ArchMedia Inc

The Central Bank of Nigeria governor has approved the operation of Russian ponzi scheme, MMM, and has called on all Nigerians to take advantage of the awoof. Since the beginning of the year, the Mavrodi Mondial Movement organisation has helped many Nigerians get out of poverty by dashing them up to 30% interest when they invest in it. It has generated a lot of controversy within the country, and the EFCC had warned people not to put their money into it. The participants of the scheme have also blasted the EFCC for poking their nose into the affairs of well meaning foreigners that have come to rescue them from money issues. In a statement given to our reporter in the parking lot of the CBN Headquarters in Abuja, the CBN governor allayed the fears of skeptical Nigerians and disclosed that thorough checks carried out on the organisation show that it is a legitimate investment facility. A top official at the Ministry of Finance confided in us that even the federal government has

The Nigerian National Petroleum Corporation and a Chinese company, Bureau for Geophysical Corporation, have begun mobilising to Alkakeri, Darazo, Misau in Bauchi State to commence the drilling of oil wells in the coming months. The exploration is expected to bring employment and other economic opportunities to the state. The Group Managing Director of the NNPC, Dr. Maikanti Baru, disclosed this when he led top management staff on a courtesy visit to the Bauchi State Governor. He said, “NNPC’s renewed commitment for further exploration in the Gongola Basin is informed by directives to NNPC by President Muhammdu Buhari to resume oil exploration activities in Gongola and Chad Basins following successful commercial discoveries of oil and gas in neighbouring Niger, Chad and Central African Republic in their portion of the Chad Basin.” The NNPC boss recalled that exploration activities in the Chad Basin began in 1974, continued in 1996 to 2000 when gas was discovered in non-commercia

The Senate on Thursday passed the amendment to the law establishing the Joint Admissions and Matriculation Board. The law now extends the validity of the result of the board’s examination from one year to three years. 

The National Judicial Council will on Tuesday hold an emergency session,  The PUNCH  learnt on Sunday. It was learnt that the NJC originally scheduled the meeting solely to consider the candidate most suitable for appointment as the next Chief Justice of Nigeria from the list forwarded to it by the Federal Judicial Service Commission last week. But following the raids on the houses of some judicial officers by the men of the Department of State Services over the weekend, it was learnt that the outgoing CJN and the Chairman of both the NJC and FJSC, Justice Mahmud Mohammed, directed that the issue be included on the agenda of the scheduled emergency meeting. The DSS, at the end of the operations, which lasted at least 12 hours between Friday night and Saturday morning, arrested Justices Sylvester Ngwuta and John Okoro, both of the Supreme Court, as well as Justice Adeniyi Ademola of the Federal High Court in Abuja. The security operatives also searched the house of another jud

The Federal Government has reached an agreement with the World Bank Group and other development partners for the release of $1.3bn for the take-off of the Development Bank of Nigeria. The Minister of Finance, Mrs. Kemi Adeosun, said this on Sunday in Washington DC, United States of America at the closing press conference marking the end of the World Bank/International Monetary Fund’s annual meetings. Adeosun, who spoke alongside the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, explained that the DBN would serve as a means of intervention for the Small and Medium-sized Enterprises in the country to get funds to run their operations and expand in order to achieve inclusive growth for the country. She said, “An agreement was reached on the final steps for the take-off of the Development Bank of Nigeria, which had been stopped due to some issues; we have resolved all those issues, the recruitment process has now been finalised, with management team put in place; an

Instead Trump levelled a blunt attack at former president Clinton — present in the audience — asserting that he has a history of abusing women, and inviting several of his accusers to attend the debate. “If you look at Bill Clinton, far worse,” Trump insisted. “Mine are words, his was action,” he said, claiming that there has “never been anybody in the history of politics in this nation that’s been so abusive to women.” Clinton refused to take the bait, saying she took the advice that “when they go low, you go high.” In the tense opening minutes of the showdown, Trump also clashed with Clinton on her private use of emails while secretary of state, warning that if he becomes president he will order the Justice Department to launch a special investigation into the issue. When Clinton responded that it was “awfully good” that someone with Trump’s temperament was not leading the nation, he shot back: “Because you’d be in jail.” Trump is facing a make-or-break moment after his lewd

