16 Jun 2016

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CBN Suspends Dollar To Naira Trades Till Monday

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Nigeria’s central bank made no dollar to naira trades on the interbank market on Thursday but settled $13.6 million of trades made on previous days at about the naira’s pegged rate of 197.5 per dollar, an official said.

The central bank said on Wednesday it would begin open-market foreign currency trading next week, abandoning its 16-month-old peg against the dollar and setting the stage for the Nigerian currency to fall sharply.

Dealers said they expected no interbank currency market activity until the new trading regime starts on Monday.

“Central bank is not selling any money. Those who want to trade can do that among themselves,” the official said, referring to the volumes as “carryover trades” agreed but not settled before Wednesday’s announcement.

Nigeria, Africa’s largest crude exporter, has resisted devaluing its currency for more than a year even though other major oil producers, including Russia, Kazakhstan and Angola, have allowed their currencies to fall as crude prices plunged.

Currency traders were meeting on Thursday to discuss the new rules and will seek to determine trading spreads including circuit breakers, if any, they say.

“The rules are just a guideline. The practicality is totally different so people are holding on until Monday,” one trader said.

Three economists estimated the fair value of the naira at between 280 and 300 against the dollar, although the black market rate is around 370.
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New Naira Policy: See 8 Things That Might Happen In The Next Few Days

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The Central Bank of Nigeria, CBN, on Wednesday released modalities for the country's new flexible foreign exchange regime.

Here are things that are expected to happen in the next 10 days as a result:

1. Naira will get a new official price against the dollar when the market opens on Monday

2. The naira will appreciate against the dollar immensely at the black market

3. Scarcity will be reduced as dollar will be more available to buy

4. The gap between the official market and the parallel market will shrink

5. Round-tripping by dollar dealers (individuals and companies) will be massively reduced

6. The restrictions on naira cards abroad will be removed

7. The pump price of petrol may reduce

8. Inflation rate will reduce
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Cynthia Morgan And Banky W Caught On Camera Kissing Passionately (See Photo)

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NorthSide Entertainment Signee and Naija Ragga artiste Cynthia Morgan and E.M.E boss BankyW were caught on camera sharing a passionate kiss.

BankyW who seems to be so engrossed in the kissing session had his eyes shut and am just wondering what the could be going through Burna Boy's mind right now, as he happens to be Cynthia morgan's boyfriend.

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Court Set to Remove Buhari, over forged WAEC Certificate

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Justice Adeniyi Ademola, of the Federal High Court, sitting in Abuja, has fixed Thursday, June 16, to hear the case seeking the disqualification of President Muhammadu Buhari, over an alleged forged certificate.
Earlier, President Buhari, had brought a preliminary objection in a suit filed by an Abuja based Legal practitioner, Nnamdi Nwokocha-Ahaaiwe.
However, in a shocking move, Justice Ademola, quashed the suit and adjourned hearing till Thursday.
Nwokocha-Ahaaiwe, had alleged that Buhari was unqualified to aspire to the Office of the President of the Federal Republic of Nigeria, because he did not sit for the Cambridge West African School Certificate, WASC, in 1961, as he claimed.
However, Justice Ademola, in his ruling had held that it was incompetent and upheld the service of the originating court processes on Buhari.
The judge held that the service of the court’s processes on the president, through the secretariat of the All Progressives Congress, APC, was proper.
The court was satisfied that if it was served on a senior officer of the APC at the National headquarters, it would be brought to Buhari’s attention.
Dissatisfied with this ruling, Buhari, through his legal team, filed a notice of appeal at the Court of Appeal, Abuja Judicial Division, on seven grounds of appeal.
The President’s legal team, which endorsed the notice of appeal, is led by Chief Wole Olanipekun (SAN). Others are Mr. Lateef O. Fagbemi (SAN), Chief Akin Olujinmi (SAN), Oluwarotimi O. Akeredolu (SAN), Kola Awodein (SAN), Professor Taiwo Osipitan (SAN), Charles Edosomwan (SAN), Emeka Ngige (SAN), Femi Atoyebi (SAN), Femi Falana (SAN), Funke Aboyade (SAN), H.O. Afolabi (SAN), Muiz‎ Banire (SAN), and 10 other counsel.
When contacted on the phone, the plaintiff, Nwokocha-Ahaaiwe, said the President has the constitutional right of appeal and was within his rights to exercise it, particularly since he had not yet submitted a defense to the substantive action, and had filed nothing in defense of the merits of the case.
Meanwhile, the Principal Registrar of the Federal High Court, Abuja, Jane Egbo, has issued summons to the parties, to appear before the court to settle the records of the President’s appeal.
Also, a check at the Registry of the Federal High Court, Abuja, confirmed that the plaintiff has filed an application to amend his originating summons, to include prayers for the nullification of the election of Buhari, as he was not qualified ab initio to contest the election, having contravened the Electoral Act and committed perjury, in claiming to have had a WASC, when he never even sat for the examination.
The plaintiff also wants to add prayers for the court to order the Independent National Electoral Commission, INEC, to withdraw the certificate of return issued to Buhari, and issue a fresh one to Goodluck Jonathan, who came second in the 2015 presidential election.
The plaintiff’s motion on notice for amendment of his originating summons, has been served on all the defendants and will come up for hearing on Thursday, June 16, 2016.

