Police rescue Monarch

Isaiah Ododem, one of the suspected nine kidnappers of the rescued Oniba of Iba, Oba Goriola Oseni, on Sunday in Lagos confessed to journalists that his gang received N15.1 million ransom in two tranches.

kidnappers demand N100 million

Kidnappers of RCCG Parish Past demand for 100 million ransom

Ibadan Polytechnic Student Call for Assistance

Established in 1971 from the facility left behind by the old University of Ife, now Obafemi Awolowo University, The Polytechnic, Ibadan, boasts being the alma mater of many prominent Nigerians. Many of them are indeed captains of industries. But age is fast telling on the institution, especially its physical infrastructure. Little wonder, many students are complaining about the state of facilities in the 45-year-old institution situated in the Sango area of the sprawling city. Indeed, from the unoccupied lands, hostels to the laboratories, it is a litany of fear and anguish for the students. For instance, our correspondent, who visited the school on Monday, observed that there was a large expanse of unused land occupied by tall grasses and trees. According to the students, the unused parcel of land is capable of being a home to reptiles and a den to cultists Some of them told our correspondent that they disliked moving around the campus at night for fear of being attacked by reptiles. “As you can see, the bush is directly behind the classrooms and offices. We receive lectures late into the evening at times and, as a woman, the fear of being attacked while going home at night is always there,” said a female student of the Faculty of Engineering. Another female student said she skipped any class scheduled to hold late in the evening in order to leave the area early. She noted that because of the irregular supply of electricity in the school, it was better not to take a risk of being in the area at night. “I do not have to be told not to stay there when it is dark. We see people coming out of the place in the evening but, personally, I do not know who they are. Some of our colleagues say they are farmers but anybody can dress like a farmer to actualise an evil intention. That place needs to be cleared,” she said. For another student, who gave his name as Segun, it is normal to find undeveloped land in big institutions. He believes it is pleasant to live close to nature. “I have heard people complaining about the place but I see nothing wrong in it. I visit the University of Ibadan regularly. There are more bushes there than here and it is always lovely to walk under those trees.” Apart from the bushy environment, the students also claimed that they were having challenges in their hostels. The school provides accommodation for the majority of the learners in four large hostels. These are the Ramat, Unity, Orisun and Olori halls. Apart from the electricity supplied by the Ibadan Electricity Distribution Company to the school, the institution compliments it with five hours of electricity supply through its main generator. Water is also pumped to the hostels during this period. However, the students are demanding more. Some of them residing on campus want the authorities to extend the time that electricity is supplied to their hostels, especially during examination periods. They also want more cleaners in the hostels in order to address sewage disposal challenges. At the Unity Hall, which accommodates male students, some of the students also complained about the poor condition of their rooms. “We drop our mattresses on the floor because there are no beds. Mosquitoes invade our hostel because water from the bathrooms and toilets form pools in the open space within the hostel. The water channel is not closed and the water does not flow freely. We have enough water and the electricity situation is not too bad but six hours a day is not enough because we have to read at night after classes, especially during examination periods,” said one of the residents, Asaolu Adeola The school Public Relations Officer, Soladoye Adewole, however, said maintaining such a big school required huge funding and time to occupy all the virgin lands that the students said were threats to nightlife on campus. He explained that some of the bushy portions belonged to the school’s closest neighbour, the University of Ibadan, while some employees of the polytechnic used other unoccupied lands belonging to the polytechnic as farms. He said, “This is a big place but well maintained. Part of the virgin land belongs to the UI while some of our workers use the land that the polytechnic has yet to occupy as farms. In essence, they cannot refer to them as bushes or forest. It is, however, important to say that the school is introducing new programmes and more of the lands are being put to use.” On the lack of space at the science laboratories, Adewole said the authorities had met the requirement set by the National Board of Technical Education and that a new multi-purpose laboratory had just been built and completed for students’ use. “The polytechnic education system is practical. The NBTE is always here to assess the quality of our laboratory equipment. We cannot go lower than the standard set by the board,” he said

Prophet Reveals Solution to End Nigeria Crisis

Prophet Reveals Solution to End Nigeria Crisis
As Nigeria clergy and clerics speaks on the issues faced with Nigeria an d its possibility's of regaining its lost glory, Prophet Abraham Oyebanji (JP) of Celestial Church of Christ, Idunu Joshua Parish, Iyana Ipaja as also come to reveal the contingent cause of Nigeria Problems.
The prophet adjudicate that the pioneer cause of Nigeria problem started in 1997. " Nigeria back God by practicing idolatry in 1997. A nation that was created by God with resources sufficient for all" he said.
"The national museum in Iganmu arose the havoc in Nigeria told and it is not possible to serve two masters. So they removed the affairs of God from Nigeria and since then Nigeria has faced issues in all sectors"
Prophet Abraham further claimed that it was God's  love and grace that wailed by choosing spiritual leaders who stoodfast in prayer and supplication. " it should have gotten  worst than this if not for the love of Gods servant which am one of them by calling. Alot of us pastors, prophets are out there praying pleading for forgiveness other wise Nigeria would have been a failed stated with depression and calamity, but glory to,God"
He( prophet Abraham) further reinstated that Nigeria will soon be announced as a God nation. "Nigeria is coming back to be Gods nation, holy country. And some of the leaders or creator who introduced the idols in Nigeria will sooner or later be announced as pastors"
He reveal is 2016 prophecy with much attention on solution to disaster, " we need to pray. God show me that there will be famine, water disasters, ocean will run dry, some well will dry, the rain will disappoint, land will not bring fruit as usual, but except we pray and draw close to God'.

