Are “Ways and Means” Loans?

There have been several arguments as to whether ways and means should be described as loan or something else. Many have contended that it should not be considered as part of Nigeria’s loan profile.

But, let us examine the meaning of loan? Investopedia, a business and investment dictionary, defines a loan as “a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount.”

Hence, ways and means are clearly loans that should be repaid. In fact, Section 38 (2) says “all advances made pursuant to this section shall be repaid as soon as possible…” The section also says that it should be repaid with interest.

However, outgone President Buhari smartly got the approval of the Senate and securitised the ways and means. These loans will thus be converted into long-term bonds and be sold to the investors, including you. How smart can that be?

Implications

There are several implications of this. First, it is a violation of the Nigerian laws, which must not be condoned. It means the Federal Government or any president in power can violate the laws and get away with it.

Two, ways and means increases inflation by raising liquidity in money or capital market. Money market is a market where short-term instruments are traded. Examples of such instruments are treasury bills and mutual funds. On the other hand, the capital market is a market dealing with long-term instruments such as bonds. It also means a market where bonds and stocks are traded.

By securitising ways and means, rather than pay back to the CBN, the Federal Government simply puts too much money in the money or capital market. For instance, when you advertise a bond of N11 trillion value, investors will trade them -pay for them. This naturally increases liquidity in the economy.

It makes more money available in the economy, thereby fuelling inflation. The World Bank has also accentuated this position, stressing that “between 2020 and 2021, inflation left about eight million more Nigerians below the poverty line by increasing the total number of poor people to about 90 million.”

In other words, the CBN is part of the party that has worsened inflation in Nigeria in the last six years. The ordinary man in the street feels the pains of rising inflation rates in the form of high cost of living.

More so, it increases Nigeria’s debt servicing burden because each loan taken must be repaid with interest – however low. This leaves little resources for infrastructure and development programmes that will benefit the common man.

Also, it leaves Nigeria with little capacity to innovate. If the president can easily run to the CBN for loans without repaying, the capacity to leverage revenue avenues will reduce. This makes it hard for any government in power to fund programmes that can improve livelihoods.

So, what should the new sheriff in town, President Bola Tinubu, do with ways and means? Simple, devise more proactive ways of raising revenue and give the CBN some space.

A Senior Political Analyst, Aliyu Abubakar, on Monday, said he has uncovered a list of notable Nigerians that the President-elect, Asiwaju Bola Tinubu, has pencilled down to serve in different capacities after his inauguration on May 29, 2023.

The list he said comprised experts and professionals from different walks of life who will help him revamp the economy and bring cash on board.

According to him, the experts were chosen based on their pedigree and qualifications, not political affiliations, adding that while some of them were tested before in revamping the economy, others are equally new to most Nigerians but are think tanks.

He said it is expected that the professionals will assist the new President and his team in driving an economically robust administration that will meet the yearnings and expectations of Nigerians within the first year in office.

He listed the Tinubu’s list includes Sanusi Lamido Sanusi, Abayomi A. Adebayo, Nuhu Ribadu, Bismarck Rewane, Kingsley Moghalu, Ali Pate, Nasiru El Rufai, Stephen Oronsaye, Obi Ezekwesili, Abdulrasheed Maina, Abike Dabiri Erewa, Shamsudeen Usman, Tony Elumelu, Rtd Major Hamza Almustapha, Pat Utomi, Ikechukwu Dozie, Natasha Akopti, Ummu Ahmed Jalingo, Rislanudeen Mohammed, Mohammed Kyari Dikwa, Wale Edun, and Dele Alake.

“As a hands-on member of Tinubu’s team, Dr Usman is expected to bring his wealth of experience in economic policy formulation, implementation, and monitoring to bear in driving economic growth and development in Nigeria.

“He will work with other members of the team, especially those with expertise in finance, investment, and economic development, to develop and implement policies and programs aimed at creating an enabling environment for businesses to thrive, attracting foreign investment, and creating jobs for Nigerians,” he said.

Aliyu further said, “Tinubu’s list comprises several other experts in various fields who can help Nigeria grow its economy and critical infrastructure. For instance, Sanusi Lamido Sanusi, a former Governor of the Central Bank of Nigeria, is expected to serve as a Strategist even while retaining his Traditional duties. Sanusi is renowned for his expertise in financial management and is expected to help the new administration manage the country’s finances better.

“Abayomi A. Adebayo, a professor of Economics, is expected to work hands-on to drive the new administration’s economic policies.

“One of the notable personalities on Tinubu’s list, Dr Abdulrasheed Maina, who is said to be Tinubu’s boy, is expected to help Nigeria recover trillions of Naira and Huge Dollars, either moved and hidden in vaults across the globe or in international Banks and other financial institutions.

“He is said to have the technical expertise to find stolen assets from home and abroad. Dr. Maina is an expert in that field, having served as the Chairman of the Presidential Task Force on Pension Reform from 2010 to 2013.

“During his tenure, he recovered over N1.6tr naira from looters, pension and employee payroll fraudsters. In 2017, He worked tirelessly, and in three months, recovered over N1.3Tr and was promised 5% but that money was never paid to him, an issue that made those in the power block slam him with cooked-up accusations and put him in jail to avoid being exposed.

“One of such accusations was the N2 billion allocated to the Office Of the Head of Service of the Federation to conduct the worldwide biometric enrollment of Pensioners. Regarded as one of the most successful and yet budget-trimmed exercises.

“The then Head of Service (Stephen Oronsaye) exonerated Maina and claimed that the Funds were released to his office and not the pension reform task team. Maina escaped five different assassination attempts on his life and that of his family.

“The last of which was when his vehicle was sprayed with 57 bullets from persons in military and DSS uniforms.

“Dr Maina’s expertise in asset recovery and his proven track record of recovering stolen funds makes him an important and valuable addition to Tinubu’s team.

“The fact is that Nigeria faces significant economic challenges, so, it is essential to have someone to be given the free hand devoid of sentiment and the usual media trial, or persecution as is the case with Maina now, to produce results.

“We are sure the new president will provide the essential state backing to get results and stop the retinue if borrowing from China etc.

“The recovery of stolen assets can significantly boost the country’s economy, and Dr Maina’s appointment can help achieve this goal.”

Continuing, he said, “Bismarck Rewane, a renowned economist and financial analyst, is expected to provide insights into the country’s economic policies. Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria, is also expected to provide valuable insights into the country’s economic and infrastructural policies.

“Nuhu Ribadu (DIG retd) a former Chairman of the Economic and Financial Crimes Commission (EFCC), is another notable personality on Tinubu’s list. Ribadu’s expertise in fighting corruption head-on, is expected to be of immense value to the new administration.

“Other notable personalities on Tinubu’s list include Dr Shamsudeen Usman, a seasoned economist who has served in several high-profile positions in the Nigerian public sector, including Minister of National Planning, Minister of Finance, and Managing Director of the Nigerian Security Printing and Minting Company.

“He holds a Ph.D. in economics from McGill University in Canada and has taught at several universities in Nigeria and Canada.

“The appointment of Dr. Abdulrasheed Maina, along with other distinguished Nigerians, is an indication that the incoming administration is poised to tackle the critical challenges facing the country, especially in the areas of security, economy, and critical infrastructure.

“The team is expected to hit the ground running immediately after the inauguration and work tirelessly to ensure that the government delivers on its promises to Nigerians.

“In conclusion, the selection of these notable Nigerians by Bola Ahmed Tinubu to serve in different capacities after his inauguration on May 29th, 2023, shows a commitment to building a strong and prosperous Nigeria. Each of them brings their expertise and experience to the table, and together, they can work towards revamping the economy and critical infrastructure of the country,” Abubakar said.

He noted that while there may be concerns about some of the appointees, “the hope is that they all have shown capacity in their various areas of specialisation, and will live up to the expectations placed on them and work towards making a positive impact in their respective roles.

“Only time will tell if this new administration will succeed in bringing about the change that Nigerians so desperately need.”



https://www.vanguardngr.com/2023/05/tinubus-appointees-ll-help-nigeria-recover-stolen-assets-aliyu-abubakar/

‘How can we have long life in Lagos,’ actress Jumoke Odetola groans over traffic

Nollywood actress, Jumoke Odetola has expressed grief over the incessant traffic gridlock in Lagos state.

Odetola, in a post on her Instagram page, shared how she spent 10hrs moving from Ajah to Magodo on Friday.

The actress wrote, “SHEGE vs SHEGE BANZA

“Yesterday, I saw shege ,shege saw me. Today again, the shege continues, shege is looking at me and smiling. In fact, shege is romancing me 😫

“How can somebody have long life and prosperity in this Lagos, with this crazy traffic? Yesterday, I finished work at 4pm, I didn’t get home until 2am (Ajah-Magodo)…10hrs! Lagos to Lagos! Time that could have been put into productive work or relaxation.

“This morning again, Lagos- Ibadan expressway is marking the attendance of wickedness, it’s doing competition of na me wicked pas


“Woos, e be like say na to dey sleep for house sure pass. Independent woman in the mud, I no do again.”



https://www.vanguardngr.com/2023/04/how-can-we-have-long-life-in-lagos-actress-jumoke-odetola-groans-over-traffic/

BREAKING: CBN directs banks to collect old N500, N1,000 notes

The Central Bank of Nigeria (CBN) has directed banks to collect the old N500 and N1,000 notes from members of the public.

