Buhari’s Anti-Corruption Drive Unsettles - PDP

•Party warns against witch-hunting

THE Peoples Democratic Party (PDP) appears to be uncomfortable with President Muhammadu Buhari’s decision to recover public funds allegedly stolen by government officials in the last administration.

Apparently worried by the decision, the PDP has expressed fears that the exercise might become a witch-hunt aimed at discrediting and undermining the opposition.

A statement yesterday by its National Publicity Secretary, Chief Olisa Metuh, cautioned the President against politicising corruption.

HEALTH: Scientists Raise The Alarm Over Imported Poultry Products

A study conducted by Prof. Olumide Tewe, a nutritional toxicologist at the University of Ibadan, alongside some of his colleagues, has revealed that imported frozen chicken and turkey contain certain chemical substances that are harmful to human health.

Speaking at a press briefing organised by the National Agency for Food Drug Administration and Control, a nutritional enzymologist, Dr. Okhiomah Abu, who is one of the researchers, said that poultry products imported into Nigeria contained toxic and heavy metals that could worsen the occurrence of food-borne diseases in the country.

Graduate needs N5m for Spinal Cord Surgery

Thirty-four-year-old graduate, Mr. Babatope Oguntoyinbo, has called on Nigerians to support him to seek medical treatment in India.

Oguntoyinbo is down with a spinal cord injury that medics say could render his cognitive functions ineffective if he does not undergo an urgent surgical operation in the Asian country.

According to his medical report, Oguntoyinbo has Case 2 level lumbar disc disease and the condition has led to his inability to control his bowel and bladder.

The disease, our correspondent gathered, also caused damage to his lumbar and spine.

Mrs. Funke Olanipekun, who spoke on behalf of her ailing brother, said his health had so degenerated that he no longer walks or eases his bowel without assistance.

Before the disease hit him, Olanipekun said her brother worked with a security firm in Lagos.

She added, “Initially, he complained about knee pain in November and of course, he went to the hospital for treatment. Though the pain occasionally resurfaced, it did not stop him from going to work at his office in Ajah till it got worse this February. Now, he is helpless because he cannot urinate or eat without assistance and support.”

Olanipekun urged Nigerians and corporate organisations to support the cost of his treatment in an Indian hospital.

• To assist Oguntoyinbo, please call: 08029304788

FG To Borrow N240bn In Third Quarter

The Federal Government is planning to borrow between N180bn and N240bn through the sale of government bonds in the third quarter, the Debt Management Office has said.

According to the DMO, the amount will be borrowed through the issuance of five and 20-year bonds

The debt office had raised N210.22bn ($1.1bn) through government bond sales in the second quarter.

The debt management office is planning to sell the 15.54 per cent 2020 bond at auctions in July, August and September with N35bn to N45bn on offer each month.

It said it would also offer the 12.1493 per cent 2034 bond in July, August and September with N25 to N35bn on offer each month.

Meanwhile, the Federal Government sovereign bond yields rose by more than 10 basis point along the curve on Monday as domestic investors worried about the impact of a weaker currency on inflation and a possible rise in government borrowing, Reuters reported quoting traders.

The most liquid five-year bond yield climbed 12 basis points to 14.71 per cent on Monday, while the 10-year benchmark yield climbed 10 basis points.

Investors had hoped for a rally after the smooth elections in March ended uncertainties about political risk in the economy.

But worries over the government’s finances and the continued slide in the currency have spooked investors.

The Central Bank of Nigeria is also planning to borrow about N872.96bn ($4.4b) in new Treasury bills issues between June 18 and September 3.

Data released by the central bank had shown that it would auction N215.12bn worth of the three-month paper, N238.5bn in the six-month debt and N419.34bn worth in the one-year paper.

The total debt proposed for the third quarter is 12.3 per cent short of the N995.5bn raised in the second quarter of the year.

The CBN as to issue treasury bills worth N730.499bn in the second quarter of 2015.

Treasury bills are short-term debt obligation with a maturity of less than one year issued by the CBN through a competitive bidding process bi-monthly.

Naira Drops To 226.5 On New Forex Rules

Naira and Dollar notes

The naira fell to 226.5 on Monday against the United States dollar at the parallel market.

The development mean the local currency has lost about 2.8 per cent of its value against the dollar since Wednesday when the CBN introduced a new rule to the foreign exchange market.

The naira was sold for 220 to the greenback before the new forex rule was announced last week.

