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Wednesday, 19 April 2017

BREAKING: President Buhari Suspends NIA Director-General, SGF- Babachir Lawal, Orders Full Investigation!

                      STATE HOUSE PRESS RELEASE

PRESIDENT BUHARI SUSPENDS SGF AND DG, NIA

President Muhammadu Buhari has ordered an investigation into the allegations of violations of law and due process made against the Secretary to the Government of the Federation (SGF), Mr David Babachir Lawal, in the award of contracts under the Presidential Initiative on the North East (PINE).

The President has also directed the suspension of the SGF from office pending the outcome of the investigations.

 

In a related development, the President has ordered a full scale investigation into the discovery of large amounts of foreign and local currencies by the Economic and Financial Crimes Commission (EFCC) in a residential apartment at Osborne Towers, Ikoyi, Lagos, over which the National Intelligence Agency (NIA) has made a claim.

 

The investigation is also to enquire into the circumstances in which the NIA came into possession of the funds, how and by whose or which authority the funds were made available to the NIA, and to establish whether or not there has been a breach of the law or security procedure in obtaining custody and use of the funds.

 

The President has also directed the suspension of the Director General of the NIA, Ambassador Ayo Oke, pending the outcome of the investigation.





A three-man Committee comprising the Hon. Attorney-General of the Federation and Minister of Justice, and the National Security Adviser, headed by the Vice President, is to conduct both investigations.

 

The Committee is to submit its report to the President within 14 days.

 

The most senior Permanent Secretary in the SGF's office, and the most senior officer in the NIA, are to act, respectively, during the period of investigation.

 

FEMI ADESINA


Special Adviser to the President
(Media and Publicity)
April 19, 2017

SIGNED

 

 

 

Tuesday, 18 April 2017

Dignifying A Woman of Steel: Esther Afua Ocloo, a pioneer for women's rights celebrated at 98th birthday by Google

A Google doodle has celebrated Ghanian microlending pioneer Esther Afua Ocloo on what would have been her 98th birthday on 18th April 2017.

Who was the celebrated entrepreneur?

 

 google-doodle.jpg

 

After starting a business selling fruit juice and marmalade as a teenager and realising the financial difficulties poor women faced, Ms Ocloo helped found and operate a bank specifically designed to help women on low incomes.

In 1975 as a succeeding businesswoman, Ms Ocloo was invited to the first UN World Conference on Women.


Later that decade, she founded and became the chairman of the board of directors of Women’s World Banking, which expanded her earlier goal of helping women obtain the small loans needed to launch businesses. The not-for-profit organisation has since helped millions of women start and run businesses, helping boost prosperity in countless communities.

 

During a trip to the UK in the 1950s, Ms Ocloo began to develop recipes for commercial food canning. She was also the first black person to gain a cooking diploma from the Good Housekeeping Institute in London.

In the same decade she returned to Africa and set up the first food processing business in Ghana.

 

 Ms Ocloo died of pneumonia in 2002 aged 82.

 

 culled from Independent UK

Thursday, 6 April 2017

This is Ifeoma, another Nigerian who gets admission into 8 Ivy League Universities in US !


She is the daughter of a Nigerian mother, Patricia, nee Eluemunor and Andre Thorpe-White. Ms Thorpe-White, a senior at Morris Hills High School in Rockaway New Jersey got accepted into Harvard, Yale, Columbia, UPenn, Brown, Cornell, Dartmouth, Princeton and Stanford.

"I was shaking, I was like, 'Oh my gosh, oh my gosh,' like this might be eight out of eight and I clicked it and it said 'Congratulations' and I was like, 'Oh my goodness...'" Ifeoma told WABC-TV.


Mrs White-Thorpe told ABC News that she was not surprised by her daughter's feat.
"She has always been a hardworking girl," White-Thorpe said. "Last month, she was one of the 2017 Coca-Cola Scholars and that is one of 86,000 students in the United States. They choose 150 students and she was one of them.
"As a little girl, she was a great writer," she added. "I remember when she was in kindergarten. She spoke on behalf on behalf of the kindergarten class and it blew our minds away."
Principal Todd Toriello told ABC News that Ifeoma has been a student leader throughout her four years at Morris Hills High.
"She understands the importance of giving back to her school service and currently serves the student body as the student government association president," Toriello said. "As a senior, she's challenged herself in rigorous course work. ... In my relationship with her, she has always been a respectful individual and we are just so proud of her and her accomplishments.
"Whatever school she decides to go to, she will continue on doing great things and will leave her mark on this world and make it a better place," he added.

