CBN: New Smaller Denomination Notes Out In December

The Central Bank of Nigeria (CBN) on Friday said that the new smaller denomination notes that will come in paper form would be in circulation before December. Mr Tunde Lemo, Deputy Governor, Operations, said this while briefing newsmen on the sideline of the ongoing Annual meeting of the World Bank and the International Monetary Fund. The smaller notes are N5, N10, N20 and N50 notes. “The smaller denomination notes are being supplied by the printers and before December, you will no longer see tattered notes all over. “As I said, I have apologised to Nigerians that the reason we had old notes that are still in circulation was because of the issues around Project Cure. “We had earlier thought last year that we will transmit to a better note family which we code-named Project Cure. “But because of the issues around N5,000 notes and the resentments of changing the N5, N10 and N20 to coins, we had to go back to the drawing board and that was what has caused the delay. “According to him, the new smaller denominations will be in paper form with their features. “They will be on paper since we didn’t succeed in convincing Nigerians that those smaller denominations should be in coins. “But there will be a time in the future when we will all understand why they have to be coined. “But now, we are back to status quo ante; that is they will reappear in the old form that they were except that they are going to be in paper not polymer.” Lemo said that since 2009 the spending on printing of currency had been on the decline. He attributed that to the efficiency in distribution of the currency and printing of more of the higher denomination notes. “We used to spend N13 printing N1000 notes, if we had succeeded in printing N5,000 notes, we would have spent only N18; that meant that would have also reduced the cost of printing. “That was the message we were trying to transmit to Nigerians,” he added On the difference in the cost of printing in polymer and paper, he said that it was cheaper printing in polymer. “We would have spent less printing polymer because polymer substrate lasts four times longer than paper and it costs only 150 per cent more. “Unfortunately, whereas the substrate lasts four times longer, the ink fades pretty faster and so what’s the use of the substrate whose ink has faded and that was partly why we disengaged from polymer.” On the cashless policy, he said that there had been improvement in the use of electronic channels for money transactions in the country. Lemo said the volume of electronic fund transfer transactions were three times more than the volume of cheques. He added that N11 billion transactions were made through mobile payment last month, adding that more activity had been going on through the electronic channel unlike before. (NAN)/>

Nigeria Music Video Awards 2013 Nominees List NIGERIA MUSIC VIDEO AWARDS (NMVA 2013) NOMINEES

