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  •  The National Security Council says it ordered the reopening of the Obajana Cement Company for the sake of peace and Nigeria s economic prosperity The News Agency of Nigeria reports that the cement company was initially closed down following disagreements between the Kogi government and management of the company headed by Aliko Dangote NAN however reports that at the course of the week the meeting of the security council chaired by President Muhammadu Buhari ordered the reopening of the company after agreement was reached between the two disputing parties Addressing State House correspondents at the end of the meeting the Minister of Police Affairs Alhaji Maigari Dingyadi confirmed that an agreement had been reached to ensure the re opening of the Company to give room for peace in the state An agreement has been reached between the Kogi government and the Dangote Cement in Kogi on the need to re open the factory and ensure that there is peace in the state Government is committed to the provision of employment to its citizens rather than closing factories that will make people unemployed We do hope that the parties involved will respect this agreement and come to terms with the memorandum of understanding signed by the parties involved he said Dingyadi said the agreement was reached under the supervision of the Chief of Staff to the President Prof Ibrahim Gambari He said the Council also reacted to the Thursday s ruling of the Court of Appeal which discharged the leader of the outlawed Indigenous People of Biafra IPOB Nnamdi Kanu of the terrorism charges levelled against him by the Federal Government The minister said that council was briefed and it observed that Kanu was discharged and not acquitted The meeting also noted with delight the successes being recorded from ongoing onslaught against terrorists and other criminals across the country NAN reports that the security agencies have been recording what has been described as impressive results against terrorists and other criminals in the North East North West and other parts of the country A terrorist kingpin Ali Dogo popularly known as Yellow and 30 of his fighters were neutralised in airstrikes by the Air Component of Operation Whirl Punch on Oct 8 2022 at a location in Kaduna State Yellow and his fighters fled military onslaught from their location in Niger to take refuge in one Alhaji Gwarzo s house at Yadi in Giwa Local Government area of Kaduna state when they were bombed Similar fruitful results were being recorded by the military in the fight against terrorist groups and oil thieves in other parts of the country in recent times President Buhari had earlier on Tuesday conferred National Honours on 450 Nigerians and non Nigerians noting that the affected citizens distinguished themselves in the service of the nation and humanity According to him citizens who contribute to national development deserve to be encouraged and appreciated He also assured that he would hand over a Nigeria that is free from insecurity to the next generation of leaders assuring that his administration would continue to root out all forms of banditry criminality terrorism and insurgency in the country On Oct 11 Buhari administered judicial oath of office on Justice Olukayode Ariwoola as the substantive Chief Justice of Nigeria at the Council chamber of the State House Abuja The swearing in of Ariwoola followed his confirmation by the Senate on Sept 21 three months after his appointment by the president Ariwoola an indigene of Iseyin in Oyo State was appointed as acting CJN on June 27 following the resignation of Justice Tanko Muhammad on health grounds On the same day the president also presided over the meeting of the Federal Executive Council FEC at the Council Chamber of the State House Abuja The Council approved N11 8 billion for the procurement of equipment and setting up of a fire fighting trucks maintenance centre in Katsina State and an aircraft maintenance centre in Abuja It also endorsed the completion of the ongoing construction of Enugu Onitsha expressway by MTN Nigeria PLC telecommunication company at the cost of N202 8billion via the Tax Credit Scheme of the federal government The President participated in a virtual meeting of the Heads of State and Government of member states of the Gulf of Guinea Commission GGC on Oct 13 The meeting was convened to review progress on efforts to deal with the maritime challenges in the region GGC is an international body that was established by the Treaty signed in Libreville Gabon on July 3 2001 comprising Angola Congo Gabon Equatorial Guinea Nigeria and Sao Tome and Principe Cameroon and the Democratic Republic of Congo joined the Gulf of Guinea Commission in 2008 At the GGC meeting Buhari appealed member states to remit their outstanding Annual Assessed Contributions to the Secretariat to meet the Commission s objectives According to the president the continued non payment by the majority has greatly affected the ability of the Commission to fulfill the mandate for which it was established in 2001 President Xi Jinping of the People s Republic of China also commiserated with President Buhari on the recent boat mishap in Anambra Over 40 people were reported to have died in the accident which happened on Friday Oct 7 at Umunankwo in Ogbaru local government area of Anambra NewsSourceCredit NAN
    Why Security Council ordered reopening of Obajana Cement Coy
     The National Security Council says it ordered the reopening of the Obajana Cement Company for the sake of peace and Nigeria s economic prosperity The News Agency of Nigeria reports that the cement company was initially closed down following disagreements between the Kogi government and management of the company headed by Aliko Dangote NAN however reports that at the course of the week the meeting of the security council chaired by President Muhammadu Buhari ordered the reopening of the company after agreement was reached between the two disputing parties Addressing State House correspondents at the end of the meeting the Minister of Police Affairs Alhaji Maigari Dingyadi confirmed that an agreement had been reached to ensure the re opening of the Company to give room for peace in the state An agreement has been reached between the Kogi government and the Dangote Cement in Kogi on the need to re open the factory and ensure that there is peace in the state Government is committed to the provision of employment to its citizens rather than closing factories that will make people unemployed We do hope that the parties involved will respect this agreement and come to terms with the memorandum of understanding signed by the parties involved he said Dingyadi said the agreement was reached under the supervision of the Chief of Staff to the President Prof Ibrahim Gambari He said the Council also reacted to the Thursday s ruling of the Court of Appeal which discharged the leader of the outlawed Indigenous People of Biafra IPOB Nnamdi Kanu of the terrorism charges levelled against him by the Federal Government The minister said that council was briefed and it observed that Kanu was discharged and not acquitted The meeting also noted with delight the successes being recorded from ongoing onslaught against terrorists and other criminals across the country NAN reports that the security agencies have been recording what has been described as impressive results against terrorists and other criminals in the North East North West and other parts of the country A terrorist kingpin Ali Dogo popularly known as Yellow and 30 of his fighters were neutralised in airstrikes by the Air Component of Operation Whirl Punch on Oct 8 2022 at a location in Kaduna State Yellow and his fighters fled military onslaught from their location in Niger to take refuge in one Alhaji Gwarzo s house at Yadi in Giwa Local Government area of Kaduna state when they were bombed Similar fruitful results were being recorded by the military in the fight against terrorist groups and oil thieves in other parts of the country in recent times President Buhari had earlier on Tuesday conferred National Honours on 450 Nigerians and non Nigerians noting that the affected citizens distinguished themselves in the service of the nation and humanity According to him citizens who contribute to national development deserve to be encouraged and appreciated He also assured that he would hand over a Nigeria that is free from insecurity to the next generation of leaders assuring that his administration would continue to root out all forms of banditry criminality terrorism and insurgency in the country On Oct 11 Buhari administered judicial oath of office on Justice Olukayode Ariwoola as the substantive Chief Justice of Nigeria at the Council chamber of the State House Abuja The swearing in of Ariwoola followed his confirmation by the Senate on Sept 21 three months after his appointment by the president Ariwoola an indigene of Iseyin in Oyo State was appointed as acting CJN on June 27 following the resignation of Justice Tanko Muhammad on health grounds On the same day the president also presided over the meeting of the Federal Executive Council FEC at the Council Chamber of the State House Abuja The Council approved N11 8 billion for the procurement of equipment and setting up of a fire fighting trucks maintenance centre in Katsina State and an aircraft maintenance centre in Abuja It also endorsed the completion of the ongoing construction of Enugu Onitsha expressway by MTN Nigeria PLC telecommunication company at the cost of N202 8billion via the Tax Credit Scheme of the federal government The President participated in a virtual meeting of the Heads of State and Government of member states of the Gulf of Guinea Commission GGC on Oct 13 The meeting was convened to review progress on efforts to deal with the maritime challenges in the region GGC is an international body that was established by the Treaty signed in Libreville Gabon on July 3 2001 comprising Angola Congo Gabon Equatorial Guinea Nigeria and Sao Tome and Principe Cameroon and the Democratic Republic of Congo joined the Gulf of Guinea Commission in 2008 At the GGC meeting Buhari appealed member states to remit their outstanding Annual Assessed Contributions to the Secretariat to meet the Commission s objectives According to the president the continued non payment by the majority has greatly affected the ability of the Commission to fulfill the mandate for which it was established in 2001 President Xi Jinping of the People s Republic of China also commiserated with President Buhari on the recent boat mishap in Anambra Over 40 people were reported to have died in the accident which happened on Friday Oct 7 at Umunankwo in Ogbaru local government area of Anambra NewsSourceCredit NAN
    Why Security Council ordered reopening of Obajana Cement Coy
    General news4 months ago

    Why Security Council ordered reopening of Obajana Cement Coy

    The National Security Council says it ordered the reopening of the Obajana Cement Company for the sake of peace and Nigeria’s economic prosperity.

    The News Agency of Nigeria reports that the cement company was initially closed down following disagreements between the Kogi government and management of the company, headed by Aliko Dangote.

    NAN, however, reports that, at the course of the week, the meeting of the security council, chaired by President Muhammadu Buhari, ordered the reopening of the company after agreement was reached between the two disputing parties.

    Addressing State House correspondents at the end of the meeting, the Minister of Police Affairs, Alhaji Maigari Dingyadi, confirmed that an agreement had been reached to ensure the re-opening of the Company to give room for peace in the state.

    “An agreement has been reached between the Kogi government and the Dangote Cement in Kogi on the need to re-open the factory and ensure that there is peace in the state.

    ”Government is committed to the provision of employment to its citizens rather than closing factories that will make people unemployed.

    ”We do hope that the parties involved will respect this agreement and come to terms with the memorandum of understanding signed by the parties involved,” he said.

    Dingyadi said the agreement was reached under the supervision of the Chief of Staff to the President, Prof. Ibrahim Gambari.

    He said the Council also reacted to the Thursday’s ruling of the Court of Appeal , which discharged the leader of the outlawed Indigenous People of Biafra (IPOB), Nnamdi Kanu of the terrorism charges levelled against him by the Federal Government.

    The minister said that council was briefed and it observed that Kanu was discharged and not acquitted.

    The meeting also noted with delight the successes being recorded from ongoing onslaught against terrorists and other criminals across the country.

    NAN reports that the security agencies have been recording what has been described as ‘impressive results’ against terrorists and other criminals in the North East, North West and other parts of the country.

    A terrorist kingpin, Ali Dogo, popularly known as Yellow and 30 of his fighters were neutralised in airstrikes by the Air Component of Operation Whirl Punch on Oct. 8, 2022 at a location in Kaduna State.

    Yellow and his fighters fled military onslaught from their location in Niger, to take refuge in one Alhaji Gwarzo’s house at Yadi in Giwa Local Government area of Kaduna state, when they were bombed.

    Similar fruitful results were being recorded by the military in the fight against terrorist groups and oil thieves in other parts of the country in recent times.

    President Buhari had earlier on Tuesday conferred National Honours on 450 Nigerians and non-Nigerians, noting that the affected citizens distinguished themselves in the service of the nation and humanity.

    According to him, citizens who contribute to national development deserve to be encouraged and appreciated.

    He also assured that he would hand over a ”Nigeria that is free from insecurity to the next generation of leaders,” assuring that his administration would continue to root out all forms of banditry, criminality, terrorism and insurgency in the country.

    On Oct. 11, Buhari administered judicial oath of office on Justice Olukayode Ariwoola as the substantive Chief Justice of Nigeria at the Council chamber of the State House, Abuja.

    The swearing in of Ariwoola followed his confirmation by the Senate on Sept. 21 three months after his appointment by the president.

    Ariwoola, an indigene of Iseyin in Oyo State, was appointed as acting CJN on June 27, following the resignation of Justice Tanko Muhammad, on health grounds.

    On the same day, the president also presided over the meeting of the Federal Executive Council (FEC), at the Council Chamber of the State House, Abuja.

    The Council approved N11.8 billion for the procurement of equipment and setting up of a fire fighting trucks maintenance centre in Katsina State and an aircraft maintenance centre in Abuja.

    It also endorsed the completion of the ongoing construction of Enugu-Onitsha expressway by MTN Nigeria PLC, telecommunication company, at the cost of N202.8billion via the Tax Credit Scheme of the federal government.

    The President participated in a virtual meeting of the Heads of State and Government of member states of the Gulf of Guinea Commission (GGC), on Oct. 13. The meeting was convened to review progress on efforts to deal with the maritime challenges in the region.

    GGC is an international body that was established by the Treaty signed in Libreville, Gabon, on July 3, 2001, comprising Angola, Congo, Gabon, Equatorial Guinea, Nigeria, and Sao Tome and Principe.

    Cameroon and the Democratic Republic of Congo joined the Gulf of Guinea Commission in 2008. At the GGC meeting, Buhari appealed member states to remit their outstanding Annual Assessed Contributions to the Secretariat to meet the Commission’s objectives.

    According to the president, the continued non-payment by the majority has greatly affected the ability of the Commission to fulfill the mandate for which it was established in 2001. President Xi Jinping of the People’s Republic of China also commiserated with President Buhari on the recent boat mishap in Anambra.

