Thursday, April 30, 2020
Union Bank of Nigeria Plc on Wednesday announced that the institution has recorded gross earnings of N42.6 billion in its unaudited financial statements for the first quarter ended March 31, 2020, Thecitypulsenews reports.
The gross earnings represented an increase of 18 per cent when compared with N36.1 per cent achieved in the comparative period of 2019.
The result released by the Nigerian Stock Exchange (NSE) shows that profit before tax stood at N6.2 billion against N5.2 billion, an increase of 19 per cent.
Also, interest income rose by 18 per cent to N29.7 billion against N25.2 billion in the corresponding period of 2019.
The bank’s net interest income before impairment rose by 38 per cent to N14.8 in contrast with N10.8 billion in 2019, driven by the growth in treasury assets.
Non-interest income appreciated by 18 per cent to N12.9 billion against N10.9 billion in 2019, an increase of 18 per cent.
Commenting on the results, Mr Emeka Emuwa, the bank’s Chief Executive Officer, said the bank maintained focus on executing its strategic priorities in Q1 2020, thereby delivering double-digit growth across all its major income lines.
“Our gross earnings are also up by 18 per cent to ₦42.6 billion from ₦36.1 billion in Q1 2019.
“Our platforms and channels continue to drive our performance as Non-Interest Income increased by 18 per cent from ₦10.9 billion in Q1 2019 to ₦12.9 billion for the period with e-business fees contributing ₦2.1 billion, a 71 per cent growth compared to Q1 2019.
“The current COVID-19 pandemic presents daunting challenges for the global economy and consequently Nigeria and our business.
“Our focus in the short term is on ensuring business continuity through our strong operational risk framework.
“Ensuring the health and wellbeing of our employees by adopting stringent health and safety protocols at our operating branches and offices; and supporting our customers through the crisis.
“We have reinforced our digital platforms to continue delivering value and convenience to our customers, while aligning our focus areas to where opportunities emerge during and post COVID-19.
“We will continue to support the government, private entities and our communities in the fight against COVID-19,” Emuwa said.
The African Union Development Agency (AUDA-NEPAD) and Ecobank Group have agreed to partner on a continental initiative to support African Micro, Small and Medium Enterprises (MSMEs) as they face challenges posed by the Covid-19 pandemic, Thecitypulsenews reports.
AUDA-NEPAD Chief Executive Officer Dr. Ibrahim Assane Mayaki and his Ecobank Group counterpart Mr. Ade Ayeyemi, said one of the objectives of the initiative was to create a one-stop platform which will address the challenges of MSMEs during and post-Covid-19.
It will also be an all-encompassing, flexible and comprehensive one-size-fits-all tool for MSMEs in the formal and informal sectors across the continent; identify opportunities and innovative ways to support and protect MSMEs and job opportunities, especially in food and agribusinesses, technology startups, health specialised entities and those operating along with supply chain operations.
Noting that MSMEs account for an estimated 90 per cent of businesses in most African economies, they added that the framework will help coordinate and harmonise initiatives and ongoing efforts that support MSMEs to gain access to information, finance, and fiscal stimulus during the outbreak.
The platform also aims to ensure that MSMEs have continuous access to national, regional and continental markets, recommending to policymakers, solutions on domestic debts as they are projected to face challenges due to the economic difficulties that the member states will face.
On the initiative, Mayaki said: “The COVID-19 pandemic while affecting global economies, will have a devastating effect on African economies and businesses.
“AUDA-NEPAD and Ecobank Group intend to jointly build a continental platform based on our initial ‘100, 000 SMEs by 2020’ campaign, which will provide an immediate response to the potential impact of Covid-19 on SMEs and job creation on the continent.”
Mayaki added that AUDA-NEPAD will leverage on its existing instruments, networks, and programmes to gather stakeholders around a digital platform that showcases and monitors the progress made.
Ayeyemi said the fragility of some of the African economies is more pronounced with the impact of Covid-19. He, therefore, said a continental coordination was essential to support national measures by governments to curb the spread of the virus on the continent
He further underscored that MSMEs, which form a large part of individual economies in Africa, have little or no absorption capacity to the effect of the pandemic.
