Forex Intervention: CBN Releases $370mn

Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) on Tuesday, February 21, 2017, carried out wholesale interventions in the interbank FOREX market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and inviable requests of customers.

A source at the CBN disclosed that the qualified bids for the United States dollars ranged from N315 to N360, adding that seven banks received full allotments of their respective bids valued at $37,500,000 each. Other banks received allotments ranging from $46, 512.50 to $15,578,081.51.

Confirming the information, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, said the Bank’s intermediation in the Forex market was the first wholesale intervention aimed at easing the pressure of access to forex by Nigerians who intend to meet obligations that fall under visible and invisible needs categories.

He further explained that the CBN offered $500,000,000.00 for sale to the banks, but not all of them provided enough naira backing to pay fully for their respective bid amounts.
While expressing optimism that the wholesale intervention of the CBN would substantially ease the foreign exchange pressure on visible and invisible needs of customers, Okorafor assured that the Bank would continue to make interventions based on qualified bids from the banks on the requests of their customers.

He reiterated that the Bank was more than ever ready to support the inter-bank market by ensuring liquidity and transparency to guarantee efficiency in the Forex market.

Okorafor therefore urged all market participants to contribute their patriotic quota and assist in ensuring that the new measures put in place by the CBN guarantee the steadiness of the financial market as well as the growth and development of the economy to the benefit of all Nigerians.

It will be recalled that the CBN, after a meeting with Deposit Money Banks (DMBs) last Friday, issued new policy actions on FOREX aimed at easing access to foreign exchange for Personal and Business Travel as well as educational and medical fees, among others.

As part of its new policy action, the CBN also directed all banks in the country to open forex retail outlets at major airports as soon as logistics permit them to do such.

Meanwhile, a breakdown of the forwards indicates that $216,465,671.02 was for 30 days, while $154,345,139.77 is for 60 days. The CBN also on Tuesday, February 21, 2017, made spot sales of $1.5 million to four banks, totaling $6 million. The Bank also offered $41 million for sales out of which $35 million was taken up for the payment of school fees, medical bills and personal and business travel allowances.

El-Rufai Reshuffles Cabinet, Appoints New Perm. Secs

Kaduna State Governor Nasir El-Rufai has effected a cabinet reshuffle. The comprehensive rejig of senior personnel includes the swapping of commissioners, the nomination of new commissioners, the appointment of new permanent secretaries and some retirements.
Announcing the decision during a meeting of the state executive council, the governor thanked all members of the team for the successes the government has recorded so far.
The commissioners swapping portfolios are as follows:
• Amina Dyeris-Sijuwade moves from the Ministry of Justice to the Ministry of Environment and Natural Resources
• Dr. Maigari Daniel Manzo moves from the Ministry of Agriculture and Forestry to the Ministry of Commerce, Industry and Tourism
• Shehu Balarabe moves from the Ministry of Environment to become Commissioner, Stakeholder Relations.
• Mohammed Bashir Saidu, having become the Chief of Staff, relinquishes the office of Commissioner for Local Government .
Rabi Abdulsalam, former Commissioner for Women Affairs and Social Development, becomes Special Adviser on Social Development. Dr. Shehu Usman Adamu, former Commissioner of Commerce, Industry and Tourism, returns to academia.
The Governor has also nominated four commissioners for confirmation by the Kaduna House of Assembly. They are:
• Umma Hikima, Clerk of the House of Assembly, as Commissioner of Justice/Attorney-General
• Professor Kabiru Mato, currently Special Adviser,Intergovernmental Relations, as Commissioner of Agriculture and Forestry
• Hafsat Baba as Commissioner of Women Affairs and Social Development
• Jafaru Sani, Permanent Secretary Cabinet Affairs, as Commissioner for Local Government
Three special advisers have been reassigned. Uba Sani is redesignated as Special Adviser, Political Matters and Intergovernmental Relations. Chris Umar, Deputy Chief of Staff, is to become Solicitor-General, while Murtala Dabo, Special Adviser, Economic Matters, is appointed Permanent Secretary, Ministry of Works, Housing and Transport.
The Government has also announced the appointment of eight new Permanent Secretaries.
The new Permanent Secretaries are:
1. Mohammed Mahmoud Shuaibu: Ministry of Health and Human Services
2. Chris Umar: Ministry of Justice
3. Rabilu Shehu Ibrahim: Ministry of Environment and Natural Resources
4. Joseph Steven: Ministry of Local Government
5. Habiba Anana Shekarau: General Services, Office of the SSG
6. Lawrence Shemang: Ministry of Water Resources
7. Murtala Dabo: Ministry of Works, Housing and Transport
8. Abdullahi Sani: Cabinet Affairs and Special Services, Office of the SSG
Five Permanent Secretaries have been redeployed as follows:
• Hauwa Umar, Ministry of Women and Social Development
• Ibrahim Shehu Jere, Bureau of Establishments, Management and Training
• Ibrahim Sambo, Ministry of Rural and Community Development
• Nuhu Ishaku Buzun, Public Service Office, Office of the Head of Service
• Aishatu K. Mohammed, Ministry of Commerce, Industry and Tourism
The following permanent secretaries have been retired:
1. Esther C. Tsuwang
2. Lukman Musa Soba
3. Victoria Galadima
4. Mamman Garba Senior
5. Mary Musa Sawok
The Governor has, on behalf of the government, expressed appreciation for their services to the state.
Samuel Aruwan
Special Assistant to the Governor (Media and Publicity)
21st February 2017

