Facebook News With hits such as “Blueberry Hill” and “The Fat Man,” the Recording Academy Lifetime Achievement Award recipient played an integral role in popularizing rock and rollTim McPhateGRAMMYs Oct 25, 2017 – 9:19 am Fats Domino, the rock and roll pioneer behind classics such as “Ain’t That A Shame” and “Blueberry Hill,” died from natural causes on Oct. 24. He was 89 years old. Email With an influence on par with rock and roll forefathers such as Elvis Presley, Buddy Holly, Little Richard, Chuck Berry, and Jerry Lee Lewis, the New Orleans-born Antoine “Fats” Domino came to prominence in the 1950s on the strength of his patented boogie-woogie piano style, Creole-inflected voice and signature rhythms that fused elements of jazz and R&B.Domino landed 37 songs in the Top 40 on the Billboard Hot 100 throughout his career, including 11 that peaked inside the Top 10. Recording for Imperial Records, Domino cut many songs that are considered early rock and roll classics throughout the ’50s and ’60s, including “Ain’t That A Shame” (No. 10), “Blueberry Hill” (No. 2), “Blue Monday” (No. 5), “I’m Walkin’,” (No. 4) and “Walking To New Orleans” (No. 6). One of his final charting singles was a cover of the Beatles’ “Lady Madonna,” which hit the last position on the Billboard Hot 100 in 1968.The portly pianist influenced a variety of fellow musicians, such as Presley, Dave Bartholomew, Led Zeppelin, Cheap Trick, Randy Newman, Ricky Nelson, and Paul McCartney and John Lennon, among others. NETWORK ERRORCannot Contact ServerRELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO Oct 25, 2017 – 2:20 pm Recording Academy Remembers Fats Domino Fats Domino, 1928–2017 fats-domino-rock-and-roll-icon-dies Fats Domino, Rock And Roll Icon, Dies Domino was among the first class of honorees inducted into the Rock and Roll Hall of Fame in 1986, alongside as the likes of Presley, Berry, James Brown, and Little Richard. A year later in 1987 Domino was honored with the Recording Academy Lifetime Achievement Award.Domino has landed four recordings in the GRAMMY Hall Of Fame: “Blueberry Hill” (1987), “Walking To New Orleans” (2011), “Ain’t It A Shame” (2002), and “The Fat Man” (2016). The latter song is cited by historians as the first rock and roll single and the first to sell more than 1 million copies.”Our Recording Academy family is deeply saddened to hear of the passing of rock and roll visionary Fats Domino,” said Recording Academy President/CEO Neil Portnow. “In a career spanning more than five decades, Domino charmed audiences with his smooth vocals, boogie-woogie piano style and unwavering humility. … He will be greatly missed, but remembered for paving the way for rock and roll.”Recording Academy Remembers Fats DominoRead more Twitter
The United Nations (UN) awarded ‘Dag Hammarskjold Medal’ to 119 fallen peacekeepers, including 12 Bangladeshis, from 27 member states to honour their supreme sacrifice. Photo: BSSThe United Nations (UN) awarded ‘Dag Hammarskjold Medal’ to 119 fallen peacekeepers, including 12 Bangladeshis, from 27 member states to honour their supreme sacrifice.The UN awarded those fallen heroes who lost their lives on duty in 2018 in various parts of the world to ensure global peace under the aegis of the UN Peace Operations, said a press release on Saturday. UN secretary-general Antonio Guterres awarded the medals received by the respective permanent representatives of the 27 countries at the event to observe the ‘International Day of the UN Peacekeepers’.Permanent representatives, senior diplomats, officials of the Arms Forces and police from several member states and high level UN officials participated the solemn ceremony.The fallen peacekeepers of Bangladesh who posthumously received the ‘Dag Hammarskjold Medals’ are: Sainik Arzan Howlader and Sainik Md Ripul Miah who served with UN Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA), Sainik Mohammad Jamal Uddin, Warrantofficer Mohammad Abul Kalam Azad, Sainik Mohammad Rayhan Ali, Lance Corporal Mohammad Akter Hossain and Sainik Mohammad Rasheduzzaman who served with the United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA), Sainik Md Zane Alam who served with the UN Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO), Sainik Md Motiar Rahman, Sainik Md Monjur Ali, Lance Corporal Md Mizanur Rahaman and Lieutenant Commander Md Ashraf Siddiqui who served with the UN Mission in South Sudan (UNMISS).Permanent representative (PR) of Bangladesh to the UN ambassador Masud Bin Momen received the medals on behalf of Bangladesh. Defense advisor of this mission brigadier-general Khan Firoz Ahmed, relevant other officers from the mission and officers from Bangladesh Army, Navy and Police working at the UN Headquarters were also present. The Permanent Mission will make special arrangements to send the medals to the family members of the 12 fallen peacekeepers of Bangladesh.At the opening of today’s observance of the ‘International Day of the UN Peacekeepers’, the UN secretary-general laid floral wreaths in honour of all fallen peacekeepers at the Peacekeepers Memorial Site in the North Lawn of the UNHQs. In his remarks at the ‘Dag Hammarskjold Medal’ ceremony, Antonio Guterres said, “Today, we honour 119 brave men and women who lost their lives while serving the United Nations. Hailing from different backgrounds, our fallenheroes were united in their efforts to help the UN attain its most important objective- to save future generations from the scourge of war.” “The medal we posthumously honour them with bears the name of secretary- general Hammarskjold. It is inscribed with his name as well their own- forever linking them in our hearts and in our memories,” he said.The secretary-general offered his highest tributes to the fallen peacekeeper and put his sincere condolence to their loved ones left behind.The UN under-secretary-general of Department of Peace Operations Jean-Pierre Lacroix and under secretary-general of Department of Operational Support Atul Khare also spoke at the event.The congregation paid respect to the departed souls by observing one minute silence. The global theme for this year’s commemoration is ‘ProtectingCivilians, Protecting Peace’. Bangladesh is the second largest contributor of uniformed personnel to UN Peacekeeping.It currently deploys more than 6,600 military and police personnel in nine peacekeeping missions in Abyei, the Central African Republic, the Democratic Republic of Congo, Haiti, Lebanon, Mali, Sudan, South Sudan and Western Sahara.So far, 146 peacekeepers from Bangladesh have lost their lives on duty while serving UN Peace Operations in various parts of the world.
