Recapitalisation hurdle threatens Savannah Bank’s reopening

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The failure of the core investors in Savannah Bank of Nigeria Plc to fully recapitalise the bank to the N25bn minimum share capital requirement is a major reason for its inability to reopen for business, more than three years after its operating licence was returned via a court order, investigations by our correspondent have revealed.The Central Bank of Nigeria had closed down SBN in 2002, citing infringements and non-compliance with banking laws by the management of the bank as reasons for its action.

Mum Is awoken By Cat To Find a 6 Foot Python Wrapped around her 2-year-old’s arm (PHOTOS)

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Injuries: Mrs Guthrie with her daughter Zara,
who was bitten three times in the hand as her mother
 tried  to prise the snake away from her child.
She was treated at hospital but the python’s bites were not venomous

An Australian woman was awoken by her hissing cat early Sunday to find a python wrapped around the arm of her 2-year-old daughter. Tess Guthrie, a 22-year-old from Lismore, New South Wales, said the 6-foot pytho was wrapped three times around her daughter’s arm. “I thought I was having a nightmare,” Guthrie told a local television news station. “It was only because the cat was hissing that I woke up and saw the snake with its body wrapped around my daughter Zara’s arm.”

Chime: Where are the people of Enugu?

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“Our lives begin to end the day we become silent about things that matter”

—Martin Luther King, Jnr.

 It should be of utmost concern to the indigenes of Enugu State that the peaceful state   is gradually drifting into a state of anarchy, following the intrigues playing out on the whereabouts of the state governor, Sullivan Chime. It is obvious now that the absence of Governor Chime for more than four months has truncated the political hierarchy of the state, thereby turning Enugu  into a motionless and ungoverned state! Unfortunately, the people of the state have been pretending that all is well, while on the contrary, the state  is sitting on  the keg of gun powder!

Lagos light rail’ll be ready in June – Babatunde Fashola

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The Lagos State Governor Babatunde Fashola on Tuesday said the first phase of the state Blue Light Rail project would be completed by June this year(2013). He expressed confidence that Lagosians would start enjoying the services of the lrail project immediately.  The first phase would run from Marina and terminated at Okokomaiko area in Ojo Local Government. Fashola spoke during an inspection of ongoing projects in the state which took him and his cabinet members to Orile-Iganmu, Alimosho and Ejigbo areas among others to assess the level of works being done by contractors.

Asari Dokubo Adopts Benin Republic, Dumps Nigerian Citizenship

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Notorious for his role as a Militant commander in the Niger Delta who led his army of well armed youths against the Nigerian state and made even more famous recently for his volte face in supporting his benefactor, Goodluck Jonathan, Mujahid Asari Dokubo has taking his tantrums to a whole new level by denouncing his Nigerian citizenship. 

According to him, “In protest against the inability of Nigeria to grant IJAW REPUBLIC, I have relocated my corporate investments to Benin Republic. Benin is my adopted homeland today”.

Jonathan Attacks Obasanjo Again, Calls Him Confused And Unstable

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President Goodluck Jonathan has again lashed out at ex-President Olusegun Obasanjo, describing him as a confused man unstable in his views regarding government’s handing of the protracted Boko Haram insurgency.Mr. Jonathan, who spoke through his spokesperson, Reuben Abati, was reacting to Mr.  Obasanjo’s comment in a CNN  interview that the president had been deploying excessive force and exploring little or no dialogue in solving the Boko Haram problem.

Three injured in Lagos, Ogun accidents

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Three persons sustained varying degree of injuries in separate auto accidents that occurred between Monday night and Tuesday in Ibafo area of Lagos-Ibadan Expressway, Ogun State and Maryland, Lagos respectively. In the accident that occurred on Tuesday at the Maryland end of Ikorodu Road, an official of the Nigerian Security and Civil Defence Corps and an unidentified person were injured after four vehicles were involved in an accident.

PHOTOS: Senegal Women Tattoo Their Gums To Improve Their Smile

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Women in Senegal are taking their quest for beautiful smiles to extreme levels - by tattooing their gums black.Women in the west African country say their ancestors have been doing it for years and claim as well as giving a whiter smile, the procedure also protects the gums and stops bad breath. The procedure was not well known internationally until recently when a video emerged showing a woman called Mariéme who goes under the needle.

Catholic Priest, Teacher Face Trial For Raping 10-Year-Old Alter Boy

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Jury selection began Monday in the trial of a Roman Catholic priest and a former Catholic school teacher charged with sexually assaulting a former altar boy.

Four jurors were chosen on the first day of jury selection in the case against the Rev. Charles Engelhardt and Bernard Shero. The case had been spun off from last year's high-profile trial of a church official charged with helping the Philadelphia Archdiocese cover up abuse complaints. Engelhardt, 65, and Shero, 49, have pleaded not guilty to sexually assaulting the boy in the late 1990s.