Ifeoma has joined the leagues of other Nigerians flying Nigerian flag higher in the United States.
Last year, Augusta Uwamanzu-Nna, a student of Elmont Memorial High School was also accepted to all eight Ivy League schools. In 2015, a salutatorian Harold Ekeh from the same school got admission to the big eight.
According to her mother, Ifeoma will be studying biology and hopes to become a cardiologist.


BREAKING: Court unfreezes Patience Jonathan's $5.9m account

It has been reported that a Federal High Court in Lagos on Thursday has unfrozen former first lady Patience Jonathan's account containing $5.9m.
 Sahara Reporters gathered that anti-corruption war suffers another judicial blow as the media outfit tweeted that " court Defreezes Patience Jonathan's @SkyeBank acct # 2110001712 with $5.9million."
It was further gathered
that the court premises was earlier on again beseiged by supporters of the wife of former President Goodluck Jonathan. 


Pictures from the court premises showed large number of women waiting for the judgment that eventually returned Patience's millions of dollars back to her. 

Details later

Thursday, 30 March 2017

DSS SEEKS BETTER COOPERATION WITH NIGERIAN BLOGGERS


  

WE ARE ALL STAKEHOLDERS IN NIGERIA, DSS TELLS NIGERIAN BLOGGERS

 The Directorate of State Security (DSS) has urged media practitioners, especially bloggers to see themselves as stakeholders in the Nigerian project. This was made known on Wednesday by the Lagos State Director of the Agency when a delegation of Guild of Professional Bloggers of Nigeria, (GPBN) led by its President, Mr. Chris Kehinde Nwandu paid a courtesy visit to the State Headquarters of the Security Agency in Lagos. 

Represented by her Deputy, Mr Ahmed, the DSS asked the media to act as partners with Security Agencies in the country to rid Nigeria of criminals and undesirable elements as it is the norm in advanced countries.

The Directorate of State Securirity (DSS) promised that its doors are always wide open to all Nigerians at any given time to volunteer information that will lead to the prevention of crime in whatever form.

 
 The Agency which frowned at the level of crime being perpetrated by some unpatriotic Nigerians stated that rate of crime in Nigeria compared to what is obtainable in other advanced countries is not as high as being magnified by the media. HThe security chief enjoined media practitioners to see themselves first and foremost as patriots, this according to him should reflect on its news delivery especially when reporting sensitive issues bordering on National interest. 
He commended the idea behind the formation of Guild of Professional Bloggers of Nigeria; urging bloggers to always verify all information being published in order to avoid unnecessary litigations. On its part, the Guild of Professional Bloggers of Nigeria urged the Agency to open a more robust means of communication for Nigerians to report issues relating to crime without unnecessarily endangering their lives when such privileged information gets into the hands of same people being accused. The Guild urged the Agency to build more confidence and trust in Nigerians so that they will be willing to volunteer  information without endangering the lives of people.

The GPBN according to its President, Chris Kehinde Nwandu was formed in order to streamline the practice of blogging and online media practices.

 Its aims and objectives are to bring some level of Professionalism into the Profession bearing in mind inherent ethical behaviours. The association pledged to support the efforts of the DSS and other relevant Security Agencies towards achieving their core mandates and desired results. It also seeks the support of the Security Agency in the area of unhindered access to information on the activities of the Agency as the law establishing the Agency permits. 


Source: GPBN news bulletin

Wednesday, 22 March 2017

#WeAreNotAfraid in London: 5 dead as terror-linked attacker knifed the heart of capital!

The hashtag #WeAreNotAfraid took off on social media with people posting messages of strength in unity. Eyewitnesses say a man armed with a knife attempted to force his way past a security check-point at the front of Parliament.He then reportedly attack a police officer before he was shot by armed police. The terror attack in the heart of capital prompted a huge response from the emergency services.
The car reportedly mowed into several people on Westminster Bridge.


At least five persons have been confirmed dead after a terror attack outside the Houses of Parliament by a knife-wielding man who was taken by police . 

