EFCC ARRAIGNS STERLING BANK STAFF FOR STEALING N27M BELONGING TO A CUSTOMER.

The Economic and Financial Crimes Commission, EFCC on Monday 3rd August 2015, arraigned one Bawa Momodu before Justice I.E Ekwo of the Federal High Court sitting in Port Harcourt, Rivers State on a 16-count charge bordering on forgery, uttering and stealing to the tune of N27million. The petitioner, Sterling bank Plc, alleged that Momodu, a former staff of the bank, stole about N27m from the account of one of its customers. The accused allegedly forged the signature of the said account holder, and fraudulently withdrew the monies from the bank. 

Investigations further revealed that the said amount was transferred to the Sterling Bank account of one Emilia Ugwandu, who is now at large, in a bid to hide the source of the stolen funds. The accused pleaded not guilty to the charges preferred against him.

THERE IS NOTHING LIKE BUNKERING, STEALING IS STEALING - OBASANJO

Former President Olusegun Obasanjo on Tuesday identified bunkering and vandalism as the “most challenging problems’’ that confronted his eight-year tenure as Nigeria’s President.

Obasanjo made the remark at his Hill top residence in Abeokuta when he received Mr Ade Abolurin (rtd), the former Corp Commandant, Nigeria Security and Civil Defence Corp (NSCDC).

He said that in his bid to effectively tackle vandalism, he ensured that he institutionalised the NSCDC through an Act of Parliament.

THE CLOUD AROUND INEC BOSS "HAJIYA AMINA ZAKARI".

Hajiya Amina Zakari, the Acting National Chairman of the Independent National Electoral Commission (INEC) is still in the news. Her historic appointment made her the first woman to take the helms of the Commission. The appointment is, however, steeped in much controversy.

President Muhammadu Buhari had on June 30 2015, sidestepped Ambassador Ahmed Wali, the National Commissioner nominated by the immediate past substantive National Chairman, Prof. Attahiru Jega, to appoint Zakari, another National Commissioner, as the “acting” National Chairman.

The appointment was denounced by many political stakeholders, especially the People’s Democratic Party (PDP) which alleged cronyism and nepotism on the part of the president. The party argued that Zakari is a close relation of the president.

TEXAS FATHER IMPRISONED FOR LIFE AFTER FATHERING HIS DAUGHTER'S CHILD & ABUSING 2 OTHER UNDERAGE GIRLS. #SAYNOTORAPE.

A North Texas man has been sentenced to life in prison without possibility of parole after being found guilty of sexually abusing several children and impregnating his underage daughter.

Danny Richard Minor, 40, of The Colony, was convicted Thursday on five counts of child sex abuse. 

Prosecutors said that, from 2002 to 2009 while living in Plano, north of Dallas, Minor molested two of his own children as well as an unrelated child.

One of the victims came forward about the abuse in 2009, however the investigation was stalled due to 'conflicting statements', according to the Collin County District Attorney's Office.

SEX WORKERS IN ABEOKUTA HOLD CANDLELIGHT PROCESSION FOR 2 COLLEAGUES MURDERED BY RITUALISTS.

There was mild drama in Abeokuta, Ogun State, Monday night, as scores of commercial sex workers staged a candlelight procession in honour of their colleagues, who were allegedly killed by suspected ritualists, weekend.

Dressed in black apparels, the sex workers, who stormed the state secretariat of Nigeria Union of Journalists, NUJ, Oke-Ilewo, Abeokuta, wailed as they mourned their colleagues.

One of the dead, who was simply identified as Sitira, was found dead at a refuse dump site at Olomoore junction in Abeokuta on Sunday morning.

#POLICEBRUTALITY - HOW OFFICERS OF NPF BEAT AN EIGHT MONTHS PREGNANT WOMAN & KILLED THE BABY.

THE PREGNANT VICTIM- ELEKWACHI

Starring vacantly as if in a daze, she beckoned with a wave from her hospital bed. The gesture was directed at Vanguard Features, VF, reporter, who stood a few metres away in the middle of the hospital’s expansive ward.

Her fixed attention soon gave way to consternation when it became obvious that the writer was being denied access to her by the hospital staff because he is a journalist. ‘’Sir, we are sorry you can’t see her.

