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Wednesday 8 May 2013

UNBELIEVABLE! CBN Spent N2.8billion To Renovate Just One Building



The Public Accounts Committee of the House of Representatives on Tuesday queried several expenditure incurred by the Central Bank of Nigeria totalling N4.7bn, especially the renovation of its Port Harcourt branch with a whooping N2.8bn.
How much does it cost to erect a new building that CBN spent N2.8billion to renovate?
The committee, which is considering audit queries raised by the Office of the Auditor-General of the Federation, said the bank had yet to offer convincing explanations on how the “huge expenditure was incurred.”
At a session with officials of the bank in Abuja, the Chairman of the committee, Hon. Solomon Olamilekan, cited the N2.8bn the bank claimed to have spent on the renovation of its Port Harcourt branch as one example of the EXTRAVAGANT expenditures.
Hon. Olamilekan said the expenditures were incurred without documents to support them and “giving indication that due process was not followed.” The committee has therefore giving the bank a 48-hour ultimatum to produce documents to defend the spending.
Another N23m was reportedly spent on the renovation of the residence of the governor of the bank, Mallam Sanusi Lamido Sanusi, while a separate N50m was quoted for the same purpose. Total N73million.
The committee said if the CBN fail to produce evidences, it would recommend the refund of the money spent into the Consolidated Revenue Fund of the Federation.

NEB READER - My Boyfriend Said He Doesn't Love Me Anymore Because I Failed JAMB




This story is "SAD".......There was a day I asked him, "do you love me?" and he said "yes". I now said but what will I do for you to love me more and he said if only I can pass my JAMB.

Well, the JAMB result came out a few days ago and I did not pass it.

When I told him the result, he said "hmmm, my baby since you didn't pass your JAMB I don't think things can work anymore"

Now I don't know what to do because I love him very much and don't want to lose him.

Please, could he have fallen out of love with me cos of my JAMB result or he's gotten tired of the relationship & using it as a convenient excuse to cop out OR he never loved me before?
Please your advise is needed...

Deaths In Nollywood: Actors, Actresses Have Rejected Guild’s Health Scheme – Ibinabo


Actors Guild of Nigeria President, Ibinabo Fabrisima came under fire at the Nigeria Entertainment Conference held recently in Lagos when legendary film maker Amaka Igwe in her opening presentations accused the guild of having no proper health insurance schemes for members..

What My Husband Told Me Before His Death – Turai Yar’Adua



Hajiya Turai Umaru Musa Yar’adua has revealed how her husband, former President Umaru Musa Yar’adua once told her that his relatives would quarrel with her after his death as they would think he had left so much money.
The former first lady who spoke at a memorial lecture in honour of the late president in Katsina at the weekend, also said “the late Yar’adua was not a materialist leader who believed in accumulating wealth. In fact, he shunned material things as his slogan was service to humanity.
“There was a time he said to me that ‘Turai, I pity you because when I die you will have quarrels with my relatives because they will think I have so much money in my possession”, she said.
She said the situation in Nigeria would have been better had the late president survived his ailment because he was a “focused, committed and determined leader”.

“Although my husband was sick for a long time he did his very best for Nigeria. Also as governor of Katsina State, he did his best for the state; he is an honest man who believed in service”, she said.
Extolling his virtues as a leader, Turai said the late President would not give out contract without having the money to pay for it.
“There was a time I approached him that people are complaining that the government was slow. But he said to me people can say whatever they like but I will not give out contract if I have no money to pay.
“The late Umaru was a kind of leader that would go out and monitor projects. I could recall when I used to join him to supervise the projects at Umaru Musa ‘Yar’adua University, Turai ‘Yar’adua Hospital and the roads,” she said.