Kcee's Brother, E-Money Rocks a Skirt to an Event (Photos)

Five Star music boss, E-Money has appeared publicly in a very different style that is alien to the Nigerian culture.

E-Money

 

E-Money is the younger brother of Kcee and the CEO of Five Star Music label. He is happily married with kids.

 

This appearance is a cultural dressing of Scottish people. 

UPDATE: Photos of the NFF Head of Protocol Shot Dead this Morning in Abuja

The Glass House Head of Protocol, Ibrahim Abubakar was shot dead by armed robbers in his house in Abuja in the early hours of today, Wednesday, January 6.

The late Ibrahim Abubakar

 

Earlier this morning, we reported it here that the Head of Protocol for the Nigerian Football Federation (NFF), Ibrahim Abubakar, was shot dead by armed robbers at his Abuja residence in the Nation's capital in the early hours of today.

 

His death was officially announced by NFF via their Twitter account. Read the tweet below:

 

 

The late NFF official who was a graduate of Political Science at Ahmadu Bello University, Zaria, was happily married with 3 children.

 

 

As at the time of filing this report, the circumstances surrounding his murder is yet to be disclosed by the Nation's football regulating body.

 

The late Ibrahim with his family

 

May his soul Rest in Peace.

#Exclusive: Goods Worth Millions Destroyed as Lagos Govt. Demolishes Oshodi Market (Photos)

The popular Oshodi market in the Lagos metropolis is currently been demolished by the State government as millions of Naira worth of goods is been destroyed. We bring you the exclusive photos from the scene.

 

 

Lagos residents, traders and shop owners woke up this morning to witness yet another massive demolition at the popular Oshodi market in one of Africa's most commercial city. 

 

Online reports revealed that the Lagos State Government, yesterday shut down the market within the notorious loop of Oshodi, aimed at addressing the security challenges in the axis.

Banks to Massively Sack Staff in Second Quarter - Rewane

The looming economic crisis rocking Nigeria due to the fall in the price of crude oil in the international market which is the mainstay of the Nigerian economy, may persist longer, says economic expert.

 

Amid a worsening business environment, Deposit Money Banks (DMBs) may, “commence massive staff retrenchment in Q2 2016”, Managing Director, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has predicted.

The influential economist, who made this forecast in his firm’s projection for 2016, also stated that State governments will retrench a significant number of workers in the first quarter of this year.

He, however, predicted that, “There will be massive civil works and construction (of roads, bridges, railways) in 2016 (and) oil prices will recover to $55pb by Q2’2016.” Rewane further forecast that, the benchmark interest rate-the Monetary Policy Rate (MPR)- will be reduced to 10per cent per annum while the Cash Reserve Ratio (CRR) to 15per cent.”

According to him, “Accommodative monetary policy- lower interest rate and increase liquidity -and expansionary fiscal policy- bailout payment and N6trillion proposed budget will reflate the economy.”

Other predictions made by the FDC boss include that,“Inflation will spike to 11per cent in Q1’2016 before falling to 9per cent in Q3’2016; official rate of the naira will depreciate to N220/$ (and) parallel market rate will appreciate to N235/$.”
 

Industry sources said that although 2015 was tough, banks are bracing for an even more difficult 2016.

Tony Anenih Writes EFCC on How He Shared N260m, Implicates Another Politician...See Details

The former Board of Trustees (BOT) chairman of the Peoples' Democratic Party, Tony Anenih who is being investigated by the EFCC alongside other suspects in the controversial $2bn Arms Deal has revealed how N260m was shared.

Former PDP BOT Chair, Tony Anenih

 

The forrmer PDP Board chair Tony Anenih has explained how he disbursed the N260 million paid into his bank account from the Office of the National Security Adviser (ONSA).

 

The Economic and Financial Crimes Commission (EFCC) is of the opinion that the cash came from the allegedly misappropriated $2.1 billion arms funds.

 

Anenih wrote to the EFCC to state, among others, that he gave N63 million to a group coordinated by a former Special Assistant to former President Shehu Shagari (National Assembly Liaison), Alhaji Tanko Yakassai, for the 2015 presidential election.

 

Yakassai may be invited for interrogation over the “curious” payment, it was learnt yesterday.

 

Anenih was said to have told EFCC that he didn’t benefit from the money, but that he only shared it, following instructions.

 

The EFCC has started investigating alleged “curious” payment of N63million to a  group led by Yakassai for the 2015 elections.

 

It was learnt that the probe followed a letter to the EFCC by a former Chairman of the Board of Trustees of the PDP, Chief Tony Anenih, on how he distributed the  N260million paid into his account by the Office of the National Security Adviser(ONSA).

 

A highly-placed source in EFCC said: “Chief Tony Anenih has written the EFCC on how he disbursed N260million from ONSA to various groups including a team being coordinated by Tanko Yakassai.

