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Користувач:MayHickman88352

2017-11-17T15:39:52Z

MayHickman88352:

A group of shareholders of Oando yesterday insisted that the embattled company’s management team led by its group chief executive, Mr Wale Tinubu need to resign. President of the Trusted Shareholders’ Association of Nigeria (TSAN), Alhaji Muktar Muktar, mentioned the get in touch with on Tinubu and his group to resign has develop into imperative to save the firm from collapse. Mukhtar also took a swipe at the Securities and Exchange Commission (SEC) for not responding appropriately to shareholders’ demand in respect of alleged infractions in the enterprise. According to Mukhtar, "Regulators have not performed enough to shield shareholders in the complete Oando saga." When speaking in Lagos on Wednesday with newsmen, Mukhtar mentioned, "Ernst & Young, the duly appointed independent auditors to Oando, having scrutinised the accounts of the corporation came up with a damning report that states in clear terms that the liabilities of the business have surpassed its assets by more than N200 billion. The auditors additional declared that there are significant concerns on the continuity of the business. Based on this report, the management of Oando need to have been sacked and prosecuted, but nothing was done. This can't come about in the US, UK, Europe and even Asia." He additional mentioned that it is shameful that though the organization has been unable to pay dividends for the previous 4 years, the executives have been travelling about in private jets and living significant at the expense of shareholders. "Similarly, the management has continued to raise the remuneration of directors and board members when the organization is left to die. This is a clear case of robbing Peter to spend Paul," the TSAN President said. "In other nations, what the regulator will do initial of all if there are evidences or signs of infractions in any business, the management of the firm in question will be sacked. I don’t know why Oando management board is nonetheless there. When some of these issues occurred in some banks when Sanusi Lamido Sanusi was the Central bank Governor, he sacked the management boards of all the banks that were culpable. Even not too long ago, the Central Bank of Nigeria in physical exercise of its regulatory powers, sacked the management and Board of Skye Bank in order to save the bank from collapse. SEC should have similarly acted in the Oando matter," he said. He stated fresh hands and fresh concepts are necessary to redirect the affairs of Oando and save it from hemorrhaging. "It is worrisome that the management running the affairs of Oando has been there for 19 years. That on its own supposed not to be so for a corporate organisation. It is higher time they left the Board, specially now that there are disturbing challenges regarding the affairs of the enterprise," he stated. Final month, SEC placed the shares of the embattled company on technical suspension till additional notice, following petitions from two of the company’s majority shareholders, Alhaji Dahiru Mangal and Ansbury Incorporated more than alleged ‘insider dealings’ and ‘manipulation of the company’s shareholding structure’ in breach of the Investments & Securities Act 2007 and the SEC Code of Corporate Governance for Public Providers. The Johannesburg Stock Exchange (JSE) also placed Oando’s shares on suspension. There have been series of protests against the organization by various shareholders’ groups in a variety of parts of the nation. Oando’s monetary statement for the year ended December 31, 2016 presented by auditing firm of Ernst & Young was described as fairly damning. According to SEC, the allegations against the firm have been sufficiently "weighty" to deserve investigation in order to preserve all shareholders’ interest. The statement appeared to have confirmed the fears of the concerned shareholders, as particulars established the material uncertainty of the business as a going concern. Apart from a extensive loss for the year of N33.9 billion, against N56.6 billion in 2015, the statement said the company’s existing asset exceeded current liabilities by about N14.six billion (N32.8billion net present liability in 2015).

Користувач:MayHickman88352

2017-11-16T18:24:54Z

MayHickman88352:

The Nigerian Army said its troops attached to Operation Lafiya Dole under the army’s 3rd Battalion, 22 Brigade have killed 11 terrorists and rescued 85 hostages in its ongoing daily clearance of the remnants of Boko Haram. The operation carried out on Tuesday ended with the rescue of the hostages at Mogola, Ngaiwa, Tongule and Warsele villages in Borno state. A statement signed by Sani Usman, army spokesperson said the operation which was successful in achieving its objectives was supported by the Nigerian Air Force alongside some civilian JTF. "Earlier today, the unit in conjunction with gallant 22 Mobile Strike Team accompanied by some Civilian JTF, based on credible information carried out offensive operations at suspected Boko Haram terrorists hideouts at Mogola, Ngaiwa, Tongule and Warsele villages in Ngala Local Government Area of Borno State", Mr. Usman said. Mr. Usman, a brigadier general, added that the troops discovered and destroyed Boko Haram terrorists’ logistics base and workshop at Ngaiwa.

