HIT BANGER [MUSIC]: BORN BIZZY FT DON DRIM ~ LA PLATE (@born_bizzy @donbabadrim)

Fresh new song from this fresh dude popularly known BORN BIZZY! Incase u don’t know he did a popular tribute song for DA GRIN, he has gone far in the music industry tho, and he’s still gonna release more good music this year, I bet it you will put this on replay, for the nice voice, nice chorus, nice and tight verses from the two sides…This song was produced by DON DRIM which he also featured in the song Download, Share and Enjoy DOWNLOAD

Toyota keeps world No.1 title with record vehicle sales

TOKYO – Toyota sold a record 9.98 million vehicles last year, it said Thursday, outpacing rivals General Motors and Volkswagen to maintain its title of world’s biggest automaker. The Japanese auto giant’s highest-ever annual sales volume came thanks to a weaker yen as well as strong US and China sales, signalling it had recovered from a series of damaging safety recalls and Japan’s 2011 quake-tsunami disaster. The figures beat US-based GM, which said it sold 9.71 million cars last year, while Germany’s Volkswagen logged annual sales of 9.5 million. Toyota broke GM’s decades-long reign as world’s top automaker in 2008 but lost the crown three years later as the quake-tsunami hammered production and disrupted the supply chains of Japanese automakers. However, in 2012 it once again overtook its Detroit rival, which sells the Chevrolet and luxury Cadillac brands. GM’s strong results come after it emerged from bankruptcy and a government bailout during the 2008 global economic crisis. Toyota, maker of the Camry sedan and Prius hybrid, also said Thursday it expects this year to become the first automaker to break the 10 million vehicle sales barrier. That growth would be driven by overseas demand — Toyota expects volume at home to slip 5.0 percent this year as consumer demand takes a hit from an April sales tax hike. Toyota has outmanoeuvred other automakers with a “comprehensive edge” in product lineup, sales network and cost structure, said SMBC Nikko Securities auto analyst Shotaro Noguchi. “They have maintained that balance well, compared to its rivals,” he said. “Toyota should have reached the 10 million mark sooner if they had not faced major negative factors like the impact of the quake disaster and flooding in Thailand.” But he warned that the auto giant should not get complacent, adding: “If they only pay attention to production and sales figures, they could lose their competitive edge and wind up in trouble.” China, emerging markets driving sales The sales figures cap off an impressive comeback for Toyota, which took a heavy blow from a series of mass recalls affecting millions of cars that damaged its once-stellar reputation for quality and safety and led to US congressional hearings in 2010. The firm has said it expects a net profit of 1.67 trillion yen ($16.02 billion) in the fiscal year to March thanks to a sharply weaker yen and improving sales in North America. Toyota has ramped up its drive to tap emerging markets while key US demand has also been on the upswing, helping the firm book ever-increasing profits with its half-year earnings surging 82.5 percent. Japanese industry has benefited from the big-spending and easy-money policies of Prime Minister Shinzo Abe, with huge monetary easing measures from the premier’s hand-picked team at the Bank of Japan helping push down the currency. The weaker currency boosts Japanese manufacturers’ bottom line by making them more competitive overseas and inflating repatriated overseas profits. The latest sales also signal improving demand in China after Japanese automakers were hammered in 2012 by a damaging consumer boycott in the world’s biggest vehicle market that was sparked by a territorial spat between Tokyo and Beijing. Toyota has also announced plans to develop components for hybrid vehicles with two Chinese automakers, in an unprecedented technology-sharing deal aimed at increasing green car sales in the fast-growing market. The move marked shift away from Japanese carmakers’ traditional reluctance over such deals for fear of losing their competitive edge. Previously, Toyota would make key components such as batteries and motors in high-cost Japan and then ship them to joint ventures overseas. But that drove up the price of models such as its Prius, which has seen sluggish sales in China. China’s pollution problem has stoked big demand for environmentally friendly cars, such as electric and fuel-cell vehicles, while officials have promised stricter emissions standards to deal with the mushrooming public-health issue. Toyota’s shares fell 1.32 percent to 6,256 yen in Tokyo before the sales figures were published. (AFP)

