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Foreign AffairsRe: Video Russian Forces Shoot Down A Ukrainian Jet Mig-29 Over Donbass. by Itogogen: 8:59am On Jun 06, 2022
This is serious.
Foreign AffairsRe: Russia's Massive World War 2 "Victory Day" Military Parade In Moscow (Pix, Vid) by Itogogen: 11:31am On May 09, 2022
H.
PoliticsRe: PDP Leadership: Secondus Vows To Fight On, Refuses To Withdraw Court Case by Itogogen: 8:12am On Sep 23, 2021
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Christianity EtcRe: Fr. Kelvin Ugwu: Wearing Trousers For Ladies Is Not A Sin by Itogogen: 11:17am On Aug 22, 2021
Did prophet Elijah and Jesus wear trouser? What's the biblical evidence that, trouser belongs to men?
PoliticsRe: "Let Your Pressure Go Higher" - FFK Replies Critics On Pantami by Itogogen: 9:35pm On Aug 21, 2021
Okay oo.
PropertiesDesigner Of 1004 Estate In Lagos Dead. by Itogogen(op): 8:38pm On Jun 21, 2021
One of Nigeria’s first four Architecture graduates, Fola Alade, is dead.

Alade died on Saturday at the age of 87, family sources in Aramoko-Ekiti said.

Architectural masterpieces bearing his insignia are the 1004 Housing Estate, Victoria Island, Lagos, defunct Federal Secretariat building, Ikoyi, Lagos and the National Stadium, Surulere, Lagos.

Others are the Remembrance Arcade, Tafawa Balewa Square, Lagos, Satellite Town, Lagos, Nigerian Air Force Base, Ikeja and the Nigerian Institute of Policy and Strategic Studies building, Kuru, near Jos.



Yet others are the National Judicial institute, Abuja and Nigerian Embassy buildings in 11 countries.

Fola Alade graduated from the Nigerian College of Arts & Sciences and Technology, Zaria (now Ahmadu Bello University) in 1961as one of the first four Architecture graduates.

Thereafter, he completed his post graduate studies at the Architectural Association School of Tropical Studies, London in 1965, on a Commonwealth Scholarship.

He was the first Architect to become a Federal Permanent Secretary in 1976, a post he held until his retirement in 1979 after which he established his private practice Fola Alade Associates in 1979.

After his post-professional training, he became an associate of the Royal Institute of British Architects and Architects’ Registration Council of the United Kingdom in 1963.

He joined the Federal Ministry of Works and Housing as a Resident Architect in the old Western Region and later Lagos City Council.

In 1969, he became the first Registrar of the Architects Registration Council of Nigeria. He served as the General Secretary of the Nigerian Institute of Architects.

He was appointed as Pro-Chancellor and Chairman Governing Council of the Federal University of Port Harcourt in 1990.

Speaker, Ekiti House of Assembly, Mr Funminiyi Afuye, in his condolence message described Alade’s demise as a great loss to Ekiti State in particular and to Nigeria in general.

This is contained in a statement by Afuye’s Special Adviser on Media, Mr Tai Oguntayo, on Sunday in Ado-Ekiti.

The Ekiti Assembly speaker eulogised the architectural professionalism of Alade in his life time.

He described the foremost architect as the giant pillar behind the various physical structures of many institutions in Nigeria today.

He said the late architect was a “patriot in the real sense who left his mark on the sands of time.’’

Afuye prayed to God to grant the family the fortitude to bear the loss.


https://m.guardian.ng/news/designer-of1004-flats-housing-estate-in-lagos-fola-alade-is-dead/
Foreign AffairsU.S. Russian Cold War Continues. by Itogogen(op): 4:58pm On Jun 06, 2021
Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves.

Russia Steps up De-Dollarization Efforts
Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic Forum on Thursday that dollar assets will be removed from the National Wealth Fund (NWF) altogether as Washington continues to impose sanctions on Moscow.

According to a translation by Reuters, he told reporters:

The finance minister further revealed that the changes will happen within the next month, after which the fund will likely hold the euro (40%), the yuan (30%), gold (20%), the Japanese yen (5%), and the British pound (5%). The dollar portion of the fund will be replaced by the euro, the yuan, and the pound.

Russia’s National Wealth Fund was initially designed to support the country’s pension system. It forms part of Russia’s gold and currency reserves. According to the publication, it totaled $600.9 billion as of May 27.

Timothy Ash, a senior emerging markets strategist at Bluebay Asset Manager, calls Russia’s decision to ditch the dollar “very political.” He believes that the move is meant to “send a signal” to the Biden administration with the message:

We don’t need the U.S., we don’t need to transact in dollars, and we are invulnerable to more U.S. sanctions.

He noted that this could also be interpreted as a sign that Moscow is expecting more sanctions from the U.S.

Russian President Vladimir Putin has made de-dollarization his country’s key policy in an effort to reduce the Russian economy’s exposure to dollar assets. The multi-year drive to reduce Russia’s vulnerability to U.S. sanctions comes amid deteriorating relations with Washington.

In January, Russia’s central bank published a report showing that gold had surpassed the U.S. dollars in the country’s reserves for the first time. Furthermore, Bitcoin News reported in August last year that Russia and China had been collaborating to reduce their dependence on the U.S. dollar, and trade settlements in USD between the two countries had fallen below 50%.

Link.
https://news.bitcoin.com/de-dollarization-russia-removing-all-us-dollar-600-billion-national-wealth-fund/

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