Eyewitnesses described a car deliberately mounting the pavement on Westminster Bridge before hitting numerous pedestrians.Horrific pictures show a woman trapped under a red doubledecker bus and multiple people lying injured on the floor being comforted by friends and passersby.Theresa May was dramatically bundled from the House of Commons by police and Parliament is still in lockdown.Authorities are piecing together the history of the Westminster terrorist who killed five people including a policeman on a broad daylight of Wednesday. The attacker, before being shot, left a trail of 40 injured when he ploughed a Hyundai 4x4 into pedestrians on Westminster Bridge, then ran at parliament with a knife. The attacker was shot dead by police, but not before fatally stabbing an officer on security detail. Police say they know his identity and suspect he was motived by international terrorism.There was an overnight police raid in Birmingham – police are not yet saying if it is connected. There is a lot more to take in as Britain comes to grips with the arrival on its own soil of a mode of terrorist attack previously seen in Nice and Berlin.Theresa May emerged from a meeting of the government’s Cobra emergency committee to speak outside 10 Downing Street on later on Wednesday evening. Her voice wavered at times as she condemned the “sick and depraved attack” and praised the bravery of those who responded. The London mayor, Sadiq Khan, said defeating London’s spirit was a hopeless cause for the terrorists.World leaders, as always, responded with messages of condolence and solidarity. The hashtag #WeAreNotAfraid took off on social media with people posting messages of strength in unity.Eyewitnesses say a man armed with a knife attempted to force his way past a security check-point at the front of Parliament.He then reportedly attack a police officer before he was shot by armed police.Watching the incident unfold from the press gallery inside the Houses of Parliament, George Eaton the political editor of the New Statesman told Sky News: "I saw a large crowd fleeing the attacker who appeared to be carrying a knife, fleeing him from close to the Tube station."He then entered the gates of Parliament and charged at officers. We now know that one of them was sadly stabbed. He was then very swiftly shot by armed police."
The terror attack prompted a huge response from the emergency services.
The car reportedly mowed into several people on Westminster Bridge (Photo: REUTERS)Friends and family seen helping to console those left injured (Photo: Reuters)Chaotic scenes outside the Houses of ParliamentDaily Mail political editor Jason Groves witnessed the incident from his office window.He said: "I heard a bang coming from Westminster Tube station, looked out the window, there's a commotion, armed cops were running, the crowd of people outside were running as if for their lives."A guy comes through the vehicle entrance wielding something, towards a copper, the copper tumbles.



The attacker reportedly drove his car along Westminster Bridge, pictured, before attempting to enter Parliament(Photo: FameFlynet)"The man's running towards Westminster Hall, and then you've got a plain clothes copper comes running out."Not from the gate, but from the inside, shoots him once from maybe 10 or 15 yards away with a handgun, and then gets closer to him and shoots him again from over him and he doesn't get up."Prime Minister Theresa May was inside the Houses of Parliament as the incident unfolded.

Conservative MP Andrew Bridgen told Sky News of the moment she was whisked away by her security team."He then entered the gates of Parliament and charged at officers. We now know that one of them was sadly stabbed. He was then very swiftly shot by armed police."The terror attack prompted a huge response from the emergency services.The car reportedly mowed into several people on Westminster Bridge(Photo: REUTERS)Friends and family seen helping to console those left injured (Photo: Reuters)Chaotic scenes outside the Houses of ParliamentDaily Mail political editor Jason Groves witnessed the incident from his office window.He said: "I heard a bang coming from Westminster Tube station, looked out the window, there's a commotion, armed cops were running, the crowd of people outside were running as if for their lives."A guy comes through the vehicle entrance wielding something, towards a copper, the copper tumbles.


The attacker reportedly drove his car along Westminster Bridge, pictured, before attempting to enter Parliament(Photo: FameFlynet)"The man's running towards Westminster Hall, and then you've got a plain clothes copper comes running out."Not from the gate, but from the inside, shoots him once from maybe 10 or 15 yards away with a handgun, and then gets closer to him and shoots him again from over him and he doesn't get up."Prime Minister Theresa May was inside the Houses of Parliament as the incident unfolded.


Tuesday, 14 March 2017

Ooni of Ife received by British royalty in London to promote cultural and intellectual values

The king of Yoruba ancestral home of Ile Ife has been specially distinguished to lay a wreath as part of activities commemorating Commonwealth Day 2017 in Buckingham Palace, London on Tuesday.

Ooni of Ife, Oba Enitan Ogunwusi arrived the United Kingdom on Sunday, March 12th on a-2 weeks visit to interact and promote intellectual and cultural richness of Nigerian descents among the British people.

Upon arrival the monarch and his entourage, were thrown a warm  welcome right from the airport. Subsequently a royal courtesy welcome took place in London where Ooni of Ife with wife, was received by the British royalty, Prince Charles and wife, Princess Camilla.

.

