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Thursday, 21 March 2019

March 21, 2019

RONALDO FINED FOR CELEBRATION



Cristiano Ronaldo has been fined 20,000 euros by UEFA for his celebration during Juventus' last-16 Champions League victory over Atletico Madrid.
The 34-year-old fired his side into the quarter-finals with a hat-trick in the second leg in Turin, overturning Atletico's 2-0 victory from the first leg.
Ronaldo followed one of his goals by copying Atletico manager Diego Simeone's 'crotch-grabbing' celebration from the first leg, for which the latter was given a £17,000 fine.
Simeone said his gesture showed he had the courage to make tough selection decisions. He apologised two days later.
Ronaldo had been charged with improper conduct on Monday, but with the punishment limited to a fine, he will be available for the first leg of Juventus' quarter-final against Ajax on April 10.

March 21, 2019

DIAMOND BANK PLC SUSPENDED FROM TRADING SHARES ON THE NSE


Diamond Bank Plc shares have been placed on full suspension by the Nigerian Stock Exchange (NSE), with effect from today, March 20th, 2019.
According to the Nigerian Stock Exchange, the suspension of Diamond Bank’s shares follows a court sanction of the Scheme of Merger between the bank and Access Bank Plc.
More reasons for the suspension- The suspension, according to The Exchange, is required to prevent trading in the shares of the Diamond Bank in order to determine the Bank’s shareholders who will qualify to receive the Scheme consideration.
Diamond Bank obtained the court sanction of the Scheme on Tuesday, 19 March 2019, being the effective date for the scheme.
As we reported earlier, the merger process was near its concluding stage last week, after the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) both granted the banks  final approval to merge.
The shareholders of the banks earlier approved the merger between the lenders, after a series of Extra Ordinary General Meetings  that held in Lagos.

Both banks are poised to offer the best banking experience in Africa

When the highly anticipated merger eventually takes effect by the end of Q1 2019, Diamond Bank Plc and Access Bank Plc would have successfully combined efforts to bring the power of banking to millions of account holders across Nigeria and beyond. Much emphasis will be on the need for speedy and secured service delivery. Also, the partnership will ensure that customers of both banks continue to experience the best banking experience, with zero disruptions to normal banking services.
Diamond Bank also noted that although there may be some changes in the future, any such changes will be duly communicated to the customers ahead of time. 
Diamond Bank Plc and Access Bank Plc unanimously announced late last year, that they plan to combine resources in order to create the biggest retail bank in Sub-Saharan Africa.
Following the announcement, the banks proceeded to secure the necessary regulatory approvals and are currently waiting for the due date in order to make the deal official.  
March 21, 2019

