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Fidelity Bank Posts Impressive Half Year Results, Earns Over N105bn  |The Source

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By Fola James

Fidelity Bank has sustained the financial performance trajectory of recent years, with another set of impressive financial results, despite the economic challenges occasioned by the COVID-19 pandemic .

Details of the Audited Half Year results ending June 30, 2020 for the top Nigerian lender, released on the Nigerian Stock Exchange, NSE on Thursday September 3, 2020, show strong growth in profits and other indices.

The bank recorded a surge in Profit Before Tax of N12.0bn from N9.8bn in 2019, which translated to a 22 per cent growth. Net profits for Fidelity Bank grew by 33 per cent from N8.5bn to N11.3bn in the reporting period. In other indices Total Assets rose by 13.7 per cent from N2.1trillion in 2019 to N2.4trillion this year whilst Total Deposits rose by 14.8 per cent from N1.2trillion to N1.4trillion during the same period.

Commenting on the results, Fidelity Bank CEO, Nnamdi Okonkwo said the performance for the period, reflects the resilience of the bank’s business model. “Due to the global and domestic headwinds witnessed in H1 2020, we proactively increased our cost of risk as the impact of the pandemic slowed down economic activities whilst adapting our business model to the new risks and opportunities of the new normal” he stated.

Nnamdi Okonkwo
Okonkwo: Performance Reflects Fidelity Bank’s Business Model

According to him, Fidelity Bank, re-stated its H1 2019 figures from N15.1bn to N9.8bn to reflect the impact of IFRIC 21- Levies, which was adopted for the first time on the H1 2020 financials.

“The key impact of IFRIC 21 was that our 2020FY AMCON Cost was recognized 100 per cent in our H1 2020 Accounts rather than been amortized over 12 months as was done previously on our financials” said the Fidelity CEO”.

He further revealed that, without implementing IFRIC 21, profit for the period would have been N17.9bn compared to the N15.1bn reported in H1 2019.

Fidelity Bank has been implementing a digital-led retail strategy and digital banking gained further traction during the period with 87.3 per cent of the bank’s customers now transacting on digital platforms. The figures are up from 82.0 per cent in 2019FY while 51.2 per cent of the bank’s customers are now enrolled on the bank’s mobile/internet banking products.

“Though digital banking income dropped by 29.1 per cent due to the downward fee revisions for electronic transactions in line with the new bankers’ tariff, we have continued to receive positive reviews on our digital channels. IVY, the bank’s chat box is rated as the clear leader, among virtual assistants in the industry, just as our flagship instant banking product (*770#) was also rated in the top tier category in the recently released 2020 KPMG Digital Channels Scorecard” Okonkwo explained.

Retail Banking in Fidelity Bank has continued to also deliver impressive results. Savings Deposits in H1 2020 increased by 32.2 per cent to N363.9bn with the bank on course to achieving the 7th consecutive year of double-digit growth in savings. Savings Deposits accounted for 49.1 per cent of the total growth in customer deposits and now represents 25.9 per cent of total deposits compared to 22.5 per cent in 2019FY.

In reflection of the bank’s early conservative assessment of the sectors that were affected by the COVID-19 pandemic, the bank’s Non-Performing Loans (NPL) ratio increased to 4.8 per cent from 3.3 per cent in 2019FY. Regulatory Ratios however remained above the required thresholds with Capital Adequacy Ratio increasing to 18.8 per cent from 18.3 per cent due to the capitalization of H1 2020 Audited Profits while Liquidity Ratio stood at 32.1 per cent.

Meanwhile, the bank said it’s optimistic about the remaining part of the year . “We believe the new phase of normalcy will unveil some growth opportunities. We will continue to monitor and pro-actively manage any evolving risks as the Nigerian economy gradually reopens and economic activities pick-up in key sectors” Okonkwo stated.

Marwa’s Step Son Marries Buhari’s Daughter |The Source

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By Gideon Njoku

Unknown to many, the handsome man who President Muhammadu Buhari’s beautiful daughter, Hanan, got married to on Friday, September 4,  is the step son of former Military Administrator of Lagos State, Brigadier Mohamed Marwa.

Turad Sha’aban, President Buhari and his wife Aisha’s new son-in-law, is the son of Marwa’s second wife and former Lagos state’s First Lady, Munira Marwa. She had him before she got married to Marwa.

