Thursday, July 26, 2012


Nigeria's First Lady, Dame Patience Jonathan  have been in the news  these days on controversial topics. 
1. Her appointment as a Permanent Secretary in Bayelsa state is yet to settle down 

2. The  squabble with the former first lady, Turai Yar’Adua over a property located in the central business district of Abuja. Although the Attorney General of the Federation has asked the court handling the case to discontinue further hearing, and the case would now be settled out of court.

3.Recently, she was in the news over the rumoured purchase of 200 cars for the African First Lady’s Summit. A newspaper had reported that the Federal Government procured a total of 200 “exotic cars” for the African First Ladies Summit, which formally opens in Abuja.

But, The Presidency in a quick statement signed yesterday by Presidential spokesman, Dr. Reuben Abati,wanted to clear the rumours and straighten up the facts.

The full statement reads;
 “The true facts of the matter are as follows: The African First Ladies Peace Mission which is holding its summit in Abuja is a Non-Governmental Organisation. Its activities are funded by stakeholders and members of the private sector who support and identify with its objectives.
“In accordance with its modus operandi, the AFLPM set up several committees, including a finance committee to raise funds and sponsorship for the organisation of its Abuja Summit.
“As part of its own contributions to the successful hosting of the summit by the First Lady, Patience Jonathan, Coscharis Motors Ltd.  offered to provide some cars for the event at no cost to the organisers or the Federal Government of Nigeria.
“Under an agreement signed by the committee and Coscharis Motors, all the cars will be returned to the company after the summit.”

The reality is does not solves any of our problems here in Nigeria....and it is not an impossible scenario. We know the type of country Nigeria is and i will not be suprised it is proven otherwise. For now, we take Mr Abati for his words.  Madam First Lady is obviously living her life.....i guess it is her time.


K-Stewart was photographed kissing her married "Snow White and the Huntsman" director Rupert Sanders is not new.... and yes Kristen Stewart (22) cheated on Robert Pattinson (26) much as it is suprising. it is not suprising at the same time. The things that goes on behind the closed doors in Hollywood.......are not things many of us know unless the cover gets blown. It is only those who are caught red handed that suffer.....and its only those you hear that shocks you, how about those ones we have not heard and will never get the chance to hear????
Who would have thought that K-Stewart will do that to Rob? It all seemed perfect and you know people just loved them..... but a lot of things are not what they seem. How exactly does a 22year old hottie get caught up in a fling with a man in his forties?  and how does a man married to a model succumbs to such a temptation? These things can get messy sometimes and you never know.... Hollywood isn't as perfect as it looks. I guess on movie sets, emotions do run wild.....
"I'm deeply sorry for the hurt and embarrassment I've caused to those close to me and everyone this has affected,This momentary indiscretion has jeopardized the most important thing in my life, the person I love and respect the most, Rob. I love him, I love him, I'm so sorry."
Rob may be having some quiet thinking right now.....the feeling of being cheated on is hurtful and annoying. I am so much of his fan but i feel really bad for a guy of his type who had this to say about cheating:

When Us Weekly  asked the British actor whether he could ever date a married woman, Pattinson replied, "Life is not black and white. There are married couples that never see each other. Is that marriage?"
On Cheating he said; "But there's a thing I've never got: That is, why do people cheat?"
"I can understand the impulse," Pattinson continued. "But not how you can keep two relationships going at the same time for long."
Before K-Stew scandalised herself in this supposed fling, pals told Us Weekly that Pattinson was preparing to propose to his Stewart.
"I'm not the casual-affair kind of guy," he told Vanity Fair. "If I choose to be with someone, it's because I really want it. When I have a relationship, I'm 100 percent into it." (Ouch! it really hurts)

Liberty Ross,  Sanders wife also appeared in the film – as the mother of Stewart’s character.Yesterday, just as news of Stewart and Sanders’ affair broke, Ross tweeted a famous quote from Marilyn Monroe, "Sometimes good things fall apart so better things can fall together.” That post was followed by a single word, “Wow,” and then Ross deleted her account soon after.  I guess, the tweet meant just more than words to her. 
Sanders  also issued one of his own. "I am utterly distraught about the pain I have caused my family,My beautiful wife and heavenly children are all I have in this world. I love them with all my heart. I am praying that we can get through this together."

This is a marriage relationship....forgivesness as hard as it is remains the best thing!

Tuesday, July 24, 2012


It sounds like those rumours that run wild on the net but this time its true that Ghanian president John Atta Mills, who won international praise as leader of a stable model democracy in Africa, died suddenly on Tuesday. "It is with a heavy heart ... that we announce the sudden and untimely death of the president of the Republic of Ghana," a statement by the president's office said.