AFRICA'S RICHEST WOMAN ALMOST GOT FIRED AGAIN


On Tuesday March 19th, 2019, media reports speculated that the richest woman in Africa,  Isabel dos Santos, could potentially get removed as a Board Member of Angola’s Unitel.
According to the speculations, the move could be driven by some core investors’ determination to address the corporate governance issues the company had recently been immersed in.
Even Angola’s oil company Sonangol, which owns 25 percent stake in Unitel SA, had in the  past clamoured for a new set of board members to administer the affairs of the company.
“THE MEETING AT UNITEL SA, WHOSE CHAIRWOMAN ISABEL DOS SANTOS OWNS 25 PERCENT, COMES AFTER AN ARBITRATION COURT RULED THAT BRAZILIAN TELECOMMUNICATIONS COMPANY OI SA WAS ENTITLED TO RECEIVE $654 MILLION FROM OTHER UNITEL SHAREHOLDERS BECAUSE THEY VIOLATED SEVERAL CLAUSES OF THE COMPANY’S SHAREHOLDERS’ AGREEMENT AND FAILED TO PAY DIVIDENDS TO OI.
SHAREHOLDERS WITH AS MUCH AS 75 PERCENT OF UNITEL ARE LIKELY TO VOTE FOR THE REMOVAL OF DOS SANTOS, ACCORDING TO ANTONIO ESTOTE, AN INDEPENDENT ECONOMIST AND PROFESSOR AT THE UNIVERSIDADE LUSIADA DE ANGOLA. BESIDES OI, THE SHAREHOLDERS ARE STATE OIL COMPANY SONANGOL AND ARMY GENERAL LEOPOLDINO DO NASCIMENTO, WHO EACH HOLD 25 PERCENT, ACCORDING TO ESTOTE.”
Unitel’s core investors voted on the matter – Yesterday, the telecom company’s main shareholders met in Luanda and surprised speculators by unanimously re-electing Ms Santos as the Chairwoman of the company’s Board of Directors.
She now has another four years to possibly try and make a difference. Note that the woman has a 25 percent stake in the leading Angolan telco.
Isabel dos Santos was fired before – As Nairametrics reported, the billionaire was relieved of her job as the head of Angola’s state oil company, Sonangol, back in 2017. Her firing followed the new Angolan President’s determination to fire Santos and rid the country of the corruption that pervaded the system while her, Jose Eduardo dos Santo, ruled for 37 years.
About Isabel dos Santos – The woman is Africa’s richest woman, according to Forbes Magazine. She made her money from her dealings in the country’s oil and gas sector. Nairametrics recently reported that with her net worth of $2.3 billion, she is the world’s second richest black woman. She is second only to America’s Oprah Winfrey and is followed by Nigeria’s Folorunsho Alakija.
March 21, 2019

HOW TO GET RID OF OUTRAGEOUS ELECTRICITY BILLS


Electricity bills in Nigeria have long been a topic of discussion among the populace. More often than not, Nigerians always express their displeasure to the bills, which according to them, hardly correlates with how much electricity they consume.
Power holding firms in the country have had a lot to do with it, as many electricity users believe they find solace in estimating ridiculous bills.

How Nigerians have reacted to ‘outrageous’ electricity bills

The social media has since been serving as a hub for lamentation. And in this case, it is not different. Many Nigerians have always taken to social media to express their displeasure over their ‘outrageous’ electricity bills.

What may unknowingly influence your ‘outrageous bill’

Unknowing to an average Nigerian, there are a lot of factors that influence the electricity bills.
It is pertinent to understand that when you switch on any electrical appliance as an electricity consumer, it works only when there is a connected electrical power from a source to consume. A unit of this power is known as a WATT, 1000 watts makes up 1 KILOWATT and a 1000 kilowatts makes up 1 MEGAWATT.
However, different electrical appliances consume varying amounts of watts of power depending on their use, or the power required to carry out their function. For example, the amount of power required to keep a small bulb on for one hour and that required to keep a heavy machinery working are definitely not the same.
Therefore, knowing, or at least having an idea of how much your appliances use can help plan your electricity budget, and also save cost.
On the other hand, usage matters as much as wattage when it comes to your electricity bill. For instance, although a pumping machine consumes up to three times a deep freezer does, the freezer is usually kept running much longer than a water pump.
Therefore, your freezer ends up making up a larger part of your electricity costs.
Every newly acquired electrical appliance comes with a consumption rating either on the bottom or side of the appliance. While some appliances will directly inform you of how many watts it consumes, others may just provide the voltage (volts) and the current (amperes).
More so, one can determine the consumption of such appliance by multiplying voltage by the amperes.

The ideal payment system to electricity usage

Ideally, the amount of money paid by an electricity consumer should depend on the number of appliances used in a building, for how long they are run and the customer class the building falls under.
An average non-maximum demand residential customer would be classified as R2; for which electricity costs an average of N26.27 kilowatt per hour. Assuming this consumer
pays N14,000, the customer should get 532.93 kilowatts of electricity. If this customer uses
17.76 kilowatts per day, N14,000 worth of electricity should last for a month assuming 24 hours supply.
Similarly, an average non-maximum demand commercial customer would be classified as C2; for which electricity costs an average of N40.08 a kilowatt per hour. Such customer will receive 623.75 kilowatts of electricity if he or she pays N25,000.
Assuming there is a constant power supply for this customer, N25,000 worth of electricity would be sufficient for a month if a maximum of 20.79 kilowatts is used daily.

