INVESTORS COMMUNITY

ARE YOU IN NIGERIA AND WISH TO MAKE A LOT OF MONEY ONLINE?

2016-06-17T00:54:00.000+01:00

There are simple things the experts did not tell you about online importation which really matters. If you have access to this info, you will have the power to negotiate directly with the manufacturers. You can request for the products to be branded in your name or business name. You can get the products at much cheaper rates to make maximum profit. You automatically become a wholesaler. If you need my ebook on online importation business call me on 08064004963

ONLINE MINI IMPORTATION DEMYSTIFIED

2016-06-08T03:34:00.000+01:00

ONLINE IMPORTATION DEMYSTIFIED - A COMPLETE & PRACTICAL GUIDE FOR NIGERIANS BY ASIEGBU, TOCHUKWU Digital Camerahttp://www.etransactng.wordpress.com asiegbutch@gmail.com FACEBOOK PAGE: http://www.facebook.com/investorscommunity INTRODUCTION This guide was produced after a series of search for genuine online businesses one can comfortably do as a Nigerian from his home or office. I have stumbled upon many ventures online. Some were good, while some others didn’t record much success. So, I continued searching till I stumbled upon how one can import different items from trusted sites with the help of your ATM cards from Nigerian banks. And I said to my self, this is it and this is the real deal. Indeed, No journey is too great, when one finds what he seeks.”. I have been on the internet since 2006, experimenting on different things and ideas. I have also lost money to scammers, but today I must say that I am glad the risks were worthwhile. After my NYSC in Obiaruku, Delta State, I decided I would not want to go back to my parents’ house and stay idle as there were no ready jobs available. I needed to go further in academics and do my Masters Degree, but the finance was not there to fund such ambition. At the same time, the stocks I bought in the Nigerian Stock market have drastically dropped in prices during the Stock Market Crash of 2007/ 2008. There seemed to be no hope coming from anywhere. Before my service year, I have been blogging with blogger.com earning meager amount from Google adsense. After my service year I started other online transactions such as bulk or customized messaging. You can sign up on my sms site with this link http://www.genuinebulksms.com then things started changing for me online. But with this discovery on how to import different items from trusted sites, I totally forgot all my struggles all these years. At this moment, I am funding my PhD programme with funds realized from this ever lucrative business. I decided to write this guide in a most simplified form with images for clearer understanding, hence the keyword ‘Demystified’ This guide is quite different and unique from multiplicity of eBooks you will ever come across on this subject- Online importation. It has been a practice among Nigerians to re-publish what others have sold to them and start reselling. For this reason, many eBooks you will see on online importation are virtually the same. I have taken the pain of going into the real practice of online importation, so whatever you read from my guide are based on personal experience. This guide provides you with a great opportunity to learn from someone who has been in the business of online importation for a while. Note: You do not need a shop or office, you are only required to read this guide properly, and with little capital you are on your way to living the life of your dreams. In my magnanimity, I have decided to give the first 50 people who order for this guide a great bonus package that will aid them to excel in selling their imported goods titled "SELLING YOUR IMPORTED ITEMS AND OTHER PRODUCTS WITH YOUR FREE BLOG" Requirements: A computer or any Smartphone with internet connection. Your bank ATM card ( preferably GTB naira MasterCard) A residential or office address for delivery. (Most times the manufacturers send it to the post office located in the city where you reside, and you will be called to pick up your package) An email address for signing up on the selected sites that will be provided for you. A start-up capital of at least 5,000- 10,000 naira. (Luckily for you my bonus package titled Selling your imported items and other products with a free blog will give you an idea on how to start without a start-up capital. THINGS YOU WILL LEARN FROM THE GUIDE AND THE BONUS PACKAGE SEVEN SITES TO LOCATE AND BUY SHIP PRODUCTS STEP BY STEP GUIDE ON HOW TO SHOP FROM THE SITES HOW TO SET UP A FREE WORDPRESS BLOG AND FACEBOOK PAGE TO SELL YOUR PRODUCTS. HOW TO START THIS IMPORTATION BUSINESS WITHOUT CAPITAL (A TOP SECRET COVERED BY THE BONUS PACKAGE) HOW TO USE YOUR BLOG POSTS TO DRIVE CUSTOMERS TO YOUR BLOG FOR POSSIBLE SALES. SITES THAT YOU WILL SEND YOUR LINKS TO IN ORDER TO INCREASE YOUR VISITORS AND BETTER SALES. A GRAND KNOWLEDGE ON HOOT TO PICK THE RIGHT KINDS OF GOODS OR PRODUCTS TO SHOP FOR THIS OPPORTUNITY TO HAVE THIS UNIQUE EBOOK MAY NEVER COME AGAIN THIS CHEAP, IF YOU FAIL TO ACT NOW!!! So what does it cost to grab your own copy of this eBook as well as the bonus package? Today for One Low Payment of Just: N3,000…? But N2, 000 Only That's it! There's no ongoing monthly charges - It's just N2, 000 for the entire guide forever... Mind You But... ITS Only For the first 7 people to place their orders fast Just N1,999 To Grab Your Very Own Copy Of This One In A Life Time Guide, Pay Just N1,999 To Any Of The Banks Below Bank Name: GTBANK Account Name: TOCHUKWU ASIEGBU Account Number: 0110-855-634 After Payment text "Online Importation Demystified" With Your Name, Teller Number, and email address to 0806-400-4963 And You will Have your Online Importation Demystified Guide Sent to you within 120 Minutes or approximately two hours THIS SPECIAL OFFER ENDS AS SOON AS 7 STUDENTS SECURE THEIR SLOTS So, Why So Cheap? Simple... Because I am a business consultant and I help people like you succeed. I figured if I give you a GREAT value now you might hire me in some other capacity later or even get more of my products... and pay me more :) As You Can See i. I'm not going to get rich with that N2, 000 So you see, I'm really motivated to deliver you GREATNESS on our very first transaction. WARNING: This system will only be available at this price for a limited time... sorry, I will be charging more afterwards... because I just launched this blog, I really need to get this guide to the first 7 persons at that cheap price and in turn ask them for their honest testimonial to be used on this site when the price goes up!. So procrastinating is entirely your decision, but when you do and you're left out, do not come complaining to me or anybody. "The journey of 1000 miles starts with a single step" It's time for you to take the first baby step towards your dream... Just to make things easy for you, I've decided to take all the risk on my shoulders and throw in a 100% guarantee... Because I am so sure of the effectiveness of the information contained in this guide, because I'm sure the strategies outlined in this guide will save you nights of endless sleeplessness In Life, lots of people know what to do, but only a few actually do what they know. Take action now and secure your own copy of the guide and join a few who actually do what they know. Thanks for your patience in reading this life changing blog post for Nigerians JUST TAKE A LOOK AT SOME OF THE PRODUCTS YOU WILL BE GETTING AT A VERY CHEAP PRICE FROM 7 DIFFERENT WEBSITES, AND RESELL FOR MUCH HIGHER PRICESANDROID PICS mini cameras Dell Laptops HP Laptops Shirts Tablets 2 very cheap cameras HP Laptops