“As a long-time partner of AUDA-NEPAD, we welcome the opportunity to work with the to co-lead this continental platform that will empower MSMEs with knowledge, resources, mentoring, technical expertise and financial support to ensure the sustainability of their businesses during and post-Covid-19.
“The objective of the continental platform is indeed, aligned with the Ecobank vision of contributing to the economic and social development of Africa, our home,” Ayeyemi added.
Wednesday, April 29, 2020
On 29/4/2020 at about 1405hours, acting on credible intelligence, operatives from Area G Command and Oko Oba Division arrested 65 suspects at 84 Park Hotel, Augusto Close, Oko Oba. The suspects were arrested for holding a birthday party and consuming some substances suspected to be hard/illicit drugs. Some of the suspects were found in the swimming pool catching fun, in total neglect of the social distancing regulations and the lockdown order. The suspects who are within the range of 16 to 45 years, confessed to have left their various homes to the hotel in defiance to the sit at home order. The Manager of the hotel is equally arrested and the hotel is sealed off by the relevant agency of the State Government. Investigation is ongoing and the suspects will be charged to Court. The Commissioner of Police Lagos State, CP Hakeem Odumosu psc calls on residents to continue to be law abiding. He advises parents to monitor the activities of their children, especially during this lockdown period. Together we can stop the spread of COVID-19.
DSP Bala Elkana
Police Public Relations Officer,
The depth of a mothers love for her children came to the fore recently when the story of Mama Saheed, a petty trader residing at Agbore, in Abeokuta, Ogun state of Nigeria, emerged on social media.
Mama Saheed had stated categorically that she was willing and ready to sleep with anyone for the paltry sum of N500, so that she would be able to feed her starving children. She had been unable to carry out her petty trading, proceeds of which she had been using to sustain herself and her children, due to the Sit-at-Home order from the federal government.
Her story elicited so much pity, empathy and compassion from members of the public and even the Ogun state government, who all came to her rescue and the goodwill was also extended to her neighbours.
Mama Saheed is just one out of millions of Nigerians who are being badly hit by the Coronavirus pandemic currently wreaking havoc across the globe.
Before the pandemic, Nigeria had been struggling with growing and stabilizing her economy, diversifying from a mono economy solely based on oil revenue to massive agriculture based economy, necessitated because of the global crash in oil prices and the attending negative effect on the nation’s economy.
As a result of dwindling oil prices and limited fiscal balance, the International Monetary Fund IMF, had revised the 2020 projected growth rate for Nigeria from 2.5 percent to 2 percent in February of 2020, before Nigeria recorded its first Coronavirus case.
Meanwhile, the country’s debt service-to-revenue ratio is estimated to be at 60 percent and may most likely become worse because of the paralysed economy and the most recent decline in oil price in the global market.
Unfortunately, this negative precedent will contribute significantly to the devastating effect of Covid-19 on the Nigerian economy and make it quite difficult for government to manage the attendant crisis.
Allover social media, we are daily inundated with photos and videos of people crying out for food, families complaining of hunger, people stubbornly and angrily defying the stay-at-home order simply because an estimated 60% Nigerian households, are dependent on daily income and the lockdown directive by President Muhammdu Buhari, which came into effect in Lagos, Ogun and the Federal Capital Territory on 21st March 2020, has halted their daily work and income and this has brought untold hardship to their households.
The three states especially Lagos had been the worst hit by the novel virus, with the first confirmed case announced on 27 February, in Lagos State. The index case was an Italian citizen who works in Nigeria and returned on 25 February from Milan, Italy through the Murtala Mohhamed International Airport, Lagos. He was later transferred to Lagos State biosecurity facilities for isolation and testing after falling ill on 26 February.
Between the first confirmed case on 27th February and April 26, there has been a consistent rise in the infection and death rate despite the lockdown and sit-at-home measures taken by the government to ensure the dreaded virus is contained.
By the 26th of April, the Nigerian Centre for Disease Control, the federal government agency in charge of handling the health crisis and headed by Dr. Chikwe Ihekweazu, announced ninety one new cases: forty three in Lagos State, eight in Sokoto State, six in Taraba State, five in Kaduna State, five in Gombe State, Ondo, Edo, Oyo, FCT, Rivers and Bauchi States had three while Akwa-Ibom, Bayelsa, Ebonyi and Kebbi states had one each and Osun state had two.
