We will engage with the relevant authorities and vigorously defend our position' - MTN reacts to CBN's fine and order to refund $8bn

The Central Bank of Nigeria (CBN) recently ordered four banks namely Citibank, Diamond Bank, Standard Chartered bank and Stanbic-IBTC, to pay a total sum of N5.87 billion for allegedly issuing irregular certificates of capital importation (CCIs) on behalf of some offshore investors of MTN Nigeria Communications Limited.

Reacting to the development, MTN in a statement said, 'we will engage with the relevant authorities and vigorously defend our position on this matter and provide further information when available'.

Below is their full statement and reaction as shared by BHM;

Central Bank of Nigeria (CBN) correspondence regarding Certificates of Capital Importation (CCIs) in Nigeria 

MTN Nigeria Communications Limited (MTN Nigeria) received a letter on 29 August 2018 from CBN alleging that CCIs issued in respect of the conversion of shareholders loans in MTN Nigeria to preference shares in 2007 had been improperly issued. As a consequence they claim that historic dividends repatriated by MTN Nigeria between 2007 and 2015 amounting to $8,1 billion need to be refunded to the CBN.

MTN Nigeria strongly refutes these allegations and claims. No dividends have been declared or paid by MTN Nigeria other than pursuant to CCIs issued by our bankers and with the approval of the CBN as required by law. 

The issues surrounding the CCIs have already been the subject of a thorough enquiry by the Senate of Nigeria. In September 2016 the Senate mandated the Committee on Banking, Insurance and other Financial Institutions to carry out a holistic investigation on compliance with the Foreign exchange (monitoring and miscellaneous) Act by MTN Nigeria and Others. In its report issued in November 2017, the findings evidenced that MTN Nigeria did not collude to contravene the foreign exchange laws and there were no negative recommendations made against MTN Nigeria. 

MTN Nigeria, as a law-abiding citizen of Nigeria, is committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria. The re-emergence of these issues is regrettable as it damages investor confidence and, by extension, inhibits the growth and development of the Nigerian economy. 

We will engage with the relevant authorities and vigorously defend our position on this matter and provide further information when available.

ADAMU

BUSUYI

DAPHNE

DASOLA

FOLASADE

FRANCIS

GBOLABO

IFUEKO

LIANA

LOVE

SHASI

VALENTINE

BATTLE OF FLAVOURS

EPISODE 1:
Recap of past KTQ seasons

EPISODE 2:
Abuja and Calabar Auditions

EPISODE 3:
Lagos Auditions

EPISODE 4:
Skills test

EPISODE 5:
Omellete recipe

EPISODE 6:
Iron rich ingredients

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Twitter Stories: Nigerian man abandons his wife and two kids, elopes with his gay lover

A twitter user has shared story about his course mate, who is currently in Toronto, Canada to recover after a messy divorce. 

 

According to Dr. Kene, the lady is a bank executive based in Abuja. Unknown to the woman, her husband of six years was gay. 

 

Upon finding out, she stayed with him but to her shock the man finally eloped with his lover, abandoning her and their kids. Read  the Tweets below..

 

 

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Mystery woman in shackles and just T-shirt caught frantically ringing doorbells in the middle of the night (video)

A mystery woman was caught on camera in the middle of the night, looking distressed as she repeatedly rang doorbells in a neighbourhood in Texas.

The woman had shackles on her wrists and seemed to need help as she frantically rang doorbells in the Sunrise Ranch area of Montgomery, Texas at around 3am on Friday August 24. She had on only a T-shirt with no pants or shoes. She was captured on resident, Jennie Drude's security camera. By the time residents got to their doors, the woman was gone.

The video was shared online with the aim of locating the woman who obviously needed help.

Officials in Montgomery County, Texas, have now said that the woman has been identified but said they will not be naming the woman because she is a domestic violence victim. The woman is safe and with her family, the Montgomery County Sheriff's Office said in a statement.

The female that we have all been looking for has been identified and is safe. She is currently outside Montgomery County and our investigators will be meeting with her to continue the investigation, the statement said.

Meanwhile, the woman's boyfriend has been found dead from apparent suicide. On Wednesday, deputies responded to a home in Sunrise Ranch after receiving a call about a man who made "suicidal comments," according to a statement. They found a 49-year-old man dead from a self-inflicted gunshot wound, along with a suicide note linking him to the woman seen in the video.

Watch the video below.

Flood Kills 8000 Birds In Edo, Submerge House(pics) - Travel -

POSTSFlood occasioned by four hours of heavy downpour of rain has killed over 8000 birds at a poultry at Igiede Street off Erediauwa Street in Ikpoba-Okha local government area.

The owner of the poultry resorted to selling the dead birds for N500.

Report has it that, over 25 building submerged and 152 persons rendered homeless.. Wednesday August 29, 2018.



