Starting a Forex Trading Business Online and Make Money

Do you want to learn how to start a Forex trading business online as a beginner? If YES, here is an in-depth guide on how to make money online with forex trading for beginners .

Though very risky especially for the less experienced, trading foreign exchange on the currency market ( also called Forex trading ) can be an interesting activity as well as great source of investment income. Currencies worth $5 trillion dollars are traded in the forex market per day. So, you can make a lot of money from the forex trading business without investing too much.
If you are been looking to start a profitable business that you can run from the comfort of your home, then you should consider forex trading. One of the good sides of the business is that there are no formal requirements required to start trading forex.
Forex trading simply involves trading in currency. You buy a certain currency when its price drops and you quickly sell it once the price goes up. So, your aim is to make as much profit as possible from the fluctuations in the prices of currencies. Though the principle by which money is made is the same in forex trading, stock trading and commodities trading; both trading methods differ in the following major aspects:
Stock trading involves buying and selling stocks, while forex trading involves buying and selling currency.
The stock market is active for only certain hours of the day, but forex trading is done 24/7.
Insiders and market makers can manipulate the stock market, but the forex market cannot be manipulated.
Forex allows margin trading, which gives you the chance to buy thousands of dollars worth of a particular currency when all you have is less than $100. This is impossible in stock trading ( point of correction, margin stock trading option is now being offered by some brokerage houses / banks ).
With a little money, patience, a PC, and a reliable internet connection, you can become a forex trader. The ease of starting the business notwithstanding, you will need to know some things and follow certain steps, as forex trading is a very risky business. Here are the steps you should follow to become a forex trader.
Starting a Forex Trading Business Online and Make Money – for Beginner

1. Get the basic necessary knowledge
Forex trading is a little bit technical and it is quite difficult to learn on your own; though self learned video tutorials and courses are now available online. However I recommend you learn under the apprenticeship if an established forex trading expert. You should also attend seminars and read courses to further sharpen your skills.
It is also important you read books on business and economics as it will help broaden your insight; especially when trading forex with fundamental analysis. Some basic forex terminologies you need to know include the following:
Base currency : The type of currency you’re spending or getting rid of. In other words, this is the currency you trade to purchase another type of currency.
Quote currency : The currency that you’re purchasing with the base currency.
Exchange rate : This tells you how much of the base currency you have to spend in order to purchase the quote currency ( or vice versa ).
Long position : You take a long position when you want to buy the base currency and sell the quote currency.
Short position : You take a short position when you want to buy the quote currency and sell the base currency.
Bid price : This is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid price is the best price at which you’re willing to sell your currency on the market.
Ask price: This is also called the offer price. It is the price at which your broker will sell base currency in exchange for quote currency.
Spread : This is the difference between the bid price and the ask price.
However, you must bear in mind that there are much more terminologies to learn than the few explained here. So, you will need to contact a forex trading expert, read books, or browse the internet for more information on the various terminologies used in forex trading. Examples of highly recommended books on forex trading include “ Trade What You See” ( by Larry Pesavento and Leslie Jouflas) and “ The Secrets of Economic Indicators ” ( by Bernard Baumohl).
2. Get trading capital
You don’t need huge capital to start forex trading. This is because you can trade on margin, which means you can take buying decisions worth thousands of dollars with just $50 or even less. On the average, a forex broker needs about $300 to open an account and start trading.
It is highly recommended that you open your trading account with at least $1000. This will help you trade with a bit of a buffer in case of losses. But if you cannot afford this amount for a start, you can start with at least $300.
3. Choose a forex broker
A forex broker is the online platform through which you will access the forex market and do your trading. It is very important that you read the terms and conditions of any broker before you settle with them. This is because some brokers will offer certain options that will be helpful to some traders while being a disadvantage to other traders.
So, you should compare many brokers with respect to their terms and conditions, trading options, and user reviews, and choose the one that you think is most suitable for you. You may want to seek advice from a forex trading expert before choosing your broker.
4. Open a demo account
Once you have chosen a broker, it is time to open a demo account. This is a virtual account offered by the broker for a certain trial period ( for example, 30 days ), which gives you a feel of the broker’s trading platform and a chance to trade on the platform using play money.
Using a demo account helps you become familiar with the broker’s trading platform and tools. It will also prepare you for trading in the real market. So, don’t trade real money without having tested the broker’s trading platform with a demo account for at least 90days.
5. Practice well
Most online forex brokerage companies will allow you to create a free practice or demo account. This is a simulation of the real forex market that allows you to train with virtual money before you start trading with real money.
Forex trading is not the type that you will learn on the go. You have to train extensively to know when to make the right buying and selling decisions. As a recommendation, you should spend several weeks training with a free account until you can make profits consistently and have reduced your rates of losing to the barest minimum. To find free forex demo account, you can search the web.
Since the demo account is just like what you will have in the real market, you should take your time to do enough practice. Try to implement the various expert trading tips and tricks you have learned to see which works best. And try to develop your own trading style and ideas.
Master how to read charts and other indicators, and master which decision to take at what time. It can also be helpful to seek additional guidance from online resources as well as forex trading experts, as this will help you in the early days when forex trading could be very daunting.
6. Go Live
Set up a live forex trading account with a reputable forex broker after you have trained enough and built confidence with a demo account. Better yet, simply convert your demo account to a live account by depositing money as per the site’s instructions.
Most brokers offer mini and micro accounts, which means you can start trading forex with as little as $500. This amount will be leveraged into multiplied profits. Keep a note of the strategies that are fetching you huge profits as well as those that are not working for you. The secret to increased profits is to keep repeating what works ( until it works no more ) and to ditch what brings poor results.
Entering into the real forex market is usually a nervous and exciting experience. Granted, the demo account can prepare you for the technical aspects of forex trading, but when real money is involved, your emotions will come into play.
You will need to maintain self-discipline and do your best to stick with the same methods that worked for you while you were practicing with the demo account. Ignoring your emotions may be very difficult, but it’s possible. If you lose money after your first trade, do not give up. Rather, try to figure out what went wrong, fix it, and try again.
In conclusion, you must understand that forex trading is a constant learning experience. Trading mistakes can incur losses; huge ones at times. Even veteran forex traders lose money on occasions. But you will become a successful forex trader only if you learn from your mistakes and strive to avoid them in the future.

Driving instructor rapes, strangles corps member to death in Ogun

The Suspect 

The Ogun state police command has arrested 29-year-old driving instructor, Festus Udo, pictured above, for raping and strangling a female youth corps member, 23 year old Modupe Taiyese, at Abule Ayo in Mawuko, Odeda local government area of the state.

Modupe Taiyese

Parading the suspect before newsmen at the scene of the incident yesterday, the state commissioner of Police, Ahmed Ilyasu, said the suspect was a driving instructor with Lizzy Driving School, Abeokuta, where the victim registered to learn driving.
Udo had lured Modupe into the bushes with the promise of getting her a driving permit while teaching her how to drive.
Trouble started when Modupe did not return to the lodge where herself and other corps members reside. A case of a missing p[erson was filed by the coordinator of the NYSC in the state, John Okon.
'We went for a powerful, technical screening of fact left behind by the last person she made contact with, who is the suspect. Technically the information led to one person by name Festus Udoh, an indigene of Oromi from Edo state, who was teaching this innocent deceased corper, Taiyese Modupe, how to drive. We were able to uncover this nefarious act and he led us to this place and confessed. The man tactically and deceitfully convinced her on Saturday evening that her driving permit is ready. She decided to answer to his call and he cleverly and deceitfully apprehended this lady and brought her down to this forest where he had a forceful, illegal and unlawful carnal knowledge of her and thereafter strangled her to death. The passport photographs of the suspect were found at the scene of the incident which is a remarkable scene of crime evidence,” he said.
Speaking to newsmen, the suspect said
“After I took her to this place, I told her that I wanted to have sex with her, she said no, but I dragged her into the bush and had sex with her. After having sex with her, she said she will tell her family, that was when I tore her cloth and used it to strangle her neck, as she was gasping, I now ran away,” he said
He will be charged to court soon.

Corps members’ to receive pending allowances soon, says NYSC

The National Youth Service Corps (NYSC) has assured corps members who are yet to receive their personal allowances that the federal government has released funds for their payment.

President Buhari receives Daura National Youth Service Corp (NYSC) Members in his Daura Katsina Home on 13th Sep 2016

This was made known on Friday through a statement by the scheme’s Director of Public Relations, Mrs. Abosede Aderibigbe.
According to her, the delay in settling outstanding Corps members’ personal allowances was as a result of technical problems with the payment platform.
While assuring the Corps members that service providers are working round the clock to restore connectivity so as to allow seamless crediting of their accounts, Mrs. Aderibigbe said they should expect full payment in a couple of days.
The statement reads: “The Management of the National Youth Service Corps regrets the delay being experienced in the payment of personal allowance to Corps members.
“Management wishes to inform Corps members and the rest of the public that funds have since been released by the Federal Government, but the delay is as a result of technical problems with the payment platform.
“We wish to further inform that the service providers are working round the clock to restore connectivity so as to allow seamless crediting of Corps members’ accounts. We are confident that this will be achieved in a couple of days.
“Management appreciates the patience shown by Corps members in the face of this unforeseen challenge, and appeals for more understanding as we are working assiduously with the relevant agencies to address the problem.
“Payment of Corps members’ allowance is a top priority for the Federal Government and the NYSC Scheme, and wish to restate our commitment to the welfare of the youth on national service at all times.”

My son, Jide died of cardiac arrest – Bola Tinubu

The All Progressives Congress (APC), National leader Asiwaju Ahmeed Bola Tinubu has said that his son’s death was as a result of cardiac arrest.
Jide Tinubu died on had Wednesday in London.

Jide TINUBU

Tinubu in a statement by his media aide, Tunde Rahman, . said his son’s death is a reminder that “none of us knows when our last day shall be”.
“My son was a highly intelligent person with a vibrant personality and a zest for life. He followed his own course and made his own way on his own terms,” he said.
“Those who knew him could not help but like him. Yet, he was taken away by cardiac arrest when it seemed he had so much life to still live.
“This is a reminder that we must live each day to its best as none of us knows when our last day shall be.
“Mortality comes upon us all. We have no choice in that but we do have a choice whether we shall be good or bad, just or unjust. Let us all strive toward the best in ourselves.
“As a father, I must spend time putting my arms around the family he has left behind,
“Jide lived for so long in London and there he has left behind a darling wife and three precious boys. My wife Remi and I have gone to London to be with them at this painful time to support and help them.
“Please excuse our absence from Lagos for a while but it is essential that we are with them. Prayers are being offered and will continue to be offered for the repose of his soul. I have suffered a grave loss that no parent would like to bear.”
“We must seek a lesson in every loss. Your reaction to my son’s passing has taught me that we can be a people of profound love and humanity when we want to be,” he said.
“People of every tribe, region, faith and every political affiliation have expressed their sympathy and extended to me the embrace of a brother or sister.
“Even those who don’t agree with me politically have shown strong support and care indistinguishable from that of my associates. This says so much about the innate goodness in all of us. For no matter what, we are not foes or enemies. We are all of one human stock, a single nation, one family.”

Senate passes NAN, NBC, NTA, FRCN Appropriation Bill

ABUJA – THE Senate Thursday passed the 2017 budget of the News Agency of Nigeria ( NAN) worth N132,550, 000.01.
This followed the presentation of the report of the 2017 Internally Generated Revenue (IGR) Budget and Expenditure of government-owned information agencies during plenary.

The agencies included National Broadcasting Commission (NBC), News Agency of Nigeria (NAN), Federal Radio Corporation of Nigeria (FRCN), and the Nigerian Television Authority (NTA).
Presenting the report, Chairman Senate Committee on Information and National Orientation, Sen. Suleiman Adokwe said that NAN’s projection was N132, 550, 000.00 while projected expenditure was N132, 550, 000.01.
According to him, the agency’s IGR performance for 2016 was 97.54 per cent, adding, “The agency did not remit 25 per cent Consolidated Revenue Fund (CRF) in the year 2016 due to inadequate overhead releases.
“The amount meant to be remitted was used for the running of the organisation.”
He further said that the actual IGR budget for 2016 was N129, 298, 342.89 while the expenditure was N129, 298, 342.72..
The chairman said that the committee observed that NAN should widen its revenue base through introduction of new products.
Also the Senate passed that of NTA which was worth N4,094,179,773.00, NBC, N2,090,009,787.62 while that of FRCN was N2,014,345,624.96.
While considering the report, Sen. Jibrin Barau, APC, Kano North decried why some the agencies were not able to make the appropriate remittances to the Consolidated Revenue Fund (CRF), adding, If these agencies are able to make those remittances, there would be more monies to fund budgets.”
Also speaking, Senator Mao Ohuabunwa, PDP, Abia North said that the agencies were income generating agencies and as such it was epected that they assisted in remitting to the CRF, adding, “We must ensure we enforce these agencies to pay at least the 20 per cent remittance, even if they cannot, at the end of the year we should see at least a remittance of 10 per cent into the CRF.”
Similarly, Senator Suleiman Hunkuyi, APC, Kaduna North noted that “these things keep recurring by these agencies. It shows that we truly have a responsibility within the chamber to sit up and look at these expenditure profiles as it will align with the revenue profiles of these agencies. If we sit down and these budgets as approved, and they apply them differently as they wish, what is the use then.
“This is a clear manifestation that these agencies run accounts that do not pass the litmus test and approval of the financial regulations as enshrined.
“We must rise to the responsibility particularly on IGR budgets so that at the of the end day, we will be able to make enough savings.”
Responding to questions raised, the chairman said that the IGR performances of the agencies “was far below expectation. If you look at NTA, there are a lot of government agencies that are owing NTA; but they can better than that.”
Adokwe said that as government corporations having fundamental duties, they must ensure they did not go off air, adding, “NTA has the capacity to generate over N10 million per annum, unfortunately, they are weakened by debts.”
For NAN, the chairman said the committee had looked into it not remitting any amount at all, adding, “That is both looked into by the Accountant-General of the Federation and the committee.
“I plead that we cannot because of that refuse to approve the budget because they have to function. They are the major agency of government that disseminate news both locally and internationally.
“We believe that these agencies have the capacity to generate these projections. What remains is for us to have a serious oversight function to ensure that there are no leakages and that what is collected is what is taken into the treasury.”
In his remarks, Deputy Senate President, Senator Ike Ekweremadu said ”this Senate does not rubber stamp any request from any agencies of government or from government itself. We look at things from merit. We call on those government agencies, especially NTA and Radio Nigeria to make effort to recover monies owed them.”

After 104 days on medical vacation…Finally, Buhari returns

After 104 days on medical vacation in the United Kingdom, UK, President Muhammadu Buhari, at exactly 4:48 yesterday afternoon, stepped down from the plane that brought him back, at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja.

President Muhammadu Buhari on arrival received by Acting President Yemi Osinbajo at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja. AUG 19 2017.

The plane, Nigeria Air Force 001, touched ground some 13 minutes earlier.
The door of the presidential jet, with the coat of arms and the presidential seal inscribed boldly on it, was flung open at exactly 4:40.
Meanwhile, Vice President Yemi Osinbajo and the National Assembly leadership have sent goodwill messages to the President as he recovers.
The goodwill of the National Assembly was contained in separate messages from the Office of the Senate President, Senator Bukola Saraki, and the Speaker of the House of Representatives, Yakubu Dogara.

By the same token, the President’s party, the All Progressives Congress, APC; the Nigeria Governors’ Forum, NGF, as well as leaders of Our Mumu Don Do Movement, which has been agitating for the President to resume or resign, also expressed delight at the President’s return.
Asiwaju Bola Tinubu said Buhari’s return is a fulfilment of hope.

How Justice Bola Ajibola foretold my ascension to the throne – Oba Adeyemi, Alaafin of Oyo

The Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III, is in the news again as his comment on Crescent University Abeokuta, Ogun State, CUAB, is revisited when he described the now 12-year-old institution of higher learning, founded by retired World Court judge, Justice Bola Ajibola, as a creative and innovative centre impacting sound and qualitative education into the youths.

•Proprietor, Crescent University, Judge Bola Ajibola, the Alaafiin of Oyo, Oba Lamidi Olayiwola Adeyemi III, and the Vice Chancellor, Crescent University, Abeokuta, Ogun State, Prof. Ibrahim Gbajabiamila, during the installation of the Alaafin as Chancellor of Crescent University

The traditional ruler, who sits on one of Yoruba’s most powerful thrones, during the 11th convocation ceremony of Crescent University, became the first Nigerian traditional ruler to be Chancellor of three universities concurrently with his installation as Chancellor of CUAB at the occasion also attended by a former Head of State, General Abdulsalami Abubakar.
Alaafin, apart from Crescent University, is also Chancellor of University of Maiduguri, Maiduguri and the Bells University of Technology, Ota.
In his acceptance letter, Adeyemi said he had for the past 10 years been following with keen interest the contributions of Crescent University to the development of education in the country, especially at the tertiary level.
The Iku Baba Yeye said, “I made bold to say that the summary of my observation in the last decade is that Crescent University is not only creative but also innovative as a centre of learning that impacts sound and qualitative education into our youths.”
The monarch, who is also a recipient of honourary degree of Doctor of Science Public Administration of CUAB, expressed his profound gratitude to the proprietor, Ajibola, and the management of the university for the honour bestowed on him.
He added that looking objectively at the background of the university vis-à-vis the character of the proprietor, “one cannot expect anything less than such a creative and imaginative person; an international jurist par excellence who had carved a niche for himself as a pride of the black race by distinguishing himself excellently as the President of the International Court of Justice.”
The Alaafin further explained that he met with the proprietor of the Crescent University over 50 years ago when he came to his office and informed him that the late Chief Akin Olugbade wanted to see him.
While extolling the virtues of Ajibola as a brilliant lawyer, Adeyemi said the Olori Omo Oba Owu pronounced him before Olugbade as the next Alaafin of Oyo.
Meanwhile, the monarch assured the Crescent University board, the governing council, the management, staff and students that he would put his 12 years’ experience as pioneer Chancellor of Uthman Dan Fodio University, Sokoto to play in the university, whose 12th convocation comes in October this year and the Alaafin will be on ground to perform his official duty as Chancellor.

PELLER UNITY CUP FINAL HOLDS ON THURSDAY, 17TH OF AUGUST, 2017.

Congratulations on the success of the Biggest Football Tournament and Entertainment event ever in Oyo state. The Final Journey towards the Grand Finale of the Peller Unity Cup, 2017 has begun!

10 LGAs, 20 teams, breathtaking derby final match (Iseyin United vs. Iseyin City) at the Biggest Indigenous Football tournament in the whole Oyo state- and now The Entertainment Stars are on a train to blow your mind away with energetic and mind blowing performances at the NYSC permanent Orientation Camp, Iseyin, Oyo state on the 17th of August, 2017.

Do not be told! Join us on the #roadtoiseyin and together we shall play! This is to inform all local government representatives that all the players, coaches that participated in the peller unity cup are to come very early for the collection of certificates, team presentations to the dignitaries and talent scouts on Thursday 17th August 2017 @ NYSC Orientation Camp Iseyin.. 10 a.m. 

NB: Representatives will also be presented with certificates. Players and coaches are to be dressed in their sports kits.

Thanks for usual cooperation.

Peller Unity Cup... A jo maa gba nii

7-yr-old girl tied up in sack, dumped on roadside by father, step-mother

A seven-year-old girl has narrated to men of Ogun State Police Command how her father, Nasiru Adeyemo, and step-mother, Idayat, cut off her finger, tied her up, put her in a sack and left her by the roadside to die. Abibat and her father after she was rescued Vanguard gathered that the couple abandoned the girl in the bush to die after cutting off her index finger. In a statement, the Police Public Relations Officer in Ogun State, Abimbola Oyeyemi, said the couple was arrested following a distress call from members of the public that a strange sack was sighted by the roadside at Asabala area along Papalanto-Sagamu Road. Oyeyemi said: “On the strength of the information, the DPO Owode Egba, CSP Shehu Alao, led his men to the scene, where the white rice sack was untied. “Surprisingly, a seven year-old-girl, whose right index finger was cut off, was found inside the sack and dumped at the roadside since Friday. “Having realised that the girl was still alive, she was quickly taken to the hospital for medical attention. Her story “It was when she regained consciousness that she informed the Police that her father and step-mother were the ones who cut off one of her fingers before tying and putting her inside the sack before dumping her inside the bush to die. “Upon the information from the victim, a manhunt was launched for the father and his wife and they were arrested in the evening of Sunday. The duo are currently undergoing interrogation.” Meanwhile, the state’s Commissioner of Police, Ahmed Iliyasu, has ordered the transfer of the case to Anti-Kidnapping/Cultist section for further investigation and possible prosecution of the suspects.

Implement 2014 National Confab report now, Youth Parliament tells Buhari

Nigeria Youth Parliament yesterday told President Muhammadu Buhari to implement the report of the 2014 National Confab, saying it contained home-grown solutions to economic and political challenges bedeviling the country. The Parliament sought the intervention of the government in the labor sector, submitting that the unemployment rate in the country has hit the rooftops. 

Hate speeches 

It also frowned on the pockets of hate speeches making the rounds, urging the National Assembly to enact a legislation to curb it and called on President Buhari to restructure the country in line with the yearnings of the people.

Executive members of the Nigerian Youth Parliament during a press briefing in Abuja 

Addressing a press conference in Abuja, speaker of the Parliament,  Ayodele Obe John, said  dialogue with the people would end agitations across the country. He said: “The Parliament has witnessed with utmost dismay, the unguarded and frivolous proclamations by some disjointed, disgruntled, unpatriotic people seeking cheap popularity through utterances which threatens the sovereign unity and integrity of the country. ‘’The Parliament, as an authentic voice of the Nigerian Youth Constituency hereby sounds a note of warning to all these groups. Consequently, we call on the National Assembly to promulgate a legislation that will address the activities of these groups and set in place the right punishment. “This is because freedom of speech does not imply utterances capable of truncating national peace, unity and cohesion.  However, Nigeria is one united entity and our strength lies in our diversity and on Nigeria’s unity, we stand. 

Unemployment

 “According to the Bureau of Statistics, Our unemployment rate has risen to 14.2 percent, thereby leaving millions of Nigerians, especially youth jobless. This ugly situation seems to have been receiving little policy attention presently. ‘’Therefore, Parliament resolves that the Federal Government should declare a state of emergency on the economic sector, meet every policy statement targeting the recovery of our economy with the right strategic actions, build youth capacity and create jobs in order to avert the impending socio-economic hurricane that may hit the country if no commensurate measures are in place in the right time. 

Restructuring

 ”All around the world, Nations and societies adjust to the realities of every moments and seasons, so as to be able to fix every evolving social challenge. It is worthy of note that Nigerian case should not be different. Apparently, Parliament resolves as follows; “That the outcome of the National Confab be fully implemented, as it reflects the true opinions, consent and goodwill of every Nigerians, having in it, the true home-grown ideations, ideologies and innovative solutions to fix the country and strengthen our unity. “That there should be complete economic and political restructuring of the country; giving the federating constituents the capacity to realize their unique socio-economic and political potentials and grow their prosperity.” “That Federal Government should open sincere dialogue with different genuine groups clamoring for the restructuring of the country and aggregate their opinions for the benefit of stepping up a holistic solution to address the surging agitations.”

NPFL week 34 fixtures

There were five attempts to stop PDP convention – Makarfi

Ahmed Makarfi, the Chairman of National Caretaker Committee, Peoples Democratic Party (PDP) said there were five failed attempts to stop the Saturday non-elective national convention of the party.

Ahmed Makarfi

Makarfi disclosed this at the opening ceremony of the 75th PDP National Executive Committee (NEC) meeting of the party held at the party national Secretariat on Friday in Abuja.
He said that the purpose of the meeting was to enable the NEC members to review all the happening across the country.
“At least there were four or five attempts to this convention through the court but as God will have it we overcame all those attempts.
” So the convention will hold tomorrow.
“Some people never give up. We must not think that we are out of the woods. People will continue with legal minds in our paths.
“We are going to overcome that with our resilience and to do the needful,” Makarfi said.
The Governor of Ekiti and PDP Governors’ Forum, Mr Ayodele Fayose, also speaking at the meeting, pledged the forum’s commitment and submission to PDP decisions.
He urged all NEC members to embrace the spirit of new beginning for the party to make the Saturday convention a success.
The Chairman, PDP Board of Trustees (BOT), Sen. Wali Jubrin gave the assurance that the board would not allow the party to die.
Jubrin congratulated the party on its victory at the Supreme Court judgment delivered on July 12.(NAN)

YOU ARE NOT STRONG ENOUGH TO LEAD, RESIGN!!! – NIGERIAN BISHOPS TO BUHARI

Some bishops have asked President Muhammadu Buhari to resign from office because of his ill health.
The bishops also reprimanded the Presidency for persistently refusing to disclose Buhari’s health status, saying they were in support of protesters demanding the President’s resignation.
Speaking on Friday at the second session of the Twelfth Synod of the Anglican Diocese of Owo, the Bishop of Owo Diocese, Church of Nigeria (Anglican Communion), Rt. Revd. James Oladunjoye, asked Buhari to resign and give room for another person to do the job.
Oladunjoye said, “We thank God for the President and for the way he had been ruling according to the law, but there is something wrong that we want him to address.
“He has been ill for so many months in his tenure and so, is it not proper for the country to know his health condition as he is no more a private personality?
“He is public property and if he is not strong enough to continue as the leader of this country, it is better for him to resign so that another qualified individual can take up the office legitimately.”
Speaking based on his personal relationship with Oladunjoye, the Bishop of the Ibadan South Diocese of the Anglican Communion, Rt. Revd. Jacob Ajetunmobi, said his counterpart at the Owo Diocese was speaking based on the experience he (Oladunjoye) had.

FaceBook, Google lose $123m to swindler

The Court of Appeal of Lithuania has decided to extradite to the United States a Lithuanian scam artist identified as Evaldas Rimasauskas, who conned $123 million out of FaceBook and Google by sending fake emails.

Evaldas Rimasauskas: the man who swindled Facebook and Google

“Assumption that the damage was done to the companies registered in the United States became the ground for the extradition of Rimasauskas,” the court said in a press release on Friday.
The decision to extradite the scammer was irrevocable, the court said.
The U.S. Attorney’s Office for the Southern District of New York accused Rimasauskas of wire transfer fraud, aggravated identity theft and money laundering, news agency Elta reported.
Evaldas Rimasauskas, right, during his extradition proceedings in Lithuania
It is alleged that Rimasauskas took part in the scam using e-mail correspondence and posed as an Asian computer hardware manufacturer to persuade Google and FaceBook to accept fraudulent invoices and transfer funds to the company established under the same name in Latvia.
The funds were transferred to the latter company’s accounts in banks in Cyprus and Latvia.
The court underlined it has not been assessing the circumstances of the crime and the proof of guilt as it “should trust the information provided by the judicial authority of the country which applied for the extradition.”
Rimasauskas is suspected to have conned 23 million dollars from Google and 100 million dollars from FaceBook.
He was detained in Lithuania on March 16. On April 18, the Prosecutor General’s Office of Lithuania received the U.S. Justice Department’s request to extradite the suspect.
Rimasauskas has denied the charges.
Meanwhile, the attorney of Rimasauskas claimed that the investigation of the suspected crime must take place in Lithuania as the allegedly criminal actions were carried out within the country, local media reported.
Lithuania has a bilateral extradition agreement with the United States and this case “meets all the criteria”, the chairman of the court underlined.

Update your data capturing machines, Dep Gov tells INEC

Deputy Governor of Anambra state, Mr Nkem Okeke has charged the Independent National Electoral Commission, INEC in the state to update its data capturing machines during the forthcoming governorship election in the state as well as ensure that voting materials arrive polling booths early enough to ensure a smooth exercise.

INEC

Okeke who gave the charge at a stakeholders’ meeting organized by INEC in Awka, yesterday, said INEC should equally release the new voters cards to their owners on time to enable them use the cards to cast their votes. He therefore appealed to security agencies to ensure adequate security and orderliness during the election, insisting that the state expects the election to be peaceful and transparent devoid of rancour.

Hajj 2017: NAHCON transports 9,347 pilgrims from Madina to Makka

The National Hajj Commission of Nigeria (NAHCON) says it has moved no fewer than 9,347 Nigeria pilgrims to Mekka out of 26,000 pilgrims earlier transported to Madina.
The Deputy Coordinator in Charge of Madina Operations of NAHCON, Malam Ahmad Maigari, disclosed this on Friday in a statement from Madina, Saudi Arabia.
Maigari said that the pilgrims were taken to Medina first to observe the tradition of spending at least eight days observing obligatory prayers in the Prophets Holy Mosque in Madina and visiting some Islamic holy sites.
“So far, both the transportation of intending pilgrims from Nigeria to Madina and their movement to Mekka from Madinah is going on smoothly without any hitch.
“We would have over 10,000 pilgrims in Mekka by the end of this weekend and all of them have settled in their various accommodations,” he said.
According to him, over 26,950 pilgrims have been transported to Madina and Jeddah in 26 flights since the inauguration of the 2017 Hajj exercise through the approved Max Air, Fly Nas and Medview Airlines.
He added that more flights are expected into both Jeddah and Madinah Airports.
The Head of Media Team for 2017 Hajj, Malam Adamu Abdullahi, said NAHCON officials are enjoying mutual relations with pilgrims which had ensured smooth operations so far.
Abdullahi, however, called on pilgrims to notify Hajj official of any concern and challenge for adequate and immediate response.

There is no vacancy in Aso rock, Okorocha insist

The wife of the Acting President of Nigeria, Mrs. Dolapo Osinbajo, yesterday, called on Nigeria youths to prepare themselves to be great.

Imo state Governor, Okorocha

She made this statement, in Owerri, during the official opening ceremony of Elfreeda foundation, founded by the daughter of the Imo state governor, Mrs. Uloama Rochas Nwosu.
While appreciating Uloama, the wife of the acting President said that she emulated her parents.
She briefly said: ” Elfreeda foundation is a dream comes through. Uloama my daughter your dreams are in God’s hands. I am not surprise that of the Elfreeda foundation because you learnt it from your parents.
“I have been with Okorocha’s wife even when she was commissioning houses for indigent women. My advice is that this generation should stand their shoulders high.”
Speaking also, the Governor of Imo state Governor, Rochas Okorocha, said: Few months ago I look at my struggles in life and I say this struggle will one day come to an end.
“When I opened Rochas Foundation I thought that my children will continue from where I stop but little did I know that Uloama my daughter has a vision to open her foundation.
“Let me use this opportunity to say this that the best thing that has happened to the government of Nigeria and APC government is to have Professor Yemi Osinbajo as the Vice President of Nigeria.
“Now that Buhari is on medical vacation, Osinbajo as the Acting Vice President has not allowed any vacancy in the presidency. So there is know vacancy in Aso rock.”
While in her remarks, the Founder of Elfreeda Foundation, Mrs. Uloama Rochas Nwosu, “Elfreeda foundation is an attempt to join the host of others who have helped others in the world created by God. My father told me that your life is nothing when you cannot change the live of others.
“Just like my father has Rochas Foundation which is born out of the inability of to acquire education. I must say that I am a blessed child. I want to say this Elfreeda foundation not a dramatization of wealth. It is to take the less privilage out of the street and feed people who have no food, water. It is not about me, my husband or family.”

FG working hard to fulfill electoral promises – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, has said contrary to what naysayers want people to believe, this Administration is working assiduously to redeem its electoral pledges, especially in the critical areas of developing the economy as well as fighting corruption and insecurity.
The Minister stated this in Abuja on Friday while signing a Memorandum of Understanding (MOU) with the visiting Chinese Vice Minister of The State Council Information Office, Mr. Guo Weimin, in the area of media and cultural relations.
“Contrary to the lies that are being purveyed daily in the Social Media, this government has been working assiduously to redeem its electoral pledges. Our fight against insecurity is yielding very positive results.

Lai Mohammed

“Our fight against corruption is focused and is ongoing and we are resolute and we have resolved that we are going to fight corruption until corruption goes under. We are happy that in this regards, we have a very good partner in China because we are aware and we know how China fought corruption and how China is fighting corruption.
‘’We have succeeded in nursing a very sick economy and very soon, Nigeria will get out of recession,” he said.
Alhaji Mohammed, who said the signing of the MOU will further deepen the already excellent relationship between the two countries, expressed optimism that some provisions of the MOU that encourage the news agencies of Nigeria and China to reflect, in their reporting, the social, economic and cultural development in both countries, will eliminate the phenomenon of fake news.
“This is significant because we are today in the era of fake news. Unlike China, the Social Media here is completely unrestrained.
Therefore it is important that you get your news directly from theofficial source,” he said.
The Minister sought the support of China towards the training of the Ministry’s Resident Information Officers on modern Governance Public Communication methods in order to build their capacity as the respective spokespersons of Ministries, Department and Agencies.
Alhaji Mohammed also sought partnership with China in the areas of film production and distribution, development of community cinema houses and collaboration in the co-production of films as well as
screening of Nigerian films in China and vice versa.
He called for cooperation between the Nigerian Film and Video Censorship Board and the China Censorship Board to curb the importation and exportation of pirated and adulterated movies of both countries.
In his remarks, the Chinese Vice Minister said the signing of the MOU between the two countries marked a new beginning in the relationship between the two countries, particularly in the area of media and cultural relations.

Shell denies allegation of neglect as youths occupy flow station

SHELL has denied allegations of neglect levied against it by some members of Kula, Belema communities in Akukutoru local government area, stressing that it had continued to discharge its corporate social responsibilities to communities in the area.
Meantime, some members of the community yesterday occupied the oil giant’s flow station and gas plant in the community, demanding that its license be revoked and re awarded to an indigenous oil firm.

Shell engineer

Spokesman of Shell, Joseph Obari in a statement said the firm through Kula Project Implementation and Monitoring Committee, PIMC had spent several millions of naira on social investment projects and university scholarship programmess for students of the area
The statement reads in part, : “SPDC JV restates commitment to development of host communities, as it debunks allegations of neglect of Kula, Belema communities
The Shell Petroleum Development Company of Nigeria Ltd operated Joint Venture (SPDC JV) has said its commitment to the welfare of host communities in the Niger Delta remains unshaken, even as it decried the illegal occupation of Belema Flow Station and Gas Plant today (August 11) by some persons. SPDC has informed the authorities of the illegal occupation and is working towards resuming safe operations.
Debunking allegations of neglect of communities in Kula kingdom and Belema in Rivers State, SPDC said it had implemented a Global Memorandum of Understanding (GMoU) in the area that led to a wide variety of social investment projects including university scholarships awards

Why Abacha sentenced me to 30yrs in prison – Obasanjo

Former President, Chief Olusegun Obasanjo, has revealed why the ex-Head of state, General Sani Abacha, jailed him for 30 years, though, later reduced it to 15 years.
On 17 November 1993, Abacha overthrew the short-lived transitional government of Chief Ernest Shonekan. In September 1994, he issued a decree that placed his government above the jurisdiction of the courts, effectively giving him absolute power. Another decree gave him the right to detain anyone for up to three months without trial.
However, Chief Obasanjo said, despite his ordeals in the hands of Abacha, he never wished the then head of state anything bad. Chief Obasanjo said, in fact, he wrote a condolence letter to Abacha when the son of the head of state died and equally wrote another condolence letter to Abacha’s wife when Abacha died.

Obasanjo & Abacha

Obasanjo said he was even surprised when he came out of the prison to hear that his oppressor was dead.
Chief Obasanjo also gave reasons why General Gowon was overthrown in a coup that brought him (Obasanjo) and Muritala to government.
He said, “That later brought about what was termed as Muritala/Obasanjo regime. But we were careless as regard security in which Muritala was killed like chicken and I would have been killed but God’s grace preserved me and I was later persuaded to take over.
“We stabilized the country, conducted election and handed over. But when there was incessant coup in different parts of the country, I spoke against Military in general and Abacha’s in particular.
“The consequence was that I was arrested, tried and sentenced to 30 years imprisonment which Abacha later reduced to 15 years but God in his mercy, I only spent 3 years, three months and three days.
He pointed out that the person who sent him to prison was not alive by the time he came out.
“But when I was in prison in Jos, Abacha’s son died and I wrote a condolence letter to him and also when he died, I also wrote a letter of condolence to his wife of which the prison authority found unbelievable but delivered all my letters.
Obasanjo who spoke on the topic, “God in my Life” under the auspices of Torchbearers Society termed his educational career as God’s destiny.
He disclosed that the respect he has for his biological father made him slap his teacher on his first day in school after his teacher asked him the name of his father.
“I do follow my father to farm but one day, he asked me what I wished to do and I told him I would prefer to be a mechanic. But he suggested education and I bought into it.
“We both went to Abeokuta and visited five different schools of which they rejected me because the school season was already in the middle.
“Later, I was taken to another school in the beginning of a new season. But, on my first day in school, they asked of my name and I gave them but when they asked of my father’s name, I found it irritating.
“By my own training in the village, to mention your father’s name is an insult and for him to ask for my father’s name is an insult. So, I slapped him and I was punished for that.
He said that would have been the end of his educational career but God’s plan made him rise to his present level.

Why we overthrew Gowon – Obasanjo

Former President, Chief Olusegun Obasanjo, has revealed why Former Head of state, General Yakubu Gowon, was overthrown in a bloodless coup on July 29, 1975, ushering in the government that came to be known as the Muritala/Obasanjo regime.
General Gowon was overthrown and replaced by Brigadier Murtala Muhammad as head of the new government, and Brigadier Olusegun Obasanjo as his deputy when he was attending an OAU summit in Kampala.
Chief Obasanjo who gave a chronological account of his life at the Diocese of Lagos West, Archbishop Vining Memorial Church Cathedral in Lagos, also said that despite the evil thought of the later head of state, General Sani Abacha against him, he did not, for a day, wish anything bad for the general.

Gowon and Obasanjo

“After the war, General Gowon said that military will go by 1976 but later said that it will not be realistic again and that was the major reason why he was unseated.
“That later brought about what was termed as Muritala/Obasanjo regime. But we were careless as regard security in which Muritala was killed like chicken and I would have been killed but God’s grace preserved me and I was later persuaded to take over.
“We stabilized the country, conducted election and handed over. But when there was incessant coup in different parts of the country, I spoke against Military in general and Abacha’s in particular.
“The consequence was that I was arrested, tried and sentenced to 30 years imprisonment which Abacha later reduced to 15 years but God in his mercy, I only spent 3 years, three months and three days.
He pointed out that the person who sent him to prison was not alive by the time he came out.
“But when I was in prison in Jos, Abacha’s son died and I wrote a condolence letter to him and also when he died, I also wrote a letter of condolence to his wife of which the prison authority found unbelievable but delivered all my letters.
Obasanjo who spoke on the topic, “God in my Life” under the auspices of Torchbearers Society, said his educational career was God’s destiny.
He disclosed that the respect he had for his biological father made him slap his teacher on his first day in school, after his teacher had asked him the name of his father.
“I do follow my father to farm but one day, he asked me what I wished to do and I told him I would prefer to be a mechanic. But he suggested education and I bought into it.
“We both went to Abeokuta and visited five different schools of which they rejected me because the school season was already in the middle.
“Later, I was taken to another school in the beginning of a new season. But, on my first day in school, they asked of my name and I gave them but when they asked of my father’s name, I found it irritating.
“By my own training in the village, to mention your father’s name is an insult and for him to ask for my father’s name is an insult. So, I slapped him and I was punished for that.
He said that would have been the end of his educational career but God’s plan made him rise to his present level.

PDP will reconcile but Sheriff men will not go unpunished – Bode George

CHIEF Olabode George, a former Deputy National Chairman of the People’s Democratic Party, PDP, in this interview, bares his mind on the Supreme Court judgment that authenticated the leadership of Senator Ahmed Makarfi and steps taken by the leadership to ensure genuine reconciliation in the party.