It, however, pegged the maximum amount the banks can collect at N500,000.

Osita Nwanisobi, director of the apex bank’s corporate communications, confirmed the development to TheCable on Friday, saying “It’s just for amounts N500,000 and below.”

More to follow

https://www.thecable.ng/breaking-cbn-directs-banks-to-collect-old-n500-n1000-notes/amp

Tunde Bakare: ‘Emi lo kan’ politics breeds dictatorship | good politicians don’t avoid debates.

Tunde Bakare, the serving overseer of the Citadel Global Community Church, says politicians who practise the “emi lo kan” kind of politics do not intend to serve the people.

Bakare spoke on Sunday during a state of the nation broadcast delivered at his church auditorium in Ikeja, Lagos.

The broadcast was titled: ‘Bridging The Gap Between Politics & Governance’.

Speaking on the forthcoming polls, Bakare asked Nigerians to shun vote buying and focus on politics that can spur the development of the nation.

Highlighting bad forms of politics, the cleric mentioned politics of division, deception, manipulation, merchandise, exploitation, betrayal, slander, intimidation, elimination, and entitlement.

Commenting on the politics of entitlement, Bakare said such form of politics is also known as the “emi lo kan” politics, which gratifies personal ambitions.

Although the cleric did not mention Bola Tinubu, presidential candidate of the All Progressives Congress (APC), the catchphrase — emi lo kan — was popularised by the former Lagos governor.

“Emi lo kan” is a Yoruba phrase which loosely translates to “it is my turn”.

In June 2022, Tinubu, while addressing APC delegates in Ogun state prior to the party’s primary, mentioned the phrase and said it is his turn to become the country’s president.

“Politics of entitlement — this is the ’emi lo kan’ type of politics that insists on one’s turn, even if circumstances do not align,” Bakare said.

“Politics of entitlement also manifests as perennial candidacy, not with the intent to serve, but to gratify long personal ambitions.

“It could also manifest as insistence on a given political office as a reward for what one considers a lifetime of sacrifice to the nation.

“Politicians with a sense of entitlement evade political debates and do not consider it imperative to communicate with the electorate.

“Entitlement politics will breed an imperial presidency that is distant from the people and has no sense of responsibility or accountability to the people. Such imperial governance will slide towards dictatorship and will be intolerant of dissent.

“Entitlement politicians set low performance benchmarks for themselves when they secure power and are content with projecting molehills as mountains of achievement. That is bad politics and bad fruit and all that it is.”

Speaking further, the cleric said politicians who practise good form of politics communicate with the people and do not avoid debates or delegate their questions to others.

“Good politics — it is communicating. Politicians who practise good politics talk to the people they intend to govern,” he said.

“By communicating, they allay fears, restore hope and assure the citizenry.

“It is engaging and interacting — practitioners of good politics are open to interrogation and they do not avoid debate or evade difficult questions. They don’t even delegate their questions to people to answer for them.”

In December 2022, Tinubu, at the Chatham House in the United Kingdom, asked some persons on his team, including Femi Gbajabiamila, speaker of the house of representatives, and Nasir el-Rufai, governor of Kaduna, to answer questions on his behalf.

Tinubu’s action elicited reactions on social media as some Nigerians questioned his decision to not answer all the questions himself.

In June 2022, Bakare and other presidential aspirants such as Rochas Okorocha, Ikeobasi Mokelu, and Tein Jack-Rich, had zero votes at the APC presidential primary, which was won by Tinubu.


https://www.thecable.ng/tunde-bakare-emi-lo-kan-politics-breeds-dictatorship-good-politicians-dont-avoid-debates/amp

Yusuf Baba-Ahmed, the vice-presidential candidate of the Labour Party (LP), says security agencies deployed to the Lekki tollgate during the October 2020 #EndSARS protests should have protected demonstrators.

Baba-Ahmed spoke on Thursday during an interview on Channels Television.

On October 20, 2020, in what appeared to be an attempt to disperse protesters, officers of the Nigerian Army stormed the Lekki tollgate and started shooting.

In November 2021, a judicial panel set up by the Lagos government to probe cases of police brutality — including the Lekki shooting — said protesters were killed at the tollgate in what could be described in the context of a “massacre.

However, the Lagos state government rejected the findings of the judicial panel that protesters were killed at the tollgate.

Speaking further on the #EndSARS protests, Baba-Ahmed dismissed the insinuations that his party is the “direct” beneficiary of the protest owing to the LP’s growing support among youths.

“There was abuse of human rights, procedures and if some people interpret it as massacre, then yes. However, massacre has different technical meanings. I can’t say I know all of it,” he said.

“First of all, no advance notice was given before the attack. The victims must have been attacked in their own areas.

“These are well-meaning Nigerians who brought themselves out in the public area and were attacked by security forces who are meant to be protecting their lives and properties.

“The use of ‘massacre’ is highly debatable, but I can say for sure that there were abuses of procedures and civil rights violations.”

Asked if his administration will allow Nigerians to protest in a civil manner if elected into office, the LP vice-presidential candidate said “absolutely yes”.

“Put this on record. I wouldn’t as a leader invite people to come out to protest but whenever there is a legitimate, good, peaceful rally or demonstration, I will be proud as a leader,” he said.

“I will welcome the fellow citizens, speak with their leaders, bring them out of the streets, go to a roundtable, discuss; we will come out and jointly address the crowd.

“I’m fully in support of people claiming and taking their legitimate rights. I will be in support of it if elected as a leader.

“I assure you that Peter Obi is also like that. He has encouraged us in his team to be like that so long as rules are followed.”


https://www.thecable.ng/lekki-shooting-security-agencies-should-have-protected-protesters-says-datti-baba-ahmed/amp

A social media post claims that masturbation is one of the primary causes of hair loss in men.

The post which was originally posted by a Twitter user, Eric @amerix claimed that frequent ejaculation can be responsible for receding hairlines in men.

“One of the primary causes of hair loss is masturbation. Indiscriminate ejaculation leads to the intentional loss of vital nutrients responsible for hair growth. Every time you meet a man with a receding hairline, remind him about semen retention,” the tweet reads.

The post has gathered over 1, 400 retweets and 8, 800 likes.

On Facebook, the same post was shared several times on different accounts. One of such is Emem Nelson who claimed to be a medical doctor with over 8, 000 followers.

Another user, Jay Ade reposted the claim on Medriod Elite City, a public group on Facebook which has over 9, 000 followers.

Verification

The Merriam-Webster dictionary defined masturbation as the erotic stimulation, especially of one’s own genital organs commonly resulting in orgasm.

According to the definition, masturbation can be achieved by manual or other bodily contacts exclusive of sexual intercourse, by instrumental manipulation, occasionally by sexual fantasies, or by various combinations of these agencies.

The Cable reached out to medical experts to confirm if there is any scientific evidence to back up the claim that masturbation or indiscriminate ejaculation might lead to hair loss.

Best Ordinioha, a professor of public health and community medicine, dismissed the claim, stating that there is no correlation between receding hairline and masturbation.

According to him, the tweeter user probably put out such a post to attract traffic to his page.

“I think he’s just doing scaremongering and this could also lead to stigma to men who are going bald, when people see them, they think that’s what they do,” the professor of medicine said.

“In health sciences, increased testosterone level is responsible for receding hairline, testosterone is the male hormone. However, there is no scientific evidence to back the claim that indiscriminate ejaculation causes baldness.

“Those with higher testosterone levels may have higher sexual drives but this can be modulated and decreased by a lot of factors: stress can make someone impotent, and sex will probably be the last thing on their minds. I think the poster overstretched it.”

POSSIBLE CAUSES OF HAIR LOSS

Francis Agbaraolorunpo, a medical expert at the University of Lagos, said a couple of factors which include, genetics, medical conditions and excessive usage of chemicals can be responsible for hair loss in men, but definitely not masturbation.

“One of the fundamental causes of baldness is genetics, a person is born with the tendency. The other thing is that a person can inherit it from parents,” he said.

“Some persons who have alopecia or debilitating medical conditions such as cancer can also lose their hair. In such situations, a female can as well experience hair loss.

“If you see a man with a receding hairline, most likely, there is that gene in the family line, it could have been an unexpressed gene, but the person could express it when the gene aligns with certain environmental conditions.”

However, the medical expert emphasised that masturbation is more of a psychological issue and has nothing to do with hair loss or the physical appearance of a man.

He further disclosed that inferiority complex might also be one of the causes of masturbation in men, adding that “it could lead to infertility issues”.

“A man who masturbates and loses sperm frequently might suffer low sperm count when meeting with a woman.”

Verdict

The claim that masturbation is one of the primary causes of hair loss in men is false. According to science, masturbation and receding hairline do not have any connection.

This story is published in partnership with Report for the World, a global service program that supports local public interest journalism.



https://www.thecable.ng/fact-check-does-masturbation-cause-hair-loss-in-men/amp

EMPTY CROWNS: How winners of LASU’s beauty pageant are extorted, denied prizes

On a normal day, Omofoma Jane’s radiant smile could melt an iceberg, but on this particular day, the beauty queen was angry! She had bottled up the anger for such a long time. Jane, a 300-level student of English Language at the Lagos State University (LASU), couldn’t hide her pain and disappointment when she narrated her bitter experience with student leaders of the institution. Like her predecessors, she has been cheated and deprived of a worthy crown.

