoon the first ever FIFA World Cup finals to be staged on the African continent in the 80 years of the tournament. President Goodluck Jonathan left Abuja last night for Johannesburg, South Africa, for the opening ceremonies of the World Cup. South African President Jacob Zuma had specifically invited him for the event. The President left the Nnamdi Azikiwe International Airport, Abuja around 11.00pm in the Presidential Jet, Air Force One. When FIFA awarded the tournament to the ‘Rainbow Nation’ some six years ago, many in the West felt that the World Football governing body had made a big mistake. Despite this skepticism, FIFA President Sepp Blatter resolutely stood behind the 1996 African Cup of Nations host, insisting that South Africa would not only be ready on time but would organize in impressive tournament.
Deji Of Akure Deposed, Banished, Arrested – Punch, Page 1
The Ondo State government on Thursday deposed the Deji of Akure, Oba Oluwadare Adesina, “with immediate effect”. A statement by the Chief Press Secretary to Governor Olusegun Mimiko of Ondo State, Mr. Kolawole Olabisi, said the decision was reached at a meeting of the State Executive Council presided in Akure. The statement said the government subsequently directed Akure kingmakers and the Akure South Local Government to immediately commence the process leading to the emergence and installation of a new Deji of Akure.
Ibori Loses Bail In Dubai, Remanded In Police Custody – Punch, Page 2
The travails of former Delta State Governor, Chief James Ibori have worsened as a court in Dubai, United Arab Emirates, revoked the bail he was granted on May 13. Two Nigerian online news agencies – Saharareporters and The Will – said in their reports on Thursday that the Dubai police, acting on an intelligence report, revoked the bail on the grounds that Ibori might escape from the oil-rich Arab country. The agencies added in the reports that the former governor’s bail was revoked as soon as he arrived at the police headquarters in Dubai on Tuesday. Saharareporters said “The police, acting on actionable intelligence, revoked his bail as soon as he arrived their headquarters, having become desperate following the sentencing of two of his associates to five-year jail terms.”\
Impeachment: Bayelsa Deputy Governor Heads To Court – Thisday, Page 3
Facing threat of impeachment, Bayelsa State Deputy Governor Peremobowei Ebebi has headed to court in order to stop his removal from office, THISDAY has learnt. Yesterday, Ebebi drew the attention of the state Chief Judge to a suit which he instituted against the Speaker of the State House of Assembly Werinipre Seibarugu at the state High Court, with suit No YHC/201/2010. He said that up till yesterday, he had not received any notice of impeachment despite the fact that the Speaker had announced that he had been served notice signed by 17 members of the House. Ebebi argued that the process by which the House was plotting to remove him through resolution directing him (the CVJ) to constitute a seven-man panel, was not in the 1999 constitution.
2010 Admissions: JAMB Sets 180 As Cut-Off Mark – Punch, Page 8
The Joint Admission and Matriculation Board (JAMB) on Thursday said it had set 180 as the cut-off mark for admission into all categories of tertiary institutions across Nigeria for 2010. The decision was reached after the first combined policy committee meeting on admission to degree-awarding institutions, National Diploma, National Certificate in Education and National Innovation Diploma-awarding institutions held in Abuja. The cut-off mark affects all the candidates that sat for the first Unified Tertiary Matriculation Examination conducted on April 17.
Ondo Set To Reduce Unemployment With 10,000 Jobs – Tribune, Page 12
Ondo State Governor, Olusegun Mimiko, on Thursday, said the state government would employ over 10,000 youths in Ondo in its determination to reduce graduate unemployment. Mimiko, who disclosed this in Ondo Town while declaring open a six-week training programme in Information and Communications Technology (ICT) and renewable Energy organized by Tech Ville Limited, stated that more than 4,000 youths had already been employed by the government in various sectors in the last 15 months.
Power Supply: Nigeria To Partner US – Thisday, Page 1
Efforts to solve the country’s power generation and distribution problem were stepped up yesterday when Nigeria and United States government officials inaugurated an Energy and Investment Working Group in Washington D.C. The inauguration took place during a two-day bilateral talk on Energy and Investment at the US Department of State. The group would discuss issues affecting Nigeria’s energy sector and proffer suggestions on energy investment challenges and opportunities that would serve as a catalyst to the development of the sector. Yesterday’s bilateral talks ushered in the next phase of the Bi-national Commission Agreement signed in Washington DC by the two countries in April.
Erediauwa, Benin Priests Invoke Curses On Robbers, Kidnappers, Others – Guardian, Page 3
It was a gathering of all known spiritualists, native doctors and medicine men all over Benin Kingdom as they gathered at the City Centre, Urokpota Hall to invoke curses of death and tragedies on all those directly and indirectly involved in criminal activities of armed robbery, kidnappings, ritual killings among other crimes in Edo State. The rituals, which lasted for about six hours paralysed activities in the city centre. Led by the Iyase of Benin Kingdom (Prime Minister), Chief Sam Igbe and the Chief Priest of the Kingdom, Chief Nosakhare Isehkure, the all-male participants, which included high ranking palace chiefs, traditional heads (Enigies) of communities in the curse ritual clad in red apparels slaughtered more than 20 various animals and their blood sprinkled in various shrines across the city. Thereafter, various juju priests rained curses on the criminals who have made the state capital unsafe and almost devoid of night life.