As Nigeria clergy and clerics speaks on the issues faced with Nigeria an d its possibility's of regaining its lost glory, Prophet Abraham Oyebanji (JP) of Celestial Church of Christ, Idunu Joshua Parish, Iyana Ipaja as also come to reveal the contingent cause of Nigeria Problems.
The prophet adjudicate that the pioneer cause of Nigeria problem started in 1997. " Nigeria back God by practicing idolatry in 1997. A nation that was created by God with resources sufficient for all" he said.
"The national museum in Iganmu arose the havoc in Nigeria told and it is not possible to serve two masters. So they removed the affairs of God from Nigeria and since then Nigeria has faced issues in all sectors"
Prophet Abraham further claimed that it was God's  love and grace that wailed by choosing spiritual leaders who stoodfast in prayer and supplication. " it should have gotten  worst than this if not for the love of Gods servant which am one of them by calling. Alot of us pastors, prophets are out there praying pleading for forgiveness other wise Nigeria would have been a failed stated with depression and calamity, but glory to,God"
He( prophet Abraham) further reinstated that Nigeria will soon be announced as a God nation. "Nigeria is coming back to be Gods nation, holy country. And some of the leaders or creator who introduced the idols in Nigeria will sooner or later be announced as pastors"
He reveal is 2016 prophecy with much attention on solution to disaster, " we need to pray. God show me that there will be famine, water disasters, ocean will run dry, some well will dry, the rain will disappoint, land will not bring fruit as usual, but except we pray and draw close to God'.

FG To Give Loan to Graduates

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday announced that a low-interest loan scheme for one million young graduates would commence next year.

The governor said the special loan scheme, which would be managed by the central bank in collaboration with commercial banks, was part of the strategy of the Federal Government to boost the Micro, Small and Medium Enterprises sub-sector and curtail unemployment among the youth.

Emefiele made the disclosure in Lagos during the opening ceremony of the seventh Annual Bankers’ Committee Retreat.

The CBN governor said, “We need to get more and more people to be employed, and we will need the support of the banks to begin to see how we lower our risk acceptance criteria to give support to our young graduates.

“In the course of the next few weeks, we will be unfolding a plan of support of the CBN to create employment for at least one million young graduates in Nigeria in 2016. That will entail support from Nigerian banks and our development institutions to see how we will channel these concessionary loans to companies that are MSMEs.”

Emefiele said the plunge in commodity prices, especially crude oil, had led to sharp fall in the nation’s revenue, adding that Nigeria and other oil exporting countries were facing hard times, a situation that necessitated the need to diversify the economy away from oil.

According to the CBN boss, the MSMEs represent the engine room of growth of any economy and there is a need for Nigeria to focus on the sector in order to weather the trying times.

He said, “The drop in commodity prices is a major thing that has affected the country. What that means is that your revenue has dropped and we are facing very serious pressure on our external reserves and exchange rate. What that does is that we all need to think about how we should come together and see what we can do as a people to shield ourselves from what is happening. So, we need to do whatever we can to protect the economy.

“We are entering a phase where we believe that the SMEs must be the only priority for growth in our economy. I must say that the Nigerian banking sector has not played an active part in supporting the SMEs, but this is not without reasons. We had issues in the past where people took loans and didn’t pay.

“The SMEs are seen as drivers of growth in any economy. Nigeria has 37 MSMEs. The CBN has a N220bn MSME facility. We have used various approaches to stimulate lending to the SMEs through that fund and I must confess that we are not doing enough on that because less than half of that fund has been disbursed today.”

Emefiele urged the bank MDs and heads of financial institutions at the meeting not to shy away from lending to the real sector, adding that the proposed loan scheme for young graduates must work.

He said, “Let’s give the young graduates a chance. The SME programme is going to be separate from the N220bn MSME fund, and I am saying if you (the banks) refuse to support, your money that we would have released through the Cash Reserve Ratio, we will take that money and lend it through any channel that will give these young graduates jobs.

“We all need to think together and agree because there is no need to release the money to you and all you do with the money is buy treasury bills. It can’t continue. We need to think about the best ways to diversify this economy away from oil.”

Meanwhile, the Minister of Finance, Mrs. Kemi Adeosun, who was also present at the opening of the retreat, disclosed that the Federal Government would be borrowing to stimulate the economy.

She said Nigeria was facing a very challenging economic situation and there was a need to focus on the SME sector to boost growth.

According to her, the government will be doing all that needs to be done on the fiscal side of the economy to ensure that the money that will be borrowed is not spent on recurrent expenditure but on capital projects.

Punchng.com