It all started in the second week of March 2022 when the student union announced the sales of forms for the annual pageantry contest – Mr & Miss LASU and Mr & Miss Fresher. Jane, a model, purchased the N15,000 form with excitement, a document that would have cost her just N5,000 only if Towolawi Adebayo, a student leader popularly known as Roman Banks, had been honest.

According to Badmus Uthman, the president of the student union, the cost of obtaining the form was pegged at N5,000, but was inflated to N15,000 by Adebayo.

For Awolesi David, pageantry goes beyond the glitz and glamour of the ceremony; he regards the show of beauty and fashion as his happy place. Like Jane, he happily purchased the form and participated in the highly competitive and costly show where he emerged the winner and was crowned “Mr LASU 2022”. Jane was crowned “Miss LASU 2022”. Their joy knew no bounds.

The organisers had promised winners a cash prize of N150,000 each, ambassadorial deals and sundry items. But none of the prizes was delivered. Jane is hell-bent on getting her prize, but she is constantly being ignored by Adebayo who is the student union’s social director.

“I’m not satisfied with the conduct of the event. In fact, I feel it should be scrapped. There should be nothing like Mr & Miss LASU if the organisers cannot fulfil their end of the contract,” Jane retorted in anger.

“You’re telling me you spent close to N800k to call DJ YK, so you don’t have enough to pay winners. How is that my business? There is something called priority; you set your priorities right. Once the money touches your hand, you bring it out for the most important things. Then you can proceed to the less important ones. Adebayo kept on lying to me that the school hadn’t paid them yet. I had to do some digging to find out that the school had given them money before the event and he was told to put aside our money before doing anything else.”

Jane and David

Jane said she was offered an ambassadorial deal with a modelling agency but couldn’t proceed with the offer because the social director kept mum on the details of the contract. She was also offered a deal with a cryptocurrency brand, which she refused based on her experience working with similar brands in the past.

According to David, he has not got the cash prize of the contest; instead, he was given a demeaning offer.

“I was offered a so-called deal with a commercial bank which I refused to accept because it isn’t an ambassadorial deal in the real sense. I was told by the social director that the bank manager said if I can register a thousand persons, I would get N350 per head. I refused because that means I’d be working as a salesperson for the bank, not an ambassador,” David said.

“I have taken several steps to claim my prizes. I personally called the student union president to complain and his first response was that he had warned the social director to keep the cash prize separately once he received the money for the event. He was even shocked when he learnt that we paid N15,000 for the form.

“He claimed he doesn’t have a hand in the whole situation. The female second runner-up and I went to him to complain on behalf of all the winners. He said we should give him two months, now it’s been more than two months and we’ve not heard a word from him. He no longer replies to my messages even after I said I would report the situation to the senate. I also reported to the president-elect of the school of communication and he told me he would do something about it, but I haven’t heard anything from him.”

David described his feelings as painful as most of the projects he had planned to execute with the money have been set aside. He is worried about the next set of participants in the pageants.

“I am not doing this for myself alone. To the best of my knowledge, it has become a trend for union social directors to tamper with the money meant for winners in pageants. I want it to stop during my time. Even if I don’t get my prize, the people coming next should get theirs without hassle,” David said.

Divine Aduwa, the second runner-up in the female category, who was promised N70,000 and ambassadorial deals, said she was disappointed in the outcome of the event. She described the pageantry as physically, emotionally and financially exhausting.

“It is now like a ritual because it happens every year and people are now getting used to it. They feel like it’s the system and there’s nothing they can do about it,” Divine said.

“You spend lots of sleepless nights preparing unique concepts and at the end of the day, the award promised is not given. It is so annoying and discouraging. The people responsible for this are just irresponsible.”

Olamilekan Hassan, Justina Godwin also won as the runner-ups. Hassan claimed that he cannot remember the prizes allocated to his position and Justina remained unbothered. She said she doesn’t have the zeal to fight the irregularity because she saw it coming.

The winners in the “fresher category” also attested to not receiving their cash prizes from the student union.

Again, Adebayo’s name popped up when Victoria Aigbe, Miss LASU fresher 2022, recounted her experience. Victoria did not get a dime out of the N150,000 she was promised. “A skincare kit and a brand ambassadorship with a food brand were all I got,” she said.

Victoria said she reached out to Adebayo to demand payment, but he said the bank account of the union was faulty. Then, he said there was no money in the account.

Victoria, who is devastated by the turn of event, told TheCable that the “promise and fail” culture by the union is unfair.

“I spent so much money on hair, makeup, traditional outfit, casual wear and dinner wear only to realise that I will not be paid the cash prize. There is no one that can speak for me” she said.

THREE STUDENT UNION ADMINISTRATIONS, SAME STORY

The 2019/20 edition of the pageantry took place during the administration of Oluwatayo Oladele, then president of the union. The social director, Olaniyi James, coordinated the event in conjunction an entertainment crew with cash prizes of about N350,000 to be shared among the winners. A year talent management contract, campus ambassadorial deals, free supplies of beauty and fashion products and other exciting consolation prizes were displayed on publicity materials. But the winners got peanuts compared to their original prizes.

When a new administration took over the leadership of the union, the students heaved a sigh of relief with the belief that things would get better. The union leadership led by one Ashade Abdulbasit organised pageants where winners were again denied of their cash prizes.

The current union leadership led by Uthman said the cash prizes were not paid because his administration was short of funds at the time the events were held. He added that it is a “mere coincidence” that previous administrations did not fulfill their promises also.

“There is nothing we can do about the unpaid cash prize of the winners as the union has given everything it can already,” he told TheCable.

Efforts to get Adebayo’s reaction to the allegations proved futile as he did not respond to calls and text messages sent to his phone.

Ademola Adekoya, the university spokesperson, said the institution is not aware of the issue and the contestants did not report the matter to the management.

“I think it is purely a student issue. That is why we have the university management for staff, and then, the one that concerns the student union is their problem,” Adekoya told TheCable.

“We don’t know how they come about their programmes. The only thing they do is that they seek approval to hold such events in the university environment, which the management granted. The nitty-gritty of how they do it is not the university’s issue.”

For the contestants who were forced to pay for the inflated cost of the form, spent huge sums of money to participate in the pageantry and were later deprived of their entitlements, the experience will remain green in their hearts. They were handed empty crowns, deprived of honour.



https://www.thecable.ng/empty-crowns-how-winners-of-lasus-beauty-pageant-are-extorted-denied-prizes/amp

The South African government says it will slash the pump price of fuel from Wednesday.

Gwede Mantashe, South Africa’s minister of mineral resources and energy, said this in a statement on Saturday.

He said the price adjustment is aimed at easing the burden on consumers of soaring energy prices.

South Africa’s fuel prices are adjusted monthly, informed by international and local factors.

“International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs,” Mantashe said.

According to the minister, the price of petrol will drop by ZAR 1.32 ($0.08) per litre — to ZAR 25.42 and ZAR 24.99 — for 95-octane and 93-octane petrol, respectively.

The price of diesel, used mainly by farmers, haulage vehicles and emergency power generators, will also be cut by 88 cents for high-sulphur diesel and 91 cents for lower sulphur diesel, he said.

Mantashe said the prices were adjusted due to less demand for crude oil due to recession concerns and a resurgence of COVID-19 in China.

He added that “the decision by OPEC and Non-OPEC members to increase oil production” was another contributory factor.

“The average international product prices of petrol, diesel, Illuminating Paraffin and LPG have decreased during the period under review. LPG prices have increased due to higher freight rates during the period under review,” he said.

“The movement in product prices has led to lower contributions to the Basic Fuel Price of petrol ULP 95 by 303.16 c/l, ULP 93 by 297.42 c/l, diesel 500ppm and 50ppm by 267.30 c/l and 271.15 c/l respectively, while the contribution to illuminating paraffin was 249.77 c/l.”


The minister said the depreciation of the rand also instigated the price reduction.

In June, the country’s inflation hit a 13-year high of 7.4 percent.



https://www.thecable.ng/south-africa-to-reduce-pump-prices-of-fuel-wednesday/amp

2022: Live updates as results trickle in from polling units and then LGA

Data from the Independent National Electoral Commission (INEC) suggest that Osun has a total of 1,955,657 registered voters. The election is taking in 3,763 polling units across 332 registration areas in 30 local government areas of the state. Osun State also has three senatorial districts, nine federal constituencies, and 23 state constituencies. Although there are 15 political parties in the state, 15 of them are represented in the contest for the next governor of the state. Follow us as we bring you results from polling units across the state.

