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Showing posts from February 4, 2018

INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c

FOR ALMOST 3 YEARS YOU DENIED YOUR PROMISE TO RESTRUCTURE,YOU ATTACKED THOSE CALLING FOR RESTRUCTURING-BEN BRUCE.

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     Senator Ben Bruce wrote yesterday about President Buhari that '' For almost three years you denied your promise to restructure, you attacked those calling for restructuring and now exactly one year to the 2019 election, you suddenly fell in love with restructuring? I was born at night sir, but I was not born last night. This is comedy not politics''.

READ EX-PRESIDENT BABANGIDA'S LETTER TO PRESIDENT BUHARI TODAY.#PRESS STATEMENT.

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         In a statement today Sunday, Ex-President Babangida expressed dissatisfaction with the performance of the government and the ruling All Progressives Congress, APC. THE PRESS STATEMENT READS: TOWARDS A NATIONAL REBIRTH. In the past few months and weeks, I have played host to many concerned Nigerians who have continued to express legitimate and patriotic worry about the state of affairs in the country. Some of them have continued to agonize about the turn of events and expressly worried why we have not gotten our leadership compass right as a country with so much potential and opportunity for all. Some, out of frustration, have elected to interrogate the leadership question and wondered aloud why it has taken this long from independence till date to discover the right model on account of our peculiarities. At 57, we are still a nation in search of the right leadership to contend with the dynamics of a 21st century Nigeria. Having been privileged to preside over thi

PUBLIC FINANCE: ADEOSUN TASKS TREASURY MANAGERS ON ACCOUNTABILITY,TRANSPARENCY+WANTS WEAK FINANCE CONTROL ACT REVIEWED.

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         The Honourable Minister of Finance, Mrs. Kemi Adeosun, has challenged Treasury managers to ensure transparency and accountability in the management and control of the country’s public finance. She gave the advice at the second National Treasury Workshop held in Tinapa, Cross River State. The workshop was attended by Directors of Finance and Accounts in all Federal and State Governments’ Ministries, Departments and Agencies, Heads of Finance and Directors of Internal Audit and other stakeholders in national public finance management. The Minister, who was represented by the Director of Special Projects in the Federal Ministry of Finance, Dr. Mohammed K. Dikwa, emphasized the need for a change in the mindset of Treasury managers in order to reform the basic polity. She said, “The basic and fundamental approach to financial and economic reforms is to reform the basic polity. Reforms must be impacting and sustainable and should fit into the cultural ethos of Nigeri

FG SERVES OVER 246M MEALS TO PRIMARY SCHOOL PUPILS-V.P OSINBAJO.

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        Over 246 million (246,355,190) meals has been served to date to primary pupils across 20 states in the country, since the first meal served in December 2016 under the National Home Grown School Feeding Programme (NHGSFP). The total figure is expected to reach 313,928,420 meals by the last week of February 2018. Also, the School Feeding Programme now feeds 6,044,625 pupils in 33,981 public primary schools across 20 states. More states are expected to be added to the programme this year. The NHGSFP plans to implement feeding in a total of 28 States, while it aims to link farmers to school feeding markets. In the same vein, several milestones were recorded by the Buhari administration’s National Social Investment Programmes (NSIP) in 2017, in line with its inclusive growth plan, which includes tackling poverty and hunger, and creating jobs for Nigerians. About 40,000 direct jobs have since been created from the School Feeding Programme across the participating st

CONFIRM MAGU AS EFCC CHAIR,ODUMAKIN URGES SENATE.{PHOTOS}.

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         The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has called on Nigerians to eschew corruption of all manners as it remains the bane of all woes bedeviling the country. He made the call on Friday, February 2, 2018 while playing host to a group called Movement against Corruption/ Women Arise for Change Initiative at the EFCC Office Wuse II, Abuja. Magu urged the group to take upon itself the zeal to fight corruption stressing that, "It is a duty that must be done". In charging Nigerians to take ownership of the fight against corruption, Magu challenged individuals as stakeholders in the fight not to shy away from fighting the hydra-headed monster. "Fight corruption the way you can. The fight against corruption should not be left for the EFCC alone. Everybody has a duty to fight corruption. You may not fight corruption the way EFCC is doing as you do not have the constitutional powers, but you can do it through your

OBA OF ITO-OMU,INSTALLED & GIVEN THE STAFF OF OFFICE TODAY.{PHOTOS}.

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      The official installation and presentation of staff of office and instrument of appointment to His Royal Majesty, Oba. Taiwo Yusuf Gbadamosi, Apekun-Joye 1, Oba Onito-Omu of Ito-Omu by the Lagos State Government represented by Commissioner for Local Government and Community Affairs, Hon. Muslim Folami today Sunday 4th of February, 2018.More photos below.

LAGOS REVS UP ECONOMY WITH NEW POWER & PROPERTY LAWS+TO DELIVER 3,000MW IN THREE YEARS.

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      The Lagos State Government has perfected plans to bring about a quantum leap to the State's economy in 2018 through the Embedded Power Supply Project and the review of the Land Use Charge Law. The power project, aimed at delivering an estimated 3,000 Megawatts to homes and industries, is expected to lift the economy of Lagos which is Nigeria's industrial hub, while the revised Land Use Charge Law had been designed to improve the values of property in the State. The State's House of Assembly had last week announced the passage of two bills expected to provide the legal framework for the programmes by enacting the Lagos State Embedded Power Supply Law 2018 and the Lagos State Land Use Charge Law 2018. Both laws are expected to be signed this week by the State Governor, Mr. Akinwunmi Ambode. Speaking on the development, Commissioner for Information and Strategy, Mr Kehinde Bamigbetan said the two strategic laws were part of the grand plan of the present adminis

PRESENTATION OF STAFF OF OFFICE & APPOINTMENT OF OBA MURITALAB AREMU ''OLU OF IWAYA LAND'' BY THE LAGOS STATE GOVERNMENT.{PHOTOS}.

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       The official installation and presentation of staff of office and instrument of appointment to His Royal Majesty, Oba. Muritalab Aremu Ogun-Oloko. Adeori Okin1, Olu of Iwaya land, Yaba LCDA by the Lagos State Government represented by Commissioner for Local Government and Community Affairs, Hon. Muslim Folami today Friday 2nd February, 2018. Also in attendance at the installation ceremony are: HRM. Oba fatai Aromire, Ojora of ijora and Iganmu, HRM. Oba Owolabi Adeniyi, Oba of Igbobi Sabe and the Permanent Secretary, Ministry of Local Government and Community Affairs, Mr. Fola Padonu.More photos below.