A total of 64 new cases from five states was also recorded the following day April 27, 2020. Out of the 64 cases, Lagos had 34, Borno state had 11, Gombe had 2, FCT had 15 and Taraba state had also recorded 2 new cases.
Unfortunately, it doesn’t appear that the figures will be going down anytime soon, because by the following day, the NCDC announced another 195 new cases, which is so far the highest number for a single day.
With these staggering figures which keep rising plus a total of 40 deaths recorded nationwide officially so far, there seems not to be an end in sight to the lockdown and sit-at-home order, because the federal government is determined to reduce to the barest minimum, if not out rightly eliminate the virus from the country.
As the nation’s economic activities prepare to resume, following President Muhammadu Buhari’s announcement of gradual ease of lockdown in the Federal Capital Territory, Lagos and Ogun state from May 4, there is no doubt that the economic fortunes of many Nigerians have depreciated drastically in the past weeks and the chances of coming back strong is even slimmer because, entrepreneurs and startups are suffering globally due to this rising economic uncertainty.
Besides, the United Nations has stated, that alongside other tragic consequences of coronavirus, the slowdown in global economy will cost the world around $1 trillion within the year.
Considering the not so encouraging changes that has occurred globally and in Nigeria within such a short time, the expectation is that the government, business leaders, stakeholders in the world of digital technology and relevant authorities must focus on assisting emerging startups and entrepreneurs in getting back on track.
Nigerians need to feel the impact of the multiple billions of Naira donated to the federal government by individuals and corporate bodies, in order to ease the stress and devastation of the lockdown on the citizens most especially the vulnerable members of the society.
There are speculations that the impending recession may be the worst we have ever experienced in 30 years and could last until 2021 even after the lockdown is lifted.
Recall that the Managing Director of the IMF Kristalina Georgieva had said in a statement earlier in the year that “Nigeria’s economy is being threatened by the twin shocks of the COVID-19 pandemic and the associated sharp fall in international oil prices.”
The Nigerian government must be intentional and conscientious in repositioning the economic fortunes of Nigeria strategically, so that the economy can come out of the looming recession and the post pandemic devastation can be overcome within a minimal period of time.
This is very important because prior to the pandemic, Nigeria’s economy was hinged on a very tight rope, now made tighter by the unprecedented crash in oil prices; raise in exchange rate and the Covid-19 global health crisis.
President Muhammadu Buhari and the Econmic Advisory Team led by Vice-President Yemi Osibajo must make extensive consultations and come up with a workable and actionable economic revamp plan, that will bring a respite to the bus driver, mechanic, market woman, student, civil servants, small business owners, the diverse citizens and masses who voted them into power and entrusted governance into their hands.
Every Nigerian Matters Pre, During and Post Covid-19 Pandemic.
By NGIJ team of Oluwasegun Abifarin and Olawale Abideen
Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc, according to its corporate philosophy, “has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.”
But recent development is threatening the bank’s ambition and reputation “to give every customer a delightful and memorable service experience.”
According to the document received by the Nigerian Guild of Investigative Journalists, NGIJ, Niger State governor, Alhaji Abubakar Sani-Bello in a letter dated 23/07/2015 from the office of the Permanent Secretary, Ministry of Finance, Malam Zakari Abubakar appointed Ori Adeyemo, a Lagos based forensic expert as consultants to investigate deductions of unremitted 10% Withholding Tax on Credit Interest by some banks operating in the state.
However, an instruction was passed by the then Finance Ministry Permanent Secretary to its supervised Niger State Board of Internal Revenue of Adeyemo’s full appointments to cover all the banks in Niger State.
At the end the forensic investigation, the total refundable by the Wema Bank stood at N192, 963 million out of the N4.6 billion due to the state by 12 banks and one Micro Finance institution.
In his petition to the EFCC, obtained by the NIGJ team. Adeyemo alleged he was reliably informed that the Board had given clean bill of health and letters of non-indebtedness to the said compromised concerned banks.
He added that by a letter dated 29/01/2019, Wema Bank Plc. also sent in a reply to the Board’s earlier N192, 963,839.30 Best-of-Judgement (BOJ) demand letter as initiated by us.
