You are advised to watch what you eat (meat) at parties as some ritualistic celebrants now serve seasoned human flesh at parties and ceremonies. Rumors in Lagos, they say are usually 90% reality. Here is one dirty fiction-type story with some elements of truth in it.

A couple of party planners approached a set of cooks for their services, a day before the party they went to pick up the cooks with a bus to the venue (along Badagry-Expressway). On getting to a bushy path-way, the celebrant then told the cooks that where they were going to is a wealthy man’s place and they needed to be blind-folded (reason being that they didn’t want outsiders to come and meet the wealthy owner of the property and start begging him for money, so the venue had to be secretive). When they eventually got to the place, they were shown the peppers, tomatoes, seasonings and the likes. The cook then asked for the cow, they were then told the meat was at the other side. The traumatic shock that engulfed the cooks had no bounds, alas before them were 18 young girls (all blind-folded, waiting to be butchered), the celebrant then brought out his gun and ordered the butcher amongst the cooks to start cutting the girls to pieces, which they reluctantly did, there after cooking the girls using them for various soup. The celebrants then told the cooks in order to be sure the meals were not tainted that they must taste it, this they also had to do with a gun pointing at them. A bevy of jubilant crowd eventually stormed the party, requesting for plates after plates of various meals, stashing fried meat into their (African) bags (unknown to the crowd, the meat they were munching had been doused with ritual incarnations which was intended to tap into any good in them).

The cooks were eventually paid but before they left, they were taken to a shrine to swear an oath that no one will hear about what had just happened, doing this will only end their lives. Four of the cooks are already dead having told the police and their families. The only person that is still alive was in coma for several days, having told her pastors and was only revived last week, hence, the need for the testimony this past Sunday.

I think I’ll just eat nothing at parties then. Serve me nothing, no free lunch anyway.

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Law School, V.I.

Random Pictures of Beautiful Lagos (See pictures below, click on thumbnails to enlarge)
Who ever thought, 2 years ago that Lagos would ever be more beautiful than Abuja? Well, it’s beginning to happen in our lifetime and it gets better and better. Many places have been beautified, Oshodi and Tejuosho Markets have been demolished and cars can now pass freely, saving Lagosians millions of Man-hours and cutting the pockets of touts and Area Chairmen in shreds. The BRT Terminals look so beautiful, the solar-powered street lights and traffic lights are cute and Lekki Road and Bar Beach (by HiTech) are out of this world (only in Nigeria, permit me to exaggerate a lil bit). Plenty of credit to Governor Fashola, we can imagine what Lagos would look like in 6 years. If you are out of the country, I’m sure you are seriously missing home by now (not to raise your hopes, we still have issues with security, fuel, flood, and mad traffic). Beautiful Lasgidi!

Fuel Everywhere
Finally there’s fuel everywhere, filling stations looking ever scanty. Shame to bad people right? (don’t start celebrating yet, it was like this on Saturday only to see long queues on Monday). Let’s hope this is permanent. AMEN!

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Victoria Island, Ikoyi stands still this evening, May 18 2009

It’s been 3 hours and she’s trying to hit Awolowo Road, Ikoyi from Karimu Kotun, a journey of 3 minutes now takes 4 hours. Fact is the whole Island has cars with engines practically switched off. Pedestrians are trekking a marathon trying to reach Racecourse to catch BRT Buses as bikes and taxis (oko asewo) are somewhere stuck in self-inflicted gridlock. Traffic is heavy and dense, sleeping in the office is much more productive right now. Awolowo Road (towards Falomo) and Falomo Bridge (Osbourne to V.I.) is dead – a no go area right now. Hopefully, Festac and Iyana Ipaja people can make it home before 11:00pm.

The cause? Prolly some trailer broke down at Bonny Camp again, obviously 2 lanes are dead somewhere somehow.