You have to be taken to a senior person who may give you the needed clearance to see her,’’ a staff in the ward told VF. On that note, VF was led out by a female employee, while the patient he had come to see, looked downcast.

JONATHAN'S N9.2BN STOVE CONTRACTOR DRAGS FEDERAL GOVERNMENT TO COURT.

The contractor handling the N9.2billion worth of clean cook stoves and wonder bags awarded by the administration of former President Goodluck Jonathan has dragged the Federal Government to court.

The Permanent Secretary, Ministry of Environment, Fatima Mede, disclosed this to State House correspondents on Tuesday shortly after briefing President Muhammadu Buhari of the ministry’s activities inside the Presidential Villa, Abuja.

Mede said the contractor approached the court to order the government not to terminate the contract following the emergence of the present administration.

THE DEBTORS GANG - MRS OIL & GAS OWES FCMB N6.2BN.

The Central Bank of Nigeria-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published their lists.

The lists have the names of popular companies, whose directors are prominent Nigerians appearing among the high non-performing loan defaulters.

MRS Oil & Gas, a major player in the downstream sector of the oil and gas industry, topped FCMB’s list of delinquent debtors with a N6.2bn non-performing loan. The list has 86 names with a combined bad debt of N17.11bn.

PRESIDENT BUHARI SACKS NNPC BOSS, APPOINTS "DR. KACHIKWU" AS NEW GMD.

Dr. Emmanuel Kachikwu

President Muhammadu Buhari on Tuesday relieved Dr. Joseph Dawha of his appointment as the Group Managing Director of the Nigerian National Petroleum Corporation.

According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President has subsequently appointed Dr. Emmanuel Kachikwu as Dawha’s replacement.

Kachikwu, until his new appointment, was the Executive Vice Chairman and General Counsel of Exxon-Mobil (Africa).

THE NAIRA, THE CBN & THE PRICE MECHANISM.

The Central Bank of Nigeria’s (CBN) decision, last week, to bar 41 local business lines from domestic foreign exchange markets violates two basic administrative principles.

First, it appears to punish economic activity, which only recently were the preserve of perfectly responsible citizens. Second, in consequence, it would divert scarce central banking resources away from the more important remit of ensuring price stability, to administrative duties policing the foreign exchange markets in search of foreign exchange markets’ scofflaws.

At first blush, the arguments for this intervention appear very strong. After oil prices plummeted in the global markets mid-2014, the Nigerian economy has struggled. With crude oil export earnings accounting for a sizeable share of government revenues, this straitened circumstance has shown up in a couple of provincial governments’ inability to meet staff salaries.

ABIKE DABIRI'S FIRM & OTHERS OWE BANKS N143.81BN.

Nigerian Deposit Money Banks on Monday continued with the policy of naming and shaming their delinquent debtors with further publication of the names of firms and their directors whose loans have become non-performing for more than one year.

While nine banks published the names of the loans defaulters on Monday, four banks released the lists of their chronic debtors, owing a total of N143.81bn, on Tuesday.

The four banks are First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc.

BEFORE THE BAIL OUT FUNDS ARE DIVERTED.

One of the earliest demands placed before President Muhammadu Buhari, even before he was sworn-in, was a request for financial bailout of states which could not pay their workers’ salaries. It was championed by the governors of the All Progressives Congress (APC) led by Governor Rochas Okorocha of Imo State.

After initially balking, Buhari got the National Economic Council (ECA), through the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance (FMoF), to package a comprehensive bailout fund totalling over 1.2 trillion Naira. The funds were extracted from the Excess Crude Account (ECA), proceeds from the Liquefied Natural Gas (LNG) operations, a CBN special intervention fund and a debt relief package for highly indebted states to enjoy reduced debt service costs.

WE HAVE FOUND THE BANKS WITH NIGERIA'S STOLEN MONEY - PRESIDENT BUHARI.

President Muhammadu Buhari, yesterday, in Abuja said that his administration has identified banks, financial institutions and countries in which payments for stolen Nigerian crude oil have been deposited.

Speaking at an audience with visiting United States Congressmen, President Buhari acknowledged the support and cooperation his administration was getting from the international community in gathering required intelligence for tracing and recovering stolen national resources.

