Chief Executive Officer
Niger governor decries level of corruption in Nigeria
The Niger State Governor, Alhaji Abubakar Sani Bello, has decried the level of corruption in the country’s political and economic environment, insisting that corruption is endemic in all the facets of the nation’s life. Speaking at a two-day ‘Get involved leadership’ training in Minna Wednesday, Governor Bello said: “The problem with Nigeria today is enormous, every sector is corrupted. There is no country that can develop with the level of corruption we have. According to the governor, “When you have a system where only limited or few people are transparent, the system can never work.” He submitted that as a result of the high level of corruption in the polity, political positions either elective or those appointed have always gone to the highest bidder, a development he described as unac...
Two school pupils crushed to death in Ogun
The accident which occurred around 9.05am this morning at Modupe Hospital Turning, Ifo, Ogun State, on the Lagos-Abeokuta expressway, involves a containerised MAN DIESEL Truck with registration number EPE 514 XW and four TVS Tricycles with the following registration numbers; JBF 482 QJ, GBE 603 WZ, GBE 626 WU and one without a registration number. According to Ebunoluwa Akinkunmi, Ifo/Ewekoro Area Commander, Traffic Compliance and Enforcement Corps (TRACE), said, “The truck which was on speed, lost control and rammed into other vehicles killing the two pupils in transit to their different schools and other five people, including, four males and one female who sustained several degrees of injuries. “The presumed dead bodies, have been deposited at Ifo General Hospital Morgue, while the inju...
DMO: Nigerian roads financed with Sukuk not repaying debt as planned
File Photo The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern. Patience Oniha, the Director-General of DMO, said this in Abuja on Thursday at the fifth Budget Seminar (webinar) organised by the Securities and Exchange Commission (SEC). The theme of the budget seminar was, “Financing Nigeria’s Budget and Infrastructure Deficit through the Capital Market.” Oniha stressed the need for infrastructure built with borrowed funds to generate revenue to service the debts. According to her, “We have done the Sukuk, for instance, but the government is the one servicing the debt of those Sukuk. “They (the debts) are not being serviced with revenue from those sources (infrastructure). “I think that when we are talking abou...
AfDB provides $400,000 grant for SEC
African Development Bank Group (AfDB) on Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments. The funds, according to a statement from AfDB, will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the Bank. “This collaboration further underscores our mutual goal to grow our markets and create viable avenues for sustainable economic development for Nigeria and the region,” said Lamido Yuguda, Director General of the Securities and Exchange Commission at the virtual signing ceremon...
FIFA announces appointment of chief operating officers for Women’s World Cup 2023
On Tuesday, world football governing body, FIFA, announced the appointment of two Chief Operating Officers (COOs) in Australia and New Zealand respectively for the FIFA Women’s World Cup 2023 that will be jointly hosted by both countries. Last year, the pair took up the initial appointment to lead the FIFA Women’s World Cup office in their respective host countries. Now, Jane Fernandez has officially been named as the COO for Australia, with the New Zealand COO position going to Jane Patterson, officially too. The Australian Fernandez led Football Australia’s successful joint bid to host the FIFA Women’s World Cup 2023. Upon a successful bidding, she was appointed Head of the FIFA Women’s World Cup 2023 Office for Australia. Her vast background in organising successful competitions include...
DPR to upgrade downstream petroleum sector operations
File Photo The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process. In a statement in Abuja, Director/Chief Executive Officer of the DPR, Engineer Sarki Auwalu, stated that the upgrade would be to global standards and would be driven by its deployment of improved technology. Auwalu, who was speaking at a virtual meeting with members of the Major Oil Marketers Association of Nigeria, MOMAN, in Abuja, noted that the DPR was currently deploying appropriate technology to enhance value for operators and investors alike in the downstream sector . Specifically, Auwalu explained that the DPR had concluded plans to launch the Downstream Remote Monitoring Systems, DRMS, an in...
