Translational inhibition due to CHEAP RETIN-A the fact that the path of the excitation occurs Br neuron. recurrent inhibition     Carried intercalary brake cells (Renshaw). Axons of buy nolvadex online canada motor neurons often give collaterals (branches), ending with Renshaw cells. Renshaw cell axons terminate on the body or dendrites of the motor neuron, forming inhibitory synapses. Arousal that occurs in motor neurons travel in a straight path to the skeletal muscle, as well as collaterals to inhibitory neurons, which send impulses to motoneurons and inhibits them. The stronger the motor neuron excitation, the more excited Renshaw cells and the more intense they exert their inhibitory effect, which protects nerve cells from overstimulation. lateral inhibition    
 

[ Masterweb Reports: Press Release For Immediate Release ] - The Emirates Group turnover hits $25.8 billion with a huge workforce of 105,000. Emirates today announced its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel.
 
Released today in its 2016-17 Annual Report, the Emirates Group posted an AED 2.5 billion (US$ 670 million) profit for the financial year ending 31 March 2017, down 70% from last year’s record profit. The Group’s revenue reached AED 94.7 billion (US$ 25.8 billion), an increase of 2% over last year’s results, and the Group’s cash balance decreased by 19% to AED 19.1 billion (US$ 5.2 billion) mainly due to the repayment of two bonds on maturity and ongoing high investments into its fleet and aircraft related assets.
 
In line with the current business climate and to support the future investment plans of the Group, no dividend payment will be made to the Investment Corporation of Dubai (ICD) for 2016-17.
 
His Highness (H.H.) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “Emirates and dnata have continued to deliver profits and grow the business, despite 2016-17 having been one of our most challenging years to date.
 
“Over the years, we have invested to build our business capabilities and brand reputation. We now reap the benefits as these strong foundations have helped us to weather the destabilising events which have impacted travel demand during the year - from the Brexit vote to Europe’s immigration challenges and terror attacks, from the new policies impacting air travel into the US, to currency devaluation and funds repatriation issues in parts of Africa, and the continued knock-on effect of a sluggish oil and gas industry on business confidence and travel demand.”
 
In 2016-17, the Group collectively invested AED 13.7 billion (US$ 3.7 billion) in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives.
 
Sheikh Ahmed said: “These investments will further strengthen our resilience, even as we extend our competitive edge, and adapt our businesses to the volatile business climate and fast changing consumer expectations. 
 
“We remain optimistic for the future of our industry, although we expect the year ahead to remain challenging with hyper competition squeezing airline yields, and volatility in many markets impacting travel flows and demand.
 
“Emirates and dnata will stay attuned to the events and trends that impact our business, so that we can respond quickly to opportunities and challenges. We will also progress on our digital transformation journey. We are redesigning every aspect of how we do business, powered by an entirely new suite of technologies. Our aim is to deliver more personalised customer experiences, and seamless customer journeys, and make our operations and back-office functions even more efficient.”
 
Across its more than 80 subsidiaries and companies, the Group increased its total workforce by 11% to over 105,000-strong, representing over 160 different nationalities.
 
Emirates’ total passenger and cargo capacity crossed the 60 billion mark, to 60.5 billion ATKMs at the end of 2016-17, cementing its position as the world’s largest international carrier. The airline increased capacity during the year by 4.1 billion Available Tonne Kilometres (ATKMs), or 7% over 2015-16. 
 
Emirates received 35 new aircraft, its highest number during a financial year, comprising of 19 A380s and 16 Boeing 777-300ERs. At the same time 27 older aircraft were phased out, bringing its total fleet count to 259 at the end of March. This fleet roll-over involving 62 aircraft was the largest programme it has ever managed in a year, and it brought Emirates’ average fleet age down significantly to 63 months, compared with 74 months last year, and the industry average of 140 months. 
 
During the year, Emirates launched six new passenger destinations: Fort Lauderdale, Hanoi, Newark, Yangon, Yinchuan and Zhengzhou; and one new additional freighter destination: Phnom Penh. It also added services and capacity to nine cities on its existing route network across Africa, Asia, Europe, the Middle East, and North America, offering customers even greater choice and connectivity.
 
