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Tuesday, 17 November 2015
Thursday, 12 November 2015
Supreme Court halts Saraki’s trial
The Supreme Court has ordered the suspension of the trial of the Senate president, Bukola Saraki, at the Code of Conduct Tribunal.
Mr. Saraki is facing a 13-count corruption charge at the tribunal. He denies the allegation of false asset declaration and graft.
Two High Courts and a Court of Appeal had earlier rejected his request to quash the charges.
Before doing doing so, the court of appeal halted the case briefly to allow it take a decision.
On Thursday, the Supreme Court also said the corruption case against Mr. Saraki “should tarry a while” pending the conclusion of an appeal he brought before it.
The Supreme Court assured it would consider the matter speedily.
SOURCE: Premiumtimesng
Celebrating Diwali
Diwali, the festival of lights, celebrated by Hindus,
Sikhs and Jains in India and around the world, is dedicated to the triumph of
goodness over evil and knowledge over ignorance. It honours the goddess of
wealth, Lakshmi, and the legend of Rama and Sita. Festivities include
decorating houses and public spaces with thousands of lights, candles and
colourful designs. Fireworks, family gathering and gift giving also form part
of the celebrations. We take a look at the best pictures of Diwali around the
world.
Significance of Diwali
Every day of Diwali represents the conquest of good over
evil. The word Diwali is made of two words; deep (lamp or diyas) andavali
(row), which means a line or a row of lamps.
During the festival of Diwali lamps are lit in every home and workplace.
That is why this festival is also known as the ‘Festival of Lights’.
So how to celebrate Diwali in a spiritually correct way?
Giving gifts to friends and families is a new trend,
which is unnecessary. However if we still wish to gift then we can choose gifts
like items used for ritualistic worship, books on Spirituality, etc. When we
indulge in such practices there are expectations from each other.
Rather than ordering commercially, if possible we can try
to make sweets, snacks or food at home, using pure ghee and fresh products.
Thus we can ensure purity in the food we consume.
If we wish to have a get-together we can organise a pūjā
rather than a party.
On the three days of Diwali starting Narak Chaturdashi we
can wake up at dawn and have a bath with oil massage (abhyangasnā). Such a bath
increases our Sattva component by 0.00001% compared to regular bath on other
days. By applying ubtan the sensitivity of the body to absorb Chaitanya (Divine
Consciousness) increases.
Music like bhajans or shlokas can be played rather than
playing noisy music which spreads Raja-Tama vibrations and pollutes the
atmosphere.
Flowers like marigold can be used to make a garland along
with mango leaves and hung at the main door.
Rangolī with sattvik designs can be drawn outside the
door. Drawing rangoli designs like lotus, swāstik, conch, etc help to attract
positive vibrations.
If we wish to celebrate Diwali as a community we can
organise a rangoli competition, bhajan singing, etc. rather than games like
lotto, food stalls, jewellery stalls, etc.
We can devote time to prayers and chanting during the
days of Diwali as it will help us to absorb the Divine Consciousness(Chaitanya)
present in the atmosphere.
The lady of the house should do aukshan (waving of lit
lamps) for the other members of the family.
Nowadays many people light wax candles as they are easier
to handle. However do you know that wax does not emit positive vibrations ? At
twilight we can light oil lamps made of clay rather than acrylic or glass to
illuminate our homes. We can avoid artificial lighting like relay of electric
bulbs or lanterns in the shape of a Star or Chinese lanterns
We can discourage children from lighting fire-crackers as
they are a waste of money and the smoke that is emitted pollutes the atmosphere
and can be hazardous to health.
Conclusion
SOURCE:Telegraph.co.uk
Understanading The Treasury Single Account(TSA) System- Things You Should Know
Earlier in February, the Central Bank of Nigeria issued a circular directing all deposit money banks to implement the Remita e-Collection Platform. The Remita e-Collection is a technology platform deployed by the Federal Government to support the collection and remittance of all government revenue to a Consolidated Account domiciled with the CBN. This marked the beginning of the full implementation of Treasury Single Account (TSA) system in Nigeria.
Though Section 80 (1) of the 1999 Constitution as amended states “All revenues, or other moneys raised or received by the Federation (not being revenues or other moneys payable under this Constitution or any Act of the National Assembly into any other public fund of the Federation established for a specific purpose) shall be paid into and form one Consolidated Revenue Fund of the Federation”; successive governments have continued to operate multiple accounts for the collection and spending of government revenue in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account.