Користувач:MayHickman88352

2017-11-15T17:08:52Z

MayHickman88352: Створена сторінка: The Board of Trustees (BoT) of the People Democratic Party (PDP), has poured cold water on Ekiti State Governor, Ayodele Fayose’s Abuja bid to seek its presid...

The Board of Trustees (BoT) of the People Democratic Party (PDP), has poured cold water on Ekiti State Governor, Ayodele Fayose’s Abuja bid to seek its presidential ticket in the 2019 election. A member of the PDP BoT, Dr Okwesilieze Nwodo, conveyed the message to Fayose, yesterday, when he told the governor, pointblank, he cannot contest in the party’s primary poll for the 2019 presidential election. Nwodo stated this yesterday, in Abuja, shortly after Fayose’s formal declaration of intent to contest for the party’s ticket in 2019. Nwodo said PDP’s ideology forbade Fayose and other members from the South from contesting in the presidential race in 2019. He said that the ideology would be followed to the letter, in spite Fayose’s declaration. "Fayose cannot run and I will tell you my reason…Now, we did not only zone the presidency to the North, we have re-emphasised at every opportunity we had that the zoning will take place. So, the party will not collect Expression of Interest money from anybody else who is not from the North and will not issue him a nomination form to contest. No, we will not do that,’’ said Nwodo. Earlier, Fayose had, in a letter to PDP leaders, insisted that his ambition to be president was without prejudice to the party’s position, and added that it was in the interest of the party and Nigeria. Elsewhere, his formal declaration ceremony in Abuja, Fayose vowed to defeat President Muhammadu Buhari at the poll." Fayose reiterated he would defeat Buhari in a free and fair contest. He said despite the party’s decision to zone the its 2019 presidential ticket to the North, the Nigerian constitution guarantees his right to contest for the position. Pushing his position, the Ekiti state governor said the PDP needs someone like him, who has a knack for defeating incumbent to fly its flag in the 2019 presidential contest. "Our party must not lose sight that Nigerians at this period are desirous of a president with demonstrated capacity to change their fortunes. Furthermore, we must be mindful of the fact that our party needs a candidate like me, with a penchant for defeating incumbents. "Twice, I defeated incumbents to become the governor of Ekiti state and I am confident that with your support, as my party leaders and supporters, I will defeat the incumbent president, Muhammadu Buhari, in a free and fair election… "My name is Ayo Peter (Peter, the rock) Fayose. I will defeat this Goliath for you," he declared. "(Late President Umaru Musa) Yar ‘Adua was sitting quietly in his house when (former President Olusegun) Obasanjo sent me to go and tell him he wants him to succeed him. The man said no but God said yes. " Today, for the doubting Thomases, I want to be president of Nigeria. I know I have haters; they will not die. They will watch me enter Aso Rock. I am here to tell you that the hour of the Lord has come for Nigeria. I have not lost any battle." Furthermore, Fayose challenged PDP presidential aspirants in the North to openly declare their ambition, if truly they want the party’s ticket zoned to them. … Gov tells EFCC, ‘you can’t intimidate me’ • Anti-graft commission arrests Finance commissioner, accountant general From Wole Balogun, Ado Ekiti Ekiti State Governor, Ayodele Fayose, was in Abuja, the Federal Capital Territory, declaring intent to contest the 2019 presidential election on the platform of the Peoples Democractic Party (PDP) when agents of the Economic and Financial Crimes Commission (EFCC), arrested his Commissioner for Finance, Chief Toyin Ojo and the Accountant General, Mrs. Yemisi Owolabi back home. Ojo and Owolabi were picked up at the premises of the Finance ministry in Ado-Ekiti, the state capital "because they refused to honour invitations, to explain how the Paris Club debt refund to the state was expended." It was gathered that they were subsequently whisked to Abuja. In a swift response, the state government described Ojo and Owolabi’s arrests as further demonstration of the anti-corruption agency’s irresponsibility. The governor said the EFCC cannot intimidate the state. "The EFCC is obviously living up to its status as the attack-dog of the All Progressives Congress (APC) administration, but, Ekiti state government, under governor Fayose cannot be intimidated." Fayose’s Special Assistant on Public Communications and New Media, Lere Olayinka, said in a statement yesterday that "it was obvious that the hawks around President Muhammadu Buhari are afraid of Fayose’s declaration to contest the presidential election in 2019, hence, the usual panicky measure of arresting government officials in Ekiti, on the day of his declaration, with a view to embark on another round of media trial against the governor and his administration." "It is funny that the EFCC, in a bid to carry out its usual hatchet job against governor Fayose, failed to take into cognisance the subsisting court order, which forbids any official of the Ekiti State government from being arrested by the EFCC. Up till today, the court order has not been appealed and it subsists." The government challenged the EFCC to tell Nigerians what has been done to the loads of petitions written against the immediate past APC administration of former governor Kayode Fayemi, asking: "What has the EFCC done to those involved in the grass-cutting scam and the $43 million Ikoyi scam?" "It is so funny and laughable that these characters in the APC administration cannot even disappoint for once by being unpredictable. "Like we have said before, the game plan of those who want power in Ekiti State by force as well as those who do not want anyone to speak against President Buhari, that they see as a god, is to stifle Ekiti State and make it impossible for the administration to carry out its responsibilities. "However, the EFCC and its collaborators should know that we have threaded this path before and we, in the government of Ekiti State won’t be intimidated by the irresponsibility of a federal government anti-corruption agency that has come to see itself as instrument of harassing, oppressing, intimidating and coercing perceived opposition figures. "On this one, let us tell these agents of the devil in the EFCC and those they are working for that as usual, they have taken on a wrong customer. This is because the more they run after Governor Fayose, the more they hit their heads on the Rock of Ages and get themselves fatally injured."