Talks Open On Security Council Reform Today – Guardian, Page 1
The stakes and the expectations are high. And diplomats from countries aspiring for permanent sets in the United Nations Security Council are leaving nothing to chances. At the forefront of the diplomatic overtures to UN members believed to have critical roles to play in the bid to reform the world body and possibly appoint new permanent members in the Security Council are African countries. As the UN opens discussion on the issue today, African envoys have said that the forum would enable the continent to know its true friends. At stake in the continent, is the determination of whether Africa as a bloc will get seats as permanent members of the world body.
Bank Robbery: Area Commander Escapes Death – Punch, Page 10
A gang of armed robbers raided a second generation bank, Intercontinental bank Plc, Ijebu-Igbo branch, on Thursday morning and stole unspecified amounts of money in a 45-minute operation. Eyewitnesses told our correspondent that the armed robbers, numbering about 12, stormed the bank at about 9.30am in a bus and a Mercedes Benz car. They allegedly uprooted the security door at the bank with a sledge hammer before holding the workers and customers hostage at gun point. It was gathered that the armed robbers, who escaped with their loot through Atan Road before hitting the Benin-Ore Expressway, opened fore on the vehicle of the Area Commander of Ijebu Igbo, Mr. Christopher Obagunle, an Assistant Commissioner of Police at Atan.
Moneygram Extends Reach In Nigeria – Punch, Page 20
The management of Moneygram International, a money transfer company, has signed an agreement with First Bank of Nigeria Plc. With the partnership, Moneygram, according to the company’s Chief Executive Officer, Miss Pamela Patsley, has reached the milestone of 200,000 agents across the world. A statement on Thursday quoted her as saying that the company was celebrating the accomplishment with the contribution of $200,000 to no-profit organizations around the world, part of which was the donation of $20,000 to the Grameen Foundation in Nigeria.
BNP Paribas To Finance Govt, Private Projects’ Expansion – Guardian, Page 17
BNP Paribas has pledged commitment to provide more structured financing facilities for government and private sector projects in Nigeria, as part of its African business expansion. The Deputy Global Head of Export Finance as well as Head, Regional Development and Organisation of the institution, Yesser Henda, said at an import finance seminar organized by the financial institution in Lagos recently that BNP Paribas intends to do more business in Nigeria through advisory services and structured finance of medium to long term tenure for import of capital goods, equipment and services into the country.
Firm Begins ATM Card Production – Guardian, Page 19
Electronic PayPlus Limited has commenced production of Automated Teller Machine (ATM) cards for banks with capacity to produce 15,000 in a day, the Chief Executive Officer of the company, Mr. Bayo Adeokun, has said. The CEO, during a tour of the company’s facilities in Lagos recently, said that the firm would scale up its capacity as patronage increased. Adeokun said that the company had the Verve certification and currently in the process of getting MasterCard certification, adding that the next line of action was to attain the Visa certification. He added that the company through operating shifts so that some employees could work overnight could accommodate demand exceeding 15,000 cards per day.
Market Value Puts Tier 2 Banks Ahead Of Peers – Business Day, Page 1
Contrary to the popular belief that the banking industry is dominated by the big four – First Bank, GT Bank, UBA and Zenith Bank – which are considered to be in the tier one or industry leaders, market sentiments, particularly in the post-banking reforms seem to favour the tier two banks, comprising, Access Bank, Diamond Bank, FCMB and Skye Bank, based on some indices, according to Renaissance capital (Rencap). Tier one capital is the core measure of a bank’s financial strength from a regulator’s point of view. It is composed of core capital, consisting primarily of common stock and disclosed reserves (or retained earnings). It may also include non-redeemable non-cumulative preferred stocks. The essence is its ability to provide protection against unexpected losses. The tier one capital ratio is the ratio of a bank’s core equity capital to its total assets, while the tier two risk based capital ratio on the other hand is the ratio of a bank’s core (equity capital) to its total risk-weightened assets.
History As World Cup Debuts In S’Africa – Thisday, Page 1
South Africa is in hyper drive as the country hosts this afternoon the first ever FIFA World Cup finals to be staged on the African continent in the 80 years of the tournament. President Goodluck Jonathan left Abuja last night for Johannesburg, South Africa, for the opening ceremonies of the World Cup. South African President Jacob Zuma had specifically invited him for the event. The President left the Nnamdi Azikiwe International Airport, Abuja around 11.00pm in the Presidential Jet, Air Force One. When FIFA awarded the tournament to the ‘Rainbow Nation’ some six years ago, many in the West felt that the World Football governing body had made a big mistake. Despite this skepticism, FIFA President Sepp Blatter resolutely stood behind the 1996 African Cup of Nations host, insisting that South Africa would not only be ready on time but would organize in impressive tournament.
Deji Of Akure Deposed, Banished, Arrested – Punch, Page 1
The Ondo State government on Thursday deposed the Deji of Akure, Oba Oluwadare Adesina, “with immediate effect”. A statement by the Chief Press Secretary to Governor Olusegun Mimiko of Ondo State, Mr. Kolawole Olabisi, said the decision was reached at a meeting of the State Executive Council presided in Akure. The statement said the government subsequently directed Akure kingmakers and the Akure South Local Government to immediately commence the process leading to the emergence and installation of a new Deji of Akure.