It was not until 2012 that government ran a pilot scheme for a single account using 217 ministries, department and agencies as a test case. The pilot scheme saved the country about N500 billion in frivolous spending. The success of the pilot scheme motivated the government to fully implement TSA, leading to the directives to banks to implement the technology platform that will help accommodate all MDA’s in the TSA scheme. The recent directives by President Mohammed Buhari that all government revenues should be remitted to a Treasury Single Account is in consonance with this programme and in compliance with the provisions of the 1999 constitution.
But what is a Treasury Single Account?
In a nutshell, a Treasury Single Account is a public accounting system under which all government revenue, receipts and income and collected into one single account, usually maintained by the country’s Central Bank and all payments done through this account as well. The purpose is primarily to ensure accountability of government revenue, enhance transparency and avoid misapplication of public funds. The maintenance of a Treasury Single Account will help to ensure proper cash management by eliminating idle funds usually left with different commercial banks and in a way enhance reconciliation of revenue collection and payment.
How Is TSA Run?
With particular reference to Nigeria, the Central Bank has opened a Consolidated Revenue Account to receive all government revenue and effect payments through this account. This is the Treasury Single Account. All Ministries, Departments and Agencies are expected to remit their revenue collections to this account through the individual commercial banks who act as collection agents. This means that the money deposit banks will continue to maintain revenue collection accounts for MDA’s but all monies collected by these banks will have to be remitted to the Consolidated Revenue Accounts with the CBN at the end of each banking day. In other words, MDA’s accounts with money deposit banks must be zerorized at the end every banking day by a complete remittance to the TSA of all revenues collected. The implication is that banks will no longer have access to the float provided by the accounts they maintained for the MDA’s. Difference types of account could be maintained under a TSA arrangement and these may include the TSA main account, subsidiary or sub-accounts, transaction accounts and zero balance account. Other types of accounts that could operated include imprest accounts, transit accounts and correspondence accounts. These accounts are maintained for transaction purposes for funds flowing in and out of the TSA.
Benefits of TSA
From the foregoing, it is obvious that the primary benefit of a TSA is the mechanism it provides for proper monitoring of government receipts and expenditure. In the Nigerian case, it will help to block most if not all the leakages that have been the bane of the growth of the economy. We have a situation where some MDA’s manage their finances like independent empire and remit limited revenue to government treasuries. Under a properly run TSA, this is not possible as agencies of government are meant to spend in line with duly approved budget provisions. The maintenance of a single account for government will enable the Ministry of Finance monitor fund flow as no agency of government is allowed to maintain any operational bank account outside the oversight of the ministry of finance.
Finally, the implementation of this programme therefore is a critical step towards curbing corruption in public finance. This is in line with the with the commitment of the current administration to combat corrupt practices, eliminate indiscipline in public finance and ensure adequate fund flow that will be channeled to critical sectors of the economy to catalyze development. Nigerians are excited at the directive by the President Buhari as this will mean that some government agencies that have been known to be withholding funds from the Federal Government are now under compulsion to remit monies to federal treasuries. These agencies include: Nigeria Customs Service (NCS), Nigerian National Petroleum Corporation (NNPC), Nigerian Ports Authority (NPA), Federal Inland Revenue Service (FIRS), Nigeria Immigration Service (NIMS), Nigerian Maritime Administration and Safety Agency (NIMASA), Federal Airport Authority of Nigeria (FAAN) amongst others.
SOURCE: systemspecs.com.ng
Woman cuts off husband’s friend’s penis in his attempt to rape her
An Akwa-Ibom State indigene, identified as Mrs Okon Iniabasi, has reportedly cut off a man’s penis when he attempted to rape her.
The incident happened in the Ikono Local Government Area of the state.
The man, Linus Ibok, Punch reports, is her husband’s best friend.
Reports say Ibok had on Saturday, accompanied his friend, Iniabasi’s husband, a petty trader to board a vehicle to Aba, Abia State to purchase items for his shop in the village.
Afterwards, Ibok trailed Iniabasi to her farm where his manhood was cut off as he tried to have canal knowledge of her.
