Senate Leader Ndume Seeks To Save Magu, Visits Buhari

The report of the Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami (SAN), will decide if the Acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, will retain his job.

The Presidency had, in a statement on Sunday, said President Muhammadu Buhari had ordered the AGF to investigate all top government officials accused of corruption.

The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, in the statement, said any official found guilty of the allegations levelled against him or her would not escape prosecution.

“The attention of the Presidency has been drawn to a number of reports in the media, in which various accusations of corruption have been levelled against some top officials in the administration.

“In that regard, President Buhari has instructed the Attorney-General of the Federation to investigate the involvement of any top government officials accused of any wrong-doing. If any of them are liable, they will not escape prosecution,” the statement had read.

The Senate had, on Thursday last week, refused to confirm Magu as the EFCC chairman as requested by Buhari, citing a negative “security report” on the anti-graft agency’s boss by the Department of State Services.

The DSS, in the report, had said Magu had failed integrity test and would be unfit to drive the anti-graft fight of the government.

Besides Magu, other top government officials recently accused of corruption include the Secretary to the Government of the Federation, Mr. Babachir Lawal, and the Chief of Staff to the President, Mr. Abba Kyari.

It was gathered that Malami was expected to forward the reports on his investigations to the President in January, which would determine the fate of the government officials.

It was learnt that the Senate Majority Leader, Senator Ali Ndume; the National Security Adviser, Major Gen. Babagana Monguno; and a former Chairman of the EFCC, Mallam Nuhu Ribadu, had been making moves to save Magu by reaching out to the President.

Findings, however, showed that the President had yet to take a final decision on the report of the DSS, which stated that Magu was not eligible for the post.

It was gathered that a private meeting between Buhari and Ndume on Monday was part of efforts to save the EFCC boss.

A reliable source, who was privy to the meeting, said that the President was keen on conducting an independent investigation into the allegations against Magu in the DSS report.

The source added that the findings of the investigation would determine if Magu would be dropped or not.

The source stated, “Ndume is very close to the President and one of his closest supporters. The Senate Leader’s visit to Buhari was private but Magu’s issue was raised.

“Ndume made the President to understand that there is a conspiracy against the man but the truth will always prevail and evil will never succeed over evil. Somebody must be there to do the job and it cannot be business as usual.

“Ndume told the President that the Senate had not rejected Magu. He also told the President that the content of the DSS report was not an indictment but mere allegations, the reason why the President ordered the Attorney-General of the Federation to conduct an investigation.”

But Ndume, in an interview with State House correspondents after the meeting with the president on Monday,  said there was no truth in the reports that the Senate  rejected the nomination of Magu as the EFCC chairman.

He said what the Senate had done was to step down Magu’s screening until issues surrounding the security report concerning him were cleared.

Ndume stated, “Let me say categorically that the Senate did not reject Ibrahim Magu as the chairman (of the EFCC).

“What happened was that we slated his confirmation for Thursday. Then, we had an issue of a letter from the Department of State Services that could not allow us to continue with the confirmation without further clarifications.

“So, we then concluded that since we have a letter that we cannot ignore, we cannot do the confirmation. So, it was not that we sat down to take a decision that we have rejected Ibrahim Magu. I want that to come out clearly.

When reminded that the Senate spokesperson said the Senate rejected Magu and would return the nomination to the President, Ndume said the position was not correct.

“I was part of the persons that wrote the short press statement which stated that the Senate cannot continue with the confirmation. It is different from saying that the Senate has rejected him. In fact, we have referred the other four nominees to the committee,” Ndume said.

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Americans Are Pleading With Michelle Obama To Save America In 2020

Many Americans are already looking ahead to the next election in four years’ time. Alongside calls for Kanye West to honor his pledge to run in 2020, many are turning to the outgoing FLOTUS Michelle Obama for hope.

To see why, revisit her rousing speech from this year’s Democratic National Convention, where she told crowds, “Don’t let anyone ever tell you that this country isn’t great, that somehow we need to make it great again. Because this right now is the greatest country on earth.”

