Hi guys I know nairaland ain't the perfect Place to come asking for advice but I have no one to confide to, am this kinda person that find it hard sharing personal issues with someone I know, When I read people write about their personal love life issues I find it very funny sha..lol..
Not knowing I'll one day face mine and be forced to share it. Been dating this girl for 3 years now am in the university, 400L while she's in her 300L presently, she's always cared and loved me undoubtedly since day 1, always had back in school both financially and others too and we've always had this plan for a future together, coz I strongly believe and know our love was real. The bond we had was just so strong, suddenly I had an issue with school which brought me back though.
Sadly Had to start all over from 100L it hurts me so much, though all the time have been going through this dilemma, she's always tried encouraging me and pushed me not to give up on my dream.
I was almost thinking so negative when I had this school ish, thought about killing myself thinking the world was over. But this lady stood by me and never gave up on me and convinced me that killing my self wouldn't help matters (I was really a mess then, like a HUGE mess) didn't go out much, had to stay in school a whole year preparing all over again for jamb nd all that, tho still attending lectures.
Now, when I had this issue that was were my dreams started shattering, our future wasn't looking all bright anymore because now am starting all over again, when I'll be in my 100L she'll be in her 300L and on and on like that..
It really broke my heart, at some point she believes in me and tries to convince me things would be better and I'll definitely scale through, But most times there's just this little doubts that comes in, You Ladies are prone to marry early (and she's very cute) which is actually a huge A+, men have always been coming asking for her hand in marriage and she has always declined them.. But she ain't getting any younger, and has to get married someday, sadly she told me yesterday she really do love me so much and has always had my back always and supported me always and which is so true that she has just decided to give me some lil break so I can try sorting my self out and balancing my life and she has decided to agree to one of her suitors(the guy is quite close to her family/ he's financially stable too tho the guy has a lil kid sha I guess his a single dad) coz she's always told me about ppl asking for her hand in marriage, though they ain't getting married now, but at least she wants to face him, instead of pushing away all her suitors and in the future wen she graduates and am Still in school, it might not be easy for me to be financially stable easily, tho she begged me that Pls hope I wouldn't paint her as a bad person coz she really tried for me.
I've just been really down since she told me this and it's really affecting me so much tho what she says is sadly the truth, Have just really built my life around her and she's just the only one I confined to in school when I have issues (coz am really this typa person who don't flows and share things easily with anyone, I kinda hv trust issues) don't really know how I'll cope when Am back to school, we leave close to each other in school, and she still really wants to be friends with me and wants to always support me too. Don't really know what to do right now I really do love her so much because she's an amazing person who has just been by my side through really hard times in school, it wont be easy starting Just as friends right now, I really do have a mild heart.
Wish I could rewind the hands of the clock and correct the mistake I made that made me start all over again.. It's just really sad
Pls if I made a mistake with my typing, don't attack me.. Just really down now
Friday, 2 December 2016
CBN Illegally Funding Buhari’s Government, Says Sanusi
Muhammad Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the apex bank is illegally lending to federal government.
Sanusi also said “the problem of the current government is not having the right policies to fix the current economic woes”.
Speaking at a policy monitoring dialogue hosted by Savannah Centre for Diplomacy, Democracy and Development, at Transcorp Hilton Hotel in Abuja, Sanusi said the CBN had been lending to the government above the limits stipulated by the CBN Act of 2007.
Sanusi’s presentation showed that CBN’s lending to the government since Buhari came in had spiked from about N1.5 trillion to over N4.5 trillion.
“The CBN-FGN relationship is no longer independent. In fact, one could argue their relationship has become unhealthy,” he said.
“CBN claims on the FGN now tops N4.7 trillion — equal to almost 50% of the FGN’s total domestic debt. This is a clear violation of the Central Bank Act of 2007 (Section 38.2) which caps advances to the FGN at 5% of last year’s revenues. Has CBN become the government’s lender of last or first resort?”
He said no one was willing to lend to the Nigerian government, further stating that “if senate approved, I want to see who will lend you $30billion when you have five exchange rates”.
Sanusi said the country is enmeshed in heavy debts, stating that out of every N1 Nigeria makes, 40 kobo goes to debt and 60 kobo is left for salaries, health, education, power, infrastructure.
He said oil is merely a working capital that cannot make the country rich. Nigeria produces one barrel for 80 Nigerians; Saudi Arabia produces one for 3 Saudis, Sanusi said.
He noted that in every economy, growth is driven by “consumption, investment and net export”, adding that “our exports cannot grow, without regulatory certainty or an increase in the price of oil”.
He lamented that the country was spending money on repaying debts and also on recurrent expenditure, as against education, healthcare, power, and other infrastructure.
The emir also stated that Nigeria is the lowest per-capital spender on development in Africa.
On speaking truth to power, Sanusi said: “I cant apologise for being who I am. The government I served, I did not keep quiet. When I am not serving the government, I cannot keep quiet.”
Sanusi also said “the problem of the current government is not having the right policies to fix the current economic woes”.
Speaking at a policy monitoring dialogue hosted by Savannah Centre for Diplomacy, Democracy and Development, at Transcorp Hilton Hotel in Abuja, Sanusi said the CBN had been lending to the government above the limits stipulated by the CBN Act of 2007.
Sanusi’s presentation showed that CBN’s lending to the government since Buhari came in had spiked from about N1.5 trillion to over N4.5 trillion.
“The CBN-FGN relationship is no longer independent. In fact, one could argue their relationship has become unhealthy,” he said.
“CBN claims on the FGN now tops N4.7 trillion — equal to almost 50% of the FGN’s total domestic debt. This is a clear violation of the Central Bank Act of 2007 (Section 38.2) which caps advances to the FGN at 5% of last year’s revenues. Has CBN become the government’s lender of last or first resort?”
He said no one was willing to lend to the Nigerian government, further stating that “if senate approved, I want to see who will lend you $30billion when you have five exchange rates”.
Sanusi said the country is enmeshed in heavy debts, stating that out of every N1 Nigeria makes, 40 kobo goes to debt and 60 kobo is left for salaries, health, education, power, infrastructure.
He said oil is merely a working capital that cannot make the country rich. Nigeria produces one barrel for 80 Nigerians; Saudi Arabia produces one for 3 Saudis, Sanusi said.
He noted that in every economy, growth is driven by “consumption, investment and net export”, adding that “our exports cannot grow, without regulatory certainty or an increase in the price of oil”.
He lamented that the country was spending money on repaying debts and also on recurrent expenditure, as against education, healthcare, power, and other infrastructure.
The emir also stated that Nigeria is the lowest per-capital spender on development in Africa.
On speaking truth to power, Sanusi said: “I cant apologise for being who I am. The government I served, I did not keep quiet. When I am not serving the government, I cannot keep quiet.”
Donald Trump Appoints Adebayo Ogunlesi, A Nigerian In His Economic Advisory Team
President-Elect Donald Trump has appointed some of the best and brightest brains in the world to be on his Economic Advisory team to "Make America Great again". He appointed multibillionaires and the CEO's of fortune 500 companies such as Boeing, Walmart, JP Morgan Chase amongst others.
Of the over dozen Presidential appointments, Ondo state born Nigerian businessman Bayo Ogunlesi an Oxford and Harvard graduate who is the CEO and Founder of multibillion dollar company Global Infrastructure Partners made the list. He is also the only black man in the Advisory Committee whose father was the first Professor of Medicine in Nigeria. According to Bloomberg he is worth an estimated $900 million dollars.