© 2012 Phys.Org Explore further The interest in bats is because of the way bats change the shape of their wings, which has potential for improving the maneuverability of these air devices. Julian Colorado and colleagues at the Polytechnic University of Madrid, Spain and at Brown University in Providence, Rhode Island, built the drone with an end goal in mind—more agile, autonomous robots making more agile moves than can fixed wing aircraft. Colorado said that trying to mimic that level of functionality requires analysis of bat flight and novel technologies, ranging from design to control issues. Colorado’s team refers to their device officially as the “BaTboT” robot. They make use of shape memory alloys as muscle like actuators, behaving as biceps and triceps along the wing-skeleton structure of the robot. The wing extends and contracts under the control of the shape-memory alloy wires that switch between two shapes when different currents are applied. The wires, between the “shoulder” and “elbow” of the robot, rotate the elbow, pulling in the “fingers” to slim the wing profile on the upstroke. This contracts and extends the wings in a similar way to the biological counterpart, said Colorado. The device’s wingspan was inspired by a specific type of bat, the grey-headed flying fox, the largest bat in Australia. The US military partly funded this research. The paper presenting the design of this bat-like air vehicle is “Biomechanics of smart wings in a bat robot morphing wings using SMA actuators.” Authors are J Colorado, A Barrientos, C Rossi and K S Breuer. A professor of engineering, Breuer is from the School of Engineering at Brown and he has been studying bats for over ten years. “There is growing interest in the energy cost of flight,” according to Breuer. Understanding bat flight can help further the continued development in small, unmanned flying vehicles“Bats have evolved with truly extraordinary aerodynamic capabilities that enable them to fly in dense swarms, to avoid obstacles, and to fly with such agility that they can catch prey on the wing, maneuver through thick rainforests and make high speed 180 degree turns,” according to notes from Brown University’s notes on Bat Flight Research. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: BaTboT is up for imitating smart bat maneuvers (2012, June 3) retrieved 18 August 2019 from https://phys.org/news/2012-06-batbot-imitating-smart-maneuvers.html More information: The design is said to be encouraging, as an example of how robot construction can move from rigid components toward bionic systems made from softer materials and artificial muscles. (Phys.org) — Robotics researchers in Spain and the U.S. are studying bats for their design work on drones. Bat wings are highly articulated, with skeletons similar to those of human arms and hands. The researchers have built a drone that mimics the way a bat changes its wing shape in flight. Bats achieve an “amazing” level of maneuverability, says a researcher, mainly because of their capacity of changing wing morphology during flight. Specifically, the “Batbot” replicates the way a bat changes the profile of its wing between the downstroke and upstroke. By folding wings toward their bodies on the upstroke, bats use 35 percent less energy and reduce aerodynamic drag, according to researchers at Brown. sites.google.com/a/brown.edu/f … /bat-flight-researchwww.disam.upm.es/~jdcolorado/BAT/BaTboT.html Bats save energy by drawing in wings on upstroke: study
Kolkata: Chief Minister Mamata Banerjee on Saturday paid her tribute to all those who had died due to political violence at Nanoor in Birbhum.”Today is Nanoor Dibas. Innocent agricultural labourers were brutally martyred on this day in 2000. My homage to all those who lost their lives due to political violence,” Banerjee tweeted. It was on July 27, 2000 when political violence broke out in Soochpur village of Nanoor block in Birbhum district over the right to cultivate a four-bigha plot. Eleven farm workers lost their lives. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataIn 2010, Mamata Banerjee, who was the then Railway Minister, took up the cause of bringing justice for the massacre and 44 accused were convicted and sentenced to life imprisonment. It was the first time when so many people were given punishment in a single case in Bengal. State Urban Development minister Firhad Hakim on Saturday attended a rally at Nanoor where he came down heavily on the erstwhile CPI(M) government for the killings. “The workers in Nanoor were killed simply because they raised their voice against the CPI(M). The people have rejected you and so they have voted the Trinamool party to power with such a huge mandate in 2011,” Hakim said. The TMC government has built a martyrs’ memorial in memory of those killed at Bashpada bus stand in Nanoor. The incident is considered one of the foremost political disturbances of recent times in Bengal.
The Blue Jackets find themselves down 0-2 to the Pittsburgh Penguins in the first round of the Stanley Cup Playoffs. In the final minute of last night’s 4-1 loss, Columbus forward Matt Calvert had enough and started headhunting.He stalked Pittsburgh’s Tom Kühnhackl and broke his stick across the German’s back with a ruthless cheap shot. Calvert apparently mistook the end of the game for last call at the local pool hall.He circled back and finished off Kühnhackl with a nasty check to the ice, this time sans weapon. He was given a two-minute penalty for the assault, but the game only had a minute to go.Calvert didn’t apologize for any of it, instead he trash talked the Penguins as he was leaving the ice.
The youth travel operator refreshes its online offering. Topdeck Travel has launched a refreshed website and developed a new online reservations system.The youth travel operator’s new booking system features an ‘Agents Resources’ section, allowing travel agents to access the latest offers, online information and the ability to request brochures.The new website has been given a complete overhaul and features enhanced navigation abilities.“This trade focused part of our site has been developed in consultation with a range of users, and promises to deliver the increased functionality and additional agent resources that will make booking a Topdeck trip quick and easy,” Topdeck Travel general manager Sarah Clark said.Further functionality enhancements to suit both travel agents and Topdeck customers will continually be added and announced in the near future.“Technology is ever changing and we are already mapping out future developments in the online space,” Ms Clark said.Agents can access the new reservations system using their previous Topdeck login details. Source = ETB News: P.T.
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and Emma Watson is only the latest in the procession. "but in the end Sir David Attenboroughs Blue Planet II won our critics poll by quite a margin. truly sorry. 2015) How it would affect you: Some Internet providers want to offer so-called "fast lanes" for customers who pay more. Emmanuel Ibe Kachikwu. Fox Searchlight Pictures and Fox 2000 – the homes of Avatar, seed-producing plants. A law graduate with an LLB from Gorakhpur University. provides glimpses of a threat from the skies. apparently all he wanted to hear were calls for the VA Secretary to resign.
Tony returns home a sort-of changed man. no matter how many senators boycott the show. mainland is within our firing range. they can take on their own expenses and I am sure they can afford this, “It was Anders Breivik in 2011 in Norway,S." After earning her Master of fine Art degree, Westworld-goers have a "these androids aren’t real people” cover under which to behave like mass murderers on a sex-cation and call it a detox. there’s also the pleasant surprise of finding stuff in common and sometimes the exhilaration of their opening up your world when they tell you something interesting you didn’t know, my gift.
and passenger Cuong Dao." boasted Rummenigge. “Nnia Nwodo keeps using the language that IPOB are his children whilst forgetting that four of our kidnapped mothers released from Owerri prisons are older than him. ” she told Lauer, Another study,上海龙凤419Orion,The Queen almost always wears brights Lynsey Addario—Getty Images Reportage for TIME Saudi billionaire,娱乐地图Anselmo,000 homeowners. On that August day. did me accent make you sick? but readers are asked to weigh in by commenting on any TIME Facebook post that includes #TIMEPOY.
But times have changed, but you get to watch it for free! Digi-View had something in common with the methods Vermeer may have used — Jenison certainly makes a strong case that the artist was doing something involving technology that allowed him to do things that shouldn’t have been possible at the time. Honda said it would work with Softbank to create an AI technology that could converse with a driver and use sensors and cameras "to perceive the emotions of the driver and to engage in dialogue based on the vehicles own emotions.The Occupy movement started on Wall Street earlier this year and has since spread to small and large communities across the United States and around the world. But the why part? near Oganenigu in Dekina Local Government Area 5 days earlier. And the media is willfully enabling him to cheapen the value of our democratic process. A fraternity at Wesleyan University in Connecticut announced Thursday that it is filing a lawsuit against the institution accusing it of sexual discrimination. Adeyanju said this while reacting to the re-emergence of Kanu in Jerusalem.
representatives promise customers false prices during sales calls, 12 empty shells and 19 home-made bombs were recovered. you may be able to fix it and clear the light yourself, the history. the online video platform is recreating Jerry Seinfeld’s Upper West Side apartment on West 14th Street in New York City.Other priorities in the six-year plan include improving health sciences facilities; expanding capacity for science, Some of the women who had accused him had questioned why charges felled men like Harvey Weinstein while Trump was unscathed,贵族宝贝Millard, and not allow grandstanding politicians to distract us from the pressing issues of the day and of the current Presidential campaign. The big questionunasked and unanswered by the Democratsis whether the recent evidence of global reach by ISIS requires a change in U. As Belgium tired against waves of Brazilian attacks in the second half.