See tweets in support of FLOTUS for POTUS below:

 

https://twitter.com/akosiicko/status/796266635598307328?ref_src=twsrc%5Etfw

https://twitter.com/WilliamAdoasi/status/796277577363189760?ref_src=twsrc%5Etfw

 

Pump In Cash To Save Economy, Experts Advise Buhari

The Federal Government should pump money into infrastructure development, which will create more jobs and boost liquidity, economists and private sector players said yesterday.

The Nigerian Bureau of Statistics (NBS), in its Second Quarter Report released on Wednesday, said the economy contracted by 2.06 per cent to record its lowest growth rate in three decades.

The report said the economy shrank by 0.36 per cent in the first quarter of 2016 to hit its lowest point in 25 years. Unemployment grew from 12.1 per cent in the first quarter of 2016 to a record high of 13.3 percent in the second.

Finance Minister Mrs Kemi Adeosun  said:  “It’s the worst time possible for us”. She, however, assured all that things will get better.

President Muhammadu Buhari said yesterday that Nigeria will be prosperous again. He spoke in Osogbo the Osun State capital, at the inauguration of a mega school built by the Rauf Aregbesola administration.

A development economist and financial Expert, Odilim Enwegbara, who is the Chairman/CEO at Pan Africa Development Corporate Company (PADCC), said the government should leverage on its expansive revenue base and spend its way out of the recession.

He said: ”To help our economy, the government needs to pump trillions of naira into infrastructure projects and trillions of naira into social intervention policies so as to make more money available to the citizens to boost their purchasing power, which will make these cash-strapped citizens start consuming, not imported goods and services, but mostly locally made goods.”

By consuming locally made goods, Enwegbara said, more money will get into the hands of local people and artisans. This, he said, will kick-start the once excluded grassroots economy.

In his view, President Buhari needs to inject a minimum of N3 trillion annually into the economy.

 ”Buhari’s social interventionist policies too should, besides making the school feeding programme a priority, monthly stipends of not less than N10,000 (instead of N5,000) should be given to millions of our poor families, widows, elderly, mentally and physically- challenged Nigerians. This should be promoted with the rigour it requires.

Lagos Chamber of Commerce and Industry (LCCI) Director-General Muda Yusuf spoke of an urgent need to inspire investor confidence by ensuring that policies are not only credible and sustainable, but also consistent.

He described this measure as critical in building the confidence of investors, adding that there is the need for the injection of private capital by domestic and foreign investors to turn things around.

Yusuf called for government’s stimulus spending to fast-track the growth of the economy, including the speedy implementation of the 2016 budget.

He said this could have very clear positive impact in pulling the economy out of the woods.

According to the LCCI chief, the energy issue has remained a sore point as a result of the poor supply and the high cost of gas, which in most cases is not available.

He said: “Economic empowerment of majority of our citizens by increasing the purchasing power of the economically excluded is the magic wand which increasing their consumer power should increase production and new jobs. In other words, if by empowering the marginalised and excluded millions deep-seated economic malaise will finally be resolved.”

The Vice President (North West Zone), Manufacturers Association of Nigeria (MAN), Ibrahim Usman, said to move away from recession, the government must embark on infrastructure development to attract money into the system.

He said in other climes, the government drives the economy, giving it direction, but he admitted that there is no quick fix to get out of the recession.

Usman, who is also the Executive Chairman, Powerseal Nigeria Limited, called on the government to quickly end the Niger Delta militancy issue.

The economic think tank of Financial Derivatives Company Limited, led by Bismark Rewane, expressed optimism that “the lower-than-expected figures for July signal a possible tapering in the rate of increase in consumer prices which might improve market sentiment.”

Usman added that market players “are expected to react accordingly”.

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Experts to Buhari: pump in cash to save economy

Financial Tips: Seven Ways To Boost Your Bank Account

With the right knowledge and attitude, you can make your bank account grow faster. “If you have trouble putting money aside in a savings account, maybe the solution is to stop struggling and put things on autopilot,” says a Money Talks News financial expert, Stacy Johnson.

 

Pay yourself first: Payroll deduction is among the best fixes for struggling savers. With this approach, you have money automatically taken from your pay cheque and transferred to a savings or retirement account. Your employer may even allow you to directly deposit pay cheques into multiple accounts. Send any additional income from raises, bonuses, cash awards or other windfalls straight to savings. If your air conditioner breaks down or it’s time to take that cruise, you’ll have a nice sum of money waiting for you in the bank.