N40.6trn Transacted Via E-Channels In 6 Months

2017-11-12T14:53:45Z

MayHickman88352: Створена сторінка: Nigerians in the first six months of the year spent N40.607 trillion through the electronic platforms in the country, increasing electronic transactions by...

Nigerians in the first six months of the year spent N40.607 trillion through the electronic platforms in the country, increasing electronic transactions by 100.5 per cent compared to the N20.245 trillion figure recorded as at March 2017. The N40.607 trillion figure recorded as at June 2017 which is asides cash transactions was done via the Nigeria Inter Bank Settlement System (NIBSS) Electronic Funds Transfer (NEFT), NIBSS Instant Payment (NIP), ATM, Point of Sale (PoS), ebills, web payments, mobile money and cheques. NIP which accounted for the largest value had 105.48 million transactions and a value of N26.49 trillion as at June 2017 compared to 69.66 million [http://Thecommonwealth.org/our-member-countries/nigeria transactions] and a value of N13.13 trillion recorded as at March 2017. The volume of transactions done via the [http://www.yohaig.ng/category/nigerian-newspapers/guardian-newspaper/ NEFT platform] rose to 11.5 million by the end of June from 5.78 million as at March while value rose from N3 trillion to N6 trillion. Electronic bills payment transaction volume was 0.52 million, up from 0.29 million while value rose to N292 billion up from N159 billion. Web payment transaction volume stood at 11.49 million at the end of June form 5.52 million as at March this year while value rose to N83.67 billion from N46.57 billion.[https://www.theguardian.com/world/nigeria theguardian.com][http://www.yohaig.ng/recommends/sports-betting/bet9ja/ yohaig.ng]</a> The volume of cheques processed also rose to 5.3 million by the end of the first half of the year from 2.65 million recorded in the first quarter while value stood at N2.78 trillion, up from N1.45 trillion. The number of Automated Teller Machines (ATM) deployed in the country rose slightly from 17,594 to 17,712, serving 63 million active bank customers across the country. This implies that one ATM serves an average of 3,556 customers. ATM transaction volume had risen from 179 million in the first three months of the year to 326.77 million while the value of transactions stood at N3.05 trillion by June ending from N1.5 trillion as at March. Mobile money transactions also continued to gain traction as the number of customers rose to 2.3 million from 1.2 million recorded in March while the number of agents stood at 5,517 from 2,174. Mobile money transaction volume for the half year period was 24.17 million up from 12.6 million while the value of transactions done via the platform stood at N555.83 billion, up from N260.6 billion. Meanwhile, the number of Bank Verification Number(BVN) issued rose by 8.07 per cent to 29.653 as at July 9 compared to 29.415 million registered as at June 18, 2017. According to NIBSS, the total number of bank accounts linked to BVN as at February this year (the latest data given) stands at 26.5 million. Total bank customers as at February this year stands at 63 million holding 98 million [http://thecommonwealth.org/our-member-countries/nigeria bank accounts]. Active accounts however stand at 67 million.[http://Www.Ecowas.int/member-states/nigeria/ ecowas.int][http://www.yohaig.ng/recommends/sports-betting/nairabet/ yohaig.ng]</a> The number of savings account in the country currently stands at 70 million while there are 25 million current accounts.