Sanusi Lamido sacked by FG

President Jonathan has announced the suspension of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.

This was made known in a statement signed Thursday by Reuben Abati Special Adviser to the President (Media & Publicity.

The statement further Directed that the most Senior Deputy Governor of the CBN, “Dr Sarah Alade who will serve as Acting Governor until the conclusion of on-going investigations into breaches of enabling laws, due process and mandate of the CBN”.

The statement reads thus

Having taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been characterized by various acts of financial recklessness and misconduct which are inconsistent with the administration’s vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline;

Being also deeply concerned about far-reaching irregularities under Mallam Sanusi’s watch which have distracted the Central Bank away from the pursuit and achievement of its statutory mandate; and

Being determined to urgently re-position the Central Bank of Nigeria for greater efficiency, respect for due process and accountability, President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the Office of Governor of the Central Bank of Nigeria.

President Jonathan has further ordered that Mallam Sanusi should hand over to the most senior Deputy Governor of the CBN, Dr Sarah Alade who will serve as Acting Governor until the conclusion of on-going investigations into breaches of enabling laws, due process and mandate of the CBN.

The President expects that as Acting Governor of the Central Bank, Dr. Alade will focus on the core mandate of the Bank and conduct its affairs with greater professionalism, prudence and propriety to restore domestic and international confidence in the country’s apex bank.

The Federal Government of Nigeria reassures all stakeholders in Nigeria’s financial and monetary system that this decision has been taken in absolute good faith, in the overall interest of the Nigerian economy and in accordance with our laws and due process.

Get Ready to Pay 99 Cents to Watch YouTube

YouTube is increasing its efforts to generate more revenue with its most popular videos producers. Thousands of YouTube creators will now be able to launch paid channels, which charge a monthly subscription fee of $0.99 or more.

The paid channel initiative began in May as a pilot program with a few dozen accounts, including popular brands like Sesame Street and the Professional Golf Association. Now any video creator who has 10,000 subscribers and has been verified by YouTube will be able to set up a new paid channel and charge a fee for access to their content. Creators can set their own subscription rates, though YouTube has final authority to determine pricing. Every paid channel will offer an initial 14-day free trial.

A YouTube spokesman confirmed that the revenue split between YouTube and creators for subscription channels is similar to the model used for advertising revenue, with creators keeping the majority of the money. YouTube does not disclose the exact percentage of this advertising split, but it has been widely reported to be 55 percent for creators and 45 percent for YouTube.

The Google-owned video platform has invested heavily to improve the quality of its content as it tries to lure advertisers away from television. The company has spent at least $300 million in the production and marketing of a slate of 100 original channels in the last two years. YouTube also has production studios for creators to use in Los Angeles,  London and Tokyo. A fourth will open in New York in 2014.

YouTube declined to disclose the number of subscribers for any of the existing paid channels, but over the summer some channel operators said user response had been tepid, according to variety. A YouTube spokesman said these are still very early days for the initiative.
The original version of this story said YouTube creators with 10,000 subscribers could “convert” their channels to paid channels. In fact, these users must create new channels to charge a subscription. 

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Does Even More, Weighs Even More Less - iPad Air

Apple just announced iPad Air, the fifth in its line of (nearly) 10-inch tablets. Last year, Apple's big-boy got a perfunctory upgrade, but this year the iPad's getting a new super skinny design—and a new name—with batch of significant improvements that'll carry it through the next year.

The rumors about an iPad redesign were true, but it's even slicker than we thought. The iPad Air features the first really significant update to the tablet's hardware since the iPad 3, which added a retina display and an increase in heft due to a hulking battery.

At 7.5mm thick, the iPad Air is 20 percent thinner than its 9.5mm predecessor, with a flat-backed design resembling the iPad mini. Very handsome. It's also way lighter, just one pound, compared to 1.44 pounds before. Apple says it's the lightest full-size tablet in the world. That should help it stand out from the pack. Early accounts suggest the new tablet is a delight.

 GUTS

Inside, the iPad Air runs the burly new A7 system chip the powers the iPhone 5s. According to Apple, the new chip doubles the iPad Air's graphics and computational performance compared to the 4th gen model. Compared to the original, that's eight times faster CPU performance and 72 times faster graphics.

The new chip, as we noted before, introduces support for 64-bit architecture. Basically, Apple's future proofing its ecosystem for devices with more than 4GB of RAM. Additionally, the CPU features an underlying improvement in architecture (ARMv8 from ARMv7, if you must know), which should greatly improve battery life.

The A7's new M7 Motion Coprocessor, which manages inputs from the iPads built-in sensors. Although, we're less sure what we'd use this extra power for given that you're less likely to go for a run with iPad in tow.

And last but not least, the iPad Air has Wi-Fi with MIMO that's two times faster than before and dual built-in microphones that'll help improve the audio quality.

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Camera

The iPad camera has always lagged behind the camera on the iPhone, and it won't catch up with the iPad Air—not in resolution at least; it's still just 5 megapixels. The 1.2 megapixel 720p FaceTime camera has been upgraded to a camera that can shoot in FullHD 1920 x 1080 resolution, though.

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Battery Life

As we noted before, the iPad 3 was big 'un because it needed a big battery to power that beautiful retina display. Now that the iPad is a a skinny slate, the concern would be that battery life might suffer if Apple used a smaller battery. According to Phil Schiller the iPad Air will get 10 hours, just like before. Impressive.

New Music: Yemi Alade - Johnny

Loving selebobo on this beat.

New Video : Davido Official Skelewu Video out.

 Tell me what you think about this version. That is the Moe Musa Version