Ibori Loses Bail In Dubai, Remanded In Police Custody – Punch, Page 2
The travails of former Delta State Governor, Chief James Ibori have worsened as a court in Dubai, United Arab Emirates, revoked the bail he was granted on May 13. Two Nigerian online news agencies – Saharareporters and The Will – said in their reports on Thursday that the Dubai police, acting on an intelligence report, revoked the bail on the grounds that Ibori might escape from the oil-rich Arab country. The agencies added in the reports that the former governor’s bail was revoked as soon as he arrived at the police headquarters in Dubai on Tuesday. Saharareporters said “The police, acting on actionable intelligence, revoked his bail as soon as he arrived their headquarters, having become desperate following the sentencing of two of his associates to five-year jail terms.”\
Impeachment: Bayelsa Deputy Governor Heads To Court – Thisday, Page 3
Facing threat of impeachment, Bayelsa State Deputy Governor Peremobowei Ebebi has headed to court in order to stop his removal from office, THISDAY has learnt. Yesterday, Ebebi drew the attention of the state Chief Judge to a suit which he instituted against the Speaker of the State House of Assembly Werinipre Seibarugu at the state High Court, with suit No YHC/201/2010. He said that up till yesterday, he had not received any notice of impeachment despite the fact that the Speaker had announced that he had been served notice signed by 17 members of the House. Ebebi argued that the process by which the House was plotting to remove him through resolution directing him (the CVJ) to constitute a seven-man panel, was not in the 1999 constitution.
2010 Admissions: JAMB Sets 180 As Cut-Off Mark – Punch, Page 8
The Joint Admission and Matriculation Board (JAMB) on Thursday said it had set 180 as the cut-off mark for admission into all categories of tertiary institutions across Nigeria for 2010. The decision was reached after the first combined policy committee meeting on admission to degree-awarding institutions, National Diploma, National Certificate in Education and National Innovation Diploma-awarding institutions held in Abuja. The cut-off mark affects all the candidates that sat for the first Unified Tertiary Matriculation Examination conducted on April 17.
Ondo Set To Reduce Unemployment With 10,000 Jobs – Tribune, Page 12
Ondo State Governor, Olusegun Mimiko, on Thursday, said the state government would employ over 10,000 youths in Ondo in its determination to reduce graduate unemployment. Mimiko, who disclosed this in Ondo Town while declaring open a six-week training programme in Information and Communications Technology (ICT) and renewable Energy organized by Tech Ville Limited, stated that more than 4,000 youths had already been employed by the government in various sectors in the last 15 months.
Power Supply: Nigeria To Partner US – Thisday, Page 1
Efforts to solve the country’s power generation and distribution problem were stepped up yesterday when Nigeria and United States government officials inaugurated an Energy and Investment Working Group in Washington D.C. The inauguration took place during a two-day bilateral talk on Energy and Investment at the US Department of State. The group would discuss issues affecting Nigeria’s energy sector and proffer suggestions on energy investment challenges and opportunities that would serve as a catalyst to the development of the sector. Yesterday’s bilateral talks ushered in the next phase of the Bi-national Commission Agreement signed in Washington DC by the two countries in April.
Erediauwa, Benin Priests Invoke Curses On Robbers, Kidnappers, Others – Guardian, Page 3
It was a gathering of all known spiritualists, native doctors and medicine men all over Benin Kingdom as they gathered at the City Centre, Urokpota Hall to invoke curses of death and tragedies on all those directly and indirectly involved in criminal activities of armed robbery, kidnappings, ritual killings among other crimes in Edo State. The rituals, which lasted for about six hours paralysed activities in the city centre. Led by the Iyase of Benin Kingdom (Prime Minister), Chief Sam Igbe and the Chief Priest of the Kingdom, Chief Nosakhare Isehkure, the all-male participants, which included high ranking palace chiefs, traditional heads (Enigies) of communities in the curse ritual clad in red apparels slaughtered more than 20 various animals and their blood sprinkled in various shrines across the city. Thereafter, various juju priests rained curses on the criminals who have made the state capital unsafe and almost devoid of night life.
Talks Open On Security Council Reform Today – Guardian, Page 1
The stakes and the expectations are high. And diplomats from countries aspiring for permanent sets in the United Nations Security Council are leaving nothing to chances. At the forefront of the diplomatic overtures to UN members believed to have critical roles to play in the bid to reform the world body and possibly appoint new permanent members in the Security Council are African countries. As the UN opens discussion on the issue today, African envoys have said that the forum would enable the continent to know its true friends. At stake in the continent, is the determination of whether Africa as a bloc will get seats as permanent members of the world body.
Friday, June 11, 2010
Thursday, June 10, 2010
Tuesday, June 8, 2010
डेली news
Tuesday June 8, 2010
Ecobank Group Partners Nedbank On ATMs – Guardian, Page 20
Ecobank Group and Nedbank of South Africa have entered into partnership that will allow Ecobank customers access Nedbank’s Automated Teller Machines (ATMs) in South Africa. This will also give Nedbank the opportunity to extend accessibility of regional cards issued by Ecobank to over 2,460 ATMs in Africa. The Managing Director of Ecobank, Jibril Aku, announced this partnership in Lagos last week. Aku explained that Ecobank and Nedbank, which is one of the four biggest banks in South Africa, have been involved in cooperative partnership on projects that seem to be of mutual benefits to both banks.
