Nigerian graduates with First Class in Mathematics from the University of Leeds
A Nigerian Ire Adewolu made a first class in Mathematics from the University of Leeds, UK. He worked for it. You too can do it!
Tuesday, 14 July 2015
Wizkid and Tiwa Savage renew their Ambassadorship with Pepsi
Wizkid and Tiwa Savage renew their Ambassadorship with Pepsi
Multi-talented music artists WizKid and Tiwa Savage have
been re-signed as Pepsi Brand Ambassadors. The global brand continues to
re-ignite the passion of the fans by leading the trend on signing the
top Naija stars and promises all music lovers refreshing fun and
excitement with the renewed collaboration.
Former skippo Sunday Oliseh arrives Nigeria ahead of his swearing-in as new Super Eagles coach
Former skippo Sunday Oliseh arrives Nigeria ahead of his swearing-in as new Super Eagles coach
5000 Kenyans to dress naked in protest over President Obama's visit
5000 Kenyans to dress naked in protest over President Obama's visit
Members of the Republican Liberty Party have threatened to mobilize
“approximately 5,000 totally naked men and women to protest over Obama’s
open and aggressive support for homosexuality”.
In a letter addressed to the Administration Police Commandant, the party, together with its 5,000 naked Kenyans are set to throng the streets of Nairobi on 22nd and 23rd of this month is protest of growing support for homosexuality.
Obama’s planned visit to Kenya has created a huge hype among Kenyan’s of all walks of life. However, his stand on homosexuality has sharply divided the nation with the majority of them warning against pro-gay rhetoric in a country that prides itself for being conservative regarding the topic of marriage.
Source: The Nairobi Times
In a letter addressed to the Administration Police Commandant, the party, together with its 5,000 naked Kenyans are set to throng the streets of Nairobi on 22nd and 23rd of this month is protest of growing support for homosexuality.
Obama’s planned visit to Kenya has created a huge hype among Kenyan’s of all walks of life. However, his stand on homosexuality has sharply divided the nation with the majority of them warning against pro-gay rhetoric in a country that prides itself for being conservative regarding the topic of marriage.
Source: The Nairobi Times
Former Jigawa governor, Sule Lamido and sons granted N75m bail(See photos)
Former Jigawa governor, Sule Lamido and sons granted N75m bail(See photos)
Justice Gabriel Kolawole of the Federal High Court in Abuja today
granted former Jigawa state governor, Sule Lamido and his sons, Aminu
and Mustapha N75 million bail.
Lamido and his sons are standing trial
for allegedly embezzling N1.3 billion public funds while he served as
Governor of the state.
They were remanded in Kano Prison on July 9th and were flown to
Abuja yesterday for their bail hearing today. See more photos below
How Okonjo-Iweala Illegally Took $1bn For Jonathan’s Re-election - Adams Oshiomhole
How Okonjo-Iweala Illegally Took $1bn For Jonathan’s Re-election - Adams Oshiomhole
Edo state governor, Comrade Adams Oshiomhole, made the accusation in Benin on Monday at a seminar themed “Enhancing IGR in Edo, issues, prospects and challenges,” organized by the state government for Permanent Secretaries, Directors and Deputy Directors.
The governor said the former Minister also needs to tells Nigerians how the Excess Crude Account was drawn down to $4.1 billion from the peak of $10 billion when no approval was given by the National Economic Council for any withdrawals, adding that, Okonjo-Iweala would have been declared a pathological liar if she were a witness in court due to the inconsistencies in her statements said a forensic audit would truly determine how much was illegally spent from the federation account under her watch as Minister.
Addressing the seminar participants, Oshiomhole said the state government would now hold Permanent Secretaries, Directors and Deputy Directors responsible for any fraud detected in their departments, stating that, the government has trimmed down the cost of running government.
“The truth is, many things went wrong even at the federal level. As you might have read in the papers, while the federal government, under Goodluck Jonathan, with the then Coordinating Minister of the Economy liked to blame “Governors” for wasteful spending, for not saving for the rainy day, for not investing properly, the truth is the real weakness in the Nigerian federal chain has been the Federal Government. Our hope is that with the new President, given his pedigree we will break from the past.
“You will soon begin to hear when all the numbers are published, last week, I complained aloud that Edo State lost about N10 billion over a four year period from only one source, the NLNG remittance to the federation account.
“How did I arrive at the figure? I used my 4-Figure Table and I asked myself at $2.1 billion remitted by NLNG as taxes and Shell, and by the way, Shell is not the only oil operative, we have Chevron and several others. They shared the $2.1 billion based on the revenue allocation formula, Edo State got about N2.27 billion. So I said, thank God this money came after the departure of Okonjo-Iweala and President Jonathan. If the PDP were still in charge at Abuja, this money would have been taken.
“That is not the only money Edo State Government has lost. You have heard of the last installment of $4.1 billion that was in the Excess Crude Account as of November, 2014, and from that time till today, we have not; when I say we, federal, states and local governments have not touched that money. We have not agreed to take anything out of it, and yet it has been drawn down to about $2 billion. Which means $2.1 billion disappeared. If you listened and followed the conversation, when I made this allegation after the National Economic Council meeting that the former Minister of Finance and Coordinating Minister, Dr Okonjo-Iweala took $2.1 billion without approval and spent it in a manner that was never accounted for, she replied that I lied and said that it was the Commissioners and herself who agreed to distribute that money to the three tiers of government and that FAAC is the most visible expression of our true federalism. And that we shouldn’t claim that FAAC is unknown to us. That FAAC is a creation of law and so on and so forth.
