₦airaland Forum

NIGERIA CAN NEVER SURVIVE WITHOUT NORTH - AREWA
source : http://www.eyesoflagos.com/2018/03/nigeria-can-never-survive-without-north.html

The debate on Nigeria’s future continued yesterday, with the Arewa Consultative Forum (ACF) declaring that this country cannot survive without the North.

ACF is the North’s apex socio-cultural group. It is seen as its voice.

ACF Chairman Ibrahim Coomassie stated this when the National Working Committee (NWC) of the Forum received leaders of the foremost northern women socio-cultural organisation, Jam’iyya Matan Arewa (JMA), in Kaduna.

Eyes Of Lagos gathered that, The one-time Inspector General of Police said: “We all know that without the North, Nigeria can never survive. We still stand by it. But now is the time to walk the talk in the interest of our people.

“Chibok girls are still missing. Now it has gone to Dapchi in Yobe State. What happened? Are we always going to be the victims? Boko Haram; see what they did to the Northeast. They have spread over to the Northcentral and even to the southern part of the country.

“Should we continue to be regarded in the negative side? No. We are leaders in our own right and we must exercise this responsibility for our people”.

“Whenever there is crisis, women and children are always the major victims. Enough is enough. Enough of killings of our women and children, enough of kidnapping of our daughters and enough of destruction of our property. We are proud that you have come forward to meet us to discuss this issue.”

Coomassie urged President Muhammadu Buhari to end the killings and kidnappings.

JMA Chairperson Aishatu Pamela Sadauki, who was represented by Hajiya Aliko Muhammed, said their visit was to discuss how to protect children and women from incessant attacks.



She said, as mothers, they had been alarmed by continued abduction of children and unwarranted killings, particularly in the region. She stressed the need to address it now, saying it was imperative.

Also yesterday, some prominent Yoruba leaders under the umbrella of Afenifere gathered in Ibadan to restate their stand on restructuring and true federalism to preserve Nigeria’s unity.

To the socio-cultural group, led by its National Chairman Chief Reuben Fasoranti, the only solution to the country’s challenges is restructuring.

Eminent speakers at the Afenifere Oyo State Summit include Senator Mojisoluwa Akinfenwa , Mrs Bukola Oni, Dr. Adebisi Busari, Dr. Gbola Adetunji , Dr. Omololu Olunloyo, and Chief Sehinde Arogbofa.

Oyo State Governor Abiola Ajimobi was represented by his Chief of Staff, Dr. Gbade Ojo.

Others at the meeting are: Archbishop Ayo Ladigbolu , Dr. Olutoyosi Omotoso , Hon. Kehinde Ayoola, Mr. Nureni Adeniran , Mr. Akin Oke , Otunba Deji Osibogun and Mr. Seyi Makinde. There were many others.

Oyo State Afenifere Chairman Adetunji, pleaded for cohesion and unity of purpose among the Yoruba.

Ajimobi said the “Yoruba nation must strive to continually be relevant in Nigeria’s political matrix and federal arrangement. We must not relent in networking with other ethnic groups. This has become imperative in view of the fact that in the tripod called the North, the Southwest, and Southeast, no ethnic group can go it alone without the support of others .

“We must struggle to register our presence at the centre. Any ethnic group that allows itself to be left behind will continue to be at the mercy of others . The Yoruba nation must continue to have voice in the project called Nigeria. This is in the overall interest of our kith and kin. “

Delivering a lecture titled: “The Yoruba Nation : For better today and tomorrow”, Rev. Ladigbolu called for immediate restructuring of the country to fast rack development .

He said: “Having been a beneficiary of regional autonomy in my younger days, and having participated as an observer of regional politics, I still have strong feelings that regional autonomy ought to be returned to the Yoruba nation and other states in Nigeria.”

Rev. Ladigbolu who called for the preservation of Yoruba culture and heritage, said the idea of restructuring is that each component unit or ethnic nationality, no matter how big or small, desires the strength in the number provided by the union with others , but not a uniformity that can retard it’s growth or swallow it up.

CHIVITA JUICES CO-SPONSORS WORLD SPEECH DAY LAGOS
source : http://www.eyesoflagos.com/2018/03/chivita-juices-co-sponsors-world-speech.html

As part of its consumer engagement and brand building efforts, Chi Limited, through its range of Chivita Juices recently co-sponsored this year’s edition of World Speech day Lagos. Eyes Of Lagos gathered that, The event held in partnership with organisers of the World Speech Day Lagos, Chivita Juices was the exclusive beverage partner to provide unrivalled refreshment to participants as they unleashed their potentials through the power of speech. With 35 speakers delivering persuasive speeches that addressed local and global challenges, whilst proffering innovative solutions, this year’s World Speech Day Lagos was about tapping into the truly original and inspirational and then making those voices heard. Speaking at the event, Licensee of World Speech Day Lagos, Florence Atunwa Olumodimu, thanked the management of Chi Limited for partnering as the exclusive drinks partner to refresh participants at the World Speech day Lagos “It is heartwarming to see company like Chi Limited which is driven by the power of innovation, identify with us and offer quality refreshment to participants at the World Speech Day Lagos event. Through this, Chi Limited inspires excellence by celebrating the simple power of a speech to encourage new ideas and change lives,” she stated. According to Chi Limited’s managing director, Deepanjan Roy, by leveraging innovation and excellence, Chivita Juices have maintained market leadership in their respective categories and is proud to partner with the World Speech day Lagos as the exclusive beverage partner. Participants at the event said driven by a passion and commitment to excellence, CHI Limited is one of the most admired companies in the domain of Food & Beverages in Nigeria.

CHECK OUT HOW LAWMAKER EMPOWERED HIS CONSTITUENTS IN IKORODU
source: http://www.eyesoflagos.com/2018/03/check-out-how-lawmaker-empowered-his.html

Ten members of the All Progressives Congress (APC) in the Ikorodu, Lagos Mainland, who contested but lost out during the last local government election in the state now have a reason to smile.
This is because last Friday, the aspirants got needed support from the legislator representing Ikorodu Constituency 1 in the Lagos State House of Assembly, Hon. Bolanle Agunbiade, who is also the Majority Leader of the assembly.
At an event held at the lawmaker’s constituency office along Obafemi Awolowo way, Ikorodu, Lagos Mainland, the lawmaker gave the ten party faithful a brand new bus.
Commenting on the development, the lawmaker said he was glad that in fulfillment of his heart desire, he was privileged to be giving the APC members opportunities through which they can thrive beyond politics.
He explained that his gesture is aimed at cushioning the effects of the loss the youths might have suffered as a result of their botched political ambitions.
“They contested for councillorship positions on the platform of our party. They didn’t get it. Others did. This is to cushion the effect of that loss and also give them opportunities to become entrepreneurs in the transport sector with these buses,” he said.
Eyes Of Lagos gathered that, Speaking after receiving the keys to their new buses, some of the beneficiaries thanked Hon. Agunbiade while describing him as a politician with a good heart. They expressed surprises at the unexpected gesture and promised to remain faithful to the ruling APC.
“I cannot describe this gesture. This has never happened before. Agunbiade is the first person I know who will bother himself about the fate of defeated councillorship aspirants. He is a rare breed,” a beneficiary said.