Making Money on the Internet is simple

2016-05-23T01:33:00.001+01:00

In a time like this when the economy is so bad. Your salaries are no longer enough to meet your needs, the hope of getting a lucrative job is proving to be very difficult. When you are pushed against the wall and there seems to be no hope. That is the time to think outside the box. That is the time to be innovative. That is the time to take that risk you have been running away from for far too long. You have always been afraid of making money via the internet. You have always been skeptical about online money making opportunities. But that is where I am taking you to, as that will do you a lot of good. I am giving you the opportunity to add to your meager salaries, a chance to be self employed and a hope of achieving financial freedom. I have 3 incredible offers for you. You can start from one or combine the three for maximum profit. 1. How to start importation business with little capital. START IMPORTATION BUSINESS NOW 2. Own your bulk SMS website and make money from it like MTN, Glo, Airtel, Etisalat etc.BECOME A BULK SMS PROVIDER IN MINUTES 3. Join our affiliate programme and earn from 1 & 2 above. You also earn direct referral bonuses. The choice is yours. EARN FIVE THOUSAND NAIRA AND EXTRA BONUS FOR REFERRING PEOPLE TO OUR SITE

Get Your Own Bulk SMS Site in Minutes

2015-06-12T03:32:00.000+01:00

You can now make a lot of money selling sms units to family, friends, different organisations and institutions You Don’t need to know about web designing. If you can operate your facebook account, you can do this A domain name e.g yourname.com will be registered for you. We will host your website for a year. You will buy units from us at a flat rate of 1.65 kobo per sms anytime your units elapse. Your units do not expire.Read More

GET THE BEST ONLIME PACKAGE THAT EARNS U A LOT OF CASH AS A NIGERIAN FROM THE COMFORT OF YOUR HOME

2013-06-22T12:13:00.001+01:00

Get the best online beginners package & start earning instantly from the internet. These are the contents of the package- 1. Online Importation Biz manual 2. How to design a professional website from scratch without knowing the codes. 3. How to use your Nigerian ATM debit card for online shopping 4. How to use a facebook page to sell any product effectively 5. Online Forex Tutorial Manual and 6. A motivational book that will push you into action instantly without delay titled The Science of Getting Rich. How to order Pay the sum of 2000 (Two thousand) naira into my GTBank acct. Account Name: Tochukwu Asiegbu Ebuka Account Number: 0110-855-634 After payment send your deposit details eg Name of depositor, teller no, email address, name of the package paid for (online beginners package) to 08064004963 Your package will be sent to you on the same day after the confirmation of payment through the email address you provide. SEE U @ THE TOP!!! Please this package is for Nigerians only You can also join other Investors on our facebook page

ONLINE IMPORTATION BIZ FOR NIGERIANS

2013-05-28T16:38:00.002+01:00

READ THE FULL DETAILS BY CLICKING HERE

Nigeria's fast growing sms system

2010-11-20T01:41:00.000+01:00

genuinebulksms.com re-defines Web SMS messaging, giving you the most powerful application that has ever been developed for Web SMS whether for Bulk SMS Messaging, Wedding Announcement & Invitations, Events and Meeting, Birthday Announcement and Invitation, Special Seasons Greetings, Political Campaign and Awareness, Product Launch and Sales Promotions, etc, you will find out that genuinebulksms.com is an indispensable tool!
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Nigerian banking system still highly risky – Rating agency

2010-06-29T04:07:00.003+01:00

Nigerian banks are extremely risky, despite a N620bn bailout of the sector in 2009, a global rating agency, Standard & Poor, has said.

