Saturday, May 15

Tag: funds

“Save your Money for TikTok Costumes” Yomi Fabiyi tells Iyabo Ojo after She Sued him for Defamatory Publication
Lifestyle

“Save your Money for TikTok Costumes” Yomi Fabiyi tells Iyabo Ojo after She Sued him for Defamatory Publication

Yomi Fabiyi is not fazed by the legal documents Iyabo Ojo filed against him. The actor had alleged that Iyabo Ojo and Princess "promised to kill Baba Ijesha if released on bail" after he was detained for allegedly sexually molesting Princess' underaged daughter. In response, Iyabo's lawyers sued him, asked him to retract the statment, apologize, and pay 100 million Naira in damages. Reacting to the lawsuit, Yomi reshared the same defamatory post that brought about the suit and told Iyabo that he doesn't dignify everyone with a response. He wrote: Ignore any unnecessary CIVIL SUITS attached to my name, I don't dignify everybody with a response. Not even a non-criminal suit that lack merits and grounds. I don't have time to waste walai. Your lawyer will never tell you how ma...
EPL: Mikel Arteta to Offload Six high-profile Players
Sport

EPL: Mikel Arteta to Offload Six high-profile Players

  Arsenal will offload six high-profile players from the club this summer as they prepare to spend big on new players. Goalkeeper, Bernd Leno is top on the list of players who are up for sale, according to Football.London. This follows a miserable season by Mikel Arteta’s side, with the club sitting in ninth place in the Premier League table and likely to miss out on European football for the first time in over 25 years. The Gunners board are prepared to spend big in an ‘unprecedented’ transfer window and will trim a bloated squad and raise funds. Football.London reports that Arteta has now put six players on the chopping block all of whom the club hope to receive sizeable fees for. The other players in Arteta’s list include, right-back Hector Bellerin, Lucas Tor...
Thierry Henry Confirms Plans to Buy Arsenal From Kroenkes
Sport

Thierry Henry Confirms Plans to Buy Arsenal From Kroenkes

  Thierry Henry has confirmed that Spotify owner, Daniel Ek, has “reached out” to the Kroenkes, to table an offer to buy Arsenal. Ek is expected to make a bid of around £1.8bn for the Gunners before the end of the week. He is confident Kroenke will listen to the offer and has the full backing of Henry and other Arsenal legends like Patrick Vieira and Dennis Bergkamp. Henry, speaking on Monday Night Football, said: “I know a lot of people wanted to hear about [the takeover]. “It is true. Daniel is an Arsenal fan. He did not say it for any publicity. He has been an Arsenal fan for a very long time. “He already reached out [to the Kroenkes] and already said himself that he had collected the funds to make sure that he can put in a good bid. He added: “I think it i...
Why CBN Sacked First Bank Board — Emefiele (Full Text)
Business

Why CBN Sacked First Bank Board — Emefiele (Full Text)

GOVERNOR’S STATEMENT ON THE PURPORTED MANAGEMENT CHANGE AT THE FIRST BANK OF NIGERIA LTD 1.0 Good afternoon ladies and gentlemen. 2.0 The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd (FBN) and the related regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions. 3.0 Ordinarily the board is vested with the authority to make changes in the management team subject to CBN approval. However, the CBN considers itself a key stakeholder in management changes involving FBN due to the forbearances and close monitoring by the Bank over the last 5 years aimed at stemming the slide in the going co...
Spotify Owner’s Bid To Take Over Arsenal Is Now “Very Serious”
Sport

Spotify Owner’s Bid To Take Over Arsenal Is Now “Very Serious”

Spotify founder Daniel Ek says his proposed Arsenal takeover is "very serious" and that he has secured funds for a deal. Amid last week's fallout from the European Super League collapse, Ek said he was interested in buying the club. Arsenal legends Thierry Henry, Dennis Bergkamp and Patrick Vieira have joined his bid but owners Stan and Josh Kroenke say they do not want to sell. Ek wants to bring a compelling offer and hopes the Kroenkes "hear me out". "I have secured the funds for it and I want to bring a very compelling offer to the owners and I hope they hear me out. "I certainly didn't expect this will happen overnight and I am prepared for this to be a long journey." Swedish billionaire Ek first signalled his interest in the club following protests by Gunners fan...
Abia Govt not Starving Us of Funds – Enyimba Football Club
Sport

Abia Govt not Starving Us of Funds – Enyimba Football Club

The management of Enyimba Football Club has dismissed the report alleging that the Abia State Government had refused to fund the club for years. DAILY POST learnt that a publication by an online platform recently alleged that the Abia State Government had “starved Enyimba, Nigeria’s most successful club side, of funds in the past year”. Reacting, in a statement issued and made available to DAILY POST on Monday, the Chairman of the club, Felix Anyansi Agwu described the report as a “monstrous falsehood” meant to damage the image of the club and the Abia Government. He demanded the withdrawal of the report, stressing that the state government has been supportive in issues regarding the club. The statement reads in part: “If there is one state with a government that supports f...
“Not all Girls with Huge Instagram Accounts have Sugar daddies” Uriel Oputa write in reaction to rapper, The Game’s post
Lifestyle

