₦airaland Forum

Venezuelans need 100,000 bolivar to buy a stick of cigarette and one billion to buy a pair of reading glasses and 119,900 Venezuela’s bolivar to exchange for one United States dollar.

The economy of Venezuela, an oil exporter like Nigeria, has gone fully bonkers. Inflation projected to hit 14,000 percent this year, has been reset by the International Monetary Fund to a mind-boggling one million percent.

Prices and inflation are rising so fast that the highest denomination bank notes minted in 2016 are already practically worthless. The biggest of those, 100,000 bolivars, would have bought five kilograms (11 pounds) of rice in 2017, now it’s barely enough for a single cigarette.

“If inflation continues at 100 percent a month,” the new 500 bolivar note, which will be the largest following the currency redenomination on August 20, “will be obsolete by December,” said economist Leonardo Vera.

Currently, a pair of reading glasses can cost one billion bolivars (about $300 on the black market). It would require 10,000 of the country’s largest bank note to pay for those in cash.

Some shops had resorted to weighing bank notes to determine their value rather than arduously counting them out.

Unsurprisingly, cash has practically vanished and electronic transfers reign.

Currently, a pair of reading glasses can cost one billion bolivars (about $300 on the black market). It would require 10,000 of the country’s largest bank note to pay for those in cash.

But few people could afford to buy those glasses anyway given they cost 200 times the minimum wage of five million bolivars a month.

As the country grapples with a financial and humanitarian crisis, shortages of food and medicines, and failing public services such as water, electricity and transport, President Nicolas Maduro is planning to zapping five zeros off Venezuela’s almost worthless currency. In March he had announced that he would strike three zeros off the bolivar bank notes, before upping that to five.

The question is how will this latest drastic move help drag Venezuela into recovery?

Henkel Garcia of economics consultancy Econometrica said the latest move of redenominating the bolivar is merely a “partial acknowledgement” of the hyperinflation crisis but “needs to be accompanied by economic reform in order to stop it,” said .

Venezuela has already been down this road, 10 years ago when Maduro’s predecessor Hugo Chavez tried the same trick by deleting three zeros.

“The redenomination in 2008 was a failure because we still ended up with hyperinflation,” said Asdrubal Oliveros, an economist with Ecoanalitica, another economics consultancy.

“The redenomination was made without accompanying policies to combat inflation so it didn’t tackle the causes.”

In the short term the move was a “transactional success,” said Garcia, but by “not containing inflation, that was completely lost.”

The government blames inflation on the opposition and the United States but, in reality, financing of the fiscal hole caused the monetary base to increase 250 fold in two years.

Industry and production minister Tareck El Aissami said the redenomination aims to “improve the spending power of the working classes.”

One tangible advantage, though, will be to ease the pressure on technology systems that are at breaking point due to transactions that run into billions of bolivars.

Many supermarkets, for example, have to divide sales into more than one transaction as their systems are limited to figures of 20 million.

“The monetary redenomination is to prevent the collapse of businesses’ financial systems: every transaction costs hundreds of millions or billions,” said Vera.

Practically the only product untouched by the inflation in this oil-rich country is petrol, which is why it is the cheapest in the world. A single dollar at its black market value could buy 3.3 million litres of petrol. Absurdly, once the redenomination is complete, a half bolivar — currently 50,000 bolivars, or less than two cents on the black market — would buy 50,000 litres.

Banking is affected too, with a source telling AFP that “there’s a real possibility of collapse.”

Practically the only product untouched by the inflation in this oil-rich country is petrol, which is why it is the cheapest in the world. A single dollar at its black market value could buy 3.3 million litres of petrol. Absurdly, once the redenomination is complete, a half bolivar — currently 50,000 bolivars, or less than two cents on the black market — would buy 50,000 litres.

Such a distortion makes it likely the government will be forced to adjust the price of fuel and other heavily-subsidized goods and services.

What could complicate matters, though, is if the government decides to run the old and new currencies concurrently, affecting small payments.

Currently it costs 50 bolivars to fill the tank of a small car. That transaction under the new currency would cost a half centimo — but the bolivar subunit centimo was long made obsolete by inflation.

Maduro has shown limited signs of applying measures to confront the crisis, suggesting he might ease controls on currency exchange, currently monopolized by the government.

Imports of raw materials and machinery will be exempt from tariffs to try to encourage production in the country.

But these measures will only work “if there is economic stability that attracts investment,” said economist Luis Vicente Leon.

https://www.financialwatchngr.com/2018/07/29/venezuelas-inflation-hits-1-million-as-currency-exchanges-119900-bolivar-to-1/

cc: dominique, FOD, puskin, naijacutee

Access Bank Plc is a financial institution with presence in 9 countries in Africa and the United Kingdom and in all major cities in Nigeria. Also referred to as the Africa's Bank of Best Practise, Access Bank operates on a platform of strong ethics, governance and professionalism.

We are seeking applications from suitably qualified candidates to fill the following positions:

1.) Access Bank Plc Entry-level Graduate Trainee Recruitment 2018

Click Here To View Details


2.) Access Bank Plc Frontline Internship Programme 2018 (Nigeria)

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3.) Access Bank Plc Frontline Internship Programme 2018 (Ghana)

Click Here To View Details


Application Closing Date


Not Specified.

How to Apply

Interested and qualified candidates should:

Click here to apply online

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Julius Berger Nigeria Plc (Julius Berger) is a leading construction company offering integrated solutions and related services. Julius Berger specializes in executing complex works that require the highest level of technical expertise and Nigeria-specific know how.

We appreciate your interest in our company. Our success largely depends on the passion, precision and competence of our employees from. Become part of our team and help us in the realization of innovative and pioneering engineering projects. Experienced professionals and young professionals, we offer opportunities in technical and commercial fields. Take the chance and apply online with us.

We are recruiting to fill the following positions below:

1.) Junior Construction Manager, Building Construction

Location: Lagos

Click Here To View Details


2.) Internal Service Engineer (Offspring)

Location: Lagos

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3.) Engineer

Location: Lagos

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4.) Junior Construction Manager, Infrastructure

Location: Lagos

Click Here To View Details


5.) Indoor Service Engineer (Aluminum Facade)

Location: Abuja

Click Here To View Details


6.) Electrician, Construction Site Equipment

Location: Abuja

Click Here To View Details


7.) Automotive Electrician

Location: Abuja

Click Here To View Details


Application Closing Date

Not Specified.

How to Apply

Interested and qualified candidates should:
[url=https://translate.google.com/translate?hl=en&sl=de&tl=en&u=https%3A%2F%2Fcareer.julius-berger-int.com%2Findex.php%3Fac%3Djobad%26id%3D203]Click here to apply online
[/url]

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The Dangote Group is a diversified and fully integrated conglomerate with interests across a range of sectors in Nigeria and Africa. Current interests include Cement, Sugar, Flour, Salt, Pasta, Beverages, Noodles, Poly Products, Transportation and real estate with new initiatives in the Oil and Gas, Telecommunication, Fertilizer and Steel sector of the economy.

We are recruiting to fill the following positions below:

1.) Plant Manager

Location: Rivers

Deadline: 24th July, 2018.

