Judiciary

Woman, daughter in court for allegedly challenging neighbour to fight a duel,

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A 50-year-old woman, Yetunde Dada and her 22-year-old old daughter, Tolu, on Friday appeared in an Ikeja Chief Magistrates’ Court for allegedly challenging a neighbour to fight a duel.


The police charged Dada and her daughter, who reside at No. 5 Abiodun Sobanjo St., Agidingbi in Ikeja, with misdemeanour, breach of peace and challenging another to fight a duel.

They pleaded not guilty to the charges.

The Prosecution Counsel, Insp. Victor Eruada, told the court that the defendants conducted themselves in a manner likely to cause breach of peace by using a megaphone to call the complainant, Mr Akin Fagbohun names.

Eruada told the court that the defendants committed the offence with others, who are at large on Aug. 7 at their residence.

He said the defendants conspired and challenged the complainant to a fight, following a disagreement.

The defendants, he alleged, provoked breach of peace by using a megaphone on the street to say unprintable words to the complainant.

Chief Magistrate M. O. Tanimola, granted the defendants bail in the sum of N50, 000 each with one surety each in like sum.

Tanimola ordered that the surety must be gainfully employed and has evidence of two years’ tax payment to the Lagos State Government.

He said that the offence contravened the provisions of sections 55, 57 and 168 of the Criminal Law of Lagos State 2015, as revised.

Challenging to fight a duel is punishable with one year jail term while breach of peace attracts six months imprisonment for offenders.

Tanimola adjourned the case until Oct. 5 for mention.

Edited By: Sadiya Hamza
Source: NAN

https://nnn.ng/woman-daughter-in-court-for-allegedly-challenging-neighbour-to-fight-a-duel/

COVID-19

NCDC announces 195 new COVID-19 cases, death toll hits 1,100

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The Nigeria Centre for Disease Control (NCDC) has announced 195 new cases of the Coronavirus (COVID-19) infection in the country.


The NCDC made this known on its official twitter handle on Monday.

According to the agency, the new infection takes the total number of confirmed cases in the country to 57,437.

The health agency sadly reported two new deaths raising the death toll in the country to 1,100.

It also reported that 105 patients who had been treated and had also recovered from the infection were discharged across the country.

The NCDC said that Enugu State recorded the highest number of new cases with 51, followed by Gombe with 40, Lagos with 39, Plateau with 23, and the Federal Capital Territory (FCT),  with 15.

Among other states that recorded new cases were  Rivers (12), Kaduna (8), Ondo (3), Bauchi (2), Edo (1), and Ogun (1).

According to the agency, till  date, 57,437 cases have been confirmed, 48,674 cases have been discharged and 1100 deaths have been recorded in 36 states and the FCT.

The health agency said a multi-sectoral national emergency operation centre (EOC) activated at Level three, had continued  to coordinate the national response activities across the country.

Meanwhile, the agency has warned that majority of Nigerian states were not testing enough.

It said, “We do not have enough data coming out of these states to ascertain if we are improving or not or where exactly we are.

“So we have to work together; in summary, it is way too early to make any interpretation whether we are flattening the curve or not.”

The NCDC appealed to more states to test consistently so that progress could be monitored on a national level.

Edited By: Ejike Obeta
Source: NAN

https://nnn.ng/ncdc-announces-195-new-covid-19-cases-death-toll-hits-1100/
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Economy

NSE, others commit to expanding retail investment opportunities in capital market

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The Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday commited to expanding retail investment opportunities in the capital market.


The trio made the commitment at a webinar organised by the NSE in collaboration with the NISL in Lagos.

It was also supported by the CIS and the Association of Securities Dealing Houses of Nigeria (ASHON).

The News Agency of Nigeria reports that the webinar was on “Capital Market Investing in a Digital Age”.

Mr Oscar Onyema, Chief Executive Officer, NSE, in his address, said that investor participation was crucial to sustainable economic growth.

Onyema said that the Exchange was committed to playing its role in advancing the Federal Government’s financial inclusion goals.

“Investor participation is central to the growth of sustainable development of any economy.

NSE is committed to playing a critical role in the advancement of the FG’s financial inclusion goals.

“As part of our efforts to realise the objectives of the financial inclusion, we intend to facilitate conversations which will serve to equip existing and potential investors with the necessary skill to effectively manage and grow financial resources at their disposal.

“In these engagements, we will also expand the retail investment opportunities available in the capital market and the channels through which they can be accessed,” Onyema said.

The CEO of the Exchange also hailed operators and investors in the capital market for their resilience, with the COVID-19 pandemic.

“The outbreak of COVID-19 adversely affected the global economy in many ways and at different magnitude.

“The Nigerian capital market was also negatively affected, with the market witnessing a downturn in Q1 of this year.

“However, the market rebounded in Q2 and as a result the NSE all share index has recorded a 18.9 per cent increase from its position at the end of March.

“The market also witnessed the growth in the percentage value of equity transactions contributed by retail investors, currently at 29 per cent from 21.8 per cent in 2018 and 24.72 per cent in 2019,” he said.

According to him, these highlight the market’s resilience in time of adversity and is a testament of market stakeholders’ ability to adapt.

Onyema said that digital technology played a significant role in achieving the positive results recorded in the NSE so far.

He said that technology had helped to make significant services more easily accessible.

Mr Laolu Martins, Managing Director and Chief Executive Officer, NISL, said that it had become imperative to ensure that retail investors were made aware of the opportunities inherent in the capital market.

