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Oyo State Governor Declares His Assets Publicly, Asks Others To Do The Same

Oyo State Governor Declares His Assets Publicly, Asks Others To Do The Same

Oyo State Governor, Seyi Makinde, has publicly declared his assets after he received a copy of the asset declaration form which he had earlier submitted to the Oyo State office of the Code of Conduct Bureau (CCB) in Ibadan.

The details of the assets are contained in the CCB 1 with the name Oluseyi Abiodun Makinde, which was declared at the High Court of Oyo State, on May 28, 2019.Oyo State Governor Declares His Assets Publicly, Asks Others To Do The Same

The assets declaration form, marked OYSE/2019/001 contained details of cash at hand, in the bank, landed properties (developed and undeveloped), household items, share and bonds owned by the governor, his wife, Omini Makinde as well as his companies.

According to details of the asset form made public by Mr. Taiwo Adisa, the Chief Press Secretary to the governor, Makinde has cash at hand and in the bank worth N234,742,296.01, while in dollar terms, Makinde has cash valued at $30,056.99 as of May 28, 2019.

”Properties, including the developed and undeveloped as well as household items indicated on the asset forms, showed that the governor is worth N2, 624,800,500 as of the date of asset declaration.

In Dollar terms, the governor also declared property, developed and undeveloped as well as household items valued at $4,400,000 (four million, four hundred thousand dollars only.

”In South African Rands, the governor declared buildings and household items worth four Million, four hundred and fifty-seven thousand, five hundred and fifty-four and four South African Rands.

”The houses declared by the Makinde include nine buildings in Nigeria, two in the US and one in South Africa.

One of the properties in the U.S. is described as ‘jointly owned’.

”The details showed the current value of Makinde’s companies stands at N48, 150,736,889, with 33, 730,000 units of shares as of May 28, 2019.

”The governor also has existing Bonds (Eurobond) worth $3, 793, 500 as well as shares, debentures and other securities valued at N120,500,000.

”The companies listed by the governor include Makon Engineering and Technical Services Limited, Energy Traders and Technical Services Limited, Makon Oil and Gas Limited, Makon Group Limited, Makon Construction Limited, and Makon Power System Limited,” the asset declaration form stated.

In addition, the asset declaration form indicated that Makinde’s four companies have additional assets denominated as loan notes ”including Makon Engineering and Technical Services Limited (N1.7 billion).

”Makon Power System Limited (N148.4 million); Makon Oil and Gas Limited (N341 million); Energy Traders and Technical Services Limited (N1.159bn) totalling N3.389 billion.”

Earlier on Monday, Makinde told journalists at the CCB office in Ibadan, that he came to collect the photocopy of the form signed in fulfillment of his campaign promise to declare his asset publicly and release the document to the public.

He also promised to encourage all the members of his cabinet to do the same thing ”but inasmuch as they stay within the ambit of the law.”

Harry Maguire Exits Leicester City For Manchester United Medicals

Harry Maguire Exits Leicester City For Manchester United Medicals

Leicester City’s Harry Maguire has finally left the club’s training camp in France to undergo Manchester United medical in the next 48 hours.

This claim was made by respected football expert, Ian McGarry.Harry Maguire Exits Leicester City For Manchester United Medicals

“It’s our understanding that soon Maguire has already left Leicester’s training camp in France,” McGarry told the Transfer Window Podcast.

“He will soon be coming back to the UK to finalise that deal with Man United.

“It will be £60million up front plus £20m in add-ons making him the most expensive defender in the world.

“He’s due to have a medical at Manchester United in the next 48 hours as soon as the conditions and terms of his contract are finalised.”

Maguire has been targeted by Manchester United after another impressive campaign with The Foxes.

The England international has been a Leicester player for two years, joining in a £17million move from Hull in 2017.

The centre-back was a target for former Man United manager, Jose Mourinho, last summer, but the club were put off by Leicester’s valuation.

Lashana Lynch Is Set To Become The First Female James Bond

Lashana Lynch Is Set To Become The First Female James Bond

A Breakaway From the Norm as Lashana Lynch Is Set To Become The First Female James Bond.Lashana Lynch Is Set To Become The First Female James Bond

We have a new James Bond and she’s the beautiful Lashana Lynch.

