HURRAY! Olumuyiwaolayinka.wordpress.com is now OLUMUYIWA.COM.NG

We want to use this opportunity to inform all our readers, friends and well wishers that Olumuyiwaolayinka.wordpress.com is one year and as part of activities marking this milestone, we have decided to create a bigger and more robust website to give you that reader’s experience you deserve.

Dear reader at about 11.00pm West African Time (WAT) GMT+1 we migrated from Olumuyiwaolayinka.wordpress.com to olumuyiwa.com.ng platform.

Most importantly, we thank you for believing in us and the content which we deliver.

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Osinbajo, You Are A Pernicious Liar & A Sanctimonious Self Serving Dwarf, FFK Says

Femi Fani Kayode

Femi Fani-Kayode, former Minister of Aviation has described Vice President, Yemi Osinbajo, as a pernicious liar and a sanctimonious, self-serving dwarf.
Fani-Kayode was reacting to comments credited to the VP, for accusing former President Goodluck Jonathan of withdrawing large sums of money from the nation’s treasury two weeks to the 2015 Presidential election.


Osinbajo had on Monday during the legislative economic summit themed “Legislative Framework for Economic Recovery and Sustainable Development”, described incredible things Jonathan did before 2015 general elections as unbridled waste and corruption.
He specifically said that seeks before the 2015 elections, the government of Goodluck Jonathan, ostensibly doled out N100billion and $295million in cash within two weeks.
But in a series of tweets on Tuesday, the PDP chieftain, lambasted the Vice President, telling him to leave former President Jonathan alone.

“100 billion and $289 million was withdrawn in cash by GEJ 2 weeks before the pres. election ostensibly for security”- VP Yemi Osinbajo.
There is nothing worse than a pernicious liar and a sanctimonious, self-serving dwarf. 
Leave Jonathan alone and clean up ur filthy mess!

Watch How Pastor Adeboye Responded To Daddy Freeze’s Comments On Tithing (video)


On Air Personalty OAP, and Cool Fm radio Presenter, Daddy Freeze has consistently been attacking Pastors that demanded tithe from their followers. He persistently picked on two of the notable and greatest men of God, Pastor E A Adeboye of Redeemed Christian Church of God (RCCG) and Bishop Oyedepo of Winner’s chapel.

In a rare public speech, the  General Overseer of RCCG, Pastor E.A Adeboye reacted to talks on the internet which speaks against tithing.

His words appeared to be directed at OAP Daddy Freeze who is fund of castigating Pastors and preaching against tithing.

Video and transcript of the Pastor’s sermon below.
”Showed me something on the internet about one fellow who said he was talking about tithe, that we shouldn’t pay tithe. At first, I didn’t want to listen but God said ”wait now, listen to what he has to say”. 

And the fellow continued to talked he said ”tithe is supposed to be used to buy alcohol so they can drink in church”. I said well, now we know who is talking. Even mad people don’t go to Church to drink alcohol. No, no, no”.

No matter how crazy somebody is, the moment you say this is a Church, ask him to come in and drink, he will say ”I’m not that crazy”. Because even in his madness, he knows when you say this is the house of God, the house belongs to God.”
However, Daddy Freeze responded to the sermon by the Pastor about him.
Pastor Adeboye is a great man, but he should watch the kind of people he is surrounded with. If you can single him out, he’s a wonderful person

Common Mistakes Most Enterprenuers Make

We love to hear about the latest start-up success story. Knowing that someone was able to build something from nothing gives us hope that we can accomplish the dream as well. However, not every start-up founder makes it to the finish line. More often than not, early stage start-ups fail before they even get off the ground – most of the time, due to the same big mistake.
What experts noticed through their experiences and what we may have seen at start-ups that we are familiar with, is that, in general, there are three types of start-ups founders. First, there’s the experienced entrepreneur who has been down the road before. They know what process works and their companies have a higher chance of success.
The other two types of entrepreneurs, however, make the wrong choices simply because they don’t know what it really takes to get a start-up running. Here’s how they typically make start-up-killing mistakes:
The newbies

These are the start-up founders who have just graduated from college and are ready to try their hands at entrepreneurship. They’ve scrimped and saved, and with the help of their family and friends, have enough money to get started with their idea. At least they hope it’s enough.