I’m looking out the window and this dude has his head on his steering and I’m dead sure he’s snoring. It’s a hopeless night guys, and if you are driving manual with no A/C and no fuel (there’s scarcity of fuel as well, all join) you know it’s one of those nights again. Sorry. E go better.

I’m listening to Style na Style by 9ice and Darey (on repeat). Don’t hate, this is lasgidi where timing is everything.

UPDATE: 9:00pm, V.I. is clear now, like everyone pressed their flight gears, delete or they just disappeared, but not to raise your hopes, Third Mainland Bridge (3MB) is a dead end. Ironically, many people have stayed back and are not convinced the road is “motorable” right now and they’ll all hit the road by 10:00pm, traffic round 2. I’ll be there then.

UPDATE: 9:40pm, I understand 3rd Mainland Bridge is free. Let’s hope its true, I’m sticking my head out, 10:00pm, I fly.

CASE CLOSED: 10:45 pm, got home safely, light traffic, stopped by the Police, they asked for “particulars” then suddenly changed ringtone when it became obvious I was prepared for their antics, “Oga wetin we go take do Monday night?” If you know what I mean…

Don’t expect a “LASTMA” report on whatever caused this traffic that’s cost us millions of man-hours, this is Lasgidi, not Las Vegas. Na nyte.

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We no go gree - fuel scarcity, bembele salary, Ekiti fraud...

Lagos: Nigeria Labour Congress on Wednesday, 13th of May, 2009 organised a peaceful rally and walked 20 kilometres from Ikorodu Road through Mobolaji Bank Anthony to the State Secretariat, Alausa, Ikeja. About 3,000 protesters showed up with policemen forming a ring around them. There was no riot or violence of any kind and placards conveyed the yearnings of the masses. The Labour and Civil Society Coalition (LASCO) as well as the Trade Union Congress (TUC) were actively involved in the rally. According to this Yahoo! report, Abdulwaheed Omar, head of the NLC openly condemned the government of President Umaru Yar’Adua claiming it has no future for Nigerians. Two issues were raised.

1. Encourage the government to implement the electoral reforms (without permitting any amendment to it) and also raise the current minimum wage (which has been the same 7,500 naira for 10 years) to N52,200 (fifty-two thousand two hundred naira only).

“Esele said: Our problem in Nigeria is that we are not allowed to choose who should lead us. Today, because of electoral flaws in the reforms Act, whoever is “picked” to rule is loyal to his godfather and not the masses”

2. Discourage deregulation of petroleum products; contrary to the government’s belief that it is the only solution to the fuel crisis.

I remember the government has always supported deregulation to the anger of the NLC for as long as I can remember. They are saying deregulation will free us from the “Cartel” but the NLC think this is not true. It’s a tough war and a battle of interests. Deregulation will give the marketers the freedom to alter fuel pump prices as the government withdraws subsidies (to which the FG is owing over $1 billion to these “importers”). You and I know that majority of the oil marketers are greedy people, and given a blank cheque with which they can milk the masses dry, you will expect to buy fuel for N200 per litre before the end of the year, and don’t ask me if there will be competition, they also have a body and are out to make as much profit as politicians. I go with the NLC on that.

3,000 people combine voices, will it just end there?

Instead of giving them a blank cheque to deal with the masses, they should rather focus on building or reviving our refineries. We do not need to import fuel for any reason, being one of the giants in OPEC. Why should a major oil producing country ship crude oil out and then buy the same again at a much much higher rate? It’s a plain old business reality. It is much better to own your infrastructure than to rent from a competitor. You can’t keep renting chairs for your school on a daily basis when you can actually buy chairs for life. If buying a chair costs 2,000 naira and renting one costs 100 naira, in just 20 days you would have paid the competitor 2,000 naira! It is plain to see that the competitor would never pray for you to think out of the box, unless of course there is a “Cartel” – and in our case, there is. Someone out there is benefiting in a big way from every litre of fuel that leaves or gets into the country.