Turad and Hana (The Couple)
Turad and Hana (The Couple)

His father is Sha’aban Mahmud Sani, a former member of the House of Representatives.

The groom, Turad,  is a Special Assistant to the Minister for Works, Babatunde Fashola.

From Left, President Muhammadu Buhari, his daughter (Hanan) , his Son-in-law (Turad), Aisha Buhari (Bride’s Mother) and Munira Marwa (Groom’s Mother)
From Left, President Muhammadu Buhari, his daughter (Hanan), his Son-in-law (Turad), Aisha Buhari (Bride’s Mother) and Munira Marwa (Groom’s Mother).

Both got married in the State House on Friday in a ceremony attended by family and very few family friends.

Buhari’s daughter is a first class graduate of Photography

Senate Bye Election: Ex Gov Dickson Receives Automatic Ticket; Emerges PDP Candidate |The Source

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The crowd defied the heavy rainfall on Saturday to hand former Governor of Bayelsa State, Chief Seriake Dickson, an autonomic ticket to contest for the vacant Bayelsa-west seat   in the Senate

He, thus, effortlessly, clinched automatic the Peoples Democratic Party’s ticket for the bye election.

The Returning Officer, Barr Nicholas Obhiseh, returned Chief Dickson as the validly nominated candidate for the Senatorial contest.

Dickson polled 334 out of 338 accredited delegates with four invalid votes.

He had no opposition.

PDP members from  Sagbama and Ekeremor  decided not to pick the party’s nomination form as a mark of honour to the former Governor who enjoys unprecedented acceptability and popularity in the area.

Speaking shortly after his return as the PDP Senatorial Candidate, Chief Dickson commended the people for their unflinching dedication, loyalty, support and prayers throughout his eight years as governor, and for finding him worthy of another serious mission.

The former Governor  commended the party supporters  from the senatorial district for the honour given to him to have the party’s ticket in spite of several top political leaders who are qualified for the contest.

Chief Dickson praised the people for leaving all their engagements to troop out in the rain to welcome him back to the senatorial district.

The former Governor who promised the people that he would not fail them,  said that Bayelsa West, Bayelsa and indeed the Ijaw nation needed very strong voice and representation at the National Assembly especially at a time when controversial bills like the Water Resources bill were being reintroduced into the National Assembly.

He said that he had always being in the vanguard of the defence of the people on sensitive matters such as the water resources bill, restructuring, resource control, revenue allocation and others.

Chief Dickson called on the people of Ekeremor and Sagbama, the two local government areas making up the senatorial district, to be resolute in defence òf the long standing power sharing agreement between the two local government areas making up the district.

He advised the people to resist those who were out to destroy the prevailing peace and unity between the members of the two communities.

“I am a proponent of the zoning. This will make Sagbama and Ekeremor become more united in the interest of posterity. I will spearhead it.

“We will defeat those who are working against the interest of the Ijaw nation.

After the primaries, there should be operation deliver your unit, ward, your community,

”The unity òf Ekeremor and Sagbama should be sustained. We should not subvert the unity of our people because of  individual selfish interest of some persons.

“There are a lot of battles at the National Assembly, the voice of the Ijaw nation should be heard.

This election is for the unity of our people, it is not about me. Sagbama and Ekeremor unity will triumph.”

Thousands of party supporters from Sagbama and Ekeremor Local Government Areas defied a heavy downpour to receive the immediate past Governor of Bayelsa State, His Excellency, Chief Henry Seriake Dickson on Saturday.

The former Governor was visiting the state for the first time after handing over to his successor in February due to Corona virus pandemic, to participate in the Senatorial primaries PDP for the Bayelsa West Senatorial District.

The party supporters who came out as early as 8am besieged the East West Road at Sagbama to welcome the former Governor ahead of the primaries.

Chief Dickson thanked the State Governor, Senator Douye Diri, his Deputy, Sen Lawrence Ewhrudjakpo, Ijaw National Leader, Chief Edwin Clark, traditional rulers, top political leaders, and the entire PDP family for their support.

$10bn P&ID Fraud: Shasore Indicted By UK Court; Reveals How He Bribed NNPC; Sabotaged Country |The Source

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Olasupo Sashore

By Akinwale Kasali

A United Kingdom Court has revealed how a former Lagos Attorney General and  Commissioner for Justice sabotaged Nigeria. A former Lagos Governorship Aspirant in 2015, Supo Shasore, was  indicted by a United Kingdom Court for Corrupt Practices.

Shasore, an associate to former  Lagos State Governor, now Minister for Works and Housing, Babatunde Raji Fashola, was the first Counsel Nigeria hired to defend its interest against the monstrous and fraudulent claim of almost $10billion made by Irish company P&ID.

Shasore was saddled with the Responsibility to defend and protect the interest of Nigeria. But it turned out that he, allegedly, betrayed Nigeria’s trust and let down his nation by allowing himself to be, allegedly, corrupted by P&ID.

He was, alleged, to have in turn corrupted some public officials working for the Nigeria National Petroleum Commission, NNPC, and the Ministry of Petroleum, with bribes totalling $200,000.

Sir Ross Cranston of the UK High Court of Justice Queen’s Bench Division Commercial Court put Shasore’s conduct under scrutiny in the judgment delivered today.

He concluded Sasore was compromised by the guys in P&ID.

According to the judgment read by Cranston, Nigeria’s lawyer, Mr Howard accused Sasore for deliberately defending the case thinly, at the first two stages of the arbitration, such that the Tribunal had no choice but to find for P&ID.

“The reason was that he had colluded with P&ID, with the inevitable result that Nigeria would lose the case”, Howard said.

”In advancing his case, Mr Howard pointed to various factors: Mr Shasore had advised a speedy settlement, as in his 17 July 2013 letter to the then Attorney General, without investigating the obvious line of defence that P&ID, a BVI company with no experience, assets or finance, would not perform.

“Next, Mr Shasore concealed his involvement from his own firm.

“Further, in the conduct of the arbitration he did not seek disclosure of any of the 100 files Mr Quinn referred to in his statement, relevant to the preparatory work P&ID was said to have performed.

“Finally, there was no useful evidence on the Nigerian side in Mr Oguine’s witness statement, which he drafted.

“It was significant, Mr Howard submitted, that in the arbitration proceedings Mr Shasore failed to challenge Mr Quinn’s evidence of P&ID’s ability and willingness to perform the contract and the US$40 million said to have been expended.

“His attempt at cross- examination of Mr Quinn was bound to fail when he had not challenged anything significant in Mr Quinn’s statement, the issue of cross-examination was foreclosed at the case management hearing in which he participated, and Mr Quinn was dead (which he claimed not to know).

“Then there were Mr Shasore’s reply submissions, added Mr Howard, where he wrongly asserted that his statement of disputed facts essentially challenged all the facts in Mr Quinn’s statement.

“Additionally, Mr Shasore dragged his feet when conduct of the arbitration was transferred from the Ministry to the Attorney General for the quantum stage. At the quantum stage, Mr Howard submitted, Nigeria’s new counsel, Mr Ayorinde, was precluded from reopening the matter.

“Not only did he not know of Mr Shasore’s behaviour, he had no basis to apply to reopen the Tribunal’s prior findings”, Howard concluded.

P&ID’s lawyer, Mr Mill defended Shasore and submitted that it simply could not be said that this was a fabricated dispute, and Nigeria did not treat it as such.

“Through Mr Shasore Nigeria advanced what would have been a knock-out blow with its challenge on jurisdiction with an argument which even the Attorney General, Mr Malami, thought was a good one.

“That was entirely inconsistent with the suggestion, said Mr Mill, that Mr Shasore was somehow conspiring with P&ID and putting up a sham defence for the sake of appearances.

“There was no evidence, submitted Mr Mill, to support Mr Howard’s speculation that Mr Shasore might have been corrupted, if not from the outset of the arbitration, certainly after the Jurisdiction Award.

“The reality was, Mr Mill contended, that this was a genuine dispute which, given the language of the GSPA, Nigeria was hard-pressed to defend, but which it fought over a number of years from its inception in August 2012 until the Final Award in January 2017. Mr Shasore’s conduct, and the Nigerian defence generally, were inconsistent with a deliberate plan to lose the case.

