Today's Headline News

*AgegePulse Magazine* ...the mouthpiece of Agege/Orile Agege
*Headlines Today*[Mon-13-Nov-2017]*


LASG to shut down tax-defaulting companies Nov 20

All hail Lagos Speaker, Rt. Hon. Mudashiru Obasa as he marks Birthday

Agege Pulse Owambe: Dignitaries Agog as Hon Kunle Olusanya's daughter, Mosunmola weds Abayomi

RenewElephant Cup: Naswdeen thrash Oyemekun FC, Ojikutu FA draw BSquare FC

Rohrs Plaudits for NFF over World Cup Qualification

Transport Secretary FCT, Abuja Hon. Kayode Opeifa celebrates Thanksgiving in style

Fed. Govt. clears chanties at Railway Line in Agege

Xmas decorations: LASPARK calls on "Green Partners" to support Government




*Punch Newspaper*
Military stops admission of combatant female cadets

Obasanjo is boss of bosses, says Jonathan

Ganduje buys N208m noodles, others to empower tea sellers

You are morally bankrupt, Presidency replies Lamido

How DPR, CBN diverted $950m oil royalty Reps panel

SERAP wants Okorocha probed over Zuma, Johnson-Sirleafs statues

Dont release Paris loan refund to Aregbesola, pensioners tell Buhari

Im thankful Jonathan sacked me, says Farida Waziri

FG flies Ekwueme abroad for treatment

No record of treaties signed by Nigeria, says FG

35 apply to build modular refineries in Niger Delta

Senate to name indicted firms in N30tn leakage scam

Amosun okays $2m for fire-fighting tools

LASG to shut down tax-defaulting companies Nov 20

Ahmed, Oyedepo, envoy back national unity

Fulani Christians condemn Plateau killings

Olurode, others urge politicians to emulate Lam Adesina

Niger Republic, Sokoto meet over security, economy




*Vanguard Newspaper*
Amnesty programme for repentant militants ' Ondo Govt

Maina: I want open trial or nothing ' Malami

Harmattan: NCAA alerts pilots, others over weather hazard

PDP Govs in night meeting at Enugu

Lawmaker donates furniture to schools

EKWUEME: FG not bearing cost of treatment

Public disturbance: Court discharges Onikoyi prince, 3 others

AFC signs Zambia as member country

Group back Lagos gov on LGs exco appointments

Obasanjo is boss of bosses, ignore him at your peril 'Jonathan

I'll resist moves to manipulate judicial process 'Wike

A-Ibom Works Commissioner bags Nuj Grand Patron award

Chevron contributes $5m to fight HIV, malaria, others in Nigeria

FG to tackle poverty with development financing ' Osinbajo

Tax: Lagos to shut down headquarters of defaulting firms, banks

Out-of-school residents to benefit from CodeLagos

Ugwuanyi deserves 2nd term, says Fr. Mbaka

We invested N700m on IT infrastructure, works, not website ' Ministry


*The Nation Newspaper*
Lagos to shut tax defaulting firms

Banking with tears ' Tales from e-payment customers

Borno diaries (2)

Army sets up board to probe shooting, death of officers at Chibok

PDP chairman: Governors battle ex-governors, others

Police probe Wike, Amaechi bloody clash

CBN sets clearing rules for banks

Anti-graft war: Buhari okays 2, 250 job slots for EFCC

Ailing Ekwueme flown abroad

Govt didn't spend N700m on mines portal

APGA urges Fed Govt, others to follow due process

Senate to publish names of firms in alleged N30tr scam

Attendant in trouble for theft

Fed Govt, Chinese firms sign $5.8b Mambilla 3050mw contract

Hyat to KDSG: Sacking 22,000 teachers will create chaos in educational system

Kaduna electric spent N100m to install Usman Danfodio university transformer

NCRIB advocates compulsory agric insurance for economic growth

CBN commits N44b to Anchor Borrowers' programme


*Thisday Newspaper*
S'West Comes into Play as APC Yoruba Leaders, PDP Mull Options