Click Here To View Details

2.) HR & Admin Manager

Location: Rivers

Deadline: 24th July, 2018.

Click Here To View Details

3.) Plant Accountant

Location: Rivers

Deadline: 24th July, 2018.

Click Here To View Details

4.) IT Project Manager

Location: Lagos

Deadline: Not Specified

Click Here To View Details

5.) Static Modeler

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

6.) Senior Facility Engineer

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

7.) Production Manager

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details


8.) Senior Drilling and Completion Engineer

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

9.) Principal Petroleum Engineer

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

10.) Geoscientist

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

11.) Dynamic Modeler

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

12.) Senior Well Engineer

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

13.) Senior Development Geologist

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details

14.) Senior Geologist, Unconventional Tar Sand

Location: Lagos

Deadline: 31st July, 2018.

Click Here To View Details


Method of Application

Interested and qualified candidates should:
Click here to apply online

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davide470

China National Electric Engineering Co., Limited (abbr. CNEEC), is a state-owned professional international engineering company. It is has been listed in the top 225 International Contractors for years by ENR, USA.

CNEEC provides one-stop engineering services of consultation, financing, engineering, procurement, construction, operation maintenance and rehabilitation and is mainly engaged in EPC contracting, complete equipment supply, engineering consultation, engineering design, project management & supervision, installation & commissioning, technical service, power plant maintenance & operation and personnel training in the fields, both at home and abroad.

The management of Sinohydro Zungeru Hydro Electric Power project Calls for Applicants in the following positions below in Abuja and Niger:

1.) Mobile Crane Operator

Slot: 30 Openings

Click Here To View Details


2.) Tower Crane Operator

Slot: 10 Openings

Click Here To View Details


3.) Equipment Mechanic

Slot: 30 Openings

Click Here To View Details


4.) Machine Turner

Slot: 20 Openings

Click Here To View Details


5.) Fitter Worker

Slot: 20 Openings

Click Here To View Details


6.) Tipper Truck Driver

Slot: 200 Openings

Click Here To View Details


Applications Closing Date

Not Specified.

How to Apply

Interested and qualified candidates should send their CV’s to: aliyuz1010@gmail.com

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davide470

Barau Dikko Teaching Hospital (BDTH), Kaduna - The Management of Barau Dikko Teaching Hospital (BDTH), Kaduna invites applications from suitably qualified candidates to fill the following vacant position below:

1.) Quantity Surveyor

Click Here To View Details


2.) Architect

Click Here To View Details


3.) Post Basic Nurse (Orthopedic)

Click Here To View Details


4.) Post Basic Nurse (Peri-operative)

Click Here To View Details


5.) Civil Engineer

Click Here To View Details


6.) Post Basic Nurse (Anesthesia)

Click Here To View Details


7.) Post Basic Nurse (Intensive Care)

Click Here To View Details


8.) Audiologist

Click Here To View Details


9.) Legal Officer

Click Here To View Details


10.) Chief Security Officer

Click Here To View Details


11.) Accountant II

Click Here To View Details


12.) Administrative Officer II

Click Here To View Details


13.) Radiographer

Click Here To View Details


14.) Medical Officer

Click Here To View Details


15.) Resident Doctor (Family Medicine)

Click Here To View Details


16.) Resident Doctor (Chemical Pathology)

Click Here To View Details


17.) Resident Doctor (Haematology and Blood Transfusion)

Click Here To View Details


18.) Resident Doctor (Obstetrics and Gynecology (O&G))

Click Here To View Details


19.) Resident Doctor (Medicine)

Click Here To View Details


20.) Resident Doctor (Microbiology)

Click Here To View Details


21.) Medical Consultant (Cardiologist)

Click Here To View Details


22.) Medical Consultant (Plastic Surgeon)

Click Here To View Details


23.) Medical Consultant (Nephrologist)

Click Here To View Details


Application Closing Date

27th August, 2018.

Application Closing Date
27th August, 2018.

How to Apply

Interested and qualified candidates are required to submit ten (10) copies each of hand written Applications, detailed Curriculum Vitae and photocopies of relevant credentials. The applications and supporting documents should be in a sealed envelope, and post applied for should be written at the top left corner of the envelop and addressed to:

The Chief Medical Director,
Barau Dikko Teaching Hospital,
P.O.Box 9727, Lafiya Road,
Kaduna,
Kaduna State.

Lalasticlala
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davide470

United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria, UBA has grown to become a Pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the following vacant positions below:

1.) Graduate Regional Control Officer

Locations: Adamawa, Anambra, Lagos, Rivers, Taraba

Deadline: 23rd July, 2018.

Slot: 6 Openings

Click Here To View Details


2.) Graduate Trainee Recruitment

Location: Lagos

Deadline: 1st August, 2018

Slot: Multiple Openings

Click Here To View Details


3.) Entry Level Recruitment

Location: Lagos

Deadline: 1st August, 2018

Click Here To View Details


https://www.financialwatchngr.com/2018/07/16/united-bank-for-africa-plc-uba-fresh-graduate-entry-level-job-recruitment/

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davide470

The Economic and Financial Crimes Commission (EFCC) has warned of an imminent arrest of the Ekiti State Governor Ayodele Fayose via a Twitter post it released on Sunday, over a failed poultry project.

Fayose’s administration had been accused of funds misappropriation over a poultry project, much earlier before his second coming as Ekiti State governor, but he has been shielded from arrest with the constitutional immunity.

Though Fayose’s name is not mentioned in the tweet, but the case being referred to can easily be traced to him.

https://www.financialwatchngr.com/2018/07/15/breaking-efcc-warns-fayose-of-impending-arrest/

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davide470

Eko Maintenance Limited is a rapidly growing Facility Management Company that specializes in maintenance of high rise building facilities with office located in Victoria Island, Lagos. In view of our quest for expansion, we are currently recruiting to fill the following positions below in Lagos State:

1.) Quantity Surveyor

Deadline: 16th August, 2018.

Click Here To View Details


2.) MEP (Mechanical, Electrical and Plumbing) Supervisor

Deadline: 21st July, 2018.

Click Here To View Details


3.) Store Manager

Deadline: 24th July, 2018.

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4.) HSE Officer

Deadline: 21st July, 2018.

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5.) Electrical Supervisor

Deadline: 21st July, 2018.

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6.) Experienced Carpenter

Deadline: Not Specified.

Click Here To View Details


7.) Corporate Driver

Deadline: 21st July, 2018.

Click Here To View Details


8.) Plumber

Deadline: 19th July, 2018.

Click Here To View Details


Application Clsoing Date
21st July, 2018.

Method of Application

Interested and qualified candidates should send their CV's to: recruitment@ekomaintenance.com

Lalasticlala
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davide470

Elizade University is a private University situated in Ilara-Mokiri, Ondo State, Nigeria. The University aims to be an institution with the best traditions in the production of self-reliant, ethics-conscious, globally competitive graduates imbued with requisite skills, competencies and ability to be key players in the nation's quest for socio-economic and technological development.

