Nigeria's President Muhammadu Buhari declares assets

Declare Their Assets




The assets of President Buhari and Vice President Yemi
Osinbajo have finally been disclosed. Below is a press
statement from the presidency.
“Documents submitted by President Muhammadu Buhari to
the Code of Conduct Bureau (CCB), show that the retired
General has indeed been living an austere and Spartan
lifestyle, contrary to what many might expect of a former
Head of State of Nigeria and one who has held a number of
top government positions, such as governor, Minister of
petroleum and the head of the Petroleum Development
Trust Fund (PTDF).
“The documents submitted to the CCB, which officials say
are still being vetted and will soon be made public, show
that prior to being sworn in on May 29, President Buhari
had less than N30 million to his name. He also had only one
bank account, with the Union Bank. President Buhari had
no foreign account, no factory and no enterprises. He also
had no registered company and no oil wells.
“The Vice President, Professor Yemi Osinbajo (SAN) who
had been a successful lawyer before his foray into politics
declared a bank balance of about N94 million and 900,000
United States Dollars in his bank accounts.
“President Buhari declared however that he had shares in
Berger Paints, Union Bank and Skye Bank.
“This is entirely unlike what one might expect from a
former head of state of a country like Nigeria.
“The documents also revealed that President Buhari had a
total of five homes, and two mud houses in Daura. He had
two homes in Kaduna, one each in Kano, Daura and in
Abuja. One of the mud houses in Daura was inherited from
his late older sister, another from his late father.
He borrowed money from the old Barclays Bank to build
two of his homes.
“President Buhari also has two undeveloped plots of land,
one in Kano and the other in Port Harcourt. He is still trying
to trace the location of the Port Harcourt land.
“In addition to the homes in Daura, he has farms, an orchard
and a ranch. The total number of his holdings in the farm
include 270 heads of cattle, 25 sheep, five horses, a variety
of birds and a number of economic trees.
“The documents also showed that the retired General uses a
number of cars, two of which he bought from his savings
and the others supplied to him by the federal government in
his capacity as former Head of State. The rest were donated
to him by well-wishers after his jeep was damaged in a
Boko Haram bomb attack on his convoy in July 2014.
“As revealed by the same forms, highlights of the Vice-
President, Professor Yemi Osinbajo’s asset declaration
include his 4-bedroom residence at Victoria Garden City,
Lagos and a 3-bedroom flat at 2 Mosley Road, Ikoyi. The
Vice President also has a 2-bedroom flat at the popular
Redemption Camp along Lagos-Ibadan Expressway and a
2-bedroom mortgaged property in Bedford, England. Aside
from these, the Vice President has no other landed
properties on the form.
“Apart from his law firm, known as SimmonsCooper, the
Vice-President also declared shareholding in six private
companies based in Lagos, including Octogenerium Ltd.,
Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd.
and MTN Nigeria.
“According to details shown on the form, the Vice-
President has about ninety four million naira, nine hundred
thousand US dollars and nineteen thousand pounds in
Nigerian Banks with the foreign currencies kept in local
domiciliary accounts. His personal vehicles are one Infinity
4-Wheel Drive SUV, one Mercedes Benz and a Prado Jeep.
“As soon as the CCB is through with the process, the
documents will be released to the Nigerian public and
people can see for themselves.”
Signed :
Garba Shehu
Senior Special Assistant to the President (Media and
Publicity)

How 5-star Ikeme keeps Eagles on top

A wingless Super Eagles team managed by Sunday
Oliseh could only manage a goalless draw against
Tanzania in their 2017 Africa Cup of Nations
qualification match at the National Stadium, in Dar es
Salaam yesterday.
It was the first official game for Oliseh as the head
coach of the Super Eagles.
Goalkeeper Carl Ikeme and Russian-based midfielder
Izunna Uzochukwu were handed debuts with the duo
of Haruna Lukman and Obiora Nwankwo returning to
the senior national side after some months in the
wilderness.
The first real chance of the game was missed by
Nigeria. Skillful Moses Simon was brought down and
the resultant free-kick to Emmanuel Emenike was
wasted.
Tanzania upped the tempo, putting pressure on the
three-time African champions.
The lively Mbwana Samatta forced a save from Ikeme
after he ghosted past Solomon Kwambe. It was
perhaps the best chance of the action packed game
in the opening thirteen minutes.
Samatta was at it again with his header too weak to
trouble impressive Ikeme.
For about ten minutes, the Super Eagles were left
chasing shadows with coach Sunday Oliseh not too
happy with his boys’ performance.In the 28th minute,
skipper Ahmed Musa delivered a well constructed
shot after he was set-up by Emenike.
The homers had a strong penalty appeal turned
down by the match referee on the half-hour mark.
Taifa Stars were in need of the opener and were
urged on by their die hard fans.
Coach Oliseh clearly showed his displeasure with the
performance of Haruna Lukman. The former Golden
Eaglets skipper made way for Slyvester Igboun who
was handed his international debut for Nigeria in the
36th minute.
The hosts were nearly punished for a defensive
blunder but Moses couldn’t utilise the opportunity
that came his way.
Nigeria conjured up one final chance in first-half
stoppage time, but Emenike’s speculative effort was
easily held by goalkeeper Mustapha.