The CBN, as part of measures to conserve the dwindling reserves, barred importers of 41 items including rice, textiles, poultry products and private aircraft from buying hard currencies at the interbank forex market.

Traders said the dollar might be sold for 230 this week if the trend continued.

Trading on the interbank market, which is pegged around the central bank’s rate of 196.90 naira, was at 198.90 naira on Monday.

The naira had dropped against the dollar from 222 to 225 on Thursday, barely 36 hours after the CBN imposed the new forex rule.

The regulator had said the new rule would help preserve the external reserves, facilitate the resuscitation of domestic industries and generate employment opportunities.

But the ban, which economists said would see about $5.7bn quarterly forex demand by importers of the items move from the official to the parallel market, had continued to fuel artificial scarcity of dollar at the black market and the Bureau De Change segment of the forex market.

The Acting President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, had said.

the hoarding of forex followed the CBN’s new policy banning importers of 40 items from the forex market.

Aso Rock Conducts Audit Of Security Personnel

Aso Villa

Authorities of the Presidential Villa, Abuja have ordered a comprehensive audit of security personnel and forces deployed in the seat of power.

The audit may have been necessitated by the ongoing inter-agency rivalry in the Villa.

According to a memo signed by the Aide-De-Camp to the President, Lt. Col. Lawal Abubakar, the exercise was needed for “accountability and deployment.”

The memo dated June 25, 2015 was titled, “Request for strength returns of security personnel and forces deployed within the Presidential Villa, Abuja.”

Abubakar requested that the required information should be forwarded to his office latest by Monday (yesterday).

The memo read, “The need for proper accountability by all security forces and personnel deployed within the Presidential Villa cannot be over-emphasised.

“This has made it imperative to collate an updated nominal roll for all security forces and personnel deployed within the Presidential Villa performing physical security duties for proper accountability and deployment.

“Based on this, and in the spirit of enhancing general security within the Presidential Villa, you are requested to submit a comprehensive nominal roll of security personnel and security forces in your department and offices to office of the ADC for further necessary action.”

Meanwhile, officials of the Department of State Services who were removed from their beats and locations inside the Presidential Villa have yet to return to their duty posts on Monday.

That was despite an order by the Chief Security Officer to the President, Mr. Abdulrahman Mani, that they should disregard a directive by the ADC removing them from spots where they could perform “close protection roles” for the President.

MUSIC: Maniac Ft. T-Rone & Young Cash - Irrelevant (Produced by B.R. onDaBeat)

Born and raised in duval florida moncrief Maniac makes real music for the struggle ambition music to become great in life 100% street G .. have single in streets fuck dem niggaz feat gunplaymmg and nate diezel also mula prod by bellybeats


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IYO - Cookie (Official Video)

Australian Based Nigerian Singer 'Iyo' who recently dropped the visuals to her massive single 'cookie' is giving out 20,000 naira plus Free Airtime to all fans over the next two weeks .Want to win  ? See details and follow the easy steps  below 

How To Participate
1) Download/Watch Cookie Video by Iyo Via Youtube or
www.TinyUrl.Com/WatchCookie 

2) Follow @OfficialIyo on Twitter or Instagram 

3) Post About  your Favorite Scene From the Video on Twitter or Instagram with the Hash Tag #CookieVideo 

e.g My Favorite scene from the #CookieVideo is the Romantic scene at 1:03mins with the boy and @OfficialIyo

4) Post with Highest Number of Retweets/Likes everyday Wins Airtime. Highest Retweet/Likes at the End of Two Weeks Wins Cash Price.
5) Contest  ends July 12th 2015

Hint: To Increase your Chances of Winning get ‘Tweeps’ with at Least 500 Followers on Twitter to Re-tweet your Tweet or your Instagram 'Peeps' to Like/Repost your Instagram post .

Video Url: https://youtu.be/wA-sXiaPKzc

Wish Y'all Luck!

How We Killed Ex- FUTA VC - Suspects

The suspected killers of the former Vice-Chancellor of the Federal University of Technology, Akure (FUTA), Prof. Albert Ilemobade, yesterday narrated how they strangled him to death.

The suspects, who were his domestic workers Daniel Ita (guard) from Cross River State and his sacked driver, Olayemi Bamitale from Ekiti State, as well as the late Ilemobade’s red Toyota Rav 4, were paraded by the police in Akure, the Ondo State capital.

The duo were arrested by the police in Ogun State before they were transferred to Ondo State.

Family members, members of the Archbishop Vining College of Theology, Akure, where the deceased was a member and representatives of Imade College, Owo Old Students Association, led by Yinka Akinola, besieged the police headquarters yesterday.