8:16 PM Ward result: PDP wins Ward 07, Sabo/Agbongbe II, Ede North APC: 929 PDP: 2476
8:16 PM Ward result: PDP wins Ward 06, Sabo/Agbongbe I, Ede North APC: 885 PDP: 1767
8:15 PM Ward result: PDP wins Ward 10, Asunmo, Ede North APC: 488 PDP: 1445
8:15 PM Ward result: PDP wins Ward 11, Bara Ejemu, Ede North APC: 364 PDP: 1191
8:13 PM Ward result: PDP wins Ward 10, Asunmo, Ede North APC: 488 PDP: 1445
8:13 PM Ward result: PDP wins Ward 11, Bara Ejemu, Ede North APC: 364 PDP: 1191
8:13 PM Ward result: PDP wins Ward 08, Isibo/Buhari Isolo, Ede North APC: 728 PDP: 1936
8:12 PM Ward result: PDP wins Ward 09, Apaso, Ede North APC: 660 PDP: 1497
8:11 PM Ward result: PDP wins Ward 01, EJIGBO I, ILA LGA APC: 1347 PDP: 1471
8:11 PM PDP wins Sedo 11 Ward 05, SEDO II, ILA LGA APC: 949 PDP: 955 8:10 PM PDP wins another ward Ward 11, AJABA/EDEMOSI/ABA ORANGUN, ILA LGA APC: 811 PDP: 995
8:09 PM PDP wins WARD 10, Eyindi/Ipirin Ward 10, EYINDI/IPIRIN, ILA LGA
APC: 675 PDP: 825
8:08 PM PDP wins WARD 6, Ila Ward 06, IPIRIN, ILA LGA APC: 1525 PDP: 1586
7:51 PM Adeleke wins his ward Result from Abogunde/Sagba Ward 02, Ede North.
APC: 912 PDP: 3262
Ademola Adeleke, candidate of the Peoples Democratic Party (PDP) wins his ward in Ede North LGA. Ward 09 (Apaso), Ede North APC: 660 PDP: 1497
6:46 PM APC wins PU 07, Ward 2, Isale Oba, Iwo LGA ADP:03 APC: 114 PDP: 65
6:45 PM PDP wins PU 06, Ward 7, Sabo/Agbongbe II, Barracks Junction, Ede North AAC:04 ADP:03 APC: 106 APP:01 LP:01 NRM:01 PDP: 294 SDP:01
6:45 PM APC wins PU 05, Isale Oba ward 2, Iwo LGA APC: 97 PDP: 71
6:32 PM APC wins PU 08, Isale Oba ward 2, Iwo LGA APC: 73 PDP: 55
6:30 PM PDP wins PU 02, Ward 08, Ayedire LGA A: 58 AAC: 1 ADP: 1 APC: 160 PDP: 181 Total valid votes: 402
6:25 PM PDP wins PU01 Ward 8, Ologungun area, Irewole LGA APC: 186 PDP: 194
PU09, Ward 8, AFDB, Irewole LGA APC: 27 PDP: 36
PU07, Ward 8, Ogunyemi area, Irewole LGA APC: 197 PDP: 245
PU10, Ward 8, Efola road, Irewole LGA APC: 44 PDP: 130
6:04 PM APC wins PU08 Ward 8, Itamerin junction, Irewole LGA APC: 163 PDP: 71
6:01 PM APC wins PU 07, Molete ward 3, Iwo LGA APC: 136 PDP: 108
6:00 PM PDP wins PU 16, Ward 5, opposite Technical College, Ataoja E, Osogbo LGA APC: 106 PDP: 212
5:56 PM PDP wins PU 06, Molete ward 3, Iwo LGA APC: 111 PDP: 156
5:54 PM PDP wins PU03, ward 8, Jolaiya area, Irewole LGA PDP: 185 APC: 183
5:52 PM APC wins PU06, Ward 7, Oke Asa, Irewole LGA APC: 220 PDP: 197
5:51 PM PDP wins PU 06, Oke-Adan ward 3, Iwo LGA APC: 102 PDP: 117
5:51 PM PDP wins PU08, Ward 1, Ori Eru, Irewole LGA APC: 95 PDP: 127 ADP: 8
5:50 PM Oyetola wins his polling unit PU02, Ward 1, Popo Iragbiji, Boripe LGA APC: 545 PDP: 68
5:50 PM PDP wins PU 5, Ward 4, Ifelodun LGA APC: 82 PDP: 120 AAC: 2 ADP: 3
5:49 PM PDP wins PU 07, Oke-Adan ward 3, Iwo LGA APC: 125 PDP: 128
5:48 PM APC wins PU 08, Oke-Adan ward 3, Iwo LGA APC: 83 PDP: 70
5:38 PM APC wins PU02 Ward 1, Ayedade Ikire, Irewole LGA PDP: 86 APC: 117
5:38 PM PDP wins again PU 16, Agbowo open space, Oke-Adan ward 3, Iwo LGA APC: 52 PDP: 161
5:32 PM PDP wins PU06 Ward 8, Apomu, Isokan APC: 100 PDP: 199
5:30 PM Oyetola's deputy Gboyega Alabi wins polling unit Oyetola's deputy Gboyega Alabi wins polling unit. APC: 206, PDP: I84
5:23 PM PDP wins PU 5, ward 8, Asalu, Isokan LGA APC: 136 PDP: 194
5:23 PM PDP wins PU 001, Ward 004, St. Phillips Primary School, Ayetoro, Ife East LGA APC: 133 PDP: 148
5:22 PM PDP wins PU05, Ward 5, Salvation Army Grammar School, Osogbo LGA APC: 121 PDP: 195 LP : 01
5:21 PM APC wins PU 01, Ward 02, Kajola junction, Ilesa East LGA APC: 137 PDP: 125
5:21 PM PDP wins PU 004, Ward 6,Alapomu, Isokan LGA APC: 163 PDP: 227
5:20 PM APC wins PU06, Ward 6, Alapomu, Isokan LGA APC: 196 PDP: 139
5:08 PM Big win for PDP PU03, Ward 6, Alapomu, Isokan LGA APC: 155 PDP: 299
5:06 PM Another win for PDP PU 001 Ward 8, Modakeke, Ife-east PDP: 253 APC: 161
5:02 PM PDP wins PU 8, Ward 06, Obokun LGA APC: 101 PDP: 128 YPP: 1 NNPP: 1 ADP: 3
5:01 PM APC wins PU 019, Okerewe 3 Ward 06, Ife East LGA PDP: 33 APC: 04 LP: 0 Accord: 02 4:49 PM APC wins as deputy governor wins polling unit Benedict Alabi, Osun deputy governor, has won his polling unit. Ward 6, PU07, Baptist Day School, Ikire, Irewole LGA. APC: 206 PDP: 184
4:47 PM PDP wins PU 15, Ward 6, Okerewe 3, Ife East LGA. PDP: 64 APC: 34 LP: 0 Accord: 0 4:44 PM PDP wins PDP:216 APC: 99 ADP: 6
4:44 PM APC wins PU 007, Ward 6, Okerewe 3, Ife East LGA PDP: 74 APC: 115 LP: 0 Accord: 1 4:25 PM PDP wins PU008, Ward 2, Ilare 2, Ife Central PDP: 153 APC: 124
4:23 PM APC wins PU 02, Town hall Bode-Osi, Bode-Osi ward 8, Olaoluwa LGA AAC: 2 ADP: 9 APC:178 APM: 1 APP: 1 PDP: 130 PRP: 1 YPP - 1 ZLP - 1
4:20 PM PDP wins again PU03, Ward 10, Egbedore LGA APC: 150 PDP: 261
4:15 PM PDP wins PU 04, Ward 02, L.A. Primary School, Ilesa East APC: 74 PDP: 104 4:07 PM APC wins PU 005, Ward 10, Ife central LGA PDP: 26 APC: 57 LP: 2
4:06 PM APC wins Bisi Akande's polling unit PU 12, Ward 04, Isedo, Ila-Orangun PDP: 117 APC: 140
4:04 PM A win for PDP PU 04, Ward 10, Egbedore LGA APC: 145 PDP: 213 LP: 01
3:59 PM Another win for PDP PU 03, Dispensary Bode-Osi, Bode-Osi ward 8, Olaoluwa LGA APC: 137 PDP: 151 NRM: 1 PRP: 1 A: 1 Registered votes: 754 Votes cast: 315 Invalid votes: 24
3:52 PM Another win for PDP PU 004, Ward 08, Isibo/Buari-Isolo, Oba's palace, Ede North APC: 44 PDP: 131
3:43 PM PDP wins PU21, Ward 10, Egbedore LGA. APC: 18 PDP: 20 LP: 0
3:42 PM Win for APC PU 004, Fajuyi Hall OAU, Ward 05, Iremo/Ajebamidele, Ife Central LGA PDP: 28 APC: 29 Accord: 9 LP: 2
3:41 PM Another win for PDP PU 07, Open space, opposite Olubode palace, Bode-Osi Ward 8, Olaoluwa LGA APC: 90 PDP: 108 NRM: 1 APM: 1 ADP: 3 PRP: 1 Registered voters: 329 Votes cast: 209 Invalid votes: 5
3:40 PM PDP wins with small margin PU 28, Iremo/Ajebandele OAU campus PDP:10 APC:08 3:40 PM APC wins with small margin Ward 03, PU18, Egbedore LGA APC: 24 PDP: 20 LP: 0 3:39 PM PDP wins PU 006, Ward 08, Isibo/Buari-Isolo, Ede North APC: 48 Accord: 1 PDP: 178
3:35 PM PDP wins PU 005, Ward 07, Babasanya, Ede South APC: 104 PDP: 304
3:35 PM APC wins Aregbesola's polling unit, makes it first win APC:164 PDD:134 VOID:8 3:28 PM PDP wins WARD 04, PU 11, Ila-Orangun PDP:75 APC:63
3:26 PM PDP wins all 4 polling units WARD 04, PU 04, Ila-Orangun PDP: 130 APC: 5 WARD 04, PU 05, Ila-Orangun PDP: 33 APC: 25 WARD 5, PU 7, Ila-Orangun PDP,: 50 APC: 49 WARD 05, PU 06, Ila-Orangun PDP: 83 APC: 71
3:25 PM PDP wins RESULT (PU 4, Elepo village, Bode-Osi ward 8, Olaoluwa LGA) APC: 38 PDP: 96 AAC: 2 PRP: 1 YPP: 1 Registered votes: 329 Votes cast: 141 Invalid votes: 3
3:18 PM PDP wins the first polling unit PU 029, Open Space, Aderin Junction, Aderin area, Olorunda local government, Osogbo. APC – 39 PDP – 91 LP – 0


