Monday, October 17, 2016

Attorney General tells Accused Judges to prove their innocence in Court



AMIDST  allegation of vendetta against him by two judges whose home the Department of State Security raided last week,  Abubakar Malami, the Attorney General of the Federation, has advised the duo to go to court and prove their innocence.



Malami while reacting to the allegations fired against him by the two judges through his Media Adviser, Comrade Salihu Isah, described their claims as mere afterthought, which he says does not have the force of law.

Justice Ademola Adeniyi and Justice Dimgba both of the Federal High Court, Abuja, had slammed Malami for being responsible for their travails in the hands of the DSS because of the previous verdicts they delivered against the justice minister.

Photos : Vice-President Yemi Osibanjo represents President Buhari at the African Union Summit.


Vice President Prof Yemi Osinbajo on Saturday, October 15th was in Togo to represent President Muhammadu Buhari at the African Union Summit on Maritine Security in Lome, the Togo capital.

More Photos Below




Sunday, October 16, 2016

Nigeria's Foreign reserve fall to $24.21bn.


The Economic crisis of the nation is not getting any better as the foreign exchange reserves have fallen to a new all time low.

The country’s external reserves have hit an 11-year low of $24.21bn, according to the latest data from the Central Bank of Nigeria.



As a result of this, a limited amount of dollars will be available at the official interbank spot market, fuelling concerns over another round of depreciation of the naira.


Read Also : Nigerian Banks suspend use of ATM cards abroad

The foreign exchange reserves fell by $600m in two weeks before shedding $1bn in four weeks, the CBN statistics showed.

Specifically, the reserves fell from $25.8bn on August 16 to $24.8bn on September 16. It decreased by $600m from the $25.4bn recorded on August 31 to $24.8bn on September 16, the current CBN data revealed.

This decline in the external reserves follows the CBN’s almost daily interventions at the interbank/official foreign exchange market in recent weeks, as chronic dollar shortage continues to weigh on the economy.

In its efforts to defend the naira and prevent it from falling further at the official interbank market, the central bank has been selling dollars there more frequently.

The naira had fallen to an all-time low of 365.25 to the dollar at the interbank market on August 18 before making a gradual recovery.

On Friday, the local currency closed at 305 against the greenback at the official market, while closing at 460 to the dollar at the parallel market on the same day.

The CBN had on June 20 lifted its 16-month-old currency controls and auctioned about $4bn on the spot and futures markets to clear a backlog of dollar demand and help boost interbank market trading.

The global plunge in oil prices caused the reserves to be depleting very fast. The development had forced the CBN to introduce foreign exchange controls, which were abandoned in June.

New Born Baby Dump In Pit Toilet

     The corpse of a newborn baby has been discovered at the Ikotun area of Lagos state on Sunday, October 16.

The baby estimated to have been about one-day-old, was dumped in a pit with stagnant water in the area.
Residents of the area discovered the disturbing sight at a BRT bus stop and made a report to security operatives in the area,
According to reports, the corpse of the young child was handed over to the police at the Ikotun Division.
The search for the mother of the child has not been successful as anyone could have done it

Ex-Beauty Queen Humiliated and Slapped by an Army Officer



Immediate past Miss Imo State Queen, Stephanie Korie was yesterday night humiliated by an army man at a graduation party of her friends.


Read her reaction below:

"Nigeria has turned to something else where men treat women with no respect. I'm so disappointed with our military;  they treat women with no respect . I've been hearing stuffs about the things they  do in Aba, Abia States but didn't believe until it happened to me tonight . I actually went to my friends graduation party with my younger sis  in my school, when all of a sudden some guys started fighting. I wasn't comfortable so we had to go out and we where about leaving when a guy approached me ( army officer not dressed in his uniform )  and asked me of the people with us; I was surprised because I was invited and didn't know much people in the party. But I didn't answer him then ,he told me he would slap me if I don't tell him. I was surprised and asked him why? Before I could recall what was happening he gave me a dirty slap. Now I'm wondering; do men go about slapping  any female they see? or the men in our country have lost the respect they have for women? It is a big shame for a soldier in the Nigerian  army to act with such irresponsible behaviour. And when he was asked why he did what he did, his reply was "do you know who I am" #StandAgainstMilitaryIntimidation #MenShouldNotHitWomenForNoReason #TheMilitaryShouldProtectAndNotIntimidateOurWomen‎"

Two Die In An Accident in Kano Others Injured

Two people have been reported to have lost their lives in a ghastly motor accident » which also left several injured.

The accident which was a result of a head-on collision  between two cars occurred along the Kano Western bypass on Sunday, October 16.
Security operatives have since moved the corpses to the mortuary while others who suffered injuries have been hospitalised and are now undergoing treatment.
The identity of the victims is yet to be ascertained. May their souls rest in peace.
May their souls rest in peace.

Nigerian Banks have started suspending the use of their ATM cards Abroad due to Dollar Scarcity


Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity continues to hit the economy badly.



Stanbic IBTC Bank, Standard Chartered Bank Nigeria and Guaranty Trust Bank on Friday announced the suspension of their overseas ATM card services.

Also suspended by the banks are online transactions priced in foreign currencies. This means that customers of the banks will no longer be able to use their debit or credit cards to make online transactions that are denominated in dollars, euros, pounds sterling and other foreign currencies.

In a note to its customers on Friday entitled: ‘Suspension of international transactions on naira debit cards’, Standard Chartered Bank Nigeria said, “Please be informed that effective immediately, your naira denominated debit cards will no longer be functional for international transactions.

“This is due to the current volatility in the foreign exchange market. Your naira-denominated debit cards can only be used for local transactions at Point of Sale terminals, Automated Teller Machines and online for Nigerian retailers.”

Stanbic IBTC Bank similarly said in a text message to its customers on Friday, “Dear customer, kindly note that effective October 18, 2016, your ability to carry out transactions priced in foreign currency using our naira debit and credit cards will be suspended. We apologise for any inconvenience in this regard.”


GTBank also announced the suspension of the ATM cash withdrawal service abroad. The lender also slashed its monthly ATM forex transactions to $100.

 ‘Review of the international spending limit on your naira Master Card’,
“We write to inform you of the monthly spending limits currently applicable when using your GTBank naira Master Card for international payments via PoS and online. Previous monthly limit via PoS and online was $250; the new monthly limit via PoS and online is now $100. Kindly note that ATM cash withdrawal on your naira MasterCard is now only available in Nigeria.”

The development will make students studying in the United Kingdom, United States, Canada, Ukraine and other parts of the world to face more challenges getting their monthly stipends from their parents.



hmmm we sincerely hope things get better soon because as it is now, this is really affecting both the rich and the poor.

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