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Banks recorded N18bn fraud cases in 2015 —NDIC

The banking sector recorded 12,279 fraud cases involving the sum of N18.02bn in the 2015 financial period, the Nigeria Deposit Insurance Corporation disclosed on Tuesday.

The corporation, in its 2015 annual report and statement of account for the banking sector, stated that the 12,279 reported cases for 2015 represented an increase of 15.71 per cent over the 10,612 recorded in 2014.
However, the report explained that while the sector recorded a 15.71 per cent increase in the incidence of fraud for 2015, the amount involved decreased by N7.59bn or 29.63 per cent from N25.6bn in 2014 to N18.02bn.

Brexit threatens remittances to Nigeria from UK —LCCI

The Lagos Chamber of Commerce and Industry on Tuesday said the exit of Britain from the European Union might take a toll on remittances to Nigeria from her citizens leaving in the United Kingdom.

Nigerians in the Diaspora sent back home $21bn in 2015, making the country the sixth largest receiver of remittances in the world, according to a report by the Global Knowledge Partnership on Migration and Development with support from the World Bank.
Brexit, according to the LCCI in an emailed comment, has a number of immediate and remote implications for the Nigerian economy.

FG orders reopening of NERFUND

The Federal Government on Tuesday gave an order for the immediate reopening of the National Economic Reconstruction Fund almost one week after it was shut.

The Minister of Finance, Mrs. Kemi Adeosun, gave the directive in a statement issued by the Director of Information in the ministry, Mr. Salisu Dambata.
The minister directed all members of staff of the agency to return to their duty posts immediately as the crisis within the organisation had been resolved.

We’ll ensure diligent privatisation process, says Osinbajo

The Presidency on Tuesday said it would ensure that the process of privatisation of public enterprises was undertaken diligently.

Vice President Yemi Osinbajo said this while granting audience to members of the House of Representatives’ Committee on Privatisation and Commercialisation led by Mr. Ahmed Yerima at the Presidential Villa, Abuja.

Graduate entrepreneurs to secure loans with certificates

In the bid to encourage the entrepreneurial tendencies of graduates, the National Collateral Registry has concluded plans to allow them to secure loans from financial institutions using their certificates.

The Head of Research and Development, NCR, Dr. Musa Olasupo, disclosed this at an interactive forum in Lagos.
According to him, since most young business owners don’t possess fixed assets to secure start-up funds from banks, their certificates can serve as moveable assets to be registered by their credit institutions with the NCR as collateral.

Civil servants kick against tenure suspension

The Association of Senior Civil Servants of Nigeria has condemned the suspension of the tenure policy in the federal civil service by the Federal Government, saying it is a policy somersault that must be stopped.
The workers stated that instead of suspending the policy, the government should convene a stakeholders’ meeting to discuss the issue.
According to the association, the policy summersault has been generating intense restiveness among public servants, adding that the situation should not be allowed to deteriorate further.

Nigeria’s sovereignty is negotiable, says Soyinka

Nobel laureate, Prof. Wole Soyinka, has lent his voice to the growing calls for the restructuring of the Nigerian federation, saying the sovereignty of the nation is negotiable.

Speaking during a visit to PUNCH Place, the corporate headquarters of PUNCH Nigeria Limited, Kilometre 14, Lagos-Ibadan Expressway, Ogun State, on Tuesday, Soyinka said decentralisation of the nation would ensure healthy rivalry among the component units.

Argentina fans beg Messi

Argentines begged Lionel Messi on Monday not to abandon the national team before the 2018 World Cup after he tearfully announced his retirement in frustration at another last-gasp international defeat, AFP reports.

As Chileans danced in the streets and honked their horns to hail their team’s victory by penalties in the Copa American Centenario, the rainy streets of Buenos Aires were deserted.

God hasn’t told me to quit acting –Mama G

Ever since veteran actress, Patience Ozokwo, announced that she has re-dedicated her life to Christ, various rumours have been circulating about her. Top on the list was that she said God told her to drop her popular pseudonym, Mama G. Others claimed that she said God told her to quit her lucrative career.
In an exclusive chat with Saturday Beats, the actress denied the rumour. However, she added that if God gives her such instructions, she would not flinch before bending to His will.

