₦airaland Forum

If you believe this rubbish, then you sure can believe anything

FCMB on the beat

FCMB alert received

FCMB has done the business, albeit without alert. Deductions sacrosanct.

The Federal Executive Council (FEC) has approved a bill extending the retirement age for teachers in the country from 60 years to 65 years.

The FEC, during its first meeting of the year 2021, presided over by President Muhammadu Buhari, on Wednesday, approved the bill; Harmonized Retirement Age for Teachers Bill, 2021, to be sent to the National Assembly for its consideration and possible approval.

The bill also seeks to give legal backing to new measures by the current administration to enhance the teaching profession in the country.
If approved by the lawmakers, the retirement age of teachers will move from 60 years to 65 while the years of service will also move from 35 to 40.
Minister of Education, Adamu Adamu, who disclosed this to correspondents at the end of the council meeting, said some highlights of the bill include the introduction of bursary award, special rural posting allowances and other measures to attract the best brains to the profession.

https://www.google.com/amp/s/thenationonlineng.net/breaking-fec-approves-new-retirement-age-for-teachers/amp/

[quote author=emekatex post=98022554][/quote]Many thanks man.
Can you please elucidate further on the actual intent of the form.

Those in Ahoada East please confirm.
What's this news about submitting 4passports with #600 for housing and mortgage?

RIVERS STATE GOVERNMENT OF NIGERIA

MINISTRY OF EDUCATION

Press Release

The Ministry of Education wishes to announce that, with the approval of His Excellency Governor Nyesom Wike, the school calendar published in August, 2020 stands. Accordingly, both public and private schools in the State are hereby reminded that schools will resume on 4th January, 2021 for normal academic activities.

Schools are to maintain all COVID-19 Protocols, including the wearing of face masks, use of hand sanitizers and staggered classes/ morning and afternoon sessions in order to avoid overcrowding.

The Ministry wishes all pupils, students, parents and guardians the very best of the year.

SIGNED:

Sir Chidi Adiele
Permanent Secretary
Ministry of Education

Any news about MBA Forex?

WITH revenues drying up and debts mounting, the Federal Government has resorted to scavenging in order to meet its obligations.
Similarly, states are scampering in every direction to shore up their revenues to meet rising expenses. According to the budget implementation report for the second quarter of 2020 released by Budget Office of the Federation (BoF), total public debt stock as of June 30 stood at US$85.896 million (N 31.0 trillion), an increase of N3.681 trillion or 14.76 per cent when compared to the US$79,303.31 million (N28.628trillion) reported at the end of March 2020. During the same period, total revenue received by the Federal Government stood at N1.650 trillion while it spent N1.105 trillion on debt service.

Similarly, Mr Timipre Sylva, Minister of State for Petroleum Resources, said on Monday that the Federal Government’s earnings from oil and non-oil sectors as well revenue receipts had declined by 60 per cent. Consequently, the Director-General of BoF, Mr Ben Akabueze, disclosed last week that 428 ministries, departments and agencies would not be able to pay November salaries to their staffers.
As a result, government has resorted to scraping every surface so as to be able to meet its financial obligations. For instance, in the 2020 Finance Bill to be soon submitted to the National Assembly, government is proposing to sweep unclaimed dividend that had been idle over the years in the accounts of quoted companies. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said FG would sweep unclaimed dividend amounting to N158.44 billion.

In addition, government will also seize available funds in the 45.57 million dormant bank accounts in commercial banks. It will then create an “unclaimed dividend and unutilised bank balance trust fund” where dividends declared and unclaimed will be held and used for the funding of infrastructure projects. President Muhammadu Buhari has equally given a six-month deadline for the disposal of all forfeited assets.

While inaugurating the 22-man panel saddled with the responsibility early this month, Attorney General and Minister of Justice, Abubakar Malami SAN, said its mandate was to ensure expedient disposal of all FGN forfeited assets and generate revenue for the Federal Government.

Just a few months ago, a desperate Federal Government had deployed revenue directors to 10 most important government-owned enterprises, which include Nigerian Ports Authority (NPA), Nigerian Communications Commission (NCC), Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety Agency, (NIMASA).
Others are the Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), Department of Petroleum Resource (DPR), Nigerian Shippers’ Council (NSC) and Federal Airport Authority of Nigeria (FAAN). Although approval for the scheme had been given since October 2018, there was no desperation for implementation until a few months ago when the reality of acute paucity of funds dawned on government.

Meanwhile, with an increase of 158 per cent in total debt stock since 2015, there is a further projection of a further increase to N38.6 trillion by the end of 2021. In the 2021 budget presented to the National Assembly in October, President Buhari proposed N13.08 trillion expenditure, while putting total revenue available for the budget at N7.886 trillion. “It is projected, based on existing approval, to rise to N32.51tn by December 31, 2020 and N38.68tn by December 31, 2021”
Ahmed told a committee of the National Assembly a couple of weeks ago. As it is with the central government so it is with many of the state governments as 10 of them have yet to start implementing the new minimum wage signed into law by President Muhammadu Buhari in April last year.

