Korede Bello Becomes Glo Ambassador
Korede Bello has taken to Instagram to post about his brand new endorsement as a Glo Ambassador.
Very big congratulations Korede.
1 Jul 2015
Critics Mocks Pres. Buhari....Calls Him “Baba Go Slow.” - DETAILS!!!
Nigerian President Muhammadu Buhari took office a month ago on a wave of hope that he would quickly deal with a deepening economic crisis and an Islamist insurgency in the north. So far, he hasn’t met those expectations.
While Africa’s biggest oil producer has been hit by a 40 percent fall in petroleum prices in the past year that has slowed economic growth and weakened the currency, Buhari, 72, has delayed naming a cabinet until September. As the momentum of being the first opposition candidate to win power at the ballot box fades, critics are mocking him as a sluggish elderly man, or “Baba Go Slow.”
Buhari has acknowledged the crisis, saying last month that his government is facing severe financial strain, with a Treasury that’s “virtually empty,” and his party is calling for patience. Yet his lack of urgency in tackling economic woes could leave Nigeria badly adrift, said John Ashbourne, an economist at Capital Economics in London.
“Every week that Nigeria goes without a cabinet increases the chance that it will face a dangerous shock -- whether a revenue collapse or a currency crisis,” Ashbourne said by phone Tuesday. “Leaving the federation without a finance minister would be a questionable choice at the best of times; doing so during a period of economic instability is difficult to explain.”
Investor Displeasure
Nigeria’s currency, twice devalued in the past year in an attempt to cope with lower oil income, has weakened 7.7 percent against the dollar this year on the interbank market. The International Monetary Fund estimates that growth will slow to 4.8 percent this year from 6.1 percent in 2014. The naira was trading at 198.85 against the U.S. dollar at 2.38 p.m. in Lagos.
The Nigerian Stock Exchange Index hit its 2015 peak of 35,728.12 on April 2, the day after Buhari was declared the election winner. Since then it has fallen 8 percent.
The cabinet delay won’t please investors, said Alan Cameron, an economist at Exotix Partners LLP. They’re expecting tighter fiscal policy, a currency devaluation and a greater focus on tax collection after the drop in oil prices, he said.
“There was initially some hope that Buhari would be able to tackle these changes more quickly and with more credibility, but the time line has now been pushed back,” Cameron said by phone from London. “It’s going to be a difficult pill to swallow for foreign investors.”
Inertia Concern
The central bank has banned importers from using the foreign-exchange market to buy certain goods as it seeks to stabilize the naira and hold on to external reserves, which are down 16 percent this year to $29 billion.
“Even what little could have been achieved so far, such as the nomination of ministers, has not been addressed, and there is a sense of inertia,” Folarin Gbadebo-Smith, managing director of the Center for Public Policy Alternatives, a Lagos-based research group, said by phone Wednesday.
Buhari’s own party, the All Progressives Congress, has recognized the growing public disenchantment and pleaded for patience.
“Nigerians are right to demand even a faster pace. Nigerians are right to ask that a government be quickly put in place,” party spokesman Lai Mohammed told reporters at a June 30 press conference in Lagos, the commercial capital. “All we ask for is a little more patience, a little more understanding.”
Government Change
Buhari is facing a unique situation because his victory over the incumbent, Goodluck Jonathan, ended 16 years of rule by the Peoples Democratic Party, his spokesman Femi Adesina said.
“This is not a normal changeover, it is from one government to another,” he said.
Buhari, who previously governed Nigeria as military ruler in the 1980s, has moved more quickly in the fight against the Islamist militant group, Boko Haram, which has waged a violent six-year campaign in the north.
He ordered the army to move its headquarters from Abuja, the capital, to the northeastern city of Maiduguri, the scene of some of the worst fighting, and has traveled to neighboring countries such as Chad and Niger to discuss cross-border military cooperation.
It’s the “one area in which the Buhari administration has hit the ground running,” Mohammed said.
Yet, while troops from Nigeria and Chad have largely dislodged Boko Haram from its self-declared caliphate in the northeast this year, the insurgents have stepped up hit-and-run attacks.
Corruption Fight
Buhari will also have to deal with shortcomings in his own army, which Amnesty International said last month should be investigated for war crimes, including unlawful killings.