Mills, who celebrated his 68th birthday on Saturday, died a few hours after being taken ill, but no further details were given. A presidential aide, who asked not to be named, said the president had complained of pains on Monday evening and died early on Tuesday afternoon when his condition worsened.
Mills had returned from medical checks in the United States a few weeks ago.
 Trained as a lawyer and taxation expert,
Ghana's election commission said December's presidential and parliamentary elections would go ahead as planned.
"The election calendar remains unchanged – it's purely a party matter," election chief Kwadwo Afari-Gyan told Reuters, explaining that it was up to the ruling National Democratic Congress (NDC) to find a candidate to replace Mills.

Mills had served as vice-president to President Jerry Rawlings, a fiery former coup leader, who stood down in 2000 after two elected terms under the democratic constitution Rawlings himself had introduced.
Mills's 2008 victory was his third attempt at the presidency. He had lost twice to John Kufuor in elections in 2000 and 2004.

 Vice-President John Dramani Mahama has taken the presidential oath of office just hours after officials announced the country's leader had died.

Wednesday, July 18, 2012


Ibra is definitely happy at his own words....

"I consider this team as the same level as other teams I have played for," he said. "But we have to go out and show it on the pitch. If you look on paper we are definitely up there. But we have to show it. We have to win.
"Now that the dream has become reality everyone is talking about Ligue 1. Everyone should be positive about this. But it’s up to us to prove it now. We have to win."
Ibrahimovic’s agent said Sunday that Serie A has lost its last remaining star, and Ibrahimovic agrees.
"I came here because I see the future here. I don’t see the future in Italy," he said. "What happens in Italy is their problem now. Losing two big stars like me and Thiago Silva is a big thing for the club and the championship.
"For sure the Italian championship without us will be more poor, but I don’t know if it will have less quality. What I know now is that with us the French championship will be better and more watched in the world."
"I want to thank PSG and Leonardo," Ibrahimovic said. "They made something impossible possible and now I am very happy. It’s a big step in my career, another dream come true.
"I know there’s been a big media interest in this. It’s been more intense than when I moved to Barcelona. I’m very excited in this project. I’m here to make history and I will enjoy all the trophies we bring home."
"It seems that I will finish my career here but that’s what I said at Milan too," the 30-year-old Ibrahimovic said. "You never know what will happen. But I’m not thinking about that at the moment, I’m thinking about winning during my time here."
"I come to a dream team and the dream team will continue to grow," Ibrahimovic said. "They will do everything to win and I want to be part of that. I’m going to be playing with the best players in the world. They’ve also bought the best defender in the world, Thiago Silva, and as long as I have him behind me I don’t need to look back.
"Who doesn’t want to be here? This is the future and I believe in this, this is the most important. When you look at the team it’s really a dream team. It’s the future not only of French football but also in Europe and even the world."
Italian media has said that Ibrahimovic was forced out of Milan after the club decided the fee for an ageing player was too good to turn down.
"I’m very happy I was there. Milan gave me my smile back," Ibrahimovic said. "I will always have very good memories of Milan. I was very happy. I don’t want to put a shadow over my time at Milan, they made it very easy for me to come to PSG.
"I thank them and I wish them all the luck. They are a great club and I’m sure they will continue to win; they did it without me as well as with me. I did my max as an individual and for the team. I have nothing negative to say about them."

The club’s Qatari owners have already signed Ibrahimovic’s former Milan teammate Thiago Silva and Napoli’s Ezequiel Lavezzi this preseason as well as midfielder Marco Verratti, who was also unveiled Wednesday after completing his move from Pescara.
PSG’s huge outlay last season included spending a French record €42 million ($55.4 million) on Argentine playmaker Javier Pastore, as well as prizing away winger Jeremy Menez from Roma, midfielder Mohamed Sissoko from Juventus, defender Maxwell from Barcelona and midfielder Thiago Motta from Inter Milan.

Ibrahimovic joined Milan from Barcelona on loan in 2010 and the move was made permanent the following year. With 28 goals, Ibrahimovic was Serie A’s top scorer last season — a feat he also achieved with Inter in 2009.
 PSG has paid a reported €20 million ($25 million) for Ibrahimovic, taking its summer spending on new players to an estimated €112 million ($137 million). Ibrahimovic has signed a three-year contract with PSG, worth a reported €14 million ($17 million) net a year, €2 million more than he earned at Milan.