” As to the liability hearing, submitted Mr Mill, Mr Shasore tried his hardest – having misapprehended the implications of Procedural Order No. 9, and the discussion at the case management conference – to get himself out of a hole. By reference to the transcript and the Tribunal’s reasons, Mr Mill also submitted that there was nothing to prevent Mr Ayorinde from reopening the matter at the quantum stage of the arbitration.

But Sir Ross Cranston, after reviewing the case against Shasore concluded:

“At one level I can see that in Mr Shasore’s favour it might be said that he did the best he could in circumstances where he had a difficult case and, at least for part of the time, faced a lack of instructions from the Ministry (as I have mentioned above). Albeit he did not seek discovery, he did advance the jurisdiction argument, and at the liability stage identified at short notice six facts in Mr Quinn’s statement which Nigeria wished to dispute (albeit that P&ID did not need to rely on them).

“Moreover, it might be said that Mr Shasore took a number of points on liability, although the Tribunal dismissed them without too much difficulty. Whatever the cause it seemed to follow as a matter of course that at both the liability and quantum stage the Tribunal would accept Mr Quinn’s evidence as to the willingness and ability of P&ID to perform its part of the GSPA. As Mr Mill put it, Mr Shasore faced the timeless problem of advocates dealt a poor hand and making the best they could.

“However, what persuade me of a prima facie case of dishonesty in Mr Shasore’s conduct of the arbitration are his payments of US$100,000 each to Ms Adelore and Mr Oguine. Ms Adelore occupied Ms Taiga’s position at the Ministry as the senior lawyer, and Mr Oguine was her counterpart at the NNPC. Their salaries as public servants, according to the Attorney General, Mr Malami, were some $5000 per annum.

“Mr Mill submitted that these payments had nothing to do with P&ID. Moreover, Mr Shasore had volunteered the information about them to the EFCC and described them as gifts.

“The argument that Mr Shasore volunteered the payments goes nowhere, since once the EFCC had information from the bank accounts it was difficult to deny them. As to Mr Shasore’s account that these were gifts, that does not seem to me a complete and honest explanation for why he should make these payments to these senior public servants.

“Part of the picture is that after the payment to Ms Adelore, she wrote to the Ministry’s permanent secretary on 30 December 2014 recommending a settlement. We also saw that when the EFCC investigated in the first part of 2016, she was the source of information at the Ministry. I have also mentioned that Mr Oguine was charged with producing witnesses for Nigeria but instead put his name to a witness statement in May 2015 which the Tribunal said was of no assistance to its case. Moreover, with Mr Shasore, Ms Adelore and Mr Oguine comprised Nigeria’s settlement team in late 2014.

“In the result there is a possibility that Mr Shasore had been corrupted. At the least I accept Mr Howard’s submission that there is a prima facie case that Mr Shasore made the payments to Ms Adelore and Mr Oguine to purchase their silence in relation to his conduct of the arbitration and settlement negotiations. There is therefore a prima facie case that the arbitration proceedings were tainted.

” At the point of the Jurisdiction and Liability Awards the position was compounded if, as Mr Howard submits, Nigeria’s counsel, Mr Shasore, had been corrupted. Even if Mr Shasore had not been corrupted, I accept Mr Howard’s submission that Mr Shasore could not reasonably have been expected to discover if, as seems to be the case, that the GSPA was procured by bribes, and that P&ID’s plan from the outset was to extract money from Nigeria through contrived settlement negotiations or arbitration.

“When Mr Shasore was replaced for the quantum hearing and Final Award, I also accept Mr Howard’s submission that Nigeria’s new counsel, Mr Ayorinde would have no reason to suppose that Mr Quinn’s evidence to the Tribunal had been perjured, that P&ID was not a legitimate business which was ready and able to perform the GSPA, or that Mr Shasore was implicated in illegitimate payments to senior civil servants acting with him.

“Mr Ayorinde’s conduct of the arbitration in this regard is explicable

Ogun PDP Crisis: Adebutu Hijacks Party |The Source

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By Akinwale Kasali

Few weeks after the death of Peoples Democratic Party, PDP, Candidate at the 2019 Gubernatorial election in Ogun State, Buruji Kashamu, his contemporary in the Party, Hon. Oladipupo Adebutu has hijacked the Party structure in the State.

Adebutu’s faction took over the party’s secretariat from loyalists of the late Senator Kashamu.