LGA By LGA

Osun has 30 LGAs

1. Odo Otin LGA
A: 170
AAC: 50
ADP: 269
APC: 13,482
APM: 29
APP: 17
BP:7
LP: 19
NNPP: 14
NRM: 23
PDP: 14003
PRP: 35
SDP: 12
YPP: 44
ZLP: 11

Rejected: 422
Total registered voters: 66,866
Total accredited voters: 28,864
Valid votes: 28,185
Total vote cast: 28,607

2. OROLU LGA

A : 69
AAC: 55
ADP: 271
APC: 9928
APM:21
APP:14
BP: 15
LP: 32
NNPP: 04
NRM: 14
PDP: 10282
PRP: 18
SDP: 09
YPP: 23
ZLP: 10

3. Boluwaduro LGA (FINAL RESULT) :
LGA of the Osun APC State Chairman.

APC- 5649
PDP- 5860


4. Osogbo LGA

A: 395
AAC: 130
ADP: 617
APC: 22,952
APM: 55
APP: 47
BP: 18
LP: 79
NNPP: 22
NRM: 48
PDP: 30,401
PRP: 70
SDP: 62
YPP: 79
ZLP: 22


5. Ilesa West LGA Election Results

A: 106
AAC: 77
ADP: 407
APC: 10,777
APM: 48
APP: 22
BP: 09
LP: 40
NNPP: 13
NRM: 16
PDP: 13,769
PRP: 45
SDP: 21
YPP: 33
ZLP: 20

No of Registered Voters: 71,001
No of Accredited Voters: 26,364
Total Valid Votes: 25,403
Rejected Votes: 881
Total Votes Cast: 26,284

6. Atakumosa West LGA
APC 6601
PDP 7750

7. AYEDIRE LGA

A- 1510
Aac- 33
ADP- 115
APC- 7868
APM- 15
APP- 5
BP- 2
LP- 7
NNPP- 14
NRM- 12
PDP- 7402
PRP- 9
SDP- 4
YPP- 11
ZLP- 7


8. Ife Central LGA Election Results

A: 202
AAC: 145
ADP: 374
APC: 17880
APM: 59
APP: 21
BP: 10
LP: 134
NNPP: 14
NRM: 29
PDP: 13532
PRP: 42
SDP: 50
YPP: 44
ZLP: 08

No of Registered Voters: 113232
No of Accredited Voters: 33413
Total Valid Votes: 32544
Rejected Votes: 865
Total Votes Cast: 33409

9. Ifelodun LGA

Registered voters: 80,021
Accredited voters: 34,860

A - 65
AAC - 93
ADP - 487
APC - 16,068
APM - 45
APP - 13
BP - 07
LP - 18
NNPP - 13
NRM - 17
PDP - 17,107
PRP - 31
SDP - 12
YPP - 47
ZLP - 13

10. EJIGBO LGA

A: 41
AAC: 44
ADP: 282
APC: 8,919
APM: 39
BP: 9
LP: 23
NNPP: 11
NRM: 30
PDP: 11,878
PRP: 36
SDP;15


11. EDE SOUTH LGA

Registered Voters: 54,872
Accredited Voters: 26,306

A: 38
AAC: 43
ADP: 226
APC: 5,704
APN: 25
APP: 20
BP: 18
LP: 16
NNPP: 15
NRM: 57
PDP: 19,438
PRP: 33
SDP: 11
YPP: 37
ZLP: 10

TOTAL VALID VOTES: 25,691
REJECTED VOTES: 546
TOTAL VOTES CAST:26,237


12. Ayedaade LGA

Total registered voters: 67651
Total accredited Voters: 29696
Total valid votes cast: 28988
Accord: 229
AAC: 98
ADP: 435
APC: 14527
APM: 48
APP: 25
BP: 18
LP: 20
NNPP: 16
NRM: 28
PDP: 13380
PRP: 37
SDP: 10
YPP: 98
ZLP: 19

Rejected votes: 692

13. Iwo Local Government

A: 214
AAC: 84
ADP: 591
APC: 17,421
APM: 82
APP: 36
BP: 24
LP: 32
NNPP: 20
NRM: 36
PDP: 16,914
PRP: 48
SDP: 20
YPP: 98
ZLP: 14

14. Boripe LGA:
A - 91
AAC - 82
ADP - 355
APC - 21205
APM - 56
APP - 25
BP - 05
LP - 04
NNPP - 07
NRM - 13
PDP - 7595
PRP - 24
SDP - 09
YPP - 32
ZLP - 07

Registered voters: 69538
Accredited voters: 30563
Total Valid vote: 29510
Total Rejected votes: 598
Total vote cast: 30108

15. Olorunda LGA:

A: 208
AAC: 95
ADP: 460
APC: 18709
APM: 40
APP: 23
BP: 19
LP: 63
NNPP: 17
NRM: 30
PDP: 21350
PRP: 56
SDP: 46
YPP: 51
ZLP: 20

Registered Voters: 104700
Accredited Voters: 42009
Total Valid Votes: 41187
Rejected votes: 737
Total Votes cast: 41924

16. ILA LGA

Total votes from the two parties

APC- 11163

PDP- 13036


17. Irepodun LGA:
A - 63
AAC - 48
ADP - 378
APC - 12122
APM - 32
APP - 18
BP - 22
LP - 1886
NNPP - 13
NRM - 21
PDP - 14369
PRP - 14
SDP - 06
YPP - 29
ZLP - 11

Registered voters: 57712
Accredited voters: 29913
Total Valid vote: 29032
Total Rejected votes: 544
Total vote cast: 29576

18. ISOKAN LGA

Registered Voters: 53288
Accredited voters: 23051

A: 23
AAC: 85
ADP: 337
APC: 10833
APM: 65
APP: 22
BP: 20
LP: 17
NNPP: 16
NRM: 23
PDP: 10777
PRP: 35
SDP: 8
YPP: 68
ZLP: 24

TOTAL VALID: 22353
REJECTED: 634
TOTAL VOTES:2298


19. Ife North LGA

A: 74
AAC: 70
ADP: 341
APC: 9,964
APM: 50
APP: 24
BP: 14
LP: 4
NNPP: 11
NRM: 18
PDP: 10,359
PRP: 35
SDP: 9
YPP: 37
ZLP: 10

20. Ife South LGA.

Registered voters – 56706
Accredited voters – 22927
A: 36
AAC: 93
ADP: 345
APC: 12481
APM: 60
APP: 20
BP: 12
LP: 28
NNPP: 08
NRM: 18
PDP: 9116
PRP: 24
SDP: 14
YPP: 57
ZLP: 14
Total valid votes – 22326
Total rejected voted – 588
Total votes cast – 22914

21. Ede North LGA
A: 61
AAC:35
ADP:267
APC:9603
APM:17
APP:15
BP:07
LP:15
NNPP:14
NRM:53
PDP:23931
PRP:37
SDP:14
YPP:33
ZLP:11
TOTAL VALID VOTES: 34113
REGISTERED VOTERS:71749
NO OF ACCREDITED VOTERS:34735
REJECTED VOTES:571
TOTAL VOTES CAST:34684

22. Atakumosa East LGA
A: 40
AAC: 46
ADP: 178
APC: 7,449
APM: 26
APP: 16
BP: 07
LP: 23
NNPP: 07
NRM: 11
PDP: 6,992
PRP: 27
SDP: 14
YPP: 26
ZLP: 13

23. IREWOLE LGA

Irewole LGA Final Result

PDP: 14, 216

APC: 18,198


24. Ilesa East LGA:

APC - 13,452

PDP - 10,969

Note, as at 3:00am Sunday morning, the following LGAs are left to be announced:
OlaOluwa, Obokun, Ife East, Oriade, Egbedore, Ifedayo.

OFFICIAL RESULTS COLLATED SO FAR, FOR 30 LGA:

Congratulations to Ademola Adeleke
#OsunDecides2022

The cable.ng has rightly captured the new twist on the acting CJN.
‘Born in 1958, started school in 1959?’ — fresh questions raised over acting CJN’s credentials
‘Born in 1958, started school in 1959?’ — fresh questions raised over acting CJN’s credentials.

On Monday, following the resignation of Ibrahim Tanko Muhammad, Olukayode Ariwoola was sworn in by President Muhammadu Buhari as the acting chief justice of Nigeria (CJN).

Ariwoola is expected to serve in acting capacity until confirmation by the National Judicial Council (NJC) and the national assembly.

At the swearing-in ceremony in the presidential villa, the acting CJN swore to be faithful and bear true allegiance to the federal government, as well as defend the constitution of the Federal Republic of Nigeria.