Ecobank Extends ATM Card Service To South Africa – Business Day, Page 19
Ecobank has extended its regional card services Automated Teller Machine (ATM Card); to enable holders of the card withdraw cash within South Africa from any Nedbank ATM. Jibril Aku, Managing Director, Ecobank Nigeria, announced the inclusion of South Africa in the usage of the bank’s regional card. He said the move was part of the Ecobank-Nedbank alliance initiative, which has brought the two banks into partnership. “I am pleased to announce that the Ecobank Regional Card will as of today enable holders to withdraw their money in South African Rands, from any of the 1,860 Ned bank ATM throughout the country”, he stated.
Ecobank Appoints New Chairman – Champion, Page 35
The Board of Director of Ecobank Nigeria Plc has appointed Olor’ogun (Dr.) Sonny Folorunsho Kuku as its new Chairman. The appointment which took effect from March, 2010 follows the voluntary stepping down of its former Chairman, Chief John Odeyemi. Dr. Kuku is a renowned Physician, Scholar and Administrator. He has been the Joint Chief Medical Director and Chairman of the EKO Hospital (Ekocorp Plc) which he co-founded in 1978. Dr. Kuku has also been a Trustee and a Distinguished Fellow of the National Postgraduate Medical College of Nigeria, President and Trustee, West African College of Physicians. A past Chairman of the Committee of Pro-Chancellors of State Universities and Committee of Chairmen of Federal Tertiary Hospitals, he was a recipient of the First Distinguished Alumnus Award of the University of Lagos and Ambassador of Goodwill Award, City of Freetown.
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Vanguard, Page 4
64 Games. 1,860 ATMs. One Card - You only need one thing to enjoy football this June, your Ecobank Regional Card. Now you can conveniently access your money in South Africa through any of Nedbnak’s 1,860 ATMs.
Stanbic IBTC, Actis Kicks Off $100m City Mall – Thisday, Page 62
Stanbic IBTC Bank Plc and Actis yesterday in Lagos marked the start of construction work at the Ikeja City Mall. The ground breaking ceremony of the $100 million project was performed by officials of Stanbic IBTC Bank, Actis and the Lagos State Government. The City Mall was financed by a mixture of debt and equity with a debt facility of $48.6 million secured from Stanbic IBTC Bank and Standard Bank of South Africa Limited. Executive Director, Corporate and Investment Banking, Stanbic IBTC, Mr. Yinka Sanni, said Stanbic IBTC’s participation in the project was in line with its zeal to contribute to the development of the real estate sector, industries and infrastructure of Lagos State. He added that the zeal also agrees with the passion Standard bank has for the development of Nigeria and Africa.
Stanbic IBTC Shareholders Okay 30 Kobo Dividend – Guardian, Page 18
Shareholders of Stanbic IBTC bank, a member of Standard Bank Group, yesterday approved 30 kobo dividend, amounting to N5.63 billion for the year 2009. In his address to shareholders, Chairman of Stanbic IBTC Bank, Atedo Peterside, described 2009 as the year that witnessed the most turbulent developments in the Nigerian banking sector since the ongoing reforms commenced in mid 2004. However, a press statement issued yesterdays aid Stanbic IBTC emerged from the turbulence “relatively unscathed”.
Union Bank: Promo Savings To Support Productive Sector-MD – Daily Independent, Page 23
Managing Director of Union Bank, Funke Osibodu, has said that funds mobilized through its Savings Bonanza, would be used to support the productive sector of the economy, thereby facilitating rapid economic growth. Union Bank had on May 27, 2010 concluded its savings bonanza that was officially launched in March last year. In all, several attractive prizes were on offer including two houses (a three Bedroom bungalow in Abuja and a three bedroom luxury flat in Lagos); three Toyota Land Cruiser (Prado SUVs); 36 Toyota Corolla Cars and 180 Motorcycles, others are N25million cash gifts and over one million other instant prizes made up of handsets, T-shirts, calculators, mugs, rulers, biros and exercise books, among others.
ValuCard Promo Winners Receive Prizes – Punch, Page 20
ValuCard Nigeria Plc has redeemed prizes for the 2010 FIFA World Cup campaign in which five merchants emerged winners. The usage campaign is being organized by ValuCard Nigeria, courtesy of Visa International. Speaking during the prize presentation on Friday, the Managing Director/Chief Executive Officer of the company, Mr. Kyari Bukar, said the promo was in line with the partnership between Visa International and FIFA to project major events such as the World Cup in South Africa.
Citibank Nigeria Kicks Off Diversity Week – Vanguard, Page 33
Citibank has flagged off its Third Annual Diversity week in over 54 countries in the Europe, Middle East and Africa region. According to a statement signed by Ms. Ogochukwu Okezie, spokesperson for Citibank Nigeria, the Diversity week for the year 2010, which commenced Monday, was established to raise awareness on diversity issues and promote tolerance within Citi, which has over 200,000 employees in more than 140 countries.