The consultant also alleged that the Board “went ahead to try and sell-out this assessment to persons unknown so far who relied on our reports in lowering the assessment to sum for reasons unknown after unbridled reports mutilation and suspected behind-the-scene negotiations all in a bid to deprive the Niger State Government of its hard-earned Internally Generated Revenue (IGR).”
He added that the “total commissions and/or dues fraudulently lost thereto and/or withheld by the Niger State Board of Internal Revenue is N910,422,825.32, which “we hereby request that the EFCC use its wide-ranging investigative powers to help recover for us.”
The petitioner also included a compact disk (CD) detailing all completed jobs in intellectual properties as so far executed by the consultant for the Niger State Government enabling it to demand for an additional but unpaid N732,143,601.52 commission sum.
“Consequently, in the light of the mutual agreement that have with the Niger State Government, we are entitled to 15% of the established N1,131,931,579.67 liability assessment per completed assignments for N178,279,223.80 sum, which we hereby demand that EFCC should assist us to collect from the Niger State Board of Internal Revenue and its collaborators”, Adeyemo said.
Meanwhile, Wema Bank’s Corporate Communication Manager, Mrs. Funmi Falola, debunked the allegations, saying that from their investigation, there is no such liability on the neck of the bank anywhere.
Mubarak Bala, the well-known atheist arrested in Kaduna State for insulting Prophet Muhammed by describing him as a terrorist, equally has a history of mocking prominent Nigerian clergyman TB Joshua.
Many Nigerians woke on Wednesday morning to find #FreeMubarakBala trending on Twitter in Nigeria, spurred by the arrest of President of Humanist Association of Nigeria, Mubarak Bala, over his social media post comparing Prophet Muhammed to TB Joshua of The Synagogue, Church Of All Nations (SCOAN).
However, it can be revealed that hours before his arrest, the prominent atheist also posted a picture mocking the visit of The SCOAN Founder to a ‘prayer mountain’ for prayers against the COVID-19 pandemic.
Bala posted a photoshopped image of Joshua in prayers on his Facebook Page with a scantily dressed lady standing beside him, suggesting she was “satan’s wife” who was “tempting the man of God”.
The day earlier, he shared another taunting post, insinuating Joshua’s visit was merely orchestrated for the purpose of taking photographs.
Bala’s arrest has sparked a deluge of reactions on Twitter, with some Nigerians describing his detention as unlawful and others stating the outspoken atheist was getting what he deserved for making such provocative posts.
In 2014, then 29-year-old Bala was said to have been forcefully committed by his family to a psychiatric hospital in Kano when he renounced Islam.
Though Bala’s family believed he was insane, he was later discharged from the psychiatric hospital after his mental stability was medically confirmed.
Bala has a history of making defamatory statements regarding Islam and other religions, particularly drawing the ire of Islamic fundamentalists in Northern Nigeria.
Tuesday, April 28, 2020
UK-Based Nollywood Actress, Princess Elizabeth Onanuga has for the first time made her opinion about Covid-19 known.
She made this revelation in an interview session via social media by this publication.
She talked on what she feels about the virus, her contributions so far and urged the Nigerian government to remember the citizens
Q – How would you describe this season?
R – It’s a very tough season for everyone, nothing is working anywhere in the world, literally, the world is on total lockdown due to the sudden pandemic that struck the world. It’s a very ugly situation because people find it hard to survive, for over a month, organizations have shut down, it’s really crazy.
Q – How has it affected you?
R – Of a truth, Covid-19 has affected everyone, as an actress, I had planned to release my recent movie titled ‘Too Much’. We have the posters everywhere on the internet, on newspapers before the covid-19 issue came in but since then, I have not been able to do a lot. Apart from that, I’m a business person in the United Kingdom, I haven’t been able to go to work, because of the fear of this deadly virus.
Q – In the United Kingdom, what efforts are the government making to support the needy?
R – Of a truth, the government here is doing fantastic, the government has given out food items, cash, other palliative packages to the citizens who can’t feed this season, they have been awesome. I wish the government of Nigeria can emulate this kind of gesture, it will really go a long way.
Q – How would you say celebrities like you have contributed to Nigerians at this period?
R – Personally, I have done the little I can do, because I am not in Nigeria at the moment, there is limit to what I can do but notwithstanding, I have distributed food items to the old ones in some parts of Nigeria. Other celebrities have done give aways to people too, I can say celebrities have done very well in that aspect.