I like Lagos for many being the Governor, Babatunde Raji Fashola (SAN). With all his short comings, he got this one is an encouragement for a country plagued by leaders who rarely motivate or inspire us. This incident gladdens my heart.
The Lagos state Governor, Babatunde Fashola on Tuesday arrested a Military Col. Ki Yusuf and Staff Sergent, A J Adeomi for driving on the  Bus Rapid Transit (BRT) lane.
The soldiers were accosted on the BRT lane at the Outer Marina in Central Lagos. Col. Yusuf was driving in an army green Peugeot 406 with registration number BO1 – 150 NA. Staff Sergeant Adeomi drove in a black Toyota Camry.
As Mr Fashola moved towards the oncoming vehicle,  Col. Yusuf came down from his car, saluted severally and began muttering: “I am sorry; very, very sorry”
The Governor said: “Why, as a senior military officer, would you choose to break the law instead of preserving it?”
Trust Lagosians, they did not miss the action.
Answering questions from reporters after the incident, the governor described as “very unfortunate” the fact that those who ought to stand in defence of the democratic values of the nation are the ones violating the law.
He, however, added: “But it signifies my commitment and the commitment of the Lagos State Government that all those who will not comply with our laws should leave our state. We will not back down.
“There is a zero tolerance for lawlessness. There is zero tolerance for breach of our regulations and we are going to do more of this. We are going to take control of our traffic. We cannot build our way out of traffic congestion; our responsibility is to manage traffic and manage congestion”.
Insisting that people must behave well, Mr Fashola said: “I don’t use the BRT lane; I sit down in traffic and I expect everyone who wants to drive his car to do the same. The alternative is to use the bus.
“The bus is for those who cannot afford to buy cars. They have the right also to use the road and we cannot encroach on that lane which we have reserved for them. This is democratisation of the road and I will defend it.”


When Miranda Kerr of Victoria's Secret wore a fashion bra worth 2.5 million dollars, i was thinking it was out of this world for a bra to cost that much but this is even more beautiful for less.... don't you just love this bra?(pictured below)
Meet the most expensive bra in the world in 2012. It costs $ 1 million and is made only of 500-carat diamond.It appeared in America,in Birmingham, Michigan, a quiet city of 20,000 inhabitants,  and it is the world’s most expensive bra in 2012.
It is made of  750 grams of gold and 501.46 Carats multi-colored diamonds. and was made in the course of a year to 40 experts.
The bra is made by Anthony Aubry at the Birmingham Estate and Jewelry Buyers and he took  three months to design and almost a year to create this piece of lingerie.
At the end he named the amazing work of art, endurance and expertise after his wife, Rita.This is not the first luxury bra auctioned.


Happy 94th birthday  to Nelson Rolihlahla Mandela....... a great and inspiring elder statesman! Best and always!

Tuesday, July 17, 2012


 PSG have confirms they they have signed Zlatan Ibrahimovich from AC MILAN....
Swedish striker Zlatan Ibrahimovic is set to sign for French side Paris Saint-Germain, according to the club's sporting director, Leonardo.
The 30-year-old is due to be unveiled at the club on Wednesday, providing he passes a medical.
"I confirm that we have reached an agreement with Ibrahimovic," Leonardo said on Tuesday.
"The player will undergo the medical check-ups tomorrow."
Ibrahimovic scored 33 times in 40 matches for AC Milan last season.
He also scored twice in three games for Sweden at Euro 2012.
PSG have also signed Thiago Silva and Ezequiel Lavezzi this summer.....
Perhaps, Dimitar Berbatov  could be a good replacement for Ibra, just not sure who will fit into Silva's shoes at AC Milan.


Days back it was Kim K and her indecent exposure, is Lady Gaga.... Celebrities just cannot resist the temptation to go sells....i don't blame them!
Lady Gaga tweeted the ad for her Fame fragrance yesterday, which features tiny men scaling her nude body as she wears nothing more than a mask and the sleek perfume bottle. The photograph, shot by fashion photographer Steven Klein, is accompanied by the tagline ”The First Ever Black Eau de Parfum.”
”i won’t lie I’m a bit nervous. its been a while since i’ve shared some work with you. But i’m so proud of Steven+I, we really did not sleep!” she tweeted before revealing the black-and-white image.
Gaga also worked with Klein in 2010 for her “Alejandro” music video.
Gaga once said that the perfume would smell ”like an expensive hooker.”
”[Blood and semen] is in the perfume but it doesn’t smell like it. You just get sort of the after feeling of sex from the semen and the blood is sort of primal. And the blood was taken from my own blood sample so it’s like a sense of having me on your skin,” she said.
 Celebrities and lengths they can go just to stay up there!
Nigeria's Goldie Harvey will do herself a lot of good and stop doing GAGA-wanna be...she obviously can't it off, she is nothing like Lady Gaga.


EKO MEGA CITY......LAGOS State government, on Monday, commenced the demolition of the large Makoko waterfront slum. Incase you are wondering where Makoko is.....
 When you have seen The Famous third mainland bridge, you have seen the settlement, which i hear is about 107 years old.

