I’m Addicted To Se'x, I Must Have Se'x Everyday’- Maheeda Reveals

On sex

A lot… I'm addicted to sex, and I have to have sex everyday.At least once everyday, and if there’s no guy around me, I’ll help myself by masturbating. I have a lot of sextoys; in fact, I’m a regular customer. It’s like food to me, and you have to eat. It is very healthy and it gives you the right curves and my body is used to it.

Yes! Sometimes I just squirt, like when am having sex, and because I am used to it and my body needs it.

On her recent trip to Europe

It was for business. I went for a birthday party of one big shot and all I needed to do was just sit down and cross my legs and then I got money in my account, which was pretty cool.No. I just sat down, sipped some champagne and made some money. I just went to cross my legs and made $3000.It was just an appearance. Isn’t that cool? Because they want to see that raunchy chick.

On her pregnancy

I got pregnant for my boyfriend about 13 years ago when I was just 17, in Kano. I think his family was tribalist because they didn’t want me around, so they offered me N2million, which was a lot of money back then, to leave the baby and go. I actually wanted to accept the money but I thought to myself, ‘Hey, you’re an orphan and this is the only blood you have.’ So, I left the money and decided to leave with my daughter

Because I was very hungry and I was coming from a very poor background. My mum and dad weren’t there. I was 14, living in the streets, where he met me, housed, and then I eventually got pregnant for him when I was 17. Ever since then it has been just me and, besides, I don’t want to ask anything because I know they wanted the child and not me, and I can’t afford to lose her. She’s the only thing that I have.

Growing up 

I never met my dad, but I knew my mum for a while, and then she died and that’s all? I don’t even know any one of my relatives.My childhood was very lonely. I was always missing this family relationship, which I think is still affecting me till today. I don’t know what love is but I think my daughter and my man are beginning to teach me.

A very nice woman took care of me after my mum died when I was 14. Before her, there was a Muslim woman taking care of me, because my mum was always dumping me with different people whenever she was going out to hustle. Two years with one person, a year with another person. It was just like that. I didn’t have a normal life, and don’t know if I still have one. The Muslim woman taught me how to pray like them. I attended Islamic lessons and learnt the recitation.

On Marriage

When I met my husband, he said he would support my career and that is what has kept me going till date.We have been married for Two years, but we’ve been dating for about 10 years

On the Nigerian mentality

The Nigerian mentality is very low. It made me look like a fool the first time I went to Europe.

The way we see things, especially seeing sex as evil and not even talking about it even though we desire it. Some people think I’m already possessed, but that’s not it. We are not taught honour and there’s just a lot we don’t know.

Controversial singer, Maheeda who was once a prostitute is known for sharing raunchy pictures of herself in a recent interview reveals that she has just started and that we should expect more from her.

The mother of one who has been married to her husband for two years now doesn't seem to bother or care about what anyone thinks of her as she discusses her love for se'x, boys, and shares her story before the nak'ed pictures.

Excerpts

Do you feel by taking off your clothes at every chance you get, that you are sending a good message to your daughter?

I don’t know, because the way people take things are very different. My daughter is now 13, and I once sat my daughter down and asked her what she thought about my video, and she just said ‘Why did you take your clothes off’, and I said I wanted to get attention, and she was like, ‘Okay’. You know the orientation in Europe is completely different from around here.

You seem to derive a lot of pleasure from flaunting your private parts. Why?

Honestly, some years back, I wanted to start wearing bum shorts on the TV, but I was scared of what people would say. But all of a sudden, bum shorts were everywhere. I wanted to wear panties also, but was also scared of what people will say, and all of a sudden everyone is wearing it. And when I wanted to get nak'ed in a music video, people were like I shouldn’t do it. But I had to do it, because I didn’t want anyone to do it before me. You know it is show business, and there are competitors.

How has being semi-nu'de majority of the time made an impact on your career?

