The Stakeholders Alliance for Corporate Responsibility (SACA) has faulted the Nigerian government and multinational oil companies operating in the Niger-Delta over health hazards associated with exploitation and exploration activities. Newsmen learnt that SACA was formed and registered in Nigeria by an Irish Priest, Reverend Fr. Kevin O’ Hara, as a Non-Governmental Organisation in 2012 to find solutions to environmental problems inherent in the exploitation and exploration of oil by multinationals operating in the Niger-Delta region. Speaking to journalists at the inauguration of the group’s “Project Management Committee (PMC),” the Executive Director, SACA, Kingsley Ozegbe, hinted that statics available to his organisation through researches carried out revealed that in 2012 alone, about ...
File Photo The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or cease operations by the 30th of June, 2021. This was contained in a notice released by the Commission on Wednesday. According to the SEC, the rules governing Crowdfunding business in Nigeria came into effect on the 21st day of January, 2021, which was part of efforts by the Commission to ensure investor protection while encouraging innovation in the conduct of securities business. “In line with the transitional provisions of the Rules, all persons/entities operating an investment cr...
Switzerland side Grasshopper Club Zurich have appointed former Super Eagles midfielder Seyi Olofinjana as the new technical director. The 40-year-old was most recently a loan manager at Wolverhampton Wanderers. Olofinjana will take over the position of Technical Director at the Grasshopper Club Zurich with immediate effect and will be responsible for sports. He is taking over the position of interim sports director from Jimmy Berisha, who is stepping back into his role as Managing Director. ”Olofinjana was active in his career as a player for Stoke City, Hull City and the Wolverhampton Wanderers, among others. After his active career, he worked for the Wolverhampton Wanderers in various positions. Most recently, he worked as a loan manager,” reads a statement on the club website. “Olofinja...
The Centre for Transparency Advocacy has decried the incessant cases of burning of offices of the Independent National Electoral Commission across the nation, describing it as a dangerous trend which could impede the process of organizing the November 6, Anambra State governorship election. It noted that the coordinated attacks have in recent times affected three states in the South East in particular – the INEC office in Ahiazu Mbaise Local Government Area in Imo State, the Igboeze Local Government Area office in Enugu State, the Udenu office of INEC on May 16, 2021 and the attack on the INEC headquarters in Enugu. It also noted that the INEC headquarters in Awka, Anambra State, was invaded and set on fire on Sunday night, May 23, 2021. “It appears that these dastard events are targeted a...
Oyo State Independent Electoral Commission (OYSIEC), has expressed its readiness to refund the sum of N50,000 for Councillorship candidates and N250,000 for Chairmanship candidates as stated on Time-Table and guidelines released for local government council elections, coming up in the state. The Commission also released the names of screened and qualified Chairmanship and Councillorship Candidates of 17 political parties who have signified their intentions to participate in the election, slated for May 22, 2021. These were contained in a statement issued and signed by the Electoral Commissioner in charge of Voter Education, Prince Afeez Adeniyi, on behalf of the commission and made available to journalists in Ibadan . Similarly,the statement stated that the commission has resolved to refun...
The Coalition of United Political Parties (CUPP) has insisted that the recent Supreme Court judgement affirming the de-registration of 74 political parties is only binding on the National Unity Party (NUP). CUPP maintained that the judgment does not, in any way, bind on the 22 political parties which got victory at the Court of Appeal as they are not parties before the Supreme Court in NUP’s case and their prayers before the courts are also different. On August 10, 2020, the Court of Appeal in Appeal No. CA/ABJ/CV/507/2020, between Advanced Congress of Democrats (ACD) & 21 others, and Attorney General of the Federation & INEC ruled that the de-registration of the 22 political parties was unconstitutional and ordered the Independent National Electoral Commission (INEC) to relist the...
Manchester City forward Sergio Aguero has issued an apology for his penalty miss against Chelsea. Aguero made a hash of his Panenka effort on Saturday, spooning the kick straight into the arms of Chelsea goalkeeper Edouard Mendy. It was a surprising slip from the usually unerring Argentine, but it was in keeping with a torrid season for the Premier League leaders from 12 yards out and contributed to a 2-1 defeat that prevented City from claiming the title. City boss Pep Guardiola refused to criticise the forward following the game, but Aguero has taken to Twitter to issue an apology. “I would like to apologise to my team-mates, staff and supporters for missing the penalty,” Aguero wrote. “It was a bad decision and I take full responsibility.” Aguero’s Panenka nightmare was the fourth penal...
Edo state government will spend over N3 billion to implement the Covid-19 Action Recovery and Economic Stimulus Programme. The programme is a component of the Nigeria Cares World Bank Support Programme. The Permanent Secretary in the state Ministry of Wealth Creation, Cooperatives and Employment, Joel Edionwe, disclosed this while briefing journalists on Wednesday. He explained that the state government is to provide grants to support businesses affected during the Covid-19 lock-down. According to him, the total package the World Bank support programme for Nigeria is $750 million, adding that its implementation would run from 2021 to 2022. “What they will get from Edo state government is a grant to repay the loans they took for their businesses affected by the pandemic. We do not need to ...
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, ...