Tuesday 19 April 2016

Xenophobia in Zambia: Foreign owned Shops under attack

Xenophobia in Zambia: Foreign owned Shops under attack

 
 
Looting of shops has continued in Zambia's capital, Lusaka, as Xenophobic attack spreads in the city. Rwandan-owned shops have been targeted after accusations that Rwandans living in Zambia were responsible for a spate of murders. Sixty shops have been looted, and the police have arrested more than 250 people. See more photos…

 
 
 
 
 
 


EFCC agent disowns own document he submitted against Saraki

EFCC agent disowns own document he submitted against Saraki

 
 
A detective of the Economic and Financial Crimes Commission (EFCC), Michael Wetkas, on Tuesday April 19, 2016, denied knowledge of the contents of a petition he tendered as evidence against Senate President Bukola Saraki at the Code of Conduct Tribunal (CCT).

The petition, which is marked “Exhibit 11″, was written by a group known as Kwara Freedom Network, alleging corruption against Saraki. While being cross-examined by Kanu Agabi, Saraki’s lead counsel, Wetkas said he was not involved in the investigation of the petition he tendered as evidence at the tribunal.

Regarding whether he confirmed that local government funds were being illegally deducted as alleged in the petition against Saraki, he said:
“Not part of the investigation I carried out.”
“Do you know whether the petition was addressed to the Code of Conduct Bureau (CCB),” Agabi asked.
“I don’t work for the CCB. I wouldn’t know.”
Agabi: “In terms illegal transfer of funds by the accountant general, was he invited?”
Wetkas: “I cannot say because I was not the one in charge of this.”
Agabi: “Did you know if this exhibit was referred to him for an answer?
Wetkas: “I wouldn’t know, but he was once invited.”
Agabi: “Did you meet with the members of Kwara Freedom Network?”
Wetkas: “It was not part of my investigation.”
Agabi: “In the course of your work, did you come upon any document in which members of this network were called upon to justify their petition.”
Wetkas: “I was involved in this investigation in 2014; the petition was in 2012.”
Agabi: “Have you read the petition?”
“I only perused through it.”
Agabi: “When you tendered this document, did it occur to you that you will be questioned?”
Wetkas: “This is not the aspect I investigated. Someone more competent than me will talk about it.”
Agabi: “Did your perusal show that the asset declaration of the defendant was the issue.”
Wetkas: “I can’t remember seeing that.”
When asked if he obtained the statements of the petitioners, the EFCC detective said he did not know.
Agabi: “Did you obtain any statement from the defendant on this petition?”
Wetkas: “It was not part of my investigation. I didn’t investigate this aspect of the petition. There are people who are more competent to talk about it.”
Agabi: “Exhibit 11 (the petition) is not addressed to the CCB. No action was taken for four years after exhibit 11 was received?”
Wetkas: “I cannot say that. I didn’t investigate exhibit 11.”
The trial has been adjourned till Wednesday 20th of April 2016

Lionel Messi is worth €141m, while Cristiano Ronaldo is €101m - UPV

Lionel Messi is worth €141m, while Cristiano Ronaldo is €101m - UPV

 
 
According to a new report credited to the Polytechnic University of Valencia (UPV),football star Lionel Messi has a higher net value than Cristiano Ronaldo. The Argentine is valued at €141m millon while Cristiano Ronaldo is valued at  €101million.

The final figures according to the University report were determined by an Analytic Hierarchy Process multicriteria method which acknowledges variables such as number of goals, assists per game, bookings, leadership and marketing generated by the Argentine and Portuguese players.

The study is in collaboration with Massachusetts Institute of Technology and Harvard University.

This isn't the University's final report as the report also said that Messi and Ronaldo's valuation will once again be analysed by the 'Mooc' course, which will begin on April 25.
Cristiano Ronaldo last year made a $40 million investment into four 'CR7' boutique hotels and also has his own game, perfume line, clothing line, underwear line and has mansions in Manchester, Madrid, Portugal, New York (Trump Towers) and Morroco, plus endorsement deals with Sacoor Brothers, Nike, Emporio Armani, KFC, Coca Cola and  motor oil company Castrol.

While Lionel Messi apart from companies allegedly owned by him in tax havens and endorsement deals with Samsung and Adidas, nothing is known of his financial ventures.

Source: Marca