Tuesday, 03 August 2021

BUSINESS AND ECONOMY

News & Stories

News & Stories (2104)

By Kehinde Olusanya/ THE NATION

BBNaija Shine ya Eye housemate Boma has won the second week’s Head of House game.

Boma becomes the second Head of House.

With all the housemates trying their luck to win the die game of chance, Boma emerged victorious.

Without any obstacle in his way, his plaque reached number 26 before the sound of the buzzer, making him the winner.

Boma, who was the first housemate to step into the BBNaija Shine Ya Eye house, became the first male Head of House for this season.

Posted On Monday, 02 August 2021 21:10 Written by

By Kehinde Olusanya/ THE NATION

For the second week, Biggie kicked off with reward and punishment for the housemates.

Biggie rewarded each housemate with a total of 700 Abeg Naira for making it to a new week in the house.

Also, he punished them for flouting the house rules and ignoring Angel, a fellow housemate who was told by big brother himself to tell other others to prepare for the live show which was yesterday.

In a message from big brother which was read out to the house by the first HOH, Peace, Biggie said the housemates will no longer be reminded to prepare for the live show.

And as punishment for flouting the house rules, they will work as dress up as big brother’s ninjas and help separate the grain of rice which has accidentally mixed with the grain of beans. All they need will be provided for them in the store room.

Posted On Monday, 02 August 2021 20:53 Written by

By Adeniyi Adewoyin/ THE NATION

BBNaija Shine Ya Eye housemates have failed to identify the wild cards among them.

They were required to fish out two wildcards who would be evicted on Sunday failure which the wild cards would have to compete with the housemates for the star prize.

However, they couldn’t figure out the wildcards as most of them picked Jaypaul and Liquorose.

The choice of the housemates gives Maria and Pere the privilege to stay in the house and compete for the N90 million prize.

Posted On Monday, 02 August 2021 15:17 Written by

By Olaitan Ganiu/ THE NATION

BBNaija Shine Ya Eye housemate Angel has left viewers gasping for breath when she got the privilege to examine and play with fellow housemate, Pere’s crotch during a truth or dare game.

This is coming after the live eviction show host, Ebuka Obi-Uchendu motivated the housemates to cheer up and stop being boring.

After the live eviction show where Pere and Maria were revealed as wildcards, the housemates decided to play the ‘Truth or Dare’ game and it was during the game that the scene occurred.

In the game, Pere was summoned for Angel to reach out his crotch for a second.

Angel was thrilled to move her hand into Pere’s trousers and grabbed his manhood.

Pere screamed as other housemates burst into laughter.

Posted On Monday, 02 August 2021 15:14 Written by

By Olaitan Ganiu/ THE NATION

BBNaija Shine Ya Eye housemate Liquorose has advised fellow housemate Beatrice to be strong.

Following the revelation of Pere and Maria as the wildcards, many of the housemates expressed anger at Beatrice for giving the impression she was one of the wildcards.

Last night, during the live show, the host Ebuka commanded the real Wildcards to rise to their feet before he exposed them.

Other housemates thought Beatrice was getting ready to stand up, but the real wildcards, Maria and Pere, did instead.

When confronted by other contestants, Beatrice said she was just adjusting her jacket and wasn’t preparing to stand up.

Angel, Arin, and Saga were not pleased by her excuse.

“Fool. You just want to sabotage the task,” Arin yelled.

Motivating her, Liquorose encouraged Beatrice to be strong.

“Nobody has the right to make you sad about yourself. Don’t always feel like people are coming for you,” she said.

Beatrice tendered an apology to the housemate as she gave Arin and Saga a hug.

Arin accepted it but rolled her eyes behind her back.

Posted On Monday, 02 August 2021 15:06 Written by

By Alao Abiodun/ THE NATION

Popular social media celebrity Ismail Mustapha aka Mompha, has explained how the ‘stubbornness’ of his embattled friend, Abbas Ramon popularly known as Hushpuppi got the latter into trouble.

Mompha said this during an Instagram Live with Daddy freeze over the weekend.

The Nation reports Hushpuppi was arrested in the United Arab Emirates (UAE) in June 2020 alongside 11 of his associates over hacking, impersonation, scamming, banking fraud and identity theft allegations.

He has pleaded guilty in the United States and, according to court documents, narrated how he bribed suspended Deputy Commissioner of Police Abba Kyari following the decorated policeman’s alleged role in arresting and jailing – at Hushpuppi’s request – his fraud rival Kelly Chibuzor Vincent after both were locked in a dispute.

Mompha said: “What fucked him (Hushpuppi) up was that he didn’t listen to me. He is stubborn hence his arrest and trial in the U.S.

“People will accuse you wrongly, what about me that brought Hushpuppi from Malaysia? wetin my eye no see?

”The day Hush was arrested I got a lot of calls, Baba see what you have caused, you made them arrest this guy he was competing with, even on that day because of the pressure people were putting on my page,” Mompha said.

“I had to remove my picture (after Hushpuppi’s arrest), EFCC had to call me directly to post my picture back because it will look as if maybe I was involved, many people will just come to my page and say you are next, FBI is coming for you, is that how it works?