Martins said that for retail investors, navigating through the web of processes in the capital market was usually difficult, thereby discouraging them from investing.

He said: “The general belief is that retail investors are often left behind and do not have enough knowledge on the workings of the capital market.

“It is interesting to note that the NSE has over the years taken time and work to ensure that retail investors are carried along and aware of the various opportunities inherent in the NSE.

NISL is a securities trading company, financial advisory service, offering consulting solutions to corporate bodies across the value of activities on the stock exchange.

“In order to invest properly, all investors need to carry out some sort of financial planning, no matter how small or big.

“We realised that for retail investors, it is usually difficult for them to navigate through these web of processes and other issues that create a bottleneck or discourage investors.”

Martins said that some processes that create difficulties for investors include budgeting, investment, savings, risk management and liquidity management.

“At NISL, we have enough expertise to ensure that we help our investors navigate through this web of terms and processes to ensure that their investment is rewarding,” he said.

Martins said the reason for the webinar was to expose some of the investment opportunities for retail investors.

“This webinar is to enlighten the investing public, retail investors, that they can buy bonds in the NSE and it is like lending your money to a company or a government entity.

“It is advisable that retail investors should approach their stockbrokers to guide them in which bond they should invest in,” he said.

Mr Femi Balogun, Head, Market services Department, NSE, spoke on the importance of market data in guiding investors’ decision.

“Market data is important to the investment of an intending investor.

“Some people are good at picking stocks, but If you use data to drive your decision in conjunction with your expertise, you make a better informed decision on your investment,” he said.

Mr Olatunde Amolegbe, President of CIS, commended the NSE, while pledging the Institute’s continued support to drive an inclusive financial system.

Amolegbe said that the Exchange had always provided avenues that would support and ensure a seamless investing process for retail and other investors.

Edited By: Tayo Ikujuni/Oluwole Sogunle
Source: NAN

https://nnn.ng/nse-others-commit-to-expanding-retail-investment-opportunities-in-capital-market/
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Politics

Tinubu hails wife at 60

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Sen. Bola Tinubu, National Leader, All Progressives Congress (APC), has felicitated with his wife, Sen. Oluremi Tinubu, as she clocks 60.


Tinubu, in a tribute on Monday in Lagos, praised the Sen. representing Lagos Central Senatorial District for her perseverance, endurance and independent character.

He appreciated her commitment, humanitarian care for both young, the elderly and the needy, especially for the people of her senatorial district.

The APC leader described Sen. Tinubu as her greatest friend, ally and supporter even at mostly difficult times.

“We are a living symbol of love, care, perseverance and commitment. There are so many moments, twists and turns in our lives.

“During the dark days when democracy was assaulted in this country, we suffered a lot, the family suffered and as a result of that, she was in America while I was criss-crossing Europe.

“It was a very trying period for every one of us as my wife single handedly raised our children.

“We endured and got through all the turbulence and today we are still in positions to serve our nation and serve our people,” he said

The former governor of Lagos who expressed happiness as his wife attained 60, thanked God for sparing their lives and preserving their love together.

“This moment when Nigeria is 60, my wife is also 60. It is a wonderful thing.

“We mark the day with soberness. Soberness because many people pray to live to see today but they could not.

“The pandemic has taken away some of our friends, those close to us.

“Today, some people are still lying critically ill in the hospital. Some children have become orphans as a result of what is happening around the country.

“So, it is a sombre celebration on the occasion of her 60th.

“For Nigeria, turning 60 is also a moment for reflection about all that we have been through and where we are,” he said

Tinubu added that he wished his wife to live longer and for her legacy to be great.

“My wish is for her to live longer, for her legacy to be great, be in good health and continue to enjoy the fruit of her labour.

“I pray she enjoys her children, grandchildren and for all of us to live in good health,” he said.

Edited By: Wale Ojetimi
Source: NAN

https://nnn.ng/tinubu-hails-wife-at-60/
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COVID-19

NCAA to revoke erring airlines license over non-compliance with COVID-19 protocols

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The Nigerian Civil Aviation Authority (NCAA) has threatened to revoke the license of domestic airline operators over non-compliance with the COVID-19 protocols of the Federal Government.


The NCAA Director General, Mr Musa Nuhu, issued the warning in a letter to all operators (DG39/20) with reference /11/16/267, dated Sept. 21, on Monday in Lagos.

The News Agency of Nigeria reports that the title of the letter was “Non-Compliance with COVID-19 Protocols’’.

Nuhu said the warning was necessary because some domestic airlines had been flouting the protocols.

The director general added that continuity in that line would attract severe penalties, including revocation of approval.

According to him, the continuous non-compliance with the COVID-19 protocols will attract severe penalties up to and including cancellation of approval to resume domestic operations.

He said: “It has been brought to the notice of the Nigerian Civil Aviation Authority that some domestic airline operators have not been complying with the COVID-19 protocols.

“These protocols were released through All Operators Letter (AOL) DG035/20 ref. / 11/16/260, dated Sept. 4 and an Advisory Circular (AC) NCAA-AC-AMS-006, also dated Sept. 4.

“Approval for resumption of domestic operations are predicated on compliance with the above protocols.”

Nuhu added that this was a warning to all domestic operators who were not in compliance to desist from such acts immediately.

Edited By: Idonije Obakhedo
Source: NAN

 

 

https://nnn.ng/ncaa-to-revoke-erring-airlines-license-over-non-compliance-with-covid-19-protocols/
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