    Over 40 people were reported to have died in the accident which happened on Friday, Oct. 7, at Umunankwo in Ogbaru local government area of Anambra.


    NewsSourceCredit: NAN

  •  The Federal Executive Council FEC has endorsed the completion of the ongoing Enugu Onitsha expressway by MTN Nigeria PLC telecommunication company at the cost of N202 8billion via the Tax Credit Scheme of the Federal Government Minister of Works and Housing Babatunde Fashola revealed this when he along with Minister of Police Affairs Maigari Dingiyadi as well as the President s media aide Malam Garba Shehu briefed the State House correspondents on the outcome of the Council meeting The meeting was presided over by President Muhammadu Buhari at the Council Chamber of the Presidential Villa Abuja on Wednesday Fashola said Today we have two more So the first that was approved today was the one by MTN Nigeria PLC the telecommunication company to take over and complete the ongoing Enugu Onitsha expressway That road is a 110km which is being dualized So you have 110km times two The outstanding works aggregate to about 91 point something kilometres on both sides if you accumulate it for those who use the road You will see that the Enugu bound section has been largely completed but there s a lot of work to be done on the Onitsha section So this policy is going to allow a steady and sustained stream of funding to completion by MTN and the amount approved is N202 887 436 672 11 billion to complete the outstanding works of an aggregate of 91 9km on both sides The minister also disclosed that the Council approved the reconstruction of Umuchi Ususu Umueme GZ Industries Road in Abia by a company known as GZ Industries at the cost of N4 2billion through similar tax credit scheme He said The second memo also was under the Tax Credit Scheme and while the first one was related to the road linking Anambra and Enugu states this one is with respect to a road in Abia Now the road is called Umuchi Ususu Umueme GZ Industries Road in Abia The private sector beneficiary of the approval is a company called GZ Industries GZ Industries manufactures aluminium cans for bottling drinks They have a factory in Agbara in Ogun and they have another one in Abia in this area So it s a link road to their factory The approval was for N4 205 454 855billion The road is a 3 7km road So it s an access road to their Industry Council approved both memoranda The Minister of Police Affairs Maigari Dingyadi also disclosed that the Council approved N4 5billion for the procurement of utility vehicles for the Police Trust Fund According to him the money approved will cover the cost of procuring the vehicles and that of insurance for the vehicles I m happy to announce that the Federal Executive Council has today approved the award of contract for the Nigeria Police Trust Fund for the supply of vehicles and insurance cover for several other vehicles at a total cost of N4 541 829 17 The vehicles consist of land cruisers Toyota Prado 2021 model and Toyota Camry The land cruisers are about eight in number while the Prado are eight in number also and then the Toyota Camry vehicles are about 44 in number The Vehicles will be supplied at the cost of N1 200 400 000 24 The cost of fueling of the vehicles has also been approved at the total cost of about 5 093 770 litres at the cost of N1 039 169 880 respectively According to him the affected vehicles are to be used for patrols and tactical operations to tackle security challenges across the country The insurance cover is intended to cover all the vehicles purchased by the police Trust Fund between 2020 and 2022 involving about 450 vehicles assorted vehicles for that matter also at the cost of N812 309 823 93 This is what has been approved for the police Trust Fund at the just concluded Federal Executive Council he said On his part Shehu disclosed that the Council ratified the International Labour Organization s convention 181 According to him the convention guarantees the rights and dignity of low cadre employees who serve as house helps He said The council ratified the International Labour Organization s convention 181 Essentially it seeks to permit the operations of private employment agencies in countries If this is carried through Nigeria will be the 3rd African Country after Ethiopia and Morocco to approve such This is about the protection of the rights of persons employed by individuals as house helps with some of them being treated as slaves Government is interested in their being treated with decency respect and dignity he said Shehu also revealed that the Council approved a second memo for the adoption of the revised National Policy on labour migration According to the media aide this also protects the rights of Nigerians employed in other countries as foreign employees serving in Nigeria He said The second memo by the Labour Ministry which has been approved is for the adoption of the revised National Policy on labour migration and its action plan This is also about the protection of the dignity of Nigerians and it is a two way thing Nigerian government is interested in protecting migrant workers who are here with us and our people who work out there They shouldn t be treated as slave or discriminated anyhow in so many respects Certainly the policy seeks to confront the challenges of illegal migration and employment exploitative tendencies forced labour smuggling and human trafficking in our society and entrenching general obligation to respect human rights of human beings NewsSourceCredit NAN
    FG okays MTN’s N202.8bn tax for completion of Enugu-Onitsha Expressway
     The Federal Executive Council FEC has endorsed the completion of the ongoing Enugu Onitsha expressway by MTN Nigeria PLC telecommunication company at the cost of N202 8billion via the Tax Credit Scheme of the Federal Government Minister of Works and Housing Babatunde Fashola revealed this when he along with Minister of Police Affairs Maigari Dingiyadi as well as the President s media aide Malam Garba Shehu briefed the State House correspondents on the outcome of the Council meeting The meeting was presided over by President Muhammadu Buhari at the Council Chamber of the Presidential Villa Abuja on Wednesday Fashola said Today we have two more So the first that was approved today was the one by MTN Nigeria PLC the telecommunication company to take over and complete the ongoing Enugu Onitsha expressway That road is a 110km which is being dualized So you have 110km times two The outstanding works aggregate to about 91 point something kilometres on both sides if you accumulate it for those who use the road You will see that the Enugu bound section has been largely completed but there s a lot of work to be done on the Onitsha section So this policy is going to allow a steady and sustained stream of funding to completion by MTN and the amount approved is N202 887 436 672 11 billion to complete the outstanding works of an aggregate of 91 9km on both sides The minister also disclosed that the Council approved the reconstruction of Umuchi Ususu Umueme GZ Industries Road in Abia by a company known as GZ Industries at the cost of N4 2billion through similar tax credit scheme He said The second memo also was under the Tax Credit Scheme and while the first one was related to the road linking Anambra and Enugu states this one is with respect to a road in Abia Now the road is called Umuchi Ususu Umueme GZ Industries Road in Abia The private sector beneficiary of the approval is a company called GZ Industries GZ Industries manufactures aluminium cans for bottling drinks They have a factory in Agbara in Ogun and they have another one in Abia in this area So it s a link road to their factory The approval was for N4 205 454 855billion The road is a 3 7km road So it s an access road to their Industry Council approved both memoranda The Minister of Police Affairs Maigari Dingyadi also disclosed that the Council approved N4 5billion for the procurement of utility vehicles for the Police Trust Fund According to him the money approved will cover the cost of procuring the vehicles and that of insurance for the vehicles I m happy to announce that the Federal Executive Council has today approved the award of contract for the Nigeria Police Trust Fund for the supply of vehicles and insurance cover for several other vehicles at a total cost of N4 541 829 17 The vehicles consist of land cruisers Toyota Prado 2021 model and Toyota Camry The land cruisers are about eight in number while the Prado are eight in number also and then the Toyota Camry vehicles are about 44 in number The Vehicles will be supplied at the cost of N1 200 400 000 24 The cost of fueling of the vehicles has also been approved at the total cost of about 5 093 770 litres at the cost of N1 039 169 880 respectively According to him the affected vehicles are to be used for patrols and tactical operations to tackle security challenges across the country The insurance cover is intended to cover all the vehicles purchased by the police Trust Fund between 2020 and 2022 involving about 450 vehicles assorted vehicles for that matter also at the cost of N812 309 823 93 This is what has been approved for the police Trust Fund at the just concluded Federal Executive Council he said On his part Shehu disclosed that the Council ratified the International Labour Organization s convention 181 According to him the convention guarantees the rights and dignity of low cadre employees who serve as house helps He said The council ratified the International Labour Organization s convention 181 Essentially it seeks to permit the operations of private employment agencies in countries If this is carried through Nigeria will be the 3rd African Country after Ethiopia and Morocco to approve such This is about the protection of the rights of persons employed by individuals as house helps with some of them being treated as slaves Government is interested in their being treated with decency respect and dignity he said Shehu also revealed that the Council approved a second memo for the adoption of the revised National Policy on labour migration According to the media aide this also protects the rights of Nigerians employed in other countries as foreign employees serving in Nigeria He said The second memo by the Labour Ministry which has been approved is for the adoption of the revised National Policy on labour migration and its action plan This is also about the protection of the dignity of Nigerians and it is a two way thing Nigerian government is interested in protecting migrant workers who are here with us and our people who work out there They shouldn t be treated as slave or discriminated anyhow in so many respects Certainly the policy seeks to confront the challenges of illegal migration and employment exploitative tendencies forced labour smuggling and human trafficking in our society and entrenching general obligation to respect human rights of human beings NewsSourceCredit NAN
    FG okays MTN’s N202.8bn tax for completion of Enugu-Onitsha Expressway
    General news4 months ago

    FG okays MTN’s N202.8bn tax for completion of Enugu-Onitsha Expressway

    The Federal Executive Council (FEC) has endorsed the completion of the ongoing Enugu-Onitsha expressway by MTN Nigeria PLC, telecommunication company, at the cost of N202.8billion via the Tax Credit Scheme of the Federal Government.

    Minister of Works and Housing, Babatunde Fashola, revealed this when he along with Minister of Police Affairs, Maigari Dingiyadi as well as the President’s media aide, Malam Garba Shehu, briefed the State House correspondents on the outcome of the Council meeting.

    The meeting was presided over by President Muhammadu Buhari at the Council Chamber of the Presidential Villa Abuja on Wednesday.

    Fashola said: ”Today, we have two more.

    So, the first that was approved today was the one by MTN Nigeria PLC, the telecommunication company to take over and complete the ongoing Enugu -Onitsha expressway.

    ”That road is a 110km, which is being dualized.

    So, you have 110km times two.

    The outstanding works aggregate to about 91 point something kilometres on both sides, if you accumulate it for those who use the road.

    ”You will see that the Enugu bound section has been largely completed but there’s a lot of work to be done on the Onitsha section.

    ”So this policy is going to allow a steady and sustained stream of funding to completion by MTN and the amount approved is N202,887,436,672,11 billion to complete the outstanding works of an aggregate of 91.9km on both sides.

    ” The minister also disclosed that the Council approved  the reconstruction of Umuchi -Ususu-Umueme GZ Industries Road in Abia by a company known as GZ Industries, at the cost of N4.2billion through similar tax credit scheme.

    He said: ”The second memo also was under the Tax Credit Scheme and while the first one was related to the road linking  Anambra and Enugu states, this one is with respect to a road in Abia. ”Now the road is called Umuchi -Ususu-Umueme GZ Industries Road in Abia. ”The private sector beneficiary of the approval is a company called GZ Industries.

    ”GZ Industries manufactures aluminium cans for bottling drinks.

    They have a factory in Agbara in Ogun and they have another one in Abia in this area.

    So, it’s a link road to their factory.

    ”The approval was for N4.205,454,855billion.

    The road is a 3.7km road.

    So it’s an access road to their Industry.

    Council approved both memoranda.

    ” The Minister of Police Affairs, Maigari Dingyadi also disclosed that the Council approved N4.5billion for the procurement of utility vehicles for the Police Trust Fund. According to him, the money approved will cover the cost of procuring the vehicles and that of insurance for the vehicles.

    ”I’m happy to announce that the Federal Executive Council has today approved the award of contract for the Nigeria Police Trust Fund for the supply of vehicles and insurance cover for several other vehicles at a total cost of N4, 541,829.17. “The vehicles consist of land cruisers, Toyota Prado 2021 model and Toyota Camry.

    The land cruisers are about eight in number while the Prado are eight in number also, and then the Toyota Camry vehicles are about 44 in number.

    “The Vehicles will be supplied at the cost of N1, 200,400,000.24 , The cost of fueling of the vehicles has also been approved at the total cost of about 5,093,770 litres at the cost of N1, 039,169,880 respectively.

    “ According to him, the  affected vehicles  are to be used for  patrols and tactical operations to tackle security challenges across the country.

    “The insurance cover is intended to cover all the vehicles purchased by the police Trust Fund between 2020 and 2022, involving about 450 vehicles, assorted vehicles for that matter, also at the cost of N812, 309,823.93. ”This is what has been approved for the police Trust Fund at the just concluded Federal Executive Council,” he said.

    On his part, Shehu disclosed that the Council ratified the International Labour Organization’s convention 181. According to him, the convention guarantees the rights and dignity of low cadre employees, who serve as house helps.

    He said: ”The council ratified the International Labour Organization’s convention 181. ”Essentially, it seeks to permit the operations of private employment agencies in countries.

    If this is carried through, Nigeria will be the 3rd African Country after Ethiopia and Morocco to approve such.

    “This is about the protection of the rights of persons employed by individuals as house helps with some of them being treated as slaves.

    ”Government is interested in their being treated with decency, respect and dignity,” he said.

    Shehu also revealed that the Council approved a second memo for the adoption of the revised National Policy on labour migration.

    According to the media aide, this also protects the rights of Nigerians employed in other countries as foreign employees serving in Nigeria.

    He said: “The second memo by the Labour Ministry; which has been approved is for the adoption of the revised National Policy on labour migration and its action plan.

    “This is also about the protection of the dignity of Nigerians and it is a two-way thing.

