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Tuesday, August 23, 2016

US$217.7 Billion Illegally Transferred Out of Nigeria



US$217.7 Billion Illegally Transferred Out of Nigeria

 Africa: Cleaning Up
~ By William Gumede
What is the extent of corruption in Africa? The recent Global Corruption Barometer shows that 12 of the 13 countries with the worst record of bribery are in Africa. The African Union estimates that 25% of the GDP of African states, or some $148 billion, is lost to corruption every year on the continent.
  • The African Development Bank (AfDB) estimates corruption costs Africa up to 50% in lost tax revenues and over $30 billion in aid, annually. As a comparison, Africa receives around $22.5 billion in development aid from industrial countries (pre-2007/2008 global financial crisis figures), according to the Organization for European Economic Cooperation and Development (OECD).
  • In many African countries local and foreign private donors fund governing parties in return for favourable policies, subverting regulations and the drive toward efficient privatisation. This stymies development. Developed countries also contribute to the situation by harbouring the proceeds of corruption in Africa in secret bank accounts.
  • Africa is losing $50 billion every year in illicit financial outflows because of fraudulent schemes to avoid or evade taxes by governments and companies, according to the UN Economic Commission for Africa (UNECA). According to the report, the continent lost $850 billion between 1978 and 2008. Some $217.7 billion was illegally transferred out of Nigeria, $105.2 billion out of Egypt and $81.8 billion out of South Africa.
  • Separate data provided by Global Financial Integrity has shown that South Africa loses annually about $12.2 billion in illicit outflows. That loss could easily plug South Africa's fiscal deficit. Former South African President Thabo Mbeki, who chairs UNECA said: "The information available to us has convinced our panel that large commercial corporations are by far the biggest culprits of illicit outflows, followed by organised crime".  
Click here to read the full report

Source AllAfrica

Don't Blame President Muhammadu Buhari for Economic Hardship in Nigeria


Don't Blame President Muhammadu Buhari for Economic Hardship in Nigeria

Many ignorant and poorly educated Nigerians have been calling President Muhammadu Buhari all sorts of derogatory names, cursing and swearing as they blame him for the current economic hardship majority of people are suffering in Nigeria. But unknown to them, the current recession is a global development that is affecting all the continents and in fact Nigerians should be thanking God, because the hardship would have been worse.
Nigeria is not even among the worst economic performers and not among the top ten most affected countries in the world and they include mighty Japan, Italy, Taiwan and Ireland without even mentioning the weeping baby of Europe, Greece.

US Secretary of State, John Kerry currently visiting Nigeria knows that America is also facing economic challenges and will discuss the global recession with President Buhari.

According Bloomberg:
Oil-rich Venezuela will contract by 3.3 percent this year, the worst forecast of any of the 93 countries in our analysis, followed by junk-rated Brazil, debt-laden Greece and commodities-ravaged Russia. 



http://www.bloomberg.com/news/articles/2016-01-11/meet-2016-s-worst-economic-performers-flirting-with-disaster


~ By  Ekenyerengozi Michael Chima
https://www.amazon.com/author/ekenyerengozimichaelchima
https://twitter.com/247nigeria


Click here to order for copies
List Price: $38.20 
New Price: $34.38 
You Save: $3.82 ( 10% ) 

The Victory of Muhammadu Buhari and the Nigerian Dream: My Testimony on the 2015 Presidential Election is an important chronicle of the 2015 presidential election in Nigeria and the principal actors in the emergence of the first Nigerian presidential candidate to defeat an incumbent President in the political history of Nigeria.

Monday, August 22, 2016

Nigeria: With Thousands in Urgent Need, UN Health Agency Scales Up Emergency Response

On 12 August 2016 internally displaced children waiting for ready-to-use therapeutic food (RUTF) distribution in Banki IDP camp, Borno state, northeast Nigeria. Photo: UNICEF/Andrew Esiebo.

Nigeria: With thousands in urgent need, UN health agency scales up emergency response

NEW YORK, 22 August 2016 / PRN Africa / -- The United Nations World Health Organization (WHO) is ramping up its response in north-eastern Nigeria, where initial assessments have revealed urgent health problems among populations in areas formerly held by Boko Haram insurgents.

Watch Full Movie:AFRICA SPEAKS, The Strangest Romance Of Colonial Africa


 
Published on Aug 21, 2016
Explorer Paul Hoefler leads a safari into central Africa and what was then called the Belgian Congo, in the regions inhabited by the Wassara and the famous Ubangi tribes.
Director:
Walter Futter
Writer:
Walter Futter
Stars:
Harald Austin, Paul L. Hoefler, Lowell Thomas |



Presented By Screen Naija, the entertainment channel of Nigerians for the world.