DAVIDO CELEBRATES HIS FATHER'S BIRTHDAY
source: http://www.eyesoflagos.com/2018/03/davido-celebrates-his-father-birthday.html


Davido shared a family picture with his father on instagram to celebrate him , Davido writes : Happy birthday Daddy ! Your the greatest person I know! If not for you I do know know where we will all be ! MAY GOD CONTINUE TO ENLARGE UR COAST ! YOUR HEART IS TO RARE ❤ We all learn from you ! ❤ you so much ! From your last born - OBO

cc: lalasticalala ,mynd44

abi

KingsCare:
Boss

cc: mynd44 ,lalasticalala

WIZKID GOES SHIRTLESS AS HE POSSES WITH GWAGON BENZ
source: http://www.eyesoflagos.com/2018/03/wizkid-goes-shirtless-as-he-posses-with.html

Wizkid goes shirtless as he posses with Gwagon Benz in anticipation of his new starboy single Soco

FOREIGN EXCHANGE, CAUSE OF HAJJ FARES HIKE – NAHCON
source: http://www.eyesoflagos.com/2018/02/foreign-exchange-cause-of-hajj-fares.html

The National Hajj Commission of Nigeria says it is still computing cost of various components that make up the total package of the 2018 Hajj fares.
Eyes Of Lagos gathered that, The Executive Chairman of NAHCON, Alhaji Abdullahi Muhammad, stated this at a one-day sensitisation and enlightenment campaign for 2018 Hajj pilgrims and Ulama, on Wednesday in Abuja.
The News Agency of Nigeria reports that the commission approved N1.5 million as the 2017 Hajj fares and fixed $800 as the Basic Travel Allowance for all pilgrims.
The approval followed the appearance and defence of the proposed fares by all the state pilgrims welfare boards and agencies.
However, the 2017 Hajj fare was not uniform across all the states, unlike in the previous years, for instance NAHCON approved N1, 544,894.16 for Nasarawa State; N1,525,483.30 for Niger and N1, 535,503.68 for Kaduna State.
Muhammad, however, said the commission had directed State Muslim Welfare Boards, Agencies and Commissions to collect deposit of the same amount paid in 2017, before NAHCON would finish computing the total fare for this year’s Hajj.
He assured that the commission would consult all stakeholders and relevant government agencies before agreeing at a cost of each component of the Hajj fare.
He said: “Right now, we are trying to compute the total cost of the 2018 hajj fares but before that we have directed state pilgrims boards to collect deposit of N1.5 million as paid during 2017 Hajj.
“If after computing the cost we arrive as N1.5 million that is all, but if it is lower or higher than the deposit collected we will explain to the public as usual.”
He said the U.S. dollars constituted 98 per cent component of the Hajj fare because NAHCON used dollars to pay for all services that would be rendered to pilgrims.
He appealed to Ulamas (Islamic clerics) to assist the commission in education intending pilgrims on new Saudi Arabian policies on Hajj and Umrah in order to bridge information gap.
The executive chairman said clerics had a role to play in ensuring hitch-free Hajj operation not only in the areas of education and enlightenment of intending pilgrims but also have a duty to ascertain their character and decency.
He said as part of measures to curtail incidences of absconding, NAHCON had introduced guarantorship and endorsement form by Jumma’at Imams to ascertain that any person traveling for Hajj would not abscond.
According him, it is only Jumma’at Imams that will sign and endorse the forms to stand as guarantors of intending pilgrims.
The NAHCON boss advised Imams to sign and endorse forms of persons who have no questionable characters, saying “If you stand as a guarantor of anybody that abscond you will be arrested”.
Muhammed said: “If you are not sure of the character of any intending pilgrims that comes to you to endorse his or her forms don’t approve it.
“Make sure you know somebody who knows him very well and who can attest to the fact that the person will come back because before you endorse his form.”

SUPER FALCONS RECEIVE N25M IN OUTSTANDING BONUSES, ALLOWANCES
source: http://www.eyesoflagos.com/2018/02/super-falcons-receive-n25m-in.html

The Nigeria Football Federation have paid some of the outstanding bonuses and allowances owed the Super Falcons.
The bonuses for 18 players and 10 officials which amounted to about N25 million was for the away draw against Senegal for the 2016 Women’s Africa Cup of Nations qualifier.
Eyes Of Lagos gathered that, Some of the players who confirmed this said they received credit alerts for their outstanding bonuses and allowances direct from Central Bank of Nigeria on Tuesday.
Each of the players received $2,000 while their officials were paid $3,000 each, while the head coach Florence Omagbemi got $4,000 for the draw against their Senegalese counterparts in Dakar about two years ago. In all about $66,000 was paid.
“What we got was $1,500 bonus for the draw and five days daily allowances of $500 each. We are still expecting the bonus for the victory against Senegal in the return leg in local currency. We thank God that the NFF kept to their promise to offset all they owe us,” the Falcons player, who is based abroad, confided in CSN.
The players who received alerts include Ugo Njoku, Ohale Osinachi, Ibubeleya Whyte, Chikelu Rita, Edoho Blessing, Ngozi Okobi, Desire Oparanozie, Evelyn Nwabuoku and Osas Igbinosa among others while the officials included Ann Chiejine, Perpetua Nkwocha, Faith Anuge, Ejiro Babafemi and Bilikisu Sulola.

KIDNAPPERS OF VOA JOURNALIST’S WIFE, SON DEMAND N12 MILLION RANSOM
source: http://www.eyesoflagos.com/2018/02/kidnappers-of-voa-journalists-wife-son.html

The abductors of the wife and son of a Nigerian journalist have asked for a N12 million ransom for their release.
Nasiru Yakubu, a journalist with Voice of America, Hausa Service, posted on his Facebook wall Wednesday morning that kidnappers stormed his house at Birnin Yero, a small community in Kaduna State, at about 1:30 a.m. and took away his wife and son.
Eyes Of Lagos source close to the family said Wednesday evening that they were still negotiating to rescue the captives.
“They called him (Mr. Yakubu) this afternoon demanding N12 million ransom,” said the source who declined to be named because he was not authorised to speak with journalists on the matter.
“The money is too much for the family but we are negotiating to see how the wife and child will return home safely,” he said.
The source declined to make further comments so as not to jeopardise the safety of the victims.
“We don’t know who is listening. That is why we are being careful talking about the issue. Our concern for now is to see how they will be freed safely, God willing,” he said.
The source said a few weeks ago, a woman was also kidnapped in the community and a ransom was paid to secure her freedom.
It was learnt that kidnappers had been terrorising the ‎community located in Igabi Local Government Area of Kaduna State.
Another resident of the area who pleaded for anonymity earlier told this paper that in the past six months, 10 people were abducted by kidnappers in the area.
“My community is a bit far from his but I can tell you that about ten people have so far been kidnapped in Birnin Yero in less than six months. Their family paid ransom before they regain their freedom,” he said.
‎The News Agency of Nigeria reported that the journalist was not at home when the kidnappers arrived his resident Wednesday night around 1:30 a.m.
‎His neighbour and staff of FRSC was shot dead by the kidnappers when he tried to stop them.