March 21, 2019

AIR PEACE ACQUIRES B777 AIRCRAFT

In preparation for its international operation, Nigerian carrier, Air Peace, has taken delivery of its third Boeing 777-300 aircraft. This acquisition comes days after Air Peace defended its order of the B737-Max 8 aircraft which has been banned globally.
The Boeing 777-300 aircraft arrived the Murtala Muhammed International Airport, Lagos at about 3.20p.m on Wednesday. The aircraft, which has been christened “Anuli Peggy Onyema” has 374 capacity.
The Chairman of Air Peace, Allen Onyema, who was on the ground to receive the aircraft said Air Peace had taken delivery of its first and second B777 aircraft in February and August 2018 respectively – making the Boeing 777-300 aircraft (from Texas, USA), the third in the company’s fleet.
“WE THANK GOD THAT WE HAVE TAKEN DELIVERY OF THE THIRD B777 AIRCRAFT IN PREPARATION FOR OUR INTERNATIONAL OPERATIONS.
“WE HOPE TO BEGIN OUR FLIGHTS TO DUBAI AND SHARJAH WITHIN THE NEXT TWO MONTHS. FROM THERE, WE WILL PROCEED TO JOHANNESBURG, MUMBAI AND GUANGZHOU IN THAT ORDER.”
Air Peace has received approval from the Federal Government to begin flights to six international destinations including: London, Dubai, Sharjah, Guangzhou-China, Mumbai, and Johannesburg. He added that one more aircraft was being expected before the end of the year to boost the airline’s international operations.
Impact of Air Peace operation on the economy: Onyema said that Air Peace had created 3,000 direct jobs and 6,000 ancillary jobs for Nigerians, stressing that the newly acquired B777-300 aircraft would create an additional 1,500 jobs.

Response to criticism over order of B737-Max8 aircraft

Despite the ban by various countries on the Boeing 737-MAX 800 jets following the crash of Ethiopian Airlines B737-Max8, which killed all 157 passengers on board, there’s a possibility the Nigerian airline operator will go ahead to add the Boeing 737-MAX 800 to its fleet.
Air Peace had stated that it has no intention to cancel the order the company made earlier last year. The company is expected to take delivery of the aircraft in 2023, but Nigerians have called on Air Peace to cancel the order.
Air Peace and the American aircraft manufacturer, had on September 13, 2018 signed agreement for the delivery of 10 brand new B737 MAX 800 aircraft.
In response, Onyema said it ordered for the embattled aircraft long before the technical issue arise because the plane was the toast of the global aviation industry, and it’s only normal for the company to align with such development.
“WHEN WE PLACED A FIRM ORDER FOR THE 10 BRAND NEW B737-MAX 800, IT WAS THE TOAST OF THE GLOBAL AVIATION INDUSTRY.
“WE WERE ONLY RESPONDING TO THE YEARNINGS THAT NIGERIA AIRLINES SHOULD BE FLYING MODERN PLANES.
“IT IS UNFORTUNATE THAT AIR PEACE IS BEING CRITICISED FOR AN AIRCRAFT THAT WILL NOT BE DELIVERED UNTIL 2023.
“WE BELIEVE IT IS THE WORK OF OUR DETRACTORS, BUT WE WILL NOT BE DETERRED.”

Air Peace awaiting probe of Ethiopian Airlines B737-Max8 crash

Following safety concerns originating from the recent crash, a spokesman for the company, Chris Iwarah, said it is rather premature to start considering cancelling the orders. He said Air Peace will not take any action until investigation has been concluded on the Ethiopian AirlinesB737-Max8 crash.
March 21, 2019