Against significant currency devaluations against the US dollar and fare adjustments due to a highly competitive business environment, Emirates managed to keep its revenue stable at AED 85.1 billion (US$ 23.2 billion). The relentless rise of the US dollar against currencies in most of Emirates’ key markets had an AED 2.1 billion (US$ 572 million) impact on airline revenue, and to the airline’s bottom line. It was the 2nd largest measured in a financial year after last year.
 
Total operating costs increased by 8% over the 2015-16 financial year. The average price of jet fuel fell slightly during the financial year. But due to an 8% higher uplift  in line with capacity increase, the airline’s fuel bill increased by 6% over last year to AED 21.0 billion (US$ 5.7 billion). Fuel is now 25% of operating costs, compared to 26% in 2015-16, but it remained the biggest cost component for the airline.
 
Overall passenger traffic growth continues to demonstrate the consumer desire to fly on Emirates’ state-of-the-art aircraft, and via efficient routings through its Dubai hub.
 
Emirates carried a record 56.1 million passengers (up 8%), and achieved a Passenger Seat Factor of 75.1%. The decline in passenger seat factor compared to last year’s 76.5%, is relative to the strong 10% increase in seat capacity by Available Seat Kilometres (ASKMs), and also in part due to lingering economic uncertainty and strong competition in many markets.
 
Under pressure from the weakening of all major currencies against the USD, passenger yield dropped to 24.7 fils (6.7 US cents) per Revenue Passenger Kilometre (RPKM).
 
To fund its fleet growth in a year of record aircraft deliveries, Emirates raised AED 29.1 billion (US$ 7.9 billion), using a variety of financing structures.
 
Emirates continued to tap the Japanese market for the Japanese Operating Lease (JOL) structure and Japanese Operating Lease with a Call Option (JOLCO) on both A380-800 and Boeing 777-300ER aircraft, while further accessing a diverse institutional investor and bank market base including Korea, the United Kingdom, Germany and Spain. Further and owing to the suspended Export Credit Agency (ECA) support, Emirates successfully structured an innovative AED 4.4 billion (US$ 1.2 billion) commercial bridge facility with US and Chinese institutions.
 
These deals align with Emirates’ strategy to seek diverse financing sources, and underscore its sound financials and the strong investor confidence in the airline’s business model.
 
Emirates closed the financial year with a healthy AED 15.7 billion (US$ 4.3 billion) of cash assets. 
  
Emirates continued to invest in refreshing its product and services in line with changing customer needs. The airline revealed its enhanced A380 Onboard Lounge which will enter service in July 2017, and announced a significant, multi-million dollar deal with Thales to equip its future Boeing 777X fleet with Thales’ AVANT inflight entertainment system. 
 
In an airfreight market that remained challenging with fast-changing demand patterns, Emirates’ cargo division reported a revenue of AED 10.6 billion (US$ 2.9 billion), a decline of 5% over last year, while tonnage carried slightly increased by 3% to reach 2.6 million tonnes.
 
Emirates’ hotels recorded revenue of AED 738 million (US$ 201 million), an increase of 5% over last year in a highly competitive market mainly in the UAE.
 
In its 58 years of operation, 2016-17 has been dnata’s most profitable yet, crossing AED 1.2 billion (US$ 330 million) profit for the first time. Building on its strong results in the previous year, dnata's revenue grew to AED 12.2 billion (US$ 3.3 billion), up 15%. dnata’s international business now accounts for 66% of its revenue.  
 
In line with revenue growth, the number of aircraft handled by dnata in the UAE increased 2% to 216,000, and Cargo handling by 4% to 714,000 tonnes showing a first turnaround sign of the cargo industry’s ongoing malaise. 
 

Adekunle Olushola
Social Media Manager

JSP Communications
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*Photo Caption - As seen.

[ Masterweb Reports: Isiaka Wakili reports ] - The Acting President, Yemi Osinbajo, is yet to receive the passed 2017 budget from the National Assembly, Daily Trust has learnt. The legislature had on Thursday passed the 2017 Appropriations Bill, jerking up the estimates from N7.28trillion proposed by President Muhammadu Buhari last December to N7.44trillion.
 