The University hereby invites applications from suitably qualified, innovative versatile and proactive candidates to occupy the following academic and non-teaching positions below:

1.) Professor (Computer Engineering)

Click Here To View Details


2.) Professor (Mechanical Engineering)

Click Here To View Details


3.) Professor (Information & Communication Technology (ICT))

Click Here To View Details


4.) Professor (Applied Geophysics)

Click Here To View Details


5.) Professor (Mass Communication)

Click Here To View Details


6.) Professor (Law)

Click Here To View Details


7.) Associate Professor (Computer Engineering)

Click Here To View Details


8.) Professor (Human Resource Management)

Click Here To View Details


9.) Associate Professor (Mechanical Engineering)

Click Here To View Details


10.) Associate Professor (Information & Communication Technology (ICT))

Click Here To View Details


11.) Associate Professor (Applied Geophysics)

Click Here To View Details


12.) Associate Professor (Mass Communication)

Click Here To View Details


13.) Associate Professor (Law)

Click Here To View Details


14.) Senior Lecturer (Computer Engineering)

Click Here To View Details


15.) Chief Planing Officer

Click Here To View Details


16.) Associate Professor (Human Resource Management)

Click Here To View Details


17.) Senior Lecturer (Mechanical Engineering)

Click Here To View Details


18.) Senior Lecturer (Information & Communication Technology)

Click Here To View Details


19.) Senior Lecturer (Applied Geophysics)

Click Here To View Details


20.) Senior Lecturer (Mass Communication)

Click Here To View Details


21.) Senior Lecturer (Law)

Click Here To View Details


22.) Senior Lecturer (Human Resource Management)

Click Here To View Details


23.) Lecturer I (Performing and Film Arts)

Click Here To View Details


24.) Lecturer I (Business Administration)

Click Here To View Details


25.) Principal Planing Officer

Click Here To View Details


26.) Director, Centre for Entrepreneurship

Click Here To View Details


27.) Director, ICT

Click Here To View Details


28.) Senior Planing Officer

Click Here To View Details


29.) Lecturer II (Business Administration)

Click Here To View Details


30.) Web Manager

Click Here To View Details


31.) Lecturer II (Performing and Film Arts)

Click Here To View Details


32.) Plumbing Supervisor

Click Here To View Details


33.) Water Treatment Attendant

Click Here To View Details


Application Closing Date


9th August, 2018.

Application Closing Date: August 9, 2018

How To Apply

Interested and qualified candidates should forward ten (10) copies of their Application and Credentials detailed Curriculum Vitae (CV) and three Referee Reports. The CV should, among other information, include the following in this order:

Personal Data:

1. Full name
2. Date of Birth
3. Place of Birth
4. Nationality
5. State of Origin
6. Local Government Area
7. Permanent Home Address
8. Contact Address
9. Phone number
10. Email address
11. Marital Status
12. Number and ages of children
13. Physical disability/challenges
14. Educational Background (with dates)
15. Work experience (with dates)
16. Membership of professional bodies
17. Any other relevant information

All Applications and Referees reports should be sent to the address below:

The Registrar,
Elizade University,
Ilara-Mokin,
Ondo State.

Citibank Nigeria Limited, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services.

We are recruiting to fill the following positions below in Lagos State:

1.) Credit Risk Analyst (Manager/AVP)

Click Here To View Details


2.) KYC Analyst

Click Here To View Details


3.) Corporate Bank Head

Click Here To View Details


Application Closing Date

Not Specified.

https://www.financialwatchngr.com/2018/07/11/citibank-nigeria-limited-fresh-job-recruitment/

Lalasticlala
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davide470

Coscharis Group Limited - We are a reputable conglomerate with strong presence in automobile (having franchise of premium cars/vehicles) and with business interests in other major sectors of the economy and recently, we have ventured into commercial agriculture

We seek creative, talented and result-oriented individuals who are focused and career minded. At Coscharis group, you will have endless possibilities of receiving technical, products and sales training(Locally and Abroad), career development and rewards for your contributions to the company’s growth.

We are recruiting to fill the following positions below:

1.) Workshop Controller

Location: Unspecified.

Click Here To View Details


2.) After Sales Manager

Location: Unspecified.

Click Here To View Details


3.) Spare Parts Warehouse Controller

Location: Unspecified.

Click Here To View Details


4.) Technician (Mechanical)

Location: Unspecified

Click Here To View Details


5.) Sales Executive (Spare Parts)

Location: Unspecified

Click Here To View Details


6.) Technician (Electrical)

Location: Unspecified.

Click Here To View Details


7.) Customer Care Executive

Location: Abuja

Click Here To View Details


Application Closing Date


Not Specified.

https://www.financialwatchngr.com/2018/07/10/coscharis-group-limited-latest-job-recruitment-7-vacancies/

L

Deloitte is the largest private professional services network in the world. Every day, approximately 263,900 professionals in more than 150 countries demonstrate their commitment to a single vision: to be the standard of excellence, while working towards one purpose - to make an impact that matters.

Deloitte West Africa is a cluster of Deloitte offices that has joined together to provide seamless cross-border services to our clients in the region and to pass on the benefits of scale and access to resources that this organization can generate. Our West Africa practice serves multinationals, large national enterprises, small and medium-sized enterprises and the public sector across these regions: Nigeria and Ghana.
We are recruiting to fill the following vacant positions below:

1.) Energy Sector Advisor/ Environment Specialist

Location: Abuja

Click Here To View Details


2.) Events & Training Coordinator

Location: Abuja

Click Here To View Details


3.) Gender Specialist

Location: Abuja

Click Here To View Details


4.) Communications Specialist

Location: Abuja

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5.) Financial Analyst

Location: Abuja

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6.) Senior Accountant

Location: Abuja

Click Here To View Details


7.) Administrative Assistant

Location: Abuja

Click Here To View Details


8.) IT Lead

Location: Abuja

Click Here To View Details


9.) Donor Coordinator

Location: Abuja

Click Here To View Details


10.) Social/Community Engagement Specialist

Location: Abuja

Click Here To View Details


11.) Monitoring & Evaluation Advisor

Location: Abuja

Click Here To View Details


12.) Governance, Regulatory & Risk Senior

Location: Abuja

Click Here To View Details


13.) Manager to Senior Manager

Location: Abuja

Click Here To View Details


14.) Senior Analyst

Location: Abuja

Click Here To View Details


Application Closing Date


Not Specified.

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davide470

The Dangote Group is a diversified and fully integrated conglomerate with interests across a range of sectors in Nigeria and Africa. Current interests include Cement, Sugar, Flour, Salt, Pasta, Beverages, Noodles, Poly Products, Transportation and real estate with new initiatives in the Oil and Gas, Telecommunication, Fertilizer and Steel sector of the economy.

We are recruiting to fill the following positions below in Lagos State:

1.) Dispatch Rider

Deadline: 12th July, 2018.

Click Here To View Details


2.) Civil Engineer

Deadline: 12th July, 2018.

Click Here To View Details


3.) Draftsman

Deadline: 12th July, 2018.

Click Here To View Details


4.) Plant Accountant

Deadline: 12th July, 2018.

Click Here To View Details


5.) HR & Admin Manager

Deadline: 12th July, 2018.

Click Here To View Details


6.) Regional Commercial Manager

Deadline: 12th July, 2018.