Q – What Advice do you have for Nigerians?
R – I will advice Nigerians not to mind the conspiracy theories flying around but they should ensure they follow the necessary measures that the NCDC have set. They should maintain social distance, wash their hands regularly, make use of face-masks, take lemon and ginger, above all, pray.
Monday, April 27, 2020
The Lagos State Online Media Publishers (LASOMP) felicitates with Top Corporate Affairs Manager, Mr Ramon Nasir as he becomes a year older today.
The astute media expert who currently manages the image of banking giant, Unity Bank Of Africa(UBA) has no doubt paid his dues to be at the stage he is today.
LASOMP describes him as a top shot in his Industry , one who makes his job a priority and a man who loves to see everyone succeed.
While delivering his birthday message, the president of the association, Sola Adeyemo stated that hardly would the growth of any media organization be said without mentioning the Ramon’s factor, making it known that lots of budding media organizations look up to him for advice and tips about climbing the ladder of success.
‘Personally, Ramon Nasir has been a good friend for a longtime, he’s someone I look up to when it comes to attaining success, he is hardworking and has paid his dues, I’m not surprised at the stage he is now.
As an association, he has been a very reliable person to LASOMP, his advices, his words of encouragement, have been helpful to us all I pray God increases him as he adds a year today’.
As the rampaging Covid 19 pandemic continue to wreak havoc all over the world, fresh revelations have emerged on the alleged coronavirus safety infractions and life threatening working condition by workers of Sunti Golden Sugar Estates Limited, a subsidiary of Flour Mills Nigeria Plc.
Located on the banks of River Niger, in Mokwa, Niger state, Sunti Golden Sugar Estates Limited features 17, 000 hectares of irrigable farmland and a Sugar mill that process 4,500 metric tons of sugarcane per day. At full capacity, the estate is expected to produce 1 Million tons of Sugarcane which roughly translates into 100,000 metric tons of sugar yearly.
There has been accusations and counter-accusations between the company and the workers since the news broke in the media last week.
For instance, the workers alleged that the management had decided to lock down the workers inside the farm without paying their salary or an opportunity to inform their families. Those who defied the order to go and inform their family were said to have been sacked.
The company is also accused of providing hand washing facilities only to places that leads to the expatriates offices, homes or where the expatriates frequently visits, while abandoning the Nigerians to their fate.
Before now, the workers and the community, it is alleged, had been having a running battle with the company over series of workers/community rights infractions which have most times, been suppressed by brutal force employed by police and other security men allegedly at the behest of the company.
Joseph Umolu, FMN’s Company Secretary/Legal Adviser in his response last week debunked the workers’ assertion and explained that the company introduced a strategic response plan for COVID-19.
The new allegation by the workers include the facts that the company had been fumigating premises where the expatriates live at the expense of their Nigerian counterparts.
They also alleged that the ATM machine provided inside the premises had been without money for than two weeks now thereby putting the workers in extreme difficulty. This is aside the fact the suppliers and customers vehicles had been going in out of the premises without covid 19 precautions.
Meanwhile, Samuel Iboroma, FMN Corporate Communication Manager explained in a mail that “our employees who are on-site at Sunti have all voluntarily decided to stay on-site and continue to work to further the company’s objectives of providing healthy and safe food for Nigerian during these tough times.”
And to ensure their safety and reduce their exposure to the virus, he added, “several measures have been put in place, including adequate housing, prompt payment of salaries and proper healthcare including two qualified resident doctors.”
On the frosty relationship between the company and the host community, Iboroma maintained that Sugar Golden Sugar Estates has enjoyed very cordial relations with its host communities.
“Like several of our investments across the country, we believe in partnerships and shared values. We understand that the sustainability of our business depends to a great extent on the socio-economic development of the communities from where we operate. To that end, FMN has, over the years, invested heavily in this regard,” he said.
He also sent a letter of appreciation sent by the Etsu Nupe, Alhaji Yahaya Abubakar acknowledging the receipt of four thousand cartons of chicken indomine donated to the community by FMN recently.
On the allegation of poor working condition, Iboroma argued that the “assertions all wrong,” insisting that “Sunti Golden Sugar Estate remains the first and only greenfield investment under the National Sugar Master Plan that is currently producing raw sugar. Like most of our investments in the food value chain, we are creating jobs and empowering our communities through active collaboration.”