A letter was served on residents last week, giving them 72 hours to vacate their properties.
Several told the BBC they did not know where they and their families would sleep.
 Men  were seen using machetes to chop down the stilts of the wooden homes, while police watched from nearby boats.(TYPICAL OF NIGERIA!)
The letter from the Lagos state authorities says the illegal constructions constituted an "environmental nuisance, security risk and an impediment to the economic and gainful utilisation of the waterfront" and undermined the "megacity status" of Lagos.
The exact number of people that will be affected by the exercise is yet to acsertained but it is clear that  no fewer than 30,000 people lived in the targeted slum.

The Makoko community which is divided between land-based and waterfront areas, will have only the inland residents  affected by the demolitions.There have been denials of complaints in some quarters that the government had not duly notified the affected residents, the community leader, Mr Ray-mond Adekunle Akonse-moyin, said “the government has repeatedly given enough notice to those occupying these illegal structures to leave. But this has been to no avail.”
 It is another sad story and what this means is Lagos and Neighbouring states will be flooded with homeless Nigerians..... is Governor Fashola actually doing the right thing? Is the man trying to be more logical than emotional??? Lagos is a city that draws people from different walks of life and i don't see these people heading any where!


Victoria Beckham has a super model figure but at her age.....i am wondering if she actually eats! She is way too skinny! She is already a fashion icon, she is a pretty woman and she has nothing to prove but being this skinny is just outrageous!

When i see models.....they really don't appeal to me, i still don't understand why girls try so hard to be skinny and even women! Having some flesh won't hurt and being so carved out all the time just does not look like fun! Fashion comes with comfort and i guess she likes herself this way and she has milllions of fans!


An Islamic school in the Bukuru area of Jos in Plateau State was hit by a bomb a few minutes ago.

The Plateau state governor’s spokesman, Pam Ayuba who confirmed the incident said “there was an explosion this morning  in the Bukuru area of Jos South. The bomb was intended to blow up the secretariat of Jos South local government”
 A 10-year-old boy has died after a rocket was fired at a school in the Nigerian city of Jos but missed and hit a nearby building, officials say.
The school authorities say the boy was not a pupil at the large co-educational institution owned by the city's Muslim community.
The casualty figure has not been confirmed, but a military spokesman and residents said one young person died in the attack.
A resident, Murtala Abdullahi said an attacker fired a heavy weapon at a building from a main avenue, and that it appeared a Muslim school in the Bukuru area, across the street from the government building, was the target.
Military spokesman, Salihu Mustapha, who also confirmed the attack, said “someone opened fire on some innocents… one of the bullets hit a child.”

Tension...and panic! You think it will cool down but it gets even worse.


Do you smell scientology karma??. Let's resist the temptation to jump the was nothing major.

Katie Holmes and  Suri Cruise were leaving Chelsea Piers (where Suri had been having gymnastics class) Monday night when their Mercedes got sideswiped by a garbage truck, resulting in denting the ridebut no one was hurt.
The scrape-up happened about 9:30 p.m. on W. 33rd St., between Seventh and Eighth Aves., police said. Holmes and Suri were passengers, and their driver was the only other person inside the ’Benz, a police source said.
“It was nothing major other than the fact that it was Katie Holmes,” the source said.

This will make Holmes think again about  her new team of handlers. The actress ditched her previous security team in an effort to sever any ties to Tom Cruise as she filed for divorce. It was an extremely public parting that was reportedly motivated in part by Holmes’ fears that Suri would get sucked into Cruise’s Scientology faith.


Holmes, 33, filed for divorce in Manhattan on June 28 in a surprise move that left Cruise, in the words of his mouthpiece, “deeply saddened.” She won primary physical custody in a speedy settlement reached just 11 days later.


 The paramount ruler of the Igala Kingdom, His Royal Majesty (HRM) Alhaji Aliyu Ocheja Obaje id dead.
 He was aged 102, the Attah Igala's death was announced by the State government on Monday in Lokoja.
Born in 1920, Dr. Aliyu Obaje was the youngest person ever to be installed as Attah Igala. He mounted the stool at the age of 36.
HRM Aliyu Obaje ascended the throne on the October 20, 1956 following the death of his predecessor, HRM Ameh Oboni.
He was one of the longest serving monarchs in Nigeria.
HRM Aliyu Obaje was the chairman of the Kogi State council of Traditional chiefs.
Having served as the Attah Igala for fifty years.
He held the Nigerian national honour of GCFR (Grand Commander of the Federal Republic).

Rest in peace your majesty....AGABAIDU!


