Lamido Sanusi – I Tried Tracing The Missing $20 Billion

Former Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, said he had begun a process to trace the missing $20bn oil money before his suspension by President Goodluck Jonathan.

Sanusi, in an interview published in New York Times on Monday, said he had a semi-monthly meeting with bank chiefs on February 11, where he “threatened to open the books of the bankers, to trace the money.”

According to him, he suspected some were laundering stolen oil money.

“Some of them were not giving information about their accounts,” Sanusi stated, adding, “I told them I would order a special examination.”

Morell - WaZoBia Ft. Reminisce & Phyno

Lupita Nyong'o and Jared Leto In Rumour Romance

The price for stardom!!!! She is rumoured to be in a relationship with rapper K'Naan, but that hasn't stopped further rumours speculating that Oscars winners Lupita Nyong'o and Jared Leto are more than just friends.

The pair - who have joked about being an item - added further fuel to the fire, after they posed for a selfie together in Paris.

Remembering The Black Frank White,Notorious B.I.G.

Yesterday marked the 17th anniversary of Christopher Wallace's passing at the age of 24. Known as The Notorious B.I.G. in the entertainment world, the Brooklyn, New York emcee will forever be remembered as one of the greatest to ever touch the mic.

D’Prince – Ojoro Cancel Ft Wizkid

Fuse ODG - Dangerous Love Ft. Sean Paul

Top Nigerian Music Producer,Harry Mordi is Dead

Harry Mordi, popularly known as Hcode who was in his mid 20s died after suffering from a Asthma attack.
He produced 2face Idibia and Vector's Get Down.

May his soul rest in peace.

9 Billion Naira Presidential Jet Developed a Technical Fault

On Saturday, president Goodluck Jonathan and some top government officials escaped an air mishap at the Minna Airport, Niger State, when a presidential jet developed a technical fault, while they were aboard.

The presidential jet, Nigerian Air Force 001 (5N-FGT), had earlier conveyed Jonathan to Minna for the -Peoples Democratic Party’s North-Central rally which held at the Trade Fair Centre, Minna.

At the end of the rally, the President returned to the airport in company with top government officials, PDP state governors and party chiefs for a trip to Sokoto, from where he was scheduled to return to Abuja.

However, several minutes after Jonathan had bade farewell to those who accompanied him to the airport, and the door of the aircraft was shut, the aircraft failed to move.

Fourth World Sleep Day Series…..Celebrated By Mouka

Lagos: March 7, 2014: In line with its thought leadership trend on promoting good sleep, leading mattress manufacturer, Mouka Limited, will join the rest of the world to celebrate World Sleep Day, an annual event which comes up this year on March 14th is aimed to celebrate the benefits of good and healthy sleep and to draw society’s attention to the burden of sleep problems.

This year’s event themed ‘Restful Sleep, Easy Breathing, Healthy Body’ bothers on the pillars of a healthy body.
As part of the celebration, Mouka has planned series of activities that surround this theme and will duly educate the Nigerian society on the benefits of a good night’s rest.

Birmingham City Owner Jailed For 6 Years

Carson Yeung, Birmingham City owner has been sentenced to jailed for six years for money laundering.

Judge Douglas Yau handed down the sentence in Hong Kong after convicting Yeung, 54, of five counts of money laundering earlier this week.

Yeung bought into Birmingham City in 2007 and acquired the rest in 2009.
But he resigned from the parent company – Hong Kong-listed Birmingham International Holdings Ltd (BIHL) – while he awaited the verdict.

It is not yet clear what his conviction and imprisonment means for Birmingham City, though for now the day-to-day running of the club will continue unchanged.

New e-Passport Fees

The Federal Government on Thursday in Abuja announced major reforms and costs in all the categories of the Nigerian e-passport.

The reforms are contained in a statement signed by the Comptroller-General of Nigeria Immigration Service, Mr David Parradang.

The statement stated that the approval was conveyed to the service in a letter dated Feb. 5, 2014, from the Ministry of Interior.

According to the statement, with the approval of the new fees and categories of e-passport, a 64-page frequent travellers passport would be obtained at N20,000.

It also said that passports for 18 to 60 year-olds would go for N15,000 while those for people below 18 years as well as 60 years and above would be procured at N8,750.

Also approved, the statement said, was the charge for change of data/lost passport which would cost N20,000.

Similarly, change of names due to marriage, divorce and death of spouse would be effected at N8,750 while change of data on request would attract N30,000 as processing fees.

Fani-Kayode Re-arraigns Over Alleged N100m Money Laundering

The Economic and Financial Crimes Commission on Thursday re-arraigned a former Minister of Aviation, Femi Fani-Kayode, before a Federal High Court, Lagos on N100 million money laundering charges.

Fani-Kayode, whose arraignment for the same charges was the fourth since they were first instituted against him in 2008, again, pleaded not guilty to all the 40 counts.

The re-arraignment before Justice Rita Ofili-Ajumogobia on Thursday followed the amendment of the previous 47 counts of money laundering charges involving about N230 million.

It made the second time of arraigning the accused before Justice Ofili-Ajumogobia after two other judges had previously handled the matter.

Ofili-Ajumogobia, after the re-arraignment on Thursday granted the plea by the accused person’s lawyer, Mr. Wale Akoni (SAN), to allow his client to continue in the bail conditions he was earlier granted.

The judge fixed trial for March 10, 17, 18 and 19. The prosecuting counsel, Mr. Festus Keyamo, assured the court that he would call all his witnesses and complete the prosecution’s case within the four days.

In the amended charges, Fani-Kayode was accused of accepting various sums of money totalling N100 million between July 7, 2006 and May 11, 2007 without passing through a financial institution.

The transaction was said to have violated the provisions of the Money Laundering (Prohibition) Act which sets the limit of cash transaction at N500,000.

The accused was said to be, within the period when the offences were allegedly committed, serving as the Minister of Culture and Tourism and afterwards the Minister of Aviation.

He was accused of violating the law by further depositing the cash payments in his investment account with the First Inland Bank, Plc, Apapa Branch (now First City Monument Bank Plc) for 90 days.

Part of the money was also said to have been deposited in the account of his wife, Regina, and daughter, Remilekun. The accounts were said to be with the same branch of First Inland Bank Plc (now FCMB).

The EFCC named various individuals, including the accused person’s wife and daughter, his “close associate”, Mark Ndifreke and Ojo Agbor as those who executed the transaction on behalf of Fani-Kayode.

Others who allegedly carried out the transaction on behalf of the accused were members of his administrative staff, Florence Salau, Daniel Atogo and Supo Agbaje.

All the named individuals were said to be at large.

The offences were said to have contravened Section 15(1)(d) and punishable under section 15(2)(b) of the Money Laundering (Prohibition) Act, 2004.

He was first arraigned before Justice Ramat Mohammed on December 23, 2008. After the judge was transferred out of the Lagos Division of the court, the matter started de novo (afresh) before Justice Binta Nyako.

Following the subsequent transfer of Justice Nyako from Lagos Division, the matter was transferred to Justice Ofili Ajumogobia, before whom the accused was re-arraigned on February 11, 2013.

NigerianEye