I feel like this is one of the best peaks of my career. I was telling my team that maybe I should just keep taking off my clothes, but they are like, I have to sing. They are trying to get me to have a balance even though getting nak'ed is what brought me all the attention, but they really want me to focus on the music.

On being in your comfort zone now

Yes! I would say that, because I’m a crazy person, I love se'x, I love attention, I love boys, I love music, I love attention, I love modelling. Everything that I love is what I’m doing.

You love se'x? How much do you love it?

A lot… I’m addicted to se'x, and I have to have se'x everyday.

How many times do you have se'x in a day?

At least once everyday, and if there’s no guy around me, I’ll help myself by masturbating. I have a lot of se'xtoys; in fact, I’m a regular customer. It’s like food to me, and you have to eat. It is very healthy and it gives you the right curves and my body is used to it.

You mean your body needs se'x to function normally?

Yes! Sometimes I just squirt, like when am having se'x, and because I am used to it and my body needs it.

On Afrocandy offer to appear in her po'rn movies. Is there any chance you’ll ever do po'rn?

No way! This is working for me, so why do I have to do that?  She’s doing all that and she’s getting her money and I’m also getting the same money doing what I’m doing, so why should I do po'rn. I enjoy se'x but I’m not sure I want to do it in front of the whole Nigeria.

See Photos of the 49 Secondary School Students Killed by Boko Haram Yesterday.... *VIEWERS DISCRETION*

I have tears in my eyes as i type this piece... Early in the morning on Tuesday(25/02/2014), the Boko Haram sect attacked boarding school students of the Federal Government College Yobe, slaughtering them in null sleep. 

Initial report released to the press said that just 29 students were killed, but my dears, I can tell you as at yesterday evening, 49 young boys have been counted dead!

How long would we continue this way? I don't particularly support any government neither am I against any... But I think this is totally unheard of in any senile country in the world  that such massive carnage would happen and those in power would show no remorse and even have cold feet with respect to dealing with the defaulters. It breaks my heart because I know these deaths, these children who have fathers, loving mums and siblings looking up to them would all be swept under the carpet and forgotten. If care is not taken this carnage may repeat itself... So heart breaking...

So so so sad..... Please help beg the statesmen, I mean those in power and our past leaders, they can't keep pretending they don't know how to tackle this insurgence...... Please help us save Nigeria first before fighting for self interest..... I'm referring to PDP & APC.

New Born Baby Found in a Canal at Surulere! *SHOCKING PHOTOS*

Saw this news and it broke my heart. According to reports, this new born baby was discovered yesterday morning, but was either born early that morning or the previous night as it still had the placenta was still wrapped around its neck.

The baby was thrown into a canal at the back of Census market off Bode Thomas, Surulere and on discovering it, lots of women are gathered there, crying and cursing the mother for doing such horrible act. Sadly the baby was dead. 

What keeps bugging my mind is why would a sane person go through 9 months of pregnancy only to end it this way, women who commit these heinous acts deserve to be dealt with by the long arm of the law. May the soul of this innocent one rest in peace... Amen!

Are You Joking? Dayo Amusa Releases Video For Her Single - Unforgivable

 These actresses are not joking at all. Watch the video!

The Financial Reporting Council Report that got Sanusi suspended

President Jonathan's decision to suspend CBN Governor, Sanusi Lamido Sanusi yesterday Feb. 20th was based on a report of the Financial Reporting Council of Nigeria, FRCR dated June 7, 2013. In the report, FRCR ripped apart the 2012 audited financial statement of CBN and exposed what it termed as 'fraud', 'clear display of incompetence',and  'excesses and wastefulness of Sanusi and the CBN.'

The 13-page report claimed a whooping N1.257 billion was spent for 'lunch for policemen'. There were also bogus payments to airlines to distribute currency nationwide. The FRCR also claimed CBN has held an account with a balance of N1.423b for an unknown customer since 2008. The report had recommended the sack of Sanusi and his deputy.