Before you read the news below: I really find this very typical of NIGERIA....i don't know anywhere else where a single state will have up to 6,000 political aides? How exactly thier portfolio does helps in the development of the state? it leaves you wondering.....ONLY IN NIGERIA!    Even though the Government has sacked them, there are still going to be fresh is a cycle. God help this country.... with the wrong mindset, everything else goes wrong. That is Bauchi alone, how about other states? 

The Bauchi State governor, Isa Yuguda, has sacked over 6,000 political appointees in the state.

A press statement signed by the Secretary to the Bauchi State Government, Ahmed Ibrahim Dandij has said.
The statement reads: “following complaints by stakeholders that the majority of political appointments made by the state government are not only lopsided but don’t reflect the structure of the ruling party at state, local government and ward levels, Governor Isa Yuguda has approved a review of these appointments with immediate effect in order to pave way for the review.
“Director Generals, Senior Special Assistants, Senior Special Assistant II, Special Assistant and special assistant II are hereby disengaged with immediate effect.”
The statement however, said the appointees whose services are essential are not affected by the disengagement. They include those on essential services and political appointees attached to the governor and his deputy.
It said “fresh political appointments would be made shortly when the review is concluded”.

Monday, July 16, 2012


 “I thought, age should speak, advanced years should teach wisdom.
  But it is the spirit in a man, the breath of the Almighty that gives him understanding.
  It is not the old who are wise, not only the aged who understand what is right”
  Job 32:7-9 (NIV)

In this type of society we operate here, age is always put before ability or skill. In the real sense, it does not always have to do with how old you are…. it is important that the best man do the job: it should not always be about how many professional qualifications obtained or how long they have been on a job, when someone can excellently execute a task, encouragement and challenges should be placed before such a person. An example is about David in the Bible; if age was so much a factor, David would not have been anointed king by Samuel….God would not have chosen him. He was the youngest. (1 Sam16:1-13)
Excellence does not thrive where there is stagnation, mediocrity….. a place where people are not encouraged to use their initiative is not healthy. We may be tempted to give in to age considering how this environment, yet you must be wise enough to look at the end result. Let the best man get the job done; swallow your prejudice for excellence to thrive.
When a leader decides or allows himself to be surrounded with outdated, archaic, unproductive people, he will never rise above their level of reasoning. This is why Nigeria will always be battling with productivity and excellence because we so much place emphasis on age even when it is counter productive. Let the best man effectively do the job…that should be the most important thing. The vibrant middle class is gradually dwindling because the society does not groom people for the type of mindset that thrives in excellence. We find ourselves sometimes under the type of leadership that makes you so angry because of how unbelievably incompetent the leadership is, people who cannot run a simple cycle, how much more the seat of power? A lot of people in position of authority who think they know everything; they never give room for other people’s opinion to count….. At the end of the day, the whole system is plagued with unyielding standards of stagnancy and unproductivity.  

The world will always marginalize the ignorant; we cannot continue in fossilized backwardness. We must be able to always be logical rather than emotional in getting things done.

Monday, July 2, 2012


After much speculation that Anderson Cooper is gay or not....we have finally heard from the Horse's mouth.

He made it public through an email to a writer Andrew Sullivan.
"The fact is, I'm gay, always have been, always will be, and I couldn't be any more happy, comfortable with myself, and proud," he wrote.

