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Jonathan attends RCCG 2012 Holy Ghost congress Y ears after his first visit, President Goodluck Jonathan on Friday night worshiped with thousands at the 15th edition of the Holy Ghost Congress organized by the Redeemed Christian Church of God, at the Redemption Camp, along the Lagos Ibadan expressway. Speaking at the programme, Dr Jonathan once again assured Nigerians of tackling the challenges facing the country, explaining that his administration is doing the right thing to improve on the challenges that the country currently is facing. In his address to the congregation, the president admitted that the nation’s power sector and security are not impressive as they are, but he gave the assurance that his administration is putting the right structures in place to enhance an appropriate reform. The President also made it known that he is committed to changing things as he ensured that the country is safe for everyone.

Kenyan Big Brother contestant Prezzo has dismissed allegations that his Nigerian Sweetheart and former housemate Goldie is not talking to him. According to the news making rounds especially in Nigerian gossip websites is that Prezzo even called a press conference trying to reach out to Goldie to pick up his calls. "Those are false allegation by people cooking up stories and even quoting me just to get hits on their websites. Goldie and I are fine and we spent time together while I was in Nigeria. Although we will take things slowly,"Prezzo told Word Is. Prezzo described his visit to Nigeria as amazing saying that he had the best reception from his fans there. "I made some contacts and there good things in the works although it's too early to reveal,"said the recently appointed One campaign ambassador. As part of his status as the Ambassador, he will attend and perform at a Jay-Z concert later in August.

The president of the Nigerian Economic Society, Prof Akin Iwayemi, has said that until the Central Bank of Nigeria Act is amended, only a presidential directive can stop the apex bank from going ahead with the proposal to introduce N5,000 denomination into the economy next year. CBN indicated recently that it actually got the presidential directive, just as the Senate summoned the governor, Mallam Sanusi Lamido Sanusi for clarification on the issue. He observed that the law establishing CBN empowered it to undertake currency restructuring, in addition to issuance and management of the legal tender. On whether the Senate overstepped its bounds, Iwayemi said, "the National Assembly has prerogative to make statements on their mandate. So, I cannot comment on that, but the CBN Act gives it the mandate that covers even this currency re-denomination except the Presidency stops it." The economic expert also said that re-denomination of the currency in itself was not capable...

P resident Goodluck Jonathan, yesterday, ordered power minister Prof Barth Nnaji, to resign following an alleged involvement of two companies linked to him in the ongoing privatisation exercise in the power sector. L EADERSHIP gathered that the president might have been embarrassed by media reports that the National Council on Privatisation (NCP) had to cancel the technical bid evaluation process conducted for Afam Generation Company Limited and Enugu Distribution Company Limited because of the minister's perceived personal interest and suspicion of lack of integrity. T he president's decision to sacrifice Nnaji might not be unconnected with the fact that he considered the ministry too sensitive to the transformation agenda and could not tolerate any rumour of unethical behavior. A  statement by the special adviser to the president on media and publicity, Dr. Reuben Abati, noted that Nnaji tendered his resignation letter, which Jonathan accepted with thanks. T he s...

P lans by the Central Bank of Nigeria to restructure the country's currencies, especially the introduction of N5,000 note, will facilitate corruption, promote money laundering and increase financing of terrorist activities, say stakeholders in the financial sector. T he stakeholders, who spoke to Saturday Vanguard, yesterday, said the introduction of the N5,000 note would adversely affect the economy and have a ripple effect on the populace. "I  hope the new N5000 note is NOT another policy somersault? With steps already taken by CBN itself to address money laundering in the country such as Know-Your-Customers, re-validation of banks' customers and the on going cashless Lagos, one wonders if the proposed higher denomination of N5000 will not undermine that effort, coupled with our inability to discover and disrupt terrorism financing," said Mr. Tunde Salman, a financial analyst. H e advised the CBN to delay the introduction of the higher note, until the year 20...

Foremost comedian Julius Agwu was recently honored by the Tupac foundation  in Atlanta USA. T he comedian was presented with the autobiography of Tupac Shakur titled ‘Tupac Shakur Legacy’ autographed by Tupac’s mum, Afeni Shakur. J ulius Agwu with so much excitement said, ‘I feel very excited for this recognition. And most importantly, it is an inspiration for most of us who are in the business of entertainment because even for the fact the guy’s life was cut short at a very early stage, we know he has left a very indelible mark on the sand of time.’ Tupac Shakur Legacy features removable productions of handwritten, lyrics, notebook pages and other personal memorabilia plus Tupac Shakur Speaks, a 60minutes CD featuring interviews with Tupac .

T he Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala on Wednesday released an updated list of oil markets recommended for criminal investigation for fraudulently collecting fund set aside for the fuel subsidy scheme. I n a press statement issued by Paul Nwabuikwu, the Senior Special Assistant to Minister of Finance, Mrs Okonjo-Iweala said “the updated number is 25, four more than the list of 21 released earlier.” S he said that the number has been confirmed by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments. A ccording to the statement, some of the companies claimed payments for consignments brought in by ships which investigations revealed were either non-existent or were somewhere else in the world. P lease find below extract of the report detailing the cases against the Twenty-Five (25) OM&Ts. S/N OM/T INFRACTION DESCRIPTIONS  AMOUNT 1 ALMINNUR ...