Student Finds 'Wrinkled Brain' Inside KFC Chicken (Photo)

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The first certifiably gross item we've heard about this year comes courtesy of Ibrahim Langoo, a 19-year-old student who found what he described as a "wrinkled brain" inside a fried piece KFC chicken at a location in Colchester, Essex in the U.K. According to the Sun, Langoo was attempting to pull the chicken meal from the bone when he found a "horrible wrinkled body" inside:

My Wife Died Because Her Jehovah Witness Family Refused Blood Transfusion- Husband

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A police corporal assigned to the Wuse Zone 3 Police Division, Abuja, died on Monday at the National Hospital after rejecting blood transfusion.The husband of the deceased, Emmanuel Timothy, said in an interview, that his wife, Grace, who was a member of the Jehovah Witness, died because her family refused to consent to her having a blood transfusion.

Prophetess, Others Sell 2-Year-Old Boy For N.6m

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A female cleric with an undisclosed Pentecostal church in Abia State, Prophetess Mrs. Ezelu (other name withheld),, is currently telling police detectives what she knows about the sale of a two-year-old boy that was recently rescued in Ondo State.

The female minister was among the three women and a man that were arrested and paraded by the Abia State Police Command for alleged conspiracy, kidnap and sale of a two-year-old baby boy, Master Prosper Light, from Abia State.

Bisi Komolafe's Brother Speaks"How She Initially Escaped Death

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According to a report, the brother of deceased actress Bisi Komolafe has spoken up on her fiancé, Tunde Ijaduola. According to her brother, Bisi Komolafe initially escaped death from her fiance’s current wife when she visited his house in Epe few months before her death. He also revealed how her fiancé squandered all the financial resources the actress labored for and how he forced her to stop her house project in Ibadan.

Ondo Poll: Akeredolu Challenges Mimiko With 46 Lawyers

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The Ondo State Chapter of the Action Congress of Nigeria, ACN, and its Governorship Candidate, Oluwarotimi Akeredolu, have presented 46 lawyers that will prosecute their petitions against Governor Olusegun Mimiko at the Governorship Election Tribunal.

The legal team, headed by Akin Olujinmi, has concluded its physical inspection of the documents used by Independent National Electoral Commission, INEC, to conduct the October 20 Governorship Poll. The findings are expected to be used at the trial of the case.

Pres. Jonathan pays close to N1b in ‘severance’ to Yar'Adua family

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The presidency has paid nearly N1billion to the family of late President Umaru Yar'Adua, according to an official memo obtained by SaharaReporters.  The slush funds were routed through the Katsina state government, the home state of the former president.The payment includes about N150 million to Mrs. Turai Yar'adua, as well as the late president's aged mother, his married daughters, and sons.

Nigerian man stabbed to death by his South African wife

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Nigerian man, Tony Rholand  (pictured above on the right) was stabbed to death by his South African wife, Lungi, at their home in Willims town, Cape Town, South Africa on Tuesday January 1st. The couple, who have a kid together, got into an argument in the early hours of January 1st and before anyone could stop it, Lungi stabbed Tony severally in the stomach. Tony died in the hospital a few hours later. Lungi has been arrested. 

Video: Explosive confrontation between Piers Morgan & the guy that wants him deported

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Mercedes Benz SUV, Range Rover Sport seized as EFCC arrest 8 over internet scam

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25 year old Hope Olusegun, and seven of his mates were arrested in December 2012 at the 1004 Housing Estate by the Economic and Financial Crimes Commission over allegations of fraud and internet scam.

The 'Yahoo Boys' who have been operating for quite a while lived a lavish lifestyle, bought the most expensive cars and showed off at every opportunity they got. One of the undergraduates, Hope Olusegun (pictured above) an indigene of Okene, Kogi State, had a Mercedes Benz SUV, and a 4Matic Mercedes Benz car and before he was arrested, he bought a Toyota Camry for his one year old son.

Yes, that's what they did with other people's money. Fortunately some residents at the estate alerted the EFCC about their activities. Continue Reading After The Jump Break..

2 Pastors Jailed Ten Years Over N1 Billion Deposit Scam

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A Nigerian High Court has sentenced two ‘men of God’, Pastor Glory Abrefera and Reverend Vincent Okpogo to 10 years imprisonment each over a N1 billion deposit scam.

Justice Ibrahim Buba of the Federal High Court in Asaba, capital of Delta state, found the duo and their company, Mustard Seed Micro Investment Limited guilty on a four count charge of carrying out banking practice without licence.

The accused persons were said to have collected over N1 billion from different individuals and organizations as deposits in an illegal banking practice.

They have also failed to account for all the deposits they collected.

R.I.P: Late Dele Giwa's mum dies at 87

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Madam Elekiya Ayisat Giwa died in the early hours of this morning Tuesday January 8th at Aruna Ogun Hospital, Ikorodu, Lagos after a brief illness. She was 87.  Dele Giwa was the late Editor in Chief of Newswatch magazine who was assassinated with a parcel bomb on October 19, 1986.