N55b Fraud: Atuche Trying To Frustrate Trial, Says EFCC – Daily Independent, Page 5
Former Managing Director of Bank PHB, Francis Atuche, was on Monday accused of doing everything within his powers to frustrate the corruption charges preferred against him by the Economic and Financial Crimes Commission (EFCC). The EFCC is prosecuting Atuche alongside a former Managing Director of Spring Bank, Charles Ojo, on a 45-count charge ranging from criminal grant of loans abuse of office and economic fraud to the tune of N55billion. The former bank chiefs are standing trial before Justice Akinjide Ajakaiye of the Federal High Court sitting in Lagos.
Ex-Worker Battles Access Bank Over Sack, Wants N5m – Guardian, Page 63
A former employee of Access Bank Nigeria Plc, Rasak Ademola Olajire, has dragged his employer to a Lagos High Court sitting in Ikeja for allegedly unlawful termination of his appointment and infringement of his fundamental human rights as guaranteed by the 1999 constitution. The claimant in the suit number ID/3322/99 is claiming N5 million for special and general damages suffered on September 13 to 16 1999, when he was allegedly detained by the defendants without any report at the police station. The defendants in the suit are Access Bank Nigeria Plc, the Chief Security Officer, Femi Ogunwobi and its General Manager, Bolaji Sosanya.
64 Ex-Workers Sue Unilever Over Dismissal – Punch, Page 8
Sixty four sacked workers of Unilever Nigeria Plc have initiated a legal action against the firm before a Lagos High Court in Ikeja, challenging the legality of their dismissal. In a suit before Justice T. Ojikutu – Oshode, two ex-workers, Mr. Idono Omokenu and Mrs. Amuda Jimoh, had on behalf of the claimants, urged the court to hold that the action of Unilever to dismiss them without paying their entitlements was illegal and unconstitutional.
N100m Gone In Lagos Dawn Inferno – Compass, Page 1
Goods worth over N100million were lost in an early morning inferno yesterday at the electronics showroom of Fouani Nigeria Limited, distributors of LG Electronics, on Warehouse Road Apapa, Lagos. The fire, which stared about 7.30a.m, completely razed the whole building housing the showroom. It took firemen from both the Federal and Lagos State Fire and Safety Services, who arrived the scene about 8a.m, over five hours to put out the fire.
Banks May Include Biometric Specimen To Customer – Sun, Page 48
Worried by the rising stock of bad loans in the nation’s financial industry, the management of Nigerian banks and the Central Bank of Nigeria may have started considering the inclusion of customers’ biometric specimen to existing mode of identification for major transactions including granting of credit to customers. The measure which is part of the safety nets many believe could stem the tide of problem lending may further strengthen the Know Your Customer (KYC), rule which the apex bank says should be taken seriously by all operators. Though customers’ photographs are widely used as a form of identity by banks in most of their transactions with clients, the inclusion of fingerprints may be aimed at ensuring that the current phenomenal size of loan loss provisioning by banks is drastically reduced in the years ahead by making recovery processes less cumbersome.
Sanusi Seeks Removal Of Fuel Subsidy – Thisday, Page 3
CBN Governor Sanusi Lamido Sanusi yesterday urged the Federal Government to curb a major part of its wasteful expenditure pattern by removing the subsidy on petroleum products imported into the country. Sanusi argued that the policy of subsidizing fuel importation has not been beneficial to the masses but has mercilessly enriched a few privileged Nigerians. His call for fuel subsidy removal came as the Minister of Finance, Olusegun Aganga disclosed that Nigeria’s external debt profile has risen to $4.3 billion and warned against unnecessary borrowing by government at all levels. The duo made their positions known in separate presentations at the National Workshop on the Processes and Procedures for Obtaining Local and Foreign Loans by Federal and State Governments.
70% Nigerians Live In Poverty, Says NACCIMA – Vanguard, Page 6
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) yesterday stressed that over 70 per cent of the masses live below poverty line, which is basically caused by the mismanagement and misappropriation of funds that has seen to the rundown of the Nigerian economy. NACCIMA President, Dr. Simon Okolo, on a visit to VANGUARD yesterday, said Nigeria could pass for the proverbial “land flowing with milk and honey” considering its abundant crude oil, solid mineral resources, fertile land and other endowments, but unfortunately, this is not true of the Nigerian economy.
Jonathan To Name New INEC Boss, Others Today – Punch, Page 8
President Goodluck Jonathan is expected to present the new names of the new chairman and 10 commissioners of the Independent National Electoral Commission to the meeting of the National Council of State in Abuja on Tuesday (today). Jonathan had at a meeting with Nigerians resident in France last week said that their names would be presented to the Council of State for advice. The President had said that the nominees were credible Nigerians.
FG Okays N10bn For Second Niger Bridge – Punch, Page 15
The Federal Government has earmarked N10bn for the construction of the second Niger Bridge, just as it is set to begin an audit of road contracts awarded by the past administrations today(Tuesday). The Minister of Works, Senator Sanusi Daggash, confirmed this during a courtesy visit by the Deputy Senate President, Senator Ike Ekweremadu, in Abuja on Monday. Daggash noted that the audit had become imperative owing to the fact that the government had spent billions of naira on road projects over the years without getting commensurate returns in terms of good road work.