We Won’t Subscribe To IMF Programme – Adeosun

Nigeria sees no need to apply for an International Monetary Fund programme as it is pursuing its own economic reform plan, Finance Minister Kemi Adeosun said on Tuesday.

Sharp falls in the price of crude oil, its main export, have tipped Africa’s biggest economy into its first recession for 25 years and hammered the naira currency, prompting speculation it might need IMF funding to cover a growing budget deficit.

“For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance of payments problems per se, it has a fiscal problem,” Adeosun told CNBC in an interview.

“We are already doing as much reform as any IMF programme would impose on Nigeria,” she said. “Nigerians want to take responsibility for their future. We must have our home-grown, home-designed programme of reform.”

Adeosun said non-oil revenues were improving while the government was fine-tuning an economic reform plan needed to support an application for a loan of at least $1 billion from the World Bank. It is also seeking further funds from the African Development Bank.

“Non-oil revenue is improving very steadily. All the measures we have put in place are beginning to yield fruits,” she said, without giving numbers.

“Oil production is back up, we are very grateful for that, but we should be careful for getting excited about that.”

Diplomats and officials have told Reuters that Nigeria, Africa’s leading crude producer, which relies on oil revenues for most of its income, plans to finalise its proposal to the World Bank this month.

The country needs to plug a gap in its record 7.3 trillion naira ($23.17 billion) 2017 budget, which contains a number of measures aimed at stimulating the economy.

It had initially promised to submit an economic plan to the World Bank by the end of December but did not do so, sources told Reuters last month.

Nigeria will also present its economic proposal to the African Development Bank to help release a second loan tranche worth $400 million to support the budget, officials have said.

Source: Reuters

Saraki Reads Buhari’s Letter Extending His Vacation In UK

The Senate on Tuesday officially read President Muhammadu Buhari’s letter dated Feb. 5, requesting an extension of his vacation to further finish up some medical checkups.

The President of the Senate, Dr Bukola Saraki, read the letter at the resumption of plenary on Tuesday.

The News Agency of Nigeria (NAN) recalls that the senate had before resumption from its four weeks suspension of plenary, admitted receiving the letter from the President.

The letter reads: “Further to my letter dated Jan. 18, 2017 in which I notified the distinguished Senate of taking part of my annual leave.

