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Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure
Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...
Nigeria Defence Academy commandant’s house gutted by fire
The official residence of the Commandant of the Nigeria Defence Academy, NDA, Major General Sarham Jamil, was on Sunday night gutted by fire. Eye witness say it is not certain which part of the official residence, situated near Sultan Bello Mosque in Unguwar Sarki GRA, the fire started from but flames were sighted around 8pm. He said fierce looking soldiers prevented civilians around Unguwar Sarki from gaining entrance to render assistance. Newsmen reports that for decades, the house has been the official residence of the commandants of the military institution. It shares a fence with the prestigious Arewa House and the Guest House of Emir of Katsina in Kaduna and the residence of former Minister of state, Defense, Alhaji Batagarawa. Another witness said the men of the Nigeria Fire Service...
Japan to halt all new entries from abroad next week
Japan will halt all new non-resident foreign arrivals coming from overseas from Monday until late January, Tokyo said Saturday, as the country reported its first cases of a new strain of the coronavirus. Japan currently restricts entry for foreigners from most countries over fears of the virus, requiring all visitors to undergo mandatory quarantine upon arrival. Tokyo now plans to strengthen those requirements: Japanese travellers and foreign residents from countries where the new coronavirus strain has been reported must take tests within 72 hours ahead of their departure for the country and again upon arrival at Japanese airports. It will also strengthen quarantine requirements on all travellers returning to Japan. Citing the Japanese government, the Jiji Press and Kyodo agencies said th...
Governor Wike charges judiciary to demand independence
Rivers State Governor, Nyesom Wike, has charged the judiciary to crave for independence to discharge their functions without intimidation and not just to control budgets. Wike said this was imperative because no government and country could make meaningful progress, if the judiciary is not allowed to carry out their functions independently. He stated this at the official presentation of 29 brand new Renault Koleos 2020 SUVS to chairmen of the Customary Courts of the Rivers State judiciary at the judiciary complex in Port Harcourt yesterday. The maintained that no one can talk about democracy without the rule of law, stressing that judiciary is pivotal in any given society where the rule of law reigns. “If Nigeria wants to move forward, if this country wants development, then, we must allow...
Fuel tanker loses control, kills 16, destroys 30 houses in Kwara
A fully loaded lorry tanker with fuel, lost control in Gaika area of Jebba in Moro local government area of Kwara state, on Wednesday, killing about sixteen persons while no fewer than thirty buildings and properties worth millions of naira gutted fire. Newsmen gathered that the incident occurred at about 9 am when the tanker was driving along the popular Gaika road in Jebba and suddenly lost control . The tanker was said to have violently hit the car in its rear which instantly caught fire, before it ran into the nearby buildings, not less than thirty, and burnt them all. The petrol substance which reportedly spilled on the floor after the crash, inflamed the fire inferno. “The entire Jebba is in deep mourning, we have never seen this kind of thing before, so tragic.”said a source. Kwara ...
Delta community protest exclusion from creation of electoral wards
The people of Ogbe-Ijoh Community, an Ijaw ethnic group in the Warri South Local government area of Delta State, on Tuesday, protested the new electoral Wards creation by the Delta State Independent Electoral Commission (DSIEC). The Protesters, who alleged that the Independent National Electoral Commission failed to incorporate their ethnic group into the new wards in the local council; said that their proposed ward has met all DSIEC’s requirement for ward creation in the state. They accused DSIEC and Delta state government of sidelining them in favour of the Urhobos and Itsekiris of Warri South Local government area. Earlier, the Ogbe-Ijaw Youths had in a position paper signed by Comrade Nathaniel Oronomoni, chairman Ogbe-Ijoh Concern Youths Warri Kingdom; Comrade Lot Loyibo, Coordinator ...
