James Otis Arrested For Destroying Donald Trump's Hollywood Walk Of Fame Star

The millionaire activist who admitted smashing up Donald Trump's Hollywood Walk of Fame star called the Republican nominee a 'serial liar and a misogynist' as he explained his actions on Thursday.

James Otis, 52, an heir to the Otis Elevator Company fortune, was arrested on Thursday for taking a sledgehammer and pick-ax to the $30,000 tourist attraction.

He told reporters a short time after he was released from jail on $20,000 bail, that he did it to show support for women who have accused Trump of groping them.

'He's a serial liar and misogynist and that's why we're here: to try to address that and help those women who told Mr. Trump they won't stand for it anymore,' Otis said

Omoni Oboli Celebrates 16th Wedding Anniversary With Throwback Pic

The actress and her husband are celebrating their 16th wedding anniversary today and here is what Omoni penned down. So sweet!

Do you know what today is? It's our anniversary 😍😍😍 It's been 16 years baby! About 17 from this picture when you came to see me on one of your many weekend trips to Uniben @nnamdioboli #MyForever

How can someone love so unconditionally and completely? With you, I can almost understand how much God loves us. I don't even know if I love myself as much as you love me. Your loves completes me, it strengthens me and makes me believe in myself. Thank you for loving me for this long.
Ps: You asked for another child yesterday, I will consider it (I'm scared though lol)
I love you forever my voltron 😍😍😍😍😍😍 #16WeddingAnniversary #NnamdiOboli #Love #Family #OkaforsLaw

Rob Kardashian Reportedly Very Insecure Over Blac Chyna Relationship

Rob Kardashian is "very insecure in his relationship" with Blac Chyna and is reportedly suffering from trust issues when it comes to their relationship.

A source told People magazine:
"He is very insecure in his relationship with Chyna."They’ve had many instances and fights in which he accuses or suspects that she’s cheated. His issues with trusting girlfriends are deep-rooted."
Rob's insecurities appear to have been aggravated by a pictured that surfaced of his fiancee Chyna and singer Pilot Jones, the man who was seen kissing his fiancee Blac Chyna.

The father-to-be is alleged to be under "criminal investigation" after allegedly sending intimidating texts to Jones.According to TMZ, Pilot Jones received a string of messages from the reality star, including one which said: "Leave my wife alone. I'm not playing with you.

James Parker Dumps Mariah Carey

Mariah Carey's fiancee, James Parker has reportedly dumped her over her extravagant spending.The Australian billionaire who proposed to her with a $10million ring also fell out with her over her reality show ,Mariah's World.
According to Woman's Day, a family friend who confirmed the split said Parker told Mariah she could keep the $10 million engagement ring .

Woman Bags 90 Years Imprisonment Over N5.9 Admission Scam(Photo)

A Federal High Court in Enugu on Thursday convicted and sentenced one Mrs Chika Charles to 90 years in prison for a N5.6m university admission scam.

The jail term comprises three years on each of the 30-count charge preferred against her by the Economic and Financial Crimes Commission, a statement by the commission’s Head of Media and Publicity, Mr. Wilson Uwujaren, s aid.

The statement said that the sentences would run concurrently from the date of her conviction.The presiding judge, Justice D. Agishir, found Chika guilty of swindling three young Nigerians to the tune of N5.6 million. During the trial, the court heard that the convict obtained the money under the guise of helping her victims to secure admission into the Enugu State University of Science and Technology (ESUTH).
'
She was said to have perpetrated the crime through her unregistered non-governmental organisation (NGO) known as Bold and Dynamic Gender Initiative. One Simon Chidubem and Friday Ali, both at large, were named as her accomplices, while Okudoh Obinna was mentioned as one of the victims. But Chika ran out of luck in 2007 when one of her victims petitioned the EFCC on her fraudulent activities'

NAN

EFCC: Abati Granted Bail, Bala To Spend More Days

The Economic and Financial Crimes Commission has secured a court order to hold a detained former Minister of the Federal Capital Territory, Senator Bala Mohammed.

The EFCC has also granted the former Special Adviser to former President Goodluck Jonathan, Dr. Reuben Abati, an administrative bail.

A competent source in the commission said on Thursday that the commission decided to secure the order to detain the ex-FCT minister because the operatives in charge of his case had not concluded ongoing investigations.

