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Monday 20 June 2016

NEW FOREX POLICY: OVER N100 CHOPPED OFF AS MARKET OPENS.

Image:vanguard ngr
Incredible...
As the new CBN policy took effect this morning, the market has seen
almost N100 taken away from the naira. As the Naira was quoted at
N253 against the dollar, and there are chances the rate could go
further down before the closing bell. The CBN last week, decided to
scrap its fixed exchange system and handsoff naira control. And it
looks like the policy is paying off right. The new policy will now
allow the market to ultimately determine naira value. I call this True
Forex.
So...no more dollar subsidy that never ceases to favour the rich.
This ultimately means that if you had $1000 in your account which was
what about N360,000 days ago,you would be what just N260,000 or less
by the end of today. But don't worry, your loss is the gain of over
160million Nigerians.
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31 DEAD, MORE MISSING AS FLOODS CONTINUE IN CHINA.

Extreme weather conditions in the form of rain and storms in the
southern provinces of China have continued to affect lives and
properties in the area. The civil affairs commission has reported that
so far,the. death toll stands at 31, with 6 people missing. As many
98000 houses have been destroyed. Provinces that have been left
seriously flooded includes: The current affected
areas include Zhejiang, Fujian, Jiangxi, Hunan,
Guangdong, Guangxi, Chongqing, Sichuan,
Guizhou, Yunnan, Jiangsu, Anhui, Shandong,
Henan, Hubei provinces.
The problems started when heavy rains began on June 9, and since
then have continued, causing unprecedented floods and landslides that
have devastated more than 3 million people. Including thousands that
have been evacuated from their homes.
"One person drowned in flood waters in Jiangxi
and another 2 died after a house collapsed. Four
fatalities were reported in Hunan, with a further 4
missing. Two victims were struck by lightning in
Guangdong province. One person died and 2 are
missing after a house collapsed as a result of
heavy rain in Guangxi. In Guizhou province, four people died in flood
water, another victim died in a landslide, where a further 4 are still
missing." The civil affairs commission reports.

The rain and floods have also affected agriculture, thousands of
hectares of crops damaged. Ministry of Civil Affairs estimates that
the recent severe weather has inflicted a direct economic loss of 2.4
billion yuan.

Stats source: floodlist.com
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OLISEH: NIGERIAN JOB WAS AN EYE OPENER FOR ME.

Image:sunday Oliseh

...Turns down job offers.
Sunday Oliseh, believes he has learnt a lot as a one time super
eagles coach, and wants to concentrate on his job at FIFA.
Sunday Oliseh who will be at the Rio Olympics as an analyst has
revealed that he has been refusing coaching offers from teams and
clubs,including a lucrative offer from china. And that's because he
has learnt enough lessons coaching the Nigerian national team.
"For a while I'd love to analyse matches at
international tournaments going on and learn the
latest trends in the game and also develop myself
more,".
The former Nigerian captain had earlier turned down offers from
south African teams.
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DRAMA IN COURT AS NNAMDI KANU'S LAWYER THREATENS TO PULL OUT.

...Case adjourned till september.
Chuks Muoma(SAN) lead council on IPOB leader, Nnamdi Kanu's case has
threatened to withdraw his services from the trial. Muoma declared
that he would be withdrawing from the case following a supposed
"extraction" of his client by another lawyer.
The client in question is one Benjamin Madubugwu, who incidentally
is the second defendant. He was supposed to be on trial together with
Nnamdi, but announced to the court that he didn't want Muoma to
represent him again.
Meanwhile, Benjamin's new lawyer, amidst the confusion, begged
Muoma, explaining that he. Had no intention of 'stealling or
snatching' away his client. Muoma, a senior lawyer, described the act
as an affront to him. But Amobi Nzelu, Benjamin's lawyer is of the
opinion that every defendant has a right to choose his own counsel.
Still on this, Muoma insisted that the case be adjourned to give
Mr. Benjamin and hisnew lawyer enough time to make studies on the
application. Since no objections were raised, the judge adjourned the
case to september 26, 2016, for hearing and trial.

