GIST: iCover Launches The First Ever Nigerian Mobile Magazine (Second Edition) | @splensizy

Hey guys, how long has it being since you read a good magazine with nice colored graphics and well doctored write ups to sooth, enlighten your mind.

Wait, hold that thought.

When was the last time you read a magazine ON YOUR PHONE, like its right there on your phone with you, every time of the day, any where you go ??

Never I guess.

Well there is good news, because iCover Magazine is here.

This is the number 1 official Soft Copy Magazine in Nigeria like now. With its second editon.

Since it’s release it has gotten as much as 2056 downloads and still counting.

People love it, trust me you will love it.

Its our job to blow you away with exclusive interviews and cover stories of your favorite celebrities.
All you need do, is hit the downlaod button below and be blown away.

CLICK THIS LINK

Read iCover Magazine before anything else

Follow iCover Magazine on Instagram @icovermagazine

Read More »

Senators, others face legal tussle over Magu

A Lagos businessman, Mr. Raji Rasheed Oyewumi, has filed a suit at the Federal High Court Abuja seeking the nullification of the screening of the Acting Chairman of the Economic and Financial Crimes Commission,  Mr. Ibrahim Magu by the Senate.

He also asked the court to declare that the President of the Senate, Dr. Bukola Saraki and 10 Senators, being investigated by EFCC, ought not to have participated in the screening of Magu.

He said due to conflict of interest, the court should disqualify Saraki and the 10’Senators from further participating in the screening of Magu.

He said the court  should declare the screening of Magu on the 15th day of December 2016 without first referring him to the appropriate committee of the Senate as illegal, null, void and of no effect whatsoever.

The defendants in the matter are Saraki, Senators Godswill Akpabio, Jonah Jang, Aliyu Wammako, Stella Oduah, Theodore Orji, Rabiu Kwankwaso, Ahmed Sani. Danjuma Goje, Joshua Dariye and Adamu Abdullahi.

Others are the Clerk to the National Assembly, the Senate, the Attorney-General of the Federation and the Acting EFCC chairman.

The plaintiff, through his counsel, Mr. Inibehe Effiong,  sought the following reliefs: “An order to set aside the screening the screening, votes, proceeding and resolutions of the Senate of the Federal Republic of Nigeria (the 13th Defendant/ Respondent) of Wednesday, 15th March, 2017 as they relate to the nomination or appointment of Mr. Ibrahim Mustapha Magu (the 15th Defendant/Respondent) for the position of Chairman of the Economic and Financial Crimes Commission (EFCC).

“A declaration that the 1st Defendant is disqualified by the Constitution of the Federal Republic of Nigeria 1999 (as amended) and the Senate Standing Orders, 2015 (as amended) from presiding over or participating in the deliberation, screening and voting on the nomination of the 15th Defendant for the position of Chairman of the Economic and Financial Crimes Commission due to the apparent conflict of interest arising the 15th Defendant’s active role in his ongoing trial at the Code of Conduct Tribunal.

“ A declaration that the 2nd to the 11th Defendants are jointly and severally disqualified by the Constitution of the Federal Republic of Nigeria 1999 (as amended) and the Senate Standing Orders, 2015 (as amended) from participating in the deliberation, screening and voting on the nomination of the 15th Defendant for the position of Chairman of the Economic and Financial Crimes Commission due to the apparent conflict of interest arising from their pending or ongoing cases of financial and economic crimes given that the 15th Defendant is coordinating and supervising the investigation into or prosecution for the said financial and economic crimes.

“A  declaration that the 1st to the 13th Defendants jointly and severally violated the Senate Standing Orders, 2015 (as amended) when they participated in the screening, deliberation and voting on the first or earlier nomination of the 15th Defendant in the 13th Defendant on the 15th day of December 2016 by not declaring their pecuniary interests in view of their pending or ongoing cases of financial and economic crimes given that the 15th Defendant is coordinating and supervising the investigation into or prosecution for the said financial and economic crimes involving the 2nd to 11th Defendants.

“A declaration that the first and earlier rejection of the nomination of the 15th Defendant for the position of Chairman of the Economic and Financial Crimes Commission by the 1st to the 13th Defendants on the 15th day of December 2016 without first referring the 15th Defendant to the appropriate committee of the 13th Defendant and at an executive or closed session instead of an open session is illegal, null, void and of no effect whatsoever.

“A declaration that the 15th Defendant is entitled to be accorded fair hearing by the 1st to the 13th Defendants during screening, deliberation and voting in the Senate of the Federal Republic of Nigeria on his nomination for the position of Chairman of the Economic and Financial Crimes Commission.