See the the list of President-elect Donald Trump's economic advisory team:
Stephen Schwarzman (forum chairman), chairman, CEO, and cofounder of Blackstone
Paul Atkins, CEO of Patomak Global Partners, former commissioner of the Securities and Exchange Commission
Mary Barra, chairwoman and CEO, General Motors
Toby Cosgrove, CEO, Cleveland Clinic
Jamie Dimon, chairman and CEO, JPMorgan Chase & Co.
Larry Fink, chairman and CEO, BlackRock
Bob Iger, chairman and CEO, The Walt Disney Company
Rich Lesser, president and CEO, Boston Consulting Group
Doug McMillon, president and CEO, Wal-Mart Stores Inc.
Jim McNerney, former chairman, president, and CEO of Boeing
Adebayo "Bayo" Ogunlesi, chairman and managing partner, Global Infrastructure Partners
Ginni Rometty, chairwoman, president, and CEO of IBM
Kevin Warsh, Shepard Family Distinguished Visiting Fellow in economics at the Hoover Institute, former member of the Board of Governors of the Federal Reserve System
Mark Weinberger, global chairman and CEO, EY
Jack Welch, former chairman and CEO, General Electric
Daniel Yergin, Pulitzer Prize winner, vice chairman of IHS Markit
Of the over dozen Presidential appointments, Ondo state born Nigerian businessman Bayo Ogunlesi an Oxford and Harvard graduate who is the CEO and Founder of multibillion dollar company Global Infrastructure Partners made the list. He is also the only black man in the Advisory Committee whose father was the first Professor of Medicine in Nigeria. According to Bloomberg he is worth an estimated $900 million dollars.
See the the list of President-elect Donald Trump's economic advisory team:
Stephen Schwarzman (forum chairman), chairman, CEO, and cofounder of Blackstone
Paul Atkins, CEO of Patomak Global Partners, former commissioner of the Securities and Exchange Commission
Mary Barra, chairwoman and CEO, General Motors
Toby Cosgrove, CEO, Cleveland Clinic
Jamie Dimon, chairman and CEO, JPMorgan Chase & Co.
Larry Fink, chairman and CEO, BlackRock
Bob Iger, chairman and CEO, The Walt Disney Company
Rich Lesser, president and CEO, Boston Consulting Group
Doug McMillon, president and CEO, Wal-Mart Stores Inc.
Jim McNerney, former chairman, president, and CEO of Boeing
Adebayo "Bayo" Ogunlesi, chairman and managing partner, Global Infrastructure Partners
Ginni Rometty, chairwoman, president, and CEO of IBM
Kevin Warsh, Shepard Family Distinguished Visiting Fellow in economics at the Hoover Institute, former member of the Board of Governors of the Federal Reserve System
Mark Weinberger, global chairman and CEO, EY
Jack Welch, former chairman and CEO, General Electric
Daniel Yergin, Pulitzer Prize winner, vice chairman of IHS Markit
Tinubu Not More Than State Level APC Leader, Akeredolu Suggests
The Ondo State governor-elect, on Wednesday at the State House, suggested former Lagos Governor Bola Tinubu is not more than a state level leader of the All Progressives Congress.
So, Mr. Akeredolu said, mentioning Mr. Tinubu in his victory speech, after he specially acknowledged President Muhammadu Buhari and party chairman John Odigie-Oyegun could have necessitated inclusion of “36 or 37” leaders – referring to the 36 States of the federation and the Federal Capital Territory.
Mr. Akeredolu, accompanied by the deputy governor-elect, Agboola Ajayi, addressed journalists after meeting with Mr. Buhari, and explained why he didn’t mention Mr. Tinubu – reputed for his pivotal role in the formation of APC and emergence of Mr. Buhari – in his victory speech.
In his victory speech after he was declared winner of the election on Sunday, Mr. Akeredolu “profusely” thanked Mr. Buhari; Mr. Oyegun, the “indefatigable and principled Chairman”; and “loyal” governors and ministers – subtly hitting at South West APC leaders, including Governor Rauf Aregbesola of Osun State and his Lagos counterpart, Akinwumi Ambode, who had abandoned him during campaign, allegedly supporting Olusola Oke of Alliance for Democracy instead.
Although Messrs. Tinubu and Ambode have extended congratulations to Mr. Akeredolu, it is apparent, with his subtle denigration on Wednesday, the governor-elect is still angry he was not supported by the former Lagos Governor.
He said, “On the names that were mentioned in my speech when expressing gratitude and that I didn’t specifically thank Bola Ahmed Tinubu. I thanked the President and the leader of our party profusely for the leadership which he showed leading to this election.
“I also thanked our indefatigable chairman for standing by the truth and for his position on this matter that led to this election. I have no reason to do otherwise.
“Party structure to the best of my knowledge is very clear. You have the leadership of the party and that is represented by Chief John Odigie-Oyegun.
“After the election, a chief executive emerges, he becomes a leader of the party, you don’t have to personalise and be looking for leaders all over the place.
“If we have to do that, then I will have to mention 36 or 37 leaders. So I believe the leadership as represented by the President covers all leaders and that tells me it would include Chief Bola Ahmed Tinubu, it would include even Baba Akande, Onu, and so many leaders.
“But President Buhari is the leader of the party. So, that is my position there.”
He however denied rift with Mr. Tinubu.
“For me as a person, I believe he is one of the leaders of the party and I don’t see any strain relationship between us. And you would observe that he has sent in his congratulatory message after the election, so what else do you expect?
”I mean all of us see this as victory for the APC, not for Akeredolu, not for us an individual but for the party as a whole. I believe he is a member of the party. Mr. Femi Adesina had issued a release but you journalists just want to put words into our mouths,” said Mr. Akeredolu.
Mr. Akeredolu and his deputy were led to the President by the Chairman of APC Campaign Council in Ondo State, Governor Simon Lalong of Plateau State.
Mr. Tinubu had backed Olusegun Abraham to clinch APC ticket eventually won by Mr. Akeredolu to contest, and win, last Saturday’s governorship election.
But Mr. Akeredolu’s emergence in the primary saw aggrieved losers like Messrs Abraham and Oke petition APC appeals panel.
The panel invalidated Mr. Akeredolu’s victory but Mr. Oyegun-led National Working Committee overruled the panel, provoking a furious Mr. Tinubu to accuse his party of injustice and demand the chairman’s resignation in a strongly worded letter in which he also renounced the “honorific title” of national leader.
Mr. Tinubu later in his congratulatory message to Mr. Akeredolu called Mr. Buhari the “national leader of the party whose stature and dignity helped guide APC to another victory.”
Bola Ilori, an ex-aide to Mr. Aregbesola, staunchly pro-Tinubu, headed Mr. Oke’s campaign, and many APC card carrying members loyal to the former Lagos Governor, citing “injustice in our party” openly mobilised support for the AD’s flag bearer, fueling allegations Mr. Tinubu backed Mr. Oke who came distant third in the elections.
But the Presidency, in a statement on Monday, said Mr. Tinubu did not work against APC in Ondo, having promised Mr. Buhari he would not be involved in anti-party politics.
The statement also denied any plot against Mr. Tinubu and acknowledged him as “a priceless asset” to the APC.
Mr. Akeredolu reached the pinnacle of his career, becoming President of the Nigerian Bar Association. But in politics, he did not count much to anything when Mr. Tinubu backed him when he first aimed at becoming Ondo Governor in 2012.
