Tuesday, 10 January 2017

Budget 2017: Lawmakers issue crucial warning to Buhari

Nigerian Lawmakers have issued a strict warning to President Muhammadu Buhari as regards the 2017 budget.

 The lawmakers warned that an un-ending face-off could be triggered if the president insists on having his way all through the budget process
The two chambers of the National Assembly are to resume on Tuesday, January 10.



Against the background of claims that legislative re-order and revision of the budget amounted to padding, legislators have sounded a note of warning that they would not condone any intrusion, as they execute into their duties as stated in the constitution.

Besides the budget and the MTEF/FSP, also on agenda of the returning lawmakers are the Petroleum Industry Governance Bill, PIGB, the ban on the importation of vehicles through land borders, the crisis in Southern Kaduna and an investigation into the state of the aviation sector.

The 2016 budget proposal was enveloped in controversies, following the disappearance of the budget document in the Senate, the circulation of fake copies and allegations of the inflation of the proposals.

To avoid the acrimonious situation in the 2017 budget, the Presidency had, through the Special Assistant to the President on National Assembly Matters, Senator Ita Enang, last year, given conditions upon which the President would sign the budget.

Senator Enang, at a colloquium on Budget Matters in Abuja, during the unveiling of Order Paper, had said that President Buhari might not assent to Appropriation bills passed by the National Assembly unless the schedule of details of the budget was duly passed on the floor of both chambers of the National Assembly.


Reacting to the issue, the Deputy Chairman, House Committee on Media and Public Affairs, Mr. Jonathan Gaza, said the condition given by the Presidency was not necessary as the House was only interested in doing what would be of benefit to Nigerians. He said: “We intend to cooperate fully with the executive and discharge our legislative duties as we have been empowered by the constitution.

“That which needs to be done, we will make sure it is done appropriately, adequately and, of course, we always act within the law and the powers which the constitution has given us.

“We have always insisted that we do not know what padding is, only if you can show me ‘padding’ in the constitution.


"We are going to discharge our duties as mandated in the constitution and, of course, with strict adherence to the law.

After all, we have never flouted the law in discharging our constitutional duties.” He also noted that the 2016 budget had errors and inconsistencies when it came from the executive, adding, “and we had to work both ways to smoothen it out.”

Also speaking on the issue, Mr. Austine Chukwukere, Deputy Chairman, House Committee on Finance, said: “It is not the duty of the executive to decide how the parliament performs its constitutional functions as regards the appropriation. “There are processes to follow.

The executive has submitted the budget estimate; they should stay back and watch us do our work. We are not to be stampeded.”

Asked if the President decides not to assent to the Appropriation Bill, if it does not follow its line of thought, Chukwukere, who represents Ideato Federal Constituency of Imo state, said: “What happened to last year’s budget estimate was that the National Assembly did not want Nigerians to suffer and the country be on a standstill because it was the first budget, even though it came late with its problems.”

Also speaking, Dr. Chukwuemeka Ujam, representing Nkanu Federal Constituency of Enugu State said:

“The 2017 Appropriation estimate was sent to us on December 14, 2016 by Mr. President.

“There is a laid down procedure for passing an Appropriation Bill. I do not see why we should deviate from that. If the President lays the appropriation, we look at it, scrutinise it and do adjustment where it is necessary.”

On what happens if the President refuses to assent to it, he said: “The President cannot refuse to sign the Appropriation Bill. If there are areas he feels that should be accommodated, he will come back to us; we have the power of appropriation.”

Overzealous aides and eye-service chiefs

Chairman House Committee on Public Petitions, Uzoma Nkem-Abonta, said: “I do not think President Buhari is undemocratic. Budget process is a democratic process.

And I do not think Mr. President will want to put a clog in the wheel of democratic process. I think that may be an overzealous statement from his aides.

“Do you mean that in the face of obvious mistakes that we should return the budget like that? They described it as budget estimates, which means there is no finality in the document as presented.

“The document ought to go through legislative purity before it can become law. “Let me caution that the opposition, in doing its job, ought to take a critical analysis of the budget, distil it very well, identify areas not fit enough and increase areas of economic benefit.”

A move has been initiated by the House of Representatives, to reduce the power of the President in the case of judges.

Vanguard reports that the House has called for the involvement of National Judicial Council (NJC), in the procedure for the removal of head of courts to avoid victimisation by the executive.

