"A circular released by the Central Bank of Nigeria has listed prominent Nigerians and their companies as chronic debtors who have refused to pay up debts they owe to banks. The circular which listed 113 companies and 419 directors/shareholders directed banks not to extend further credit facilities to the defaulters. Prominent among the blacklisted names and companies are Femi Otedola, Alhaji Sayyu Dantata, Sir Johnson Arumemi-Ikhide, former Power Minister, Prof. Bart Nnaji, Mrs Elizabeth Ebi and Dr. Wale Babalakin. The debtors have refused to pay back their loans despite the purchase of the debts at an agreed price by the Asset Management Corporation of Nigeria (AMCON)." -Dr Austin Ejaife Blog
“Deposit Money Banks are prohibited from approving or disbursing any new credit facilities to all persons and organisations on this list with effect of the date of this circular, until full liquidation of agreed indebtedness to Asset Management Corporation of Nigeria (AMCON),” according to the circular signed by Central Bank Of Nigeria (CBN)’s Director, Banking Supervision, Mrs. A. O. Martins.
The CBN circular titled 'Prohibition of New Credit Facilities To Debtors of the Asset Management Corporation of Nigeria (AMCON), also stated that “In the initial instance, this restrictions shall apply to individuals, organisations, companies as well as principal shareholders and directors of companies where the outstanding value of loans purchased by AMCON amounted to N5 billion or above as at the day of purchase, without regard to the actual amount paid by AMCON.”
The breakdown of the bad debts:
The $1.2 billion(N192 billion) is owed by Otedola’s Zenon Petroleum & Gas Ltd
MRS Holdings Limited, owned by Dantata (N119.98bn);
Seawolf Limited (N98.32bn);
Arik Air Limited, owned by Arumemi-Ikhide (N85.481bn);
NITEL Plc/M-Tel (N71.547bn);
Capital Oil and Gas Limited, owned by Ifeanyi Ubah (N48.014 billion).
Falcon Securities (N162.9bn);
Rockson Engineering Limited, also owned by Arumemi-Ikhide (N60.475bn);
BGL Securities (N6.44bn); Rahamaniyya Oil & Gas Limited (N46.38bn);
Bi-Courtney Limited (N20.214bn);
Geometrics Engineering, owned by Bart Nnaji (N19.76bn);
Aero Contractors Company, belonging to the family of Olorogun Michael Ibru (N32.579bn);
Tinapa Business Resort (N18.509bn).
Nestoil Limited, owned by Ernest Azudialu (N13.506bn);
Dorman Long Engineering (N9.667bn); Ascott Offshore Nig. Ltd, owned by ex-banker,
Henry Imasekha and the Berkley Group (N64.728bn);
Gitto Constuzioni owned by the late Italian road builder(N11.838bn);
Dansa Foods (N14.880bn) whose directorsaer Sani and Abdul Dangote, brothers of billionaire business magnate, Alhaji Aliko Dangote.
Commercial banks were also prohibited from granting further credit to Cross River State and Zamfara State owing to the refusal of the Tinapa Business Resort and the accountant general of the Zanfara State Ministry of Finance to pay back their respective loans.
Sources: PM News, ejaife.wordpress.com
•Federal Capital Territory Minister, Bala Muhammed (CON), being decorated by Jonathan.
President Jonathan and Inspector-General of Police, Mr. Mohammed Abubakar.
Jonathan and Mr. Patrick Dele-Cole.
•The President and Benue State Governor Gabriel Suswan (CON).
Jonathan with Justice Mary Odili (CFR).
•Jonathan decorating Gen. Mobolaji Johnson (retd), CFR.