A source at the Presidency told our correspondent last night that the acting president and other Presidency officials would begin to scrutinise the document as soon as the National Assembly forwarded it. The source, who craved anonymity, was responding to a question on when the acting president was likely to assent to the budget.
 
“In the Presidency, we have finalised arrangements for a thorough scrutiny of the document. We will do some cross checking to find out whether there are any strange items or infractions. It is after this is done that the issue of signing the budget will come up,” he stated.
 
The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, yesterday confirmed to our correspondent on the telephone that the legislature was yet transmit the passed budget to Osinbajo.
 
Enang, who disclosed that the legal department and the Office of the Clerk of the National Assembly were working on the document, however, said the legislature had not done anything wrong by having not sent it to the acting president as yet.
 
*Photo Caption - Nigeria Acting President, Yemi Osinbajo

 

[ Masterweb Reports: Isiaka Wakili reports ] - The Federal Executive Council yesterday approved the introduction of new International Certificate of Vaccination or Prophylaxis otherwise called yellow card for the country.
 
Yellow card is a proof of vaccination required for going to or from countries that are at a risk of yellow fever. 
 
The Minister of Health, Professor Isaac Adewole after the FEC meeting said the new yellow card could not be forged as it has advanced security features.
 
“One of the challenges we had in the past with the current yellow card is that it could be issued by anybody and those who did not even receive the vaccination could also, in fact, get a card signed for them.
 
“With this new card, you cannot fake the yellow card. Using a card reader, we can also document your vaccination status. So, we know whether you have been genuinely vaccinated or not and as soon as we start the roll out, we will let the Nigerian community know about the date of commencement. 
 
“We will also let them know with the existing card they are holding and when we will phase-out the old one,” the minister stated.
 
*Photo Caption - Nigeria new yellow card

[ Masterweb Reports: Isiaka Wakili reports ] - President Muhammadu Buhari this afternoon observed juma'at prayer at the State House mosque. The president, alongside his aide-de-camp, chief security officer, personal physician and State Chief of Protocol, arrived the mosque at exactly 1.30pm.
 
Buhari's absence at the mosque for the weekly prayer last Friday as well as his failure to attend the Federal Executive Council meetings three times had elicited speculations about his health condition.
 
Those who joined the president for Juma'at prayer today included the Minister of FCT Muhammed Musa Bello and the Attorney-General of the Federation, Abubakar Malami.
 
Others were National Security Adviser Babagana Monguno, the acting chairman of the EFCC Ibrahim Magu, Director-General of the Department of State Security Lawal Daura and the chairman of the National Hajj Commission of Nigeria, among others.
 
*Photo Caption -President Muhammadu Buhari 

[ Masterweb Reports: Isiaka Wakili reports ] - The Federal Executive Council yesterday approved N1.524 billion for five projects in the aviation sector. The Minister of State for Aviation, Hadi Sirika told State House reporters after the FEC meeting that the projects included the appointment of transaction experts to carry out the advisory services on establishment of national carriers and establishment of aviation leasing company.
 
Others were the establishment of maintenance repair and overhaul centre, establishment of airport city and the concession of airports.
 
He said the contracts were awarded to Messrs Luftansa Consulting/TN Aero for the national carrier, Messrs Arrow for the aviation leasing company and Messrs Infrata Dantens for the concession of airports.
 
The minister said the establishment of MRO was awarded to Messrs Arrow; while aerotropolis and agro cargo terminals were awarded to JEBB.
 
*Photo Caption - As seen.

[ Masterweb Reports: Isiaka Wakili reports ] - The Federal Government said President Muhammadu Buhari chose to rest Wednesday rather than attend the Federal Executive Council meeting.
Information Minister Lai Mohammed said while addressing State House reporters after the FEC meeting presided over by Vice President Yemi Osinbajo.
 

The minister explained that though the president was in the office on Tuesday, his doctors advised him to take some rest.
 
He said Buhari deserved commendation for being transparent in the matter concerning his health.
 
He said: “I know you will want to know why the President was not at the meeting. You are also aware that the President was at his office yesterday (Tuesday) and worked at the office.
 