Whatever the case, they need to rebrand our refineries before rebranding Nigeria because you cannot fool us with rebrand Nigeria when you have failed to provide our basic needs including power and fuel. You can’t keep cutting the branches when you can uproot the damn tree. Don’t ever send me such text messages until there’s a lil bit of sanity up there. I don’t need to be rebranded until you make efforts to rebrand the foundation. Its good they claim that Kaduna refinery is on the verge of complete turnaround, Warri Petrochemical company is back and better with 200 trucks of PMS loaded daily (remember only 18 were loading in Lagos as at last week) and that Port Harcourt refinery is doing well again. We need to see the impact at filling stations, the interface between the lengthy hierarchy and the masses.

Fuel Scarcity & Dollar exchange rate Update:

‘Nuff said. Fuel scarcity depends on areas. Some filling stations have a constant supply of fuel and are honest, some are not. It is no news that it is an offence to buy fuel in jerry cans (it is an offence to sell fuel to people in kegs), its equally an offence to buy fuel from black marketers, but in the last 4 weeks this has been the case. As the dollar now sells for 181 naira (official black market rate), 20 naira short of the highest all-time high, it is the black market guys who are having fun. Please read:

What happens in our filling stations nowadays.

http://lagosmet.com/blog/2009/05/nnpc-to-neutralize-fuel-scarcity-tomorrow-wed-6th-may-lagos/

Now inflation has every justifiable reason to exist. Markets are being scrapped in order to make Lagos beautiful, dollar don cost, fuel no dey. Tiny oranges now sell for 20 naira each, the bigger ones, 40 naira straight; imported apples, between 70 and 100 naira; Plantain, ah, please don’t go there; Yam, are you kidding me, Hello, are you in Lagos or Kwara? If you are a farmer living outside Lagos, my best advice for you is to load a truck and find your way here, the market is hungry, believe me, call me and i’ll buy. he he he (419’s beware).

Rain rain rain & Comedy

It’s raining again, BRT buses from Ojota to CMS, 150 Naira, LagBus with A/C, 200 naira only. Park your car at home and hit the BRT with your umbrella, I don’t know if you need A/C when it’s pouring heavily but the queues are shorter. Whether you drive or not, please read My tips for surviving the rainy season. The best selling non-white collar job in Lagos right now is comedy. Stand-up comedians and OAP’s (on air personalities) are swimming in millions – making more money than artistes, ‘high-class’ society sluts, gigolos and nollywood actors. It is commonplace for comedians to charge 500,000 naira per show (not so common though) and the good thing is that they get so many shows, an average of 5 per week. Do the math. As Nigerian football reaches an all-time pitiable condition, parents are now sending their wards to school of comedy, buying all the comedy series and begging other people to laugh when their wards crack jokes. Man gast to chop, dollar don cost.

And to think that Mohit Records (Dbanj’s) Suddenly and Close to you videos have been banned along with Tuface’s Enter the place and Kelly Handsome’s Maga don pay on radio. The last time Kerewa of Zule Zoo and Bang bang bang by Femi Kuti were banned, they sold like fire and won awards. Let’s see how they catapult these tracks already in high-demand into further glory. Rebranding Hypocrisy.

Bank Robberies on the rise.

Ah terrible news, I’ll post the pictures in my next topic, but brothers and sisters, bank robbers are now as plentiful as pick-pockets. It’s recession time and robbers are no longer wasting time having to force people to part with mobile phones and cars which they still have to resell, leaving that for the newing generation. They now go straight to the source. They can’t go to Nigerian Printing and Minting or the CBN, their best bet, the Retail banks.

LagosMet verdict: as the fuel scarcity situation fluctuates, some good days and more bad ones, we are still surviving. As the INEC plays into the hands of the government (who pays the piper, who dictates the tunes?) we are still surviving oh, my bros. As minimum wage remains N7,500 and an average House of Rep member goes home with an ‘official’ N172m (in case you thought it was a slip of keyboard, Over One hundred and seventy MILLION naira – not kobo) annually, my sister we still dey manage. Dollar cost, fuel cost, no job, market dry, food cost, dem thief my phone, dem rob me for bank, we still dey.