Photo credits: Punch, Reuters
"The American ambassador to Libya and three other Americans were killed when a mob of protesters and gunmen overwhelmed the U.S. Consulate in Benghazi, setting fire to it in outrage over a film that ridicules Islam's Prophet Muhammad. Libya's new president apologized Wednesday for the attack, which underlined the lawlessness plaguing a region trying to recover from months of upheaval. Ambassador Chris Stevens, 52, died as he and a group of embassy employees went to the consulate to try to evacuate staff as a crowd of hundreds attacked the consulate Tuesday evening, many of them firing machine-guns and rocket-propelled grenades. By the end of the assault, much of the building was burned out and trashed. Stevens was the first U.S. ambassador to be killed in the line of duty since 1979." - AP
U.S. State Department shows U.S. Ambassador to Libya J. Christopher Stevens in an official portrait. Libyan officials say the U.S. ambassador and three other Americans have been killed in an attack on the U.S. consulate in the eastern city of Benghazi by protesters angry over a film that ridiculed Islam's Prophet Muhammad. (AP Photo/U.S. State Department) (AP Photo/ Anonymous)
A vehicle and the surrounding area are engulfed in flames after it was set on fire inside the US consulate compound in Benghazi, late on September 11, 2012. (STR/AFP/GettyImages)
An armed man waves his rifle as buildings and cars are engulfed in flames after being set on fire inside the US consulate compound in Benghazi, late on September 11, 2012. (STR/AFP/GettyImages)
A vehicle and surrounding buildings smolder after they were set on fire inside the US consulate compound in Benghazi, late on September 11, 2012. (STR/AFP/GettyImages)
"Labor unrest spread in South Africa on Monday with a wildcat strike by 15,000 workers stopping operations at a gold mine while few workers reported for duty in the fourth week of a stoppage at the world's third largest platinum mine. Gold Fields International said its strike started Sunday night and that senior managers were at the scene Monday trying to find out what is wanted by miners at the west section of its KDC mine. The east section of the mine was operating normally. At a second platinum mine, Implats, 15,000-plus workers are demanding a 10 percent pay rise although they are continuing to work, spokesman Johan Theron said. Lonmin PLC platinum mine said just 6 percent of its 28,000 workers turned up Monday morning at its mine in Marikana, west of Johannesburg. Mine drivers drove around looking for workers to pick up, but the buses returned to the mine empty. Strikers have threatened to kill any miners or managers who do not respect their demand for all work to stop until Lonmin agrees to a monthly take-home pay of 12,500 rand ($1,560), about double their current wages." - AP
"The 42nd President of the United States Bill Clinton and the 44th President of the United States Barack Obama acknowledge tha audience at the Time Warner Cable Arena in Charlotte, North Carolina, on September 5, 2012 on the second day of the Democratic National Convention (DNC). The DNC is expected to nominate US President Barack Obama to run for a second term as president on September 6th, 2012. " - Huffington Post (Photos credit STAN HONDA/AFP/GettyImages)
AP Photo/J. Scott Applewhite
credit: Jason J. Lee for POLITICO
"With public excitement about White House beer fermenting such a buzz, we decided we better hop right to it. Inspired by home brewers from across the country, last year President Obama bought a home brewing kit for the kitchen. After the few first drafts we landed on some great recipes that came from a local brew shop. We received some tips from a couple of home brewers who work in the White House who helped us amend it and make it our own. To be honest, we were surprised that the beer turned out so well since none of us had brewed beer before. As far as we know the White House Honey Brown Ale is the first alcohol brewed or distilled on the White House grounds. George Washington brewed beer and distilled whiskey at Mount Vernon and Thomas Jefferson made wine but there's no evidence that any beer has been brewed in the White House. (Although we do know there was some drinking during prohibition…) Since our first batch of White House Honey Brown Ale, we've added the Honey Porter and have gone even further to add a Honey Blonde this past summer. Like many home brewers who add secret ingredients to make their beer unique, all of our brews have honey that we tapped from the first ever bee-hive on the South Lawn. The honey gives the beer a rich aroma and a nice finish but it doesn't sweeten it."
- WHITE HOUSE
Source: White House
President Goodluck Jonathan official visit to Anambra State Thursday 30/8/2012. President Goodluck Jonmathan, Gov Peter Obi Opf Anambra State, Mrs. Bianca Ojukwu And Minister Of Works, Chief Mike Onolememen at the unveiling Of Dim Odimegwu Ojukwu statue in Onitsha. Photos–State House
PRESIDENT GOODLUCK JONATHAN (L), WITH THE FORMER COMMONWEALTH SECRETARY-GENERAL, AND CHAIRMAN, ORIENT PETROLEUM RESOURCES PLC, CHIEF EMEKA ANYAOKU, AT THE INAUGURATION OF ORIENT PETROLEUM RESOURCES PLC PRODUCTION SITE AT AGULERI-OTU IN ANAMBRA ON THURSDAY (30/8/12).
PRESIDENT GOODLUCK JONATHAN (3RD R) INAUGURATING ONITSHA INLAND WATERWAYS PORT IN ONITSHA ON THURSDAY (30/8/12).