London Court Jails Ibori’s Associates Five Years Each – Punch, Page 2
A Southwark Crown Court in London on Monday sentenced two associates of a former governor of Delta State, Chief James Ibori – Ms. Christine Ibori-Ibie and Ms. Udoamaka Onuigbo – to five years in jail each. A 12-man jury headed by Judge Christopher Hardy had last week found Ibori-Ibie, the only surviving sister of the former governor guilty of nine counts of money laundering, mortgage and wire fraud. Onuigbo was convicted for only money laundering in a case number T20087009. Both convicts were remanded in prison at Hardy’s order immediately the guilty verdict was passed by the jury. A third accused person, Mrs. Bimpe Pogoson, who was Ibori’s personal assistant, was discharged and acquitted by the jury.
Jos: Two Policemen Killed, Monarch’s Palace Torched – Punch, Page 2
Jos metropolis in Plateau State was on Monday engulfed in another orgy of violence as motorcyclist popularly called ‘Okada’ tried to resist a government ban on their activities. By the time the violence was over, two policemen had been killed, many others wounded and a part of the palace of the Gbong Gwom Jos, Da Buba Gyang, was burnt by hoodlums who hijacked a protest by the motorcyclist. The policemen were said to have been killed along Bauchi Road while trying to enforce the law during the incident that occurred hours after one person died in a clash between herdsmen and farmers in Lapal Local Government Area of Niger State on Sunday.
NAFDAC Seizes N500m Fake Drugs, Arrests Suspected Importers – Guardian, Page 3
The National Agency for Food and Drug Administration and Control (NAFDAC) has confiscated N500 million worth of several consignments of fake anti-malarial drugs and antibiotics from China at the Nigerian Aviation Handling Company (NAHCO) shed of the Murtala Muhammed International Airport (MMIA) and arrested a Nigerian syndicate involved in importing these drugs. Director General of NAFDAC, Dr. Paul Orhii, said the fake drugs were imported form Hong Kong, China, aboard Qatar Cargo Airline between May 6 and 27, 2010 on five different flights of five separate consignments totaling 54 large packages consigned to Bubic Nigeria Limited and Dubic Nigeria Limited, all in Lagos.
Jonathan Unveils New Education Policy Today – Guardian, Page 5
President Goodluck Jonathan is expected to unveil a new national education policy today in Yola, the Adamawa State capital. While fielding questions from journalists in Yola, Governor Murtala Nyako said that Adamawa State was selected because of the attention given to the education sector by his government. He pointed out that the President would also commission the re-constructed Numam-Yola Road, which is a federal project rehabilitated by the Nyako government and several other projects.
Ecobank Group Partners Nedbank On ATMs – Guardian, Page 20
Ecobank Group and Nedbank of South Africa have entered into partnership that will allow Ecobank customers access Nedbank’s Automated Teller Machines (ATMs) in South Africa. This will also give Nedbank the opportunity to extend accessibility of regional cards issued by Ecobank to over 2,460 ATMs in Africa. The Managing Director of Ecobank, Jibril Aku, announced this partnership in Lagos last week. Aku explained that Ecobank and Nedbank, which is one of the four biggest banks in South Africa, have been involved in cooperative partnership on projects that seem to be of mutual benefits to both banks.
Ecobank Extends ATM Card Service To South Africa – Business Day, Page 19
Ecobank has extended its regional card services Automated Teller Machine (ATM Card); to enable holders of the card withdraw cash within South Africa from any Nedbank ATM. Jibril Aku, Managing Director, Ecobank Nigeria, announced the inclusion of South Africa in the usage of the bank’s regional card. He said the move was part of the Ecobank-Nedbank alliance initiative, which has brought the two banks into partnership. “I am pleased to announce that the Ecobank Regional Card will as of today enable holders to withdraw their money in South African Rands, from any of the 1,860 Ned bank ATM throughout the country”, he stated.
Ecobank Appoints New Chairman – Champion, Page 35
The Board of Director of Ecobank Nigeria Plc has appointed Olor’ogun (Dr.) Sonny Folorunsho Kuku as its new Chairman. The appointment which took effect from March, 2010 follows the voluntary stepping down of its former Chairman, Chief John Odeyemi. Dr. Kuku is a renowned Physician, Scholar and Administrator. He has been the Joint Chief Medical Director and Chairman of the EKO Hospital (Ekocorp Plc) which he co-founded in 1978. Dr. Kuku has also been a Trustee and a Distinguished Fellow of the National Postgraduate Medical College of Nigeria, President and Trustee, West African College of Physicians. A past Chairman of the Committee of Pro-Chancellors of State Universities and Committee of Chairmen of Federal Tertiary Hospitals, he was a recipient of the First Distinguished Alumnus Award of the University of Lagos and Ambassador of Goodwill Award, City of Freetown.
Advertisement
Vanguard, Page 4
64 Games. 1,860 ATMs. One Card - You only need one thing to enjoy football this June, your Ecobank Regional Card. Now you can conveniently access your money in South Africa through any of Nedbnak’s 1,860 ATMs.
Stanbic IBTC, Actis Kicks Off $100m City Mall – Thisday, Page 62
Stanbic IBTC Bank Plc and Actis yesterday in Lagos marked the start of construction work at the Ikeja City Mall. The ground breaking ceremony of the $100 million project was performed by officials of Stanbic IBTC Bank, Actis and the Lagos State Government. The City Mall was financed by a mixture of debt and equity with a debt facility of $48.6 million secured from Stanbic IBTC Bank and Standard Bank of South Africa Limited. Executive Director, Corporate and Investment Banking, Stanbic IBTC, Mr. Yinka Sanni, said Stanbic IBTC’s participation in the project was in line with its zeal to contribute to the development of the real estate sector, industries and infrastructure of Lagos State. He added that the zeal also agrees with the passion Standard bank has for the development of Nigeria and Africa.