“The Nigerian banking system is still highly risky. The ratings we have for the banks are in the single ‘B’ category, it‘s a very very low level compared to most banks in the world,” Mr. John Gibling, Managing Director (financial institutions) at S&P, said in London on Monday.

Gibling told the audience at an ongoing conference on Nigeria that there was still a long way to go in the ongoing reform of the banking sector by the Central Bank of Nigeria.

“We continue to see the Nigerian banking system as very high risk. In regulatory reform, there is still a long way to go,” he added.

Gibling spoke just as the CBN Governor, Mr. Lamido Sanusi, reaffirmed that the apex bank would from mid-July begin to receive offers from investors interested in acquiring majority stake in the five banks it rescued in August 2009.

The banks are Union Bank of Nigeria Plc, Oceanic Bank International Plc, Intercontinental Bank Plc, BankPHB Plc and Afribank Plc.

The CBN, according to Bloomberg, is hoping that investors will recapitalise nine banks that were weakly capitalised due to lax risk management.

Gibling, however, praised Sanusi and his predecessor, Prof. Chukwuma Soludo, for the banking sector reforms, saying the bailout had been a ”very, very brave move” which had prevented a catastrophe.

But he said that the banks needed to improve their risk management to boost the confidence of foreign investors.

The S&P boss said, ”What Nigerian banks really need is to continue improving their risk management culture, particularly in developing strong asset quality measures.

”They are very dependent on short-term funding ... They need to develop more long-term funding, which will help them in funding more long-term financing projects for the economy.”

in Basel, Switzerland, Lamido said on Monday, that the CBN expected three international lenders, a number of private equity houses and local lenders to submit offers for the rescued banks.

Sanusi said the interested parties were already undertaking ”detailed” due diligence,

The CBN governor, on the sidelines of the Bank for International Settlements annual meeting in Basel, said, “We‘ve got three international banks that have remained in the serious running to acquire banks.

“There is also a number of local banks and private equity firms. By the middle of August we should actually have clear visibility on at least five of the banks.”

The financial crisis left the banks with toxic assets of over N1tn, New York-based Eurasia Group had estimated a year ago.

Sanusi added that securing a future for Union Bank, Oceanic Bank, Intercontinental Bank, Bank PHB and Afribank was the priority of the CBN since they (the five banks) were the most ”systematically important” banks to Nigeria.

The CBN is waiting for presidential approval for a law that will create the Asset Management Corporation of Nigeria, a government entity that will buy bad debts from the banking sector, using funds raised through government-guaranteed local bond issuance. The approval is expected early in July.

The bonds will be issued on a deal-by deal-basis.

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYSHOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

2010-05-25T23:56:00.001+01:00

Before going into the real business of the day, I would like to warn that if you are one of those that take pleasure in defrauding people, I don’t think this useful piece of information is for you.
Secondly, don’t force yourself into any business that you know too little about, because you will find it difficult to make much progress in that business. It is also important that you have a genuine interest for anything you wish to start both online and offline.
Most importantly, try to gather the necessary skills required to excel in any business you wish to start.
Let nobody deceive you, you must show some commitment and hardwork for you to make great progress online. The major difference between working online and offline is that you decide how and when to work online in most cases.
Working online is great because there is nobody to query you or boss you around, and you have the opportunity of getting involved in many opportunities in the shortest period of time.
As a Nigerian, instead of wasting a lot of time on the internet seeking whom to defraud, you can use less time to achieve great things.
Some of the genuine online opportunities you can start today include Blogging, article publishing, affiliate marketing, commodities trading, forex trading, options trading, or you can also join the revenue sharing system organized by Google known as Google adsense.
All the above are some of the genuine ways of earning online especially as a Nigerian, but the most important thing is to acquire the necessary skills needed to excel in each of them. For this reason, I have packaged an e- book that will help you to excel in blogging, article publishing, affiliate marketing, etc, and I am also giving out Forex tutorial manual, a guide on how to make money from the Nigerian Stock Market, Google adsense blueprint and two powerful motivational books as bonuses for purchasing this simple but powerful e-book “THE AFFILIATES GUIDE”
Inside this book, you will learn how to become a better affiliate and make consistent income from affiliate commissions; how you can use a free blog to earn great income; how to earn from publishing articles online, the easiest ways to attract visitors to your webpage, how you can easily sell your own products to greater number of people, etc. Don’t forget that this e- book comes with mouth- watering bonuses that you cannot afford to miss.
This package with all the bonuses will only cost you 2,000 naira(two thousand naira)- the cheapest you can ever get considering the quality of the e-book and the bonuses that come with it.
What you need to start;
• The skills which the e-book will provide.
• A computer with an internet connection.
HURRY AND GRAB A COPY BECAUSE IF YOU DELAY, IT COULD BE DANGEROUS. USE THE PAYMENT DETAILS BELOW TO ORDER FOR YOUR COPY.
Payment details:
Oceanic bank international Plc.
Acct no: 0050001022931.
Acct name: Asiegbu, Tochukwu Ebuka.
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Have a great online money making experience!!!

