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Momodu, The publisher of Ovation magazine, has released this photo of cancer-stricken Nigeria’s former Petroleum Minister, Diezani Alison-Madueke, in the debut issue of a brand new tabloid called Boss magazine.

In October 2015, Alison-Madueke was arrested along five other people on money laundering charges. All were released on conditional bail later that evening, pending further investigation both in the UK and overseas.

Alison-Madueke (59) was oil minister under former president Goodluck Jonathan from 2010 until earlier this year when he was defeated in elections by Muhammadu Buhari.

She was the first woman oil minister in Nigeria – Africa’s largest producer – and the first female president of the global oil cartel OPEC.

Alison-Madueke had previously been accused of large-scale fraud in the management of the country’s multi-billion-dollar oil wealth but denied any wrong-doing.

In February 2014, the former governor of the Central Bank of Nigeria, Lamido Sanusi, claimed the Nigerian National Petroleum Corporation (NNPC) had failed to remit $20-billion in revenue.

 

Sanusi was later removed from his post by Jonathan, who disputed the figures involved, in a move many saw as politically motivated.

 

Credits: Dele Momodu | AFP
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The Group Chief Executive Officer of telecom company, MTN, Sifiso Dabengwa, has resigned following the massive N1.04 trillion ($5.2 billion) fine imposed on the company by the Nigerian Communications Commission, NCC.

The Nigerian government sanctioned MTN for failing to disconnect 5.1 million unregistered subscribers.

MTN in a statement issued in Johannesburg on Monday said Non-Executive Chairman, Phuthuma Nhleko, will act as executive chairman for a maximum period of six months while the company identifies a successor to Mr. Dabengwa,

“Due to the most unfortunate prevailing circumstances occurring at MTN Nigeria, I, in the interest of the company and its shareholders, have tendered my resignation with immediate effect,” Mr. Dabengwa was quoted as saying in the statement.

MTN has until Nov. 16 to pay the Nigeria penalty, which relates to the timing of the disconnection of 5.1 million subscribers and is based on a charge of 200,000 naira ($1,008) for each unregistered customer. The company’s shares lost almost a quarter of their value following the disclosure of the fine, before a partial recovery.

“I proactively deal with the Nigerian regulator and will continue to work with them in addressing the issues around unregistered subscribers as a matter of urgency,” Nhleko said.

MTN said it will continue to inform shareholders of any engagements with the Nigerian government, the company said.

The company has up to November 16 to pay up.

Last week, the South African bourse suspended trading in the shares of telecoms firm MTN following the huge fine.

MTN is Africa’s biggest phone operator, and derives its largest (a third) earnings from Nigeria.

The NCC had in August directed mobile telecoms companies to deactivate all unregistered SIM cards or face severe sanctions.

MTN missed the deadline to deactivate its unregistered subscribers, prompting a 200,000-naira ($1,000) fine for each unregistered SIM.

MTN’s shares fell sharply shortly after the fine last week, closing 12.49 percent lower at 167 rand — the lowest in several years.
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Since his successful brain surgery in May, Comedian Julius Agwu has been more appreciative about the gift of life.

The 42 year old comedian has also vowed to live a Christian life from now after God gave him a second chance.

According to City People,  he made it known that he would be opening a Christian nightclub which will be called Believer’s Lounge (Tabernacle) at Lekki in two months time.

There will be no smoking or any form of alcohol at the lounge.

Julius Agwu is also set to launch a TV show which he calls Christian Entertainer’s Outreach a.k.a C.E.O and is also getting ready to release a gospel song titled Second Chance.
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MultiChoice Nigeria, the nation’s leading video entertainment company has partnered with PEP stores.

Speaking about the official announcement of the partnership in Lagos, Caroline Oghuma, Public Relations Manager, DStv, explained that the essence of the partnership is to enable more Nigerians have access to DStv and GOtv products in their neighborhood.

According to her, potential customers can now get these decoders at the official rate in the PEP stores in their neighborhoods. “We are aware that PEP stores are associated with product affordability, so the partnership will enable anyone who walks into a PEP store pick up both DStv and GOtv decoders” she remarked.

Addressing the media at the announcement of the partnership, Kofo Awonuga, Financial Manager for PEP stores Nigeria, said with 32 branches of the stores located nationwide, PEP customers who want to pick up DStv and GOtv decoders can get them in all PEP outlets stores across the country.
Ms. Awonuga, stated that the 32 PEP stores across the country provide a comfortable space for people on a limited budget to shop with dignity and pride.  PEP seeks to continually delight its remarkable customers with relevant assortment and best prices.

While explaining that there are no provisions for after-sales services at PEP outlets at this initial stage of the partnership, Oghuma noted that officials of PEP would gladly provide customers with guidelines on how to get authorized dealers and installers for after-sales services.
DStv subscribers have the choice of five bouquets namely; DStv Access, DStv Family, DStv Compact, DStv Compact Plus and DStv Premium, while GOtv has two bouquets namely; GOtv Plus and GOtv Value.