Stanbic IBTC Shareholders Okay 30 Kobo Dividend – Guardian, Page 18
Shareholders of Stanbic IBTC bank, a member of Standard Bank Group, yesterday approved 30 kobo dividend, amounting to N5.63 billion for the year 2009. In his address to shareholders, Chairman of Stanbic IBTC Bank, Atedo Peterside, described 2009 as the year that witnessed the most turbulent developments in the Nigerian banking sector since the ongoing reforms commenced in mid 2004. However, a press statement issued yesterdays aid Stanbic IBTC emerged from the turbulence “relatively unscathed”.
Union Bank: Promo Savings To Support Productive Sector-MD – Daily Independent, Page 23
Managing Director of Union Bank, Funke Osibodu, has said that funds mobilized through its Savings Bonanza, would be used to support the productive sector of the economy, thereby facilitating rapid economic growth. Union Bank had on May 27, 2010 concluded its savings bonanza that was officially launched in March last year. In all, several attractive prizes were on offer including two houses (a three Bedroom bungalow in Abuja and a three bedroom luxury flat in Lagos); three Toyota Land Cruiser (Prado SUVs); 36 Toyota Corolla Cars and 180 Motorcycles, others are N25million cash gifts and over one million other instant prizes made up of handsets, T-shirts, calculators, mugs, rulers, biros and exercise books, among others.
ValuCard Promo Winners Receive Prizes – Punch, Page 20
ValuCard Nigeria Plc has redeemed prizes for the 2010 FIFA World Cup campaign in which five merchants emerged winners. The usage campaign is being organized by ValuCard Nigeria, courtesy of Visa International. Speaking during the prize presentation on Friday, the Managing Director/Chief Executive Officer of the company, Mr. Kyari Bukar, said the promo was in line with the partnership between Visa International and FIFA to project major events such as the World Cup in South Africa.
Citibank Nigeria Kicks Off Diversity Week – Vanguard, Page 33
Citibank has flagged off its Third Annual Diversity week in over 54 countries in the Europe, Middle East and Africa region. According to a statement signed by Ms. Ogochukwu Okezie, spokesperson for Citibank Nigeria, the Diversity week for the year 2010, which commenced Monday, was established to raise awareness on diversity issues and promote tolerance within Citi, which has over 200,000 employees in more than 140 countries.
N55b Fraud: Atuche Trying To Frustrate Trial, Says EFCC – Daily Independent, Page 5
Former Managing Director of Bank PHB, Francis Atuche, was on Monday accused of doing everything within his powers to frustrate the corruption charges preferred against him by the Economic and Financial Crimes Commission (EFCC). The EFCC is prosecuting Atuche alongside a former Managing Director of Spring Bank, Charles Ojo, on a 45-count charge ranging from criminal grant of loans abuse of office and economic fraud to the tune of N55billion. The former bank chiefs are standing trial before Justice Akinjide Ajakaiye of the Federal High Court sitting in Lagos.
Ex-Worker Battles Access Bank Over Sack, Wants N5m – Guardian, Page 63
A former employee of Access Bank Nigeria Plc, Rasak Ademola Olajire, has dragged his employer to a Lagos High Court sitting in Ikeja for allegedly unlawful termination of his appointment and infringement of his fundamental human rights as guaranteed by the 1999 constitution. The claimant in the suit number ID/3322/99 is claiming N5 million for special and general damages suffered on September 13 to 16 1999, when he was allegedly detained by the defendants without any report at the police station. The defendants in the suit are Access Bank Nigeria Plc, the Chief Security Officer, Femi Ogunwobi and its General Manager, Bolaji Sosanya.
64 Ex-Workers Sue Unilever Over Dismissal – Punch, Page 8
Sixty four sacked workers of Unilever Nigeria Plc have initiated a legal action against the firm before a Lagos High Court in Ikeja, challenging the legality of their dismissal. In a suit before Justice T. Ojikutu – Oshode, two ex-workers, Mr. Idono Omokenu and Mrs. Amuda Jimoh, had on behalf of the claimants, urged the court to hold that the action of Unilever to dismiss them without paying their entitlements was illegal and unconstitutional.
N100m Gone In Lagos Dawn Inferno – Compass, Page 1
Goods worth over N100million were lost in an early morning inferno yesterday at the electronics showroom of Fouani Nigeria Limited, distributors of LG Electronics, on Warehouse Road Apapa, Lagos. The fire, which stared about 7.30a.m, completely razed the whole building housing the showroom. It took firemen from both the Federal and Lagos State Fire and Safety Services, who arrived the scene about 8a.m, over five hours to put out the fire.