HOME BITCOIN GUIDE MARKET NEWS BITCOIN SMEARING FINANCIAL DISPARITY ACROSS AFRICAN BORDERS REMITTANCE BITCOIN CALCULATOR FAUCET ABOUT BTC NINIG What is Bitcoin? Bitcoin is an electronic form of currency  and a payment system invented by Satoshi Nakamoto. Nakamoto unveiled the idea on 31 October 2008 to a cryptography mailing list, and released it as open-source software in 2009. Bitcoin is decentralized peer-to-peer system, No single bank, government, company or individual owns the network or has control over it. This means that your accounts can never be frozen, a government cannot devalue the currency, it can be used in every country and because of the anonymous nature of Bitcoin. A Bitcoin wallet isn’t not tied to any your identity and a new one may be created at will Mining – How Bitcoins are created The Bitcoin was founded upon mathematical proof which stipulate that there can only ever be 21 million Bitcoins. Unlike other currencies, no mor

Barring any last-minute change in plan, President Muhammadu Buhari will on Monday hand over some aircraft in the Presidential Air Fleet to the Nigerian Air Force,  SUNDAY PUNCH has learnt. A top Presidency source told our correspondent on condition of anonymity that the handover ceremony would hold at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja. Although the source was not forthcoming on the number of aircraft to be handed over to NAF, it was learnt that at least two of such presidential jets would be presented to the air force. The source said, “I can confirm to you that based on the directive of the president, the commander of the Presidential Air Fleet will hand over some aircraft in the fleet to the Nigeria Air Force on Monday. The handover ceremony will be open to members of the public. President Buhari may be represented at the event by the minister of defence. It will hold at about midday on Monday.” Out of the 10 aircraft currently in the

The Nasarawa State Police Command has arrested a 25-year-old woman identified as Mrs. Asabe Andrew for allegedly strangling her one-year-and-three-month-old daughter, Esther. According to the command, the suspect then dumped the baby’s body into a river in Gunduma. The state Commissioner of Police, Mr. Abubakar Bello, who paraded the suspect in Lafia, said the command also apprehended a total of 20 armed robbery suspects for committing various offences, including armed robbery and car snatching. “One Asabe Bawa Andrew, 25, was arrested for strangulating her daughter, Esther Andrew, a one-year-and-three-month, and throwing the dead body into a river in Gunduma, Uke Development Area, Karu Local Government Area of the state,” he added. According to the police boss, one 20-year-old Kumi Jayi was also arrested for allegedly killing his friend, Hassan Adamu, 27, for making him impotent, after using a native concoction to enhance sexual performance.

Lionel Messi Barcelona star player Lionel Messi has said he will appeal the court ruling, declaring him guilty of tax fraud. A court in Spain on Wednesday sentenced  Messi  and his father to 21 months in jail for tax fraud and slapped them with a fine of 3.7 million euros ($4.1m).

A court in Spain on Wednesday sentenced Barcelona striker Lionel  Messi  and his father to 21 months in jail for tax fraud and slapped them with a fine of 3.7 million euros ($4.1 million). But these prison sentences are likely to be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years. The Argentina and Barcelona star and his father Jorge Horacio Messi  were found guilty of using companies in Belize and Uruguay to avoid paying taxes on 4.16 million euros of  Messi ‘s income earned from his image rights from 2007-09. The income related to  Messi ‘s image rights that was allegedly hidden includes endorsement deals with Banco Sabadell, Danone, Adidas, Pepsi-Cola, Procter & Gamble and the Kuwait Food Company.