    Nigerian government is interested in protecting migrant workers who are here with us and our people who work out there.

    ”They shouldn’t be treated as slave or discriminated anyhow in so many respects.

    “Certainly the policy seeks to confront the challenges of illegal migration and employment, exploitative tendencies, forced labour, smuggling and human trafficking in our society and entrenching general obligation to respect human rights of human beings.


    NewsSourceCredit: NAN

  •  THE out of court settlement embarked upon by parties in a N5 billion libel suit instituted by the immediate past Resident Electoral Commission REC in Akwa Ibom Mike Igini has failed in a Benin High Court presided over by Justice Vestee Eboreime The News Agency of Nigeria reports that Igini had dragged retired Col David Imuse and two others to court over a media report where the Edo APC chairman allegedly accused the former REC of receiving bribe from Gov Godwin Obaseki ahead of the 2020 governorship election in Edo Also joined in the suit are the African Newspapers of Nigeria PLC publishers of the Tribune titles of Newspapers and the Sun Publishing Ltd publishers of the Sun titles of Newspapers Counsel to Imuse Austin Osarenkhoe had at the last adjournment on Aug 4 made an oral application for the out of court settlement However on the resumed hearing on Monday Clement Onwuwuenor SAN counsel to the Igini told the court that an agreement could not be reached as settlement broke down due to unsatisfactory terms of resolutions brought forth by Imuse the first defendant in the case Consequent to the collapse of this alternative dispute resolution counsel to the three defendants had to proceed with cross examination of Igini who had earlier been led on evidence and presented his exhibits at the last hearing Igini under the cross examination admitted that the newspapers sought his reaction before they published but noted that the reaction was not enough to malign his integrity On an application for extension of time to file statement of defence by the APC Chairman Justice Eboreime ordered the first defendant to file his defence within 48 hours having defaulted in the process The judge awarded a cost N50 000 against the defendant to the claimant for the defaulting the earlier order of the court on the statement of defence The judge adjourned until Nov 15 and Nov 16 for continuation of hearing Speaking to newsmen later Igini s Counsel Onwuwuenor said negotiations for the out of settlement broke down because Imuse failed to offer substantial proposal but noted however his client was still open to settlement out of court Osarenkhoe on his own said his client could not meet the terms of settlement gave by the claimant because they were too stringent Osarenkhoe however noted that both parties were still disposed to settlement NewsSourceCredit NAN
    N5bn libel suit: Out of court settlement fails, as court adjourns until Nov. 15
     THE out of court settlement embarked upon by parties in a N5 billion libel suit instituted by the immediate past Resident Electoral Commission REC in Akwa Ibom Mike Igini has failed in a Benin High Court presided over by Justice Vestee Eboreime The News Agency of Nigeria reports that Igini had dragged retired Col David Imuse and two others to court over a media report where the Edo APC chairman allegedly accused the former REC of receiving bribe from Gov Godwin Obaseki ahead of the 2020 governorship election in Edo Also joined in the suit are the African Newspapers of Nigeria PLC publishers of the Tribune titles of Newspapers and the Sun Publishing Ltd publishers of the Sun titles of Newspapers Counsel to Imuse Austin Osarenkhoe had at the last adjournment on Aug 4 made an oral application for the out of court settlement However on the resumed hearing on Monday Clement Onwuwuenor SAN counsel to the Igini told the court that an agreement could not be reached as settlement broke down due to unsatisfactory terms of resolutions brought forth by Imuse the first defendant in the case Consequent to the collapse of this alternative dispute resolution counsel to the three defendants had to proceed with cross examination of Igini who had earlier been led on evidence and presented his exhibits at the last hearing Igini under the cross examination admitted that the newspapers sought his reaction before they published but noted that the reaction was not enough to malign his integrity On an application for extension of time to file statement of defence by the APC Chairman Justice Eboreime ordered the first defendant to file his defence within 48 hours having defaulted in the process The judge awarded a cost N50 000 against the defendant to the claimant for the defaulting the earlier order of the court on the statement of defence The judge adjourned until Nov 15 and Nov 16 for continuation of hearing Speaking to newsmen later Igini s Counsel Onwuwuenor said negotiations for the out of settlement broke down because Imuse failed to offer substantial proposal but noted however his client was still open to settlement out of court Osarenkhoe on his own said his client could not meet the terms of settlement gave by the claimant because they were too stringent Osarenkhoe however noted that both parties were still disposed to settlement NewsSourceCredit NAN
    N5bn libel suit: Out of court settlement fails, as court adjourns until Nov. 15
    General news4 months ago

    N5bn libel suit: Out of court settlement fails, as court adjourns until Nov. 15

    THE out-of-court settlement embarked upon by parties in a  N5 billion libel suit instituted by the immediate past Resident Electoral Commission (REC) in Akwa Ibom, Mike Igini, has failed in a Benin High Court presided over by Justice Vestee Eboreime The News Agency of Nigeria reports that Igini had dragged retired Col. David Imuse and two others to court over a media report where the Edo APC chairman allegedly accused the former REC of receiving bribe from Gov. Godwin Obaseki ahead of the 2020 governorship election in Edo. Also joined in the suit are the African Newspapers of Nigeria PLC, publishers of the Tribune titles of Newspapers and the Sun Publishing Ltd, publishers of the Sun titles of Newspapers.

    Counsel to Imuse, Austin Osarenkhoe had at the last adjournment on Aug. 4 made an oral application for the out-of-court settlement.

    However, on the resumed hearing on Monday, Clement Onwuwuenor, SAN,  counsel to the Igini, told the court that an agreement could not be reached as settlement broke down due to unsatisfactory terms of resolutions brought forth by Imuse, the first defendant in the case.

    Consequent to the collapse of this alternative dispute resolution, counsel to the three defendants had to proceed with cross-examination of Igini, who had earlier been led on evidence and presented his exhibits at the last hearing.

    Igini under the cross-examination admitted that the newspapers sought his reaction before they published, but noted that the reaction was not enough to malign his integrity.

    On an application for extension of time to file statement of defence by the APC Chairman, Justice Eboreime ordered the first defendant to file his defence within 48 hours, having defaulted in the process.

    The judge awarded a cost N50,000 against the defendant to the claimant for the defaulting the earlier order of the court on the statement of defence.

    The judge adjourned until Nov. 15 and  Nov. 16 for continuation of hearing.

    Speaking to newsmen later, Igini’s Counsel, Onwuwuenor, said negotiations for the out-of-settlement broke down because Imuse failed to offer substantial proposal, but noted, however, his client was still open to settlement out of court.

    Osarenkhoe on his own said, his client could not meet the terms of settlement gave by the claimant because they were too stringent.

    Osarenkhoe, however, noted that both parties were still disposed to settlement.


    NewsSourceCredit: NAN

  •  The 1968 to 1972 sets of Oro Grammar School Old Students Association Kwara have trained no fewer than 55 teachers of the school on effective service delivery The News Agency of Nigeria reports that the theme for the training is Training and Capacity Building Panacea to National Development The Resource person Dr Nike Abdulsalam re emphasised the need for training and retraining of teachers in Nigeria She said the teachers must be periodically updated in order to be well acquainted with the latest information skills and technology that are needed for teaching and learning profession She described the programme as a success and which must be continuum in order to improve the standard of education in Nigeria Abdulsalam lauded the vision of the association and described them as a shining example for other alumnus to emulate She opined that alumnus of other schools across the country in Nigeria should emulate them in order to move the education sector forward reminding them that government alone cannot shoulder the responsibility At the end of the workshop certificates of attendance were awarded to participants The Board Chairman of the school Prince Olajide Titiloye recommended a model teachers professional development that provides great training hands on mentoring and the provision of high quality teaching materials and equipment He explained that teachers are expected to participate in 100 hours of professional development over five years specifically 60 hours of training that combines both teaching practices as well as subject matter contents Titiloye added that 40 hours in Professional Learning Communities PLCs should form the new model of group mentoring The board chairman who is of the opinion that while teachers are still free to pursue any professional development opportunity in practice said they should be encouraged through professional and other incentives to engage in teacher training that meets these requirements He noted that Oro Grammar School been the second oldest community turned public school should be given lead priorities in the proposed reforms by the Kwara State Government The training was organised as part of activities to commemorate the 50th anniversary of the graduation of the set The Chairman of the set Mr Funsho Adedayo said government cannot shoulder the responsibility of funding all activities of the education sector and asked other sets to complement their efforts Adedayo also sought for the involvement of private sectors in form of Corporate Social Responsibility CSR from firms within and outside the state The 3 day training ended in Oro on Friday NewsSourceCredit NAN
    Old students train 55 teachers in Kwara
     The 1968 to 1972 sets of Oro Grammar School Old Students Association Kwara have trained no fewer than 55 teachers of the school on effective service delivery The News Agency of Nigeria reports that the theme for the training is Training and Capacity Building Panacea to National Development The Resource person Dr Nike Abdulsalam re emphasised the need for training and retraining of teachers in Nigeria She said the teachers must be periodically updated in order to be well acquainted with the latest information skills and technology that are needed for teaching and learning profession She described the programme as a success and which must be continuum in order to improve the standard of education in Nigeria Abdulsalam lauded the vision of the association and described them as a shining example for other alumnus to emulate She opined that alumnus of other schools across the country in Nigeria should emulate them in order to move the education sector forward reminding them that government alone cannot shoulder the responsibility At the end of the workshop certificates of attendance were awarded to participants The Board Chairman of the school Prince Olajide Titiloye recommended a model teachers professional development that provides great training hands on mentoring and the provision of high quality teaching materials and equipment He explained that teachers are expected to participate in 100 hours of professional development over five years specifically 60 hours of training that combines both teaching practices as well as subject matter contents Titiloye added that 40 hours in Professional Learning Communities PLCs should form the new model of group mentoring The board chairman who is of the opinion that while teachers are still free to pursue any professional development opportunity in practice said they should be encouraged through professional and other incentives to engage in teacher training that meets these requirements He noted that Oro Grammar School been the second oldest community turned public school should be given lead priorities in the proposed reforms by the Kwara State Government The training was organised as part of activities to commemorate the 50th anniversary of the graduation of the set The Chairman of the set Mr Funsho Adedayo said government cannot shoulder the responsibility of funding all activities of the education sector and asked other sets to complement their efforts Adedayo also sought for the involvement of private sectors in form of Corporate Social Responsibility CSR from firms within and outside the state The 3 day training ended in Oro on Friday NewsSourceCredit NAN
    Old students train 55 teachers in Kwara
    Education4 months ago

    Old students train 55 teachers in Kwara

    The 1968 to 1972 sets of Oro Grammar School Old Students Association, Kwara, have trained no fewer than 55 teachers of the school on effective service delivery.

    The News Agency of Nigeria reports that the theme for the training is “Training and Capacity Building: Panacea to National Development”.

    The Resource person, Dr Nike Abdulsalam, re-emphasised the need for training and retraining of teachers in Nigeria.

    She said the teachers must be periodically updated in order to be well acquainted with the latest information, skills and technology that are needed for teaching and learning profession.

    She described the programme as a success and which must be continuum in order to improve the standard of education in Nigeria.

    Abdulsalam lauded the vision of the association and described them as a shining example for other alumnus to emulate.

    She opined that alumnus of other schools across the country in Nigeria should emulate them in order to move the education sector forward, reminding them that government alone cannot shoulder the responsibility. 

    At the end of the workshop, certificates of attendance were awarded to participants.

    The Board Chairman of the school, Prince Olajide Titiloye, recommended a model teachers’ professional development that provides great training, hands-on mentoring, and the provision of high-quality teaching materials and equipment.

    He explained that teachers are expected to participate in 100 hours of professional development over five years, specifically 60 hours of training that combines both teaching practices  as well as subject matter contents.

    Titiloye added that 40 hours in Professional Learning Communities (PLCs) should form the new model of group mentoring.

    The board chairman, who is of the opinion that while teachers are still free to pursue any professional development opportunity in practice, said they should be encouraged through professional and other incentives to engage in teacher training that meets these requirements.

    He noted that Oro Grammar School been the second oldest community turned public school should be given lead priorities in the proposed reforms by the Kwara State Government.

    The training was organised as part of activities to commemorate the 50th anniversary of the graduation of the set.

    The Chairman of the set, Mr Funsho Adedayo, said government cannot shoulder the responsibility of funding all activities of the education sector and asked other sets to complement their efforts. 

    Adedayo also sought for the involvement of private sectors in form of Corporate Social Responsibility (CSR) from firms within and outside the state.

    The 3-day training ended in Oro on Friday.  