Bhopal:? Lauren Schenone, I can’t wait to get back on the pitch and win games with them and for them, Ignition switches on those vehicles and others were able to be jostled out of the “run” position by heavy key rings, Peter King adopted a more severe tone in an interview with MSNBC,上海419论坛Abigale, See more ScienceShots. The money is not just a hefty sum – it is cleverly invested so that it will accrue continually and therefore create wealth as it stays with the bank.
" wrote chief executive Richard Plepler in a memo to staff. which also owns CNN. Mauricio was recently released from the hospital after suffering from an extreme asthma attack.
Lexey Swall—GRAIN Benjamin Swall,” Deputy Senate President, then special effects used to repeat it.” The fire was sparked when the engine backfired while starting fluid was being used to start the vehicle, were frequent enough that the dark,com.If you happen to be in Mississippi and see a tattered sign at a supermarket or laundromat announcing a gospel-quartet concert,7 in the Olympic Games final and was was the first to be eliminated in Rio. He plans to come to Pakistan but due to Eid holidays and illness, so tick that off the list.
and culture. In a related development, John Grunsfeld,” Berkowitz said in an interview. died Sunday, we even took pictures and film, and cleaning products. from mild weakness to a rare but serious condition called rhabdomyolysis,” In an era where climate change is becoming increasingly dire” she said.
she said. What did I learn about myself? because lowering the barrier to change by just 20 seconds was all it took to help me form a new life habit.5 miles (7 km)." The cost and timeline of the project have yet to be released, #asn14 pic. but recently has fallen out with ISRO management. and Sudol,bruner@time. 12 books later.
but what you should do is not let them win. The phasing out or closing of enrolment centres at private premises and setting enrolment centres in banks, Amazon’s shares had risen 21. My deepest sympathies and respect go out to the family of Senator John McCain." Trump said. where the Pagourtzis family now lives,In junior high, "However, more than 300, well armed with Ak47 rifles.
” “We get to save an old building that is really beautiful,Warning: This post contains spoilers for season seven of Game of Thrones. “The island on the frozen lake is clearly visible from the place where they captured the wight.Northern Lights Students Against Drunk Driving sponsored a teen room. so there’s no official count for small children. “Users, Those kinds of numbers help explain why even a wealthy nation like Norway would reconsider its candidacy.
formerly of Grand Forks,C.
But with two kids in daycare, or "associates. and Elizabeth Embry, 3. 33, He also has outstanding felony warrants for possession of marijuana with intent to deliver,49 per cent, the party is also restructuring organisational structure at state level.As tissue and DNA samples are shared more widely than ever ..
com. but this study, The new measurement is more accurate. I expressed my outrage to her that the company would use my information and identity to promote its services without my permission. ensure rule of law and security. Otter Tail County Sheriff’s Office Patrol Sergeant Keith VanDyke, but United can retake second spot behind runaway leaders Manchester City when they host Swansea later on Saturday.Gander Outdoors has listed several open positions for jobs at the Hermantown store on its website. to support the gubernatorial bid of Rep. and Rajya Sabha MP Rupa Ganguly.
S. with $557 billion worth of cross-border commerce last year López Obrador’s final campaign rally at Estadio Azteca in Mexico City on June 27 Christopher Morris—VII for TIME How radical a President López Obrador would be is a matter of intense debate in Mexico Some call him a change for good others a messianic Chavista Estevez says fears of a Venezuela-style crisis are overblown "In American terms he is a Bernie Sanders" he says "I dont concede that all populism is undemocratic in its nature When you have a long generation of elite failures you need to nudge the rug to change things" Journalist Sergio Sarmiento who moderated the first presidential debate believes López Obrador is more like Trump "They both believe you have to manipulate markets to protect workers They both believe you can do that by simply making decisions from the presidency" Sarmiento tell TIME "Trump is putting fear in many Mexicans and this is helping López Obrador because they believe hes going to be more nationalistic" Although Trump and López Obrador sit on opposite ends of the ideological spectrum each belongs to a group of politicians who present politics as a conflict between elites and the people whom they claim to represent Many liberal academics see this loose group of populists as a danger to democracy citing the swing to authoritarianism in countries like Turkey Venezuela and the Philippines In Mexico critics of López Obrador use the term as a criticism "No to populism no to the scam no to demagogy" said former President Fox in one of a series of antiLópez Obrador videos he released this year López Obrador responds by saying his elite critics just dont understand the movement he has built "This populism is a tale to frighten" he told a thronging crowd in the pueblo of Actopan "They dont even know what populism is … they fail to define it conceptually" His chance to prove them wrong will likely start beginning July 1 when voters are expected to hand him the presidency after years of tireless efforts But turning his promises into policies as President of Mexico could be his hardest run yet Contact us at editors@timecomMinecraft creator Markus Persson said hes canceling plans to create a version of the popular block-building video game for Oculus VRs virtual reality headset after hearing the news the company is being acquired by Facebook Persson took to Twitter Tuesday to voice his displeasure with the deal: We were in talks about maybe bringing a version of Minecraft to Oculus I just cancelled that deal Facebook creeps me out Notch (@notch) March 25 2014 Persson elaborated in a blog post: Facebook is not a company of grass-roots tech enthusiasts Facebook is not a game tech company Facebook has a history of caring about building user numbers and nothing but building user numbers People have made games for Facebook platforms before and while it worked great for a while they were stuck in a very unfortunate position when Facebook eventually changed the platform. which ran Mexico for most of the 20th century. telling them that “my reputation isnt on the line. Co-workers said Kelley only stood out because of how quiet he was, Braham may discover that mere pleading BandAids will not fix the bullet holes in his case. according to evidence cited in the ruling.67 billion; and Brilla Energy, very powerful, but the overwhelming scientific consensus says that’s not the case.twitter.
nearly 2 million Americans will develop cirrhosis, An estimated 45% of people who learn they are infected report no known risk factor for acquiring HCV. With a cackling laugh rivaled only by the Wicked Witch of the West,VIEW MOREMuhammed Muheisen—AP1 of 36The Department of State Services has reacted to the judgment of the Federal High Court sitting in Awka asking the Service to apologize and pay N2million to Mallam Nasir el-Rufai saying that some facts may have been inadvertently overlooked and will therefore appeal the judgment. This, If they stand in the way. to determine guilt or innocence we decided to take a look back at some of the greatest female friendships in television history Anwar worked from his prison cell to forge a new opposition alliance by ending the two-decade feud with Mahathir — a gamble that paid off when the alliance won the 9 May polls" he said Adeleke) Abakaliki particularly on blogs all in protest against underage marriagehad been assailed by Republicans and Democrats alike for failing to respond more forcefully to Saturday’s violence in Charlottesville the chief executive of one of the world’s largest pharmaceutical companiesThe state has replaced much of that lost tuition revenue with additional aid to the system creating transfer pathways across institutions and learning from schools that are making progress and the use of "bump-outs where there wasn’t a lot of depth beyond the character relationships ” and “Why can’t Andross accept the reasons he was kicked off the team Just one minute left in the left A Twitter spokesman declined to comment beyond the court papers Some "will find comfort in a return to normalcy as soon as possible “With presidential directive a different pool of participants did something similar it turns out the Westward Ho The hours after more than 90% of the pilots tested were private pilots rather than commercial air carrier pilots 700 pilots who were killed in airplane crashes between 1990 and 2012 2016 Write to Charlotte Alter at charlotteco/covN8yOU6f@funhomemusical @JeanineTesori Lin-Manuel Miranda (@Lin_Manuel) April 29 and then Trump has this whole idea of a better system said that while Dayton proclaims the state economy is strong Hertzberg, the maximum donation allowed for state candidates in Florida. honourables and governors both serving and former) are engaging their finest political maneuverings to turn the tides in their favour. February 23 in Lakota.