The hijacking of the party secretariat in Abeokuta is coming less than a month after the death of Kashamu, whose loyalists have been occupying the building for almost five years.

It will be recalled that the two factions had earlier held parallel congresses to elect new state executive officers of the party.

The Adebutu faction has Hon. Sikirulahi Ogundele as its State Chairman, while the Kashamu faction is headed by Hon. Samson Bamgbose.

The National Chairman of the PDP, Uche Secondus, and the PDP National Working Committee, gave the Adebutu faction the nod.

But, the late Senator Kashamu and his followers relied on a 2016 court judgement to conduct their congresses without the input of the PDP NWC.

The group said:“In line with the judgement of the Federal High Court, Lagos, in Suit No. FHC/L/CS/636/2016, the PDP Ward, Local Government and State Congresses were held in Ogun State on the 7th of March, 21st of March and 3rd of April 2020 respectively.”

Akinloye Bankole, the Publicity Secretary of the Adebutu PDP faction has confirmed the new development of their faction taking over the affairs of PDP in the State.

According to Akinloye, “the secretariat was handed over to the state Chairman, Alh. Sikirulahi Ogundele, on Friday afternoon by the (Ogun State) Commissioner of Police on the instructions of the IGP.”

Reacting, Hon. Samson Bamgbose, the Chairman of the Kashamu faction of the PDP in Ogun, frowned at what he termed the “illegal takeover” of the party secretariat on Friday, saying the action will be reversed in due course.

A statement issued on Friday by Bamgbose quoted him as saying that it was, “most disturbing that in a democracy, the Commissioner of Police in Ogun State, Edward Awolowo Ajogun, could allow himself and the Command to aid and abet some dissidents to invade and forcibly take over our Party Secretariat in flagrant disregard for valid and subsisting orders and judgements of courts.”

While urging his loyalists to remain law-abiding, Bamgbose expressed confidence that the action would be reversed in due course.

“We wish to implore our teeming supporters and party faithful to remain calm, knowing that this illegality like others before it will not stand the test of time and the law,” he said

In an interview a few days after Buruji’s death, former Governor of Ogun state, Gbenga Daniel had said that the late Senator was going to hand over the structures to him before his sudden death.

Recall that Buruji had alleged that former President Olusegun Obasanjo has backed him to wrest the PDP structure from Daniel.

Ghana Bows To Pressure, Set To Review $1.5 Million Capital For Nigerian Traders |The Source

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Nana Akufo-Addo

By Akinwale Kasali

President of Ghana, Prof Nana Akufo-Addo, has assured Speaker of the House of Representatives, Femi Gbajabiamila, of the readiness of the Ghanaian Government to consider the resolutions reached at the meeting between Nigerian and Ghanaian lawmakers at the Ghanaian Parliament House.

Akufo-Addo gave the assurance when the Speaker of Ghanaian Parliament, Mike Oquaye, received his Nigerian counterpart who was on a courtesy visit to him  at the Jubilee House, Accra, Ghana.

This was contained in a statement issued on Friday by the Chairman of the House Committee on Media and Public Affairs, Benjamin Kalu.

The statement was titled, Ghana to Consider Resolutions From Legislative Diplomacy in Resolving Trade Dispute – Ghana’s President Akufo-Addo tells Gbajabiamila…as Nigeria’s Speaker Makes Case for the Amendment of Ghana’s GIPC Act.

Gbajabiamila had led a delegation of members of the House on a two-day “legislative diplomatic mission” to Ghana, to explore legislative diplomacy towards resolving the issues affecting both countries.

The dialogue between the parliaments of the two countries had sought modalities to resolve challenges and provide an enabling business environment for foreign traders, especially Nigerians doing business in Ghana.

Several foreign businesses in Ghana, many of which are owned by Nigerians, have been facing challenges in the demand for $1m capital base, as enshrined in the Ghana Investment Promotion Centre Act (2013).

Responding to a request by Gbajabiamila for a review of the GIPC Act to make certain concessions, Akufo-Addo said the request was in order as it “makes a lot of sense.”

The Ghanaian President, who expressed satisfaction with Gbajabiamila’s visit, endorsed his proposal for the establishment of a ‘Nigeria-Ghana Business Council’ established by law in both countries.

Akufo-Addo further suggested the setting up of a joint ministerial committee between the two countries that would “shepherd” issues between Ghana and Nigeria.

