No forex for medical trips abroad and student

CBN gives the explanation

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“The Central Bank of Nige¬ria (CBN) wishes to clarify to the general public that it has NOT stopped the allocation and sale of foreign exchange for purposes of paying school fees and settlement of medi¬cal bills overseas,” Ibrahim Mu’azu, the apex bank’s Direc¬tor of Corporate Communica¬tions, said. However in a recent interview with Al¬Jazeera, Buhari overruled the CBN, insisting that it will henceforth, not be making such provisions as Nigeria's present economic state can't afford it. “We can’t just afford it.

That is just the true situation,”he said. During the interview, Buhai also said those who were making monetary gains through trading with the dollar would be pursued and punished. “Anybody who was given dollars by the CBN to import pharmaceuticals and decided to sell at parallel market in order to make maybe additional N100, we will pursue them and punish them,” he said Many Nigerians schooling and receiving medi¬cal attention abroad have been complaining as the CBN has stopped the allocation of foreign exchange to them, since they could not access Form A.‎ They say it is inhuman for the CBN and the federal government to expect them to source for foreign exchange at the parallel market.

The only survival from the Kaduna –Abuja fatal accident gives up the ghost

Very tragic, Mrs  Ocholi,James Ocholi’s wife who was battling to survive after accident in the hospital has given the ghost, he died while still in the coma.

May their souls rest in peace, that’s the car they were in.

James Ocholi Minister of state for Labor and Productivity and son die in a fatal accident

The  Personal Assistant to President Buhari broke the news this afternoon  that Minister of state for Labor and Productivity, James Ocholi and his son are dead from fatal motor accident,his wife who was in the same car is in unstable state. It happened along Kaduna-Abuja express road.

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Babak Zanjani sentenced to death for $2.8 billion swindling

The 41-year-old who is worth $13.5 billion and holds a Danish citizenship was convicted of fraud and economic crimes and he is being sentenced to death

Judiciary spokesman Gholam Hossein Mohseni-Ejeie said today  at the press conference that apart from the death sentence, Zanjani must repay money to the state.

Zanjani became notorious during the era of president Mahmoud Ahmadinejad, finding ways to channel hard currency from oil sales to Tehran despite financial sanctions imposed on the Islamic republic's banks as punishment for its nuclear programme.

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The trial was held in public, a rarity for such a major case in Iran, and two other accused were also convicted of "corruption on earth", the most serious offence under the country's criminal code, meaning they too will face the death penalty. "The preliminary court has sentenced these three defendants to be executed, as well as paying restitution to the plaintiff," Mohseni-Ejeie said, adding that that was the oil ministry.

They must also pay a "fine equal to one fourth of the money that was laundered", the spokesman said, without specifying the sum. Zanjani, who can appeal, had denied any wrongdoing, insisting that the only reason the money had not been paid to the oil ministry was that sanctions had prevented a planned transfer from taking place.


 However, the case follows repeated declarations from the current government of President Hassan Rouhani that corruption and the payment of illegal commissions thrived under Ahmadinejad's rule. Zanjani had repeatedly said in media interviews that in return for commissions paid by Ahmadinejad's government he was tasked with circumventing sanctions to get money back to Iran.

Some men got it right this time at 2016 AMVCA

 Wow,very nice bold colours, love the fact that they took risks with the colours and it turned out really cool.

Told you guys,Nollywood is getting there...............wink! wink!

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