Economy
MMM is Satanic, Has Link with Mark 666—Prophet Okafor
**Death in President’s Family in 2017
**God Will Use Tinubu to Restore Nigeria
By Dipo Olowookere
Senior Pastor of Mountain of Liberation and Miracle Ministry (aka) Liberation Ministry, Mr Chris Okafor, has warned Nigerians to stay away from the popular Ponzi scheme called MMM.
The cleric, in his 2017 predictions, described MMM as “satanic” and not from God, stressing further that it is a “design for mark 666.”
In his other predictions, Prophet Okafor urged Nigerians to pray for a former military president and minister against death.
He also said President Muhammadu Buhari is not the one to lead Nigeria to its Promised Land, but someone to prepare the way for the ‘Messiah.”
The man of God further said he saw “death in family of the President.”
He also said “God will use (Mr Bola) Tinubu to restore Nigeria but he must be prayerful against conspiracy against his life spiritually and physically.”
On the Anambra election, Prophet Okafor said Mr Ifeanyi Ubah will take over from Governor Willie Obiano after his second term in office, but “must pray against conspiracy.”
Below are summary of his predictions:
* Death Of Former Military Head Of State.
* Major fire disaster in homes and market places.
* Death in family of the president.
* Osinbajo will not be impeached but will likely not be Buhari’s running mate.
* The church will be seriously persecuted all over the world beyond what it is currently going through but will have upper hand.
* Another major party would be formed that will wrestle power from the present government.
*Buhari is not the Messiah but to prepare the way for the Messiah.
* MMM is not of God but a design for mark 666.
* Ifeanyi Ubah will take over from the present governor Obiano of Anambra state after his second (2nd) term but he must pray against conspiracy.
* God will use Tinubu to restore Nigeria but he must be prayerful against conspiracy against his life spiritually and physically.
* The football and entertainment industry should pray against death on some major faces.
*Death of present and former minister(s) to be averted through prayers.
* A former leader of PDP to die.
* A popular man behind the pulpit to die.
*A major leader in Africa to die (in the mode of a President.)
* The economic situation will improve in Nigeria through divine intervention.
* There will be a serious attempt to Islamise Nigeria but the Lord says it will not come to pass.
*Boko Haram is going to regroup and will become deadlier but they will be stopped.
*There will be major restoration to a lot of people that have given up and families will be liberated from their strong enemies.
*A former Governor of Akwa Ibom waving goodbye but will be averted through prayers.
*A major country in Europe should pray against the death of a powerful leader.
*Nigeria’s glory days in sports will return, especially in football.
*An opposition party will likely take over power in South Africa. There is going to be a lot of political crises.
*A lot of finance houses/banks and their directors will go through a lot of crises and humiliations.
*Major oil dealers will face a lot of persecution.
*I see a major monarch waving goodbye.
*We have to pray against the outbreak of major airborne disease.
*There will be a major shakeup in the military and the police.
*There would be great improvement and discoveries in the power sector.
By Modupe Gbadeyanka
The federal government has been asked by the Nigerian Bar Association (NBA) to suspend the implementation of the controversial tax laws.
In a reaction to the tax reform acts, the president of the group, Mr Afam Osigwe (SAN), the suspension of the laws would allow for a proper investigation into allegations of alterations in the gazetted and harmonised copies.
A member of the House of Representatives, Mr Abdussamad Dasuki, alleged that some parts of the laws passed by the parliament were different from the gazetted copy.
To address the issues raised, the NBA said it is “imperative that a comprehensive, open, and transparent investigation be conducted to clarify the circumstances surrounding the enactment of the laws and to restore public confidence in the legislative process.”
“Until these issues are fully examined and resolved, all plans for the implementation of the Tax Reform Acts should be immediately suspended,” the association declared.
It noted that the controversies “raise grave concerns about the integrity, transparency, and credibility of Nigeria’s legislative process.”
“These developments strike at the very heart of constitutional governance and call into question the procedural sanctity that must attend lawmaking in a democratic society,” it noted.
“Legal and policy uncertainty of this magnitude has far-reaching consequences. It unsettles the business environment, erodes investor confidence, and creates unpredictability for individuals, businesses, and institutions required to comply with the law. Such uncertainty is inimical to economic stability and should have no place in a system governed by the rule of law.