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Ceasefire: Nigerian Military Disobeys Buhari...Read What Happened After

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NOTWITHSTANDING the two-week ceasefire declared by the Federal Government, last Monday, soldiers on Wednesday morning, swooped on Tebijor, also known as Okpelama, an Ijaw community in Gbaramatu Kingdom, Warri South-West Local Government Area, Delta State, in five gunboats hunting for militants.
Operatives of the Nigeria Navy Ship, NNS Delta on Tuesday arrested three persons suspected to be pipeline bombers and oil thieves.
These came as a new militant group, Niger-Sea Commandos, NDSC, said it had broken away from the Niger Delta Avengers, NDA.
Meanwhile, the Niger Delta Liberation Force, NDLF, a non-operational militant group founded by the late John Togo, has slammed the Joint Niger Delta Liberation Force, JNDLF, for using its name without permission to announce plan by militants to launch missiles and attack government establishments.
Commander of the Commander, Nigerian Navy Ship, NNS Delta, Commodore Raimi Mohammed, confirmed to Vanguard on phone that navy arrested three suspects
“I can confirm that the arrest was made, but I maintain my earlier stance that I do not want to attach group names to people. We are up against oil assets destroyers, oil thieves and other criminals in the waterways. Therefore, it is true we have made arrest of the three, but I am not at the moment concerned about what group people claim to belong. “
“We deal with the impact of their crimes and through information they provide get hold of their collaborators. Identity claim could issue for another day, but there could identity claims though,” he said.

A villager, who spoke on the arrest, said: “Three youths from Tebijor were unlawfully arrested today (Tuesday) by Nigerian Navy. The youths were coming from fetching mangrove sticks to set a fishing trap when they were apprehended by navy personnel on patrol at Tebijor.”
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“YOU DON’T KNOW ME, I WILL FINISH YOU AND YOUR ENTIRE FAMILY”.- GOV. WILIE OBIANO THREATENED PETER OBI

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Chief Joe Martin Uzodike, answering question of Obiano’s threat to Obi which is online lost his voice trying to say it.
During the meeting of Omanbala people with Obi on Saturday, 11th of June in Hon. Nwobu Alor’s Agulu house, Obi narrated his experience with Chief Willie Obiano.
One Omambala man at the meeting told me what transpired in confidence.
Since Joe Martin has said it half way, Ishall complete the rest.
Obi welcome them for seeking peace and narrated how he has been treated. He said that even as Wilie Obiano’s people were seeking peace, that the same Obiano, during Prof. Nwabueze’s 85th birthday on the 9th of June excused the Igwe that was staying beside him and Archbishop Anikwenwa and sat beside him and said “Ina epioghari from one place to another, it will not help you. I shall deploy all I have to make sure you lose and that you are nobody in Nigeria. Victor ga ewini gi. Obughi Onye kwue motto ya afue”.
Pointing at Peter Obi now, with Obi reminding him that certain acts are not expected from a Governor of a State, he continued: “I will deal with you, you do not know me, I will finish you and your entire family”.
At this point Obi attempted leaving the seat, but Archbishop Anikwenwa pushed him back and ask him not to leave. This was exactly what was heavy in Joe martin’s mouth.
Joe Martin only succeeded in telling us that the Governor Wilie Obiano was drunk.
In fact everybody there asked Peter Obi to keep cool because the man was under influence of some sought
The man who told me this story said that even at the meeting, Joe Martin came with written petition to the police on threat to life, but was restrained by Omambala people not to submit it as they seek peace between the duo.
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15 Jun 2016