The Super Eagles were much more improved after
the break with Emenike leading the charge.
Musa was put through on goal by Emenike but the
CSKA Moscow forward couldn’t deliver a good cross
to his team-mates. His final ball was poor.


On the hour mark, Tanzania were almost in front. It
took a timely tackle to stop them.
A criminal miss by Tanzania summed up a wasteful
afternoon for them. Ngasa Mrisho headed wide in
front of an empty goal.


Thomas Ulimwengu then forced another save from
impressive Ikeme who held the low shot at a second
attempt. The England-based goalie enjoyed a brilliant
game on his international debut for Nigeria.
Five minutes from time, substitute Eduok got a rare
Nigeria chance as he tried to chip the ball over
goalkeeper Mustapha.
Oliseh didn’t exactly get off to a flying start in charge
of the Super Eagles.


The Super Eagles were the happier of the two teams
to get a point on the road as the Taifa Stars were
clearly the better side.


With yesterday’s draw against Tanzania, the Super
Eagles now top the group with four points.
Egypt will however, overtake Nigeria at the summit of
the standings if they defeat Chad on Sunday at Stade
Omnisports Idriss Mahamat Ouya, N’Djamena.

Baba Suwe Explains Why He Will Never Marry Actress Again

Renowned Nigerian comic actor, Babatunde
Omidina, better known as Baba Suwe, who lost
his actress wife six years ago, disclosed he would
never marry an actress again.


The 57-year-old Yoruba actor shed some light on his
private life while speaking with Potpourri, Vanguard
reports.
It is obvious that even after years of living
without Omoladun, who used to be his real
soulmate, Baba Suwe cherishes memories about
her.
Baba Suwe
“It has not been easy but life must go on. I believe
whatever happens has been pre-ordained. The
death of Omoladun was a great loss I cannot get
over in this lifetime. She will remain my best
companion. She understood me than any other
person on planet earth. At times when we
quarrelled in the house, she would abuse me on set
and that would mark the end of the issue.”

Olu Of Warri, Ogiame Atuwatse II, Is Dead

Ogiame Atuwatse II, the Olu of Warri, has
reportedly died in Lagos state.
According to Daily Times, the traditional ruler
of Itsekiri kingdom in Delta state passed away last
night from an undisclosed illness. Sahara Reporters
adds he gave up ghost in a private hospital.

7 year old girl shot by her dad before he turned the gun on himself

Mary Shipstone was shot in the head by her father as she stood on her own doorstep next to her mother, clutching a new violin, after she returned from school in September last year. She was taken to King's College Hospital, London, but later died of her injuries.
According to Daily Mirror, her father, Yasser Alromisse, 46, was hidden in the rear of a silver Toyota on the drive by the house, in Northiam, near Rye, East Sussex, when he fired the shot.
The car windows were tinted and he had created a blind from bin bags to shield himself. His body was later found in a pool of blood in the rear of the car, where he had shot himself in the head.
Lyndsey, Mary's mother who had recently moved into a safe house in the area after domestic violence caused her to separate from her husband because she did not want be traced by Alromisse following the collapse of their marriage, told the inquest the killing was an "act of revenge".
"Why did he kill Mary? I don't think I will ever really know that." she said."He wanted to kill himself and for some reason he thought she shouldn't live without him. It was an act of revenge really. It has got to be. If he really loved her, he never would have murdered her. I was the one he hated the most."
The court heard he hired private detective Paul Parton in May 2014 to try and track her down but Mr Parton was unable to locate Lyndsey and later withdrew his services because of his concerns over Alromisse's motives.
Coroner Alan Craze said it was not clear how Alromisse eventually found the address. He described the murder as a "thoroughly despicable act of violence. It was not in any way spontaneous. It was pre-meditated over a long period of time."
Source: Daily Mirror

