money
US company mistakenly deposits $1.2 million into woman’s account
It’s not quite the nearly $1 billion blunder that Citigroup Inc. made last summer, but Charles Schwab Corp. said it accidentally sent more than $1 million dollars to the Fidelity Brokerage Services account of a woman in Louisiana. Schwab blamed an “issue created by a software enhancement” for erroneously transferring $1.2 million in February to the Fidelity account of Kelyn Spadoni, rather than the $82.56 she had requested, according to a lawsuit filed in federal court in New Orleans last month. When the company realized the mistake and attempted to take the money back, it was gone and Spadoni wasn’t answering her phone, the bank said. Spadoni, 33, of Harvey, Louisiana, was arrested earlier this week and fired from her job as a 911 dispatcher, nola.com and WVUE-TV reported, citing the Jeff...
Rivers governor: I haven’t touched one kobo of council funds
Rivers Governor Nyesom Wike has boasted his administration has not touched one kobo belonging to the local government areas. Wike insisted since the council chairmen had their allocations and other revenue in full, they had no reason not to perform. The Governor said his administration had vigorously addressed security challenges in the state to enable all council chairmen deliver dividends of democracy to people at the grassroots. He spoke at the Peoples Democratic Party (PDP) Local Government election grand finale rally in Obio/Akpor Local Government Area at Oginigba Primary School Field on Tuesday. He said: “The state government has provided the enabling environment for every local chairman in the State to perform. Since the inception of this administration, the State government has not...
Analysts: Printing currency could hurt economy
Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
How love affair gone bad led to imprisonment of Prophet Israel Oladele
When the Lagos State Court of Appeal granted the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Oladele Ogundipe, a post-conviction bail last week, on grounds of failing health, quite a number of people, particularly members of his congregation, were very happy with the news. This is because the televangelist’s previous bail applications were all turned down. Oladele was arraigned on seven counts bordering on obtaining by stealing, inducing delivery of money by false pretences, unlawful conversion of property and forgery, fraudulently collected N14m and £12,000 in various tranches from the complainant between August 30, 2002 and 2005. He was found guilty on two counts of stealing and unlawful conversion of property not delivered. And on November...
Kaduna monarch: Nigerian politicians are greedy opportunists
The emir of Birnin Gwari, Malam Zubairu Jibril Mai Gwari II, has lashed out on Nigerian politicians whom he described as greedy opportunists. The monarch made the comment in Kaduna during the North-West Conference on the State of the Nation and contemporary challenges in Nigeria organised by Arewa Research and Development Project ARDP and Savanah Center. He said some politicians have capitalised on illiteracy and poverty among the people to attain power. “I have said it on so many occasions and so it’s easy for me now to repeat what I have said before. Why do we have failure in politicians running state, local and federal governments? I traced the problem to who we consider as politicians in our localities. “If you go to every part of the country those who call themselves politicians, stak...
House seeks refund of N308 million wrongly paid to resident doctors
The House of Representatives committee on health care services has directed the National Association of Resident Doctors (NARD) to return N308 million in salaries wrongly paid to its members in the past four months. Chairman of the committee, Rep. Tanko Sununu said the N308 million had been with NARD and they are in touch with relevant organs of government to make sure that the money is paid back to government treasury. He however said, the monies were not refunded because the account into which the refund to be made was not given to them. He disclosed this after a closed-door meeting with NARD members on Friday. “At this meeting, we resolved and the account number was forwarded to the President of the Resident Doctors for onward transmission to the members so that the money can be paid ba...
Maureen Esisi: Leaving my marriage was my best decision ever
Maureen Esisi, ex-wife to popular Nollywood actor, Blossom Chukwujekwu, says she once contemplated suicidal thoughts after her divorce. Maureen talked about her failed marriage to the Nollywood actor in a monologue on her Youtube page. According to her, although it was not easy leaving the 2-year-old marriage, it “was the best decision ever.” “Let’s look back two years ago when I left my marriage. I left my marriage penniless broken and penniless. I can remember it like it was yesterday. I have no money in my account. My business had suffered so much,” she disclosed. “And I was broken. I had a friend who felt it in her heart to be there for me. I love her to bits. I moved out of my then home and moved into this place that you all love today. “It wasn’t easy, I swear. For the first time in ...