16 million people and counting, Lasgidi babe, we celebrate life – suffering and smiling.

Good day. The week ends tomorrow, remember Wednesday, May 27th – Children’s day, and Friday May 29th is Democracy day (public holiday). June 12 is another public holiday close by.

For the parents, I leave you with this video, a 2-year old girl with a big IQ (don’t blame those kids cos you gave them excess of Garri, Fufu and Pap).

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Is that what you're saying too?

It’s been a week already and NNPC has publicly declared that Filling Stations will ’smile no more’ come Thursday. Before you begin jumping up, News around is that the number of trucks loading fuel in Lagos has reduced from 180 to just 20. NNPC had better be telling me the truth. Methink they’ve just postponed another week of suffering and we can only suffer, smile and say thank you (more like UP – NEPA! - ring a bell?). Fuel scarcity is the Holy Grail of most Gas stations, they fast, pray, hope, believe and long for it, if they don’t get it, they create it. They need catalysts or some little assistance in the form of rumours at least and capitalize on it, the resulting mixture was what you saw some weeks ago. Honestly, I got tired of capturing those ugly scenes (not because they almost attacked me and nearly beat the building manager up, I’m not making this up, they brandished AK’s but for the defiance of the building manager) and black marketers lining up the roads with red, yellow, green and pink coloured fake, original or lukewarm petrol. I still did not buy from them anyway. I got full tank on Friday morning, at 70 naira per litre on the mainland and still have about half tank left in there.

With the current Rebrand Nigeria (a topic I’ve been avoiding since inception) adverts and announcements all over the radio, papers and everywhere, it was a perfect time to test the faith of Nigerians, Lagosians to start with. Like the advert said, insist on first-come first-served, join the queue bla bla bla (is it easier said than done). Check out the people shunting the queues, forcefully, with sirens, uniform, koboko, bulala and AK’s (I no dey point fingers) – they probably need no re-branding like we do. Dora, are you reading?

This is what happens at filling stations now. The gates are closed and only one “fine-tuned” Machine works. This Pump has been badly programmed to cheat you, giving you about 7 litres instead of 10, but that’s no rip-off compared to Item number 7. Now to get into the gates (of course from the entry point, you pay the Agbero fee, about N100, then the gate fee, N50, to get in through the EXIT point, you pay N2,000 flat so you’re worth 20 stingy cars – all rebranding Nigeria). You then wait your turn as only one machine sells to hundreds of angry, impatient and unfriendly people. 3 dedicated people sell to you. 1 holds the nozzle, another determines whether you sell to cars, okadas, jerry cans or the powerful ones who come in through the exit, the last one holds the calculator and collects the money for the transaction. Okay, before the attendant fills your hungry tank, you pay N200 (sometimes N200 per N1000 sale) then they sell to you between N70 and N120 per litre. You look at the meter, not at the price because the calculator guy will tell you how much you are to pay as the machine might still be reading N65 per litre. You pay and deal is done. They are so honest they won’t ask you for tips, you drive out angrily cursing your luck, the government, the marketers and anyone who crosses your mind at that time, but when you get to the tail end of the queue and see black marketers doing a harder rip off, selling 20 litres at 5,000 naira, then you realise you didn’t lose much. Then you run into traffic in broad day light, it’s full tank so you decide to feel some A/C then you get home and read the papers and read about Ekiti Politics and ReBrand Nigeria. You shake your head and smile (in suffering), start your generator and think about tomorrow. Lasgidi babe.

If by 7th of May, 2009 queues are still this long, I’ll tell you what probably came up. But until then, I’ll be discussing -

Ebenezer Ajayi, killed by men of the force for wearing Camo and dumped at Area G, then Pen Cinema. http://thenationallife.com/2009/04/19/killed-by-soldiers/

Lagos Agents, house rents, land lease and property development scams.