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Donating My Kidney To OJB Jezreel, No Regrets - Wife

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She insists she doesn't regret that decision despite the death of her husband earlier today


In 2013, when OJB was diagnosed of kidney failure, his first wife Mabel Babatunde Okungbowa fondly called ‘Mama J‘ came to his rescue by donating one of her kidneys to save her husband’s life. That decision is one she says she doesn’t regret despite the death of her husband earlier today.


In an exclusive chat with THENETNG, Mabel narrates OJB’s last moments saying, ‘it wasn’t really dramatic, it was just the normal signs we see when he’s about going for his dialysis but this time he was in a lot of pains and I was by his side all through.’

We took a photo of Mama J during a visit to her late husband’s house in Surulere, Lagos today.
She continued, ‘this is all so sudden because we were still speaking about plans for his 50th birthday over the weekend’.

When asked how she feels about donating her kidney to him three years ago, she said, ‘I don’t regret it, I did it because I wanted to. I wasn’t forced to do it. After all he’s my husband, so I don’t regret it’.


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Fuel Scarcity Set To Hit Nigeria Again

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Nigerians might experiment fuel scarcity again as the owners of Mega Petrol Filling Stations have threatened to shut down operations following an alleged imposition of a lower pump price on them by the Nigeria National Petroleum Company (NNPC) .

This was revealed at a briefing held by the Mega Filling Station Owners of Nigeria (AMFSON) in Kaduna.

The association claimed that Ibe Kachikwu, the Group Managing Director (GMD) of NNPC, had directed that all mega filling stations sell fuel at varying rates of N130.00, N135.00, N140.00 per litre, while their competitors sell
at N145 per litre.

Kenneth Nwachukwu, the association’s national Secretary, said: “We are kicking against a directive by the Minister of State for Petroleum that we sell fuel for less than N145 per litre. We are all marketers and we get
supplies at the same source and at the same price. Why should we be made to sell at N130, N135 and N140 per litre while others sell for N145 per litre? With this pronouncement by the Minister, we foresee a looming fuel
scarcity because we may have to shut operations nationwide. ”



“We also see fuel scarcity because some unscrupulous marketers would rather get their supplies and sell in the black market at N145 than take the fuel to their stations and this will cause another crisis in the retail chain.”

“We have never seen this kind of policy. In fact it will increase corruption which government is fighting tooth and nail to stop. ”

“Some people are already bribing their way at the depots and officials there are selling to them at a price lower than the official one. These people can afford to sell at a price lower than N145. But we buy at official price and as such cannot be forced sell lower than N145,” he added.
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"Van Vicker Is Sleeping With Clarice Ford-Kulah My Wife" - Dr. Bartum Kulah

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Dr. Bartum Kulah who based in Atlanta Georgia has said Popular Gollywood/Nollywood actor Van Vicker is having physical and emotional affair with his wife, Clarice Ford-Kulah who claims to be actor Van Vicker's Manager and Business partner.

Dr. Bartum Kulah:


“My wife will deny the accusations and claim to be Van Vicker's Manager and Business partner that’s what she always says, it’s all a cover, and I’ve caught them at a hotel twice”.

He said they have married for long years with two children boy and girl but his wife Clarice Ford-Kulah do not care about the children, all she knows is travelling with van vicker.

“She has been in Accra since Wednesday to Premiere the film Skinned at the Silverbird tonight June 10, 2016 at 7pm and 9pm, they will then go to Liberia to Premiere the same film next Saturday, not only that but sleeping with my wife any where they go premiere movie”.

“This is the second trip in a year. They have traveled to Haiti, Liberia, Nigeria, Ireland and multiple cities in the Continental US” Dr.Bartum Kulaf added.

“I really have evidence to show that Van Vicker is sleeping with my wife and even warned my wife on that but still they are doing it”.

“It is a shame to Gollywood/Nollywood actor Van Vicker sleeping with people wives as he has married too”.


Joseph Van Vicker is one of the most recognized faces to come out of the Africa movie industry.