You can read the full report here or continue to read a breakdown of the report..

Culled from Punch

The report read: The particulars of the infractions against Sanusi are:

Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria.

(A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria.

(B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system.

(C) Available information indicates that the Central Bank has over the years engaged in procurement of goods, works and services worth billions of Naira each year without complying with the express provisions of the PPA.

(D) By deliberately refusing to be bound by the provisions of the Act, the CBN has not only decided to act in an unlawful manner, but has also persisted in promoting a governance regime characterised by financial recklessness, waste and impunity, as demonstrated by the contents of its 2012 Financial Statements.

Unlawful expenditure by the Central Bank of Nigeria on ‘Intervention Projects’ across the country

(A) the unacceptable level of financial recklessness displayed by the leadership of the Central Bank of Nigeria is typified by the execution of ‘Intervention Projects’ across the country. From available information, the bank has either executed or is currently executing about 63 such projects across the country and has committed over N163billion on them.

(B) it is inexcusable and patently unlawful for any agency of government to deploy huge sums of money as the CBN has done in this case, without appropriation and outside CBN’s statutory mandate. It is trite that the expenditure of public funds by any organ of government must be based on clear legal mandates, prudent costing and overriding national interest.

Financial infractions and acts of financial recklessness committed by the Central Bank as reflected in its audited financial statements of 2012

(A) pursuant to Section 50 of the CBN Act 2007, a copy of the audited financial statements of the CBN for the year ended 31st December 2012 was sent to Mr. President. Based on the issues raised in the financial statement, a reaction was requested from you to enable a proper appreciation of the nation’s economic outlook.

(B) the response to this query was further referred to the Financial Reporting Council of Nigeria. The review by the council, rather than allay the fears of government, further confirmed concern bout the untidy manner in which you have generally conducted the operations of the CBN.

Some of the salient observations arising from the review are;

(A) in a most ironical manner, it has become obvious that the CBN is not able to prepare its financial statements using applicable International Financial Reporting Standards (IFFS) whereas Deposit Money Banks that the CBN is supervising have complied with this national requirement since 2012.

Undoubtedly, this laxity on the part of our apex bank, apart from calling to question its capacity for proper corporate governance, is capable of sending wrong signals to both domestic and international investors on the state of the Nigerian economy.

(B) the provisions of the Memorandum of Understanding (MOU) signed by the CBN and other Deposit Money Banks on Banking Resolution Sinking Fund have been breached in a material manner. For example, a Board of Trustees (BOT) to manage the Fund has not been constituted since 2010 when it was established. The CBN has however continued to utilise the Fund for certain operations without approval of the said BOT.

(C) contrary to section 34 (b) of the CBN Act 2007 which provides that the CBN shall not, except as provided in Section 31 of the Act, inter alia, purchase the shares of any corporation of company, unless an entity set up by the approval or authority of the Federal Government,m CBN in 2010, acquired 7% shares of International Islamic Management Corporation of Malaysia to the tune of N0.743 billion. This transaction was neither brought to Mr. President’s attention nor was a board approval obtained before it was entered into.

(D) the CBN has failed or refused to implement the provisions of the Personal Income Tax (Amendment) Act 2007. Accordingly the Pay-As-You-Earn (PAYE) deductions of its staff are still being computed in accordance with the defunct Personal Income Tax Act 2004, thus effectively assisting its staff to evade tax despite the generous wage package in the CBN, relative to other sectors of the economy.

(E) the CBN had an additional brought forward to General Reserve Fund of N16.031bn in 2012 but proceeded on a boy age of indefensible expenses in 2012 characterised by inexplicable increases in some heads of expenditure during the year. Examples include:

1. The bank spent N3.086bn on “promotional activities” in  2012 (up from N1.084bn in 2011). The bank spent this sum even when it is not in competition with any other institution in Nigeria;

2. The CBN claimed to have expended N20.202bn on ‘Legal and Professional Fees’ in 2011 beyond all reasonable standards of prudence and accountability;

3. Between expenses on ‘Private Guards’ and ‘Lunch for Policemen’, the CBN claimed to have spent N1.257 billion in 2012;

4. While Section 6(3)(c) of the CBN Act 2007 provides that the board of the CBN is to make recommendations to  Mr. President on the rate of renumeration to Auditors, the bank has consistently observed this provision in breach and even went to the extent of changing one of the Joint External Auditors without notifying the office of the President.

