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.MATCH UPDATE
Saturday, 8 September 2018
Buhari’s Attorney General Orders CBN Fines Paid Into Suspicious Account!! - Politics
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.It appears the Attorney General of the federation, Abubakar Malami, has an ulterior motive over pursuing the actions that led to the N5.87 billion fines slammed on four Nigerian banks by the Central Bank of Nigeria (CBN). Sources yesterday said that Malami sent a letter instructing the banks to pay the fine into a so called ‘ASSET RECOVERY ACCOUNT’ different from CBN’s, despite this act being outside its regulatory purview. “There is a conflict between the Attorney General and the Central Bank as to where the fine imposed on the four banks by the latter will be paid,” one source with knowledge of the matter said.
Sources say that in the past when Banks paid fines imposed by the CBN it never went into any strange bank account. It would also be codified and explained clearly to the affected financial institution. “It appears that they are making this up as they go and it is very embarrassing for the nation, in addition to being quite dangerous for the stability of the financial system,” the source said. Sources tell BusinessDay that the letters sent out by the attorney general’s office to the banks had numerous errors and wrong details. Some had wrong figures, wrong bank addresses, confused the titles of those it was addressed to in some cases, and in one case mixed up Stanbic IBTC, with Standard Chartered Bank. BusinessDay has learnt this is all happening to protect the fees the lawyers used to ‘investigate’ the new MTN CCI allegations will ultimately earn.
“There is complete shock and consternation in the financial services industry,” the CEO of a major securities firm says. The CBN yesterday debited the accounts of the banks for the sum of N5.87 billion as payment for the imposed fines. Stanbic IBTC said in a statement published on the Nigerian Stock Exchange (NSE) website that the CBN deducted the sum of N1.886 billion from the account of its bank subsidiary, stating “that the bank has done nothing illegal and accordingly the bank will continue to provide CBN with documents and details in support of contention that our actions in relation to these transactions were not illegal.” BusinessDay also confirmed that the CBN has debited Standard Chartered N2.4 billion ($7.86 million), and CitiBank N1.2 billion, after it fined the lenders for what it claims were illegal movement of a total of $8.1 billion abroad with improper certificates for telecoms giant MTN. Daniel Okezie, the Vice Chairman, Lagos Chamber of Commerce & Industry (LCCI SME group) said CBN is the regulatory agency for the banks and in this case it should not involve the AG of the federation as the problem arose due to lack of agreement (between the CBN and the Banks).
“The CBN regulates the deposit money banks and has nothing to do with the AG as the duty of the AG is to advice the executive arm of government on any legal issues if the CBN needs clarification on any legal matters, it will definitely send it to the office to interpret. It is not the duty of the AG or the ministry of justice at the Federal levels to give such instructions to counter what the CBN has done,” Okezie said by phone. The Vice Chairman, Okezie concluded by saying “we are carrying on with our advocacy work to protect the interest of the organized private sector and Nigerians, and at our next council meeting, the committee that is in charge of this matter would have given us a report which we would look into and make recommendations to the presidency and all the stakeholders involved.” Responding to the banks’ being debited by the apex bank, Bismarck Rewane, MD of economics consulting firm Financial Derivatives said “it is just a sign by the CBN to show that they are serious, although penalties can always be refunded after the case has been resolved.”
He however said he has doubts that this is the proper way to go about such an issue. Meanwhile the total amount of N3.65 trillion ($10.1 billion; tax of $2billion and $8.1billion refund) CBN is asking MTN to pay in refunds and tax is abou
http://rapidnewsnigeria.com/featured/buharis-attorney-general-orders-cbn-fines-paid-into-suspicious-acccount/
https://www.businessdayonline.com/exclusives/article/attorney-general-cbn-duel-custody-bank-fines/
Sources say that in the past when Banks paid fines imposed by the CBN it never went into any strange bank account. It would also be codified and explained clearly to the affected financial institution. “It appears that they are making this up as they go and it is very embarrassing for the nation, in addition to being quite dangerous for the stability of the financial system,” the source said. Sources tell BusinessDay that the letters sent out by the attorney general’s office to the banks had numerous errors and wrong details. Some had wrong figures, wrong bank addresses, confused the titles of those it was addressed to in some cases, and in one case mixed up Stanbic IBTC, with Standard Chartered Bank. BusinessDay has learnt this is all happening to protect the fees the lawyers used to ‘investigate’ the new MTN CCI allegations will ultimately earn.