But then in the 2012 poll, he came third in that election, coming behind Olusola Oke of PDP then, and Olusegun Mimiko who used Labour Party to clinch a second term
So, Mr. Akeredolu said, mentioning Mr. Tinubu in his victory speech, after he specially acknowledged President Muhammadu Buhari and party chairman John Odigie-Oyegun could have necessitated inclusion of “36 or 37” leaders – referring to the 36 States of the federation and the Federal Capital Territory.
Mr. Akeredolu, accompanied by the deputy governor-elect, Agboola Ajayi, addressed journalists after meeting with Mr. Buhari, and explained why he didn’t mention Mr. Tinubu – reputed for his pivotal role in the formation of APC and emergence of Mr. Buhari – in his victory speech.
In his victory speech after he was declared winner of the election on Sunday, Mr. Akeredolu “profusely” thanked Mr. Buhari; Mr. Oyegun, the “indefatigable and principled Chairman”; and “loyal” governors and ministers – subtly hitting at South West APC leaders, including Governor Rauf Aregbesola of Osun State and his Lagos counterpart, Akinwumi Ambode, who had abandoned him during campaign, allegedly supporting Olusola Oke of Alliance for Democracy instead.
Although Messrs. Tinubu and Ambode have extended congratulations to Mr. Akeredolu, it is apparent, with his subtle denigration on Wednesday, the governor-elect is still angry he was not supported by the former Lagos Governor.
He said, “On the names that were mentioned in my speech when expressing gratitude and that I didn’t specifically thank Bola Ahmed Tinubu. I thanked the President and the leader of our party profusely for the leadership which he showed leading to this election.
“I also thanked our indefatigable chairman for standing by the truth and for his position on this matter that led to this election. I have no reason to do otherwise.
“Party structure to the best of my knowledge is very clear. You have the leadership of the party and that is represented by Chief John Odigie-Oyegun.
“After the election, a chief executive emerges, he becomes a leader of the party, you don’t have to personalise and be looking for leaders all over the place.
“If we have to do that, then I will have to mention 36 or 37 leaders. So I believe the leadership as represented by the President covers all leaders and that tells me it would include Chief Bola Ahmed Tinubu, it would include even Baba Akande, Onu, and so many leaders.
“But President Buhari is the leader of the party. So, that is my position there.”
He however denied rift with Mr. Tinubu.
“For me as a person, I believe he is one of the leaders of the party and I don’t see any strain relationship between us. And you would observe that he has sent in his congratulatory message after the election, so what else do you expect?
”I mean all of us see this as victory for the APC, not for Akeredolu, not for us an individual but for the party as a whole. I believe he is a member of the party. Mr. Femi Adesina had issued a release but you journalists just want to put words into our mouths,” said Mr. Akeredolu.
Mr. Akeredolu and his deputy were led to the President by the Chairman of APC Campaign Council in Ondo State, Governor Simon Lalong of Plateau State.
Mr. Tinubu had backed Olusegun Abraham to clinch APC ticket eventually won by Mr. Akeredolu to contest, and win, last Saturday’s governorship election.
But Mr. Akeredolu’s emergence in the primary saw aggrieved losers like Messrs Abraham and Oke petition APC appeals panel.
The panel invalidated Mr. Akeredolu’s victory but Mr. Oyegun-led National Working Committee overruled the panel, provoking a furious Mr. Tinubu to accuse his party of injustice and demand the chairman’s resignation in a strongly worded letter in which he also renounced the “honorific title” of national leader.
Mr. Tinubu later in his congratulatory message to Mr. Akeredolu called Mr. Buhari the “national leader of the party whose stature and dignity helped guide APC to another victory.”
Bola Ilori, an ex-aide to Mr. Aregbesola, staunchly pro-Tinubu, headed Mr. Oke’s campaign, and many APC card carrying members loyal to the former Lagos Governor, citing “injustice in our party” openly mobilised support for the AD’s flag bearer, fueling allegations Mr. Tinubu backed Mr. Oke who came distant third in the elections.
But the Presidency, in a statement on Monday, said Mr. Tinubu did not work against APC in Ondo, having promised Mr. Buhari he would not be involved in anti-party politics.
The statement also denied any plot against Mr. Tinubu and acknowledged him as “a priceless asset” to the APC.
Mr. Akeredolu reached the pinnacle of his career, becoming President of the Nigerian Bar Association. But in politics, he did not count much to anything when Mr. Tinubu backed him when he first aimed at becoming Ondo Governor in 2012.
But then in the 2012 poll, he came third in that election, coming behind Olusola Oke of PDP then, and Olusegun Mimiko who used Labour Party to clinch a second term
Corper Ifedolapo Oladepo Did Not Die In Kano Camp - NYSC Shares Story
THE National Youth Service Corp (NYSC) has, on Friday cleared air over the controversial death of a First Class graduate of Transport Management, Ifedolapo Oladepo from Ladoke Akintola University of Technology, Osogbo at its orientation camp in Kano State.
In an exclusive chat with Vanguard , the KANO Coordinator of NYSC, Abdullahi Baba said that the late Coper died in a Government hospital.
“The truth of the matter was that the Coper did not died at the camp, she died in the hospital. She was sick, treated at the camp clinic, and when she was not responding, she was taken to second facility hospital at Gwarzo General hospital “.
Speaking further, the state Coordinator “I have reported the matter to my Head office, she was handled by our doctors in the camp before she was transferred to Government hospital.”
He distanced the Camp management from the Coper’s death stressing that “we have nothing to do with her death, the records and the file are there, the Doctors that treated her at the camp are there likewise those that treated her in her at the Government hospital”.
The Coordinator declared that “anything outside this account is falsehood and people are free to hold opinion whether positive or negative but the beautiful things are that the records there for anyone to access “.
Abdullahi Baba who ruled out negligence on the part of NYSC management said “her case was handled by professional and I believe they know better.
In an exclusive chat with Vanguard , the KANO Coordinator of NYSC, Abdullahi Baba said that the late Coper died in a Government hospital.
“The truth of the matter was that the Coper did not died at the camp, she died in the hospital. She was sick, treated at the camp clinic, and when she was not responding, she was taken to second facility hospital at Gwarzo General hospital “.
Speaking further, the state Coordinator “I have reported the matter to my Head office, she was handled by our doctors in the camp before she was transferred to Government hospital.”
He distanced the Camp management from the Coper’s death stressing that “we have nothing to do with her death, the records and the file are there, the Doctors that treated her at the camp are there likewise those that treated her in her at the Government hospital”.
The Coordinator declared that “anything outside this account is falsehood and people are free to hold opinion whether positive or negative but the beautiful things are that the records there for anyone to access “.
Abdullahi Baba who ruled out negligence on the part of NYSC management said “her case was handled by professional and I believe they know better.
Lagos State Becomes The 5th Largest Economy In Africa
Lagos State has emerged as the fifth largest economy in Africa, consequent upon which, Governor Akinwunmi Ambode, disclosed that his administration is in the process of setting up an Economic Management Team, EMT, comprising distinguished individuals from the private sector and the public sector to manage the economy efficiently.
Lagos State Governor, Mr. Akinwunmi Ambode has expressed delight at the emergence of Lagos as the fifth largest economy in Africa, just as he said his administration is in the process of setting up an Economic Management Team comprised of distinguished individuals from the private sector and the public sector to manage and scale up the successes recorded in that direction.
Governor Ambode, who spoke at the Lagos House in Ikeja when he received a delegation from the Nigerian-British Chamber of Commerce on courtesy visit, said the emergence of Lagos was very instructive, adding that government would explore synergy with private sector with the view to catapult Lagos into a true global city-state in the true sense of the word.
Lagos State Governor, Mr. Akinwunmi Ambode has expressed delight at the emergence of Lagos as the fifth largest economy in Africa, just as he said his administration is in the process of setting up an Economic Management Team comprised of distinguished individuals from the private sector and the public sector to manage and scale up the successes recorded in that direction.
Governor Ambode, who spoke at the Lagos House in Ikeja when he received a delegation from the Nigerian-British Chamber of Commerce on courtesy visit, said the emergence of Lagos was very instructive, adding that government would explore synergy with private sector with the view to catapult Lagos into a true global city-state in the true sense of the word.
Nigeria will not seperate, People suing for Biafra should drop the idea - Buhari
President Muhammadu Buhari has again reiterated the essence of the unity of Nigeria, urging those contemplating its break-up to have a rethink.
Speaking at a meeting with the Council of South-East Traditional Rulers at the State House on Thursday, President Buhari warned that the question of having another country out of Nigeria was misplaced.
“The question of having another country out of Nigeria is going to be very difficult. From 1914, we have more than 200 cultures living with one another. God had endowed this country with natural resources and talented people. We should concentrate on these and be very productive,” the President said.
Addressing specific issues raised in the address by the traditional rulers, the President gave assurance that the South-East will also benefit from the new railway architecture being put in place by his administration.
On their request for more representation for the South-East in his government, the President said that he was “very conscious of the sensitivities of the South East”, on account of which, he gave the region's four out of five states Senior ranking Ministers in the Federal Cabinet.
President Buhari used the occasion to appreciate the good work of the Ministers from the region in the federal government, saying that they are doing very well for the country.
He appealed to the traditional rulers from the South East to persuade their people to give his government a chance and to continue to serve as beacons of culture and traditions of their people.
The President assured the delegation that kidnapping and cattle rustling, which he described as "unfortunate" will be the government’s next target, now that “we have managed to calm down the North-East.”
In taking note of the profuse commendation for his administration’s war against corruption and insecurity by the traditional rulers, President Buhari expressed frustration at the endless nature of some ongoing trials, citing some of the cases as going far back to the tenure of former President Olusegun Obasanjo.
“We are asking the judiciary to clean itself. Nigerians are tired of waiting. They want some actions,” he lamented.
The President said he hoped that the Acting Chief Justice of Nigeria and Attorney-General of the Federation will come to some form of agreement by which specially designated courts will give accelerated hearing to some corruption cases that are pending, arguing that “we want Nigerians to know we are serious.”
Earlier in his address, the Chairman of the South East Council of Traditional Rulers, His Royal Majesty, Eze (Dr) Eberechi N. Dick (JP), had made requests for roads, other projects among other issues, even as he assured the President of their support for his leadership and programmes.
FG Orders CBN, NPA, 15 Others To Refund The N450bn Unremitted Revenue..
Seventeen revenue-generating agencies have been summoned for a meeting to tender proposals on how they intend to repay N450 billion unremitted operating surplus into the Consolidated Revenue Fund (CRF).
The federal government about two weeks ago announced the setting up of a committee to recover the unremitted operating surpluses from the agencies.
This is just as the federal government unveiled plans of a new financing model for its universities and hospitals, taking into consideration their funding model and requirements, in a bid to entrench better controls and improved service delivery.
Briefing journalists in Abuja yesterday on government’s independent revenue sources, the Minister of Finance, Mrs. Kemi Adeosun, disclosed that of the projected N1.5 trillion revenue target from such sources for the year, a total of N272.03 billion had been generated between January and October 2016.
Adeosun said in order to control leakages and increase revenue generation several measures had been adopted, including putting in place a new financing model for federal government-owned universities and hospitals.
According to her, the accounts of 33 government agencies had been audited for the periods 2010 to 2015, with 17 of them found to have defaulted in remitting an operating surplus totalling N450 billion.
The defaulting agencies are the Central Bank of Nigeria (CBN), Nigeria Shippers Council (NSC), Nigeria Export Promotion Council (NEPC), National Health Insurance Scheme (NHIS), Nigeria Civil Aviation Authority (NCAA), Nigerian Communications Commission (NCC), Nigeria Postal Service (NPS), National Information Technology and Development Agency (NITDA) and Nigeria Television Authority (NTA).
Others are Bureau of Public Enterprises (BPE), National Pensions Commission (PenCom), Nigeria Bulk Electricity Trading Plc (NBET), Raw Material Research & Development Council (RMRDC) and Nigeria Ports Authority (NPA).
Also on the defaulters’ list are the Nigeria Export Processing Zones Authority (NEPZA), Federal Radio Corporation of Nigeria (FRCN) and Council for the Regulation of Engineering in Nigeria (COREN).
Curiously, three agencies listed among the defaulters, in a press statement two weeks ago by the Ministry of Finance, were not included on the list of 17 released yesterday.
They are the Securities and Exchange Commission (SEC), National Agency for Drugs Administration and Control (NAFDAC) and Petroleum Technology Development Fund (PTDF).
The central bank, reacting, also stated it has always complied with the statutes requiring it to remit its operating surplus to the CRF.
A deputy governor who spoke to THISDAY on the phone last night said the finance ministry must have been mistaken including the CBN as one of such agencies that had failed to remit its operating surplus.
“For instance, in 2015, we reported an operating surplus of N108 billion, of which over N80 billion was paid into the Consolidated Revenue Fund, being 80 per cent of the amount that the CBN reported as its operating surplus.
“So the Ministry of Finance must be mistaken, as we have always complied by remitting 80 per cent of our operating surplus to the CRF as required by law,” the deputy governor, who did not want to be named, informed THISDAY.
Adeosun said the 17 affected agencies had been issued notices to come up with proposals on how to repay the unremitted operating surpluses, adding that the agencies in question are to appear for a meeting on December 6 with the committee set up to recover the funds, which is headed by the Accountant General of the Federation, Ahmed Idris.
The Idris committee has been saddled with the task of recovering the outstanding N450 billion, as well as initiating bilateral discussions and undertaking impromptu visits on revenue agencies, going forward.
Adeosun observed that the Fiscal Responsibility Act, 2007 (FRA) was designed to provide guidelines and controls to elicit greater accountability and transparency in fiscal operations.
She, however, regretted that “actual compliance with the provisions of the Act has been poor resulting in revenue leakages as confirmed by our audit findings including the Central Bank of Nigeria (CBN), Nigeria Shippers Council, Nigeria Export Promotion Council, National Health Insurance Scheme”.
The minister listed areas where the revenue agencies had breached the FRA provision as non–remittance and under-remittance of operating surpluses due to the CRF; operating without an approved budget; overstating of budgets and spending above budgeted amounts; under reporting of revenues; making payments without invoices and absence of payment receipts, and failure to retire cash advances.
Others are granting loans and grants to parent companies without prior approvals; poor book keeping; failure to reconcile accounts and existence of irreconcilable differences; lack of fixed asset registers and sale of assets to staff; fixed asset register not updated with all items purchased; and purchase of fixed assets directly from internally generated revenue; among others.
In an effort to plug leakages and enhance revenue from independent sources, the minister said the federal government decided to increase the number of government agencies required to comply with the strict provisions of the FRA, including remitting 80 per cent of their operating surpluses.
According to her, a circular on the inclusion of 92 additional corporations, agencies and government-owned companies to the schedule of the Act was issued on November 21, 2016.
She also disclosed that henceforth, all government agencies are to submit a budget to be approved by the National Assembly and to improve the quality of their budgeting processes.