This was contained in a Bill, entitled An act to pursuant to Section 9(1) and (2) of the Constitution of the Federal Republic of Nigeria 1999 (as amended) to alter Section 292 (1) (A) and (i) (ii) to include the National Judicial Council in the procedure for the removal of heads of courts established by the Constitution under Section 6 (5), promoted by Garba Datti Muhammad, APC, Kaduna.

Before now, the NJC can only recommend an erring judge to the President, but if the Bill is eventually passed, the body would be involved in the discipline or removal of any erring judge.

6 facts about the MMM new Bitcoin form of payment


MMM needs no introduction, the Ponzi scheme has gained so much traction in Nigeria, that many people would heavily criticize anyone who dared to speak against the scheme.

This was until December 2016, when the scheme froze money expected by members, freezing many dreams of a well spent festive period. The MMM organizers promised to unfreeze the monies on January 14, 2017.

Many are awaiting with bated for that date. However, while many wait, the scheme has added a new option of payment and it is in bitcoin.

What is bitcoin? How does it work? Below are some facts we would like to share with you:

1. When was bitcoin invented?

Bitcoin is a cryptocurrency and a payment system invented by a yet to be identified programmer, or group of programmers, under the name of Satoshi Nakamoto.

Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

2. What is bitcoin?

Bitcoin while it is called crytptocurrency can also be referred to as digital currency. Bitcoins can be exchanged for other currencies, products, and services. In layman's terms, bitcoins are money, a type of currency, which is slowly being accepted worldwide.

3. How can you get bitcoins?

Apart from buying and exchanging it for other currencies, you can also get bitcoins, by mining for them.

When bitcoins are created as a reward in a competition some users offer their computing power to verify and record bitcoin transactions into the blockchain. This activity is referred to as bitcoin mining and successful miners are rewarded with transaction fees and newly created bitcoins.

4. What is the worth of bitcoins currently?

Currently, a bitcoin is worth 285,367.95 Nigerian Naira, not a small amount by any means. The unit of account of the bitcoin system is bitcoin.

As of 2014, small amounts of bitcoin used as alternative units are millibitcoin (mBTC), microbitcoin (µBTC, sometimes referred to as a bit), and satoshi.

Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin. A millibitcoin equals to 0.001 bitcoin, one thousandth of bitcoin. One microbitcoin equals to 0.000001 bitcoin, one millionth of a bitcoin.

5. Where is it accepted?

In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000. So far, Amazon, JC Penney, Ebay, Target, CVS, WordPress.com, Subway, Victoria Secret, PayPal, Expedia, Home Depot, Kmart, Sears, the Apple App Store, Grooveshark, Dell and Zappos all accept it as a form of payment.

6. What are the dangers?

However, it is not a stable form of currency and is still not accepted in most countries. Also bitcoins are untraceable, so if you lose it you lost it for good.

According to expert, Ivan Razl, there is no mechanism to recover stolen or lost Bitcoins. If somebody hacks into your wallet where you store your Bitcoins you lost them for good. The best way to store your Bitcoins is on disk that is disconnected from the internet.

Also, it is not useful in many places, so you are more likely to buy or mine it now as an investment.

Monday, 9 January 2017

Cristiano Ronaldo named Fifa Footballer of the year

The 31 year old beat fellow finalist Lionel Messi of Barcelona and Antoine Griezmann of Atletico Madrid.



Ronaldo won the Champions League, Club World Cup and European Super Cup with Real Madrid and the European Championships with Portugal.

In 2016, Ronaldo won his fourth Ballon d'Or and his second UEFA Best Player in Europe award.

He scored 55 goals (42 for Real Madrid and 13 for Portugal), the last four in Japan where he picked up the Golden Boot in the Club World Cup.

Meanwhile USA's Carli Llyod was named the Women's footballer of the year.

"How God used a witch to save me" - PASTOR ADEBOYE

Pastor Enoch Adejare Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG) has disclosed how God used a witch to save his life when he was still a youngman.


Pastor E.A. Adeboye


Adeboye, in a thanksgiving and Prophetic Declaration Service at the church national headquarters, Throne of Grace Parish in Ebute-Meta, Lagos, narrated that God used the witch to stop him from eating kola nut which would have led to his death.

According to Daily Post, the former lecturer said: “I was telling my children that whenever we wanted to study at night while we were young, we used kola nut as our own coffee as we did not have money to buy coffee. We ate the kola nut to stay awake.


“One day, the number one self confessed witch in our compound, called me and said: “Dejare, why won’t you stop eating kola nut?

” The witch warned me to desist from what can lead to my death. I think God spoke through the witch and I can say God loves me.


