Nigeria Owes Construction Companies N600 Billion

President, Federation of Construction Industry (FOCI), Solomon Ogunbusola, has said that the federal government owes the sum of N600billion to construction firms.

Ogunbusola said the situation has caused a delay in delivery of construction jobs across the federation and has ultimately put the construction industry in a very bad shape to the extent that construction companies are now being forced to sack employees due to their inability to cater for them.

“The Federal Ministry of Works alone is owing our members N500 billion and one company is owed over N70 billion. The records are there. We cannot keep quiet or hide any longer,” he said.

http://www.societyreelnews.com/nigeria-owes-construction-companies-n600-billion/

Revealed: How Lekan Osifeso Ruined Bulletin Boss, Fasal Harb …Now Cruises About Town With Armed Security Operatives Out Of Fear

Controversial business man and owner of Lekai Construction Company, Otunba Lekan Osifeso needs no introduction. His trademarks: snatching peoples’ wife, living off married women, negative business practices among others will make any right thinking person to keep him at arm’s length.

Among many who fell for his “sweet tongue” is connected business man at the helms of affairs of construction company, Bulletin- Mr Fasal Harb. Otunba Osifeso who used to be one of the directors of Stabilini, another construction coy owned by Mr. Harb break away to set up Lekai Construction.

http://www.societyreelnews.com/revealed-how-lekan-osifeso-ruined-bulletin-boss-fasal-harb-now-cruises-about-town-with-armed-security-operatives-out-of-fear/

Only Buhari Can See Nigeria Through The Woods – Gov. Ahmed

Kwara State Governor, Dr Abdulfatah Ahmed has said that President Muhammadu Buhari is Nigeria’s hope for progress and the change that is widely expected by all Nigerians.
The governor expressed these thoughts via a statement today after a meeting with the President, at the presidential Villa.
He said that the President possessed a unique temperament, disposition and candour despite the ‎prevailing challenges facing the country.
The governor also stated that Buhari has employed an inclusive governance in his administration, coupled with wide consultations and review of divergent views in sensitive issues.
http://www.societyreelnews.com/only-buhari-can-see-nigeria-through-the-woods-gov-ahmed/

Alleged Case Of Ungratefulness! CBN Top Shot, Bayo Adelabu Deserts Arisekola’s Family

A famous African adage says “An ungrateful man is like a Goat under a mango tree eating mangoes, but never looking up to see where they dropped from”. This means an ungrateful person forgets easily where its good fortunes come from. Such is the alleged case of ungratefulness that is present trailing Central bank deputy governor, Bayo Adelabu.
The CBN top shot’s dream to dump his suit and join politics with an ambition to become the Governor of Oyo state in 2019 is receiving its first threat judging from information of a face-off between the banker and the children of his godfather, late Aare Arisekola Alao.
A source revealed to a reliable online news portal, papermacheonline that some members of Arisekola’s family who were privy to how the late businessman molded Bayo’s career to become an Executive Director with the First Bank and later a Deputy-Governor with the CBN reached him for an undisclosed support which he failed to fulfill.
http://www.societyreelnews.com/alleged-case-of-ungratefulness-cbn-top-shot-bayo-adelabu-deserts-arisekolas-family/

Sound Sultan Hits Gold, Becomes Vice-Chairman Culture, Nigeria Olympic Committee 2016

Its celebration galore with Sound Sultan, Nigerian rapper, singer-songwriter, actor, comedian and recording artist as he clinched a federal appointment as Vice Chairman Culture Committee of the Nigerian Olympic Committee.

The artist joy knows no bound as he took to Tweeter, a social media platform, announcing his appointment.
He wrote: ‘Vice Chairman Culture Committee of the Nigerian Olympic Committee ‘I am as shocked as u ‘ but I need your support!! Let’s re awaken the Team Nigeria Spirit !! 2016 Olympics we won’t come Barren’

http://www.societyreelnews.com/sound-sultan-hits-gold-becomes-vice-chairman-culture-nigeria-olympic-committee-2016/

Healing Power Failed TB Joshua! 9yrs After Collapsing On Synagogue’s Altar, TB Joshua’s Aide, Mark Adu, Dies After Several Futile Deliverances

Report reaching societyreelnews has it that one of African richest pastor, T. B. Joshua, leader and founder of The Synagogue, Church of All Nations (SCOAN), has lost a loyalist, Mark Adu who served as Aide with him for several years.