2019 ELECTIONS ,A RAPE OF DEMOCRACY - LABOUR


The United Labour Congress (ULC) has described the 2019 general elections as a complete rape of democracy and an embarrassing sham that aborted the will of majority of Nigerians as expressed through the ballot.
It lamented that the Independent National Electoral Commission Independent National Electoral Commission (INEC) negated the principles upon which elections are organised in saner societies.
The union described the exercise as a harvest of blood, given the several loss of lives, a defilement of the ballot and desecration of democracy capable of destroying the basis of our existence as a democratic nation.
Its President, Joe Ajaero, who condemned the use of military, the police and other security agencies in the conduct of the elections in a statement yesterday, lamented cases of rampant collusion between the military and politicians to manipulate votes in favour of some candidates.
He also condemned militarisation of the electoral process, intimidation of opponents and voters, as well as coercive collation and announcement of results that compromise electoral integrity.
According to him, the irregularities denied majority of Nigerians their rights to choose their leaders, as it stripped voters their power, leading the electorate to an edge where they believe that their votes no longer count.
He also described the voters as being rendered orphans, unprotected, undefended, infertile, impotent and unable to create desired change.
Ajaero called on all stakeholders to come together and seek ways of making the country’s electoral processes more effective and transparent so that integrity of the ballot could be better appreciated.
Meanwhile, the Trade Union Congress (TUC) has urged the National Assembly and well meaning Nigerians to prevail on governors to ensure prompt payment of workers’ salaries and pensions when the new minimum wage scheme commences.
The congress, which argued that Nigerian workers have suffered enough, cautioned those who feel they could not pay the new wage, to stay away from politics.
In a statement yesterday, TUC President, Bobboi Kaigama and Secretary General, Musa-Lawal Ozigi, advised those who claim it is only when government increased Value Added Tax (VAT) that it could pay the new wage, to forget about the idea.
The union, which commended the Senate for approving N30, 000 national minimum wage, also appreciated the Federal Government, lawmakers and the Nigeria Employers’ Consultative Association (NECA) for identifying with Nigerian workers.
March 21, 2019

COURT REMANDS MAN FOR ALLEGEDLY RAPING 16 YEAR OLD DAUGHTER


A Yaba Chief Magistrates’ Court in Lagos yesterday ordered that a 50-year-old man, Gafar Anifowose, accused of defiling his 16-year-old daughter, be remanded in prison.
Chief Magistrate K.B. Ayeye, gave the order after the defendant pleaded not guilty to the charge and adjourned the case till June 3 for trial.
Earlier, the police prosecutor, Thomas Nurudeen, told the court that the defendant, on March 3, at about 9:00a.m. at No. 5, Faniran str., Ikorodu, Lagos, raped his 16-year-old daughter twice and warned her not to tell anyone about what he did, an offence he said contravened the provisions of Section 137 of the Criminal Law of Lagos State, 2015.
Meanwhile, an Ibadan-based businessman, Oluwatosin Bakare, yesterday told an Ile-Tuntun Customary Court sitting in Mapo, Ibadan, to dissolve his seven-year-old union to his wife, Enitan, because she frequently beats him.
Bakare, who lives at Labo Owo, Dugbe area of Ibadan, cited frequent battery and threat to his life as reasons for his prayers for divorce. He expressed regret on his refusal to make a thorough research before he got married to Enitan.
“My lord, as soon as Enitan got into my house, she began to act strange. She challenges my authority on most issues. I have made efforts to correct her misbehaviour by informing our pastor, but rather than turn a new leaf, Enitan’s attitude worsened, making the pastor’s intervention ineffective.
“In October 2018, Enitan, on entering our bedroom, gave me a deafening slap as she followed it up by bringing out a knife to stab me. I, however, managed to escape unhurt. I cannot count the number of times she had attacked and torn my clothes in the church and at other public gatherings.
Sometimes, if I leave the office late, Enitan would challenge me and even beat me on getting home. On November 16, 2018, she attacked me with a chisel in the church.
However, the respondent, opposed the divorce, and was unable to deny most of the allegations leveled against her. Enitan, a laboratory attendant, instead submitted that her spouse was the best man to be with.
“My lord, our pastor is the problem in my marriage to Oluwatosin. The pastor has convinced my husband to marry another woman from his church. I noticed a change in my husband since I had a miscarriage. He refused to show any concern. He started coming home late and also stopped performing his roles as husband.”
President of the court, Henry Agbaje, requested them to provide more evidence to substantiate their claims. He adjourned the matter until April 4 and asked them to produce their relatives.
March 21, 2019