“Nigeria’s constitutional democracy demands that laws, especially those with profound economic and social implications, emerge from processes that are transparent, accountable, and beyond reproach. Anything short of this undermines public trust and weakens the foundation upon which lawful governance rests.
“We therefore call on all relevant authorities to act swiftly and responsibly in addressing this controversy, in the overriding interest of constitutional order, economic stability, and the preservation of the rule of law,” the organisation stated.
By Adedapo Adesanya
Demand for hot stocks, including MRS Oil Plc, buoyed the NASD Over-the-Counter (OTC) Securities Exchange by 0.52 per cent on Tuesday, December 23.
The energy company was one of the three price gainers for the session as it chalked up N19.69 to sell at N216.59 per share versus the previous day’s value of N196.90 per share.
Further, FrieslandCampina Wamco Nigeria Plc gained N2.95 to close at N56.75 per unit versus N53.80 per unit and Golden Capital Plc appreciated by 84 Kobo to N9.29 per share from Monday’s N8.45 per share.
Consequently, the market capitalisation went up by N10.95 billion to N2.125 trillion from N2.125 trillion and the NASD Unlisted Security Index (NSI) rose by 18.31 points to 3,570.37 points from 3,552.06 points.
Yesterday, the NASD bourse recorded a price loser, the Central Securities Clearing System Plc (CSCS), which gave up 17 Kobo to close at N33.70 per unit against the previous trading value of N33.87 per unit.
The volume of securities traded at the session went down by 97.6 per cent to 297,902 units from the previous day’s 12.6 million units, the value of securities decreased by 98.5 per cent to N10.5 million from N713.6 million, and the number of deals remained flat at 32 deals.
By value, Infrastructure Credit Guarantee Company (InfraCredit) Plc ended as the most actively traded stock on a year-to-date basis with 5.8 billion units exchanged for N16.4 billion. This was followed by Okitipupa Plc, which traded 178.9 million units valued at N9.5 billion, and MRS Oil Plc with 36.1 million units worth N4.9 billion.
In terms of volume, also on a year-to-date basis, InfraCredit Plc led the chart with a turnover of 5.8 billion units traded for N16.4 billion. Industrial and General Insurance (IGI) Plc ranked second with 1.2 billion units sold for N420.7 million, while Impresit Bakolori Plc followed with the sale of 536.9 million units valued at N524.9 million.
By Dipo Olowookere
It was another bullish trading session for the Nigerian Exchange (NGX) Limited as it closed higher by 0.59 per cent on Tuesday.
The market further rallied due to continued interest in large and mid-cap stocks on the exchange by investors rebalancing their portfolios for the year-end.
Yesterday, Aluminium Extrusion sustained its upward trajectory after it further appreciated by 9.96 per cent to N14.90, as Austin Laz gained 9.81 per cent to close at N2.91, Custodian Investment improved by 9.69 per cent to N38.50, and First Holdco soared by 9.35 per cent to N50.30.
Conversely, Royal Exchange declined by 7.22 per cent to N1.80, Champion Breweries shrank by 6.57 per cent to N15.65, NASCON lost 5.36 per cent to trade at N105.05, Sovereign Trust Insurance depreciated by 5.28 per cent to N3.77, and Japaul went down by 4.51 per cent to N2.33.
At the close of business, 29 shares ended on the gainers’ table and 27 shares finished on the losers’ log, representing a positive market breadth index and bullish investor sentiment.
This raised the All-Share Index (ASI) by 895.06 points to 153,354.13 points from 152,459.07 points and lifted the market capitalisation by N579 billion to N97.772 trillion from the previous day’s N97.193 trillion.
VFD Group finished the day as the busiest stock after it recorded a turnover of 192.0 million units worth N2.1 billion, GTCO exchanged 63.5 million units valued at N5.6 billion, Access Holdings traded 49.8 million units for N1.0 billion, First Holdco sold 45.8 million units valued at N2.3 billion, and Secure Electronic Technology transacted 38.3 million units worth N28.4 million.
In all, market participants bought and sold 677.4 million units valued at N20.8 billion in 27,589 deals compared with the 451.5 million units worth N13.0 billion traded in 33,327 deals on Monday, showing an improvement in the trading volume and value by 50.03 per cent and 60.00 per cent apiece, and a shortfall in the number of deals by 17.22 per cent.
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