“During my leave I took the opportunity to have routine checkups and consult my long standing doctors in London. In the course of the routine examinations, certain tests results indicated the need for a course of medications and further appointments rescheduled for next week.

“I am therefore notifying the distinguished senate that I am extending my leave until the doctors are satisfied that certain factors are ruled out.

“In the circumstances, Vice President, Yemi Osinbajo would continue to act on my behalf. Please accept distinguished Senate President the assurances of my highest consideration,” the letter read.

In his remarks, Saraki said that the National Assembly leadership visited President Muhammadu Buhari in London, adding that he was in good spirit and in good health.

“He was chatting as usual and conveys his best wishes and hopes to be back with us very soon,’’ he said.

Meanwhile, the Senate has condoled with the House of Representatives over the death of Rep.  Bello Sani representing Mashi/Dutsi Federal Constituency of Katsina State.

“Our condolence is to his family and the government of Katsina State.

“He was a gentle man, principled and cosmopolitan who interacted very well with members of the National Assembly,’’ he said.

He prayed God to grant the family the fortitude to bear the loss. (NAN)

Ooni of Ife To Host Renowned Space Astronaut Next Week

Preparations are in top gear for His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, the Ooni of Ile-Ife to host the renowned astronaut, adventurer and inventor, Nik Halik for the Nigeria edition of “Rocket your Success” a motivational program for young and aspiring entrepreneurs.

The Astronaut, Nik Halik, who is presently on a world tour, will be in Ile-Ife next week Wednesday and Thursday respectively to pay homage to the foremost traditional ruler before proceeding to Lagos for the “Rocket your Success” conference on 4th March to promote the entrepreneurial and adventure spirit among young people.

Speaking about his upcoming trip to Nigeria, the astronaut said, Nigeria presents a unique opportunity in the future of space science and technology.
“In many ways, Nigeria and Africa as a whole, is open for many opportunities to develop its young people and foster interest in a future thriving space program and adventure. In my trip to Africa, I have seen eager and curious minds wanting to take on the world. Now is the time to encourage them to attain their full potential.”

He stated further that apart from encouraging young people to embrace space research, his mission is also to motivate entrepreneurs and people who like to venture into the unknown: “It is entrepreneurs who move the world forward, who shape the future for others. This is why as an entrepreneur myself, I like to engage people to let them know that there is so much to offer the world.”

Speaking about the program: “Rocket your Success” with Nik Halik, the coordinators, Adeleke and Wale Olukoya who thanked the Ooni of Ile-Ife, His Imperial Majesty Ooni Adeyeye Enitan Ogunwusi for his involvement in the program also encouraged others to support.

“We would like to thank His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi Ojaja II, Ooni of Ile-Ife for supporting this program with Nik Halik and we are believing that his presence at the conference will be an added advantage to the participants. We must encourage our young people to literally reach for the stars and dare to dream, so that they can be something great in life. This program will definitely help in providing direction for them.”

About 3,000 people are expected to attend the “Rocket Your Success” program, which will feature keynote speeches, exhibitions, a VIP business networking session at National Theatre, Lagos on Saturday 4th March, 2017.

Gov Yahaya Bello Urges Traditional Rulers To Supports Security Measures

Governor Yahaya Bello of Kogi State has urged traditional rulers to supports security measures being put in place towards addressing insecurity in the state.

The governor who spoke through his Special Adviser on Chieftaincy Affairs, Engineer Abubakar Ohere at the Quarterly Meeting of Traditional Council said that the state government is cooperating with security agencies in tackling menace of kidnappers, armed robbers and terrorists in the state.

 The governor said that his administration has procured and provided surveillance equipment and security vehicles to proactively tackle insecurity in the Confluence State. He added that in one year of the administration several roads have constructed or rehabilitated in addition to electrification of rural areas and installation of street light across major roads in Lokoja, the state capital.