IMO WORKERS REJECT OKOROCHA'S ELECTRONIC PAYMENT


Trouble seems to be looming between Imo State Governor Rochas Okorocha and the state chapter of the Nigeria Labour Congress (NLC) over move by the state government to conduct a biometric verification of workers in the state.
The state government also planned to commence electronic payment for the workers and re-implementation of staff payroll.
But yesterday, the Imo State NLC leadership has rejected the entire programme, stressing that it will make the workers redundant and “would have great effect on the public service.”
The workers’ union also contended “that the cumulative effect of the redundancy would lead to arbitrary sacking of workers and that the programme cannot be fully realised within the remaining lifespan of the present administration.”
The union also urged the state government to pay the February 2019 salary to the workers without further delay, especially for the parastatal workers in the state.
In a statement, the Imo NLC Chairman, Austin Chilakpo, further said that while the programme is unacceptable to the entire workers, “the policy should be left for the incoming administration to consider and implement if necessary.”
In another development, the People’s Democratic Party (PDP) in the state has accused Okorocha of illegally auctioning about 71 government vehicles in the tune of N6.1 million in the past few days.
Its Secretary, Ray Emeana, stated this at a press briefing in Owerri yesterday.
The party alleged that the auctioning was done by one Eze M. U. Osakwe and supervised by the Commissioner for Works in the state through a letter addressed to the works commissioner authorising the auction from the office of the Secretary to the State Government of Imo State.
Emeana, who expressed worry as to why Okorocha should allegedly embark on the exercise shortly after a new government was elected in the state, also alleged that the auctioning was done on Tuesday, March 12, 2019 but was backdated to December 18, 2018 by the state government.
He said that Okorocha’s action was a calculated attempt to make governance difficult for the incoming governor, Emeka Ihedioha.
Meanwhile, when contacted, Chief Press Secretary to Okorocha, Sam Onwuemeodo, declined to comment on the allegation but however insisted that every claim by the PDP against the state government should be taken with a pinch of salt.

Wednesday, 20 March 2019

March 20, 2019

EX-ANAMBRA CJ JOINS APGA AFTER RETIREMENT


The immediate past Chief Judge of Anambra, Justice Peter Umeadi on Wednesday joined the All Progressives Grand Alliance (APGA) in his Nri ward two in Anaocha area of the state.
The News Agency of Nigeria (NAN) recalls that Umeadi retired as CJ on March 1, 2019 and was recently announced a law professor by the University of Nigeria Nsukka (UNN).
Umeadi said his decision to join partisan politics was to keep his brain active, adding that any person who retired and gone to sleep ended up having his brain asleep.
The ex-CJ used the opportunity to stress the need for an Igbo man to be given the opportunity to be Nigeria president.
”It is only when an Igbo man is allowed to be in-charge of Nigeria for eight years that things will get better.
“Igbos have the highest investment in Nigeria, and Nigerians must support them in their presidential bid in 2023 if things must move well,” he said.
NAN reports that a female justice, Mrs Ijem Onwuamaegbu took over from Umeadi after he retired.
Chief S. A. Egolum, APGA Chairman, Nri Ward 2 expressed delight that the legal luminary had joined politics and assured him that he would have all rights and privileges for members in the party.
March 20, 2019