Jonathan orders probe of projects in 2010 budget

2010-05-25T03:28:00.000+01:00

President Goodluck Jonathan has directed the Presidential Projects Assessment Committee to probe some projects listed for execution in the 2010 budget.

The directive followed a discovery that the controversial contract for the Nnamdi Azikiwe International Airport, Abuja second runway project was overvalued by N13.5bn.

The PPAC, at a news conference in Abuja on Monday, said it reduced the contract sum from N63.8bn to N49.6bn, after “a meticulous assessment of the scope and design of the project.”

Receiving the report of the committee, Jonathan said he believed that a probe of some of the budgeted projects would yield similar results.

The President also directed that the PPAC’s assignment should be extended from March 1, 2010 to May 29, 2011, the date his administration’s tenure would end.

Reports on about 7,000 projects assessed by the committee are to be submitted to Jonathan and made public on a regular basis.

The reports will form part of the handover notes of the Jonathan administration.

Presenting the report on the airport, the Chairman of the PPAC, Mr. Ibrahim Bunu, said the committee paid special attention to the project because of the interest the contract sum generated shortly after hearings on the matter by the National Assembly.

He explained that the size of the second runway had been reduced from 4.5 kilometres to 4.25 kilometres.

Bunu later told journalists that the reduction of the contract sum did not imply a reduction in the quality of the project.

He said, “Our presence in the Villa today (Monday) was to present to the President our interim report called ‘Interim Report One,’ which covers the second runway of the NAIAA.

“The contract for the runway, which includes design and construction, has generated a lot of public interest and criticism of recent, especially from the National Assembly, and we had to hasten the conclusion of this report for government.

“What we have done in the review of the project was to review the entire design and scope of the contract by re-orientating the location of the runway; that has given us a lot of opportunity to reduce the scope of earth work and construction work.

“It has also given us the reduction in scope of the electrical and even the runway; and therefore we have been able to save a substantial sum on the contract sum.

“The contract sum, which was N63.8bn, has been reduced to N49.6bn, with a saving of N13.5bn on the contract sum. This what we have presented to the President.

“We are happy that the President is happy with our report and we hope the next stage of the project will be good for Nigeria.

“We shifted the original position of the runway to a location which gives stronger earth stability and also require less filling of sand.

“Also, the shifting brought the runway nearer to the existing runway, which has resulted in reducing the taxiway.”

Explaining further, the Special Adviser to the President on Media and Publicity, Mr. Ima Niboro, said Jonathan extended the PPAC’s tenure, and directed the committee to probe some projects in the 2010 budget.

According to Niboro, the President has a strong belief that tremendous savings would be made from a probe of some of the projects in the 2010 budget, particularly “below the radar procurements” that do not pass through the Bureau for Public Procurement.

Niboro said, “You have noticed that the committee has made savings of about N13.5bn on the Abuja airport second runway project. This is one of the roles this committee is meant to play.

“At the meeting today (Monday), the President directed that the tenure of this committee be extended till May 29, 2011; it will go with this administration.

“Its report will be part of the handover note to the new administration that will come on board.

“The reason for this is obvious; the projects are much and already they have looked at 7,000 projects and there are more. The President doesn’t want a situation where they will be loading him with huge reports. He would rather want them to be coming from time to time, especially regarding major projects, as they have done with the Abuja airport second runway project.”

Niboro also said that Jonathan was concerned with the unusually high rate of public procurement in Nigeria, which “is unnecessarily higher than what is obtainable in neighbouring countries.”

He said, “Another thing that the committee is to look into is the cost of doing business in the country.

“The President wants this committee to get involved in procurement, especially those that are below the radar procurements that does not necessarily go through the BPP.

“A lot of procurement is happening in the ministries, departments and agencies of the Federal Government that does not come to the BPP. I think there is a need to look at them because the 2010 budget is already in deficit and the President feels there will be a lot of savings made if we look into those projects.

“The committee is going to get involved in this process and these are the reasons why its tenure has been extended, so that its members can have time to do a thorough job for this administration.”

Jonathan had on March 1, 2010 set up the committee, to assess the status of all on-going federal projects in the country.