 Bello urged the traditional rulers to brainstorm on issues bothering on traditional institution, security and social developments that could enhanced mutual understanding, tolerance and economic advancement of the state.

 He disclosed that Governor Bello is using a magic wand of experience and administrative competence to improve Internally Generated Revenue (IGR) of the State which his predecessors thought to be unrealisable, adding that more dividends of democracy are coming on the way of the tradition fathers across the State soon as the Government plans to embark on renovation and rehabilitation of their palaces.

 Earlier in his speech, the President of the traditional council and the Attah of Igala, Dr. Michael Ameh Oboni II, commended the governor on his infrastructural developments across the state and commended his commitment towards welfare of the custodians of traditional institutions.

 The traditional ruler also promised to cooperate with security agencies towards increasing security consciousness in their areas.

He stressed that “most importantly, the consultation and inclusion of traditional rulers in key decision and policy making by the current administration, first in the history of the State.

Lending his voice on security challenges, the Vice President of the traditional council, Dr. Ado Ibrahim, the Ohinoyi of Ebira land tasked the royal fathers to complement the efforts of the state government in every possible way in combating the security challenges in the land as it is much a herculean task to be left on the shoulders of the government alone.

Resetting Nigeria’s Economy By Boosting Infrastructure, By Kemi Adeosun

Nigeria’s economy is undergoing a fundamental transformation. To believe that a few minor amendments to economic policy would restore the country to growth is an optimistic but flawed view.

The period between 2005 and 2015 saw some of the highest oil earnings in our history, but during that same period debt levels rose and our reserves declined. While we had a few years of impressive GDP growth, this was largely a function of the high oil price. Nigeria’s economic model was basically the export of crude to earn foreign exchange that was used to import most of our needs, including the most basic needs. The fact that as one the world’s largest oil producers we still import refined petroleum is the starkest evidence of our economic underdevelopment.

To correct this and to lay the foundation for Nigeria’s future we must address the historic under-investment in infrastructure that has limited our growth to a few sectors. Our reforms are firmly aimed at resetting the economy. If the lack of infrastructure, which has handicapped growth, is addressed, Nigerian businesses can be competitive and create jobs and wealth.

To do so, this government has committed to fighting corruption and controlling recurrent expenditure to create headroom for investment in capital projects. It is this investment, coupled with work on the ease of doing business, that will catalyse complementary investment from private capital providers and make the myriad of commercial opportunities in Nigeria viable. Our vision is for permanent transformation. It will be a long journey, but it is achievable. The painful experience of the past two years must be the motivation for Nigerians to collectively declare “never again”

This government has started the difficult process of amending our economic model from one that is consumption-driven to one that is investment-driven.

To invest in our infrastructure we have two options: wait for oil prices to recover, an unlikely prospect; or source funds to undertake critical infrastructure provision and repay from the additional taxes and revenues that will arise from the growth it creates.

We have chosen the latter. As part of the 2016 budget and while meeting our salary and other recurrent obligations, we have budgeted N1.6tn ($5.1bn) for a range of major capital projects and there is significantly more to come in 2017, both from the federal government and its parastatals, as well as the private sector in various forms.

We are making progress towards achieving those ambitions. But the old structures that dominated the past are fighting back. Let me be clear. There are no quick fixes. If the price of oil were to return to $100 tomorrow, it would not solve our problems. They are bigger than that. We must reset our compass for a destination far in the future. Only then will we make the decisions today that deliver change.

That is why Muhammadu Buhari, Nigeria’s president, and my fellow ministers have been so focused on fighting corruption and cutting back government spending in our first full year. The system must be ready to efficiently utilise the people’s resources. Our government’s balance sheet must be restructured to make it robust enough to deliver the investment our economy needs.

