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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, ...
Senator Saraki urges Nigerian government to seek help over escalating insecurity
Former President of the Senate, Sen. Bukola Saraki, has advised the Federal Government to seek help wherever it could to address the escalating insecurity in the country. Saraki, in a statement in Abuja on Tuesday, said that calling for help in the present situation of the country was not a sign of weakness. He said he was worried over cases of violence, kidnapping and terrorism recorded on Monday in Anambra, Kaduna, Yobe, Niger, Lagos states and many parts of the country. The ex-senate president reiterated the need for President Muhammadu Buhari to convene meeting of all those who could help in finding solutions to the problem at hand. ”The people include former presidents and heads of state, serving and former chief justices, serving and former presiding officers of the National Assembly...
Nigerian government grants approval for $2.9 billion Escravos seaport
The Federal Government has granted approval for the establishment of the Escravos Seaport Industrial Complex, ESIC, to Mercury Marine Concession Company, MMCC. The proposed $2.9 billion project is majorly designed to boost economic/national development of Nigeria particularly, Delta State.Chairman, Chief Executive of the firm, Rear-Admiral Andrew Okoji, who confirmed the approval, weekend, said the Federal Ministry of Transport has directed the firm to pay N1 billion, apparently to express its interest. He said: ‘‘It is going to be a lease for about 50 years, the investment for the port is coming from abroad. “We have gotten provisional approval from the Federal Government through the Federal Ministry of Transportation, as they have told us to lodge in $1 billion as evidence of capacity to...
Registration: JAMB introduces USSD code
File Photo The Joint Admissions and Matriculations Board (JAMB) says the board will introduce the use of USSD code as an option to the SMS process of generating a profile code for registration. This, it said, was part of measures it had put in place to address some challenges experienced by candidates of its Unified Tertiary Matriculation Examination (UTME). The Registrar of the board, Prof. Is-haq Oloyede, disclosed this during a news briefing at the board’s headquarters in Bwari, Abuja, on Monday. Oloyede said the use of the USSD code would commence from Friday, April 30. He said the board had received complaints especially from parents of candidates who had tried to register their children and wards but had been unsuccessful. He said that service providers had, however, continued to ext...
Zimbabwe street vendors reel under virus curbs
For years, Zimbabwean single mother Spiwe Tembo would sell buns on the streets of central Harare, earning enough to feed her three children. But her fortunes have dived. Since authorities banned street hawkers a year ago as part of a raft of measures to limit the spread of Covid-19, she plays cat-and-mouse with the police who comb the streets to rid them of vendors. “Things are tough,” the 34-year-old said, waving a packet of large buns to potential customers on a busy street in a part of Harare that locals call “Third World” because it is always teeming. She said: “We get arrested by municipal and national police. Almost daily I pay bribes to police officers to avoid getting arrested.” On the days she doesn’t have any cash, the inevitable happens and she is arrested and her wares seized. ...
Delta governor: We inherited N100 billion unpaid pension under compulsory pension scheme
Gov. Ifeanyi Okowa of Delta on Sunday said his administration inherited about N100 billion unpaid pensions under the Contributory Pension Scheme (CPS). Okowa disclosed this at the third session of the 8th Synod of the Church of Nigeria (Anglican Communion), Ughelli Diocese. The session was held at Bishop Agori-Iwe Memorial Church, Ughelli. Okowa said that the financial burden forced 18 state governments out of 26 that enlisted on the scheme to withdraw, leaving only eight state governments, including Delta, in the Programme. The governor explained that the major challenge which forced the states to withdraw and others not to enrol in the scheme, was the huge backlog running into billions of naira. He said that his administration was up-to-date with payment of pensioners in the old scheme. ...
Ex-NOC official: National Sports Festival remains good investment in youths
Elias Gora, a former Secretary-General of Nigeria Olympic Committee (NOC), says the biennial National Sports Festival (NSF) remains a good investment in ensuring Nigerian youths are positively engaged. Gora told newsmen in Lagos on Monday that the Festival could however be improved upon to discover more talents for Nigeria. He emphasised on the need to also use the Festival to continue to promote peace and unity in the country. “It is an investment, and it has kept the youths busy. Other youths who watched would have been motivated. “So, with the height of insecurity in the country, such distraction is needed. “I was part of the officials and one thing I understand is the fact that these youths will rather focus on what they enjoy doing. They can’t be bothered about anything. “If we can in...