“Not all Girls with Huge Instagram Accounts have Sugar daddies” Uriel Oputa write in reaction to rapper, The Game’s post

Uriel Oputa took to Instagram to disagree with a post made by American rapper, The Game. The Game told men without money to "get a regular chick with 231 followers & blurry pics" and stop going after "a popping chick on IG". He said the "popping chicks" are funded by a "nigha that's not in the pic" Reacting, Big Brother Naija reality star, Uriel Oputa said The Game "needs to stop with his stereotypical talks". She added that not every woman with a huge Instagram account has a sugar daddy. She then used herself as an example of someone who funds her business herself. Read her post below.
NDDC Is Broke, We Need More Funds – Akpabio
Politics

NDDC Is Broke, We Need More Funds – Akpabio

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has asked for more funds for the Niger Delta Development Commission (NDDC) which he said is broke. The commission was in the news towards the end of last year over allegations of corruption running into billions. At a public hearing of the national assembly, Akpabio had accused federal lawmakers of being beneficiaries of corruption. But speaking on Friday at the NDDC Strategic Capacity Building Workshop in Uyo, Akwa Ibom State capital, Akpabio said the funding system is poor because budgetary provision for the commission is staggered and does not come as and when due. The minister, who called for an amendment to the laws establishing the agency if need be, said he was determined to leave the NDDC better than how...
People are Using Resources they made from Kidnapping for Insurgency in North East – Governor Fayemi
News

People are Using Resources they made from Kidnapping for Insurgency in North East – Governor Fayemi

Governor Kayode Fayemi of Ekiti state has said that there is a direct correlation between insurgency in the north-east, and banditry in the north-west and kidnapping in the south-west. The chairman of the Nigerian Governors Forum (NGF) who said that President Buhari will approach the national assembly for funds to procure more equipment for the armed forces, alleged that people behind banditry and kidnapping are using the money they made from the criminal activities to fund insurgency in the North-East. Fayemi said; “I can tell you, and I don’t think I’ll be breaching any confidence, that one of the good news I came away with, from the President now on this issue is that he’s already informed the National Assembly that they will be receiving a special request from him on procure...
Amidst Paucity Of Funds, Nigerian Govt Proceeds With ₦42 Billion NASS Renovation
News

Amidst Paucity Of Funds, Nigerian Govt Proceeds With ₦42 Billion NASS Renovation

Although Nigeria is planning to borrow money and sell some national assets to fund its budget, it is still proceeding with the controversial NASS renovation, at a higher sum. Despite the paucity of funds that will see the Nigerian government borrow over a third of the funds needed to finance the 2021 budget, the government is still pushing ahead to renovate its parliamentary complex with N42 billion. It is for the purpose of carrying out mechanical and electrical repairs in some parts of the National Assembly building that the government is planning to spend an equivalent of $113 million – an amount four times the total 2021 budget allocated to the Lagos University Teaching Hospital, one of Nigeria’s biggest teaching hospitals, which caters for the health needs of millions of resid...
Twitter Founder Jack Dorsey’s First Tweet Sells for Over £2 million
Lifestyle

Twitter Founder Jack Dorsey’s First Tweet Sells for Over £2 million

Twitter founder and CEO Jack Dorsey has sold a digital certificate connected to his first ever tweet for over £2m. The digital certificate was purchased in an auction by Sina Estavi, a Malaysia-based entrepreneur. The tweet, posted by Jack Dorsey on March 21, 2006, reads: "just setting up my twttr" Buyer, Mr Estavi said: "This is not just a tweet!" He added that "years later people will realise the true value of this tweet, like the Mona Lisa painting". Jack Dorsey said the funds raised from the sale of his first ever tweet are being donated to a charity supporting the coronavirus response in Africa, minus a 5% processing fee going to the auctioning platform. Mr Estavi said he was glad the money was being donated to charity.
Port Harcourt Refinery Will Work in 18 Months – Minister of state for Petroleum, Timipre Sylva
News

Port Harcourt Refinery Will Work in 18 Months – Minister of state for Petroleum, Timipre Sylva

Minister of State for Petroleum, Timipre Sylva has given an assurance of the Port Harcourt Refinery being functional in 18 months. Sylva said this in an interview on Channels Television, in reaction to controversy that trailed the approval of $1.5 billion for the rehabilitation of the Port Harcourt Refinery (an amount which many had described as too much for the project). The Minister who insisted that the rehabilitation exercise is not a waste of funds, added that there are plans to also fix the Warri Refinery and Kaduna Refinery. He said; “Port Harcourt Refinery will work, and certainly within the next 18 months. “There are plans to also fix the Warri Refinery and Kaduna Refinery and then we would get all those staff to work." Sylva  debunked insinuations that the rehab...
774,000 Jobs: Buhari Orders The Release Of Funds For The Payment Of Stipends
Politics

