The United States imposed long-anticipated sanctions on Turkey on Monday over Ankara’s acquisition of the Russian S-400 air defense systems, further complicating already strained ties between the two NATO allies. Turkey condemned the sanctions as a “grave mistake” and urged Washington to revise its “unjust decision.” Senior U.S. officials said in a call with reporters that Ankara’s purchase of the S-400s and its refusal to reverse its decision left the United States with no other choice. The sanctions, first reported by Reuters last week, target Turkey’s top defence procurement and development body Presidency of Defence Industries, its chairman Ismail Demir and three other employees. While limited to one company, they are still likely to weigh on the Turkish economy, analysts said, at a ti...
International Boxing Association (AIBA) has taken a step towards repairing a much-maligned governance structure that has been frequently criticised by the International Olympic Committee (IOC) after it approved an updated constitution at its virtual Congress. Under the new constitution, AIBA has installed term limits, rebranded the Executive Committee to the Board of Directors and reduced the number of members on the ruling body from 32 to 22. AIBA is hopeful the renewed document will appease the IOC, which last year suspended it as the Olympic governing body for the sport and stripped it of any involvement in the boxing tournament at the Tokyo 2020 Olympic Games because of concerns over its governance, finances and refereeing and judging. The Inquiry Committee, led by IOC Executive Board ...
President Muhammadu Buhari has assured that his administration will look into the 12-point recommendations by graduates of National Institute for Policy and Strategic Studies (NIPSS) on Population Growth and Human Capital Development in Nigeria, with view of implementing them. The President gave the assurance at the graduation ceremony of the Senior Executive Course 42, held Saturday at the Institute in Jos. The President, represented by Plateau State Governor, Simon Lalong, charged the graduates to live up to expectations of leading Nigeria out of its problems. “The times levy a demand on institutions such as this one and on its graduates for innovation and creative intelligence in addressing our national challenges. “It is my conviction that the elites both individually and collectively ...
A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in the third quarter of this year based on data on electronic payment channels in the Nigeria banking sector, the Nigerian Bureau of Statistics has said. It disclosed this in its latest Selected Banking Sector Data which focused on sectorial breakdown of credit, e-payment channels and staff strength of Deposit Money Banks. The bureau said Real Time Gross Settlement transfers dominated the volume of transactions recorded. RTGS systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a real-time and on a gross basis. The NBS said 1,799,199 volume of online transfer transactions valued at N116.06trn were recorded in Q3 2020. In terms of c...
Ekiti Police Command said it has arrested one person in connection with the kidnap of a former Commissioner for Agriculture in the state, Mr Folorunsho Olabode. The suspect was among those paraded by Mr Sunday Abutu, the command’s Public Relations Officer, in Ado-Ekiti for their alleged involvement in various criminal activities. Abutu said that the suspect was arrested inside a forest at Ilemeso-Ekiti in Oye Local Government area of the state. “During interrogation, the suspect confessed to being a member of the syndicate that kidnapped Mr Folorunso Olabode, a former Commissioner for Agriculture in the state,” he said. The police spokesman said that the suspect also mentioned other members of his gang, including the two who had earlier been arrested, prosecuted and were now being remanded...
Lagos assembly tasks governor on second wave of coronavirus
Following the ravaging effect of the second wave of COVID-19 pandemic, the Lagos State House of Assembly, yesterday, called on the state governor, Babajide Sanwo-Olu, to direct the Commissioner for Information, Mr. Gbenga Omotoso, to intensify public enlightenment campaigns to curtail its spread among Lagosians. Speaker of the House, Mudashiru Obasa, who presented the matter during plenary on Tuesday, also said it was important for the House to invite the Commissioner for Health, Professor Tunji Abayomi, to brief the House on the state government’s efforts to prevent the spread of the disease in the state. He stressed that there was an urgent need to ensure that all the COVID-19 protocols were strictly observed, even as he the government to ensure that enforcement was total as the most rel...