BUSINESS/ECONOMY

Court Freezes $.6m, N248.3m In Ex-Zamfara Gov, Yari’s Accounts

ABUJA – The Independent Corrupt Practices and Related Offences Commission (ICPC) yesterday said a Federal High Court in Abuja had granted it permission to freeze various sums of money in bank accounts traced to a former governor of Zamfara State, Abdulaziz Yari. A statement from ICPC spokesperson, Mrs. Rasheedat Okoduwa, said Justice Taiwo Taiwo gave the permission yesterday when he ruled on an ex-parte motion filed by the ICPC ordering that the accounts containing $669, 248.89 and N24.3 million domiciled with Polaris and Zenith banks respectively, be frozen. She said the sums were funds allegedly stashed in the personal accounts of the former governor and companies belonging to him, which [Read]

Ogun Job Portal: Applicants Lament Inaccessibility of Portal

Barely 24 hours after the official launch of Ogun State job portal, an initiative of the state governor, Prince (Dr) Dapo Abiodun to provide jobs for unemployed citizens and residents of the state in an elaborate ceremony held yesterday Thursday 15th August, 2019 at the June 12 Cultural Centre, Abeokuta, Ogun State.  Thousands of job applicants have made their dissatisfaction known on social media platforms over their inability to access the newly launched job portal by the state government. [READ ALSO] Ogun Govt Launches Official Job Portal, As Osinbajo Promises FG Partnership Hon. Shotunde Lanre, one of the visitor to the job portal, confidently said he has lost hope in the [Read]

Ogun Job Portal: Osinbajo Urges Youths To Embrace Agriculture, Technology

ABEOKUTA – Nigerian youths have been called upon to take advantage of opportunities that exist in the agricultural and technological sectors to engage themselves positively and be self-reliant. The Vice President of Nigeria, Prof. Yemi Osinbajo who made the call at the unveiling of the State’s job portal, at the June 12 Cultural Centre, Kuto, Abeokuta, said many opportunities exist in technology, agriculture and its value chain, which should be explored by the youths.  Osinbajo, noted that the country was blessed with competent and creative young men and women, saying the Federal and State governments were working towards engaging more youths on useful ventures, as another 500,000 unemployed would be [Read]

Ogun Govt Launches Official Job Portal, As Osinbajo Promises FG Partnership

ABEOKUTA- The Ogun state government has offered automatic employment to 20 residents of the state. The Governor of the state, Dapo Abiodun publicly offered the 20 newly employed civil servants automatic jobs to mark the commencement of the launch of the official job portal. The newly employed civil servants who were between 25 to 35 years were selected after emerging the top 20 to win an ‘interview game’ played at the launching which was held in Cultural centre, Kuto, Abeokuta. Abiodun explained that the portal will be a platform that would provide readily available information to graduates and people with vocational skills so as to match them with potential employers [Read]

[FOREIGN SCENE] President Trump Threatens To Pull Out Of WTO

US – President Donald Trump threatened Tuesday to pull the United States out of the World Trade Organization if conditions are not improved. “We will leave if we have to,” Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania. “We know that they have been screwing us for years and it’s not going to happen again,” he said. Trump has made the WTO the target of many previous attacks, and threatened before to withdraw, claiming unfair treatment toward the US and saying Washington does not have to abide by WTO rulings. He is especially critical about the terms granted to China when it joined the [Read]

Nigerians spend N730bn on sports betting annually

Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, recent research data shows. Data also revealed that over 60 million Nigerian punters spend over 3, 000 naira daily placing bet stakes. At least there are 50 betting sites in Nigeria with the number growing annually. Respondents, who spoke with the News Agency of Nigeria (NAN) on Sunday, said they placed bets to generate quick and easy income, and turn their passion for football into cash. 28-year-old Fashion designer, Segun Mukoro who bets at least once weekly said that it was the fastest way to double his income and although he [Read]

Man Returns N2.2bn Wrongly Credited into His Account To His Bank

Transport mogul, Dr. Sam Maduka Onyishi, the Managing Director of Peace Mass transit, has returned the sum of N2,219,500,000 which he said was wrongly paid into his account by First Bank. Onyishi, who explained how he discovered the huge sum in his Unity Bank account, returned same to the First Bank. At an event in Enugu, weekend, witnessed by journalists, he said that he had requested for $3m from First bank to be paid into his Unity account only to be paid $10m instead by First bank which is about N3,219,500,000 representing an excess of N2,219,500,000. The cheque was received on behalf of First Bank by the Business Manager, Commercial [Read]

BAYELSA GUBER: Osinbajo resumes disbursement of N10,000 Tradermoni in Yenagoa

– The federal government has resumed the disbursement of N10,000 tradermoni to beneficiaries in Bayelsa. – Over 20,000 traders had earlier registered for the programme but 10,000 were considered in the first batch of beneficiaries – Beneficiaries are expected to make good use of the money and ensure that they pay back at the stipulated time to enable government to do more for them No fewer than 10,000 traders in various markets in Bayelsa state have benefited from the federal government’s tradermoni free interest loan empowerment scheme, an official has said. Taiwo Tunmobi, the officer in charge of strategy and operations in the Government Enterprise and Empowerment Programme (GEEP), on [Read]