TOP AMERICAN COMEDIENNE TO PERFORM ON THE LAGOS MAINLAND
source: http://www.eyesoflagos.com/2018/02/top-american-comedienne-to-perform-on.html

Kristina Wong, an American performance artist and comedian, is in Nigeria for the Lagos Theatre Festival., and will conduct master classes for performing arts students, faculty, and theatrical directors at the University of Lagos, Lagos Mainland, and other places like; Lufodo Academy of Performing Arts, and PEFTI Film Institute.
Wong is notable for her works focusing on women and economic empowerment.
Wong will also perform her critically acclaimed Wong Street Journal show on Friday, March 2.
Eyes of Lagos gathered that, The event will be hosted by John Bray, US consul general, at Terra Kulture Arts and Cultural Centre, Lagos.
Darcy Zotter, public affairs officer, US consulate general Lagos, said Wong’s visit to Nigeria will strengthen cross-cultural understanding and collaboration.
We are pleased to support Kristina Wong’s participation at the 2018 Lagos Theatre Festival. She is one of the many American arts professionals who have come to Nigeria to give performances, and mentor young Nigerian artists.”
The festival runs from February 27 to March 4.

BUHARI CONGRATULATES ACE MOVIE PRODUCER, TUNDE KELANI AT 70
source: http://www.eyesoflagos.com/2018/02/buhari-congratulates-ace-movie-producer.html

President Muhammadu Buhari has joined the media and entertainment industry in congratulating renowned movie producer, filmmaker and photographer, Tunde Kelani, on his 70th birthday. According to reports gathered by Eyes Of Lagos, President Buhari in a statement by his special adviser, Media, Femi Adesina felicitated with all family members, friends, professional colleagues and the teeming fans of the artiste, who started out as a journalist before mastering the art of storytelling through the stage and tube, and rising steadily to become one of Nigeria’s foremost directors and producers in Nollywood. The President commended Kelani’s uncanny story telling skills and his ability to breathe life into scripts and translate literature to movies, thereby enhancing understanding of the rich cultural heritage of the country and consistently updating the narrative of a unified and progressive nation. As the ace producer turns a septuagenarian, President Buhari believed the rising profile of the Nigerian film industry around the world testifies to the hard work, creativity and passion of artistes like Kelani, who toiled earnestly to attract global viewership, recognitions and awards. The President affirmed that Kelani, through sacrifice, discipline and diligence, has contributed immensely to national development, especially his mentoring of younger Nigerians in the film industry. President Buhari prayed that God would bless Kelani with good health and strength to continue in his noble trade.

#BBNAIJA: KHLOE SPEAKS ON LIFE AFTER BIG BROTHER NAIJA
source: http://www.eyesoflagos.com/2018/02/bbnaija-khloe-speaks-on-life-after-big.html

Former Big Brother Naija 2018 housemate, Khloe, has opened up on her relationship with fellow housemate, Leo.
Khloe, while in the house, made her strategic partner, K-brule jealous as she had a close relationship with Leo.
She was also quoted as saying that if she is to date anyone this year, it would be Leo, even if he has a girlfriend she will break his relationship.
Recall, Khloe , was disqualified along side her partner K-brule for breaking the house rules.
However, in an Interview with Pulse, Khloe said what she shared with Leo was not a relationship.
She said ”It was never a relationship, obviously. I can’t be with him during the day and still sleep with K.Brule [her paired partner] on the same bed. “It’s obvious that it’s not a relationship and I’m sure that he (Leo) is smart enough to know that it’s not a relationship.” When asked on her next move in her career, Khloe said she intends to continue her fashion line, Koko by Khloe.
She also said she plans to explore other business opportunities.

EX-PRESIDENT OBASANJO IS A PATHOLOGICAL LIAR, BETRAYER – MASSOB


Movement for Actualization of Sovereign state of Biafra (MASSOB) Monday berated former President Olusegun Obasanjo for his alleged hatred of Igbos and for claiming to be what he is not.

Obasanjo, who visited former President Goodluck Jonathan last week, had claimed that he believed in truth, noting that only the truth shall set a person free.
Eyes Of Lagos gathered that, But MASSOB in a statement issued in Abakaliki by its leader, Comrade Uchenna Madu, described Obasanjo as a pathological liar, betrayer and deceiver who has continued to cover his hatred of Igbos.

The pro-Biafra group also attacked Obasanjo for not attending the burials of the two Igbo elder statesmen – Late Odumegwu Ojukwu and Dr. Alex Ekwueme or sending condolence messages over their demise, which it said, confirmed his hatred of Igbos.

The statement reads: “Obasanjo knows the truth that General Chukwuemeka Odumegwu Ojukwu was right in all his activities that involved Biafra, he knows the truth that Ndigbo were schemed out of political reality in Nigeria, Obasanjo knows this truth that he hates Biafra and her people, he also knows the truth that all his dealings with Ndigbo are all camouflaged and hypocritical.

“Olusegun Obasanjo openly without shame proved his pathological hatred and sadisms on Ndigbo when Eze Igbo Gburugburu died, Obasanjo did not attend the burial of Dim Chukwuemeka Odumegwu Ojukwu and he did not send condolence. He always sees Ojukwu as his enemy even in death and whosoever that hates Dim Chukwuemeka Odumegwu Ojukwu hates Ndigbo; such a person can never be a friend to the people of Biafra, Ndigbo can never enter into alliance with such a hater.
“Again, Olusegun Obasanjo did not attend the burial of Dr Alex Ekwueme, former vice president of Nigeria, his absence during the week-long national burial of most distinguished national leader again proved his pathological hatred of Ndigbo. Obasanjo hates everything concerning Ndigbo.

“Today, Nigeria is unworkable and unfixed because devilish minded people like Obasanjo and his fellow cabals hold the country down for their selfish purposes and interests. Obasanjo knows the truth about Nigeria’s faulty foundation, which was schemed to subject Igboman to political, economical, academic, religious, cultural and social slavery, a scheme that will forever subject Ndigbo to second class citizens in Nigeria.”

