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CBN AND IFC SIGN $1 BILLION AGREEMENT TO BOOST LOCAL CURRENCY FINANCING IN NIGERIA

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CBN AND IFC SIGN $1 BILLION AGREEMENT TO BOOST LOCAL CURRENCY FINANCING IN NIGERIA
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The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed an agreement to enhance local currency financing in Nigeria through a $1 billion investment.

Announced in Washington DC, this partnership aims to improve financing opportunities for private businesses across key sectors in Nigeria, including agriculture, housing, infrastructure, energy, small and medium enterprises, and the youth economy.

The IFC detailed in a statement that this collaboration will enable it to manage currency risks while increasing investments in Nigerian Naira, ultimately fostering sustainable economic growth. The goal is to provide over $1 billion in financing in the coming years, specifically targeting sectors that require local currency funding.

CBN Governor, Mr. Yemi Cardoso, hailed the partnership as a “pioneering initiative” that will unlock critical long-term local currency financing for Nigerian businesses. He stated, “This collaboration marks significant progress in the CBN’s commitment to delivering innovative development initiatives through reputable third-party service providers, moving beyond traditional intervention programs. It will serve as a catalyst for economic growth and advance the Federal Government’s agenda for economic diversification.”

IFC Managing Director Mr. Makhtar Diop emphasized the importance of expanding access to affordable local currency financing for small businesses in Nigeria, noting that this is essential to meet the growing demand for diverse funding options and to better manage currency risk. He affirmed, “Our partnership with the Central Bank of Nigeria will enhance lending in Nigerian Naira, fostering economic growth and creating jobs across the country.”

With an active portfolio of $2.13 billion in Nigeria—the second largest in Africa—the IFC continues to prioritize local currency financing. Diop assured that the IFC will leverage innovative financial instruments and partnerships to address the demand for increased local currency financing in emerging markets.

As the largest global development institution focused on the private sector in emerging markets, the IFC works across more than 100 countries. In fiscal year 2024, the IFC committed a record $56 billion to private companies and financial institutions in developing countries, aiming to create sustainable opportunities and alleviate poverty.

GUNMEN ABDUCT RECTOR OF IMMACULATE CONCEPTION MINOR SEMINARY IN EDO STATE

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GUNMEN ABDUCT RECTOR OF IMMACULATE CONCEPTION MINOR SEMINARY IN EDO STATE
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The Catholic Diocese of Auchi confirmed on Monday that gunmen, suspected to be herdsmen, attacked the Immaculate Conception Minor Seminary in Ivhianokpodi, Agenebode, Etsako East Local Government Area of Edo State, abducting the seminary’s Rector, Rev. Fr. Thomas Oyode.

The incident occurred around 7 p.m. on Sunday during evening prayers and Benediction, with priests and seminarians present at the time. Reports indicate that the attackers stormed the seminary and forcibly took Rev. Fr. Oyode, leading him into a nearby bush.

A statement titled “Diocesan Minor Seminary Attacked, Rector, Rev. Fr. Thomas Oyode Abducted,” signed by Rev. Fr. Peter Egielewa, Director of Communications for the Catholic Diocese of Auchi, confirmed the details of the attack. The statement read: “The Catholic Diocese of Auchi announces that at about 7 p.m. on Sunday, 27th of October 2024, the priests and seminarians of the Immaculate Conception Minor Seminary, Ivhianokpodi, Etsako East LGA of Edo State, were attacked by gunmen during their evening prayers and Benediction. In the process, the Rector of the institution, Rev. Fr. Thomas Oyode, was abducted and led into the bush.”

According to the Diocese, the Vice Rector and all seminarians were unharmed and have been temporarily relocated to a safe area while security measures around the seminary are heightened. As of now, no communication has been established with the abductors.

Law enforcement agencies have been notified of the incident, and the Diocese is urging prayers for the safe return of Rev. Fr. Oyode. The statement also emphasized the seminary’s importance, established by Most Rev. Dr. Gabriel Dunia, Bishop of Auchi, in 2006, to train future priests, with over 500 graduates to date.