“I think about a few days before now we did come out to say he has been asked to take some rest by his doctors and he chose today (yesterday) to rest instead of attending the Federal Executive Council (FEC) meeting.
 
“I want to use this opportunity to thank Nigerians who have expressed a lot of concern and sympathy and those who have been praying for him. We always said Mr President will stick to his doctors’ advice so that he can recover much more quickly."
 
He dismissed a media report that Buhari's health had deteriorated to the level that he was being fed intravenously.
 
“It is absolutely bunkum. It is absolutely untrue that he is being fed.
 
“He was in the office yesterday as you all reported. And if the doctor says `oh, you take a rest’, I think you recover faster when you rest and when you ought to rest rather that forcing yourself to work when you are not fit to work.
 
“All he is doing is that he is following the doctors’ advice.
 
“So, whatever is happening today is not any new development. Is actually what he said that he has been advised to take it easy by his doctors and that he would soon also go back for further medical attention in the UK."
 
*Photo Caption - President Muhammadu Buhari

 
 



[ Masterweb Reports: Ihechukwu Njoku reports ] - In a bombshell announcement that shocked congregants and viewers of Emmanuel TV alike, Nigerian Prophet T.B. Joshua declared his intentions to leave Nigeria and relocate his ministry to the nation of Israel.
 
Speaking to a rapt multi-national audience at his church service on Sunday 30th April 2017, Joshua disclosed that he had just returned from the ‘Holy Land’ after holding meetings with three prominent Israeli mayors of Jerusalem, Tiberias and the Jordan Valley.
 
According to the cleric, they offered both land and facilities in an area around the biblical site of the Sea of Galilee for the Nigerian Pastor to organise meetings for international pilgrims.
 
“This is where my Father in Heaven came from – it’s non-negotiable,” Joshua explained, adding it was not a decision he undertook lightly.
 
“It’s the best place for you to meet Prophet T.B. Joshua. After your healing, blessing and deliverance, you can move around all the spiritual monuments which will establish your faith,” he further clarified.
 
Joshua said his decision to leave was not connected to the “persecution” he endured during his ministry.
 
However, he hoped the move would help people to “appreciate” what his ministry had been contributing to both the local economy and Nigeria’s international image.
 
“This is the most persecuted ministry in the world. Who are the people persecuting the ministry? My people, Africa,” Joshua bluntly stated, adding that this ‘treatment’ had led him into a life of virtual isolation.
 
“That is why I choose to live a lonely life. If you want to see me, come to this church. I don’t go out. It has not been easy – because I don’t know who is a friend or who is an enemy. If you learn T.B. Joshua is not around, I am in a revival. I live in the church here. I don’t have a house outside.”
 
“Anytime you pray, remember Africa in prayer,” the cleric solemnly continued to an audience which included over 3,000 foreign nationals who flew into Nigeria to attend the church service. 
 

“Many heroes and great people have been chased out of Africa. There are many geniuses in the Western world who are originally from Africa.”
 
The cleric pointed to the example of heavyweight boxing champion Anthony Joshua who was allegedly turned down by Nigerian sporting authorities when he wanted to represent the country.
 
“What happened to me from the beginning of my ministry is enough to chase me out of this country - but I am still in your midst. Upon the persecution and hatred – I decided to follow the path of love. You show hatred; I show love. When I go for a revival, you will see the stadium full but I am not carried away by that. I leave where I’m celebrated to live where I’m persecuted.”
 
The cleric then advised congregants: “Where you are not celebrated is the best place to stay, to get strength. When you are in the midst of a battle, you are building yourself. That is why I decided to stay where I am not celebrated here in Nigeria. When the grace of God is amid challenges, it gets stronger.”
 
According to the cleric, the invitation to Israel came due to the growing popularity of Joshua’s television channel Emmanuel TV, which is especially known on YouTube.
 
“Your life can preach a better sermon than your mouth,” he exhorted the congregation, stating that the Israeli officials had observed his ministry from afar before inviting him.
 

No timeframe for the move was specified in the service and it was not clear whether activities in The SCOAN's Ikotun-Egbe base would cease entirely.
 
Joshua concluded by counselling people: “Don’t destroy your relationships beyond repair because the person who fights you today can be your saviour tomorrow.”
 

