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SERAP sues Buhari over FG’s plan to borrow N895bn from dormant accounts, unclaimed dividends

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Financial Rights and Accountability Project (SERAP) has recorded a claim asking the Federal High Court in Abuja to control and stop President Muhammadu Buhari and the Federal Government from getting about N895 billion of Nigerians’ cash as their unclaimed profits and equilibriums in torpid records.

The legitimate activity is because of the new arrangement by the Federal Government to dominate and acquire unclaimed profits and torpid record adjusts claimed by Nigerians in any bank in the nation however bars lethargic authority ledgers by all parts of government and their organizations.

This revelation is contained in a proclamation gave by SERAP on Sunday, March 14, 2021, and seen on its site by Nairametrics.

The move by the Federal Government under the appearance of the plainly unlawful, illegal and prejudicial enactment known as the Finance Act, 2020, has been named illicit by SERAP.

What SERAP is saying in the claim

In the suit number FHC/ABJ/CS/31/2021 documented last Friday, SERAP is looking for, “A request for interminable order controlling and preventing President Buhari from requesting, assuming control over, getting, and gathering Nigerians’ cash as their unclaimed profits and assets in lethargic records or moving constantly the cash into a trust reserve known as ‘Unclaimed Funds Trust Fund.”

In the suit, SERAP is contending that “The Federal Government ought not be permitted to acquire Nigerians’ cash. Acquiring unclaimed profits and assets in torpid records claimed by common Nigerians would contrarily influence their entitlement to a sufficient way of life, and admittance to clean water, quality medical services and instruction.”

Sigma Pensions

SERAP said that in spite of Nigeria’s diminishing oil income, developing degree of public obligation and broad neediness, public officials including the President, Vice President, lead representatives and their agents, and individuals from the National Assembly have wouldn’t cut their remittances, recompenses and security votes. They said that simultaneously, a large number of Nigerians keep on enduring the worst part of fumble and debasement.”

The assertion additionally said that participated in the suit as Defendants are: Mr Abubakar Malami SAN, Attorney General of the Federation and Minister of Justice; the Senate President, Ahmad Lawan; the Speaker of House of Representatives, Femi Gbajabiamila; and the Minister of Finance, Budget and National Planning, Ms Zainab Ahmed.

SERAP is additionally contending that “For there to be a borrower, there should be a bank. The goal to go into such borrower-moneylender relationship should be known to the two players. Whatever other game plan that permits a borrower to get to assets from a loan specialist without the information and express assent of the moneylender will add up to taking.”

The suit recorded for SERAP by its legal advisors Kolawole Oluwadare and Ms Adelanke Aremo, mostly peruses, “By the joined perusing of segment 44(1) of the Nigerian Constitution 1999 (as corrected) and Article 14 of the African Charter on Human and Peoples’ Rights, the Federal Government has definitely no option to acquire Nigerians’ cash as their unclaimed profits and assets in lethargic records without their insight and express assent.”

“The transition to acquire Nigerians’ cash adds up to unlawful seizure, as it is neither proportionate nor essential, particularly given the reluctance or failure of the public authority to stop fundamental and far reaching debasement in MDAs, cut waste and stop all spillages in open uses. The getting is likewise not in the public interest.”

“Acquiring unclaimed profits and assets in torpid records without fair treatment of law and the information and unequivocal assent of the proprietors is self-assertive, and accordingly, legitimately and ethically ridiculous.”

“To make a substantial trust relationship, there should be an unequivocal understanding between the setlor and the trustee, for the advantages of the trust recipient. There must likewise be adequate proof of the setlor’s aim to make a trust. The relationship can’t be self-assertively made. It can likewise not be constrained or expected singularly, which is by and large what the Federal Government is pushing to do for this situation.”

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Music: Kuwait – Big Boy Doings

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Kuwait comes through on new bop titled “Big Boy Doings”. Big boy doings had Kuwait trapping about the good life, being a big spender and how good life is. Download and share the mountainbeat produced record below.
DOWNLOAD MP3

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Wizkid and Tems make history as “Essence (Remix)” enters the Billboard Hot 100 Top 10

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When Nigerian R&B singer, Tems, serenaded listeners on the hook of the crossover hit single—”Essence”—to the “You don’t need no other body” words, she indeed might have meant it in the relationship and/or sexual context but those words, those lyrics have gone on to have a life of their own outside the contextual or colloquial insinuation. This is very evident with the records the track keeps amassing, creating some in the process. The week starting 12th Ocotber (according to Billboard’s known style of uploading their weekly updated charts on Tuesdays) will see the pair of Nigerian Pop and R&B acts, Wizkid and Tems create a groundbreaking statement no other Nigerian artistes has ever made—the remix to “Essence” will make its debut on The Billboard Hot Top 10.

“Essence” was initially released almost a year ago, October 30th to be precise as part of Wizkid’s fourth studio-album, “Made In Lagos” and it soon became the rave of town both home and abroad, even being teased as one of the topmost songs of the summer 2021; its remix however came some ten months later, on August 13th, featuring American popstar, Justin Bieber.

Some few weeks later, the remix debuted on The Billboard Hot 100, even making it to the Top 20, peaking at No. 13, a record for any Nigerian song and artiste(s) at that time; this time around, it moves three spots upward to the No. 10 on the chart, becoming the first Nigerian song to make an entry into the Top 10 of the prestigious Billboard Hot 100 chart, invariably making both Wizkid and his featured guest, Tems, the first pair of Nigerian acts to have a song reaching that high on the chart usually dominated by American artistes and songs reigning in the USA. A historical moment for Wiz, Tems, Nigerian music industry and Africa at large.

This week’s Top 10 songs on the Billboard Hot 100.

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Play to earn crypto game, Supa Surf to launch its first series this October

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Terkion studio has linked up with Wavylab to release a new mobile game line Supa Surf. Supa Surf is a first person surfing mobile game set in a futuristic world, where you surf like it’s real life, scaling obstacles, maintaining balance competing with co-players and avoiding passing out. According to the CEO of Terkion Studios he said “we are trying to build a culture with Supa Surf not just a game, a community, therefore we will be seeing continuous update and improvement to give users the best possible feeling!”

With an initial release date slated for October 10, for the Wavy Lab published game, according to report, Supa Surf is the first of duo game that runs simultaneously with the second version being the Supa Surf pro, which will see the top player on the game’s inbuilt leaderboard earn crypto every month, when we reached out to Awoniyi Segun the CEO of Wavyvibrations, the parent company of WavyLabs he stated “With Supa Surf we are trying to make earning crypto easier, earn while you have fun and there are possibilities of decentralized market creation in the game using Wavycoin Protocol in the nearest future, we never can tell”.
Supa surf will enable players switch music while playing, competing and earning.

Developer: Terkion Studios
Series: Supa Surf
Publishers: Wavy Lab
Genres: Arcade
Platform: Android IOS

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