25- YEAR OLD MAN ARRESTED FOR ALLEGEDLY KILLING HIS WIFE'S SECRET LOVER


A 25-year old man, Ajibade Olumuyiwa, has been arrested by detectives of Ogun State Police Command for allegedly killing one Olakitan Balogun whom he alleged was having a secret affair with his wife.
The suspect was arrested at about 1.45 am on March 17, 2019, following a distress call received by the Divisional Police Officer (DPO) Ajuwon division from residents of Doland estate that a man has murdered his wife’s concubine right inside his house.
According to the police spokesman, Abimbola Oyeyemi, on the receipt of the distress call, the DPO CSP Afolabi Kazeem led his detectives to the scene where the suspect was promptly arrested.
The police spokesman explained that Olumuyiwa met the deceased right inside the house with his wife at about 12:30 midnight on a fateful day. This infuriated him and he started beating the man and hit his head against the wall leading to the death of the victim.
Titilayo Olayiwola, who was accused of having an affair with the dead man, denied having any relationship with the deceased.
She explained that the suspect has abandoned her in the house for the past 8 months with an instruction to the gateman to be monitoring her and give him information if he sights her with any man.
Olayiwola stated that the victim was a cobbler living in the area.
Narrating the incidence, she said the deceased’s girlfriend came to pay him a visit and since he is not living alone, he decided to bring the girl to a room in the house due to his closeness to the family.
But as soon as the gateman saw him, he alerted the husband who rushed to the house and descended heavily on the deceased without listening to any explanation from her and the girlfriend to the victim.
The police said the body of the deceased has been deposited at the general hospital mortuary for post mortem examination.
Meanwhile, the commissioner of police CP Ahmed Iliyasu has ordered the immediate transfer of the case to the homicide section of the state criminal investigation and intelligence department for discreet investigation and prosecution of the case.
The CP also warned that the command would not hesitate to deal decisively with anybody taking laws into his or her own hands for whatever reason.

March 20, 2019

21 PRISON INMATES REGAIN FREEDOM IN EKITI STATE


No fewer than 21 inmates were on Wednesday set free at the Ado Ekiti Prison, in Ekiti.
The inmates were among the 327 interacted with by the Chief Judge of the state, Justice Ayodeji Daramola.
The News Agency of Nigeria (NAN) reports that the Chief Judge made the release as part of his first quarter prison visit of the year.
He said that the major reason behind the visit was to inspect the living conditions and ensure improved welfare for the inmates.
He appealed to the police prosecutors in the state handling cases to file them on time, in order to reduce number of awaiting trial inmates in the prisons.
He commended the prison authorities for taking good care of the inmates and keeping the environment very clean, after inspecting the rooms.

March 20, 2019

BUHATI REJECTS FIVE MORE BILLS


President Muhammadu Buhari has again, on Wednesday, declined assent to five more Bills passed by the National Assembly.
His latest rejection of the Bills brings to 26 the number of bills passed by the Eighth National Assembly and rejected by the President.
In a letter addressed to Senate President Bukola Saraki and read at Wednesday plenary, the President listed the newly rejected Bills to include: Nigerian Film Corporation Bill, Immigration (Amendment) Bill, Climate Change Bill, Chattered Institute of Pension Practitioners Bill as well as Digital Rights and Freedom Bill.
President Buhari explained that he rejected the Immigration Bill because it would have adverse effect on Nigeria’s position on the Ease of Doing Business ranking if signed into law, adding that the Chattered Institute of Pension Practitioners Bill amounted to duplication of functions with an existing institute.
Other bills earlier rejected by Buhari since 2015 include: the Petroleum Industry Governance Bill (PIGB), Stamp Duties (Amendment) Bill, Electoral Act (Amendment) Bill, Industrial Development (Income Tax Relief) (Amendment) Bill, National Research and Innovation Council (Est.) Bill, National Institute of Hospitality and Tourism (Est.) Bill and National Agricultural Seeds Council Bill.
Others are Chattered Institute of Entrepreneurship (Est.) Bill, Advance Fee Fraud and Other Related Offences (Amendment) Bill, Subsidiary Legislation (Legislative Scrutiny) Bill, Nigerian Maritime Administration and Safety Agency (Amendment) Bill as well as five constitution amendment bills.
Also rejected are: National Transport Commission Bill, Federal Road Authority (Establishment) Bill, National Broadcasting Commission Amendment Bill, National Oil Spill Detection and Response Agency (NOSDRA) Act (Amendment) Bill and Federal Polytechnics Act (Amendment) Bill.
The Senate had earlier set up a Technical Committee on Declined Assent to Bills, chaired by David Umaru to look into the rejected bills by the President.
Although the Technical Committee laid its report in December last year, the report of the David Umaru-led panel is yet to be considered.
Saraki had on September 10, 2018 announced the setting up of a technical committee to review 15 critical bills earlier rejected by President Buhari.
March 20, 2019