Video of the Year
1.Flavour – Ada Ada
2.Olamide – Duro Soke
3.Sound Sultan – Natural Something
4.D'Banj – Don't Tell Me Nonsense
5.Chidima – Emi Ni Baller
Best Afro Hip Hop Video
1.Ill Bliss – I Am Sorry
2.Splash – Church Agbasa
3.Olamide – Durosoke
4.MI – Chairman
5.Phyno – Man of the Year
Best Hip Hop Video
1.Eedris Abdulkareem – I Go Whooz You
2.Pryse – Eleto
3.Boogey – Sanctum
4.Ice Prince – VIP
5.Yung6ix – First Class
Best Afro Pop Video
1.D'banj – Don't Tell Me Nonsense
2.Sound Sultan – Natural Something
3.Goldie – Miliki
4.2face – Blood on the dance floor
5.Alabai – Ogbanje
Best Dance Hall/Reggae Video
1.Davido – All of you
2.Waje – I wish
3.Patoranking – Alubarika
4.Orezi – Rihana
5.Vector – Follow Me
Best Pop Extra Video
1. Chidima – Emi Ni Baller
2.Kcee – Limpopo
3.Solidstar – Skibo
4.Davido – Gobe
5.Harrysong – Im In Love (Remix)
Best Gospel Video
1.Ada – Bobo Me
2.Henrisoul – Blow My Mind
3.Amaray – Oke Mgbidi
4.Kefee – Celebrate
5.Solomon Lange – Yabo
Best R 'n' B Video
1.Jennifer – Ifunanya
2.Capital FEMI – Capital F.E.M.I
3.Pelli – The One
4.Nosa – Always Pray for You
5.Banky W – Yes/No
Best High Life Video
1.Flavour – Ada Ada
2.i-Mike – Adure
3.Wizboy – Halima
4.Dr. Victor Olaiya ft 2face – Baby Mi Da
5.Iyanya – Jombolo
Best Afro Beat Video
1.Starboy – Caro
2.Black Magic – Confam
3.Henry Knight – Shako
4.Burna Boy – Run My Race
5.MGabriel – Eruku Lau Lau
Best Contemporary Afro Music Video
1.Xproject – Azuka
2.Dammy Krane – Xteristics
3.Sheyman – Paper
4.Skales – Komole
5.Jaywon – Catch Me If You Can
Most popular Nigerian Music Video in Europe
1.Dizzy – Jekin Jekin
2.Tipsy – Tin Geh Geh
3.Moe Logo – Pangolo
4.Dola Billz – No Gocking
5.Spice Vision – Today na Today
Best Indigenous Concept
1.Tillaman – Ori Owo
2.MGabriel – Eruku Lau Lau
3.Flavour – Ada Ada
4.Shola Alyson – Ife
Best use of animation
1.DJ Sose – Obulu
2.Ketchy Dons – Closer n Closer
3.T-Sleek – Ma Wo mi
Best use of costumes
1.Flavour – Ada Ada
2.Dipp – Balance for Me
3.D'Prince – Goody Bag
4.Tiwa Savage – Without My Heart
5.May D – So Many Things
Best use of Choreography
1. Iyanya – Jombolo
2.Timaya – Ekoloma Demba
3.TIV – What's The Matter
4.Banky W – Yes/No
5.D'banj – Don't Tell Me Nonsense
Best Producer
1.EME Records
2.Marvin Records
3.Chocolate City
4.Kennis Music
Best Director
1.Clarence Peters
2.Squareball
3.Sesan
4.Mattmax
Most Promising Director
1.Unlimited LA
2.Matmax
3.Tyson
4.Catalyst
5.Paul Gambit
Best Editor
1.Mattmax for Don't tell me Nonesense by D'banj
2.Unlimited LA for Confam by Black Magic
3.Sesan for Sexy Mama by Inyanya
4.Clarence Peters for Durosoke by Olamide
Best Cinematography
1.Ajeh for Alubarika by Patoranking
2.Squareball for Church Agbasa by Splash
3.Matmax for Don't Tell Me Nonsense by D'banj
4.Clarence Peters for Durosoke by Olamide
5.Mr. Moe Musa for So many thinz by May D
Best Use of Visual Effects
1.Iyanya – Sexy Mama
2.Sound Sultan – Natural Something
3.Ice Prince – VIP
4.Morell – Oxygen
5.Danas – My Melody
Best Video By A NewAct
1.Sean Tizzle – Shole
2.Mystro – This Kain Love
3.Charas – Gbege
4.Sym19 – Fine Baby Girl
5.Outrageous – Am In The Mood
BestSoft Rock/Alternative Video
1.Black Magic – Repete
2.Dazzle Ra Amen – Chinekem
3.Ese Peters – Omote
4.Shola Allyson – Ife
5.Timi Dakolo – Great Nation
Best Music Video by a Minor
1.Choco Girl – Ayo
2.G Girl – Young Shall Grow
3.Mya K – My DJ
4.Ozzybosco – Tinini
5.Whitney Wonder – Africa Unite

SHOCKING: Man Impregnates Wife, 16-Year-Old Daughter Same Time

There was drama in Kilgoris when a group of women stormed the home of
a middle-aged man believed to have impregnated his sixteen year-old
daughter.
The women marched into the homestead of Samson Momposh whose daughter
is nursing a one-month-old baby. Momposh is alleged to have slept with
the standard six pupil and fathered her child, an allegation he
denied.
His wife and daughter fell pregnant at the same time and are both
nursing babies of almost the same age alleged to have been fathered by
Momposh.
The women, armed with pangas marched Momposh to the Kilgoris police
station six kilometeres away and handed him over to police officers.
The man was remanded in custody and is set to appear in court next Tuesday.
DNA samples have been collected from father and daughter and have been
sent to the labs in order to establish the veracity of the
allegations.

Nigeria declares Tuesday, Wednesday next week as public holidays

Muslims worldwide are celebrating the Eid-el-Kabir on Tuesday.
The Federal Government has announced October 15 and 16, next week
Tuesday andWednesday, as public holidays. This is to enable Muslims
celebrate the Eid-el-Kabir festival which comes up on Tuesday, October
15.
The Minister of Interior, Abba Moro, made the announcement on behalf
of the Federal Government in a statement in Abuja.
The statement, signed by the Permanent Secretary in the ministry,
Fatima Bamidele, urged Nigerians to use the occasion to pray for the
peace and unity of the nation.
The statement quoted the minister as congratulating Muslims on the
occasion. It also urged Muslims and other Nigerians to support
President Goodluck Jonathan in his sustained efforts to raise the
country to its next level of development.
The minister wished Nigerians a rewarding and peaceful celebration.
(NAN)

Pre-school crack dealer?! 4-year-old boy found with pockets full of cocaine and cash in school

