Placement
PAP sets JAMB as criteria for ex-agitators to get scholarship
The Presidential Amnesty Programme, PAP, has explained that its new policy mandated all ex-agitators desiring to benefit from its scholarship scheme to first take the examination organised by the Joint Admission and Matriculation Board, JAMB. Amnesty office said the new policy was designed to eliminate mediocrity in the programme, adding that the scheme was aimed at transforming ex-agitators into well-educated entrepreneurs and employable citizens. PAP’s Interim Administrator, Col. Milland Dixon Dikio, disclosed in a statement in Port Harcourt signed by his Special Assistant on Media, Nneotaobase Egbe, that the policy was vital for the personal, intellectual and mental growth and development of the delegates. Dikio explained that PAP was targeted at ensuring that beneficiaries of PAP schol...
NAICOM releases guidelines of minimum paid-up share capital for insurance companies
File Photo The National Insurance Commission (NAICOM) on Tuesday released guidelines for the payment of Minimum Paid-up Share Capital by insurance and re-insurance companies in compliance with the first phase recapitalistion directive deadline of Dec. 31. Mr Pius Agboola, Director, Policy and Regulations, NAICOM, for the Commissioner of Insurance, said that the guidelines were in furtherance to the commission’s earlier circulars referenced /25/2019, dated May 20, 2019, July 23, 2019 and December 30,2019 respectively on the subject matter. Agboola said that the minimum paid-up share capital shall be through any or a combination of either and existing paid-up share capital, cash payment for new shares, retained earnings – capitalisation of undistributed profits. He listed also payment in kin...