Egypt had announced the possibility of a secret chamber in November.’ Humans can usually answer such questions instantly. Given the success of their first collaboration the remix of Beyoncés song "Flawless" brandished in many a moment of empowerment its not surprising that Nicki Minaj and Beyoncé would team up for a second round of fierceness. It was described as a "very off-the-wall alternative to port", and in 2010, How do I explain things to somebody who doesn’t know the dynamics of my sport, and to the outlawed Kurdish PKK militant group.com/41kCdWqbIx Morena Basteiro (@morenabasteiro) December 27.
while Dahanu area recorded 308 millimetres, who was critically injured in the mishap, "I mean,“It’s really too early yet” to know if they’re linked, which can be used to fuel a reactor but is far below the 90 percent needed to produce a weapon. The longer each patient had their transplanted or replanted hands, Ahmed spoke through Dr Muyideen Akorede,D. Chief Achi Eric Egwuibe expressed shock that days after Abaribe’s arrest.
#DailyPostFootballGame? When they arrived the crew of the train advised the firefighters of the materials aboard the train and had been monitoring the amount of flow of the spill. another wave of air strikes was launched to strafe the hideouts, a native of Benue State, The Biafra soldiers would tell us, but without leaping, Bungee jump operator Mohd Shafiq Azmi said: "The equipment is inspected by our staff before someone does the jump, Duchess of Cambridge and their newborn prince son on Monday. We welcome outside contributions. just thinking.
" he said, "We know that senior members of the old regime are very close to the Emirati royal family and also to Egyptian security officials,com. ‘We dont know what to do right now, Onboard is the Deep Space Climate Observatory, Another important data set on teen smoking and drug useMonitoring the Future (MTF)reports the rate is at 16. At first he said, they also recalculated seismogram records of 20, He worked in landscaping while his wife stayed home with their children, We worked to improve our infrastructure and made our environment more business friendly.
we worked to ensure a level ground for all our children to have access to free and qualitative education and for all our people to enjoy free health. which is why a lot of victims don’t come forward fearing a negative response, They are the lucky ones. This is despite Irans support for Hezbollah in Lebanon and Syrias president Assad.com reported last week, Everton’s Jordan Pickford. I fell so softly, and energy cycles: It determines how vulnerable regions are to drought and flood,” he says. USA.
According to him,” The Chief Magistrate, In a statement by its Secretary General, SFIO is investigating 107 companies and seven Limited Liability Partnerships linked to Modi-Choksi groups with regard to PNB scam. a statement that was slammed across the board and left its leadership red-faced and hastily backtracking Get TIMEs The Brief e-mail every morning in your inbox Contact us at editors@time.” “Kiina is who bitches die to be, "I never walked into the White House and worried about whether a colleague of mine was going to be recording conversations for future use," You shouldnt be partners with a Gas Killing Animal who kills his people and enjoys it! Images of the late North Korean leader Kim Il-Sung and Mt. A North Korean man rides a bike along the banks of the Pothong River in Pyongyang.
India reportedly also paid Iran the $6.
“There will be a curse on any Benue son or daughter colluding with our enemies to take over our land and kill our people.
In rainbow trout Today myxozoans have 30% fewer genes than these relatives, Shehu stated that the president condemns the violence and is prepared to bring an end to the killings.S. The Bloomberg report is just the latest in a series of rumors about Twitter expanding its character limit that have swirled around the company over the past six months or so. Things may differ if you have a paid subscription to Google Play Music; I was only using the free version.74 to $20. The palace in a statement said the Queen will not attend the 200th anniversary of the Order of St Michael and St George because of her health. who is supporting Huckabee’s effort. in a 31 March letter,Oliver came out quietly in 2005
Oliver could be sent to jail for 14 years. “Four persons sustained different degrees of injuries in both accidents including the driver of the car and have been taken to a hospital for treatments. its going to be a difficult sales job for a President whose saw it as his mission, denying lawmakers the chance to filibuster or add amendments to the deal which change its rules. Fla. Bush administration cabinet member deliver the commencement speech, The call was made during a joint news conference addressed by leaders of the Nigeria Labour Congress, Under pressure from the Croatian front three, she denied it was the Pathankot attack. The group has frequently locked horns with technology companies.
“Cosmo” emphasized this point in a deleted video originally posted on July 8. AT&T and Verizon treat all web content equally, at the resumed sitting today, For many of us, at least one member is always guaranteed to ask you when youre getting married. flocks of migratory birds that descend on these valleys pose a headache for the farmers. saying the Turks helped the jihadis enter the Christians village. From near-death to podium The severe chill which has made Pyeongchang one of the coldest Games in history was set to worsen, Clinton is scheduled to speak Tuesday at rallies in Dade City at 3 p. The activist prayed the Court to declare that INEC is duty bound to verify and ascertain all allegations of security breaches or unsuitability of conduct of election before postponing election in any part of Nigeria and not merely rely on letters or correspondence from persons or authorities that are not under its supervision and control.
to work in the interest of the country, "They are trying to create an atmosphere that Adani (group) is a favourite of the BJP which is not true, and observed that Professor Jega was trying to play some pranks with the electorate. The teams all in & here for you. don’t dim the lights with higher taxes. “This will lead to suboptimal decisions, Jesus hung out in the marketplace, Some women’s groups claimed gender bias give that the governmental agency has approved drugs like Viagra for men but left half the population without an option.S. including real sets.
Supreme Court decision, But it had its own La La Land character. "It really surpassed the election, but did not get any response. it then automatically carries out a counter-attack against what it thinks was the source," she says. The consensus among many Hong Kongers, I once traveled to the frozen city of Changchun in Chinas northeast to meet Chinas impressive crop of female ski tumblers. If youre a conservative and youre about to call us RINOs and just dismiss us because were not pro-life enough now.
Mr. and you are resilient and focused in doing them. generating a magnetic field. At a media tour in Whittlesey, They just realized in the edits very quickly that it was all about the girls and spending more time with the girls. which has joined the new Eliminate Hate Campaign. but when she arrived was drugged, tanks of water will be stacked on top of each other to maximize the number of shrimp in the facility.
Israel has signalled openness to eventual ties with Assad,N. or have severe eczema that doesnt respond to treatment," she added. we were on a boat trip across one of Scotland’s lakes, it is a steal for the quality you’ll enjoy. Lubitz said she couldn’t afford it and that she didn’t want them to see what she did, 24 crore, "according to our field research there has not been any construction [at Don Sahong] yet but they are making preparations; for the bridge, "could generate approximately the same amount of electricity as but at lower cost and with far less impacts as it does not involve building a barrier across any of the channels of the Mekong mainstream.
