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Senate passes amended AMCON bill, empowers agency to seize debtors’ assets

The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...

Femi Falana: Bala Mohammed punished Abuja residents for trespassing but defends open grazing

Naijaloaded Human rights lawyer, Mr. Femi Falana (SAN), says Bauchi State Governor, Bala Mohammed, while serving as Minister of the Federal Capital Territory, demolished people’s houses because they encroached on government land. Falana, therefore, stated that it was funny that Bala could turn around to say that herdsmen have a right to stray into people’s land and reside in forest reserves without government permission. The senior advocate said this in a write-up he sent to newsmen on Saturday. He wrote, “Under the Bala Mohammed administration in the FCT, thousands of houses were demolished on the grounds that they were illegally built on landed properties belonging to the Federal Government. “The ex-minister wanted to demolish the entire Mpape housing over a million people. He had claime...

Premier: India set to mass produce COVID-19 vaccine, launches digital health mission

India is ready to mass produce COVID-19 vaccines when scientists give the go-ahead, Prime Minister Narendra Modi said in his Independence Day speech on Saturday. Modi made the revelation while also launching a national project to roll out health identities for each citizen. In annual celebrations, held at the 17th-century Red Fort and scaled down due to the pandemic, Modi identified health and economic self-reliance as the key priorities for his government. “Not one, not two, as many as three coronavirus vaccines are being tested in India,’’ he said from the ramparts of the red sandstone palace in the old quarters of Delhi. He was wearing a flowing orange and white turban and covering his mouth and nose with a scarf of the same colours whenever anyone came close to him at the ceremony. “Al...

Police arrest two over alleged raping of minors in Adamawa

Police in Adamawa has arrested two suspects for alleged raping of two minors in Jambutu, Yola North Local Government Area of the state. The post Police arrest two over alleged raping of minors in Adamawa appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.