Princess Camilla Duchess of Cornwall having a chat with Queen Wuraola

Prince Charles is the eldest child of the Queen Elizabeth and the heir apparent to the throne. During his visit to the UK, the Ooni will attend the Commonwealth Day celebration, and then visit the Nigerian High Commission, London

Ooni of Ife meets with Prince Charles of England

His Imperial Majesty, the monarch of Ile-Ife, Osun state, Ooni Adeyeye Ogunwusi and his wife, Queen Wuraola met with the British Royalty, Prince Charles and wife, Princess Camilla

 The king of Yoruba ancestral home of Ile Ife has been distinguished to lay a wreath as part of activities commemorating Commonwealth Day 2017 in Buckingham Palace, London on Tuesday.

NUJ Europe  gathered that the king will deliver a lecture at Oxford University, among many other engagements.

Mr Babatunde Loye the Chairman of Central Association of Nigerians in United Kingdom (CANUK)  disclosed that a Corporate Dinner and Awards Night is being organised to take place on Saturday 18th March at JW Marriot Hotel, 86-90 Park Lane London W1K 7TN with  Oba Adeyeye Ogunwusi hosting Nigerians in UK.

 

“We are very pleased to have the Ooni of Ife as our special guest and host for this very important gathering of influencers in the corporate world and reputable foreign investors,” Loye said.


“The occasion will provide opportunities for profound deliberations and exchange of links on business and investment. And it is also a platform to honour and appreciate those who are impacting our world in several positive ways.”

.


Ooni to host Nigerians in UK to dinner
Babatunde Loye (right) with Ooni and other Yoruba monarchs

He will round up his trip with An Evening with His Imperial Majesty, a royal dinner gala night organised by the Ooni of Ife Global Outreach on Friday, March 24, 2017, at Arora Ballroom, Intercontinental Hotel, London, with cultural performances and special guests in attendance.

There will also be a royal Gala night with the king at the same venue, Arora Ballroom, Intercontinental Hotel, London

Read Also: Ooni in USA

By Lashley Oladigbolu, London

Sunday, 12 March 2017

SHOOTING STARS FORCE A 1-1 DRAW IN GOMBE AFTER YEARS!

By Jubril Arowolo,


  Substitute Nonso Mbakwe ensured that Shooting Stars did not leave Pantami Stadium empty-ended by scoring  a late minute equalizer against Gombe United on Sunday evening!
  It was a week 13 game of the NPFL and all was going the way of the home team before Nonso connected a 92'  free kick by Captain Seun Akinyemi from the right and found the left angle of goalkeeper Fabiyi to silence the vociferous crowd.
 Midway into the first half in-form midfielder, Samuel Agba has put Gombe United ahead in the 30th after converting a spot kick when defender Samuel Olabisi handled the ball in the box.
  Before then, the homers had failed to put their chances away towards the tail end of the game with goalkeeper Adamu Abubakar and his defence line mostly busied!
 However, succour came in the added time with a foul on another substitute, Fawaz Otun and captain Seun Akinyemi had played it to lurking Nonso Mbakwe whose low connect caught goal keeper Emmanuel Fabiyi on the wrong side!
By this result, Shooting Stars   got another draw to make five draws in the last five games since week nine in Katsina!
Also, it ended their futile trips to Gombe in the last 21 years after the team's last drawn game in 1996 with Duke Udi's late equalizer!

Wednesday, 1 March 2017

London Friendlies: Rohr names Super Eagles squad to battle Senegal, Burkina Faso

Image result for rohr super eagles
Image result for rohr super eagles

Technical Adviser of the Super Eagles, Gernot Rohr has released his squad list for the two friendly games in London later in March.

The Super Eagles of Nigeria will face Senegal and Burkina Faso in friendly games on Thursday, March 23 and Monday, March 27 respectively.

The Super Eagles of Nigeria will face Senegal and Burkina Faso in friendly games on Thursday, March 23 and Monday, March 27 respectively.
Both matches will be played at The Hive, home ground of Barnet Football Club.


10
The Hive Stadium, home of Barnet FC

These games have been arranged the prepare the Super Eagles for their 2019 Africa Cup of Nations and 2018 FIFA World Cup qualifiers. 