Source: http://www.eyesoflagos.com/2018/02/ex-president-obasanjo-is-pathological.html

CENTRAL BANK LIFTS FOREIGN EXCHANGE MARKET WITH $210M
source: http://www.eyesoflagos.com/2018/02/central-bank-lifts-foreign-exchange.html

The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.
Eyes Of Lagos gathered that, The Bank’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor in a statement on Monday in Abuja, said that 100 million dollars was offered to authorised dealers in the wholesale segment of the market.
Okorafor said that the Small and Medium Enterprises (SMEs) segment got 55 million dollars, while customers in need of foreign exchange for tuition fees, medical payments and Basic Travel Allowance (BTA), were allocated 55 million dollars.
Okorafor reiterated the CBN’s commitment to continuous intervention in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.
He said that the CBN would continue to strategically manage the foreign exchange market with a view to reducing the country’s import bills and halting depletion of its foreign reserves.
On Feb. 12, the CBN had intervened to the tune of 210 million dollars to cater for requests in the various segments of the market.
Meanwhile, the naira continued its stability in the foreign exchange market, exchanging at an average of N360 to a dollar in the Bureau De Change segment of the market.

CENTRAL BANK WANTS SHELL BANKS ABOLISHED IN NIGERIA
source: http://www.eyesoflagos.com/2018/02/central-bank-wants-shell-banks.html

The Central Bank of Nigeria (CBN) has called for the abolition of shell banks in the country, saying they serve as institutions for money laundering.
Shell banks are institutions that carry out activities where they are not licensed.
Eyes Of Lagos gathered that, The CBN Governor, Godwin Emefiele, made the request in Abuja on Tuesday at a public hearing organised by the House of Representatives Committee on Banking and Currency on a Bill to amend the Banking and Other Financial Institutions Act (BOFIA) and other bills.
He said that the shell banks, apart from being used for money laundering, distort the banking system and might pose a problem to regulatory agencies.
Mr. Emefiele, represented by the Director, Legal Services Department, Johnson Akinwunmi said “we wish to propose the introduction of new subsections 3(6) and (7) for the proscription of shell banks in response to the latest recommendations of the Financial Action Task Force (FATF) on money laundering.”
Similarly, the CBN is also seeking additional powers to revoke licences of banks and “power to inject funds into a falling bank by way of equity participation up to a level that guarantees control by CBN”.
The additional powers, according to the governor, is to enable the CBN acquire equity investment institutions and its ability to ensure a sound financial system.
The CBN also backed the House of Representatives in imposing stiffer penalties and terms of imprisonment of certain offences on erring commercial banks and their staff.
But in his presentation, the Director of Legal/board secretary, Nigeria Deposit Insurance Corporation (NDIC), Belema Taribo, opposed the proposed fines saying they were too high.
“The NDIC, as a deposit insurer supports the passage of the bill into law as the current fine of N1000 does not meet contemporary realities.
“However, it is our submission that the proposed penalty of N200,000 is above 100 per cent increment from the current penalty. In view of the above, we propose a fine of N5000.”
On the issuance of licence, NDIC proposed that the CBN should seek its consent before granting any application for banking licence.
“This is to enable the corporation have a prior evaluation of the applicants with regard to insurance of deposits.”
In his welcome address, Chairman of the House Committee on Banking and Currency, Jones Onyereri, said that increase in penalties to the bank operators would streamline the operations of such banks to conform to international best practices.
He said that the proposed amendments to the Bofia Act 2017 was initiated by three lawmakers, which include Daniel Reyeneiju (Delta-PDP), Betty Apiafi (Rivers-PDP) and himself.
Some of the penalties in the proposed amendments to the BOFIA Act 2017 include a fine of N20 million on banks that fail to comply with the conditions of the licence, a fine of N20 million on any director that fails to declare any property he/she owns that runs contrary to the Act.
“A fine of N10 million against a director or manager that fails to keep a book of account and a fine of N2 million on banks that fail to publish its annual report of its general meeting in two reputable national dailies among others.”
While declaring the public hearing opened, the Speaker, Yakubu Dogara, said the House opted for stiffer penalties of millions of Naira as fine for commercial banks which engaged in illegal deduction of spurious charges on customers’ accounts domiciled in such banks.
Mr. Dogara, who was represented by the House Deputy Minority Leader, Chukwuka Onyema, said that the process of law making was dynamic noting that bank customers have not stop compiling of spurious charges on their accounts.

MAN SMASHES NEIGHBOUR’S HEAD IN EBUTE – META
source: http://www.eyesoflagos.com/2018/02/man-smashes-neighbours-head-in-ebute.html


Chukwuekezie was docked on a one-count charge of killing his neighbour, Comdavies Okeke, by banging his head on the wall.
Eyes Of Lagos gathered that, The Deputy Director of Public Prosecutions (DDPP) Mrs A. Oshinusi said the defendant committed the offence around 8: 00 pm on December 5, 2015, at 10, Okoluwa Street, Ebute Meta, Lagos Mainland.
Oshinusi said a fight broke out during an argument between the defendant and Okeke. The defendant allegedly hit Okeke’s head on a wall. Okeke slumped and was rushed to a hospital where he was confirmed dead.
According to the prosecutor, the offence contravened Section 227 of the Criminal Law of Lagos State, 2011.
In his defense, Chukwuekezie pleaded not guilty to the offence.
Justice M. A. Okikiolu did not take Chukwuwuekezie’s bail application because of a disagreement between Oshinusi and defence counsel, Mr R. Asuquo.
The court was told that the defendant was first arraigned before Justice Sybil Nwaka, who now sits in Ikeja.
The case was transferred to Justice Okikiolu following Justice Nwaka’s transfer to Ikeja.
According to Asuquo, the defendant filed his application on December 12, 2017.
But the prosecution claimed that it was only aware of the defendant’s December 9, 2017 application which was refused by Justice Nwaka.
Justice Okikiolu remanded Chukwuekezie in Ikoyi Prison and adjourned till March 19, for “proper direction.”

