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N50bn to NELFUND was not a donation – EFCC

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The Economic and Financial Crimes Commission (EFCC) has refuted reports that it donated N50 billion to the Nigerian Education Loan Fund (NELFUND) from its recovery account.

EFCC’s spokesperson, Dele Oyewale, said in a statement on Thursday, that the N50 billion fund was not a donation by the commission but part of the recovered proceeds of crime remitted to the government.

According to EFCC, President Bola Tinubu decided to allocate the funds to the student loan scheme as part of his social intervention policy for vulnerable populations.

EFCC noted that it is not its responsibility to determine how the government utilises the recovered proceeds of crime.

It added that the student loan scheme is a salutary innovation which has the potential to reduce youth involvement in criminality.

The anti-graft agency, however,  disclosed that it would monitor the use of the funds to ensure accountability and the realisation of the scheme’s objectives.

The statement reads; “EFCC’s N50billion to NELFUND Not Donation The Economic and Financial Crimes Commission, EFCC, wishes to clarify the reports in a section of the media today, August 14, 2024, purporting that the Commission donated N50billion to the Nigerian Education Loan Fund, NELFUND from its recovery account. The said fund was not a donation by the Commission but part of the recovered proceeds of crime remitted to the government.

“President Bola Ahmed Tinubu in furtherance of his social intervention policy for the most vulnerable segments of the population, decided in his wisdom, to plough the money into funding the critically acclaimed student loan scheme. It is not the place of the Commission to determine where the government commits recovered proceeds of crime.

“But the student’s loan scheme is a salutary innovation which has the potential to reduce youth involvement in criminality. As the Commission’s Chairman, Ola Olukoyde disclosed during a courtesy visit to the Commission by the NELFUND’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr on August, 13, 2026, the EFCC will monitor the use of the funds to ensure accountability and the realization of the objectives of the Scheme.”

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SCRABBLE JAMZ:• Record entries for 5th edition of Janet Adowei Memorial Scrabble Classics

.As Organizers urges 17 players to regularize their NSF licensing statu A record number of players have registered for the 5th edition of the Janet Adowei Memorial Scrabble Classics (JAMSC), which begins on Saturday at the Chevron Recreational Club, Gbagada, Lagos, Nigeria.We gathered that 117 players drawn from 20 states of the Federation completed their registration online by midnight Wednesday the 13th of November.

A member of the Organizing Committee, Khaleel Adedeji told FIRST ZEALMEDIACAST BLOG that this is higher than the 72 participants during the 4th edition won by Ryan Jacob of Team Akwa Ibom.

However, 17 players who have registered are yet to complete their Nigeria Scrabble Federation NSF licensing formalities and regularize their player’s status and failure to do so may prevent them from competing at the Classics.

A good number of established and highly rated players who are yet to be cleared for the Classics and they include Olatunde Adigun, Ogun State strong man Olufemi Gbadebo, 2022 winner of the prestigious Lekki Scrabble Classics, James Ewruje and a player some Gambia dread, Abiola Oyinloye.❌OLATUNDE ADIGUN❌OLUFEMI GBADEBO❌ABIOLA OYINLOYE❌JAMES EWRUJE❌ITUAH IYASELE❌JULIUS ADEYEMI❌OSUNTOPE MICHAEL❌ISIDORE EMOAVWOYAN❌JAMES ETENG❌ABDULSALAM BAYO❌OMIDIRE CHARLES❌JANET IWUAGWU❌OWOLABI SAHEED❌ESANGBEDO AKHERE❌ONYEBUCHI OKECHUKWU❌FRANCIS AWONAYA❌ABDULAZIZ OTHMANWe can authoritative tell you that this edition of Janet Adowei Memorial Scrabble Classics (JAMSC), has a very rich and strong cast of scrabble show boys and girls.

The roaster is led by current African Champion Oluwatimilehin Doko, former African champion Enoch Nwali, the Classics’ defending champion Ryan Jacob and serial winner John Aiyedun.

2023 South West Closed winner Cyril Umebiye, National Sports Festival medallist and a member of Team Nigeria to major outings Emmanuel Umujose is in the mix, alongside African Games gold medallist Adebisi Adekansi and the 2024 All Nigeria Amazons Scrabble Championship Queen Bukunmi Afolayan.

Two members of Team Nigeria to the African Games in Accra, Ghana, Abdulmumin Jimoh and Tega Okiemuta who were also in Kigali, Rwanda with George Ezinore who came second are other heavyweight wordsmith in attendance along with Samuel Adebola, hard man Babatunde Adeagbo as well as Babajide Alagbada the winner of the Intermediate event in Lekki.