Conoil discovers huge gas reserve in Niger Delta

2010-05-20T01:02:00.000+01:00

Conoil Producing Limited, Nigeria’s leading indigenous petroleum, exploration and production company, has discovered huge deposits of gas in the central part of its Oil Mining Lease 136 (OML-136) in offshore western Delta of Nigeria.

The company made the discovery in Agge-3B. T1 well while appraising an undrilled compartment of the Agge field complex. The well was located in a water depth of 140 metres and reached a total depth of 2,710 metres, below mean sea level. The newly discovered gas reserve has a gross thickness in excess of 160 metres.

Reports said that the production test over the lower intervals of the new pay zones yielded an impressive volume of 24.2x MMScft/d on a 36/64" choke. Further ongoing studies will assess the impact of the Agge-3B, T1 results on the field reservoir and in addition to other discoveries, provide available options for the development of the block. Conoil Producing Limited is the operator of the Joint Venture in which Total Exploration and Production Nigeria Limited (TEPNL), a subsidiary of TOTAL S.A owns a 40 percent working interest in the license.

Conoil was awarded the oil block OML 136 (formerly OPL 458) in 1992, after the company had successfully proven itself as a major indigenous player in a sector that was hitherto dominated by foreign companies.
Conoil has over the years, built up a broad based experience and extensive competence relating to the exploration, development and production of crude oil and gas fields as well as the operation of production units and pipelines.

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYSHOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

2010-05-20T00:50:00.002+01:00

South Africa foils white extremist plot

2010-05-08T03:23:00.001+01:00

Police in South Africa say they have foiled a plot by white extremists to bomb black townships ahead of the 2010 FIFA World Cup finals.

Seven white extremists have been arrested in connection with the plot, a spokesman for the police special investigations unit, Musa Zondi said Friday.

They were arrested late last month in the northeastern town of Phalaborwa, near the Kruger National Park. Five of those arrested have been charged with terrorism, Zondi added.

The police raid on the terrorists came following the killing of white supremacist Eugene Terre'Blanche which inflamed race tensions amid calls for revenge from his far-right movement.

"They were conspiring to engage in terrorist activities, which includes the fact that they wanted to blow up areas in which black people live," Zondi said adding that the charges against two of the detainees were dropped on Friday.

Police chief Bheki Cele told reporters on Friday that the 2010 FIFA World Cup will begin on June 11 as scheduled.

South African Police Minister Nathi Mthethwa had broken the news about the plot on Thursday, saying right-wing extremists who were planning to bomb black townships and create chaos were arrested.

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYSHOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

2010-05-08T01:36:00.003+01:00

No evidence of oil on US shores

2010-05-04T03:09:00.000+01:00

No evidence of oil impact has been seen on US shores after a giant oil spill in the Gulf of Mexico raised concerns over an ecological disaster, a coast guard says.

After days of suspension due to bad weather, a new overflight on Monday confirmed that there has been no oil on US land yet.

On Tuesday night, US oil platform Deepwater Horizon was burnt after a massive explosion and sunk into the Gulf of Mexico, killing 11 workers.

More than one hundred workers escaped from the incident.

"Based on our overflights, there has been no confirmed oil on land yet," said coast guard spokesman Curtis Thomas.

"Bad weather prevented overflights and dispersant activities on May 2. Planning is currently under way to open a second airbase in Florida for dispersant activities."

At the time of the explosion, there were 700,000 gallons of diesel fuel onboard the platform, which had been drilling 8,000 barrels a day.

Over 150,000 gallons of chemicals have been dropped from planes to stop the spread of the oil spill which is threatening US shores.

The White House has issued a statement in which President Barack Obama said the federal response to the disaster "was being treated as the number one priority."

IBB must account for $12.4bn oil windfall – Falana

2010-04-13T23:13:00.000+01:00

Human rights lawyer, Femi Falana, has called on former Nigerian military head of state, General Ibrahim Babangida (Rtd) to account for how his regime spent the Gulf war windfall of $12.4billion which allegedly got missing. A statement by the Lagos-based lawyer, said: “The point is that Nigerians deserve explanations as to what exactly happened to the accrued oil revenue of $12.4bn which apparently went missing during the Babangida government. “And anyone who loves this country would expect accountability for the missing funds.

No amount of misinformation or misrepresentation of the facts and conclusions of the Okigbo report by anyone can stop the demand by Nigerians for accountability in this matter. The action by the civil society groups is indeed patriotic.”

According to him, based on an Okigbo panel report which made several conclusions on how the money was spent, a petition dated April 7, 2010 by a coalition of civil society groups in the country sought accountability for the money to the new Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke, asking him to prosecute the former military president. The group, in its petition dated April 7, 2010, threatened to go to court to compel the justice minister to try the former president.

The group comprising Social Economic Rights and Accountability Project (SERAP), Committee for the Defence of Human Rights (CDHR), Access to Justice (AJ), Civil Society Legislative Advocacy Centre (CISLAC), Women Advocates and Documentation Centre (WARDC), Human and Environmental Development Agenda (HEDA) and Nigeria Voters Assembly (VOTAS).
According to Falana, IBB has reportedly said that he “was never indicted by the Okigbo Report,” and that much of the funds went to infrastructural development of the Federal Capital Territory, Abuja.