The government’s debt strategy is an essential part of this process. Today, our debt profile is unbalanced. We borrow heavily domestically, with too short a tenure, and at a high cost. The impact of this is that we spend too much on interest and we crowd out the private sector from borrowing to fund their investment plans. This debt structure does not support our long-term growth ambitions, and so it must be amended. We need longer-term and cheaper finance to support infrastructure investments.

Those fundamentals remain some of the most attractive among emerging economies. There is a reason that Nigeria has been included in almost every list of emerging economies over the past decade — from the Next 11 to the Mints. Despite the challenges that we are addressing strategically, we are the largest economy in Africa, with a large and growing population, a wide range of opportunities in agriculture, solid minerals and light manufacturing supported by a mature and resilient banking sector, and an oil and gas industry that, when optimally structured, can deliver massive returns.

The challenge we face is not just to navigate our way out of recession, but to ensure our economy is never again as exposed to the volatility of global commodity prices. What we face today is an opportunity, and it is not one we intend to miss.

Kemi Adeosun is minister of finance, Nigeria.


We Don’t Deserve The Treatment We Are Getting, Police Rank And File Cries Out

An anonymous police officer has cried out over the treatment it is getting from the Police Service Commission (PSC) as regards promotion in the force.

In this piece sent to Abuidiqu, the police officer said despite having personnel in the rank and file who have upgraded their educational qualification to attain higher positions in the force, the Police Service Commission shins them to recruit fresh personnel from outside the force.

The piece reads:

The Nigeria Police Force, without mincing words, is the largest government security agency in Africa. Its work force comprising a large chunk of the rank and file, work assiduously in both fair and inclement season of the year, yet are at the receiving end of everything, yet against all odd, they struggled to earn a higher academic qualification with the belief that it will give them a hope of brighter tomorrow.

The Force has three (3) entry points viz: enlistment into the Constable, Cadet Inspectors, Cadet Assistant Superintendent of Police (ASP) cadres respectively. The Force has never been in short supply of those to fill the Constable cadres, obviously because of its low level educational requirements, unlike the ASPs cadre that entails higher academic degrees. Suffice to say, that was when it became imperative for the Police Acts and Regulation to state in Section 39 of Part IV (Appointments) that:

“When vacancies in the establishment of Assistant Superintendents of Police cannot, by reason of UNAVAILABILITY of SUITABLE candidates, be filled by promotions from within the Force, the Inspector-General shall so inform the Nigeria Police Council, and may request it to arrange for the posts to be filled by direct entry”.

From the above, one could clearly see that two key words: unavailability and suitability in time past, justified the actions of the Police Service Commission to source for ASPs materials, directly from among the educated civilians, through Direct Entry. But that cannot be said of the present crop of well-groomed and educated rank and file, some who are already holders of Masters degree; and who auspiciously thought that the journey of career progression for them as begun by two out-gone Inspectors-General of Police in 2014 – 2015 when they were told to file out for documentation exercise, would end up abruptly in 2016.

Needless to remind the PSC that Police Act and Regulation which governs the whole essence of policing in Nigeria, and allocates it with its powers to hire and fire, is in it very self, subject to the 1999 Constitution of the Federal Republic of Nigeria (commonly referred to as the grundnorm). And according to section 1(3) of the 1999 CFRN, if any other law (e.g. the Police Act and Regulation) is inconsistent with the provisions of this constitution, this constitution shall prevail, and that other law shall to the extent of the inconsistency be void.

Statistically, the Nigeria Police cannot at this time in its history, claim ignorance to the growing numbers of her well educated foot-soldiers i.e members of the Inspectorate and Rank and file. Ordinarily, the Police cannot absorb the 13,386 rank and file (as at 2014) who took part in the Cadet exercise, so they put up measures to prune the numbers, but shortly afterward the exercise was jettisoned, owing convincingly to interplay of powers between some forces, especially our dear politicians who are always hell bent on hijacking every process for their wards and cronies.