774,000 Jobs: Buhari Orders The Release Of Funds For The Payment Of Stipends

President Muhammadu Buhari has graciously directed a release of the funds for the payment of stipends to the 774,000 participants of the SPW programme. I have consequently directed the NDE to begin processing the payments and participants should begin to receive payments soon. In order to eliminate fraud and/or double payments, I have also directed that every payment to participants should be made using the BVN of their accounts so we can have an audit trail of every single payment. Those who registered with different names shouldn’t expect payments Festus Keyamo, SAN, Hon. Minister of State, Labour & Employment. 20-03-2021
ESN Receives Funds From Members In 120 Countries – IPOB
Politics

ESN Receives Funds From Members In 120 Countries – IPOB

THE Indigenous People of Biafra said on Monday that there was enough money to fund its security arm known as the Eastern Security Network. The group’s Media and Publicity Secretary, Emma Powerful, stated this in a press statement, adding that ESN was funded by IPOB members resident in 120 countries. Powerful was reacting to a statement credited to the Imo State Governor, Hope Uzodinma, who allegedly said that IPOB had no capacity to fund a viable security outfit. IPOB described Uzodimma’s claim as fallacious, amusing and shameful. It said the governor resorted to what it called cheap blackmail following his attempt to infiltrate ESN. The group said it was unnecessary convincing about those behind the setting up of ESN as it was in the public domain, insisting that it did...
Man who dropped out of school in England due to lack of funds thanks Davido for partly funding his education after he returned to Nigeria
News

Man who dropped out of school in England due to lack of funds thanks Davido for partly funding his education after he returned to Nigeria

A man who dropped out of school in England due to lack of funds and returned to Nigeria, has graduated from a Nigerian University and he thanked Davido for partly funding his education. The first class graduate took to Twitter to share what he calls his "Uni timeline". He wrote: - left England because money no Dey Lagos - mentor sets up a gofundme for uni - @davido dropped funds to support my fundraiser (thanks to twitter folk ) - Resumed abuad and survived Nigerian education - first class EEE #ThankYouJesus Davido responded, writing: "Crazy !! Happy for you."   And the recent graduate replied, "Thank you so much."  
The Real Reason why Billionaire Chief Ikpea Divorced his wife of 39 years according to a family member
Lifestyle

The Real Reason why Billionaire Chief Ikpea Divorced his wife of 39 years according to a family member

Read a statement by a family member below... As against the claims going round media that the Mrs Agnes, the first wife of chief Ikpea was thrown out of her matrimonial home, the claim is false and misleading. Chief Ikpea has been married to Mrs Agnes Ikpea for 39 years and they have both been blessed with six children. No one will wish to go that far in a marriage and then suddenly wake up one day to end it. The woes started out when Mrs Agnes connived with her children to oust Chief Ikpea from his entire business enterprise. Chief Ikpea is a responsible husband and a loving father who has done nothing other than providing for his family as any reasonable man should do. All of his six children with Mrs Agnes are directors in his company. He pays them handsomely and ...
US Convicts 23-year-old Nigerian Lady, Oyindamola Akinrinola, For Online Fraud
News

US Convicts 23-year-old Nigerian Lady, Oyindamola Akinrinola, For Online Fraud

Oyindamola Akinrinola, a 23-year-old Nigerian lady has been convicted for her role in fraud schemes that targeted victims across the United States. The college student of Lawrence, Kansas, pleaded guilty in federal court for receiving and transferring illicit funds on commission on behalf of a Nigerian co-conspirator. US Attorney Stephen McAllister, who announced her conviction on Monday night, February 22,  stated that Akinrinola will face time in federal prison for her crime. “Akinrinola and her co-conspirator in Nigeria victimized individuals, several elderly, through a variety of online scams,” said U.S. Attorney Stephen McAllister. “She now faces time in federal prison for her crimes. We will continue to work with our law enforcement partners to prioritize the investig...
Ex-Oyo Court Registrar Bags Fresh Three-year Jail Term Over Dud Cheque
News

Ex-Oyo Court Registrar Bags Fresh Three-year Jail Term Over Dud Cheque

An Ex-Oyo court registrar alreadyserving a jail term, has been sentenced to fresh three years in prison over a dud cheque. On Friday, February 12, the EFCC secured the conviction of a former Deputy Chief  bordering, charge, of the Oyo State High Court, Mutiat Omobola Adio. She was convicted after pleading guilty to a fresh charge bordering on obtaining money by false pretense and issuance of Dishonored Cheque contrary to Sections 419 of the Criminal Code Law, Cap. 38, Laws of Oyo State, 2000and Section 1 (1) (b) of the Dishonored Cheque (Offences) Act, Cap. D11, Laws of the Federation of Nigeria, 2004 Adio is alleged to have obtained a 2000 Model Toyota Pathfinder SUV valued at N1, 500,000 (One Million and Five Hundred Thousand Naira) from one Fabunmi Olatunji Samuel of Fatai ...
The Military Don’t Want Terrorism to End Because they’re Benefitting From it -Sheik Gumi
News