Forget juice boxes and crayons. A Philadelphia preschooler came to
class with crack cocaine and cash, authorities said.
The 4-year-old boy showed his shocking contraband to another student
on Tuesday morning, who told a teacher, Philadelphia schools spokesman
Fernando Gallard told the Daily News.
"The teacher approached the pre-K student and asked him to empty out
his pockets, basically," Gallard said.
Out came $173 cash and eight dime bags.
"It looked like crack cocaine and cocaine powder," Gallard said.
The teacher seized the drugs and money and took the boy to see the
principal of the Thomas Mifflin School, who called police.
School officials evacuated the building, and a police K-9 unit swept
the classrooms before students were allowed to return.
The boy was transported to a hospital to make sure he hadn't ingested
any of the drugs.
The boy was OK, but police and school officials still wonder how a
young child got a hold of street drugs and a roll of bills.
Police were questioning the boy's uncle on Tuesday,CBS Philadelphia reported.
Authorities say the boy is a victim, not a pint-sized pusher.
Chief Inspector Cynthia Dorsey said the child didn't realize the
danger the drugs.
"It is something to play with," Dorsey told the TV station. "He showed
it to classmates."
Elementary students in the past have brought drugs and even a handgun
to school, Gallard said, but he can't remember any as young as the
boy.
He commended the classmate for notifying the teacher and said the
school and other service providers would follow up.
"Whatever the situation is that he has access to these items, we're
going to be able to provide support," Gallard said.

Miley Cyrus Offered $1m To Shoot Porn Movie

Miley Cyrus's saucy twerking has won her a very indecent proposal
after the former Disney star was offered to go one step further and
shoot a porn movie in return for a million dollars.
But the racy 20-year-old wouldn't have to get too down and dirty for
her pay cheque as adult film firm GameLink simply want the Wrecking
Ball singer to direct hardcore sex scenes for them.
The offer landed on Miley's desk offering her full 'creative control'.
The firm's vice president, Jeff Dillon, wrote to the We Can't Stop
singer:"[You've] become an empowered young woman that is unapologetic
about your lifestyle, especially when it comes to expressing your
sexuality … you are the ideal choice to show the world your vision as
an artist in the world of adult entertainment."
Alluding to Miley's spat with Irish singer Sinead O'Connor – who
dubbed Miley a pop prostitute – the firm added:"We at Gamelink feel
this gives you a chance to finally show the world you are not a little
girl anymore, and you won't bow to the pressures of the likes of
Sinead O'Connor, who is jealous of your success."

Jonathan did not ask us to look for Boko Haram leader, Shekau, Dialogue Committee chairman says

Festus Owete-3 mins ago News Kabiru Turaki said the panel has completed 99 per cent of its assignment. The Chairman of the Presidential Committee on Dialogue and Peaceful Resolution of Security Challenges in the North, Kabiru Turaki, has said the panel was not given the mandate to look for the leader of the Boko Haram sect, Abubakar Shekau, but to identify its members and dialogue with them. Mr. Turaki also said the committee had almost completed its assignment and would soon submit its report to President Goodluck Jonathan. The 26-member committee was set up in April to engage the Boko Haram sect, as part of the Federal Government’s proposed amnesty deal for the radical Islamic group. Mr. Turaki, who is also the Minister of Special Duties, was speaking with journalists, on Tuesday, in Abuja, after briefing the national leadership of the Peoples Democratic Party, PDP, on the performance of the ministry since its creation six months ago. “I think I will also ask you, where is Shekau? Now, with all sense of responsibility, we have been directed by Mr. President to identify key members of the Jama’atu Ahlis Sunnah Lil da’awati wal Jihad (Boko Haram) and then engage them in dialogue. Mr. President did not ask us to look for Shekau and engage him in dialogue,” he said. Mr. Jonathan had during his recent media chat, told Nigerians that he did not know whether Mr. Shekau was dead or not. He was responding to the claim by the Joint Task Force sometime in August that the Boko Haram leader may have been killed. Mr. Turaki added that it was important for Nigerians to understand that the committee could not immediately connect with the highest leadership. “Usually what happens is that after that we have been able to establish confidence, because it is necessary, they now deploy the lower rank of their membership to us, like a water testing mechanism. They would come to us we will discuss with them, when they go back without any molestation then at the next meeting they would deploy a higher set of members. “And this is how it has been going to the level where we now are, where we have started to engage key members of these insurgencies. But for us it does not have to be Shekau,” he explained. The minister admitted that in the course of the panel’s assignment, it came across some fake members of the sect, who came purposely to obtain money from government, insisting that the people it was currently talking to were genuine Boko Haram members. “Dialogue committee has laid solid foundation for sustainable peace to be achieved in Nigeria. Release of captives on the order of the president has also reduced the level of insurgency in Nigeria. The dialogue committee has achieved an advanced level of negotiation,” he insisted. On when the panel would submit its report, Mr. Turaki said, “We have almost concluded our assignment; 99 percent has been concluded. “In the next few days probably before the end of this week, we will finish the one percent. Then as soon as we do that, we will also inform Mr. President that we have finished and he will give us date and time to present the report.” Constituency projects The minister also disclosed that a total of N100 billion was budgeted each year for constituency projects, adding that this year alone the Ministry of Special Duties had identified over 2,399 of them.