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Tinubu Announces Forensic Audit of CBN, Civil Service Payroll

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President Tinubu Makes Fresh Appointment

Tinubu Announces Forensic Audit of CBN, Civil Service Payroll

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That President Bola Tinubu has said a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tinubu Announces Forensic Audit of CBN, Civil Service Payroll

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

According to a statement by presidential spokesman, Ajuri Ngelale, the President disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday at the Presidential Villa, Abuja.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

”A comprehensive forensic audit is on-going at the Central Bank. We are going to do very serious structural review of the Civil Service payroll. I can’t believe in the numbers I’m seeing and I’ve had that experience before at the state level.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

”The reforms are in tandem with Nigeria’s Ease of Doing Business programme. We’ll block all financial loopholes. The reforms will be targeted at the way we work, change of attitude and equally on educating our people. It’s costly but we will do it,” he said.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Highlighting Nigeria’s resilience and intellectual prowess, the President implored the Bretton Woods institution to view the country as a significant player within the global community, not solely as a struggling economy.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

‘‘We stand as a vibrant and educated society, seeking to avert chaos through strategic interventions. Your proactive engagement aligns with our quest for partnership, and together, we shall pursue mutual benefits that enrich us all,’’ he said.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On poverty alleviation, the President called for more increased support from the World Bank, expressing optimism for a productive collaboration between Nigeria and the World Bank that will lead to mutual benefits and sustainable progress.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

He also discussed the ongoing efforts to address issues such as subsidy removal, foreign exchange mismanagement, exchange rates, inflation, liquidity, and debt management.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

President Tinubu also shared insights into his administration’s substantial reforms, including those aimed at consolidating improvements in Nigeria’s oil industry, enhancing the Ease of Doing Business, and prioritizing security to boost the country’s revenue generation.

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Funmi Ayinke To Shut Down Abuja With Annual Thanksgiving On December 10

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Popular engineer cum musician, Funmi Ayinke is set to shut down the whole of Abuja with her annual thanksgiving on Sunday, 10th Of December, 2023.

The event which has been tagged ‘Total Takeover’ is basically to appreciate God for 2023 and put the coming year in his hands through worship.

According to Funmi Ayinke, It is not an entertainment programme but a spirit-filled event where people will worship God in truth and in spirit.

‘’It is not an entertainment event but a spirit-filled worship moment where God Almighty will empower us for a total takeover in 2024.’’

‘’When we pray, God sends Angels, but when we worship, God comes down to dwell in our midst.’’

‘’The Bible says where the spirit of the Lord is, there is Liberty. Please do not joke with your Destiny.
You can’t continue to live this life of yours in 2024. ‘’

‘’There must be a change—enough of people mocking you. Find yourself there, and you will never remain the same.’’

To bring down heaven, some powerful guests have been billed to minister and they include Sola Praise, Abraham Akatu, Precious Ariwajesu, Success Moses, Enoch JB, to mention a few.

In previous years, miracles were recorded at the Annual Thanksgiving and many more are expected on December 10, 2023.

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Lagos House Demolition: 9 Things to Know Before Buying or Building in Lagos by Dennis Isong

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Lagos House Demolition: 9 Things to Know Before Buying or Building in Lagos by Dennis Isong 

Lagos House Demolition: 9 Things to Know Before Buying or Building in Lagos by Dennis Isong

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That When embarking on the journey of purchasing land in Lagos, Nigeria, it is crucial to navigate the process with diligence and awareness. Acquiring the necessary certificates is a pivotal step to ensure a secure and lawful transaction. Here are some important certificates you should possess during the land-buying process in Lagos:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lagos House Demolition: 9 Things to Know Before Buying or Building in Lagos by Dennis Isong 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. Certificate of Occupancy (C of O):

The Certificate of Occupancy is a primary document issued by the Lagos State Government that confirms the legal ownership and right to use a particular land. It outlines the terms and conditions under which the land is held and can be obtained through the state’s land registry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Survey Plan:

-A Survey Plan is essential for defining and delineating the boundaries of the land. It provides an accurate representation of the property’s dimensions, shape, and geographical features. A licensed surveyor must prepare this document, and it should be approved by the Office of the Surveyor General.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Deed of Assignment:

This legal document serves as evidence of the transfer of ownership rights from the seller to the buyer. The Deed of Assignment should be drafted by a legal professional and registered at the Land Registry to make it legally binding.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. Governor’s Consent:

If the land has a Certificate of Occupancy, obtaining the Governor’s Consent is necessary for the transfer of ownership. It involves an application to the state governor, and upon approval, the consent is endorsed on the Deed of Assignment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5. Excision:

An Excision signifies the release of a portion of land from government acquisition. It is especially crucial for lands situated in areas that were previously marked as government-owned. A valid Excision grants legitimacy to the land title and should be confirmed with the relevant authorities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6. Approved Building Plan:

Before any construction activities commence, it is mandatory to have an approved building plan from the appropriate government agency. This ensures that the proposed structure complies with urban planning regulations and standards.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. Tax Clearance Certificate:

A Tax Clearance Certificate from the seller is necessary to verify that all property taxes have been paid. It is a requirement for the processing of some land-related documents and helps ensure a clean and legal transaction.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. Environmental Impact Assessment (EIA):

In some cases, an Environmental Impact Assessment may be required, particularly for large-scale developments. This assessment ensures that the proposed project complies with environmental regulations and mitigates potential negative impacts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9. Receipts of Payment:

Retain all receipts of payments made during the transaction. This includes payments for the land, survey, legal fees, and any other associated costs. These receipts serve as proof of transaction and can be crucial in case of any disputes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

 

 

 

 

 

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Dollar Tumbles Against Naira At Parallel Market

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Dollar Tumbles Against Naira At Parallel Market

Dollar Tumbles Against Naira At Parallel Market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1,160 to N1,155.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Tumbles Against Naira At Parallel Market

 

 

 

 

 

 

This represents 0.43 percent (N5) gain than N1,160 exchanged on Thursday at the parallel market.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It could be recalled that the naira had steadied in the parallel market on Wednesday and Thursday as it sells for N1,160 respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

However, the forex turnover, on Thursday, hit $105.50million according to data from NAFEM, the Nigerian Autonomous Foreign Exchange Market, the market trading segment for Investors, Exporters and End-users.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The turnover represents the amount of dollars traded at a particular trading day.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Although the rate is still unpalatable to the business community and Nigerians at large but a management consultant, Babatunde Adeniji, said the naira crisis is being largely driven by speculation following the country’s liquidity challenge.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“In terms of price, for the short time it is speculation that drives things. If you are a trader and you want to take a bet, with the level of distrust of the government, with no clear visible assurance of where the dollar is coming from to stabilise the naira, which position would you take? You are bound to take the position skewed towards the dollar,” he stated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

He said the country would begin to heave a sigh of relief when the authorities can pay up all the backlog of foreign exchange forwards with sufficient liquidity to meet pending obligations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“Nigeria as a country does not have enough dollars to meet its promise. If we don’t do things that are substantial and visible, all that grammar would not help.

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