However, fresh questions have been raised over the credentials of Ariwoola, and particularly on the date which he began school.

BORN IN 1958 AND STARTED SCHOOL IN 1959

Ariwoola was born in Iseyin, Oyo state, on August 22, 1958. According to his credentials, he began his primary education less than a year later in 1959 at the Local Authority Demonstration School, Oluwole, in his hometown. He would spend eight years in school before graduating in 1967.

He then moved to Muslim Modern School in the same town from 1968 to 1969 before graduating to Ansar-Ud-Deen high school, Saki area of Oyo, for secondary education.

He earned his law degree from the University of Ife (now Obafemi Awolowo University) in 1980, and a year later he was called to the Nigerian bar and got enrolled as a solicitor and advocate of the supreme court.

REPORTEDLY ILL

Before Ariwoola was sworn into his new role, insiders within the apex court told TheCable that some northern justices were against his appointment on the grounds that the 63-year-old is allegedly battling health issues.

They alleged that the illness might affect Ariwoola’s performance as the leader of the supreme court just as it did the immediate past CJN.




https://www.thecable.ng/born-in-1958-started-school-in-1959-fresh-questions-raised-over-acting-cjns-credentials/amp

The All Progressives Congress (APC) has postponed the date for the screening of its presidential hopefuls.

Felix Morka, national publicity secretary of the party, announced the development in a statement issued on Sunday.

The screening exercise was scheduled to hold on May 23.

However, Morka said a new date for the exercise “will be announced shortly”
According to Suleiman Arugugun, APC national organising secretary, a total of 28 aspirants had obtained forms to contest the presidency on the party’s platform, but three persons had failed to submit their forms.


https://www.thecable.ng/breaking-apc-postpones-screening-of-presidential-hopefuls/amp

A Plateau State-born Dutch writer, Wiebe Boer, has cried out over the illegal use of his photographs by some faceless people to make political posters declaring his alleged interest in contesting for the position of governor in the state.

The posters which have been making the rounds on the internet, depicted Boer as gunning for the seat of Governor of Plateau State with the name “Yohanna Maigona”, and contesting the position on the platform of a non-existent party, the All for All Peoples Party.

Boer, who was born in Jos and describes himself as a Dutch-Nigerian, is a former athlete, footballer and writer who wrote a very successful book on the history of Nigerian football titled “A Story of Heroes and Epics: The History of Football in Nigeria (1904-1960)” in 2020.

But in a statement denouncing the posters on Monday, Boer who is the CEO of All On Energy, distanced himself from the posters and insisted he had at no time declared any intention to run for any political position in the state or in the country as he is not qualified to run for any political office.

“It has come to my attention that posters implying that I am running for Governor of Plateau State under the name of Yohanna Maigona have gone viral,” Boer wrote in the statement.

“I am categorically stating that I have no intention of running for political office in Nigeria, and I am not eligible to do so.

“The only truth to the insinuation is that I was born in Jos and raised in Taraba and Plateau States to Dutch missionary parents and have spent the last 12 years living in Lagos and serving Nigeria and Nigerians in various capacities.

“I have always been a staunch believer in the potential of Nigeria and will continue to support the country’s development from the sidelines,” he added.

https://www.ripplesnigeria.com/jos-based-dutch-writer-wiebe-boer-cries-out-over-illegal-use-of-image-for-political-posters/

She have to apply in person and provide evidence to support the reason for the correction, in the case which is age. You need to submit Form JPN. KC08 (Form for Amending Particulars Section 44, Act 1976 & Section 13(1), 1952 Ordinance) and provide the following documents: National Identity Card.

Future of Netflix looks grim as company value drops.
Netflix shares plunged this week after the platform reported its first subscriber loss in more than a decade. One factor the company pointed to as hurting revenue: widespread password sharing.

Does this mean the streamer is about to kick millions of viewers off shared accounts? Not quite. But it could mean that Netflix subscribers around the world may have to pony up to keep their kids, friends or colleagues on their accounts.
For years, Netflix (NFLX) has allowed subscribers to share their passwords with little interference. In fact, the service admitted in its letter to investors Tuesday that the policy likely helped fuel its growth by "getting more people using and enjoying Netflix."
Yet that growth has severely stalled, and Netflix said Tuesday that it's now looking into how "best to monetize sharing." The company noted that of its 222 million paying households around the world, it estimates that "Netflix is being shared with over 100 million additional households."
Is this the end of Netflix password sharing?
So what does that mean for your account? It's unclear since Netflix is in the early stages of figuring how to make more money from account sharing.
Last month the company said that it has been working for a year on ways to "enable members who share outside their household to do so easily and securely, while also paying a bit more." Translation: you're going to have to pay for those extra folks on your account.
The company has rolled out two test features in three overseas markets called "Extra Member" and "Profile Transfer." The costs vary based on a number of factors, but Netflix said the features can be added for "a fraction of the price of a Basic Plan."
With "Extra Member," subscribers to Netflix's standard and premium plans can add an account for up to two people who don't live with them.
Netflix's world has been turned upside down as stock plunges 35%
Netflix's world has been turned upside down as stock plunges 35%
These "extra" members will have full access to the main Netflix account, and have their own profiles and login. Extra memberships won't be counted in Netflix's overall paid subscriber figures.
So if you have someone on your Netflix account who doesn't live in your household — a kid away at college, a friend, a distant cousin, whatever — you'll be paying extra for their access.
The "Profile Transfer" option lets subscribers at any price tier transfer their profile information — namely their viewing history — to a new paid account.
Both features are currently being tested in Chile, Costa Rica and Peru. Netflix typically tests new features in smaller markets before rolling them out on a larger scale, and at this point it's unclear if "Extra Member" or "Profile Transfer" will become a bigger offering or be scrapped.
However, with the company's stock plummeting and investors questioning its future growth potential, it's a good bet that these or similar options could be implemented sooner rather than later.
As goes Netflix, so goes streaming
"We've always tried to make sharing within a member's household easy, with features like profiles and multiple streams. While these have been very popular, they've created confusion about when and how Netflix can be shared with other households," the company said Tuesday. "While we won't be able to monetize all of it right now, we believe it's a large short- to mid-term opportunity."
Then again, making customers pay for the privilege of sharing their accounts could backfire. Netflix already raised its prices earlier this year; additional costs could alienate its base.
The company is still in the early days of working out how to monetize password-sharing, and if Netflix clamps down on the practice other services are likely to follow its lead. As the bellwether of the streaming world, Netflix's decision could have industry-wide ramifications.



https://edition.cnn.com/2022/04/22/media/netflix-passwords-sharing/index.html

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.youtube.com/watch%3Fv%3DkN1Eb1FXhfI&ved=2ahUKEwiZra6UsoXm

Some youths, on Monday, staged a protest and barricaded the Lagos-Ibadan expressway.
The protesters made bonfires on both sides of the road around Berger area, preventing the free movement of vehicles along roads linking to the expressway.
They also displayed banners with the inscription: ‘Questions for Politicians and Religious Leaders. What is the Future of Nigeria? All Highways in Nigeria will be [Blocked]. No movement Nationwide’.
During the protest, they urged motorists and passers-by to support them.
“If you don’t like the way the country is, support us. We are angry. We are the youths. We are suffering. People graduate and can’t get jobs. We are angry,” one of the protesters said.
The demonstration lasted for close to an hour before police officers arrived the scene and cleared the road for motorists.
Benjamin Hundeyin, Lagos police spokesperson, confirmed the development to TheCable and said two persons were arrested.
“The police responded and two people were arrested. They were taken to Ojodu Abiodun police division and the road was cleared and the flow of traffic continued,” he said.
“They claimed they are members of the ‘Angry Youths Movement of Nigeria’.”
Normalcy has been restored in the area.
Meanwhile, the development comes amid security challenges in the country.
The most recent incident was an attack by gunmen on a Kaduna-bound train.
The train was said to have nearly reached Rigasa, its final stop, when the gunmen struck.
According to a statement by the Nigerian Railway Corporation (NRC) on Sunday, eight passengers were killed while at least 22 persons are still missing.

https://www.thecable.ng/youths-barricade-lagos-ibadan-expressway-to-protest-against-bad-governance/amp

A coalition of Arewa Civil Society Groups, has cautioned the ruling All Progressives Congress (APC) and the Nigeria electorate to be mindful of the presidential aspiration of Vice President Yemi Osinbajo, because he simply wanted immunity against plausible prosecution after the 2023 elections.

The Arewa group at a press briefing in Abuja, yesterday, insisted that Osinbajo was contesting for president to continue enjoying immunity against prosecution, after 2023.

Convener of the group, Comrade Musa Attah, while briefing Journalists, alleged that the vice-president mismanaged funds under his control and office, for various social intervention programmes of the President Muhammadu Buhari administration.

“The leadership of the Coalition of Arewa Civil Society Groups welcomes you all to this significant press conference, which has become a child of necessity, given the recent clamour for the Vice President, Yemi Osinbajo, to vie for the highest political office in the country.

“As a group representing a vast interest of critical stakeholders in northern Nigeria, and some other parts of the country, we are constrained to lend our voice to an ambition we consider misplaced and against the interest of the generality of Nigerians, in our quest for sustainable growth and development.

