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Only a return to time tested Omoluabi principles of probity, honesty, temperance and commitment to community goals rather than that of self will make Nigeria great again. This was the conclusion as prominent southwestern leaders recently gathered  at at the first summit of Yoruba socio-cultural organization-The Omoluabi group. The event held at the MITROS Events Centre Ibara Housing Estate, Abeokuta, Ogun State.
The  event themed OMOLUABI PRINCIPLES: A CALL TO RETURN had in attendance many Yoruba leaders including His grace, Emeritus Archbishop Ayo Ladigbolu, who opened the summit with a thought provoking perspective on the omoluabi ethos while Professor Banji Akintoye presented the lead paper. Other distinguished speakers include Senators Mojisoluwa Akinfemiwa and Femi Okunrounmu.
According to Senator Okurounmu, “it is lack of omoluabi values that has led to the current reign of low integrity, dishonesty and bad governance being experienced generally across the length and breadth of Nigeria”. He stressed that today’s youth ought to become value driven at an early age similar to the likes of the late Chief Obafemi Awolowo and Dr Nnamdi Azikiwe. He concluded by expressing his faith in groups like the Omoluabi Group. According to him, “with initiatives and groups like this Nigeria will no doubt reach her desired destination”.
On his part, his grace, Emeritus Archbishop , Ayo Ladigbolu  admonished that “as parents and leaders, we must always think of the legacy we wish to bequeath our children and country”.
Lead speaker, Professor Banji Akintoye was full of praises for the host city Abeokuta and the legendary political juggernaut, the late Chief Obafemi Awolowo. The professor however did not spare the present order of government in Nigeria. He stressed that Nigeria stopped growing some 54 years ago when the system of government changed from federalism to the unitary system of government. He emphasized the need for Yorubas to become bold again and take their place of leadership in Nigeria. In his words, “the fact that the Yorubas belong to Nigeria does not mean we should forget our destiny of global leadership”
Other speakers including senator Akinfemiwa stressed the need for Senators, Governors, Ministers and even Presidents to be first Omoluabis before vying for any office. That it is only an Omoluabi who would not abuse or steal whilst in office.
The event came to an end with a question and answer session anchored by the chairman of the group, Mr. Ladi Smith, who also took time to buttress the fact that the vision of the Omoluabi Group is to inculcate and incorporate Omoluabi Principles in all human endeavors in Yoruba land and Nigeria.
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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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