    NewsSourceCredit: NAN

  •   By Margaret Soi Head of Cross Border Banking The African Continental Free Trade Area AfCFTA was signed on March 21 2018 in Kigali Rwanda by 44 of the 55 African countries and brokered by the African Union AU This agreement was born out of the realization that Africa s total commercial exports to the rest of the world are estimated at USD 760 billion however this is mainly in the form of raw materials and thus prevents Africa from realizing the true value of such exports Considering that African exports to the world represent only 3 of the total value of world trade there is much room for improvement Little wonder then that in a 2020 report the World Bank estimated that by 2035 real revenue gains from full implementation of the agreement could be 7 or nearly 450 billion while forecasting that the deal could help help an additional 30 million people of extreme poverty and 68 million people of moderate poverty In this context it is clear that the AfCFTA has the potential to have a significant impact on improving African livelihoods by boosting intra African trade and generating new employment opportunities in an integrated African labor market In a follow up report https bit ly 3wZhqmM published in June 2022 the World Bank listed other potential benefits of the AfCFTA at work including better paid and better quality jobs especially for women as well as wage increases of 11 2 for women and 9 8 for men by 2035 Policymakers say the free movement of workers will be a key factor in the successful functioning of the free trade area and the realization of the above benefits for workers Let us now delve into why the labor mobility promised under the AfCFTA is important for Africa s development and how it can be achieved to improve local livelihoods and ensure sustainable wealth creation in Africa says Margaret Soi head of cross border banking at Bank One Why labor mobility can benefit Africa both in host and native countries There is no denying that labor migration is good for trade and economic development especially in developing countries where the free movement of people benefits both the host country and the country of origin The benefits of the free movement of people within Africa can be grouped into the following five distinct categories Boosting trade and tourism The free movement of people can boost both trade and tourism For example Rwanda saw cross border trade with Kenya and Uganda increase by 50 thanks to reduced travel requirements to just ID cards for neighboring countries in 2013 In addition tourism to the Seychelles increased by a significant 7 per year between 2009 and 2014 when it abolished visas for African citizens Closing skills and labor gaps There could be situations where certain countries have particular excess skills while others lack the same skill set Allowing the free movement of labor will allow host countries to find such scarce skills at potentially lower rates than attracting talent from developed countries while alleviating demographic pressure in countries of origin In addition the productivity gains that come from these skilled workers will boost economic growth and per capita income For example while immigrants only make up 10 of the population of C te d Ivoire which is home to the second largest number of immigrants in Africa they account for 19 of GDP Stimulate local employment While it may seem counterintuitive as migrant workers compete for jobs with nationals their presence actually stimulates local employment as well For example in South Africa newly arrived immigrants were found to have a positive impact on native employment rates and wages and their presence resulted in lower unemployment Taking a broader example the creation of the EU and free movement within it has reduced the average unemployment rate in Europe by 6 Boosting government revenue The employment of migrant workers in the formal economy of host countries can have a significant positive effect on public finances through taxes For example migrant workers pay on average three times more taxes than citizens of Rwanda In Ghana local workers only cover between 70 and 80 of the expenses made on their behalf while migrant workers pay up to 159 of public spending on them Increased remittances and knowledge transfer to countries of origin Finally labor mobility benefits the country of origin of the migrant worker through its impact on remittances and knowledge transfer When migrant workers begin to work across borders there is a corresponding increase in remittances to their countries of origin To illustrate African migrant workers sent about 85 billion back to their families in 2019 Crucially intra African remittances tend to reduce poverty even more because regional migrants tend to have poorer families than those leaving to work in other continents Closing the loop when these migrant workers finally return home they often use their deepest skills and wealth creation to support their economies and stimulate employment by setting up new businesses or investing in companies and engaging in very knowledge transfer necessary in the process Effects of Intracontinental Labor Mobility on Labor Standards and Wealth Creation As a natural corollary to the beneficial effect of the AfCFTA on access to scarce skill sets in destination countries the ease of labor movement facilitated by the AfCFTA it has also caused some host countries to lose talent if their needs are not met This is likely to result in rising labor standards across the region as countries compete with each other to retain the most skilled workers explains Margaret Soi Significantly much needed labor mobility in an African context has seen the growth of a new class of people who have an appetite to grow maintain and preserve their wealth through sustainable investment solutions both locally and across borders On a pan African level this has stimulated increased demand for cross border banking through digital channels by these highly skilled professionals who now enjoy the added benefit of mobility to transform their livelihoods Indeed these professionals are well poised to join a growing class of affluent clients who live and work in Africa a segment that Bank One is ideally positioned to serve through the combined footprint of our two shareholders the Mauritius conglomerate CIEL Ltd and I M based in Kenya PLC group Margaret adds Financial institutions like Bank One can support the growth and needs of these skilled professionals by offering them best in class cross border banking solutions such as the recently awarded innovative cross border banking value proposition under our Offshore Elite Banking Unit At Bank One we have a host of world class banking solutions that allow us to offer services to clients as wealthy as they are in sub Saharan Africa such as Cross Border Transactions Secure offshore transactional capabilities for foreign currency banking around the world multiple currencies and geographies Advice trusted advice on investment structuring wealth management and access to guaranteed financing services Wealth Management Dedicated and experienced offshore banking relationship managers covering both Francophone and Anglophone clients Digital Banking Efficient digital banking services for accounts and investments including an award winning custody platform and best in class FX services Future Forward Committing to Labor Mobility for a Better Future for All Despite the plethora of benefits that can be derived from intra continental labor mobility not all African countries are committed to the concept Along with signing the AfCFTA agreement and supporting the Kigali Declaration while 32 African nations signed the Protocol on the Free Movement of Persons which seeks to establish a visa free zone within AfCFTA countries by January 2022 only four countries Rwanda Niger Mali and S o Tom and Pr ncipe have ratified it Most importantly Nigeria and South Africa Africa s two largest economies have neither signed nor ratified the agreement Thus more than a year after the launch of the AfCFTA it is becoming increasingly clear that its full potential will not be unlocked if we do not improve labor mobility across the continent to ensure the right skills are available at the right place at the right time Indeed only by ensuring the free movement of people and labor across the continent can we enhance economic growth enable businesses to find much needed skills faster increase productivity and enable wealth creation by allowing Africans trade more with other Africans
    How the African Continental Free Trade Area (AfCFTA) promises to improve labor mobility and spur wealth creation in Africa (By Margaret Soi)
      By Margaret Soi Head of Cross Border Banking The African Continental Free Trade Area AfCFTA was signed on March 21 2018 in Kigali Rwanda by 44 of the 55 African countries and brokered by the African Union AU This agreement was born out of the realization that Africa s total commercial exports to the rest of the world are estimated at USD 760 billion however this is mainly in the form of raw materials and thus prevents Africa from realizing the true value of such exports Considering that African exports to the world represent only 3 of the total value of world trade there is much room for improvement Little wonder then that in a 2020 report the World Bank estimated that by 2035 real revenue gains from full implementation of the agreement could be 7 or nearly 450 billion while forecasting that the deal could help help an additional 30 million people of extreme poverty and 68 million people of moderate poverty In this context it is clear that the AfCFTA has the potential to have a significant impact on improving African livelihoods by boosting intra African trade and generating new employment opportunities in an integrated African labor market In a follow up report https bit ly 3wZhqmM published in June 2022 the World Bank listed other potential benefits of the AfCFTA at work including better paid and better quality jobs especially for women as well as wage increases of 11 2 for women and 9 8 for men by 2035 Policymakers say the free movement of workers will be a key factor in the successful functioning of the free trade area and the realization of the above benefits for workers Let us now delve into why the labor mobility promised under the AfCFTA is important for Africa s development and how it can be achieved to improve local livelihoods and ensure sustainable wealth creation in Africa says Margaret Soi head of cross border banking at Bank One Why labor mobility can benefit Africa both in host and native countries There is no denying that labor migration is good for trade and economic development especially in developing countries where the free movement of people benefits both the host country and the country of origin The benefits of the free movement of people within Africa can be grouped into the following five distinct categories Boosting trade and tourism The free movement of people can boost both trade and tourism For example Rwanda saw cross border trade with Kenya and Uganda increase by 50 thanks to reduced travel requirements to just ID cards for neighboring countries in 2013 In addition tourism to the Seychelles increased by a significant 7 per year between 2009 and 2014 when it abolished visas for African citizens Closing skills and labor gaps There could be situations where certain countries have particular excess skills while others lack the same skill set Allowing the free movement of labor will allow host countries to find such scarce skills at potentially lower rates than attracting talent from developed countries while alleviating demographic pressure in countries of origin In addition the productivity gains that come from these skilled workers will boost economic growth and per capita income For example while immigrants only make up 10 of the population of C te d Ivoire which is home to the second largest number of immigrants in Africa they account for 19 of GDP Stimulate local employment While it may seem counterintuitive as migrant workers compete for jobs with nationals their presence actually stimulates local employment as well For example in South Africa newly arrived immigrants were found to have a positive impact on native employment rates and wages and their presence resulted in lower unemployment Taking a broader example the creation of the EU and free movement within it has reduced the average unemployment rate in Europe by 6 Boosting government revenue The employment of migrant workers in the formal economy of host countries can have a significant positive effect on public finances through taxes For example migrant workers pay on average three times more taxes than citizens of Rwanda In Ghana local workers only cover between 70 and 80 of the expenses made on their behalf while migrant workers pay up to 159 of public spending on them Increased remittances and knowledge transfer to countries of origin Finally labor mobility benefits the country of origin of the migrant worker through its impact on remittances and knowledge transfer When migrant workers begin to work across borders there is a corresponding increase in remittances to their countries of origin To illustrate African migrant workers sent about 85 billion back to their families in 2019 Crucially intra African remittances tend to reduce poverty even more because regional migrants tend to have poorer families than those leaving to work in other continents Closing the loop when these migrant workers finally return home they often use their deepest skills and wealth creation to support their economies and stimulate employment by setting up new businesses or investing in companies and engaging in very knowledge transfer necessary in the process Effects of Intracontinental Labor Mobility on Labor Standards and Wealth Creation As a natural corollary to the beneficial effect of the AfCFTA on access to scarce skill sets in destination countries the ease of labor movement facilitated by the AfCFTA it has also caused some host countries to lose talent if their needs are not met This is likely to result in rising labor standards across the region as countries compete with each other to retain the most skilled workers explains Margaret Soi Significantly much needed labor mobility in an African context has seen the growth of a new class of people who have an appetite to grow maintain and preserve their wealth through sustainable investment solutions both locally and across borders On a pan African level this has stimulated increased demand for cross border banking through digital channels by these highly skilled professionals who now enjoy the added benefit of mobility to transform their livelihoods Indeed these professionals are well poised to join a growing class of affluent clients who live and work in Africa a segment that Bank One is ideally positioned to serve through the combined footprint of our two shareholders the Mauritius conglomerate CIEL Ltd and I M based in Kenya PLC group Margaret adds Financial institutions like Bank One can support the growth and needs of these skilled professionals by offering them best in class cross border banking solutions such as the recently awarded innovative cross border banking value proposition under our Offshore Elite Banking Unit At Bank One we have a host of world class banking solutions that allow us to offer services to clients as wealthy as they are in sub Saharan Africa such as Cross Border Transactions Secure offshore transactional capabilities for foreign currency banking around the world multiple currencies and geographies Advice trusted advice on investment structuring wealth management and access to guaranteed financing services Wealth Management Dedicated and experienced offshore banking relationship managers covering both Francophone and Anglophone clients Digital Banking Efficient digital banking services for accounts and investments including an award winning custody platform and best in class FX services Future Forward Committing to Labor Mobility for a Better Future for All Despite the plethora of benefits that can be derived from intra continental labor mobility not all African countries are committed to the concept Along with signing the AfCFTA agreement and supporting the Kigali Declaration while 32 African nations signed the Protocol on the Free Movement of Persons which seeks to establish a visa free zone within AfCFTA countries by January 2022 only four countries Rwanda Niger Mali and S o Tom and Pr ncipe have ratified it Most importantly Nigeria and South Africa Africa s two largest economies have neither signed nor ratified the agreement Thus more than a year after the launch of the AfCFTA it is becoming increasingly clear that its full potential will not be unlocked if we do not improve labor mobility across the continent to ensure the right skills are available at the right place at the right time Indeed only by ensuring the free movement of people and labor across the continent can we enhance economic growth enable businesses to find much needed skills faster increase productivity and enable wealth creation by allowing Africans trade more with other Africans
    How the African Continental Free Trade Area (AfCFTA) promises to improve labor mobility and spur wealth creation in Africa (By Margaret Soi)
    Africa5 months ago

    How the African Continental Free Trade Area (AfCFTA) promises to improve labor mobility and spur wealth creation in Africa (By Margaret Soi)

    By Margaret Soi, Head of Cross-Border Banking The African Continental Free Trade Area (AfCFTA) was signed on March 21, 2018 in Kigali, Rwanda, by 44 of the 55 African countries, and brokered by the African Union (AU) .

    This agreement was born out of the realization that Africa's total commercial exports to the rest of the world are estimated at USD 760 billion; however, this is mainly in the form of raw materials and thus prevents Africa from realizing the true value of such exports.

    Considering that African exports to the world represent only 3% of the total value of world trade, there is much room for improvement.

    Little wonder then that, in a 2020 report, the World Bank estimated that by 2035, real revenue gains from full implementation of the agreement could be 7%, or nearly $450 billion, while forecasting that the deal could help help an additional 30 million people.

    of extreme poverty and 68 million people of moderate poverty.

    In this context, it is clear that the AfCFTA has the potential to have a significant impact on improving African livelihoods by boosting intra-African trade and generating new employment opportunities in an integrated African labor market.