Click Here To View Details


7.) Forklift Operator

Deadline: 12th July, 2018.

Click Here To View Details


8.) Field Sales Officer

Deadline: 12th July, 2018.

Click Here To View Details


9.) Fraud and Forensic Audit Manager

Deadline: 12th July, 2018.

Click Here To View Details


10.) Static Modeler

Deadline: 31st July, 2018.

Click Here To View Details


11.) Senior Facility Engineer

Deadline: 31st July, 2018.

Click Here To View Details


12.) Production Manager

Deadline: 31st July, 2018.

Click Here To View Details


13.) Senior Drilling and Completion Engineer

Deadline: 31st July, 2018.

Click Here To View Details


14.) Principal Petroleum Engineer

Deadline: 31st July, 2018.

Click Here To View Details


15.) Geoscientist

Deadline: 31st July, 2018.

Click Here To View Details


16.) Dynamic Modeler

Deadline: 31st July, 2018.

Click Here To View Details


17.) Senior Well Engineer

Deadline: 31st July, 2018.

Click Here To View Details


18.) Senior Development Geologist

Deadline: 31st July, 2018.

Click Here To View Details


19.) Senior Geologist, Unconventional Tar Sand

Deadline: 31st July, 2018.

Click Here To View Details


Method of Application

Interested and qualified candidates should send their CV’s and Cover Letter (with the relevant position included in the subject line of your email) to: NASCONcareers@dangote.com

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davide470

CHECK THE LIST HERE (PDF COPY)


NDA AFSB Full List Of Shortlisted Candidates for 70th Regular Course 2018: List of Successful Candidates for 70 Regular Course Armed Forces Selection Board Screening.

The management of Nigerian Defence Academy (NDA) Armed Forces Selection Board (AFSB) wishes to inform all candidates who participated in the Nigerian Defence Academy Screening Test (NDAST) held on 19th May 2018, that list of successfully shortlisted candidates for the interview has been released.

All successful candidates whose names appeared on the attached PDF document are to come for interview before the Armed Forces Selection Board (AFSB) starting from June 23rd-6th August 2018, at the Nigerian Defence Academy RIBADU Campus, KADUNA. Candidates will appear before the AFSB in 2 Batches as follows:

Batch 1: Candidates from the under-listed states are to report to NDA on Saturday 23 June 2018:

Abia
Anambra
Bauchi
Borno
Cross River
Enugu
Ekiti
Gombe
Jigawa
Katsina
Kwara
Lagos
Nasarawa
Ondo
Oyo
Taraba
Yobe
Sokoto
FCT

Batch 2: Candidates from the under-listed states are to report to NDA on Saturday 14th July 2018:

Akwa Ibom
Adamawa
Bayelsa
Benue
Delta
Edo
Ebonyi
IMO
Kano
Kaduna
Kebbi
Kogi
Niger
Ogun
Osun
Rivers
Plateau
Zamfara
NDA AFSB Full List Of Shortlisted Candidates for 70th Regular Course 2018

Candidates whose names appeared on the attached PDF below has been shortlisted to appear for the interview at the Nigerian Defence Academy (NDA) Armed Forces Selection Review.

IMPORTANT NOTICE:

Shortlisted candidates who fail to report on Saturday 23rd June and Saturday 14th July, 2018 for Batches 1 and 2 respectively, will NOT be allowed to attend the interview.
All candidates will undergo a screening exercise which will involve certificates/credentials screening, medical and physical fitness tests amongst others. Only candidates who pass the screening exercise will qualify to continue with the interview.
Candidates who are coming to KADUNA for the first time should log on to NDA website for brief description on how to locate the venue of the AFSB.
NDA AFSB Screening Requirements:

Candidates MUST bring along the original and 2 photocopies each of the following documents:

JAMB UTME Result Slip 2018.
Acknowledgement Form and NDA Examination Admission Card.
Academic Certificates / Statements of Result and Testimonials for Primary and Secondary Schools (Junior and Senior).
Birth Certificate or Declaration of Age, preferably Birth Certificate
Letter of Attestation of State/Local Government Indigeneship duly signed by the SSG or Chairman of Local Government, as the case may be. Certification obtained from a military officer from the candidate’s state of origin, who must be of the rank of Lieutenant Colonel and above or equivalent in the Nigerian Navy and Nigerian Air Force, may be used in place of Local Government Indigeneship Certificate. In this case, the officer must indicate his formation/unit, appointment, contact address, phone numbers and e-mail address. The officer must also affix formation/unit stamp and sign.
Letter of Consent from Parent/Guardian.
Candidates are to download both the Attestation and Letter of Consent Forms from the NDA applications portal/NDA website and complete same. Candidates who fail to bring along the documents listed above will be disqualified. Any ALTERATIONS on the documents will attract outright disqualification.

Candidates are to also bring along with the following items:


Writing materials.
Three blue shorts and 3 white (round-neck) T-shirts.
A pair of white canvas shoes and 3 pairs of white socks.
Toiletries.
A non-refundable fee of N2, 500.00 each for verification/confirmation of results at WAEC/NECO.
Scratch cards for WAEC and/or NECO results for online confirmation of the result.
Four recent coloured passport photographs.
The second copy of Postcard Photograph that was presented and endorsed at the Exam Centre during the NDA Screening Test.
Transport money to and from Kaduna.

CHECK THE LIST HERE (PDF COPY)


https://schoolnewsngr.com.ng/2018/06/02/nda-releases-list-of-candidates-for-70th-regular-course-2018/

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davide470

nice one frsc

FRSC recruitment 2018 begins – Apply now


FRSC recruitment 2018 begins – Apply now: The Federal Road Safety Corps has commenced the process of recruitment as approved by the Federal Government of Nigeria by opening its portal to receive applications from suitably qualified candidates for employment into the various cadres of the Corps, namely, the Officer cadre, Marshal Inspectorate cadre, and the Road Marshal Assistant cadre in a nationwide recruitment exercise.

According to the Corps Public Education Officer, Bisi Kazeem, for the Officer cadre, candidates are expected to possess a first degree from recognized institutions, NYSC Discharge Certificates, and must not be more than 30 years of age.

For the Marshal Inspectorate cadre, he explained that there are three subcategories namely, Marshal Inspector I (MI-I), Marshal Inspector II (MI-II), and Marshal Inspector III (MI-III). According to him, the requirements for MI-I are Higher National Diploma from recognized Institutions, NYSC discharge certificates, Registered Nurse and Midwife, and must equally not be more than 30 years of age.

The requirements for MI-II are Nigeria Certificate of Education, Registered Nurse or Registered Midwife. Applicants to this cadre must not be more than 28 years of age. For MI-III, Applicants must possess National Diploma (ND), Community Health Extension Workers Certificate, and must equally not be more than 28 years of age.

Application into the category of RMAII requires a minimum of 5 credits in SSCE/GCE/NECO/NABTEB and must include Mathematics and English Language. For RMAIII, the requirement is a minimum of 3 credits in SSCE/GCE/NECO/NABTEB. Applicants into the two categories of RMAs must not be more than 27 years of age.