They were there to catch a glimpse of the two suspects, who killed the 78-year-old man.

Last Monday, it was reported that the don was abducted by unknown gunmen. His decomposing remains were discovered at an isolated store in his house on Sunday.

Bamitale (36) was said to have been sacked in April when he allegedly stole the deceased’s Toyota RAV4.  It was gathered that the vehicle was with him for four days before he returned it, when he could not get a buyer.

Bamitale was said to have been detained by the police before sympathisers appealed to the deceased to allow his bail.

Ikorodu Robbery Strengthen Waterways Security, Says Assembly

LAGOS State House of Assembly has urged President Muhammadu Buhari to direct the Nigerian Navy and other relevant agencies to provide adequate security on waterways in the metropolis following last week’s Ikorodu bank robbery.

Moving a motion on the incident that occurred at Ipakodo, Ikorodu, where two banks were robbed by bandits, who escaped through the waterways, Majority Leader, Sanai Agunbiade also urged Governor Akinwunmi Ambode to strengthen the Waterways Guard Corps.

He said the corps should be supported to discharge its functions as enshrined in the Lagos State Waterways Agency Law 2008, adding that the two helicopters bought for LASWA should be utilised.

Agunbiade, urged all commercial banks and structures near jetties  to strengthen their security by installing high density cameras on their premises.

Okonjo-Iweala Spent $2.1bn Without FG Aproval

The National Economic Council, chaired by Vice-President Yemi Osinbajo, on Monday accused a former Minister of Finance and Coordinating Minister of the Economy under ex-President Goodluck Jonathan, Dr. Ngozi Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without authorisation.

“We looked at the numbers for the Excess Crude Account. The last time the former Minister of Finance and Coordinating Minister of the Economy, Mrs Ngozi Okonjo-Iweala, reported to the council, and it is in the minutes, she reported by November 2014 that we had $4.1 bn.

“Today, the Accountant-General Office reported we have $2.0bn. Which means the honourable minister spent $2.1bn without authority of the NEC and that money was not distributed to states, it was not paid to the three tiers of government,” Edo State Governor Adams Oshiomhole told State House correspondents after the NEC’s 58th meeting in Abuja.

The ‘unauthorised’ spending, according to the economic council, is among the several anomalies discovered in the management of the nation’s economy between 2012 and May 2015.

Within the period, the Nigerian National Petroleum Corporation was said to have earned a total of N8.1 tn but remitted only N4.3tn.

Consequently, the Federal Government has constituted Oshiomhole, Kaduna State Governor, Nasir el-Rufai; Akwa Ibom State Governor, Udom Emmanuel; and Gombe State Governor, Ibrahim Dankwambo, into a panel to probe the NNPC and the ECA between 2012 and May, 2015.

Oshiomhole, el-Rufai, Emmanuel and the Zamfara State Governor, Abdulazeez Yari, jointly briefed journalists at the end of the meeting.

Police Arraign Manager For Stealing N2m Beverages

Ebute Meta Magistrate’s Court

The police have arraigned a warehouse manager, Akokhia Joseph, before an Ebute-Meta Magistrate’s Court for allegedly stealing beverages estimated at N2.2m, belonging to his employer, one Vivian Osian.

It was learnt that Akokhia was to give the goods out based on orders from the management of the company.

He allegedly diverted some of the goods, replacing them in the warehouse with empty cartons.

He was said to have also allegedly deleted stock data from the computers to cover up the crime.

It was learnt that several times, goods had been discovered missing in the warehouse, but Akokhia usually returned the monetary value of the goods, claiming that he later found and sold them.

Our correspondent learnt that after his employer noticed some inconsistencies in the computer data and the missing warehouse goods, an auditor was invited to analyse the records, leading to the discovery of the theft.

The 24-year-old was arraigned on Monday on one count of stealing.

‘NNPC, CBN, Customs, NPA Must Remit Incomes Into Federation Account’ - Buhari

President Muhamadu Buhari has directed all revenue generating agencies of the government to remit all incomes into the Federation Account –  in line with the constitutional requirement.

He spoke yesterday against the practice during former President Goodluck Jonathan administration when some of the agencies held back some of the generated income.