ELIGIBILITY FOR THE 2019 JAMB MOCK EXAM


Some candidates seem not to know whether or not they are eligible for the 2019 JAMB Mock exam while others are asking how they can register now for the mock exam. Let’s quickly clear the confusion so you know if you are eligible to take the 2019 JAMB Mock exam which comes up April 1st, 2019.
In as much as a lot of you would like to take the Mock Exam, not everyone is qualified to do so.
If you did not indicate interest to take the mock exam during the 2019 UTME registration, you are simply not qualified to partake in the mock examination and there is absolutely nothing you can do about that now.
For those who indicated interest to take the mock exam, you can proceed to print your JAMB Mock exam slip if you have not already done so to be able to know your exam time and venue.
I believe this has helped to clear the confusion. However, if you have any more questions concerning the mock exam, please post it as a comment so the community can help you.
March 20, 2019

PDP DEBUNKS JIMI AGBAJE'S DEFECTION RUMOUR


The Peoples Democratic Party (PDP) Wednesday debunked a rumour that its candidate for the 2019 gubernatorial election in Lagos State Jimi Agbaje has dumped the party.
“This is to disclaim the rumour going around, that our governorship candidate, Mr Olujimi Agbaje, has left the PDP,” the State Secretary of the party, Prince Muiz Dosumu said in a statement on Wednesday.
“This is an absolute fallacy and could only have happened in the imagination of the rumour peddler,” he added.
Agbaje was rumoured to have dumped the opposition party because of an unresolved issue following his loss during the gubernatorial election in the state.
He was defeated by the All Progressives Congress candidate Babajide Sanwo-Olu. Sanwo-Olu polled 739,445 votes to defeat Jimi Agbaje of the PDP, who polled 206,141 votes.
Agbaje exit was initially erroneously confirmed by PDP chieftain Femi Fani-Kayode
In a follow-up tweet, Fani-Kayode claimed Agbaje told him he has not left the PDP.
“I just received a call from my brother Jimi Agbaje. He assured me that he has NOT left @OfficialPDPNig and that the media reports were false.
“My brother Gbenga Daniel also reached me and assured me that though he has left PDP he has NOT joined @OfficialAPCNg,” Fani-Kayode tweeted on Wednesday.
Although Dosumu also hinted on the rift but stated that the party leadership in the state “has embarked on serious peace initiative to foster unity in the Party.”
“We cannot afford to start again as we usually do, battles after every election, till another one,” Dosumu said.
“Please help foster unity and peace in the party and not another war.”

March 20, 2019

FRSC PROFFERS SOLUTION TO APAPA GRIDLOCKS


The Federal Road Safety Corps (FRSC) says introduction of holding bay and an electronic call-up system among articulated vehicles can easily address the usual Apapa gridlocks in Lagos State.
Mr Hyginus Omeje, the FRSC Lagos State Sector Commander, made the assertion on Wednesday in an interview with the News Agency of Nigeria (NAN) in Lagos.
“Until the permanent solution is found, Lagosians will continue to experience these gridlocks at the Apapa area of the state.
What is the permanent solution?
“Holding bays, where these trucks can go in and park; from there, they get an electronic call-up for loading and the trucks can be moving into the ports in a segmented manner,” he said.
According to him, if you have a truck, it behoves on you to have a holding bay where the vehicles will be parked before going into the port.
The FRSC chief said that some of the transport companies outside Lagos do not have parks like holding bay within Lagos.
“So, when they come to Lagos to load and it is not yet their turn, it becomes a problem,” Omeje added.
He said there should be ease of doing business within Apapa port area, saying that business operations in our port should be seamless.
Omeje said that relevant agencies were now making efforts to ease off the bottleneck as many factors needed to be considered.
He also said that agencies were now in synergy with fleet operators and unions on ways to find a lasting solution to the menace of indiscriminate parking on the highways and on the bridges.
The sector commander said that the bad road network was also a contributing factor to the usual gridlocks.