An Action Against Tinubu Is An Action Against The Yoruba Race- Fayose

Ekiti state Governor, Ayodele Fayose yesterday repeated his statement about a former Lagos State Governor and National leader of APC, Ahmed Bola Tinubu saying an action against Tinubu, is an action against the Yoruba race, though some Yorubas have frowned against it. He also called that Falae and others need to be protected as well.

The governor made the statement in Ado Ekiti yesterday while receiving the Ooni of Ife, Oba Adeyeye Ogunwusi, at the palace of the Ewi of Ado Ekiti, Oba Rufus Adejugbe.

Tinubu is believed to have fallen out of favour with President Muhammad Buhari while Falae is under investigation by the Economic and Financial Crimes Commission for allegedly receiving part of the missing security funds from a former National Security Adviser, Col. Sambo Dasuki (retd.). The governor said;

Aisha Buhari Makes U-Turn,To Support Her Husband

President Muhammadu Buhari’s wife, Aisha,  made a u-turn following her controversial BBC interview where she expressed her dissatisfaction about the APC led government, she even went as far as saying she will not support her husband in 2019. However Mrs Buhari on Thursday reassured Nigerians that she was committed to the success of her husband’s administration.


In her first public comment since the furore ignited by her criticism of her husband’s administration in an interview she granted the BBC Hausa Service, Mrs. Buhari said she was relieved that the administration had started to fulfill some of the promises the president made during the electioneering campaigns.



Mrs. Buhari spoke when she paid a visit to Benisheik, one of the liberated towns of Borno State, to flag off the distribution of relief items to displaced rural women. She made the gesture under the Get Involved initiative, a sub-component of her pet project, Future Assured.

Jimoh Ibrahim Emerge PDP’s Governorship Candidate In Ondo

The Independent National Electoral Commission, INEC yesterday evening named Mr. Jimoh Ibrahim as the candidate of the Peoples Democratic Party for the November 26 governorship election in Ondo State. Mr. Alabi Ebenezer Omotayo was named as his running mate.

Immediately the names were forwarded, the camp of the factional National Chairman of the party, Senator Modu Sheriff, into wild jubilation. However, that was not made to be in the camp of Senator Ahmed Makarfi as their candidate, Mr Jegede no longer has a chance.

Until the commission released the final list of all the candidates that would contest the election, the name of Jegede was put on its website as the candidate of the PDP.

In a letter sent to the Ondo State Resident Electoral Commissioner, Mr. Segun Agbaje, the commission described the list as FINAL. So now you have it, Jimoh Ibrahim is PDP’s candidate for the Ondo State Governorship election.

Aisha Buhari's BBC Interview, Not The Values Of A Decent Wife- Women's Group

The Adamawa League of Women Empowerment has said that Aisha Buhari’s recent BBC  Hausa Service interview “breached the norms and values of a decent housewife of a serving president.”

They also described it as “ill-timed and counter-productive,” saying it was critical of President Muhammadu Buhari’s approach to governance.

At a press briefing in Yola on Thursday, the women through their spokesperson, Ms. Maryam Ibrahim, said that Aisha, who is a Fulani woman from Yola, did not exhibit the character expected of a Fulani woman who should respect the traditional “Pula’aku.”


Pula’aku is a traditional value of Fulani. Based on Islam and on the prudence of the FulBe people, Pula’aku is taught by the parents to the children and by the clan leaders.

Self Acclaimed Wizard Found In Sapele After His ‘Jet’ Crashed

A man, who confessed to newsmen that he was ‘flying’ from Benin Airport, Edo State, to attend a meeting in the United Kingdom, before watching a football match going on simultaneously in the coven, also in the United Kingdom, was, yesterday, discovered at Ajogodo River, Sapele, Delta State.

Fuel finished in my ‘private jet.’ Fuel finished in my ‘private jet.’ The self-confessed wizard said: “I was flying in with what is known in the physical realm as ‘Plantain Leaf,’ but it is actually my expensive private jet in the coven realm.

“It crashed me into this bridge, when the fuel in it finished. My members will be here tonight to refuel it for me, so I can continue my journey to the UK.

“I have to be in the UK to watch football, because there is economic recession, unemployment and inflation in Nigeria.”

