Lagos State Government Seals Ikeja Shoprite

The Lagos state government has shutdown the popular retail store, Shoprite, at the ikeja shopping mall, for allegedly violating safety lawsof the state.We gathered that officials of the Lagos State Safety Commission stormed the mall and forcefully shutdown shoprite at 5:00pm on Friday (27th Thursday, 2015).The development left many shoppers confused as people were barred from entering as the doors were under lock and keys.A visit to Shoprite this evening confirmed the ugly incident, as crowd of people who had come to shop for the weekend were disappointed at the sudden turn of event.According to some shoppers, the shutdown may have been as a result of tax evasion by shoprite, while some insisted it's a safety issue.Some also described the action of the government as a possible 'witch-hunt' alleging that Shoprite officials might have declined to bribe the government agency.As at the time of filing this report, top management satff of the store are said to be in a meeting with officials of the Lagos State Safety Commission.

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EMIR OF KASTINA TELLS PRESIDENT BUHARI TO SIGN PEACE CORPS BILL

The Emir of Katsina, Abdulmumini Usman, has declared support for the Peace Corps bill passed by the National Assembly. The bill, which seeks to turn the Peace Corps, a non-government organisation, into a government paramilitary agency, has elicited mixed reactions from Nigerians. Proponents see it as an avenue to create jobs for thousands of youth while critics describe as a duplication of functions already being performed by existing agencies and creation of another bureaucracy at a time the country is finding it difficult to pay workers' salaries. The bill was opposed by existing military and security institutions in Nigeria and the Peace Corps leader Dickson Akoh is currently being prosecuted for alleged fraud. Apart from lawmakers, the bill is also supported by some prominent Nigerians including the Minister of Sports, Solomon Dalung, who also asked Mr. Buhari to sign to it. The News Agency of Nigeria reports that the Katsina emir made a similar call on the president on Thursda...

AKEREDOLU, KEKEMEKE AND OTHERS BID MRS FAGUNWA GOODBYE

CBN Says It Can’t Reverse The Ban On ATM Card Use Abroad

The decision of Deposit Money Banks, DMBs, to place a restriction on the use of ATM cards abroad by bank customers is due to scarcity of foreign exchange, the CBN has said.The CBN said although it sympathizes with Nigerians for the sufferings they are experiencing in carrying out transactions abroad, it can't reverse the decision of DMBs and the CBN is in support of it as it would assist in reducing the pressure on the Naira.The Director, Monetary Policy Department, CBN, Mr. Moses Tule, explained that the restriction might continue until Nigeria could increase its foreign exchange earnings. He said if banks had not taken the decision to restrict the use of the ATM cards abroad, some of them would current be experiencing challenges meeting the overseas demand of their customers.May GOD help Us.. AMEN!!!

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