Speaking at the inaugural meeting of the National Economic Council (NEC) yesterday, Buhari said: “All Revenue Generating Agencies, such as Nigeria National Petroleum Corporation (NNPC), Nigeria Customs Services (NCS), Federal Inland Revenue Services (FIRS), Nigeria Ports Authority (NPA), Central Bank of Nigeria (CBN), Nigeria Maritime Administration and Safety Agency (NIMASA) and Liquefied Natural Gas (LNG), among others, shall comply with stipulated Financial Regulations and Administrative Instructions in their remittances into the Consolidated Revenue Fund.”

He promised that the Federal Government will ensure more accountability, transparency and integrity in the distribution of the Federation Account as it will abide by the provisions of Sections 80 and 162 of the Constitution.

The President advised governors to seek efficient ways to pay workers’ salaries in their states.

Many of the state governments, hit by a cash crunch, are owing workers.

Jega Bows Out Of INEC Stylishly

The Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, will complete his five–year tenure today. He has made history as the only electoral umpire that supervised a transition where an elected president lost power to the opposition. Deputy Political Editor RAYMOND MORDI examines the ups and downs that characterised his tenure.  

AFTER serving his five-year tenure meritoriously, the Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, is bowing out on a blaze of glory. An erudite scholar, highly principled, well-focused and an accomplished academia, Jega was put to the acid test of integrity in the last five years when he waded through the murky waters of Nigerian politics and came out unscathed. For the above reason, Jega has been described as a patriot and a gentleman.

MUSIC: MMA INNOR - YIMZEE

Nollywood actor Ime Bishop Umoh a.k.a Okon's brother "Unyime Yimzee Umoh" drops this masquerade feel hit MMA INNOR produced by Liver beat download and enjoy.

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MUSIC: Masterkraft - Because Of You

Music producer MaStErKrAfT_comes up with a new single titled #BECAUSE of YOU ...

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And Enjoy the music which featured one of the finet Guitarist in the country , Fiokee!!!!!

Thanks y'all From MaStErKrAfT.......

Duno - Let's Talk Lyric Video

Where did conscious music go? You know, music that made at least a little bit of sense and not entirely dependent on groovy beats, repetitive catch-phrases with no meaning and raunchy,risqué videos? 

It would appear that many have forgotten that music is an art form and not an excuse for lewd exposure. Unfortunately, that's the reality today. Our pop culture has declined from the talent of the art of creativity, cadence and delivery to the ass-shaking, bling-bling and Champagne-popping culture.

Fortunately, the total descent from art to trash has been stunted by barriers of dogged nonconformists who believe in the sanctity of the art; listeners and makers of music alike.

Duno, who rent the airwaves last year and confirmed his status as the hip-hop reverend after he bagged a South-South Music Award (SSMA) with his hit single "Look" releases another song which as always, is food for thought.

In "Let's Talk", Duno remains true to his very nonconformist nature lacing sagely tongue-twisting flows above a fast-paced afrobeat baseline, repping hiphop and the City to the fullest.

The song which is produced by Michael Excel, comes with a promotional lyric video. However, the main video will be released subsequently.

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Contact:

Twitter: www.twitter.com/duno_militant (@duno_militant)

Facebook: Osaheni Duno

NDLEA Arrests 3,478 Drug Traffickers, Kingpin

NDLEA boss, Ahmadu Giade

The National Drug Law Enforcement Agency has arrested 3,478 people in the last five months over drug-related offences.

The agency said it also apprehended a suspected drug kingpin, Chukwunwendu Ikejiakwu, aka Blessed, after 13 months of “high level surveillance.”

The NDLEA explained that Ikejiakwu led an international drug trafficking organisation that recruited and sponsored drug couriers to China, Malaysia, Turkey and Italy.

Nigeria Will Burn, If I Expose The Demons In APC – Fani-Kayode

Former Minister of Aviation, Chief Fani-Kayode, has said Nigeria will burn if he exposes the antics of his ‘former’ party, APC. Fani- Kayode also advised former President, Chief Olusegun Obasanjo to put an end to his romance with the leadership of the All Progressives Congress (APC) because the party hierarchy detests him and are only ‘using him’ to ride to power.

Buhari May Not Name Ministers Until Sept

FOR those that are eager to hear President Muhammadu Buhari name his cabinet members, they will have to tarry awhile because the President’s cabinet members may not be announced untill the end of August or early September.

A source very close to the President confided in The PUNCH on Sunday that Buhari would not form any cabinet until the “rot left behind by the past administration” is cleared.

“Mr. President is reluctant to build on a rotten foundation he inherited from the Peoples Democratic Party administration. You cannot even begin to imagine the situation we have met on the ground; almost everything is in a state of decay.

“There is absolutely no way the new government can hope to achieve anything long-lasting without first building a new foundation,” the source said.