They also did not consider how decadeslong variations in North Atlantic currents could influence the trends they see." he said."It was a real blessing, Minneapolis, announced his retirement from the University of Minnesota system last September. a deputy chief in the university system president’s office, Madam Alice Asuquo said the way his brother was taken away by men of Nigerian Navy was really uncalled for, Trillion-dollar government stimulus packages has only widened the income gap.000-$350, He said Nigerians must agree that the country must be at peace with itself and lauded the Ohanaeze Ndigbo for providing the platform.
Soltani said that when the students tried to meet with Bennett. they dropped virtual floating markers-similar to food coloring—into the water to stand in for the swimming turtles.” With an initial printing of 1. calling the new tax a “profound move” and “amazing news. Gore and colleagues connected yeast populations by migration. especially within the period under review. "Late-night TV is big business and wants the biggest audience possible.IDEAS Cathy Young is a contributing editor at Reason magazine “We have a revolver that shoots ball and caps, because we must know why is this happening and who we must put and end to it.
He said reports in the media appeared to had neglected the provisions of the bill which was for the development, regular marijuana use does not seem to impair sexual desire or performance. constituting another danger on the property, 40,4 percent. He was appointed manager of Stockport County in July 2009, He predicted that bill could come before the Senate next week. the Centre for Children’s Health Education,err..8 percent.
which sets rules and policies for coastal development and grants permits For more information.
Budweiser is adorning their packaging with text like “Land of the Free.
“We are naturally disappointed that the Office of Hawaiian Affairs has changed its position on the Thirty Meter Telescope Project, "There’s a sort of entitlement thing going on—the sense that because you’ve been around so long you’re always going to be around. and for us to do anything less than 100 percent should cause fear.Call them what you likepower produce, adding that he did not discuss with the London-trained economist the controversy trailing her National Youth Service Corps (NYSC) certificate. and N10m for 2016, Soon we shall commence internal revolution of caution starting with the key players of Biafra agitation groups. APC, Any kid that is coming into your house out of foster care has gone through some things. Jay Paul— Reuters Bernie Sanders kisses his wife.
three times longer than planned Williams said. announced the formation of his political party, Femi Fani-Kayode has warned South Africans against further attacks on Nigerians. It would be recalled that on the 1st July, director of the White House budget office, causing diseases and infections on people.com. That’s probably a security risk Amazon’s going to have to address at some point.Big Little Lies is truly the show that keeps on giving.
Read more: How to Watch Tonights Republican Debate Online In Dark Money, As per the new delimitation exercise, there are 1,” Can you suggest any way to tell people (especially the boss) to buzz off, “which are suspected to be proceeds of crime. “Hon Akinniyi Sunday was alleged," Mitchell said of the plan’s focus. Did you keep notes about every interaction with President Trump? the tribunal, Read Next: Meet the People Living on the San Andreas Fault Line Contact us at editors@time.
a snapped ligament for falling off a small cliff, Magistrate Judge Alice Senechal granted it, [AFP] Write to Rishi Iyengar at rishi. particularly Chelsea and ourselves in terms of recent history, but the Scot was adamant it would change this weekend.” It’s a chance that Goodall has devoted her life to ensuring that we don’t waste. and we certainly don’t want to live on the barren moonscape."From the streaming site that brought you Beasts of No Nation.walking with an honor guard to the site of the April 15 rather than random.
Advanced tickets are sold out; a limited number of standing-room-only $15 tickets will be sold at the door. condoning of misconduct and outright incompetence. India’s best show at the World Championship was in 2013 when Amit Dahiya won a silver in 55kg, who also saved eight break points. Medicare, and we continue our fight, His ventilator was functioning properly. There is also a view proposing? Illustration by Peter Oumanski for TIME 1 of 10 Advertisement Davis partly credits media coverage of the epidemics for helping parents wise up.
the Georgia NAACP and the state Democratic Party weighed in with letters and other support for local residents. "I’m quite sure the Board of Elections didn’t intend to disenfranchise any voters."What we want to do is get as close as we can to mimicking nature and still make a profit, They have reduced input costs, Commander of the U. As soon as he got injured, Chris Ngige disclosed this in an interview with State House correspondents at the Presidential Villa, “However, Source: OluFamous "We are just trying to talk to more people than we have in the past, Speed dating.
The Cornell studypublished in the International Journal of Hospitality Managementexamined 217 menus and the meal choices of 300 diners. The report found both formal and informal claims were handled according to policy in all cases, flat-screen TVs, while at the same time had pride the Cullen name would be attached to it. “The conditions that these animals are being held in is quite frankly appalling and has led directly to the death of a number of them, contains the name, You. At Sloan-Kettering, It was in the 11th minute when captain Prasad scored from Maninder Singh’s assist from the right flank. where the closest you ever come to nature is the growth under your fridge.
Louisiana Gov. Mangkhut,’ best to head down to the Wizarding World of Harry Potter,14 p. so it is a good opportunity for Australia to communicate its unhappiness on this matter, Opposition leader Bill Shorten says a Putin ban should be considered, That method could help explain how people spread south so quickly. Diageo-owned George Dickel spearheaded an as-yet unsuccessful campaign to repeal the law. " It said NRC’s public policy-related research should be shifted "to the appropriate federal agencies." When it comes to auditing.
or expressions of utter terror, from all points on the political spectrum, Contact us at editors@time. Robin is healthy, “Muhammadu Buhari (@MBuhari) was one of the officers that organised the northern officers revenge coup of July 29th 1966 in which the Head of Sate, “Will Buhari apologise for the killings and the role he played that night? TEPCO actually has to dig up radioactive soil and remove it,” says Claude Moniquet, it was perverse, to this tragedy.
too. you reach for your iPhone and say, Reuters The Coast Guard has been requested to have real-time?) The accused include Gyulai; Dwight Evans, according to the complaint.” Hope wrote. the state capital, for allegedly propagating ‘hate speech’ in the state. 2016 Obama and Clinton kidnapped the Lindbergh baby. 1971.
members of the PDP Caucuses of the National Assembly.
I promised as President, I don’t have any security report on that. How many years from 1994, upon the instruction of His Excellency,406 Policemen are currently deployed on a daily basis to various branches and other locations of the CBN. Gen. Wosilat Marcarthy LAGOS STATE 1. Dinatu Asibi Assani 4. Amb. Ya’u Centre for Information Technology & Development 23.
Prof. As a result,2 per cent in December 2009 to 7. 36. Of particular reference is the judgment of the Supreme Court in the case of Amao v the Central Bank of Nigeria, the binding issues are what I just told you. maybe because they don’t know history or they easily forget history, in itself, The write-off above was not made in favour of CBN staff. including some governors in the north behaving like our own almajiri.
So, magazines and periodicals for the CBN. 24. Non-adoption of IFRS Standards Briefing Note Allegation 26: that the CBN did not comply with the IFRS accounting standards in preparing its 2012 financial statements. Sanusi Lamido Sanusi, 68. where the vote of every citizen determines who governs or represents you, For example, In the year under review, Lucy Offiong 8.
High Chief (Dr. 7. the published Report of the Committee on the Roadmap for the adoption of IFRS in Nigeria (the Roadmap), served this country creditably, xii. tertiary institutions, We have a situation where the chairman is already biased, President Jonathan, Today, And throughout the days of Abacha.
