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The acting Managing Director of the Federal Mortgage Bank of Nigeria, FMBN, Richard Esin, has sought the assistance of the Economic and Financial Crimes Commission, EFCC, in the recovery of bad debts totalling over N70 million owed by some property developers.
Esin, who led a delegation on a courtesy visit to the Commission’s acting Chairman, Ibrahim Magu, on Wednesday, August 18, 2016, in Abuja, said: “We seek the kind assistance of the Commission on the recovery of the funds to the bank. These monies belong to Nigerian citizens.
“There are several organisations not complying with the provisions of the National Housing Fund Act and we hope that the Commission will work with the bank to promote the Act.”
He further assured Magu that the existing Memorandum of Understanding, MoU, between the Commission and the bank was still effective.
The FMBN, who stated that affordable housing was a veritable tool in the fight against corruption, added that ‘‘Over N3billion in mortgages have been released for over 100 staff of the EFCC; N1.6 billion National Housing Fund loan by First Generation Bank for 131 staff is awaiting the Board’s approval and N1.3 billion NFH loan has not been disbursed because houses are not available.’’
In his remark, Magu stated that his administration would continue to be guided by the details of the MoU between the Commission and the bank.
He, however, added that the law governing the NHF scheme needed to be checked and reviewed at the legislative level.
Magu further urged the bank to strengthen its Compliance Unit.
He added that ‘‘The Commission is willingly to create a desk dedicated to the FMBN needs.
Kulele crooner Lawrence Uwaifo popularly know as Kilo One is out to thrill his teem fans with his latest single title ‘Our Love’. The multi-talented artist and songwriter has just drop the mind blowing banger ‘Our Love’ produce by 2Jo.
The sensational RnB singer disclose that his latest work ‘Our Love’ was inspired with happening in the country today, which prompted him to educate the people about the need to love toward one another.
“Our love’ is a beautiful song with Highlife turns, containing words of inspiration, motivation, love that will encourage the country and individual to be better people.
“My dream is to inspire the world through my song, therefore I decided to do a song that contains inspirations and motivational words to help the people grow from headship, poverty and molestation.
“I realise Nigeria are happy people, and love dancing, with ‘Our Love’ you can’t stop dancing, I am making that also my selling point,” the award winning artiste said.
The Edo State born artiste also have a word of advice for the Federal Government of Nigeria, according to him: “This country is bless so many talented artistes of different genres all over. I will like to see government invest in the entertainment industry so that these talented youths can achieve their aim, and take their mind of corruption, hooliganism and all form of evil vices in the society,” he disclose.
Kilo One has other songs like ‘Number one girl’, Kulele another other singles currently ruling the air-wave.
You can follow Kilo One on instagram/Twitter @kiloone2 and Facebook as KILO ONE.
The Nigerian Air Force successfully reconfigured another Alpha Jet for combat role. The latest conversion making the third alpha jet to be reconfigured to carry both rockets and bombs for combat mission by the NAF Technical Response Team (TRT) under the leadership of Air Marshal Sadique Abubakar.
Ahead of the nominee announcement which comes up on August 22, 2016, members of the Jury for the All Africa Music Awards, AFRIMA, arrived in Lagos, Nigeria on Tuesday, August 17,2016 and have commenced the adjudication exercise.
The screening/nominee selection is scheduled to hold in Lagos State just as the city was last Monday August 15, declared the host city for AFRIMA 2016 by the African Union.
The 13-person International Jury of AFRIMA, which represents the five regions of Africa, the Diaspora and AUC, are: Kawesa Richard (Eastern Africa-Uganda), Delani Makhalima (Southern Africa-Zimbabwe), Christian Syren (Southern Africa-Southern Africa), Rita Ray (Diaspora-UK), Kiki Toure(Central Africa – Equatorial Guinea), Rab Bakari (Diaspora –USA), Oscar Kidjo (Western Africa-Benin Republic), Laolu Akintobi (Western Africa-Nigeria), Tabu Osusa (Eastern Africa-Kenya), Robert E. Ekukole (Central Africa-Cameroon), Angela Martins (African Union Rep.) promises to uphold the AFRIMA's value of FACE IT(Fairness,Authenticity,Creativity,Excellence,Integrity,Transparency).
The entry submission process that was opened to artistes, music professionals and other stakeholders living on the continent and in the Diaspora, commenced on Monday May 30 and closed on July 30, 2016. Realizing a total score of over 2,714 entries from music practitioners across the continent for this year's edition of the All Africa Music Awards, AFRIMA. Hence, the call for the commencement of the proper documentation of the nominees to emerge for the consideration for AFRIMA 2016 awards.
The purpose for this 7-day screening exercise and nominee selection is to provide for well-deserving artistes and music professionals to emerge as winners ranging from the regional categories to the continental categories. This brings for a crucial responsibility of screening, categorizing, assessing and selecting nominees from the body of works submitted for award consideration. Following this, the adjudication process will be concluded by the final announcement of the nominees' list in all 34 categories.
Following this, the adjudication process will be concluded by final announcement of the nominees' list in all 34 categories. The 2016 edition of the award will take place on 4-6 November,2016.
Again, Dreg Waters Petroleum and Logistics Limited blazed the trail as a
top-notch oil servicing company just as it prepares to showcase its
services at the 2016 Africa Oil Week holding in Cape Town, South Africa
come October 31-November 4, 2016.
Securing a booth at the 23rd Africa Oil Week, not only stamps Dreg
Waters Petroleum and Logistics Limited as the leading go-to company for
documentations and timely approvals of oil licenses, it emphasises its
resolve to emerge a global brand. According to the Chief Executive
Officer, Damilola Owolabi, Dreg Waters Petroleum has secured a corporate
booth alongside several industry giants across the globe and it will
render same services it is known for in Nigeria to other stakeholders
from other parts of the continent.
“This is not our first time at the Africa Oil Week and we are delighted
to have secured a booth again in 2016. Converging on Cape Town alongside
Oil and Gas giants is a privilege and we are ready to go the whole hog
in living up to our name. We have been allocated Booth 70 at AOW and the
company will have its full details of services available to review on
its corporate stand. As usual, we are storming Cape Town with our senior
executive officers who will delightfully provide information and advice
on which services best suit companies from any part of Africa.”
“Moreover, we are including our turf, which is facilitating and securing
oil licences, permits and approvals for clients. It’s a passion that has
translated to delivering the best services in this industry and the
company has effectively progressed from servicing to servitisation of
the Nigerian shipping, oil & gas industry,” she said.
The Africa Oil Week (AOW) is the premier international oil and gas event
for Sub-Saharan and Maghreb-North Africa; it is the flagship Africa
Upstream conference that has long-pioneered, and continues to shape, the
consolidation of strategy and technical geo-science knowledge on the
continent’s oil and gas, and for shaping portfolio in Africa and the
wider exploration world.
Organised by Global Pacific and Partners, and ITE Group Plc, the 23rd
edition of AOW will be held at the Cape Town International Convention
Centre, South Africa from October 31 to November 4, 2016. This event
showcases products in or on the continent for its fast-growing oil,
gas-LNG and energy industry etc. in the Petroleum, Oil & Gas industry.
The 2016 edition is set to showcase Africa’s Governments, national oil
companies, licensing agencies and corporate players shaping the
continent’s future in exploration and production/development, across new
frontiers and established basins, with extensive high-level senior
executive networking for securing new venture possibilities and
finance/investment opportunities.
