IST Presents 2015 Budget To Reps For 2016

The House of Representatives’ Committee on Capital Market, led by Tajudeen Yusuf, was shocked to discover that the Investment and Securities Tribunal (IST) presented same copy of its 2015 budget in 2016.

This discovery put on hold the budget defence session of the agency.

Yusuf said: “We expected this yesterday to take the budget defence of the IST but we realised that the budget for IST in the 2016 budget proposal is just an exact copy of its 2015 appropriation. It is word for word, figure for figure. And Items dealt with and completed in 2015 were repeated.

Mass Defection From APC To PDP In Edo State ahead of 2016 elections

Massive defection hit the APC in Edo state as half of the current elected local government officials including the supervisory councillor for works in Ovia south and over 350 members of APC in Ovia south dump the Party for PDP. The members were received into the PDP by the chairman of the party Chief Dan Osi Orbih... When we say the days of APC in Edo state are numbered we know what we are saying.... The Affliction APC has unleashed on Edo state and Edo people will not rise again.

IST Presents 2015 Budget To Reps For 2016

The House of Representatives’ Committee on Capital Market, led by Tajudeen Yusuf, was shocked to discover that the Investment and Securities Tribunal (IST) presented same copy of its 2015 budget in 2016.

This discovery put on hold the budget defence session of the agency.  Yusuf said: “We expected this yesterday to take the budget defence of the IST but we realised that the budget for IST in the 2016 budget proposal is just an exact copy of its 2015 appropriation. It is word for word, figure for figure. And Items dealt with and completed in 2015 were repeated.

Army Sends 12 Officers To EFCC

The Acting Director, Nigerian Army Public Relations, Col. Sani Usman has said the Nigerian Army has sent a 12-man list of very senior officers to the Economic and Financial Crimes Commission(EFCC) for investigation. Though silent on the names of the officers, Usman in an e-mail said, “The Nigerian Army wishes to inform the public that 12 Army officers have been sent to the Economic and Financial Crime Commission (EFCC), for investigation.This comprised of 3 serving Major Generals, and one retired, 3 Brigadier Generals, 4 Colonels and 1 Lieutenant Colonel. However, it should be noted that at the end of the Commission’s investigations those found culpable will be tried by a military Court Martial.”

CBN Bans Use Of Dollars For Overseas Fees, Medical Trips

According to Boason Omofaye, the head of business news at Channels television, who made this assertion this morning, overseas school fees and medical tourism have been placed on CBN’s foreign exchange prohibitive list. By this directive, Nigerians who may need to go outside the country for education purpose or health care will have to get the foreign currency from the parallel market to carry out their engagements.

APC, PDP Reps Clash Over Amaechi

The All Progressives Congress members of the House of Representatives clashed with their Peoples Democratic Party colleagues on Thursday over the Minister of Transportation, Mr. Rotimi Amaechi.

Amaechi appeared before the joint Committee on Marine/Land Transport to defend the 2016 budget proposals of the ministry, but the lawmakers tried to turn the session into a venue for political party supremacy battle.

The APC members, who control the majority of 213, out of the 360-member legislature, felt that the former Rivers State governor deserved some protection from the committee, as he came under a barrage of questions.

One Civil Servant Collects 20 Salaries - Finance Minister

The outcry over the menace of ghost worker fraud reverberated in the Senate yesterday when the finance minister, Kemi Adeosun, threw a bombshell by revealing that, with the help of the Biometric Verification Number (BVN) policy, it has been discovered that one civil servant alone collected 20 salaries every month.

She also told the Senate Committee on Finance that the 23,000 ghost workers discovered in the Federal Civil Service would be handed over to EFCC for prosecution.

The adoption of BVN in processing salary payments by the federal government had stunningly thrown up no fewer than 23,000 ghost names on its payroll, a development that raised concerns about the huge amount of monies that may have been stolen from the nation’s coffers through such leakages in the federal civil service.

Making the Same Mistake ? US Resumes Training Of Nigerian Troops For Anti-terror War

Fourteen months after a U.S. army-led combat training for Nigerian soldiers was aborted, American authorities have announced a resumption of the programme.

The American Assistant Secretary of State for Africa, Linda Thomas-Greenfield, said, Tuesday, that the training would resume this February.  Speaking on U.S. strategy against Boko Haram at a meeting in Washington DC, Ms. Thomas-Greenfield said U.S. expects would “inaugurate the first round of training for an infantry battalion later this month.”

Naira Falls To 325 On Dollar Shortage -punch

The naira hit a record low of 325 to the dollar at the parallel market on Thursday as desperate importers scrambled for dollars to meet their obligations overseas.

The local currency had closed at 318 against the greenback on Wednesday, after hitting 313.5 and 310 on Tuesday and Monday, respectively.“The dollar is falling because importers need forex to bring in their goods. They cannot keep on folding their arms because there is scarcity; they must keep buying; the only thing is that the quantity may reduce,” a forex dealer told our correspondent under condition of anonymity.

Any difference between Saudi Arabia and ISIS ?

Facts on ground are that saudi arabia is the major sponsor of Wahhabi ideology in Syria and Nigeria as their affilliate boko haram has claimed allegiance several times to this terrorist intistuition. Cutting someone's else hand is only common with Sharia law practiced in Saudi. What's allarming is that the west continue to back this terror states and using all sorts of media propaganda against any force fighting against them. Is this another confirmation that Saudi arabia is in to to ISIS ?

Facts on ground are that, ISIS gets dirrect supply of arms from Turkey and that implicates turkey is the main player here.

Fayose Destroys Olukere’s Billboard: Riot In Ekiti

The destruction of a billboard bearing the picture of the Olukere of Ikere-Ekiti, Oba Ganiyu Ayodele Obasoyin, by Governor Ayodele Fayose on Wednesday has sparked a riot in the town.

The violence, which began at 6pm when Fayose was passing through the town on his way from Uyo, the Akwa Ibom State capital, where he attended the thanksgiving service to mark the electoral victory of Governor Udom Emmanuel, continued yesterday.

Youths blocked major roads leading to the town, condemning Fayose for “descending too low” and vowed to “spill their blood” to defend the Olukere.

Why Supreme Court Declared Wike Winner

Supreme Court; Tribunal Denied Wike Fair Hearing

The supreme court on Friday explained why it declared Nyesom Wike, candidate of the Peoples Democratic Party (PDP) in the April 11 2015 governorship election in Rivers state, as the duly elected governor of the state.

The court held that the judgment of the appeal court affirming the judgment of the election petition tribunal sacking Wike was a nullity because the governor did not get a fair hearing as the facts he presented were not considered by the tribunal.