Monthly Archives: July 2016

Nigeria’s Apex Bank In Foreign Public Relations Contract Scandal

The Central Bank of Nigeria (CBN), has given itself a new mandate and it has nothing to do with money matters. It does not even have anything to do with stabilising the foreign exchange regime or strengthening the naira, desirable as that task is.
The new role of Nigeria’s apex bank is to launder Nigeria’s image abroad.
In what is the latest in a trend of frivolous and wasteful spending of tax payers’ money, the apex bank in April engaged the services of APCO Worldwide Inc., a public relations and political consultancy firm based in Washington DC, to help launder the image of President Muhammadu Buhari’s administration and the country in the United States.
In the last three years, the has tracked many of such controversial contracts amounting to over $6 million dollars awarded by different agencies of the Nigerian government to foreign firms to launder the country’s image abroad.
From our investigations, such contracts, it appears, are mere conduits for siphoning public funds.

It Wasn’t me! Rahma Indimi Absolves Self Over Audio Leakage Of Ex-Husband, Mohammed Babangida

Just like Chinua Achebe’s Things Fall Apart, its such a way to describe the present state of affairs in the home of the son of former Head of State, General Ibrahim Babangida, Mohammed.

An audio leak where the polo buff was saying derogatory things about his wife has blown to the public while the ex-wife, Rahman who was fingered to be the plotter behind it has come out to vehemently denied knowing where and how the audio came to life.

A furious Rahma, daughter of billionaire, Alhaji Indimi took to her instagram page and posted “it is rather unfortunate that people you confide in can just go through your phone and post such an embarrassing audio of you know who. It is no secret that we have been divorced and I did not hide it. He is the father of my children and I do respect him. The leakage of the audio was done in poor taste so people pls stop tagging me…What goes on in his house is his business and not mine…’

According to those in the know, Umuani was the first woman Mohammed ever fell in love with. Though he later married Rahma but he didn’t stop loving Umuani and that was why he announced his decision to take a second wife after four years of living with Rahman as man a wife, a decision that provoked the first wife and later led to the collapse of their marriage.

Mohammed is claimed to be very sad with the audio leakage and has vowed to unravel the identity of whosoever is behind the leakage with the intent of measuring punishment.

Hush! Agagu’s Children On Spending Spree As Family Discovers Huge Money In Late Politician’s Bedroom

Hush! Agagu’s Children On Spending Spree As Family Discovers Huge Money In Late Politician’s Bedroom

This is the best of times for the children of the late former Minister of Power and Steel and ex-Governor of Ondo State, Dr Olusegun Kokumo Agagu with news that a huge discovery was made recently when the family was sanitising his bedroom.

The politician’s Bodija, Ibadan home is said to be the late politician’s vault where he kept his valuables while alive and the family didn’t really have the time to check the house based on the unfortunate circumstance that trailed the late politician’s death when the plane conveying his corpse from Lagos to Akure crashed and many sympathisers lost their lives.

The family were said to have checked the house recently and behold! Stuffed inside the late politician’s closet were wad of crisp notes in foreign currency which they didn’t know existed.

One of the late politician’s children, Feyi is said to have been making good of his share of the money with the acquisition of some properties in Lagos while he is presently making request into choice properties also in Ibadan.

Before his death, Agagu was a University teacher, Deputy-Governor, minister of power and steel, minister of aviation and later the Governor of Ondo State.

Zenith Bank is Most Customer-Focused Bank – KPMG

Zenith Bank Plc has again been ratedNigeria’s most customer-focused bank by the leading Advisory and Consultancy firm, KPMG.

In the 2016 edition of the annual banking industry Customer Satisfaction Survey recently released, Zenith topped other Nigerian banksin the Customer Satisfaction Index (CSI) with a total of 74.6 pointsto clinch the prime positionin the retail banking category; thereby re-enacting the feat it achieved in 2013 and 2014.Guaranty Trust Bank came second with 74.1 points closely followed by Diamond Bank and Stanbic IBTC with 73.5 and 73.1 points respectively.