31 year old British Actress Lashana Lynch is set to take over as James Bond from Daniel Craig. This is a role that has been dominated by handsome male actor in black tux for decades.

In what has been described as a popcorn dropping moment, a black woman has been unveiled to take over as the next James Bond.

Over the years, the James Bond franchise has been synonymous with handsome white men in tuxedoes, but let’s talk about breaking away from the norm and changing history as a black and beautiful British actress, Lashana Lynch, is set to take over the role of the action figure.

Sometime last year there were rumors that Idris Elba would be joining the franchise and this was met by a mix of admiration as well as outspoken rebuttals.

The baton has been passed to her by Daniel Craig who played the role for several years. In recent times, the movie industry has started being diverse and breaking from the norm by giving different people a chance at big roles that have been dominated by a particular race.

Lashana Lynch also had her breakout movie role when she acted as the fighter pilot Maria Rambeau in Captain Marvel that was released earlier this year.

Lynch’s unveiling as the new Bond has led to very interesting reactions and conversations on social media. See a few below:Lashana Lynch Is Set To Become The First Female James Bond

President Buhari Finally Replies Obasanjo’s Viral Open Letter

President Buhari Finally Replies Obasanjo's Viral Open Letter

Earlier today, former President Olusegun Obasanjo called for a national debate to discuss security issues affecting the nation.

It was contained in a letter dated Monday, July 15, 2019, where Obasanjo advised President Buhari to immediately address the increasing cases of insecurity in Nigeria to prevent it from escalating into a full-blown war.President Buhari Finally Replies Obasanjo's Viral Open Letter

However, the presidency have published a press statement on Mrs Funke Olakunri’s tragic death through her official twitter handle. The statement reads as thus:

“The Presidency has noted public concerns on the unfortunate attack leading to the death of daughter of the Afenifere leader, Pa Reuben Fasoranti.

The President has issued a statement expressing his heartfelt condolences to the family of Mrs Funke Olakunri and followed up with a telephone call.

The Vice President, Professor Yemi Osinbajo has in addition, paid a visit to the grieving family in Akure, Ondo State.

Her death is a tragedy. Our thoughts and prayers are with her family.

It is incumbent on all leaders across the country to consider their language and its potential consequences.

Insecurity is an issue that Nigeria must face together as one nation – united.

Times of tragedy like these are not the time for politics.

It reveals only disrespect for the departed and her family. And we hope that those who stand in positions of influence recognise and understand this.”

Obasanjo’s letter comes after suspected bandits who have been called ‘herdsmen’ in certain sections of the local media, killed Mrs Olufunke Olakunrin, daughter of Afenifere Leader, Pa Reuben Fasoranti, along the Benin-Ore expressway on Friday, July 12, 2019.

Bandits or suspected herdsmen have been accused of perpetrating a slew of killings across Nigeria, as the farmers-herders crisis in Africa’s most populous nation continues to assume a murderous dimension.

STATE HOUSE PRESS RELEASE

STATEMENT ON MRS FUNKE OLAKUNRI’S TRAGIC DEATH

The Presidency has noted public concerns on the unfortunate attack leading to the death of daughter of the Afenifere leader, Pa Reuben Fasoranti.

— Presidency Nigeria (@NGRPresident) July 15, 2019

Breaking News: Miyetti Allah Calls For The Immediate Arrest Of Obasanjo Over Open Letter

The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) popularly known as Herdsmen, has called for the immediate arrest of the former president, Olusegun Obasanjo.

The demand of the pastoralists is in response to the open letter of the former president wherein President Muhammadu Buhari was called upon to decisively tackle the insecurity bedevilling the nation.Breaking News: Miyetti Allah Calls For The Immediate Arrest Of Obasanjo Over Open Letter

In his epistle, Mr. Obasanjo also called for a national dialogue where ethnic groups can be open about their grievances that have led to the insecurity in the country.

In reaction, the National Secretary of the Miyetti Allah, Alhassan Saleh, called for the arrest of the former Nigerian leader saying any group which has grievances against the Nigerian State should approach the National Assembly.

Mr. Saleh also said the Fulani extraction, which is often accused of spearheading insecurity, should not be blamed for unabated criminal activities.

