Mr Olumide's Blog .com |
- How To Succeed With A Godly Perspective In Your Life, Work, Business
- Recovered $500m Abacha Loot Goes Missing?
- Manufacturing a mobile phone requires 400 components, none is available in Nigeria – Samsung
- 2019: Donald Duke, Ezekwesili, Utomi In New Alliance, To Battle APC, PDP
- Luxury & Class: The New Rolls Royce Sweptail
| How To Succeed With A Godly Perspective In Your Life, Work, Business Posted: 19 Jan 2018 03:52 AM PST  A Broken Culture One popular way to understand this scandal is to think about the culture created by executives at Wells Fargo. Executives and middle managers created a culture where the chief motto was performance at any cost. While the company had an ethics statement and some employees may have completed ethics training, supervisors gave bonuses and promotions based solely on the number of accounts employees created. Employees who wanted to do well had little choice but to go along with the culture and create the fraudulent accounts. While this kind of culture does explain the scandal on one level, why do employees go along with something that's so clearly wrong? Why do supervisors and executives prioritize performance ahead of ethical and legal considerations? The answer lies in their perspective about work. A Broken Perspective Your perspective is a lens, a way of seeing the world. One perspective sees the purpose of work as making money. More specifically, the purpose of work is to make as much money as possible. From this perspective, people make small decisions that don't seem like that big of a deal in order to make more money. "I'm a bit behind my goals for the month. This person came in for a checking and savings account, but I can set up an extra account. They might need it one day." Pretty soon, those small decisions become routine. The employee who created an account here or there to keep up with goals receives a bonus for doing so. The next time he or she is short toward the end of a month, it's too easy to create another account or two. Maybe the next month is really good, and the employee can get an even bigger bonus by setting up more fraudulent accounts. When your perspective is all about making money, things can quickly get out of hand. A Godly Perspective But God calls Christians to a different perspective. What does that mean? Look at what Solomon says in Psalm 127: "Unless the Lord builds the house, the builders labor in vain. Unless the Lord watches over the city, the guards stand watch in vain." Unless God guides your work, you work in vain. Pretty sobering, isn't it? Solomon goes on in verse two: "In vain you rise early and stay up late, toiling for food to eat." Do you ever feel like you work harder and harder without seeing any payoff? The verse finishes this way: "for He grants sleep to those He loves." God gives peace to those people who seek Him. Peace so they can sleep at night. Peace so they don't have to spend hours upon hours spinning their wheels. Part of having a godly perspective at work is making sure God is at the center of your work. Ask yourself questions like:
Just like those Wells Fargo employees, many of us are evaluated against performance goals. Those evaluations are particularly important. God cares that you do quality work (look at the parable of the talents in Matthew 25). But remember that He is the ultimate judge of your work. Colossians 3 says that you're "working for the Lord, not for human masters." With this new perspective, your talk is different. You don't lie or gossip. You respect authority, even when the boss is not looking. Those things may make you the subject of ridicule from your coworkers, who laugh at you for being soft and not cut-throat enough. You may miss out on promotions because you turn the other cheek instead of going for the kill. Remember Jesus said, "Blessed are you when people insult you, persecute you and falsely say all kinds of evil against you because of Me." So this godly perspective may not get you the promotions that others get. In fact, it may make you the subject of ridicule in the dog-eat-dog world of business. But look at what Jesus says are the benefits of a godly perspective. Immediately after saying that you cannot serve both God and money, He states, "Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear."Freedom from worry only comes when you take on a godly perspective and "seek first His kingdom and His righteousness." [written by Johny Garner]  culled from Olu famous Mr Olumide's Blog |
| Recovered $500m Abacha Loot Goes Missing? Posted: 19 Jan 2018 03:12 AM PST  The cash was recovered from the family of the late Head of State during ex-President Goodluck Jonathan's administration. It was repatriated from slush accounts in foreign jurisdictions. The foreign governments, which released the loot to the Federal Government after hard negotiations, demanded that the cash be used for concrete developments, including infrastructure, such as roads, water, healthcare and education. EFCC detectives tracking the $500million have discovered that it was diverted. Of the $500million, about $250million was released to the Office of National Security Adviser (ONSA)during the tenure of Col. Sambo Dasuki without appropriation. The balance of $250million cannot be traced yet. The Nation learnt that detectives discovered that the $250million was illegally withdrawn barely two months to the end of Jonathan's administration. Investigators are said to be working on clues that part of the cash was spent on "extraneous matters, including media services, opinion polls and personal matters". According to a fact-sheet on the investigation, the $250million was withdrawn between March 2, 2015 and April 21, 2015. About $36,155,000 (N13,015,800billion) of the $250million was also withdrawn in