These entrepreneurs can’t overspend. They have to work with the budget they’ve scraped together, which means getting things done as quickly and efficiently as possible. On the one hand, this encourages them to run a lean company. They know if they spend too much in the early stages, the start-up will never survive.
However, they can also be scared to spend money on things that are ultimately very important to start-up success. These inexperienced founders might have heard about the agile start-up process, but they’re skeptical of the methodology. To them, running repeated experiments through iteration seems unnecessary or wasteful. They don’t understand that iteration is the difference between success and failure when a start-up first starts out.
Instead, they work on producing one version of their product quickly and inexpensively. That means taking a huge gamble that their end product will have any market appeal.
What these entrepreneurs don’t understand is that the agile process isn’t really expensive and it pays much higher returns. With this process, small aspects of the product are developed and tested during each step of the process. You create, release, and see how the market responds. The results will either validate your product or help you adjust appropriately. Following this process increases the odds that the end product will be market fit.
The established business person

Over the past few years, we’ve seen more and more of this type of entrepreneur. These are the founders who have had a successful career – typically in the corporate world – and are now ready to create their own company. They’ve accumulated industry expertise and money to self-fund their start-up.
These entrepreneurs have saved enough to have more flexibility in their budgets. However, their years working in a traditional company can play against them if they try to run their start-up in the same manner. If they move at the same slow, bureaucratic pace, they’ll get nowhere.
They spend time and a lot of money getting all their ducks in a row before developing their product. They focus on hiring the right team, creating a strategy, and countless other small details that aren’t important for early stage start-ups. Then, when they’re finally ready to begin developing, they’re running low on money.

Culled from Punch

Jibowu And Costain Bridges In Lagos To give Way For Lagos-Ibadan Railway Corridor

Minister of Transportation Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December.
He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for the new railway lines.
According to the News Agency of Nigeria (NAN), Amaechi made the remarks in Lagos when he met with the Steering Committee of the project and the China Civil Engineering Construction Company (CCECC).

The minister said “the two bridges that we may likely demolish are Jibowu and Costain to give way to the rail lines.

“But we are rebuilding them immediately; we are not going to abandon them.

“The challenges will be in the cities like Lagos, Abekouta and Ibadan because we have to pay compensation, look at the water pipes, gas pipes, houses and cables.
“In Lagos especially, we deal with bridges, electric cables and water pipes and other assets.”

Amaechi also said that CCECC was consulting with Lagos State Water Corporation, Nigeria National Petroleum Corporation( NNPC), among others, to facilitate relocation of water and gas pipe lines that were parallel to railway line.
He added that CCECC would start laying tracks by December in Lagos, noting that parts of the rail lines that would be used for the project would arrive the country by end of November.

The minister while inspecting the level of work done, called for speedy work by CCECC so as to meet the deadline.
He called on Inspector General of Police, Ibrahim Idris, to ensure that adequate security was provided for officials of CCECC handling the construction of the rail line.

He urged the Coordinator of the project, Mr Leo Tim, to complete the necessary documentation to facilitate provision of security on site by relevant security agencies.
The minister visited Ijoko, Papalanto, Itori and Ewekoro community in Ogun State as part of the monthly site monitoring to ensure the project met the timeline by December 2018.