5. In the explanations offered by the CBN pursuant to presidential directives, it offered a breakdown of ‘Currency Issue Expenses’ for 2011 and 2012. Interestingly, it claimed to have paid N38.233bn to the Nigerian Security Printing and Minting. Company Limited (NSPMC) in 2011 for ‘Printing of Banknotes.’ Paradoxically however, in the same 2011, NSPMC reported a total turnover of N29.370bn for all its transactions with all clients (including the CBN).

6. It is significant to note that the external audit revealed balances of sundry foreign currencies without physical stock of foreign currencies in the CBN Head Office.

Questionable write-off of N40bn loans of a bank

The above issues are only a few of the infractions highlighted by the review and which point to the gross incompetence and recklessness which characterised the operations of the CBN in the period under review.

However, the  CBN also claimed that it paid Air Charter, such as payments to Emirate Airline (N0.511bn), Wing Airline (N0.425bn) and Associated Airline (N1.025bn) to distribute currency by air nationwide. Emirate Airline does not fly local charter in Nigeria, Wing Airline is not registered with Nigeria Civil Aviation Authority and Associated Airline does not have a billion turnover for 2011 because upon enquiry, the management claimed that they have no financial statements and have not had any significant operations for the past two years that will warrant preparation of financial statements.

The breakdown also include “Currency Issue Expenses” of N1.158bn and Sundry Currency charges of N1.678bn under “Currency Issue Expenses.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand.

Other areas of fraudulent activities include

1. Facility Management N7.034bn in 2012 (N5.751bn in 2011.

2. Foreign Bank accounts that have been closed offshore were still operational in the General Ledger for over six months after they have been confirmed as closed accounts by the offshore banks.

3. The “Know Your Customer” policy is not properly followed by the CBN to the extent that the CBN has unknown customer with account balance of N1.423bn since 2008. The CBN claim that it is taking steps to obtain the required details regarding the address of the customer.

Wastefulness

1. Training and travel expenses N9.24bn in 2012 up from N7.65bn in 2011.

2. Expenses on “ATM offsite policy change” came to N1.045bn.

3. Expenses on “Non Interest Banking” N1.359bn in 2012 up from N0.977bn in 2011.

The CBN is still very heavy on expenses on “Project Eagles” spending N0.606bn in 2012 up from N63m in 2011.

Expense on newspapers, books and periodicals (excluding CBN’s publications) is N1.678 billion in 2012 up from N1.670bn in 2011,

Daniel Wilson sings a full music album for President Jonathan

After years of being off the music scene, popular 90s singer Daniel Wilson, more popularly known as 'Mister Ragamuffin' re-enters the industry by recording a 12-tracks music album with almost every track featuring lyrics about President Jonathan and his administration. 

The first single taken from the album is titled 'Jonathan Dey Try'. Watch the video here ...

New Video: Dr Sid - Kilon Wa

Here's the video to Kilon Wa off Dr Sid's Siduction album, directed by Daniel Ugo. Enjoy...

Hmmm.... My Opinion!!! The beginning caught my attention but didn't really ...... not bad sha afterall

Wife killer Akolade Arowolo found guilty of murder, sentenced to death

Arowolo Akolade, the man who stabbed his banker wife to death on Friday June 24, 2011 after a domestic dispute at their home in Isolo, Lagos has been found guilty of her murder and has been sentenced to death.

Akolade appeared before trial judge Justice Lateefat Okunnu of the Ikeja High Court this morning Friday Feb. 21 and was found guilty on one-count of murder. The judge said the prosecution proved beyond reasonable doubt that he killed his wife.

"I pronounce the defendant guilty and accordingly sentenced to death,” Justice Okunnu pronounced. Akolade burst into tears after the verdict was read.

Akolade and Titilayo had been married for only two years and had a young daughter when he brutally attacked her with a knife on his birthday after they argued. Arolowo claimed in court that Titi had attacked him with the knife and eventually turned the knife on herself. The court didn't buy his story.

LAW ON REMOVAL OF NIGERIAN CBN GOVERNOR

On Thursday, 20^thFebruary, 2014, the Nigerian government announced the suspension of the Central Bank Governor, Lamido Sanusi. Not only did it come as a shock to many but it also resulted into a large debate and social commentary on the whether the President has the power to suspend the CBN Governor. The relevant provision of the law that deals with this matter is the Central Bank (Establishment) Act, 2007 which was signed into law by then President Olusegun Obasanjo.

Section 11 of the CBN Act provides for the disqualification and cessation of office of the Governor, it provides that;

(1) A person shall not remain a Governor, Deputy Governor or Director of the Bank if he is-

(a) a member of any Federal or State legislative house; or

(b) a Director, officer or employee of any bank licensed under the Banks and Other Financial Institutions Act.

(2) The Governor, Deputy Governor or Director shall cease to hold office in the Bank if he-

(a) becomes of unsound mind or, owing to ill-health, is incapable of carrying out his duties;

(b) is convicted of any criminal offence by a court of competent jurisdiction except for traffic offences or contempt proceedings arising in connection with the execution or intended execution of any power or duty conferred under this Act or the Banks and Other Financial Institutions Act;

(c) is guilty of a serious misconduct in relation to his duties under this Act ;

(d) is disqualified or suspended from practising his profession in Nigeria by order of a competent authority made in respect of him personally;

(e) becomes bankrupt;

(f) is removed by the President:

Provided that the removal of the Governor shall be supported by two-thirds majority of the Senate praying that he be so removed (emphasis supplied).

Apparently, the provision of the law on this topic is clear, however, it is expected that if the suspension is challenged in court, the honourable court will further shed more light on the validity of the order and if the president does in fact have the powers to suspend Sanusi Lamido. 

The section further provides that;

(3) The Governor or any Deputy Governor may resign his Office by giving at least three months’ notice in writing to the President of his intention to do so and any Director may similarly resign by giving at least one months’ notice in writing to the President of his intention to do so.

(4) If the Governor, any Deputy Governor or Director of the Bank dies, resigns or otherwise vacates his Office before the expiry of the term for which he has been appointed, there shall be appointed a fit and proper person to take his place on the Board for the unexpired period of the term of appointment in the first instance if the vacancy is that of-

(a) the Governor or a Deputy Governor, the appointment shall be made in the manner prescribed by section 8 (1) and (2) of the Act.

Section 8 provides that;

(1) The Governor and Deputy-Governors shall be persons of recognised financial experience and shall be appointed by the President subject to confirmation by the Senate on such terms and conditions as may be set out in their respective letters of appointment.

(2) The Governor and Deputy Governors shall be appointed in the first instance for a term of … years and shall each be eligible for re-appointment for another term not exceeding five years:

Provided that, of the first four Deputy Governors to be so appointed, one shall in the first instance be appointed for three years and two shall in the first instance be appointed for four years.

(3) The salaries, fees, wages or other remuneration or allowances including pension and other allowances payable to the Governor and to the Deputy Governors shall be as stipulated from time to time by the Board subject to the approval of the President.

(4) The Governor shall appear before the National Assembly at semi-annual hearings as specified in paragraph (b) regarding-

(a) efforts, activities, objectives and plans of the Board with monetary policy; and

(b) economic development and prospects for the future described in the report required in subsection (5) (a) of this section.