The Assistant Inspector General of Police in charge of Zone 5, Benin, AIG Arungwa Nwazue, stated that he would travel to Agenebode immediately to oversee the investigation and assess the situation on the ground.

FEDERAL GOVERNMENT TO ESTABLISH COMMAND AND CONTROL CENTRE FOR IRREGULAR MIGRATION

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FEDERAL GOVERNMENT TO ESTABLISH COMMAND AND CONTROL CENTRE FOR IRREGULAR MIGRATION
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The Federal Government announced on Monday in Abuja its plans to establish a Command and Control Centre aimed at addressing irregular migration into Nigeria. This initiative was disclosed by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, during the induction ceremony for operational officers of the Command and Control Centre for Regular Migration.

Dr. Tunji-Ojo emphasized Nigeria’s pivotal role in migration management within the subregion, noting the country’s unique geographical challenges. “Nigeria does not have the luxury that some other countries have, because of our geographical location. We are in the Sahel region and the Gulf of Guinea. The tendency for migration towards Nigeria from the Sahelian states is there,” he stated.

The minister revealed that the upcoming irregular migration Command and Control Centre would not solely focus on airports but also monitor land and marine borders, ensuring that anyone entering the country is pre-profiled. He mentioned that the president would soon commission electronic gates (e-gates) at international airports, enhancing the screening process.

“This is a scheme where there is no margin of error… Security must be 100 percent accurate and not 99.9 percent because the 0.1 percent inaccuracy can destroy the 99 percent,” he added, highlighting the necessity for continuous power supply to avoid downtime in operations.

Dr. Tunji-Ojo further expressed confidence in the Nigerian Immigration Service (NIS), stating that it has evolved beyond a mere travel document processing agency to a crucial component of Nigeria’s national security architecture. He underscored the importance of the personnel selected for the centre, asserting that their work is vital for national safety.

Kemi Nandap, the Comptroller General of NIS, announced that 123 officers, chosen from an initial pool of 253 candidates after rigorous training, would be tasked with operations at the centre. She explained that these officers would undergo specialized training in data analysis and travel plan analysis, critical for their roles in managing migration.

The Deputy Comptroller General in charge of Border Management, Dr. MC Dike, added that the centre would utilize Advanced Passenger Information (API) and Passenger Name Record (PNR) systems to analyze data related to individuals of interest before they arrive in Nigeria. He highlighted the centre’s potential to align with international best practices in border management, improving overall effectiveness in preventing irregular migration.

UNIVERSITY OF ABUJA STAFF CONTINUE WORK DESPITE NATIONWIDE STRIKE CALL

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UNIVERSITY OF ABUJA STAFF CONTINUE WORK DESPITE NATIONWIDE STRIKE CALL
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Members of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) at the University of Abuja continued their regular duties on Monday, despite a nationwide strike called by their national bodies.

The unions had directed their members in all public universities to embark on an indefinite strike starting October 28, 2024, to protest the non-payment of four months’ withheld salaries. In a statement released on Sunday, SSANU President Mohammed Ibrahim and NASU General Secretary Peters Adeyemi expressed their frustration, highlighting that despite multiple ultimatums, the government had failed to address their concerns. They instructed members to convene joint congresses across campuses on Monday to officially declare the strike.

At the University of Abuja, union executives were seen participating in a congress meeting in line with the national directive, yet members remained at their posts, awaiting any official announcement from their local chapter. Sources indicated that local chapters might decide to proceed with the indefinite strike after their meeting.

Dr. Habib Yakoob, the university’s Director of Public Relations, confirmed that there had been no formal strike declaration as of that moment. “As I speak, I am in my office, and staff are present and working. The SSANU branch at UniAbuja is currently holding a congress to decide on formally declaring the strike. Until they make that decision, work continues as usual,” he stated.

This development follows a prolonged standoff regarding the withheld salaries, with the Joint Action Committee of SSANU and NASU having issued a three-week ultimatum back on September 17, 2023, demanding action from the government.

Top Ten States with the Highest Cooking Gas Prices

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Top Ten States with the Highest Cooking Gas Prices
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In September 2024, the cost of refilling a 12.5kg cooking gas cylinder surged across Nigeria, with significant price variations among states. According to the National Bureau of Statistics (NBS), the average price for a 12.5kg cylinder is highest in the South-East region at ₦16,957.29, followed by the South-West at ₦16,665.45. The North-East has the lowest average price at ₦15,770.75.

The increase in price was notable, with a 4.89% rise from August to September and a staggering 76.41% increase year-on-year, up from ₦9,247.40 in September 2023. Smaller households are also affected, as the cost of a 5kg cylinder has risen by 4.19% month-on-month and 59.9% year-on-year.

  1. Rivers – ₦17,992.86
  2. Gombe – ₦17,942.86
  3. Zamfara – ₦17,475.00
  4. Anambra – ₦17,291.67
  5. Edo – ₦17,271.88
  6. Osun – ₦17,159.09
  7. Enugu – ₦17,053.57
  8. Imo – ₦17,011.76
  9. Abuja – ₦17,001.25
  10. Cross River – ₦16,965.63

This steep increase in cooking gas prices reflects a broader national trend, contributing to the rising cost of living in various regions of Nigeria.

Dufil Prima Foods Hosts 14th Annual Teachers’ Seminar in Lagos

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Dufil Prima Foods Hosts 14th Annual Teachers’ Seminar in Lagos
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In a heartfelt celebration of Nigeria’s educators, Dufil Prima Foods, the makers of Indomie Instant Noodles, held its 14th Annual Teachers’ Seminar at the Nigerian Ports Authority Sports Event Hall in Surulere, Lagos. The event drew over 500 teachers from across the nation, emphasizing Indomie’s commitment to uplifting and supporting educators in their crucial roles in shaping future generations.

Themed “Reinventing the Classroom Through Digital Literacy,” this year’s seminar focused on equipping teachers with essential digital skills necessary for navigating today’s evolving educational landscape. Temitope Ashiwaju, Group Corporate Communications and Events Manager at Dufil Prima Foods, explained the theme, stating, “Classrooms today are evolving rapidly. We wanted this year’s seminar to encourage teachers to adopt digital tools and resources that make learning innovative and accessible. Teachers hold the future in their hands, and we aim to support their growth.”

Reflecting on Indomie’s ongoing commitment, Ashiwaju added that the brand has been dedicated to this initiative for 14 years, recognizing the dedication of teachers and looking forward to future celebrations.

Key speakers at the seminar included Obiora Ngwu, Senior IT Business Analyst and Project Manager, and Miriam Wokocha, a digital technology consultant and motivational trainer. They led a session titled “Understanding the Role of Digital Literacy in Modern Education,” demonstrating how AI and digital tools can enhance learning and engagement.

Mrs. Onatoye Buriamoh Kemi, Director of Education at the Ministry of Education, encouraged teachers to embrace continual learning and innovation, stating, “With or without titles, teachers are special. Value yourselves, keep growing, and guide the next generation confidently through the digital age.”

Throughout the event, teachers shared testimonials about the importance of their profession, with one expressing, “At some point, I was teary because this truly recognizes the value of being a teacher.” Another remarked, “It makes me feel priceless, and today I am proud to say I am an educator.”

Mrs. Faith Joshua, Coordinator of the Indomie Fan Club, added motivational remarks, recognizing teachers as the foundation of all professions and encouraging them to continue their great work with pride and determination.

The seminar featured engaging activities, including games, prizes, and awards for top performers in a nationwide quiz, celebrating excellence among educators. Attendees also enjoyed delicious Indomie noodles as a gesture of appreciation for their dedication. As they left, teachers took home valuable insights, new connections, and a renewed sense of purpose in their vital roles.