“The presidential aspiration of Vice President Yemi Osinbajo does not suit the purpose, given his track record in the mismanagement of the various Social Intervention Programmes of the federal government hitherto domiciled in his office, before the creation of the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

“It is instructive to ask questions about how Vice President Yemi Osinbajo managed the National Social Investments Programmes (NSIP), intended to tackle poverty and hunger across the country.

“For the records, the suite of programmes under the NSIP focuses on ensuring a more equitable distribution of resources to vulnerable populations, including children, youth and women, under the supervision of the Office of the Vice President.

“The N-Power Programme, Conditional Cash Transfer Programme, Government Enterprise and Empowerment Programme, the Home Grown School Feeding Programme and the Tradermoni Empowerment Scheme, were all intended to bring succour to the vulnerable groups in the country.

“Therefore, it is curious how such laudable initiatives were mismanaged by the Office of the Vice President, which warranted the President to create a new ministry and transferred the responsibility of managing these programmes to the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

“What Nigerians might be aware of is that, under the supervision of Vice President Yemi Osinbajo, the National Social Intervention Programmes became an avenue for corrupt enrichment by the Vice President and his cronies. They diverted funds meant for the vulnerable groups to private pockets.

“The heist committed by the Vice President and his cronies in implementing the programmes is quite despicable and a shame, given the multitude of evidence pointing to gross mismanagement and abuse of office.

“Therefore, it is unimaginable for the Vice President to indicate interest to rule this country. The implication of a Yemi Osinbajo’s presidency in Nigeria is that, the country’s resources would be diverted to private pockets most brazenly, as we saw in the NSIP.

“It, therefore, amounts to an insult to the sensibilities of Nigerians for Vice President, Yemi Osinbajo, to want to lead Nigeria. He lacks morals and uprightness, as evident in his corrupt tendencies and lack of sincerity of heart and purpose.

“At this point, we are tempted to state in unequivocal terms that the attempt by Vice President Yemi Osinbajo to seek the highest political office in the county is an attempt to shield himself from the probe after the expiration of his immunity,” the statement stated.


https://www.thisdaylive.com/index.php/2022/04/04/arewa-youths-osinbajo-seeking-immunity-against-prosecution-with-2023-ambition/

In light of Bayern Munich fielding, twelve players during a clash against Freiburg, former Bavarian star Dietmar Hamann admitted that the Bundesliga giants should be punished. The Bavarians had fielded twelve players and proceedings were brought to halt before a change could be made by the referees.

While Bayern Munich did beat Freiburg 4-1 despite a chance at a comeback for the latter side, there was little doubt that the reigning Bundesliga champions would walk away with the win. The Bavarians dominated the game with over 60% of the ball and had well over 20 shots on goal but the bigger controversy was for what happened towards the end of the game.

The Bavarians had 12 players on the field for 17 seconds which was when the referee realised and that led to a long stoppage and a lot of confusion as things were sorted out. However, according to the rules, the victory could be overturned and the game could be handed to Freiburg instead. That is what the overwhelming noise is for with Dietmar Hamann also in favour of Bayern getting punished.

"It's a violation of the rules. If one goes onto the field, another has to go down. It doesn't matter whether they play 20 seconds, twelve or five minutes. There is no question in my mind that it must be punished," Hamann stated, reported Goal.

https://sportscafe.in/football/articles/2022/apr/03/bayern-munich-must-be-punished-for-fielding-twelve-players-claims-dietmar-hamann

helinues:


Twitter, Is Ogun state now located on Twitter ?

Btw, don't you see it's Pdp that posted the news, you should know they would add curry and sauce to the news now.

Make I confirm the news self from people on ground

No fewer than 18 persons have been arrested by operatives of the Ogun State Police Command following the murder of a popular ‘area boy’ called Tommy in Abeokuta, the state’s capital.

Tommy was reportedly killed late on Thursday night at Panseke by some yet-to-be-identified persons

The victim was said to be a resident of Oluwo and was trailed to Panseke where he reportedly went to buy food.

Pandemonium reportedly broke out when some men with various weapons stormed the place and pounced on Tommy.

He was reportedly dealt several machete cuts by the assailants who waited till he breathed his last before leaving the scene.

The development forced many residents of Oluwo to flee their homes as the area was gripped by palpable fear.

A gory picture of the deceased sighted by our correspondent showed that he was hacked to death.

https://www.google.com/amp/s/punchng.com/18-arrested-as-cultists-kill-popular-area-boy-tommy-in-ogun/%3famp

While commending this great initiative, I was shocked this morning when one of the SilverBird anchors revealed that the Chinese solely funded and designed the place at 25years concessioning.
Who do Nigeria and while are we giving our choicest places to china?

PSG made 2 consecutive #UCL SEMIS, including the FINAL in the last 2 seasons.

They sign Lionel Messi to win the #UCL and suddenly can’t get out of the 2nd round.

What a terrible signing he’s been!

ejimatic:
. Is there a provision in the constitution to support this judgement? No. The SC ruled in Atiku vrs PDP that executive could decamp to any party. No constitutional limitation on that. Today's judgement is a judicial drama and a case of judicial laughing stock

In the case between Labour Party and a member of House of Representatives representing Akure North/ South constituency, Hon. Ifedayo Sunday Abegunde. He was elected on the LP’s platform in the Seventh Assembly. He defected to the then Action Congress of Nigeria (ACN) before the end of his tenure, citing a division in his state chapter of the Labour Party.

In a preemptive move, Abegunde sued his former party at the Federal High Court, Akure, urging it to, among others, deem his defection as proper, to enable him retain his seat. He lost at the trial court, the Court of Appeal and up to the Supreme Court.A seven-man panel of the Supreme Court, headed by then Chief Justice of Nigeria (CJN), Mahmud Mohammed, in its judgment on April 17, 2015, ruled against Abegunde, to the effect that his claim of a division in the chapter of his party in his state did not qualify as the division envisaged under Section 68(1)(g) of the Constitution.

In the lead judgment, Justice Musa Dattijo Mohammad noted that it was only a division that made it “impossible or impracticable” for the party to function by virtue of the provision of Section 68(1)(g) of the 1999 Constitution that “justifies a person’s defection to another party.”

Justice Muhammad added: “The principles enunciated by this court in the two cases of FEDECO v Goni supra and Attorney-General of the Federation v Abubakar supra, are to the effect that only such factionalisation, fragmentation, splintering or ‘division’ that makes it impossible or impracticable for a particular party to function as such will, by virtue of the proviso to Section 68(1)(g), justify a person’s defection to another party and the retention of his seat for the unexpired term in the house in spite of the defection.”

Despite the unambiguous constitutional provisions on when a defection is proper and clear interpretations of these provisions by the Supreme Court, its application has, in most cases, been subjected to the whims of the leadership of the National Assembly.Before the current wave of defections rocking the National Assembly ahead of 2019 general elections, Zaphaniah Jisalo (Abuja Municipal Area Council /Bwari Federal Constituency of the Federal Capital Territory) and Ahmed-Tijani Damisa (Okene/Ogori-Magongo Federal Constituency in Kogi State) who were elected on PDP platform defected to APC last year. Their defection made PDP’s members in the House to demand that they vacate their seats.

When the issue was raised on the floor of the House, PDP Minority Whip, Umar Barde demanded that the seats occupied by Jisalo and Damisa be declared vacant in view of the provision of Section 68 (1g) of the constitution, and since the party was no longer divided after the Supreme Court’s resolution of the leadership dispute between Ali Modu Sheriff and Ahmed Makarfi.


The Chairman of the House Committee on Ethics and Privileges, Osai Nicholas Ossai (PDP, Delta), spoke in a similar vein and urged Speaker Yakubu Dogara to invoke Section 68 of the Constitution and declare the defectors’ seats vacant. Dogara declined to accede to the PDP members’ call, but instead, argued that their reliance on Section 68 (1g) to demand that the defectors’ seats be declared vacant was insufficient, adding that the constitution did not define what constituted a division in a political party.

The Speaker was quoted as arguing: “Division in a political party is not defined by the constitution. The constitution does not state whether it should be at the national, state or local government level. So, we should allow the judiciary to do its job.”

Arising from this, the judiciary is now doing their job as the interpreter of the Constitution. Don't you think so?

Confirmedzombie:
As a senior lawyer I think the judge misfired

It is best to petition the NJC while Appeal is filled

There is no provision in the constitution of Nigeria that says any governor who defects to other party loses his position.

As at the time Umahi defected, PDP were in crisis over its former National chairman Uche Sevondus.

Im very sure the Judge will be sanctioned.

In the case between Labour Party and a member of House of Representatives representing Akure North/ South constituency, Hon. Ifedayo Sunday Abegunde. He was elected on the LP’s platform in the Seventh Assembly. He defected to the then Action Congress of Nigeria (ACN) before the end of his tenure, citing a division in his state chapter of the Labour Party.

In a preemptive move, Abegunde sued his former party at the Federal High Court, Akure, urging it to, among others, deem his defection as proper, to enable him retain his seat. He lost at the trial court, the Court of Appeal and up to the Supreme Court.A seven-man panel of the Supreme Court, headed by then Chief Justice of Nigeria (CJN), Mahmud Mohammed, in its judgment on April 17, 2015, ruled against Abegunde, to the effect that his claim of a division in the chapter of his party in his state did not qualify as the division envisaged under Section 68(1)(g) of the Constitution.