The survey, launched in 2007, draws responses from customers across the retail, SME and corporate banking segments on customer preferences, levels of satisfaction and expectations from their banks.

Protest, Anger Trail Mass Sack At OAGF

No fewer than 71 accounting Officers, employees of the Office of the Accountant General of the Federation (OAGF),who were recently disengaged by the Federal Civil Service Commission (FCSC), have petitioned, Alhaji Ahmed Idris, Accountant General of the Federation, (AGF) and Joan Ayo, Chairman the FCSC, over what they termed unjust termination of appointment.
They alleged that for no just cause, the appointment letters they were offered in 2014 after undergoing interview, screening and documentation, were suddenly withdrawn in 2016 without cogent reasons.
They averred that their engagement followed laid down civil service rules and regulations and therefore were at loss of what led to the termination of their appointment after waiting for two years to be posted to offices across the country.
They also alleged that while some who have people in government were retained and posted, they were shown the exit door for reasons unknown to them.
They asserted that the way they were treated was “malicious, insensitive and the height of injustice”
According to them, “this petition relates to issues which involve sizeable number of Nigerians whose careers are being put at stake through malicious actions of the two officers of FCSC and AGF”

Ramadan Disaster! Scores Killed In Stampede At Tinubu’s Gift Presentation

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As unusual as it was, the gesture of APC chieftain and former Governor of Lagos State, Asiwaju Bola Tinubu to reach out to the masses during the festive period of ramadan turned ugly this year as people died and many were injured at the venue of the presentation of gifts and materials in Lagos.

The Onikan stadium, Lagos venue of the Bola Tinubu’s Foundation of free gifts turned to a slaughter slab as a stampede occurred where two were feared killed while many sustained serious injuries.

The main victims were women and the children who were trampled upon by the mammoth crowd that gathered to benefit from the freebies.

Sources blamed the logistics by the planners with claims that ‘there was no proper arrangement on crowd control and there was not a single ambulance at sight in readiness for a situation like this’.

The wounded were seen being ferried on stretchers to nearby hospitals while the dead were taken to the mortuary.

According to an eye witness who spoke to papermacheonline. ‘I counted 5 dead bodies and several others that are wounded. Most of the dead were the old and children who couldn’t regain their stand immediately they fell and were trampled upon’.

A popular online portal, Societyreelnews contacted the coordinator and special assistant to Asiwaju Bola Tinubu on the telephone and he confirmed there was a stampede and claimed he could not speak on the number of lives that were lost.

The unfortunate incident was said to have thrown the Lagos politician into mourning as he had never experienced such in over a decade he had been reaching out to the masses during the Sallah, Ramadan and Christmas periods.

Skye Bank Unveils New Executive Management

The CBN has approved the reconstitution of the Board of Skye Bank PLC. By the reconstitution, Alhaji M.K Ahmad has been appointed as the new Chairman of the Board, while Mr. Tokunbo Abiru has been appointed as the new Group Managing Director and CEO. Messrs. Other members of the reconstituted Board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu, all of whom were serving in the capacity of Executive Director of the Bank prior to now.

The reconstitution of the Board followed the voluntary resignation of the former Chairman, Dr. Tunde Ayeni and other Non – Executive Directors of the Bank, namely, Mr. Victor Odozi, Mr. BabajideAgbabiaka, Dr. Jason Fadeyi, Mr. KunleAluko, Mr. Victor Adenigbagbe, Mr. Abdul Bello and HajiyaAmunnaLawan Ali. In the same vein, Mr. Timothy Oguntayo had resigned his position as Group Managing Director / CEO, alongside Mrs. AmakaOnwughalu, Mr. DotunAdeniyi and Mrs. Ibiye Ekong who resigned their positions as DMD, and Executive Directors. All the resignations take immediate effect.