“There is complete shock and consternation in the financial services industry,” the CEO of a major securities firm says. The CBN yesterday debited the accounts of the banks for the sum of N5.87 billion as payment for the imposed fines. Stanbic IBTC said in a statement published on the Nigerian Stock Exchange (NSE) website that the CBN deducted the sum of N1.886 billion from the account of its bank subsidiary, stating “that the bank has done nothing illegal and accordingly the bank will continue to provide CBN with documents and details in support of contention that our actions in relation to these transactions were not illegal.” BusinessDay also confirmed that the CBN has debited Standard Chartered N2.4 billion ($7.86 million), and CitiBank N1.2 billion, after it fined the lenders for what it claims were illegal movement of a total of $8.1 billion abroad with improper certificates for telecoms giant MTN. Daniel Okezie, the Vice Chairman, Lagos Chamber of Commerce & Industry (LCCI SME group) said CBN is the regulatory agency for the banks and in this case it should not involve the AG of the federation as the problem arose due to lack of agreement (between the CBN and the Banks).
“The CBN regulates the deposit money banks and has nothing to do with the AG as the duty of the AG is to advice the executive arm of government on any legal issues if the CBN needs clarification on any legal matters, it will definitely send it to the office to interpret. It is not the duty of the AG or the ministry of justice at the Federal levels to give such instructions to counter what the CBN has done,” Okezie said by phone. The Vice Chairman, Okezie concluded by saying “we are carrying on with our advocacy work to protect the interest of the organized private sector and Nigerians, and at our next council meeting, the committee that is in charge of this matter would have given us a report which we would look into and make recommendations to the presidency and all the stakeholders involved.” Responding to the banks’ being debited by the apex bank, Bismarck Rewane, MD of economics consulting firm Financial Derivatives said “it is just a sign by the CBN to show that they are serious, although penalties can always be refunded after the case has been resolved.”
He however said he has doubts that this is the proper way to go about such an issue. Meanwhile the total amount of N3.65 trillion ($10.1 billion; tax of $2billion and $8.1billion refund) CBN is asking MTN to pay in refunds and tax is abou
http://rapidnewsnigeria.com/featured/buharis-attorney-general-orders-cbn-fines-paid-into-suspicious-acccount/
https://www.businessdayonline.com/exclusives/article/attorney-general-cbn-duel-custody-bank-fines/
The 3 Policemen Killed In Taraba By Fulani Herdsmen (Graphic Photos) - Crime
Knificent.blogspot.com
.Suspected herdsmen have killed three policemen at Bujum Kasuwa community in Taraba State. The Police Public Relations Officer in the state, David Misal, disclosed this reporters on Friday in Jalingo, the state capital.
Mr Misal said the assailants also killed two vigilante officials during the attack on the community in Lau Local Government Area of the state.
He explained that the slain security operatives ran into an ambush on Thursday while responding to a distress call from residents of the community.
The police spokesperson said the remains of the officers have been moved to the mortuary of the Federal Medical Centre, Jalingo.
He also condoled with the families of the slain officers on behalf of the police authorities in the state.
The police officers were killed two months after suspected herdsmen invaded Lau LGA, destroying properties belonging to residents in the area.
Source; https://www.nationalhelm.co/2018/09/suspected-herdsmen-kill-three-policemen-in-taraba.html
Mr Misal said the assailants also killed two vigilante officials during the attack on the community in Lau Local Government Area of the state.
He explained that the slain security operatives ran into an ambush on Thursday while responding to a distress call from residents of the community.
The police spokesperson said the remains of the officers have been moved to the mortuary of the Federal Medical Centre, Jalingo.
He also condoled with the families of the slain officers on behalf of the police authorities in the state.
The police officers were killed two months after suspected herdsmen invaded Lau LGA, destroying properties belonging to residents in the area.
Source; https://www.nationalhelm.co/2018/09/suspected-herdsmen-kill-three-policemen-in-taraba.html
Kenyan couple arrested after they kidnapped a man, poured acid on his face and completely chopped off his private parts
Knificent.blogspot.com
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Two suspects namely Mr.Joshua Ngugi and Ms.Jane Wanjiku Washuka alias Margret Njoki were arrested on Friday, in Kwale County for having kidnapped one Mr.Paul on August 28, at Kinoo Kikuyu area, Kenya, poured acid on his face and completely chopped off his private parts.
The two were arrested while attending interviews for a hotel job in the said County bearing different names from those in their Identification cards.
The suspects are currently in lawful custody and will be arraigned in court on Monday.
Their victim is at Kenyatta National Hospital in a critical condition.
12-year-old Girl Raped And Impregnated By Her Father In Ghana Gives Birth Via CS - Crime -
Knificent.blogspot.com
.
chair
See more photos and watch interview with the father
and the mother here >>> http://www.praizenews.com/12-year-old-girl-raped-impregnated-father-ghana-gives-birth-via-cs/
She wrote ;
Ghanaian actress and TV host, Cynthia Tima Yeboah shared this pathetic story of a young girl who was impregnated by her father at the age of 12.
