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Showing posts from January 22, 2023

Naira Redesign-Deadline in Order but......-Prof. Olagoke

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The Central Bank of Nigeria(CBN) has insisted that the January 31st deadline for the invalidation of the old naria notes remains unchanged. However, the Federal House of Representatives and the Senate want the apex bank to extend the deadline to 30th June, for the benefit of millions of Nigerians. Interestingly, a sizable number of Nigerians who have handled the new notes have expressed disappointment and dissatisfaction with the quality of the new notes compared to the old ones. In his reaction, the Founder, Spiritual Head and Grand Imam of Shafasudeen-in-Islam worldwide, Prof. Sabitu OlagokeJP, opines that the deadline for the withdrawal of the 200, 500 and 1,000 Naira notes is in order, but warns that this could result in negative consequences. Excerpts: What is your reaction to the insistence of the CBN that the January 31st deadline remains unchanged for the invalidation of the old naira notes? First and foremost, we should not lose sight of the purpose of the introduction of the...

Nigerian National Sentenced to Prison for Bank Fraud Scheme

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Scheme Involved Selling Stolen Personal Identifiable Information CLEVELAND – A Nigerian national was sentenced today to more than three years – or 37 months – in prison by U.S. District Judge James S. Gwin after he was convicted by a jury of formulating a conspiracy to obtain stolen financial information, making fraudulent and unauthorized purchases of retail goods and gift cards, and stealing funds from victim bank accounts in Northern Ohio and elsewhere. Blessing Adeleke, 31, of Nigeria, was convicted in October 2022 of one count of conspiracy to commit bank fraud and 16 counts of bank fraud. According to court documents, between January 2014 through October 2016, Adeleke served as an administrator for an online marketplace, Shad0w.info, where compromised data, such as credit numbers and personally identifiable information (PII), were sold. As part of the conspiracy, Adeleke and others obtained stolen credit card information and purchased items, such as retail goods and gift ...

Temptations

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Temptations to do evil are tests of our trust, faith and confidence in God Genesis 3 : 1-19 1 Now the serpent was more subtil than any beast of the field which the LORD God had made. And he said unto the woman, Yea, hath God said, Ye shall not eat of every tree of the garden? 2 And the woman said unto the serpent, We may eat of the fruit of the trees of the garden: 3 But of the fruit of the tree which is in the midst of the garden, God hath said, Ye shall not eat of it, neither shall ye touch it, lest ye die. 4 And the serpent said unto the woman, Ye shall not surely die: 5 For God doth know that in the day ye eat thereof, then your eyes shall be opened, and ye shall be as gods, knowing good and evil. 6 And when the woman saw that the tree was good for food, and that it was pleasant to the eyes, and a tree to be desired to make one wise, she took of the fruit thereof, and did eat, and gave also unto her husband with her; and he did eat. 7 And the eyes of them both were opened,...

The Elusive Naira notes

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Governments guided by accountability, responsibility and transparency have always been constant never to retain card-carrying party members who aspired to political positions but failed to emerge victorious in sensitive positions. Such party members, if allowed to continue in such public offices, would bring to bear their partisanship. Sadly, high standards have been eroded. Interestingly, the expectation of Nigerians is that the newly redesigned 200, 500 and 1,000 Naira notes will be made available for everyone through the banking system. Although the Central Bank of Nigeria(CBN) has insisted that the new naira notes are in abundant supply to the commercial banks, the experience of Nigerians in banking halls, ATM machine points and P.O.S shops has proved the contrary. Much as the commercial banks would wish to comply with the directive of the apex bank to make the new notes available, the old notes have been, up till this moment, still being dispensed. Indeed, if there is no hidden m...

Elections-We don't want a Sectional Leader-Prof. Olagoke

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Nigeria needs a detribalized leader who will be able to address its multiferous challenges. This assertion was made over the weekend by the Founder, Spiritual Head and Grand Imam of Shafaudeen-in-Islam worldwide, Prof. Sabitu Olagoke in his address titled, ''Governance and Leadership : 2023 Election and Effective Participation'', at the grand finale of the 40th Annual Shafaudeen International Convention, ''Ishrat 2023'', in Ibadan, Nigeria. ''Our challenges are solvable problems. We don't want a sectional leader. We don't want a tribal leader, but rather, we want a leader who will lead all Nigerians leaders who have not been able to solve the country's problems, and are not supposed to get to the exalted position. Nigeria deserves to have Godly, but non-religious bigot leaders for good governance for our unity and development. He must be able to see to the restructuring of the country and the amendment of the 1999 constitution for ...

Be Conscious of Time

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Timing is crucial to success in business. Identify a project, work on it and implement it at the appropriate time. Let your project revolve around the preferences of customers for you to achieve satisfactory results.