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The Central Bank of Nigeria said on Thursday that about 20.8 million active account users enrolled on the Bank Verification Number as at October 25.

The Director of Corporate Communications of CBN, Ibrahim Mu’azu, announced this on the sideline of the Fiscal Liquidity Assessment Committee workshop on Thursday in Abuja.

Mu’azu said the CBN had no plans to extend the deadline of the exercise.

He said the current figure was obtained from the Nigeria Inter-Bank Settlement System Plc.

He said: “While it can be said that some substantial efforts have been made in terms of enrollment and successes recorded, what is left is for the remaining account holders to get their accounts linked to BVN.

“Furthermore, Nigerian banks’ customers in the Diaspora have taken advantage of more facilities provided for enrollment in more locations abroad.

“The updated information on the locations for the enrollment of Nigeria banks’ customers in the Diaspora can be accessed through the NIBSS website.”

Mu’azu said to show that most people complied with the apex bank’s directive, there was less pressure in the banking halls across the country even as the deadline was drawing to a close.

He said: “The point needs to be stressed here that it is not enough to just enroll for BVN.

“The process is duly concluded only when all accounts owned by a bank customer are linked to his or her BVN.

“From the foregoing, it becomes clear that the insinuation of about 32 million accounts holders yet to enroll was simply a misrepresentation that fails to take into consideration the multiple accounts holding habit of most Nigerians.

“All said, if anyone has not enrolled for BVN, it cannot be attributed to lack of facilities, but out of his or her individual volition.

“By all indications, it can be safely said that the BNV exercise by the Bankers’ Committee in collaboration with the CBN has proved rather successful.”

A financial expert, Christopher Aigbe, assured Nigerians that the nature of the BVN deadline gave customers opportunities to still register after the exercise ended.

Aigbe said: “I don’t really see a deadline.

“It’s just that it has officially ended and for that, your account will be blocked until you register.

“Banks don’t have the right to close your account and keep your money.

“So nothing stops you from working into the bank at anytime to register and have your accounts reopened.”

Comfort Haruna, a bank customer, said BVN registration and linking of accounts would have gone more smoothly if banks had come out with innovative ways early for the exercise.

The News Agency of Nigeria recalled that the CBN, in collaboration with all banks in Nigeria, on February 14, 2014, launched the BVN.

It is a centralised biometric identification system for the banking industry.

It aims at addressing issues of identity theft and fraud, helps to fish out blacklisted customers, reduces queues in banking halls and standardises efficiency of banking operations.

The CBN said the BVN was to encourage banks to grant loans to Micro, Small and Medium Enterprises and students in the country.
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This is an interview with Oluwaseun Babajide, the CEO of SnapHubr, a brand new concept in photography marketing, conducted by Venture Africa. Read below;

What motivated you to build a photography app?

One of the main purpose of Snaphubr.com is to create jobs for people in Africa, that is one of my main long and short term goals, and again, it is just a platform where people can upload and sell their images. It is the first time this is happening in Nigeria, it has never happened before.

What we are trying to create is the first ever event photography market place. For example, if you are having a wedding, sometimes, peoples’ pictures are taken and it gets lost, the owners never see it. The idea Snaphubr is selling is that the invitation card will read that all the pictures at this wedding is exclusive to Snaphubr.com so after the wedding, people can visit Snaphubr.com pick their preferred pictures, download it, pay for it and they get it immediately in their email and if they order for print, they get that within 14 days regardless of the location in the world.

Are you a photographer?
I am not a professional photographer, I am the guy who likes being photographed! I am the kind of person who you will see everywhere being lively, plus I take a lot of pictures. I have them everywhere, on Instagram and Facebook. Like I said earlier the main purpose for creating this website is for job empowerment, not necessarily because I enjoy photography or am a professional photographer.

Can you explain the process a little more

It is very easy, the whole concept has been made very easy. Anyone can log on onto the website and upload bulk images which can be viewed all over the world. There a lot of categories ranging from award ceremonies, weddings, to night clubs and so on.

All you have to do is to upload pictures under any category you want and publish, or you can set images privacy. Another purpose that the website serves is to sell these images to their respective owners. So if you set an image as  private, a lot of people can see it, but they cannot buy it. Only the people with passwords can buy the image. Once you upload you publish, we already have set prices on all images. So we do the printing, shipping and what the photographers get is 45 percent of the images sold.

Do you have competitors?

We have not had competitors, because we cater strictly for events. But in the space of e-commerce in general, we will have a bit of competition.

How long will this application last?

I spent over 2 years working on this application. We have competent developers that are in charge of its upgrade and maintenance. This is a long term project and since Snabhubr launched, it has garnered positive reviews. We have had a lot of investors, LIKE…..

This is the first online market that will ever exist exclusively to African photographers and with the plans already in motion, it will be a huge income generator and also create a lot of jobs for people in Africa.