(5) The Governor shall, from time to time-

(a) keep the President, informed of the affairs of the Bank including a report on its budget; and

(b) make a formal report and presentation on the activities of the Bank and the performance of the economy to the relevant Committees of the National Assembly.

Adedunmade Onibokun

@adedunmade

“You Cannot Suspend The Truth” – Sanusi Tells Jonathan [Read Text of 1st Interview After Suspension]

“You Cannot Suspend The Truth” – Sanusi Tells Jonathan [Read Text of 1st Interview After Suspension]

For the sake of those with slow Internet and date bundle issues, I have transcribed the major parts of suspended Central Bank Governor, Sanusi Lamido Sanusi’s first interview after his suspension. He spoke to CNBC Africa. You can read the text below.

On whether he was on notice with respect to his suspension: Well, I have been told by my office that a letter was received. As you know, I flew in this morning to Niamey along with other Governors of West African Central Banks to meet with the President of Niger and President of Ghana…Fortunately, I came in with my VP Sarah Alade whom I have been asked to hand over to. I have left the meeting to hand over to her. I have just met the Nigerian Ambassador to Niger who confirmed to me that the President asked him to inform me of the decision.

On accusations of “various acts of financial misconduct and recklessness” he said: I don’t know what they are talking about. When I come back, I will see what those allegations are…I don’t think there is any issue raised that has not been raised before. We all know what this is about. This is about consequences for decisions I have taken… This is something that is long overdue. I am surprised it took them so long.

On concerns for the market: Basically, my concern is for the safety of the market…I have had a wonderful time in service to my country. I would not want to see all of my work unraveled. No individual is worth it.

On whether his suspension is politically motivated: It is not for me to comment. I am not sure that erm… I think the answer to that is obvious…there is a legal question of whether the president has the authority to suspend the Governor and whether suspension is not removal. It will be helpful to establish the principles by court.

Even if I challenge it, I will not go back to the job. Even if I challenge it successfully, I will not go back to it. I think it will be in the interest of the institution for the courts to establish once and for all if the president has the powers to do this… If it is not challenged, the next Central Bank Governor cannot be independent with fear of being suspended by a politician. I do plan to have the courts confirm if indeed that authority exists and I will challenge it.

On his legacy: He pointed out Low inflation. Stable exchange rate. Reformed and well governed banking system, robust reserve, independent central bank, financial inclusion, systems reform…history will record this, nothing is going to change that. You can suspend an individual, you can’t suspend the truth. And this is all about these concerns around oil revenues, around decadence in the oil sector and if this is going to bring about the $20 billion then that’s fine.

Sanusi Lamido also emphasized the fact that he trusted the competence of his successor Sarah Alade and the other deputy governors to continue his good work. His grouse seemed to be on the legality of his suspension and the future independence of the CBN Governor. He insisted he’d go to the courts to contest the arbitrariness of his suspension, citing the fact that the President himself did not sign his suspension letter as it was signed by the Secretary to the Federal Government. He finished by saying he had no regrets or ill feelings towards anyone on the matter.

President Jonathan picks Zenith Bank MD as new CBN Governor

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1. Reno Omokri ‏@renoomokri  1h

   President Goodluck Jonathan has sent the name of Godwin Emefiele to the Senate for confirmation as Governor of the Central Bank of Nigeria.

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President Jonathan has picked the current Managing Director of Zenith Bank Godwin Emefiele to replace Sanusi Lamido Sanusi as the new Governor of the Central Bank of Nigeria. His name has been forwarded to the Senate for confirmation. 

In a letter addressed to Senate President David Mark and read on the floor of the Senate, Jonathan who urged the parliament to treat the nomination with dispatch, said Emefiele would replace Mallam Sanusi Lamido Sanusi, whose tenure expires in June.

Bayo Adelabu, the current Executive Director at First Bank as Deputy Governor of CBN, replacing Tunde Lemo.