The 12-year-old girl, pictured below wearing a white scarf, recently gave birth through CS.
According to the girl's mother, pictured below, her husband has also been raping their 10-year-old daughter too. See photos and video below
News source ; http://www.praizenews.com/12-year-old-girl-raped-impregnated-father-ghana-gives-birth-via-cs/
The 12-year-old girl, pictured below wearing a white scarf, recently gave birth through CS.
According to the girl's mother, pictured below, her husband has also been raping their 10-year-old daughter too. See photos and video below
News source ; http://www.praizenews.com/12-year-old-girl-raped-impregnated-father-ghana-gives-birth-via-cs/
See more photos and watch interview with the father
and the mother here >>> http://www.praizenews.com/12-year-old-girl-raped-impregnated-father-ghana-gives-birth-via-cs/
She wrote ;
2019: Why Buhari Must Be Voted Out – Saraki - Politics -
Knificent.blogspot.com
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Senate President, Bukola Saraki, has said voting out Buhari is the “only way to ensure national unity and security.
The Sentor made it clear that he is sure of emerging as the presidential candidate of the Peoples Democratic Party (PDP), ahead of the party’s October 6primaries.
Saraki, who spoke in Owerri, the Imo state capital, where he met with PDP stakeholders, asked Nigerians to stop President Muhammadu Buhari’s plan to continue in office beyond 2019.
READ ALSO Benue Killings: Arewa Consultative Forum Sets Up Committee On Anti-Grazing Law
“I will continue to fight for the masses. We have to change the leadership. We need a leadership that would ensure justice and fair distribution of national appointments. As a president, I will ensure everybody has a seat on his table. I will restore global reputation. Countries are built by handwork and vision.
“South East people are hardworking, their entrepreneurial spirit is wonderful. As a president, I will partner south East to emerge the next tiger of Africa in business. You don’t build what you don’t have. I, therefore, appeal to the delegates to vote wisely.
READ ALSO "I Have Done Well As Police IG" — Idris
“We must change Buhari with a man that has capacity, integrity and vision in order to realise our potentials. I believe in restructuring that would give States opportunities to realise their potentials. I promoted made in Aba products. As a president, I will support local businesses and ensure property.
“We need to have a President that will ensure prosperity, nobody wants a hand out. I am committed to the development of Southeast because it is in the best interest of Nigeria. You need the President that has the youthfulness, the energy to deliver.”
http://www.metronaija.ng/2019-why-buhari-must-be-voted-out-saraki/
The Sentor made it clear that he is sure of emerging as the presidential candidate of the Peoples Democratic Party (PDP), ahead of the party’s October 6primaries.
Saraki, who spoke in Owerri, the Imo state capital, where he met with PDP stakeholders, asked Nigerians to stop President Muhammadu Buhari’s plan to continue in office beyond 2019.
READ ALSO Benue Killings: Arewa Consultative Forum Sets Up Committee On Anti-Grazing Law
“I will continue to fight for the masses. We have to change the leadership. We need a leadership that would ensure justice and fair distribution of national appointments. As a president, I will ensure everybody has a seat on his table. I will restore global reputation. Countries are built by handwork and vision.
“South East people are hardworking, their entrepreneurial spirit is wonderful. As a president, I will partner south East to emerge the next tiger of Africa in business. You don’t build what you don’t have. I, therefore, appeal to the delegates to vote wisely.
READ ALSO "I Have Done Well As Police IG" — Idris
“We must change Buhari with a man that has capacity, integrity and vision in order to realise our potentials. I believe in restructuring that would give States opportunities to realise their potentials. I promoted made in Aba products. As a president, I will support local businesses and ensure property.
“We need to have a President that will ensure prosperity, nobody wants a hand out. I am committed to the development of Southeast because it is in the best interest of Nigeria. You need the President that has the youthfulness, the energy to deliver.”
http://www.metronaija.ng/2019-why-buhari-must-be-voted-out-saraki/
PHOTOS: Governor Ganduje Inspects Tamburawa Bridge - Politics -
Knificent.blogspot.com
.Kano state Governor Umar Ganduje inspected the stone filling of the Tamburawa Bridge pillars along Zaria Road which was under serious threat of collapsing due to excessive sand excavation underneath the bridge. The Governor made a special appeal for intervention to FG which it responded to.
.Kano state Governor Umar Ganduje inspected the stone filling of the Tamburawa Bridge pillars along Zaria Road which was under serious threat of collapsing due to excessive sand excavation underneath the bridge. The Governor made a special appeal for intervention to FG which it responded to.
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