How will you be able to measure the success of the app?

There are a lot of metrics in place. For instance, google analytics that will give us the demographic view. It will enable us to know the countries that use the site regularly.We willalso have the opportunity to know what the media has to say about the platform.

Do you think Africa is ready for Snaphubr?

Yes. With the feedback we have gotten so far, with the partnership requests and with the interviews we have had I am confident that Africa is ready for this new invention.

This is also true as it is going to create jobs for Africans and empower the photographers by giving them value for their money, I have no doubt that people will embrace this.
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After reading share and #Tellingafricanstories

Olajide ‘Jj’ Olatunji, better known online as KSI, earned a staggering $4.5 million (£3 million) within the last 12 months for his winning commentary on video games.

The 22.year-old, born to Nigerian parents, made to No.5 on the magazine’s round-up, making him the highest-earning black YouTuber.

With almost 11 million subscribers and over 2 billion combined views, Olatunji’s impressive following provided the perfect launch pad for his foray into the charts.

KSI revealed to metronaija last April on his journey getting to where he is. He said it wasn’t easy seeing as his first account was banned from Youtube in 2006, for uploading family guy videos.

He didn’t give up though, he came back 4 years later, making videos again in 2010. Only this time it was his real-life videos of him playing games and joking around. Guess his sense of humor paid off.

Fast-forward to 5 years and this British-born Nigerian is a millionaire at 22, has his own penthouse apartment in London, owns a lamborghini, appearances and stage performances booked full, a book deal, Guinness-world record and a song that made it to no. 30 on UK music charts.

All this he achieved by playing video games and uploading the videos from his bedroom.


His first musical offering, a rap track titled Lamborghini reached No.30 on the UK charts in April.

Olatunji’s YouTube channel began in 2006 has amassed a following of mainly teenagers and young men.

The rising mogul famously uploaded a YouTube video featuring his parents, describing how he had used a fraction of his fortune to clear his family debts.

Dubbed ‘YouTube’s most controversial star,’ his new-found status hasn’t been without controversy.

According to The New Statesman, sexist content in his early videos resulted in the star being dropped from promotional campaigns by Microsoft.

His wealth has been said to come through YouTube’s Partner Program and Google Adsense, with additional revenue from brand affiliations and deals.

He added author to his resume after his first book titled I am a Bellend hit stores across the country in September this year.


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The Kano State Anti-Corruption and Public Complaints Commission, under the leadership of Alhaji Muhi M. Rimingado, has uncovered fraudulent diversion of N207 million depositors’ money from 37 micro-finance banks in Kano.

Three persons have so far been arrested in connection to this allegation and are presently been investigated by the Commission. They include the consultant that handled the establishment and running of the micro-finance banks, Rabiu Tudunwada, the overall managing director of the banks, Rabiu Garba, and director of recruitment, Hajara Umar.

Parading the accused persons before journalists, in Kano, Rimingado, stated that investigation revealed that R.I and Co Financial Consultants received a . sum of N74 million as accrued interest from the share capital of N20 million in each of the 37 micro banks.

He said the chief consultant directed the banks’ managing directors to pay the money to his personal account in First Bank PLC, with account number 2023303449.

He further stated that the sum of N50 million was found to have been debited from the accounts of the banks.

He also said the chief consultant was found to have fraudulently directed all the managing directors of the banks to transfer another N2 million each into his company account.

“The money was debited in the name of Treasury Bills for the banks, and it is common knowledge that treasury bills are legal instrument duly approved by the Central Bank of Nigeria (CBN) in which financial institutions invest funds and expect interests.
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The unending unrest in Burundi has claimed another set of lives when police killed a state TV cameraman and his family at their home during an operation which authorities say was carried out to rescue kidnapped officers.

The police entered their compound looking for the kidnappers and were shooting anyone who was in range, according to witnesses.

Police said 10 people were killed including an officer, but have not revealed details about the kidnapping.

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A few days after the National Hajj Commission of Nigeria, NAHCON, confirmed that 145 Nigerians were killed in the September 24 stampede in Mina, Saudi Arabia, the Commission has returned with an update stating that the figure of Nigerian’s who lost their lives has risen from 145 to 168.
Speaking to newsmen on the incident in Mecca, the Director of Public Affairs of the commission, Uba Mana, said the number of Nigerians who died rose following ongoing analysis on the corpses by the Saudi government.
Fielding questions as regards plans put in place to airlift pilgrims back to Nigeria, Mr. Mana said 47,128 pilgrims had already been transported back to their respective states in Nigeria.

He further informed the number of pilgrims earlier declared missing had reduced from 165 to 144 due to the discovery of additional bodies.
He said that seven out of the 42 pilgrims injured during the stampede were still on admission in Saudi hospitals.
More than 769 pilgrims from across the world were confirmed dead and 1,000 injured during the stampede on one of the roads leading to the Jamarat Complex (stone throwing site) in Mina.
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