| Photo: Sun News Publishing
Lagos lawyer and human rights crusader, Chief Gani Fawehinmi (SAN), has slammed the Federal Government over the shoddy treatment meted out to the Deputy Inspector General of Police, Mr Ogbonnaya Onovo, who took over briefly from retired Inspector General of Police (IG), Mr Sunday Ehindero, before the appointment of Mr Mike Okiro as the acting IG in his stead.
Fawehinmi citicised the sidelining of Onovo, who was next in rank to Ehindero, condemning it as unfair, unjust, unconstitutional and betraying an apparent age-long mindset of excluding the Igbo people, who constitute one of the three largest ethnic groups in Nigeria from the leadership of the police.
Onovo, an Igbo and most senior officer, took over from Ehindero on the latter's retirement, only for Okiro to be named Acting Inspector General shortly after.
Focus turning to secured loans
More people are turning to secured loans . Mortgage borrowers have been locking themselves in to fixed rate mortgages in increasing numbers over the last 12 months. At the same time a rising number of mortgage applications have been turned down. Both are symptoms of rising interest rates. But what about those who need to raise money, for whatever reason, and find themselves unable to extend their mortgage (because their income won't support the new multiple) or because they face substantial early repayment charges on their existing mortgage? Secured loans are seen as one potential answer. Robert Sinclair, Director of the Association of Finance Brokers, says, "Mortgage brokers are increasingly using secured loans as an appropriate part of their advice to customers.
Vandalism hits credit union activist
Cathryn Chudy stood in the yard of her Vancouver home Saturday and stared at the three letters scribbled across just about every window on two sides of the house - CCU. What, the police asked Chudy, does that mean? Chudy believes the letters are connected to her activism within Vancouver-based Columbia Credit Union, an effort that ultimately led to Chudy's expulsion from one of the state's largest credit unions. "I was stunned," Chudy said. "Obviously there is a message there, but it's hard to figure out what that message would be." Columbia officials were equally perplexed and surprised to hear about the graffiti on Chudy's home. "Columbia is sorry this happened to Cathryn and we hope that the police are successful in uncovering who used our name in such an irresponsible manner," said Colleen Boccia, Columbia spokeswoman.
The Debt Adviser Cancel card that's ripping you off
Dear Debt Adviser: In an effort to improve my credit I pretty much accepted a very bad credit card offer. My FICO is around 500. The card has a credit limit of $300 with a $6.50 monthly fee and $150 yearly fee and rate of 25 percent, so even if I pay the card off each year $150 is added on. I keep reading that if I cancel cards it will impact my score negatively. This card is horrible. My question is: Should I cancel the card immediately or wait until I pay it off and cancel it? -- Mary Dear Mary: Let me try to relate this to something I think many of my readers may have encountered in their non-financial lives. If this card was a person you were dating who was costing you money and going nowhere in the long-term-relationship department, how long would you keep dating? Right! That was clear enough.
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