It noteworthy to mention that player with the highest number of wins in a single National Open Championship Segun Durojaye is another confirmed actor this weekend with the 2016 NSF Green Jacket winner Dipo Akanbi.

It’s interesting to mention that Segun Durojaye last big win on the board this year came at the Pyramid Scrabble Mega Retreat that has the signature on Dipo Akanbi the captain of Nigeria’s current club champion.

Adeyemi Adeosun, Dokun Esan, Musa Lateef, Kareem Jamiu, Joseph Okere, Hassan Wasiu, Anthony Odok, Segun Adegbenro, Sunday Oshodi and Tunde Sapuru are plotting a coup d’etat for the super heavyweight including the defending champion Ryan Jacob.

The Classics in its 5th year is in three Divisions:✓ Masters✓ Intermediate ✓ OpensThe cut-off rating point is 1,400 and above for Masters, 1,100-1,399 points for Intermediate while it is 0-1,099 rating points for the Opens Division.

It’s an 18 rounds of games competition rated by Nigeria Scrabble Federation (NSF) and will run for two days, games start by 10am daily with the 2021 Collins Scrabble Dictionary as the reference material.750,000 Naira is the top prize money for the Masters category and lots of spot prizes will be up for grab at the Classics that is supported by Nigeria Scrabble Federation, Mind Games Incorporated and Lekki Scrabble Club.Over 3.5 million naira will be shared as prize money.

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Breaking: Oborevwori Presents N936 Billion “Budget of Fiscal Consolidation” for 2025

Delta State Governor, Rt. Hon. Sheriff Oborevwori, on Thursday presented the proposed 2025 budget of N936 billion to the State House of Assembly for deliberation and approval.

The Governor arrived at the Assembly complex around 10 a.m. to a warm reception from enthusiastic staff who sang and danced to welcome him.

The vibrant atmosphere underscored the significance of the event, which marks a pivotal step in the state’s governance and development planning.

While unveiling the budget, aptly titled the “Budget of Fiscal Consolidation,” Governor Oborevwori highlighted its focus on human capital development and infrastructure expansion.

He emphasized that the proposed budget reflects his administration’s commitment to building a sustainable future for the people of Delta State.

A breakdown of the budget reveals significant allocations to key sectors:Road Infrastructure: N230 billion, the largest allocation, aimed at improving connectivity and boosting economic growth.

Education: N67.42 billion to enhance the quality of learning and access to educational facilities.

Health: N30.55 billion to strengthen healthcare delivery and infrastructure.Water Resources: N11.03 billion to ensure access to clean water for communities.

Agriculture: N7 billion to support farmers and boost food production.

Governor Oborevwori urged the Assembly to give the appropriation bill speedy consideration, emphasizing the importance of these investments in driving economic development and improving the quality of life for residents of Delta State.

The budget presentation signals the administration’s focus on fiscal responsibility and prioritizing sectors that directly impact the well-being of the people.

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Music artiste, Davido delves into football, floats Clubside

Afrobeat superstar Davido has made headlines once again, this time with a bold move into the sports industry.

The celebrated artist has acquired a new football club, named 30BG FC, which is set to compete in the 2024 Lagos Liga.

This exciting development was announced in a viral post shared by the Lagos Liga X account on Wednesday evening, sparking widespread conversation across social media platforms.

The announcement read: “THE WAIT IS OVER! Introducing 30BG Sports Club to Lagos Liga 2024.

The 001 has landed. Davido, a globally acclaimed singer, transcends music and entertainment, impacting culture, politics, and more.“Opponents, beware! Davido’s arrival makes the competition riskier.

But will 30BG FC emerge victorious?”Known for his chart-topping hits and global influence, Davido’s venture into sports ownership adds another dimension to his multifaceted career.

While he has always been a cultural icon in music, this move demonstrates his commitment to extending his influence into new arenas, including sports and community development.

The 30BG FC project is expected to not only boost the Lagos Liga’s profile but also create opportunities for young talents in the local football scene.

This announcement comes hot on the heels of another celebrity acquisition in Nigerian football.

Just two weeks ago, Tacha, a prominent Big Brother Naija reality star, made a similar splash by purchasing her football club.

The trend of Nigerian celebrities investing in sports is becoming increasingly popular, with music heavyweights Burna Boy and Don Jazzy also owning football clubs.