I am not suprised...smelt it somehow! Goodluck to him.....below are words of the email
Andrew, as you know, the issue you raise is one that I've thought about for years. Even though my job puts me in the public eye, I have tried to maintain some level of privacy in my life. Part of that has been for purely personal reasons. I think most people want some privacy for themselves and the people they are close to.
But I've also wanted to retain some privacy for professional reasons. Since I started as a reporter in war zones 20 years ago, I've often found myself in some very dangerous places. For my safety and the safety of those I work with, I try to blend in as much as possible, and prefer to stick to my job of telling other people’s stories, and not my own. I have found that sometimes the less an interview subject knows about me, the better I can safely and effectively do my job as a journalist.
I've always believed that who a reporter votes for, what religion they are, who they love, should not be something they have to discuss publicly. As long as a journalist shows fairness and honesty in his or her work, their private life shouldn't matter. I’ve stuck to those principles for my entire professional career, even when I’ve been directly asked “the gay question,” which happens occasionally. I did not address my sexual orientation in the memoir I wrote several years ago because it was a book focused on war, disasters, loss and survival. I didn't set out to write about other aspects of my life.
Recently, however, I’ve begun to consider whether the unintended outcomes of maintaining my privacy outweigh personal and professional principle. It’s become clear to me that by remaining silent on certain aspects of my personal life for so long, I have given some the mistaken impression that I am trying to hide something - something that makes me uncomfortable, ashamed or even afraid. This is distressing because it is simply not true.
I’ve also been reminded recently that while as a society we are moving toward greater inclusion and equality for all people, the tide of history only advances when people make themselves fully visible. There continue to be far too many incidences of bullying of young people, as well as discrimination and violence against people of all ages, based on their sexual orientation, and I believe there is value in making clear where I stand.
The fact is, I'm gay, always have been, always will be, and I couldn’t be any more happy, comfortable with myself, and proud.
I have always been very open and honest about this part of my life with my friends, my family, and my colleagues. In a perfect world, I don't think it's anyone else's business, but I do think there is value in standing up and being counted. I’m not an activist, but I am a human being and I don't give that up by being a journalist.
Since my early days as a reporter, I have worked hard to accurately and fairly portray gay and lesbian people in the media - and to fairly and accurately portray those who for whatever reason disapprove of them. It is not part of my job to push an agenda, but rather to be relentlessly honest in everything I see, say and do. I’ve never wanted to be any kind of reporter other than a good one, and I do not desire to promote any cause other than the truth.
Being a journalist, traveling to remote places, trying to understand people from all walks of life, telling their stories, has been the greatest joy of my professional career, and I hope to continue doing it for a long time to come. But while I feel very blessed to have had so many opportunities as a journalist, I am also blessed far beyond having a great career.
I love, and I am loved.
In my opinion, the ability to love another person is one of God’s greatest gifts, and I thank God every day for enabling me to give and share love with the people in my life. I appreciate your asking me to weigh in on this, and I would be happy for you to share my thoughts with your readers. I still consider myself a reserved person and I hope this doesn’t mean an end to a small amount of personal space. But I do think visibility is important, more important than preserving my reporter’s shield of privacy.


This story keeps getting more and more interesting..... Nothing seems to suprise anyone these days.... The levekl of corruption is so shameful and the whole cycle is is now in  billions, no longer in millions and it has graduated to longer naira! As it now seems, the fuel subsidy report is slowly been swept aside.
Enter the main acts of the drama: (Honourable) Farouk Lawan and Femi Otedola, the MD/CEO Zenon Oil and Gas over the alleged payment of $620,000 out of the $3million bribe demanded.

The Chairman, House of Representatives’ ad hoc committee on Fuel Subsidy, Farouk Lawan, is alleged to have collected $620,000 as part payment for a $3million bribe, which he demanded from billionaire and oil magnate, in a bid to exonerate his companies from the fuel subsidy probe.
The audio conversation exclusively obtained by Channels Television, started with the MD/CEO Zenon Oil and Gas, Femi Otedola saying he does not want to take the money to his house. “I don’t want to take it to my house; it is a lot of money” he said.
Then the lawmaker replied that he is on his way to the airport now and that by the time he returns, he will have to head to the chambers of the House of Representatives.
Mr Otedola then asked, if they can reschedule the transaction, but the Honorable Farouk disagreed and offered to bring in a third person to collect the bribe.
The lawmaker gave the phone numbers 08036513355, naming the person as TJ. (Who is TJ? that is obviously another mysterious hand in the transaction...chances are, he could have been one of Lawan's aide)

Acknowledging the transaction, Mr Farouk responded affirmatively to Otedola’s remark that if he receives the initial payment, then there will be a balance of $2.5million, saying “that’s right” while he said, he will be calling the third person to ensure the collection of the initial payment.

Below is the dangerous conversation words...
Otedola: How are you sir?  I don’t want to bring it to my house
Lawan: Oh, you would take it to your house
Otedola: No I don’t want to bring it to my house; it is a lot of money
Lawan: err… so where? Because I’m rushing to the… they are at the airport now?
Otedola:   Yes they are in the airport in the aircraft
Lawan: Well I can’t come over now and before they can come over now unless I send somebody to but I can’t because…by the time they come I should be…I have a lot of things to do myself
Otedola: Is there anybody you think I can give it to or maybe I should just postpone my trip to China till tomorrow?
Lawan: No, no it’s ok…I’ll arrange it with someone…let me give you his number 080
Otedola: hold on hold on
Lawan: 08036513355
Otedola: (Repeats number after him)What’s the name?
Lawan: TJ
Otedola: Sorry?
Lawan: aaarrh… TJ
Otedola: Ateezay?
Lawan: TJ!
Otedola: Teezay?
Lawan: No, Tj
Otedola: OK. So I will give him the balance; that is erm… 2.5 million dollars, yea?
Lawan: that’s right. Hold on. I’m calling him to be sure his phone is on…..

The Chairman, House of Representatives’ Ad Hoc Committee on Fuel Subsidy probe, while presenting the 210-paged Fuel Subsidy report to a plenary session of the House of Representatives, on the 21st of April, moved a motion of recommedation that Otedola's 2 companies involved in this scandal be removed from the list for receiving forex from the Central Bank of Nigeria but failed to bring in the fuel.


