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Showing posts with label Naija Affair Global Ent. Show all posts
Showing posts with label Naija Affair Global Ent. Show all posts

FG may remove fuel and kerosene subsidies

The Minister of Petroleum Resources, Dieziani Alison-Madueke yesterday gave a hint of plans by the Federal Government to remove subsidies being paid on Petrol and Kerosene products. The Minister gave the hint while speaking at the Nigerian Oil & Gas Conference which took place in Abuja
 
While addressing the delegates, Alison-Madueke said subsidy being paid to marketers for petrol and kerosene was no longer sustainable and was only beneficial to the rich in the society.
"The continued regulation of the downstream sector has its positive and negative impacts on the economy. But the negative effect is more than the positive. The subsidy policy cannot be sustained any longer.This is because the subsidy payment is not benefiting the poor it is targeting; rather, it is benefiting the rich. The industry needs to move to next level by increasing revenue and curbing oil theft and pipeline vandalism.Without belabouring the point, we are all aware that the government has to deregulate the downstream sector. Continuing regulation, we all are aware, has negative effects. It is basically unsustainable, it discourages investment, and principally, it benefits the rich, not the masses in the society that we intend to reach in the first place" The minister said.
Analyst however say if petrol subsidy is removed, Nigerians would have to pay more for both products. Petrol for instance would rise to N144.66 for a litre, which is the landing cost of a refined litre as against the N97 its been sold for now at filling stations while Kerosene would go as high as N154.36 per litre, N138.87 as landing cost and N15.49 for distrubution margin, suming up to N154.36 it would be sold for

Report from EFCC on how Lagos state Speaker Spent funds on foreign trips and his wife.


EFCC today March 18th revealed how Lagos Speaker Adeyemi Ikuforiji, squandered money on his wife, foreign trips and how on August 1, 2011, N4.4m was paid to him as “cost of allowance”; and his personal assistant and orderly pocketed N1.2m and N1.1m respectively.

Premium Times reports
The trial of the Speaker of the Lagos State House of Assembly, continued Tuesday with the prosecution witness detailing how the defendants allegedly laundered millions of Naira.
Adebayo Adeniyi, the EFCC witness, told the court how the defendants collected N13.5 million for honorarium, N4.5 million for renovation of the Speaker’s residence, and N1.5 million for the Speaker’s Guest House every month for six consecutive months.
Mr. Ikuforiji and Oyebode Atoyebi, his aide, are facing a 54-count amended charge of money laundering amounting to over N600 million.

The Economic and Financial Crimes Commission, EFCC, accused the Speaker and his aide of receiving the money from the Lagos State House of Assembly without passing through a financial institution.

The trial was adjourned last January for the prosecution to provide a summarized version of the monies collected by Mr. Ikuforiji and his aide.
But on Tuesday, Godwin Obla, counsel to the EFCC, said that he would rather continue with his previous method to avoid any grounds for appeal.

It was a painstaking effort that required Mr. Obla to go through each of the transactions with the witness. The judge admitted that, but overruled the defence’s plea that the prosecution tabulate the relevant sections of the transactions.
“We’ve lost time. We vacated three days for that exercise to be done,” said Ibrahim Buba, the trial judge.
“What I understand the prosecution to be doing is trying to go through the records viz a viz each count of the allegation. They are entitled to do so.
“It is indeed difficult, if not laborious,” Mr. Buba added.

2011 TRANSACTIONS
Mr. Adeniyi continued his testimony by stating how the Lagos House of Assembly paid millions of naira to Mr. Ikuforiji; his wife, Mayowa; his orderly; his personal assistant; as well as the state’s Deputy Speaker.

All the monies were collected by Mr. Atoyebi and paid for in cash, the witness said.
On July 14, 2011, N5.4 million was paid to Mr. Ikuforiji for a trip to San Diego, California; his personal assistant and orderly collected N1.3 million and N1.2 million respectively, according to Mr. Adeniyi.

On August 1, 2011, N4.4 million was paid to the Speaker as “cost of allowance”; his personal assistant and orderly pocketed N1.2 million and N1.1 million respectively. Two days later, N10 million was paid to the Speaker for Ramadan, the witness said.

On August, 2011, N6.4 million was paid to Mayowa Ikuforiji, the Speaker’s wife; and N1.3 million to the wife’s orderly, the witness said.
Between January and June 2011, N13.5 million was paid as honorarium, every month, to the Speaker, Mr. Adeniyi added.

He said N4 million and N1 million were also paid monthly, within the stated period, for the renovation of the Speaker’s official residence and guest house respectively.

Asked why there were columns with Cheque Numbers in the cash register, Mr. Adeniyi responded that: “What they do is that a cheque is raised in most cases in the name of the Permanent Secretary and cashed from the bank.
“It is this cash that is eventually paid and registered in this document, the details of payments.”

2010 TRANSACTIONS
“Basically, these cash payments are supposed to be made through a financial institution, paid to the beneficiaries, not through cash payments. Cash payments stall the tracing of the monies.
“We discovered that some of it was paid into the account of the first accused person. Some of it was used for his credit card and other personal matters,” he added.

During cross examination by Wole Olanipekun, counsel to Mr. Ikuforiji, Mr. Adeniyi said that he was not aware what the Speaker used the monies for.

“Our investigation is not focused on knowing whether he spent the money on his personal house.
“From our investigation, we did not go in depth into who approved the disbursements, we were particular about the cash disbursement which was above the threshold of transactions by a Permanent Secretary.

“Any payment must be made through e-payment, most especially when it is above the threshold,” Mr. Adeniyi said.
When shown one of the cash registers by the defence lawyer, Mr. Adeniyi said that he could not “remember seeing it.”