cash "without any purpose" on March 2nd, 9th, 16th and 18th of 2015. Detectives have retrieved documents relating to the alleged "re-looting" of the Abacha loot. In the fact-sheet, the ONSA in a memo of January 12, 2015, asked the former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, to transfer $300million . The memo said: "Please refer to our meeting on recovered funds. You are pleased requested to remit the sum of $300m and £5.5m to the following account being ONSA share as agreed. Account name: CBN (NSA Foreign Operation; Account number: -100367-USD-CABANK30 Bank; Address: 28, Finsbury Circus, London. Please accept the assurances of my highest esteem." Mrs. Okonjo-Iweala, in a memo to Dr. Goodluck Jonathan, requested for $300m from the Abacha loot. Only $250million was released to the ex-NSA. The January 20, 2015 memo said: "Attached, please find a request by the NSA for the transfer of $300m and British pounds (£5.5m) of the recovered Abacha funds to ONSA operations account. The NSA has explained that this is to enable purchase of ammunition, security and other intelligence equipment for the security agencies in order to enable them confront the ongoing Boko Haram threat. "His request is sequel to the meeting you chaired with the committee on use of recovered funds where decision was made that recovered Abacha funds would be split 50-50 between urgent security needs to confront Boko Haram and development needs (including a portion for the Future Generations window of Sovereign Wealth Fund). "This letter is to seek your approval to borrow these funds, for now, to disburse to the NSA. These funds form part of projected FG Independent Revenue to be appropriated. "In light of this and for accountability, given the peculiar nature of security and intelligence transactions, we would expect the NSA to account to your Excellency for the utilisation of the funds." On January 29, 2015, the ex-President responded to the ex-Minister as follows: "CME/HMF, approved." To back his approval, Dr. Jonathan through his Senior Special Assistant (Admin) Matt Aikhionbare, in a memo of January 30, 2015 said: "RE: Request by NSA for transfer of funds." I am directed to forward Ref A to you and convey to you Mr. President's approval. Humbly submitted for your further action, Ma'am." Detectives have discovered that only $250million out of the $300million requested was paid to ONSA. 16/2/15 In a letter of February 16, 2015, the then Director of Funds of the Office of the Accountant-General of the Federation, Mr. M.K. Dikwa, in a memo to the CBN Governor, conveyed the mandate to transfer the $250million. The memo said: ". You are hereby requested to immediately effect fund transfer as below($250m) being amount disbursed to enable for the purchase of ammunition, security and other intelligence equipment for the security agencies in order to enable them fully confront the ongoing Boko Haram threat. "As per Mr. President's approval on CME-HMF/FMF/2015/18 dated 20th January 2015 conveyed via State Houses letter No PRES/87/MF /-2/520 dated 30th January 2015. NSA's letter Ref. No. NSA/362/5 dated 5th March 2015 also refers." A source said: "The $250million was duly approved by ex-President Goodluck Jonathan; the ex-NSA did not commit any infractions. He acted in the interest of the country. It is incorrect for EFCC to assume that the $250million was diverted because it was used to purchase vital equipment." A table of how the $250million was spent was obtained by The Nation last night. An EFCC source, who spoke in confidence, said: "We will need to interact with the former Minister of Finance, Okonjo-Iweala, to guide us on the contents of her letter, especially on the legality of the withdrawal of the $250million. "We will find out what she meant by to 'borrow these funds' and these 'funds form part of projected FG Independent Revenue to be appropriated.' She should assist investigators on whether or not the ex-NSA accounted to Jonathan for the 'utilization of the funds.' A former Chairman of the EFCC, Mallam Nuhu Ribadu, had claimed that Abacha "took over $6 billion from Nigeria". He also said $2 billion was recovered when he was in charge of the anti-graft agency. The Socio-Economic Rights and Accountability Project(SERAP) had through its Executive Director, Adetokunbo Mumuni, on 21 September 2015 sent an access to information request to the President, World Bank Group, asking him to "exercise the bank's prerogative to release documents relating to spending of recovered assets stolen by late Gen. Sani Abacha". SERAP asked the World Bank President to "disclose information about the Bank's role in the implementation of any projects funded by the recovered assets and any other on-going repatriation initiatives on Nigeria with which the bank is engaged." It said: "The request is pursuant to the World Bank's Access to Information Policy (The Policy), approved by the Board on June 30 2015. SERAP notes that one of the policy's guiding principles is to maximise access to information. There is also clear public interest in Nigerians knowing about the Bank's supervisory role and specifically its involvement in the implementation of projects on which repatriated funds were spent." But Okonjo-Iweala in 2015 insisted that she had no case to answer. She said: "Former President Jonathan set up a Committee comprising the former Minister of Justice, former NSA and the former Minister of Finance to determine how best to use both the returned and expected funds for development. "The NSA made a case for using the returned funds for urgent security operations since, he noted, there cannot be any development without peace and security. Based on this, a decision was taken to deploy about $322m for the military operations, while the expected $700m would be