MANCHESTER UNITED DISMISSES ERIK TEN HAG AS MANAGER

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MANCHESTER UNITED DISMISSES ERIK TEN HAG AS MANAGER
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Manchester United has officially confirmed the dismissal of Erik ten Hag as manager, following a disappointing 1-0 defeat to West Ham United in the Premier League. This loss marked the end of Ten Hag’s two-and-a-half-year tenure at Old Trafford.

Under his leadership, the team struggled significantly at the start of the 2024–25 season, achieving only three wins from nine league matches. Overall, United managed just four victories in 14 games across all competitions, leaving them in a troubling 14th place in the Premier League table, seven points behind the Champions League qualification spots.

In the wake of Ten Hag’s departure, Manchester United is reportedly considering club legend Ruud van Nistelrooy to take over as interim manager. Van Nistelrooy, who was brought in to assist Ten Hag during the offseason, will lead the team while the existing coaching staff remains in their roles.

Ten Hag joined United in 2022 with high hopes, and his contract was recently extended through 2025. During his tenure, he achieved notable success, including winning the FA Cup against Manchester City. However, after a disappointing eighth-place finish last season—the club’s lowest since 1990—a summer review was conducted by United’s decision-makers, including CEO Omar Berrada, sporting director Dan Ashworth, and technical director Jason Wilcox. Ultimately, they decided to retain Ten Hag, but recent performances led to a reevaluation and his subsequent dismissal.

FAMILY OF HELICOPTER CRASH VICTIM PLEADS FOR BODY RECOVERY

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FAMILY OF HELICOPTER CRASH VICTIM PLEADS FOR BODY RECOVERY
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The family of Mr. Boris Ledum Ndorbu, one of the victims of the tragic Sikorsky SK76 helicopter crash operated by East Wind Aviation last Thursday, is urgently seeking the recovery of his body for a proper burial. Mr. Ndorbu was among the crew members en route to work for the Nigerian National Petroleum Corporation Limited (NNPCL) when the helicopter went down.

His son, Mr. Ledum Light, shared his distressing experience, stating, “I received a call from his employer that afternoon around 3 p.m., informing us of the crash. It was devastating. I had just spoken with my father that morning; he was healthy, sound, and there were no signs of any danger.”

Despite ongoing recovery efforts, Mr. Ndorbu’s body remains missing. “To our knowledge, only three bodies have been recovered, and my father’s is not among them,” Mr. Light noted. He expressed concerns about the effectiveness of the search efforts, emphasizing that “it seems divers are the primary resource deployed, but we believe more advanced infrastructure could assist in locating the bodies.”

Recalling their last conversation, Mr. Light said, “We spoke early that morning. He confirmed he’d received a package I sent home. He mentioned they were at the muster point, preparing to board the helicopter.” The family is now solely focused on bringing Mr. Ndorbu’s body home for closure. “Our primary concern is to recover his body. It’s what’s most precious to us now. We call on relevant authorities to do everything possible to ensure he’s found.”

Mrs. Mbet Ledum, Mr. Ndorbu’s wife, echoed the family’s plea, stating, “We just want to see him, whether dead or alive. He told us he was going to work, and we want him back home. That’s our only priority now.”

The Ndorbu family, along with others affected by the tragedy, continues to call for swift action to retrieve the missing bodies and provide comfort to grieving loved ones, highlighting the urgent need for advanced recovery efforts to ensure proper closure for the victims’ families.

AVIATION GROUND HANDLERS IN NIGERIA PREPARE FOR RATE INCREASES AMID ECONOMIC PRESSURES

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AVIATION GROUND HANDLERS IN NIGERIA PREPARE FOR RATE INCREASES AMID ECONOMIC PRESSURES
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Aviation ground handling companies in Nigeria are reportedly gearing up to raise their service rates, citing that the current prices are no longer sustainable and do not reflect the prevailing economic realities. Industry stakeholders emphasize that the existing rates, which include N70,000 for partial handling of a B737, N100,000 for full handling, and N50,000 for CRJ and Embraer aircraft, are insufficient given the recent increases in domestic airline ticket prices.

