President Jonathan officially suspends the introduction of N5,000 note

The Special Adviser to the President on Media, Dr. Reuben Abati, disclosed the development to State House correspondents in Abuja.

Abati told journalists that Jonathan’s latest disposition to the issue was based on the need for more “enlightenment and consultation”.

He said, “The introduction of the new note is being suspended for now to enable the CBN do more enlightenment on the issue.Yes, President Jonathan has directed that the implementation of the new N5,000 note be suspended for now.

“This is to enable the apex bank to do more in terms of enabling Nigerians understand why it proposed it in the first place. So, for now, the full implementation is on hold.”

The President's earlier approval of the plan by Governor Lamido Sanusi of the Central Bank of Nigeria to introduce the jumbo note had triggered criticism, condemnation and even some street protests.

The president's aide clarified that the policy was merely being suspended, not abandoned.

According to the aide, the decision to suspend the policy is to enable the administration to adequately inform Nigerians about the rationale behind the decision to introduce the new note.

The two chambers of Nigeria's legislation had passed motions calling on the president to shelve the plan to introduce the N5,000.

In a meeting hastily requested by President he failed to convince both Senate President David Mark and House Speaker, Aminu Tambuwal to persuade members of the National Assembly to drop their objection to the policy.
Culled from Nigerian Eye

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Vice Chancellor of ESUT kidnapped by gunmen

 

An eye witness said, the gunmen blocked the gate with their car as soon as the VC’s convoy arrived.

“They jumped out and started shooting into the air and six others appeared from nowhere and attacked the convoy. They shot and deflated the four tyres of the police van escorting the VC.” the witness said.

Unbelivable: Eating egg yolk is as dangerous as smoking

 
Scientists have unscrambled the truth about eggs - eating the yolk is almost as bad as smoking for people at risk of heart disease. The problem lies in an increased risk of the hardening of the arteries, known as atherosclerosis.

It is a disorder of the arteries where plaques, aggravated by cholesterol, form on the inner arterial wall.

Egg lovers in Nigeria and all across the world can start looking for substitutes following the new development.

Four members of Congo's Olympic team missing

Four members of Congo’s Olympic team were said to have gone missing in London yesterday as thousands of their fellow London 2012 athletes and officials flew home. Their disappearance took the number of African athletes and delegates attending London 2012 who have vanished from their camps or sought political asylum in Britain to 15. Immigration officials expect that number to increase sharply when athletes’ special London 2012 visas expire in November
A UN-run radio station in Congo said Cedric Mandembo, who competed for the central African country in judo, disappeared after the closing ceremony and has not been reachable on his mobile phone. He lost his match after 49 seconds and is said to have left the Olympic Village without saying where he was going. He had been due to fly home last night. Congo judo coach Ibula Masengo, boxing trainer Blaise Bekwa, and national technical director of athletics Guy Nkita had also gone missing, it was claimed. They too were said to have left the Olympic Village with their luggage. The Home Office declined to comment on the individual cases. Congo team officials were ‘out of contact’ returning home while no one was available for comment at the country’s London embassy. The disappearances come at a hugely sensitive time for the Government after the success of the Olympics and with the Paralympics due to begin in two weeks.
It follows fears from immigration staff that up to 2 per cent of Olympic visitors from some continents may claim refuge in the UK in the months after the Games.
Authorities in Cameroon, which is regarded as one of the more stable countries in Africa, have accused the boxers of wanting to be economic migrants and say they should have returned home with other athletes. But the Olympians, who absconded from their Stratford, East London village last week, told the BBC they had been threatened and wanted a sponsor to help them stay in Britain

9-year-old attack toddlers at daycare

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