As the story goes, Iniabasi was said to have disclosed that she was not surprised when she saw Ibok in her farmland, as she thought he wanted to help her since he was almost like a member of their family but the shock came when Ibok confessed his undying love for her.
She reportedly rebuked him and asked him to leave the farm or she would report him to her husband. It was at that point Ibok grabbed her and attempted to rape her. Meanwhile, she allegedly let him undress and on noticing that, she used her machete to cut off his manhood.
After that, she ran to the village to inform others, who rushed to the farm to meet Ibok in the pool of his own blood with his manhood cut off.
After that, she ran to the village to inform others, who rushed to the farm to meet Ibok in the pool of his own blood with his manhood cut off.
He was rushed to an unnamed hospital where he is reportedly receiving treatment.
SOURCE: Dailypostng
SOURCE: Dailypostng
Boko Haram insurgency has claimed 90,000 officers so far – IG of Police Boko Haram insurgency has claimed 90,000 officers so far – IG of Police
Arase made this known to journalists shortly after addressing men and officers at the police command headquarters in Sokoto, the Sokoto State capital.
Revealing that the police had a record of about 90,000 widows who lost their husbands since the insurgency began in the North-east, he stressed that the Nigeria Police Force had initiated a scheme to cater for the family of officers who lost their lives while on duty in the North-east.
The IGP disclosed that a scholarship scheme had been set up to take care of the children of slain officers.
“We have incorporated a scholarship scheme for the children of our officers who lost their lives in the North-east. This is to ensure that they continue with their studies so as to enable them achieve their potential,” he stated.
Arase noted that the total number of men and officers in the police force were currently inadequate to effectively protect the lives and property of the citizens.
In view of this, he posited that efforts were being made to recruit more personnel to further enhance the activities of the police in crime prevention and boosting security.
He stated that the police in conjunction with the United Nations Habitat were making arrangements to build 25,000 houses for officers, inspectors and rank and file across Nigeria.
The police boss said this was part of efforts to provide housing for men and officers of the police so that they would have a place to live after retirement.
While reiterating his commitment to the welfare of men and officers, Arase charged them to rededicate themselves to their duties by shunning corruption.
“It is true that our numeric strength is not sufficient but we are going to bring in more people. What I am emphasising is that every Nigerian should be security conscious, and that is the most important thing,” he said.
Arase further declared that President Muhammadu Buhari was determined to address the problems of the Nigeria Police Force.
SOURCE: dailypostng
Wednesday, 11 November 2015
Between Fashola and Amaechi Ministerial Cabinet
CONGRATULATIONS to all newly inaugurated
ministers!!!
We look forward to
seeing that GREAT CHANGE we voted for.
People keep saying former governor Babatunde Fashola stole the show with
his appointment as the new minister of power, works and housing while former governor Amaechi
Rotimi Chibuike is minister of transport.
Some of you may not know that Amaechi as Minister of
transportation, has just been handed arguably the highest responsibility in the
new government, as he going to supervise, re order and super intend over 10
Parastatals and agencies which employ over 30% of the entire Nigerian civil
servants.
Just take a look at the highlight of the huge task and
responsibility that await Hon. Minister Of Transportation, Rotimi Chibuike
Amaechi as he takes over the ministry.
Water Ways
1. Nigerian Port Authority (NPA)
2. Nigerian Maritime Administration and Safety Agency,
NIMASA
3 . National Clearing and Forwarding Agency (NCFA)
4. Nigeria Shippers Council (NSC)
5. Nigerian Inland Waterways Authority (NIWA)
6. Nigerian Railway Corporation (NRC)
7 Nigerian Institute of Transport Technology (NITT)
Aviation:
1. Federal Airport Authority Of Nigerian (FAAN)
2. Nigeria Civil Aviation Authority (NCAA)
3. Nigeria Air Space Management Agency(NASMA)
4. Accident Investigation Bureau (AIB)
5. Nigerian College Of Aviation And Technology (NCAT)
6. Nigeria Meteorological Agency (NMA)
Land Transportation
1. Nigeria Railway Corporation
2. All Federal Roads in Nigeria
So, I think we should also give accolade to Amaechi
because, I think he has more work to do than Fashola.
In all the aforementioned agencies in this ministry, if
Amaechi fails, it means the economy will be affected…
I believe you know what it means to have these agencies
fail…the economy will fail.
Once again congrats to all the ministers!!!
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