Mr. Obla objected to that line of questioning, insisting that the defence must tender the cash register as an exhibit before it court be used for cross examination.
The judge, however, said that the defence was at liberty to use any document that had been brought before the court.

“You cannot file a document and your witness said he cannot remember seeing it. If it was filed by the defence, it is a different ball game altogether,” the judge told Mr. Obla.
“Once you have provided this document, it is for them (the defence) to use it at their own time during the trial, not at your own time,” the judge added.
The trial was adjourned till April 28 for continuation of trial.

The apology Msg by Nigeria Immigration service to the youth that lost their lives during the screening exercise held on Saturday


 
Wow!!! This is sad... 
Meanwhile see photos of the unemployed graduates in the cold chamber of the Mortuary at National Hospital Abuja. They lost their lives during the NIS test stampede at the National Stadium. May their souls rest in peace...

STRONG WARNING - VIEWER'S DISCRETION IS STRONGLY ADVISED.



Dr Frabz has been crowned The New Music Director On Nigerian Idol

Africa’s biggest music reality show, Nigerian Idol has announced a new music director for its fourth season as the competition gets set to separate the wheat from the shaft for the Top 30 rounds.
Acting as the music director this season is, Award winning producer/singer Ayo Faboro, who is well known as Dr Frabz. He started his own music production company called N'sayne Entertainment and has produced smashing hit songs like Chuddy K's Slow Slow, Shank's Too late and Weird MC's Riranwo among others.
“I expect that this season we will be able to help the best of the contestants to shine,” said Dr. Frabz.

Nigerian Idol airs on Saturday and Sunday’s on HIP TV, STV, Various Startimes Channels, DRTV Warri and CRBC Calabar.

Model Sues Playboy & Radio Host After Sustaining Injures From Using Her Butt To Play Golf

Elizabeth Dickson a 28-year old playboy model has sued playboy and radio host, Kelvin Klein for hitting her butt with a golf clubwhile trying to hit a ball off a tee placed between the cheeks of her buttocks during an amateur golf tournament in California, March, 2012.
The model is suing both parties for $500,000 after claiming she gave no consent for the ball to actually be hit from a tee placed on the cheeks of her buttocks while the game was on.
The model who was invited to come and partake in the amateur golf tournament complied with a request earlier in the day to lie flat on her stomach with her buttocks partially exposed for a photograph with Klein. But now, Elizabeth is claiming that even though she complied, she never gave her consent for Kelvin to hit the ball from her butt, before the accident occurred.

Badoo! OLAMIDE celebrate his 25th birthday today.

 
The hit Hip-Hop/Rap Artist  ADEDEJI OLAMIDE a.k.a Badoo, Who was born March 15 1989 celebrate his 25th birthday today.
We wish him Congrat for his success in life!

Aliko Dangote ready to redeem $1million promise to Super Eagles

 

Billionaire business man Aliko Dangote says he is ready to redeem his promise of awarding $1m to the Super Eagles for winning the 2013 African Cup of Nations last year in South Africa. He said this a few days after goal keeper and Super Eagles vice-captain Vincent Enyeama begged him and others who pledged various things to the team to fulfill their promises.
"We understand the busy schedule of Alhaji Dangote, we are just asking his aides to help remind him of the promise to us. It’s just a reminder to patriots who are very busy and may not have been prompted after they made their pledges, because the players are determined to bring more honours to fatherland at the forthcoming World Cup” Enyeama said
Speaking with BBC Sports, Dangote said the only reason he hasn't redeemed his promise was because nobody from the team or NFF had contacted him
"We’ve been waiting for Nigerian officials to collect the money but nobody has written to us. We will write to them, asking for the account numbers of the players, then we’ll make the transfer immediately.”

Must See Photos From Ghollywood Vs Nollywood Football Match In Ghana

Omg, this is so hilarious. So some  Nollywood actors where in Ghana last week for a football match and they were led by the AGN president, Ibinabo Fiberesima. They had a swell time tho. Toyin Aimakhu lost a penalty and Ibinabo was said to have collapsed at one point. They are must see photos, lol. Btw, the game ended 3-1 in favour of Ghollywood.












Photo Credit: Eternal Photos

KWAM 1 Wedding

Fuji star KWAM1 performed the last lap of wedding ceremonies for 3 of his daughters when he gave his daughter, Sekinat Anifowose out in marriage to Fuad Ademola Adeyemo on Sunday March 9th.

His other daughters got married on the 3rd and 6th of March. Dignitaries at the wedding on Sunday included Gov Babatunde Fashola, Gov Rauf Aregbesola, and a host of Yoruba actors and actresses. Continue to see more photos...



Another Messy Record Label Fight Between Kennis Music And Jaywon!


 
Kennis Music and one of its star artistes, Jaywon have been on issues. The fight started when Jaywon indicated interest to eave the label before the expiration of his contract. The label refused to grant his wish, insisting that his contract has not expired. Right now, Jaywon has not only written Kennis requesting for his contract to be terminated, but also offered to buy out the remainder of his contract. Kennis Music on the other hand has written to all broadcasters to stop playing any material from Jaywon, pending the resolution of the contract buy-out request.

See Kennis statement after the cut:

“Jaywon has written a letter via his lawyer requesting for his contract with Kennis Music to be terminated. Jaywon wrote, in the same letter, his readiness and willingness to pay off all costs therein accordingly.


“Meanwhile, Independent Broadcasters Association of Nigeria IBAN MEMBERS and all broadcasters on all platforms are hereby advised to Un-list the works (Either single performances or and collaborations) of Iledare Oluwajuwonlo James aka Jaywon from their respective rotational play lists until his (Jaywon) request to buy over his contract is fully completed, to avoid litigation.”

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