Author: Day Break
Imo Commissioner Willy Amadi Caught In Sex Scandal Tape
In the video which was seen by SaharaReporters, Amadi, a lawyer and Federal Commissioner, Imo State Office of the Public Complaint Commission, was seen videoing himself in the 12-second sex tape which captured his image and those of the girls, in an amorous sex position.
A leaked video has allegedly shown an appointee of President Muhammadu Buhari, Chief Willie Amadi, in a room with two girls making out.
In the video which was seen by SaharaReporters, Amadi, a lawyer and Federal Commissioner, Imo State Office of the Public Complaint Commission, was seen videoing himself in the 12-second sex tape which captured his image and those of the girls, in an amorous sex position.
Sources told our correspondent that the video first leaked on WhatsApp before it was later uploaded on YouTube last Saturday.
However, a search on Tuesday morning showed that YouTube had removed the video for having violated its ‘Terms of Service’.
Calls put across to Amadi were not answered and a text message sent to him was also not replied.
Instagram Deletes Tunde Ednut’s Page Again After Hitting 1M Followers In 3 Days
Instagram delete tunde ednut page for the second time after hitting 1million followings in 3days
This is after he gave out one million naira yesterday to a lucky fan
Double wahala
We are not sure what could have caused this but I guess village people or too many followings in a very short time
Or it’s could be instagram haven’t forgiven him yet, if donald trump can be blocked then nobody is above blocking at any blocking time
This was coming after mrmacaroni told him to be humble and mind how he talk to people instead tunde blocked him and deleted the video he made for him
Osinbajo commended On Promotion Of Tech Opportunities For Youths
Nigerians have commended Vice President Yemi Osinbajo on his contributions to the promotion of tech opportunities for the Nigerian youth.
The global technology giants – Google Inc., HUAWEI, and top social networking companies, Facebook, Microsoft Corporation, had disclosed plans to partner with the Federal Government for the benefit of the Nigerian people, especially young people.
Vice President Osinbajo, who embraced the initiative had noted in a virtual meeting with Microsoft Corporation team led by its President, Brad Smith that the company’s interest in supporting the efforts of the Federal Government is a welcome development and could be leveraged to address issues affecting the youths especially in engaging them productively.
Earlier before their latest meeting, VP Osinbajo, had invited Facebook CEO, Mark Zuckerberg to Nigeria, which culminated in Zuckerberg’s first trip to Sub-Saharan Africa when he arrived Lagos, Nigeria on August 2016.
While in Nigeria, Zuckerberg visited Abuja to attend Aso Villa Demo Day (AVDD), organised by the Nigerian federal government, while he also visited Co-Creation Hub (CcHUB) and Andela, where he held a town hall meeting with entrepreneurs and developers in Lagos.
FG Spent ₦6.46 Trillion On Debt Servicing, Personnel In 2020
The Federal Government spent a total of N6.46tn on debt servicing and workers in 2020, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said.
She also disclosed that the government released a total of N1.8tn for capital projects within the year. She noted that out of this, up to N118.37bn was released for COVID-19 capital expenditure.
Ahmed spoke virtually while presenting the 2021 Federal Government approved budget.
Providing updates on the 2020 budget implementation, the minister stated that as at year end 2020, the Federal Government’s retained revenue was N3.94tn, 73 per cent of target.
She said the Federal Government’s share of oil revenues was N1.52tn, representing 157 per cent performance, over and above the prorated sum in the revised 2020 budget, while non-oil tax revenues totaled N1.28tn, 79 per cent of revised target.
On the expenditure side, she said N9.97tn was appropriated, excluding GOEs and project-tied loans, while N10.08tn representing 101 per cent was spent.
Ahmed said, “Of the expenditure, N3.27tn was for debt service and N3.19tn for personnel cost, including pensions.
“As at year end 2020, N1.80tn had been released for capital expenditure, that is, about 89 per cent of the provision for capital.”
She said the Nigerian economy was becoming less dependent on oil, as contributions from the oil sector in funding the 2021 budget would be just 30 per cent.
Ahmed said the bulk of the funding sources for the 2021 budget, 70 per cent, would come from the non-oil sector.