He stressed that Artisans and Tradesmen equally fall into the same categories of RMAs, however, they must possess a minimum of 4 passes in SSCE/GCE/NECO/NABTEB, have Trade test or other professional Certificates, valid class of Drivers licence (for drivers and bikers), and must not be more than 28 years of age.

Kazeem stated that applications to any of the above listed cadres will be done through FRSC website (www.recruitment.frsc.gov.ng), and shortlisted candidates are expected to come along with a print out of their forms as well as the acknowledgement slip for screening.

While he stressed that the exercise attracts no fee, he maintained that applications must be submitted within 6 weeks of the publication of the advert. He added that all enquiries should be directed to 122 (toll free line), 08077690361, 08077690362, or send an email to recruitment2018@frsc.gov.ng.

He stated that other details of requirements for the recruitment exercise are contained in the advertisements in some National dailies signed by the Deputy Corps Marshal (Admin and Human Resources)

https://www.financialwatchngr.com/2018/05/28/frsc-recruitment-2018-begins-apply-now/

Lalasticlala
uboma
davide470

Organized Labor has commended the Head of the Civil Service of the Federation (HOS), Ms Winifred Oyo-Ita, for keying into the demand of unions for salary increase in the core civil service.

The commendation came on the heels of a statement credited to the HOS at a workshop on the 2017-2020 Federal Civil Service Strategy and Implementation Plan (FCSSIP), in Abuja.

The HOS recently said that the emoluments of 80,000 civil servants who were the engine room of government should be increased since, currently, they are the least paid in the public service.

The Association of Senior Civil Servants of Nigeria (ASCSN), in a press statement jointly signed by the national president, Comrade Bobboi Bala Kaigama, and the secretary-general, Comrade Alade Bashir Lawal, recalled that, in 2015, the union presented a memorandum to the Joint National Public Service Negotiating Council (JNPSNC) and demanded for an upward salary review for core civil servants, since they are the least paid in the public service.

“Our demand was predicated on the fact that the current pay structure in operation in the civil service has become unrealistic and inadequate such that workers can no longer meet their basic needs, a scenario that is impacting negatively on their morale.

“Besides, out of more than 12 different salary structures in the public service, that of the core civil service is the lowest even though the bulk of government work is carried out by civil servants,” the union said.

The ASCSN expressed the hope that the statement of the HOS would galvanised the government to do the needful by beefing up the salaries of civil servants to be at par with that of other segments of the public service.

“There must be equal pay for job of equal value more so because the employees concerned have similar or the same qualifications,” the union emphasised.

According to the ASCSN, the last salary adjustment in the civil service was done in 2010 and, since then, no salary increase has been granted to civil servants even though the cost of living has continued to rise because of spiral inflation.

It urged government to see the wake-up call of the HOS as an opportunity to right the wrong done to civil servants in the past decades by paying them remunerations that are obtainable in other segments of the public service.

The union urged government to enter into negotiation with trade unions in the civil service immediately in respect of their demand for salary increase.

https://www.financialwatchngr.com/2018/05/28/salary-increase-labor-praises-head-of-service-support-for-civil-servants/

Electricity consumers are accusing distribution companies (DIsCos) of short-changing them by not providing them meters.

According to them, firms such as Eko Electricity Distribution Company (EKEDC), Ikeja Electric (IK), Ibadan Electricity Distribution Company (IBEDC) and others have refused to provide them meters, despite consistent demands.

A customer, Mrs Florence Omotosho, said she suffered pains in the hands of EKEDC officials.

According to her, the firm asked her to pay N50,000 before it can provide her pre-paid meters, adding that the company frequent her Ebute-Metta residence to collect bills at the end of the month, and in the process disconnect her light.

‘’Failure of Eko DisCo to provide pre-paid meters to customers under its jurisdiction is having untold effects on its residence. I paid N6,000 bills monthly to the firm, coupled with the fact that we ( residents) do not get light always. Often times, the firm disconnects our light whenever we fail to give them money, which they cannot account for. How long will they continue to subject us to pains, caused by power outage? How long are we going to pay estimated bills; the bills that do not reflect the volume of electricity, we are using?” She asked

She urged the firm to reduce the economy pangs on the consumers by providing them meters, arguing that consumers cannot grow financially under this condition.

Another consumer, Mr Babatunde Oyelami, said the issue of non-availability of meters is affecting users of electricity.

According to him, Ikeja Electric has refused to meter many customers, despite making several attempts to get the product.

He said the firm charges him between N10,000 to N12,500 monthly, adding that the issue has serious implications on his wellbeing.

The EKEDC’s spokesman, Mr Godwin Ihemudia, said the issue of metering customers is on-going, adding that many consumers in Ebute-Metta, Lekki, Ajah and other areas will get meters soon.

He said: ‘’ Our roll on plans is on course. We would provide meters to customers district by district, compared to other DisCos. Very soon, the issue of payment of estimated billing would be a thing of the past.’’

Also, his counterpart in Ikeja Electric, Felix Ofolue, said efforts are being made to put an end to the issue of payment of crazy billings by the customers.

He urged customers to exercise patience, stressing that the firm is working to ensure prompt distribution of meters to its customers.

https://www.financialwatchngr.com/2018/05/03/electricity-consumers-accuse-discos-of-double-standards/

Mynd44, Lalasticlala, Seun

There was mild drama yesterday as the Nigeria Police arraigned the senator representing Kogi West senatorial district in the National Assembly, Dino Melaye, before a Magistrate Court in Wuse 2, Abuja.

FINANCIAL WATCH gathered Senator Melaye who was brought to court in a stretcher, under heavy security was re-arrested by the Police as soon as he was granted bail. Melaye had reportedly jumped out of a police van that was taking him to Lokoja, the Kogi State capital, for trial on on April 24, 2018.

He was said to have broken the side glass in his attempt to get off the vehicle during the dramatic episode. The embattled senator was charged with criminal conspiracy, causing damage to government property, attempted suicide and escape from lawful custody, before Magistrate Mabel Segun-Bello.

The Police First Information Report said on April 24, 2018, about 13:30hrs at Area One round-about Abuja, within the jurisdiction of the court, “You Senator Dino Melaye, while being conveyed in a police white Hilux Bus with registration number NPF 3354 D to Lokoja Kogi State to be arraigned in Court for Conspiracy and Unlawful Possession of Prohibited Firearms in Charge Number CMCL/14SC/2018 filed at the Chief Magistrate Court Lokoja, you Senator Dino Melaye intentionally broke the side windscreen of the bus and jumped out of the bus after it was blocked by a Hilux vehicle with registration number, Kaduna MKA 603 GY, occupied by your younger brother ,Samuel Melaye, and one Barrister Amefula David Emeka, and driven by yet-to-be- identified person who escaped from the scene after the blockade.”

It continued: “You Senator Dino Melaye, after breaking the side windscreen, attempted to kill yourself by jumping out of the bus and fell on the ground and thereafter started shouting that you want to kill yourself and implicate the police for your death.

“That police officers who were escorting you in the bus tried to re-arrest you back to the bus but you resisted further arrest with the help of your brother, Samuel Melaye, and some lawyers in your company and further threatened to injure the police officers if they tried to further arrest you and you finally escaped from the scene in another Hilux vehicle.”