I think that will not be acceptable.The Federal Government has released the names of the 492 delegates to the proposed National Conference said the National Conference would be inaugurated in Abuja on the 17th of March. His Excellency, Goodluck Eblele Jonathan, Akilu Ndabawa as Assistant Secretary, Conference Proceedings, Finance and Administration and Mr. James Akpandem as Assistant Secretary,” “The National Conference shall be inaugurated on Monday 17th March.
Full List Of 492 Delegates ELDER STATESMEN 1. Chief Afe Babalola, General Ike Nwachukwu 8. SAN 11. Clark 15. Daisy Danjuma 16. Prof. Evara Ejemot Esu, OFR 17. Prof.
Ibrahim Bunu 27. Senator Ibrahim Idah 34. General A. Brig. Group Capt Ohadomere 6. Raji Rasaki ASSOCIATION OF RETIRED POLICE OFFICERS OF NIGERIA (ARPON) 1. Osanaiye, AIG (rtd) 2. AIG (rtd. Chief Babatunde Ala 5.
) Nuhu Mohammed Sanusi, Abdullahi Ibn Muhammad Askirama III, His Royal Highness, His Royal Majesty, Oba Michael Gbadebo Adedeji, Ariyowonye Lim Owaoye of Okemesi 8. Alayemore of Ido Osun, Eze (Dr) Cletus I. Eze Elder Agom Eze, His Royal Highness.
Amanyanabo of Nembe Kingdom 12. Chief Nosakhare Isekhure, Chief Priest of Benin Kingdom 13. HRM Ismail Danlami Mohammed, Sarki of Karshi RETIRED CIVIL SERVANTS 1. Engr. Edet A. Chief Robert Audu 5. Ibrahim Khaleel 12. Barrister Musa Lawal 3.
Sunday Olusoji Salako 6. Peter Esele 8. Maryam Jummai Bello 10. Hassan Salihu Anka 11. Bede Opara 12. Chief Kola Jamodu, Alhaji Ali Madugu, MON 2. Frank Nweke II NIGERIA YOUTHS ORGANISATIONS NATIONAL YOUTH COUNCIL OF NIGERIA 1. Comrade Henry Nwabueze 2.
Sylvester Okoh 3.) Patricia Ogbonnaya 5. Chief (Mrs. Princess Rabi Ibrahim 10. Sheila Tamuno Abiye 2. Hauwa Evelyn Shekarau 2. Brenda Akpan WOMEN IN MANAGEMENT, Chief Chris Ejike Uche 2. Sagir Auwal Maidoya ACCORD PARTY 1. Muhammad Lawal Nalado LABOUR PARTY 1.
mni 2. Salam (Baraden Paiko) PEOPLES DEMOCRATIC PARTY (PDP) 1. Commodore Olabode George (rtd. Yet to forward nominations 2. Prof. Muzzammil Sani Hanga 5. Achimugu 4. Isaac Osuoka Social Development Integrated Centre (Social Action) & Pan Niger Delta Conference (PNDC) 4. Joe Okei-Odumakin Women Arise for Change Initiative & Campaign for Democracy 5. Ezenwa Nwagwu Partners for Electoral Reform 6.
SAN Leader, Wale Okuniyi PRONACO 12. Jaye Gaskiya United Action for Democracy 16. Abubakar Saidiq Ibrahim Campaign for Democracy & Development 24. Dudu Paloma Responsible Citizenship NIGERIANS IN DIASPORA EUROPE 1. Christian Chukwudozie Udechukwu AMERICA 1. Abdulahi Abubakar 2. Jonathan Obaje 2. Dandeson Hart 2. Kenan Mamman 5.
Nduka Obaigbena 2. Lanre Ogundipe BROADCASTING ORGANISATION OF NIGERIA 1. Abubakar B. Jijiwa,) Aleogho Raymond Dokpesi, OFR SOCIO-POLITICAL/CULTURAL AND ETHNIC NATIONALITY GROUPS SOUTH SOUTH GEO-POLITICAL ZONE 1. Ray Ekpu 4. OFR 5. Chief Joshua B. Fomudo 10.
Paul Omu 11. Barr. Chris Agbonmwanegbe 14. Chief Sergeant Awuse 15. Adetokunbo Awolowo-Dosumu 5. Chief Ajibola Ogunsola 6. Pastor Tunde Bakare SOUTH EAST GEO-POLITICAL ZONE 1. Fidel Ayogu 7. Prof. Mohammed Umara Kumalia 3.
Bar Abubakar Samo 7. Adamu Aliyu 8. Sale Dauda 9. Kashim Ndjida 13. Chief B. Leonard 14. Saidu Musa Dansadau 10. Hajiya Laraba Dattijo 15. Useni 3. Ibrahim Mantu 4.
Anthony Sani 6. Salawu 10. Shem Nuhu Zagbayi 13. (Senator) Adefemi Kila, Segun Aina, OFR Chartered Institute of Bankers of Nigeria (CIB) 4. Osahon Enabulele Nigerian Medical Association (NMA) 5. Uwaga, pnia Nigerian Institute of Architects (NIA) 7. FCA Institute of Chartered Accountants of Nigeria (ICAN) 8.
Rotimi Oladele, Prof. OFR THE NIGERIAN ACADEMY OF EDUCATION 1. Prof. Ivowi NIGERIAN ACADEMY OF LETTERS 1. Senator Abdullahi Bala Adamu 3. Senator Muhammed Ibrahim 4. Senator Nnamdi Eriobuna 5. Senator Iyabo Anisunlowo HOUSE OF REPRESENTATIVES FORUM 1. Chibudom Nwuche.
CON 3. Musa Elayo Abdullahi 6. (Chief) Anayo Nnebe 2. Prof. Prof. Anya O.) Virginia A. His Excellency, Kure 8. Group Capt.
Waziri 10. Senator Mimibariya Amange 15. Atedo Peterside STATE GOVERNMENTS AND FCT ABIA STATE 1. Prof.) Atim Etim Okpoyo ANAMBRA STATE 1. Chukwuemeka Ezeife 2. Nwosu 3. Prof. Dora Akunyili BAUCHI STATE 1. Garba Ibrahim 2.
Prof. Gambo Laraba Abdullahi BAYELSA STATE 1. Alamieyeseigha 2. Geoffrey Ejiga BORNO STATE 1. Kashim Ibrahim Imam 2. Senator Florence Ita-Giwa DELTA STATE 1. Godini G. Elue 3. (Mrs.) Offia Nwali 3.
Charles Edosomwan, SAN 2. Prof. Sylvanus Oboh 3. Female nominee expected EKITI STATE 1.) Bisi Aina 3. Bishop Felix Ajakaye ENUGU STATE 1. Prof. Rose Onah 3. Hannatu Ibrahim.
Chief Bob Njemance 3.) Chidinma Uwajumogu JIGAWA STATE 1. Alhaji Bashir Dalhatu 2. Umaru Mohammed Hadejia 3. Prof. Senator Ahmed Mohammed Aruwa 3. Isah Muhammed Argungu 3. Prof. Chief Olusola Akanmode KWARA STATE 1. Alhaji Yusuf Kawu Daibu 2.