Providing an overview of the revenue framework for 2021, the minister said the aggregate revenue available to fund the 2021 budget was projected at N7.99tn, 36.9 per cent higher than the 2020 projection of N5.84tn.She noted that to promote fiscal transparency, accountability and comprehensiveness, the budgets of 60 government-owned enterprises were integrated in the Federal Government’s 2021 budget proposal.
Ahmed said, “In aggregate, 30 per cent of projected revenues is to come from oil-related sources, while 70 per cent is to be earned from non-oil sources.
“This, therefore, shows that the Nigerian economy is gradually becoming less dependent on oil. Overall, the size of the budget has been constrained by our relatively low revenues.”
Ahmed, however, pointed out that going by the contributions of the non-oil sector to the funding of national budgets, the economy was systematically moving away from heavy dependence on oil earnings.
She stated that overall budget deficit was N5.6tn for 2021, representing 3.39 per cent of Gross Domestic Product.
The minister explained that the budget deficit would be financed mainly by borrowings, as N2.34tn would be borrowed from domestic and foreign sources each, N709.69bn from multilateral and bilateral loan drawdowns, while privatisation proceeds would provide N205.15bn.
On the expenditure framework, she stated that the 2021 aggregate expenditure, inclusive of GOEs and project-tied loans, was projected to be N13.59tn, which was 25.7 per cent higher than the revised 2020 budget.
Ahmed said, “Recurrent (non-debt) spending, estimated to amount to N5.99tn, is 44.1 per cent of total expenditure, and 13.3 per cent higher than 2020 revised estimates (mainly reflecting increases in salaries and pensions).
“Aggregate capital expenditure of N4.37tn is 32.2 per cent of total expenditure; and 62.9 per cent higher than the 2020 revised budget (inclusive of capital component of statutory transfers, GOEs capital and project-tied loans expenditures).”
The minister stated that at N3.32tn, debt service was 24.5 per cent of total expenditure, and 12.6 per cent higher than 2020 revised budget.
She said the provision to retire maturing bonds to local contractors/suppliers of N200bn was 1.68 per cent of total expenditure
Crude oil price benchmark was retained at $40 per barrel in the 2021 budget, while crude oil production was projected to increase from 1.8 million barrels per day in 2020 to 1.86mbpd in 2021, as economies recover from recession, and moderated by OPEC+ quota agreements.
“Although Nigeria’s total production capacity is 2.5mbpd, current crude production is about 1.7mbpd, including about 300,000bpd of condensates, which indicates compliance with OPEC quota,” Ahmed said.
She said oil GDP was projected to rise by 16.23 per cent in 2021, year-on-year, resulting in about 1.1 per cent increase in non-oil GDP, adding that based on this, real GDP was expected to rise by three per cent in 2021.
The minister further stated that nominal GDP was expected to increase from N139.52tn in 2020 to N142.69tn in 2021 and then up to N151.46tn in 2023.
“Similarly, consumption expenditure is projected to rise from N117.91tn in 2020 to N118.89tn in 2021, reflecting gradual economic recovery,” Ahmed said.
She added, “Inflation is expected to remain above single digit in 2021, given structural issues impacting cost of doing business, including high food distribution cost.”
She also noted that improving the tax administration framework to optimise government revenue was a major thrust of the administration’s Strategic Revenue Growth Initiatives.
Lionel Messi Named Best Playmaker Of The Last Decade
According to The International Federation of Football History & Statistics (IFFHS), Leo Messi is the best playmaker of the last decade.
Herdsman Kills Osun Farmer, Youths Storm Fulani Settlement
A yet to be identified Fulani herdsman on Tuesday reportedly hacked a farmer in Ijabe, Osun State, identified as Ridwan, to death.
Ridwan was said to be working on his farm at Bole village along Iba Road when the herdsman attacked him.
A source in Ijabe town told our correspondent that Ridwan had misunderstanding with the herdsman that killed him sometime last year.
The source said the deceased had accused the herdsman of grazing his cattle on his farm, adding that the duo had a frosty relationship since the incident happened.
He said, “After the Fulani man had perpetrated the act, and the news of the attack filtered into town, some residents mobilised to the settlement of the Fulani herders and seized three people, including the man accused of committing the crime.
“The three people were beaten to a pulp and were later handed over to the police in Okuku division.”When contacted, spokesperson for the Osun Police Command, Yemisi Opalola, asked for more time before reaction.