The police stated in view of the above incidents, Melaye had committed an offence punishable under Sections 148, 153, 172, 173, 231 and 326 of the Penal Code Act. After listening to the charge, Melaye pleaded not guilty. The prosecution counsel, Alex Izinyon SAN, demanded for dates for trial but Nkem Okoro, counsel representing Melaye, persuaded the court to hear his application for bail. He argued that since the crime for which the senator was being tried was not a capital offence, he was entitled to bail under the law.

He relied on Section 162 of Administration of Criminal Justice Act, which sets out conditions to be considered before a bail application is granted or refused. However, the prosecution counsel argued against granting bail. Ruling on the bail application, Magistrate Segun-Bello noted that bail had been liberalised said under the ACJA, adding that the prosecution counsel had not placed anything before the court to show why the defendant should not be granted bail. “There is no evidence tendered before this court to substantiate the prosecution counsel’s claim that the defendant will jump bail,” the magistrate noted. In addition, the court held that the police counsel could not convince it as to how the defendant is likely to influence prosecution witnesses in the cause of his trial if released on bail. Consequently, Magistrate Segun-Bello granted Melaye bail in the tune of N90 million with two sureties in like sum.

The court ordered that one of the sureties must be a civil servant not lower than Great Level 14, and one must have easily identifiable residence in Abuja. More so, the court held that the senator must deposit his international passport with the Federal Capital Territory Police Command. He is also to report to Wuse police command every working day of the week until same is altered by the court.

The matter was adjourned to June 6. At about 4:20pm, Melaye was stretchered out of the courtroom under the watch of policemen armed to the teeth, into a waiting ambulance, under escort.

The police re-arrested Melaye after his arraignment at Chief Magistrate Court, Wuse, in order to dock him for the pending offences of Criminal Conspiracy and Unlawful Possession of Prohibited Firearms in Lokoja today.

Force PRO, ACP Jimoh Moshood, in a statement, said the embattled senator would be arraigned without further delay.

The senator had staged a break-out from the police vehicle conveying him to face trial for criminal conspiracy and possession of illegal arms in Lokoja. He had earlier declared that his life was at stake in the state and applied to be prosecuted in Abuja but the police are insistent on taking him to the state “where the offence was committed”. The senator’s ordeal started after two suspects allegedly fingered him as giving them guns and hiring them to be his political thugs ahead of the 2019 general election.

https://www.financialwatchngr.com/2018/05/03/dino-melaye-re-arrested-by-the-police-after-he-was-granted-bail/

Mynd44, Lalasticlala, Seun

The Nigerian Prisons Service has commenced recruitment of Nigerian for full time appointments to fill existing vacancies.

According to the a post on the Nigerian Prisons Service website the recruitment exercise will start from April 30 and end on June 11.

VACANCIES

The Civil Defence, Fire, Immigration and Prisons Sservice Board (CDFIPB) is inviting applications from suitably qualified candidates for full time appointments to fill existing vacancies in the following positions in the Nigeria Prisons Service:

Applications are hereby invited from suitably qualified candidates for full time appointments to fill existing vacancies in the following positions in the Nigeria Prisons Service:

POSITIONS

CATEGORY A: Superintendent Cadre:

Superintendent of Prisons (SP) Medical, CONMESS 02.

Applicants must be holders of M.B.B.S; M.D; M.D.S; or equivalents from recognized universities.

Superintendent of Prisons (SP) Vetinary CONMESS 02.

Applicants must be holders of D.V.M from recognized universities.

Deputy Superintendent of Prisons (DSP) Pharmacy, CONHESS 09.

Applicants must possess Bachelor’s of Pharmacy degrees from recognized universities.

Assistant Superintendent of Prisons. I (ASP.I) CONPASS 09

Applicants must be holders of master’s degree from recognized Universities in the following areas: Humanities, Social Sciences, Lab. Sciences, Architecture, Engineering, Radiology, etc

Assistant Superintendent of Prisons II (ASP.II), CONPASS 08.

Applicants must holders first degree from recognized Universities in the following areas: Humanities, Social Sciences, Psychology, Estate/Town Planning, Public Health, Food Sciences, Social Works, etc.

CATEGORY B: Inspectorate Cadre:

Senior Inspector of Prisons (SIP), CONPASS 08.

Applicants must be holders of HND certificates from recognized Polytechnics/Colleges in the following areas: Humanities, Social Sciences, Psychology, Estate/Town Planning, Public Health, Food Sciences, Social Works etc.

Inspector of Prisons (IP) Nursing, CONHESS 06.

Applicants must be registered Nurses (RN), Registered Midwives (RM) or Registered Nurses/Midwives (RNM) obtained from recognized institutions

Assistant Inspector of Prisons (AIP), General Duty, CONPASS 06.

Applicants must be holders of OND/NCE Obtained from recognized institutions.

CATEGORY C: Assistant Cadre:

Prisons Assistant I (PAI) CONPASS 05

Applicants must be holders of GCE Ordinary Level, SSCE/NECO or their equivalents with a minimum of Five (5) credits in not more than two (2) sittings, which should include English and Mathematics or Trade Test Grade 1

Prisons Assistant II (PAII) CONPASS 04

Applicants must possess the GCE Ordinary Level, SSCE or its equivalent with a minimum of five (5) credits in not more than two (2) sittings, which should include English or Trade Test Grade II. (Artisans, Motor drivers, Mechanics, Auto Electricians, Plumbers, Carpenters, Masons, etc.)

Prison Assistant III (PA.III) CONPASS 03.

Applicants must be holders of GCE Ordinary Level, SSCE/NECO or it’s equivalents with a minimum of three (3) credits in not more than Two (2) sittings, which should include at least English or Mathematics or Trade Test Grade III for artisans. (Motor drivers, Mechanics, Auto Electricians, Plumbers, Carpenters, Masons, etc.)

STATUTORY REQUIREMENTS FOR THE RECRUITMENT

Requirements:

Applicants must be Nigerians by birth.
Applicants must possess the requisite qualification and certificates. Any certificate or qualification not presented and accepted at the recruitment centre shall not be accepted after the recruitment.
Applicants must be medically fit and present certificates of medical fitness from Government recognized Hospitals.
Applicants must be of good characters, and must not have been convicted of any criminal offences.
Applicants must not be members of any Secret Society, Cults or Drug Addicts etc.
Applicants must not be financially embarrassed.
Applicants must be between ages of 18 and 30 years.
Applicants heights must not be less than 1.65m for males and 1.60 for females.
Applicants chest measurement must not be less than 0.87 for men.
Computer literacy will be of added advantage

apply here http://recruit.prisonsportal.com.ng/recruit

Read more @ https://www.financialwatchngr.com/2018/05/01/nigerian-prisons-service-recruitment-2018-is-on-apply-now/

Mynd44, Lalasticlala, Seun

Sterling Bank Plc at the weekend launched an innovative digital lending platform, known as Specta through which it will grant N10 billion loans to consumers by December this year.

The product highlights the lender’s commitment to boost consumer lending and improve the economic wellbeing of Nigerians.

According to the bank, Specta is a retail lending platform, which any Nigeria requiring a loan can access within five minutes without having to produce collateral or enduring the delay of filling forms.