A circular, she said, had already been issued requesting the agencies to submit for review and approval, estimates of revenues and expenses for the next three financial years, annual budgets (IPSAS-compliant), as well as projected operating surpluses.
Adeosun also stated that a review team had been set up to evaluate submitted estimates before the budget submission to the National Assembly.
She warned that agencies that fail to review and approve their budgets as advised would be restricted to payment of salaries until the budget is regularised.
According to her, the circular was issued on November 22 with agencies given seven days to comply, adding that “this circular is backed by an Executive Order of Mr. President”.
The minister also disclosed that a circular was issued on the approved template for the computation of operating surpluses.
Responding to questions, the minister said since the move to recover the unremitted operating surpluses commenced, some agencies had started making remittances to the CRF, adding that N640 million had been received from the NSC.
On what sanctions the government would mete out to agencies that are in breach of remittances of operating surpluses besides recovering the unremitted revenue, the minister stated that all the audit reports had been sent to parent ministries.
She added that cases that needed to be referred to the Economic and Financial Crimes Commission (EFCC) would be channelled appropriately.
Adeosun also said some of the unremitted surpluses of the agencies might be part of the funds in the Treasury Single Account (TSA), adding that once they present their repayment proposals, a mutually suitable window would be conceded to them.
The federal government about two weeks ago announced the setting up of a committee to recover the unremitted operating surpluses from the agencies.
This is just as the federal government unveiled plans of a new financing model for its universities and hospitals, taking into consideration their funding model and requirements, in a bid to entrench better controls and improved service delivery.
Briefing journalists in Abuja yesterday on government’s independent revenue sources, the Minister of Finance, Mrs. Kemi Adeosun, disclosed that of the projected N1.5 trillion revenue target from such sources for the year, a total of N272.03 billion had been generated between January and October 2016.
Adeosun said in order to control leakages and increase revenue generation several measures had been adopted, including putting in place a new financing model for federal government-owned universities and hospitals.
According to her, the accounts of 33 government agencies had been audited for the periods 2010 to 2015, with 17 of them found to have defaulted in remitting an operating surplus totalling N450 billion.
The defaulting agencies are the Central Bank of Nigeria (CBN), Nigeria Shippers Council (NSC), Nigeria Export Promotion Council (NEPC), National Health Insurance Scheme (NHIS), Nigeria Civil Aviation Authority (NCAA), Nigerian Communications Commission (NCC), Nigeria Postal Service (NPS), National Information Technology and Development Agency (NITDA) and Nigeria Television Authority (NTA).
Others are Bureau of Public Enterprises (BPE), National Pensions Commission (PenCom), Nigeria Bulk Electricity Trading Plc (NBET), Raw Material Research & Development Council (RMRDC) and Nigeria Ports Authority (NPA).
Also on the defaulters’ list are the Nigeria Export Processing Zones Authority (NEPZA), Federal Radio Corporation of Nigeria (FRCN) and Council for the Regulation of Engineering in Nigeria (COREN).
Curiously, three agencies listed among the defaulters, in a press statement two weeks ago by the Ministry of Finance, were not included on the list of 17 released yesterday.
They are the Securities and Exchange Commission (SEC), National Agency for Drugs Administration and Control (NAFDAC) and Petroleum Technology Development Fund (PTDF).
The central bank, reacting, also stated it has always complied with the statutes requiring it to remit its operating surplus to the CRF.
A deputy governor who spoke to THISDAY on the phone last night said the finance ministry must have been mistaken including the CBN as one of such agencies that had failed to remit its operating surplus.
“For instance, in 2015, we reported an operating surplus of N108 billion, of which over N80 billion was paid into the Consolidated Revenue Fund, being 80 per cent of the amount that the CBN reported as its operating surplus.
“So the Ministry of Finance must be mistaken, as we have always complied by remitting 80 per cent of our operating surplus to the CRF as required by law,” the deputy governor, who did not want to be named, informed THISDAY.
Adeosun said the 17 affected agencies had been issued notices to come up with proposals on how to repay the unremitted operating surpluses, adding that the agencies in question are to appear for a meeting on December 6 with the committee set up to recover the funds, which is headed by the Accountant General of the Federation, Ahmed Idris.
The Idris committee has been saddled with the task of recovering the outstanding N450 billion, as well as initiating bilateral discussions and undertaking impromptu visits on revenue agencies, going forward.
Adeosun observed that the Fiscal Responsibility Act, 2007 (FRA) was designed to provide guidelines and controls to elicit greater accountability and transparency in fiscal operations.
She, however, regretted that “actual compliance with the provisions of the Act has been poor resulting in revenue leakages as confirmed by our audit findings including the Central Bank of Nigeria (CBN), Nigeria Shippers Council, Nigeria Export Promotion Council, National Health Insurance Scheme”.
The minister listed areas where the revenue agencies had breached the FRA provision as non–remittance and under-remittance of operating surpluses due to the CRF; operating without an approved budget; overstating of budgets and spending above budgeted amounts; under reporting of revenues; making payments without invoices and absence of payment receipts, and failure to retire cash advances.
Others are granting loans and grants to parent companies without prior approvals; poor book keeping; failure to reconcile accounts and existence of irreconcilable differences; lack of fixed asset registers and sale of assets to staff; fixed asset register not updated with all items purchased; and purchase of fixed assets directly from internally generated revenue; among others.
In an effort to plug leakages and enhance revenue from independent sources, the minister said the federal government decided to increase the number of government agencies required to comply with the strict provisions of the FRA, including remitting 80 per cent of their operating surpluses.
According to her, a circular on the inclusion of 92 additional corporations, agencies and government-owned companies to the schedule of the Act was issued on November 21, 2016.
She also disclosed that henceforth, all government agencies are to submit a budget to be approved by the National Assembly and to improve the quality of their budgeting processes.
A circular, she said, had already been issued requesting the agencies to submit for review and approval, estimates of revenues and expenses for the next three financial years, annual budgets (IPSAS-compliant), as well as projected operating surpluses.
Adeosun also stated that a review team had been set up to evaluate submitted estimates before the budget submission to the National Assembly.
She warned that agencies that fail to review and approve their budgets as advised would be restricted to payment of salaries until the budget is regularised.
According to her, the circular was issued on November 22 with agencies given seven days to comply, adding that “this circular is backed by an Executive Order of Mr. President”.
The minister also disclosed that a circular was issued on the approved template for the computation of operating surpluses.
Responding to questions, the minister said since the move to recover the unremitted operating surpluses commenced, some agencies had started making remittances to the CRF, adding that N640 million had been received from the NSC.
On what sanctions the government would mete out to agencies that are in breach of remittances of operating surpluses besides recovering the unremitted revenue, the minister stated that all the audit reports had been sent to parent ministries.
She added that cases that needed to be referred to the Economic and Financial Crimes Commission (EFCC) would be channelled appropriately.
Adeosun also said some of the unremitted surpluses of the agencies might be part of the funds in the Treasury Single Account (TSA), adding that once they present their repayment proposals, a mutually suitable window would be conceded to them.
EFCC: N2.8b Cash For Ex-militants’ Stipends Withdrawn 35 Times
Economic and Financial Crimes Commission (EFCC) detectives have uncovered how N2.8billion meant for the training of ex-Niger Delta militants was das withdrawn 35 times, alleged orders of a former Coordinator of the Presidential Amnesty Programme, Kingsley Kuku.
The funds were converted to dollars by six bureau de change and disbursed through Kuku’s two aides.
