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NIGERIA IS THE MOST FRAUDULENT COUNTRY IN AFRICA – KPMG

Respected global audit and financial advisory firm, KPMG, has rated Nigeria as the most fraudulent country in Africa, with the cost of fraud during the first half of 2012 estimated at N225 billion ($1.5 billion).

The firm’s Africa Fraud Barometer, instituted this year, measures fraud on the continent and asses the fraud risk that confronts companies in their operations.

In KPMG’s second report, issued last Wednesday, it identified Nigeria, Kenya and South Africa as accounting for 74% of the total number of cases on the African continent, with Nigeria recording the highest overall value of fraud in the first half of 2012.

Reported cases of fraud, however dropped from 520 in the first half of 2011 to 503 in the first half of 2012, and the value of fraud fell from $ 3.3 billion to $ 2 billion.

OBAMA BREAKS DOWN WHILE TALKING TO STAFF, VOLUNTEERS

The morning after he won re-election, an emotional President Barack Obama credited his youthful staff of several hundred with running a campaign that will "go on in the annals of history." "What you guys have accomplished will go on in the annals of history and they will read about it and they'll marvel about it," said Obama told his team Wednesday morning inside the Chicago campaign headquarters, tears streaming down his face. "The most important thing you need to know is that your journey's just beginning. You're just starting. And whatever good we do over the next four years will pale in comparison to whatever you guys end up accomplishing in the years and years to come," he said. The moment captured by the Obama campaign's cameras and posted online, offers a rare glimpse at the president unplugged and emotional. During the first four years of his presidency, Obama has never been seen publicly crying

OTEDOLA PLACED N250Bn SUIT AGAINST TAMBUWAL, LAWAN & OTHER

The Otedola-Farouk $620,000 bribe scandal took a new twist on Thursday with the mention in court of a N250bn libel suit instituted by Femi Otedola against the National Assembly; Speaker of the House of Representatives, Aminu Tambuwal; and the lawmaker, Farouk Lawan. In the case, Otedola is asking Justice Peter Kekemeke of an Abuja High Court to order the respondents to pay him the sum for the loss of goodwill and patronage he suffered as a result of their actions in the course of a probe into the management of fuel subsidy regime in the country. Otedola and his company, Zenon Petroleum and Gas Limited, told the court that they had suffered grave injuries to their reputation and business image, resulting in the substantial loss of goodwill, built over the years, because of the actions of the defendants. They said they would rely on all call logs and audio-visual records of conversations and meetings with Lawan to prove the case. There had been an intense public altercation between Otedola and Lawan few months back with the businessman accusing Lawan of demanding and collecting the sum of US$620,000 as part payment of a $3m bribe deal from him. He said Lawan blackmailed in order not to mention the name of his company among those that defrauded the country during the fuel subsidy regime.

HILLARY 2016

Funny but the above caption Hillary 2016 has been the hype on most websites, blogs and social sites as the world is clamoring and preparing to see her becoming the next America President.

Hillary, has served her nation in many roles and responsibilties over the years and she has done this altruistically. I think this is the reason the new Americans are looking forward to the first ever female President in person of Hillary Clinton.

OBAMA DANCED GANGNAM STYLE AFTER HIS RE-ELECTION

 

PSY is not the only one that knows how to express his happiness in his invented gangnam style, the most influential and powerful President in the world proved to him that he is also good at this.

Imagine the President expressing his victory over Romney with gangnam style.

OBAMA RE-ELECTED & EMPIRES STATE BUILDING GLOWS

The Empire State building is tonight bathed in blue light as Barack Obama won a second term in office.

Two columns of light, one red and one blue, had been winding their way up the skyscraper in a display put on by CNN.

Each column represented the number of electoral college votes secured by Barack Obama and Mitt Romney. 

But at 11.20 the building was lit completely blue as the channel predicted that the President would serve another four years in office.

Dominating the Midtown skyline of Manhattan, the Empire State Building already celebrates many cultures and causes worldwide with its iconic lighting's and this latest addition is the brainchild of CNN.

The tower changes lights to recognise key milestones such as Christmas Day and Halloween, charitable organisations such as World AIDS Day and even beloved movies such as the Disney's The Lion King.