Who will believe that NYSC is still posting corp members to troubled states like Yobe, Kaduna, Kano, Sokoto, Borno and Bauchi states? Let's not pretend we do not know the security conditions of these states. How many top officials will send thier children to those states? NYSC should not put more people's lives at risk..... I don't think it is a fair deal because what safety guaranty is in place? When leaders are not willing to sacrifice their lives, why should young Nigerians with dreams and aspirations be sent to these states especially now? This is obviously not the right time to do that.
How many security operatives can protect themselves and their families...before they can protect others? The blood shed is already alarming and pretending nothing happens in this states is just false. To just wish them well and send them there is not going to be enough.....
The corps members, who expressed sadness as they received their call-up letters for the Batch B NYSC   service year, said they were confused as they did not know what to do due to the spate of bombings and other forms of insecurity in these states.

But speaking through the Borno State Commissioner for Information, Mr. Inuwa Bwala, in a telephone interview with our correspondent in Abuja on Sunday, the Governor, Alhaji Kashim Shettima, made a case for corps members to be posted to the state.
He argued that the security situation in the state was being exaggerated by detractors to further isolate the state from the rest of the country.
He said, “While it is true that we have security challenges, it is a fact that these challenges are not exclusive to Borno State.
“We don’t have on record any attack on visitors neither do we have any record of attacks on the NYSC camp or corps members posted to and currently serving in Borno State.”

Sunday, July 1, 2012


Can Nigeria’s financial institutions and regulatory bodies learn anything from Barclays’ bank chairman resignation? MARCUS AGIUS says “He is truly sorry” and says ‘the buck stops with me’ following resignation. Barclays releases statement confirming resignation this Monday (2nd July, 2012). The independent enquiry resulted in the Chairman yielding to investors’ request. He has said he is truly sorry for letting customers and investors down.  
Can CBN (Central Bank of Nigeria) take any lesson from this especially with the level of corruption that has eaten deep into our system in Nigeria?
Last week events have dealt a devastating blow to the reputation of the bank.
When it comes to integrity issues, it shows how people can sacrifice their position to move an organisation forward. How people are willing to give up power around here?
Meanwhile, Lord Turner of Ecchinswell, the head of the Financial Services Authority, said “more heads will roll” at badly behaving banks.