“An order of injunction restraining the 1st Defendant from presiding over or participating in the screening, deliberation and voting on the nomination of the 15th Defendant for the position of Chairman of the Economic and Financial Crimes Commission.

“An order of injunction restraining the 2nd to the 11th Defendants from participating in the screening, deliberation and voting on the nomination of the 15th Defendant for the position of Chairman of the Economic and Financial Crimes Commission.”

Read More »

IK, Linda Ikeji, others make MIPAD honourees list

In line with the United Nations’ International Decade for People of African Descent, the Most Influential People of African Descent (MIPAD), on Sunday, March 25, unveiled its global list of honorees tagged; “MIPAD 100 under 40” in Lagos.
Held at Eko Hotel and Suites, the aim, according to the management of MIPAD, a civil society initiative, is to celebrate high achievers of African descent.
General Manager of MIPAD, Grace Singh said that the project is in support of the United Nations resolution 68/237 which declared the years 2015 to 2024 as the International Decade for People of African Descent.
“What MIPAD does is that it identifies and ranks high achievers of African descent in Africa and in the Diaspora, people that have made outstanding achievements. We look for people that are outstanding in the society be it in politics in government or in the private sector. What we are trying to do is to create a global network of people that have done great things. They can come together exchange ideas and think of how to move the continent forward. We will be doing it twice a year. We have a lot of people of African descent who do not know what is going on in the continent,” she said.
Delivering a keynote address, the Senior Special Assistant to the President on Foreign Affairs and Diaspora Abike Dabiri, said that the MIPAD initiative is important in order to tell the stories of Africa by Africans themselves.
Dabiri noted that Africans in the Diaspora can help change the narratives about Africa and called on skilled professionals to play major roles in developing the continent.
Also speaking, Folusho Philips, chairman, Philips Consulting, commended MIPAD for the initiative.
Among the honouress were TV personality, IK Osakioduwa, super blogger, Linda Ikeji, Co-founder of Red Media, Debola Williams, Mark Okoye, commissioner for Economic Planning & Budget Development, Anambra State, Nigeria, Wael Ghonim, political activist, Egypt, Boglo Kenewendo, economist/consultant/member of parliament, Botswana, Aurthur Kalala Katalayi, advisor/ambassador/businessman from Democratic Republic of Congo, and a host of others.

Read More »

CBN warns bank CEOs over forex

•CBN Governor Godwin Emefiele

Bank chiefs caught frustrating efforts by the Central Bank of Nigeria (CBN) at getting more dollars to end-users risk severe punishment, the apex bank warned yesterday.

The warning came on the backdrop of reports that lenders are setting difficult hurdles for foreign exchange (forex) end-users wanting to make purchases for Business Travel Allowances, Personal Travel Allowances, tuition payment abroad and medical bills.

More than $2 billion has been injected by the CBN into the retail end of the forex market to meet demands by genuine users. The regulator deployed examiners and ‘mystery’ shoppers to the banks to monitor compliance with the intervention funds’ disbursement guidelines and possible abuse by the lenders.

CBN spokesman, Isaac Okorafor confirmed that the regulator had received complaints from customers over frustrations which they were meant to go through in getting foreign exchange for invisible items.

He therefore warned commercial banks and other dealers to desist from sabotaging the efforts aimed at making life easier for foreign exchange end-users.

He urged the general public to report to it any bank that fails to meet customers’ needs after due documentation and reiterated the regulator’s determination to deal with any official or institution found to be sabotaging the operations of foreign exchange market in whatever guise.

Yesterday’s warning came after a similar threat was made to banks mid-February, in which the CBN also threatened the bank officials with heavy sanctions.

The statement reads: “Any bank that fails to comply with the rules of this and other extant forex guidelines shall be sanctioned, which will affect the executive and other officers of the bank,” CBN Director, Financial Markets Department, Alvan Ikoku said in circular to all banks.

The apex bank explained that the forward sale by banks to their customers shall be for mature or past due obligations and should not exceed 60 days.

It said the special intervention will be via a “wholesale bid” whereby commercial lenders will apply for a particular dollar amount as opposed to submitting individual customer demand. The lenders will then allocate the dollar to their customers, the CBN said in a mail to commercial banks, asking them to maintain the bid spread of 50 Kobo.

“Successful banks shall send their returns to Financial Markets Department, 24 hours after the release of the intervention results. After release of the results, banks shall sell forwards to match the forward purchases from the CBN,” it said.

Read More »