FEDERAL GOVERNMENT SPENT N1.19TRN ON STATES – OSINBAJO
source: http://www.eyesoflagos.com/2018/02/federal-government-spent-n119trn-on.html

Vice President Yemi Osinbajo revealed yesterday that the federal government supported the 36 states of the federation with whopping N1.19 trillion as at September 2017. He said the funds were made available to enable the states meet the challenges of shortage of funds for the execution of programmes in their respective states. Osinbajo who stated this in Lokoja, the Kogi State capital, during the maiden Kogi State economic and investment summit said the funds had enabled some state governments to embark on capital expenditures. According to him, the funds were made available through the excess crude account, the Paris Club refund, and loans, among others to the states. Eyes Of Lagos gathered that, He explained that parts of the funds were the entitlements of the state, which they legally had access to, while some of them were loans to be repaid. The vice president noted that the present administration had the highest capital expenditures in two years, adding that these are evident in the ongoing railway line construction, road construction and hydropower projects. He said the summit came at a right time the country was trying to reduce its dependence on oil and increase its non-oil income by shifting focus on promotion of agriculture and the abundant solid mineral resources across the country. Osinbajo noted that Kogi State is strategically blessed with vast mineral resources that could make it a hub of commercial activities, adding that the summit was capable of reinvigorating and inspiring the people. On his part, the state governor, Alhaji Yahaya Bello, said the summit was packaged to change the identity of the 27-year-old state from a civil service state to an industrialised one. He said his administration had in the last two years prepared the ground for economic and industrial breakthroughs for the state by solving the problems that had been hindering economic growth in the state. Bello said the state was now safe for investors and investments, adding that the problem of security had been tackled. He said, “We are changing the toga of a civil service state to an economic and commercially viable one and we want investors to collaborate with us and contribute to the prosperity of the state. “Kogi State is now open for business. We want to be signing MoUs. I invite the private sector to collaborate with us in our bid to develop the state. Kogi State is for serious business”. The minister of solid minerals development, Dr Kayode Fayemi, in his presentation, said the bulk of the revenue of Kogi State should be internally generated based on the abundant mineral resources in the state. He however said mining was not a business that should be tied to the tenure of any executive, as it is a long-term investment that outlives the maximum two-term tenure of any executive.

STRIKING NON-ACADEMIC STAFF WARN UNILAG TO POSTPONE CONVOCATION
source: http://www.eyesoflagos.com/2018/02/striking-non-academic-staff-warn-unilag.html

There are strong indications that the University of Lagos may postpone its 50th convocation ceremonies scheduled to commence on February 19, as the effects of the ongoing strike embarked upon by non-academic staff at the university bite harder.
It was gathered by Eyes Of Lagos that the workers, under the aegis of Senior Staff Association of Nigerian Universities, the Non- Academic Staff Union of Universities and the Associated Institutions and the National Association of Academic Technologists, have shut some administrative buildings on the university campus.
The striking workers have also extended their protest to the UNILAG Staff School, causing panic among pupils and parents.
Speaking to newsmen, the chairman of NASU-UNILAG, Kehinde Ajibade, said the university authorities have been warned to postpone the convocation.
He noted that the striking workers might not supply social amenities needed during the convocation.
He said, “The stand of the union is that the university management should suspend the (convocation) operations.
“There is no way to do that (the convocation) when the three unions are on strike.
“The environment is not going to be conducive, no water and electricity, among others. The management of the UNILAG is expected to do the needful and they should postpone the convocation ceremony.”
When contacted on the telephone on Monday, the university’s Principal Assistant Registrar, Information Unit, Mrs. Taiwo Oloyede, expressed uncertainty over the organisation of the convocation as scheduled.
She said, “I cannot say anything categorical on that. We are having a management meeting today and I hope that we will resolve all issues relating to the convocation.”

ABDUCTOR OF CHIBOK GIRLS BAGS 15-YEAR JAIL TERM
source: http://www.eyesoflagos.com/2018/02/abductor-of-chibok-girls-bags-15-year.html

Eyes Of Lagos gathered that, A Federal High Court sitting in Wawa Cantonment, Kanji in Niger State has sentenced 35-year-old Haruna Yahaya for terrorism offences, including the abduction of over 200 secondary school girls in Chibok community of Borno State. Yahaya, whose left arm and left leg are crippled, was convicted for being a member of the proscribed Boko Haram terrorist group. He was alleged to have participated in the abduction of the Chibok schoolgirls in 2014. The convict was also said to have participated in the group’s attacks in Chibok, Chibok local government area of Borno State and Gabsuri town in the Damboa local government area of the state. Yahaya had yesterday pleaded guilty to the two counts charges preferred against him by the federal government. He however, pleaded for leniency, saying he was forcefully conscripted into the terrorist group. But the judge who sat in one of the four special courts established by the Federal High Court to fast track the trial of over 1,000 suspects said the court was “not fooled” by Yahaya’s story. The court noted that the convict was merely “using the misfortune of his handicap to draw sympathy”. The judge ruled that the 15-year sentence passed on the convict who had been in detention since 2015 began yesterday (Monday).

video : Lagos police accidentally killed a man while chasing a commercial bus
source: http://www.eyesoflagos.com/2018/01/pics-video-lagos-police-accidentally.html




According to reports gathered by Eyes Of Lagos reporter at the scene of the incident confirmed that the innocent man was hit by the police van during the ugly chase of a commercial bus . Riot and chaos has started at Adura alagbado Lagos abeokuta expressway, as residents and area boys protest for justice . More details coming soon

see video


https://www.youtube.com/watch?v=R1sECWXxk5A

cc : mynd44

OVER 25,000 PENSIONERS NOT ON FG PAYROLL – NUP
source: http://www.eyesoflagos.com/2018/01/over-25000-pensioners-not-on-fg-payroll.html


More than 25,000 pensioners are still excluded from the Federal Government’s payroll of retirees, according to the Nigerian Union of Pensioners (NUP).
Lagos Chapter Chairman of NUP, Joseph Dele, told the News Agency of Nigeria (NAN) on Sunday that the affected pensioners were not among over 300,000 paid under Defined Benefits Scheme and Contributory Pension Scheme.
The NUP urged federal government to mandate the Pension Transitional Arrangement Directorate (PTAD) to conduct verification exercise for the affected pensioners to enable them get gratuities for their long years of service.
He described allegations that officials of the union were involved in pension fund scam as an excuse not to pay NUP members excluded from the payroll system.
“The Attorney General of the Federation, Abubakar Malami, alleged that the pension fraud was perpetrated by public officials with the active connivance of NUP, Association of Federal Public Service Retirees, among others.
“NUP did not collude with anyone to list 16,238 ghost pensioners to siphon N839 million to fictitious pensioners monthly.
“Over 25,000 and not 16,238 members were still excluded on the payroll.
“They are not fictitious pensioners as claimed by the AGF and as we speak they are not on federal government payroll,” he said.
Dele explained that only one per cent of monthly pensioners’ fund was remitted to the NUP secretariat for maintainance and other ad-hocs services.