Watch How A Doctor Diagnosed Himself Of Cancer Using IPhone (video)

With the right device, it appears the iPhone can even detect cancer.
John Martin, the chief medical officer for Butterfly Network was testing out a device called Butterfly iQ, a small imaging machine for ultrasounds compatible with the iPhone.
According to MIT Technology Review, Martin noticed an unusual discomfort in his throat, so he ran the device — similar in design to an electric shaver — across his throat.
He discovered a mass that turned out to be squamous cell cancer. Martin has since undergone surgery and radiation.
“I felt something funny in my neck, connected the probe to my phone, did an ultrasound, and there it was: My tumor,” said Martin in a testimonial on Butterfly Network’s website.

According to the website for Butterfly iQ, the device sells for under $2,000. According to health industry website Modern Healthcare, the average price for ultrasound systems is $115,000, with low-end systems costing $25,000. 
The device is aimed at healthcare practitioners and facilities in the U.S. licensed to perform ultrasounds. It ships in early 2018, and works with iPhone models as far back as the iPhone SE.

A big reason the device is much cheaper than a traditional ultrasound machine is most of the technology is housed within a microchip.
“Just as putting a camera on a semiconductor chip made photography accessible to anyone with a smartphone and putting a computer on a chip enabled the revolution in personal computing before that, Butterfly’s Ultrasound-on-a-Chip technology enables a low-cost window into the human body, making high-quality diagnostic imaging accessible to anyone,” said Dr. Jonathan Rothberg, founder and chairman of Butterfly Network
Martin said it was while waiting for biopsy results to return on his mass and waiting for radiation therapy he considered how valuable time is when treating patients.
“The sooner we make a diagnosis, the sooner we start treatment,” said Martin. “The secret behind our device is we’re conquering time.”

Watch the video 

MMM Announces A Restart As IT Plans To Relaunch

Many Nigerians weep as MMM announces a “RESTART
Popular ponzi scheme MMM has officially announced a “RESTART” of the system, leaving many Nigerian participants wailing with thousands and millions on Naira trapped in the scheme.
In a message posted on the home page of participants Saturday morning, the scheme said that it had struggled to stay afloat after going on a break in Dec. 2016 but had been forced to do a system restart.
Many of the participants who commented in various MMM Whatsapp groups recounted sadly how they and family members had lost millions to the scheme.

MMM is a ponzi scheme which gained popularity in Nigeria in 2016. It promised to pay participants 30 per cent return on investment every 30 days.
Despite various warnings by the Federal Government and its financial regulators, many Nigerians adamantly went on to participate in MMM.

Recall that in 2016, the Federal Government, through the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) warned Nigerians against putting their money in the scheme.
In December 2016, the scheme went on “Pause Mode”, freezing the funds of participants and allegedly bolted with N18 billion but promised to resume payments by January 2017.
MMM kept its promise by resuming in January but it had new rules: 2016 money was to be paid back in percentages of new money “invested”.
This also did not stand the test of time and by July 2017, the scheme went on a semi pause mode when it could not pay withdrawal requests.
While those who lost their money in June/July continued to wait and lament, the ponzi scheme, in a frantic effort to stay afloat, commenced payment of those who “invested” their money in August, promising to backdate the payment to cover those whose money were still pending from June and July.
It even introduced 100 per cent return on investment to encourage more Nigerians to participate in August.
Apparently unable to meet its promises to pay back June/July pledges and faced with more challenges, the ponzi scheme on Saturday announced that it was going on restart, blaming the Nigerian government and the media for its woes which started in 2016.
Read the full text of the message:
RESTART
Unfortunately, we were unable to overcome the consequences of the crisis triggered by the authorities and mass media incautious actions at the beginning of this year. Despite all our efforts. The problems have been accumulating and, as a result, we have to announce a restart.
So, there is a restart:
All old Mavros (acquired before this announcement is posted) are frozen. We will gradually buy them back as the System develops.
All transactions with new Mavros (acquired after this announcement is posted) will be carried out on the usual terms with no restrictions.
Some amendments have been made to the rules:
Mavros will now start growing at the moment the request is confirmed (not at the moment it is created, as it was previously).