The High Court of Bayelsa State, sitting in Sagbama, has granted the prayers of the Agbereowei family of Bolou-Orua community in Sagbama to possess their land and remove Globacom mast, accessories and fence on their property. The Agbereowei family, in a suit, SHC/02/2015, filed by Miss Justina Agbereowei and Mr. Wednesday Agbereowei (claimants), had sued Globacom (defendant) for alleged failure to pay rents on the land housing its base station running into 10 years. The claimants had prayed the court, presided over by Justice E.G. Omukoro, to declare that they the persons rightfully entitled to the right of occupancy in and over all that parcel of land measuring approximately 40 feet by 40.5 feet where the defendant base station was located is their property. They also prayed the court to declare that the possession of all that piece of land where the Glo base station with code number BLO 001, is built, is their property. They also urged the court to compel the defendant to remo

The Federal Government has released about N13bn to the National Youth Service Corps to assist the agency to pay the outstanding allowances of corps members. With this development, the NYSC can now proceed with the mobilisation of prospective corps members in the country. Our correspondent learnt that corps members and the NYSC workers  had been jubilating since the news got to them. The spokesperson for the NYSC, Mrs. Abosede Aderibigbe, confirmed the release of the N13bn in an interview with  The PUNCH  on Tuesday in Abuja. She was reacting to enquiries about the amount following an earlier statement in which the NYSC was commending the Federal Government for “its prompt intervention, approval and release of funds to accommodate the 2016 Batch ‘A’(Stream II) Orientation course.” She said, “The management of the NYSC also wishes to use this medium to inform and assure prospective corps members, parents, guardians and the general public that the 2016 Batch ‘A’ stream II orientat

The leadership of the Nigeria Labour Congress on Tuesday walked out of the meeting held with the representatives of the Federal Government, vowing to go ahead with its scheduled nationwide strike on Wednesday (today). Representatives of the Trade Union Congress, who also attended the meeting, however, said the TUC would not join the strike. NLC President, Aliyu Wabba, led the labour delegation while the Secretary to the Government of the Federation, Mr. Babachir Lawal, led the Federal Government delegation at the talks held in the SGF’s office in Abuja on Tuesday night. After the meeting, Lawal said, “The National Industrial Court has given an injunction that no strike by NLC and TUC should hold tomorrow (Wednesday). It is therefore clear that anyone embarking on strike tomorrow (Wednesday) is doing so illegally and government is assuring all Nigerians to come out and do their jobs tomorrow (Wednesday). “It the duty of government to provide security for her citizens and anyon

Iceland’s PM resigns “The prime minister told (his party’s) parliamentary group's meeting that he would step down as prime minister and I will take over,” the Progressive party’s deputy leader and agriculture minister, Sigurdur Ingi Johannsson, said in a live broadcast. The junior member of the centre-right government coalition, the Independence Party, still has to approve the switch. Gunnlaugsson, 41, had been under pressure to resign after the leaked documents revealed that he and his wife Anna Sigurlaug Palsdottir owned an offshore company in the British Virgin Islands and had placed millions of dollars there. Thousands of demonstrators had protested outside parliament in Reykjavik on Monday, throwing eggs and yoghurt at the building and calling on the centre-right leader to step down. The left-wing opposition had also presented a motion of no-confidence against Gunnlaugsson. Earlier Tuesday, President Olafur Ragnar Grimsson, who cut short a US visit to

Ivorian international and Sunderland A.F.C player, Emmanuel Eboué, has been banned from taking part in any football-related activity for one year or until he pays the total outstanding amount owed to his former agent if this occurs before the end of the one-year ban. The decision to ban Eboué was announced on FIFA’s website on Thursday. According to the world football governing body, the origins of the case involve a decision passed by the single judge of the FIFA Players’ Status Committee in July 2013 regarding a contractual dispute according to which Eboué was ordered to pay the players’ agent Mr Sébastien Boisseau an amount owed to him based on the representation agreement between the two parties. The decision was taken on the basis of the FIFA Players’ Agents Regulations in force at the time (2008 edition). “On September 9, 2014, the FIFA Disciplinary Committee decided to sanction Mr Eboué with a fine of CHF 30,000 ($31,271) for failing to comply with the decision of the sing

http://archmediang.blogspot.com. ng The crisis  rocking  the Kogi  State  House of Assembly assumed a new dimension yesterday when the complex was finally  sealed of by the security agents. This follows the failure  of the Assembly to resolve the leadership crisis that has bedeviled  the house in the last three months. Our correspondent who visited  the Assembly complex yesterday morning observed that the main entrance to the assembly complex was blocked by heavily armed policemen and prevented members who were billed to conduct budget defence from accessing the complex. The road leading to the complex was also barricaded by armed policemen who subjected staff of the assembly to scrutiny and only allowed them in upon confirmation of their employment status through their Identity Cards. The security agent claimed  to be acting based on instructions from the commissioner of police following a directive from the Force Headquarters in Abuja. Speaking on the seal-off, Mr Aliyu Akuh,