                               Squad list
Goalkeepers
Carl Ikeme (Wolverhampton Wanderers, England); Daniel Akpeyi (Chippa United, South Africa); Ikechukwu Ezenwa (FC IfeanyiUbah)
Defenders
Leon Balogun (FSV Mainz 05, Germany); William Paul Ekong (KAA Gent, Belgium); Kenneth Omeruo (Alanyaspor FC, Turkey); Uche Henry Agbo (Granada FC, Spain); Abdullahi Shehu (Anorthosis Famagusta, Cyprus); Musa Muhammed (FC Zeljeznicar, Bosnia-Herzegovina); Tyronne Ebuehi (ADO Den Haag, The Netherlands); Elderson Echiejile (Sporting Gijon, Spain); Kingsley Madu (Zulte Waregem, Belgium); Chidozie Awaziem (FC Porto, Portugal)
Midfielders
Ogenyi Onazi (Trabzonspor FC, Turkey); Wilfred Ndidi (Leicester City, England); Oghenekaro Etebo (CD Feirense, Portugal); John Ogu (Hapoel Be’er Sheva, Israel)
Forwards
Ahmed Musa (Leicester City, England); Kelechi Iheanacho (Manchester City, England); Moses Simon (KAA Gent, Belgium); Victor Moses (Chelsea FC, England); Alex Iwobi (Arsenal FC, England); Isaac Success (Watford FC, England); Noah Joel Bazee (Hannover 96, Germany); Victor Osimhen (Wolfsburg FC, Germany.

CLICK HERE TO BUY YOUR TICKETS NOW, NIGERIA vs SENEGAL ALSO AVAILABLE AT BarnetFC Box

Super Eagles players  

Technical Adviser of the Super Eagles, Gernot Rohr has released his squad list for the two friendly games to take place in London later in March.

CLICK HERE TO BUY YOUR TICKETS NOW, NIGERIA vs BURKINA FASO ALSO AVAILABLE AT BarnetFC Box

Victor Osimhen  2015 FIFA U-17 star, Victor Osimhen has also been called up by Rohr (Instagram/Victor Osimhen) 



  



For the games, Rohr named the usual suspects in his teams while Noah Joel Bazee and Holland –based defender Tyronne Ebuehi are called up for the first time.
Noah Joel Sarenren Bazee  German born Nigerian striker Noah Joel Bazee has been given his first call up (Stuart Franklin/Bongarts/Getty Images)

Youngster Victor Osimhen, record top scorer at the FIFA U17 World Cup have also been called up.

The Super Eagles will face South Africa in June for their first game of the 2019 AFCON qualifiers group stage. They stand to face African champions Cameroon in a double header for the 2018 FIFA WORLD Cup qualifiers group stage slated for  August and September.
                                                            

Tuesday, 28 February 2017

Nigerian Amina Muhammed becomes 5th Deputy Secretary-General of United Nations


Shettima, Amosun in UN headquarters as Amina Mohammed takes oath of office

By Lawal Mustafa AbdulRaheem



Ms. Amina J. Mohammed

Nigerian Minister of Environment, Ms.Amina J. Muhhammed has been sworn-in Tuesday to become the 5th Deputy Secretary General of United Nations. The swearing-in ceremony held in New York was witnessed by many chiefs of UN who assembled to give accolade to the second female to occupy the post since the year 1997 deputy position was formalised by UN General Assembly.

NUJ Europe reports that Ibikunle Amosun, governor of Ogun state and his Borno state counterpart Shettima Mustafa were among the Nigerian politicians who witnessed the swearing in of Amina Mohammed as Deputy Secretary-General of the United Nations at headquarters in New York.


Antonio Guterres, Secretary-General of the UN, administered the oath on Mohammed.


Born in 1961, and educated in Nigeria and the UK, Ms. Mohammed is married with six children. She was the Minister of Environment of the Federal Republic of Nigeria from November 2015 to December 2016, where she steered the country’s efforts on climate action, protecting the natural environment and conserving resources for sustainable development.

One of the notable projects that the ministry of environment embarked upon under her watch was the flagging off of the cleanup of Ogoni land.

Prior to this, she served as Special Adviser to Secretary-General Ban Ki-moon on Post-2015 Development Planning, where she was instrumental in bringing about the 2030 Agenda for Sustainable Development, including the Sustainable Development Goals.


She provided advice on issues including poverty, public sector reform and sustainable development, and coordinating poverty reduction interventions.


An adjunct professor of Development Practice at Columbia University, Mohammed has served on numerous international advisory boards and panels including the UN Secretary-General's High-level Panel on Post-2015 Development Agenda, the Independent Expert Advisory Group on the Data Revolution for Sustainable Development, the Global Development Program of the Bill and Melinda Gates Foundation, the African Women’s Millennium Initiative, Girl Effect, 2016 African Union Reform and the ActionAid International Right to Education Project.