Consequently, bonuses will start growing at the moment when the main contribution is confirmed (upon which bonuses have been rewarded on).

Mavro-50% for the first contribution will not be available.

We launch three-month contributions of two types: 40% and 50% (see more details in WHAT IS MMM).

We’re confident that this measure (especially paragraphs 1 and 2) will significantly reduce the load on the System while also significantly improving its stability.
As a matter of fact, a restart is not the end of the world, it’s just a restart of the System and nothing more. Continue to provide help and you’ll get it all back (even if you’ve lost something now). It all starts from the beginning. It’s the most opportune time for participating.
We would also like to remind you (just for form’s sake) that everyone had been fully aware of all the risks and had read the WARNING which they had also confirmed by checking the relevant box in the process of registration.
Hoping for your understanding,

MMM Administration
Some of the participants of the scheme expressed regrets for ever joining MMM.
One of the participants (names with held) said that if he had known he would have used his money fro something better rather than investing on the scheme.
“This MMM people are very useless, they just came to dupe us,” he said.
On the promise by the scheme to buy back the debts it owed Nigerians when it restarts, he said: “Restart? who are they restarting with? Nobody will join MMM in Nigeria again”.
“MMM is gone and gone for good,” he said.

Culled from Vanguard

Tinubu discloses cause of son’s death

Following controversies that had trailed his son, Jide’s death, the national leader of All Progressives Congress (APC), Bola Tinubu, has disclosed that the deceased died of cardiac arrest.
Tinubu’s clarification on his son’s death came barely 24 hours after departing Lagos with his wife, Oluremi, who is chairman, senate committee on Environment, for London to visit the family of deceased.
The former governor, in a statement by his media aide, Tunde Rahman, on Friday, described his son’s death as a reminder except GOD, no human have knowledge of his last day on earth.
“My son was a highly intelligent person with a vibrant personality and a zest for life. He followed his own course and made his own way on his own terms. Those who knew him could not help but like him. Yet, he was taken away by cardiac arrest when it seemed he had so much life to still live.
“This is a reminder that we must live each day to its best as none of us knows when our last day shall be. Mortality comes upon us all. We have no choice in that but we do have a choice whether we shall be good or bad, just or unjust. Let us all strive toward the best in ourselves.

Five Keys To Learn From Your Mentor As A Young Enterpreneur

By Debbie Larry Izamoje

A lot of young entrepreneurs these days send cold emails, direct messages and private chats to people they want as their mentor. But, sadly only a few know what they want from these mentors or what they can even bring to the table as a mentee.
This well-thought article will give insight to 5 qualities or traits to either steal, imbibe, grab or whatever grammar you choose to use from your prospective mentor. You need to stop liking the way he/she dresses at this point and improve from liking his/her photos on social media.
Get in there, move closer and pick on these amazing traits/qualities to aid your career growth as an entrepreneur.

Visualisation skills

Disruption, as it’s widely used in different industries are the mindset of every entrepreneur. Their desire to push for a new product, new idea, or simply a different way of doing things springs from a deep well of creativity and out-of-the-box thinking.
These people are never content with the status-quo and are always trying out ways to push the beyond boundaries, and developing new ideas in the process. So, to have a successful entrepreneurial career, Your strong visualization skills must be top notch.
Self-confidence

What drives an entrepreneur to venture into something new with no job security, no steady salary and no previous template to follow is the confidence they have in their vision which they want to push passionately. Self-confidence will steer them through their journey.
If they didn’t have a passion or confidence on their idea, their team wouldn’t follow through the vision with commitment and the investors would not be convinced to place their bets on them. Meanwhile, without your self-confidence, you might not be able to convince anyone or any potential investor to invest in your idea.
Perseverance