“I’m going into this, because, as public servants, you need to understand not just the finances of Edo State but also the finances of Nigeria, particularly as they affect our state.
“Now the Commissioners of Finance met and they looked at themselves and they looked at Okonjo-Iweala and they submitted to Okonjo-Iweala that ‘madam, you lied, not Oshiomhole because in truth, we have no powers to decide withdrawals from the Excess Crude Account and that the power is vested in the State Governors at the level of the National Economic Council.’ But whether vested or not, we never, ever resolved to share money from that account.
“Now the former Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, confronted with these hard facts now shifted the argument that ‘oh no it is not FAAC that approved it, it was the former President Goodluck Jonathan that approved it.
“President Jonathan as far as the law of Nigeria is concerned, or any President, his approval is limited to funds of the federal government, not funds of the federation. Funds of the federation can only be approved by governors and representative of the President as reflected in the composition of the National Economic Council, which is made is made up by governors and chaired by the Vice President, with the CBN Governor and Minister of Finance and others as members. But there’s so much confusion now that Okonjo-Iweala can say one thing in the morning and tomorrow she will say I never said so. If she were a witness in a court of law, she would be declared a pathological liar whose evidence is of no value.
“So governments have lost a lot of money and the $2.1 billion, Edo State’s share of that, because that would have included derivation we would have made about N2.6 billion. That, we have lost now to Okonjo-Iweala.
“Now that she claimed she used it, between herself and the last President, they agreed to take the money to pay oil marketers. But if you talk to those oil marketers, they will tell you that within that period, they were paid $1 billion not $2.1 billion. So in truth, about $1 billion was taken for election purposes and Edo State’s share of that should have been about N4.6 billion from that $2.1 billion that Dr Ngozi-Okonjo Iweala, the former Minister of Finance illegally took from Excess Crude account.
“For clarity, that is not the only money they have so illegally taken. If you look at the total number at a point, the excess crude account peaked at $10 billion and we now heard it dropped to $4.1 billion. This means at some point, another $6 billion was taken. So we are hopeful that by the time we carry out some forensic analysis, we will be able to show clearly how much of the funds accruing to the three tiers of government were unilaterally and illegally spent by the Federal Government under the former Minister of Finance,” the governor said.
Buhari Should Kill NNPC Before It Kill Nigeria- El-Rufai
Buhari Should Kill NNPC Before It Kill Nigeria- El-Rufai
A visibly angry el-Rufai, while speaking at the 7th Wole Soyinka Centre Media Lecture Series, lambasted the national oil firm for being run like a parallel government, adding that he was hopeful that the current administration of President Muhammadu Buhari would “kill” the corporation.
The governor called for the setting up of another national oil firm as he argued that the present NNPC would kill Nigeria if it was allowed to continue running.
“If you don’t kill the NNPC, it will kill Nigeria,” el-Rufai said.
According to him, the oil firm is riddled with corruption and until it is destroyed completely and rebuilt from the scratch, there will be no headway for Nigeria.
El-Rufai argued that with his experience as a former Director-General of the Bureau of Public Enterprise, it was possible to destroy a bad organisation and turn it into a good firm.
He maintained that Nigeria’s collective wealth was being feasted upon by the less than 1,000 employees of the corporation, alleging that the NNPC only remitted 42 per cent of what it ought to remit to the Federal Government for about three years.
The governor used statistics to defend his recommendation on why the current NNPC must be destroyed
He said in 2014, the country produced on the average about 2.2 million barrels of crude oil per day, while importing most of its daily consumption of 43.5 million litres of refined petroleum products.
He stated that the reliance on imports of refined products led to unsustainable expenses on questionable subsidy payments, exemplified by the $8.99bn spent in the 18 months between January 2012 and June 2013.
El-Rufai said, “About N971bn was budgeted for subsidy payments in 2014 alone (more than twice that was eventually paid). You all recall how trillions of naira were paid out as oil subsidy in 2011, when only N254bn was appropriated. No one has been successfully prosecuted for this scam. Huge deficits in gas supply have ensured that the country’s thermal plants cannot produce power at optimal levels.
“In the eight years leading up to 2014, joint venture production declined by 50.4 per cent. Some 100,000 barrels per day, about five per cent of total production, is estimated to be lost to organised theft. And we all dread the ease and rapidity with which supply shortages lead to endless queues, widespread panic and mortal consequences for the many victims of tanker accidents.
“The long and short of the situation of our oil industry is best exemplified by the parallel government called the NNPC. In 2012, it sold N2.77tn of ‘domestic’ crude oil but paid only N1.66tn to the Federation Account. In 2013, it earned N2.66tn but paid N1.56tn to FAAC; in 2014, (it earned) N2.64tn, but remitted N1.44tn; while between January and May 2015, it earned N733.36bn and remitted only N473.2bn.
“That means that the NNPC only remitted about 58 per cent of the monies earned between 2012 and the first half of 2015. A company with the audacity to retain 42 per cent of a country’s money has become a veritable parallel republic!”
The governor noted that the NNPC felt entitled to consume more resources than the 36 states and the Federal Capital Territory, and the Federal Government combined.
“The example just given is only with respect to domestic crude oil sale. Similar leakages exist in the NPDC, NAPIMS procurement and subsidiary budgets,” he added.
See What Kylie Jenner Reveals She'll Do Once She Turns 18
See What Kylie Jenner Reveals She'll Do Once She Turns 18
No mention of Tyga? I bet we all know he can't wait for her to clock 18."When the first thing I want to do is maybe have like a birthday party and then maybe go on a trip with just my friends,"I'm legal, so I can go on a trip legally without a chaperone, so that'll be fun, just a girl trip."
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