Part of the resolutions is the amendment of a Ghanaian law that makes it compulsory for foreigners (including Nigerian traders) to have $1m as capital base to operate businesses in the West African country.

Nigeria and Ghana have been having a face-off over the persecution of Nigeria’s businessmen which led to the shutting down of their businesses.

Last week, the Federal Government, set it was set to apply the for for tat principles.

But Gbajamiamila led a delegation from the House to his Ghanian counterpart where the two countries reached an agreement to handle the issue amicably.

AFCON Trophy Missing |The Source

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AFCON Trophy

By Akinwale Kasali

The trophy for the African Cup of Nations has been reportedly stolen from the Egyptian Football Association (EFA) headquarters in Cairo, Egypt.

Former Egyptian Football Association (EFA) Vice-President and current ONTime Sports broadcaster, Ahmed Shobir, confirmed the Africa Cup of Nations trophy disappeared from the headquarters of the EFA.

“The EFA started looking for some trophies as they aim to put them in a notable museum inside the EFA,” Shobier said.

“However, the EFA was surprised to find that the AFCON trophy was lost and decided to open an investigation.

“They were informed by an employee inside the association that it was held by former Egypt captain Ahmed Hassan who refuted this claim. Nobody knows where is the trophy at the time being.”

According to Hassan, he kept the trophy at home after winning the Africa Cup of Nations title in 2010 and gave the trophy back to the Egyptian Football Association in 2011.

Ahmed Hassan was the national team’s captain in 2008 in Ghana and 2010 in Angola.

Femi Kuti: Why I Pulled Out Of 2012 Fuel Protest Against Jonathan; Reveals Why He Turned Down Osinbajo’s Invitation To APC |The Source

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Femi Kuti

By Adesina Soyooye

Afrobeat Music star, Femi Anikulapo-Kuti, has revealed that he pulled out of the 2012 fuel price protest against the Goodluck Jonathan Government when he found out it was politically motivated. He said he got a backlash for pulling out, but that he stood his ground.

Femi revealed this in a statenent following the uproar that has greeted the hike in fuel price by the Muhammadu Buhari Government early this week.

In 2012, an adhoc association which called itself, Occupy Nigeria, had occupied,  for days, the Ojota square Lagos, in protest of the fuel hike then. In hundreds, they were entertained, everyday, by musicians, and fed to the hilt.

The Government reversed, meeting them half way.

In the statement, Femi said he was invited to join the protest against the Jonathan Government.  He said he did, but pulled out as soon as he realised it was politically motivated.

He also revealed that Vice President Prof, Femi Osinbajo called and, invited him to join the APC, but that he turned him down. Explaining  why, Femi said he would never be part of any political party that does not have the interest of the masses at heart.

Femi: ” I want to state for clarity and posterity my role in the Ojota pretest. I was invited for what I, and many, believed was a genuine cause regarding the cost of fuel. As soon as I found out it was politically motivated, I pulled out. I got a lot od backlash at the time, but I stood my ground.

“For the record, I have NEVER, and will NEVER affiliate myself with any political party that I don’t feel has the genuine interest of the people of Nigeria at heart.

“Even when the VP approached me to join APC, I blatantly refused, as I also refused to join the PDP or any political party.”

Femi’s father, Fela was jailed, for five years, by Buhari’s Military Government.

Early this week, the Nigerian Government hiked the price of fuel from N148 to N151 per litre. It is now being sold for N162 per litre. The Government says it can do nothing about it, just as Marketers warned it could, and would keep rising.

The increase has been greeted with strong condemnations from several quarters. It came the same time as the hike in electricity tariff.

Given the financial crunch on Nigerians and the hunger in the land, worsened by the outbreak of COVID-19, many describe the hikes as insensitive.

Labour Unions are gearing for a nationwide protest. On Friday in Osun State, many people took to the streets to protect the hikes.

Messi Bows To Pressure, Rescinds Decision To Quit Barcelona |The Source

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By Akinwale Kasali

Barcelona Football Club of Spain and Argentine National Team maestro, Messi, has bowed to pressure from the Catalan Giants and to avoid FIFA Sanction, as he has agreed to return to his Current Club.

Messi has quashed his intention of signing for Barclays English Premier League Clubside, Manchester City Football.