PRESIDENT GOODLUCK JONATHAN (L) INAUGURATING SAB-MILLER BREWERY AT ATANI, NEAR ONITSHA, ANAMBRA, ON THURSDAY (30/8/12). WITH HIM ARE GOV. PETER OBI OF ANAMBRA (M) AND MANAGING DIRECTOR, SAB-MILLER AFRICA, MR MARK BOWMAN. NAN
OBI of Onitsha
United states congresswoman Sheila Jackson Lee, 62 and a true friend of Nigerians living in Houston, Texas has "disclosed Friday that she was diagnosed with breast cancer last year and has recovered fully after extensive treatment," according to Politico News website.
US Rep. Sheila Jackson honoured Gov. Godswill Akpabio and Wife in Houston
Entire statement :
"Today, I announce that I am a survivor of a disease that has affected millions of women around the world- breast cancer. I was diagnosed last year. Like so many women, I experienced surgery, chemotherapy, radiation and other effects including loss of hair. Now, I am cancer free. I recently finished my last course of treatment. What a great feeling! Over the last year, I received exceptional care from the MD Anderson Cancer Center. I would like to thank the medical professionals, including St. Luke’s Hospital, for the care and privacy they have given me. Houston is fortunate to have such treasures of healing in our midst.
I look forward to having many more years to enjoy my family, friends and to serve our community and nation. I now intend to be an even more vigorous advocate and supporter for cancer research and improved care. Earlier this year, I introduced legislation to support research for triple-negative breast cancer. I would like to take this opportunity to urge all women to learn about this disease and participate in preventative measures so that you can detect it early and increase your odds of survival. We can and will beat this disease. I join the many women, men, organizations and the healthcare community who are working to support all of those who continue to fight to survive cancer every day.
Thank you for your concern and your support. This is just one more battle that I had to win and my strength is renewed. I especially want to thank my family for all of their support. I know my purpose -- it is to use this challenge as an inspiration for the work that God calls me to do."
Rep. Sheila Jackson Lee (D-Texas)
President Barack Obama, First Lady Michelle Obama, and their daughters, Malia, left, and Sasha, right, sit for a family portrait in the Oval Office, Dec. 11, 2011. (Official White House Photo by Pete Souza)
President Barack Obama and Vice President Joe Biden, along with members of the national security team, receive an update on the mission against Osama bin Laden in the Situation Room of the White House, May 1, 2011. (Official White House photo)
Nigeria's President Jonathan signed a Performance Contract Agreement with his cabinet yesterday at Abuja. He made it know that his intention is to improve and measure performance and not to witch-hunt anybody. Affterwards he spoke on the contract agreement and role of media.
Words of President Jonathan:
"I read all kinds of things in the media that the President wants to assess the ministers, so that he would know who should go and who would stay. That is not the purpose of this.
We would have done it probably the first week when we came on board but the key thing is that we have given ourselves points that we think we will get at. We believe that if we get at those points or even if we achieve 70 per cent of that, at least it will be better off for our own country. I am quite pleased that all the Ministers have completed the forms.
I want to assure every one of you who has taken part in the exercise that this is not meant to witch-hunt anybody.
It is to remind all of us, from President to Directors General, to Advisers and other aides, that we are representatives of the Nigerian people, and we are accountable to them at all times.
I had stated clearly during the inauguration of the Federal Executive Council that Ministers are expected to be accountable, productive, transparent and focused.
“Before, the media used to be the voice of the ordinary people but now, the media is the voice of those who own the media houses and those who own the media houses have private jets and those who own private jets are not ordinary people."
On the Media and Government Ministries:
“So the media is now the voice of the powerful people. So, we have to have a way of assessing ourselves.”
‘The Minister must know everything happening in the ministry, just like the Permanent Secretary, will know everything happening in the ministry.
‘If Minister A does not now what Minister B is doing and Minister B does not know what Minister Ais doing, but the PermanentSecretary knows everything that all of you are doing, the Permanent Secretary becomes a boss of the two ministers and the Permanent Secretary can use your heads to hit yourselves and just laugh at you.
‘I expect that if the main minister travels and I need information, I should call the Minister of State and that Minister of State must give the information about that ministry.
“If the Minister of State cannot give the information about that ministry, then something is fundamentally wrong either from two of them or from one of them.
“If the minister of state travels in a ministry where we have clear responsibilities, I called the main minister, to give me information, I expect the minister to give me information on that ministry."