Subcommittee
FTX leadership pressed for information by US subcommittee chairman
The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a United States House subcommittee calling for documents relating to the exchange’s finances. “FTX’s customers, former employees, and the public deserve answers,” Raja Krishnamoorthi, Chairman of the Subcommittee on Economic and Consumer Policy wrote in a Nov. 18 letter addressed to both former FTX CEO Sam Bankman-Fried and the exchange’s current CEO John J. Ray III, who took over in the wake of FTX’s bankruptcy filings. Krishnamoorthi added the subcommittee was “seeking detailed information on the significant liquidity issues faced by FTX, the company’s abrupt decision to declare bankruptcy, and the potential impact of these actions on customers who used your exchange.” He...
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....
NCDC lauds Kwara over testing centre
The National Centre for Disease Control (NCDC) has commended efforts of the Kwara State Government in the fight against Coronavirus (COVID-19) pandemic in the state. The NCDC Team Leader, Dr Okoli Innocent, made the commendation when he led other members of the agency to inspect laboratories in preparation for establishing of Molecular Testing Centre in the state to test for the virus. Okoli explained that the Director-General of NCDC, Dr Chikwe Ihekweazu, was appreciative of the present administration’s strides in the health sector. The team leader pledged NCDC’s support to the state in the fight against COVID-19. He added that NCDC was not surprised that the state was ranked fourth in preparation for health emergency in the country, given the availability of modern medical equipment. Kwa...