applied for development programmes as originally conceived. "Following the discussions and based on the urgency of the NSA's memo, Dr Okonjo-Iweala requested the President to approve the transfer of the requested amount to the NSA's Office for the specified purposes. "But, as captured in the memo, she insisted on three conditions: a. only a part, not the entire Abacha funds would be spent on the arms; the rest would be invested in developmental projects as originally conceived b. the money was to be treated as borrowed funds which would be paid back as soon as possible c. the NSA's office was to account for the spending to the President who was the Commander in Chief, given the fact that the Minister of Finance is not part of the security architecture and does not participate in the Security Council. "The attempt to link the former Minister's name to any misuse of these funds for any purpose other than security as far as she understood it is totally false and cannot stand."  culled from Olu famous Mr Olumide's Blog |
| Manufacturing a mobile phone requires 400 components, none is available in Nigeria – Samsung Posted: 19 Jan 2018 12:07 AM PST  Mr Sung Yoon, the Chief Executive Officer of Samsung Electronics Africa, made this known during an interactive session with newsmen on Thursday in Lagos. The Samsung CEO said that manufacturing a mobile phone required about 400 different components, none of which is available in Nigeria. Yoon said that though Samsung was the leading consumer electronics company in Nigeria, its share of the Nigerian market is smaller to South Africa's. NAN reports that he said that the company's smartphones market size in South Africa is 80 per cent, but is lower in Nigeria. According to him, other issues that affect the building of manufacturing plant in the country are infrastructure, Return On Investment (ROI) and grey market. "We are trying to be a local company here. Building factory depends on return on investment and efficiency of the economy. "There are lots of grey products coming into the country and this will affect the return on investment," he said. He said that the company had manufacturing plants in Vietnam, China, South Africa and Korea, hence, having one in Nigeria is a thing of the future. Yoon said that Nigeria's population of 180 million was a power for the future, a reason why Samsung wanted to be part of the corporate citizenship. He said that annually, the company spent $16 billion globally on Research and Development (R&D), sold over 700 mobile phones every minute and over 41,000 every hour, globally.  culled from Olu famous Mr Olumide's Blog |
| 2019: Donald Duke, Ezekwesili, Utomi In New Alliance, To Battle APC, PDP Posted: 18 Jan 2018 11:07 AM PST  The group said it would be providing an alternative to the All Progressives Congress, APC, and the Peoples Democratic Party, PDP. Former Education minister, Mrs. Oby Ezekwesili is also a member of the group, including former Information minister, Frank Nweke Jnr, Col. Abubakar Umar (retd), Ayo Obe, Rabiu Ishyaku Rabiu, former presidential adviser, Akin Osuntokun. A statement from the NIM secretariat in Abuja, yesterday, described the group as a pro-democracy movement and pressure group of like-minded Nigerians who are committed to changing the political order, which has failed to fashion a Nigeria that works for all. "NIM is concerned that the political elite, since independence, and particularly, since the exit of the military from visible power in 1999, has proved that it is ill-equipped and unprepared for the challenge of transforming our nation from its under-developed status to one that is prosperous and can create a veritable environment for the realisation of its citizens' potentials and well-being. "It is clear that the political elite, as currently represented by the two dominant political parties, the Peoples Democratic Party (PDP) and the All Progressive Congress (APC), among others, have failed Nigerians, for lack of clear Ideology and principle on how to run the country. "Concerned that left to their schemes and antics, this class of entrenched leaders will lead Nigeria into a state of indescribable human misery, characterised by death, hunger, disease, illiteracy and manipulation. "Therefore, the NIM, being unable to continue to stand aloof, has decided to create a third political force, a platform to mobilise all citizens of goodwill and conscience towards engendering a new political system and culture in Nigeria, capable of bringing about the desired opportunities for all to actualise their dreams and potentialities; a nation where no man or group is oppressed." The statement noted that to drive NIM's vision are: Dr. Olisa Agbakoba (Co-Chair); Dr. Jhalil Tafawa Balewa (Co-Chair); Professor Pat Utomi (Deputy Chair); Rabiu Ishyaku Rabiu (Deputy Chair); Comrade Isah Aremu (Deputy Chair) and Chief Akin Osuntokun (Deputy Chair). Other officers include Hajia Aisha Aliyu (Women Leader), Mr Dayo Israel (Youth Leader), Dr Osagie Obayuwana (Legal Adviser), Hajia Shetu Alfa Ibrahim (Treasurer), Mallam Naseer Kura (Publicity Secretary), Col. Abubakar Umar Dangiwa (Ex -Officio), Dr Oby Ezekwesili (Ex -Officio) and Mrs Ayo Obe (Ex-Officio), Sir Olawale Okunniyi (National Secretary/Director General). Chairmen of standing committees are: Mr Donald Duke (Finance Committee); Prof Jibrin Ibrahim (Ideology Commission); Comrade Najeem Usman (Political Commission); Mallam Tanko Yinusa (Mobilisation); Mr Wale Ajani (Students & Youth); Mr Taiwo Akinola (Diaspora Commission); Mr Tony Uranta (Strategy & Engagement) and Mallam Shittu Kabir (Contact/Logistics).  culled from Olu famous Mr Olumide's Blog |
| Luxury & Class: The New Rolls Royce Sweptail Posted: 18 Jan 2018 09:07 AM PST |
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