News recap

The extent of corruption in the last administration was a major talking point during the week as the former first lady Dame Patience Jonathan claimed ownership of a few bank accounts embargoed by the EFCC.

The revelation was as earth-shaking as the tremors that hit some Kaduna communities during the week.

We give you a summary of these two major news and a few more.

Patience Jonathan

Patience Jonathan

Former First Lady, Dame Patience Jonathan, is claiming ownership of the $31.4 million involved in an alleged fraud case before a Federal High Court in Lagos. Counsel to the first defendant in charge, with case number FHC/337C/16, Mr Gboyega Oduwole, informed the court that Mrs Jonathan filed a fundamental application against the Economic and Financial Crimes Commission (EFCC), claiming ownership of the money.

Director General Securities and Exchange Commission (SEC); Mounir  Gwarzo (left), Director General Federal Radio Corporation of Nigeria (FRCN); Dr. Mansur Liman, and Executive Commissioner Legal and Enforcement, SEC, Sa’adatu Bello

Director General Securities and Exchange Commission (SEC); Mounir  Gwarzo (left), Director General Federal Radio Corporation of Nigeria (FRCN); Dr Mansur Liman, and Executive Commissioner Legal and Enforcement, SEC, Sa’adatu Bello

Fraud was also in the details as the Nigerian Security and Exchange Commission (SEC) warned Nigerians against falling prey to an online investment scheme tagged, “MMM Federal Republic of Nigeria,” yet many people discounted the warning, taken in by the quick gains the scheme offers. 

Earth tremor

Earth tremor

While some people were mot moved by SEC’s warning about an alleged Ponzi scheme, residents of Koi community in Jaba Local Government Area of Kaduna State fled their homes when persistent tremors hit the community.  The government has said the cause of the tremors was being investigated.

Central Bank of Nigeria's (CBN) governor Godwin Emefiele. / AFP PHOTO / PHILIP OJISUA

Central Bank of Nigeria’s (CBN) governor Godwin Emefiele. / AFP PHOTO / PHILIP OJISUA

During the week also, the government through Central Bank of Nigeria unfolded policies to reduce the hardship of Nigerians and the current economic recession, with a promise that N220 billion fund has been made available for Micro Small and Medium Enterprises (MSMEs) and could be easily accessed.

Like the CBN, a former Country Chairman, Shell Companies in Nigeria, Mutiu Sunmonu, urged Nigerians to take advantage of the latent opportunities in the current economic recession facing the country.

And for those who do not know the weight the word ‘recession’ carries, The Guardian columnist, Reuben Abati, provided a definition in an illuminating article during the week.

Bastian Schweinsteiger PHOTO:AFP

Bastian Schweinsteiger PHOTO:AFP

Meanwhile, Manchester United have written off Bastian Schweinsteiger as an “exceptional” multi-million-pound item in their latest published accounts now that the Germany international has been sidelined by manager Jose Mourinho. The 32-year-old joined United from Bayern Munich but has fallen out of favour under  new boss Mourinho and his chances of making a comeback under the Portuguese coach looked even less likely after the club published its annual accounts on Monday.

BoneFor your bones not to be written off, they must be well-taken care off. And Dr Uyi Ima-Edomwonyi, a rheumatologist at Lagos University Teaching Hospital, discussed how to care for bones.

 

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