The lawyer pointed out that Babangida, in a press release titled “Who is Afraid of General Ibrahim Babangida?” signed by his spokesman, Prince Kassim Afegbua denied that he was ever indicted by the Okigbo panel. What the report revealed was that much of the funds were concentrated on infrastructural development of the Federal Capital Territory, Abuja, which it considered was not a priority. According to him, Babangida said the report also called for an overhaul of the Central Bank of Nigeria (CBN) to enable it perform its functions optimally.

SUNNEWS

Spring Bank springs back

2010-04-13T01:54:00.000+01:00

Spring Bank Plc one of the eight banks rescued by the Central Bank of Nigeria (CBN) late last year has returned to profitability. This disclosure, which was scooped from the bank and confirmed by the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido last week has restored the investors hope in the bank.

The bank, in line with the vision of the new management has also embarked on training and re-training of staff and also on massive promotion across the entire cadre.

The modest performance level has additionally impacted positively on the share price of the bank at the Nigerian Stoke Exchange (NSE), where the stocks witnessed a significant price rise from 96 kobo in September 2009 to a peak level of N1.32 in January, 2010.
The CBN Governor, who was visibly pleased about the development, said that contrary to criticisms, the intervention of the CBN in the banking industry last August has helped immensely to restore and increase customer confidence.

“I can assure you that the bank has returned to profitability, just like the CBN governor has said. There is a total turnaround in the bank, investors’ confidence has been restored and the investors’ can now be assured of better returns on their investment soonest” a senior official of the bank who pleaded anonymity said.
The top bank executive also said the return to the path of profitability has been made possible by the continued backing of the CBN and other strategies introduced by the Sola Ayodele-led Management from October last year.

Earlier the apex bank’s Governor, Sanusi, while fielding questions in an interview on Channels Television recently saidSpring Bank Plc was one of four rescued banks that posted a profit last February.
The new strategic direction put in place by the administration essentially focused on effective liquidity management, loan recovery, operational efficiency and corporate governance as well as recapitalization.
Accordingly, the bank has been able to achieve a significant improvement on income during the period, while increasing liquidity ratio to about 50 per cent, thereby, doubling the required regulatory minimum of 25 per cent. It has also recorded a steady growth of the deposit base since the takeover in October 2009.

Happy with the early results of these strategies and the hardwork of staff, the Group Managing Director/Chief Executive Officer of the bank, this month, promoted 25 junior staff who have always maintained exceptionally high performance level.

Ayodele said in a statement to staff that the promotion exercise was strictly based on merit and will serve as a motivation to others while helping to renew staff confidence in the bank. She commended the staff of the bank for working assiduously with her administration and encouraged them to work harder towards the timely recapitalization of the bank in order to ensure optimum delivery of stakeholder value.
The Ayodele-led administration took over the management of the bank following the intervention of the Central Bank of Nigeria (CBN) in the banking industry in October last year.

SUNNEWS

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

2010-04-13T01:15:00.001+01:00

Serie A: Roma go top, Milan battle back to draw

2010-04-11T23:58:00.000+01:00

AS Roma beat Atalanta 2-1 to hit the Serie A summit for the first time since 2007.

The Giallorossi took advantage of Inter Milan's 2-2 draw at Fiorentina on Saturday to leapfrog them in the standings with a victory at the Stadio Olimpico.
Mirko Vucinic put Roma on their way in the 12th minute before Marco Cassetti doubled the advantage before the half-hour mark. Atalanta striker Simone Tiribocchi reduced arrears in the 53rd minute but Roma held on for a crucial win.
The result lifts Roma one point clear of Inter with five games remaining while Atalanta remain 18th, four points adrift of safety.
AC Milan's title hopes took a huge blow as they were held to a 2-2 draw at home by Catania.
Gaston Maxi Lopez (12 minutes) and Adrian Ricchiuti (43) put the visitors in front, but Marco Borriello netted after 47 and 80 minutes to claim a point.
Palermo remain on course for the coveted fourth-placed finish and a place in next season's Champions League after a 3-1 defeat of Chievo Verona. Marcos put the visitors in front after 18 minutes, but Javier Pastore equalised 10 minutes later and Fabrizio Miccoli scored twice, the first from the penalty spot, to seal victory for Palermo.
Juventus are fifth, three points behind Palermo, after a 1-0 win over Cagliari, courtesy of Giorgio Chiellini's first-half strike. The defender headed in Mauro Camoranesi's cross after 35 minutes to retain the Bianconeri's hopes of Champions League football next term.
Lazio moved six points clear of the relegation zone with a come-from-behind 3-2 win at Bologna. The hosts were 2-0 up after 16 minutes with goals from Roberto Guana and Daniele Portanova, but Stefano Mauri pulled one back before the break. Andre Dias levelled after 63 minutes and Tommaso Rocchi netted a 68th-minute winner.
Siena boosted their survival hopes with a 3-2 win over Bari, but remain in the relegation zone. Abdelkader Ghezzal scored twice, cancelling out goals for Emmanuel Rivas and Jose Ignacio Castillo, before Aleandro Rosi netted the winner after 66 minutes.
Livorno slipped closer towards the Serie A trapdoor as a 2-0 home defeat to Udinese left them with a mountain to climb to avoid relegation this season.
Udinese's in-form strikers Alexis Sanchez and Antonio Di Natale scored the goals in the first half to lift the Friulians seven points clear of the bottom three with five games remaining.
Antonio Cassano earned Sampdoria a 1-0 victory over Genoa in the 102nd Genovese derby to take them back into contention for a place in the Champions League next season.
Cassano struck in the 23rd minute to earn the home side all three points with a 1-0 win which took them level with Palermo on 54 points, three ahead of Juventus. Genoa's own hopes of qualifying for Europe took a knock in the process as they slipped six points behind the top six with five games of the season remaining.