Findings from the Nigerian Tribune show that with the recent announcement from Osun State Government of the commencement of the new minimum wage, 26 states have so far implemented the N30,000 minimum wage. The 10 states that have yet to key into the implementation of the new wage include Adamawa, Akwa-Ibom, Anambra, Benue, Ekiti, Kogi, Plateau, Imo, Nasarawa and Taraba. “Available records show that with Osun’s recent announcement, 26 states have so far implemented the new N30,000 minimum wage, with 10 states yet to implement” an impeccable Labour source told Nigerian Tribune.
However, the Federal Capital Territory (FCT), Oyo State, and Kebbi State are still implementing the new minimum wage partially. Nigerian Tribune findings revealed that dwindling allocations from the Federation Account Allocation Committee (FAAC) and unimpressive internally generated revenue have hamstrung states that have yet to start implementing the new minimum wage.
Even those that have started the implementation have had to sacrifice infrastructure development for paying the enhanced salary scheme. Recall that the COVID-19 pandemic precipitated a crash of the oil price and occasioned the lockdown of the economy for over three months. The two incidents shrank revenue accruing to states with many of them having to tweak their budgets. In addition to that, the states have had to make allowances for unplanned expenses to combat the pandemic and provide palliatives for the people. They have also had to announce tax relief for businesses operating within their domain, which has further depleted their revenue.
In his reaction to the financial crisis governments at both the federal and state levels are encountering, Professor of Political Economy and management expert, Pat Utomi, said though he didn’t have all the parameters to conclude that the federal government ‘is broke,’ emerging trends suggested that the cost of running government was too high.

Utomi, who spoke with the Nigerian Tribune in a telephone interview, said the federal government is handicapped partly because a lot of money goes into the maintenance of the presidential fleet, protocol and running of the National Assembly and because recurrent expenditure is high, MDAs are getting desperate to raise more tax revenues. “As a result of this, the tail is wagging the dog.

At a DFID (Department for International Development) presentation, I once suggested that since there are too many people doing nothing other than carrying files in government agencies, there is need to re-train and deploy them to some local government areas where their services are mostly needed. Or they can be trained on entrepreneurship and empower them to be more productive in the economy,” the political economist suggested.
He also believes that Nigeria can reduce the cost of running the National Assembly and save a lot of money by adopting part time legislature.
Speaking to CNBC Africa during the station’s Power Lunch West Africa programme, Bismarck Rewane, Chief Executive Officer of Financial Derivatives Ltd, explained that Nigeria is broke and that the situation has left the country in a rather precarious financial position as far as dealing with the looming recession is concerned.
In an interview with Nigerian Tribune, Mustafa Chike Obi, the Executive Vice Chairman of Alpha African Advisory Limited, a Financial Advisory and Fund Raising firm, said “I will just say that Nigeria as a country is living way beyond its means. All of us have sacrifices to make if we want to reach the goal of economically viable country. We are consuming the assets of future generation. That is what we are consuming today.”

Also, speaking in the same vein, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, noted that “revenue is very key and very central to the budget. If you look at the last three years there has been large variances, large negative finances in the revenue targets and it is not likely that what we will have in the 2021 budget will significantly be different. “So, the revenue will continue to be an issue if we continue to have the economy the way it is and for as long as the private sector continues to struggle with all the challenges in the business environment,” he said.

https://tribuneonlineng.com/broke-fg-state-govts-scavenge-for-survival/amp/

Does the pronouncement by the President cover teachers on the payroll of the States, or it's just for those on the federal government's?

temple4real:
Neco Time table

Many thanks

Anyone with a certified copy of the NECO time table here?
Kindly share please.

BREAKING NEWS

The Rivers State government has approved the reopening of all secondary schools, vocational and tertiary institutions in the state on the 5th of October, 2020.

Abuchi17:
Every account holder pays a one time maintenance fee of $50 me too I paid on my two accounts, it's normal, if you don't pay within the 48hours your account will be suspended not wiped out, you may not be able to receive returns and make withdrawal, now on the withdrawal of only $30 every account has a withdrawal limit considering the size of your account and due to frequent withdrawal that's why every account is regulated to withdraw every 4days at most. Always read your notice on your dashboard, since Monday the went into maintenance to restore the automated withdrawal system which will be effective from this Friday so tell your friend to try logging in by Friday, the account may have all been restored but the truth is, the maintenance fee must be paid if not you will just be viewing the account and no progress will be made in terms of returns. Read the FAQ section for clarity on this. Pennywise will never alter an invested amount that is why they will not take it from your money already with them. Join forums on pennywise on Facebook to be properly informed. Hope it helps

This will sure help. Many thanks.