“My case with EFCC was because someone felt the need to punish a big boy like me, all because of BDC’. Nigerians on social media love to gossip and wish bad luck for rich people. And it’s not my fault that I come from a rich home, I have even hustled all my life.

“And it is not my fault that I come from a rich home. Now everybody showing off is a fraud. In this life, you will face trial, just pray to overcome it,”

Posted On Monday, 02 August 2021 14:49 Written by

By Moses Emorinken, Abuja/ THE NATION

Doctors under the aegis of the National Association of Resident Doctors (NARD) have unanimously agreed to embark on an indefinite strike from Monday, August 2, 2021. This is coming at a very critical time when the country is currently experiencing a rise in COVID-19 infections; the signal of a third wave of the pandemic

The association however reached the decision after its National Executive Council (NEC) meeting, which was attended by over 50 of its members across the country. They noted that the government has failed to honour and implement the memorandum of understanding (MoU) it signed with the doctors over 100 days ago. It particularly demanded the immediate withdrawal of the circular removing House Officers from the scheme of service, which was not implemented.

The President of the NARD, Dr. Uyilawa Okhuaihesuyi, who made these known in a statement, also noted that despite efforts by the Honourable Speaker of the House of Representatives, Femi Gbajabiamila, in ensuring that the Medical Residency Training Funds is captured in the supplementary budget, the Federal Government has failed to disburse the funds to members.

“The NEC noted the suspension of the total indefinite strike action one hundred and thirteen (113) days ago due to government promises as entailed in the Memorandum of Actions (MOA) signed at the instance of the Minister of Labour, Dr. Chris Ngige.

Posted On Sunday, 01 August 2021 22:34 Written by

By Adeniyi AdewoyinHE NATION

BBNaija Shine Ya Eye housemate Niyi has accused Nini of attempting to dominate the House and playing the victim card.

Niyi said this while discussing with Beatrice and Yerins on Sunday.

Niyi insinuated that Nini acts cunning by trying to form a clique in the House but with the wrong set of people.

“She feels like there is a space that she needs to dominate and she’s trying to dominate it in a very rude way but the people she’s trying to dominate it with when they come for her she will now play victim.

“When you have low self esteem but you want to use arrogance to cover it up. I noticed it a long time ago,” he said.

Posted On Sunday, 01 August 2021 22:16 Written by

The Economic and Financial Crimes Commission (EFCC) yesterday took into brief custody the immediate past President of the Senate, Dr. Bukola Saraki in connection with the ongoing investigation into how a N17billion bond was spent during his tenure as Kwara State governor.

He was also grilled on alleged diversion of N9billion fraud by his successor as governor, Alhaji Abdulfatah Ahmed.

Ahmed who was finance commissioner during Saraki’s tenure as a governor, had earlier been interrogated by the EFCC.

The cash in question h was allegedly diverted between 2011 and 2019.

Saraki was expected to explain projects executed with the N17billion bond during his tenure.

The bond was obtained in 2009 .

A source in EFCC told The Nation that Saraki was brought to the commission at about 2.30pm.

Saraki was let off last night.

He said he was asked by the EFCC to come after he attended a wedding reception in Abuja.

He said there was no big deal honouring an invitation by a state agency.

“He is being quizzed in respect of the N17billion bond and the ongoing probe of alleged diversion of N9billion during the tenure of ex-Governor Ahmed,” the source said.

“In the course of interacting with the ex-governor (Ahmed), some issues cropped up and it is important Saraki is investigated.

“We have been on this case since December 2020 and we have reached a convenient bend to invite Saraki.

“On this same case, a former Commissioner for Finance under Ahmed, Ademola Banu has been arraigned for alleged fraud.

“Banu was put on trial alongside Travel Messenger Company Limited and one Olarewaju Adeniyi, on nine counts before Justice Babangana Ashigar of the Federal High Court, Ilorin, Kwara State.”

The source said the EFCC had conducted a comprehensive investigation into the N17billion bond which has generated issues among Kwarans.

The source said:” We have a report on the N17billion but we want Saraki to clarify all allegations since he was the one in charge.

“Some aspects of the report are:

“Asa Dam Mixed Use Development project: The project had N2billion allocated from the bond. However the sum of N83.688 431.68 was spent on consultancy by ECAD Designs Limited and nothing else was done.

“Ilorin Water Distribution Project was allocated N2, 000,000,000. However, N3, 736,505,126.49 was spent on the project. The only contractor for the project was C.G.C Nigeria Limited. An analysis of the Kwara state Government’s First Bank of Nigeria Plc account revealed that the sum of N1billion was paid to C.G.C apparently for the project. Investigation is still ongoing.

“Another project which benefitted from the bond is Kwara State University with a N1billion vote. But a total of N1, 675 607.905 23 was spent. The project had the following contractors: Charvet Nigeria Limited, Akit technology Limited, Integrated Concept Limited, Golden Consult and the University Itself.

