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Nigeria Has Become World’s Capital For Corruption, Unemployment

Nigeria Has Become World’s Capital For Corruption, Unemployment
Nigeria Has Become World’s Capital For Corruption , Unemployment - Chief Olu Falae

A former Secretary to the Government of the Federation, Chief Olu Falae, on Sunday decried the worsening insecurity and poor state of the Nigerian economy.

Falae, who addressed journalists in Akure, Ondo State, said Nigeria had become the corruption and unemployment capital of the world.

Nigeria Has Become Capital For Corruption

The elder statesman insisted that if the activities of bandits who were already shooting down military jets were not checked on time, they would soon develop the boldness to negotiate for control of territories in the country.

He added that Nigeria was already at the edge of the cliff.

He said: “We are already at the edge of the cliff. The question is, are they going to topple into the abyss below? Or are we going to find a way of pulling back from the precipice? That is the question.

“For us to pull back, there must be a political initiative that will signal that tomorrow will be better than today. If there is no such signal, I don’t know what is going to happen tomorrow, I don’t know.”

Chief Samuel Oluyemisi Falae CFR (born September 21, 1938), simply known as Olu Falae, is a Nigerian banker, administrator and politician from Akure, Ondo State. He was secretary to the military government of Ibrahim Babangida from January 1986 to December 1990, and was briefly the Finance Minister in 1990. He ran for president in Nigeria’s Third and Fourth republics.

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TCN Restores National Grid

The Transmission Company of Nigeria (TCN) has announced the restoration of the national grid after its partial collapse on Monday.

This was made known by Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs in a statement in Abuja.

Mbah said that the national grid experienced partial system disturbance at about 10.51 am, as a result of a sudden drop in system frequency, which created system instability.

She said that the restoration of the affected grid commenced immediately at 11.55 am with Osogbo/Ihovbor, followed by Jebba/Osogbo, Kainji/Jebba, Benin/Onitsha, Shiroro/Kaduna, Shiroro/Katampe and Alaoji/Ikot-Ekpene.

Others are Lokoja/Gwagwalada, Odukpani/Ikot Ekpene, Benin/Omotosho, Oke-Aro/Ikeja west, Egbin/Oke-Aro and Kaduna/Kano.

She said the grid restoration has almost been completed, adding that the Nigerian Electricity Supply Industry (NESI) regrets any inconveniences caused.

Mbah said NESI appreciated the understanding of electricity customers within and outside the country.

According to her, NESI is committed to leveraging the concerted interventions instituted so far to enhance power supply reliability so that the issue of system disturbance will soon become outdated.

She said the National Control Centre would launch a full-scale investigation “to establish and ascertain the cause of the partial disturbance as this unwholesome event has resulted in aggregated generation loss.

 

 

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Chukwudi Ajaegbu, 35, Arraigned For $11,000 Fraud

A 35-year-old importer, Chukwudi Ajaegbu, has been arraigned before the Ogba Magistrate’s Court for allegedly obtaining $11,000 fraudulently from one Austine Ukaoha in the Ikeja area of Lagos State.

Ajaegbu appeared before Magistrate F.M. Onamusi on a three count charge.

The defendant, with others at large, were said to have conspired to commit felony, to wit stealing, thereby committing an offence punishable under Section 411 of the Criminal Laws of Lagos State, Nigeria 2015.

According to the police, sometime in 2010 on Bread Fraint Street, in the Balogun area of Lagos, the defendant, with others at large, conspired among themselves to obtain the sum under false pretences.

The charges read in part, “That you, Chukwudi Ajaegbu, on the same date, time and place, in the Lagos Magisterial District, did fraudulently obtain the sum of $11,000 from one Austine Ukaoha, under the pretence of importing goods from China, the presentation known to be false, thereby committing an offence punishable under Section 314 (3) of the Criminal Laws of Lagos State, Nigeria 2015.”

The defendant pleaded not guilty to the charges.

Magistrate Onamusi adjourned the matter till December 7, 2022.

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2023: NBC Tasks Broadcasters On Professionalism

The National Broadcasting Commission (NBC) has tasked broadcasters to handle political campaigns with professionalism.

The director-general of NBC, Balarabe Ilelah said this on Monday at a multi-stakeholders dialogue held in Abuja.

As campaigns for the 2023 elections are set to begin on September 28, Ilelah asked broadcasters to ensure not to allow hate speech or fake news on their platforms.

“This is in addition to ensuring equity in airtime allocation and coverage of political parties’ activities, particularly during prime times,” he said.

“It is also the time for you to make money from political adverts and campaigns, but ensure that this is done within the ambit of law.

“Broadcasters are also required to handle live political rallies with care and due professionalism. This is in addition to studio-based live political interviews/broadcasts. Because of the sensitivities of such programmes, broadcasters are advised to install delay mechanisms.

“Remember that broadcast stations are held responsible for any breach. The stations shall, therefore, assume and accept editorial responsibility”, he added.

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