I am in London working on my album –Majek Fashek

Although the rain maker has had his fair share of bad press, he is currently unhappy about the falsehood peddled about him in the media. Some media portals have reported that the singer has had a relapse and is back to using illicit substances.

In an exclusive chat with Saturday Beats, the musician said that he has not relapsed, instead he is working on his album in the UK.

Tiwa Savage, Banky W, Praiz, Cobhams Asuquo, Stonebwoy set to put African music on world map

Nigeria’s foremost disc jockey had his patience tested by controversial singer, Terry G, when the singer slapped one of his apprentices at a comedy show tagged, D’Good, D’Bash and D’Ugly.

When the incident happened, the ‘cool’ DJ Jimmy Jatt simply asked his boy to close shop. In an exclusive chat with Saturday Beats, the disc jockey said that Terry G had mended fences and there was no problem between them.

National conference: Akinyemi blasts SGF for calling delegates boys

A former Minister of External Affairs and Vice Chairman of the 2014 National Conference, Prof. Bolaji Akinyemi, has criticised the Secretary to the Government of the Federation, Babachir Lawal, for referring to delegates at the conference as boys.

Akinyemi also faulted the claim by the SGF in an interview published on Monday that delegates to the conference were paid N7m.

N4.6bn fraud: Court remands Fani-Kayode, others in prison

A Federal High Court in Lagos on Tuesday ordered the remand of a former Minister of Aviation, Femi Fani-Kayode, and two others in prison over an alleged fraud of N4.6bn.

Justice Suleiman Hassan gave the remand order shortly after Fani-Kayode, Nenadi Usman and Danjuma Yusuf were arraigned before him by the Economic and Financial Crimes Commission.

Diversion of N3.6bn Anambra funds to APGA unconstitutional

Our attention has been drawn to a grand plan to siphon Anambra State money to the tune of N3.6bn to APGA loyalists in the 177 towns in Anambra State. 

It is naked corruption!

We note that different publications online and different commentaries have described this venture by other names, but characteristically, we are stating what it is and asking Governor Obiano that stealing from the state in broad daylight belongs to the dark era before the 2003 liberation.

FG may redeploy North-East troops to N’Delta

There are strong indications that the Defence authorities will withdraw some war-tested soldiers from the North-East and deploy them in the Niger Delta as part of efforts to curb the attacks on oil installations in the region.

It was gathered on Sunday that the troops would form part of the newly formed Operation Delta Safe, which was formed to replace the defunct Operation Pulo Shield in the oil rich region.

Abuja woman turns six girls to sex slaves

A 28-year-old woman, Ifeoma Daniel, has been arrested by the police in the Federal Capital Territory, Abuja, for allegedly turning six girls to sex slaves.

PUNCH Metro learnt that Daniel, who hails from Ahiazu Mbaise, Imo State, and a suspected accomplice, Collins Madueke, 28, were arrested in the Apo area by the Special Intelligence Response Team of the Inspector-General of Police.

EFCC seizes 29 properties from three ex-Air Force chiefs

The Economic and Financial Crimes Commission has seized 29 properties from the immediate past Chief of Air Staff, Air Marshal Adesola Amosu; a former Chief of Accounts and Budgeting in NAF, Air Vice Marshal Jacob Adigun (retd.); and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo (retd.).

No fewer than 11 properties were seized from Amosu; 12 were seized from Adigun and six from Gbadebo.

Brexit: France and Germany 'in agreement' over UK's EU exit

German Chancellor Angela Merkel and French President Francois Hollande have said they are in "full agreement" on how to handle the fallout from the UK's decision to leave the European Union.
Mr Hollande warned that "separated, we run the risk of divisions, dissension and quarrels".
The two will hold talks later in Berlin amid a flurry of diplomatic activity in the wake of so-called "Brexit".