Rivers governor seeks end to external influence on NDDC
Governor Nyesom Wike of Rivers State has regretted the continuous interference of external forces who are not from the oil-rich region on the activities of Niger Delta Development Commission, NDDC, noting that the act frustrates programmes of the commission. Wike, however, condemned the posture of some ethnic groups in the region that behave as if the commission belongs to them, clarifying that NDDC was set up to cater for needs of the states of the region. The governor disclosed this in a statement signed by his Special Assistant, Media, Kelvin Ebiri, after the visit of the Interim Management Committee of NDDC to Government House, Port Harcourt, yesterday. The governor said people are abusing the entire region because the commission has wasted trillions of Dollars without lifting the mass...
Nigerian government urged to lift restrictions on SIM card registration
A telecommunications expert in Owerri, the Imo capital, Mr Charles Okeke, has advised the Federal Government to remove the restrictions placed on SIM card registration. Okeke gave the advice at a news briefing in Owerri on Tuesday, while speaking on the effects of the federal government’s SIM Card-National Identification Number (NIN) linkage policy. He urged the government to embrace a more robust system that would encourage healthy partnership between the National Identity Management Commission (NIMC) and service providers to ensure a seamless linkage. He said that the partnership would fast-track the process and alleviate the “unnecessary hardship” faced by Nigerians due to tight deadlines for the exercise. He further said that large crowds of people struggling for attention at NIMC offi...
Yemisi Edun appointed acting FCMB chief
First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank. This followed the decision by the Chief Executive Officer, Mr. Adam Nuru, to proceed on voluntary leave as the board investigates allegation of paternity scandal against him. The bank disclosed this on Wednesday. Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom. She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Cont...
George Moghalu: Igbo presidency not by mouth
YouTube The Managing Director and Chief Executive Officer of National Inland Water Ways (NIWA), Chief George Moghalu has told the Igbo to widen their horizon to convince other ethnic nationalities, if a Nigerian president of Igbo extraction must be realized. The All Progressives Congress (APC) governorship aspirant for Anambra 2021 election, Chief Moghalu said this during an interactive session with journalists in Nnewi on Saturday. He noted that the Igbo known for work hard should apply same and traverse the width and breadth of Nigeria to garner support for the 2023 presidency project and not to sit down at one place nursing self-pity. He declared that power could only be taken, not given. “Since it’s a democratic dispensation where number matters, there is need for Ndigbo to sit down an...
Qatar to host FIFA Club World Cup 2020 across three venues
Qatar will host the FIFA Club World Cup 2020 from February 1 to 11, 2021, after it was postponed earlier this year due to the COVID-19 pandemic. Six continental confederations, as well as the host nation’s league champions, will compete in the tournament, which will be held across three FIFA World Cup Qatar 2022 stadiums — Ahmad Bin Ali, Khalifa International and Education City. The Ahmad Bin Ali Stadium, inaugurated just last week on December 18, will stage the opening match between Qatari champions Al Duhail and Auckland City of New Zealand on February 1, and the final will be played at Education City Stadium on February 11. Joining the two teams will be European champions and German side FC Bayern Munich, CONCACAF champions Tigres UANL from Mexico, Al Ahly SC, Egyptian side and winners ...
Airtel begins initiative to feed 5,000 displaced persons
Airtel Nigeria has announced the commencement of the 2020 edition of its annual ‘5 Days of Love’ Yuletide initiative with a focus on providing palliative packs to 5,000 persons across five Internally Displaced Persons (IDP) camps in the country. Speaking during a virtual press conference to announce the initiative, the Managing Director and Chief Executive Officer of Airtel Nigeria, Mr. Segun Ogunsanya, said despite the pandemic and a difficult year, Airtel would continue its long standing tradition of celebrating and empowering the vulnerable and underprivileged during Yuletide. “Our resolve to Nigeria and Nigerians is unshakeable. Despite a difficult year, we are committed to making lives better for many Nigerians and we will not rest on our laurels as we will continue to create opportun...