In the lead judgment, Justice Musa Dattijo Mohammad noted that it was only a division that made it “impossible or impracticable” for the party to function by virtue of the provision of Section 68(1)(g) of the 1999 Constitution that “justifies a person’s defection to another party.”

Justice Muhammad added: “The principles enunciated by this court in the two cases of FEDECO v Goni supra and Attorney-General of the Federation v Abubakar supra, are to the effect that only such factionalisation, fragmentation, splintering or ‘division’ that makes it impossible or impracticable for a particular party to function as such will, by virtue of the proviso to Section 68(1)(g), justify a person’s defection to another party and the retention of his seat for the unexpired term in the house in spite of the defection.”

Despite the unambiguous constitutional provisions on when a defection is proper and clear interpretations of these provisions by the Supreme Court, its application has, in most cases, been subjected to the whims of the leadership of the National Assembly.Before the current wave of defections rocking the National Assembly ahead of 2019 general elections, Zaphaniah Jisalo (Abuja Municipal Area Council /Bwari Federal Constituency of the Federal Capital Territory) and Ahmed-Tijani Damisa (Okene/Ogori-Magongo Federal Constituency in Kogi State) who were elected on PDP platform defected to APC last year. Their defection made PDP’s members in the House to demand that they vacate their seats.

When the issue was raised on the floor of the House, PDP Minority Whip, Umar Barde demanded that the seats occupied by Jisalo and Damisa be declared vacant in view of the provision of Section 68 (1g) of the constitution, and since the party was no longer divided after the Supreme Court’s resolution of the leadership dispute between Ali Modu Sheriff and Ahmed Makarfi.


The Chairman of the House Committee on Ethics and Privileges, Osai Nicholas Ossai (PDP, Delta), spoke in a similar vein and urged Speaker Yakubu Dogara to invoke Section 68 of the Constitution and declare the defectors’ seats vacant. Dogara declined to accede to the PDP members’ call, but instead, argued that their reliance on Section 68 (1g) to demand that the defectors’ seats be declared vacant was insufficient, adding that the constitution did not define what constituted a division in a political party.

The Speaker was quoted as arguing: “Division in a political party is not defined by the constitution. The constitution does not state whether it should be at the national, state or local government level. So, we should allow the judiciary to do its job.”

Arising from this, the judiciary is now doing their job as the interpreter of the Constitution. Don't you think so?

Tomek09:
Useless cash n carry judgment.

Justice Inyang Ekwo should be restrained from delivering judgment.

The judge has shown in all his dealing to be partial, partisan and corrupt.

He was the same man behind OUK's ordeal. Thank God a higher court of competent jurisdiction nullified his judgment.

In the case between Labour Party and a member of House of Representatives representing Akure North/ South constituency, Hon. Ifedayo Sunday Abegunde. He was elected on the LP’s platform in the Seventh Assembly. He defected to the then Action Congress of Nigeria (ACN) before the end of his tenure, citing a division in his state chapter of the Labour Party.

In a preemptive move, Abegunde sued his former party at the Federal High Court, Akure, urging it to, among others, deem his defection as proper, to enable him retain his seat. He lost at the trial court, the Court of Appeal and up to the Supreme Court.A seven-man panel of the Supreme Court, headed by then Chief Justice of Nigeria (CJN), Mahmud Mohammed, in its judgment on April 17, 2015, ruled against Abegunde, to the effect that his claim of a division in the chapter of his party in his state did not qualify as the division envisaged under Section 68(1)(g) of the Constitution.

In the lead judgment, Justice Musa Dattijo Mohammad noted that it was only a division that made it “impossible or impracticable” for the party to function by virtue of the provision of Section 68(1)(g) of the 1999 Constitution that “justifies a person’s defection to another party.”

Justice Muhammad added: “The principles enunciated by this court in the two cases of FEDECO v Goni supra and Attorney-General of the Federation v Abubakar supra, are to the effect that only such factionalisation, fragmentation, splintering or ‘division’ that makes it impossible or impracticable for a particular party to function as such will, by virtue of the proviso to Section 68(1)(g), justify a person’s defection to another party and the retention of his seat for the unexpired term in the house in spite of the defection.”

Despite the unambiguous constitutional provisions on when a defection is proper and clear interpretations of these provisions by the Supreme Court, its application has, in most cases, been subjected to the whims of the leadership of the National Assembly.Before the current wave of defections rocking the National Assembly ahead of 2019 general elections, Zaphaniah Jisalo (Abuja Municipal Area Council /Bwari Federal Constituency of the Federal Capital Territory) and Ahmed-Tijani Damisa (Okene/Ogori-Magongo Federal Constituency in Kogi State) who were elected on PDP platform defected to APC last year. Their defection made PDP’s members in the House to demand that they vacate their seats.

When the issue was raised on the floor of the House, PDP Minority Whip, Umar Barde demanded that the seats occupied by Jisalo and Damisa be declared vacant in view of the provision of Section 68 (1g) of the constitution, and since the party was no longer divided after the Supreme Court’s resolution of the leadership dispute between Ali Modu Sheriff and Ahmed Makarfi.


The Chairman of the House Committee on Ethics and Privileges, Osai Nicholas Ossai (PDP, Delta), spoke in a similar vein and urged Speaker Yakubu Dogara to invoke Section 68 of the Constitution and declare the defectors’ seats vacant. Dogara declined to accede to the PDP members’ call, but instead, argued that their reliance on Section 68 (1g) to demand that the defectors’ seats be declared vacant was insufficient, adding that the constitution did not define what constituted a division in a political party.

The Speaker was quoted as arguing: “Division in a political party is not defined by the constitution. The constitution does not state whether it should be at the national, state or local government level. So, we should allow the judiciary to do its job.”

Arising from this, the judiciary is now doing their job as the interpreter of the Constitution. Don't you think so?

Himtulie247:
Nonsense ! With did our constitution says Cross carpeting is unlawful

In the case between Labour Party and a member of House of Representatives representing Akure North/ South constituency, Hon. Ifedayo Sunday Abegunde. He was elected on the LP’s platform in the Seventh Assembly. He defected to the then Action Congress of Nigeria (ACN) before the end of his tenure, citing a division in his state chapter of the Labour Party.

In a preemptive move, Abegunde sued his former party at the Federal High Court, Akure, urging it to, among others, deem his defection as proper, to enable him retain his seat. He lost at the trial court, the Court of Appeal and up to the Supreme Court.A seven-man panel of the Supreme Court, headed by then Chief Justice of Nigeria (CJN), Mahmud Mohammed, in its judgment on April 17, 2015, ruled against Abegunde, to the effect that his claim of a division in the chapter of his party in his state did not qualify as the division envisaged under Section 68(1)(g) of the Constitution.

In the lead judgment, Justice Musa Dattijo Mohammad noted that it was only a division that made it “impossible or impracticable” for the party to function by virtue of the provision of Section 68(1)(g) of the 1999 Constitution that “justifies a person’s defection to another party.”

Justice Muhammad added: “The principles enunciated by this court in the two cases of FEDECO v Goni supra and Attorney-General of the Federation v Abubakar supra, are to the effect that only such factionalisation, fragmentation, splintering or ‘division’ that makes it impossible or impracticable for a particular party to function as such will, by virtue of the proviso to Section 68(1)(g), justify a person’s defection to another party and the retention of his seat for the unexpired term in the house in spite of the defection.”

Despite the unambiguous constitutional provisions on when a defection is proper and clear interpretations of these provisions by the Supreme Court, its application has, in most cases, been subjected to the whims of the leadership of the National Assembly.Before the current wave of defections rocking the National Assembly ahead of 2019 general elections, Zaphaniah Jisalo (Abuja Municipal Area Council /Bwari Federal Constituency of the Federal Capital Territory) and Ahmed-Tijani Damisa (Okene/Ogori-Magongo Federal Constituency in Kogi State) who were elected on PDP platform defected to APC last year. Their defection made PDP’s members in the House to demand that they vacate their seats.

When the issue was raised on the floor of the House, PDP Minority Whip, Umar Barde demanded that the seats occupied by Jisalo and Damisa be declared vacant in view of the provision of Section 68 (1g) of the constitution, and since the party was no longer divided after the Supreme Court’s resolution of the leadership dispute between Ali Modu Sheriff and Ahmed Makarfi.


The Chairman of the House Committee on Ethics and Privileges, Osai Nicholas Ossai (PDP, Delta), spoke in a similar vein and urged Speaker Yakubu Dogara to invoke Section 68 of the Constitution and declare the defectors’ seats vacant. Dogara declined to accede to the PDP members’ call, but instead, argued that their reliance on Section 68 (1g) to demand that the defectors’ seats be declared vacant was insufficient, adding that the constitution did not define what constituted a division in a political party.

The Speaker was quoted as arguing: “Division in a political party is not defined by the constitution. The constitution does not state whether it should be at the national, state or local government level. So, we should allow the judiciary to do its job.”

Arising from this, the judiciary is now doing their job as the interpreter of the Constitution. Don't you think so?

Rebuttal:

Please note today being 7th of March, 2022; there was never any moment Gov. Sanni claimed/confirmed he is now the Chairman of APC as a party; but rather told the press and the general public that he has been acting for Gov. Buni ever since he travelled.

Events at secretariat were carried out as scheduled (taking of oaths by state chairmen for proper convention this month) and such never constituted overthrowing or sacking anyone.