“You are alive today not because you are clever, wise or know how to do it but simply because God loves you. There are lots of people who are in the prison who are free. I was at the Kirikiri Prison where I heard testimonies that brought tears to my eyes.

“Some of them said they were in prison but they are free men because they have Jesus; they were incarcerated but they are free. And there are people who are outside the prison who are prisoners.

“It is because God loves you that you are able to conquer all that the devil threw at you last year. Left for the enemy you, will not be here today but because God loves you, you are more than conqueror.”





MMM introduces Bitcoin as new payment ahead of January 14 relaunch




Ahead of its January 14, relaunch, popular MMM Nigeria has said it is introducing Bitcoin, the 2016 world’s best performing currency, as its means of payment.

The surging digital currency tipped to become a new safe haven asset as the world grapples with growing economic uncertainty, neared its all-time high on Thursday, January 5.

Although hopes among the participants of the ponzi scheme are still high in Nigeria, many have continued to turn to Bitcoin which had been there but had little patronage like it was with the ponzi scheme.

Nigerians want their Ponzi scheme

Before MMM froze the accounts of its members, participants were allowed to provide help in bitcoin, but they were paid back in Naira.

However, the new plan allows participants to receive payment in bitcoin, and watch their monies grow in bitcoin.

MMM in a statement on its Facebook page to participants on Sunday, January 8, said: “Due to the recent sharp price fluctuations of Bitcoin, MAVRO-BTC is being introduced in the system”.

So far, we have only had Mavro-Naira in the system. Even though you provided help via Bitcoin, your Bitcoins, anyway, were recalculated into the Nigerian Naira at the exchange rate at the moment of providing help, and you were credited with Mavro-Naira in your PO,” the statement read.

“It was the naira amount that grew. In other words you received 30% a month specifically in the naira (not in Bitcoins, although you originally provided help using Bitcoins).

“Now, you have a chance to have 30% growth of the Bitcoin amount, not the naira amount. So, acquire MAVRO-BTC which will be credited in your PO and will grow at a 30% monthly growth rate. In a month not only 30% will be added to your initial amount, but it can increase itself due to Bitcoin price growth.

“And what if Bitcoin price is going to fall? In case Bitcoin price might go down, you will be able to return to naira at any time — instantly convert your MAVRO-BTC into Mavro-Naira (and vice versa, if Bitcoin price might increase again). This option is available in PO. You can convert both confirmed and unconfirmed Mavro.

“We hope that with implementing MAVRO-BTC, your participation in MMM will become more comfortable!”

In a related development, MMM Nigeria has urged its users to start promoting the scheme ahead of January 14 comeback.

MMM encouraged participants to perform what it called “Promo Tasks: A New Tool for MMM Community Development.”




Friday, 6 January 2017

Joe Biden to Trump: 'Grow up. Time to be an adult'



 The vice president of the United states made the critical remarks during an interview with PBS on thursday. When asked to comment on Trump's frequent use of Twitter, and particularly a controversial tweet which he called Senate Minority Leader Chuck Schumer the "head clown" of the Democratic Party, but Biden didn't pull any punches.

"Grow up, Donald. Grow up. Time to be an adult. You're president," Biden said. "You gotta do something, show us what you have."

Biden then warned Trump about how his job will change after his inauguration on January 20.

Biden said "You are going propose legislation. We are going to get to debate it. Let the public debate it, let them vote in Congress, let's see what happens," "its going to be much clearer what he's for and against, and what we're for and against, now that its going to get down to actually discussing in details this issues that affects people's lives."

Joe Biden's political plans after he leaves office are unclear- he has alternately floated the idea of a presidential run in 2020 and tamped down expectations for a return to politics.

What are your thoughts folks?

FG to start paying N30,000 monthly stipends to N-power beneficiaries

 The Federal Government has started the payment of N30,000 monthly stipends for beneficiaries of N-power scheme, the job creation programme of the President Muhammadu Buhari administration.
States that are yet to conclude the physical verification process are being urged to do so as that would enable the N-Power beneficiaries in those states to draw from its benefits and empowerment offers.

The N-Power programme is designed to engage the massive numbers of unemployed Nigerian graduates from tertiary institutions across the country.

A total of 150,000 out the 200,000 selected in the first phase of the scheme would be deployed as support teachers to help address shortage of teachers in schools at the basic or secondary levels.

Another 30,000 graduates would work as extension workers in various communities which will expectedly aid the government's diversification agenda.

 Lets know your thoughts by leaving a comment