One would not be wrong also, if the present Police Service Commission Chairman (an IGP emeritus) is indicted for the fall-out of the ill-fated plans to upgrade rank and file who are eminently qualified, and in superfluous supply to fill what Section 39 of Police Regulation requires as per appointments into cadet ASP. Because as the seemingly mouth piece of the gods, he is already aware of the position of the Police Act and Regulation vis-a-viz appointment to the ASP cadre which is believed to be extant, coupled with the demoralized disposition of the rank and file who are holders of first, second and even third degrees in various academic discipline and obviously struggling to live above poverty line. Yet he wielded his powers arbitrarily on the Inspector General of Police, and denied the rank and file such golden opportunity.

The renewed agitation in the camp of the rank and file today, is not for the commission to deny civilian graduates their placement, or halt the already on-going process, but for the present IGP who has shown tremendous interest in the welfare of the downtrodden of the force, to re-present this issue before the PSC Chairman, so that the yearly enlistment, especially into the ASP cadre, will include in-service graduates in bits-and-batches. Once this is done, in no distant time, a large number of the well-educated members of the inspectorate and rank and file would be absorbed.

The essence of this piece is to re-awaken the consciousness of the PSC Chairman and the IGP, that though the rank and file may not have a legal backing to become dissidents overnight, or possess the strike action to engage in demonstrations, they will however do everything possible in line with the provision of Section 39 (i) (ii) of the 1999 Constitution which guarantees Freedom of expression and the Press, to enlist the support of international media organizations, to air our grievances against this perceived arbitrariness and absolute disregard to the provisions of section 39 of Police Act and regulation and section 1(3) of the 1999 CFRN which has the capacity to render the former null and void to the extent of its inconsistency.

It will interest them to note that if members of the rank and file (who have done basic training) are given this opportunity to fill this vacancies of cadet ASP, less money would be spent re-training them, as the only prerequisite would entail advanced training, against the backdrop of pure civilians whose mentality would needed to be “re-configured’ to think policeman-like.

Finally, help alert the powers that be, that it is not an offence to have chosen to serve Nigeria as a Policeman, therefore the present rank and file have done nothing deserving of the life of servitude they are currently been subjected to. If this trend is allowed to continue, the multiplier effects of this will be indiscipline, dejection, lack of motivation, loss of morale among the rank and file which would lead to breakdown of internal security, and those of our colleagues who took out time pursuing wealth whilst we struggled to get further academic qualification to be better police officers, will laugh us to scorn, that with all the educational attainment / qualifications, what is the difference between us and them. There is an undisputed reason(s) while the FUNDAMENTAL OBJECTIVES AND DIRECTIVE PRINCIPLES OF STATE POLICY has notably specified government’s commitment to her citizens’ education in section 18 of the 1999 CFRN, because a nation struggling to build up intellectually, must reward those who paid the price for education, this is only what will motivate others to strive, because ‘education is power’.

questions must also be ask of why the Nigeria Police is deciding to convert ASP course one 2010 while she has more than enough qualified rank and files to be elevated to same position

On our part we see this as an act of wickedness but still not unaware that some of this things are done without the knowledge of the IGP

As a good father the IGP should come to our rescue

We are losing all the motivation left within us that we may be forced sooner than later to rebel against authority.

Arsenal, Chelsea, Manchester City Partners Nigerian Tech Company

For all football fans in Nigeria, you will now have a rare opportunity of turning your passion and knowledge of the game into a once in a life time experience – watch your team play live from the VIP Box.

The VIP Box Ticket from the clubs is a one week all expense paid trip for the consistent top player on the Striker Challenge and Powershot Challenge mobile games. The top player will have the opportunity of watching and taking part in team training sessions, interact with his or her football star, have a meal with the team, and watch the last league match right from the VIP Box. And the player would not have to travel alone, he can take a loved one along. The games already have more than 50,000 downloads.