FG Unfolds Fresh Plans for Niger Delta Devt

Nigerian Banks Still Cautious About Loan Disbursement

Ikoyi Billions: Whistleblower Will Be Paid This Month, Says Adeosun

Port Harcourt, Lagos Airports Rated Among Worst in the World

Boss Mustapha: May His Tenure be Smooth

DSS Blames Military, Security Agencies for Proliferation of Firearms

Senate to Publish Names of Companies Involved in N30tn Import-Export Scam

Ekwueme Flown Abroad After Three Weeks in Coma

Presidency: Lamido's Criticism of Buhari, Reflection of PDP's Moral Bankruptcy

Fidelity Bank Assures Customers of Quality Service Delivery

NSE CEO, Onyema, Lists Ways to Finance Transport Infrastructure

Anambra, Time to Protect APGA

Anamabra Election: Not A Walkover for Obiano

Rohrs Plaudits for NFF over World Cup Qualification

Congo, Uganda Crash out of Russia 2018 Qualification Campaign

Exclusive:Encourage MSMEs Through Low Interest Loans - Bountiful Charges

Popular Agege's golden daughter, Mrs. Busayo Taiwo Adelanwa a. k. a Bountiful is in the news. This time it's not about community works with Elephant Club of Ogba or philanthropic engagement with Rotary Club, rather, it is an exquisite exhibition of her prowess in the business and financial sector.

She stressed that it's obvious that capital is the opium of any business but MSMEs suffer a lot because of their inability to service humongous credit facilities often offered by financial institutions.

Mrs Adelanwa who is the Convener of Bountiful Foundation, a business consultant and social worker while responding to questions on a TV programme (AM Chat of MITV) themed: Doing successful business in an unpredictable economy like Nigeria, she said it's high time financial institutions began to encourage Small and Medium Scale Enterprises with little interest soft loans if the country truly wants to build a self reliant economy.

Bountiful Highighted some areas which young  entrepreneurs need to envision before dabbling into any venture. she said they need to identifying a need, study the need to understand it (through feasibility studies, business ideation, business concept development, business planning, skill acquisition, internship and apprenticeship, market analysis, industry analysis), then feed the need sustainably and excellently (i.e product or services).

"In case of capital challenges, seek support from friends, families and folks. When you exhaust your lower hanging fruits, seek partnership, equity investors, angel investors, loan, grant." She asserted.

The social worker advised prospective businessman to make contractual agreements they can achieve,  "all agreement must be  win-win and keep all contractual agreement intact."

Thereafter, Bountiful urged government to ensure creating an enabling environment for business to flourish saying that "Chinese or Lebanese investors come into Nigeria with only a brief case and cart away money in containers.The briefcase on arrival is a cheque of international loan at a very low interest rate with longer moratorium yet he gets tax holidays here which indigenous investors may not get."

Ambode Employment Trust Fund: Prospects for Agege

It is no more news that the Lagos State governor, Akinwunmi Ambode recently flagged off the Employment Trust Fund, an initiative designed to empower unemployed youth, business owners and entrepreneurs. Also, the Lagos State Civic Engagement in Collaboration with The Lagos State Ministry of Wealth Creation and Employment swung into action to sensitize the public on how unemployed youths could tap into the initiative, what is new is that it is an avenue for the hardworking artisans, and Small and Medium Enterprises that litter Agege LGA and Orile-Agege, LCDA to witness massive turn around if they key into the initiative and consequently, gainfully employ the thousands of unemployed youth in the area. Therefore, it is imperative to breakdown how to access the N25billion Lagos Employment Trust Fund to the people comprehensive.

Below are steps you need:
1. The Lagos State Employment Trust Fund is an Act of the Lagos State House of Assembly
2. The Fund is administered by a Board of Directors headed by Mrs. Ifueko Omogui Ukauru other members include reputable entrepreneurs, businessmen, youth representatives, civil society organization, women representatives & two representatives of the Lagos State Government.
3. The Operational Guidelines for accessing the Fund has been worked out awaiting the approval of the Lagos State House of Assembly.
4. The loan will attract 3% rate.
5. LASRRA registration is a requirement.
6. Lagos State Government Tax Card is required.
7. Two Tax Paying Guarantors must be presented.
8. The earliest feasible probable date for disbursement is September.
9. Forming Cooperatives is one of the ways for accessing the Fund
10. N6. 25bn is up for disbursement in the first release.
However, as laudable as the good gesture of Governor Ambode appears, it is important to inform you that there are certain offences and penalties designed for beneficiaries that may default the stated rules and regulations of the Employment Trust Fund. They include:
1.  Any person who without lawful authority levies or accepts any contribution from any person, purporting such contributions to be made for the purpose of this law commits an offence and shall be liable on conviction to a fine of Five Hundred Thousand Naira (#500,000.00) or two (2) times the value of collections received which is greater, or to Imprisonment for two (2) years or both.
2.  Any person who makes a false statement or misrepresents the facts in order to gain momentary or any other form of benefits under this law commits an offence and shall be liable on conviction to a fine or two (2) times the value of the disbursed funds and forfeiture of fund property in his/her care and to any non-custodial sentence
3. Any person who misappropriates funds for purposes other than that for which it was disbursed commits an offence and shall be liable on conviction to a fine of two (2) times the value of the disbursed funds and to imprisonment for two (2) years.