NDIC Revokes licences of Afribank, Bank PHB and Spring Bank!



NDIC MD, Alh Umaru Ibrahim



The Nigeria Deposit Insurance Corporation (NDIC) on Friday (today) announced revocation of the operating licenses of Afribank Nigeria Plc, Spring Bank Plc and BankPHB on the excuse that they have not shown capacity and ability to recapitalise before the September 30 deadline.

Managing Director of NDIC, Alhaji Umaru Ibrahim told journalists in Lagos on Friday that the assets and liabilities of the three affected banks had been transferred to Bridge Banks effective August 5, 2011.

The Bridge Banks include MainStreet Bank Limited, Keystone Bank Limited and Enterprise Bank Limited. All these Fire Bbrigade approach, I thought Sanusi told us September 30? Now this....

MKO Abiola: Nigerians react to Al-Mustapha's claim



Major al-Mustapha departing the court



Since his recent outburst about bribery of somne notable Yoruba leaders in the murder of Chief MKO Abiola, Major Hamza al-Mustapha has received knocks from different quarters. While some dismmissed him as a coward for waiting thisn long to make his revelation public, other analysts believed there must be some element of truth in those allegations.

Human rights activist, Femi Falana described as a man that is hallucinating. Hear him:

“His allegations are diversionary and designed to whip up unnecessary sentiment and make the public lose sight of the gruesome murder of Mrs. Kudirat Abiola, which is the subject of this trial.“I represented the Abiola family at the Oputa Commission of Enquiry. On the many occasions he gave evidence on the illegal killing of General Sani Abacha and Chief M.K.O. Abiola, he never linked the late Chief Bola Ige and Pa. Abraham Adesanya to the killing and neither did he accuse them of connivance.”

You can read further report on this vexed issue when you continue.....

Karen wins BB Amplified!!!

Karen Igho of Nigeria and Wendall Parson of Zimbabwe were on Sunday night declared winners of the sixth edition of the reality show, Big Brother Africa.

The duo were declared winners of the $200,000 each prize at a tension soaked evening in South Africa where the last seven housemates standing were eliminated one after the other. Karen’s win makes it the third time in a row a Nigeria would win the prize. More after the cut!!

Waziri and Adoke reconcile

After almost two weeks of crossfire, the Attorney-General of the Federation, Mr. Mohammed Bello Adoke (SAN) and the Chairman of the Economic and Financial Crimes Commission, Mrs. Farida Waziri, at the weekend met and decided to sheathe their swords.
It was learnt that the reconciliation was at the instance of President Goodluck Jonathan.

The two had disagreed sharply over a gazette regulating the operations of the EFCC, especially on deference to AGF on cases before the anti-graft agency.

Its my baby's birthday!

Ebunoluwa

Mine was July 28, hers is today (July 31!) Join me to thank God for sparing our lives till this day. It's really a good day to be alive. Make sure you leave your comment.

Boko Haram to celebrate 1 year anniversary of slain leader

On July 31, 2010, Boko Haram leader, Yusuf Mohammed was executed bu security agents in Maiduguri. Since then, members of the sect have continued to announce that they meant business by detonating bombs in several parts of Northern Nigeria, especially Maiduguri. The group also claimed responsibility for bombed Louis Edet House, Police Headquarters, Abuja.

To this end, they have vowed to detonate bombs in 7 states across the north including, Borno, Kano, Kaduna, Katsina among others.

For the record, here is an excerpt of the interview he granted a security agent before he was executed:

Officer: We went to your house yesterday and we saw a lot of animals, syringes and materials used for making bombs, what were you keeping all that for?

Yusuf: Like I told you, to protect myself ...

Officer: (Cuts in) ... to protect yourself how? Isn't there the authorities, the law enforcement agencies?

Yusuf: The authorities, the law enforcement agents are the same people fighting me ...

Officer: What did you do?

Yusuf: I don't know what I did ... I am only propagating my religion Islam.

Officer: But I am also a Muslim ...

Yusuf: I don't know why you refuse to accept my own (Islam)

Officer: Why should you say Boko [western education] is Haram (sinful)?

Yusuf: Of course it is Haram

Officer: Why did you say that?

Yusuf: The reasons are so many ...

Officer: The trouser you are wearing ...

Yusuf: (cuts in)...it is pure cotton and cotton belongs to Allah

Officer: But Allah said in the Qur'an iqra (read), that people should seek knowledge...

Yusuf: That's correct, but not the knowledge that contravenes the teachings of Islam. All knowledge that contradicts Islam is prohibited by the Almighty ... sihiri (sorcery or magic) is knowledge, but Allah hath forbidden it; shirk (Polytheism or sharing or associating partners to Allah) is knowledge, but Allah has forbidden it; astronomy is knowledge, but Allah has forbidden it ...

Officer: At your place we found computers, syringes ... are all that no products of knowledge?

Yusuf: They are purely technological things, not Boko ... and westernisation is different.

Officer: How comes you are eating good food – look at you, looking healthy – you are driving good cars, and wearing good clothes while you are forcing your followers to sell their belongings and live mostly on dabino (dates) and water?

Yusuf: That is not true. Everybody is living according to his means. Even you are different. Whoever you see driving good cars is because he can afford them, and whoever you see living in want also means he doesn't have the wherewithal

Photos Speak

Man must survive

Monkey sef na passenger

Mobile Church

Dey wan kill ketekete