The shock announcement will come as a blow to Nigeria’s religious tourism industry.
 
 
Statistics from the Nigerian Immigration Services revealed that six out of every ten travelers to Nigeria go to The SCOAN, with countless local businesses and hotels in the area relying on the church activities for their sustenance.
 

Ihechukwu Njoku ( Email: chuk.njoku@gmail.com ), a freelance Nigerian journalist reports.
 
*Photo Caption -  TB Joshua poses with Mayor of Jerusalem Nir Barkat

[ Masterweb Reports: Dr. Perry Brimah reports ] - Aare Ona Kakanfo is a title given to the generalissimo, the war general during the Old Oyo Empire. The defacto Field Marshal who leads battles and conquers enemies. It is no little title. The Aare (XIII) before MKO Abiola, Ladoke Akintola died fighting, submachine gun in both hands during the Nzeogwu coup. And before Ladoke, the Aare (XII) Latosha of Ibadan committed suicide when he lost a battle. This is because the Aare tradition it is either victory or suicide. An Eso, of which the Aare Ona Kakanfo is boss, must never be shot in the back –in retreat – his wounds must always be in front. The 6th Aare, Afonja of Ilorin also died fighting. Evidently the Aare title is one of the most powerful in the Yoruba kingdom. The power and ritual invocations of the Aare are second only to the Alafin of Oyo.
 
As described by Hafsat Abiola, the daughter of late Aare Ona Kakanfo MKO Abiola, the inauguration ceremony the Aare goes through involves the complete shaving of his head with 201 incisions made on his occiput with 201 different lancets and specially prepared ingredients from 201 viols then rubbed into the cuts, a different one in each. This is supposed to render him fearless and courageous.
 
Since the demise of Chief MKO Abiola, the 14th General to hold the post, there is yet to be a new Aare Ona Kakanfo.
 
The Aole curse
 
There is a popular Yoruba tradition about the 18th century Alaafin of the Oyo empire, Awole, crowned in 1789. Before killing himself on the request of Oyo mesi (powerful chiefs) who he felt betrayed him, Alaafin Awole brought out ancient palace totems and pronounced a royal curse on Yorubas, that they will never be united. The curse has been attributed to infighting among Yoruba chiefdoms including the loss of Ilorin to the Fulani northern Emirate.
 
Aare Ona Kakanfo Chief MKO Abiola's Political Battle
 
The last crowned Aare Ona Kakanfo, Chief MKO Abiola died under suspicious conditions in prison in 1998, but the death of the last Yoruba battle leader deserves attention. Aare Abiola had indisputably won the famous June 12, 1993 presidential elections with a Kanuri man as his running mate. The elections was declared the freest and fairest in Nigeria's history by international observers. However the then Ibrahim Babangida government denied him of the presidency. The resulting unrest forced Babangida to 'step down' in 1993.
 
Enter dictator Abacha, Chief Moshood Abiola declared himself the lawful president of Nigeria in 1994. General Abacha slammed Abiola in jail and kept him there till he – Abiola – died under suspicious conditions in June of 1998.
 
Betrayed Like Aole
 
General Abdulsalami Abubakar, former president Ibrahim Babangida's foster cousin ruled Nigeria for almost a year, from June 1998 to 29 May 1999. Abdulsamami's 11 month stint was announced from the first days as transitional; with him promising to conduct elections asap. He did, but not until some very high level secret meetings were held in Nigeria with various northern power-brokers involved. During the meetings, the former deputy to former military administrator Muhammadu Buhari, General Tunde Idiagbon who was one of the invited important persons, threw-up all the way back to his hometown in Ilorin and died days after. He was believed to have been poisoned at the Abuja meeting.
 
Not long after the notorious US' Susan Rice visited MKO Abiola in prison on the invitation of president Abdulsalami Abubakar, Nigeria's last Aare Ona Kakanfo Chief MKO Abiola died in prison. Nigerians widely believed that Susan Rice brought a poisonous cup of tea to kill Abiola on the request of the northern leadership cabal. Some believe the northern elite and their chosen candidate, Olusegun Obasanjo who would be made victorious, wished to clean out potential controversies before the transition to an Obasanjo democratic presidency.
 