Bode George

With the Supreme Court handing over the leadership of the PDP to the Makarfi-led executive, what is the next line of action?
It is like you were in your mansion and suddenly there was a storm and you had to leave your mansion for about 18 months to live on a rented two-bedroom apartment. When you now know the mansion has now been vacated, you need to restructure it, you need to re-paint, you need change the furnishing, you have to do some fumigation to allow all the cockroaches and lizards to get out of the house; that is the kind of situation we are in.
You know we don’t have time but we had very successful meetings: The caucus meetings, the Board of Trustee meeting and the National Executive Council meeting. We took a lot of decisions. First, we realized that the tenure of the caretaker committee will wind up very soon. So, there was need to have a special convention with a single agenda and that agenda is to extend the tenure of the caretaker committee. In the meantime, there are some states that have not done their congresses and there are other ones which have one issue or the other.
Before you get to the convention, every state must be stabilized, and that is the immediate step we are going to take. So, arrangements are in place for the August 12 special convention.
And in the South-West, we realized that there are some areas of concern. Governor Ayo Fayose called a few elders to meet with the caretaker committee immediately after the NEC meeting to reassure them that we will be able to handle most of our problems in the zone. We have experienced and highly committed people in the region. Very soon, the managers of the party in the zone, headed by Dr Eddy Olafeso, will call a meeting in Ibadan, which is the central state for all of us to meet, and resolve the crisis in some of those states and do what is needful.
Again, those people who have been doing things that are inimical to good order and discipline as far as PDP is concerned, we cannot allow them to go without being queried and, if necessary, punish them because no individual is bigger than the party. So, those are things the party must do, but before we rose from the NEC, there are two major committees that we decided to set up, one of which is the National Disciplinary Committee that will look at those who have continually derided the party. The essence is to signal that there is zero tolerance for indiscipline in the party. The second committee is the Reconciliation Committee. We want to know those who are still committed to the party.
Those who left because of the complaint of impunity in the party, we will be too happy to have them back in the party.
How true is the claim that those loyal to the Modu Ali Sheriff-led PDP are planning to leave for a mega party?
They fought us. If they are genuine members of the party, they will not leave. Immediately we left the Supreme Court, the first comment made by Senator Makarfi was that there was ‘no victor and no vanquished.’ That is an olive branch sent to them. The choice to come or leave is theirs and if they cannot be convinced to stay, what can we do? If we had lost at the Court of Appeal, I am sure they would have expelled all of us. I wouldn’t have waited for expulsion anyway. I would have announced retirement from politics right at the door steps of the Supreme Court that day, but I am glad that justice has been done and God is with us.
Those who want to go to a mega party, I wish them best of luck. We know we have the capacity, we have a constitution and we have a deep and strong taproot that can withstand any storm.
This is a lesson for us, we must never forget what we went through; if we repeat the mistakes of the past, we will be consigned into the dustbin of history.
After the Supreme Court judgement, Mr Segun Adewale, who led the Sheriff group in the PDP in Lagos, insisted that he remained the state Chairman of the party.
I don’t know how long he has been in the party or if he has read the party’s constitution. His pronouncement is totally against the decisions made by the National Executive Committee.
My advice to him, if he still wants to remain in the party, is to read the communique issued by the NEC. He is flouting the orders of NEC and already committing an offense listed in the constitution of the party.
He was never elected at any congress; he was nominated and appointed by Sheriff. I don’t know which PDP appoints people rather than elect through congress. The NEC has approved that the Lagos State exco is headed by Moshood Salvador.
I am advising him as a veteran that he should not bite the fingers that fed him. I will advise him to move away from the precipice, come back home and put on his thinking cap. Any action, public or private, that runs contrary to our constitution will be viewed with seriousness. The press conference he did is an offense.

3 robbery suspects arrested with weapons in Enugu

Operatives of the Nigerian Police, Oji River Division, Enugu State Command, have arrested three members of a robbery gang that have been terrorising motorists along Ugwuoba, Awka, Oji Road and its environs.

The suspects

According to a Police source at the Command, the suspects were arrested, weekend, at their hideout in Gariki Ugwuoba area with dangerous weapons. The names of the culprits were given as Sale, Emmanuel and Uduku.
The source said: “These suspects, alongside with other gang members who are now at large, have variously robbed and inflicted gun, machetes and dagger injuries on motorists and commuters along Enugu-Onitsha Expressway by Ugwuoba axis.
“This arrest was based on intelligence-led policing, community relations and partnership as well as raid of all suspected criminal hideouts or areas likely to be used by hoodlums.”

Shell releases $10m, reaffirms commitment to Ogoni cleanup

SHELL Petroleum Development Company of Nigeria, SPDC, has said it will continue to support the cleanup process of Ogoni communities in Rivers State, adding that it had released $10 million take-off fund to the Hydrocarbon Pollution Restoration Agency, HYPREP.

Shell engineer

The firm’s General Manager, External Relations, Mr. Igo Weli, who spoke, weekend, in Port Harcourt at an interactive session with the media on the Ogoni cleanup project, said the United Nations Environment Programme, UNEP, recommendation encouraged a multi-stakeholder efforts driven by the Federal Government.
He added that the oil company will continue to play its role alongside other stakeholders under a transparent governance framework.
He said that 15 SPDC JV sites, specifically mentioned in the report that needed attention, had been remediated in the communities and certified by government, adding that the firm had also raised its standard on remediation approaches in line with industry best practices.
Igo assured that “SPDC JV remains fully committed to continue supporting and contributing its share within the appropriate framework and governance structures.
“We encourage all relevant stakeholders to also remain committed to contributing their share.”

FG withdraws nomination of ICPC board members facing probe

The Federal Government has removed Maimuna Aliyu and Sa’ad Alanamu from the board of the Independent Corrupt Practices and other offences Commission, ICPC.

Laolu Akande, spokesman of Acting President, Prof. Yemi Osinbajo, disclosed this, yesterday.
In a series of tweets, Akande said the government had confirmed that the individuals were undergoing probe.
He said: “We are stepping down two of the new ICPC board nominees who have ongoing investigation issues with the commission as this presents a conflict.
“This case presents a peculiarity as we have confirmed that the agency in which they are to serve is, indeed, investigating the two of them.
“A basic check showed no court convictions against them. But when weighty petitions come up this administration will always do the right thing.”
“While existence of allegations or petitions against someone shouldn’t necessarily disqualify them from considerations for appointments…”