BUSSINESS/ECONOMY

Fuel Scarcity Looms As Petrol Marketers Orders Shutdown Of Depots, Set for Nationwide Strike [READ MORE]

  Another round of petrol scarcity looms as the Depot and Petroleum Products Marketing Association (DAPPMA) on Sunday directed its members to shutdown services as from 12 midnight of December 9, 2018. NEWS FLAKES NG authoritatively gathers that a directive by the the Executive Secretary, Mr. Olufemi Adewole sent to the members via a letter, said that the association’s efforts to make the Federal Government pay its subsidy induced debts were not successful. He said that the association “took the bold step to stop the financial hemorrhage of its members by the painful disengagement of its loyal workforce after three years of engaging the Federal Government in its efforts to [Read]

Emirates Sets internet Agog with photo of diamond-encrusted aircraft, Bling 777 [SEE PHOTOS]

  Emirates Airline has posted a picture of a plane covered in diamonds and crystals. NEWS FLAKES NG gathers that the Emirates ‘Bling ’ 777 – which many regard as a reference to the Boeing 777 aircraft – was pictured alongside baggage carts and shuttle bus vehicles , an otherwise everyday travel image aside from the plane’s spectacular embellishment. The airline introduced the spectacular sight via its verified Twitter handle , @emirates: Customers and other concerned persons have reacted to the tweet:   [Read]

Proposed Abeokuta City Centre to Create 4,000 Jobs – Amosun

  NEWS FLAKES NG gathers that not less than 4,000 direct and indirect employment opportunities will be created, when construction works on the Abeokuta City Centre, in the Ogun State capital, is completed.  The Promoter of Shoprite, Mr. Tayo Amusan, made this known in an interview with news men, after he accompanied Governor Ibikunle Amosun and stakeholders, on an inspection of the project site, in Abeokuta. He said the vision is to create a city within a city, that will accommodate people from all over West Africa. The Lead Contractor handling the project, Mr. Ibukun Sonola, also answering questions, said the project, which has reached 60 percent completion stage, will [Read]

Ganduje Donates N10m To EFCC, ICPC For Anti-corruption Event

  The Kano State governor, Abdullahi Ganduje, has donated N10 million to the organizers of the National Anti-Corruption Marathon. NEWS FLAKES NG gathers that the Economic and Financial Crimes Commission, EFCC, Independent Corrupt Practices and other Related Crimes, ICPC, Athletic Federation of Nigeria, AFN and other stakeholders organized the first National Anti-Corruption Marathon, in honour of President Muhammadu Buhari, for his fight against corruption. Announcing the donation when he received members of the main organizing committee in Abuja, Mr Ganduje promised that the Kano State Public Complaints and Anti Corruption Commission would collaborate with the organizers, as an official partner, to ensure success of the event. He said his administration [Read]

2019: CBN Retains MPR At 14%, Warns Banks Against Laundering Money For Politicians

  As the 2019 elections approach and political maneuvering intensify, the Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to be careful not to violate the money laundering Act. Banks that violate the money laundering Act in the guise of handling money for politicians the CBN warned, risk very stiff penalty. CBN governor Mr. Godwin Emefiele gave warning on Thursday at the end of the Monetary Policy Committee (MPC) meeting in Abuja. Emefiele told journalists that the CBN’s position and warning was handed down to the DMBs Chief Executives at a recent meeting to intimate them of the dangers they may be exposed to as a result [Read]

Amosun Presents N420.6bn “Budget Of Enduring Legacy” To Ogun Assembly – SEE BREAKDOWN OF FIGURES HERE

  ABEOKUTA – Governor Ibikunle Amosun of Ogun on Wednesday presented to the state House of Assembly a budget of N420.6billion for 2019. The budget titled, “Budget of Enduring Legacy’’, Amosun said the figure represents an increase of 17 per cent over the N345.4billion budgeted for 2018. He said that the proposal was made up of N254.055 billion capital expenditure, representing 63.1 per cent and recurrent expenditure of N148.5 billion, representing 36.9 per cent. The governor explained that the 2019 proposal was based on his administration’s resolve to deliver its campaign promises despite the fact that the administration was wrapping up. Amosun said that the state projected N221.244billion as revenue [Read]

EFCC arrests 23 OOU students, 12 others for Internet fraud

The Economic and Financial Crimes Commission says it has arrested 34 suspected Internet fraudsters at 21 , Sawmill Road Awa – Ijebu, Ogun State . The suspects who are between 19 and 37 years include 23 students at Olabisi Onabanjo University , out of which nine were ladies who allegedly claimed to be girlfriends or neighbours of some of the suspects ; one was said to be a student of the National Open University of Nigeria , while 12 others are non- students . The commission said in a statement on its Facebook account that it got wind of the suspects ’ activities through a series of intelligence reports alleging [Read]

‘Next Question Please’, EFCC boss Snubs question on Ganduje’s Bribery Allegation – READ MORE

  The acting Chairman of the Economic and Financial Crimes Commission , Ibrahim Magu, on Monday refused to answer questions on whether the Kano State Governor , Abdullahi Ganduje, was on a probe . Magu had invited reporters for a press conference in commemoration of his third year in office .   The acting EFCC boss had reeled out the achievements of the anti- graft agency in the last three years including a large number of convictions and recoveries . However , during the question and answer session , Magu was asked to confirm if the EFCC was investigating Ganduje who was allegedly caught on camera collecting kickbacks from contractors [Read]

Billionaire philanthropist Bill Gates Invents Water-free Flushing Toilets – READ MORE

  NEWS FLAKES NG gathers that On a stage in Beijing, Bill Gates took out a beaker of yellowish-brown fluid and put it on a nearby podium. “This is a container of human waste,” he said, as a colorful animation of the teeming multitudes of viruses commonly found in poop cavorted on a screen behind him. “This, we’re going to keep in the jar.” Gates was speaking at the opening of the three-day Reinvented Toilet Expo in China, which is showcasing the different toilets and waste-processing concepts that have resulted from a 2011 Bill and Melinda Gates Foundation challenge to change what happens to the poop of billions of people. [Read]

N33bn Alleged Fraud: Osinbajo Not A Saint But Corrupt – PDP

  The Peoples Democratic Party (PDP) has charged the Vice President Yemi Osinbajo to stop sermonizing and parading like a saint until he answers to the N33 billion corruption allegation as exposed by the House of Representatives. The party said the Vice President owes it as a personal moral burden, both as a preacher and Professor of law, to directly explain how the fund meant for the wellbeing of Nigerians suffering in the Northeast, was mismanaged under his supervision, instead of the lame attempts to dismiss the allegation and divert public attention from the scandal. According to a statement by the publicity secretary of the party, Kola Ologbondiyan, “Nigerians were [Read]