Air fares to drop following VAT removal
Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The suspension of VAT from air fares took effect from January 1, 2021, as part of incentives contained in the Finance Act 2020.
Airline operators told OUR REPORTER yesterday that they have received the directive on VAT removal from the government, but they are waiting for the Federal Inland Revenue Service (FIRS) to implement the directive before the low fares regime comes into operation.
Investigations have shown that fares that were around N90, 000 for a one-way trip on some routes, could come down to as low as N27, 500.
Possible reduction, an operator hinted, would take effect in the weeks ahead after airlines have enjoyed the huge passenger traffic on the return leg for the end of year festivities.
Spokesman of Dana Air, Kingsley Ezenwa said airlines were excited over the suspension of VAT, which he said should occasion considerable reduction in air fares.
Another airline official who pleaded anonymity however, said substantial reduction in air fares might not be realisable because even with the suspension of 7.5 per cent VAT on fares, airlines were still grappling with oscillating exchange rate as the airport authority moves to increase Passenger Service Charge (PSC).
Currently, airlines are charging from N27,500 to N38,800 on the Lagos-Abuja route. Airlines are also charging from N27,500 to N42,000 on the Abuja-Lagos route.
On the Lagos-Owerri route, airlines charge from N27, 500 to N33,000. Return fares on Owerri-Lagos route goes for between N60,000 and N90,000.
On the Lagos-Port Harcourt route, fares are going for between N42,000 and N80,000.
On the Lagos-Kano route, airlines range from N29,900 N35, 700; N42,000.
Operators, however, expressed divergent views on how the removal of 7.5 percent VAT, hitherto factored into domestic airfares, would affect their operations.
They said though the removal of VAT could bring about considerable reduction of airfares, it was a step taken too late after two years of agitation by the Airline Operators of Nigeria (AON), the umbrella body of local carriers.
In 2018, the government had suspended five per cent charges on imported commercial aircraft and spare parts through an executive order but, the FIRS claimed to be unaware of such a directive, hence it was never implemented leaving airlines confused on the pronouncement.
In an interview at the weekend, Chairman of West Link Airlines Captain Ibrahim Mshelia, however, said the suspension of VAT was a good development for domestic carriers.
“If implemented, the removal of Value Added Tax will ease, standardise and harmonise our system with international best practices. It is a good move in the right direction,” Mshelia said.
Chief Operating Officer, Dana Air, Obi Mbanuzor said Dana Air said: “We are happy about the removal which we feel should naturally reflect on fares and possibly bring it down but with the inflation of other aspects of the chain like dollar rate this might not be possible. We know the government has no control over this but it is a major concern,” Mbanuzor said.
He noted that with all the other extraneous costs being borne by airlines, the adjustment to air fare may be minimal.
“So we are not saying it won’t affect but might be slight because other factors are still springing up and it’s a chain. Policy! Policy! Policy! Will impact the airlines better but this is also appreciated. One step at a time and this is one very good step at getting it right,” Mbanuzor said.
Head, Research, Zenith Travels, Olumide Ohunayo added: “I’m happy to see the implementation of the VAT because in the first place, the airlines were putting it on the ticket and oftentimes as in Virgin Nigeria case, they will not be remitted to the Federal Government and this amount was put on tickets and taken from passengers.
“The fares were loaded with security, fuel surcharge and other charges. I don’t expect much difference in the ticket prices those were the hidden charges airlines benefited from and now it is gone. We expect that airlines should be able to issue tickets stating clearly the fare and what the other charges are; it should not be hidden anymore so we can have some progress in the fare structure,” Ohunayo said.
Singer Mr Eazi joined Stingy Men Association of Nigeria
Singer Mr Eazi has joined Mavin Records boss Don Jazzy in the Stingy Men Association of Nigeria, Igbere TV reports.
Mr Eazi, 29, shared a picture of his identification (ID) card in an Instagram post on Monday.
He said he someone sent his ID card to him and he is happy to be a member.
According to his ID card, he is the brand ambassador for Accra, Ghana to Lagos.
The Stingy Men Association trended on Monday after Don Jazzy shared his ID card of social media.
Several other men on Twitter have followed suit in acquiring their ID cards.