But some of the workers who spoke to our correspondent in the estate last week countered Iboroma’s assertion and insisted that no workers actually volunteered to stay as the stay on the farm order was imposed.
“They were asked to leave if they so wish and that no one will be allowed back in, which practically signifies intimidation. Both staff and casual workers here live practically in fear of sack as people are summarily sacked verbally,” one of them said.
On accommodation, the workers alleged that “it was not until a day or two that they started providing accommodation to workers, putting them as many as 8 in a two bedroom flat or containers in this heat period without any provision of cooling system.”
As regards Covid 19 safety procedures, the workers put his poser: “Why are there no washing points at the road leading to the junior staff quarters and containers? Why are there no washing points at the Factory Estate gate as well as the Portal-Cabin where they have kept many of the villagers who are workers?”
According to them, what obtained presently is that all the points where the workers can have contact with the whites have been barricaded and “when it becomes necessary for a Nigerian to access those points, he must have to wash and sanitize his hands to avoid infecting the foreigners who themselves barely use the washing points.”
Iboroma however insists that all safety measures were designed to ensure that we can continue to maintain a safe and healthy workplace, including protecting against the transmission of Coronavirus and other diseases.
“We perform health screenings regularly and encourage high safety and hygiene standards. All our employees are advised to wash their hands, use alcohol-based sanitizers and maintain social distancing always in line with advice from the World Health Organisation (WHO), Federal and State Health Agencies including the Nigeria Centre for Disease Control (NCDC).”
Friday, 24th April, 2020/ Lagos.
NGIJ Weighs in on Gov. Umahi, Journalists Face-off
Ebonyi Media Ban: NGIJ Urges NUJ, NGE to Investigate Allegation Crisis
The Nigerian Guild of Investigative Journalists (NGIJ) has weighed-in on the face-off between journalists and Ebonyi State government, urging stakeholders to intervene and resolve the brewing crisis.
In a statement released to the media on Friday by Mr Israel Bolaji, NGIJ Vice President, Information& Strategy, the Guild specifically called on the Nigerian Union of Journalists, Nigerian Guild of Editors and other media stakeholders in the country to investigate allegations of deliberate peddling of falsehood and creation of public panic levelled against Ebonyi State correspondents of The Sun newspaper, Chijioke Agwu, and the Vanguard Newspaper, Peter Okutu, by the State governor, with a view to resolving the imbroglio.
Following the arrest and release of both journalists in separate instances within a week, the State governor, David Umahi had on Wednesday banned the two correspondents, from entering Government house and Government facilities in the State for life during a statewide live broadcast aired on the State’s Television and Radio stations.
The governor who had expressed disappointment with the state NUJ officials also threatened that ‘Ebonyi people are very angry with the press and let me warn that I won’t be able to control them or know when they unleash mayhem on you if you continue to write to create panic in the State.’
The NGIJ counselled that, ‘As much as the indisputable role of Journalists as partners and critical stakeholders in nation-building is sacrosanct, the profession upholds the highest level of ethics and standards and expects every practitioner to be responsible.’
“As far as we are concerned, journalists must be free to carry out their duty without any fear or hindrance anywhere within the nation. The Constitution of the Federal Republic of Nigeria, as well as many other international Charters, guarantee that.
“The State government needs the media to continue to act as a watchdog and sensitise the public; that must be continuously done with the highest level of integrity, professionalism and fairness.
“However, if established, the persistent publication of falsehood, inaccuracies and misleading information amounts to libel, which is criminal and totally frowned upon by the NGIJ. Such has no place in professional journalism.”
The assertion of the governor about ‘withdrawing the allowance of the leadership of the NUJ in his state for failure to call the boys to order’ is of great ethical concern and must be investigated.
Also, the NGIJ took note with great concern, the “peace meeting” today between the Ebonyi Correspondents Chapel and the State Commissioner for Information, where the NUJ pledged ” developmental Journalism”. The Guild is of the opinion that the meeting should not have been facilitated without the leadership of national NUJ and the NGE.
“We call on our highly respected veterans and officials of the media bodies to establish the underlying issues, resolve amicably and assure that Ebonyi State, and indeed, the entire nation, remains safe for all journalists to contribute their quota to national development.”