The task force, clearing of Oshodi, Yaba and other major markets and progress report.

The Crash Helmet (better known as Element) and Lagos Okadas.

Lagos and the swine flu scare.

Meanwhile I’m presently reading the Ebola Monkey Man’s 419 archive http://www.ebolamonkeyman.com/fanpage.htm, much similar to that of 419eater.com and 419baiter.com join me.

It’s 5:00pm, Arsenal Versus Man-U coming up soon but before then, you must fight through traffic. Wish you all the best.

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This does’t seem to be ready to die down at any time as the queues become longer, roads completely sealed off as a result and heavy traffic (even as fuel no dey). The struggle continues. Fuel Scarcity and strike with thanks to LASTMA. Na wa o. Eko o ni baje! Lasgidi jooo!

Continuity: 21, April, 2009 Tuesday’s Lagos Fuel scarcity scenarios at a glance… entire gallery… at a glance

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Long queues resurface at filling stations

Fuel (Petrol) scarcity hits Lagos hard:

UPDATE: Strike was called off on Tuesday, the 21st of April, 2009.

I feel like brushing whoever is responsible for this self-induced scarcity at this time when things are tight. The impact of the scarcity (long queues and more hold ups wherever there is a filling station) was first felt on Friday morning and it lasted throughout the evening even until 12:00am. Many gas stations refused to sell while multitudes queued with cars, bikes and jerry cans (kegs) hoping God would touch the hearts of the Oil Masters. More than half of Lagos depends on petrol-fueled generators and no one wants to spend the weekend in darkness, after having worked 4:00am to 9:00pm on weekdays. I came back from the office on Friday with my tank at R and red meaning no weekend trip for me until a miracle comes through. Yesterday, Saturday ws equally bad, but this morning, things seem to be a bit much better around Ilupeju but from radio reports, some areas have not smelled petrol since Thursday. It rained and drizzled a lot yesterday, but today, the sky looks great and you won’t be drenched queuing and fighting to fill your tanks. If someone “bashes” you, sorry, there’s nothing you can do about it, cos it happened in a “scuffle” – please take note!

I have a feeling churches will be emptier than last Sundays as people hold on to their hopeful slots at heavy, unfriendly, violent and uncompromising queues. Trust touts and black market guys, a litre is now 250 naira – that’s if you are lucky. If you can’t buy, simply join the queue and waste your whole day. I’m buying 60 litres and there aint no way in hell that I could ever be tempted to pay 15,000 naira. Lai lai, no be me. I’m a Lagosian.

You don't wanna be here, I bet.

Just in case you didn’t know, the scarcity will definitely affect schedules, i mean visiting, shopping, worship, and even tripping. But on a serious note, I did not see a single BRT bus held up, instead they were going their normal business, bullish as ever on their dedicated lanes. They aren’t affected so… I’m digging out my coins, piling them up for a possible trip to work thanks to Lagos BRT, and it’s so cold I don’t have to pay double to board the LAGBUS with Air Conditioner, i’ll join the old old shock absorber-less Tata Buses. Lasgidi babe!

===============================================

It was discovered that the fuel scarcity was due in part to two factors. LASTMA officials impounded about 50 fuel tankers for parking on the Apapa Wharf Road, a dirty operation which ended in vandalism, and demanded the payment of 150,000 naira per tanker. Also, NUPENG and the PPPRA demanded at least 50 billion naira to be paid into their account (an amount being owed them by the government for fuel subsidy) and payment was made by electronic means on Monday, the 20th of April, 2009. The Lagos State Government cleared their part on Tuesday and the issue was resolved.

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Opambata, Eyo o!

Lagos Laws: Alms to beggars, loittering & littering can lead to jail.