    In a follow-up report (https://bit.ly/3wZhqmM) published in June 2022, the World Bank listed other potential benefits of the AfCFTA at work, including better paid and better quality jobs, especially for women; as well as wage increases of 11.2% for women and 9.8% for men by 2035.

    Policymakers say the free movement of workers will be a key factor in the successful functioning of the free trade area and the realization of the above benefits for workers.

    "Let us now delve into why the labor mobility promised under the AfCFTA is important for Africa's development and how it can be achieved to improve local livelihoods and ensure sustainable wealth creation in Africa," says Margaret Soi, head of cross-border banking.

    at Bank One. Why labor mobility can benefit Africa, both in host and native countries There is no denying that labor migration is good for trade and economic development, especially in developing countries, where the free movement of people benefits both the host country and the country of origin.

    The benefits of the free movement of people within Africa can be grouped into the following five distinct categories: Boosting trade and tourism: The free movement of people can boost both trade and tourism.

    For example, Rwanda saw cross-border trade with Kenya and Uganda increase by 50% thanks to reduced travel requirements to just ID cards for neighboring countries in 2013.

    In addition, tourism to the Seychelles increased by a significant 7% per year between 2009 and 2014, when it abolished visas for African citizens.

    Closing skills and labor gaps: There could be situations where certain countries have particular excess skills, while others lack the same skill set.

    Allowing the free movement of labor will allow host countries to find such scarce skills at potentially lower rates than attracting talent from developed countries, while alleviating demographic pressure in countries of origin.

    In addition, the productivity gains that come from these skilled workers will boost economic growth and per capita income.

    For example, while immigrants only make up 10% of the population of Côte d'Ivoire, which is home to the second largest number of immigrants in Africa, they account for 19% of GDP.

    Stimulate local employment: While it may seem counterintuitive as migrant workers compete for jobs with nationals, their presence actually stimulates local employment as well.

    For example, in South Africa, newly arrived immigrants were found to have a positive impact on native employment rates and wages, and their presence resulted in lower unemployment.

    Taking a broader example, the creation of the EU and free movement within it has reduced the average unemployment rate in Europe by 6%.

    Boosting government revenue: The employment of migrant workers in the formal economy of host countries can have a significant positive effect on public finances through taxes.

    For example, migrant workers pay on average three times more taxes than citizens of Rwanda.

    In Ghana, local workers only cover between 70 and 80% of the expenses made on their behalf, while migrant workers pay up to 159% of public spending on them.

    Increased remittances and knowledge transfer to countries of origin: Finally, labor mobility benefits the country of origin of the migrant worker through its impact on remittances and knowledge transfer.

    When migrant workers begin to work across borders, there is a corresponding increase in remittances to their countries of origin; To illustrate, African migrant workers sent about $85 billion back to their families in 2019.

    Crucially, intra-African remittances tend to reduce poverty even more, because regional migrants tend to have poorer families than those leaving.

    to work in other continents.

    Closing the loop, when these migrant workers finally return home, they often use their deepest skills and wealth creation to support their economies and stimulate employment by setting up new businesses or investing in companies, and engaging in very knowledge transfer.

    necessary in the process.

    Effects of Intracontinental Labor Mobility on Labor Standards and Wealth Creation “As a natural corollary to the beneficial effect of the AfCFTA on access to scarce skill sets in destination countries, the ease of labor movement facilitated by the AfCFTA it has also caused some host countries to lose talent if their needs are not met.

    This is likely to result in rising labor standards across the region as countries compete with each other to retain the most skilled workers,” explains Margaret Soi. Significantly, much-needed labor mobility in an African context has seen the growth of a new class of people who have an appetite to grow, maintain and preserve their wealth through sustainable investment solutions both locally and across borders.

    On a pan-African level, this has stimulated increased demand for cross-border banking through digital channels by these highly-skilled professionals who now enjoy the added benefit of mobility to transform their livelihoods.

    Indeed, these professionals are well poised to join a growing class of affluent clients who live and work in Africa, a segment that Bank One is ideally positioned to serve through the combined footprint of our two shareholders, the Mauritius conglomerate CIEL Ltd and I&M based in Kenya.

    PLC group.

    Margaret adds: “Financial institutions like Bank One can support the growth and needs of these skilled professionals by offering them best-in-class cross-border banking solutions, such as the recently awarded innovative cross-border banking value proposition under our Offshore Elite Banking Unit. At Bank One, we have a host of world-class banking solutions that allow us to offer services to clients as wealthy as they are in sub-Saharan Africa, such as: Cross-Border Transactions: Secure offshore transactional capabilities for foreign currency banking around the world .

    multiple currencies and geographies.

    Advice: trusted advice on investment structuring, wealth management and access to guaranteed financing services.

    Wealth Management: Dedicated and experienced offshore banking relationship managers covering both Francophone and Anglophone clients.

    Digital Banking: Efficient digital banking services for accounts and investments, including an award-winning custody platform and best-in-class FX services.

    Future Forward: Committing to Labor Mobility for a Better Future for All Despite the plethora of benefits that can be derived from intra-continental labor mobility, not all African countries are committed to the concept.

    Along with signing the AfCFTA agreement and supporting the Kigali Declaration, while 32 African nations signed the Protocol on the Free Movement of Persons (which seeks to establish a visa-free zone within AfCFTA countries) by January 2022, only four countries – Rwanda, Niger, Mali and São Tomé and Príncipe – have ratified it.

    Most importantly, Nigeria and South Africa, Africa's two largest economies, have neither signed nor ratified the agreement.

    Thus, more than a year after the launch of the AfCFTA, it is becoming increasingly clear that its full potential will not be unlocked if we do not improve labor mobility across the continent to ensure the right skills are available at the right place at the right time.

    .

    Indeed, only by ensuring the free movement of people and labor across the continent can we enhance economic growth, enable businesses to find much-needed skills faster, increase productivity and enable wealth creation by allowing Africans trade more with other Africans.

  •   Engineers urge LASG to take action on supply of potable water L R Mrs Monsurat Alagbe Lagos Chapter Chairperson Association of Professional Women Engineers Mr ChrisThe Apapa Branch of the Nigeria Society of Engineers NSE has appealed to the Lagos State Government to do everything within its power to make potable water available to residents The NSE Apapa Branch Chairman Mr Christian Ufot made the appeal in an interview in Lagos on Monday He spoke on the sidelines of a news conference organised to announce activities lined up for the celebration of the 2022 Engineering Week in Lagos According to him the society has continued to focus on the welfare of the masses as well as proffering solutions to challenges associated with public service delivery He said that an area of concern had been the supply of pipe borne water to residents across the state According to the chairman it is the main reason the society usually pays courtesy visits to key organisation every year as part of activities to celebrate the Engineering week We will suggest that government makes potable water supply to residents a top priority The indiscriminate drilling of boreholes across the state is as a result of non availability of potable water and I must say that this act of drilling causes underground water pollution he said The chairman said that when there was provision of a better alternative it would become easy for anyone to discard the existing one At the moment the pipe borne water is not available so when you tell people not to drill boreholes how then are they going to survive without water So the people are looking for a way to survive The way forward is just for government to strive hard to provide residents with potable water and when this is done and anyone choses to still go ahead to drill borehole the government has every right to query such person he said Ufot recalled that in the time past there used to be pipe borne water and then a time came when it was no more available and as a result people resorted to catering for themselves So with that we decided that we needed to pay a visit to the state Water Corporation and during the visit we were able to identify challenges being faced by the corporation One of such challenges is finance the budgetary provision for the corporation is really not sufficient that is on one part On the other part facilities that have been there probably in the 1960s such as pipes are already rusted and leaking So when water is pumped and distributed through those pipes maybe up to about 50 per cent will be wasted through such leakages So in our houses when water should be flowing it is gushing out into the gutter somewhere and not getting to the end users Ufot stated He noted that these coupled with the massive increase of population in the state were some of the challenges facing the corporation The chairman said the corporation needed funds to replace pipes According to him the corporation has also been making their own presentation to government in a bid to ensure that the challenges are tackled He added that much as it sounded good and commendable the government too may be faced with paucity of funds as there were many other issues too jostling for its attention You know when you talk of resources particularly funding of projects the state government too may be looking at other areas of urgent attention and therefore to release funds for that may not be as much as expected However having said this there is the need for government to pay urgent attention to issues concerning water in the state because water is life Without water many negative things can happen Diseases that are water related most likely could come up The most pressing is that of leakage and insufficient fund Something should be done and urgently too to ensure quality service delivery as well as better welfare for residents He also gave a breakdown of the activities lined up for the celebration of the Engineering Week The chairman said soon after the news conference members would pay a visit to the Atunda Olu School for the Physically and Mentally Challenged Children in Surulere According to him on Tuesday members of the branch will also pay an industrial visit to the Flour Mills of Nigeria PLC He noted that one of the major reasons for the visit was to avail members the opportunity to develop and sharpen their skills The chairman said on Wednesday there would be a hybrid public lecture with the theme 21st Century Professional Development Vehicle to be delivered by Mrs Uchechi Edosomwan He said that this would be followed by indoor games Ufot said that Thursday the grand finale would feature the society s Annual General of new executives as well as audit committee members He said that members of the society were in partnership with both secondary and tertiary institutions in the state This is in a bid to further enhance professionalism in the various sectors of the economy and engender national development You know the NSE embraces all the various disciplines of Engineering We plan to visit the Lagos State University LASU again We did that two years ago and we plan to do so again as we seek to support some students in their research work We had initiated this at the Epe campus of the institution and hope to collaborate with the university s Engineering students just like we have been doing in some selected secondary schools in this area It is all about telling them the benefits of Engineering as a discipline Ufot said NewsSourceCredit NAN
    Engineers urge LASG to take action on supply of potable water
      Engineers urge LASG to take action on supply of potable water L R Mrs Monsurat Alagbe Lagos Chapter Chairperson Association of Professional Women Engineers Mr ChrisThe Apapa Branch of the Nigeria Society of Engineers NSE has appealed to the Lagos State Government to do everything within its power to make potable water available to residents The NSE Apapa Branch Chairman Mr Christian Ufot made the appeal in an interview in Lagos on Monday He spoke on the sidelines of a news conference organised to announce activities lined up for the celebration of the 2022 Engineering Week in Lagos According to him the society has continued to focus on the welfare of the masses as well as proffering solutions to challenges associated with public service delivery He said that an area of concern had been the supply of pipe borne water to residents across the state According to the chairman it is the main reason the society usually pays courtesy visits to key organisation every year as part of activities to celebrate the Engineering week We will suggest that government makes potable water supply to residents a top priority The indiscriminate drilling of boreholes across the state is as a result of non availability of potable water and I must say that this act of drilling causes underground water pollution he said The chairman said that when there was provision of a better alternative it would become easy for anyone to discard the existing one At the moment the pipe borne water is not available so when you tell people not to drill boreholes how then are they going to survive without water So the people are looking for a way to survive The way forward is just for government to strive hard to provide residents with potable water and when this is done and anyone choses to still go ahead to drill borehole the government has every right to query such person he said Ufot recalled that in the time past there used to be pipe borne water and then a time came when it was no more available and as a result people resorted to catering for themselves So with that we decided that we needed to pay a visit to the state Water Corporation and during the visit we were able to identify challenges being faced by the corporation One of such challenges is finance the budgetary provision for the corporation is really not sufficient that is on one part On the other part facilities that have been there probably in the 1960s such as pipes are already rusted and leaking So when water is pumped and distributed through those pipes maybe up to about 50 per cent will be wasted through such leakages So in our houses when water should be flowing it is gushing out into the gutter somewhere and not getting to the end users Ufot stated He noted that these coupled with the massive increase of population in the state were some of the challenges facing the corporation The chairman said the corporation needed funds to replace pipes According to him the corporation has also been making their own presentation to government in a bid to ensure that the challenges are tackled He added that much as it sounded good and commendable the government too may be faced with paucity of funds as there were many other issues too jostling for its attention You know when you talk of resources particularly funding of projects the state government too may be looking at other areas of urgent attention and therefore to release funds for that may not be as much as expected However having said this there is the need for government to pay urgent attention to issues concerning water in the state because water is life Without water many negative things can happen Diseases that are water related most likely could come up The most pressing is that of leakage and insufficient fund Something should be done and urgently too to ensure quality service delivery as well as better welfare for residents He also gave a breakdown of the activities lined up for the celebration of the Engineering Week The chairman said soon after the news conference members would pay a visit to the Atunda Olu School for the Physically and Mentally Challenged Children in Surulere According to him on Tuesday members of the branch will also pay an industrial visit to the Flour Mills of Nigeria PLC He noted that one of the major reasons for the visit was to avail members the opportunity to develop and sharpen their skills The chairman said on Wednesday there would be a hybrid public lecture with the theme 21st Century Professional Development Vehicle to be delivered by Mrs Uchechi Edosomwan He said that this would be followed by indoor games Ufot said that Thursday the grand finale would feature the society s Annual General of new executives as well as audit committee members He said that members of the society were in partnership with both secondary and tertiary institutions in the state This is in a bid to further enhance professionalism in the various sectors of the economy and engender national development You know the NSE embraces all the various disciplines of Engineering We plan to visit the Lagos State University LASU again We did that two years ago and we plan to do so again as we seek to support some students in their research work We had initiated this at the Epe campus of the institution and hope to collaborate with the university s Engineering students just like we have been doing in some selected secondary schools in this area It is all about telling them the benefits of Engineering as a discipline Ufot said NewsSourceCredit NAN
    Engineers urge LASG to take action on supply of potable water
    General news5 months ago

    Engineers urge LASG to take action on supply of potable water

    Engineers urge LASG to take action on supply of potable water L-R: Mrs Monsurat Alagbe, Lagos Chapter Chairperson, Association of Professional Women Engineers;Mr ChrisThe Apapa Branch of the Nigeria Society of Engineers (NSE) has appealed to the Lagos State Government to do everything within its power to make potable water available to residents.