From Praize news >>> http://www.praizenews.com/flood-kills-8000-birds-edo-submerge-housepics/

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Wedding Photos Of A Blind Man And His Bride - Romance -

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The bride looks so happy. Congrats to them!

Top Most 10 Common Reasons Couples Break-up And Divorce - Romance -

You know things are not going well for you and your spouse. Your partner did seem stern, aloof and resentful that last time you spoke to each other. Like always you expect them to come around, let go of the steam and become their normal self with time. Instead, one day, you come home to find their clothes missing from their cupboards and a piece of paper on the dinner table- a divorce notice.

Do you think this scenario could transpire into your life? It’s not uncommon that couples start to fight and make up…fight and make up, until one day they fall apart for good. Don’t neglect your relationship issues, you never know, your relationship could be treading towards rocky roads too!

What are the real reasons for divorce? Infidelity, lack of communication, financial troubles, sparing sessions of sex and intimacy are some of the reasons for divorce. Let’s look at the 10 most common reasons for divorce and hope that you can learn from the mistakes of others.

Top 10 Reasons for Divorce:
1. Infidelity
Extra-marital affairs are responsible for the breakdown of most marriages that end in divorce. This is one of the most common cause of divorce. The reasons why people cheat aren’t as cut and dry as our anger may lead us to believe. Anger and resentment are common underlying reasons for cheating, along with differences in sexual appetite and lack of emotional intimacy. Infidelity often begins as a seemingly innocent friendship, says cheating expert Ruth Houston. “It starts as an emotional affair which later becomes a physical affair”.

2. Money
Money makes people funny, or so the saying goes, and it’s true. Everything from different spending habits and financial goals to one spouse making considerably more money than the other, causing a power struggle can strain a marriage to the breaking point. “Money really touches everything. It impacts people’s lives,” said Emmet Burns, brand marketing director for SunTrust. Clearly, money and stress do seem to go hand in hand for many couples.

3. Lack of communication
Communication is crucial in marriage and not being able to communicate effectively quickly leads to resentment and frustration for both, impacting all aspects of a marriage. On the other hand, good communication is the foundation of a strong marriage. Yelling at your spouse, not talking enough throughout the day, making nasty comments to express yourself are all unhealthy methods of communication that need to be ditched in a marriage. Practicing mindful communication, to change age-old marriage mistakes, can be hard but it’s well worth the effort to improve and save your relationship.

4. Constant arguing
From bickering about chores to arguing about the kids; incessant arguing kills many relationships. Couples who seem to keep having the same argument over again often do so because they feel they’re not being heard or appreciated. Many find it hard to see the other person’s point of view, which leads to a lot of arguments without ever coming to a resolution.

5. Weight gain
It may seem awfully superficial or unfair, but weight gain is a common reason for divorce. In some cases a significant amount of weight gain causes the other spouse to become less physically attracted while for others, weight gain takes a toll on their self-esteem, which trickles into issues with intimacy.

6. Unrealistic expectations
It’s easy to go into a marriage with lofty expectations; expecting your spouse and the marriage to live up to your image of what they should be. These expectations can put a lot of strain on the other person, leaving you feeling let down and setting your spouse up for failure.

7. Lack of intimacy
Not feeling connected to your partner can quickly ruin a marriage because it leaves couples feeling as though they’re living with a stranger or more like roommates than spouses. This can be from a lack of physical or emotional intimacy and isn’t always about sex. If you are constantly giving your spouse the cold shoulder, then know that over time it can become the ground for divorce. Making your relationship intimate and special is the responsibility of both partners. Practice little acts of kindness, appreciation and enjoy physical intimacy as much as possible to sweeten your relationship.

8. Lack of equality

When one partner feels that they take on more responsibility in the marriage, it can alter their view of the other person and lead to resentment. Every couple must negotiate through their own and unique set of challenges, and find their own way of living together as two equals who enjoy a respectful, harmonious and joyful relationship.

9. Not being prepared for marriage
A surprising number of couples of all ages have blamed not being prepared for married life for the demise of their relationship. Divorce rates are highest among couples in their 20s. Almost half the divorces occur in the first 10 years of marriage, especially between the fourth and eighth anniversary.

10. Abuse
Physical or emotional abuse is a sad reality for some couples. It doesn’t always stem from the abuser being a “bad” person; deep emotional issues are usually to blame. Regardless of the reason, no one should tolerate abuse and be removing yourself from the relationship safely is important.

No marriage is easy. Even couples with the best intentions are sometimes unable to overcome their challenges and end up in courtrooms. That’s why it’s important to address issues in your relationship early on. Don’t wait until they are beyond fixing. Practice kindness, make intimacy a priority, go on holidays and seek marriage counseling (even when things are fine) to preserve the health and longevity of your relationship. Try your very best before you decide that things are beyond your control and it is time to give up. That way you can have the peace of knowing you tried all of the alternatives before the big step.

SOURCE: http://bigcrown.com.ng/top-most-10-common-reasons-for-break-ups-and-divorce/