Banking Operations Are Likely To Be Affected For 4 Four Days.

If you have plans to complete any important bank transactions in the coming days, best not to postpone it to next week. Starting 2 September, banking operations are likely to be affected for 4 days.
While the 2 September is a Sunday, Monday is a bank holiday on account of Shri Krishna Janmashtami. Tuesday and Wednesday, that is 3 and 4 September will affect major banks as the RBI (Reserve Bank of India) employees are likely to go on mass casual leave for two days.
A strike has been announced by the United Forum of Reserve Bank Officers and Employees (UFRBOE). The main demands of the forum are providing an option to contributory provident fund (CPF) retainers to switch over to the pension scheme, and grant of an additional provident fund (APF) to those recruited in the bank from 2012.
It is also advisable to note that though 6 and 7 September are normal working days, they will be followed by two more holidays that is 8 September-the second Saturday of the month and 9 September-Sunday.
Please note that the RBI employee strike will not mean that the banks are closed but it will disrupt banking operations like ATM cash refilling, deposit in branches, FD (fixed deposit) renewal, government treasury operation, money market operation, etc.

Confession Time!!! Sacked DSS DG, Lawal Daura Opens Up… Reveal Those Behind The NASS Siege… He Also Mentioned IGP Idris Ibrahim [Read Confession Inside]

The sacked Director General of the Department of State Services (DSS), Lawal Daura, has finally spoken on his ordeal.
In new details which emerged on Wednesday, Daura was quoted as making three declarations:
(i) That he took all actions in national interest through a collective responsibility, including involvement of principal officers of sister agencies;
(ii) that he acted on a higher authority which he relied on to deploy agents at the National Assembly;
(iii) that the report submitted by the Inspector General of Police (IGP) Idris Ibrahim was totally incorrect.
In his interim investigation report submitted to the then Acting President, Professor Yemi Osinbajo, SAN, the IGP noted that Daura confessed that he deployed hooded operatives to the National Assembly complex based on intelligence report that unauthorized persons were planning to smuggle in dangerous weapons and incriminating items.
“The former Director-General, Department of State Services, DSS, Lawal Daura, acted unilaterally, without informing the Presidency. He did not share or intimate other Security Agencies on the unlawful operations”, Idris wrote in the report.
Osinbajo, who was in acting capacity while President Muhammadu Buhari was in London, fired Daura earlier in August.
The sack followed the seige which sparked outrage across the country and abroad.
Relaying Daura’s side of the story, one of his confidants told PRNigeria, that the sacked official lamented that neither was he given query over any issue nor indicted on his handling of affairs of the service until his sack.
The source said: “While the former DSS boss has not officially handed over up till now, his house both in Asokoro and Gwarinpa were thoroughly searched in the night and nothing incriminating were found, and all items found including necklace, praying mat, CDs, ATM card, women bags, documents and receipts have been duly returned to him accordingly.”
The source also stated that when Daura was invited by Osinbajo for the security briefing, he quickly rushed out and left some of his personal belonging including phones in the office.
The Daura-born ex-security chief disclosed that when he was whisked away and eventually sacked, he did not know his offence.
“Daura has been completely demoralised by the wide spread insinuations of working for the opposition when he took daring moves to protect the Presidency and the ruling party against the antics of the powerful opposition elements.
The allegation of being a mole is utter balderdash!
“Spymasters all over the world can be sacrificed but not to the extent of rubbishing their integrity and reputation on the altar of political considerations, especially a spymaster created by the same system, considering the delicate and sensitive nature of intelligent services.”
According to the source, more revelations about the NASS saga and the surrounding events will unfold in the weeks ahead.

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This Boy Has 9 A1s in WASSCE And 332 In UTME But Will Not Be Admitted To University (You Won’t Believe Why)

A very brilliant Nigerian boy has scored an incredible 9 A1s in his WASSCE and 332 in UTME but will not be admitted to university for a some reason.

When David Okorogheye of Starfield College, Fagba, Iju, Lagos was preparing for the May/June 2018 West African Senior School Certificate Examination (WASSCE) and the Unified Tertiary Matriculation Examination (UTME), there were high hopes that by October he would be in the university.

With the 2018 results of the May/June WASSCE and UTME out and his stellar performance, his classmates and school, parents as well as relations concluded he will secure automatic admission or be among the first on the merit list of the University of Lagos.

They were wrong. Despite his sterling performance in both examinations, the Delta State born lad was denied admission on account of his age.

He is 15 years old and a candidate must be 16 years before he/she can be offered admission into UNILAG and some other universities in the country.

His classmates, teachers and family members have resigned to fate that in the 2018/2019 admission exercise, David will not participate due to age barrier. In fact, he was not part of applicants that wrote UNILAG post UTME test recently.

Why is Nigerian currency called Naira? Find out here! 

Naira is the official currency of Nigeria. We use Naira every day to do almost everything but a lot of people don’t seem to know much about it.

If you have ever wondered how this term became the system of money that became generally accepted in Nigeria and when we started using it, then this piece is written to tell you something about the currency you spend every day.

On Monday,  January 1, 1973, the Federal Government of Nigeria introduced a new money system. Before then, the official currency was the Nigerian Pounds which was introduced in 1907 while the minor unit of the currency was Shillings.

According to the Central Bank of Nigeria, the decision to change to decimal currency followed the recommendations of the Decimal Currency Committee set up in 1962 which submitted its report in 1964.

Meanwhile, prior to the introduction of the new currency in 1973, Chief Obafemi Awolowo was the Federal Commissioner for Finance between 1967 and 1971.

And as the Finance Minister, Awolowo took it upon himself to come up with a new name for the new currency as the then Head of State, General Yakubu Gowon had reportedly announced in March 1971, that Nigeria would change to decimal currency on January 1, 1973.

When asked how Awolowo arrived at the term NAIRA, his daughter, Tokunbo Awolowo in an interview with the Punch said her father collapsed the name of the country and arrive at the term Naira.

”He just took the name of Nigeria and collapsed it to Naira. That’s what he told us and that was how he arrived at the name ‘Naira’ and that was when he was the Federal Commissioner for Finance” she said.

However, as of 1973, one Naira was the major currency unit in the country. Four years after the introduction of Naira,  a new banknote denomination of the value of 20 Naira was issued on Friday, February 11, 1977, and as a result, N20 became the first Nigerian currency bearing the portrait of a Nigerian citizen, General Murtala Ramat Muhammad. Interestingly, 26 years after Naira became the official currency of the Federal Republic of Nigeria, another denomination of the value of N100 was introduced with the portrait of Chief Obafemi Awolowo precisely in December 1999. And in a bid to facilitate an efficient payment system, the Central Bank of Nigeria introduced N200, N500 and N1000 notes in November 2000, April 2001 and October 2005 respectively.