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Shocking: Nigerians lost 18bn to MMM, NDIC revealed.

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The authority of the Nigerian Deposit Insurance Corporation (NDIC) has disclosed that no fewer than three million Nigerians had  lost N18 billion to the Phonzi scheme, popularly dubbed Mavrodi Mundial Movement (MMM).

The Corporation’s Managing Director , Alhaji Umaru Ibrahim made the disclosure on Thursday while speaking at the NDIC day at the ongoing 38th Kaduna International Trade Fair organized by the Kaduna Chambers of Commerce, Mines and Agriculture. (KADCCIMA).

Represented by the Deputy Director, Communication and public Affairs,  Alh Hadi Birchi Suleiman, the Managing Director rued that despite several warnings by the Central Bank of Nigeria (CBN)  and the Corporation,  Nigerians still patronised MMM.

The MD reiterated that the frequent   usage  of virtual currencies,  such as Bitcoin, Ripples, Monero, Litecoin, Dogecoin and Onecoin as currencies for medium of exchange are Internet-based transactions and are not authorised by the CBN due to the risks involved in their operations.

He, however cautioned that any person or groups of persons who invest their money in the Phonzi scheme does so at their own risk.

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Oyo govt. calls on DPR to sanction marketers hoarding petrol

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Oyo state government has asked the Department of Petroleum Resources (DPR) to start monitoring filling stations in the state and sanction marketers found hoarding the product.

The State Commissioner for Works and Transport, Prof. Daud Sangodoyin made the call on Monday while featuring on a private radio station in Ibadan.

Sangodoyin said the scarcity of fuel that started on Sunday was artificial as there was no reason for most of the marketers not to sell to the people.

Most filling stations in Ibadan, the Oyo state capital were not selling fuel to motorists while those selling experienced long queues which also contributed to traffic gridlock in some parts of the metropolis.

“As government, we are doing all we can to make life easy for the people of Oyo State and this is reflected in the number of infrastructural projects around the State, for some people to be creating artificial scarcity of fuel for pecuniary reasons is wrong and inhuman.

“The Department of Petroleum Resources should as a matter of urgency swing into action and arrest the situation, they have the work of monitoring cut out for them and this is the moment to bring those marketers sabotaging government’s effort by hoarding products to book,” the Commissioner submitted.

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Imo: Gov. Uzodinma makes case for FCC, sponsors 4-day retreat

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Governor of Imo State, Senator Hope Uzodinma has canvassed for the strengthening of the laws establishing the Federal Character Commission  (FCC) to enable it perform its functions effectively.

Governor Uzodinma registered his position at a banquet the Imo state government hosted in honoured of the Executive Chairman and Commissioners of the Federal Character Commission (FCC) who were in the State for a retreat last week at the Government House, Owerri.

According to the Governor, the philosophy behind the establishment of the Federal Character Commission (FCC) was well thought out development, adding that to a great extent the Commission has assisted in efforts made at the unification of the country.

He noted that at this very trying moment of the country, the Commission needed to bring its functions to play to douse the tention giving assurance to the citizenry of a sense of belonging.

Senator Uzodinma stressed that it was in recognition of the great role of the Commission that the Imo State government opted to sponsor the retreat.

He admonished members to work together in harmony to enable the Commission deliver on its mandate.

In her remarks, the Executive Chairman, Federal Character Commission (FCC), Dr Muheeba Dankaka thanked the Governor and Imo State government for accepting to host the retreat. She said the out come of the  retreat will go a long way in assisting the Commission in its assignment.

The FCC boss, however called on state governors to also come to the aid of the Commission, particularly by assisting the State offices to function effectively.

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Oyo: Kidnapped UI student regains freedom

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Victim of Monday’s kidnap attack at a  poultry farm in Oke Odan, Apete area of Ibadan, Oyo capital, Emmanuel Odetunde has been released.

It will be recalled that Odetunde was abducted around 5 pm on Monday while working at his father’s poultry. The abductors also demanded a ransom of N100m for his release.

Mega Icon Magazine, however learnt that the victim , a student of the University of Ibadan (UI) was released at 7:15pm Thursday .

 

In a tweet obtained by our reporter, via his Twitter handle @dr_emmay thanked friends, family and well wishers  for their prayers.

He also did not disclosed whether any ransom was paid or not.

“I was released at 7:15pm today. I am currently with my family.

“Thanks for the prayers. I appreciate @, Odetunde tweeted.

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