Please Fight To Make Love Work-Tyrese Begs Couples

Musician and actor, Tyrese took to Instagram to celebrate love and air his thoughts on the importance of having someone to call your own..He wrote

Say whatever you wanna say........ I'm strong, I'm independent, I can do bad all by myself, I don't need no man I'm good.... fellas...... I'm out here gettin this money I don't GAF about a B?? Still clubbin every night, popping bottles with random models...... putting chicks on flights every other day to fill that empty void.... smashing every model, video vixen you can....... but something IN you still feels lonely........... there IS a suck thing as having a women IN your bed and still feeling alone cause other than what y'all are doing for each other IN that bed you really could care less....... because you're alone doesn't mean you're lonely...... but don't independence your way into loneliness....... this is grown man and grown woman season - Pride and ego is the devils work..... I hope you call him or her back and take that more serious..... everyone wants someone to all their own....... I am praying for all couples, engagements, and marriages I'm celebrating LOVE around he world..... I'm begging you please FIGHT to make love work.... don't let her leave fellas after you KNOW you're the one who made the mistake.....: team no pride and no ego..... God bless you!!!!

32 Men Including Soldiers,Police Men Arrested For Leaking Information To Boko Haram

The Nigerian army has given an update on the crackdown on suspected Boko Haram terrorists collaborators and saboteurs.This comes after 13 soldiers were wounded and many missing during a surprise Boko Haram attack on troops at Gashigar in the north of Borno State.

According to a statement by the Acting Director Army Public Relations,Colonel Sani Kukasheka Usman
Please be informed the ongoing investigation on suspected Boko Haram terrorists collaborators and saboteurs in the fight against terrorism and insurgency has led to the arrest of 9 more persons over the last 24 hours, thus bringing the number to 32, this comprise of 2 officers, 2 soldiers, 2 policemen and 26 civilians. Many more suspects would be arrested and prosecuted based on evidences against them and level of culpability.

Seized $15m: Patience seeks N200m damages

A Federal High Court in Lagos has fixed December 7, 2016 to hear the N200m fundamental rights enforcement suit filed by wife of ex-President Goodluck Jonathan, Patience, against the Economic and Financial Crimes Commission and Skye Bank Plc to challenge the freezing of four bank accounts containing $15m.

The EFCC placed a ‘No Debit Order’ on the four accounts opened in the name of four companies which were linked to a former Special Adviser on Domestic Affairs to ex-President Jonathan, Waripamo-Owei Dudafa.

But Patience had sued the EFCC and Skye Bank claiming the ownership of the $15m found in the four bank accounts.

Donald Trump’s Hollywood Walk Of Fame Star Destroyed(Photo)

Donald Trump’s Hollywood Walk of Fame star was destroyed by a vandal rendering the fixture completely unreadable, according to Deadline Hollywood.

The vandal was dressed in a city construction worker, taking his sledgehammer to the five-point brass star at approximately 5:45 am.

The man reportedly said he wanted to remove the souvenir so that it could be auctioned off, with the proceeds set to go toward helping the women who have come forward in recent weeks to accuse Trump of sexual assault.

Police Arrest Wife Over Failed Assassination Attempt On Her Husband In Lagos

Suspected fleeing assassins – Chigozie Nworie and Kingsley Ofotele, have been arrested in Ogun State by the Police while escaping to Anambra State with their victim’s Range Rover Jeep – a Sport Utility Vehicle(SUV).

The two suspects and another yet to be apprehended, attacked their victim, Mr Tochukwu Onyebuchi, in his Compound at Ajah area of Lagos State using cutlass and rods before pouring acid on him, but Tochukwu survived the assassination attempt.

The Nation gathered that the suspects were hired by the victim’s banker – wife, Oluchi Onyebuchi, to eliminate her husband even as she also supplied the weapons used in the botched assassination bid to the suspects.
The Police Commissioner in Ogun State, Ahmed Iliyasu, who paraded the suspects before reporters at the Eleweran Headquarters of the Police Command, said the suspects were taken the SUV to Oluchi’s brother in Anambra as instructed by her when the Police in Ogun arrested the at Ijebu – Ode stretch of Sagamu – Benin expressway last Wednesday.

World's Richest Man,Bill Gates Reveals His Children Won't Inherit His Fortune

The world’s richest man Bill Gates has admitted he will not be leaving his $81 billion fortune to his three children instead giving it away to charity when he dies.

Appearing on ITV’s This Morning the Microsoft creator, says his kids understand his decision.

The 60-year-old said:

“Well, our kids receive a great education and some money but they will go out and have their own careers."It's not a favour to kids to have them have huge sums of wealth. Because it distorts anything they might do, creating their own path.”This money is dedicated to helping the poor and they know that ,they are proud of that .They travel with us and see work being done.."