Banks May Include Biometric Specimen To Customer – Sun, Page 48
Worried by the rising stock of bad loans in the nation’s financial industry, the management of Nigerian banks and the Central Bank of Nigeria may have started considering the inclusion of customers’ biometric specimen to existing mode of identification for major transactions including granting of credit to customers. The measure which is part of the safety nets many believe could stem the tide of problem lending may further strengthen the Know Your Customer (KYC), rule which the apex bank says should be taken seriously by all operators. Though customers’ photographs are widely used as a form of identity by banks in most of their transactions with clients, the inclusion of fingerprints may be aimed at ensuring that the current phenomenal size of loan loss provisioning by banks is drastically reduced in the years ahead by making recovery processes less cumbersome.
Sanusi Seeks Removal Of Fuel Subsidy – Thisday, Page 3
CBN Governor Sanusi Lamido Sanusi yesterday urged the Federal Government to curb a major part of its wasteful expenditure pattern by removing the subsidy on petroleum products imported into the country. Sanusi argued that the policy of subsidizing fuel importation has not been beneficial to the masses but has mercilessly enriched a few privileged Nigerians. His call for fuel subsidy removal came as the Minister of Finance, Olusegun Aganga disclosed that Nigeria’s external debt profile has risen to $4.3 billion and warned against unnecessary borrowing by government at all levels. The duo made their positions known in separate presentations at the National Workshop on the Processes and Procedures for Obtaining Local and Foreign Loans by Federal and State Governments.
70% Nigerians Live In Poverty, Says NACCIMA – Vanguard, Page 6
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) yesterday stressed that over 70 per cent of the masses live below poverty line, which is basically caused by the mismanagement and misappropriation of funds that has seen to the rundown of the Nigerian economy. NACCIMA President, Dr. Simon Okolo, on a visit to VANGUARD yesterday, said Nigeria could pass for the proverbial “land flowing with milk and honey” considering its abundant crude oil, solid mineral resources, fertile land and other endowments, but unfortunately, this is not true of the Nigerian economy.
Jonathan To Name New INEC Boss, Others Today – Punch, Page 8
President Goodluck Jonathan is expected to present the new names of the new chairman and 10 commissioners of the Independent National Electoral Commission to the meeting of the National Council of State in Abuja on Tuesday (today). Jonathan had at a meeting with Nigerians resident in France last week said that their names would be presented to the Council of State for advice. The President had said that the nominees were credible Nigerians.
FG Okays N10bn For Second Niger Bridge – Punch, Page 15
The Federal Government has earmarked N10bn for the construction of the second Niger Bridge, just as it is set to begin an audit of road contracts awarded by the past administrations today(Tuesday). The Minister of Works, Senator Sanusi Daggash, confirmed this during a courtesy visit by the Deputy Senate President, Senator Ike Ekweremadu, in Abuja on Monday. Daggash noted that the audit had become imperative owing to the fact that the government had spent billions of naira on road projects over the years without getting commensurate returns in terms of good road work.
London Court Jails Ibori’s Associates Five Years Each – Punch, Page 2
A Southwark Crown Court in London on Monday sentenced two associates of a former governor of Delta State, Chief James Ibori – Ms. Christine Ibori-Ibie and Ms. Udoamaka Onuigbo – to five years in jail each. A 12-man jury headed by Judge Christopher Hardy had last week found Ibori-Ibie, the only surviving sister of the former governor guilty of nine counts of money laundering, mortgage and wire fraud. Onuigbo was convicted for only money laundering in a case number T20087009. Both convicts were remanded in prison at Hardy’s order immediately the guilty verdict was passed by the jury. A third accused person, Mrs. Bimpe Pogoson, who was Ibori’s personal assistant, was discharged and acquitted by the jury.
Jos: Two Policemen Killed, Monarch’s Palace Torched – Punch, Page 2
Jos metropolis in Plateau State was on Monday engulfed in another orgy of violence as motorcyclist popularly called ‘Okada’ tried to resist a government ban on their activities. By the time the violence was over, two policemen had been killed, many others wounded and a part of the palace of the Gbong Gwom Jos, Da Buba Gyang, was burnt by hoodlums who hijacked a protest by the motorcyclist. The policemen were said to have been killed along Bauchi Road while trying to enforce the law during the incident that occurred hours after one person died in a clash between herdsmen and farmers in Lapal Local Government Area of Niger State on Sunday.
NAFDAC Seizes N500m Fake Drugs, Arrests Suspected Importers – Guardian, Page 3
The National Agency for Food and Drug Administration and Control (NAFDAC) has confiscated N500 million worth of several consignments of fake anti-malarial drugs and antibiotics from China at the Nigerian Aviation Handling Company (NAHCO) shed of the Murtala Muhammed International Airport (MMIA) and arrested a Nigerian syndicate involved in importing these drugs. Director General of NAFDAC, Dr. Paul Orhii, said the fake drugs were imported form Hong Kong, China, aboard Qatar Cargo Airline between May 6 and 27, 2010 on five different flights of five separate consignments totaling 54 large packages consigned to Bubic Nigeria Limited and Dubic Nigeria Limited, all in Lagos.
Jonathan Unveils New Education Policy Today – Guardian, Page 5
President Goodluck Jonathan is expected to unveil a new national education policy today in Yola, the Adamawa State capital. While fielding questions from journalists in Yola, Governor Murtala Nyako said that Adamawa State was selected because of the attention given to the education sector by his government. He pointed out that the President would also commission the re-constructed Numam-Yola Road, which is a federal project rehabilitated by the Nyako government and several other projects.
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