Calabar Garment Factory Will Create Over 1000 Jobs When Completed In August, Says Gov. Ayade

Gov. Ben Ayade of Cross River says the Calabar Garment Factory will generate over 1000 jobs when completed in August. Ayade said this on Sunday in Calabar while addressing representatives of the host communities at the project site along Goodluck Jonathan bypass. “Upon completion, the Calabar garment factory is expected to generate about 1000 jobs, the bulk of which would be women, particularly widows,” he said.

Buhari Will Implement Populist Programmes And Policies, APC Chieftain Assures Nigerians

Alhaji Abubakar Yabo, an All Progressives Congress (APC) chieftain, on Saturday in Sokoto expressed optimism that President Muhammadu Buhari would implement populist programmes and policies.

Saraki Never Said He Dropped His Presidential Ambition For Buhari – Aide

The Special Adviser to the Senate President on Media and Publicity, Mr. Yusuph Olaniyonu, says his boss, Senator Bukola Saraki, never said that he stepped down for President Muhammadu Buhari during the 2015 presidential elections, as being interpreted by the Presidency. Olaniyonu, who spoke with Punch on the telephone on Sunday, explained that what the Senate President said during an interactive session with journalists in Abuja on Saturday was that he dropped his presidential ambition, once President Buhari announced his intention to contest the 2015 presidential election.

Presidency Orders VC, Registrar To Refund Salary Overpayments

Vice-Chancellor, Federal University, Otuoke, Bayelsa State, Prof. Mobolaji Aluko

The Presidency, through the National Salaries, Incomes and Wages Commission, has directed the Vice-Chancellor of the Federal University, Otuoke, Bayelsa State, Prof. Mobolaji Aluko, to refund over payment of salaries running into millions of naira.

The Registrar of the university, David Suowari, was also directed to refund cumulatively the sum of N130, 692.71 per month in excess of his due salary.

The over payments were said to have been discovered during the commission’s visit to the institution on May 12, 2015 to carry out an inspection of FUO’s remuneration practices vis-a-vis the extant government’s pay policy.

MUSIC: DJ Scarface Ft. 050 Boyz & Gritz - Woosh

050 BOYZ are Treach's Artists and Gritz is Twista's GMG artist. They are dropping their EP BrickCity2LA EP on June 24th
Single now out on Itunes!

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Follow @PrinceAK_050 on twitter!
Follow @egofree2_050 on twitter!
Follow @GritzGMG on twitter!

Poverty Level In Nigeria intolerable — Osinbajo

NIGERIA’S Vice President, Professor Yemi Osinbajo says no decent nation can tolerate the level of poverty currently ravaging the country and unless there is  a functional social system where the highly vulnerable are assisted to survive, vast majority of the population would die before long.

Professor Osibanjo who stated this in Calabar yesterday while delivering a keynote address on the 10th anniversary of the Late High Court Judge, Peter Bassey Foundation lecture, said those against the Federal Government’s policy of Conditional cash Transfer where those without jobs would be given the sum of N5,000 each to assist them are only being callous and ignorant   of the pitiable plight of large numbers of the population in the country.

IKORODU ROBBERY: Uneasy Calm As Banks Begin Repairs Of Affected Property

Top: Entrances of the banks burst by the armed robbers. Below from left: A victim agonises over her loss; the exit route of the robbers and some of the cars destroyed during the Ikorodu robbery incident. Photos: Bose Adelaja.

UNEASY calm pervaded Ipakodo area of Ikorodu, yesterday, scene of  Wednesday’s bank robbery operation which was led by a lady, during which  everyone was held  spell bound  in a shooting spree that lasted close to two hours.

Airtel Warns Distributors Against Selling Below Recommended Price

Telecommunications giant, Airtel, has cautioned distributors of the network, also known as channel partners, against selling its products below the prices fixed by the company.

The company has been giving out a lot of mouth-watering rewards and incentives to distributors who have been able to achieve mileage in their customer base and sales. As a result, most of its distributors, in order to meet the target, sell below recommended price to attract more customers.

Ambode Kicks Against Indiscriminate Parking Of Trucks

Lagos State Governor, Mr. Akinwunmi Ambode

The Lagos State Governor, Akinwunmi Ambode, says his administration will no longer tolerate indiscriminate parking of trucks on roads in the Apapa area.

The governor said this on Thursday after inspecting major traffic points in the Apapa, Lekki and Ajah areas, adding that he would set up a task force to clamp down on erring truck drivers.