The Military Don’t Want Terrorism to End Because they’re Benefitting From it -Sheik Gumi

Prominent Islamic scholar, Sheik Ahmad Gumi has alleged that the military does not want terrorism to end in the country because they are benefitting from it. Gumi who made the allegation in an interview on Arise TV, also alleged that some top military officials want insecurity to continue because of the huge funds allocated for tackling it. Also speaking on his recent trips to the forest to engage bandits on the need to embrace peace, the Islamic scholar said; “The military is not encouraging matters at all because they are the beneficiaries of this insecurity. “The bandits are ready to drop their arms and return back to the fold if the federal government will accede to their simple demands such as building schools, hospitals and providing water. “They (the bandits) are co...
Joe Biden Cancels Funding for Trump’s Border Wall
News

Joe Biden Cancels Funding for Trump’s Border Wall

US President, Joe Biden has rescinded the national emergency order used to fund Donald Trump's border wall, stopping one of Trump's trademark immigration policies. Trump declared a state of emergency over the southern border in 2019, which allowed him to bypass Congress and use military funds for its construction. By the time Trump had left office, about $25bn (£18bn) had been spent on the project. In a letter to Congress on Thursday, February 11, Biden wrote that the order was "unwarranted" and said that no further tax dollars will be spent on the wall. In the letter,  Biden also wrote that he would also seek a review of "all resources appropriated or redirected" to the construction of the wall. Ever since Biden became president on January 20, he has made series of ...
SERAP Writes Lawan, Gbajabiamila, Seeks Probe Of “Missing ₦4.4Bn NASS Funds”
Politics

SERAP Writes Lawan, Gbajabiamila, Seeks Probe Of “Missing ₦4.4Bn NASS Funds”

Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Dr Ahmad Lawan, and Speaker of House of Representatives Mr Femi Gbajabiamila to “use their good offices to urgently probe and refer to appropriate anti-corruption agencies allegations that N4.4 billion of public money budgeted for the National Assembly is missing, misappropriated, diverted or stolen, as documented in three audited reports by the Office of the Auditor-General of the Federation.” In the open letter dated 30 January 2021 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “By exercising strong and effective leadership in this matter, the National Assembly can show Nigerians that the legislative body is a proper and accountable watchdog that represents and ...
Bill Gates advises FG against purchasing COVID19 vaccines, says fixing health sector is more important
News

Bill Gates advises FG against purchasing COVID19 vaccines, says fixing health sector is more important

American Philanthropist, Bill Gates, has advised the Federal government against expending its limited resources on the purchase of pricey COVID19 vaccines when it can wait for those from GAVI.   Gates gave the advice during a virtual press conference ahead of the launch of the 2021 Bill and Melinda Gates Annual Letters on Tuesday night, January 26.   He said waiting for the GAVI vaccines would be the best thing for Nigeria and that investing proposed vaccine funds into other health-related areas would assist to deepen vaccine coverage and save lives.   “The key is that Nigeria is still eligible (for GAVI Vaccinee), and so, for a lot of those vaccines, they will come through the GAVI facility that we’ve raised money for. I’m an advocate for the government t...
Edo Has No Funds To Host National Sports Festival – Obaseki
Politics

Edo Has No Funds To Host National Sports Festival – Obaseki

The Edo State Governor, Godwin Obaseki, has called on the Federal Government to help in funding the National Sports Festival, scheduled to hold in the state. Obaseki said the state is ready to host the 20th edition of the sports event but does not have the financial capacity to host 11,500 athletes and officials. Obaseki, who received members of the Main Organising Committee from the Federal Ministry of Youth and Sports Development in Benin City on Tuesday, said COVID-19 had taken its toll on the finances of the state. He said: “Since March last year, you know the financial strength of most states, sub-nationals and countries. For us as a state, we are ready to host but don’t have the funds at this point in time to host the Games; this is the plain truth. “If the Federal Go...
Nigeria To Pull Out Of Some International Organisations Over Paucity Of Funds
Politics

Nigeria To Pull Out Of Some International Organisations Over Paucity Of Funds

The Minister of Foreign Affairs, Godfrey Onyeama, says plans are underway to reduce the number of International Organisations Nigeria belongs to because of paucity of funds. Mr Onyeama made this known while defending the ministry’s 2021 budget at the House of Representatives on Tuesday in Abuja. He said that the ministry is faced with a challenge of meeting its contribution to those International organisations. “We are owing a lot, and in the Federal Executive Council (FEC), there is a process to rationalise and cut down on the International Organisations we belong to. “This is because we are just owing monies left and right and it is not even good for the image of the country,” he said. Mr Onyeama, who decried the poor funding of the ministry, reeled out the challenges ...
FG approves N4bn bailout for airlines affected by COVID19 pandemic
News