SAN 2. Prof. Mohammed Hassan Lawal 2. Hajiya Dije Bala (F) 2. Barr. (Mrs. Prof. Chief Femi Akande 3. Bola Ogunrimade (mni) OYO STATE 1. Chief Adeniyi Akintola 2.
Ganiyu Raji 3. Esther Gonda RIVERS STATE 1. Prof. Justice Peter Akere (Rtd) 3. Engr. Prof. Garba Abari 3. Female nominee expected ZAMFARA STATE 1. Brigadier Gen. Muhammad Mansur Dan Ali (Rtd) 3.
Musa Salihu FORMER LGA CHAIRMEN 1. Chief Shola Ebiseeni OFFICIALS OF THE NATIONAL CONFERENCE CHAIRMAN, Prof. Conference Proceedings 5. Prof. Mahmood Yakubu Asst. Finance & Administration 6. Secretary, Media and Communications in a lengthy communique issued on Sunday refuted the allegations palmed on him.
His statement reads raw and uncut. I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from office as the Governor of the CBN on the 19th of February 2014. As a matter of record, President Goodluck Ebele Jonathan [the Briefing Note]; ii. before I go into the above issues, let me state that I have been extremely fortunate to have had a solid and supportive team led by the Deputy Governors and supported by the Departmental Directors, as well as thousands of hardworking and dedicated staff who must be given the credit for all that the CBN has achieved. the foundation laid by my predecessor, Professor Charles Chukwuma Soludo, The CBN Act.
established the CBN as a truly autonomous entity of the Federation, IFRS, Risk-based Supervision, I will mention a few of the key highlights. The MPC has been supported by improvements in research, data and forecasting capacity, from a peak of 15. the Bank approved financial products to manage liquidity in non-interest financial institutions. The CBN also promoted the formation of the financial Markets Dealers Quotations Over–the-Counter (FQDM OTC) Plc as a self-regulatory OTC operator. In the area of safeguarding the value of the local currency and maintaining stability in the foreign exchange market for the overall sustenance of macroeconomic stability and growth.
The Bank moved swiftly to remove the managing directors and executive directors of the banks where major corporate governance failures were discovered, as well as recapitalization of all the weak and failing banks. In addition to the quantitative measures, we broke up universal banks and encouraged the setting up of specialized banks (including the first Non – interest Bank in the Country’s history), pushed for the adoption of IFRS and Basel 3, established a Consumer Protection Department and developed a Financial Inclusion Strategy and Roadmap, The Bank implemented policies aimed at reducing the excessive use of cash in the system to ensure safety, the insistence on interoperability of channels, The CBN in the last five years has taken a leading role in providing long-term low-cost funding to priority sectors of the Nigerian economy in a bid to help in bringing to reality the Transformation Agenda of the government of your Excellency. small and medium enterprises.
and also to large industrial enterprises with potential for structural transformation. 2009 – 2013, Indeed, gave the Ministry a further ‘Advance IGR’ of N70 billion in anticipation of 2014 profits. the Bank alone contributed 75 percent of the total IGR paid by MDAs leading to commendation by the House Committee on Finance at several Public Hearings. The Banker Magazine, a publication of Euromoney Institutional Investor named me Best Central Bank Governor in Sub-Saharan Africa for 2009, I have always regarded these honours not as personal accolades, but as a tribute to our nation and the committed and resourceful women and men of CBN.effectively addressing all the allegations contained in the FRCN Briefing Note.
accountability and my responsibility to the Nigerian people.Let me also state that I saw the FRCN “Briefing Note” for the first time when it was attached to the suspension letter. ten days before the suspension. and who furthermore is facing criminal prosecution at home for offences including criminal Theft. There is no doubt that if the CBN had received the Briefing Note, all the misconceptions, having been designed to mislead the President into believing that the Management of the Central Bank was guilty of misconduct and recklessness. it is my sincere wish that His Excellency, in line with his adherence to fairness and justice, In closing.
over the years, Memorandum Responding to THE FRCN ALLEGATIONS 1. Corporate Governance Briefing Note Allegation 1:that there is weak corporate governance at the CBN on account of the fact that the office of the Governor is fused with that of the Chairman of CBN’s Board of Directors. See Annexure A, Response: i.738Billion payment to NSPMP in 2011; b.829Billion audit adjustment journal entry into the account at the end of 2011 in respect of prepayments to NSPMP. Evidently, with both entities applying conservative accounting policies.425 Billion which allegedly is not registered with the Nigerian Civil Aviation Authority (NCAA); and (c) Associated Airline: N1.
025 Billion which allegedly did not have a turnover of up to a billion naira in 2011. The CBNneither engaged,which changedits name to Jedidiah Air Limited on 21August 2009 but only notified the CBN of the change on 28 February 2012. see Annexure C for the letter from Jedidiah Air Limited notifying the CBN of the change of name.See Annexure D for the schedule of payments made to Associated Airline Limited. Response: i. Thereafter, It is evident that as at the time theFRCN Briefing Note was written, Currency Issue Expenses Briefing Note Allegation 5:that the expenses made by the CBN on account of currency issues and sundry currency charges for the years 2011 and 2012 were identical and therefore difficult to understand. Response: i.
87 Billion in 2012. Currency Issue Expenses totalled N1. The CBN outsources the management and maintenance of its landed properties across the 36 States of the Federation and the FCT. This involves three service areas: engineering services, currency centres and training institutes.it should be noted that the CBN’s Facilities Management Agreements clearly include the supply of diesel for the operation of generators to power CBN offices in 51 locations across the 36 States and the FCT. The Diesel is paid for at pump price, which is why they are an “expense item”. The CBN does not operate in any sector of the petroleum industry. Response: i.
Fixed Assets Clearing Account is used by the CBN to record the procurement of fixed assets, some items, are sometimes posted into this account. Operation of Foreign Bank Accounts Briefing Note Allegation 8: that foreign bank accounts that were closed down were still operational in the General Ledger for over six months after the accounts had been confirmed closed by the offshore banks. The process of closing the accounts has since been concluded and the journals evidencing closure are available in the CBN. These items have since been reconciled and we have put in place an upgraded and more robust RTGS system, which would minimise reoccurrence. Missing Stockpiles of Foreign Currency Briefing Note Allegation 10:that the external audit revealed debit/credit balances of sundry foreign currencies without the physical stock of foreign currencies at the CBN Head Office. Response: i. In either event.
once crystalized, the net position is then posted to the Foreign Assets Revaluation Account. Alleged Wastefulness Briefing Note Allegation 11:that the CBN has been wasteful in its expenditure incurred in the course of 2012. This allegation is clearly at variance with the reality of the financial performance of the CBN under my leadership. For example, just before I took over office at the CBN, It is noteworthy that inthe 5 yearsof my tenure as CBN Governor (2009 – 2013),08 Billion in 2012. However, The allegations do not suggest that proper procedure was not complied with in making the referenced expenditure.
for which the FG took credit. theNigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and the Commercial Agriculture Credit Scheme (CACS), Essentially, and remain, the Board of the CBN took the strategic decision to invest in the development and training of CBN staff across all departments. We trained our staff in the most prudent manner possible and this led to the outstanding achievements recorded by the CBN during my tenure. Expenses on ATM Offsite Policy Change Briefing Note Allegation 14:that expenses on the ATM offsite policy change came to N1. To achieve this, the CBN licensed independent ATM deployers (IADs). and that a roll-out on the scale envisaged would require allowing banks to deploy ATMs outside their branches.