“The project was handled by the Ministry of Works and the Commissioner at the time was one Kolawole Abdulrauf Shitttu. Investigation revealed that Mr. Shittu and one Engr. Akintola Taiwo are both directors and the accounts signatories to a company called PTL Consult Limited. Shittu is also a signatory to another company called Strudev Consultancy Services. Analysis of the companies’ accounts and the Mr. Shittu’s personal account revealed that transfers were made by Charvet Nigeria Limited and Archon Nigeria Limited; the two companies were among the contractors of the University Project.

“The Managing Director at Archon was invited and he stated that he was the project manager for the construction of the Kwara State University and that he was informed by the State Government that PTL Consult is the consultant on the project and that he worked with Engr. Taiwo during the period which was why they made payments to PTL Consults’ account.

“Efforts are being made to arrest Mr. Shittu.

“Concerning Kwara Mall, the fact-sheet claimed that the project was allocated N500million and the entire sum was utilized by the Ministry of Commerce.

It added: “The Permanent Secretary was unable to provide us with details of how the money was spent but did state that they were in partnership with a private company; Persians investments Limited and that the Kwara mall was constructed and is being fully utilized. A search of the company showed that they were into real estate and property management; parts of their properties included Kwara mall, Viva Cinema, Polo Park Enugu among others.

“Analysis of the company bank statement showed N500million paid to the company by the Kwara State Government on the 10th of June 2010. While the investigation is ongoing, the sum of two million USD $2,000,000 deposit was traced to one of the company’s accounts. The depositor is being tracked by detectives and all relevant agencies.”

Regarding irrigation project, the EFCC detectives alleged that the “document recovered from the Accountant-General did not show this project but the Permanent Secretary stated that the project ,also known as Shonga Irrigation Project ,was handled by the Ministry and the contract was awarded to C.G.C Nigeria Limited for N2,998,966,827. However, only N882, 944,215 was paid to the company. He further stated that the project was later taken over by the Federal Government.

On the International Aviation College, whose licence was suspended recently, the detectives, in their report ,said it was allocated N1.5billion from the bond but N2,448.663.386.56 was spent in on the construction and purchase of equipment.

“Contractors that handled the project were: Godab Nigeria Limited. Henry George Nigeria Limited, ECAD Design (Consultants) and the college itself. The College is alleged to be fully owned by the Kwara State Government and registered with the Corporate Affairs Commission (CAC) R C; 746511. Its board included the current State Governor, Ministry of Finance, Mr. Razak Atunwa (a former commissioner in the state) Popoola Captain Shadrack Taiwo and Yusuf Tunde. The registrar of the college was invited for an interview and questioned on the finances of the college as well as aspects in which the college handled during the construction of the college. He stated that the bursar of the school died recently but most contracts were handled by one Harlequin Aviation Information Service Limited (HAIS).

“A search at the company found that one Yusuf Tunde is a Director as well as signatory to the accounts of the company: he is also a Board member of the Aviation College. Based on this the accounts of HAIS were placed on caution and the company’s representative is to report for an interview on the 30th of August 2018.

The report clarified the status of loan refinancing by the state government.

It said: “The prospectus of the bond stated that Kwara state had indebtedness of N4, 980,000 in external loans out of which N3.3billion amounted to legacy obligations preceding the then administration They proposed utilizing N2, 400,000,000 from the bond proceeds of the bond to service part of the legacy obligations which were (a) African Development Bank(AFDB)- construction of four specialist hospitals in Jebba, Offa, Oke-Ode and Sobi at a cost of N1,440, 828, 000; (b) AFDB-equipment procurements to the four specialist hospitals; ( C) World Bank Essential Drug Projects.

“The total debt was N3, 301, 162, 42. Only Documents obtained from the Accountant-General of the State did not show any indication that monies were paid to AfDB or the World Bank instead another list with heading ‘OTHER PAYMENT’ showed the names of Government Agencies and private companies being paid a total of N974, 896,343.47.

“The companies were invited. One of the companies, Lolada Investment Limited reported and stated that they were awarded a contract valued at N285, 652, 200 by the Kwara state Government to install CCTV system for Ilorin metropolitan.”

Spokesman of EFCC, Wilson Uwujaren , confirmed the arrest and detention of the former Senate President, last night.

Uwajaren said Saraki was invited for questioning over allegations of corruption and money laundering.

Posted On Sunday, 01 August 2021 22:05 Written by

By Adeniyi Adewoyin/ THE NATION

Big Brother Naija Shine Ya Eye housemate, Maria has revealed that she’s angry with Yerins because he saw her naked.

Maria disclosed this during a conversation with Arin, Nini, Pere, and Saga after the Saturday night party.

She noted Yerins has always been coming close to her but they are just friends the same way she’s friends with other housemates and that does not warrant him looking at her nakedness through the mirror.

“Yerims saw me naked through the mirror. I hate it. Don’t see me naked. I’m not your fucking girlfriend,” she told Arin, Nini, Pere and Saga.

“Why would you see me naked? He’s been coming close to me. I’m not dating anyone so it’s not bad for us to be close but don’t intrude and see me naked. I feel some type of way”.

Posted On Sunday, 01 August 2021 15:44 Written by
Page 1 of 151

Xclusive Nigeria Television (XNTV)

Newsletter

- Advertisement -



Ads