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http://ift.tt/2r89ivv Periods of social anomie  open opportunities for   delinquents to thrive in society. And so Nigerians discovered on Tuesday, June 6, 2017 when separate groups of self-styled Northern youths at a joint press conference in Kaduna, issued an infamous declaration that ordered Igbo living in the North to leave the region before October 1, 2017. The youth groups who had been unknown until their villainous outing, in a rather remarkable way birthed themselves into odium with their declaration. The basis of their declaration was the May 30 lockdown of the South-East and parts of the South-South, orchestrated by the Indigenous People of Biafra, IPOB, to commemorate the 50th anniversary of the proclamation of the now defunct Biafra. The declaration was laced with so much vitriol that should not have emanated from a Nigerian towards another. Besides the ultimatum to the Igbo, the Northern groups also declared the readiness of the North to leave the federal arran...

http://ift.tt/eA8V8J By Emeka Anaeto LAST week we focused this series on Guarantees or Surety where a third party signs up to repay the loan in the event that the borrower fails to or couldn’t repay. I can always go online to read up the eight previous editions. In this edition we move on to use of cash as security for a business loan. Security for a business loan Most banks treat cash as the best type of security for loans probably because there are no obvious problems of valuation, depreciation and realization in case of default. There are two ways by which cash could be held as security; 1.) Where the customer uses the credit balances in an account as security for a short term credit facility (an overdraft), and 2.) When cash is deposited by a third party, e.g. guarantor, expressly to secure the debt of the customer, e.g. the principal debtor. Note that when cash is used as security the borrower would need to maintain two or more accounts (whether current, savings or deposit o...

http://ift.tt/eA8V8J …Also okays 2 others By Henry Umoru ABUJA — The Senate, yesterday, confirmed the appointment of three non-career ambassadorial nominees and ignored the report of the Department of State Service, DSS, not to confirm the nomination of 82-year-old Sylvanus Nsofor. The upper legislative chamber confirmed the appointment of the nominees after it considered a report of the Committee on Foreign Affairs. A Department of State Service, DSS, report had suggested that Sylvanus Nsofor, an 82-year old nominee from Imo State, was unfit to hold office owing to his age, but the Senate ignored the report and confirmed his appointment. The Senate had twice rejected the appointment of Ibrahim Magu, Acting Chairman of the Economic and Financial Crimes Commission, EFCC, citing a DSS report. Although, the upper legislative chamber had rejected Nsofor’s appointment, President Muhammadu Buhari re-nominated him. Other nominees, who are now ambassadors-designate are Joseph Iji from ...

http://ift.tt/2pnSJuR Justice Rita Ofili-Ajumogobia.<br /> The founder, Cheif Executive Ofdicer of Arkleel Oil and Gas, Dr Gregory Ero has told a Lagos High Court, Ikeja how embattled Federal High Court Judge, Justice Rita Ofili Ajumogobia stopped picking his calls after she borrowed N18 million from him to buy a property in the UK.     Ero in his testimony before Justice Hakeem Oshodi claimed that despite Ajumogobia promising to repay the money after sometime, she stopped picking his calls.Ero is the ninth prosecution witness for the Economic and Financial Crimes Commission in the ongoing bribery and corruption trial of Ajumogobia and a Senior Advocate of Nigeria, Godwin Obla,  According to him, I knew Ajumogobia sometimes in 2002 before she became a Federal High Court Judge. She was employed when we outsourced for a secretary.“She was paid ad hoc fees as we did not have a a regular structure as at then. She worked with us for two years before she was appoin...

http://ift.tt/eA8V8J Recent winners of the Europa League/UEFA Cup ahead of Wednesday’s final between Ajax and Manchester United in Stockholm: 2015-16: Sevilla (ESP) 2014-15: Sevilla (ESP) 2013-14: Sevilla (ESP) 2012-13: Chelsea (ENG) 2011-12: Atletico Madrid (ESP) 2010-11: Porto (POR) 2009-10: Atletico Madrid (ESP) 2008-09: Shakhtar Donetsk (UKR) 2007-08: Zenit Saint Petersburg (RUS) 2006-07: Sevilla (ESP) The post Recent Europa League winners appeared first on Vanguard News . Vía Vanguard News http://ift.tt/2qJI8xV

