SHOCKING: JONATHAN SUSPENDS CBN GOVERNOR "SANUSI LAMIDO SANUSI" WITH IMMEDIATE EFFECT OVER FINANCIAL RECKLESSNESS.

In a desperate and rather shocking move, President Jonathan has suspended the Governor of the Central Bank of Nigeria, the outspoken 'Sanusi Lamido Sanusi', citing financial recklessness amongst other issues as basis. This comes just few weeks after the CBN Governor blew the lid on the non remittance of over $10bn oil money into Federal account by NNPC, a revelation that thoroughly embarrassed Jonathan and his cohorts who are building a financial war chest for the 2015 elections.

Read a statement from GEJ's Media Assistant  below.......

Having taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been characterized by various acts of financial recklessness and misconduct which are inconsistent with the administration’s vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline.

Being also deeply concerned about far-reaching irregularities under Mallam Sanusi’s watch which have distracted the Central Bank away from the pursuit and achievement of its statutory mandate; and being determined to urgently re-position the Central Bank of Nigeria for greater efficiency, respect for due process and accountability, President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the Office of Governor of the Central Bank of Nigeria.

FACEBOOK ACQUIRES WHATSAPP FOR A STAGGERING $19BN TO DOMINATE THE MOBILE SOCIAL PLATFORM.

The mega $19 billion deal between Facebook and Whatsapp has left the people talking about its worthiness. Though, Facebook founder CEO Mark Zuckerberg has explained as to why his company has agreed to pay a whopping $19bn to acquire the messaging service WhatsApp.

It may seem a pure business deal but the kind of money Facebook has agreed to pay the surging WhatsApp reveals the largest social networking site's ultimate aim: to remain on top of its competitors. So, it bought the most popular messaging service, the WhatsApp.

With acquisition of the service which already has around 450 million users, mostly youth, Facebook, which adds around 1.2 billion users monthly, will continue to stay at the heart of social networking.

Additionally, Whatsapp has a huge mobile user base and this deal is going to enable Facebook to dominate the mobile social platform.

Very much like what they did to Instagram, Whatsapp will remain a separate entity, as explained by Mark Zuckerberg in the statement he released after Facebook's decision to buy the messaging service.

Read Mark's statement after the cut.................

(VIDEO) UNIMPRESSIVE MILAN LOSE AT HOME. AC MILAN 0 ATLETICO MADRID 1

    

MILAN 0 ATLETICO MADRID 1

CLICK HERE TO WATCH VIDEO

BAYERN MUNICH THRASH ARSENAL 2 - 0 AT THE EMIRATES

ARS 0 BAY 2

Again, Arsene Wenger's men failed to deliver. It was in all a bad performance by the gunners with Ozil leading the show when he missed a penalty. Bayern munich deserved the victory. They always do.

WATCH VIDEO HERE.

PREGNANT WOMAN WHO CLAIMS SHE WAS GANG-RAPED BY SEVEN MEN FACES DEATH PENALTY IN SUDAN

A nine-months pregnant teenager who claims she was raped by seven men in Sudan is now facing the death penalty after being charged with adultery.

The married Ethiopian woman was just 18 years old, and three months pregnant, when she was subjected to the attack in August last year. She says she was searching for a new home in Omdurman,  near the capital Khartoum, and one of the seven accused lured her into an empty property on the premises of renting it out to her and her husband.

She was attacked and held down while a group of men, reportedly aged between 18 and 22, took turns in raping her, according to the Strategic Initiative for Women in the Horn of Africa (SIHA) network.

Her ordeal was filmed by one of the perpetrators and was circulated on social media via WhatsApp several months after the attack.

(PHOTOS) 26 DEAD IN UKRAINE AFTER MASSIVE ANTI-GOVERNMENT PROTEST.

Thick, dark smoke rose above the centre of the Ukrainian capital amid the boom of police stun grenades on Wednesday, as officers in riot gear sought to push demonstrators away from the city's main square following deadly clashes between police and protesters that left at least 25 people dead and hundreds injured and raised fears of a civil war.