N963.7m subsidy fraud: Spring Bank says oil marketer followed due process

The Spring Bank Plc on Thursday said that an oil marketer, Rowaye Jubril, followed due process in importation of fuel for which he was given N963.7 million subsidy. The News Agency of Nigeria (NAN) reports that Jubril is being prosecuted by the Economic and Financial Crimes Commission for fuel subsidy fraud. He is facing trial along with his company- Brila Energy Ltd – before Justice Lateefat Okunnu of an Ikeja High Court. The EFCC claimed that the defendant did not import the 13,500 metric tonnes of Premium Motor Spirit (PMS) for which he was given the subsidy. However, Mr Uchenna Adobaka, the Deputy Manager, Energy Group of Spring Bank, who testified before the court on Thursday, contradicted the EFCC’s claim. Adobaka said: “The complete process of importation was complied with. “As far as the bank is concerned, we have no evidence to show that the product was sourced locally. We (the bank) believe that it was imported. “The witness, who was cross-examined by the Defence Counsel, Mr Kola Kolade, said the bank financed the transaction by granting Jubril a credit facility of $11.9 million. He said that the bank appointed General Marine and Oil Services Ltd. to supervise the importation and discharge of the product on its behalf. Adobaka, however, said that the company later wrote to Spring Bank admitting that it did not supervise the discharge of the product at Obat Tank Farm in Lagos. The witness also noted that there were discrepancies in the shipping documents submitted by General Marine Oil Services Ltd. and their corresponding bank, Union Bank U.K., on the transaction. “The document submitted by Union Bank U.K. showed that the mother vessel was MT Overseas Lima while our appointed agent said it was MT Gabros. “We wrote to the supplier of the product, Napa Petroleum, who confirmed via an electronic mail that it imported the product for Brila using MT Overseas Lima,” he said. He said all the required documents were submitted to the Petroleum Products Pricing and Regulatory Agency (PPPRA) for the processing of the subsidy payment. According to him, the subsidy was credited into Brila’s account with Spring Bank. He said that the loan was repaid with interest. Under re-examination by EFCC Counsel, Mr Seidu Atteh, the witness said that the bank was not physically present to witness the transaction. Adobaka said that the bank relied on the documents presented for the transaction which, he said, was the standard practice. NAN reports that the case was adjourned till April 28 for continuation of trial. (NAN)

LASU Crisis: Lagos lawmakers summon Education Commissioner, LASU management, SUG

Lagos State University, LASU, re-opens as Academic Staff Union of Universities, ASUU, called off its six-month-old strike, yesterday. Members of the Lagos State House of Assembly (LAHA) has summoned the Commissioner of Education, Mr Yinka Oladunjoye, the management of the Lagos State University (LASU) and the Students Union Government (SUG) over students’ protest. The News Agency of Nigeria (NAN) reports that the students union government of the university had embarked on a peaceful protest on Wednesday, Jan. 22, over the closure of the university’s portal by the authorities. NAN further reports that the alleged closure of the portal had deprived the students from registering for the second semester examination. Mr Wahab Alawiye-King, Chairman, House Committee on Education, Science and Technology, brought the notice to the House at plenary on Thursday, under matter of urgent public importance. Alawiye-King (APC-Lagos Island II), appealed to the school authority to reopen the portal for two days, to enable the students register for the examination, so as to halt the current crisis. He said students were to commence the second semester examination two weeks after resumption, but without the necessary registration, no student could write the examination. NAN reports that the issue generated a heated debate at the plenary, as the lawmakers saw the issue from different perspectives, which almost resulted in an open disagreement. The Speaker, Mr Adeyemi Ikuforiji, was compelled to call for a short adjournment to enable the legislators resolve the issue at a parliamentary session. Ikuforiji, however, announced the decision of the lawmakers to invite the mentioned stakeholders to plenary, to brief the House. (NAN)

Marketers Are No Longer Buying Mercy Johnson’s Movies

Movie Marketers are no longer buying her movies Since she refuses to reduce her price, sources said any movie u see mercy Johnson in is an old movie that she is presently out of jobs, Because producers have stop using her for movies, marketers would not buy,the ones that have paid her, are asking for refund… We hope Mercy Johnson and Marketers Resolve this issue soon…