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Nobel laureate , Prof . Wole Soyinka , has advised former President Olusegun Obasanjo to desist from struggling to restore Nigeria to the path of sanity and moderate rectitude, describing him as objectively unfitted for the role. He urged him to instead head for a monastery.

Soyinka said, “I know that deep inside, there is a soakaway pond of personal insecurity struggling to be drained. Beneath every bully, there is a scared product of insecurity and troubled conscience. Now , fight your own demons as best as you can, and feel free to flagellate Buhari ( President Muhammadu ) with all the weapons in your armoury.

I have only one demand : keep away from movements struggling to restore this nation to the path of sanity and even moderate rectitude . End your hijacking propensity.

Soyinka said these in the latest of his interventions series , Interventions VIII, titled ‘ Quis Custodiet Ipsos Custodes? : Gani ’ s Unfinished Business’ officially released to the public by Bookcraft on Tuesday. It formed the text of his speech at the 10 th memorial lecture of the late Chief Gani Fawehinmi .

He also described the Presidential Library in Abeokuta, Ogun State, built by Obasanjo as Presidential Laundromat, alleging that it was constructed with fraud.

He said, “That structure in Abeokuta remains a moral eyesore to those who were in a position to obtain even a glimmering of the proceedings that inflicted such a purulent carbuncle on the landscape of my state, Ogun. However, even the grossest evil can be turned to some good . When we were school pupils, one of our illustrated reading texts was one entitled, This is the house that Jack built.

Today, and forevermore, generations will point to that thing which I have daubed the Presidential Laundromat and say: This is the house that Fraud built.

The playwright also asked if someone with Obasanjo ’ s governance record dare accuse anyone of failing to rise to the challenges of governance.

Soyinka , who said one of the challenges that had confronted Nigeria since military incursion into politics was electricity, asked Obasanjo to tell Nigerians how he rose to the challenges of power while he was in office for eight years.

He added,“I dare Obasanjo to meet me one on one on any podium to present the facts of that stewardship to the Nigerian people. Just how did you, in eight years, rise to the challenges of power generation for a population of a hundred and fifty million people, endowed with enormous energy resources.

“Eight years repeat , eight years in office , and the elected estate manager of this vast territory could not even provide the modicum level of power to activate even a low -level cottage industrial culture. And such individual has the nerve to sermonise about rising to challenges . ’

The essayist and poet also said that he had a vested interest in the power industry and could claim to be an insider in that ministry for a while when the late Bola Ige agreed to serve as minister of power in Obasanjo ’ s cabinet against his ( Soyinka ’ s ) personal conviction .

Besides , he noted that the allegation of corruption against Obasanjo by a former Abia State governor , Chief Orji Kalu , should be formally addressed , adding again , we are also duty bound to point out that the author of that damning expose is himself standing trial on charges of corruption . We are aware that this pioneer letter -writer has been summoned by the EFCC to substantiate his claims.

LIFESTYLE

The 2018 GTBank Fashion Weekend Model Casting Call Holds October 2nd

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Calling All Models!

Have you got what it takes to strut the runways of Africa’s biggest fashion event? Then, the GTBank Fashion Weekend is looking for you.

In preparation for the upcoming 2018 GTBank Fashion Weekend, there will be an in-person Model Casting Call at Muson Center, Onikan, Lagos on Tuesday, October 2nd, 2018.

Models selected at the Casting Call will showcase the latest fashion designs at the 2018 GTBank Fashion Weekend, holding in November 10th and 11th, 2018.

Requirements: Only female models between the ages of 18 to 27 and from 5’9” and above will be considered

Dress code: Tank top and jeans. Also, bring along a pair of high heels (To Walk In).

Date: Tuesday, October 2nd, 2018 Time: 9AM-2PM

Venue: Muson Center, Onikan, Lagos.

Now in its third year, the GTBank Fashion Weekend has become the premier consumer-focused event that places African fashion on the global stage and helps small businesses in the local fashion industry thrive. The first and second editions of the event, which held in November 2016 and 2017 respectively, brought together over 250,000 people to interact with some of the best minds in the global fashion space and directly patronize more than 200 indigenous small businesses in the local fashion industry.

For enquiries please send an email fashionweekend@gtbank.com

 

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NEWS

ALERT!!! CBN Warns Of Another Looming Recession

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The Monetary Policy Committee (MPR) of the Central Bank of Nigeria (CBN) on Tuesday warned that the economy may recede again into recession unless concrete steps were taken to implement the 2018 budget, create employment and increase the minimum wage.

This is just as seven of the 10 members that attended voted to retain all the policy rates including Monetary Policy Rate (MPR) at 14 per cent; Liquidity Ratio at 30 per cent; Cash Reserve Ratio (CRR) at 22.5 per cent; and Asymmetric Corridor of +200 and -500 basis points around the MPR.

Briefing journalists on the outcome of the meeting which held on Monday and Tuesday, Governor of CBN, Mr Godwin Emefiele said “the committee was concerned that the exit from the recession may be under threat as the eco0nomy slowed to 1.95 and 1.50 per cent during the first and second quarters of 2018 respectively.

“The committee noted that the slow down emanated from the oil sector with strong linkages to unemployment and growth in other key sectors of the economy.

“In this regard, the committee urged the government to take advantage of the current rising trend in oil prices to rebuild fiscal buffers, strengthen government finances in the medium term and reverse the current trend of decline in output growth.”

According to him, MPC noted that “though growth remains weak, the effective implementation of 2018 Federal Government budget and policies that would encourage credit delivery to the real sector of the economy may boost aggregate demand, stimulate economic activity and reduce unemployment in the country.

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NEWS

Wonder Bank Operator Disappears With N27bn Customers Deposits In Cross River

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A wonder bank, operating under the name, Micheno Multipurpose Cooperative Society, MMCS, has defrauded over 13,000 people to the tune of N27 billion in Cross River State.

The scheme owned and operated by one Michael Eke, had promised depositors of N100,000 and additional N50,000 at the end of 40 days, and those who deposit N150,000 would get N300,000 at the same period.

A deposit of N1 million would earn a N500,000 profit at the end of the same period while deposits above N1 million would be calculated in N1 million units.

The scheme berthed in Calabar in June 2018 and had been attracting patronage from residents of the city numbering about 13,000.

Some of the depositors parted with their life savings and others deposited their gratuities, which run into millions with the hope of reaping bountifully at the end of 40 days.

However, at the end of the 40 days, some depositors got paltry alerts of their money while over 13,000 others did not get anything and have since not heard from the operators of the bank in the past one month and their office in Calabar has remained shut.

The scheme started as a Swiss marketing company on WhatsApp and in less than one month, the groups grew to about 36 all providing information on the benefits of joining the scheme and attracted a lot of people to deposit their monies with the scheme’s office in the city.

“I have N33 million stocks with the scheme. It may not be much compared to what others have but this has destabilised my life and turned me to a mad woman with no bearing and I have lost interest in life and work,” a customer, Edna Nzegu, said.

Some of the depositors accused a Calabar-based comedian, MC Mbakara, of conniving with Mr Eke to fleece them of their money by promoting the scheme on his WhatsApp thread and website, which persuaded them to believe that the scheme was genuine and he has since gone into hiding.

Speaking from his hideout, Mbakara said he was not part of the company even when he was appointed vice president of the scheme by Eke.

He said: “I have been accused of so many things I am not aware of. I am not on the run and not hiding. My phone lines have been open and I am very available.” He said he was only a brand ambassador whose following on and offline was used by Eke to drive an aggressive campaign that brought a lot of depositors to the scheme.

Cross River Police Command spokesperson, Ms Irne Ugbo, said reports had been made by some depositors of the scheme and investigation is ongoing. “to unravel what the scheme is about and what actually happened to the depositor’s funds.”

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