Some of the funds were wired into the accounts of the brothers and associates of a former coordinator of the scheme, Dr. Kingsley Kuku and some former militants
The EFCC has launched a manhunt for Kuku who is believed to be in the United States.
Kuku, a former Deputy Speaker of the House of Representatives, Prince Chibudom Nwuche; Nwuche’s group, Foundation For Youth Development(FYD) and two others are under investigation on how the cash was disbursed and the purpose for which it was spent.
But Nwuche has denied any complicit in the matter.
A document obtained by our correspondent shows that the cash, which was meant for contracts was converted to dollars between March 26, 2012 and March 5, 2013.
Although there were conflicting claims on what the cash was spent on, the EFCC is probing clues that the money might have been laundered.
Two former aides of Kuku and six Bureau de Change dealers are under probe.
Some of the curious withdrawals are as follows: 9/10/ 12- $2m withdrawn through Shilon BDC; 21/ 11/ 12—$1.4m from Abdullahi BDC; 26/3/12—$1m paid through DLH BDC Limited to Kuku’s aide, Dr. Andrew Iyamu; 4/5/12 ($500,000); 22/11/12-cash of $1.2m through Gadlam Global Investment;
$721,000 cash handed over to Andrew on 5/3/2013 through Skyegate BDC; 17/4/13-cash of $2m through Cannew Nigeria Limited handed over to Kuku’s aide; and 19/4/13- about $758,000 handed over to Andrew by Hand to Hand BDC.
Other withdrawals include22/11/12——$300,000; 11/08/12- cash of $695,000; 11/9/12—$137,908; 20/11/12—$435,000; $500,000 through Nigare BDC;
A top source, who spoke in confidence, said: “We have interrogated some people, including a former Deputy Speaker, Nwuche. We need to hear from Kuku who has fled under the guise of medical treatment. The disbursement of the funds by the Foundation For Youth Development(FYD) was said to be based on the instructions of Kuku.
“We might be forced to declare the former coordinator of the Presidential Amnesty Programme wanted.”
Responding to a question, the source added: “The N2.8billion was the payment for three contracts to be executed by FYD for the training of ex-militants on some vocational skills abroad. But the jobs were yet to be done.
“The FYD claimed that the ex-Coordinator of the Presidential Amnesty Programme, Kuku, pleaded that the cash be advanced as a loan to meet urgent demands of ex-militants and prevent restiveness in the region.
“But there is no record of the loan in the handover note of Kuku. We are asking FYD and Kuku to explain how such a huge cash was spent.
“The EFCC is determined to recover the N2.8billion public funds. We will get to the root of how this cash was shared out for nothing.”
In a memo to the Joint Committee on Public Procurement and Niger Delta Affairs, the FYD explained its roles in the disbursement of the cash.
“We have provided copious documentary evidence to prove that FYD was, as it now appears, defrauded by Kingsley Kuku and indeed the victim in this scam.
”Perhaps the time has come to put official pressure on all those mentioned to have collected the monies. They seem to think that it is just the pressure from our client, hence the apparent lack of traction from the EFCC to bring them to book.
“We partner as training facilitators to the Office of Special Adviser to the President on Niger Delta Affairs and to this end, we have completed three contracts awarded to us for the training of ex-militant in Tati University College, Malaysia(50); Haiphong Polytechnic College, Vietnam(183) and World Maritime University and Copenhagen Malmo Maritime Academy, Sweden(72).
“We received various requests for loan for the payment of stipends to the ex-militants and their leaders and various stakeholders in support of the government Amnesty Programme and made disbursement to the tune of N2,864,584,979 on the instruction of the Special Adviser to the President, Hon. Kingsley Kuku between 26th of March 2012 and 3rd of May 2013.
“These requests were made by Kuku to the Chairman of FYD, Prince Chibudom Nwuche. The sum was disbursed to some beneficiaries known to Kuku and his intermediary, Dr. Andrew Iyamu who was introduced to us as liaison officer on ex-militants and stakeholders matter. The period of these last disbursements was between the 10th of September 22 and 3rd of May 2013.
“On the 7th of December 2012, we demanded for refund of sum advanced and on the 21st of June 2013, we requested for the liquidation disbursement of the N2,864,584,979.
“Kuku complained of shortfall in budget passed by the National Assembly and promised to refund when supplementary budget is passed.
“We progressed with the screening of the delegates after substitution of training institutions, procured international passports, secured admission letters, made deposit for admission space and accommodation. When screening was being done, we sent another reminder to Kuku on 4th September, 2014. But a mail was received from Amnesty Office through Mr. Lewis Ekiyor to stop issuance of delegates to FYD.”
However, Kuku vehemently denied ever directly or indirectly collecting any money from Nwuche’s firm, wondering why he would ever contemplate doing so when the PAP was properly funded during his tenure as the SA.
He said: “I want to put it on record that the PAP gave contract to Nwuche’s firm, FYD, for the training of our delegates but I did not at any time collect a dime from him or through anybody either as loan or kickback.
“Nwuche is simply trying to blackmail me for the good thing I did for him but I will soon meet him in court so that he can challenge me with the evidence of how I demanded and collected loan from him and his company.”
The funds were converted to dollars by six bureau de change and disbursed through Kuku’s two aides.
Some of the funds were wired into the accounts of the brothers and associates of a former coordinator of the scheme, Dr. Kingsley Kuku and some former militants
The EFCC has launched a manhunt for Kuku who is believed to be in the United States.
Kuku, a former Deputy Speaker of the House of Representatives, Prince Chibudom Nwuche; Nwuche’s group, Foundation For Youth Development(FYD) and two others are under investigation on how the cash was disbursed and the purpose for which it was spent.
But Nwuche has denied any complicit in the matter.
A document obtained by our correspondent shows that the cash, which was meant for contracts was converted to dollars between March 26, 2012 and March 5, 2013.
Although there were conflicting claims on what the cash was spent on, the EFCC is probing clues that the money might have been laundered.
Two former aides of Kuku and six Bureau de Change dealers are under probe.
Some of the curious withdrawals are as follows: 9/10/ 12- $2m withdrawn through Shilon BDC; 21/ 11/ 12—$1.4m from Abdullahi BDC; 26/3/12—$1m paid through DLH BDC Limited to Kuku’s aide, Dr. Andrew Iyamu; 4/5/12 ($500,000); 22/11/12-cash of $1.2m through Gadlam Global Investment;
$721,000 cash handed over to Andrew on 5/3/2013 through Skyegate BDC; 17/4/13-cash of $2m through Cannew Nigeria Limited handed over to Kuku’s aide; and 19/4/13- about $758,000 handed over to Andrew by Hand to Hand BDC.
Other withdrawals include22/11/12——$300,000; 11/08/12- cash of $695,000; 11/9/12—$137,908; 20/11/12—$435,000; $500,000 through Nigare BDC;
A top source, who spoke in confidence, said: “We have interrogated some people, including a former Deputy Speaker, Nwuche. We need to hear from Kuku who has fled under the guise of medical treatment. The disbursement of the funds by the Foundation For Youth Development(FYD) was said to be based on the instructions of Kuku.
“We might be forced to declare the former coordinator of the Presidential Amnesty Programme wanted.”
Responding to a question, the source added: “The N2.8billion was the payment for three contracts to be executed by FYD for the training of ex-militants on some vocational skills abroad. But the jobs were yet to be done.
“The FYD claimed that the ex-Coordinator of the Presidential Amnesty Programme, Kuku, pleaded that the cash be advanced as a loan to meet urgent demands of ex-militants and prevent restiveness in the region.