Sanusi was removed just a few months to the end of his tenure. His tenure was supposed to end in June 2014. Sanusi said he will challenge the decision to suspend him but will not go back to the job.

The CBN’s deputy governor, Sarah Alade, was named early Thursday as acting governor of the bank.
Mr. Jonathan said if confirmed by the senate, Mr. Emefiele will take over fully as the substantive governor in place of Mr. Sanusi whose tenure elaspes in June 2014.

The president also nominated Adelabu Adebayo as the deputy governor of the bank. Mr. Adebayo is current an executive director at First Bank.

He will succeed Tunde Lemo who retired as Deputy Governor of the regulatory bank in late 2013.

Profile of acting CBN Governor, Alade

Acting Governor, Dr Sarah Alade

DR. Sarah Omotunde Alade, appointed acting governor of the Central Bank of Nigeria, by President Goodluck Jonathan on Thursday, has been the Deputy Governor, Economic Policy for the bank since 2007. She replaces Sanusi Lamido Sanusi, who has been the governor in the last four years.

She attended the University of Ife, Ile-Ife (now Obafemi Awolowo University) where she obtained a B.Sc (Hons) degree in Economics in 1976. She also obtained an M.Comm degree at the University of Melbourne, Melbourne, Australia in 1983 and a Ph.D Management Science (Operations Research), from the University of Ilorin in 1991.

She started working in 1977 with the Ministry of Finance and Economic Development, Ilorin, Kwara State. In 1991, she joined the University of Ilorin as a Lecturer in the Department of Accounting and Finance.

She joined the Central Bank of Nigeria in 1993 as an Assistant Director in the Research Department where she served as Head, State Government Finance Office (1993-1996), Head, Federal Government Finance Office (1996-2000) and Head, Fiscal Analysis Division (2000-2004).

Dr. Alade has served on the teams on major economic policy studies, and has been involved in the preparation of Central Bank of Nigeria’s Monetary and Credit Policy Proposals over the years. She was actively involved in the drafting of the Medium Term Economic Programme (MTP) for Nigeria and the IMF staff Monitored Programme/Standby Arrangement.

She was appointed Director, Banking Operations Department in May 2004. In that capacity, she served as Chairman Board of Directors, Nigeria Interbank Settlement System (NIBSS) as well as Secretary, National Payments System Committee (NPSC).

Dr. Alade was a member of the Technical committee of the Vision 2010 and currently a member of the Technical Committee of Vision 2020 and member of the National Economic Management Team (EMT).

She is married and has children.

Facebook Buys WhatsApp For $19 Billion: CEO Mark Zuckerberg Explains Why

Facebook, on Thursday, agreed to buy mobile messaging service WhatsApp for $19 billion, making it the company’s largest acquisition. As per the terms and conditions of the deal, all 55 employees of WhatsApp including its founders will be granted restricted stock worth $3 billion that will vest over four years after the deal closes.

Facebook CEO Mark Zuckerberg posted on his Wall, explaining why he bought WhatsApp.

The text of the letter is given below:

I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.

Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.

WhatsApp is a simple, fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. More than 1 million people sign up for WhatsApp every day and it is on its way to connecting one billion people. More and more people rely on WhatsApp to communicate with all of their contacts every day.

WhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged and the team is going to stay in Mountain View. Over the next few years, we’re going to work hard to help WhatsApp grow and connect the whole world. We also expect that WhatsApp will add to our efforts forInternet.org, our partnership to make basic internet services affordable for everyone. 

WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small groups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone.

WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.

I’ve also known Jan for a long time, and I know that we both share the vision of making the world more open and connected. I’m particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook’s future as well as WhatsApp’s.

Jan and the WhatsApp team have done some amazing work to connect almost half a billion people. I can’t wait for them to join Facebook and help us connect the rest of the world.

