No Politician Is Worth Dying For, Banky W Charges

RnB star and E.M.E boss, Banky W has called on Nigerians to shun violence   during the forthcoming general elections. The pop star who is also known for his advocacy activities  mentioned that no politician is worth dying for and advises Nigerians to vote for the right candidate.
“Just as important as voting is, keeping it peaceful is key. No politician is worth dying for or killing for. We are all Nigerians in this Nigerian struggle. Don’t let any corrupt manipulative person in power try to use you for their own selfish evil gains. We deserve a better Nigeria than the one that we have. So let’s just vote with our conscience for whom we think is the right person to lead and let’s keep it peaceful.”

5 QUOTES FROM OBAMA THAT APC ARE UNCOMFORTABLE WITH

Here are five quotes from Obama’s message that members of the All Progressives Congress (APC) are very uncomfortable with:

1. “Nigeria is a great nation and you can be proud of the progress you’ve made.”

Obama acknowledges that Nigeria has made tremendous progress that we can be proud of. Listening to the APC’s message you would think that Nigeria is not working, and Obama rightly points out that we have made progress under the present Jonathan administration.

Who would want uncertain change over the chance to keep progressing?

Court Orders Globalcom, Others To Pay APC N500m

A Federal High Court in Lagos has ordered the Mike Adenuga owned Globacom Nigeria and five others to pay the All Progressives Congress,APC, N500m for unlawfully shutting down the party’s presidential campaign fund-raising platform.

Fani-Kayode Impregnate Live-In Lover, Wife Issues Threats From Ghana

One of President Jonathan’s attack dogs, Femi Fani-kayode, FFK who is notorious for humiliating women has allegedly impregnated his live-in lover.

Femi Fani-Kayode is an unusual man; he epitomises an oddity of sort. On his best day, he commands the passing tribute of a jeer, on his worst, he elicits contempt and vitriol as a human cesspit attracts ceaseless streams of spittle and nausea. But that is simply one way to look at Fani-Kayode; it would be interesting to know what thoughts he arouses in the women in his life. Bianca Ojukwu would definitely have a thing or two to say about him. Forget Bianca, the former beauty queen and widow to late Biafran warlord, Chukwuemeka Ojukwu, is undoubtedly struggling to forget the bitter and highly embarrassing encounter she suffered when Fani-Kayode recently impugned her womanhood and character in his infamous ‘kiss-and-tell’ fit about Igbo women.

Bukola Saraki’s Cousin in EFCC’s Net!

Ope Saraki, cousin and Senior Special Adviser on Millennium Development Goals (MDG) to Governor Ahmed of Kwara state will on March 19, 2015 be arraigned by the Economic and Financial Crimes Commission, EFCC before a Federal High Court, Ilorin Kwara State, for offences bordering on abuse of office, awarding contracts to his cronies, embezzlement, diversion of public funds, and money laundering. 

Also to be docked by the anti-graft agency is a former Senior Special Adviser on Millennium Development Goals, MDG to Bukola Saraki, ex-governor of Kwara State, and incumbent Commissioner for Information in the Abdulfathah Ahmed administration, Prince Olatunji Oyeyemi Moronfoye.  He is alleged to have used his position as the Senior Special Adviser to the former governor to enrich himself.

How Jonathan Awarded $500 Million Defense Contract To Arthur Eze For Purchase Of Refurbished Helicopters

“The PDP is still failing the basic mathematics,” a political analyst told SaharaReporters.  “They can squander all of the money in the Central Bank trying to damage the reputation of everyone in the opposition, but how does that provide a cover for the ineptitude and corruption of the Goodluck Jonathan government?  Does that explain why Nigeria is far worse than they found it?  That is the question Nigerians will be answering when they go to the polls in three weeks.”

SaharaReporters has obtained documents relating to a scandalously inflated $500 million defense contract that President Goodluck Jonathan awarded to Arthur Eze, a Nigerian businessman with a shady past, a close friend of the president and his wife, and a major financier of the ruling Peoples Democratic Party (PDP).

Our security sources said some officers of the Nigerian Air Force (NAF) were furious over the jumbo contract described by one source as “a pure waste.” The sources, most of them military personnel, told our correspondent that, in addition to its sheer extravagance, the contract has also saddled the Nigerian military with helicopters that have limited or no combat utility.

The documents obtained by our correspondent reveal that Mr. Eze, the chief executive of Triax, received the gigantic sum of $466.5 million in order to weaponize six Puma helicopters with the aid of an Israeli company named Elbit Systems. This meant that each weaponized helicopter cost close to $78 million. “For the price of each helicopter provided by Engineer Arthur Eze, the Air Force could have acquired seven top grade military helicopters,” said one of our sources.

Bank Of Industry’s MD, Rasheed Olaoluwa Goes ‘Lowkey’ Over Multiple Allegation Of Fraud

Information filtering has it that the table has turned on the celebrity status of Bank of Industry (BOI) Managing Director, Rasheed Olaoluwa.

A finding by societyreelnews unearthed that the acclaimed Nigeria’s oldest, largest and most successful development financing institution’s MD has gone lowkey.

This development is attributed to multiple allegations against him- borrowing from BOI with his personal organization and refusal to service loan, including granting of loans to his key loyalists.

Reliable sources revealed that Managing Director of Bank of Industry, Rasheed Olaoluwa who was elected as interim chairman of Ikeja Hotel Plc has resorted to lowkey lifestyle after his activities came under the searchlight of the Board of directors of the bank. It was gathered that few months ago with the directives of the board of directors of BOI to adopt a hard stance against debtors, publishing on its website, 24 blacklisted companies, which allegedly failed to repay loans granted to them, the directors found out that a particular company’s name was omitted.