    The NSE Apapa Branch Chairman, Mr Christian Ufot, made the appeal in an interview in Lagos on Monday.

    He spoke on the sidelines of a news conference organised to announce activities lined up for the celebration of the 2022 Engineering Week in Lagos.

    According to him, the society has continued to  focus on the welfare of the masses, as well as proffering solutions to challenges associated with public service delivery.

    He said that an area of concern had been the supply of pipe borne water to residents across the state.

    According to the chairman, it is the main reason the society usually pays courtesy visits to key organisation every year, as part of activities to celebrate the Engineering week.

    “We will suggest that government makes potable water supply to residents a top priority.

    “The indiscriminate drilling of boreholes across the state is as a result of non availability of potable water, and I must say that this act of drilling causes underground water pollution,” he said.

    The chairman said that when there was  provision of a better alternative, it would become easy for anyone to discard the existing one.

    “At the moment, the pipe borne water is not available, so, when you tell people not to drill boreholes, how then are they going to survive without water?

    .

    So, the people are looking for a way to survive.

    “The way forward is just for government to strive hard to provide residents with potable water, and when this is done and anyone choses to still go ahead to drill borehole, the government has every right to query such person,” he said.

    Ufot recalled that in the time past, there used to be pipe borne water, and then a time came when it was no more available, and as a result, people resorted to catering for themselves.

    “So, with that, we decided that we needed to pay a visit to the state Water Corporation, and during the visit, we were able to identify challenges being faced by the corporation.

    “One of such challenges is finance; the budgetary provision for the corporation is really not sufficient, that is on one part.

    “On the other part, facilities that have been there probably in the 1960s, such as pipes, are already rusted and leaking.

    “So, when water is pumped and distributed through those pipes, maybe, up to about 50 per cent will be wasted through such leakages.

    “So, in our houses, when water should be flowing, it is gushing out into the gutter somewhere and not getting to the end users,” Ufot stated.

    He noted that these, coupled with the massive increase of population in the state, were some of the challenges facing the corporation.

    The chairman said the corporation needed funds to replace pipes.

    According to him, the corporation has also been making their own presentation to government in a bid to ensure that the challenges are tackled.

    He added that much as it sounded good and commendable, the government too may be faced with paucity of funds, as there were many other issues too jostling for its attention.

    “You know when you talk of resources, particularly funding of projects, the state government too may be looking at other areas of urgent attention and therefore, to release funds for that, may not be as much as expected.

    “However, having said this, there is the need for government to pay urgent attention to issues concerning water in the state because, water is life.

    “Without water, many negative things can happen.

    Diseases that are water-related, most likely, could come up.

    “The most pressing is that of leakage and insufficient fund.

    Something should be done and urgently too, to ensure quality service delivery, as well as better welfare for residents.

    ” He also gave a breakdown of the activities lined up for the celebration of the Engineering Week. The chairman said soon after the news conference, members would pay a visit to the Atunda Olu School for the Physically and Mentally Challenged Children, in Surulere.

    According to him, on Tuesday, members of the branch will also pay an industrial visit to the Flour Mills of Nigeria PLC.

    He noted that one of the major reasons for the visit was to avail members the opportunity to develop and sharpen their skills.

    The chairman said on Wednesday, there would be a hybrid public lecture with the theme: 21st Century Professional Development Vehicle, to be delivered by Mrs Uchechi Edosomwan.

    He said that this would be followed by indoor games.

    Ufot said that Thursday, the grand finale, would feature the society’s Annual General of new executives, as well as audit committee members.

    He said that members of the society were in partnership with both secondary and tertiary institutions in the state.

    This is in a bid to further enhance professionalism in the various sectors of the economy and engender national development.

    “You know the NSE embraces all the various disciplines of Engineering.

    We plan to visit the Lagos State University, (LASU) again.

    “We did that two years ago and we plan to do so again as we seek to support some students in their research work “We had initiated this at the Epe campus of the institution and hope to collaborate with the university’s Engineering students, just like we have been doing in some selected secondary schools in this area.

    “It is all about telling them the benefits of Engineering as a discipline,” Ufot said.


    NewsSourceCredit: NAN

  •  The Nigeria Incentive Based Risk Sharing System for Agricultural Lending NIRSAL has disbursed N500 million loan to 4 630 farmers in Nasarawa State from 2017 to date Mr Noel Dilli Head of Project Monitoring and Remediation Office in Nasarawa State office made the disclosure at a stakeholders meeting on Thursday in Lafia He said that the farmers were given the loans to assist them in production of different farm produce to harvest and process the produce for value addition Dilli explained that 3 000 farmers got the loan in 20172018 500 got in 20182019 while in 2020 1 130 farmers got the loan respectively He said that nothing happened in 2019 as a result of coronavirus pandemic that ravaged the entire globe which Nigeria was also affected Dilli regretted that despite the laudable efforts to assist farmers to boost production more than 80 per cent of the beneficiaries in the state were yet to repay their loans Lack of repayment of the loans has brought setback to the programme thereby affecting chances of more farmers to benefit from the facility So we have set machinery in motion to recover the loans that was supposed to be paid back within six months he added He appealed to farmers to always repay whatever loan they collected for overall development of the country On her part Onerno Obaseki Assistant Manager Agricultural Value Chain Production and Integration Services AVC PIS of NIRSAL PLC commended stakeholders for their participation and useful suggestions at the meeting Obaseki urged farmers to embrace the NIRSAL s approach to farming as a business to move from peasant to sustainable agribusiness She assured farmers that if they embrace the approach of farming it would help in ensuring food security in the country Responding on behalf of the beneficiaries Musa Mohammed representing Rice Millers Association of Nigeria commended NIRSAL for their intervention in the agricultural sector He added that the intervention had improved productivity in both farming and processing of harvested produce while appealing for more investment in the sector to enable the country to become self sufficient in food production The News Agency of Nigeria reports that the meeting had in attendance farmers from the 13 Local Government Areas of the state processors and the media among others NAN
    NIRSAL disburses N500m loan to 4, 630 farmers in Nasarawa State 
     The Nigeria Incentive Based Risk Sharing System for Agricultural Lending NIRSAL has disbursed N500 million loan to 4 630 farmers in Nasarawa State from 2017 to date Mr Noel Dilli Head of Project Monitoring and Remediation Office in Nasarawa State office made the disclosure at a stakeholders meeting on Thursday in Lafia He said that the farmers were given the loans to assist them in production of different farm produce to harvest and process the produce for value addition Dilli explained that 3 000 farmers got the loan in 20172018 500 got in 20182019 while in 2020 1 130 farmers got the loan respectively He said that nothing happened in 2019 as a result of coronavirus pandemic that ravaged the entire globe which Nigeria was also affected Dilli regretted that despite the laudable efforts to assist farmers to boost production more than 80 per cent of the beneficiaries in the state were yet to repay their loans Lack of repayment of the loans has brought setback to the programme thereby affecting chances of more farmers to benefit from the facility So we have set machinery in motion to recover the loans that was supposed to be paid back within six months he added He appealed to farmers to always repay whatever loan they collected for overall development of the country On her part Onerno Obaseki Assistant Manager Agricultural Value Chain Production and Integration Services AVC PIS of NIRSAL PLC commended stakeholders for their participation and useful suggestions at the meeting Obaseki urged farmers to embrace the NIRSAL s approach to farming as a business to move from peasant to sustainable agribusiness She assured farmers that if they embrace the approach of farming it would help in ensuring food security in the country Responding on behalf of the beneficiaries Musa Mohammed representing Rice Millers Association of Nigeria commended NIRSAL for their intervention in the agricultural sector He added that the intervention had improved productivity in both farming and processing of harvested produce while appealing for more investment in the sector to enable the country to become self sufficient in food production The News Agency of Nigeria reports that the meeting had in attendance farmers from the 13 Local Government Areas of the state processors and the media among others NAN
    NIRSAL disburses N500m loan to 4, 630 farmers in Nasarawa State 
    General news8 months ago

    NIRSAL disburses N500m loan to 4, 630 farmers in Nasarawa State 

    The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has disbursed N500 million loan  to 4,630 farmers in Nasarawa State from 2017 to date. Mr Noel Dilli, Head of Project Monitoring and Remediation Office in Nasarawa State office made the disclosure at a stakeholders meeting on Thursday in Lafia. He said that the farmers were given the loans to assist them in production of different farm produce, to harvest and process the produce for value addition. Dilli explained that 3,000 farmers got the loan in 20172018, 500 got in 20182019, while in 2020, 1, 130 farmers got the loan respectively. He said that nothing happened in 2019 as a result of coronavirus pandemic that ravaged the entire globe which Nigeria was also affected. Dilli regretted that despite the laudable efforts to assist farmers to boost production, more than 80 per cent of the beneficiaries in the state were yet to repay their loans. “Lack of repayment of the loans has brought  setback  to the programme thereby affecting chances of more farmers to benefit from the facility. “So, we have set machinery in motion to recover the loans that was supposed to be paid back within six months,” he added. He appealed to farmers to always repay whatever loan they collected for overall development of the country. On her part, Onerno Obaseki, Assistant Manager, Agricultural Value Chain-Production and Integration Services (AVC-PIS) of NIRSAL PLC, commended stakeholders for their participation and useful suggestions at the meeting. Obaseki  urged farmers to embrace the NIRSAL’s approach to farming as a business to move from peasant to sustainable agribusiness. She assured farmers that if they embrace the approach of farming, it would help in ensuring food security in the country. Responding on behalf of the beneficiaries, Musa Mohammed representing Rice Millers Association of Nigeria, commended NIRSAL for their intervention in the agricultural sector. He added that the intervention had  improved productivity in both farming and processing of harvested produce, while  appealing  for more investment in the sector to enable the country to become self-sufficient in food production. The News Agency of Nigeria reports that the meeting had in attendance farmers from the 13 Local Government Areas of the state, processors and the media among others.  ( (NAN)

  •  Standard Chartered www SC com PLC the Group today published its financial results for the first quarter ending March 31 2022 The Group delivered a strong performance in the first quarter of 2022 in volatile market conditions and challenging with underlying profit before tax rising 5 percent on a constant exchange rate basis Revenue grew 11 percent on a constant currency basis In the Africa and Middle East AME region the Bank posted strong revenue growth and posted the highest quarterly operating profit in nearly a decade The Bank also reaffirmed plans to refocus and streamline its presence in the region to drive the next phase of growth Performance highlights in Africa and the Middle East Solid growth in Operating Income of 59 Operating income for a single quarter exceeded 300 million for the first time in almost a decade Significant improvement in the region s Return on Tangible Capital ROTE ratio to 13 2 Growth revenue growth of 16 in constant currency driven by broad based growth across all products Cost discipline continued resulting in a revenue to cost difference of 9 Geographic Highlights Strong growth in major markets such as the United Arab Emirates Pakistan Kenya Ghana and Saudi Arabia Commenting on the results Sunil Kaushal Regional Managing Director for Africa and the Middle East said Following record financial performance in Africa and the Middle East in 2021 I am extremely proud to share that we have achieved another record performance in the first quarter of the year This growth has been the result of our team s hard work and commitment coupled with executing on some tough decisions we made to drive efficiencies and reduce risk This outstanding performance was primarily driven by 16 growth in revenue across the board in our key markets and a strong focus on costs resulting in strong operating profit growth of 59 As we move forward the region is focused on quickly executing the bank s strategy to drive our next phase of growth while also streamlining our footprint seamlessly We are excited about the scale of opportunities across the region such as Egypt and Saudi Arabia and continue to invest in digital capabilities across the region I would like to thank my esteemed colleagues for their continued dedication and team spirit during this quarter as we remain determined to support our customers and help them achieve prosperity while remaining the most responsible and sustainable bank Sunil concluded nbsp
    Standard Chartered Bank reports a record first quarter performance in the Africa, Middle East region
     Standard Chartered www SC com PLC the Group today published its financial results for the first quarter ending March 31 2022 The Group delivered a strong performance in the first quarter of 2022 in volatile market conditions and challenging with underlying profit before tax rising 5 percent on a constant exchange rate basis Revenue grew 11 percent on a constant currency basis In the Africa and Middle East AME region the Bank posted strong revenue growth and posted the highest quarterly operating profit in nearly a decade The Bank also reaffirmed plans to refocus and streamline its presence in the region to drive the next phase of growth Performance highlights in Africa and the Middle East Solid growth in Operating Income of 59 Operating income for a single quarter exceeded 300 million for the first time in almost a decade Significant improvement in the region s Return on Tangible Capital ROTE ratio to 13 2 Growth revenue growth of 16 in constant currency driven by broad based growth across all products Cost discipline continued resulting in a revenue to cost difference of 9 Geographic Highlights Strong growth in major markets such as the United Arab Emirates Pakistan Kenya Ghana and Saudi Arabia Commenting on the results Sunil Kaushal Regional Managing Director for Africa and the Middle East said Following record financial performance in Africa and the Middle East in 2021 I am extremely proud to share that we have achieved another record performance in the first quarter of the year This growth has been the result of our team s hard work and commitment coupled with executing on some tough decisions we made to drive efficiencies and reduce risk This outstanding performance was primarily driven by 16 growth in revenue across the board in our key markets and a strong focus on costs resulting in strong operating profit growth of 59 As we move forward the region is focused on quickly executing the bank s strategy to drive our next phase of growth while also streamlining our footprint seamlessly We are excited about the scale of opportunities across the region such as Egypt and Saudi Arabia and continue to invest in digital capabilities across the region I would like to thank my esteemed colleagues for their continued dedication and team spirit during this quarter as we remain determined to support our customers and help them achieve prosperity while remaining the most responsible and sustainable bank Sunil concluded nbsp
    Standard Chartered Bank reports a record first quarter performance in the Africa, Middle East region
    Africa9 months ago

