January 2009

Nigerians, others, buy up London

Two thirds of Central London house buyers are for foreigners

Foreigners taking advantage of the pounds collapse and the falling house market make up almost two thirds of property buyers in Central London.

Text Box:  With home prices down by about 20 percent and the pound worth up to 40 percent less against major currencies, London property has become exceptionally good value.

According to estate agent, Hamptons International, Britons now make up only 37 percent of buyers in the capital.

The firms London Director Phil Tennant said: “For many buyers, London is having a half price sale”.

The balance is roughly evenly split between buyers from America, Europe, and the rest of the world including Nigeria, Russia, Japan, India, China and the Gulf States as well as Thailand and Iran.

A buyer using US Dollars can pick up a London property for almost 40 percent less than in December 2007, while a Euro buyer can get about 35 percent off prices a year ago.

What a shame!

What a shame

Nigeria's Police IG, turns the Nigeria Police into his family PLC

IG Mike Okiro and Sons’ Police Liability Company (PLC)

IG OkiroDocuments in the possession of Saharareporters detail extensive corrupt activities by Nigeria’s Inspector General of Police, Mike Okiro.

Mr. Okiro was recently accused of scamming potential police recruits of N2 billion, out of the sum realized from N2000 charged each potential recruit who applied online. A committee of the House of Representatives recently learnt that Okiro planned to pay 60% of the realized amount to consultants. The consultancy fees amount to N1.2 billion.

The identity of the so-called consultants to whom the huge sum was paid remains a mystery to the Nigerian public, but Saharareporters investigators have discovered that, much like the disgraced former Inspector General of Police, Tafa Balogun, IGP Okiro runs a lucrative business in major cities around Nigeria.

In Abuja, our investigators found out that the blurry-eyed Okiro owns several businesses, including a shopping plaza, Yvonne Hotel and Casino in Lugbe, and a massive private school enterprise known as "Lugbe International Academy" that offers primary and secondary school education. The school is located in the Lugbe section of Abuja. Both the hotel and school are classified as illegal structures.

Nigeria's capital market, world's worst hit — Report

LAGOS—THE Nigerian Stock market has been rated as the worst performing in the world for the month of January, according to a report published by a London-based research company, Business Monitor International (BMI).

NdidiNididi Okereke Nigerian Stock market boss

It also said that the country’s Gross Domestic Product (GDP) will drop from 6.3 per cent in 2008 to 3.6 per cent in 2009. This is coming barely 24 hours after members of the House of Representatives raised the alarm on the

Barack Obama mistakes window for door at White House

Obama mistake

Barack Obama's White House has a more relaxed feel Photo: AP

 

The new US President, who has been commander-in-chief and resident at the White House for just over a week, was photographed from the gardens of the White House on Tuesday. Mr Obama was trying to return to the Oval Office after meeting House and Senate Republicans.

Sex; Sweet and Sour game

Sexy naija gal

Written by Yetunde Arebi

 

Hi, for most women, the word sex at a point was something to be discussed behind closed doors. Even as married women, most would shy away from admitting that they do engage in sex, but for the obvious tell tale signs of pregnancies and children.

Sex; Sweet and Sour Game

 
 
 

Everyone is wearing Obama

By Nike Sotade

CALL it Obama-mania if you like, and you won't be too far from the truth.
Obama fashion is all the rage this season. It has been going on for a while, but intensified after he was actually elected and has continued to snowball as the inauguration got nearer, and even beyond the inauguration.

Obasanjo-Atiku's Politics Of Permanent Interest

By Godwin Ijediogor

It is often said that in politics, there are no permanent enemies but permanent interests. That had been proved by the recent rapprochement between former President Olusegun Obasanjo and his former vice, Alhaji Atiku Abubakar, who came together recent, after a war of attrition is a clear manifestation of that postulation.

In Nigerian politics, anything can happen. And politicians have at several occasions proved that to be true.

Nigeria: Bad News From Obama

By Jerry Uwah

opinion

US President Barack Hussein Obama is, at the moment, good news for at least 70 per cent of the world population including Americans. To the black world, Obama is an answer to those taunting the race as genetically slow. In fact, men like James Watson, the American molecular biologist and notorious racist who casts aspersion on the intellect of the black race, would bow in shame with the swearing in of Obama as the 44th president of the United States.