MOTHER, 21, STABS THE NEWBORN BABY BOY TO DEATH

A 21-year-old Georgia woman was arrested Thursday after police say she stabbed to death her infant son just hours after giving birth to him.

According to officials, the mother, Cassandra Elyse Norwood, delivered the baby in secret and without any assistance in the Athens home where she lived with her parents and other relatives.

Norwood was taken to a hospital to be treated for delivery-related blood loss where she remained under guard before being transported to Clarke County Jail Friday morning.

Athens-Clarke police told the Athens Banner-Herald the 21-year-old was alone in one part of the house on Great Oak Drive when she gave birth Thursday afternoon.

AFTERMATH OF HURRICANE SANDY

REF CALLED MIKEL MONKEY — CHELSEA

The race-row that has engulfed Premier League referee Mark Clattenburg intensified further on Wednesday as two Chelsea players claimed they heard him call teammate Mikel Obi a ‘monkey’. It has emerged that the pair of unnamed stars say this is what happened during their match with Manchester United on Sunday — but the official categorically denies making any racist comments. Clattenburg has been accused of saying to Mikel, ‘Shut up you monkey’ as he booked him for dissent as well as calling Juan Mata a ‘Spanish t***’ in their 3-2 defeat at Stamford Bridge. Mystery had surrounded what Clattenburg actually said to Mikel – until these allegations were made Wednesday morning. But a source close to the referee told The Sun, “He said nothing of the sort – and he will fight this all the way. “There is a lot of noise on the pitch and the players could have easily misheard.” Meanwhile, Chelsea’s race case against Clattenburg is in serious danger of collapsing completely after it emerged that the club have employed independent lawyers to investigate the claims of their players. The club is expected to conclude their internal investigation into allegations that the referee racially abused Mikel and swore at Juan Mata. The external lawyers will then provide Chelsea with legal opinion as to whether their case will be successful. Despite issues over the available evidence, Chelsea remained robust

AJIMOBI’S WIFE RETURNS, DENIES ALLEGED ARREST

The wife of Oyo State Governor, Mrs. Florence Ajimobi, yesterday arrived in Lagos and debunked reports that she was arrested by the London Metropolitan Police for money laundering offence. She attributed the allegation of money laundering to the handiwork of mischief makers who she said were playing dirty politics to tarnish her reputation, which she has kept as the wife of a politician in her marriage of over 30 years. On arrival from London yesterday morning at the Murtala Muhammed International Airport, Ikeja, Lagos aboard a Virgin Atlantic Airways aircraft, which landed at 6.50 a.m., she described as laughable the rumour of her arrest, affirming that she only travelled last Sunday to London to accompany her child back to school. Ajimobi said she was not surprised over the capacity of people to peddle rumour, as part of the dirty politics of Oyo, saying that the true test of any human being is the ability to stand firm in times of crisis and controversy. According to her, “I am here live as you can see, I have never had any encounter with the London Metropolitan Police, and I know I will never have. It is just rumour like you said, and I think the time has come for us in Nigeria to stop playing dirty politics”: 

WHITE SOUTH AFRICANS EARN SIX TIMES MORE THAN BLACKS

White South Africans earn six times more than black South Africans nearly two decades after the end of apartheid and much remains to be done to reduce the disparities between rich and poor, the president said after the release of the country’s census, the Associated Press reports. “These figures tell us at the bottom of the rung is the black majority who continue to be confronted by deep poverty, unemployment, and inequality, despite the progress that we have made since 1994,” President Jacob Zuma said of the South Africa Census 2011 released on Tuesday. On the positive side, people’s access to basic services, such as clean water, electricity and garbage removal has more than doubled in the same amount of time, he said. And more South African dwellings have TVs than refrigerators and more cell phones than electric or gas stoves, the census said. South Africa’s population has increased by 7 million people in the last decade to 51.8 million by October 2011, according to the census. And for the first time in the three censuses conducted since 1994, the number of people identifying themselves as colored — a term used by the government for people of mixed race — is higher, at 4.62 million, than those who describe themselves as white at 4.59 million. More than 41 million describe themselves as black and 1.3 million as Indian or Asian

The Punch