We connect Nigeria through its series of mobile games – Chelsea Striker Challenge, Manchester City Striker Challenge, Tottenham Hotspur Striker Challenge available for Android and iOS devices got the endorsement of the big clubs. Striker Challenge is a simple, fun and addictive game that requires you to register a high score for any of the competition of choice – VIP Box Ticket or the Signed Jersey from your Football icon.

The support of Chelsea, Arsenal, Manchester City, Tottenham Hotspur etc is rare for Nigerian Technology companies, this is no doubt a welcomed endorsement for the Local fans of the beautiful game of football.

Although, Striker Challenge and Powershot Challenge are free to download and play, the challenge is in beating other players while the football season is on-going. To qualify for the prizes, you’ll have beat the best and top the leaderboard which is updated weekly according to the EPL style of weekly matches. There is a weekly team competition – just like the league tables, in which you play to support your football club to top the Games League Table

You can watch leaderboard updates, aired weekly during the Fansconnect Football show on NTA Sport every Thursday(6:30pm) and Saturday(10:30am). Each episode is available for online stream on the FansConnect page on the Weconnect Social Website:

Buhari Thanks Nigerians, Explains Why He Is Staying Longer In London

Gifty Apologies To Banky W, Falz, Beg Nigerians Not To Judge Her With #BBNaija Show

Gifty Powers, a former Big Brother Naija housemate, has urged Nigerians not to judge her based on the “game” she was playing before being evicted from the reality show.

She was the only housemate sent home Sunday night after getting the least number of votes from the public.

During the four weeks she spent in the house, Gifty attained controversial status for many reasons, particularly for saying she didn’t know Banky W and Falz, two of Nigeria’s famous celebrities.

Addressing Nigerians through her Instagram page on Monday night, Gifty said she was misunderstood.

The upcoming actress said what she actually meant was that she had “never met” both artistes before.

She reminded everyone that Big Brother Naija was a game, noting that there was a reason behind everything she did.

“Good evening everyone. First of all I was misunderstood when I said I don’t know Banky, actually what I meant was, ‘I’ve never met him in person’,” she wrote.

Gifty Powers

“Banky is an amazing singer no doubt. And right now I want to use this platform to apologise for all the wrong words I said about him. It’s just a game, we say/do things for specific reasons.

“I was emotional[ly] unstable cos I was up for possible eviction. So to all Banky fans and everyone plz forgive me, Banky I love ur music and you are a talented cute guy.

“And concerning Falz, I know the song called “soft work” but believe me I had no idea it was FALZ that sang it and also I haven’t met him before..that was why I had to ask ‘who is he’.

“To everyone out there, I just want to refresh your mindset again that the BIG BROTHER SHOW is always a game that has just one winner and whatever actions u have seen in the house is for a reason so please I beg you all don’t judge by what you have seen or heard.”

Arms Deal Scam: EFCC Tenders More Exhibits Against Badeh

The Economic and Financial Crimes Commission,  EFCC, on February 20, 2017 through its 14th witness presented more exhibits against a former Chief of Defence Staff, Alex Badeh, who is standing trial along Iyalikam Nigeria Limited on a 10-count charge bordering on money laundering, criminal breach of trust and corruption to the tune of N3.97 billion.
While being led in evidence by prosecution counsel, Rotimi Jacobs, SAN, the witness Olusegun Adegbite, a compliance officer with Zenith Bank, Maiatama, Abuja, told the court that the EFCC requested for documents with respect to the defendants.
“The EFCC requested for documents related to Farsman Account, NAF payee account and Judah Oil Limited, specifically account opening documents, statements of account, and we responded,” he said.
He identified the documents in court has having emanated from his office.
The defence team raised no objections to the request of the prosecution to tender them as evidence.
Justice Okon Abang of the Federal High Court Abuja, thereafter accepted the documents in evidence and marked them as exhibits T97, T98, T99, T100 and T101.
The trial has been adjourned to February 21, 2017.

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