Sunday, February 23, 2020
Banker's wife impregnated by her children's lesson teacher
Felicia Adikwu, a Jukun by tribe, is right now in a dilemma. She is pregnant for her children’s extramural studies teacher, popularly called “lesson teacher” in Nigeria and, she doesn’t know what to do about it. She is full of regret for her ill-advised action that is now threatening to tear her marriage apart.
The young woman who holds a diploma in Public Administration from the state polytechnic, got married to Mr. Joseph Adikwu, a holder of HND in Accounting from the Federal Polytechnic, Nasarawa. He used to work with a bank in Lafia where they both live before he was transferred, sometime last year, to the bank’s branch in Gombe State. Their nine-year-old marriage is blessed with two kids, aged 7 and 5.
From transfer to trouble
But trouble started when sometimes in July 2019, Joseph resumed duty in Gombe but left his family behind. Before he left Lafia for his new posting, he and Felicia, his wife had employed the services of an extramural teacher, one Monday Ugo, to teach their kids extra lessons in their commitment, to give them the best of education. And things appeared to be going on smoothly, as planned until Joseph left for Gombe.
Thursday, February 20, 2020
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.