After several hours of relative calm, confrontation flared up again Wednesday afternoon, with hundreds of police amassing on the edges of Independence Square, known as the Maidan, throwing stun grenades and using water cannons in a bid to disperse protesters. 

Thousands of activists armed with fire bombs and rocks held their ground, defending the square which has been a bastion and symbol for the demonstrators.

JONATHAN APPOINTS NEW CHIEF OF STAFF

BRIGADIER GENERAL AROGBOFA

President Goodluck Jonathan named Brigadier-General Jones O. Arogbofa as his new Chief of Staff late Tuesday. The appointment, and Arogbofa’s duties, will take effect immediately. With this latest appointment, the Brigadier General becomes the face of the Jonathan administration, and his public duties will include facing the media for presidential announcements ranging from policy statements, to new initiatives.

JOY AS PA KASUMU BOUNCES BACK - #SAVEPAKASUMU

After a challenging bout with biventricular heart failure, an ailment that seriously affected his heart and lungs, seasoned Nigerian actor, Kayode Odumosu,  popularly called Pa. Kasumu, has considerably regained his health.

His son, Tunde, confirmed this on Monday. According to him, his father has practically recovered and he is back to his old self. He says, “Although he will still be flown abroad for treatment on his knee cap (arthritis related), he can now see better and he is physically fit.

“In fact, his physiotherapist has certified that he can now be left to go out on his own without any assistance or monitoring. “He can also move around on his own. He is a lot better, compared to the time he was bed-ridden.”

EX-BANKER JAILED 115YRS FOR N8.9M FRAUD

I can't remember how many years jail terms Cecilia Ibru, Tafa Balogun & Co got for their various thefts running into billions of naira because the EFCC released the outrageous statement below of 115 years jail term for N8.9M fraud. hehehe........ 

A Lagos High court sitting in Igbosere, presided over by Justice Adebisi Akinlade on Monday February 17, 2014 sentenced Jamiu Seun Odunayo (pictured above), a former banker, to One Hundred and Fifteen Years (115) imprisonment with no option of fine over an offense which borders on fraud, stealing, and obtaining money by false pretense.

The convict was arraigned by the Economic and Financial Crimes Commission, EFCC on 39-count amended charge for fraudulently obtaining money by false pretences, stealing and suppression of funds to the tune of Eight Million Eight Hundred and Twenty Nine Thousand, Six Hundred and Fifty Naira, (N8, 829,650) belonging to a customer and diverted it for personal use.

CULTISTS MURDER 17-YR-OLD BOWEN STUDENT IN LAGOS FOR REFUSING SEXUAL ADVANCES.

LATE OPEYEMI ODUSANYA

The life of a 17-year-old student of Bowen University, Opeyemi Odusanya, has been cut short by some cult members in Lagos. It was gathered that the undergraduate was murdered for allegedly rejecting sexual advances from some youths in the area and also for “being too proud.” The victim was a 300 level student of Biochemistry at the university.

Police authorities told our correspondent that Opeyemi was stabbed to death by the cultists at her parents’ house in the Alakuko area of Lagos on February 3, 2014. Police said that investigations had revealed that the culprits were residents of the area.

A police officer, who wished to remain anonymous, said, “In the afternoon of February 3, 2014, the deceased went to buy airtime for her telephone. As she was returning, a group of cult members trailed and entered the house with her.

(VIDEO) DISAPPOINTING MAN CITY LOST AT HOME TO BARCELONA (0 -2)

MANC 0 BARCELONA 2

CLICK HERE TO SEE VIDEO.

ZLATAN INSPIRED PSG DESTROYS BAYERN LERVEKUSEN IN GERMANY 4-0

B. LEV 0 PSG 4

Zlatan Ibrahimovic is the best striker in the world..... shikenah.... His PSG side mauled german club Bayern Leverkusen at home by 4 - 0... One leg in the Q-finals already....

SEE VIDEO HERE.

EX-MILITANTS AND JONATHAN'S RE-ELECTION BID.

The build-up to the February 2015 general elections, especially as it concerns the fate of President Goodluck Jonathan in the February 14 presidential election has been generating ripples across of the country.

