₦airaland Forum

The Economic and Financial Crimes Commission on Thursday declared wanted the man managing Senate President Bukola Saraki’s property company, Mr. Kennedy Izuagbe, for alleged N3.6bn money laundering.

Izuagbe, managing director of Carlisle Properties and Investment Limited, a firm said to be owned by Saraki, was alleged to have conspired with others to launder the said amount while he was the Managing Director of the defunct Societe Generale Bank.

The Deputy Director in the office of the Attorney-General of the Federation, M.S. Hazzan, had, in charges filed against the Senate President, said he owned Carlisle Properties Limited.

The Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, said in a statement on Thursday that Izuagbe, a 45-year-old banker, was declared wanted because he could not be reached by the anti-graft agency.

Uwujaren said that Izuagbe, a native of Iviukhua village, near Agenebode, in the Etsako Local Government Area of Edo State had fled the country.

He said, “Kennedy Izuagbe, a former director of Societe Generale Bank Nigeria Plc and Managing Director of Carlisle Properties and Investment Limited, has been declared wanted by the Economic and Financial Crimes Commission.

“Izuagbe, 45, who is being investigated in a case of conspiracy and money laundering to the tune of over N3.6 bn, has gone into hiding and all efforts to reach him have proved abortive.

“He is linked to the several shady deals and gross financial misconducts that took place in the bank, in which several millions of Naira were granted as loan without due diligence.

“The suspect, who is believed to have fled the country, is a native of Iviukhua village, near Agenebode, Etsa...
Read the full news here: http://michelleosablog.com/blog/blog/2015/09/18/efcc-declares-sarakis-firm-md-izuagbe-wanted/

THE Senate was told, yesterday, that the Federal Government has invested a N2.74 trillion in Nigeria’s power sector over the last 16 years (1999 to date).

The investments were made during the regimes of former President Olusegun Obasanjo; his successor, late President Umaru Yar’Adua, and President Goodluck Jonathan.

The Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, and the Managing Director, Niger Delta Power Holding Company, NDPHC, Mr. James Olotu, disclosed this before a Senate Ad-hoc Committee probing the power sector from 1999 till date.

Furthermore, Olotu revealed that contrary to popular belief, the National Integrated Power Projects, NIPPs, which gulped about $8.23 billion or N1.64 trillion were actually being funded from the Excess Crude Account, rather than from ministerial provisions.

Power in military era

Speaking further, Ambassador Igali told the Senate that former military Heads of state, who ruled the country from the overthrow of former President Shehu Shagari, up to 1999, when democracy was reinstituted, crippled the power sector.

According to Igali, this is because the successive regimes not only failed to recruit the relevant engineers for 19 years, but also failed to invest in the power sector during their reigns.

He disclosed that out of the 79 power generation units, only 19 were functioning at that time, adding that no new power plant was constructed from 1991 to 1999.

He recalled that the last plant, Shiroro was built in 1991, long before the emergence of Obasanjo as president in 1999, adding that consequently, the power sector depreciated rapidly due to lack of consistent investment and funding until Obasanjo began the power reforms.

Democracy brought improvement

Igali said further: “When democracy came, the government inherited the sector that had not made capital investment for a long time and not a single engineer was recruited in 19 years.

Despite the effort at investment by government, we have not been able to invest in a consistent manner in the power sector.

“Investment from government and the private sector must go up gradually but consistently, as fluctuation will not help our economic development.

I do know that despite government’s effort at funding the power sector, the nation continues to experience epileptic power supply. However, it takes time to stabilise.”

He equally recalled that when Obasanjo came to power in 1999, electricity generation capacity was a mere 1,750 MW, noting that in view of the volume of investment required, the Ministry had to bring in the private sector which resulted into a reasonable improvement from what it used to be.

Funds appropriation

Igali further disclosed that despite the sector’s need, budgetary votes were seldom released fully, noting that the country cannot realise the full benefit of any investment in power unless the value chain elements – generation, transmission and distribution were also revamped.

He gave a breakdown of the appropriation and money released from 1999 to 2015 as follows:

*1999 – N11.206 billion appropriated, N6.698billion released;
*2000 – N59.064billion appropriated, N49,785 billion released;
*2001 – N103. 397 billion appropriated, N70.927 billion released;
*2002 – N54.647billion appropriated, N41.196 billion released;
*2003 – N55.583billion appropriated, N5.207billion released;
*2004 – N54.647billion appropriated, N54. 647billion released

Read on : http://michelleosablog.com/blog/blog/2015/09/09/power-obasanjo-yaradua-jonathan-spent-n2-74trn-in-16-years/

Hello friends, am here to share with the house some few tips on how to take care of our eyes!


Eye disorders are on the rise worldwide and many of these different eye conditions can impact vision negatively.

As we age, the risk for common eye complications such as macular degeneration and cataracts increases.

Here are some ways to prevent these from occurring:

1. Avoid straining your eyes: Eye strain is at an all-time high, due to the fact that we spend amount of time sitting in front of our computers, televisions, cell phones and other electronic devices that we use daily.

2. Eat healthy diets: It is important to ensure that we eat a healthy diet of nutrient-rich foods, vitamins, minerals and antioxidants in order to mitigate all these factors contributing to poor eyesight and health. Examples are oranges, carrots, pumpkins, spinach and peanuts.

3. Drink plenty of water: Bright eyes rely on adequate hydration, and keeping your body hydrated will help replenish your body’s fluid.

Thus reducing puffiness and redness in your eyes. Drink 8 to 10 glass of plain water everyday.

4. Sleep 7 to 8 hours at night: Getting enough sleep every night will ensure that your body is rested and consequently that your eyes are rested and restored to their natural white colour.

5. Intake of daily supplement: Daily dietary supplement is intended to specifically boost eye health and overall well-being such as VISION PLUS.

This supplement is a comprehensive formula that utilizes these and many other essential nutrients to support and enhance vision health in all groups and ages.



Please feel free to add other suggestions that works!

Nollywood actress, Genevieve Nnaji has often been described as the queen of Nollywood, and with the large number of men who have confessed to having huge crushes on her, it is only right to also crown her the Queen of Hearts.

There must be something about the ebony-hued innocent looking damsel from Mbaise, Imo State for many of her colleagues’ fantasies to revolve around her.

“Perhaps it’s her public conduct? It is pertinent to note that though the mother-of-one who has been in the limelight for quite a while, she doesn’t have much scandals compared to her contemporaries who have been engulfed by controversies.

Or maybe it’s her beauty; graceful elegance that always sets her apart in a crowd.“While we may never know what it is, we will take a look at some of the famous stars who have had, and still have crushes on the ‘Ije: The Journey’ star.

D’BANJ
Honestly, I’m not dating Genevieve. Let me clear the air now. I never ..
http://michelleosablog.com/blog/blog/2015/09/05/names-of-entertainers-who-have-crushes-on-genevieve-nnaji/