Friday

“You are a Big Betrayer” Tinubu tells President Buhari

Buhari to announce ‘shocking’ Ministerial list Next Week, as Fashola sets to bag Secretary

    Fashola to bag Secretary of Government 
·         Buhari continues to clip Bola Tinubu’s wings 

As the days go by in the era of a new Nigeria led by President Muhammadu Buhari, he is still yet to give indication of who will occupy his cabinet. However, a source close to President Buhari has told Newsintels that Babatunde Raji Fashola (Former Governor of Lagos State) has secured himself a top 5 spot on Buhari’s list. This is as Bola Tinubu has started to realise that this new administration may not be the stroll in the park that the envisioned.


Babatunde Fashola,highly regarded  amongst the populace for transforming Lagos within his 8 years as governor,fell out with his godfather, Bola Tinubu, when they supported different candidates for the last Lagos State gubernatorial election. Bola Tinubu was behind the eventual winner Akinwunmi Ambode whilst Babatunde Fashola  supported Supo Shasore who lost at the primaries.  One of the contestants for the governorship post of Lagos told NewsIntels in confidence that “Tinubu is a very vindictive person. Fashola did not even make to the list of nominations that Tinubu sent to President for consideration. This disappointed Fashola so much that he swore to accept any appointment from this current administration. However, we have persuaded him to let bygones be bygones and I am happy to see that he was on the G7 team.”

Newsintels further gathered from our reliable  informant, who tipped us on Femi Adesina’s appointment as Spokesman a week prior, that Babatunde Fashola would occupy the position of the Secretary of the Government and Buhari would announce the Ministerial list next Monday. “The president is just waiting to receive the reports from the transition committee today and thereafter review over the weekend.Barring any major contrary information in the transition committee’s report, Buhari should make this list public as early as Monday that will shock everyone”. The sources said over the telephone.

Tinubu is expected to make inputs into the list but his choices might see him clash with Buhari. The same APC chieftain told NewsIntels that he was aware that Buhari wants a good mix of politicians and private sector players as members of his cabinet. It would be recalled that President Buhari turned down the list Governors, when he retorted that “ I don’t appoint commissioners for the governors and so they cannot appoint my ministers.”

It is now very evident from President  Buhari’s inaugural speech and his commentary on Senator Bukola Saraki’s recent emergence as Senate President, that all is not well between the man Tinubu and his ‘godfather’. In fact, Buhari seems to be poised to prove to the whole world that he is ’everybody’s man and nobody’s man’ as he continues to clipped Tinubu’s now broken wings.

President Buhari’s recent invitation to Fashola to accompany him to the G7 summit in Germany, continue to buttress watchers’ postulation that  Fashola is indeed an anointed one. The chemistry between the two men whilst  at the summit is a testament ti the fact that they are both on the same mental ship.

In fact, political pundits are of the widespread opinion  that Fashola only did not make it as Vice president because he and the President are of the same religion.

Meanwhile, in a related development, the Leadership by Example League International (LELI), has requested for the suspension of the former Lagos State governor, Asiwaju Bola Tinubu, and Senator Barnabas Gemade, over their opposition to the election of Senator Bukola Saraki.

In a statement by Dr. Batos Nwadike, Chancellor of the group, recieved by NewsIntels, congratulating Saraki, LELI said it was hopeful that with the election of Saraki as Senate president and Senator Ike Ekweremadu as deputy Senate president, the upper legislative house was poised to give effective leadership to Nigerians through seamless legislations.

“The statement emanating from Tinubu and Gemade to the effect that they do not recognise the avowed election held transparently in the hallowed hall of the red chamber on Tuesday is embarrassing.It expressed worry over what it called ‘April fool in June’ allegedly given to the senators of APC extraction by Tinubu that “President Muhammadu Buhari was coming to address the Senate when there was a due letter of proclamation of the National Assembly.” The statement said.