In a step toward meeting his campaign promise to attack corruption that has crippled Nigeria for decades, Buhari disbanded the board of the state-run Nigerian National Petroleum Corp. The National Economic Council on Monday set up a four-member panel to probe its accounts.
Even some opposition lawmakers say Buhari needs more time.
“His approach may be different, but I am patient, I will give him some time,” Ben Murray-Bruce, a PDP senator, said in a June 29 interview in Abuja.
Where Buhari has come up short is communicating a sense of engagement to the public, said Gbadebo-Smith.
“He doesn’t say anything about anything,” he said. “The public would be satisfied with signals that say we are doing something about this, we are on top of this.”
SOURCE : BLOOMBREG
Suspected Boko Haram Member Attacks Civil Defence Corps Officer In Anambra
Pandemonium broke out Tuesday evening at Nkpor
Junction in Idemili North Local Government Area of
Anambra state, near Onitsha, when information filtered
that a man suspected to be a Boko Haram member was
spotted in the area with explosive materials on his
person.
Kim K puts her massive boobs on display on cover of Rolling Stone
The 34 year old expectant mum is on the cover of
Rolling Stone magazine for the first time ever!
NASS Crisis May Trigger Buhari’s Impeachment – Lawyer
An Abia State-based constitutional lawyer and human rights activist, Dr. Anthony Agbazuere, has warned the leadership of the ruling All Progressive Congress to treat with caution, the leadership crisis rocking the National Assembly, saying it can consume both APC and President Muhammadu Buhari if not carefully handled.
Committee accuses ex Bauchi gov, Isa Yuguda, of given out 64 cars 24 hours before handing over
The recovery committee set up by the current governor of Bauchi state, Mohammed Abdullahi Abubakar, to recover all stolen government property says former Governor, Isa Yuguda gave out 64 cars to politicians, former commissioners, Special advisers and top civil servant, 24 hours before he handed over to the new administration. This allegation comes barely 2 weeks after the committee said it had recovered 22 cars the former governor gave his wives.
Bio of Mrs Aisha Buhari, wife of the President of Nigeria
She hails from Adamawa State, North-East Region of Nigeria. Her grandfather, Alhaji Mohammed Ribadu, was Nigeria’s first Minister of Defence. Her twenty-five years marriage to the former Head of State is blessed with five children and a granddaughter.
(Photo):Pastor Kumuyi Visits Governor Ikpeazu
Abia state Governor. Dr. Okezie Ikpeazu (middle)
flanked (from l-r) by General Overseer of Deeper
Life Bible Church, Pastor Williams Kumuyi and his
wife Esther, D-Gov. Rt. Hon Udeh Okochukwu and
Speaker, Abia state House of Assembly Rt. Hon.
Martins Azubuike during a courtesy visit by Pastor
Kumuyi and his team to the governor in Umuahia.
Abia State governor, Dr. Okezie Ikpeazu, Tuesday,
received a delegation from the Deeper Life Bible
Church at the Government House, in Umuahia,
the state capital.
flanked (from l-r) by General Overseer of Deeper
Life Bible Church, Pastor Williams Kumuyi and his
wife Esther, D-Gov. Rt. Hon Udeh Okochukwu and
Speaker, Abia state House of Assembly Rt. Hon.
Martins Azubuike during a courtesy visit by Pastor
Kumuyi and his team to the governor in Umuahia.
Abia State governor, Dr. Okezie Ikpeazu, Tuesday,
received a delegation from the Deeper Life Bible
Church at the Government House, in Umuahia,
the state capital.
Robberies in traffic on Lagos roads - Read Shared Experiences Of Victims
FIRST ACCOUNT
This is also an appeal to the appropriate agencies in Lagos and other states. Curb the menace of traffic robbery now before these robbers start killing people. Talent manager Isioma Osaje shares her experience below.
How Buhari Ignored Transition Committee’s Recommendation To Declare assets
As part of quick wins for the administration, the Ahmed Joda-led committee recommended that the President should immediately after assumption of office declare his assets publicly.
Money Laundering:Finally Court Frees Fani-kayode
A federal High court sitting in Lagos today discharged and acquitted former Aviation Minister Femi Fani Kayode of money laundering charges leveled against him by the EFCC.
