Hope that succour would come from
the Nigerian government over the freezing of the accounts of all
participants in the Ponzi scheme from Russia MMM have been dashed by the
The Economic and Financial Crimes Commission (EFCC).
EFCC says there is nothing it can do about MMM freeze
The
EFCC reacted to the freeze on Tuesday, December 13 just hours after
reports began to emerge that the freeze could mean the beginning of the
end of the scheme in Nigeria.
The
anti-corruption agency said on its official Twitter handle that there
was nothing it could do if indeed the scheme had failed entirely.
It
noted that Nigerians had been warned about the scheme in advance and so
there was nothing that it could do. Besides, it noted, there were more
important corruption matters for it to face than MMM freeze.
To
all those that were involved in the scheme and may now lose their
funds, including the commission's own staff, the EFCC tweeted:
Recall that the MMM founder Sergey Mavrodi had reportedly written an open letter to the Nigerian government claiming that the scheme would never fail.
Hours after the letter was received by every participant in the MMM scheme, accounts were frozen.
Tags:
Prices of foodstuff crash ahead of Christmas
Updated:
3 hours ago
Views:
9789
- Nigeria has been facing serious economic crises for many months thus causing disillusionment among the masses
- However, while Nigerians continue to cry about the situation of the country, the prices of products have crashed
Nigerians
may begin to heave a sigh of relief ahead of the Yuletide as prices of
foodstuff have continued to crash amid tight pockets coming from a
troubled economy.
The News Agency of Nigeria
(NAN) reports that the prices of tomatoes and pepper have dropped by
about 55 percent in most markets in Lagos state.
Prices of foodstuff crash ahead of Christmas
This means the prices could be far lesser in the northern part of Nigeria and other states with a high population of farmers.
Most of such products come into Lagos from other states.
The report said a basket of tomatoes at the popular Mile 12 and Iddo markets which previously cost N9,000 now sells for N5,000.
The report also said pepper now sells for between N4, 500 and N4,000 respectively, as against N8,000 in November.
According
to the report, the price of onions has also gone down with a bag now
selling for N17, 000 as against N28, 000, while a plastic container of
garri now sells for N650.
The spokesperson of
the Mile 12 Traders Association, Mr Femi Odusanya, reportedly explained
that the prices of the commodities dropped due to massive harvest of the
items for the Yuletide season.
He said: “Most farmers are harvesting their produce now leading to surplus and drop in prices of the items in the market.
“Our
appeal to government is to mop up the excesses through preservation
because prices will further drop until April when the produce will not
be in season.
“We do not want a repeat of previous experience that we had much food waste due to our inability to preserve the excesses.”
He
pleaded with the government to take urgent steps to encourage farmers
to mass-produce crops and ensure food sufficiency in the country.
The
report also said at the Daleko market, the price of a 50-kilogramme bag
of rice ranged between N16,000 and N24,000 depending on its brand.
But
the state government has promised to flood every local government with
affordable rice which it has produced in partnership with Kebbi state.
A
rice seller, Mrs Yinka Okunola, explained that the price of rice was
still high as a result of the current exchange rate of the Naira and
non-availability of local variety in most markets.
She was quoted as saying: “We
do not have the locally produced rice in the market, and when available
it competes favourably with the imported rice and forces a reduction in
the prices of rice.”
Tags:
Importation Of Rice Lagos State News Today Mile 12 Anchor Rice Borrowers Programme In Kebbi State Economy Recession
2016 Glo Ovation Carols set to hold in Lagos
Updated:
3 hours ago
Views:
3006
The 2016 edition of the
high profile Glo Ovation Carols has been slated for December 18, 2016 at
Eko Hotel and Suites, Victoria Island, Lagos.
The
carol which has become a permanent fixture in the annual calendar of
some of Nigeria’s most influential people will kick off at 7 pm and last
till late evening to give music lovers ample time to enjoy themselves.
Top
American hip-hop group, Cameo, which sang the global hit, Attack me
with your love,has confirmed participation as the headline act of the
night of glitz, glamour and music. The audience will have opportunity to
relive the good old days with the monster hits of this group, such as “Cameosis”, “Thank God it’s Friday”, “Attack Me With Your Love”, “Real Men…Wear Black”, amongst others.
Internationally-acclaimed
Juju maestro, King Sunny Ade, will be adding colour and panache to the
event with his performance. The organizers of Ovation Carols plan to use
the event to commemorate his 70th birthday.
The
trio of Globacom brand ambassadors, Nabania crooner, Flavour, Katapot
exponent, Reekado Banks, and Korede Bello, will also perform at the
event.
Nollywood great, Richard Mofe-Damijo,
and the delectable Daala Oruwari are billed to compere the carol which
will feature other wave-making artistes including saxophonist, Olu
Jazz.
The sponsor of the show, Globacom, in a
statement released in Lagos, said Nigerians would not forget the 2016
Ovation Carols in a hurry with the eclectic blend of carols, pop, rock
and blues, electro and hip-hop that would kick-start the Yuletide
celebrations.
“We are proud to associate
with the Ovation Carols again this year to further our support for
African musical culture. We acknowledge the Yuletide as a period of
mirth and celebration and a time to employ music as a tool of
appreciation to God for preserving mankind. We will therefore be
rewarding our loyal subscribers with special invitations to the event to
savour the sublime menu of fun, music and laughter in continuation of
our culture of appreciating our stakeholders in this season of
goodwill,” the company said.
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