Wednesday

Assembly poll: Tension in Bayelsa as INEC reverses APGA’s victory



NIGERIA CBN releases audited financials

The Central Bank of Nigeria (CBN), at the weekend, formally released its audited financial statements for 2013 and 2014, which it had prepared in line with the International Financial Reporting Standards (IFRS).

The two financial statements posted on its website (HYPERLINK “http://www.cbn.gov.ng” www.cbn.gov.ng) had been approved by its board in accordance with the provisions of the CBN Act 2007.
The IFRS, one of the frameworks internationally recognised and accepted, mandates adopters of the framework to prepare consolidated financial statements.
The released financial statements made available to Daily Sun, indicate that the net income of the bank for 2013 amounted to N209.6 billion while that of 2014 was N35.4 billion, totaling N245 billion, out of which 80 per cent has since been remitted to the Federal Government in accordance with the Fiscal Responsibility Act. The balance of 20 per cent was also transferred to the Reserves within the bank.
The IFRS requirement implies that the financial statement of CBN be consolidated with those of investee entities, namely Nigeria Export-Import Bank, Abuja Securities and Commodities Exchange, Bank of Industry, Bank of Agriculture, Nigeria Interbank Settlement System, National Economic Reconstruction Fund, Financial Markets Dealers Quotation, African Finance Corporation and Agricultural Credit Guarantee Fund.

Thus, the bank now has full IFRS-compliant financial statements for the years ended December 31, 2013 and December 31, 2014, respectively. Hitherto, its financial statements had been prepared under the CBN framework.Meanwhile, the adoption of IFRS by the CBN or any central bank the world over is not without difficulties in view of a number of challenges that include the non-profit-oriented mandates of central banks in their roles of price and financial system stability and economic growth that could be contradicted by the application of some of these IFRS standards, which are for direct profit-motivated commercial entities.Another challenge is the statutory constraints on the central banks. This explains why very few central banks have adopted the IFRS. Many of the central banks, which claim IFRS adoption, did so partially within statutory constraints. But the CBN was, however, able to work around these challenges to conclude a successful adoption of the IFRS. It is worthy of note that the CBN has been able to conclude IFRS adoption within a period of two years as global experience indicated that many of the IFRS adopting central or reserve banks took longer periods of time to conclude IFRS adoption.

Buhari tasks new National Assembly

President Muhammadu Buhari, has charged the new-elected members of the National Assembly to focus on bringing positive change to the lives of Nigerians.
Reacting to the outcome of the just-concluded election of leaders of the National Assembly, the President said he would have preferred the new leaders to have emerged through the process established by the party, All Progressives Congress (APC).

He reiterated his earlier stance that he was willing to work with whoever the lawmakers elected, adding that he had no preferred candidate for the Senate and the House of Representatives leadership.
In a statement issued by his Special Adviser on Media and Publicity, Femi Adesina, the President said he would have preferred that the process of electing the leaders as initiated and concluded by the APC had been  followed. Nonetheless, the President took the view that a constitutional process has somewhat occurred.
“President Buhari had said in an earlier statement that he did not have any preferred candidate for the Senate and the House of Representatives, and that he was willing to work with whoever the lawmakers elected.
“That sentiment still stands. Though he would have preferred the new leaders to have emerged through the process established by the party.”
Adesina stressed that the stability of constitutional order and overall interest of the common man were uppermost on the President’s mind, as far as the National Assembly elections were concerned.
The President called on the elected representatives of the people to focus on the enormous task of bringing enduring positive change to the lives of Nigerians,” the statement added.

FG urged to recover $7.5bn taxes from IOCs



GEJ’s Men Returning Stolen Money - Nasir El Rufai

Monday

Nigeria: Without the Health Sector, Nigeria Cannot Have Economic Progress


Fashola Accompanies Buhari To G7 Summit In Germany

Ex-President Jonathan Spotted Without Hat In London

Rhythm 93.7 FM OAP, Iphie, Shot Dead Few Days To Her Birthday