“But there is no record of the loan in the handover note of Kuku. We are asking FYD and Kuku to explain how such a huge cash was spent.
“The EFCC is determined to recover the N2.8billion public funds. We will get to the root of how this cash was shared out for nothing.”
In a memo to the Joint Committee on Public Procurement and Niger Delta Affairs, the FYD explained its roles in the disbursement of the cash.
“We have provided copious documentary evidence to prove that FYD was, as it now appears, defrauded by Kingsley Kuku and indeed the victim in this scam.
”Perhaps the time has come to put official pressure on all those mentioned to have collected the monies. They seem to think that it is just the pressure from our client, hence the apparent lack of traction from the EFCC to bring them to book.
“We partner as training facilitators to the Office of Special Adviser to the President on Niger Delta Affairs and to this end, we have completed three contracts awarded to us for the training of ex-militant in Tati University College, Malaysia(50); Haiphong Polytechnic College, Vietnam(183) and World Maritime University and Copenhagen Malmo Maritime Academy, Sweden(72).
“We received various requests for loan for the payment of stipends to the ex-militants and their leaders and various stakeholders in support of the government Amnesty Programme and made disbursement to the tune of N2,864,584,979 on the instruction of the Special Adviser to the President, Hon. Kingsley Kuku between 26th of March 2012 and 3rd of May 2013.
“These requests were made by Kuku to the Chairman of FYD, Prince Chibudom Nwuche. The sum was disbursed to some beneficiaries known to Kuku and his intermediary, Dr. Andrew Iyamu who was introduced to us as liaison officer on ex-militants and stakeholders matter. The period of these last disbursements was between the 10th of September 22 and 3rd of May 2013.
“On the 7th of December 2012, we demanded for refund of sum advanced and on the 21st of June 2013, we requested for the liquidation disbursement of the N2,864,584,979.
“Kuku complained of shortfall in budget passed by the National Assembly and promised to refund when supplementary budget is passed.
“We progressed with the screening of the delegates after substitution of training institutions, procured international passports, secured admission letters, made deposit for admission space and accommodation. When screening was being done, we sent another reminder to Kuku on 4th September, 2014. But a mail was received from Amnesty Office through Mr. Lewis Ekiyor to stop issuance of delegates to FYD.”
However, Kuku vehemently denied ever directly or indirectly collecting any money from Nwuche’s firm, wondering why he would ever contemplate doing so when the PAP was properly funded during his tenure as the SA.
He said: “I want to put it on record that the PAP gave contract to Nwuche’s firm, FYD, for the training of our delegates but I did not at any time collect a dime from him or through anybody either as loan or kickback.
“Nwuche is simply trying to blackmail me for the good thing I did for him but I will soon meet him in court so that he can challenge me with the evidence of how I demanded and collected loan from him and his company.”
Billionaires: Donald Trump's Cabinet, The Richest In Modern History
Bring on the Billionaires: Donald Trump's cabinet is the richest in modern history with a combined wealth of $10 BILLION (excluding the man himself).
Donald Trump is assembling a team of like-minded billionaires and millionaires to be a part of his administration's cabinet.
The members of his team are so wealthy that the Washington Post is already calling Trump's cabinet the richest in modern history.
Trump, who himself is worth an estimated $3.7billion according to Forbes although he has said he is worth far more has picked the daughter of a shipping magnate, the co-owner of the Chicago Cubs and some of the richest people in the US.
Donald Trump is assembling a team of like-minded billionaires and millionaires to be a part of his administration's cabinet.
The members of his team are so wealthy that the Washington Post is already calling Trump's cabinet the richest in modern history.
Trump, who himself is worth an estimated $3.7billion according to Forbes although he has said he is worth far more has picked the daughter of a shipping magnate, the co-owner of the Chicago Cubs and some of the richest people in the US.
Court Orders MTN To Pay 63 Sacked Staff 4yrs & Post-disengagement Salary
The Lagos Division of the National Industrial Court has ordered MTN Nigeria Communications to pay full four years post-disengagement salaries to 63 workers, who were laid off by the company in 2009, Punch reports.
The court presided over by Justice P.O. Lifu orderd MTN to pay judgment credit sum within 30 days from October 26, 2016 when the judgment was delivered, failing which the judgment credit would attract an annual interest of 10 per cent. The court also awarded additional N10,000 against MTN in favour of each of the 63 workers to cover the cost of filing the suit numbered NICN/LA/596/2013.
The claimants in the suit are Harrison Ossai, Gabriel Ameh and Stephen Mahaja, who sued on behalf of themselves and 60 other workers laid off by MTN with the condition that they must never work with any other telecommunication company for four years after their disengagement. The claimants had, in their suit, claimed to have been subjected to financial hardship on account of the restraint of trade imposed on them by MTN.
Ossai, in his testimony before the court, said the trade restraint imposed by MTN bungled his chances of being employed by Globacom and Airtel, which were other telecommunication companies, adding that after being sacked by MTN, he was jobless for six years. Like other claimants, he urged the court to order MTN to pay him N10m and another N20m for filing the suit.
In his judgment, Justice Lifu said he was “satisfied that the claimants had proved their claims before the court as to the oppressive and unreasonableness of the restraint of trade covenant for four years for making and leaving the claimants hard and dry for four years.”
The judge held, “Terminating the employment of the claimants and at the same time restricting them from seeking any employment from the sector generally and preventing them to be acting as agents or adviser or to engage in any other concern directly or indirectly for four years is clearly unreasonable in the light of global economic challenges occasioned by recession, which has resulted in mass unemployment.”
The judge ruled that each of the workers was entitled to be paid his last gross salary for four years after being sacked and ordered MTN to pay with an additional N10,000 each as cost.
The court presided over by Justice P.O. Lifu orderd MTN to pay judgment credit sum within 30 days from October 26, 2016 when the judgment was delivered, failing which the judgment credit would attract an annual interest of 10 per cent. The court also awarded additional N10,000 against MTN in favour of each of the 63 workers to cover the cost of filing the suit numbered NICN/LA/596/2013.
The claimants in the suit are Harrison Ossai, Gabriel Ameh and Stephen Mahaja, who sued on behalf of themselves and 60 other workers laid off by MTN with the condition that they must never work with any other telecommunication company for four years after their disengagement. The claimants had, in their suit, claimed to have been subjected to financial hardship on account of the restraint of trade imposed on them by MTN.
Ossai, in his testimony before the court, said the trade restraint imposed by MTN bungled his chances of being employed by Globacom and Airtel, which were other telecommunication companies, adding that after being sacked by MTN, he was jobless for six years. Like other claimants, he urged the court to order MTN to pay him N10m and another N20m for filing the suit.
In his judgment, Justice Lifu said he was “satisfied that the claimants had proved their claims before the court as to the oppressive and unreasonableness of the restraint of trade covenant for four years for making and leaving the claimants hard and dry for four years.”
The judge held, “Terminating the employment of the claimants and at the same time restricting them from seeking any employment from the sector generally and preventing them to be acting as agents or adviser or to engage in any other concern directly or indirectly for four years is clearly unreasonable in the light of global economic challenges occasioned by recession, which has resulted in mass unemployment.”
The judge ruled that each of the workers was entitled to be paid his last gross salary for four years after being sacked and ordered MTN to pay with an additional N10,000 each as cost.