NIGERIA NEEDS OVER 120,000KM OF FIBER NETWORK TO BOOST BROADBAND —NCC
source: http://www.eyesoflagos.com/2018/01/nigeria-needs-over-120000km-of-fiber.html

The Nigerian Communications Commission (NCC) says the country needs more than 120,000 kilometres of metropolitan fiber networks interconnected across the country to achieve its goal pervasive broadband penetration.
Eyes Of Lagos gathered that, Prof. Umar Danbatta, Executive Vice Chairman of NCC, said this in a statement issued in Abuja on Sunday.
Danbatta said this when he received a delegation from the Nigeria Industrial Policy and Competitiveness Advisory Council led by Ms. Edirin Akemu.
According to him, only 38,000 kilometres have been covered so far.
He, therefore, called on the Federal Government to ensure that all the 36 states governments of the federation adhere to the resolution of National Economic Council on the Right of Way charges.
The charges, according to him, stipulate N145 per metre for laying fiber network in every part of the country.
“The right of way issue is something that refuses to go away despite the existence of a document guiding what should be charged. Presently, nobody is complying with the provision of that document.
“We cannot compel the state governments to charge N145 per metre for fiber.
“The Federal Government can, however, meet with the governors and extract a commitment from them to ensure that NEC’s provision is strictly adhered to,” he said.
The NCC boss also called for more Information and Communications Technology (ICT) capacity building in the country in order to fully take advantage of the digital transformation taking place globally.
He said that while Nigeria strives to build the needed ICT infrastructure, the efforts would be in vain “if there is no critical mass of ICT adoption and use to drive the digital revolution”.

UNILAG BECOMES FIRST NIGERIAN UNIVERSITY TO GET TV LICENSE
source: http://www.eyesoflagos.com/2018/01/unilag-becomes-first-nigerian.html

The prestigious University of Lagos (UNILAG) located in the heart of Akoka, Yaba, Lagos Mainland, has become the first Nigerian University to get a television license after getting the nod of Nigeria’s President, Muhammadu Buhari.
According to reports gathered by Eyes Of Lagos, President Muhammadu Buhari , Thursday, January 18, 2017, approved the license for the institution.
The development was disclosed after a meeting with the Special Adviser to the President on Media and Publicity, Femi Adesina, and the Senior Special Assistant, Garba Shehu, at the Presidential Villa.
The Vice Chancellor of the university, Prof. Oluwatoyin Ogundipe, while speaking on the development said the approval of the TV station was a confirmation of the president’s position on promoting free press and unhindered access to information.
Ogundipe said the TV station would enhance research-oriented education and ease communication within and outside the university campus.
“It is now on record that the present administration signed the first campus TV license and we remain deeply grateful to the president.
“The university is a brand. We want the university to be the research hub in Africa, and we are working towards being among the best three in the entire continent,’’ he said.
Adesina, while congratulating the vice chancellor on the new development, said President Buhari was fully committed to improving the standard of education in the country.

DJ CUPPY SHARES ADORABLE PHOTO OF HER BILLIONAIRE DAD, FEMI OTEDOLA KISSING HER GRAND-MOTHER
Source: http://www.eyesoflagos.com/2018/01/dj-cuppy-shares-adorable-photo-of-her.html?m=1


Below is a picture of Billionaire Nigerian oil mogul, Femi Otedola and his mother.
His daughter, popular DJ Cuppy shared the photo via Snapchat,

INFLATION RATE DECLINES TO 15.37% IN 2017 – NBS
source: http://www.eyesoflagos.com/2018/01/inflation-rate-declines-to-1537-in-2017.html


The National Bureau of Statistics (NBS) has disclosed that the nation’s inflation rate slowed down to 15.37 per cent in 2017, making it the 11th consecutive decline year-on-year since January 2017. The Bureau, in its Consumer Price Index (CPI) December 2017 report, said inflation rate slowed by 0.53 per cent points, lower than 15.90 per cent rate recorded in November. A review of 2017 inflation rate showed that the rate opened at 18.72 per cent in January 2017 to close at 17.78 per cent in February. In March, inflation rate closed at 17.26 per cent, the second decline recorded in two months. The bureau had explained that growing prices in Housing, Water, Electricity, Gas and other Fuels, Education and Transport contributed to hike in inflation rate in the first quarter of 2017, following the unstable foreign exchange market. Economy indicator had revealed that, while economy growth declined, the rise in inflation was inevitable as falling exchange rate and rising foreign prices passed through directly to domestic prices. However, the inflation rate closed April at 17.24 per cent, 16.25 per cent in May 2017 and 16.10 per cent in June. In the third quarter, the inflation rate slowed marginally to 16.05 per cent in July, 16.01 per cent in August and 15.98 per cent in September. Towards the end of 2017, October to be precise, Inflation rate moved to 15.91 per cent in October and 15.90 per cent in November. According to Eyes Of Lagos investigation, The report released by NBS yesterday noted that on a month-on-month basis, the headline index increased by 0.59 per cent in December 2017, 0.19 per cent points higher from the rate of 0.78 per cent recorded in November. It said the percentage change in the average composite CPI for the twelve month period ending in December 2017 over the average of the CPI for the previous twelve month period was 16.50 percent, showing 0.26 percent point lower from 16.76 percent recorded in November 2017. The Central Bank of Nigeria (CBN) Mr. Godwin Emefiele at the Annual Bankers’ Dinner in November had said, “Monetary policy stance could change when the underlying fundamentals become supportive. If the pace of disinflation becomes adequate and we see inflation at predicted levels, I am very optimistic that MPC may begin to see strong justification for an easing of monetary policy, which may further accelerate the recovery process. “We believe that it may return to very low double digit or high single digit levels during the next year. Though the base effect had diminished, I expect that as the socio-economic factors that are driving food inflation are resolved the inertia therein would dissipate and the pace of headline disinflation will grow”. Analysts at InvestmentOne Research said December 2017 Inflation report may further confirm expectations for the rise in consumer prices to moderate in 2018, on the back of the high base effect of 2017 as well as the willingness of the present administration to curtail any potential increase in energy and food prices, given the negative impact it may have on re-election prospects. The InvestmentOne Research noted: “Our view remains that as we see headline inflation moderate towards the CBN’s target (11-12per cent) we are likely to see the Apex bank move to a more accommodative monetary policy. “Nonetheless, we see the on-going scarcity of PMS, which contributed to the +18per cent m/m increase in the average PMS price paid by consumers in December 2017 (c.N172/litre), as a potential downside risk to our outlook, as well as disruptions to activities in the Agriculture sector and election spending”. Elaborating on the implications, they said potential for a further decline in the rate of increase in consumer prices should be a positive for company performances in 2018, which should be a supportive of the equities market. While speaking in Lagos, Minister of Budget and National Planning Sen. Udoma Udo Udoma said, “There is so much potential in the country and it is this potential and the results of our initiatives that make the 2018 outlook so positive. “So, we are targeting a GDP growth rate of 3.5 per cent for this year and 7 per cent by 2020, and an inflation rate of 12.54 per cent for 2018 and single digit inflation of 9.9 per cent by 2020”

