Dex's Blog - Page 65 of 68 - #latest Entertainment News and Neighbourhood Gist & Gossip

Repeal of NLNG Act will hamper foreign investments– Lai Mohammed


Minister of Information and Culture, Alhaji Lai Mohammed, has said that a repeal of the Enabling Act of Nigeria Liquefied Natural Gas Ltd (NLNG) will curtail foreign investment into the country. He stated this on Monday in Abuja when the management of NLNG led by its Managing Director, Mr Tony Attah, visited him. Lai Mohammed The minister was reacting to an issue raised by the management of the company that there was a proposal before the House of Representatives seeking the repeal of NLNG Act. “It is very sad for me to hear that attempt is being made to stop the operations of the NLNG. “It will mean that we are not only killing the goose that lay the golden eggs, but we will be sending a negative signal to the investing world. “One thing investors like most is predictability. When we keep changing the goal posts, we are not going to attract investors. “We should not think that what we are doing will affect only the NLNG, because big investors are in the same pool and they are so interconnected. “If you take a decision that will affect anyone of them, it will have multiplier effect on others,’’ he said. Mohammed said that the National Assembly was a patriotic organ and that he was sure that it would not take any step that would affect the flow of foreign investment into the country. “I am sure we have a very patriotic National Assembly and I have full confidence that they will not do anything knowingly that will lead to capital flight or mass disinvestment in Nigeria’’. He advised the management of NLNG to approach the leadership of the national assembly and the Federal Executive Council as well as embark on serious advocacy on the issue. The minister commended the company for its uniqueness in contributing to the economy and for being a shining example of success in Public-Private-Partnership. He hailed the company’s approach to development of its host communities, investment in education sector, and in particular, sponsorship of a prize in Literature. He solicited the partnership of the company in the execution of the “Change Begins with Me’’ campaign of the Federal Government. According to Mohammed, the campaign to be launched by President Muhammadu Buhari is a national advocacy against indiscipline and a push towards a revival of eroding cultural ideals and values. Earlier, Attah said that the legislature had taken steps to repeal the NLNG Act which was the foundation of the company as an entity. “I can say without contradiction that they have taken steps to repeal the Act which enables investments into the company and takes more than 30 years to come into fruition. “There are guarantees and assurances which are given within the Act which are expected to be sacrosanct. “We see the attempt by the legislature to repeal this Act as something that will be very detrimental to the company and more importantly, to the country. “First and foremost, we think we will, as a country, be faced with litigations which is a risk and which will put our reputation negatively in the investment world. “We also see potential capital flight worth billions of dollar and a loss of more than 18,000 jobs both in the upstream and other side of the business,’’ he said. Attah urged the minister to use his office to wade into the matter to forestall all the disadvantages it would pose to the nation. (NAN)

read more

Read More »

Jibola shows off her twin boys

Jibola, daughter of Oyo State Governor Abiola Ajimobi, and her husband Ayokunle Ajayi welcomed a set of twin boys named Demilade and Demilayo. The couple tied the knot in Beirut, Lebanon following a grand traditional wedding in Ibadan.  Her sister Abisola shared the photo on Instagram and wrote:

“My Joy is full!!! These ones are truly a testament of God’s faithfulness. Their love for God, unconditional love for each other and firm belief in Gods word inspires me daily.

Only God knows who serves him and because of that your life will be a manifestation of his goodness, grace and mercy.  Indeed, Their lives exemplify Gods grace to the fullest because they serve him wholeheartedly. I am so proud to be second mummy to Demilade and Demilayo. I’m even more obsessed with Ayo now because he got it like that. I love you both too much and you know it. “

read more

Read More »

See what happened to a house guard who killed his employer in Ajah

2 (7)3 (5)

The Lagos State Police Command has arrested one Tanko Abdulateef, a 22-year old House guard who allegedly killed his employer, Mrs Mabel Mba Okafor in Ajah area of the State on August 17, 2016. The suspect, who was arrested from his hiding in Bali, Taraba State, was said to have stabbed the victim in the stomach and left her stomach ripped open.

It was also gathered that the suspect took away valuable items from the victim including three phones, trinket and a lot of clothes, all of which were recovered from him.

read more

Read More »

US Congressman writes to US Secretary of state, John Kerry, accuses Buhari of autocratic tendencies, selective Anti-Graft war

00 (3)0 (2)

A member of the United States Congress, Tom Marino, has written a letter to Secretary of State, John Kerry, asking the US government to withhold security assistance to Nigeria until President Buhari demonstrates a “commitment to inclusive government and the most basic tenets of democracy: freedom to assemble and freedom of speech”.