Delivering her judgement, the presiding judge, Justice Rita Ofili-Ajumogobia, said the charges brought against Fani-Kayode was 'feeble' and EFCC failed to provide 'copious evidence' that linked him to money laundering.
July 2015 is Here! Happy New Month
Upon the declaration of this new July, I pray with you, every problem that have stayed with you last month shall not trouble you again, everything has been made new in your life, you re a covenant Child and you shall be blessed that even the blessed shall call you blessed....HAPPY NEW MONTH FROM SKYBLINGS ENTERTAINMENT
Photos: Chris Brown, buys new home, gets new tattoo
Tiger Woods dating a friend's ex-wife he cheated with when he was with Lindsey Vonn
The 39-year old is said to be having a 'steamy affair' with Amanda Boyd, 27, who divorced former PGA Championship winner Jason Dufner in April.
Okonjo-Iweala replies Oshiomole over allegations she spent $2.1bn without approval oil fund
"We looked at the numbers for the Excess Crude Account. The last time the former Minister of Finance and Coordinating Minister of the Economy, Mrs Ngozi Okonjo-Iweala, reported to the council, and it is in the minutes, she reported by November 2014 that we had $4.1 bn. Today, the Accountant-General Office reported we have $2.0bn.
Which means the honourable minister spent $2.1bn without authority of the NEC and that money was not distributed to states, it was not paid to the three tiers of government,” Adams Oshiomhole said
However in a statement released and signed by her spokesperson Paul Nwabuikwu today June 30th, Dr Okonjo-Iweala said there was no authorized spending from the Excess Crude Account under her watch as Minister of Finance. She described the allegations as a political witch hunting.
"It is curious that in their desperation to use the esteemed National Economic Council for political and personal vendetta, the persons behind these allegations acted as if the constitutionally recognized FAAC, a potent expression of Nigeria’s fiscal federalism, does not exist. But Nigerians know that collective revenues, allocations and expenditures of the three tiers of government are the concern of the monthly FAAC meetings. It is important to acknowledge the efforts of governors who are working hard to overcome the current revenue challenges facing their states without resorting to character assassination and blame games.
It is clear that this is the latest chapter of a political witch-hunt by elements who are attempting to use the respected National Economic Council for ignoble purposes having failed abysmally in their previous attempts to tar the Okonjo-Iweala name. It will be recalled that one of such attempts took place in May when some of these governors, hiding under the auspices of the Nigerian Governors Forum asked Okonjo-Iweala to explain $20 billion alleged to be missing from the same ECA. The Finance Ministry subsequently issued a news release and published an advertorial in national newspapers on May 25, 2015 giving details of what the Federal Government and states received from the ECA in the last four years. It also provided details of the use of the funds for payment of petrol subsidies for the Nigerian public and SURE-P allocations to the three tiers for development purposes.
After the publication, the accusers lost their voice. But the latest allegations show that these persons are still in the business of throwing up wild, unsubstantiated figures to damage Okonjo-Iweala’s name. For instance, within the last few months, Governor Oshiomhole and his fellow travelers have asked Okonjo-Iweala to account for “missing” $30 billion, $20 billion and now $2.1 billion. What they don’t seem to understand is that the strategy has lost all credibility because the falsehood is clear for all to see. How can some governors who fought FG’s efforts to leave robust savings in the ECA and even took the Federal Government to court over the matter turn around to make such unfounded allegations? The world knows that it was Okonjo-Iweala who pioneered, during her first stint as Minister of Finance in the Obasanjo administration, the practice of publishing monthly updates of all allocations to different tiers of government in order to empower Nigerians with information and knowledge of government revenues and expenditure.
This enabled the Nigerian public to ask questions about the utilization of these resources. Of course many elected and appointed public officials were not happy with this development. She continued this practice when she returned in 2011 and even added periodic updates on the Excess Crude Account, subsidy payments for verified claims by oil marketers for fuel imports as well as SURE-P payments to the three tiers of government. Against this background, the idea that she spent $2.1 billion “without authorization” is simply not credible given that details of government receipts and expenditure are public knowledge. We believe that Nigerians are too smart to be hoodwinked by this partisan desperation to tar the name of Okonjo-Iweala. In the interest of the country, we advise that public officials should avoid the temptation to politicize economic issues so that balanced analysis can lead to real solutions.”the statement read