FG approves N4bn bailout for airlines affected by COVID19 pandemic

The Federal government has approved the sum of N4 billion as bailout funds for airlines to cushion the effects of COVID-19 on the aviation sector in Nigeria.   The Minister of Aviation, Hadi Sirika, announced this when he appeared before the senate committee on aviation today Monday, November 2.   Sirika appeared before the panel in respect of a public hearing on the repeal and the reenactment of the laws establishing the Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Agency (NAMA), Accident Investigation Bureau (AIB), Nigerian College of Aviation Technology (NCAT), Nigerian Meteorological Agency (NIMET) and the Federal Airports Authority of Nigeria (FAAN).   Sirikia mentioned to the lawmakers that the aviation sector is key to the d...
ICPC quizzes NDDC directors over alleged diversion of N5.474 bn meant for the purchase of PPEs for health workers
News

ICPC quizzes NDDC directors over alleged diversion of N5.474 bn meant for the purchase of PPEs for health workers

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has quizzed top management staff of the Niger Delta Development Commission (NDDC), over allegations of various acts of corruption such as diversion of funds, procurement fraud and misappropriation of the agency’s Covid-19 funds. A statement released on Saturday August 29 says some directors of NDDC were interrogated at the Commission’s headquarters recently, after months of intelligence gathering following the receipt of petitions from Nigerians on the alleged illegalities and contract fraud by some officials of the agency. According to the statement, top officials of the agency are being investigated for their complicity in an alleged diversion of N5.474 billion meant for the purchase of Personal Pr...
Kemi Olunyolo Vows Never To Forgive Hushpuppi
Celebs

Kemi Olunyolo Vows Never To Forgive Hushpuppi

Back in 2018, kemi olunyolo begged Hushpuppi for funds to take care of her mental health. Hushpuppi refused In her latest post on Instagram, she shared a video of herself weeping bitterly as she narrated how Hushpuppi made mockery of her. The video which was recorded in Yoruba language claimed that after she got out of jail, she had no money to settle her medical bills. To that note, she resulted into soliciting for help. Then, Hushpuppi offered to help. However, he demanded that Kemi apologised to Linda Ikeji who she wasn’t in good terms with and had been fighting with. In a desperate bid to get help from Hushpuppi, she apologized to Linda Ikeji; however, Hushpuppi ended up not meeting his own end of the bargain.
Nigeria Loses N2.5 Trillion to Fraud Every Year- Forensic Body Reveals
News

Nigeria Loses N2.5 Trillion to Fraud Every Year- Forensic Body Reveals

The Society for Forensic Accountants and Fraud Prevention (SFAFP), a body that studies the management of funds by Government agencies, has revealed that Nigeria loses N2.5 trillion  yearly in the national budget to public sector fraud and corruption. SFAFP Chairman Iliyasu Gashinbaki, revealed that in Africa, 25 per cent of annual budgets of countries are diverted through bad schemes by politicians. Gashinbaki, speaking at a virtual induction of 192 associates of SFAFP at the weekend, revealed public officers mismanaged government money by unlawful use of public assets for private advances, underpayment of taxes and duties on export as well as import. Other methods of embezzlement include payment of salary to ghost workers; bribery and extortion; payment for air supply (goods ...
Mohammed Umar Reportedly Takes Over as Acting EFCC Chairman
News

Mohammed Umar Reportedly Takes Over as Acting EFCC Chairman

Following the suspension of Ibrahim Magu who is being investigated over allegations of Fraud, Mohammed Umar has reportedly taken over as the acting chairman of the Economic and Financial Crimes Commission EFCC. Until this appointment, Umar was the Head of Operations at the Economic and Financial Crimes Commission and the second most senior operative at the Commission. An investigation has been launched into Magu's activities as the chairman of the antigraft agency after the Minister of Justice and Attorney General of the Federation, Abubakar Malami, wrote a letter to the President, asking for Magu's removal and accusing him of corruption including diversion of recovered funds. He was suspended on Tuesday, July 7 to allow him attend the Justice Ayo Salami panel investigating th...
Naija Rice Project to better farmers’ lives
News

Naija Rice Project to better farmers’ lives

Following the launch of the Anchors Borrowers Programme in 2015 by the Buhari-led administration, the private and public actors in the agricultural industry have since continued to collaborate to create sustainable commercial frameworks that will boost rice production in Nigeria as well as improve quality of products across the value chain. In line with this, while also responding to the clarion call, Green Eagles’ Agribusiness Solutions Limited, a private Agric Firm based in Lagos, designed a flagship initiative; a masterstroke to better the lives of farmers while massively upscaling rice production to up to 4.2 Million tons of Rice Yearly. According to the Company’s Managing Director, Taiwo Oluwadahunsola, Green Eagles’ Naija Rice project, launched in Kebbi state, February 2019, ha...
Kroenke refusing to dip intp fortune to help Arsenal market plans
Sport

