Author: straightnewsng.com

Hope of Nigerians who lost billions of naira in MMM (Mavrodi Mundial Moneybox) Pyramid Scheme has dimmed following the unexpected demise of Sergei Mavrodi, its Russian founder and businessman. In December 2016, Nigerians who put their hard-earned money in the MMM Ponzi Scheme gnashed teeth following a loss estimated at N18 billion. According to Russian media, Mavrodi, whose MMM pyramid scheme deprived millions of Russians their savings in the 1990s, died of a heart attack. Radio Free Europe/Radio Liberty reported, Monday, that the 62-year-old was rushed to the hospital late on March 25 with pain in his chest and died…

The University of Lagos, UNILAG, has announced plans to establish conventional and standard locally-built refineries to boost the nation’s refinery capacity. Professor Oluwatoyin Ogundipe, the Vice-Chancellor of the institution, who spoke at the 1st Annual General Meeting, AGM, and 2nd Alumni Lecture of the UNILAG Faculty of Engineering Alumni Association, said “Committee has been set up to under-study the process from Ahmadu Bello University, Zaria.” Ogundipe explained that the students of the school would be exposed to refining process as an institution that produced graduates in Chemical Engineering. “If you go to some of the universities in Texas, when their…

For five years, a 54-year-old house agent has successfully trounced trained lawyers in the various courts despite the fact he was not a legal practitioner in Lagos. P.M.EXPRESS reports that Mr. Isaac Anifowoshe, the father of five was among the criminal suspects arrested and paraded by the Lagos Commissioner of Police, CP Edgal Imohimi at the State Command, Ikeja. Anifowoshe popularly known as the D-Law was said to have run into trouble after he defeated one trained lawyer over a civil matter at the court and the lawyer instigated the police to investigate if Anifowoshe was actually a lawyer. It…

A 35-year-old commercial driver, suspected to have raped an undergraduate of Obafemi Awolowo University, Ile- Ife, Osun state, weekend, vowed to harm anyone who rapes any of his daughters. Waheed Yusuf, the father of three with two wives, and paraded by the Ondo state police command fingered “Satan” for his devilish act of raping a 28-year-old undergraduate. He said he would “deal ruthlessly” with anyone, who does same to any of his daughters. When asked what he would do if anyone rapes her daughter, he flared up saying” I will not take it lightly; I will not only harm the…

The Central Bank of Nigeria, CBN, and the Nigeria Inter-bank Settlement System, NIBSS, have unveiled regulatory sandbox to facilitate digital innovation by financial technology companies. Tagged “Financial Industry Sandbox”, the initiative will be managed by the newly created Financial Service Innovators Association of Nigeria (FSI), under the supervision of the CBN and NIBSS. Speaking to journalists on the sidelines of the launching of the, Mr. Musa Jimoh, Deputy Director, Banking and Payment System Department, CBN, said that the objective of the sandbox is to empower fintecs to come up with innovative digital products that will enhance achievement of financial inclusion…

Two children in Mkpang Utong, a fishing community in Mbo local government area of Akwa Ibom State were, weekend, reportedly roasted to death with several others sustaining severe burnt as fire razed the community. Although the cause of the fire could not be ascertained at the time of filing this report, Chief Ukutudo, the Chairman of Ibaka Development Organisation (IDO), lamented that the inferno wasted the lives and destroyed property worth several millions of naira. Ukutudo said: “The fire incident destroyed many houses, outboard engines, fishing boats and other properties worth millions of naira were also lost to the inferno.…

The federal government has weeded out 30,000 ghost officers from the payroll of Nigeria Police Force. Presidency sources revealed that the police payroll had the names of about 370,000 officers as well as rank and file. However, two weeks ago, when the police was brought on the Integrated Personnel Payroll System IPPIS platform, that number came down to 291,685. It was described as “very inefficient and corrupt” but that with it haven been brought on the IPPIS platform, those feeding fat from it through corrupt means would no longer be able to manipulate it. It was learnt that there had…

Seven virgin girls, adorning white dresses, used seven palm frond branches to sweep the compound of Lewis Ezeibekwe in Agba community in Ekwulobia, Aguata local government area of Anambra State to cleanse the area of incest between two siblings. The siblings, Chiadikobi Ezeibekwe, a 25-year-old Mathematics teacher and her 17-year-old sister and student, Chibuzor Ezeibekwe, purportedly married in February this year were cleansed. The virgins swept the compound after the family led by their father, Ezeibekwe were on Saturday cleansed spiritually from the act which was deemed abominable by the community. Eight members of the Ezeibekwe family knelt down before…

The Nigerian government and the Nigerian Army have dismissed allegations by a retired military general that security forces are conniving with deadly attackers across Nigeria, saying such calls are inflammatory and should be disregarded. Theophilus Danjuma, a former chief of army staff, said on Saturday that Nigerians are being killed at an alarming rate but the armed forces could not curb the bloodshed because they are also involved in it. “The armed forces are not neutral,” Mr. Danjuma said at the maiden convocation of the Taraba State University in Jalingo, the state capital, on Saturday afternoon. “They collude with the…

Do you want to protect yourself from cardiovascular diseases? Or, want to enjoy the benefits of fiber? Well, there is just one ingredient that can give you all these, in addition to many other benefits. Tiger nuts are what we are talking about! Would you like to know the many benefits of tiger nuts? What Are Tiger Nuts? Tiger nuts aren’t really nuts; they are tubers that grow under the soil’s surface. Also known as yellow nutsedge, tiger nutsedge or earth almond, tiger nuts have been used for many centuries and remain extremely popular all over the western hemisphere. Archaeologists…