According to Thisday, Marino in his two-page letter, accused President Buhari of autocratic tendencies and selective anti-graft war. Marino asked the State Department to stop selling warplanes and other military equipment to Nigeria until President Buhari establishes a track record of working towards inclusion of other opposition members.
His letter to Kerry reads:
“Dear Secretary Kerry, I am encouraged by the personal interest you have taken in aiding Nigeria and its administration as it takes on endemic corruption, multiple insurgent movements, and a faltering economy. However, I believe there are a number of warning signs emerging in the Buhari administration that signal “the man who once led Nigeria as a military dictator might be sliding towards former autocratic tendencies. I would urge the U.S. to withhold its security assistance to the nation until President Buhari demonstrates a commitment to inclusive government and the most basic tenets of democracy: freedom to assemble and freedom of speech. A logical start towards this commitment is for the Nigerian government to hold accountable those members of the Nigerian Police Force and the Nigerian Military complicit in extra-judicial killings and war crimes. Human rights groups like Amnesty International have widely documented torture, inhumane treatment, and extra-judicial killings of defenseless Nigerians since President Buhari took office.”
Quoting Amnesty International Report, he wrote, “in the last six months, Nigeria’s military has unlawfully killed at least 350 people and allowed more than 168 people, including babies and children, to die in military detention. The Secretary to the Government of Kaduna State even admitted to burying 347 of those killed in a mass grave. And while President Buhari promised swift condemnation, his words rang empty. Instead of swift reforms, Buhari chose to reinstate Major General Ahmadu Mohammed, who Amnesty International revealed was in charge of the Nigerian military unit that executed more than 640 unarmed, former detainees. Also, in separate incidents concerning the Indigenous People of Biafra (IPOB), the Nigerian Army has killed at least 36 – the real number is likely higher – people since December 2015 in an attempt to silence opposition and quell attempts by the group to gather publicly.”

read more

Read More »

Ibidun Ighodalo opens up on her search for a child: “People who get married and have children don’t know how lucky they are”


Former beauty queen Mrs Ibidunni Ajayi-Ighodalo opened up about her search for a child in a rare interview with Thisday’s Nseobong Okon-Ekong.
The wife of Trinity House founder and accountant, Pastor Itua Ighodalo also talked about dedicating her life to helping others through her Ibidunni Ighodalo Foundation, IIF by funding IVF treatment for couples who are hoping to have their own children.

Read More »

Ex BBA Star Vimbai loses elder sister in car crash

l (1)

Belinda Mutinhiri (pictured left), is Former BBA star and TV gal, Vimbai, elder sister,whose sudden demise occured yesterday in a car crash along the Borrowdale Road in Harare, the Zimbabwean capital after drinking cocktails at News Cafe Fife Ave.

Confirming her death, Vimbai shared a family picture with Belinda in it and wrote

 “The 3 Musketeers. God knows best. The darkest day of my life. I don’t know if I can ever accept.”

m (2)

Read More »

Apple Set to Remove Headphone Jack in the Next Version of iPhone

Sacking Jack May Anger iPhone Headphone Fans

Steve Wozniak, Apple co founder recently said removing the headphone jack in the next version of the iPhone is going to “tick off a lot of people.” It’s been rumored for months that Apple would be scrapping the 3.5 mm headphone jack in the iPhone 7 it’s expected to unveil next week.

Wozniak said in an interview,said such act could upset users who have invested in listening technology that uses the headphone jack.

Ditching the headphone jack could be the prelude to another rumored new product: Bluetooth earbuds based on a very-low-powered radio chip developed exclusively by Apple.

read more

Read More »

PDP hits the Ruling Party : APC’s lack of vision, incompetence and poor handling of Economy caused recession, not Dr. Jonathan


Take time to glance at this press statement below…

Our attention has once again been drawn to the recent inconsiderate statement attributed to the Governor of Jigawa State, Abubakar Badaru and similar comments from people of like minds to the effect that the previous Peoples Democratic Party (PDP) Administration was responsible for the current Economic Recession.
It is really disappointing that a notable personality as highly placed as a State Governor could be drawn into making idle and pedestrian claims without the benefit of facts. It is either he does not realize the obligation of speaking responsibly in that position or he is grossly ill-informed; in which case, we could only try to put the facts before him, and hoping he would recognize them.

read more

Read More »