Woman arrested for drug trafficking accuses husband of setting her up

A 38 year old mother of three, Rashidat Abdulkarim, who was arrested by officials of the National Drug Law Enforcement Agency for attempting to export 2.04kg of cannabis to South Africa has accused her husband of setting her up.
According to The Nation, the dried weed found in her luggage at the cargo section of Nigerian Aviation Handling Company, tested positive for cannabis and was concealed in cartons of seasoning cubes.
Rashidat, who sells female shoes and hand bags said that she is still in deep shock that cannabis was found in the parcel her husband told her to collect from a man which she was supposed to deliver to him when she gets to South Africa
“I am in shock and pained that my husband is behind my problem. My husband sent twenty-eight thousand naira to buy locally made textiles. He also told me that one man will bring food seasoning and herbal medicines to me. I bought the textiles and added it to the seasoning bought by the man. On getting to the airport, drug was found inside the carton of seasoning. I am so sad and disappointed. I struggle to fend for myself and my three children. Even before my husband traveled to South Africa, he left me with the upkeep of the family. I have suffered so much financial neglect. I have never smuggled drugs all my life. He had done the worst. My eldest child is only thirteen years”she said

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★ Date : 07.09.2015
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The 100% Correct WAEC GCE 2015 ECONOMIC Answers

(1a)
(s)TC=AC*Q
=6*3=18
(T) TC=AC*Q
=6*5=30
(U) AC=TC/Q
=14/2 =7
(v) AC=20/4
=5
(w) AC=48/6
=8
(x) AC=14-6
=6
(y)20-18=2
(z)30-20=10
(1b)
(i) Profit=revenue-cost
$10-$1
=$9
(ii)P=R-C
=$10-$4
=$6
(1c)
-It is output 1
-It is where TC=AC
(5a) Inflation may be defined as a persistent rise in the general price level of goods and services. Inflation occurs when the volume of purchases is permanently running ahead of production and too much money in circulation chasing too few goods
(5bi) Demand-pull inflation occurs when consumers have high purchasing power leading to increases in aggregate demand without a corresponding increase in supply.
(5bii) Cost-push inflation occurs when increases in cost of production are passed on to consumers in the form of high prices for the goods and services on sale. The prices of goods and services are pushed up by rising costs.
(5c)
-High cost of production: when there is high cost of production,manufacturers build in this high cost into cost per unit and pass it to consumers leading to cost pull inflation
-Increase in salaries and wages: when salaries and wages are increase without corresponding increase in supply of goods and services,it can lead to excess money in circulation chasing few goods
-Excessive bank lending: This can lead to excessive money in circulation chasing few goods and services
-Money laundering: Mass transfer and injection of money into circulation can also cause inflation
(3ai)
-A firm is the basic unit within which factors of production are organised for the purpose of producing wealth. it is an entity which specialises in the production and distribution of goods under one administration. e.g Texaco Nig Ltd, Leventis PLC
-An industry on the other hand is a group of firms producing similar products and under separate administration.

(3aii)
-Location of industry is defined simply as the siting or establishment of a firm or industry in a particular place.
-Localisation on the other hand refers to the concentration of firms or industries producing similar products in an area.

(3b)
(i)
Proximity of source of raw materials:
-cement producing industries should be located close to sources of raw materials to reduce transportation.
-perishable goods like fruits, palm oil industries etc should also be located near their raw materials.

(ii)
Availability of capital:
-there should be enough capital to purchase industrial input before and after setting up industries
-entrepreneurs should have access to loans

(iii)
Nearness to source of power:
-there should be ready dependable source of power
-source of power could be electricity, coal, thermal etc
(iv)
nearness to market:
-there should be ready market for the products
(8a) Economic growth maybe defined as the process by which the productive capacity of an economy increases over a givenperiod,leading to a rise in the level of the national income.
(8b)
(i) Population explosion: Underdeveloped countries do witness high birth rate leading to population explosion.
(ii) Low standard of living: The standard of living in these countries is generally low
(iii) High dependency on foreign nations: Most of these developing nations depend greatly on foreign countries for their survival.
(iv) Low savings and investment: Labour receives low income and this reduces or leads to low savings and investments.
(8c)
(i) Encouragement of savings: People and firms should be encouraged to save provided there is an improvement in their income. Good savings leads to investments. Expenditure in consumption should be reduced.
(ii) Provision of capital: Banks should be encouraged to provide capital or fund for individuals and firms to enable them embark on productive ventures.
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1-10: BBCDCACCDB
11-20: BCAABCDBBA
21-30: CCBBDBCCAD
31-40: DABCBBDBDC
41-50: CABABBBCDC