OPRAH WINFREY: WHITNEY HOUSTON FELL OFF STAGE, BEGGED AUDIENCE NOT TO LEAK. (PHOTO).

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 Oprah Winfrey: Whitney Houston fell off stage, begged audience not to leak At the Cannes Lions Festival, Oprah Winfrey transformed her acceptance of the LionHeart Award into a powerful reflection on purpose, responsibility, and legacy.  Speaking with festival chair Phil Thomas, she recounted her improbable journey from rural Mississippi to becoming one of the most influential figures in media.  Winfrey highlighted her philanthropic work, including the school she founded in South Africa, and shared personal stories about her friendship with Maya Angelou and her childhood experiences that shaped her drive to give back. She also revisited memorable moments from The Oprah Winfrey Show, including her interview with Whitney Houston. Winfrey described how she paused filming to ask Houston about her intentions, creating one of the most impactful conversations of her career.  Later, when Houston relapsed and fell off stage during a performance, Winfrey pleaded with the audie...
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AUDITOR-GENERAL QUERIES CBN OVER $4.5BN MISSING FROM FOREIGN RESERVES. (PHOTO)

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 Auditor-General queries CBN over $4.5bn missing from foreign reserves

Auditor-General of the Federation, Shaaka Chira, has asked the Central Bank of Nigeria to offer an explanation for a missing $4.5 billion fund.


An audit report from the Office of the Accountant General said the missing sum was unaccounted for in Nigeria’s foreign reserves between 2018 and 2019.


The yearly audit report provides comprehensive information about the spending and financial affairs of the various ministries, departments, and agencies under the government in a fiscal year.


According to the report, the country’s foreign reserves, which stood at US$42,594,842,852.75 in December 2018, decreased to US$38,092,720,200.72 in 2019. By a simple calculation, US$4,502,122,652.03 could not be accounted for.


The violation occurred following the COVID-19 outbreak, during the tenure of Godwin Emefiele, the former governor of the apex bank currently standing trial in court over corruption allegations.


The Accountant-General has now urged CBN to offer explanations for the missing sum.


The audit report, stressing that the stability of the exchange rate may be jeopardised if the apex bank fails to justify the fund, stated: “This violates Section 25 of the Central Bank of Nigeria Act 2007, mandating the bank to endeavour to maintain external reserves at levels considered to be appropriate for the economy and the monetary system of Nigeria.”

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