Amber Rose Buys $371K Rolls-Royce As Birthday Gift For Herself

Amber turned 33 on October 21 and Amber Rose treated herself with a $371,000 birthday gift on Tuesday. The podcaster and TV personality was seen picking up her brand new Rolls-Royce in Beverly Hills just days after her BFF Blac Chyna purchased one for $400,000.

Speaking to TMZ, Amber admitted she had chatted with Chyna about the high end luxury car and decided to buy one herself. She told the website: 'It's a birthday gift to myself!'

However, unlike her pal, who got white with a purple interior, the former DWTS contestant opted for a tan interior with a white exterior. What friends do together, lol. Lovely!

Ciara & Russell Wilson Are Expecting their First Baby Together!

The R&B songstress and NFL star are expecting their first child together, Ciara confirmed on her birthday via Instagram. The pregnant star wrote, “On this special birthday I received an abundance of love from friends and family…and I’m excited to finally share one of the greatest gifts of all that god could give.”

Wilson posted a sweet image on his own Instagram and wrote, “The greatest blessing of all. Forever grateful.”

Revlon’s Global Brand Ciara already has a 2-year-old Future Zahir with ex, rapper Future.

Dancer Kaffy Blast Davido & Other Popular Artists

@kaffydance has a message for @davidoofficial and other artists that disrespect dancers | @Regrann from @kaffydance - ENOUGH IS ENOUGH!!! It's alright if artiste don't need us . We are artistes ourselves . It is very disrespectful for you to look down at and trample on people who in one way or the other contribute to where u are today. Dance is our widows mite to a lot of your careers . All u need to do is respect us. Even other people under you suffer ur arrogance from stylist to band men. This message is for those of you that disrespectfully disregard us dancers especially. @davidoofficial if u don't want dancers express it way before U agree to allow them dance than when u about to climb the stage u decide u don't need us again.or tell dancers not to come near u while u perform .wtf. It's not ur fault we have learnt our lesson and we thank arrogant artiste like u as this will not continue for long. Nowadays artiste take a piss. People pay a lot of money to see u come out and give a good show it requires more than u jumping all over the place with no content . Even some artiste in other countries who perform alone still plan their craft. They practice they rehearse the Are never tired of doing better than their last. But here most don't care only few like @peterpsquare and @rudeboypsquare @2niteflavour @tiwasavage @efya_nokturnal @iamseyishay @dareydarey even @jidenna a one man performer plans his craft for his fans. (This is to mention a few out of the few) to those who still respect our craft.

A video posted by BellaNaija (@bellanaijaonline) on Oct 25, 2016 at 10:45pm PDT

Sambo Dasuki Didn’t Steal $2.2 billion – Goodluck Jonathan

Former President Goodluck Jonathan has come to the defense of his former National Security Adviser, Sambo Dasuki.

Dasuki is presently facing trial for the embezzlement of funds meant for purchase of equipment and other logistics for the war against the insurgents, Boko Haram, in the North-East.

Speaking at Oxford University in the United Kingdom, Jonathan maintained that Dasuki didn’t steal $2.2 billion.

In a statement by his Media Adviser, Ikechukwu Eze, the former President said that he worked for next the generation during his tenure and not next election.

Defending his administration’s Transformation Agenda, he said that it was designed to engage the latent potential in the entire nation and stimulate higher productivity.

Those Working With Buhari Are Corrupt And Will Be Investigated – EFCC Chair

The Acting Chairman of the Economic and Financial Crime Commission, Ibrahim Magu, said on Tuesday that the EFCC was investigating some officers of the current administration under President Muhammadu Buhari.

Magu said this had become possible because the governing All Progressives Congress, under Buhari, had the political will to fight corruption in the country.

Also, Magu said the President had given an order to investigate any Nigerian, no matter how highly-placed.

Seyi Law Shares Photo Of His Daughter With Powerful Message

Seyi Law and wife Stacy Ebere welcomed their first child on September 30th, after five years of marriage and 9 years together.

The Comedian took to his Instagram hours ago, where he shared cute photos of his daughter and wrote..

"When I think of the gift the Lord has placed in my hands,
The Joy that has continually flown in my heart,
Thoughts of the journey we will go together,
The imaginations my head can't phantom,
And the victories we have gotten,
I count it all as undeserved blessings.
He picked me from the lowness of the Busstop,
He lifted me off the industry of insults,
He raised me above the wills of those that tried to raise others above me,
He brought me light when darkness around me prevailed,
And He gave me testimonies that hurt their soul.
He changed my story, wiped my midnight tears and gave me TIWALOLUWA OLUWADEMILADEOLA CHIDERA AVIELLA, a Princess of many nations to rule.
You can call me:
#DaddyTiwaloluwa #DaddyOluwademiladeola #DaddyChidera #DaddyAvielle

Update On Bala Mohammed, Abati In EFCC’s Custody

Former Federal Capital Territory Minister, Bala Mohammed, and the ex-Presidential Spokesman, Reuben Abati, have been united in the custody of the Economic and Financial Crimes Commission, EFCC, and are likely to spend more time there until further notice, Vanguard reports.