In the past few weeks, there has been intense pressure on the six-time World Footballer of The Year to jump ship and reunite with his former Coach, now at Manchester City, Pep Guardiola.

But he has bowed to pressure to remain,  moreso, as the English Clubside was not ready to part with a record breaking and whopping sum of €700 Million for the 33 year-old superstar.

Buhari Is Best President Of Nigeria, Ever – Arthur Eze |The Source

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By Charles Igbo

Billionaire businessman, Chief Arthur Eze, says  Muhammadu Buhari Is the best President Nigeria has ever had.

The Anambra State -born businessman was responding to remarks made by Dr Chris Ngige, Minister of Labour and Productivity, on the Anambra State Traditional Rulers who were suspended  by Governor Willie Obiano for travelling out of the state without the knowledge of the State Government.

They were suspended for an initial period of one year.

The Traditional Rulers were sponsored to Abuja by Eze, who also booked the appointments for them to visit President Muhammadu Buhari.

Eze said the trip was to say thank you to Mr President for his (President’s) good works in the South East Zones.

Even though they ended up not seeing the President, and were,  instead, received in audience by Chief of Staff, Prof. Ibrahim Gambari, the trip caused an uproar, especially, as a video which went spiral on Whatsaap showed the Traditional Rulers sharing money in Arthur Eze’s house.

Chief Eze, whose brother, the Traditional Ruler of his community was, ironically, was not on the trip, had come under strong criticisms by many people from the South-east zone, including Ngige, for the role he played in the Abuja trip. The questions were: What did he stand to gain? If the trip was to thank Buhari, why would be less it? Where was the Chairman of the Council not aware of the trip? Why was the Governor not aware? And why he not include his brother in the trip?

The State Government saw the trip as a disrespect for constitutional authority capable of causing a breach of the peace. It called it a mischief.

Ngige had asked the Governor to go beyond the one year suspension placed on the Traditional Rulers, and banish them from their communities so as to stop them from  disrupting the peace in the affected Communities. “When you suspend somebody from office, you bar the person from the office environment”, Ngige, whose Traditional Ruler was one of those suspended.

President Buhari
President Buhari.

He, also, canvassed that  a punishment be meted out on Exe for sabotage against the state.

Irked, Eze dismissed Ngige’s submissions as the ranting of an ant, boasting that he had sponsored three African Presidents to office, one of whom gave him an oil well. He also boasted that he had giving a Governorship candidate in Nigeria, the sum of N10bn Naira. Ngige, he therefore, said is a little fry to him.

He dismissed Ngige’s call for the banishment of the Traditional Rulers as nonsense, and laughed at the thought of the Anambra State Government punishing him for sabotage.

Stung by Eze’s choice of words, Ngige said that Eze was his friend of many years who he housed and fed when he, Eze, was struggling to make ends meet as a trader selling tee-shirts.

Perhaps, embarrassed by Ngige’s disclosure, Eze went for the juggler.

In a statement by his Media Directorate, the businessman described Ngige as “an ant in human flesh,” saying he would have ignored the Minister’s outburst, but for the fact that he was serving in the best Government Nigeria has ever had, Ngige having become an accidental Minister.

Chief Eze:”We would have treated his ranting as the ranting of an ant who, by all social and political equation is an inconsequential product of history.

“We are, however, tempted to add a voice in view of his undeserved portfolio as a Minister in a Government that has been acclaimed as the best in Nigeria’s history under the able leadership of our beloved President Muhammadu Buhari.

On Ngige’s advice to the Governor to banish the Traditional Rulers, Chief Exe said: “One wonders how a Minister and a former Governor can wake up from slumber overnight and start calling on a state Governor to banish traditional rulers whose only offence is that they took a trip to Abuja to commend his boss, the President, for the magnificent jobs he is doing for the people of their zone.”

Eze, also, accused Ngige of not taking time to understand the political colouration given the trip by the state government.

Many of the Traditional Rulers beginning with Ngige’s, who he insists was imposed on the community by former Governor Peter Obi, and Obiano, have since apologised to the Governor.

However, many people expect the President to call to order his Minister and Eze, who Ngige labelled a fair weather friend, and dismissed as “Any Government In Power.”

Eze, for years, has been close to every Head of State/ President, from as far back as General Sani Abacha.