Speaking in Abuja during a valedictory service organised in her honour last week, Mohammed said the development of Nigeria and Africa, will be her priority at UN.






Before joining the UN, Ms. Mohammed worked for three successive administrations in Nigeria, serving as Special Advisor on the Millennium Development Goals, providing advice on issues including poverty, public sector reform and sustainable development, and coordinating programmes worth $1 billion annually for MDG-related interventions.


The new post of Deputy Secretary-General was established by the General Assembly at the end of 1997 as part of the reform of the United Nations, to help manage Secretariat operations and to ensure coherence of activities and programmes. The purpose was also to elevate the Organization's profile and leadership in the economic and social spheres.

Ms. Mohammed began her 35-year career in the private sector with architects and engineers responsible for the project management of health, education and public sector buildings.


RE: CBN's Reintroduction of Charges on Cash Deposits - A Sad Commentary on CBN's Insensitivity to the Plight of Nigerian Consumers.

Press Release

Re: CBN's Reintroduction of Charges on Cash Deposits - A Sad Commentary on CBN's Insensitivity to the Plight of Nigerian Consumers.

1. Last week, the CBN released a directive to Deposit Money Banks (DMBs) to commence punitive charges on cash transactions as it rolls out its cashless policy nationwide starting March 1, 2017. Under this rehashed policy,individual transactions over N500k and corporate transactions in excess of N3m will attract varying percentages of penalties between 1-5%. CBN's explanation for this unpopular policy, touts this as its strategy to force consumers to go cashless.
2. While we applaud the CBN's efforts at encouraging a cashless economy, we are gravely concerned about the impact assessment of its implementation strategy, especially in a biting recession as consumers are currently experiencing. Any penalty charges levied on deposits or withdrawals especially within this period, is an extra burden on already overcharged and heavily exploited bank customers.
3. It is pertinent to note that an effective cashless economy requires seamless, real time, 24/7 functioning infrastructure which is currently not the case in Nigeria's experience. Consumers grapple with bank system shutdowns, non dispensing ATMs, frequent network failures, inadequate equipment deployment, significant e-frauds and poor customer service across the sector. Little wonder why some consumers still prefer cash transactions.
4. An effective cashless economy requires over 90% of the cash in the economy to circulate within the formal sector.  According to the National Bureau of Statistics in its 2015 GDP report, the informal sector of the Nigerian economy was about 41.1% which was about N38.7 trillion three years ago! CBN policies should thus be geared towards improving access and promoting inclusion; both of which the new directive negates.
5. There are many positive ways for CBN to achieve market compliance with its cashless policy that will add value to consumers, excite the market and generate willful and eager compliance. It is thus curious that CBN prefers to employ punitive measures that further alienates the market, impoverishes consumers and generates resistance to an otherwise beneficial policy
6. If CBN's genuine motive is truly to force compliance, the apex bank should explore incentives and not disincentives. Instead of penalizing cash transactions, why not introduce the same up to 5% interest to accounts that achieve minimum of 80% cashless transactions monthly? This will not only encourage existing customers to go cashless, it will attract a great percentage of cash circulating in the informal sector into the banking system thus improving statistics on access as well as deepening inclusion. Such an incentive will also improve liquidity and encourage savings, thus reducing cost of funds so banks can provide traditional banking services like loans to oil the economy.
Mrs Sola Salako, President, Consumer Advocacy Foundation of Nigeria (CAFON) Convener, #NoBankingDay
7. Excessive bank charges is one of the major reasons why many Nigerians still prefer to operate outside the formal sector. Punitive measures like these charges on cash transactions, rather than attract the over 40% cash in the informal sector into the banking system, has the potential of not only keeping them out, but also preventing new cash from coming into system. Why should any customer who runs a cash business be motivated to bring such to the bank when he will be penalized for cash lodgments?
8. The only beneficiaries of this punitive strategy are the deposit money banks and CBN itself as the circular indicated that both parties would be sharing the proceeds of this controversial penalty on a 60:40 ratio. This brings to question the real motive for the punitive charges; is it truly to force compliance or merely a cover up for CBN's collusion to aid deposit money banks in increasing their profits without offering commensurate traditional banking services?
9. CBN is aware of the deposit money banks' habitual tendencies of excessive and sometimes illegal charges on customer accounts. The apex bank's Consumer Protection Department (CPD) reportedly ordered DMBs to refund over N6 billion to aggrieved consumers in 2015 alone! In spite of the CPD's efforts, consumers are still daily exploited and overcharged for all kinds of spurious reasons which the apex bank is yet to effectively curb. Approving additional charges for cash movement is therefore tantamount to aiding deposit money banks to continue exploiting their customers for profit instead of providing banking services to support them like their counterparts do globally.
10. The fact that this policy was the outcome of the Bankers Committee's uncomfortable alliance with CBN increases the suspicion about the true motive of these punitive charges. It is mind boggling that CBN as the Regulator of deposit money banks, would take regulatory and policy decisions in conjunction with the regulated institutions! There is no greater proof of conflict of interest than this.
11. How would CBN expect DMBs to consent to any policy except that which will be in their pecuniary interests? Why would CBN share its regulatory functions with an anti- competitive body like the Bankers Committee, made up of the CEOs of all regulated institutions? At best, the Bankers Committee is no more than a trade association yet, CBN as apex regulator in that sector, chairs the 'trade association' and shares proceeds of regulatory policies with them! Wherein then, lies the primary responsibility of CBN which is to  act as government's bank, protect the interest of the citizens and regulate conduct in the financial sector?
12. How do you effectively and impartially regulate institutions you share profit with?
13. It is very ironic that the new CBN directive is scheduled to commence on March 1, 2017, exactly one year after consumers observed #NoBankingDay in protest of excessive and illegal banking charges. This is a sad commentary on CBN's insensitivity to the plight of millions of consumers who are victims of exploitation in the banking industry under its watch. Instead of assuming its expected role as  "Moses", the deliverer from unexplainable charges, CBN has rather assumed the role of the proverbial "Pharaoh" in the book of Exodus who added to the burden of Israelites.
14. It should be noted that the #NoBankingDay Protest 2017 was shelved this year in consideration of the harsh economic environment in order to avoid causing more damage to the economy. However, while Nigerian consumers have shown great sensitivity to government's effort to revive the economy, CBN has not shown commensurate concern to the plight of the Nigerian consumer.
15. Since it appears that consumers can no longer look to CBN to protect them from exploitation by DMBs, it may encourage more organized consumer resistance activisms until both CBN and DMBs recognize that even in the financial sector, the Customer must be King.
16. We therefore call on CBN to revisit this directive and adopt more consumer sensitive options in achieving its goals of stabilizing the Nigerian economy.