Facebook Partners With She Leads Africa in Support of Female African Entrepreneurs


PRESS RELEASE

Facebook Partnered With She Leads Africa in Support of Female African Entrepreneurs
  •          Initiative to encourage women across the continent to start their own businesses and help drive prosperity for their countries
  •         SheHive will also be moving on to Johannesburg and Lagos 2016

Sunday, August 21, 2016

Screen Naija Presents "AFRICA SPEAKS: The Strangest Romance of Colonial Africa"


Screen Naija Presents "AFRICA SPEAKS: The Strangest Romance of Colonial Africa" 


Africa Speaks
by Walter Futter

Published 1930
adventure, documentary

Explorer Paul Hoefler leads a safari into central Africa and what was then called the Belgian Congo, in the regions inhabited by the Wassara and the famous Ubangi tribes.
Director:
Walter Futter
Writer:
Walter Futter
Stars:
Harald Austin, Paul L. Hoefler, Lowell Thomas |

Saturday, August 20, 2016

International Committee of the Red Cross' Documentary On Biafra Now Released


International Committee of the Red Cross' Documentary On Biafra Now Released 


International Committee of the Red Cross (ICRC) historian Daniel Palmieri describes the humanitarian situation between 1966-1975, focusing on the Nigeria-Biafra War. 

The ICRC Archives have been opened to the public for the first time. 
This is the first time this documentary on Biafra will be shared on a Nigerian website. 
I witnessed and survived the Biafran war as a refugee child, but my mother of blessed memory Mrs. Gladys Eke lost three of her six children who were among the hundreds of thousands of unfortunate Igbo children who died from Kwashiorkor in Biafra.

I dedicate this to the memories of all the heroes and heroines of Biafra.

Why All Muslims Must Be United Against Boko Haram and ISIS



Muslims all over the world must not be afraid to speak out against terrorism and be united to fight Boko Haram, (Group of the People of Sunnah for Preaching and Jihad) and the Islamic State of Iraq and Syria (ISIS), because the founder of Islam, Prophet Muḥammad (PBUH) prohibited killing women and children and would not support the suicide bomb attacks on innocent people. 

Muslims who refuse to attack Boko Haram and ISIS are enemies of Islam. 

The Victory of Muhammadu Buhari and the Nigerian Dream: My Testimony on the 2015 Presidential Election By Michael Chima Ekenyerengozi

List Price: $38.20
New Price: $34.38
You Save: $3.82 ( 10% )

The Victory of Muhammadu Buhari and the Nigerian Dream: My Testimony on the 2015 Presidential Election is an important chronicle of the 2015 presidential election in Nigeria and the principal actors in the emergence of the first Nigerian presidential candidate to defeat an incumbent President in the political history of Nigeria.  
Click here to order Kindle Edition on Amazon

Gentlemen, I Have Just Been Informed That There Is Going To Be A Coup Tonight


Photo: Major General Johnson Thomas Umunnakwe Aguiyi-Ironsi (3 March 1924 – 29 July 1966) and other senior military officers before his overthrow in a military coup. 

 Lt. Col. Okonweze, therefore, called a meeting in the mess of all available officers (Igbo and non-Igbo) at the Abeokuta Garrison where he made the following announcement:

"Gentlemen, I have just been informed that there is going to be a coup tonight. Anyone of you who knows anything about the coup should please tell us. You may know the beginning but you never know the end. I am not ambitious. My only ambition is to become a full Colonel. If you know anything, please let me know; I am not going to report anyone. What we are going to do is to avoid what happened in January where officers were taken unawares. We are going to wake up all soldiers, ask them to go to the armoury to get issued with arms and ammunition. "

~ From Operation Aure (2): Planning to Overthrow General Ironsi By Nowa Omoigui.
http://www.gamji.com/nowa/nowa26.htm



The Victory of Muhammadu Buhari and the Nigerian Dream is still the best book on the 2015 presidential election in full colour with more than 80 photographs.
https://www.amazon.com/author/ekenyerengozimichaelchima


Friday, August 19, 2016

Google To Train 2 Million Android Developers in Partnership with 30 Universities


"As per the new plan of Google, we will train two million Android developers in partnership with 30 universities. This will be done over the time period of next three years. For me, getting many developers in the workforce is that it is going to solve many new things." 
~ Google's Indian-origin CEO, Mr Sundar Pichai.
Salary US$150 million (2015)  
Net worth Increase US$1.05 billion (December 2015)