 

Round up your savings: Some banks have programmes that automatically round up debit-card purchases, and then transfer the extra amount into your savings account. You get a treat now and “keep the change” to save toward another treat later.

 

Save your change: The low-tech version of the round-up programme is stashing away spare change at the end of each day. Keep it in a jar, mug, glass or piggy bank. When the container is full, turn that change into a bank deposit. Stacy says he turbo-charges this plan by stashing singles as well as coins.

 

Pay with cash: Using cash automatically makes you spend less compared to plastic. An oft-quoted Dunn & Bradstreet study says people spend 12 to 18 per cent more when using credit cards instead of cash. If you’re worried about schlepping back to the ATM to reload your wallet, you will be less tempted to spend more cash than you planned. You will be more inclined to pass on a higher-end model of a product. Also, you will stick to your shopping list and resist in-store temptations to buy more items than you intended.

 

Use rewards credit cards: If you must use a credit card, use one that offers cash back or rewards. Then, you’re earning cash or equivalents without effort.

 

Bank your discounts: What do you do with all the money you save buying bargains? Check your receipts. Most now conveniently tell you how much you saved on a sale item compared with its regular price, or how much you saved by redeeming coupons. Add them up. Did you buy a cheaper generic and save a bundle over a name brand? Track the difference. Make it a habit to reward yourself by placing all the money saved from those bargains into your savings account.

 

Automate your transfers: Check with your bank or credit union about how to set up automatic transfers from your current account to your savings account. This is another way of making sure you pay yourself first. You can even set up sub-accounts and label them for special goals, such as “college fund” or “new car fund.”

 

Now that your savings are on automatic, relax and watch your balance grow.

Buhari Asks World Leaders To Save Lake Chad

Nigeria’s President, Muhammadu Buhari, has called on world leaders to forge a united front to save Lake Chad’s ecosystem from further depletion caused by the adverse effects of climate change.

The Nigerian President made the request at the Leaders Event of the United Nations Climate Change Conference, commonly referred to as COP 21, in Paris.

President Buhari said climate change had continued to pose a threat to Nigeria’s security and development.

He said: “At the sub-regional level, we are saddled with the challenge of the drying up of the Lake Chad Basin, which is resulting in the total wipe out of livelihoods of many communities surrounding this trans-boundary natural resource.

“Regrettably, the world is leaving behind millions of people who depend on the Lake for their survival.

“The Government of Nigeria welcomes the Lake Chad Development and Climate Resilience Plan, and the Lake Chad Basin Commission and international partners for designing this climate-based Plan”.

“In all, the experience of countries sharing the Lake Chad further illustrates the mutual challenge we face today and which must be collectively addressed without further delay”.

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Ways To Save Yourself The Headache Of Divorce By Not Marrying These Type Of Men

1. He puts you down in front of friends and family. 

He can’t wait to tell all your friends about how you completely butchered the pronunciation of “cache” — and brags about his Ivy League education while gently chiding you about your state school degree. Initially, you might laugh it off as no big deal, but as marriage therapist Kristina Fecik points out, do you really want to be in a serious relationship with someone who thinks it’s OK to mock you?

“It’s especially bad if you tell him that it bothers you and he continues, dismissing your feelings of embarrassment,” the Fort Lauderdale-based therapist said. “Well-known marriage researcher John Gottman has found that contempt — any statement or non-verbal behavior that puts you on a higher plane than your partner — is the single best predictor of divorce.”

2. You’re polar opposites. 

Opposites attract but only up to a point. If you’re a left-leaning introvert who lives for takeout-and-Netflix weekends and he’s an extroverted Republican who can’t pass up a party invite, you’re going to butt heads sooner than later, said Marina Sbrochi, a dating expert and the author of Stop Looking for a Husband: Find the Love of Your Life.

“Get ready for battle around month five,” she said. “It might be fun for the social butterfly to enjoy having his homebody all to himself… until his friends come calling and endless invitations for social events start pouring in. Then he’ll find you boring. The truth is, if you don’t have any common ground, you don’t have any common ground to have a long-lasting relationship.”

3. He’s resentful of your friends, family and outside interests. 

At first, you may find it flattering that he wants to spend all his time with you. But it’s a red flag if he goes overboard and picks a fight every time you choose family and friends (or your hobbies) over him, said Alison Patton, a San Diego-based divorce attorney and mediator.

