ECONOMIC DOWNTURN: PROPERTIES VACANT IN LEKKI, VI AND IKOYI

A recent report by the Financial Derivatives Company Limited has stated that the number of vacant properties in the upper class real estate neighbourhoods of Lekki, Victoria Island and Ikoyi has risen by 72 percent over the last 18 months. The FDC’s Vacancy Factor Index (VFIX) for 2nd Quarter June 2016 report attributed the rise in the number of vacant properties, based on the housing stock as at January 2015, to a combination of rising inflation, GDP contraction, falling consumer confidence and increasing unemployment rates contrived to lower demand for housing.…

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I WAS OFFERED 1MILLION POUNDS TO LAUNDER MONEY: FEMI FALANA

Mr. Femi Falana, a Senior Advocate of Nigeria, disclosed in an EFCC publication how he declined a mouth-watering 1 million Pounds brief from an unnamed former governor to help him launder funds abroad. Femi Falana, whose testimonial is contained in the current edition of ALERT, a monthly pull-out by the EFCC, pleaded with his colleagues to be wary of briefs from politically-exposed persons (PEPs). Falana explained that the governor had asked him to assist in moving a huge sum of money to an undisclosed country and offered to pay him…

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RESIDENTS LAUD LAW AGAINST LAND TOUTS IN LAGOS

A Bill which criminalises the activities of land touts and grabbers popularly known as “Omo Onile’s” or “Ajagungbale’s”, which was recently passed by the Lagos State House of Assembly, is an action which has understandably been hailed in many quarters. The reason for this is not far-fetched. These hoodlums have been making life hell for landowners and property developers in Lagos State. They have, over the years, earned their notoriety through such criminal actions as forceful entry and illegal occupation of landed properties, violent and fraudulent extortion of property developers,…

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OPENING DOOR TO MIGRANTS IS GREAT WISDOM

Pope Francis arrived Poland on Wednesday, a day after jihadists murdered a Catholic priest in France. In his first speech after touching down in the city of Krakow, the pontiff said the way to “overcome fear” was to welcome people fleeing conflict and hardship. Opening doors to migrants demands “great wisdom and compassion” he said, chastising a rightwing government that has refused to share the burden during Europe’s worst refugee crisis since World War II. “We must not be afraid to say the truth, the world is at war because…

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NIGERIAN, OTHER NATIONALS TO BE EXECUTED IN INDONESIA FOR DRUG TRAFFICKING

Nationals from Pakistan, India, Nigeria and Zimbabwe are expected to be executed alongside Indonesians on Friday. Officials say no Europeans or Australians will be included in the third round of executions under President Joko Widodo. Indonesia sparked international outrage with its last batch of executions in April 2015 when it put to death seven foreigners, including two Australians. But Widodo has insisted Jakarta is fighting a war against drugs and traffickers must be harshly punished. Pakistan has so far publicly voiced the most concern about the upcoming executions, and its…

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FAYOSE TO EFCC: PUBLISH MY FROZEN ACCOUNT DETAILS AND DASUKI’S

Governor Ayodele Fayose of Ekiti state has faulted the refusal of the Economic and Financial Crimes Commission, EFCC, to make public the statement it extracted from the former National Security Adviser, NSA, Col. Sambo Dasuki, in its ongoing probe of money meant for the purchase of arms and the funding of the last general elections in the country. Fayose also asked the anti-graft agency to publish his personal accounts it froze to let the whole world know what is contained therein. According to him; ‘’Dasuki’s statement, will at least show…

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FG IN DIALOGUE WITH NIGER DELTA MILITANTS

The Federal Government has confirmed that it’s in dialogue with Niger Delta militants towards putting a stop to pipeline vandalism and  violence being experienced in the region. The President gave the confirmation through the Senior Special Assistant on Media and Publicity, Garba Shehu while granting farewell audience to the outgoing Ambassador of Germany to Nigeria, Mr. Michael Zinner, at the Presidential Villa, Abuja. Buhari, who confirmed that the talks are being done through oil companies and law-enforcement agencies said the dialogue is meant to find a lasting solution to insecurity in…

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FG TO GENERATE ELECTRICITY WITH URANIUM

Senior Nuclear Security Officer, IAEA, Mr Robert Larsen, said at a National Training Course on Nuclear Security for the Uranium Extraction Industry in Abuja on Monday that the exploration of uranium in Nigeria does not pose any threat to global security. Larsen said, “I don’t think so; I have no reason to believe that at all. As a matter of fact I believe Nigeria is a good nuclear partner and that is why the agency is here to see how we can assist in uranium extraction.” Bolstered by the position…

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FG RESPONSIBLE FOR EDUCATION BACKWARDNESS: ASUU

Federal government has been accused of being responsible for backwardness of education in Nigeria. The Academic Staff Union of Universities, ASUU, yesterday accused the Federal Government of being responsible for the backwardness of education in the country which had affected its global rating. ASUU lamented that instead of the budgetary allocation to improve, it was only reducing and called on the government to commence the process for the payment of N623 billion, being backlog of earned academic allowances and funding of universities. National President of ASUU, Comrade Biodun Ogunyemi, while…

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OMISORE DENIED BAIL

An Abuja High Court at Maitama, on Friday, declined to order the Economic and Financial Crimes Commission, EFCC, to release the former Deputy Governor of Osun State, Senator Iyiola Omisore, who has been in its custody since July 3, on bail. The court was presided over by Justice Olukayode Adeniyi. Omisore who was alleged to have received about N1.3billion from the detained former National Security Adviser, Col. Sambo Dasuki, retd, failed to persuade the court to order his release pending when a charge is formally entered against him by the…

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