[BREAKING] $16bn Power Projects: EFCC Begins Probe Of Obasanjo, Yar’Adua, Jonathan Govts

In a fresh move to unmask the actors in the controversial $16billion power projects of the federal government, the Economic and Financial Crimes Commission (EFCC) has begun the investigation of the administrations of former President Olusegun Obasanjo, his immediate successor, the late Umaru Musa Yar’Adua, and former President Goodluck Jonathan. NEWS FLAKES NG gathers that the three leaders and some of their officials are being probed over the role they played in the disbursement of the $16 billion on the power sector between 2006 and 2011 to various contractors. [READ ALSO] Alleged N9.9bn Graft: Ambode Knocks EFCC, Sends Strong Message to Buhari, Tinubu The probe of the “investment” in the electricity [Read]

Alleged N9.9bn Graft: Ambode Knocks EFCC, Sends Strong Message to Buhari, Tinubu

LAGOS – Ex Lagos state governor, Mr Akinwunmi Ambode has cleared the air over a statement credited to the Economic and Financial Crimes Commission (EFCC) alleging that it had frozen certain accounts linked to him. Ambode said account of his contains N9.9 billion let alone being frozen by the EFCC. He, however, added that in the spirit of Sallah and having been governor in the state with utmost dedication and integrity, his record is very clear and his mind joyful for the opportunity to have served the state diligently. Reacting via a statement by Habib Aruna, his media aide, Ambode said while he did not intend to join issues with [Read]

EFCC Nabs, Detains Atiku’s Son in-law, Another Director

Son-in-law to Atiku Abubakar and Finance Director of Atiku’s Group of Companies, Abdulahi Babalele has been arrested by the Economic and Financial Crimes Commission (EFCC). The charges to be brought against Babalele are not known at the time of this report, however, sources at the EFCC have confirmed that the order for his arrest is “from above” and that Babalele is to be “detained indefinitely.” The family of Atiku have described the development as “hostage taking at the highest level.” Atiku is challenging the declaration of President Mohammadu Buhari as the winner of the 2019 general elections at the presidential election tribunal. The presidential election tribunal adjourned in controversial circumstances [Read]

VACANCIES: Civil Defence Begins Recruitment [SEE HOW TO APPLY]

The Civil Defence, Fire, Immigration and Prisons Board, CDFIPB, has announced the commencement of recruitment into the Nigeria Security and Civil Defence Corps, NSCDC. A statement signed by the Secretary of CDFIPB and posted on NSCDC Facebook page said the recruitment would be in six categories. It directed applicants to commence their online registration from 10th August 2019 to 7th September 2019. The statement also directed qualified candidates on how to apply. The statement entitled: “Recruitment into the Nigerian Security and Civil Defence Corps” reads in full: The Civil Defence, Fire, Immigration and Prisons Board (CDFIPB) is inviting applications from suitably qualified candidates for full time appointments to fill existing [Read]

Ogun Govt Set To Establish Dry Port To Improve Agriculture

ABEOKUTA – The Ogun State government has announced that, a dry port that would encourage the processing of agricultural products for export, would be established around Itori in Ewekoro Local Government Area of Ogun State. The State Governor, Prince Dapo Abiodun disclosed this when a team from African Development Bank, led by the Senior Special Adviser to the President, Prof. Oyebanjo Oyelaran- Oyeyi Nka, paid him a courtesy call on Abeokuta. Governor Abiodun said the establishment of the dry port would complement the airport currently under construction, as it would handle agriculture and related products. He said agriculture remained one of the sector his administration would focus on, as it [Read]

Moghalu Advocates “Four Children Per Family” Population Control Policy For Nigeria

LAGOS – Moghalu said Nigeria’s population needs to be controlled because the country is unproductive and not well-equipped to fight poverty. Professor Kingsley Moghalu, a former presidential candidate, has proposed that Nigeria adopt a population control policy to arrest a future explosion. Nigeria will become the third most populated country in the world by 2050, according to the World Population Prospects 2017 report. Taking to his Twitter account (@MoghaluKingsley) on Wednesday, August 7, 2019, Moghalu lamented that Nigeria’s exploding population will be a disaster especially with the current rate of poverty and unemployment.   The former deputy governor of the Central Bank of Nigeria (CBN) then suggested that each Nigerian [Read]

JUST IN: EFCC Freezes N9.9bn Bank Accounts Linked To Ex-Gov Ambode

The Economic and Financial Crimes Commission says it has frozen three bank accounts containing a total of N9.9bn linked to the immediate past Governor of Lagos State, Akinwunmi Ambode. The PUNCH had exclusively reported in June that loyalists of the ruling All Progressives Congress leader, Bola Tinubu, had decided to drag Ambode to the EFCC for investigation. The EFCC, in a Press statement by its spokesman, Tony Orilade, titled, ‘EFCC Secures Freezing Order on Accounts Linked to Ex-Gov. Ambode over Alleged N9.9bn Fraud’, said Justice Chuka Obiozor of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday ordered the freezing of the sum of N9.9bn belonging to the Lagos State [Read]