Obasanjo Comes Really Hard For Buhari In New Open Letter

Obasanjo Comes Really Hard For Buhari In New Open Letter

Former president Olusegun Obasanjo on Monday wrote an open letter to President Muhammadu Buhari, saying, “Nigeria is on the precipice and dangerously reaching a tipping point where it may no longer be possible to hold danger at bay”.

Obasanjo, in the letter released by his media aide, Kehinde Akinyemi said, he intended to use the open letter to address weighty issues.Obasanjo Comes Really Hard For Buhari In New Open Letter

In the letter to Buhari, Obasanjo said, “I am constrained to write to you this open letter. I decided to make it an open letter because the issue is very weighty and must be greatly worrisome to all concerned Nigerians and that means all right-thinking Nigerians and those resident in Nigeria. ”

Addressing the issue of security Obasanjo said, “The issue I am addressing here is very serious; it is the issue of life and death for all of us and for our dear country, Nigeria. This issue can no longer be ignored, treated with nonchalance, swept under the carpet or treated with cuddling gloves.

“The issue is hitting at the foundation of our existence as Nigerians and fast eroding the root of our Nigerian community. I am very much worried and afraid that we are on the precipice and dangerously reaching a tipping point where it may no longer be possible to hold danger at bay.

The former president revealed that he was worried about the state of insecurity in the country, having fought in the Nigerian civil war and also having a son, who is fighting Boko Haram.

He said, “When people are desperate and feel that they cannot have confidence in the ability of government to provide security for their lives and properties, they will take recourse to anything and everything that can guarantee their security individually and collectively.

“For over ten years, for four of which you have been the captain of the ship, Boko Haram has menacingly ravaged the land and in spite of government’s claim of victory over Boko Haram, the potency and the activities of Boko Haram, where they are active, remain undiminished, putting lie to government’s claim.”

Obasanjo waved aside the recent explanation of Major Gen Tukur Buratai, who said victory over Boko Haram had not been achieved as a result of lack of commitment and motivation on the part of troops.

He said, “The recent explanation of the Chief of Army Staff for non-victory due to lack of commitment and lack of motivation on the part of troops bordering on sabotage speaks for itself. Say what you will, Boko Haram is still a daily issue of insecurity for those who are victimised, killed, maimed, kidnapped, raped, sold into slavery and forced into marriage and for children forcibly recruited into carrying bombs on them to detonate among crowds of people to cause maximum destructions and damage.”

National Assembly Members Angry Over N12.3bn Welcome Package

National Assembly Members Angry Over N12.3bn Welcome Package

Members of the National Assembly have been paid their welcome package, including accommodation and furniture allowances, The PUNCH has learnt.

It was also gathered that some of the lawmakers were not happy because the allowances fell below their expectations.National Assembly Members Angry Over N12.3bn Welcome Package

A credible source in the National Assembly management told our correspondent on Sunday that lawmakers started receiving their allowances and running costs in batches from July 5. The official disclosed that senators were paid over N30m each while Reps received over N25m each.

“The lawmakers have been paid. They were paid on Friday. Members of the House got over N25m each and those in the Senate got over N30m. They were also paid their monthly running costs,” he said.

The Senate and House of Representatives have 109 and 360 members, respectively.

At “over N30m” each, senators have received a total of about N3.3bn while members of the House have pocketed over N9bn, totalling N12.3bn.

Though the amount paid as running costs was not disclosed, a member of the Eighth Senate, Senator Shehu Sani, had announced that each member of the upper chamber received N13.5m monthly. The amount paid to members of the House is said to be slightly lower.

The official however said the amount paid in the Eight Assembly had been maintained for the Ninth National Assembly.

READ ALSO: How human security neglect is tearing Nigeria apart

A member of the House of Representatives, who spoke on condition of anonymity, confirmed the payment and the estimated figure quoted by the official.

Giving some details of the payments, he said, “The accommodation (allowance) is about N4m, the furniture allowance is about N3.9m, the car loan is about N7m. Everybody has been paid. The running cost is a normal (monthly) payment.”

When contacted, a member of the House Ad Hoc Committee on Media and Public Affairs, Mr Bamidele Salam, neither confirmed nor denied the payments.

“I have no authority to confirm who has been paid and who has not been paid,” he said.