 In his statement,Marcus Mr Agius said: he was "truly sorry" and that "the buck stops with me".
Last week Barclays was fined £290m ($450m) for attempting to manipulate the Libor inter-bank lending rate.
Yesterday it emerged that Barclays stepped up its efforts to rig interest rates after Bob Diamond, its chief executive, personally spoke to the deputy governor of the Bank of England. Bob Diamond had a conversation with Paul Tucker about how much Barclays was claiming it had to pay to borrow money during the financial crisis in 2008. After Mr Diamond spoke to Mr Tucker, Barclays staff came to believe the Bank of England wanted them to falsify this data — which was used to calculate Libor, the interest rate that banks pay to each other.
The bank’s traders then escalated their secret attempts to manipulate the markets and make it appear that the bank was paying less to borrow money than was actually the case, documents show. Sources at both banks said this was the result of a “misunderstanding” and insisted that Mr Tucker had not sanctioned Barclays’ actions.
At the time, the Bank of England was keen to see a lower Libor rate, as that would have been a positive sign in the depths of the credit crunch.
The disclosure increases the pressure on Mr Diamond, who has now been put at the heart of discussions about the fixing of Libor.
When he gives evidence to MPs this week the bank chief will also have to explain why his employees were left with the understanding they had the Bank of England’s blessing.
As the board of Barclays called an emergency meeting last night, there were calls for a criminal inquiry into the bank by Vince Cable, the Business Secretary, and Lord Blair of Boughton, the former Metropolitan Police commissioner.
Mr Diamond is also facing calls to step down over his failure to spot the scandal, which may have caused banks to charge mortgage holders, credit card users and businesses too much for billions of pounds in loans.
Barclays was last week fined £290 million for its role in the affair. Other high street banks are expected to face heavy penalties for similar wrongdoing.
Bob Diamond had a conversation with Paul Tucker about how much Barclays was claiming it had to pay to borrow money during the financial crisis in 2008.
After Mr Diamond spoke to Mr Tucker, Barclays staff came to believe the Bank of England wanted them to falsify this data — which was used to calculate Libor, the interest rate that banks pay to each other.
The bank’s traders then escalated their secret attempts to manipulate the markets and make it appear that the bank was paying less to borrow money than was actually the case, documents show.
Mr Diamond is likely to face calls to issue a full apology when he is questioned by the Treasury committee on Wednesday. Sources confirmed he would be asked exactly what he talked about with Mr Tucker, the second most senior figure in the Bank of England, during the crucial phone call about Libor in October 2008.
MPs will be especially keen to know how a confused message was passed on to Barclays traders, who ended up “escalating” the rate-rigging scandal soon afterwards.
Although the bank chief may have to give evidence under oath, he is expected to stonewall many questions for legal reasons. John Mann, an MP on the Treasury committee, said Mr Diamond would face tough questions about the conversation.
“I’m certain that issue will come up,” he said. “We will certainly want answers as to if Bob Diamond has been hands-on and it will be surprising if he wasn’t. We want to know exactly what he was doing.”
Both Barclays and the Bank admit that a conversation took place about Libor but deny there was any instruction to lower the rate. They claim that traders misunderstood directions from their superiors about how they should deal with Libor.
The Financial Services Authority accepted the explanation that instructions from the bank’s executives were misinterpreted by more junior employees.
“No instruction for Barclays to lower its Libor submissions was given during this telephone conversation,” the FSA said.
“However, as the substance of the telephone conversation was relayed down the chain of command at Barclays, a misunderstanding or miscommunication occurred. This meant that Barclays’ submitters believed mistakenly that they were operating under an instruction from the Bank of England as conveyed by senior management to reduce Barclays’ Libor submissions.”
US regulators believe that a member of Barclays’ senior management team was responsible for the message that the bank’s data needed to be lower.
One trader emailed his boss at the time to say: “Following on from my conversation with you I will reluctantly, gradually and artificially get my Libors in line with the rest of the contributors as requested. I disagree with this approach as you are well aware. I will be contributing rates which are nowhere near the clearing rates for unsecured cash and therefore will not be posting honest prices.”
At the time of Mr Diamond’s conversation with Mr Tucker, the Bank of England was keen to see Libor reduced, as a higher rate was a sign that the credit crunch was strangling lending between the banks.
However, the Bank of England last night insisted it was “nonsense” to suggest that it was aware of any impropriety in the setting of Libor.
A spokesman added: “If we had been aware of attempts to manipulate Libor we would have treated them very seriously.”
Several other companies are also expected to settle with the regulators, after George Osborne, the Chancellor, disclosed that the Royal Bank of Scotland was among the dozen banks or so under investigation.
It emerged over the weekend that RBS has sacked up to 10 traders in connection with Libor fixing.

Bob Diamond (Chief Executive of Barclays) is expected to receive £20 million if he resigns from Barclays following pressure on Him to resign.

Despite having overseen Barclays’ investment banking arm, which manipulated the world’s benchmark borrowing rate, Mr Diamond would be entitled to 12 months salary (£1.35 million), pension contributions and other benefits worth £2.5 million should he step down.
On top of this, the Barclays boss owns 13.2 million shares in the bank that have been granted to him during his 15 years of service. At Thursday's closing price this holding would be worth nearly £22 million.
The political and public outcry following Barclays’ admission that it manipulated Libor continued to build as the scale of the bank’s attempted rigging of the market became clear.
Vince Cable, the Business Secretary, said Mr Diamond had “a lot of questions to answer” and warned that the Government could order his removal if he was found to have had a personal role in the scandal.
“There are last resort powers of director disqualification, “ he said, but added: “I think it is premature to decide what exactly should happen to Mr Diamond, whether it is in respect of his pay or tenure or any other aspect.”
This year, the chief executive received a total pay package worth more than £17 million, which caused upset within the bank as some directors were reported to have felt that his performance did not justify the payment of any bonus.
It led to a shareholder rebellion at the bank’s annual meeting in April, with nearly a third of investors refusing to back the pay plans.
This week, Barclays has been holding meetings with investors to discuss the Libor scandal, with some major shareholders already favouring ousting the American banker despite his offer to waive his bonus for this year.
Banking industry veterans also think that Mr Diamond should consider his position. One senior banker speaking on condition of anonymity yesterday said he felt the scandal should lead to the departure of executives.
“I am amazed there haven’t been any resignations yet. Just giving up his bonus is not enough given the scale of this,” he said.
Chris Lucas, Barclays’ finance director, has also said he will not take a bonus in an effort to placate public and political anger. Jerry del Missier, the bank’s chief operating officer, and Rich Ricci, head of investment banking, have also given up their bonuses.
Mr Diamond’s time at Barclays has often been marked by controversy, with Lord Mandelson, the former business secretary, once referring to him as the “unacceptable face of banking” because of the size of his bonus.
Speaking to the Treasury select committee earlier this year, Mr Diamond said the time for contrition by banks was over, a remark that has come back to haunt him after he was forced to apologise over this latest scandal.