Vice President, Information& Strategy,
Vice President, Information& Strategy,
Sunday, April 26, 2020
EXPOSED: LAGOS SPEAKER, OBASA, GETS N17M MONTHLY FOR MAINTENANCE OF PERSONAL RESIDENCE, GUEST HOUSE.
In this expose, Obasa, through a proxy company, made the state Assembly approve N17m for the monthly maintenance of his personal resident, guesthouse and office, Newsextra gathers.
A reliable source has uncovered yet another corrupt act by Speaker of the Lagos State House of Assembly, Mudashiru Obasa.
In this expose, Obasa, through a proxy company, made the state Assembly approve N17m for the maintenance of his personal resident, guesthouse and office.
Our source had previously reported how the Speaker, who has been head of the Assembly since 2015, used his office to approve the sum of N47.5m per quarter from the state treasury for social media
The money, according to documents sighted by our source was paid to a media company to help publicise the activities of the house.
In documents, Obasa sent a letter he received from General Manager of Extremely Logistics and Cleaning Services Limited, Omoba Adeyinka Oyediran, charging him N25.5m monthly for the maintenance and provision of other essentials at the office of the Speaker, residence and guest house.
“Please refer to our discussion on the need for our company to take up the facility management and provision of other essentials at the office of the Hon. Speaker, residence and guest house.
“Following our indepth study of what the jobs entail, please see the attached. I wish to inform you that to be able to offer satisfactory performance, the details of the financial requirements of the various jobs on monthly basis are as follows.
“Consequent on the foregoing, kindly approve that the management of the House should henceforth release the above stated sums to the company on monthly basis to facilitate smooth and timely execution of the jobs,” the letter reads partly.
On February 22, Lagos Assembly, through its expenditure account, transferred the sum of N17m to the Wema Bank account of Extremely Logistics and Cleaning Services Limited.
A source at the Assembly revealed that the fund was being transferred monthly to Extremely Logistics and Cleaning Services Ltd following directives from Obasa.
During checks with the Corporate Affairs Commission, Extremely Logistics and Cleaning Services Ltd was registered the same year Obasa became Speaker of the Lagos State House of Assembly in 2015.
. Cleric arrested for holding group prayers in defiance to the social distancing directives.
.39 Strippers/clubbers arrested in a night club.
.7 commercial buses intercepted with 95 inter states travellers.
On 21/4/2020 at about 2000hours, acting on information, operatives from Denton Police Station arrested 95 inter States travellers at Bhojson area, Ebute Metta in seven commercial buses with registration numbers LG 91 BGT, Lagos to Benue; BDA 690 XA, Lagos to Abuja; BGA 86 EA, Lagos to Abuja; LSD 459 XA, Lagos to Benue; LRN 105 YR, Lagos to Ilorin; LSD 81 XX, Lagos to Ilorin and BWR 975 PN, Lagos to Abuja. The buses were impounded, the drivers and passengers were charged to Mobile Court and sentenced accordingly. In addition, 211 violators of lockdown order were arrested in different parts of the State and also charged to Court.
2. On 23/4/2020 at about 2230hrs, operatives from Maroko Police Station arrested 10 suspects for organising a party at Lekki Garden. The suspects were arraigned in Court on three counts charges and found guilty as charged. They were sentenced to 6 months imprisonment and community service, to run concurrently. Similarly, 121 violators of lockdown order were arrested in different parts of Lagos State and charged to Court. They were awarded fines ranging from #5000 and #10,000 and two hours community services.
4. The Commissioner of Police Lagos State, CP Hakeem Odumosu psc calls on residents to continue to be law abiding, especially during this lockdown period. He warns against spreading fake news and recycling old videos on social media with new captions that suggest that the incidents happened during the lockdown period in Lagos, mainly to create panic. The Command is investigating sources of such mischievous messages with a view of bringing the perpetrators to Justice. Stop the spread and keep safe. Together we can stop the spread of COVID-19.
DSP Bala Elkana
Police Public Relations Officer,
Oko-Oloyun Worldwide and De-Fayus International founder, Alhaji Fatai Yusuf (Aka Oko Oloyun), has been shot dead by unknown gunmen. ...
My Opinion!!! The Yoruba traditions, norm, customs and culture have been subjected to ridicules. Just two days ag...