“You could be dating a controlling narcissist,” she said. “This type make you feel special and pampered during the dating phase — gifts, outings and trips for two — but underneath it all is a need to be the center of your world all the time. Throughout your marriage he will undermine your attempts to have outside relationships and your own interests.”

4. Your friends and family want nothing to do with him. 

Your friends and family were never going to be as head-over-heels in love with your S.O. as you are. But if the majority of them think there’s something seriously wrong with your Mr. Right, you may want to stop and take notice, said Patton.

“Our own inability to see the truth about someone while dating is the reason the divorce rate is so high,” she said. ” Often your friends and family do know best.  In the words of H. Jackson Brown, Jr., ‘Marry the right person. This one decision will determine 90 percent of your happiness or misery.'”

5. There’s no sexual chemistry between you and him. 

The hot and heavy, we-can’t-keep-our-hands-off each-other phase isn’t going to last forever; after all, your desire for your spouse ebbs and flows through the years. But if there’s not even a sexual spark in the beginning, it should give you reason for pause, said Virginia Gilbert, a Los Angeles-based marriage and family therapist.

“You tell yourself that’s OK because he’s a ‘nice guy’ and you’re looking for stability, and you think he can provide it,” she said, “But while you don’t need to marry Mr. Best Sex Ever, you do need to walk down the aisle with a guy who turns you on. Most couples have to work to keep sex exciting over the long haul, but you won’t be able to do that if you don’t have a strong foundation of mutual sexual attraction and desire to begin with.”

6. He’s really, really ridiculously good looking — and that’s about it. 

He may look like a young Johnny Depp but if there’s no depth there, you’re probably going to get bored with him, Sbrochi said.

“I’ve been down this road and it does not end well,” she instead. “Instantly you are imagining how amazing you would look together walking down the aisle — but on each date you find that it’s like pulling teeth to even get a sentence out of Mr. McDreamy. When he finally does talk, it’s lacking substance and depth. Face facts: his good looks can only take him so far.”

7. You’re more invested in sharing a wedding day with him than sharing a life. 

Don’t allow yourself to fall for the good-on-paper type without digging deeper to see if you’re compatible. And certainly don’t cast aside your doubts just because your biological clock is ticking, said Fecik.

“It’s common to get caught up in the fantasy of the wedding day — or see a guy as a decent candidate for a husband just because you’re baby-ready,” she said. “But take the time to get to know your partner before you get to know the wedding planner. Don’t wait to discuss the important issues eight years later, when you and your hubby are on a marriage therapist’s couch.”

Credit: HuffingtonPost

Termination Of Oil Swap Deal Will Save Nigeria $13.8 Million Daily

The termination of the controversial offshore dispensation and oil swap agreements by president Muhammadu Buhari, may save the country an average of 230,000 barrels a day. At a market price of an average of $60 per barrel, the country would be saving about $13.8 million of crude oil daily.

Nigerian National Petroleum Corporation (NNPC) data show that the corporation allocated just over 79 million barrels (or roughly 218,000 barrels a day) to swaps in 2011 alone. This accounted for nearly half of the Domestic Crude Allocation (DCA) and around a tenth of the country’s average daily production.

Read More: ngrguardiannews

Kaduna Refinery To Save Nigeria $5.33 Million Daily

Kaduna Refining and Petrochemicals Company (KRPC), will save about $5.33 million daily for the country when the refinery hits 90 per cent production capacity, the refinery’s manager in charge of production programming and quality control, Shehu Malami, has said.

Speaking at a two-day annual Energy Correspondents Workshop, themed “Development Communication: An Imperative for the Oil And Gas Industry” in Kano, Mr. Malami said KRPC, otherwise known as Kaduna Refinery, would soon hit 90 per cent production of its installed capacity.

Reports gathered that the refinery operated at 60 per cent production capacity before commencement of the Turn Around Maintenance (TAM) in October last year.

Giving the breakdown on different petroleum products, the manager said the nation will save $1.892million daily on petrol alone.

“The impact of KRPC operations on the economy means that if the refinery operates at 90 percent capacity, it will save the nation $1.892million from importation of Premium Motor Spirit (PMS).

