Eberechy's blog

A South African Company operating in Nigeria Known as Shoprite Holdings Limited, has announced its plan to auction off its outlets in Nigeria. Cyting the difficulties affecting major businesses during the COVID-19 pandemic.  The mega holdings has stated that the Board has decided to initiate a formal process to auction off its outlets.  Shoprite in an Operational and Voluntary Trading update of 52 weeks that ended on June 28, 2020. Which was released on Monday August 3, 2020. Shoprite said it has been approached by various potential investors.  The update read "Despite difficult circumstances, in a year incorporating the COVID-19 lockdown and accompanying regulations, the group increased total sales of merchandise for the 52 weeks to 28 June 2020. (Including the impact of hyperinflation in the prior year) by 6.4% to approximately R156.9 billion. Like-for-like growth for the year was 4.4%". "Following approaches from various potential investors, and in ...

The U.S Department Of Justice (DOJ) and the Department of the Treasury's Office of Foreign Assets Control (OFAC) have moved against six Nigerians after the U.S Attorney's Office in Nebraska and FBI announced the Unsealing of Indictments and Sanctions against Nigerian nationals.  OFAC had on June 17, 2020. Through a press release announced it has taken action against six Nigerian nationals for conducting an online scheme to steal more than $6 million from victims across the United States.  According to OFAC, the six individuals manipulated their victims to gain access to their sensitive information and financial resources.  OFAC warned that the U.S will not tolerate such gross misconduct of technology.  As a result of this action, OFAC has blocked all property and interest in property of the designated persons that are in possession or control of U.S person or within or transiting the United States and as well the U.S persons are generally prohibited from dealings wit...

Former Vice President of Nigeria and Presidential candidate of the People's Democratic Party PDP in the last concluded election Alhaji Atiku Abubakar has expressed shock over Nigeria's increase in debt to GDP ratio and Revenue ratio that tends to ruins Nigeria's economy.  Atiku through his Twitter handle noted that the revelation from Nigeria's First Quarter 2020 financial reports has given him the greatest shock of his entire life in public service.  Meanwhile, the financial reports from the Federal Ministry of Finance, Budget and National Planning that shows Nigeria's First Quarter 2020 in the Medium Term Expenditure, shown that Nigeria has already spent the sum of N943.12 billion in debt servicing whereas, the federal government's retained revenue for the same period was only N950.56 billion. Leaving Nigeria's current debt at 99%. No one should be deceived. This is a crisis. Debt servicing does not equal to debt repayments. The reality is that Nigeria is ...

Nigeria's Presidential Villa was on Thursday June 11, 2020. Thrown into a gun battle by the First Family following a disagreement between first lady and Buhari's Aid. Trouble began when Sabiu Yusuf also known as Tunde who is General Buhari's nephew had returned to his residence located outside the precinct of presidential Villa from Lagos State where he visited his wife who put to bed recently.  It was gathered that the first lady Aisha Buhari and three of her children Zahra, Yusuf and Halima accompanied by some policemen attached to the first lady including Aid-de-camp ADC stormed Sabiu's residence.  They demanded that Sabiu should observe COVID-19 protocols by self isolating himself for 14 days so as not to endanger the first family.  Sabiu had insisted he was not the only aid to travel to Lagos, he said that the new Chief of staff prof. Ibrahim Gambari is in Lagos every weekend till he settles in Abuja.  It was also gathered that Buhari's daughters Zahra and Hali...

This popular picture of Biafran infants taken shortly after the war shows one of the survivors who have grown to become prominent. Dr Aloy Chife, is one among the children who suffered and survived kwashiokor during and after the Biafra war.  Dr Chife was five years old when the war ended, according to Chife when he shared his story with Nigerians. He said, "I was 5 when the war ended. For a whole year after the war, during lunch break, they matched us to local dispensary". "You extended two cupped palms and received some protein powder so we don't die of kwashiokor". "Living at edge of Igbo land we escaped kwashiokor". "I'm Igbo and i'll never forget that" he said.  Chife who hails from Anam in Anambara State, is married to a beautiful Kenya's Gesare Chife. Today he's an Entrepreneur, Humanist, and a philosopher. Long live Biafra!  Long live Biafra!! Long live Biafra!!!

The nomination of Dr. Mrs Ngozi Okonjo Iweala for the World Trade Organisation WTO top job seems to be suffering a setback following Egypt's request that her nomination for the office of Director General should not be recognised. Egyptian government had on Friday June 5, 2020. Filed an objection to the candidacy of Okonjo-iweala. According to information, in a letter sent to the Ministerial Committee on Candidature, the Egyptian government stated that Nigeria's nomination of new candidate is not in conformity with the executive council decision" EX.CL./Dec.1090(XXXVI) of February 2020. It said member states of African Union AU had been required to nominate candidates for the position of director general by November 30, 2019. Six months away while the request to substitute Yonov Frederick Agah was made on June 4, 2020. Meanwhile, General Muhammadu Buhari on June 4, announced the withdrawal of Yonov Frederick, Nigeria's previous nominee for the position of DG to be repla...