World Bank Forecasts 4.8% GDP Growth for Nigeria

2010-04-11T02:36:00.000+01:00

The World Bank is estimating that Nigeria's economy will grow by 4.8 per cent this year, up from 4.3 per cent in 2009, its managing director Dr. Ngozi Okonjo-Iweala said yesterday.

The World Bank's outlook was significantly below the Central Bank of Nigeria's forecast of 7.53 per cent last month, and a 6.4 per cent estimate from nine analysts polled by Reuters in January.
Nigeria, once the darling of frontier market investors, hopes its fortunes will improve as the global economy gradually recovers, and after fixing problems in its banking sector rescued in 2009 by the regulator.

"This economy is just waiting for a bedrock of right and consistent policies ... to get some of our sectors going," said Dr. Okonjo-Iweala, the World Bank's managing director for Africa, at an economic conference in Lagos.
To improve the economy in the long run, she said Nigeria's leadership must find a way to solve the country's unemployment problem, especially among its young.

She estimated unemployment for 15-24 year olds at around 31 per cent.
Africa's most populous country of 140 million people will need to create 24 million jobs over the next decade to cut unemployment by half, Okonjo-Iweala said.

"The most worrying is that an estimated 50-60 per cent of our graduates from tertiary institutions cannot find adequate jobs on completion of studies," she said.
The vast majority of Nigerians live on less than $2 a day, despite having Africa's biggest oil and gas industry.
Widespread poverty has led to the growth of militant groups in the oil-producing Niger Delta in recent years, and has helped stoke sectarian tensions in the country's "Middle Belt."

THISDAY NEWS

HOW TO START MAKING MONEY ONLINE AS A NIGERIAN IN GENUINE WAYS

2010-04-11T01:41:00.001+01:00

Yar’Adua’s N70bn missing

2010-04-04T02:04:00.000+01:00

Fresh troubles may be in the horizon for members of the kitchen cabinet of ailing President Umaru Yar’Adua as they are said to be explaining how they disbursed a whopping N70 billion allegedly on behalf of the former Katsina governor as security vote between November 2009 and January 2010.

Sources claimed that two former close allies of the ailing leader who failed to make it back to the newly reconstituted cabinet by acting President Goodluck Jonathan, are said to be answering questions over the manner the money was spent and for what purpose.

Yar’Adua left the country for Saudi Arabia on November 23,2009 and was spirited back into the country after spending 93 days at King Faisal specialist Hospital where he received treatment for acute pericarditis.
Security sources also added that the passports of the two former Presidential aides have also been impounded.

Although the name of a third top aide of the ailing leader also, allegedly, came up during the investigation into how the money was spent when the President was on sick bed in a Saudi hospital, the source could not confirm whether his passport has equally been seized.
The seizure of the passports, it was learnt, was to frustrate the former key members of Yar’Adua’s cabal “from fleeing the country and compromise efforts by the Goodluck Jonathan’s administration to hold some former cabinet members accountable for their deeds while Yar’Adua was away”.

Sources claimed that the two aides were responsible for the disbursement of the money while Aondoakaa also gave endorsement to some of the spending. They, allegedly, disbursed huge sums of money running into billions while Yar’Adua was in Saudi Arabia.
The source said, “ before the budget was signed in December 2009, one of the aides who happens to be a point man to Yar’Adua allegedly spent over N16 billion without recourse to the then Vice President, while the other allegedly gave his consent to the disbursements.

Sources said that while part of the N70 billion went into the fight to sustain the Yar’Adua Presidency during his sojourn in the Saudi Hospital, a huge chunk of it went into private pockets and were salted away into some foreign accounts.

The source added that the missing fund is believed to have been used to fund the unrelenting propaganda embarked on during Yar’Adua’s stay in Saudi Arabia and since he was brought back to Abuja.
Part of the money, it was learnt was also used to sponsor various litigations to challenge the proclamation of Jonathan as acting President.

SUNNEWS

Mourinho hits out at press

2010-04-02T23:40:00.000+01:00

Jose Mourinho has stoked his feud with the Italian media by issuing a terse statement ahead of Inter Milan's Serie A clash with Bologna.