Kroenke refusing to dip intp fortune to help Arsenal market plans

Arsenal owner Stan Kroenke isn't expected to part with any of his personal fortune to help the club. Kroenke is not putting funds into the club directly and that has cast doubt over Mikel Arteta's transfer hopes, reports Football.London. The billionaire is unlikely to splash the cash after the the end of the season as he is no longer putting funds directly into the club. Therefore, Arsenal are likely to follow the example of other Premier League clubs and prioritise loan deals, free transfers and swaps due to the financial impact the coronavirus outbreak has had on the transfer market. The Gunners have been linked with names such as Thomas Partey (Atletico Madrid), Philippe Coutinho (Barcelona) and Layvin Kurzawa (PSG).
Over 39,000 sign Petition for Myka Stauffer to Remove Monetized YouTube Videos of Re-homed son, Huxley
Lifestyle

Over 39,000 sign Petition for Myka Stauffer to Remove Monetized YouTube Videos of Re-homed son, Huxley

Over 39,000 people have signed a petition calling for youtuber Myka Stauffer and her husband, James to take down monetized videos of their adopted son, Huxley who they revealed has been re-homed. According to the petition which was started on Change.org, titled, “Remove Myka Stauffer’s MONETIZED YouTube videos exploiting a special needs child”, the couple were accused of exploiting Huxley who was adopted from China and the entire process was “monetized” through their YouTube channel. The petition started by William Smith to Youtube reads; Myka Stauffer and her husband adopted a boy with special needs named Huxley from China and monetized the entire process through their YouTube channel. They were given funds from their viewers which helped to pay for their trip to China and li...
Prophet TB Joshua Explains Source Of His Ministry’s Money
News

Prophet TB Joshua Explains Source Of His Ministry’s Money

Senior Pastor of the Synagogue Church of all Nations (SCOAN), TB Joshua, has claimed he funds his ministry through offerings from his church. This was revealed in a broadcast on his popular television channel, Emmanuel TV, which was uploaded on YouTube today. A viewer had sought to know how Pastor Joshua raises money, as he is never heard preaching on tithes and offerings. Though Pastor TB Joshua was not physically present during the broadcast, one of his ministers responded on his behalf. According to him: “Wrong people have to be reminded many times before they can give because it is not from their heart.” The minister described giving offerings as “scriptural”, but clarified that people should give as “God prompts their conscience”. “Giving is like serving. Both should...
EFCC Raises Alarm On Fake Lockdown Funds
Crime

EFCC Raises Alarm On Fake Lockdown Funds

The Economic and Financial Crimes Commission, EFCC, has cautioned members of the public against fraudulent activities of spurious dispenser and manager of funds to vulnerable Nigerians, ostensibly to cope with the discomfort associated with the lockdown measures of the Federal Government in some parts of the country. The Acting Executive Chairman of the EFCC, Ibrahim Magu, who disclosed the strange development on Tuesday, April 28, 2020, added that some faceless elements are circulating ” REE N5000 LOCKDOWN FUNDS TO SUSTAIN DURING LOCKDOWN”. He said, ”The circulation of the fake funds is being carried out online through a phishing link via WhatsApp. The link is embedded with a link titled https:///free-N5000. Whenever the link is clicked, it would redirect recipients of the message...
‘Borussia Dortmund are very interested in Vidal’ – Rueda claims Barcelona star could move to Germany
Sport

‘Borussia Dortmund are very interested in Vidal’ – Rueda claims Barcelona star could move to Germany

The 32-year-old Chilean midfielder will see his contract at Camp Nou expire at the end of the 2020-21 season Chile national team manager Reinaldo Rueda has claimed that Borussia Dortmund are very interested in signing Barcelona midfielder Arturo Vidal. Vidal's contract at Camp Nou runs through the end of the 2020-21 season and the 32-year-old has been linked with a move away from Spain recently. The Chile international nearly moved to Serie A in the January transfer window, with Inter general manager Beppe Marotta confirming his club’s interest. Though the move didn't materialise, it appears Vidal could still be on his way out of Barcelona in the near future. With Vidal starting just 12 of his 30 appearances for the Blaugrana in 2019-20, the Chile star could be tempted to look el...
Tinubu Tells FG To Pay Relief Funds To Households Through BVN
Politics

Tinubu Tells FG To Pay Relief Funds To Households Through BVN

National Leader of All Progressives Congress , Bola Tinubu , has urged the Federal Government to make cash payments to households through Bank Verification Numbers to cushion the effects of COVID- 19 pandemic on Nigerians . Tinubu , a former governor of Lagos State , gave the advice in a statement issued in Lagos on Wednesday. He said payments could be made quickly by using the BVN of prospective recipients to make direct deposits into individual bank accounts . The APC leader said the use of BVN would also be safer and not lead to violence and crime that might follow physical cash transfers. Tinubu said this would encourage those without bank accounts to establish such accounts, adding that it would further bring millions of people into formal banking . “ The money - less f...
FG Can’t Share Donated Funds To Nigerians – Lai Mohammed
Politics