An Aare Curse?
 
As Aole cursed after he felt betrayed by Oyo chiefs, it is fathomable that Abiola cursed after betrayal by the northern power elite who still struggle to hold on to power. The northern elite are the same people who had benefitted tremendously from his generosity for decades. A top on the list is Ibrahim Babangida whose power grab and coups d'etat the CIA concluded were single handedly sponsored by Moshood Abiola in addition to an alleged conspiratorial move between him and the Saudi king that invited Tunde Idiagbon, thus paving the coup path.
 
As Yoruba empire's Aare Ona Kakanfo Chief MKO Abiola lay writhing, dying in prison, did he place a curse on Nigeria's north and northern elite precisely? MKO Abiola satisfied all conditions of a great victory deserving presidential coronation. An economist and Yoruba nationalist who believes in reparations, he defeated his debate rival in intellectual battle on the way forward for Nigeria. He was a Muslim as would be expected to satisfy the so-called core-north's religious preferences, and he won the elections with a sweep. The only condition Abiola was believed to have failed to satisfy was his not being a core northerner.
 
With the wind of the masses who voted for him behind him, could he have possibly invoked for no core northerner to ever sit on the presidency throne for more than 2 years? For those of us who believe in the power of curses and karma especially from the betrayed, oppressed and murdered, aggressive atonement might well be extremely and urgently necessary.
 
Dr. Perry Brimah ( Email: drbrimah@gmail.com ) reports.
 
*Photo Caption - Ibrahim Babangida - LEFT; MKO Abiola - RIGHT

[ Masterweb Reports: Isiaka Wakili reports ] - The Presidency has debunked the claim by the suspended Director-General of the National Intelligence Agency, Ayo Oke, that the National Security Adviser, Babagana Monguno, was aware of the $43.4m stashed away at a private apartment in Ikoyi, Lagos.
 
A government official told journalists yesterday that in the first instance, “Oke did not brief the NSA at all about the existence of such funds-$289M- or the projects they were meant for when the Buhari administration took office in May 2015, even though the money had been released in March the same year.
 
The official stated: ‘The NSA office got its first knowledge of the existence of such funds during the work of the presidential committee that audited the Defense Equipment Procurement in the Armed Forces. The Committee had observed certain payments from the CBN to the NIA and raised questions drawing the attention of the NSA.
 
‘When the suspended DG of the NIA discovered that that Committee was raising questions and to forestall the NSA from “blowing the cover,” he then gave his first report to the NSA on the existence of such funds and warned that the Committee’s job does not cover the activities or the spendings of the NIA.
 
“The Presidential Committee on Audit of Defense Equipment Procurement, in the course of its assignment came across information that the NIA received a huge sum of money in early 2015 from the former president. Based on this the NSA carried out a preliminary investigation during which the NIA claimed the money was released for some projects aimed at commencing the agency’s 30th anniversary. This was in January 2017.”
 
‘Subsequently, a team was constituted to ascertain the situation. The first suspicion of a potential abuse was noticed at this stage, according to sources, especially considering the amount of money involved and the purposes stated.
 
“This was how the NSA and the Presidency learnt of the existence of such funds. We were not told by anyone in NIA until the Committee saw something, and raised a red flag. However, when the embattled NIA top spy was now compelled to explain what was happening, “he still did not inform anyone in the Federal Government or presidency that he kept $43m of the said funds in cash at a private apartment anywhere in Lagos or any part of the country.”
 
“This is the issue: the NSA was not told that NIA had this lump cash stashed away in the place it was eventually discovered by the EFCC. In any case, extant rules are clear that such monies ought only to be placed in the NIA headquarters or in CBN vaults.
 
“There are also instances where CBN actually paid out some of the funds directly to some NIA contractors, raising questions on why the suspended NIA needed to put aside such huge cash in a private apartment.
 
“The projects for which the former President approved the funds totalling $289m included two in Lagos whose cost were put at about $28m, which is way less than the $43m cash found in the Ikoyi apartment. Sources explained further that as at January this year, funds for the Lagos projects had actually been released to the tune of $18m, meaning only about $10m was left to be paid four months ago, before $43m was found in the Lagos apartment recently.
 