AIT Received N10 Billion For Damaging Documentaries On Opposition Leaders, Yemi Osinbajo Is Its Next Target

African Independent Television (AIT) owners received N10 billion to produce and air negative documentaries on leaders of the All Progressives Congress (APC), a SaharaReporters investigation shows.

SaharaReporters learnt that the Minister for Petroleum Affairs, Diezani Allison-Madueke is bankrolling the documentary while the scripts and voice overs are being prepared and cut with the help of the Nigeria Television Authority and some Nollywood production companies and working for President Jonathan's re-election.

As a result of the massive deal, AIT, which was in poor financial shape that its principal owner, Raymond Dokpesi, had decided to sell it to the banks to which the station owed several billions of Naira, is now back in good standing. It has also become considerably bolder because of the backing of Mrs. Allison-Madueke and other powerful government officials behind the deal.

Our investigation reveals that AIT receives N5 million each time an episode of any of the documentaries is aired on their channels in different Nigerian markets.

Apart from the cost of producing and airing the documentaries, SaharaReporters found that a team of high-priced lawyers has also been mobilized with about N3 billion to handle any legal threats that may arise from the documentaries. Just last week, APC chieftain Bola Tinubu sued AIT over the documentary on him.

AMCON Takes Over Buruji Kashamu's Hospitality Business Over N5b Debt

Controversial business man and politician, Buruji Kashamu has landed in fresh trouble, as Asset Management Corporation of Nigeria (AMCON) has reopened the debt case hanging on the neck of the man who is reported to be on the wanted list of the US criminal department for drug related offences.

Disgraced Stella Oduah Heads Anambra Airport Project

The Anambra state government has appointed former Minister of Aviation, Princess Stella Oduah, to head its airport development Agency project.
Stella Oduah was sacked on Feb 12, 2014 as minister of aviation following allegations of fradulent bullet proof car purchase.

Diamond Bank To Sell TY Danjuma's NN24 TV Assets Over Unserviced Loans

The much hyped satellite TV station, NetworkNews24 (NN24), has since shut down operations barely two years after it was launched with much fanfare. The company's head office at Oregun, Ikeja, Lagos, has been locked while Mr. Tony Dara, the man said to be fronting for the real owner, former Defence Minister T.Y Danjuma, has since disappeared from the scene.

Billion Naira Fraud: CBN Governor spends Nigeria money on Needless Mansions

While Nigerians continue to wallow in abject poverty, the number one banker, Godwin Emefiele who should be managing her wealth has suddenly found a new love of wasting the nation’s money recklessly.
This is coming barely after six months he mounted the saddle of the Central Bank of Nigeria (CBN) as its Governor. At a time when the Naira is gradually devalued in the international market, the top banker has used the collective wealth of the people to purchase mind boggling properties; the type never seen in the history of the financial institution.

EFCC Arrests Ex Gov ’s Son, Abdul-Aziz

Barely two weeks after the Economic and Financial Crimes Commission, EFCC, declared former Adamawa State Governor, Murtala Nyako and his son, Abdul-Aziz, wanted, operatives of the anti- graft agency, Friday morning arrested the younger Nyako in Gombe, Gombe State. He was immediately flown to Abuja where he is currently being grilled by a crack team of detectives who had been working on the Adamawa investigation for several months.

N74 Bn Abuja, Lagos CCTV Project Rots As ZTE Blames FG For Lack Of Commitment

Three years after the Nigerian House of Representatives initiated a probe into the N74 billion ($470 Million) Nigeria Public Security Communications System (NPSCS) project, award by the Federal Government to a Chinese firm, ZTE, nothing seemed to have happened thereafter, as the project has suffered setback with the massive vandalisation of major components of the installed equipment.

The NPSCS project as it is known has within its schedule, installed Close Circuit Television (CCTV) cameras in the Federal Capital Territory (FCT) Abuja and Lagos.
Regrettably, the purpose for which the project was initiated has been defeated as no case of terrorism, armed robbery, kidnapping or other such related crimes have been detected using the alleged world-class facilities, as it is applicable in other parts of the world.

Endless Queue, Cash Drought Hits Mainstreet Bank

Sometimes ago, it was in the news that the Managing Director/Chief Executive Officer of Mainstreet Bank Limited, Faith Tuedor- Matthews, was suspended by the board of directors of the bank. Just when the management was trying to clear the mess, another crisis involving Intangis Holdings, an American financial and investment company that specialises in emerging markets, threatening to institute legal action against AMCON over the proposed sale of Mainstreet Bank.

Why We Shut Down APC’s Fund Raising Platform –NCC Boss

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Eugene Juwah, said on Monday that the commission banned the All Progressives Congress; APC from using telecommunications service providers’ networks to raise monetary contributions to the campaign of its presidential candidate, Maj. Gen. Muhammed Buhari, because APC flouted the commission’s laid down rules and regulations.

Two MTN Staff Arraigned For Duping Colleagues Of N1billion

The Economic and Financial Crimes Commission, EFCC, on Wednesday, December  10, 2014 arraigned a contractor, Mutairu Babatunde and two former staff of MTN : Victor Akintunde and  Gani O. Mustapha and their companies Primavera Engineering and Construction Limited, and Mabo Dredging Limited before justice Lawal Akapo of the Lagos State High Court sitting in Ikeja  on a 17-count charge bordering on conspiracy, obtaining money by false pretense, forgery, and issuance of dud cheque.

Akintunde and Mustapha, former executive members of MTN Employees Multipurpose Cooperative Society (MEMCOS), ran into trouble when they could not account for more than N1,000,000,000.00( One Billion Naira ), being money contributed by members of MEMCOS who purposed to own houses in the ambitious “Yellow Estate” proposed to them by the executive members.