Giving of alms to beggars – 1 month imprisonment. Wandering in any premises – 3 month to 1 year imprisonment. Suspected thief with no proven means of livelihood, 3 months to 1 year imprisonment. It is an offence to dispose of scrap papers, newspapers, sweet wrappers, fruit skins, water sachets or similar refuse anywhere except little bins within the Lagos Central Business district. Offenders will be liable to a fine of not less than N1, 000.00

Just imagine me, cruising my nano, ‘jeje-ly’, it’s hot and my a/c is blowing flames so I decide to feel the cool breeze only cos as hungry as I am, Gala has been banned, I’m watching out for “red” bikes coming too close too, cos LagosMet said it’s not safe (security-wise), Just in front of me, I see a “check point”, my heart is beating fast cos I left home without my license,  I narrowly escaped and see a child beggar right in front, another trying to clean my windscreen, I decide to help (not that kind of lagos erotic help o!) and then remember that I could end up in jail this very night… yet Lagos is not the worst place to work. Joor oh! Mi o le fi handcuffs she bracelet o!

THE PUBLICATION

In the initiative to re-enforce Law and Order around the Lagos Central Business District, the Lagos State Government hereby draws the attention of the general public to the following PUBLIC DISORDER OFFENCES, contained in the CRIMINAL CODE AND ENVIROMENTAL SANITATION LAW 2003 LAWS OF LAGOS STATE and the sanction that maybe imposed upon conviction.

1    BEGGING FOR OR GATHERING OR COLLECTING ALMS IS PROHIBITED WITHIN THE LAGOS CENTRAL BUSINESS DISTRICT:

1    Outer and Inner Marina
2    Broad Street
3    Balogun Street
4    Martins Street
5    Nnamdi Azikiwe Street
6    Eko Bridge
7    Carter Bridge
8    Apongbon Street
9    Idumagbo Avenue
10    Campbell Street
11    Breadfruit Street
12    Tinubu Street
13    Abibu Oki Street
14    Oke Olowogbowo Street
15    Davis Street
16    Adeniji Adele Street
17    Church Street
18    Docemo Street
19    Odunlami Street
20    Iga Idunganran Street
21    Ereko Street
22    Kakawa Street
23    Campos Street
24    Bamgbose Street
25    Alli Balogun Street
26    Ehingbeti (Marina Foreshore)
27    Ebute Ero
28    Force Road
29    King George Road
30    All Flyovers in Lagos Island

It is an offence to give alms to any person begging for alms within the Lagos Central Business District.

Offenders will be liable to one (1) month imprisonment and suffer punishment for subsequent offences.
www.LagosMet.com
2    Every Person found wandering in or upon or near any premises or in any road or highway or any place adjacent thereto or in any public place within the Lagos Central Business District at such time or under such circumstances as to lead to the conclusion that such a person is there for an illegal or disorderly purpose shall be deemed to be a rouge or vagabond and is guilty of a misdemeanor and is liable to imprisonment for three (3) months and one (1) year upon subsequent conviction.
3    Every suspected person or reputed thief who has no visible means of subsistence and cannot give an account of himself found within the Lagos Central Business District shall be deemed to be a rouge or vagabond and is guilty of a misdemeanor and is liable to imprisonment for three (3) months and one (1) year upon subsequent conviction.

1.    Extortion by tout or miscreants is prohibited on all streets within the Lagos Central Business District.

2.    LITTERING OF THE STREETS WITHIN THE LAGOS CENTRAL BUSINESS DISTRICT IS PROHIBITED.

It is an offence to dispose of scrap papers, newspapers, sweet wrappers, fruit skins, water sachets or similar refuse anywhere except little bins within the Lagos Central Business district. Offenders will be liable to a fine of not less than N1, 000.00

3.    DEFECATING OR URINATING IN THE DRAINAGE OR OPEN SPACES WITHIN THE LAGOS CENTRAL BUSINESS DISTRICT.

It is an offence to defecate or urinate in the drainage or open spaces within the Lagos Central Business District. Offenders will be prosecuted and upon conviction liable to a fine between N5, 000.00 & N 10,000.00.