    Standard Chartered Bank reports a record first quarter performance in the Africa, Middle East region

    Standard Chartered (www.SC.com) PLC (the Group) today published its financial results for the first quarter ending March 31, 2022. The Group delivered a strong performance in the first quarter of 2022 in volatile market conditions and challenging, with underlying profit before tax rising 5 percent on a constant exchange rate basis. Revenue grew 11 percent on a constant currency basis. In the Africa and Middle East (“AME”) region, the Bank posted strong revenue growth and posted the highest quarterly operating profit in nearly a decade. The Bank also reaffirmed plans to refocus and streamline its presence in the region to drive the next phase of growth. Performance highlights in Africa and the Middle East: Solid growth in Operating Income of 59% Operating income for a single quarter exceeded $300 million, for the first time in almost a decade Significant improvement in the region's Return on Tangible Capital (ROTE) ratio, to 13.2% Growth revenue growth of 16% in constant currency, driven by broad-based growth across all products Cost discipline continued, resulting in a revenue-to-cost difference of 9% Geographic Highlights: Strong growth in major markets such as the United Arab Emirates, Pakistan, Kenya, Ghana and Saudi Arabia Commenting on the results, Sunil Kaushal, Regional Managing Director for Africa and the Middle East, said: “Following record financial performance in Africa and the Middle East in 2021, I am extremely proud to share that we have achieved another record performance in the first quarter. of the year. This growth has been the result of our team's hard work and commitment, coupled with executing on some tough decisions we made to drive efficiencies and reduce risk. This outstanding performance was primarily driven by 16% growth in revenue across the board in our key markets and a strong focus on costs, resulting in strong operating profit growth of 59%. As we move forward, the region is focused on quickly executing the bank's strategy to drive our next phase of growth, while also streamlining our footprint seamlessly. We are excited about the scale of opportunities across the region, such as Egypt and Saudi Arabia, and continue to invest in digital capabilities across the region. I would like to thank my esteemed colleagues for their continued dedication and team spirit during this quarter as we remain determined to support our customers and help them achieve prosperity while remaining the most responsible and sustainable bank." Sunil concluded.  

  •   The Abuja Electricity Distribution Company AEDC on Thursday sought an out of court settlement in a lawsuit filed against it a lawyer over allegations bordering on epileptic power supply An AEDC legal officer Morayo Yedoni told Judge Mariya Ismail of a Niger State High Court based in Suleja shortly after the case was mentioned with the lawsuit number NSHC SD 27 2022 The Nigerian News Agency reported on March 8 that Abdullahi in an original summons dated and filed on March 4 had taken AEDC to court demanding compensation of N200 million for alleged poor services It also asked the court to order alternatively a period of six months without a bill for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply reports that Abdullahi had sued AEDC defendant on behalf of electricity consumers in Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paolosa and Kwankwashe the entire Local Government of Suleja When the matter was called although there was no lawyer in court for AEDC defendant Yedoni nevertheless said that he was representing the company He acknowledged receipt of all the processes served on them but pleaded that they would like to settle the matter out of court Abdullahi urged the court to look at the faces of the people who came to court for the proceedings to understand how the people of Suleja felt about AEDC s activities Judge Ismail who at the request of the AEDC dismissed the matter set May 30 as the return date reports that Abdullahi had urged the court to determine whether taking into account the guidelines of the Nigerian Electricity Regulatory Commission NERC and the Electric Power Sector Reform Act of 2005 the plaintiffs who are customers of the defendant They have the right to electricity safe and reliable service and supply If the plaintiffs have the right to enjoy a stable power supply the same in the way that the APC headquarters residence and other places that enjoy 24 hour power supply within Suleja If the plaintiffs are required or obliged to contribute money for the repair and maintenance of transformers owned by AEDC PLC among others Abdullahi however requested nine reliefs should the above issues be resolved in favor of residents of the areas A statement that the defendant having failed in his or her basic duty to provide energy supply safely and reliably without any tangible justification the plaintiff s is are entitled to damages and compensation considering the fact that the charges fees under the plaintiff are imposed on the appearance of bills that the plaintiff pays An order of this honorable court directing the defendants to change and replace transformers in the areas that require new ones and ensure the constant supply of electricity to the inhabitants of the areas in accordance with the guidelines of NERC and the provisions of the Electric Power Sector Reform Law 2005 An order from this honorable court obliging the accused to provide a minimum of 18 hours of electricity supply as agreed with the Executive Governor of the State of Niger An order directing the defendant to pay the plaintiff general damages in the amount of Two Hundred Million Naira alone N200 000 000 00k for the unlawful unjustified and unwarranted interruption of power or the defendant s refusal to supply adequate electricity to the plaintiff who act of the defendants has caused incalculable hardship to the plaintiff Or failing that self ordering six months of bill free period for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply A statement that the dispossession formula is discriminatory against the people of Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Gwazunu Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paulosa Kwankwashe all the Local Government of Suleja among others Source Credit NAN
    AEDC seeks out-of-court settlement in N200m suit
      The Abuja Electricity Distribution Company AEDC on Thursday sought an out of court settlement in a lawsuit filed against it a lawyer over allegations bordering on epileptic power supply An AEDC legal officer Morayo Yedoni told Judge Mariya Ismail of a Niger State High Court based in Suleja shortly after the case was mentioned with the lawsuit number NSHC SD 27 2022 The Nigerian News Agency reported on March 8 that Abdullahi in an original summons dated and filed on March 4 had taken AEDC to court demanding compensation of N200 million for alleged poor services It also asked the court to order alternatively a period of six months without a bill for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply reports that Abdullahi had sued AEDC defendant on behalf of electricity consumers in Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paolosa and Kwankwashe the entire Local Government of Suleja When the matter was called although there was no lawyer in court for AEDC defendant Yedoni nevertheless said that he was representing the company He acknowledged receipt of all the processes served on them but pleaded that they would like to settle the matter out of court Abdullahi urged the court to look at the faces of the people who came to court for the proceedings to understand how the people of Suleja felt about AEDC s activities Judge Ismail who at the request of the AEDC dismissed the matter set May 30 as the return date reports that Abdullahi had urged the court to determine whether taking into account the guidelines of the Nigerian Electricity Regulatory Commission NERC and the Electric Power Sector Reform Act of 2005 the plaintiffs who are customers of the defendant They have the right to electricity safe and reliable service and supply If the plaintiffs have the right to enjoy a stable power supply the same in the way that the APC headquarters residence and other places that enjoy 24 hour power supply within Suleja If the plaintiffs are required or obliged to contribute money for the repair and maintenance of transformers owned by AEDC PLC among others Abdullahi however requested nine reliefs should the above issues be resolved in favor of residents of the areas A statement that the defendant having failed in his or her basic duty to provide energy supply safely and reliably without any tangible justification the plaintiff s is are entitled to damages and compensation considering the fact that the charges fees under the plaintiff are imposed on the appearance of bills that the plaintiff pays An order of this honorable court directing the defendants to change and replace transformers in the areas that require new ones and ensure the constant supply of electricity to the inhabitants of the areas in accordance with the guidelines of NERC and the provisions of the Electric Power Sector Reform Law 2005 An order from this honorable court obliging the accused to provide a minimum of 18 hours of electricity supply as agreed with the Executive Governor of the State of Niger An order directing the defendant to pay the plaintiff general damages in the amount of Two Hundred Million Naira alone N200 000 000 00k for the unlawful unjustified and unwarranted interruption of power or the defendant s refusal to supply adequate electricity to the plaintiff who act of the defendants has caused incalculable hardship to the plaintiff Or failing that self ordering six months of bill free period for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply A statement that the dispossession formula is discriminatory against the people of Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Gwazunu Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paulosa Kwankwashe all the Local Government of Suleja among others Source Credit NAN
    AEDC seeks out-of-court settlement in N200m suit
    General news10 months ago

    AEDC seeks out-of-court settlement in N200m suit

    The Abuja Electricity Distribution Company (AEDC), on Thursday, sought an out-of-court settlement in a lawsuit filed against it, a lawyer, over allegations bordering on epileptic power supply.

    An AEDC legal officer, Morayo Yedoni, told Judge Mariya Ismail of a Niger State High Court based in Suleja, shortly after the case was mentioned with the lawsuit number: NSHC/SD/27/2022 .

    The Nigerian News Agency reported on March 8 that Abdullahi, in an original summons dated and filed on March 4, had taken AEDC to court, demanding compensation of N200 million for alleged poor services.

    It also asked the court to order, alternatively, a period of six months without a bill for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply.

    reports that Abdullahi had sued AEDC (defendant) on behalf of electricity consumers in Dawaki, Mata Akawu, Suleja Club, Maje, Kwamba, Bakasi, Gangare Kwata, Chaza, Emir Palace, Hassan Dallatu, Church Road, Rafin Sanyi, Paolosa and Kwankwashe; the entire Local Government of Suleja.

    When the matter was called, although there was no lawyer in court for AEDC (defendant), Yedoni nevertheless said that he was representing the company.

    He acknowledged receipt of all the processes served on them, but pleaded that they would like to settle the matter out of court.

    Abdullahi urged the court to look at the faces of the people who came to court for the proceedings to understand how the people of Suleja felt about AEDC's activities.

    Judge Ismail, who at the request of the AEDC dismissed the matter, set May 30 as the return date.

    reports that Abdullahi had urged the court to determine whether, taking into account the guidelines of the Nigerian Electricity Regulatory Commission (NERC) and the Electric Power Sector Reform Act of 2005, the plaintiffs, who are customers of the defendant, They have the right to electricity. safe and reliable service and supply.

    “If the plaintiffs have the right to enjoy a stable power supply, the same in the way that the APC headquarters residence and other places that enjoy 24-hour power supply within Suleja.

    “If the plaintiffs are required or obliged to contribute money for the repair and maintenance of transformers owned by AEDC PLC”, among others.

    Abdullahi, however, requested nine reliefs should the above issues be resolved in favor of residents of the areas.

    “A statement that the defendant, having failed in his or her basic duty to provide energy supply safely and reliably, without any tangible justification, the plaintiff(s) is (are) entitled to damages and compensation considering the fact that the charges/fees under the plaintiff are imposed on the appearance of bills that the plaintiff pays.

    “An order of this honorable court directing the defendants to change and replace transformers in the areas that require new ones and ensure the constant supply of electricity to the inhabitants of the areas in accordance with the guidelines of NERC and the provisions of the Electric Power Sector Reform Law, 2005.

    “An order from this honorable court obliging the accused to provide a minimum of 18 hours of electricity supply as agreed with the Executive Governor of the State of Niger.

    “An order directing the defendant to pay the plaintiff general damages in the amount of Two Hundred Million Naira alone (N200,000,000.00k) for the unlawful, unjustified and unwarranted interruption of power or the defendant's refusal to supply adequate electricity to the plaintiff who act of the defendants has caused incalculable hardship to the plaintiff.

    “Or failing that, self-ordering six months of bill-free period for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply.

    “A statement that the dispossession formula is discriminatory against the people of Dawaki, Mata Akawu, Suleja Club, Maje, Kwamba, Bakasi, Gangare Kwata, Chaza, Gwazunu, Emir Palace, Hassan Dallatu, Church Road, Rafin Sanyi, Paulosa, Kwankwashe; all the Local Government of Suleja”, among others.