The controversy over the presidential poll assumed a new twist following the argument for and against the eligibility of Jonathan to seek re-election for the highest political office in the country and Jonathan’s kinsmen in the Niger Delta, especially those of Ijaw stock, who probably smelt a rat over alleged clandestine moves by some powerful political gladiators to edge him out of the contest have mustered concerted efforts to back and protect “their own” in the countdown to the election.

2FACE LAUGHS OFF IMPREGNATING BANKER RUMOURS.

International act, 2face Idibia has laughed off rumour that he impregnated his account officer, noting that his life is an open book and he will not be afraid to take responsibility for his action.

The social media was filled with rumour of the alleged pregnancy, with some of them even mentioning the name of the lady in question and the bank she allegedly work with. It was also alleged that the Africa queen crooner has pleaded with the lady to abort the pregnancy with a promise of financial reward.

BLOATED COST OF PACIFICATION IN THE NIGER DELTA REGION

The observation by a chieftain of the All Progressives Congress (APC), Senator Bukola Saraki, that several aspects of the belated 2014 Appropriation Bill failed to give priority to critical sectors; and that it is a blueprint for fiscal recklessness and leakages in government expenditure, are quite distressing. Particularly worrisome is the allocation of N54 billion to the Presidential Amnesty Programme meant to rehabilitate Niger Delta restive youths (militants), vis-à-vis the N46 billion voted as capital expenditure for the military and the nation’s police.

Saraki, a former chairman of the Nigerian Governors Forum (NGF), noted, for instance, the dangers of increased extra-budgetary spending and the impunity with which agencies, including the Nigerian National Petroleum Corporation (NNPC), spent public funds; and serial breaches of budget implementation rules by civil servants. He equally regretted that the budget process had become a mere procedural ritual designed to fulfil a legal condition, rather than a scrutiny on efficient resource allocation and use for the improvement of the welfare of the people. He said N54 billion was budgeted for stipends and allowances for 30,000 Niger Delta militants as follows: Presidential Amnesty Programme (N23.6bn) and Reintegration of Transformed Ex- Militants’ (N35.4bn), while the total capital budget for the Nigerian Army was N4.8bn; and that of the Ministry of Defence Headquarters – Army, Navy and Air Force – was N34.2bn. Saraki likewise flayed a situation where desktop computers would be purchased for N2 million each under the budget of the Ministry of Education, or N1 million each in the Ministry of Works, whereas the market price of each unit is N200,000.

NNPC MUST BE TAMED NOW.

WHO authorised the Nigerian National Petroleum Corporation to unilaterally subsidise the price of kerosene? Unable to satisfactorily answer this simple question, the corporation and its backers in government have been dishing out unconvincing justifications and rebukes to its critics. But the emerging picture is that of a state-owned agency that operates unencumbered by checks or censure and where corruption and impunity have reached unimaginable levels.

At the heart of the latest scandal is money accruable to the Federation Account that, according to the Governor of the Central Bank of Nigeria, Lamido Sanusi, ought to have been remitted by the NNPC. Revising his earlier estimates, Sanusi told the Senate Committee on Finance that NNPC had failed to account for $20 billion of the $67 billion realised from crude oil sales. Since the issue of missing funds cropped up, the NNPC, the Ministry of Petroleum Resources and, curiously, the Minister of Finance, Ngozi Okonjo-Iweala, have been at pains to debunk the claims. After meetings among them, including Sanusi and the Director of Budget, Bright Okogu, to “reconcile the accounts,” CBN now agrees that $47 billion has been accounted for. While Sanusi had initially insisted that $12 billion was still unaccounted for, Okonjo-Iweala and NNPC only agreed that $10.8 billion (N1.68 trillion at N156 to US$1) was yet to be “reconciled.” Later, the NNPC claimed it had “legitimately” spent about 80 per cent or $8.76 billion (N1.366 trillion) on kerosene subsidy, partly on petrol subsidy and the rest on repairs to damaged pipelines.

SMOKE IN A PUBLIC PLACE AND GO TO JAIL - FASHOLA SIGNS LAW BANNING SMOKING IN PUBLIC PLACES IN LAGOS.