http://ift.tt/eA8V8J Senator Dino Melaye yesterday went spiritual on his twitter handle praying and prophesying to many of his fan on Twitter. Melaye in one of the tweets prophesied ‘every chain tying you down to the same spot of frustration and poverty break now in the mighty name of Jesus.’ While many tweeted back ‘Ame’ Aremo‏ @octshalom reacting to Melaye’s prophesy retweeted ‘I also prophesy that all thieves/politicians who are looting our money will be tied down by chains and never be loose. #ajekuniyalooje’ //storify.com/Adekunle2/melaye-goes-spiritual-turns-prophet/embed?border=false //storify.com/Adekunle2/melaye-goes-spiritual-turns-prophet.js?border=false [ View the story “Melaiye goes spiritual, turns prophet ” on Storify ] The post Thieves/politicians looting our money will be tied down by chains, Melaye told appeared first on Vanguard News . Vía Vanguard News http://ift.tt/2qhEKuz

http://ift.tt/eA8V8J By Emeka Obasi Nigerian history without Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo is like Lagos without a sea port or Onitsha without the River Niger Bridge. Both men had a lot in common, even when they departed it was in the same month of May. Zik and Awo were clerks, teachers, journalists, leaders of opposition, regional ministers, premiers and politicians. The former dropped his colonial name Benjamin, the later put aside his Christian name Jeremiah. As politicians they were great rivals. Dr. Azikiwe ended up as the First President of the country after serving as the last Governor–General. He also was the first indigenous President of the Senate. Chief Awolowo was not so lucky, the Presidency eluded him. In 1979, the Supreme Court had to rely on technicalities and political mathematics to give a verdict that knocked out the sage who had earlier served as de facto Number Two man under General Yakubu Gowon between 1967 and 1971. Zik was Owelle of Onitsha,...

http://ift.tt/2pOUZyl By Isabella Akinseye E ric Aghimien is the man who brought us one of Nigeria’s best action flicks, the award winning ‘A Mile From Home’ which helped to launch the acting careers of Tope Tedela and Sambasa Nzeribe. The pair have both gone on to win AMVCA awards in categories full of veteran actors. The Berlinale Talents alumnus returns again with another action packed thriller, ‘Slow Country’ which first opened at the 2016 Africa International Film Festival (AFRIFF) where it won the Audience Choice Award and premiered in Lagos last week. The movie follows the story of Kome (Ivie Okujaye), a homeless teenage mother who resorts to working for a ruthless drug king pin, Tuvi (Sambasa Nzeribe) as a prostitute and trafficker. After seven years in service and with the return of her ex-boyfriend Osas (Tope Tedela), she is ready to call it quits but Tuvi is not ready to let go of his most trusted cash cow. Hits Special effects. Aghimien hits the ground running with s...

http://ift.tt/eA8V8J M EMBERS of Alpha-May Club will roll out the drums to celebrate the 32nd anniversary of the club. Theme of the celebration is “ The Itsekiri: People, Land and Crown ,” slated for  May 7, 2017. Venue is Standard Alliance Hall, Providence Street, Lekki Phase 1, Lagos. Guest Speaker is Chief Edward Ekpoko the Tolureju of Warri.according to Alex Eyengho, Social Secretary of the club.   The post Alpha-May Club marks 32nd anniversary appeared first on Vanguard News . Vía Vanguard News http://ift.tt/2qGjMmB

http://ift.tt/eA8V8J By Akintola-Benson-Oke INDEED, on the occasion of the 38th presentation of Retirement Benefit Bond Certificates to retirees under the Contributory Pension Scheme created Section 3 of the Lagos State Contributory Pension Scheme law of 2007 (hereinafter referred to as “the Law”), it is important to pause and enumerate how the Lagos State Government under Governor Akinwunmi Ambode has consistently demonstrated its commitment to the post-service welfare of its officers. The vehicle for demonstrating this commitment has been the Lagos State Pension Commission, LASPEC, which was established as a corporate entity to regulate, supervise and ensure the effective administration of pension matters in the Lagos State Public Service. The passage of the law itself was in response to the new model and standards of pension administration formulated under the federal Pension Reform Act 2004. Without an iota of doubt, LASPEC has performed brilliantly and commendably in dischargin...

http://ift.tt/eA8V8J By Emeka Mamah Enugu —  Ohanaeze Ndigbo has set up a committee to develop an economic blue-print for the South-East, its President-General, Chief Nnia Nwodo, has said. Nwodo said: “The Planning and Strategy Committee, headed by former Governor of the Central Bank of Nigeria, CBN, Professor Chukwuma Soludo, with Mazi Sam Ohuabunwa as deputy and Ferdinand Agu, will design an economic road map for Ndigbo. It is a rapid response to our new call on our people to develop a spirit of self-reliance.” Nwodo, who spoke in Enugu, said the economic agenda would “be our home grown effort to initiate practical development models, powered by the private sector and specifically directed in the first place to production, commerce and education.” He, however, commended the governors of Anambra, Abia, Ebonyi, Enugu, Delta, Imo and Rivers states for their development efforts. His words: “Commendable developments are noticeable in our states. Anambra has launched a new joint...