Speaking at the launch of the lending platform, the bank’s Head, Value Chain Banking, Benedicta Sadoh, explained that currently, Specta is only for salaried workers, who will need the approval of the Human Resources Head of their organisations to be able to access the platform. She also explained that no collateral is needed to access loans through the platform as transactions on it had been adequately insured.She revealed that reactions to Specta have exceeded the bank’s expectations as over 700 corporates are connected to the platform.

Also speaking at the event, Group Head, Strategy and Innovation, Mr. Shina Atilola, said the decision to introduce the digital solution was in line with the lender’s objective of enriching lives, adding that with Specta, Sterling Bank was set to significantly improve Nigerians’ access to consumer loans.

He said: “We want to enrich lives. Normally, to access loans takes time as one will be required to fill forms and make several trips to the bank. But Specta has removed all that. You can sit at home or in the comfort of your car and use your lap to access the platform.”

Similarly, Sterling Bank’s Executive Director, Retail and Consumer Banking, Mr. Grama Narasimhan, said the lender was targeting 100,000 customers on the Specta platform by the end of December this year. He stressed that non-customers of the bank can also access the platform as long as they meet the requirements for accessing it. The bank disclosed at the launch that it would be offering free 20 litres of petrol to customers, who access the Specta platform between 5 pm on April 30 and 5 pm on May 1, adding that over 1,000 customers are on board the platform.

https://www.financialwatchngr.com/2018/04/30/sterling-bank-to-rollout-n10b-consumer-loans-through-specta/

Some hoodlums attacked the office of the Independent National Electoral Commission(INEC) in Mopamuro Local Government of Kogi state on Saturday.

The hoodlums disrupted the collation of results, shot in the air, damaged vehicles and escaped with results sheets, while the INEC staff fled for safety.

One of the INEC staff, who spoke on condition of anonymity, alleged that the hoodlums were political thugs who accompanied an aide of Gov. Yahaya Bello to the INEC office to challenge the outcome of the verification exercise as it did not favour them.

The hijack of the result sheets at the council, was one of the low points of the exercise to recall Senator Dino Melaye, who represents Kogi West in the Senate.

The verification of the signatures calling for his recall was marred by low voters turn out at many polling units.

NAN Correspondent who monitored the verification exercise reports that between 70- 80 per cent of the petitioners in all the 10 wards in the council failed to come out to verify their signatures.

The exercise which lasted for six hours from 8am to 2pm, was very peaceful, free, fair and credible as the scanty petitioners were seeing verifying their signature with low turnout.

In Ward 01 (Units: 001; 002; 003) , Ward 03 (Units: 01; 02; and some other units in other wards, only 20 to 25 per cent of the petitioners were recorded as counted by the poll officers.

However, one polling unit each in Ward 06 and 07, Orokere and Takete-Ide respectively recorded 40 and 45 per cent turnout while only one polling unit recorded 90 per cent turnout (103 out of 110 petitioners.

Many voters expressed their displeasure over the appearance of their names on the recall register, saying they were shocked because they never at anytime signed any document for Melaye’s recall.

One of the voters at Ward 06, unit 04, Mrs Funmilayo Ojo, said that she was surprised to see her name among the petitioners, saying “it shall not be well with the perpetrators of such act”.

https://www.financialwatchngr.com/2018/04/29/how-hoodlums-hijacked-inecs-verification-materials-in-kogi/

Mynd44, Lalasticlala, Seun

Indications emerged at the weekend as to why Finance Minister, Mrs. Kemi Adeosun and her counterparts in the ministries of Petroleum Resources and Budget & National Planning jettisoned the probe panel set up by the House of Representatives to investigate the secret payment of fuel subsidy.

The Nation investigation revealed that Adeosun along with Ibe Kachikwu and Udoma Udo Udoma was to appear before the members of Committees on Finance and Petroleum Resources last Thursday. However, on the day of the sitting, the absence of key stakeholders critical to the investigation at the hearing drew the anger of the members of Joint Committees on Finance and Petroleum Resources (Downstream), who felt slighted by the executive arm of government.

Checks by our correspondent revealed that the personages failed to appear before the probe panel because they were outside the country on official assignment.

Confirming this development, Ibrahim Babangida, who is the Chairman Finance Committee and lead chairman of the joint panel however calmed frayed nerves when he revealed that letters were received from the Ministers stating the reasons for their absence.

“The Minister said he is currently outside the country. He directed NNPC GMD and DPR to respond to the committee’s requests. We received a letter from NNPC. The GMD is requesting that we give him another date convenience to us for him to appear.

“As for Finance Minister, she said she is unable to make it to the hearing as she is currently leading the Nigerian delegation at IMF from where she will represent the country in Paris.”

But the joint committee could not hide its disappointment over the non appearance of other key stakeholders including the Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC), Maikanti Kachalla Baru; Director of the Department of Petroleum Resources (DPR), Mordecai Ladan; the Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA), Abdulkadir Umar Saidu who were mandated to attend the hearing on behalf of the minister also failed to attend the investigative hearing.

While describing the development as a sad moment in a democratic process, the lawmakers pointed out that the consequence of such action is severe.

The meeting was subsequently called off with assurance by Babangida that a new date will be fixed and communicated to the relevant stakeholders.

https://www.financialwatchngr.com/2018/04/29/why-buharis-ministers-shunned-reps-fuel-subsidy-panel/

Mynd44, Lalasticlala, Seun

pastor is just a cover

As the banking system moves to deliver quality services to consumers in the 21st century driven by new technological advancements, the Central Bank of Nigeria (CBN) has declared its interest in Open Banking System (OBS) which grants bank customers easy access to their data and opening the financial system to applications and other services.

This was disclosed by the deputy director, Banking and Payment System, CBN, Mr. Musa Itopa Jimoh who represented the apex while speaking on ‘How regulations will impact consumers bahaviour in open banking era’ at the Ennovators Breakfast Series in Lagos, a forum that attracted many industry stakeholders and organized by eMaginations. Jimoh said that “CBN is looking at how to raise the standard for all banks and fintechs to plug in.” According to Jimoh, open banking system will have great impacts on the banking system customers, noting that banks that will drive the economy are those with quality data and that uses it creatively. Open banking system is operational in Europe as Second Payment Services Directive (PSD2). Similar other implementations are ongoing in Hong Kong and Australia, and new digital finance ecosystem such as WeChat and Alipay are emerging in China based on data sharing capabilities.

The apex bank deputy director also disclosed that “CBN is working behind the scene to create Payment Service Directive (PSD3).” Highlighting the benefit, he said the banks will be able to ensure the customers based on available data, which allows the banks to understanding the behaviour of the customers. One of the restriction to financial inclusion is high cost of service.’’ According to him, “banks are sitting on huge amount of data but they are not doing anything about it.

Banks have the data of all the drivers in Nigeria since all drivers renew their license in the banks. Disruption will happen in the banking system which will make bank customers to demand for certain service and banks will be forced to offer the service.” Jimoh said that a bank can use data to determine customers’ behaviour in order to understand what kind of service to offer to them. “That the banks should be able to indemnify the customers based on available data, which allows the banks to understanding the behaviour of the customers,” he said, adding that the banks need to come up with a standard for open APIs.