Babymama Stabbed Babydady & Wants Him Dead
This lady is really a devil ... I have been taking care of this Dam for one and half years now .. paying her bills and everything .. I have prove for everything cause I know after this she will say her own side of the story ....
the girl had a baby for me then want to turn me to mungun (fool) and started acting funny after she gave birth to the baby I tried a lot and all my best to work things out for both of us but Dam will Always act like one ..
am giving her 15,000 naira every Monday cause of the baby she had for me and this fool still call me useless man cause i ain't ready to let her turn me to fool ... she gave birth to the baby last year December 11th and since then I have been paying 22,500naira every
month for the baby day care fee for a year now ..
so this last week this Dam came back from school and told me have to pay December fees from November and I told her I don't have any money now that whenever I have am going to pay it .. not knowing this Dam been paying 5500 naira every month for the baby day care after am giving her own money 15k naira per week ( every damn Monday ) so I decided to call the day care last weekend and talk to the person incharge of the day care and the woman told me it was just 5500 my baby been paying for the day care ..
I was so shocked and I did not say a poo I told this girl I don't have a any money to give her again and the Dam stabbed me with knife then lock the door from the back telling me she wants me dead ..
my friend was there inside house with us ...I wanted to make calls and tell people what's going on In the house she collected my phone and brake the screen..
this Dam frustrated me she wanted me to raise my hand on her so that she can be telling her fake was friends am a woman beater .. I did not do anything or say a poo .. she left the house i went to the hospital ..
after 2 days she back to the house with one of her family member and they packed my things In the house .. I did not say a poo I called my parents and told them what happened they told me not to ever do anything sily ..Dam i thought j would be begging her cause.
please repost this .. cause this Dam is saying poo around telling her friends what am not .... I want all of them to read this before they started judging me ... Dam told her friends she's the owner of all the things she packed in my house without having any receipt...I pray all her friends read this and she say her side of the story too ..
14-Year-Old Girl Chained Unclad By Her Parents For A Month Regains Freedom
A 14 year old girl, identified as Onyeka John, has regained her freedom after she was allegedly chained by her mother to the burglary-proof bars for about a month.
The girl lived with her parents in a rented apartment on Serebe Street, Abaranje, in the Ikotun area of Lagos State. They reportedly tied her up by the neck and legs for habitually running away from home, which they ascribed to mental illness.
According to PUNCH Metro, the parents had gone out on Wednesday and locked up the girl as usual. On that day, the landlord, Mr. Oladapo Olubajo, was said to have gone to the backyard, where the family’s apartment is located, to check a pumping machine when he saw the girl.
The landlord alerted a resident, who reported the case to the police at the Ikotun division.
The resident, who begged not to be named, said the girl’s parents eventually showed up at the police station and made statements. He said,
“The parents locked the girl up. She is about 14 years old. She was chained Unclad to the burglary inside the room by the neck and legs. Policemen came to rescue the girl. Her parents later turned themselves in at the station. They said the girl had been a disgrace to the family.”
The landlord, Olubajo, told Punch that he wanted to take up the matter with the parents, but some residents prevailed on him not to. He explained that he met the girl Unclad in the apartment, adding that the condition she was could frustrate her to commit suicide.
Olubajo said,
“When I saw her chained to the burglar-proof bar, I raised the alarm. The police later got the parents to the station and interrogated them.
“The girl said she had been there for almost one month. Her parents moved here a year ago. I have noticed that their behaviour was odd. but I didn’t know they could go to the extent of chaining their daughter.
“People begged me and the police eventually released the girl to them yesterday (Wednesday). The conclusion we reached is that I want them out of my house. They also claimed the girl is mentally ill. Even if she is mentally challenged, was that the right way to go about it? She could have killed herself.”
Onyeka’s father, who spoke with PUNCH Metro on the telephone on Thursday, said he and his wife meant no harm for the girl.
He said:
“She always runs away from home. That was why we chained her. I think she is mentally ill. We planned to take her to a hospital this month. As I speak now, she has fled home again.”
The Lagos State Police Public Relations Officer, SP Dolapo Badmos, said the case was under investigation.
“The lady is suffering from mental illness. Her parents chained her to prevent her from entering the street, and without intention to harm her,” she added.
The girl lived with her parents in a rented apartment on Serebe Street, Abaranje, in the Ikotun area of Lagos State. They reportedly tied her up by the neck and legs for habitually running away from home, which they ascribed to mental illness.
According to PUNCH Metro, the parents had gone out on Wednesday and locked up the girl as usual. On that day, the landlord, Mr. Oladapo Olubajo, was said to have gone to the backyard, where the family’s apartment is located, to check a pumping machine when he saw the girl.
The landlord alerted a resident, who reported the case to the police at the Ikotun division.
The resident, who begged not to be named, said the girl’s parents eventually showed up at the police station and made statements. He said,
“The parents locked the girl up. She is about 14 years old. She was chained Unclad to the burglary inside the room by the neck and legs. Policemen came to rescue the girl. Her parents later turned themselves in at the station. They said the girl had been a disgrace to the family.”
The landlord, Olubajo, told Punch that he wanted to take up the matter with the parents, but some residents prevailed on him not to. He explained that he met the girl Unclad in the apartment, adding that the condition she was could frustrate her to commit suicide.
Olubajo said,
“When I saw her chained to the burglar-proof bar, I raised the alarm. The police later got the parents to the station and interrogated them.
“The girl said she had been there for almost one month. Her parents moved here a year ago. I have noticed that their behaviour was odd. but I didn’t know they could go to the extent of chaining their daughter.
“People begged me and the police eventually released the girl to them yesterday (Wednesday). The conclusion we reached is that I want them out of my house. They also claimed the girl is mentally ill. Even if she is mentally challenged, was that the right way to go about it? She could have killed herself.”
Onyeka’s father, who spoke with PUNCH Metro on the telephone on Thursday, said he and his wife meant no harm for the girl.
He said:
“She always runs away from home. That was why we chained her. I think she is mentally ill. We planned to take her to a hospital this month. As I speak now, she has fled home again.”
The Lagos State Police Public Relations Officer, SP Dolapo Badmos, said the case was under investigation.
“The lady is suffering from mental illness. Her parents chained her to prevent her from entering the street, and without intention to harm her,” she added.
Dabota Lawson To Sylvia Nduka: 'I'm Coming For You, You Crossed The Line!'
Ex beauty queens, Dabota Lawson and Sylvia Nduko wash linens in public and this might not go well. Recall that Dabota Lawson accused Sylvia of sleeping with her ex-hubby and still blowing her kisses on Instagram
Well, Slvia Nduka REACTED to that yesterday. Just this morning, Dabota Lawson has this to say in reaction to the post Sylvia made yesterday.
"The #JokeOfTheYear is you honey. And I really want to put this behind me as I promised your sisters but Its unfortunate you choose to publicly address out of 3 points ( my best friend and daughter ) the one that matters to you the most ( The Man) .
When you clearly understood from our conversation and your apology over the phone yesterday that the fact that you claim we are "sisters" and you didn't reach out to me after you heard I had a baby but started fueling rumors/ cracking jokes about who my Baby's father is and then coming on to my IG page to blow kisses is what pissed me off .
also considering you're the one who advice me to keep all of this low key, haba! No mother would tolerate that. . I mean I value you more than a man whose existence is totally irrelevant to me at this point in time and that has not and will never change, hence I never addressed all those allegations in the past.
as a matter of fact 99.9% I believe you won't stoop so low. But for my precious little baby, my heart and joy after 9 months and 12 hours of labor ? My dear you know I'm coming for you . You touched me where you're not supposed to, you crossed the line and hurt me big time, friends don't do that and that's why I got mad. But it's all good ."
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