Thursday, 27 February 2014
Wednesday, 26 February 2014
Tuesday, 25 February 2014
Monday, 24 February 2014
Thursday, 20 February 2014
President Goodluck Jonathan on Thursday suspended the Governor of Central Bank, Sanusi Lamido Sanusi over "various acts of financial recklessness and misconduct". This is contained in a statement by the Special Adviser to the President on Media and Publicity, Dr Reuben Abati. Abati said the president ordered Sanusi to hand over to the most senior Deputy Governor of the bank, Dr Sarah Alade, until the conclusion of on-going investigation against the suspended CBN boss. Abati said the president took the action following reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicated that Sanusi’s tenure was characterised by various acts of financial recklessness and misconduct.
Wednesday, 19 February 2014
Tuesday, 4 February 2014
South Africa’s Former President Nelson Mandela Left An Estate Valued At More Than 46m Rand ($4.13m; £2.53m), The Executors Of His Will Have Revealed.
The Mandela family trust will receive $130,000, plus royalties. Others to benefit include the governing ANC, personal staff and several schools. Mr Mandela’s third wife, Graca Machel, may waive her claims to the estate, the executors said, although she is entitled to half of it. The former president who died on December 5th 2013 left behind an estate that includes an upmarket house in Johannesburg, a modest dwelling in his rural Eastern Cape home province and royalties from book sales, including his autobiography Long Walk to Freedom. Executor Justice Dikgang Moseneke said he was “not aware of any contest” to the 40-page Will. Speaking at the Nelson Mandela Foundation in Johannesburg, Mr Moseneke said some of the estate would be split between three trusts set up by Mr Mandela, including a family trust designed to provide for his more than 30 children, grandchildren and great-grandchildren. Schools the former president attended are due to receive 100,000 rand each, as are Wits and Fort Hare Universities, for bursaries and scholarships. The family trust will receive 1.5m rand, plus royalties. The ANC will also receive some royalties, to be used at the discretion of the party’s executive committee, to spread information about the principles and policies of the ANC, particularly about reconciliation. Mr Mandela’s children each received $300,000 in loans during his lifetime and will have that debt scrapped if it has not been repaid. Close personal staff, including long-time personal aide Zelda la Grange, each get 50,000 rand. The home in Houghton, Johannesburg where Mandela died on December 5 will be used by the family of his deceased son Makgatho. “It is my wish that it should also serve as a place of gathering of the Mandela family in order to maintain its unity long after my death,” the former statesman wrote. The mood of the Mandela family when the Will was read was “charged with emotions, but it went well,” said the executor, who added that the Mandela family were “well pleased” by his Will. Despite this, there are fears the Will could set off another round of squabbling among members of his large and factious family. Justice Moseneke, who is also deputy head of South Africa’s Constitutional Court, said there was a 90-day period in which the Will can be contested. The Will was first written in 2004 and last amended in 2008.
Monday, 3 February 2014
The Lagos State House of Assembly on Monday approved a bill which bans smoking in public. P.M. News reports that offenders will be punished with a N10,000 fine, three months imprisonment or both. AllAfrica.com reports that the bill prohibits smoking prohibits all public places including libraries, museum, public toilets, schools, hospital, day care centres, public transportation and restaurants among others. Premium Times reports that any person who smokes in the presence of a child would be slapped with a N15,000 fine, imprisonment or both.