March 20, 2019

I WANT OLE TO STAY - POGBA


Paul Pogba has exclusively told Sky that he wants Ole Gunnar Solskjaer to become Manchester United's permanent manager.
Caretaker boss Solskjaer has led United to the Champions League quarter-finals and to within two points of the Premier League's top four.
He took charge after Jose Mourinho was sacked following the club's worst start to a season in 28 years.
Fractures in Pogba's relationship with Mourinho began to emerge in September last year when the France World Cup winner was stripped of the vice-captaincy before Sky Sports News filmed them having an animated disagreement on the training ground.
Pogba has scored nine goals in 17 matches under Solskjaer, and says the former United player's arrival had restored the players' "freedom".
"Of course we want him to stay," Pogba said of Solskjaer. "The results have been great. I have a great relationship with him, he has a great relationship with the players.
"When a player is happy, he wants to keep being happy. Solskjaer deserves it. He knows the club, he knows everything about the club.
"He is a really happy coach that gave confidence back to the players.
"This gave us the freedom to play and enjoy football again because maybe we lost that with the results that we had before."

Following Mourinho's sacking in December, Pogba posted a cryptic tweet - which may have been pre-scheduled and was quickly deleted - that some felt was a dig at his departing manager.
"Maybe we lost confidence, maybe things went wrong," Pogba said. "A lot of talking outside that we weren't used to.
"I don't like to talk about the past. I like to talk about the future because that's what matters.
"We are better now and the results have been brilliant. We are back in the top four."

Tuesday, 19 March 2019

March 19, 2019

BRITAIN'S RICHEST BILLIONAIRE MAY ACQUIRE CHELSEA FC FOR N1.2 TRILLION


British billionaire, Sir Jim Ratcliffe, may succeed Roman Abramovich as Chelsea FC’s owner. Ratcliffe had held talks over the potential takeover.
£2.5 billion valuation for Chealsea? – In a new development, Chelsea is the subject of interest for the British richest man. And he may only acquire the club for £2.5 billion (around N1.2 trillion).
He made his money from petrochemicals – Ratcliffe, who made his fortune by founding petrochemicals company Ineos, has already made his mark on the sporting scene by agreeing to purchase Team Sky, a British professional cycling team.
Ratcliffe may not have been contented with the intended purchase of Team Sky, as he’s now exploring the possibility of replacing Abramovich as the Chelsea owner, according to the Times.
The billionaire owns Swiss football outfit, Lausanne-Sport – Though Chelsea is not officially for sale, Abramovich has become an increasingly distant figure due to problems with his visa and he has withdrawn plans to rebuild Stamford Bridge. A sale to Ratcliffe is some way off, however, with Abramovich demanding £2.5 billion.

What will interest you about Sir Jim Ratcliffe

His net worth – Ratcliffe is thought to have a net wealth of £21 billion. He is the founder and majority owner of Ineos, a closely held chemicals manufacturer. The London-based company has about 19,000 employees, operates in 24 countries and reported revenue of $60 billion in 2017. It produces about 60 million tons of chemicals every year, including polymers and resins.
Ratcliffe is calculated to own 54 per cent of closely held Ineos, based on a Bloomberg analysis of a 2014 U.K. government filing and the 2017 annual report of subsidiary Ineos Group Holdings. The London-based company is valued based on a calculation of the group’s average Ebitda and the average enterprise value-to-Ebitda multiple of three publicly traded peer companies: BASF, LyondellBasell Industries and Saudi Basic Industries.
Ratcliffe, who studied chemical engineering and worked later in venture capital, only started as an entrepreneur in 1992 and founded Ineos just about 21 years ago. The company expanded quickly by buying unfashionable petrochemical assets cast off by big oil and chemicals groups. By slashing fixed costs, he soon had most of them generating lots of cash, allowing him to refinance loans.