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2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
Indonesian plane crashes after take-off with 62 aboard
A Sriwijaya Air plane crashed into the sea on Saturday minutes after taking off from Indonesia’s capital Jakarta. The plane was on a domestic flight with 62 people on board and their fate was not known. The Boeing 737-500, en route to Pontianak in West Kalimantan, disappeared from radar screens after taking off just after 2.30 p.m. (0730 GMT) – 30 minutes after the scheduled time because of heavy rain. Indonesian Transport Minister, Budi Karya, told a news conference that 62 people had been aboard Flight SJ 182, including 12 crew. The detik.com website quoted him as saying the plane crashed near Laki Island, some 20 kilometres (12 miles) from the airport. Rescue agency Basarnas said in a statement it would send a team to the Thousand Islands area to help in the search for victims “after th...
Enugu: Police declare notorious robber wanted
The Enugu State Commissioner of Police, Ahmad Abdulrahman, has, for the third time, declared wanted a suspected notorious armed robber, Valentine. Abdulrahman also ordered the traditional ruler of Akwuke community in Enugu South Local Government Area of the state, lgwe Benard Nwonye, to produce the fleeing suspect, who is an indigene of the community. In a statement made available to newsmen in Port Harcourt, Abdulrahman said the suspected armed robber, Valentine was allegedly wanted for several robbery incidents, including the killing of two policemen at a checkpoint in the New Haven axis of Enugu in 2016. The statement reads in part “Valentine was declared wanted in connection with the robbery incident that took place at the last bus stop axis of New Haven in the Enugu metropolis. “The f...
Igbo group writes Nigerian government to request extradition of Nnamdi Kanu for ‘treasonable felony
YouTube An Igbo professional group, Coalition of South East Professionals’ Network in Nigeria and Diaspora (CSEPNND), has written an open letter to the Federal Government of Nigeria, urging it to immediately write the Government of the United Kingdom and Israel, requesting for extradition of leader of Indigenous People of Biafra,Mazi Nnamdi Kanu,to face the law over his involvement in alleged treasonable felony. The group whose request was contained in the open letter dated January 8th, 2021, and addressed to President Muhammadu Buhari, explained that its action was predicated on Kanu’s ceaseless treasonable activities in the country. Noting that Kanu possessed citizenship of the two foreign nations, the coalition, according to the letter signed by its National President, Prof. Madumere Ch...
Coronavirus: Nigeria now at tipping point – PTF
The Federal Government, yesterday, took stock of its response to the COVID-19 pandemic vis-a-vis the attitude of Nigerians to embracing safety precautions, and concluded that the country was now at a tipping point. This came as government announced its decision to establish oxygen plants in all states of the federation as part of measures to resolve the “oxygen crisis” that had engulfed some of the isolation and treatment centres in the country. Meanwhile, Edo State has recorded 28 new cases of coronavirus, bringing the total number of confirmed cases in the state to 270, as the state government cautions residents to abide by the precautionary health and safety guidelines. Vanguard, meanwhile, gathered that former vice-chancellor of the University of Lagos, Prof. Oyewusi Ibidapo-Obe and th...
Nigerian government begs residents not to reject coronavirus vaccines
Federal authorities have appealed to Nigerians not to be hesitant to take the COVID-19 vaccine when it gets to Nigeria. Coordinator of the Presidential Task Force (PTF) on COVID-19, and head of Nigeria’s primary healthcare agency, Dr. Faisal Shuaib, made the appeal at the PTF briefing on Thursday in Abuja. Nigeria intends to get 42 million COVID-19 vaccines to cover one fifth of its population through the global COVAX scheme, the PTF had earlier announced. The initial vaccines would come as part of Nigeria’s plan to inoculate 40 percent of the population in 2021 and another 30 per cent in 2022, with 100,000 doses of the Pfizer vaccine arriving by the end of January 2021. The COVAX scheme was set up to provide vaccines to poorer countries including Nigeria whose 200 million people and poor ...