Governor of Kaduna State, Nasir El-Rufai  said on Tuesday night that he has never quarrelled with, nor slapped his Deputy, Barnabas Bala. The governor said Bala has been his friend since they both attended Ahmadu Bello University, Zaria in Kaduna State several years ago. While the governor had First class honours, studying Quantity Survey, his Deputy, graduated with First Class honours in Architecture from the same Ahmadu Bello Unversity, Zaria. Reacting to the rumoured fight between him and his deputy, El-Rufai said he had known his deputy since 1976 at ABU and that nothing has ever led them to fight. The root of alleged fisticuffs between El-rufai and Bala was that the Governor and the deputy have been having a cold war over alleged plans by the governor to sack top civil servants in the state. But El-Rufai, in an interactive session with select journalists simply laughed over the allegation, saying that the rumour mongers were not intelligent enough. The governor explained

Minister of Youth Development, Mr. Solomon Dalung has apologised to Nigerians for the failure of the Super Eagles to qualify for the 2017 African Cup of Nations to be hosted by Gabon. Dalung tendered his apology in a series of tweets on Wednesday. He noted that the country has no good reason for failure to qualify if plans had been properly put in place. “After this abysmal performance at AFCON qualifiers it’s important we return to the drawing board to plan the future of football in Nigeria,” the minister twitted. “Nigerians cannot accept any reason for failure from anybody so we either deliver or we give way to those who can deliver success.”

One of the three deputy governors of the Central Bank of Nigeria is currently on suspension for being involved in ‘a sophisticated plot’ to defraud the bank a huge sum of money, findings by our correspondent have revealed. Top officials of the CBN close to the development told our correspondent that two directors of the bank were also suspended over the multi-million naira scam. The officials, who spoke under the condition of anonymity because they were not authorised to speak on the matter, said their suspension was ordered by the CBN Governor, Mr. Godwin Emefiele, after preliminary findings revealed that they might be culpable. The CBN had on Thursday night said it had uncovered what it described as a highly sophisticated plot to defraud the bank by some people. The bank said in a statement by the Acting Director, Corporate Communications, Isaac Okoroafor, that while preliminary investigations had not revealed any accomplices within the bank, some personnel within the CBN h

Chief Felix Ibru. Source: Punch A former governor of Delta State, Chief Felix Ibru, has died. The business man, who is also a former Senator, was the President-General of the Urhobo Progressive Union from 2007 to 2010. Born on December 7, 1935, Ibru, who died today at the age of 80, hailed from Ughelli North Local Government of Delta State. He successfully contested the governorship election in Delta State in 1991, becoming the first democratically elected governor of the state. In 2003, Ibru who unsuccessfully contested senatorial elections in Bendel State in 1983, was elected into the Senate under the platform of the Peoples Democratic Party. He served for only one term. Source: Punch

Ben Carson. Retired neurosurgeon and former Republican presidential candidate Ben Carson endorsed billionaire Donald Trump on Friday, describing his former rival as “a very intelligent man.” Carson made the endorsement at one of Trump’s clubs in Palm Beach, Florida. “There are two different Donald Trumps,” Carson said in his endorsement. “There’s the one you see on the stage, and there’s the one who’s is very cerebral, sits there, you can have a very good conversation with him.” Carson praised Trump as “a very intelligent man who cares deeply about America.” Carson said that the election is “not about me. It’s not about Donald Trump. It’s about America.” The religiously conservative Carson said that in talking with Trump he discovered that “there’s a lot more alignment, philosophically and spiritually, than I ever thought that there was.” Carson’s outsider campaign soared last year but ultimately fizzled as he stumbled over questions about the veracity of aspects of his com