Luis Suarez admits he had preliminary agreement in place with Juventus before joining Atletico Madrid
Luis Suarez has told Italian authorities that he had a preliminary agreement in place with Juventus last summer according to Il Corriere dell’Umbria and carried by Football Italia. The Uruguayan striker ended up joining Atletico Madrid instead, but even went through an Italian citizenship exam in an effort to grease the wheels and make the move happen. This exam has become a great controversy. The 33 year-old has admitted that he was informed of the questions of the exam as well as that he reached a preliminary agreement with the Italian club at the end of August. Perugia’s Prosecutor Office confirmed at the beginning of the month the suspension for eight months from the exercise of pubic offices for the Rector of the University Giuliana Grego, the University’s CEO Simone Olivieri and prof...
Jose Mourinho drums support for under-fire Steven Bergwijn
Tottenham Hotspur coach Jose Mourinho said the team are supporting Dutchman Steven Bergwijn who missed two clear chances in Wednesday’s top-of-the-table clash at Liverpool and received criticism on social media after the 2-1 defeat. “I don’t know what I can do apart from the player knowing in this club we are all together,” Mourinho told a news conference ahead of Sunday’s game at home to Leicester City. “We lose, we win and we draw all together. So he has us and we have him. In here we don’t feel any individual criticism, we never feel it that way, it is always about us, so no problem. “He’s one of my boys, period. There is no point to boo, to individualise. He’s a good professional, he works hard for the team, he gives everything he can.” Second-placed Spurs slipped three points behind L...
Edo APC writes off former chairman’s defection claims
Edo state chapter of the All Progressives Congress (APC) yesterday described claims by a former charman of the party, Anselm Ojezua that he was leaving the party with 150,000 members as spurious and unfounded. A statement yesterday by the State Assistant Publicity Secretary of the APC, Ofure Osehobor, said Ojezua had long left the party but that he was not popular enough to gather such a number of supporters being claimed. He said “This is deliberate falsehood because Edo people know that this man has no such followership. Moreover he left the party long before now. What is sad is that instead of staying quietly in his new party, he has chosen to embarrass himself with these claims. “Here is a man who has lost political relevance, in all its ramifications but decided to lurk around by hold...
Gombe governor declares Friday work-free day ahead of council poll
The Gombe State Governor, Inuwa Yahaya, has declared today (Friday) a work-free day to enable eligible voters to travel to their respective areas to exercise their franchise in Saturday’s local government election in the state. Yahaya disclosed this during a state-wide broadcast to highlight his administration’s preparedness to conduct free, fair and credible local government election in the state, adding that the election was not a do or die affair. He said, “As part of the measures to ensure a peaceful and successful election, government has declared Friday a work-free day in order to enable our people return to their various local government areas for the election. We are also putting restrictions on all non-essential movements on the election day in order to ensure enhanced security an...
Foundation feeds 1,000 Calabar orphans at yuletide
The Romeo Odey Cares Foundation has visited Infant Jesus Orphanage Home and Good Samaritan Home, both in Calabar, Cross River State, feeding over 1,000 orphans as part of its mission to cater for the most indigent members of society. A statement delivered to newsmen by the Brand Manager of the Foundation, Gidyon Thompson, explained that the gesture extended to helpless children from the streets of Calabar. The foundation, owned by network marketing expert Romeo Odey, said the gesture was a way of giving back to society. According to him, the move is part of Odey’s decision to affect humanity positively. He urged the federal and state government to step up and take responsibility for the children on the streets to avert impending doom. He added that the serial entrepreneur would launch two ...
Why coronavirus will not be last pandemic – UN report
United Nations The Coronavirus (COVID-19) pandemic, the latest crisis facing the world, will not be the last until humans release their grip on nature, says a new UN report published on Tuesday. According to the report titled “The Next Frontier: Human Development and the Anthropocene,” world leaders need to take bold steps to reduce the immense pressure that is being exerted on the environment and the natural world, or humanity’s progress will stall. “Humans wield more power over the planet than ever before. Redefining issues of our time “In the wake of COVID-19, record-breaking temperatures and spiraling inequality, it is time to use that power to redefine what we mean by progress, where our carbon and consumption footprints are no longer hidden,” said Achim Steiner, the Administrator of ...