This indication emerged last night when competent officials of the anti-graft agency snubbed suggestions for their immediate release, arguing that they were not yet through with investigation into their alleged criminal offences.

The development came as EFCC served former Aviation Minister, Femi Fani-Kayode, with fresh charges over new evidence that he received the sum of N26 million from the embattled former National Security Adviser, Col. Sambo Dasuki, for undisclosed reasons when he served as the Spokesman for the Goodluck Jonathan Presidential Campaign Organisation.

N2bn Cocaine In Container: Our Hands Are Clean -Nigerite

Multinational roofing firm, Nigerite has expressed readiness to cooperate fully with the Nigeria Police Force and the National Drug Law Enforcement Agency, NDLEA, in their investigation into the suspected cocaine worth N2 billion found in one of the containers it used to ship in raw materials from New Zealand.

A statement by its Marketing Research and Communications Manager, Victor Jolaoso, however dissociated the company from the cocaine importation. He also called for restraint to allow security agencies do their job.


According to him; “The company expressed its readiness to cooperate fully with the police and the National Drug Law Enforcement Agency (NDLEA) in investigating this case, asking stakeholders to let the Police and NDLEA conduct their investigation, and expressing confidence that the outcome of the investigation will completely vindicate Nigerite. “

The company reiterated that it was not involved in the packing and containerisation of the goods, and had nothing to do with the trafficking of cocaine, which is neither a raw material requirement for its operations nor part of its production processes.

The release stressed that Nigerite, a highly compliant company with reputable local and international shareholders, had been operating in Nigeria for over 57 years and that during this period it had complied strictly with Nigerian laws and regulations.

Children Blows Whistle On Child Traffickers

A couple, Mujidat Wahab and Ayobami Wahab, and two other women have been arrested by the Ondo State Police Command for alleged child trafficking in Ondo town, Ondo State.

The Divisional Police Officer in charge of the Funbi-Fagun Police Division, Mr. Olu-Ojo Ogunmoyole, said the suspects who specialised in street begging business were indigenes of Ibadan, Oyo State.

He said they were arrested with five underage children, who were between ages eight and 10, in various locations in the community after complaints by residents of the town.

 “The suspects always pretended to be blind and went about with the young boys to beg for alms on a daily basis,” he added.

20-Year Old Beheads Woman In Other Not To ‘Run Mad’

A 20-year-old man identified as Emmanuel Effiong has said he beheaded a woman at the Aba park on the instructions of a mad woman, who allegedly advised him to throw a human head into a river or he would go mad.

“I gave a mad woman money one day in Aba and she told me to look for a skull or human head and throw inside a river or I will go mad.

“One morning, when I saw a lifeless body in front of the park, I decided to cut off the dead woman’s head for the exercise. I threw the head into the Aba River to remain a normal person,” he said.

Effiong made the confession while in the custody of the police. He had been arrested by police operatives in Aba, Abia State in connection with a threat to kidnap and kill one Ikechukwu Udogu.

It was gathered that the search for Effiong started when the police got the information that an unknown person, through a phone text, threatened to kill one Udogu, if he failed to pay him a N15m ransom.

Ex-Presidential Spokesman Reuben Abati Arrested

Former Senior Special Assistant to former President Goodluck Jonathan on Media, Dr. Reuben Abati has been arrested.

According to Premium Times, he was arrested on Monday by operatives of the Economic and Financial Crimes Commission (EFCC) for allegedly receiving some money from the former National Security Adviser (NSA), Sambo Dasuki.

He  spent the night with the anti-graft agency.

Fani Kayode Slumped In EFCC Custody- Media Aide

A former Minister of Aviation, Femi Fani-Kayode, slumped in the custody of the Economic
and Financial Crimes Commission.

The Special Assistant to Fani-Kayode on Media, Jude Ndukwe, raised the alarm in a statement On Monday night. Ndukwe said Fani Kayode slumped in the custody of the EFCC on Saturday.