YouTube removes Donald Trump video addressing US Capitol attack
YouTube has removed a video from US President Donald Trump addressing a mob attack on the Capitol today because the president repeats false information about the outcome of the 2020 election. The company will allow Trump’s message to appear in other creators’ videos if there is proper educational or news context; basically, if people are talking about Trump’s message as part of a greater point, YouTube will allow it to remain up. The removal comes after YouTube instituted a new policy update in December 2020 that forbids any type of content that alleges widespread voter fraud impacted the results of the 2020 presidential election. In Trump’s new video, which was also posted to Twitter and Facebook, he continued to spread misinformation about the 2020 election, calling the results fraudulen...
Diego Simeone welcomes back Kieran Trippier after FA explains betting ban
Kieran Trippier’s 10-week ban for betting offences is on hold as FIFA considers an appeal, although the FA has explained its decision. Atletico Madrid boss Diego Simeone welcomed Kieran Trippier back to training after his 10-week suspension for betting offences was put on hold by FIFA. The 30-year-old defender was issued with the ban and a fine of £70,000 on December 23 after the Football Association (FA) found him guilty of four of seven alleged breaches of rule E8(1)(b). Atletico appealed against the punishment to FIFA, and world football’s governing body has cleared Trippier to play while its appeal committee considers the matter. In the written reasons explaining its independent regulatory commission’s decision, which the FA published on Tuesday, it was revealed Trippier told a friend,...
Court orders Governor Obaseki to open defence in ‘certificate forgery’ case
The All Progressives Congress, APC, on Monday, closed the forgery case it instituted against Governor Godwin Obaseki of Edo State, after it called a total of six witnesses and tendered 17 Exhibits. Lead counsel to the APC, Chief Akin Olujimi, SAN, announced decision of the party to rest its case, shortly after the court discharged the sixth witness, PW-6, Dr. Mikano Asekome, who is an Associate Professor in Banking and Finance Department at Benson Idahosa University, Benin city, Edo state. The PW-6 told the court that he was on December 23, 2020, summoned to appear as witness in the matter. The witness went ahead and tendered in evidence, the original copy of his certificate in Agricultural-Economics, which the University of Ibadan awarded to him on July 31, 1978. Under cross-examination, ...
Nigeria: 1,375 irregular migrants arrested during border closure
The Federal Government said on Monday that no fewer than 1,375 irregular migrants were arrested while the border drill code-named, ”Exercise Swift Response,” lasted. Newsmen report that the border drill held between Aug. 20, 2019 and Dec. 17, 2020. Speaking at a new year media briefing in Lagos on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, said the border drill was a huge success. The minister said the seizures so far during the period included 157,511 – 50kg bags of parboiled foreign rice, 10,447 bags of NPK fertiliser used for making explosives and 18,630 jerry cans of vegetable oil. The total monetary value of the seized items, according to him, is about ₦12.362 billion. Newsmen recall that ”Exercise Swift Response” was launched as part of efforts to secure th...
Egypt to probe four coronavirus deaths due to alleged lack of oxygen
Egyptian prosecutors opened an investigation into the deaths on Sunday of at least four coronavirus patients at a public Egyptian hospital, after a video of nurses struggling to keep the patients alive was shared widely on social media. The governor of Sharqia province denied allegations by a relative of one of the patients that the deaths were caused by a lack of oxygen at the government-run intensive care unit treating COVID-19 patients. Governor Mamdouh Ghorab said the patients died because they suffered chronic diseases in addition to the virus. The relative, who also filmed the video, offered no immediate evidence to back up their claim that the hospital ran out of oxygen. Egypt, the Arab world’s most populous country with more than 100 million people, is facing a surge in confirmed v...
Egypt to probe four coronavirus deaths due to alleged lack of oxygen
Egyptian prosecutors opened an investigation into the deaths on Sunday of at least four coronavirus patients at a public Egyptian hospital, after a video of nurses struggling to keep the patients alive was shared widely on social media. The governor of Sharqia province denied allegations by a relative of one of the patients that the deaths were caused by a lack of oxygen at the government-run intensive care unit treating COVID-19 patients. Governor Mamdouh Ghorab said the patients died because they suffered chronic diseases in addition to the virus. The relative, who also filmed the video, offered no immediate evidence to back up their claim that the hospital ran out of oxygen. Egypt, the Arab world’s most populous country with more than 100 million people, is facing a surge in confirmed v...