Lionel Messi: Argentina forward retires from international football

Lionel Messi announced his retirement from international duty after missing in a penalty shootout as Argentina lost a fourth major final in nine years.
"It's not meant for me. For me the national team is over. I've done all I can, it hurts not to be a champion," the 29-year-old said after defeat by Chile at the Copa America.
With Barcelona, Messi has won eight La Liga titles and four Champions Leagues.

Yoruba, Arise and Defend Yourselves!----Concern Citizen

I strongly call for sack of the south west governors for their neglect to secure lives and properties of the citizens living in the zone.

The height of insecurity was the action of the suspected members of the Avengers militants who left their zone of south south to come to Lagos state in south west, at Isaho, Ikorodu, Lagos state to be precised to come and kill over 50 innocent Yoruba citizens over nothing.
This is the height of it and the drum for civil war has just begun!

3 wounded in Abakaliki over Ronaldo, Messi superiority argument

Three football fans were wounded in a free-for-all in a bar in Abakaliki on Saturday night over an argument about who is a better player between Cristiano Ronaldo and Lionel Messi.

A News Agency of Nigeria (NAN) Correspondent who witnessed the melee reports that the incident occurred at the Kpirikpiri area of the town during the EURO 2016 second round match between Portugal and Croatia.

NAN also reports that Portugal won the match 1-0 courtesy of a Ricardo Quaresma 114th minute-extra time goal that sent them into the competition’s quarter-finals.

Ondo NDLEA arrests 66

The Ondo State Command of the National Drug Law Enforcement Agency said it has arrested 66 people for various drug related offences in the state between January and May 2016.

The commander of the agency in the state, Mr. Mohammed Malami Sokoto disclosed this on Sunday while speaking with journalists on the annual United Nations International Day against Drug Abuse and Illicit Trafficking themed : “Just Listen” held in Akure, the state capital.

Dozie, Wigwe to lead roundtable on healthy living and work-life balance

The Chairman, MTN Nigeria, and Co-Chair, Nigerian Business Coalition Against AIDS, Dr. Pascal Dozie; and the MD/CEO, Access Bank Plc, Mr. Herbert Wigwe, will be leading business leaders from different organisations in the country to a special roundtable by NiBUCAA on June 29 at the Civic Centre, Victoria Island, Lagos.

With the theme, “Basic Nutrition: Tips for Healthy Living and Maintaining Healthy Living and Work-life Balance,” the roundtable will have the Technical Officer, Prevention and Mitigation, Family Health International, Dr. Olabisi Olaogun, as keynote Speaker.

Troops librate 5,000 Boko Haram captives in Borno

The troops of the Nigerian Army have liberated 5,000 captives from the Boko Haram insurgents in Borno State.
The Acting Director, Army Public Relations, Col. Sani Usman, said in an electronic mail on Sunday that the troops of the 21 Brigade and the Civilian JTF liberated the large number of captives during a fighting patrol at Zangebe, Waiwa, Algati and Mainari villages.

IYC begs Buhari to act on his appeals to end militancy

The umbrella body for Ijaw youths, Ijaw Youth Council has called on President Muhammadu Buhari to act on his appeals to Niger Delta militants to halt hostilities by personally kick-starting the dialogue process with stakeholders in the region.

A statement signed by the spokesman for the group, Eric Omare, on Sunday, stressed that only a genuine and serious engagement with Niger Delta people would address the recurring agitation from the people.

Reasons Aisha Buhari EFFORT to shake Alaafin’s hand Go viral

Photos of the wife of the President, Mrs. Aisha Buhari, trying to shake hands with the Alaafin of Oyo, Oba Lamidi Adeyemi, have gone viral, with Nigerians reacting differently to the photographs.
The photos formed major discourse on Facebook and Twitter.
The photos, which were posted on the monarch’s Facebook page on Tuesday, showed Mrs. Buhari trying to shake the hand of the king at an occasion in Borno State.
Oba Adeyemi is the Chancellor of the University of Maiduguri.