Court urged to restrain Nigerian government on £4.2 million James Ibori loot
The Federal Government has been sued over its planned use of the £4.2million linked to former Delta State Governor James Ibori. The President, League of Ndokwa Professionals (LNP), Chief Tony Amechi and Legal Adviser, Evans Ufeli, on behalf of the people of Delta State, are challenging the Federal Government’s plan to deploy the funds to projects outside Delta. The Attorney-General of the Federation (AGF), the Federal Executive Council (FEC) and the Minister for Finance are the defendants. In their originating motion, the plaintiffs seek a declaration that the first and second defendants’ decision to deploy the yet to be repatriated sum of £4.2million belonging to Delta State government (when repatriated) for Federal Government’s projects is unconstitutional and repugnant to natural justic...
APC chieftain writes on ’21 political lies in Nigeria’
A chieftain of the All Progressives Congress in Kwara State, Akogun Iyiola Oyedepo, says his book on “21 political lies in Nigeria” is to educate the electorate on the antics of politicians during elections. Oyedepo said this on Monday in Ilorin while speaking at the presentation of the book. The News Agency of Nigeria reports that the 21 chapter, 140 pages book chronicled many lies told by politicians to win votes during campaigns. According to Iyiola, the book is targeted mainly to educate the electorate on how to vote for candidates seeking their franchise, adding that if the electorate votes wrongly, it will live with them for another four years. He said: “I sat down and examined issues through which we win election and I discovered that some of these issues may be there. “They are imp...
Ayo Fayose: Ex-President Obasanjo sent Bode George to jail because of PDP national chairmanship position
Ayo Fayose, former governor of Ekiti state on Sunday revealed that former President Olusegun Obasanjo masterminded the incarceration of Chief Olabode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP) over tussle for the party’s national chairmanship position. Chief George had in an interview with a national daily accused Asiwaju Bola Tinubu, former Lagos state governor and Vice-President Yemi Osinbajo who was the Attorney-General and Commissioner for Justice in Tinubu’s government as the men behind his incarceration during the Nigerian Ports Authority (NPA) crisis. Although he was sentenced to two years imprisonment, alongside five others, by an Ikeja High Court on October 27, 2009, without an option of a fine, he appealed the judgment after serving his term a...
Namibian president caught in new fishing corruption allegations
Informante The president of Namibia has been implicated in new allegations of corruption involving the country’s lucrative fishing industry by an investigation released by the Organized Crime and Corruption Reporting Project (OCCRP) and The Namibian newspaper. According to a lawyer who allegedly arranged the deal, President Hage Geingob instructed his close associates to embezzle millions of dollars from a state-run fishing enterprise in order to bribe electors at the 2017 congress of the ruling SWAPO (South West Africa People’s Organization) party, reports the new investigation released on Friday. The lawyer, who is not named by the OCCRP, claims that Hage Geingob – elected as President of Namibia in 2014 and re-elected in 2019 – allegedly asked James Hatuikulipi, then chairman of the sta...
ECWA: Terrorists tactically taking over Northern Nigeria
The Evangelical Church Winning All (ECWA) has raised the alarm, saying terrorist groups are tactically expanding their activities and making incursions into other parts of the North. Addressing a press conference in Jos on Wednesday on the insecurity ravaging the country, ECWA President, Dr. Stephen Panya, said “Boko Haram and ISWAP have destroyed tens of thousands of lives and displaced hundreds of thousands of Nigerians and many Christians and Christian communities have been deliberately targeted and destroyed. “It is clear that these terrorist groups are gradually but tactically expanding their activities and making incursions into other parts of the north and even beyond, and the apparent lack of unity in the fight against these terrorist groups, and the inability of government to deal...