    Source Credit: NAN

  •   A lawyer Musa Abdullahi has dragged in the Abuja Electricity Distribution Company AEDC demanding compensation of N200 million for allegations bordering on epileptic power supply Abdullahi who filed the lawsuit marked NSHC SD 27 2022 also begged the court to issue an order in the alternative ordering a period of six months without a bill for the plaintiff as compensation for the entire period of unwarranted power interruption The Nigerian News Agency reports that the original summons dated and served on March 4 was served before Judge Mariya Ismail of a Niger State High Court based in Suleja Niger State reports that Abdullahi is suing AEDC defendant on behalf of electricity consumers in Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paolosa and Kwankwashe the entire Local Government of Suleja The lawyer urged the court to determine whether taking into account the guidelines of the Nigerian Electricity Regulatory Commission NERC and the Electric Power Sector Reform Act of 2005 the plaintiff being customers of the defendant is entitled to the service of electricity and supply safely and reliably If the plaintiffs have the right to enjoy a stable electricity supply in the same way as the residence of the APC headquarters and other places that enjoy 24 hour electricity supply within Suleja If the plaintiffs are obliged or under any obligation to contribute money for the repair and maintenance of the transformers owned by AEDC PLC If the defendant having failed in his basic duty of adequate distribution and provision of electricity supply to the plaintiff without any reasonable justification the plaintiff is not entitled to damages and compensation notwithstanding the charges fees imposed on him Whether the plaintiff is entitled to receive notice of power outage for long hours prior to such outage Can the eight hours of daily power supply be described as safe and reliable or not as contemplated in the NERC guide on the relationship with the client Abdullahi however requested nine reliefs should the above issues be resolved in favor of residents of the areas A statement in line with the NERC guideline and the provision of the Electric Power Sector Reform Act of 2005 that the plaintiffs who are customers of the defendants have a right to the safe and reliable service and supply of electricity A statement that the plaintiffs have the right to enjoy a stable electricity supply in the same way that the APC quarters residence enjoys a stable power supply without any indiscriminate supply and supply of power to each part of Suleja Declaration that the plaintiff and the persons represented are not required to contribute money for the purchase repair and maintenance of the transformers owned by the defendant A statement that the defendant having failed in his or her basic duty to provide energy supply safely and reliably without any tangible justification the plaintiff s is are entitled to damages and compensation considering the fact that the charges fees under the plaintiff are imposed on the appearance of bills that the plaintiff pays An order of this honorable court directing the defendants to change and replace transformers in the areas that require new ones and ensure the constant supply of electricity to the inhabitants of the areas in accordance with the guidelines of NERC and the provisions of the Electric Power Sector Reform Law 2005 An order from this honorable court obliging the accused to provide a minimum of 18 hours of electricity supply as agreed with the Executive Governor of the State of Niger An order directing the defendant to always notify the plaintiff of any extended power outage in excess of 4 hours on any or all of their social media platform whether daily newspapers or electronic media An order directing the defendant to pay the plaintiff general damages in the sum of two hundred million naira alone N200 000 000 00k for the unjustified unjustified and unjustified interruption of electricity supply or the defendant s refusal to supply electricity appropriate to the plaintiff whose act of the defendants has caused incalculable hardship to the plaintiff Or failing that self ordering six months of bill free period for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply A statement that the dispossession formula is discriminatory against the people of Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Gwazunu Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paulosa Kwankwashe the entire Local Government of Suleja In the affidavit of support submitted by Abdullahi also a resident of Suleja and a consumer of the services provided the lawyer said that he had always personally pleaded with many aggrieved youth to drop the idea of protest to avoid breaking the law and order they are not happy with the service provided to them He said that the epileptic constant supply of electrical energy had forced many artisans legal entities and locals to resort to the use of generator sets He said that thousands of people who were unable to acquire a generator set had lost in the operation of their businesses which had negatively affected their standard of living and gradually led to bankruptcy He said the generator sets also caused an environmental hazard and a serious health threat Abdullahi however claimed that selected areas such as APC Quarters Kaduna Road and parts of PDP Quarters in Suleja received a continuous supply of electricity for almost the entire 24 hours of each day informs that no date has been set for the hearing of the case at the time of filing the report
    Lawyer demands N200m in damages from AEDC for poor services
      A lawyer Musa Abdullahi has dragged in the Abuja Electricity Distribution Company AEDC demanding compensation of N200 million for allegations bordering on epileptic power supply Abdullahi who filed the lawsuit marked NSHC SD 27 2022 also begged the court to issue an order in the alternative ordering a period of six months without a bill for the plaintiff as compensation for the entire period of unwarranted power interruption The Nigerian News Agency reports that the original summons dated and served on March 4 was served before Judge Mariya Ismail of a Niger State High Court based in Suleja Niger State reports that Abdullahi is suing AEDC defendant on behalf of electricity consumers in Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paolosa and Kwankwashe the entire Local Government of Suleja The lawyer urged the court to determine whether taking into account the guidelines of the Nigerian Electricity Regulatory Commission NERC and the Electric Power Sector Reform Act of 2005 the plaintiff being customers of the defendant is entitled to the service of electricity and supply safely and reliably If the plaintiffs have the right to enjoy a stable electricity supply in the same way as the residence of the APC headquarters and other places that enjoy 24 hour electricity supply within Suleja If the plaintiffs are obliged or under any obligation to contribute money for the repair and maintenance of the transformers owned by AEDC PLC If the defendant having failed in his basic duty of adequate distribution and provision of electricity supply to the plaintiff without any reasonable justification the plaintiff is not entitled to damages and compensation notwithstanding the charges fees imposed on him Whether the plaintiff is entitled to receive notice of power outage for long hours prior to such outage Can the eight hours of daily power supply be described as safe and reliable or not as contemplated in the NERC guide on the relationship with the client Abdullahi however requested nine reliefs should the above issues be resolved in favor of residents of the areas A statement in line with the NERC guideline and the provision of the Electric Power Sector Reform Act of 2005 that the plaintiffs who are customers of the defendants have a right to the safe and reliable service and supply of electricity A statement that the plaintiffs have the right to enjoy a stable electricity supply in the same way that the APC quarters residence enjoys a stable power supply without any indiscriminate supply and supply of power to each part of Suleja Declaration that the plaintiff and the persons represented are not required to contribute money for the purchase repair and maintenance of the transformers owned by the defendant A statement that the defendant having failed in his or her basic duty to provide energy supply safely and reliably without any tangible justification the plaintiff s is are entitled to damages and compensation considering the fact that the charges fees under the plaintiff are imposed on the appearance of bills that the plaintiff pays An order of this honorable court directing the defendants to change and replace transformers in the areas that require new ones and ensure the constant supply of electricity to the inhabitants of the areas in accordance with the guidelines of NERC and the provisions of the Electric Power Sector Reform Law 2005 An order from this honorable court obliging the accused to provide a minimum of 18 hours of electricity supply as agreed with the Executive Governor of the State of Niger An order directing the defendant to always notify the plaintiff of any extended power outage in excess of 4 hours on any or all of their social media platform whether daily newspapers or electronic media An order directing the defendant to pay the plaintiff general damages in the sum of two hundred million naira alone N200 000 000 00k for the unjustified unjustified and unjustified interruption of electricity supply or the defendant s refusal to supply electricity appropriate to the plaintiff whose act of the defendants has caused incalculable hardship to the plaintiff Or failing that self ordering six months of bill free period for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply A statement that the dispossession formula is discriminatory against the people of Dawaki Mata Akawu Suleja Club Maje Kwamba Bakasi Gangare Kwata Chaza Gwazunu Emir Palace Hassan Dallatu Church Road Rafin Sanyi Paulosa Kwankwashe the entire Local Government of Suleja In the affidavit of support submitted by Abdullahi also a resident of Suleja and a consumer of the services provided the lawyer said that he had always personally pleaded with many aggrieved youth to drop the idea of protest to avoid breaking the law and order they are not happy with the service provided to them He said that the epileptic constant supply of electrical energy had forced many artisans legal entities and locals to resort to the use of generator sets He said that thousands of people who were unable to acquire a generator set had lost in the operation of their businesses which had negatively affected their standard of living and gradually led to bankruptcy He said the generator sets also caused an environmental hazard and a serious health threat Abdullahi however claimed that selected areas such as APC Quarters Kaduna Road and parts of PDP Quarters in Suleja received a continuous supply of electricity for almost the entire 24 hours of each day informs that no date has been set for the hearing of the case at the time of filing the report
    Lawyer demands N200m in damages from AEDC for poor services
    Economy11 months ago

    Lawyer demands N200m in damages from AEDC for poor services

    A lawyer, Musa Abdullahi, has dragged in the Abuja Electricity Distribution Company (AEDC), demanding compensation of N200 million for allegations bordering on epileptic power supply.

    Abdullahi, who filed the lawsuit marked: NSHC/SD/27/2022, also begged the court to issue an order, in the alternative, ordering a period of six months without a bill for the plaintiff as compensation for the entire period of unwarranted power. interruption.

    The Nigerian News Agency reports that the original summons, dated and served on March 4, was served before Judge Mariya Ismail of a Niger State High Court based in Suleja, Niger State.

    reports that Abdullahi is suing AEDC (defendant) on behalf of electricity consumers in Dawaki, Mata Akawu, Suleja Club, Maje, Kwamba, Bakasi, Gangare Kwata, Chaza, Emir Palace, Hassan Dallatu, Church Road, Rafin Sanyi, Paolosa and Kwankwashe; the entire Local Government of Suleja.

    The lawyer urged the court to determine whether taking into account the guidelines of the Nigerian Electricity Regulatory Commission (NERC) and the Electric Power Sector Reform Act of 2005, the plaintiff, being customers of the defendant, is entitled to the service of electricity and supply safely and reliably.

    “If the plaintiffs have the right to enjoy a stable electricity supply in the same way as the residence of the APC headquarters and other places that enjoy 24-hour electricity supply within Suleja.

    “If the plaintiffs are obliged or under any obligation to contribute money for the repair and maintenance of the transformers owned by AEDC PLC?

    “If the defendant, having failed in his basic duty of adequate distribution and provision of electricity supply to the plaintiff without any reasonable justification, the plaintiff is not entitled to damages and compensation notwithstanding the charges/fees imposed on him?

    “Whether the plaintiff is entitled to receive notice of power outage for long hours prior to such outage?

    “Can the eight hours of daily power supply be described as safe and reliable or not as contemplated in the NERC guide on the relationship with the client?”

    Abdullahi, however, requested nine reliefs should the above issues be resolved in favor of residents of the areas.

    “A statement in line with the NERC guideline and the provision of the Electric Power Sector Reform Act of 2005 that the plaintiffs, who are customers of the defendants, have a right to the safe and reliable service and supply of electricity .

    “A statement that the plaintiffs have the right to enjoy a stable electricity supply in the same way that the APC quarters residence enjoys a stable power supply without any indiscriminate supply and supply of power to each part of Suleja.

    “Declaration that the plaintiff (and the persons represented) are not required to contribute money for the purchase, repair and maintenance of the transformers owned by the defendant.

    “A statement that the defendant, having failed in his or her basic duty to provide energy supply safely and reliably, without any tangible justification, the plaintiff(s) is (are) entitled to damages and compensation considering the fact that the charges/fees under the plaintiff are imposed on the appearance of bills that the plaintiff pays.

    “An order of this honorable court directing the defendants to change and replace transformers in the areas that require new ones and ensure the constant supply of electricity to the inhabitants of the areas in accordance with the guidelines of NERC and the provisions of the Electric Power Sector Reform Law, 2005.

    “An order from this honorable court obliging the accused to provide a minimum of 18 hours of electricity supply as agreed with the Executive Governor of the State of Niger.

    “An order directing the defendant to always notify the plaintiff of any extended power outage in excess of 4 hours on any or all of their social media platform, whether daily newspapers or electronic media.

    “An order directing the defendant to pay the plaintiff general damages in the sum of two hundred million naira alone (N200,000,000.00k) for the unjustified, unjustified and unjustified interruption of electricity supply or the defendant's refusal to supply electricity appropriate to the plaintiff whose act of the defendants has caused incalculable hardship to the plaintiff,

    “Or failing that, self-ordering six months of bill-free period for the plaintiff as compensation for the entire period of unjustified interruption of the electricity supply.

    “A statement that the dispossession formula is discriminatory against the people of Dawaki, Mata Akawu, Suleja Club, Maje, Kwamba, Bakasi, Gangare Kwata, Chaza, Gwazunu, Emir Palace, Hassan Dallatu, Church Road, Rafin Sanyi, Paulosa, Kwankwashe; the entire Local Government of Suleja.”

    In the affidavit of support submitted by Abdullahi, also a resident of Suleja and a consumer of the services provided, the lawyer said that he had "always personally pleaded with many aggrieved youth to drop the idea of ​​protest to avoid breaking the law and order". they are not happy with the service provided to them.”

    He said that the epileptic constant supply of electrical energy had forced many artisans, legal entities and locals to resort to the use of generator sets.

    He said that thousands of people who were unable to acquire a generator set had lost in the operation of their businesses, which had negatively affected their standard of living and gradually led to bankruptcy.

    He said the generator sets also caused an environmental hazard and a serious health threat.

    Abdullahi, however, claimed that selected areas such as APC Quarters, Kaduna Road and parts of PDP Quarters in Suleja received a continuous supply of electricity for almost the entire 24 hours of each day.

    informs that no date has been set for the hearing of the case at the time of filing the report.

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