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Ponzi: New Bill empowers SEC to sanction unregistered investment schemes

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  The Securities and Exchange Commission (SEC) would in the nearest future be able impose stiffer punishment on promoters of Ponzi schemes and other unregistered investment schemes, if changes to its laws are passed by the National Assembly. Under the proposed law, ‘A bill to repeal the Investment and Securities Act 2007 and to enact the Investments and Securities Act, 2021’ which passed the second reading at the floor of the House of Representatives yesterday, SEC will be empowered to address the challenges of Ponzi schemes.

#EndSARS - Govt, Police, LASG Warn Against Fresh Protests

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  The Federal and Lagos State governments yesterday warned organisers of #OccupyLekki protests to desist from their action slated for tomorrow or face their wrath.                                                   Aside from both governments, Lagos State Police Commissioner, Mr. Hakeem Odumosu, also advised the protest organisers to have a rethink but the organisers insisted that they would not be intimidated into backing down. The organisers of the protest had said earlier in the week that it was meant to counter the pronouncement of Lagos State Panel on #EndSARS protest which gave Lekki Concession Company, operators of Lekki Toll Gate, the all-clear to restart operations. This is even as another group of protesters vowed to counter the #OccupyLekki protest to save Lagos from further destruction. Speaking on the planned protest at a media briefing in Abuja yesterday, Minister of Information, Alhaji Lai Mohammed, said the Federal Government will not fold its arms and allow another roun

Super Eagles of Nigeria All-Time Top Goal scorers

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  1 Rashidi Yekini - 1984 to 1998 37 goals 2 Segun Odegbami - 1976 to 1982 23 goals 3 Yakubu Aiyebeni - 2000 to 2012 21 goals 4 Ikechukwu Uche - 2007 to 2014 19 goals 5              Obafemi Martins - 2004 to 2015                                         18 goals

CNN exposure of Lekki Massacre of 20th October 2020

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  How a bloody night of bullets and brutality quashed a young protest movement. Please note: This video contains graphic images of blood and death  Full video and story here:  - https://edition.cnn.com/2020/11/18/africa/lagos-nigeria-lekki-toll-gate-feature-intl/index.html Culled from CNN

20 biggest songs of 2018 across Africa

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East Africa Sauti Sol - 'Short N Sweet' feat. Nyashinski (Kenya) Sauti Sol  is a Kenyan afro-pop band formed in Nairobi by vocalists  Bien-Aimé Baraza, Willis Chimano  and  Savara Mudigi  in 2005. Initially an Acapella group, then they were joined by guitarist  Polycarp Otieno,  to complete the quartet called Sauti Sol. They released the song  'Short N Sweet'  in May and it immediately grew into one of the biggest songs in the region. ''Short N Sweet'' , is a love collaboration with  Nyanshinski  and is accompanied by a lovely video that has been viewed over 5M times on Youtube since it was released. Harmonize - 'Kwangqaru' Feat. Diamond Platnumz (Tanzania) Tanzanian singer,  Harmonize  teams up with his label boss, Wasafi Record and award winning  Diamond Platnumz  on this heavy joint. 'Kwangqaru'  is a brilliantly delivered East African combination that blends a mix of Swahili and Yoruba languages to give it a

Court grants Fayose N50m bail from EFCC custody

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The Lagos division of the Federal High Court sitting in Ikoyi has granted a N50 million bail bond to former Ekiti State governor, Ayodele Fayose. Former Ekiti State governor, Ayodele Fayose, (Source: Twitter/@OlayinkaLere) Fayose is facing an 11-count charge bothering on receiving money illegally to fund his 2014 governorship campaign, among other allegations of benefitting from proceeds of money laundering. When he was first arraigned before the court on Monday, October 22, 2018, the outspoken former governor  pleaded not guilty to all the charges  and pressed for bail. During his second appearance before the court on Wednesday, October 25, the presiding judge,  Justice   Mojisola Olatoregun , granted him bail in the sum of N50 million with two sureties who have landed properties in Lagos and must possess three years tax clearance in the state. The judge also directed the former governor to submit his international passport to the court. The court's decision in Fa

British government informs Nigeria of plans to issue travel document to Nnamdi Kanu

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Nnamdi Kanu The British government has informed the Federal Government of plans to issue travel document to the leader of the Indigenous People of Biafra, Nnamdi Kanu. A top government official disclosed this to reporters on the condition of anonymity on Tuesday. Kanu is a dual citizen of Nigeria and Britain. The source said in informing the Federal Government of their intention, the British authorities made it clear that they have the best intentions towards Nigeria. “The British authorities have briefed the Nigerian government about the temporary travel documents they are about to issue to Nnamdi Kanu, who holds a Nigeria-UK dual citizenship. “It shows that they have the best intentions towards the Federal Republic of Nigeria,” the source said. Source: The Punch Newspaper