A member of the House had earlier given an insight into how the allowances were paid to lawmakers.

He said, “When you come as a new member, you are given furniture and accommodation allowances; these will total over N9m. They will give you the money and it is left for you to go and get a house or hotel; nobody will be housed anywhere. You will only be given accommodation and furniture allowance.”

In the Senate, members started collecting their payment on Wednesday last week.

Investigation by one of our correspondents revealed that majority of the first-time senators expressed disappointment after receiving their alerts.

One of the new senators from the North Central geopolitical zone, who spoke on condition of anonymity, told one of our correspondents the amount he received was too small.

He said, “The amount we collected, which included our June salaries and other allowances, is nothing to write home about.

“There is no way we can fund our constituency offices and take care of other important needs, including our own accommodation and mobility.”

The Chief Whip of the Senate, Orji Uzor Kalu, also said some of his colleagues were lamenting their poor pay contrary to their expectations.

He said, “Let me address the issue of jumbo pay. I have received my salary for June and it is far below what you people are writing.

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“It is the money we use when we travel to Abia, Lagos, Badagry or Kaduna. You will now see that you are maligning and criticising the National Assembly for nothing.

“Most of my colleagues said they did not know it was going to be like this and I said we came to serve our country as senators.”

Omoyele Sowore, Fabiyi suspended from AAC – Court

 

Justice Inyang Ekwo of the Federal High Court, Abuja, on Friday affirmed the suspension of the candidate of the African Action Congress (AAC) in the February 23 presidential election, Omoyele Sowore and another member of the party, Malcom Fagbiyi from the AAC.

Justice Ekwo in a judgement delivered yesterday, also ordered Sowore and Fagbiyi to stop parading themselves as the Acting National Chairman and Deputy National Chairman of the African Action Congress (AAC) respectively.

Delivering judgment in the suit filed by Dr. Leonard Nzenwa to seek the force of law on the suspension handed Sowore and Fabiyi, the judge granted the prayers of the applicant as prayed because they were not challenged by the defendants.

The National Executive Committee (NEC) of the AAC had in March suspended Sowore and Fabiyi for a period of six months over allegations of corruption and misappropriation.

The party had in his stead appointed Dr.  Nzenwa as the Acting National Chairman.

Comrade Oladele Ade, Acting Director Communication, in a statement said Dr. Nzenwa was until then the National Secretary of the party.

The party recalled that at its second NEC meeting in Abuja, Sowore and nine other NEC members were accused of corruption and anti-party activities, hence their suspension.

To give effect to the suspension of Sowore and others, Dr. Nzenwa, through ex parte motion, asked Justice Ekwo to restrain the suspended Sowore from parading himself as the national chairman of the party.

In upholding the suspension, Justice Ekwo held that the failure by Sowore and Fabiyi  to personally deposed to an affidavit  and enter defence in a case brought against them by the acting National Chairman Dr. Leonard Nzenwa was fatal to their claims.

Justice Ekwo agreed with the plaintiff that “by the community reading of the provisions of Article 50, 51,52 (k) and (n), 54,77,80 and 81 of the Constitution of the African Action Congress (AAC),2018 the suspension of the first (Sowore) and second Fagbiyi defendants as the National Chairman and Deputy National Chairman (Headquarters), of the African Action Congress (AAC) for six months by the National Executive Committee of the African Action Congress(AAC) is not valid , in total and / or substantial compliance with the Constitution of the party.”

He also agreed that the appointment of Dr. Nzenwa as the Acting National Chairman of AAC was in line with the provisions of Article 52(k) and (n), 76, 77, and 81 of the Constitution of the African Action Congress (AAC), 2018 , following the suspension of the first and second defendants.

The court in the judgment also granted a perpetual injunction restraining the Independent National Electoral Commission( INEC) and agents from recognising Sowore and Fagbiyi as the National Chairman and Deputy National Chairman of AAC.

Thisday Live

Breaking: Suspected Herdsmen kill Afenifere’s leader, Pa Fasoranti’s daughter

Daughter of the leader of the Yoruba socio-cultural organisation, Afenifere, Pa Reuben Fasoranti has been killed by suspected herdsmen in Ondo State.