EQUITIES MARKET CAPITALISATION HITS N15TRN
source: http://www.eyesoflagos.com/2018/01/equities-market-capitalisation-hits.html

The All-Share Index gained 10.2 per cent week-on-week to settle at 42,898.90 points while year-to-date return expanded to 12.17 per cent, with investors gaining a total of N1.5 trillion in value, as market capitalisation closed at N15.368 trillion. The federal government’s effort at reviving and sustaining Nigeria’s economic growth has received commendations from investors, analysts and economic experts even as the market recorded highest weekly gain in 20 months. Eyes Of Lagos reports gathered that, The stakeholders, who said the nation’s economy has benefited from good work of the current Economic Management Team headed by Vice- President Yemi Osinbajo said the federal government has been deploying a mixture of fiscal and monetary policies to put the economy on the path of sustained growth. The Nigerian stock market has continued to react to the positive market fundamentals and improving macroeconomic outlook since the beginning of the year 2018. Last week, the NSE ASI recorded a distinction of 10.21 per cent week-on-week (WoW) and has a year-to-date gain of 12.17 per cent. The Nigerian stock market in 2017 recorded a growth of 42.30 per cent. Also, in the World Bank’s latest rankings on Ease of Doing Business in Nigeria released in October 2017, the country moved up 24 places to 145 in ease of doing business. The performance has been attributed to improved flexibility with regards to administrative structure of the FX market, particularly the introduction of the Investors’ & Exporters’ Window, which marked a turning point in FX market stability and investors’ perception of the Nigerian market. Resilient corporate earnings further bolstered sentiment, recovery in the oil market and improved domestic oil production, which moderated the risk profile of the Nigerian economy. The Cordros report on the weekly economic and marker report said, “According to the World Bank January 2018 report on Global Economic Prospects, Nigeria is forecasted to grow by 2.5 per cent in 2018, supported by improved commodity prices, investments, trade, and expectation that oil reserves will continue to recover and reforms will lift non-oil sector growth. “It is safe to expect improved growth from both oil, supported by increased domestic production and price; and non-oil sectors bolstered by sustained FX stability, likely reforms, and strengthening consumer and business confidence”. The managing director of HighCap Securities Limited, Mr. David Adnori said, the economy is improving and since the stocks market all over the world is the barometer of the economy, the improvements have been seen in the market activities. He also noted that the international confidence in Nigeria is the outcome of the positive World Bank report on Ease of Doing Business in Nigeria, saying Nigeria has been rated as one of the improved economies in the world. He noted that the Economic Recovery and Growth Plan (ERGP) and other reforms, including Nigeria Industrial Revolution Plan (NIRP), which deployed innovative approaches has improved the economy. The managing director of APT Securities and Funds Limited, Mallam Kurifi Garuba added that Nigeria’s capital market remains a sweet and attractive spot for both foreign and local investors. He added that although performance in the past year had been hampered by FX challenges, the improvements that have been witnessed since the introduction of better FX management policies suggest that the market still has potential to attain new heights. On his part, the chief operating officer of InvestData Consulting Limited, Mr. Ambrose Omordion, said that since May 2015, government has embarked on intensive policy reforms and initiatives to align the industrial sector with stakeholders driven implementation process, specific deliverables, measurable outcomes and key performance indicators. Also, the president of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Nike Akande at a forum recently said the World Bank’s Ease of Doing Business report on Nigeria was delightful news for the OPS and the government. She said that the report has shown that the short to medium term outlook for the Nigerian economy was much better than what it was this time last year. The LCCI president traced the country’s economic improvement to the outcome of the series of new policy initiatives, engagements and consultations with key stakeholders and some positive developments in the external sector. “We appreciate the setting up of the PEBEC under the chairmanship of the vice president. We applaud the recent executive orders taken by the administration to enhance the country’s investment climate and improve the ease of doing business in Nigeria”, she said. Akande noted that the reforms of the current administration, especially the Executive Orders on Ease of Doing Business in the country were good for economic recovery. Nigerian Stock Exchange (NSE)-All-Share Index (ASI) recorded a distinction of 10.21 per cent week-on-week in the second week of the year, following continued buying spree across sectors. In line with the bullish performance, sector performance was broadly positive as all indices advanced week-on-week. The Industrial Goods Index led the gainers chart, up 12.98 per cent, consequent on price appreciation in Wapco and Dangote Cement. The Banking and Oil and Gas indices followed, adding 12.9 per cent and 7.5 per cent, as Guaranty Trust Bank, Zenith Bank, Conoil and Seplat recorded sustained buying interest. Similarly, the Insurance and Consumer Goods indices closed 6.5 per cent and 5.6 per cent northwards on the back of a rally in Linkage Assurance, Mansard Insurance, Nigerian Breweries and Guinness. Investor sentiment as measured by market breadth significantly improved as 66 equities appreciated in price during the week, higher than 55 of the previous week. Seven equities depreciated in price, lower than 12 equities of the previous week, while 99 equities remained unchanged lower than 105 equities recorded in the preceding week. The top performers for last week were Honeywell Flour with a gain of 39.7 per cent, Skye Bank with 37.7 per cent and Champion Breweries with 36.6 per cent. On the other side, DN Meyer led the losers’ chat by 12.9 per cent, Glaxosmith declined by 2.7 per cent and Dangote Sugar shed 2.65 per cent. In the same vein, activity level strengthened as average volume and value traded rose 66.2 per cent and 193.3 per cent to 5.021 billion shares worth N68.974 billion in 41,542 deals in contrast to a total of 2.417 billion shares valued at N18.813 billion that exchanged hands previous week in 20,874 deals. The Financial Services Industry, measured by volume, led the activity chart with 3.417 billion shares valued at N31.649 billion. The Conglomerates Industry followed with 894.357 million shares worth N2.180 billion, while Consumer Goods Industry traded a turnover of 380.493 million shares worth N26.243 billion. This week, capital market analysts anticipated bargain-hunting activity to continue on positive investors’ sentiments. Analysts at APT Securities and Funds Limited also said, “We expect the positive mood to continue in this trading week as there is still more room for an upturn, though we might see a minimal drop to accommodate speculators on profit taking”. Cordros Capital Limited also stated: “Following last week’s strong rally, the possibility of profit taking is high this week. We reiterate that still-positive market fundamentals and improving macroeconomic conditions suggest legroom for further gains”.