“So let us even assume that the NIA DG wanted to keep funds in Lagos for the Lagos based projects, he did not need that much for the total of the Lagos projects at all. And apart from that it is completely untenable to stash away agency money in a private apartment instead of keeping it with the CBN or inside the NIA head office where the money would be well-secured and its disbursement well protected”. 
 
Meanwhile, a source close to the NIA, yesterday insisted that the DG of the agency, Ayo Oke,  briefed the president on the issue.
 
“The first briefing was in April, 2015, on the general state of the agency. The funds were itemised as $289 million intervention fund approved and released to the agency by the Jonathan administration in November 2014. The second briefing was in January 2016, in a memo to the NSA, the Director General gave more details of the funds. Based on the second briefing, (memo)  the NSA set up an audit team, headed by a Brigadier General which inspected the projects and submitted a report in February, 2016. The NSA wrote back to the DG, NIA, on May 17, 2016, stating that the detailed report of NIA’s projects and exercises had been presented to the president and that the president was pleased with their work”, the source said.
 
*Photo Caption - As seen.

[ Masterweb Reports: Isiaka Wakili reports ] - The Presidency has debunked the claim by the suspended Director-General of the National Intelligence Agency, Ayo Oke, that the National Security Adviser, Babagana Monguno, was aware of the N43.4m stashed away at a private apartment in Ikoyi, Lagos.
 
A government official told journalists on Saturday that in the first instance, "Oke did not brief the NSA at all about the existence of such funds-$289M- or the projects they were meant for when the Buhari administration took office in May 2015, even though the money had been released in March the same year.
 
The offifial stated: 'The NSA office only got its first knowledge of the existence of such funds during the work of the presidential committee that audited the Defense Equipment Procurement in the Armed Forces. The Committee had observed certain payments from the CBN to the NIA and raised questions drawing the attention of the NSA.
 
'When the suspended DG of the NIA discovered that that Committee was raising questions and to forestall the NSA from "blowing the cover," he then gave his first report to the NSA on the existence of such funds and warned that the Committee's job does not cover the activities or the spendings of the NIA.
 
"The Presidential Committee on Audit of Defense Equipment Procurement, in the course of its assignment came across information that the NIA received a huge sum of money in early 2015 from the former President. Based on this the NSA carried out a preliminary investigation during which the NIA claimed the money was released for some projects aimed at commencing the Agency's 30th anniversary.This was in January 2017."
 
 
'Subsequently, a team was constituted" to ascertain the situation. The first suspicion of a potential abuse was noticed at this stage, according to sources, especially considering the amount of money involved and the purposes stated.
 
 
"This was how the NSA and the Presidency learnt of the existence of such funds. We were not told by anyone in NIA until the Committee saw something, and raised a red flag. However, when the embattled NIA top spy was now compelled to explain what was happening, "he still did not inform anyone in the Federal Government or presidency that he kept $43m of the said funds in cash at a private apartment anywhere in Lagos or any part of the country."
 
 
"This is the issue: the NSA was not told that NIA had this lump cash stashed away in the place it was eventually discovered by EFCC. In any case, extant rules are clear that such monies ought only to be placed in the NIA headquarters or in CBN vaults.
 
 
'There are also instances where CBN actually paid out some of the funds directly to some NIA contractors, raising questions why the suspended NIA needed to put aside such huge cash in a private apartment.
 
 
'The projects for which the former President approved the funds totaling $289m included two in Lagos whose cost were put at about $28m, which is way less than the $43m cash found in the Ikoyi apartment. Sources explained further that as at January this year, funds for the Lagos projects had actually been released to the tune of $18m, meaning only about $10m was left to be paid four months ago, before $43m was found in the Lagos apartment recently.
 
 
"So let us even assume that the NIA DG wanted to keep funds in Lagos for the Lagos based projects, he did not need that much for the total of the Lagos projects at all. And apart from that it is completely untenable to stash away agency money in a private apartment instead of keeping it with the CBN or inside the NIA head office where the money would be well-secured and its disbursement well protected. "
 
*Photo Caption - As seen.