Operatives of the EFCC had last Friday re-arrested Fani-Kayode outside the premises of the Federal High Court on Oyinkan Abayomi Drive, Ikoyi, Lagos.

Fani-Kayode was picked up after attending his trial over an alleged fraud of N4.9bn before Justice Muslim Hassan.

He was arrested as soon as he stepped out of the courtroom after the judge had adjourned further proceedings in his trial till November 14 and 15, 2016.

Ndukwe said in the statement that his boss had been on medication.

He said, “Although Chief Femi Fani-Kayode had yet to complete the recovery therapy he was undergoing after spending the initial 67 gruelling days in the EFCC custody wherein he was also physically attacked by one of the commission’s agents, in deference to the law and the Commission, he painfully but willingly cut short his therapy and medical checks to attend court proceedings.

“One would have thought that these were enough to convince EFCC that Fani-Kayode was very willing to face his persecutors in court. But rather than be humane in their conduct,
the EFCC hounded him for the umpteenth time on that fateful Friday and have since kept him in custody.

“It is, therefore, little wonder that based on the history of his medical condition which the commission is very much aware of, Chief Femi Fani-Kayode slumped while in detention on Saturday, October 22, 2016.”

Punch

Cattle Grazing, Roaming Banned In FCT

The Federal Capital Territory (FCT) has commenced fight against cattle grazing and roaming in the Abuja city centre. A Ministerial Task Team on Environment under the Chairmanship of Squadron Leader Abdullahi Monjel, has been inaugurated to keep the animals off the streets of Abuja.

The ban on cattle movement in the city came amidst protests by residents that the animals constitute nuisance and threat to lives.

The FCT Minister, Malam Muhammad Bello, has met with members of the Miyatti Allah Cattle Breeders Association of Nigeria, FCT Chapter on the matter. At the meeting held in his office, the minister directed the association to nominate some of its educated young men to be part of the committee. He reiterated that herdsmen must move their cattle out of the Federal Capital City because there is no way, such animals can co-habit with the residents.

Malam Bello emphasized that even for safety reasons, cattle should not roam on the streets and highways in the city and this is not because the government wants to prevent cattle breeders from raring cattle in the Territory.

Tension As Over 200 Herdsmen With Families, Cattle Arrive In Enugu Community

Tension and protest, yesterday, greeted the arrival and settlement of over 200 herdsmen and their cows at Agu Obodo, Obeagwu Ozalla in Nkanu West Local Government Area of Enugu State.

The protesting community members said they were overwhelmed by over five trucks that off-loaded the herdsmen, their families and cows in the community and is asking the herdsmen to leave their land within three days as their people can no longer go to their farms.

President-General of Ozalla Development Union, ODU, Chief Afam Ani, who led the protesting women, youths and traditional rulers yesterday, said the herdsmen’s arrival, weekend, caused considerable anxiety and panic in the town, with his people living nearest to farm settlements abandoning their farms and dwellings and taking refuge in other parts of the town.

N145 Per Litre Of Petrol Not Possible Now- NNPC

As Nigerians grapple with recession, the Nigerian National Petroleum Corporation, NNPC, Monday reminded the nation that the sale of petrol at N145 per litre was no longer feasible with the current price of foreign exchange.

The Group General Manager, Crude Oil Marketing, NNPC, Mr. Mele Kyari, stated this at this year’s Oil Trading and Logistics Expo, OTL, holding in Lagos.

He said: “We have a very difficult business environment. It is impossible today to import products at the current market price, at current fixed foreign exchange, FOREX rate.  There is no way today you can take products to retailers and sell at N145. It is not possible. If that is true and I believe that it is, because we all go to the market. Why can’t we sell above N145? That is where legislation should come in.”


Kyari, who explained that the current price was not realistic, however, said that any official increase by the government would not go down well with the citizenry as it will be resisted.

“I also know today that it is impossible for this government to announce tomorrow that petrol is about N150. This government cannot sustain it. That is the truth. The people will not accept that figure.

‘’That is why suppliers are not importing. It is not FX. We have created a niche market for the FX. I am part of the committee allocating FX. We gave FX. It was rejected. The reason being given is that FX is not enough to import. But that is not true.

“The truth is that marketers go back to the market and land it here, that you are required to sell it at N145 maximum. I am sure they won’t make it. We won’t let you do it today.

That is the main reason people are not importing today. It is not FX,” he added. Kyari further explained that Nigeria was still in a subsidy regime, as the NNPC took the bulk of importation to ensure that petrol was sold at the official rate of N145 per litre.