Successful entrepreneurs possess the quality of perseverance in loads. Navigating new paths in a startup are naturally fraught with challenges, rough tumbles and lot of failures. However, most of the success stories are marked by a strong determination to “try, and try again”.
Truly passionate and motivated entrepreneurs treat failures as stepping stones towards improvement and development. They take learning seriously to evolve newer and improved modules to achieve their vision. In other words, Perseverance is major.
Adaptability

Having a vision, self-confidence and passion does not mean that an entrepreneur has to be bound strictly within their confines. The entrepreneurial nature requires survival skills of adaptability and agility to find new and more successful ways of doing the business. This quality of adaptability to constantly change, and improve keeps the work of being an entrepreneur relevant.
Network building

Successful entrepreneurs possess the leadership quality of a high emotional quotient. This not only stokes their passion but intuitively helps them to understand what their customers want, how to rally people around their objectives, mentor team members for growth, build long-lasting networks for future expansion.
Right from the start, when their idea is taking off, successful entrepreneurs start making connections which could add value to their endeavors. They constantly seek advice from their mentors, closely guide people within the company, create links within the industry and stay attuned to their client base.
ABOUT DEBBIE LARRY-IZAMOJE

Debbie Larry-Izamoje AKA The Entrepreneur’s Best-Friend holds a BSc in Information management from the University of Sheffield, United Kingdom, and MSc in management from University College London (UCL). She has also secured certificates in user innovation from Massachusetts Institute of Technology (MIT) and Innovation and strategy from Harvard University.
She is on a mission to raise a generation of young established or soon to be established professionals who are more vocal about business difficulties while providing solutions through public speaking, training, workshops and coaching.

 

Nigeria joins Top 10 Most Improved Economies In New World Bank Rankings

Nigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world.
This was made known in a statement issued by the Vice President’s office on Tuesday in Abuja.
The World Bank Doing Business project provides objective measures of business regulations and their enforcement across 190 economies worldwide.
Reacting to the development, Vice President Yemi Osinbajo, SAN, said “I welcome Nigeria’s improved performance. We are one of the top ten reforming economies in the world in 2017. After a decade-long decline in Nigeria’s rankings, last year the Government recorded a modest increase.
This year, Mr President set us an ambitious target of moving up twenty places in the rankings – I am delighted that we have exceeded his goal.
“Improving the business environment is at the heart of the Buhari Administration’s reform agenda. We are reinforcing our economic turnaround by a vigorous and active implementation of the Economic Recovery and Growth Plan (ERGP) so businesses operating in Nigeria can thrive and be competitive globally.
“For the first time, coordinated efforts across various levels of governments have been undertaken to make it easier to do business in Nigeria. I commend all stakeholders who worked with us to achieve this significant result, particularly the National Assembly, Lagos and Kano State Governments, and the private sector.”
The World Bank highlighted five reforms making it easier to do business in Kano and Lagos, the two cities covered by the report in Nigeria over the course of last year:
1. Starting a Business, 

2. Dealing with Construction Permits 

3. Registering Property 

4. Getting Credit, and

5. Paying Taxes.
In the area of company registration, the Corporate Affairs Commission has moved to offer online registration and introduced new features such as electronic stamping of registration documents. Thus, entrepreneurs have been able to register their businesses much faster, within 24-48 hours, thereby saving cost and time
Getting construction permits and registering property in both Lagos and Kano States have become more transparent and easier for businesses with the online publication of all relevant regulations, fee schedules and pre-application requirements online.
Getting access to credit is now easier and Nigeria is placed 6th in the world on this indicator. The Government recorded a significant success by collaborating with the National Assembly to pass two new Acts, the Secured Transactions in Movable Assets Act 2017 and the Credit Reporting Act 2017, thereby strengthening the legal framework for access to credit for SMEs across the country – an important requirement for the success of SMEs.
Finally, it has become easier to pay taxes in Nigeria because taxpayers can file tax returns at the nearest Federal Inland Revenue Service (FIRS) office, and electronic payment and filing are gradually gaining acceptance.