“At same 90 percent, KRPC will save $672,546 daily on importation of Kerosene, $1.86 million daily on import of diesel, $176,727 daily on importation of LPG and $727,306 million daily on import of Fuel Oil.

“This represents a total savings of $5.33 million daily for fuel products only,” he said in a paper he delivered.

Read More: premiumtimesng

OPC Helped Nigerian Govt. Save N3 bn- Gani Adams

The National Coordinator of the Oodua Peoples Congress, Gani Adams, on Wednesday said the group saved the country N3billion that would have been lost to the cartel in the oil sector.

Mr. Adams made this known while speaking on a radio call-in programme, “Day Breakshow” of Rockcity F.M Radio Station, Abeokuta. He lamented that the Nigeria National Petroleum Corporation, which signed the contract, is still owes the association even after the expiration of the contract.

The OPC, during former President Goodluck Jonathan’s administration, got awarded a contract to protect the pipelines facilities in the South-West of the country.

Mr. Gani said in the course of protecting the pipelines, the group lost two of its members to the vandals, adding that several others also sustained various degree of injuries, and are still undergoing medical treatment.

The Congress leader said he was optimistic that the authorities of the NNPC would not renege on the contract agreement since it was a legal agreement.

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Save Coastal Settlements, Bayelsa Monarch Appeals To FG

Chief Howells Levi, the paramount ruler of Olobia Community, Koluama in Southern Ijaw Local Government Area of Bayelsa, has appealed to the Federal Government to protect their settlements from extinction.

Levi told media personnel on Monday at Yenagoa that a violent surge had, in July 2014, rendered hundreds of Koluama residents homeless as their homes were washed away by the Atlantic Ocean.

The monarch explained that the coastal community located along the Atlantic coastline in the state, had lost substantial territory to marine erosion and tidal surge, forcing residents to retreat.

According to him, the Federal Fishing Terminal constructed by the Federal Government has been washed away by the violent Atlantic tide which is still threatening to submerge the remaining settlements.  “Koluama is faced with erosion and the erosion is so serious that within the next five years, from what we see there, the name Koluama will no more (be) in the history of Bayelsa State.

“The people of Koluama want the government to protect the shore, so that we don’t want to be removed from that environment, government should protect the shore.

“The whole land is eroded, and we see that it is the company in that environment that has caused this problem for us, because of constant exploration activities.

“And so, we will like the government to come to our aid by securing the shore for us.”

He said that the environment of the oil rich area had also suffered the adverse effect of oil and gas exploration and regretted that the people were facing serious threats of losing their ancestral home land.

The traditional ruler also appealed to the Federal Government to provide social amenities to the coastal settlements to enable them have a sense of belonging.

Reacting to the claims made by the monarch, the General Manager of Policy, Government and Public Affairs at Chevron Nigeria Limited (CNL), Deji Haastrup, said that the operations of the company were environmentally safe.

According to him, there is no scientific basis to link CNL’s activities offshore Bayelsa State to an ocean surge which is normally caused by a rise in sea level. “At CNL, we conduct our business in accordance with international best practices and in accordance with the highest ethical and environmental standards which helps to maintain the integrity of the environment wherever we operate.

“This includes offshore Bayelsa State. We have integrated environmental protection into every aspect of CNL’s activities and operations as prescribed by the company’s Policy of Protecting People and the Environment.”

Credit: NAN

Save Buhari From These People, Fayose Pleads With Nigerians

Ekiti State Gover­nor, Ayodele Fayose, has called on Nigerians, espe­cially northern leaders General Muhammadu Buhari  from former Lagos State governor, Senator Bola Ti­nubu, and his cabal in the party.

The governor, who said he was worried that Tinubu and his group were pushing Buhari too much because of their selfish interests, said “Nigerians should appeal to Tinubu and his cabal to allow Buhari attend properly to his health.”

In a statment by his Spe­cial Assistant on Public Com­munications and New Media, Lere Olayinka, Fayose said: “Since last week Thurs­day that Buhari appeared for less than two hours at the Chatham House where he said his doctors certified him fit and that he was returning to Nigeria for the ‘final on­slaught on the PDP,’ he has simply disappeared from the public glare.

Read More: dailypost