₦airaland Forum

Aluyi Victor, Portfolio Manager of Elixir Investment Partners Limited, a brokerage firm, testifying at the on-going trial of a former governor of Benue State, Gabriel Suswam, and his Commissioner of Finance, Omadachi Okolobia, on March 2, 2016 told Justice A. R. Mohammed of the Federal High Court, Abuja, that the company was given oral instruction to sell shares belonging to the state.

According to him, sales of the Benue State-owned shares yielded N9,411,078,000.61.

Led in evidence by the prosecuting counsel, Rotimi Jacobs, SAN, he told the court that sometime in January 2014, the company made a presentation to the state’s executive on the need “to consolidate its financial assets in order for it to be properly managed for optimal returns”.

He said, “Elixir got a verbal instruction from the former commissioner to consolidate the shares from various stock brokering houses, which was valued at about N25.5 billion and made up predominantly of Dangote Cement and Julius Berger shares.”

He told the court that the instruction from Okolobia was handed down to the managing director of the company, ordering that the money made from the sales be paid into three different bank accounts.

Based on the instruction, a total of N1 billion was paid to Benue Investment and Property Company Limited, and N5.3 billion to Benue State Ministry of Finance.

He added that a third payment of N3,111,008,018.51 being part of the money made from the sale of the shares, was credited into the Zenith Bank account of Fanffash Resources, a bureau de change firm owned by Abubakar Umar.

A written instruction for the remittance of the proceeds from the sale of shares had already been presented before the court at a previous sitting, and admitted as evidence against the defendants.

He said, “At the point of making payment we however realised that there was no name of Fanffash Resources on the written instruction and we made the observation that the account does not belong to Benue State government or Benue State Ministry of Finance.”

He further noted that another 24 million shares of Dangote Cement was sold in order to mitigate the risk of a substantial drop in the value of the portfolio and a total of N3.7 billion was realised as they had gotten a written instruction to raise N10 billion for the state.

The letter for the instruction to raise N10 billion, and authority to sell block trade at the discount of 15 percent in the stock market were admitted as evidence.

Also accepted as evidence were the certified true copies of the letters of instruction acknowledged by the bank, and forwarded to the company.

Justice Mohammed, thereafter, adjourned to March 22, 2016 for continuation of trial.

http://dailypost.ng/2016/03/02/how-suswam-instructed-me-to-sell-benue-shares-witness/

Almost a month after posting this, it finally made it to the frontpage. Somborri shout.....

RIP...hmmm

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HungerBAD:
The sad thing is.

Today, Ghana is Economically stable than Nigeria, and what did they do to Nigerians trooping every 10 Minutes in their Country? they showed us love.

We should emulate how Ghana shows everybody love into our lives.

Economically stable you said? Bro, I disagree...

Lobatan...where dem wailers ?

What a shame.

Interesting ad.

I saw this and decided to share. Old school rocks.

Now they won't see this...

Men are twice as likely as women to get cancer of the mouth and throat linked to the human papillomavirus, or HPV, one of the most common sexually transmitted infections, researchers say.

For men, the risk of HPV-driven cancers of the head and neck rise along with the number of MouthAction partners, researchers said Friday at the American Association for the Advancement of Science (AAAS) annual meeting in the US capital.

Nearly two out of three of these oral cancers in the United States and most western nations are caused by infection with the HPV 16 strain of the virus, and incidence of cancer is on the rise in recent years, said Gypsyamber D’Souza, who teaches epidemiology at Johns Hopkins University in Baltimore, Maryland.

Middle aged white men are at particularly high risk compared to other races.

She said her research shows that youths are engaging in MouthAction at increasingly young ages, compared to past generations.

“Our research shows that for men, the number of MouthAction partners — as that number increases, the risk of an oral HPV infection increases,” she told reporters.

But with women, the number of sexual partners does not appear to raise the risk.

“Comparing men and women with the same number of sexual partners, a man is much more likely to become infected with oral HPV than a woman.”

Furthermore, women who have a greater number of vaginal sex partners appear to face a lower risk of oral HPV infection, she said.

The reason may be that when women are first exposed to HPV vaginally, they mount an immune response that prevents them from getting an oral HPV infection, she said.

But men do not seem to have equally robust immune responses.

“Men are not only more likely to be infected with oral HPV infection than women, but our research shows that once you become infected, men are less likely to clear this infection than women, further contributing for the cancer risk.”

HPV infection is quite common, and most people clear the virus within a year or two, she said.

In some cases, however, HPV does not go away and can lead to cellular changes in the mouth and throat, which eventually become cancerous.