According to Dr. Bartum Kulaf “This is part one I will bring all the pictures, videos I mean all the evidence out if they refused to stop especially Van Vicker”.
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Osun Christian Students Must Wear Garments If Muslims Wear Hijabs – CAN Insists

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The Christian Association of Nigeria, CAN, on Wednesday, said if Muslim students continue to wear hijab to public schools in Osun state, Christian pupils will equally not stop wearing church garments and other apparels.
This declaration was made known by the Vice Chairman, VC, of CAN in the state, Pastor Moses Ogundeji.

This is coming after the state governor, Rauf Aregbesola, restated that no student is allowed to put on unauthorized uniforms to school in the state, following the instruction of CAN in the state that students should go to school in church garments.

DAILY POST gathered that some students of Baptist High School, Iwo stormed the school, wearing different church garments on Wednesday in continuation of the Tuesday drama but were prevented from going inside.

In their response to the governor, CAN is insisting that the governor should be ready to expel all students in the state, if Christians and Muslim students cannot be treated alike.

While fielding questions from journalists at the venue of the prayer meeting the association called on the hijab controversy in Osogbo on Wednesday, the VC said, “If the governor is fighting for the right of the Muslims, we will also fight for the right of the Christians.

“He should be ready to expel those wearing hijab because hijab was never part of the school uniform,” Ogundeji added.

The Secretary of CAN, Apostle Joseph Olaide, also said while addressing the gathering, that Christian students cannot be stopped from wearing church garments, adding that CAN should be notified if security men arrested any of the pupils, saying the leadership would take up the case.

Meanwhile, CAN and Muslim leaders are to meet with the Oluwo of Iwo, Oba Abdulrasheed Akanbi today to resolve the situation and avert any crisis that may erupt from the controversy.

SOURCE : DAILY POST

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Niger Delta Avengers Disarm Soldiers In Gbaraintoru, Give Them Message For Shell.

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 The most dreaded militant group within the oil rich region of the Southern Nigeria,  Niger Delta Avengers have reportedly, invaded Nigeria Soldiers guarding one of the oil facilities owned by Shell Petroleum Development Company, had a chart with the force men and left them unharmed.

Eastern Radio interviewed an eyewitness who narrated how the incident took place on Friday last week.

"I've been waiting for the mainstream Nigerian media to report it but up till this moment it has not. I think this is the case because no oil facility was blown up"

"On Friday afternoon, a strike force of the Avengers arrived at the waterfront of Gbaraintoru community in Yenagoa LGA of Bayelsa State in three gun boats. The military men guarding Shell's liquefied and natural gas gathering plant on the outskirts of the community where some gas flaring takes place, began to retreat as they were clearly outnumbered but the Avengers called out to them, asking them not to flee because they meant them no harm".

"They dropped a message with the soldiers. They told them to inform Shell to shut down the plant at once. That they do not want to see that gas flare anymore. After which they zoomed off and were soon out of sight".

"Presently, the plant has been shot down by Shell and staff have been evacuated".
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Nigeria Should not Be Signing Deals With China – Ben Bruce Laments

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Bruce-300x225

 Senator Ben Murray-Bruce, the Chairman, Senate Committee on Privatization, on Tuesday questioned the rationale behind Nigeria’s signing of rail deals with China, when rail tracks can be produced by the Ajaokuta Iron and Steel Company.
The Senator said this on Tuesday in Ajaokuta, Kogi State, when he led the Senate and House of Representatives Joint Committee on Privatization to Ajaokuta Iron and Steel Company.
“For 22 years they should have had a plan through the minister of national planning. The minister of national planning should be the one integrating the policies of any government in power at the particular time.”
“When you go through the detailed presentation and listen to arguments it is difficult to draw conclusions. When you don’t listen to the reasons why you are here in the first place?”
“That is why it was important for all of us to listen to the arguments and understand the reason why.
But let me say this, I am really touched by the presentation and the kind of leadership you have here.
What is really clear to me is that the management of Ajaokuta Steel plant has on board very patriotic Nigerians because you must never sell your soul for money.”
“First of all, you are a Nigerian, secondly you want to develop this beautiful country and create job opportunities for your people, and more importantly you want to create an environment where those of us in office will look back and say while I was there I did something for my people, but obviously this is not the case.”
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