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WORLD REFUGEE DAY: ICELAND KICKS OUT BOKO HARAM VICTIM.

As we celebrate the World Refugee day, Al jeezra has brought the
story of an enterprising young Nigerian who got deported from iceland
after leaving there for four years now. For no other reason other than
he's not wanted.
Eze Okafor, a 32 year old man fled Nigeria 6 years ago in
2010,after being terrorised by the deadly islamic sect-Boko Haram.
According to him, he fled the country because the sect wanted to
recruit him as a member by force. He said that twice he and his
brother were attacked for not consenting to join the group. The second
time, his brother was killed while he escaped with injuries on his
face where he was stabbed by assailants.
Thereafter, Eze saw the need to flee for his life,and he did. He
made a very risky journey by boat to Europe and sought asylum in
Sweden. His plea was rejected despite showing the authorities his
fresh and infected wounds. He made his way to iceland, applied for
asylum in 2012,but that was also denied.
After the deadline for his asylum request elapsed(6months), he was
told to have his asylum request processed at the immigration. He got
to the immigration and another twist in the case came up:
"The police said I should come to sign and all of a sudden they took
me into custody. They arrested me. I spent the night in jail,"

"They next morning they said they were
deporting me. I said I should go and get my stuff
from my house. They said no. They took me to
the airport and manhandled me."
Eze also added that the treatment he received from the immigration
unit, did not go down well with his friends who raised protests.
"In Iceland, I have been integrated into society, with so many
friends. A lot of people know me. So when the police was beating me,
when I was arrested, there was a lot of reaction."
On may 26, he was handcuffed and put on a plane for deportation.
Two members of a human rights group tried to rouse other passengers of
the plane to protest against the treatment, but that only got them
arrested.
He was taken back to Stockholm in Sweden, and in place of the only
ID he had- his driver's license, a paper was handed to him which
stated that he had no rights to any financial assistance or whatsover.
He spent his first night on the streets.

Fear of the unknown.
Eze has been given a deadline of June 1, to leave Sweden or be
deported, this time straight to Nigeria. Today, Eze is uncertain and
confused about his future. But he believes one thing, returning to
Nigeria would mean death for him.
"The activities of Boko Haram are real and are at all levels of the
government. They have a network" he said.
He said his mother taught him how to cook, and that he loves cooking
Nigerian dishes. Adding that cooking is his passion, and that he loved
his job working in a restaurant in Iceland.
He also talked about the possibility of his going back to iceland.
And opening a restaurant.

"When I was in handcuffs on my way to Sweden, I was pleading with
them," Eze said. "I am not a criminal. I did not commit any crime. I
am asking for refuge. They should treat me like a human."
He lamented with pain.
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NIGERIAN PAGEANT QUEEN IS DEAD.

A contestant at the 2016 Nigerian missTourism, which is supposed to
hold in July has been confirmed dead. Maureen Onu, who was widely
tipped to succeed at the competition coming up on the 9th of next
month died on thursday june 16th,after a brief illness.
The CEO of the organisation, Santiago Roberts described the loss
as a painful one. In his statement he said Maureen was a wonderful
person, who was ever ready to run errands and give herself up for any
help.
"She was hoping to represent her state[Ebonyi] at the pageant,
and winning would have made her the first queen to come from Ebonyi
state". The CEO also added that a few arrangements were on ground to
introduce activities that will honour the deceased queen.
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JUST IN! NNAMDI KANU ARRIVES COURT WEARING BIAFRA WRIST BAND.

Today, the leader of the Indegenous People of Biafra NnamdiKanu,
was arraigned before a Federal high court in Abuja. And he arrived the
court premises all smiles, sporting an "I love Biafra" wrist band. No
apologies.
Nnamdi Kanu was arrested by the Federal Government for running an
illegal radio station from London(Radio Biafra). He faces charges of
treason at the. Federal high court in Abuja.
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