Minister: Nigeria needs N1.89 trillion to eradicate malaria
The federal government has said that it will require N1.89 trillion to successfully implement the new five-year strategic plan aimed at eradicating malaria in Nigeria. It said that about N352 billion out of the amount is required for the year 2021 programme implementation. In his address to mark this year’s World Malaria Day, the Minister of Health, Dr. Osagie Ehanire, said the target set out in the National Malaria Strategic Plan of 2021 to 2025 is to achieve less than 10 per cent parasite prevalence and reduction in mortality attributable to malaria to less than 50 deaths per 1,000 live births by 2025. He said: “The implementation of the New Strategic Plan will cost N1.89 trillion. About 63.1% of the total amount will be used to support Chemoprevention, diagnosis and treatment, while 35....
Cross River agency chief calls for legislation to back labour migration
The director-general, Cross River Migration Control Agency, Prince Michael Nku Abuo, has called for enactment of a legislation to back labour migration in order to engender national development. Abuo made the call at the Cross River State Migration Summit held in Calabar, the state capital on Saturday. The DG, who also represented the state governor, Prof. Ben Ayade, at the summit, pointed out that several solutions by both federal and state governments have been given to address the issue of unemployment in order to curb the challenge, but the way forward is to tackle the menace was through labour migration. According to him, Cross River Migration Control Agency was exploring and advancing for opportunities for citizens of the State who are at home and in the Diaspora under a work study p...
Southeast Asian leaders discuss Myanmar crisis with junta chief
Southeast Asian leaders began a crisis meeting on Myanmar on Saturday aiming to persuade Senior General Min Aung Hlaing, who led the military takeover that sparked turmoil in his country, to forge a path to end the violence. The gathering of leaders of the Association of Southeast Asian Nations (ASEAN) in Jakarta is the first coordinated international effort to ease the crisis in Myanmar, an impoverished country that neighbours China, India and Thailand. Myanmar is part of the 10-nation ASEAN. With participants attending in person despite the pandemic, Indonesia’s Foreign Minister Retno Marsudi said on Friday that the summit reflected the “deep concern about the situation in Myanmar and ASEAN’s determination to help Myanmar get out of this delicate situation”. It’s unusual for the leader o...
Nigerian government virtually inaugurates seven digital economy projects in five zones
The Federal Government on Friday in Abuja virtually inaugurated seven Information Technology (IT) projects located in five geo-political zones of the country. The Minister of Communications and Digital Economy, Dr Isa Pantami, said at the event that they were part of efforts to consolidate on implementing the National Digital Economy Policy and Strategy (NDEPS). Pantami said that the projects were in line with President Muhammadu Buhari’s key agenda, which included economic development, security and fight against corruption. Newsmen report that the projects were actualised by parastatal agencies under the Ministry of Communications and Digital Economy. The projects commissioned included a Community ICT Centre in Dutse, Jigawa, for North West; an IT Hub at Abubakar Tafawa Balewa University,...
President Buhari approves appointment of 18 appeal court judges
President Muhammadu Buhari has approved the appointment of 18 Justices of the Court of Appeal. Newsmen reported that the 18 candidates were recommended to Mr Buhari by the National Judicial Council (NJC) for appointment in March. NJC’s Director of Information, Soji Oye, had in a statement on March 19, said the council’s interview committee made the decision recommending the candidates for appointment at its 94th meeting which held on March 17 and 18, under the chairmanship of the Chief Justice of Nigeria (CJN), Tanko Muhammad. The president approved the recommendations in a memo by his Chief of Staff, Ibrahim Gambari, and addressed to the CJN. A copy of the memo titled, ‘Re: Appointment of eighteen (18) Justices of the Court of Appeal of Nigeria’ was circulated online on Thursday. Our corr...
