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, ...
The myriad of challenges facing Nigeria as a nation has received the attention of a former Governor of Lagos State, Bola Ahmed Tinubu, who submitted that the nation must remain united for the problems to be tackled. The National Leader of the ruling All Progressives Congress (APC), while canvassing for people’s support for President Muhammadu Buhari as he address the nation’s challenges, also stressed that his personal relationship with the president remains very cordial. Speaking on Monday night after an hour closed-door meeting with President Buhari, Tinubu, who was in company with the former Interim National Chairman of the APC, Chief Bisi Akande, emphasised that a concerted and united response was what is needed presently to address the various crises facing Nigeria. According to him, ...
The Executive Secretary, National Board for Technical Education (NBTE), Prof. Idris Bugaje, has urged leaders to be fair and just in the discharge of their responsibilities. Bugaje who made the appeal during the annual Ramadan lecture organized by Nasrul-Lahi-Faitih Society (NASFAT), Kaduna State branch, said everyone must render account on the Day of Resurrection. Represented by Dr Yusuf Arrigasiyyu, of the School of Health Science Technology, Kaduna Polytechnic, Bugaje also called for a leadership selection process at all levels of governance. He spoke on the topic ‘Poor Leadership from Islamic Perspective: Causes, Consequences and Solutions.’ The executive secretary described leadership as a divine trust, which all leaders must strive to deliver by ensuring that good strive over evil. A...
Two Senate Democrats are urging federal regulators to take “corrective actions” against Tesla to prevent further misuse of the company’s advanced driver assist feature. The request comes in the aftermath of a fatal crash in which two men from Texas were killed after their Tesla Model S crashed with no one in the driver’s seat. In a letter sent to National Highway Traffic Safety Administration Acting Administrator Steven Cliff, Senators Ed Markey (D-MA) and Richard Blumenthal (D-CT) implored the agency to determine the exact cause of this recent crash to “better inform” future legislation around advanced driver assist systems like Tesla’s Autopilot. “We strongly urge you to conduct a complete investigation into Saturday’s fatal Tesla vehicle crash and develop recommendations for improving a...
A US federal investigation has been launched into policing practices in the city of Minneapolis, a day after one of its former officers was convicted of the murder of George Floyd. The justice department will look at whether there has been a pattern “of unconstitutional or unlawful policing”, Attorney General Merrick Garland said. It follows national outrage over the killing of Floyd by Derek Chauvin. The former officer was convicted of all charges against him on Tuesday. Chauvin was filmed kneeling on Floyd’s neck for more than nine minutes during an arrest in May 2020. Floyd, an unarmed African American, was pronounced dead an hour later. His death sparked protests across the US and worldwide, and calls for police reform. Tuesday’s verdict has been widely welcomed in a country where poli...
In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey. The survey which was conducted by the Civil Resource Development and Documentation Centre (CIRDDOC) to ascertain the level of budget performance by states of the federation revealed that Akwa Ibom and four other states topped the budget performance index for the year, 2020. The Nigerian States Budget Transparency Survey Report also revealed that Akwa Ibom and some other Nigerian States have significantly improved budget transparency and participation, and has improved the ro...
File Photo Minister of Works and Housing, Babatunde Raji Fashola (SAN), on Thursday, dismissed alleged payment of N151million to a firm for a road rehabilitated by the Redeemed Christian Church of God (RCCG) in Osun State. Fashola in his submission before the Senate Committee on Ethics, Privileges and Public Petitions, probing the allegation, said the claim by the church was untrue. He said the 15-kilometer road was awarded to Messrs Cartil Construction Nigeria Limited at the cost of N662.7million by the Federal Government in 2011. He said the Ministry paid N99million as 15% mobilisation fee and N52million to the contractor after the firm achieved 26.2 per cent of work done on the road in March and December 2011, respectively. He insisted that the award of the contract and the subsequent p...
Britain’s Prince Charles paid a personal tribute on Saturday to his “dear papa” Prince Philip, saying the royal family missed him emormously and that the 99-year-old would have been amazed at the touching reaction across the world to his death. Philip, the husband of Britain’s Queen Elizabeth who had been at her side throughout her record-breaking 69-year reign, died at Windsor Castle on Friday. “As you can imagine, my family and I miss my father enormously,” Charles, the couple’s eldest son and heir to the throne, said outside his Highgrove House home in west England. “My dear papa was a very special person who I think above all else would have been amazed by the reaction and the touching things that have been said about him and from that point of view we are, my family, deeply grateful f...