The report as narrated by a frontline online news portal, www.societynowng.com :

Nine years after suffering from on and off illness that started after collapsing on the altar of Synagogue Church of All Nations (SCOAN)- Mark Adu is dead.
The deceased was a close aide and one of the much valued instrumentalists at the popular ministry headed by Prophet T.B. Joshua before his travails began.
According to findings, Adu had collapsed on the altar during one of the worship sessions. ‘he collapsed and became unconscious and was rushed to the hospital’ an insider divulged.

http://www.societyreelnews.com/healing-power-failed-tb-joshua-9yrs-after-collapsing-on-synagogues-altar-tb-joshuas-aide-mark-adu-dies-after-several-failed-deliverance/

Blackface Set For Court Over 2Face’s Alleged Theft Of Song, “Let Somebody Love You”

One of the most decorated and a successful Afro pop artist in Africa, Innocent Ujah Idibia aka 2face is presently enmeshed in copyright saga with a member of his defunct Plantashun Boys group, Blackface.

Information made available to societyreelnews revealed that in 2face latest album, The Ascension, a track titled “Let Somebody Love You” is claimed to be written by Austin Ahmedu aka Blackface. It was gathered that Blackface is set for the court requesting a royalty for his intellectual property that has been used by 2face without his consent.

http://www.societyreelnews.com/blackface-set-for-court-over-2faces-alleged-theft-of-song-let-somebody-love-you/

CBN Directs Banks To Publish Serial Debtors’ Names From Aug 1

The Central Bank of Nigeria (CBN) on Thursday directed all Deposit Money Banks (DMBs) operating in the country to commence the publication of the names of chronic debtors from August 1.

The Director, Banking Supervision Department, CBN, Mrs. Tokunbo Martins, stated this while briefing journalists shortly after the 322nd Bankers’ Committee meeting, which was held at the central bank’s headquarters in Abuja. She was accompanied to the briefing by the Managing Director, United Bank for Africa Plc, Mr. Phillips Odouza; Managing Director, Unity Bank Plc, Mr. Henry Semenitari; and Managing Director, Ecobank Plc, Mr. Jubril Aku.

http://www.societyreelnews.com/cbn-directs-banks-to-publish-serial-debtors-names-from-aug-1/

10 Richest Nigerian Comedians And Their Sources Of Wealth

Comedians are meant to be funny, right? Yes, the stand-up comedians dominating Nigeria’s humour business landscape are funny quite alright on stage, but very serious in business.

With assets running into billions of naira, they are light years apart from the past crops of old comedians who wait on people for meager rations of life.

They may look funny and unserious, but they are cavorting to the bank and living their dreams. Ali Baba, the father of stand-up comedians in Nigeria, aptly captured in words, the profitability of comedy business when he said: “comedy is a funny business, a very big business.”

After a careful study of the careers of these successful comedians, Showtime came to the conclusion that a number of them are outstanding. Here are the top 10 in this branch of entertainment in terms of their assets, the money they charge per show, the various products or corporate endorsements they did, and their established brands from which they make steady income.

http://www.societyreelnews.com/10-richest-nigerian-comedians-and-their-sources-of-wealth/

Gbajabiamila Disgraced, As Yakubu Dogara Emerges House Of Reps Speaker

Members of the House of Representatives have elected Yakubu Dogara, who represents Bogoro/ Tafawa Balewa federal constituency in Bauchi state, as the Speaker of the 8th Assembly.

Mr. Dogara defeated Femi Gbajabiamila, who represents Surulere federal constituency, Lagos state, in a keenly contested election.

Mr. Dogara scored 182 votes while Mr. Ggajabiamila polled 174.

Mr. Dogara is emerging the speaker against the wish of his party, the All Progressives Congress, APC, which had on Saturday conducted a mock election to choose Mr. Gbajabiamila as the party’s official candidate.

http://www.societyreelnews.com/gbajabiamila-disgraced-as-yakubu-dogara-emerges-house-of-reps-speaker/

Bukola Saraki Wins Senate Presidency Unopposed, Ike Ekweremadu Elected Deputy

Senator Bukola Saraki has been elected as the Senate President of the 8th National Assembly. He has been sworn in.

Saraki was elected unopposed even as its main rival Sen. Ahmad Lawan and his supporters were absent at the sitting.

Detail of what transpired at the session is yet unclear, the election of Saraki has put paid on the APC leadership decision to field Lawan as its sole candidate for the seat.

http://www.societyreelnews.com/bukola-saraki-wins-senate-presidency-unopposed-ike-ekweremadu-elected-deputy/