MERCY AIGBE, DANIEL K DANIEL, OGE OKOYE IN NEW MOVIE, ‘WETIN WOMEN WANT’
source: http://www.eyesoflagos.com/2018/01/mercy-aigbe-daniel-k-daniel-oge-okoye.html

The New Year is set to witness great movies from every corner of the industry. Joining the league of great movies to be screened from February 2018 is Abiodun Jimoh’s directed, ‘Wetin Women Want.’ The movie is an expose on what women want in a relationship and the confusion that comes with understanding the needs of women. Few Nollywood movies veer into relationships and marriages as much as they swerve into sex and romance. ‘Wetin Women Want’ laces out what women want in a dramatic and romantic fashion. The movie stars are some of Nollywood’s best in creating cinema magic that can get the audience glued to their screen till the final credits are rolled. Some of the notable actors in the movie are Daniel K Daniel, Katherine Obiang, Mercy Aigbe, Oge Okoye, Adaora Ukoh, Anthony Monjaro, and Jumoke Odetola. The new movie enjoys the credibility of award winning director, Abiodun Jimoh who has won two Africa Magic Viewers Choice Awards in 2016 with the movie, ‘Bisola Ofege’ and 2017 with the movie, Somewhere in the Dark. Will ‘Wetin Women Want’ raise the award plaque numbers to three in 2018? Time will tell. Speaking on the new movie, the director,Eyes Of Lagos gathered that, Mr Abiodun Jimoh, expressed excitement and optimism on the opportunities the movie has at the cinema. “We have made a very good movie. We have put into consideration the fans who will part with their hard earned money to watch this movie and we believe that we have created magic that can keep them glued to their seats at the cinemas till the end credits roll in”, he said. While speaking on the distinguishing factor of the movie from other competitors, he said “Wetin Women Want’ is not a regular Nollywood movie of romance but a movie that delves into managing relationship and depicting what women want in various fashion. “It opens in the cinemas from February 9, 2018 and I am promising that everyone who comes out to see this movie will be blown away”, he concluded. The movie was produced by Seun Oloketuyi and directed by Abiodun Jimoh. It will finally open in major cinemas nationwide from February 9, 2018.

FG RAISES N7BN FROM SAVINGS BOND IN 10 MONTHS
source : http://www.eyesoflagos.com/2017/12/fg-raises-n7bn-from-savings-bond-in-10.html

The federal government has raised a total sum of N7.3 billion in the past 10 months from its savings bond introduced in March 2017 to boost domestic investors’ participation in the bond market.
The government, this year, planned to use the savings bond to finance the budget deficit but investors’ appetite for investment in the savings bond diminished in the fourth quarter of 2017.
The December allotment figure shows that N246.41 million had been raised, which is the lowest savings bond the Debt Management Office (DMO) generated this year over drop in coupon rate.
Analysts attributed the drop in savings bond coupon to improved macro economy.
The Managing Director, Highcap Securities Limited, Mr. David Adnori said, “The savings bond coupon rate dropped due to improvement in macro economy as interest rate is on decline in the economy. Rates on bonds and Treasury Bills (T-Bills) are all declining”.
The coupon rate allocated were 11.738 per cent for FGNSB DEC 2019, which is a two-year bond and 12.738 per cent for FGNSB DEC 2020, representing a three-year bond.
For November allotment, the figures show that N256 million had been raised through 12.091 per cent (FGNSB NOV 2019) two-year bond and 13.091 per cent (FGNSB NOV 2020) three-year bond.
Subscription in November was the second lowest as investors’ appetite started dropping.
Before November and December, the average coupon rate on FG’s savings bond was pegged at an average 12 per cent to 13 per cent, with a two-year and three -year bonds.
In October, the saving bond allotment dropped by 5.6 per cent to N389.19 million from N412.7 billion, following the slowdown in coupon rates.
The coupon rate assigned to a FGNSB OCT 2019 and FGNSB OCT 2020 in October was at 12.059 per cent and 13.059 per cent respectively, while in September, the coupon rate was at 13.817 per cent (FGNSB SEP 2019) and 14.817 per cent (FGNSB SEP 2020)respectively.
Before the last quarter of 2017, there was increased participation at the debt market in the first quarter as demand for T- Bills, FGN Bonds and the Savings bond increased relative to supply
Specifically, in March the debt office had raised N2.068 billion from the 13.01 per cent two years debt with 2,575 total number of successful subscriptions.
According to Eyes Of Lagos findings, data from Debt Management Office (DMO) showed that the initial auction of the savings bond still had the largest participation in the first quarter and started dropping in the second and third quarter.
At the end of first quarter in April, DMO raised N1,288.02 billion that comprises of N419.33million and N868.69 million for a 12.794 per cent and 13.794 per cent, two- year and three-year savings bond respectively.
In May, it raised N791.15 billion with yields rising to 13.189 per cent for the two-year paper and 14.189 per cent for the three-year allotment.
The yield remained the same in June but the amount raised dropped to N607.26 million.
However, an increased yield failed to spike interest in July, as only N400.57 million was raised from the two-year and three-year paper, although the yield for the papers were raised to 13.386 and 14.836 per cents respectively.
By August, investors’ interest in the savings bond increased along with the yield offered.
The two-year bond was offered at 13.535 per cent, while the three-year Savings bond was offered at 14.535 per cent, just as the DMO was able to raise N738.14 million through the Savings Bond.
Analysts maintained that many retail investors traded with caution following the yuletide celebration, while some diverted funds to the equity market, foreign exchange market, as yield on savings bond and T-Bills are not attractive.

LAGOS GOVT ESTABLISHES 6 NEW PRIMARY SCHOOLS
sourcee: http://www.eyesoflagos.com/2017/12/lagos-govt-establishes-6-new-primary.html

The Lagos State Government on Tuesday said it had approved the establishment of six new public primary schools under the State Universal Basic Education Board (SUBEB).
According to the reports gathered by Eyes Of Lagos, The Executive Chairman, Lagos State Universal Basic Education Board, Dr Ganiyu Sopeyin, who announced this in a statement, said the development was in line with the new government policy on education.
The new schools are Community Primary School, Ibasa, and Community Primary School, Ajewanwa, both in Ojo Local Government Education Authority (LGEA).
Also established are Oladele Aĺaka Primary School, Ejigbo, Oshodi-Isolo LGEA and Iju Ajuwon Primary School, Ifako-Ijaiye LGEA.
The remaining are Osho Sholu Primary School, Ewu Oloye, Erunwen, Ikorodu LGEA and Correctional Home for Boys, Oregun, Ikeja LGEA.
Sopeyin said the policy was to make qualitative and quantitative education available to the teeming children population of school age in the state.
He also said that the Akinwunmi Ambode administration had bridged the gap between public and private primary schools in the state.
Sopeyin said that public primary schools were now better than their private counterparts, stressing that the standard in public schools had improved tremendously given the improved academic performance of the pupils.
He further said that the state government had decided to pay attention to all children, irrespective of origin, adding that desks, chairs and other educational facilities had been approved for procurement.
Sopeyin added that with the new schools, the total number of government primary schools in the state was now 1,016.