4.    STRUCTURE ON ROAD SET BACK & ABUSE OF OPEN SPACE AND WALK PATH.

It is an offence to erect any structure on the road set back and walk path of any highway within the Lagos Central Business District and any open space within the district.

No person shall use any road set back or walk path or open space within the Lagos Central Business District for a mechanic workshop.
Offenders will be prosecuted and upon conviction liable to a fine between N5,000.00 & N10,000.00.

Persons convicted of any of these offences maybe ordered to render community service under the provisions of the Law.

Eko o ni baje o!

BIG thanks to Chinwe for putting this together.

Joke of the day. Let’s visit the court of law as this grannie is being tried for disobeying the laws of the state…

Grandma prolly knows you too!

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Hawking not allowed not even in the "garage"

In an initiative to re-enforce Law and Order around the Lagos Central Business District, the Lagos State Government hereby draws the attention of the general public to the following PUBLIC DISORDER OFFENCES, contained in the STREET TRADING AND ILLEGAL MARKETS (PROHIBITION) Law 2003 Laws of Lagos State and the sanction that maybe imposed on conviction:

1.    No person shall sell or hark or expose for sale any goods, wares, articles or things or offer services whether or not from a stationary position along the walkway or on any of the following Streets within the Lagos Central Business District:

1    Outer and Inner Marina
2    Broad Street
3    Balogun Street
4    Martins Street
5    Nnamdi Azikiwe Street
6    Eko Bridge
7    Carter Bridge
8    Apongbon Street
9    Idumagbo Avenue
10    Campbell Street
11    Breadfruit Street
12    Tinubu Street
13    Abibu Oki Street
14    Oke Olowogbowo Street
15    Davis Street
16    Adeniji Adele Street
17    Church Street
18    Docemo Street
19    Odunlami Street
20    Iga Idunganran Street
21    Ereko Street
22    Kakawa Street
23    Campos Street
24    Bamgbose Street
25    Alli Balogun Street
26    Ehingbeti (Marina Foreshore)
27    Ebute Ero
28    Force Road
29    King George Road
30    All Flyovers in Lagos Island

2    Sleeping in the Market place or on all flyovers within the Lagos Central Business District is prohibited.

Any Person who contravenes to this Law shall be guilty of an offence and shall be liable on conviction to a fine of N 5,000.00 and N 15,000.00 or/and a term of imprisonment of between six months and one year.

Persons convicted of any of these offences maybe ordered to render community service under the provisions of the Law.

I kept my promise. The last of the series to hit you tomorrow.

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Would you rather have the Cedes

LAGOS, Corporate Corruption: Wonder why the naira has struggled to make an impact against the dollar? In the news today, the EFCC has moved to arrest all the Diamond Bank Managers involved in the International Passport – visa dollar fraud. Since banks are supplied hard dollars from CBN to be sold to people with Valid Visas and tickets, some Bank Managers used this opportunity to their advantage. These managers make photocopies of these documents to back up such transactions (they were reportedly apprehended with a couple of fake and original passports in their possession) and then sell the dollars at killer rate to the Black Marketers. The dollar which sold at 202 naira sometime in March had risen against the naira due to high demand resulting from artificial scarcity of the dollar in banks.

EFCC arrests Diamond Bank Managers over dollar fraud

It is worth noting that this could mark the end of the careers of these managers, at least in the Banking Industry. Hopefully, this development should strike fear into the minds of defaulters and we can start to dream of 120 naira to a dollar again. Maybe I can comfortably return to school, and prices of inflated items can fall (na dream?)

What determines the naira-dollar exchange rate?

Why’s the naira so weak against the dollar?

Ps: The second part of the Lagos Traffic Laws will be out unfailingly today.

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