MouthAction may raise the risk of head and neck cancer by 22 percent, according to a study published January in the Journal of the American Medical Association (JAMA).

http://dailypost.ng/2016/02/13/stop-oral-sex-it-causes-cancer-experts-warn/

Hmmmm...what a sick nation.

solid3:
I disagree with you. You need to listen to some of these pastors first. Those people with him are his ⛪ members, if they were so poor as u claim, how cld the afford the trip.

In fact some of those people u can see there had never flown in an aircraft before.

U gat no sense...

What a shame! I only pity the gullible ones who continue to donate and enrich the so-called pastors.
People should start using their money to buy sense since most of them have none. I will not be surprised to see some fans defending their pastor. They will tell you it is an act of sowing seed. Shioooor!

Oga Wike, explain how you take calculate 150. U dey there or na amaechi tell u.

https://cdn.dailypost.ng/wp-content/uploads/2016/02/Wike-thanksgiving.jpg?712c0b
Rivers State Governor, Nyesom Wike has accused his predecessor, Rotimi Amaechi, of allegedly spending the sum of one hundred and fifty million dollars $150m to finance the 2015 elections of the All Progressives Congress, APC.

Governor Wike made the allegation while speaking at a thanksgiving service held at Saint Peter’s Anglican Church, Rumueprikom, Obio/Akpor Local Government Area of the state.

He said the former governor allegedly spent the huge sum between December 1 and 18, 2014 to sponsor the national election campaigns of APC.

Wike vowed to recover monies belonging to the state, just he called for a comprehensive fight against corruption and canvassed support for the prosecution of all those behind the alleged looting of funds.

The governor further said a plot had been hatched to arrest and detain him before the national and state assemblies rerun elections which had been postponed to March 19, 2016.

Wike restated his earlier declaration that he would not allow the rigging of the rerun elections in the state, warning that any INEC staff who attempts to rig would be treated as an armed robber.

Wike said: “Nothing is impossible with God. We won the election clearly as confirmed by the Supreme Court. If there was a rerun, I wouldn’t have contested because there would have been bloodbath. I resolved not to be part of anything that would bring bloodbath,” he said.

“I am the executive governor of Rivers State and a strong one for that matter. We will support INEC to conduct credible elections. However, any official who plans to rig will get the treatment reserved for armed robbers”, he said.

In his sermon, Archbishop of the Niger Delta Province, Ignatius Kattey, said the victory of Governor Wike at the Supreme Court had brought peace to the state and called on the governor to be the father of all the people of the state.

See photos from the event below.
https://cdn.dailypost.ng/wp-content/uploads/2016/02/image_12098.jpg?712c0b
https://cdn.dailypost.ng/wp-content/uploads/2016/02/image_12031.jpg?712c0b
https://cdn.dailypost.ng/wp-content/uploads/2016/02/image_12083.jpg?712c0b
https://cdn.dailypost.ng/wp-content/uploads/2016/02/IMG-20160207-WA0074.jpg?712c0b

http://dailypost.ng/2016/02/07/2015-elections-amaechi-spent-150m-on-apc-campaign-wike/

https://blog.avacubes.com/wp-content/uploads/2016/02/82913b1e878695068f0f6a70670013c2.jpg

https://blog.avacubes.com/wp-content/uploads/2016/02/bd145d50878795068f0f6a70670035ca.jpg

Eighty-two years after she was born to a teenage girl and put up for adoption, Betty Morrell finally has met her 96-year-old birth mother, thanks to the dogged persistence of her granddaughter during 20 years of searching.

And as a bonus, she has forged a close friendship with a sister she never knew she had.

“After my adoptive parents died, that’s when I started looking,” Betty Morrell said Thursday by phone from her home in Spring Hill, Florida. “Being that it was a closed adoption, it’s like hitting a brick wall because you can’t get any information.”

Morrell was born in 1933 in the central New York town of Utica to Lena Pierce, who named her Eva May. Social welfare officials took the baby away because Pierce, then 13, was herself a ward of the state. Eva May was adopted by a family on Long Island and grew up as Betty Morrell, an only child.

“I grew up a very happy child,” Morrell said. “I was so content in the family I was adopted by.”

She was in her early 30s when she started looking for information about her birth family. She had been told her birth mother had died during childbirth and was shocked when she eventually learned she was still alive.
Morrell’s granddaughter, Kimberly Miccio, started helping with the search when she was 12.

“My grandmother had been looking for a long time,” said Miccio, 32, who now lives with her husband and three children a few minutes away from Morrell. “She had never tried through the Internet, so we started going through different sites.”

It took 20 years, but the breakthrough finally came in September. Miccio got in touch with a distant relative of Morrell’s through Ancestry.com, and that person put her in touch with Millie Hawk of Windsor, New York, one of Pierce’s daughters.

“Kim and I got on the phone and called her,” Morrell said. “I had found my baby sister, who’s 65. We just clicked. It was like we had known each other all our lives.”

Morrell learned she had four sisters and two brothers, and that her mother was alive and well, living in an assisted living apartment complex in Hallstead, Pennsylvania. That’s about 20 miles from where Hawk lives.

“I rushed to my mother’s house to tell her,” Hawk said. “She just sat down in a chair and cried. She said, ‘My Eva May, they found her?’ It was just so emotional.”

Morrell and Miccio flew to Binghamton, near Hawk’s home, last month. Hawk brought their mother to the airport.

“The minute I saw her come through the security door, I just got goosebumps,” Hawk said. “Mother reached for her; Betty said. ‘Mom.’ They hugged and cried.”

“There were a few tears, and shaking,” Pierce said. “It sure was a joy to finally meet up with her. It’s kind of hard when you have a child that you get separated from. I never wanted to give her up.”

Since then, Morrell has been talking regularly with Hawk by phone and Facebook, and they’re planning a get-together in Florida in the spring. She talks less often to Pierce. “Sometimes I have to remind my mother of who I am,” Morrell said. “I say, ‘I’m your long-lost daughter Eva May.'”

Morrell offers encouragement to other adoptees who have contacted her via Facebook, telling of their own searches.

“I say absolutely don’t give up. There’s always something that will link it,” she said. “It’s a lot of work. It took me 50 years.”

http://blog.avacubes.com/woman-82-tracks-down-and-meets-96-year-old-birth-mother/

i see...

bettercreature:
We should give kudos to IWEALA on this one tho they had no gut to implement it

If you have an idea and you don't know how to put it into manifestation, then it is equally as good as nothing. In a nutshell, no commendation for gej and iweala.

AkProsper:
I believe GEJ had a lot to offer BUT...............

A lot that couldn't be done in six years, I see.

Aromas:
And why must he initiate it in the first place since he knew he going to rerun 4 2nd term in office.

He had no clue why he even initiated it in the first place.

President Muhammadu Buhari has disclosed that the Treasury Single Account, TSA, was an initiative of the Goodluck Jonathan administration, but the immediate past government could not enforce it.

Buhari, who disclosed this during an interactive session with Nigerians living in the United Kingdom on the sidelines of the Supporting Syria Conference in London, stated that his administration had been able to block leakages and save N2. 2trn using the same TSA.

According to him, “When we discovered that we were already in trouble, we tried to enforce the TSA. This government did not initiate it, it was the previous government, but it was so unpopular to the previous government.

“For its own reasons, it couldn’t impose it, but when we came and we found out that we were broke, we saw that this is the way to do it.

“We discovered that the NNPC had more than 45 accounts, the ministry of defence and the military had more than 70 accounts; tell me which of the accounts to trace every year.

“So we enforced TSA, we said there must be TSA, and let me tell you by the end of December coming to January this year, last month, we mopped up more than N2.2 trillion.”

http://dailypost.ng/2016/02/05/jonathan-government-created-tsa-but-couldnt-impose-it-buhari/

Quite hilarious...

Keeper Buffon

“You gave them the job, so you should produce them; we are holding you responsible.”

That's how it must be. Someone has to be held accountable, just the same way Jonathan must be held accountable for Dasuki's misdeeds.

OLEH—THERE was confusion in Kwale, headquarters of Ndokwa West Local Government Area, Delta State, Tuesday night, following the sudden death of a 50-year-old pepper soup seller at the sound of sporadic gunshots by police officers.

The deceased, whose identity could not be ascertained at press time, allegedly slumped and died after trembling in shock during the gunshots from men of the Special Anti-Kidnapping Squad of Delta State Police Command, who stormed the area to arrest the National President of Ndokwa Youths Alive Progressive Forum, NYAPF, Mr. Ozegbe Adoh.

Adoh was apprehended on allegations of involvement in the vandalism of the Independent Power Plant at Okpai in Ndokwa East Local Government Area last year.

The police, sources said, had invaded a shop close to the deceased’s pepper soup restaurant at Esumpi Road, where Adoh was relaxing with his friends at about 8p.m., shooting sporadically into the air.

“The deceased was not hit by stray bullets, but was visibly overwhelmed by shock at the sound of the gunshots, which made him to slump,” a source, who craved anonymity, said.

Contacted, Police Public Relations Officer of the command, Celestina Kalu, said Adoh was a fleeing prime suspect in the vandalism of the power plant.

She said men of the Special Anti-Kidnapping Squad had reported a case of vandalism of the IPP via a petition by the Nigeria Agip Oil Company on November 19, 2015.

Kalu said intensive surveillance of the team resulted in Adoh’s arrest, saying investigation was in progress.

http://www.vanguardngr.com/2016/02/pepper-soup-seller-slumps-dies-at-the-sound-of-gunshots/