LAGOS STATE GOVERNMENT SEALS KANU NWANKWO'S HOTEL & OTHER WORSHIP CENTRES OVER.

The Lagos State Environmental Protection Agency has sealed a hotel owned by ex-Super Eagles player, Kanu Nwankwo, the Hardley Apartments, on Victoria Island.

The hotel was among other hotels, churches and mosques sealed across the state on Monday over alleged air and noise pollution.

No fewer than 30 facilities were shut in areas, including Ketu, Ikorodu, Ibeju-Lekki, Victoria Island and Surulere.

HOW JONATHAN INCREASED SUBSIDY CLAIM FROM N300M TO N1.9TRN AFTER JUST 6 MONTHS IN OFFICE.

Former Governor of Rivers State, Rotimi Amaechi, has said his refusal to support ex-President Goodluck Jonathan’s bid to secure the support of governors for an upward review of subsidy payments was one of the reasons why they fell apart.

Amaechi also revealed that the former President asked him not to seek re-election as the Chairman of the Nigeria Governors’ Forum because of his principled stand against the unjustified depletion of a common patrimony.

The former governor said this in Abuja, late on Sunday, at a dinner organised in his honour by his friends in Abuja.

WE WILL SUPPORT PRESIDENT BUHARI IN THE WAR AGAINST BOKO HARAM - BUKOLA SARAKI

The Senate President, Dr. Bukola Saraki on Monday assured that he will do everything possible through legislative powers to ensure that the carnage posed by boko haram sect in Borno and other parts of the north east be a thing of the past.

Saraki made the assurance when he led other member delegation to a courtesy call on Governor Kashim Shettima at the Government House Maiduguri.

He said he was in Maiduguri, Borno state capital with his entourage for on the spot assessment of the activities of boko haram and to identify with victims and people of the state over the spate of killings and bombings by insurgents, so that government will come out with better strategy aimed at ending the activities of the dreaded boko haram in the north east subregion.

EFCC QUIZZES NAFDAC BOSS OVER ABUSE OF OFFICE.

The Director-General of the National Agency for Food, Drugs Administration And Control, NAFDAC, Dr. Paul Orhi, has been summoned by operatives of the Economic and Financial Crimes Commission over allegations bordering on abuse of office.

Dr. Orhi is currently being questioned by a crack team of detectives for allegedly awarding huge contracts to companies in which he has interests.

An EFCC top source confirmed that the DG, who arrived the commission’s headquarters around 10am Monday had been making useful statement to its agents.

GENERAL OVERSEER OF RCCG PASTOR ADEBOYE RETIRES 2O PASTORS AT AGE 70

The Redeemed Christian Church of God announced the retirement of 20 Senior Pastors who have attained the age of 70.

The announcement was made at the conclusion of this year’s ministers’ conference (it yearly preceedes the convention) with the General Overseer of the Redeemed Christian Church of God, Pastor E. A Adeboye.

Six of the pastors received awards of Excellence while the remaining 14 got the award of “Fruitful”. Moreover, they all received the G.O’s handshake, plaques and undisclosed sums of money. The church thanked the retirees and prayed for them.

BURUNDI SECURITY CHIEF WHO FOILED COUP ATTEMPT HAS BEEN ASSASSINATED.

A leading Burundian general and close aide to President Pierre Nkurunziza has been killed in a rocket attack on his car in the capital Bujumbura, officials and witnesses have said.

Adolphe Nshimirimana was widely seen as the central African nation's de facto internal security chief and considered by some as the president's effective deputy.

Police and witnesses told the AFP news agency that Nshimirimana's car was hit in a rocket attack in Bujumbura shortly before midday on Sunday. 

CAITLYN JENNER CONSIDERS VOICE SURGERY TO CHECK HER DEEP VOICE.

On the latest episode of I Am Cait, Caitlyn Jenner opened up about the insecurities she faces as a woman as she went on a girls' road trip to San Francisco.

The reality star, 65, confessed she was worried about her deep voice and was considering surgery to make it higher.

She also told her girlfriends - a group of trans women - that she wasn't ready to get into a bathing suit in front of them.

'The pool's too damn cold right now,' she told Jenny Boylan, a writer and co-chair of GLAAD. 'It will happen at some point but I’m in no rush.'