This wave of investments underscores the growing appeal of football as a business venture and a platform for societal impact.Fans and analysts alike are eager to see how 30BG FC will perform under Davido’s ownership.

His reputation for excellence in the music industry has raised expectations, with many predicting that the club will adopt a competitive and innovative approach in the league.

The Lagos Liga, known for its vibrant matches and passionate fan base, will undoubtedly benefit from the heightened visibility that Davido’s involvement brings.

For Davido, this is more than just a business move; it’s a statement of intent.

The “Omo Baba Olowo” hitmaker has consistently used his platform to champion Nigerian culture and empower the youth.

His foray into football is yet another example of his dedication to inspiring change and fostering growth in various sectors.

As Lagos Liga 2024 approaches, all eyes will be on 30BG FC. Will the club live up to the hype and establish itself as a formidable force? One thing is certain: Davido’s presence will add excitement and intrigue to the league.

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Tragic Blaze at Spanish Retirement Home Claims 10 Lives

"Tragic Blaze at Spanish Retirement Home Claims 10 Lives"

A deadly fire that broke out overnight at a retirement home in Villafranca de Ebro, located in northeastern Spain, claimed the lives of at least 10 individuals, according to the local emergency service on Friday.

The emergency services in the Aragon region shared limited information in their X post, though Spanish media reported that 82 people were present at the facility when the fire started around 5:00 am (0400 GMT), with the cause still unknown.

More details later…

AFP

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Customs Chief Honors Late COAS Lagbaja’s Legacy in Strengthening Nigeria’s Security

Customs Chief Honors Late COAS Lagbaja's Legacy in Strengthening Nigeria's Security

The Comptroller-General of Customs, Bashir Adeniyi, praised the late Chief of Army Staff, Taoreed Lagbaja, for his invaluable contributions to national security, describing him as a leader known for his unwavering commitment and selflessness.

Customs Chief Honors Late COAS Lagbaja's Legacy in Strengthening Nigeria's Security
The Comptroller General of Customs Bashir Adeniyi

Adeniyi shared these remarks in a statement released on Thursday by NCS spokesperson, Abdullahi Maiwada.

He expressed that Lagbaja’s passing is a tremendous loss not only for his family, the military, and the government but for the entire Nigerian people.

Adeniyi extended his condolences to Lagbaja’s family, his colleagues, and the Nigerian Armed Forces.

He announced that the NCS had rescheduled its Gala and Award Night, originally planned for Friday in Abuja as part of the Comptroller-General of Customs conference, to pay tribute to the military leader.

“This decision is taken to allow NCS to identify with the mood of the nation in mourning Lagbaja.

“The NCS acknowledges the weight of this moment; we join all to mourn the passing of a steadfast leader,” he said.

According to the News Agency of Nigeria, Lagbaja’s body was brought to Abuja on Thursday ahead of his burial set for Friday.

Lagbaja passed away on November 5 in Lagos following a short illness.

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Stephen Akintayo dreams Trump’s appointment as US International Secretary

Nigerian entrepreneur, Stephen Akintayo is dreaming of President Donald Trump's appointment as the US International Secretary for Housing and Land Banking

Nigerian inspirational speaker and serial entrepreneur, Stephen Akintayo is dreaming of landing an appointment from President Donald Trump as the United States (US) International Secretary for Housing and Land Banking.

Akintayo revealed his dream on Friday morning in a post he shared on his official X account.

“BREAKING NEWS! Wow! Who would have thought that one day, I’d be part of a story where Donald Trump and Stephen Akintayo are mentioned in the same breath?,” he wrote.

“Looks like all my posts supporting Trump’s policy direction on housing and land banking over the years have finally come full circle.”

Akintayo who is currently the Chief Executive Officer (CEO) of Stephen Akintayo Consulting International, Gtext Group and Investment Limited, however, added jokingly: “This news just had me cracking up, now if only this were true.

“From my posts about his business sense to my cheers for his election strategies, it is clear I have seen a lot of values in Trump’s approach to leadership, love him or not.

“And here is the thing: if Trump did offer me this position, I would bring some African flair to it. Imagine mixing our culture’s resilience with American land strategies!

“We would make property investment great again in ways no one has ever seen before! So, what do you all think? If this was real, should I take the role?”

Akintayo is a graduate of Microbiology from the Olabisi Onabanjo University (OOU), Ogun State, Nigeria.

While in his fifth year in the university, the 38-year-old entrepreneur started a Student Trade Fair on his campus.

He thereafter studied Digital Marketing Consultancy at the Digital Marketing Institute and Harvard University in the US.

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