The former Chelsea boss has endured a difficult relationship with the press since his move to Italy and it has worsened in recent weeks.
Mourinho, who has often declined to attend press conferences, answered questions from fans on the Inter Channel this week and the media have seized on one of his comments.
Asked whether the title race was now a three-horse race following his side's recent poor run, Mourinho said: "I don't want to talk about the championship. It's not a three-horse race. It's a fight between one team and many other things."
The press interpreted this as a dig at the football authorities, of whom he has fallen foul on a number of occasions this season, but Mourinho said in a statement on the club's official website: "Who changed my words, 'many other things'? Not me.
"Don't I even have the right to talk to the Inter fans without someone poking their nose in at all costs???"
He then continued with a message to his club's supporters, saying: "Tomorrow it's just us: tired, injured, suspended. Us, who, together with you, have to win a very difficult match against Bologna.
"Sincere thanks to all the fans for the support and the great passion that they transmit to us, and that we all feel."
Meanwhile, Mourinho has named Mario Balotelli in his squad for the first time in nearly a month.
The 19-year-old, who has been linked with a move to AC Milan, reportedly infuriated Mourinho by donning a Rossoneri jersey during a television show last month but this week issued a statement apologising for his part in the spat.
Inter have four players suspended for the Bologna clash - Samuel Eto'o, Maicon, Lucio and Javier Zanetti - while Wesley Sneijder is battling an injured ankle.

Benfica beat ten-man Reds

2010-04-02T02:41:00.000+01:00

Ten-man Liverpool were undone by two harsh penalty decisions and an at-times shambolic refereeing display as they lost 2-1 to Benfica in a hostile Europa League quarter-final first leg in Lisbon.
Daniel Agger gave his side the perfect start in the ninth minute but things took a turn for the worse when Ryan Babel was dismissed on the half-hour for thrusting a hand in Luisao's face.
Oscar Cardozo wasted numerous chances before converting two spot-kicks but with an away goal Rafael Benitez's side still have hope for the return leg.
Fulham moved one step closer to a fairytale Europa League semi-final after they recorded a 2-1 win over German champions Wolfsburg at Craven Cottage.
A late goal from Alexander Madlung tainted the night for Roy Hodgson's side, who had taken the lead thanks to two second half goals from Bobby Zamora and Damien Duff.
Zamora's 18th of the season was followed by a controversial cupped-ear celebration aimed at the home fans before the striker played in Duff for Fulham's second.
The Cottagers looked set for a two goal victory margin before Madlung rose to beat Mark Schwarzer just before the death to leave the tie finely poised going into next week's second leg in Germany.
Hamburg kept alive their dreams of playing in the Europa League final at their home stadium by edging their quarter-final first leg against Standard Liege 2-1.
The Belgian side took the lead after 31 minutes through Dieumerci Mbokani but Mladen Petric equalised from the spot for HSV three minutes before the interval and Ruud van Nistelrooy completed the turnaround on the stroke of half-time.
Spanish rivals Valencia and Atletico Madrid produced an entertaining 2-2 draw at the Mestalla to leave all to play for in the second leg of their Europa League quarter-final tie.
All the goals were scored in the second half, with Atletico twice going ahead through Diego Forlan and Antonio Lopez, and Valencia equalising each time thanks to goals from Manuel Fernandes and David Villa.
ESPNSOCCERNET

Fabregas has suspected broken leg

2010-04-01T02:40:00.000+01:00

Arsenal captain Cesc Fabregas fears his season is over after suffering a suspected broken leg during Arsenal's dramatic 2-2 Champions League quarter-final draw against Barcelona at Emirates Stadium.

Fabregas was a surprise starter in the first leg tie at the Emirates Stadium after he shook off a knee injury to line-up against his boyhood idols but hobbled off after firing in an equalising penalty in the 85th minute.
The Spanish midfielder revealed to reporters after the game that he "felt his leg go" and fears his season and maybe even his World Cup dreams have been damaged by his heroics.
"I fear the worst, which is that I have broken something," Fabregas said. "We have to wait for tomorrow, but I hope I can wear the Arsenal shirt again this season.
Fabregas, who left stadium on crutches, added: "I do not think it is going to be good news, but still I hope there will be.
"When I took the penalty, I was quite strong, but after when I went to get the ball, I could not walk any more.
"It is the fibula. I think I put my leg between Puyol's when I was fouled, and kicked it."
Fabregas added: "Until the penalty, I was feeling quite good. It has been an amazing experience and I will remember it for the rest of my life."
The Arsenal skipper had an x-ray straight after the match but the scans proved inconclusive and he will undergo further tests on Thursday morning to assess the full extent of the damage.
Arsenal manager Arsene Wenger said: "It looks like he will be out for a while."
Fabregas' injury was not the only blow to Wenger on a night when he also lost Andrei Arshavin and William Gallas.

Wenger told French TV: "He [Gallas] pulled his calf muscle and I think it's the end of the season for him."