Sanusi’s Suspension: News Analysis

President Goodluck Jonathan’s ‘suspension’, this morning, of the Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi came to the nation as a shock, or maybe, surprise. In the statement released to the media, the president’s Special Adviser on Media and Publicity, Reuben Abati, said the CBN governor was accused of sitting atop far reaching irregularities as the head of Nigeria’s apex bank.

More weighty still, the government accused Mr Sanusi of various acts of financial recklessness and misconduct. Of interest is the government’s opening line, that the Financial Reporting Council of Nigeria and other investigating bodies had investigated the CBN governor and indicated the above. This is a grave indictment. It is somewhat curious that nobody heard of these investigations, but it doesn’t in any way erode their significance if they indeed did happen. After all, the government has the right to secretly investigate people. Most people will want to see that the immediate prosecution of Mr Sanusi begins. There he can prove his guilt and confirm his innocence.

This latest move crystalizes the President’s anger against controversial Sanusi who, first, wrote him a letter on certain $49.8 billion oil revenue which the NNPC allegedly did not remit to the Federation Account, later capitulated when he, during a reconciliation meeting with the Finance Minister, Petroleum Minister and the Group Managing Director of NNPC, agreed that the missing money was no longer $49.8 billion, but $10.8 billion.

On February 4, during a Senate Hearing on un-remitted oil revenue, Sanusi blew the lid open on NNPC’s claim that it had been paying subsidy on kerosene, contrary to a standing presidential fiat during the Yar’Adua years that removed subsidy on kerosene. The same day, Sanusi revealed that there was another $20 billion unremitted into the Federation Account between January 2012 and July 2013, which NNPC had yet to account for. Sanusi’s latest revelation has opened up another chapter in NNPC’s book of opacity in financial operations.

The issues have remained in the front burner of public discourse in the last two weeks. Okonjo Iweala, Nigeria’s Finance Minister who also doubles as the Coordinating Minister of the economy, had suggested before Senate Committee on Finance that forensic audit be carried out on the books of NNPC to ascertain if money was missing and the exact amount involved determined. But her former colleague at both former President Obasanjo’s regime and the World Bank, Oby Ezekwesili, citing the possibility of compromise, would rather a panel of experts, with members from Civil Society Organisations in tow, examine the books to ascertain the exact missing figures. The debate is still on.

Reportedly irate with the CBN governor, President Goodluck Jonathan had called him on phone early last month and mandated him to proceed on his terminal leave which was due to commence in March, less than two weeks from today. Jonathan accused Sanusi of leaking the letter he wrote him about the missing $49.8b to former President Olusegun Obasanjo – who in a widely circulated open letter accused the president of trying to destroy Nigeria among other charges – had cited Sanusi’s letter which, by that time, was not yet in public domain. Sanusi reportedly rebuffed the president, reminding him that constitutionally, the CBN governor can only be sacked by a resolution of the legislature.

The Central Bank of Nigeria (CBN) Act 2007 is silent on the suspension of a CBN Governor, but it gives the president in Section 11, sub-section 2 f, the power to remove the bank’s governor ‘provided that the removal … shall be supported by two-thirds majority of the Senate praying that he be so removed.’

It is yet to be known what Mr Sanusi’s reaction to this development will be. Should he proceed to the courts, a nation in surprise will be angling to hear the interpretations of the learned men of the bench to the founding document upon which Nigeria’s apex bank stands.

While Sanusi is forced out today, the Senate is to commence hearing on the Kerosene subsidy through which millions of Nigerians have been ripped off by an organized subsidy syndicate.

Ultimately, the centre of discourse in all of this is the management of Nigeria’s wealth. And no solution, including clash of egos of the various managers of these resources should be allowed to shift the people’s attention from the crux of the matter. Will the government prosecute Sanusi for ‘financial misconducts’ during his reign as the CBN governor? Will the government pursue the latest discovery that we spent humongous sums to subsidize a product not officially recognized for subsidy? Will the government look the other way while the nation’s resources get frittered away by those hired to mange them?

The conversation continues.