A piece of bad news for smokers in the city of Lagos. I personally support this though.

Governor Babatunde Fashola has signed a bill banning smoking in public places in Lagos State, southwest Nigeria, into law.

With the signing of the bill into law today, nobody can smoke in public places anymore in Lagos State as offenders would be made to pay fine or go to jail. The Lagos State House of Assembly had recently passed a bill banning smoking in public places and placed fine of N10,000, three months imprisonment or both for first offenders.

The bill for a law to prohibit smoking in designated places and vehicles, which was sponsored by Gbolahan Yishawu, the lawmaker representing Eti-Osa Constituency 2 at the House, had lingered since last year.

DETAILS OF HOW TIWA SAVAGE ASSAULTED A POLICE OFFICER AND GOT ARRESTED IN LAGOS

Many who thought Mavin Artiste & recently married Tiwa Savage(Mrs Balogun)  is an AJEBO were shocked to hear she actually assaulted a police personnel and was arrested thereafter on Saturday in Lagos. A simple proof that Mrs. Balogun has the full Naija genes in her...lol.

Read as reported by PunchNG.

Mavin Records artiste, Tiwa Savage, has been arrested by the police for allegedly humiliating a policeman who apprehended her for violating some provisions of the Lagos State Road Traffic Law.

Tiwa, often referred to as Mavin First Lady, was said to have argued with the policeman, who flagged her down for flouting traffic rules in front of Eko Hotels and Suites Victoria Island, on Saturday. She was recently signed a brand ambassador deal with Forte Oil, allegedly came down from the vehicle she was driving in and confronted the policeman.

THE SALE OF JUMIA TO FOREIGN INVESTORS...GOOD OR BAD DECISION?

Two young Nigerians founded the online retail store "JUMIA", barely 2 years after, it became a household name catering for the needs of many but..........the founders have sold the company.  Read why they took such a crirtical decision as reported by "The Nation".

Emotions ran high the day co-founders of Jumia Raphael Afeador and Tunde Kehinde broke the news to their young team of 500 experts at their Ogba, Ikeja, Lagos campus that new owners are taking over the business.

Inside the long horizontal office dormitory built beside their 90,000-square foot-warehouse, the largest campus in West Africa, where young men with an average age of 23 attend to thousands of online shoppers at the speed of light, Afeador, noted: “Jumia was an exciting one and a-half-year journey for us. We are extremely proud of Jumia and wish all the best to the company and all the people here.”

BOKO HARAM MURDERS MORE THAN 100 PEOPLE IN BORNO STATE AGAIN!!!!!!!!!!!!!!!!!!

No fewer than 100 people were, weekend, killed in separate attacks in Baga and Izge villages of Kukawa and Gwoza local government areas of Borno State, by Boko Haram insurgents, who also reportedly wounded several others and destroyed property worth millions of Naira. This came as President Goodluck Jonathan said in Lagos, yesterday, that the security challenges facing the country would have been worse without prayers from religious groups across the country.

It has also emerged that the Federal Government may be under pressure to open fresh negotiations with the terrorist group.

President Jonathan, who spoke at the Redeemed Christian Church of God, Olive Tree Parish, in Banana Island, Lagos thanked Christians and other religious groups for their prayerful intercessions for the country. He said, but for their prayers, Nigeria would have been worse than it is in terms of the security challenges.

However, the Military High Command has now suspended further rotation of troops deployed to the North East region to fight the Boko Haram terrorists over alleged discovery that troops now play hide and seek to avoid being killed by the terrorists. The order banning further rotation of troops every six months came into effect on February 3.

Aside the weekend attacks, investigations by Vanguard showed that  the Boko Haram terrorists had killed over 200 people within the last few weeks as well as inflicting severe wounds on residents who lost property worth billions of naira in Konduga, Gwoza and Kukawa council areas of Borno State.

Vanguard gathered from reliable sources that the attack in Baga village bordering the Chad Republic Friday evening, claimed 10 lives, while the Izge massacre at the Cameroon border with  Borno State yesterday morning also left 90 people dead.