Signed:

Sola Salako
President
Consumer Advocacy Foundation of Nigeria (CAFON)
Convener, #NoBankingDay
28th February 2017

Monday, 27 February 2017

LIVE - OSCAR BLUNDER: See Picture going so wrong! La La lands over Moonlight error

 
Having been announced the winner of the best film at the 2017 Oscars on Sunday night and right in front of 10 million viewers glued to TV,  La La La was turned down just about to receive the gong which was eventually  handed over to Moonlight after a mistake was noticed in what was the most dramatic moment in the history of the AcademMoonlig
 It was an extraordinary scenes, the La La Land team were halfway through their victory speeches, when it was noticed that the wrong film name had been read out by Warren Beatty and that Moonlight was actually the winner. WATCH THIS AGAIN: 

"There's a mistake. Moonlight, you won best picture," Fred Berger, the La La Land producer announced to the gasps of a shocked crowd. He held up the card clearly showing the winner was Moonlight.
The stars and crew of La La Land shuffled off the stage and handed their gold statuettes to a jubilant Moonlight team.
Beatty said he had been given the wrong envelope to open. "I opened the envelope and it said Emma Stone, La La Land," he said, adding he had not done it "to try to be funny".









The La La Land team on stage before they were stripped of their award
The La La Land team on stage before they were stripped of their award Credit: Reuter
Emma Stone said backstage: "I was holding my best actress card the whole time so whatever story you heard, I don't know what happened, but I wanted to tell you that."
Casey Affleck won best actor for Manchester By The Sea while Stone won best actress and Damien Chazelle best director both for La La Land.

Viola Davis and Mahershala Ali won supporting Oscars for Fences and Moonlight respectively.
 Below are some mouth-watering pictures of attendees:

























Just As the after-parties begin: Elton John, Lily Collins and Samuel L Jackson arrive

Still reeling from what's already being called the biggest mistake in Oscars history, the glitterati are off to their after-parties. Here's some photos from the arrivals so far:








David Furnish and Elton John at the Vanity Fair Oscar Party 
David Furnish and Elton John at the Vanity Fair Oscar Party Credit: Matt Baron/BEI/ShutterstockLily Collins arrives at the Vanity Fair after-party  Lily Collins arives at the Vanity Fair after-party













Samuel L Jackson takes a selfie with Jaden Piner, Alex R. Hibbert and guests during the 89th Annual Academy Awards Governors Ball 
Samuel L Jackson takes a selfie with Jaden Piner, Alex R. Hibbert and guests during the 89th Annual Academy Awards Governors Ball.