Abuchi17:
Dear colleagues, just yesterday I was inquiring about a new loan company in town I stumbled upon and behold before 3pm I was credited with 240k I applied for, I was skeptical initially but it turned out to be a wonderful experience, there attention and response was great. I have already invested my sum for convieneint repayment for 9 months.
Am only writing for those who may have need for the loan can make further inquiries with them by contacting them on
www.nextpayday.ng and WhatsApp us on 08095000667.
Pls if you are not interested kindly move forward and don't lambast me, am only sharing for those in need of it.
For those who like investment,well I invested mine with pennywise investment management, if you may want to do that you can contact me on 09033705225 for guidance. Remember for a better tomorrow depends on our good today is, as civil servants we have a time frame. God bless

PLEASE CORRECT ME IF I'M WRONG
A friend invested $221(about #100,000) in Pennywise Investment Management some time last month. On daily basis she watched her ROI grow till it got to $150. She requested to cash out some money into her wallet but was told she can only withdraw $30 at a time, and this would take four(4) days to reflect in her wallet.

To cut the long story short, three (3) days ago, she received a mail from Pennywise requesting for a maintenance fee of $50 to be paid within 48hours or risk being blocked.

While still in bewilderment as to why Pennywise as it were, would not just deduct the said maintenance fee from her accruables, just yesterday, her account was blocked, and now as I type, she can no longer access the site. Her capital gone, ROI gone.

Could you please confirm this modus operandi?

The honourable commissioner of education just announced on radio that he will be advising the executive governor tomorrow (Wednesday) on the possible date for resumption with reference to the level of preparedness of schools in terms of their adherence to the novel corona virus etiquette.

Consequent on this, students and teachers are advised to remain at home and wait for further instructions.

For those interested in obtaining loan from Zedvance, kindly call this number and speak directly with a staff.
0903 846 2017.

Remember to thank me later.

gold360:
How true?

I saw the news on Channels TV. It's very true.
From the news the examining bodies will be meeting today for harmonization of exam date.

NothingLikeLove:
If you know how Forex works you'll know 15% is not high yielding. This people trade Forex. Banks also trade Forex. They are making huge money from people's investment, 15% is only a paltry sum. They give you 15% and take 85%.

Infact even more than 85% because in just a day they can make 100% from your investment after trading, not to talk of a full month of 30 days. If they really mean business, this huge money they are making will suffice in case of downtime and will still not be at a loss.

Probably that's what has been sustaining them since 2017 they came into existence.

You are very correct. 15% is highly infinitesimal when compared to the ROI in 30days.

joyblinks:
@CaringPro and Co.

U guys should stop the marketing already na. @least with loan I don't need to bring anybody to get to any level. U that's earning N500,000 Pls continue earning. And us that we are asking for Loan, it doesn't mean we don't have side hussle... We may just need some serious bulk amount to do something serious at the moment

I wish Us all Luck in whatever we do.

You have spoken well. They should continue making their millions and leave this space alone.

The RSSSB chairperson is dead according to reports, and no one gave it a mention here.

My prayer is with the family for the fortitude to bear the loss.

You can never know the feeling until you lose someone very dear to you.

May her soul rest in peace.

FCMB just popped

Honourable colleagues, can anyone confirm the release of a revised WAEC timetable?

joyblinks:
This question is to those that have accessed Loan from FCMB.

Please how did U sign Ur application form? Am asking because the account officer processing mine said I must pay 10k for him to go sign the form at school's board and am not too comfortable with it.

Biko did anybody pay any money for signing??

Why not contact the Zedvance people and save yourself the stress

Any news about resumption for third term?

FCMB says Hi

The State Governor has asked that all markets in the state no matter how small, be put on lockdown indefinitely with effect from tomorrow Saturday 28th March 2020.

Remember, salary alerts have yet to be received by workers in the state even as I write. Even if the alerts drop later today, how much time does the civil servants have to stockpile food in compliance with the stay at home directive?

I really don't know how else to define insensitivity!

Honourable Colleagues, I heard from the grave vine that teachers are supposed to be given #5,000 as transport by their Principals from the empress received from the State Government.

Could someone please confirm the veracity of this report.

Abuchi17:
i have recieved fcmb tai lga ube

Have yet to receive mine till now

I'm I the only one that Access/Diamond Bank refused to pay yesterday? Have checked my account balance this morning, yet no sign of credit in it.

BREAKING NEWS!
PDP break another record in Nigeria history

Akwa Ibom State Governor, Mr. Udom Emmanuel have effected the payment of 30,000 minimum wage to Civil Servants in the State.


The 30,000 minimum wage implementation is confirmed by some Civil servants in the state who have received salary payment alerts ahead of Workers Day.

First governor to do so...