Curator

http://ift.tt/eA8V8J Public decency and morality were flung to the winds by some scoundrels in school uniforms, who descended on female students with the raw intent of raping them publicly. Motorists and passers-by watched in shock as male students from secondary schools in the Ikoyi axis of Lagos sexually assaulted girls from Falomo Senior High School. It was a display of mid-day madness by the boys who were celebrating the completion of their West Africa Senior School Certificate Examination (WASSCE) with wild excitement. In an unpremeditated act of gangsterism, one of the boys tried to force himself on a girl wrestled to the ground while others cheered. Another victim who was at the mercy of two other  boys had her skirt ripped open with a pair of scissors as the randy lads lurched at her from the front and the rear. It took the bold intervention of a concerned woman before the girl fought herself free. The sheer barbarity of the rampaging students created pandemonium in the ...

http://ift.tt/2npUjz5 External reserve to overshoot $31bn By Babajide Komolafe THE upward trend in cost of funds in the interbank money market last week, will persist this week, due to outflow of N140 billion for FGN bond sale. The Debt Management Office will, this week, offer three varieties of FGN bonds comprising N40 billion worth of five-year bonds, N50 billion worth of 10-year bonds, and N50 billion worth of 20-year bonds. The outflow of funds to invest in these bonds, combined with outflow for participation in forex sales by the Central Bank of Nigeria (CBN) will nullify the effect of expected inflow of N87.7 billion from matured treasury bills, and hence aggravate scarcity of funds in the interbank money market, leading to further rise in cost of funds. Last week, the market was gripped with intense scarcity of funds due to outflow of N295 billion comprising OMO bills worth N65.8 billion and Primary market bills worth N266 billion. These outflows in addition to outflow fo...