Mrs. Funke Olakunrin, daughter of Pa Fasoranti, was said to have been killed on Friday by suspected herdsmen as he was heading to Ore Junction from Akure, Ondo State, when she was attacked and shot dead.

Afenifere’s spokesman, Yinka Odumakin, confirmed the killing of the 58-year old Olakunrin  on Friday.

According to Odumakin, who spoke with The PUNCH, “We have confirmed the death of Mrs. Funke Olakunrin (58), daughter of our leader, Chief Fasoranti.

“Eyewitness accounts say she died of gunshots from Fulani herdsmen who shot her at Ore junction in Ondo State earlier today.

“She was coming from Akure when the armed Fulani herdsmen came from the bush to attack her and other vehicles. Her domestic staff in the car with her also sustained gunshots.

“This is one death too many and a clear we-can-take-it-no-more death.”

Olufunke is the second child of 94-year-old Fasoranti to die. The elder statesman had also lost a daughter, Bunmi, some years ago.

P.M. News

N265bn Lost As Stock Market Continues To Crash

N265bn Lost As Stock Market Continues To Crash

Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.

After the listing of Airtel Africa Plc’s shares on the NSE on Tuesday, the market capitalisation of equities was lifted above N14tn as the market recorded a marginal gain at the close of trading.N265bn Lost As Stock Market Continues To Crash

The market shed N30bn on Wednesday and N265bn on Thursday as the market capitalisation dropped from N14.258tn on Wednesday to N13.993tn on Thursday.

Analysts at Afrinvest Securities Limited said the negative performance on Thursday was due to sell pressures in bellwether stocks, namely Airtel, MTN Nigeria Communications Plc and Nestle Nigeria Plc, which dragged the All Share Index lower by 186 basis points to settle at 28,712.90bps while the year-to-date return worsened to -8.6 per cent.

Activity level also declined as volume and value traded dipped by 0.2 per cent and 14.6 per cent to 188.4 million units and N3.2bn, respectively.

The top traded stocks by volume were FBN Holdings Plc (50.1 million units), Zenith Bank Plc (21.1 million units) and Access Bank Plc (18.9 million units) while MTN Nigeria (N724.9m), Zenith Bank (N404.3m) and Guaranty Trust Bank Plc (N380.7m) led the top trades by value.

Investor sentiment weakened to 0.6x from 0.9x on Wednesday as 18 losers outweighed the performance of the 10 gainers recorded.

The top five gainers were Sovereign Insurance Plc, Courteville Business Solutions Plc, GTB, Lafarge Africa Plc and Transnational Corporation Plc, which gained 4.76 per cent, 4.55 per cent, 3.27 per cent, 1.11 per cent and 0.99 per cent, respectively.

The top five losers were AXA Mansard Insurance Plc, Airtel Africa, Cement Company of Northern Nigeria Plc, Consolidated Hallmark Insurance Plc and Nestle, whose respective share prices depreciated by 10 per cent, 9.99 per cent, 9.77 per cent, 9.09 per cent and 4.83 per cent.

The price of Airtel Africa shares has dropped by 18.98 per cent in the last two days.

The share price, which rose from a listing price of N363 to N399.30 on Tuesday, dropped by 9.99 per cent on Wednesday to close at N359.40.

The telecommunications company’s share price dropped further on Thursday, shedding 9.99 per cent to close at N323.50.

Airtel Africa listed on the NSE on Tuesday, about two weeks after its listing on the London Stock Exchange, offering 3,758,151,504 ordinary shares, which makes it the third-largest company on the NSE by market value, after Dangote Cement Plc and MTN Nigeria Communications Plc.

Analysts at Meristem Securities Limited said Airtel shares could be mirroring its performance on the London stock market where it dropped as much as 15 per cent the day after it listed in London on June 28.

They said, “MTN Nigeria has been trading over-the-counter before its listing in May, unlike Airtel, but added that a tax dispute with the Nigerian government may have dented MTN’s valuation.

“MTN said it will sell more shares once the tax issue is resolved. Airtel’s listing valuation provides a comparable for MTN Nigeria, which has a return on equity of 93 per cent as against Airtel Africa’s 50 per cent.”

Commenting on the nation’s stock market performance, analysts at Afrinvest said, “While we expect the downward trend to continue in the near term, it presents opportunities to position in premium stocks.”