Excess Crude Account drops from $325m to $70m

 

   Experts on Wednesday expressed concern following a report that the Excess Crude Account(ECA) was depleted from $325 million to $70 million within a month. The experts blamed it on profound revenue challenges and lack of rules governing deposits and withdrawals from the special account.

   They argued that the depletion would not have been  so massive if   state governors had not insisted on   sharing of monies in the ECA,  a special account for keeping  extra oil revenue above budgeted oil benchmark. The implication of the drop, according to them, is a likely crash of the exchange rate, which invariably would result in  devaluation of the naira.

   A statement from the Federation Account Allocation Committee (FAAC)   yesterday said the strategic reserve account now has $71.814 million down from the $324.968 million recorded on   January 15. Details of the huge depletion was not provided by the FAAC team that issued the statement. Last month, the Central Bank of Nigeria (CBN) warned the fiscal authorities to build up buffers against revenue shocks by saving for the rainy day.

Lassa fever- Lagos places 63 under surveillance

 

  The Lagos State Commissioner for Health, Prof. Akin Abayomi, has said the state has placed 63 persons under surveillance following the confirmation of an index case being isolated at the Lagos University Teaching Hospital, Idi-Araba.

We may impose tough visa rules on Nigeria - EU

  The European Union says it can impose restrictive visa implementation rules on Nigeria, if it fails to play its part in the return and readmission of its nationals staying illegally in the EU.

Couple Arraigned For Allegedly Stealing N2.7m From Bank

 

  The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office on Tuesday, February 18, 2020, arraigned an ex-banker, Akinwole Oluwaseun Dosunmu, alongside his wife, Motunrayo Olanike Dosunmu before Justice Ladiran Akintola of the Oyo State High Court, Ibadan for alleged financial fraud to the tune of N2, 740,300.92 (Two Million, Seven Hundred and Forty Thousand, Three Hundred Naira, Ninety-Two kobo).

NFF Denies Viral Report That It Appointed Daniel Amokachi Super Eagles Technical Crew Head

    The Nigeria Football Federation (NFF) has denied rumours making rounds of the appointment of former Super Eagles Captain and Coach, Daniel Amokachi as Head of its Technical Department. In a statement on Wednesday, Ademola Olajire, NFF Director of Communications, said Mr Bitrus Bewarang still remained the federation’s Technical Director.

   Olajire quoted Chairman of the NFF Technical and Development Committee, Alhaji Yusuf Fresh, as saying that at no time did the body call for applications from candidates for that position, not to talk of appointing anyone.

DCLM Daily Manna 20 February 2020 – When Challenges Arise

Text: John 12:27-50

27 Now is my soul troubled; and what shall I say? Father, save me from this hour: but for this cause came I unto this hour.

28 Father, glorify thy name. Then came there a voice from heaven, saying, I have both glorified it, and will glorify it again.

29 The people therefore, that stood by, and heard it, said that it thundered: others said, An angel spake to him.

30 Jesus answered and said, This voice came not because of me, but for your sakes.

31 Now is the judgment of this world: now shall the prince of this world be cast out.

32 And I, if I be lifted up from the earth, will draw all men unto me.

33 This he said, signifying what death he should die.

34 The people answered him, We have heard out of the law that Christ abideth for ever: and how sayest thou, The Son of man must be lifted up? who is this Son of man?

35 Then Jesus said unto them, Yet a little while is the light with you. Walk while ye have the light, lest darkness come upon you: for he that walketh in darkness knoweth not whither he goeth.

36 While ye have light, believe in the light, that ye may be the children of light. These things spake Jesus, and departed, and did hide himself from them.

37 But though he had done so many miracles before them, yet they believed not on him:

38 That the saying of Esaias the prophet might be fulfilled, which he spake, Lord, who hath believed our report? and to whom hath the arm of the Lord been revealed?

39 Therefore they could not believe, because that Esaias said again,

Topic: Tame Your Tongue [Billy Graham Devotional 19 February 2020]

Topic: Tame Your Tongue [Billy Graham Devotional 19 February 2020]

“If any man among you seem to be religious, and bridleth not his tongue, but deceiveth his own heart, this man’s religion is vain. —James 1:26

The problems of the world could be solved overnight if men could get victory over their tongues. Suppose there was no anger, no profanity, no lying, no grumbling or complaining; suppose there were no dirty stories told, no unjust criticism—what a different world this would be!

Topic – Joy: A Very Real Force [Kenneth Copeland Devotional 20 February 2020]

Topic – Joy: A Very Real Force [Kenneth Copeland Devotional 20 February 2020]

The joy of the Lord is your strength. – Nehemiah 8:10

Joy. It’s not a warm, happy feeling you’re supposed to have now and then when things are going well. It’s much more than that. Joy is one of the most powerful spiritual forces in the world.

Look again at Nehemiah 8:10 and I’ll show you why. If you were to diagram that scripture and remove the phrase, “of the Lord,” you would find what it’s truly saying is this: Joy is strength. The two are interchangeable.

Topic: Sin Has Wages [TREM Devotional 20 February 2019]

Topic: Sin Has Wages [TREM Devotional 20 February 2019]

“For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” Romans 6:23 (KJV)

I know that we are in the dispensation of grace. Many people have listened to the message of grace and taken it too far. Beloved, error is truth stretched too far. You may be right, but when you stretch it way out of proportion, it will become an error.

I have heard people say that the moment you give your life to Christ, you can live anyhow and heaven is guaranteed. Child of God, yes, the moment you give your life to Christ, a new spirit is born inside you and you become a new man. This is perfectly true, and you are heaven ready. However, if you refuse to live above the mundane things, never forget: Sin has wages.

Topic: The Efficacy of Prayer (Open Heaven 20 February 2020)

Topic: The Efficacy of Prayer (Open Heaven 20 February 2020)

Memorise: “Confess your faults one to another, and pray one for another, that ye may be healed. The effectual fervent prayer of a righteous man availeth much.” – James 5:16

Read: Mark 11:24 (KJV)

24 Therefore I say unto you, What things soever ye desire, when ye pray, believe that ye receive them, and ye shall have them.

Bible in One Year: Leviticus 22-23

Open Heaven 20 February 2020 Thursday MESSAGE: