Month: March 2018

MMM founder Sergei Mavrodi dies of heart attack

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Sergei Mavrodi, a Russian businessman whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the 62-year-old was rushed to the hospital late on March 25 with pain in his chest and died several hours later. Mavrodi’s MMM financial pyramid was a typical Ponzi scheme in which earlier investors receive their profits from subsequent investors. Mavrodi promised returns of 20 percent to 75 percent a month, as well as lotteries and bonuses for investors.…

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2019: PDP bad news, APC poisonous – UPP

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The United Progressives Party, UPP, has reacted to the apology made to Nigerians by the Peoples Democratic Party, PDP. UPP in a statement by its National Chairman, Chekwas Okorie, noted that it was too late for the PDP to ask for forgiveness from Nigerians or plan a comeback. He advised Nigerians to listen to a former Minster of Education, Dr. Oby Ezekwesili, adding that it was only her that was seeing correctly at the moment. Okorie said that Nigerians had no choice when it voted the PDP out because “to allow…

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House of Representatives asks NIPC to return unremitted N477 million

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The House of Representatives Committee on Public Accounts has asked the Executive Secretary of Nigerian Import Promotion Council (NIPC), Yewande Sadiku, to return to the coffers of the federal government, an unremitted N477 million. The funds are part of Internally Generated Revenue by the agency between 2013 and 2014, meant to be sent to the Consolidated Revenue Fund. The committee also called on the EFCC to immediately persecute the officers involved. This development was based on an Auditor-General to the Federation’ (AuGF) query in 2013. The lawmakers during an interactive…

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Tokyo, Hong Kong bounce back in mixed day for Asia markets

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Tokyo and Hong Kong recovered from early losses on a mixed day for Asian markets but traders remain on edge over Donald Trump’s controversial tariffs, which had fanned fears of a trade war that could hammer the global economy. The US move to impose $60 billion in levies on China — claiming the country is breaching intellectual property rights — sparked a rout of equities across the world, while Beijing warned it was “not afraid of a trade war”. US Treasury Secretary Steve Mnuchin said at the weekend that Trump…

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The budget and education: Bill Gates to the rescue?

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One of the richest men in the world and a very good friend of Nigeria, Microsoft co-founder, Bill Gates, at a recent meeting of the National Economic Council last week, revived an old debate about funding and investments in the social sector, notably, Nigeria’s investments in education and health care. The issue he raised was about balancing investments in physical infrastructure and human development so as to achieve optimum societal development. Gates stated that “the Nigerian government’s Economic Recovery and Growth Plan identifies investing in the people as one of…

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Ex-President Jonathan: Enemies plotting to discredit me

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A former President, Goodluck Jonathan, said on Sunday that some individuals are making frantic efforts to malign his personality, insisting that his democratic ideals remain strong as ever. “It has been brought to my attention that while I am away promoting democracy in Sierra Leone, a campaign will be unleashed against me to falsely impugn my name using both faceless and identified persons,” Mr. Jonathan said in Facebook update shortly after 10:00 p.m. The former president is gearing up to supervise the second-round of voting in the Sierra Leone presidential…

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Omokri speaks on ‘attack on Bill Gates, Obasanjo, IBB, Danjuma’ by Buhari govt

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Reno Omokri, a former presidential assistant on new media, has described the Buhari government as ‘pathetic’. He stated this in a statement on Monday. Omokri wondered why the current administration usually condemned and demonized those who criticized its actions, programmes and policies. He also listed names of those the Buhari government had ‘attacked’ in recent times because of their position on economy, security and other issues. He wrote: “President Jonathan’s administration has the enviable record of advancing Nigeria’s anti corruption war and delivered results to the point where we made…

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Finally, Dino Melaye meets his nemesis

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The name Dino Melaye, or simply called, Dino, gained unparalleled and national attention when the man was in the House of Representatives. It is a name that became associated with brigandage, rascality and unimaginable notoriety. Indeed, mischief could be said to be another word you could never dismiss each time the name is mentioned. Of course, those who were with him in the Ahmed Bello University (ABU), Zaria where he was mainly regarded and treated as a “hired thug” knew the heights the man could go to achieve his objective.…

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Blessing Okagbare breaks 22-year-old record

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Blessing Okagbare-Ighoteghonor made a big comeback at the weekend with an impressive 22.04seconds run at the 2018 Wes Kittley Invitational in Texas. Her feat has erased the 200m women African record held by Mary Onyali-Omagbemi since August 1996. Okagbare-Ighoteghonor, who spent most of last season nursing an injury after going under the knife, became the undisputed Nigerian fastest woman having the 10.79seconds women 100m national record under her belt. The athlete will remain in Texas to have a go at the 100m and it remains to be seen if she…

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Worldwide Prostate Cancer Market Propelling 10.5% Growth of Oncology Drugs, Industry Growth Key Factors Analysis and Forecasts by 2027

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The Global Prostate Cancer Market is expected to grow with a CAGR of approximately 10.5% during the forecast period from 2017-2027. prostate cancer is a disease of the prostate gland. These glands are responsible for the production and secretion of prostate fluid as a component of semen in addition to that it also acts as a regulator of urine control in men. International Prostate Cancer Market Business Overview: As per a survey conducted by the American Cancer Society, about 1 in 7 men are estimated to be diagnosed with prostate cancer during…

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