FG Can’t Share Donated Funds To Nigerians – Lai Mohammed

Lai Mohammed, minister of information, says the federal government cannot share funds donated by the private sector to fight coronavirus to Nigerians. According to NAN, the minister gave reasons why the donated funds cannot be shared to citizens when he featured on “Politics Nationwide”, a Radio Nigeria programme, on Tuesday. Responding to a request that a part of the funds be shared to Nigerians to cushion the effect of the lockdown on them, the minister said the funds are meant for the development of healthcare infrastructure and cannot be used to provide palliatives. Mohammed said the presidential task force for the control of coronavirus neither had the money nor was in control of it, and cannot share a penny from it to anyone. “The private sector donors are not giving ...
ASUU warns Buhari against slashing health, education budgets
News

ASUU warns Buhari against slashing health, education budgets

The Academic Staff Union of Universities (ASUU) has warned President Muhammadu Buhari against cutting down the health and education budgets in the proposed 2020 revised appropriation. The union has also asked the government not to defraud the nation by muddling up budgeted social intervention funds with donated funds meant for palliatives for the vulnerable to cope with COVID-19 which has negatively affected their livelihoods. DAILY POST gathered that the federal government is proposing a slash of 50.76billion from the 111.78 billion budgeted for UBEC to bring it down to 61.02billion and a cut of 26.51billion from the 44.49billion allocated to Basic Health care to bring it down to 17.98 billion naira. But, ASUU while reacting, said the proposed cut by the government shows the gove...
‘Let’s Make Sure The Government Puts These Funds To Good Use’ – Davido Reacts To The N19 Billion Donation Made To Combat Coronavirus In Nigeria
Celebs

‘Let’s Make Sure The Government Puts These Funds To Good Use’ – Davido Reacts To The N19 Billion Donation Made To Combat Coronavirus In Nigeria

  Davido has reacted to the donations that have been made to combat Coronavirus in Nigeria, saying the government must put the funds to good use. On Friday, contributions to the Private Sector Coalition Against COVID-19 (CACOVID) set up by the Central Bank of Nigeria (CBN) to raise funds to combat Coronavirus hit N19.488 billion up from the N15.325 billion earlier collected. A breakdown of the contributions showed that the Central Bank of Nigeria and Aliko Dangote donated N2billion each, while Abdul Samad Rabiu (Bua Sugar Refinery); Segun Agbaje (GTB); Tony Elumelu (UBA); Oba Otudeko (First Bank); Jim Ovia (Zenith Bank); Herbert Wigwe (Access Bank) and Femi Otedola of Amperion Power Distribution donated N1 Billion each to the relief fund. Other donors include Pacific...
I Have Fears Covid-19 Funds Will Be Looted – Olaniyan
Interviews

I Have Fears Covid-19 Funds Will Be Looted – Olaniyan

In this interview with OLADIMEJI RAMON, Legal Adviser at Amnesty International Secretariat, London, Dr Kolawole Olaniyan, speaks about Nigeria’s handling of the COVID-19 pandemic and the right of Nigerians to quality health care What is your thought about the handling of the COVID-19 crisis by the Nigerian government? President Muhammadu Buhari government’s handling of COVID-19 pandemic has been unsatisfactory. The government initially failed to come up with a communication strategy about its plan to limit the spread of the pandemic in the country, and failed to impose travel restrictions at a time these measures would have been most effective. Then, President Buhari failed to provide the leadership required, his initial measures were limited only to issuing press releases; he did...
Mike Adenuga donates N1.5bn to COVID-19 funds
News

Mike Adenuga donates N1.5bn to COVID-19 funds

Mike Adenuga Foundation (MAF), established by a billionaire, Dr Mike Adenuga Jr., on Monday donated N1.5 billion to Federal Government and Lagos State government to support Nigeria’s fight against the global Coronavirus pandemic (COVID-19). Mrs Bella Disu, the daughter of the billionaire, presented a cheque for N500million to the Lagos State governor, Mr Babajide Sanwo-Olu, at his office at the State Secretariat, Alausa, on behalf of the Foundation on Monday. Similarly, a representative of the Foundation presented the cheque for N1billion to the Governor of Central Bank, Mr Godwin Emefiele, in Abuja. The Apex Bank is coordinating the fundraising by corporate bodies in the country. The fund is to support the initiatives aimed at combating the COVID-19 pandemic. According to t...
President Buhari Swears-in new Head of Service, Folasade Yemi-Esan
Politics

President Buhari Swears-in new Head of Service, Folasade Yemi-Esan

President Buhari today Wednesday March 4th, administered the oath of office on Dr Folasade Yemi-Esan as the new Head of the Civil Service of the Federation (HOCSF). Recall that last Friday February 28th, President Buhari confirmed Yemi-Esan as Head of the Civil Service of the Federation and also approved the retirement of Mrs Winifred Oyo-Ita, the immediate past Head of Service who is currently being investigated for alleged misappropriation of funds.
EFCC Secures Final Forfeiture of N60 Million, Prado SUV Seized from Zamfara Politician
News