Ambode said traffic congestion in the area was aggravated by human-induced factors, adding that a lasting solution must be found to the problem.

Mixtape: DJ Hacker Jp & DJ Stupid - Gidi Streetz Mix Vol 2

Coast 2 Coast DJs Presents Ukraine Based DJ Stupid & USA Based Ace DJ Hacker Jp On this series of their Coalition Mixtape titled: Gidi Streetz Mix Vol 2, the Vol 1 was dropped lately last year and this is the Vol 2 of the Mix.
Lot of new songs from top Nigerian Artist, such as: Sean Tizzle, Olamide, Wizkid, Presh, Kiss Daniel, Jahbless e.t.c.  Its a banger and this is one of the top 10 Mixtape in 2015 as at today !!!

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Follow On Twitter: @DJStupid & @DJHackerJp

M.I Abaga in Kenya for Collabo Biz: Coke Studio Africa

It was something many lovers of African hip hop had been asking for. Finally! Chocolate city Nigerian rapper M.I Abaga returns to Coke Studio Africa. He was among the first acts to join the show’s first season back in 2013. For the third season (currently being filmed in Kenya), he is working with Kenyan singer Avril in the show’s new mash-up style format. Their songs are being produced by top Nigerian producer Cobhams Asuquo. M.I’s "Bad Belle" and Avril’s "Nikumuona" top some of the hits set to be produced afresh by Cobhams and performed alongside a live band, as directed by South African Grammy Award winning music expert Zwai Bala.

Obama, Buhari Meet July 20 To Discuss B’Haram

The United States President, Barack Obama, will host President Muhammadu Buhari at the White House on July 20 to discuss how to fight the Boko Haram militant group, among other issues, the White House said on Thursday.

“The visit will underscore the United States’ commitment to strengthening and expanding our partnership with Nigeria’s new government,” the White House said in a statement.

‘Don’t impeach Aregbesola’

A group, Asiwaju Grassroots Foundation, has asked the Speaker of the Osun State House of Assembly, Mr. Najeem Salaam, to shun a petition seeking the impeachment of Governor Rauf Aregbesola over the inability of the state to pay its workers’ salaries.

Salaam, on Wednesday, said that the Assembly had received a petition from Justice Folahanmi Oloyede, calling for the impeachment of Aregbesola on the grounds of alleged financial recklessness.

‘Billions Of Naira Lost In Marine Sector Daily’

President, Association of Marine Engineers and Surveyors, Charles Uwadia

The Guild of Marine Surveyors of Nigeria has said that the government should create a conducive atmosphere to reduce losses in the sector.

The President of the body, Mr. Monday Ogadina, who noted that the country was losing billions of naira daily in the marine sector, said this during a press briefing on the guild’s upcoming induction and award event which was slated for the last quarter of the year in Lagos on Wednesday.

“We need a policy document from the government that will enable local surveyors to be more involved in operations in the marine sector. This will also create jobs for Nigerians when there are surveyors at every terminal and off shore,” he said.

DSS Officials Barred From ‘Close Protection’ Of Buhari

Authorities of the Presidential Villa, Abuja have formally removed officials of the Department of State Services from spots where they can perform “close protection roles” for President Muhammadu Buhari.

The decision to restrict the officials’ access to the President was the peak of the inter-agency rivalry that has been rocking security agencies in the seat of power since Buhari was inaugurated on May 29.

Our correspondent on Thursday saw a copy of a memo redeploying the DSS officials from 10 beats that they had hitherto been manning inside the Villa.

Bank CEOs Call For Further Naira Devaluation

Banks’ chief executive officers have called for further devaluation of the naira and restoration of liquidity to the foreign exchange market.

Key players in the banking and oil and gas sectors have also raised the alarm over the “disappearing” flow of funds into the banking sector as well as another round of fuel scarcity in the country.

The concerns were expressed on Thursday in Lagos at a conference, where the Chief Executive Officers of First Bank of Nigeria Limited, Zenith Bank Plc, UBA Plc, Mobil Oil Nigeria Plc, Seplat Petroleum Development Company Plc and Oando Plc were panellists.

It was at the CEO roundtable organised by Bloomberg and the Nigerian Stock Exchange.

Lagos Issues 21-Day Ultimatum To Motorcycle Riders

The Lagos State Government has given okada (motorcycle) riders in the state 21-day ultimatum to leave restricted routes.

The government met with okada unions on Thursday at the state secretariat, Alausa, Ikeja, Lagos, where the ultimatum was given.