 

“Anenih specifically indicated in the letter that N63million was given to Yakassai’s group. He mentioned a few others whose identities we will not disclose until our investigation has reached an appreciable stage.

 

“We will unveil the names of all the beneficiaries of the N260million soon. But we are at a level that we need to invite Yakassai to shed more light on why his group was allocated N63million arms funds.”

 

The source also added: “Besides the letter, we will invite Anenih to make a Statement on Oath and for interrogation.”

 

One of the charges against a former National Security Adviser (NSA), Col. Mohammed Sambo Dasuki and a former Director of Finance and Administration this office, Shaibu Salisu, was the transfer of N260million to Anenih.

 

The charge said: “That you Col. Mohammed Sambo Dasuki whilst being National Security Adviser and Shaibu Salisu, whilst being the Director of Finance and Administration in the Office of the National Security Adviser (ONSA)  on or about 28th November 2014  in Abuja within the jurisdiction of this Honourable Court, and in such capacities  entrusted with dominion over certain properties to wit: the sum of N260million being part of the funds in the account of the ONSA with Skye Bank Plc committed criminal breach of trust in respect of the said property when you transferred same to the bank account of Tony Anenih with First Bank of Nigeria Plc and  you thereby committed an offence punishable under Section 315 of the Penal Code Act, Cap 532, Vol.4, LFN 2004.”

We Put Prophets of Doom to Shame - Former President Jonathan

The former President Goodluck Jonathan in his recent Facebook post said prophets of doom in 2015 have been put to shame.

Former President Goodluck Jonathan

 

The immediate past President Goodluck Jonatha said that Nigerians have proved wrong those who prophesied doom in the country after the 2015 general elections.

 

Jonathan stated this on his Facebook page on Tuesday, January 5 while reacting to the honour bestowed on him by the largest newspaper in America, The African Sun Times Newspaper, which named him its International Person of the Year, 2015.

 

He also reaffirmed his belief in the country, expressing optimism that Nigeria would surmount the challenges confronting it in the new year.

 

“I thank The African Sun Times for naming me as its International Person of the year, 2015. I am indeed humbled by this honour." he said.

 

“When I think about it, I understand why this medium may have thought me worthy of such an honour. However, I believe that my people, the Nigerian people, are more deserving of this honour.

 

“We, the Nigerian people, put to shame naysayers and prophets of doom and in 2015, we held a most transparent, violence-free and credible elections that transferred power from one political party to another and from an incumbent to the opposition, without rancour, bitterness or strife.

 

“In the process, we proved that nobody’s political ambition is worth the blood of any Nigerian or any national of any country for that matter. That to me, is a most worthy testimonial of the character of the Nigerian nation and the resilience of our people, which is why I dedicate this honour to them. May God continue to bless Nigeria and Nigerians.”

Finally! See What the Federal Government is Saying About Scraping NYSC Scheme

As speculations keep growing about plans of the Nigerian government to scrap the National Youth Service Scheme, the Federal Government has come out clear on the issue.

 

The Federal government of Nigeria has stated that there is no plan to scrap the National Youth Service Corps scheme.

The Minister of Youth Development and Sports, Mr. Solomon Dalong made this disclosure in Lagos on Tuesday. Dalong said the scheme had come to stay, adding that its merits outweighed its demerits.
 

The minister said this during an inspection tour of the Lagos State NYSC orientation camp in the Iyana Ipaya area of the state on Tuesday. He stressed that the scheme had not only enhanced the socio-cultural and ethnic integration in the country but had also promoted national unity.

He said, “We cannot dismiss the gains of the NYSC scheme in integrating Nigeria; I will stand firmly for the sustenance of the system, to continue in its capacity-building of Nigeria citizens because it is an indispensable aspect of diversifying our culture.”
He said such graduates would be provided with a start-up capital at the end of the training, which according to him would indirectly stimulate interest in education.

“Apart from the basic orientation programme, the NYSC scheme should also move into including professional and enterprising programmes to support and motivate those who would not want to embrace public services in the country.

“After the mandatory one-year service, the Federal Government is planning an extension, to professionally train interested corps members in skill acquisition, enterprising and professional programmes.

“Corps members with keen interest would be retained and some financial token given to them as start-up capital in furtherance of their skill. This is because due to our research, we find out that people abandon school due to uncertainty of the future. Hence, we believe this would help reduce the unemployed graduate ratio and curtail pressure on white-collar job as a means to win the war against poverty”, he further stated.

Dalong expressed satisfaction over the state of the Lagos NYSC orientation camp, and thanked the Lagos State government for its support for the scheme.

He said, “Nigeria did not plan to have the number of graduates in this present dispensation. If we had planned effectively, the concept of NYSC camping would have started with a permanent and effective structure.

“The visionaries of the scheme did not anticipate the lifespan of the scheme after the Civil War; the implementation of the scheme was a strategy to mobilise and integrate Nigerians together, hence, the huge number of graduates each year has put much pressure on the facilities, calling for constant renovation and upgrading.”