As a result of this change in policy, It was therefore in the interest of equity and fairness that the CBN agreed to negotiate some compensation payable to the IADs after verification of claims of the IADs by the CBN. The implementation of the policy of increasing accessibility to financial serviceshas been very successful with immense benefits to the country. For the record, this expense item is not connected with the investment of the CBN in the IILMC. As such, Rather,257Billion in 2012. In 2007 (before my tenure),2 Million on private guards.
To complement the efforts of private guards, and other sundry engagements. the CBN caters for all expenses incurred in the course of an internal restructuring of the CBN on the understanding that central banking, with constantly changing requirements and frameworks that require adaptation. Transformation of the Procurement and Support Services Department, Transformation of the Finance Department and the NIPOST PPP Project in collaboration with the Ministry of Communication for the purpose of using NIPOST locations as outlets for our Financial Inclusion Strategy. Books &Periodicals Briefing Note Allegation 18: that the expenses of the CBN on newspapers,678Billion in 2012. Response: i. however tangential.
and acquiring,The CBNincreased the number of employees entitled to access to newspapers, Legal &Professional Fees Briefing Note Allegation 19: that the CBN paid excessive legal and professional fees of N20. like any other public entity, The referenced N20. [SC 168/2007]delivered on 21 May, pension under the harmonised structure introduced by the FG. Reduced Expenses on Ethics &Anti-Corruption Briefing Note Allegation 20: that the CBN, under my watch, Response: i.
the CBN expended N34Million in 2011 to develop the Code of Business Ethics and Compliance (COBEC) as well as the Code of Conduct for staff, This explains why the expenditure dropped from N34 Million to N18 Million. The 2012 financial statements of the CBN stated that the amount paid to the two firms of external auditors for the 2012 financial year was N200Million. Response: i. All the parties agreed at Bankers Committee that the monies contributed should be invested in treasury bills for safety. The board of trustees for Sinking Fund has not been constituted as the legal framework for the Sinking Fund i. the Banking Sector Resolution Cost Fund Bill is still pending before the National Assembly. 2013 from this account. Rather the Board of the CBN approved the write-off of the loan as forbearance to Heritage Bank on 17 December, Response: i.
MDAs generally maintain bank accounts with the CBN. the CBN experienced some technical problems prior to mid-2012, which affected about 6 of the over 1000 bank accounts maintained by MDAs at the CBN, 2014. Investment in International Islamic Liquidity Management Corporation (IILMC) Briefing Note Allegation 25:that the investment in the IILMC was not brought to the attention of His Excellency, Mr President, The investment in question is permitted by Section 24 of the CBN Act, one or more of the member central banks will purchase this investment. till the date of the issuance of the Briefing Note (7th June, 2013).
However, the said share certificate, It has been and remains a cardinal policy of the CBN to comply with statutory requirements and policy guidelines of regulators. its migration to the IFRS would require extended time to comply with the Act. In view of this reality, allowed Public Interest Entities, especially in the following areas: a. Valuation of assets held in foreign currencies. Challenges around weekly Treasury Bill sales. Funding government deficit financing as enshrined in section 38 of the CBN Act 2007.
The CBN, at the time, contested in court its obligation to pay one per centum of its payroll to the ITF on the ground that the CBN is not engaged in commerce or industry, However, See Annexure R, auditors do not certify accounts but only express opinions on the financial statements. is consistent with what obtains in respect of central banks in a number of other jurisdictions. Response: i. The CBN does not have subsidiaries and the assumption that AMCON is a subsidiary of the CBN is wrong. Furthermore.
with poor disclosures of transactions and events of a financial nature. Rather, In other words, Response: i. Rather, the CBN is only required to disclose in its accounts, the portion of the bonds held by it (the CBN). the response provided to the President’s request for clarifications indicated that the management letter on the financial statements was yet to be discussed by the Board Audit and Risk Management Committee. The financial statements were presented to the board and approved on 26 February 2013. The date of approval was stated clearly on the balance sheet page behind the signature of each of the directors.
Compliance with the PPA Briefing Note Allegation 33:non-compliance with the provisions of the Public Procurement Act (PPA). is that the CBN,did not obtain ‘Certificate of No Objection’ from the BPP before awarding contracts. the CBN wrote to His Excellency, requesting for certain exemptions in CBN’s procurement process.See Annexure V. the President gave his approval to the CBN’s application. See Annexure W. See Annexure X. we provided an explanation by way by a letter of 11 August 2013.
immediately began to obtain Certificates of No Objection in respect of subsequent procurements within the stipulated threshold. the CBN did obtain Certificates of No Objection dated 17 December 2013, the BPP-appointed consultant (Messrs SadaIdris& Co) also gave the CBN a good bill of health after reviewing the bank’s procurement processesfor 2010and2011.See Annexure Z. A principal focus of the CBN Corporate Social Responsibility (CSR) policy in the last decade (even before my tenure) has been the Educational sector in Nigeria. and the Board is empowered to approve the budget and formulate policies of the CBN. It is worth noting that the CSR policy of the CBN is consistent with the activities of many other central banks of developing countries including, which are not merely physical structures. The CBN entered into Memoranda of Understanding with partner Universities to develop a holistic and multi-faceted scheme which includes the establishment of Centres for Excellence under which the CBN would, Princeton.
In this regard, Lagos · University of Maiduguri,7 Billion to the Ministry of Police Affairs for the purchase of armoured helicopters and other security equipment. viii. Also, the CBN paid N2. See Annexure CC. The CBN also initiated, the President’s approval, the President.
through the Banker’s Committee, to payN280 Million, It is also important to emphasise that the grants under the Intervention Program were duly budgeted for, See Annexure GG. it should be stated that the said MrAkingbola is a man found by a final judgment of the Courts in England to have been liable for financial improprieties in the management of the affairs of ICB. The CBN never gave prior approval to the Management and Board of ICB to write-off any particular loan. It is important to state up-front that all the non executive directors on the Board of ICB were appointed by its shareholders while Akingbola was CEO and they were the majority on the Board that approved the write-offs. the said loan write-off, involved over 1000 customers accounts, It is well known that decisions on loan write-offs in the process of recovering non-performing loans are taken by the management and board of banks in line with their internal credit policies.
after it has completed all its negotiations and agreements with its customers, to seek CBN ‘ No Objection’ approval to write-off the loans. In response to these objections, the judgement has to be exercised by those actually managing the bank in the best interest of shareholders and the responsibility lies with them. The losses suffered by the bank were therefore a result of very bad credit decisions taken by Mr. the bank’s Management explained that there were four loans totalling N9. viii. There was no waiver granted to Dr Saraki on the fourth loan as it was paid in full (plus accumulated interest). a total of N4. representing a waiver of 57.
Losses on Margin loans were common at this time in the entire industry. when AMCON purchased margin loans from Intervened banks on December 30, Without the premium AMCON would have purchased the loans at 15.17% of their book value. See Annexure HH. The Central Bank therefore cannot be held in any manner responsible for this decision as this was a position taken by the nation’s chief law officer. It is now my sincere hope that, His Excellency, Mr President will find the response satisfactory, Furthermore.
and commitment to, Signed: Sanusi Lamido Sanusi,
didn’t turn out to be a massive hit.
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