EFCC Secures Final Forfeiture of N60 Million, Prado SUV Seized from Zamfara Politician

Justice Fadima Murtala Aminu of the Federal High Court, in Gusau, Zamfara State, has granted the prayers of the Economic and Financial Crimes Commission, EFCC, Sokoto Zonal Office, for the final forfeitures of N60, 000, 000 (Sixty Million Naira) cash recovered from Murtala Muhammad said to be the brother of a former Secretary to Zamfara state Government. The Commission’s Sokoto Zonal Office had on Tuesday, May 28, 2019, arrested Muhammad who was conveying the amount in four ‘Ghana-must-go’ bags inside a Black Land Cruiser Prado SUV with registration No: DKA 67 PX (Kaduna), at No.145 Igala Housing Estate, off By-pass Road Gusau, Zamfara State.   The Judge also granted the final forfeiture of the Prado SUV which was the carrier of the money, to the federal governmen...
U.S allegedly exposes and opposes Buhari administration’s plan to Hand Over $100m Abacha Loot to APC Governor, Abubakar Bagudu
Politics

U.S allegedly exposes and opposes Buhari administration’s plan to Hand Over $100m Abacha Loot to APC Governor, Abubakar Bagudu

Bloomberg reported that while the U.S. Department of Justice said Bagudu who spent six months in federal detention in Texas while awaiting extradition to the Island of Jersey was involved in corruption with Abacha, Buhari’s administration is insisting there is a 17-year-old agreement which entitles Bagudu to the recovered funds. Documents made available by the US Department of Justice revealed that the Kebbi State Governor who is a close ally of President Buhari was handed over to criminal trial in Jersey before he agreed to return $163m to Nigeria. He was subsequently released on bond to Nigeria where he was supposed to be prosecuted for money laundering, but that trial never took place. In the case involving Bagudu, the U.S. in 2013 initiated a forfeiture action against a host ...
Corp Members to now Receive N33,000 as Allowance- NYSC DG Ibrahim Shuaibu
News

Corp Members to now Receive N33,000 as Allowance- NYSC DG Ibrahim Shuaibu

Shuaibu Ibrahim the director-general of the National Youth Service Corps (NYSC) says the monthly allowance of corp members has been increased to N33,000. The NYSC boss gave the cheering news during a working visit to the NYSC secretariat in Bauchi. According to a statement released on the scheme's official Facebook page, Ibrahim said the increase is in line with the new minimum wage approved by the federal government. He said provisions for the new allowance have been made in the 2020 budget and payment would commence as soon as funds are released by the appropriate authorities. President Buhari in April 2019 signed the new minimum wage bill into law.
Governors Hijacking LG Funds Will Face Trial – Presidency
Politics

Governors Hijacking LG Funds Will Face Trial – Presidency

The Presidency yesterday said governors hijacking funds meant for their local government would face trial immediately after leaving office. The Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, according to a statement by his spokesman, Edet Etuk, gave the warning yesterday while featuring on the Federal Radio Corporation Network Service programme, “Issues of the Moment” . Enang charged the Accountant-General of the Federation and the Attorney-General of the Federation to monitor the spending of allocation of funds to the states. “Let the governors know that they would be made to stand trial in accordance to the extant law when their immunity is eventually lifted,” Enang said. He said most of the local government secretariats had been take...
FBI Scammers’ List: We’ve Found N486m And Arrested 28 ‘Yahoo Boys’ – EFCC Reveals
News

FBI Scammers’ List: We’ve Found N486m And Arrested 28 ‘Yahoo Boys’ – EFCC Reveals

According to Punch Metro, the Economic and Financial Crimes Commission has said that it has recovered $314,000 and N373m ( N486m in all) from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud. The acting Chairman of the EFCC, Ibrahim Magu, further stated that the collaboration between the commission and the FBI, led to the recovery of the funds. Magu said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the Lagos zonal office of the commission. He also disclosed that the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted. The EFCC chair further stated that “n...
Governor Nyesom Wike promises N30m reward for information that’ll lead to arrest of Bobrisky
News

Governor Nyesom Wike promises N30m reward for information that’ll lead to arrest of Bobrisky

Nyesom Wike, the governor of Rivers State has promised to give N30 million to anyone who gives useful information that will lead to the arrest of those who killed a Director with the Rivers State Government during the Choba crisis as well as the capture of notorious criminal called Bobrisky in Gokana Local Government Area.   Wike made the pledge on Thursday, August 8th when he handed over 40 Patrol Vans fitted with Communication Gadgets to Federal Special Anti-Robbery Squad (FSARS), See 4 Eye, Police Anti-Kidnapping, Police Anti-Cultism, Federal Road Safety Corps and Eagle Crime at the Government House Port Harcourt.   He also declared that the state government was fully prepared to tackle insecurity and would do everything required to protect lives and property, decl...

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