government
Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
U.S. Senate confirms Wally Adeyemo as deputy treasury secretary
The U.S. Senate has confirmed Adewale Wally Adeyemo as Deputy Secretary of the Treasury, making him the first Nigerian-American to hold the powerful job. Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules. He is expected to play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments. A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury. The Senate on Thursday confirmed Adeyemo on a voice ...
Nigerian government mulls TCN’s unbundling, partial concession to boost power supply
The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being created for the transmission component to match generation and distribution. Malo said data was key to making decision...
Ex-Speaker Bankole meets Ogun governor
Former Speaker of the House of Representatives, Hon. Dimeji Bankole yesterday paid a courtesy call on the Governor of his home state, Ogun, Prince Dapo Abiodun, at the Oke-Mosan Secretariat. The two leaders held a closed-door meeting that lasted about two hours. Also at the meeting was the Senior Special Adviser to the Governor on Political Matters, Hon. Tunji Egbetokun. The former Speaker had defected to the ruling All Progressives Congress last week. He, alongside a former Governor of Ogun State, Mr. Gbenga Daniel, also visited President Muhammadu Buhari on Monday. The new APC members made the list of the 65-member Strategy and Contact Committee of the APC inaugurated on Tuesday by the chairman of the Caretaker Extra-Ordinary Convention Planning Committee and Yobe State Governor, Mai Mal...
Sheik Gumi: Shoot-on-sight order hindering rescue of abducted Kaduna students
Renowned Islamic Scholar, Sheik Ahmad Gumi, has said the shoot-on-sight order of President Muhammdu Buhari is hindering the efforts to negotiate the release of the kidnapped students of the Federal College of Forestry Mechanization, Kaduna. Earlier in the month, Buhari had asked security operatives to gun down those carrying arms illegally in the forests. Speaking with Daily Trust on Thursday, the cleric said some of the bandits he met in the forest during his peace meetings have assisted in identifying the leader of the gang responsible for the abduction of the students. Gumi said despite identifying the leader of the gang, he has been unable to reach out to him because of the shoot-on-sight order of the president. The cleric added that during his previous tours to the bandits’ dens, he m...
UAE waives extra coronavirus test for Nigerians
The United Arab Emirates (UAE) has removed the rapid antigen test requirement for Nigerians travellers. This is according to a March 24 letter from the protocol department of the UAE ministry of foreign affairs seen by newsmen. The federal government had suspended Emirates Airlines after it announced an additional test requirement for Nigerian travellers in addition to the PCR test mandated by the presidential task force on COVID-19 (PTF). Agreeing to remove the test requirement, the UAE government demanded that the number of passengers on inbound flights to the UAE must not exceed 200 for two weeks. It also said only direct flights between the UAE and Nigeria are allowed. “Passengers need to present a valid negative PCR test conducted within 48 hours before boarding,”. “Provide the Embass...
Speaker Gbajabiamila: Nigerians deserve a Police Force they can trust
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has said a trusted Police Force working within the limits of the law is what Nigerians deserve. He assured Nigerians that the 9th House under his leadership would bequeath such a Police Force to them, and is working assiduously to achieve the goal. Gbajabiamila, who spoke at the National Assembly on Thursday during the opening of a public hearing on two bills by the House Committee on Police Affairs, said the House would meet these expectations as one of the key items on its Legislative Agenda. The bills are: “A Bill for an Act to Repeal the Police Service Commission Act and Enact the Police Service Commission Bill, 2020, to strengthen the Commission to be more Functional in its Operations and for Related Matters,” and: “...
Akwa Ibom NASU demands inclusion in federal government’s incentives for teachers
File Photo The Non-Academic Staff Union of Educational and Associated Institutions, NASU, Akwa Ibom State has demanded inclusion in the incentives approved by the Federal government for teachers in primary and secondary Schools in the country. They made the demand on Wednesday when they marched from the entrance of the Indongesit Nkanga Secretariat to the State Universal Education Board (SUBEB) Secretariat to end their 3-day nationwide protest. Speaking at the SUBEB Secretariat, State Chairman of NASU, Comrade Aniefiok Simons, stressed that the exclusion of non teaching staff from the Federal government recent reforms in public primary and secondary Schools in the country was discriminatory and wrong. Simons called on all stakeholders in the Education sector to look into their plight, and ...
AMAC chief signs over N10 billion appropriation bill into law
AMAC Abuja Municipal Area Council (AMAC) Chairman, Abdullahi Candido, has signed the Council’s 2021 appropriation bill of over N10 billion to law. He said the legislators have in consideration of some important issues and reviewed the budget upward. Candido made this known at the AMAC Secretariat in Abuja while signing the bill into law. He, however, assured residents within the council area that the budget will give priority attention to existing projects, while also taking care of other things. Candido also appealed to Federal Capital Territory Administration (FCTA) to release shares of the internally generated revenue due to the Area Councils. He hinted that, the councils were democratically elected by the people, therefore it must be accorded all constitutional rights. According to him...
Group urges service chiefs to fish out criminal elements
Following the activities of armed bandits in the country, group has charged the new service chiefs to address the current Insecurity situation in the North East, particularly Maiduguri, which they noted,was the epicenter of insecurity in the country. By way of appeal the group urge the new security heads adopt a new strategy, hit the ground running by relocating to the theatre of the war against terrorists for at least six months in the first instance and not national tour. In a statement, Wednesday, the experts operating under the aegis of Coalition of Concerned Nigeria Security Experts noted that two months after the current security chiefs assumed office, insecurity was assuming a new dimension. In the statement by its National Coordinator, Prof. Otedola Adekunle and National Secretary,...
Minister: Nigerian government to establish micro enterprises in 774 local council areas
Dr George Akume, the Minister of Special Duties and Inter Governmental Affairs, on Wednesday said that micro enterprises will be established in the 774 Local Government Areas (LGAs) of the country. The Minister disclosed this in Abuja at the Association of Local Governments of Nigeria (ALGON) General Assembly with the Theme: Strategic Positioning for the Future: A New Era. “As a ministry, we have proposed the establishment of Micro, Small and Medium enterprises in the 774 local governments in Nigeria based on economic corridors. “We believe that this will create jobs and ensure improvement in the well-being of the local populace,’’Akume said. The minister, who was represented by Mr Simon Tyungu, Deputy Director, Office of the Minister, said that the establishment of the micro enterprise wa...
Zimbabwe president gets coronavirus vaccine dose, urges citizens not to hesitate
Zimbabwe’s President Emmerson Mnangagwa and some opposition politicians received China’s Sinovac Covid-19 vaccine in the tourist resort of Victoria Falls on Wednesday as part of efforts to encourage citizens to get inoculated. Zimbabwe has registered vaccines from China, India and Russia for emergency use but none so far from Western manufacturers. In a country where suspicion and scepticism often trump facts, Mnangagwa’s vaccination at a public event, together with opposition leaders, was meant to assure citizens that the vaccines were safe. The southern African nation had planned to administer the Sinopharm vaccine to 53 000 health workers and selected security forces when it rolled out the first phase of its programme on 18 February, but only 44 135 people had been vaccinated by Tuesday...
