Ayeiroyin

The Nigerian Senate has stated that the ponzi investment scheme, MMM , is a pyramid that would soon collapse, warning Nigerians to be wary of the Russian originated investment model which involves directing clients to make money available for an anonymous person with a promise of 30 per cent return within one month . The Chairman , Senate Committee on Banking , Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibrahim and other members of the committee alerted Nigerians to the dangers of buying in to MMM , while speaking in an interview . According to Ibrahim , “ Any Financial institutions of any kind that is not under the regulation of a Regulator such as MMM is a pyramid that will soon collapse . We engaged the CBN and they have issued a statement in the recent past. So Nigeria should be wise and know that there is no free money any where. One wonders which investment can yield 30 % flat any where in the world . ” For Senator Gbolahan Dada , APC , Ogun West , ...

Nigeria youths have established toothpicks and pencils in Akure, the Ondo State capital, under the sponsorship of the National Directorate of Employment. The establishment, where over 250 graduates are currently working, is said to be the first of its kind across Africa. The local toothpicks production in country was said to have been conceived by a young graduate who convinced the management of the National Directorate of Employment that the product could be produced with bamboo stems. At the inauguration of the factory in Akure, the Acting Director-General of the NDE, Mr. Kunle Obayan, said the NDE’s sponsorship of the project was part of the agency’s effort towards complementing the micro-economic policies of the Federal Government, aimed at stimulating local production of goods. He explained that some young graduates approached the agency early this year with the proposal to set up the factory to produce toothpicks, adding that the agency accepted the proposal because it was p...

There is probabilities of an increase in electricity tariff being paid by residential consumers as the power distribution companies submit a proposal to raise the average energy charge to N105 per kilowatt-hour from the current rate of 22.8KWH if is  approved by the Government. The increasement is coming less than eight months after about 45 per cent increase in tariff was imposed on electricity consumers nationwide. The electricity firm attributed their latest push for tariff increase to high inflation rate, scarcity of foreign exchange, devaluation of the naira and the huge debts being owed them.   The Distribution companies said they had hinted the Nigerian Electricity Regulatory Commission on the proposal but no action had been taken towards it. The Association of Nigerian Electricity Distributors C hief Executive Officer,  an umbrella body for the Discos, Mr. Azu Obiaya,  who is the Chief Executive Officer. C onfirmed the latest agitation for ta...

His royal highness the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi,who was  born October 17, 1974. Is  a Nigerian accountant  and the 51st Ooni  of Ife.  He succeeded the late Oba  Okunade Sijuwade  who died on July 28, 2015.  Is  a joyous man. His joy is thickset like an almond tree, whose boughs are bent and twisted with luscious fruit. Ooni Ogunwusi is indeed full of bliss and gratitude as he celebrate his 42 birthday. The tall and handsome monarch having reduced his travels up and down, the celebration was done in a lowkey tone in his house . The humble, peace-loving and forward thinking king celebrated with his subjects as well-wishers from home and abroad trooped in to show him respect which all says it deserves. Though there wasn’t much publicity of the event, it was gathered that the Ife monarch hosted a little reception for guests in his palace. He further displayed rare humility as he chose to trek from...

Actress Carey Mulligan join the protesters who left teddy bears outside the gates of Downing Street in protest at the continuous deadly attacks on Aleppo . About hundreds gathered in London's Whitehall to call the attention of the Government to do more to put an end to the civilian deaths in the Syrian conflict. The teddy bears represented the thousands of children trapped in rebel-held eastern areas of the city. The Syrian government regime recently stepped up attacks, with civilians being pulled dead from the rubble after numerous devastating barrel bombings. Heavy clashes between regime and rebel forces followed the end of a humanitarian pause in the Aleppo on Saturday night, according to the UK-based Syrian Observatory for Human Rights. During the protest in central London, demonstrators wore "Save Aleppo" t-shirts and some carried signs urging "No bomb zone now." Calls for action ranged from a no-fly zone to m...

Prince E heneden Erediauwa, the  Crown Prince of Benin Kingdom as the 39th Oba of Benin Kingdom and  70th ruler in the Ogiso dynasty,   on Thursday at the Usama Palace ground. Erediauwa is ascending the 836-year-old throne of his ancestors which is the oldest and one of the most revered in Nigeria Prince was crowned by the Usama N’ Ihiron also known as the Edion led by Chief Oliha. The crowning was done privately inside the Usama Palace, a temporary building erected for the coronation ceremony. The coronation ceremony was performed in the inner chambers,  He had been crowned in the early hours of the day, about 2.00am  and came out of the Usama Palace at about 1.00pm. The  oba  appearance was greeted with a loud ovation from his subjects comprising different groups, societies, palace chiefs and women groups who trouped out to witness the historic occasion. Among those that present is Chief Omohor of Benin Kingdom, bearer of the ...

The Ogun state workers have commence an indefinite strike to press home their demands over on unpaid deductions salary in the state. Alongside other demands, the industrial action is also target at putting an end to the contributory pension scheme which is one of the Bureau of State Pensions (BSP) responsibilities. When Channels Television visited the state government secretariat at Oke Mosan, Abeokuta, the state capital, it was The Secretary of the state Mr Taiwo Adeoluwa revealed that some workers ready to work while others relinquish their duty post. According to the Secretary to the State Government, he portray the action as illegal and uncalled for, saying that the government may bring up a ‘no work, no pay’ system as a punishment for the action. Mr Adeoluwa urge the workers to look things the way government is looking at it, meanwhile we all know the current economic status of the country, reiterate the fact that the government is interested in the welfare a...