He said that one of the deterrents to financial inclusion is high cost of service, stating that the CBN is looking at how to raise the standard for all banks and fintechs to plug in, adding that data privacy and confidentiality is also very important. He assured that the before the year ends, the apex bank will see how to engender open banking initiative. In a related development, a group of top banking industry professionals and FinTech companies in Nigeria have established Open Banking Nigeria with the goals to promote, develop and implement a common standard for Application Programming Interfaces (APIs).

A statement from the organisation started that underwriting models are emerging from access to alternative source of data like mobile phone usage in East Africa. In the United States, large banks are striking data sharing deal with individual partners in a departure from aggregator model. While stressing the mission of the organisation, Ayodeji Olowe, spokesperson for Open Banking Nigeria, said the objective is to rally the industry to adopt the open banking model so that the industry can improve customer experience, “develop new revenue streams, and build a sustainable service model for traditionally underserved markets.”

He said Open Banking Nigeria will rally the industry to develop processes and governance underpinning the technical connections. “We will assist banks and Fintechs alike to position themselves for success in a new environment and to anticipate the likely customer impacts,” he added.

https://www.financialwatchngr.com/2018/04/28/cbn-to-embrace-open-banking-system/

The governor of Rivers State, Nyesom Wike, has stated that Nigerian workers would be better off when states are allowed to fix their separate minimum wages in line with their financial capacity.

Speaking yesterday, during a public hearing on the new national minimum wage for Nigerian workers for the South-South geo-political zone in Port Harcourt, Governor Wike said that states vary in financial capacity, making a uniform minimum wage unrealistic.

He said: “And for us, therefore, the single national minimum wage system is yet, another lie that betrays the distortions in our federation and the structured dislocation of the States in the power equation between the Federal Government and the federating States.

“It is our view that the country and its workers would be better of, if States are allowed to fix and pay their own minimum wages indexed to the prevailing cost of living and ability to pay. When this happens, it is possible that some States may go beyond the minimum threshold to pay a living wage, which is what our workers truly need”, Wike said.

Governor Wike said that the previous review exercise failed to give maximum weight to the existing disparity in economic potential and capabilities among the 36 States of the federation, adding that it has been difficult for most of the States to implement the existing N18, 000.00 minimum wage.

He noted that majority of the States were within the fringes of financial viability and could not meet their salary obligations to civil servants without bailouts from the Federal Government. The governor further said that enhanced wages can only be possible when the Federal Government improves the economy of the federation.

The governor of Rivers State, Nyesom Wike
The governor of Rivers State, Nyesom Wike
He said: “Here in Rivers State, we value our workers; we invest in their welfare in different ways, and we want them to earn living wages that can keep them and their families as comfortable as possible. The Rivers State Government therefore, supports the ongoing consultations by the Tripartite Committee on National Minimum Wage for arriving at a new national minimum wage floor for the country”.

In his opening remarks, Minister of Labour and Productivity, Dr Chris Ngige, said the exercise has been held across the six geo-political zones to ascertain the needs of Nigerian workers and employers to reach an acceptable and implementable wage. He said: “It is hoped that at the end of the exercise, we will be able to have women and men who will be engaged in productive work in equable conditions of freedom to associate and bargain collectively with equality and human dignity”

Ngige, who is also the chairman of Tripartite Committee on National Minimum Wage , said the aim is to ensure that the nation adopts a national minimum wage that would assure the attainment of social protection floor for Nigerian citizens.

Presenting the position of Nigerian Labour Congress in the South-South, Beatrice Otubo called for a living wage for workers.

Also speaking, representative of Trade Union Congress in the South-South, Austin Jonathan, pleaded that pensioners should be considered in the new wage regime. The public hearing attracted the representatives of the governors of Bayelsa, Cross River, Akwa Ibom, Edo and Delta States. Also present at the meeting were labour leaders from the six states of the geo-political zone.

https://www.financialwatchngr.com/2018/04/28/governor-wants-different-minimum-wages-for-states/

THE Lagos State Police command has raided a syndicate which specialized in the sale of the West Africa Examination Council, WAEC questions and answers to students.

Arrested were four suspected members of the syndicate, among them, a Physics and Mathematics teacher in one of the private schools in Ondo state.

The syndicate which also has its members in Ghana, was discovered to have created different Whatsapp groups where questions and answers of the ongoing WAEC were released to their agents who in turn sold them to WAEC candidates.

Surprisingly, all the questions and answers released via the Whatsapp groups were exactly the same as those written in the examination halls.

Also arrested was an operator of a fake WAEC centre at El-Supreme Private School located at 3, Oseni Adekogbe street, in Igbogbo area of Ikorodu, with the recovery of WAEC question papers and answer sheets suspected to have been forged.

In this case, the operator, Adeniyi Joshua, of El-Supreme Church was alleged to have swindled unsuspecting members of the public during registration for WAEC examination. He was said to have conducted the examination but ended up dumping the answer scripts in a school instead of taking them to WAEC designated points.

Parading the suspects before journalists at the command headquarters yesterday, the command boss, Edgal Imohimi, described the case of the syndicate who leaked questions and answers to WAEC candidates, as a national embarrassment. He disclosed that when intelligence report on activities of the syndicate was received, he deployed the Decoy team of the Rapid Response Squad , RRS to investigate and ensure the arrest of the saboteurs.

He disclosed that the arrest of the suspects were made in Edo, Osun and Ondo states .

He said : “Investigations revealed that these atrocities were committed through the following websites: www.ceebook. net – 07069198008; www.examloaded.com – 08162563540; www.guruscamp.com – 08132876664 ; www.solutionclass.com – 08060987041 and www.expotab.com – 09039642826. There were also 32 Whatsapp groups through which the questions and answers were sent. Four suspects; Samuel Kayode, (28) Adebayo Ifeoluwa, (17) Alayande Ahmed, (16 ) and Elusode Festus,( 20) were arrested , while other suspects are in Ghana.

“We discovered that the question papers given by these syndicates are word for word with the ones provided by WAEC for the candidates. The four suspects confessed and admitted to have committed the crime. Evidence of this was established through their mobile phones.”

Effort he said, was still in progress to get owners of the websites and also to find out how the question papers got out of WAEC office, adding that the command would liaise with the WAEC to unearth the insider connivance.

He therefore, advised parents, guardians and tutors to guide and monitor their wards against engaging in examination malpractices, but rather, encourage them to face their studies, informing that there was no short way to success. For the concerned examination agency, he advised “ It is important for you to look into this devastating development and take necessary corrective measures to prevent such leakage in future.”

When approached, the suspects admitted to the offence but claimed they only saw the questions which they in turn gave to WAEC candidates.

One of them, Samuel Ola, the Physics and Mathematics teacher said , “I saw a website on the internet through which I contacted one Danladi , who sold nine questions to me for N9000. I sent him N500 recharge card as requested before the questions were sent. Thereafter, I created a WhatsApp group which has 25 students.

https://www.financialwatchngr.com/2018/04/28/leaked-waec-questions-police-raid-headquarters-of-culprits/

Mynd44, Lalasticlala, Seun