Viola Davis delivers moving speech after winning best supporting actress

FULL LIST OF OSCAR 2017 WINNERS

 

Best supporting actor

WINNER: Mahershala Ali (Moonlight)
Jeff Bridges (Hell or High Water)
Lucas Hedges (Manchester by the Sea)
Dev Patel (Lion)
Michael Shannon (Nocturnal Animals)

Best makeup and hairstyling

A Man Called Ove
Star Trek Beyond
WINNER: Suicide Squa

Best costume design

Allied

WINNER: Fantastic Beasts and Where to Find Them
Florence Foster Jenkins
Jackie
La La Land

Best documentary

Fire at Sea
I Am Not Your Negro
Life, Animated
WINNER: OJ: Made in America
13th

Best sound editing

WINNER: Arrival
Deepwater Horizon
Hacksaw Ridge
La La Land
Sully

Best sound mixing

Arrival
WINNER: Hacksaw Ridge
La La Land
Rogue One: A Star Wars Story
13 Hours








  Kevin O’Connell wins at the 21st attempt for sound mixing for Hacksaw Ridge. 

Best supporting actress

WINNER: Viola Davis (Fences)
Naomie Harris (Moonlight)
Nicole Kidman (Lion)
Octavia Spencer (Hidden Figures)
Michelle Williams (Manchester by the Sea)

Best foreign language film

Land of Mine
A Man Called Ove
WINNER: The Salesman
Tanna
Toni Erdmann

Best animated short

Blind Vaysha
Borrowed Time
Pear Cider and Cigarettes
Pearl
WINNER: Piper

Best animated feature

Kubo and the Two Strings
Moana
My Life As a Zucchini
The Red Turtle
WINNER: Zootopia

Best production design

Arrival
Fantastic Beasts and Where to Find Them
Hail, Caesar!
WINNER: La La Land
Passengers

Best visual effects

Deepwater Horizon
Doctor Strange
WINNER: The Jungle Book
Kubo and the Two Strings
Rogue One: A Star Wars Story

Best film editing

Arrival
WINNER: Hacksaw Ridge
Hell or High Water
La La Land
Moonlight








Mahershala Ali becomes the first Muslim actor to win an Oscar

Best documentary short

4.1 Miles
Extremis
Joe’s Violin
Watani: My Homeland
WINNER: The White Helmets

Best live-action short

Ennemis Interieurs
La Femme et le TGV
Silent Nights
WINNER: Sing
Timecode

Best cinematography


WINNER: La La Land
Lion
Moonlight
Silence

Best score

Jackie
WINNER: La La Land
Lion
Moonlight
Passengers

Best song

Audition (La La Land)
Can’t Stop the Feeling! (Trolls)
WINNER: City of Stars (La La Land)
The Empty Chair (Jim: The James Foley Story)
How Far I’ll Go (Moana)









Best original screenplay

Hell or High Water
La La Land
The Lobster
WINNER: Manchester by the Sea
20th Century Women

Best adapted screenplay

Arrival
Fences
Hidden Figures
Lion
WINNER: Moonlight

Best director

Denis Villeneuve (Arrival)
Mel Gibson (Hacksaw Ridge)
WINNER: Damien Chazelle (La La Land)
Kenneth Lonergan (Manchester by the Sea)
Barry Jenkins (Moonlight)

Best actor

WINNER: Casey Affleck (Manchester by the Sea)
Andrew Garfield (Hacksaw Ridge)
Ryan Gosling (La La Land)
Viggo Mortensen (Captain Fantastic)
Denzel Washington (Fences)

Best actress

Isabelle Huppert (Elle)
Ruth Negga (Loving)
WINNER: Emma Stone (La La Land)
Natalie Portman (Jackie)
Meryl Streep (Florence Foster Jenkins)








La La Land mistakenly named best picture

Best picture

Arrival
Fences
Hacksaw Ridge
Hell or High Water
Hidden Figures
WINNER: La La Land
Lion
Manchester by the Sea
WINNER: Moonlight



The La La Land team on stage before they were stripped of their award.
Credit: Reuters


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