NEED FOR ADJUSTMENT

Mr. Olaniyi Adigun, Chairman of the Aviation Ground Handling Association of Nigeria (AGHAN), acknowledged the pressing need for a price adjustment. However, he clarified that the association does not have control over pricing. “Given the current economic climate in Nigeria, there is a need for ground handlers to sustain operations. Our members understand their costs and recognize when it is necessary to adjust rates,” he stated. Adigun pointed out that the rising costs of fuel, equipment, and the need for foreign training—required for certifications like the International Air Transport Association’s (IATA) Safety Audit for Ground Operations (ISAGO)—have made current rates untenable.

A senior official at the Nigerian Aviation Handling Company (NAHCO Aviance), who chose to remain anonymous, echoed these sentiments, stating, “While we’re concerned about the extent of any increase, final rates are subject to NCAA approval. Unfortunately, airlines can increase their prices freely, but our rates require NCAA authorization.”

IMPACT ON THE INDUSTRY

Any new rates will require the approval of the Nigerian Civil Aviation Authority (NCAA), and stakeholders are expressing concerns that without a favorable decision, their operations could become untenable. As they await the NCAA’s decision, there are growing apprehensions about the potential impacts on airlines, consumer fares, and the long-term sustainability of Nigeria’s ground handling services.

This development underscores the ongoing economic challenges faced by the aviation sector, where rising operational costs threaten the viability of ground handling services in the face of fluctuating airline prices. The outcome of the NCAA’s deliberation on proposed rate adjustments will be crucial for the future of the industry.

OUTRAGE AS NIGERIAN LAWMAKER THREATENS BOLT DRIVER IN VIRAL VIDEO

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OUTRAGE AS NIGERIAN LAWMAKER THREATENS BOLT DRIVER IN VIRAL VIDEO
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A disturbing video featuring Alex Ikwechegh, a member of the Nigerian House of Representatives from Abia State, has gone viral, showing him berating and threatening a Bolt driver in Abuja. The footage has drawn widespread condemnation on social media, prompting calls for accountability and a review of the conduct of public officials.

In the video, a heated exchange occurs between Ikwechegh and the driver, who had come to his residence for a ride-hailing service. Ikwechegh can be heard asking, “Do you know where you are? Do you know who I am?” to which the driver responds, “I don’t want to know, just pay me and let me go.” The situation escalates as the driver insists on being compensated for his service, while the lawmaker refuses payment, accusing the driver of “great disrespect” and allegedly labeling him “very, very stupid.” In a shocking moment, Ikwechegh reportedly threatens, “I can make this man disappear in the whole of Nigeria and nothing would happen.”

The incident has sparked outrage online, with many users criticizing what they perceive as an abuse of power by the elected official. Human rights advocates have demanded an investigation into the matter, highlighting the need for accountability in the treatment of service providers by public officials.

As the backlash intensifies, Ikwechegh has yet to publicly address the incident. The ongoing scrutiny raises questions about the implications of such behavior for public trust in elected representatives.

POLICE INVESTIGATION INITIATED

In a related development, the Abuja Police Command announced that it has launched an investigation into an alleged assault involving a Bolt driver and a passenger in the Galadima area on October 24, 2024. According to a statement from the Command, officers responded swiftly to a distress call. The passenger, identified as Brandy Nwatu, was taken into custody, while the driver, Emmanuel Ebhohimen, received medical attention at the Federal Medical Centre in Jabi.

The growing concerns regarding the treatment of service providers, particularly in confrontational situations involving power dynamics, underscore the need for a broader dialogue on public officials’ accountability and respect for individuals in service roles.

COMMUNITY CALLS FOR JUSTICE IN MURDER CASE OF SECURITY GUARD IDOWU KESHIRO

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COMMUNITY CALLS FOR JUSTICE IN MURDER CASE OF SECURITY GUARD IDOWU KESHIRO
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Members of the Igbehin, Agbowa-Ikosi community in Lagos, along with the Keshiro family, have appealed to Governor Babajide Olusola Sanwo-Olu to ensure justice in the alleged murder of Idowu Keshiro, a security guard at the Ikosi-Ejirin Local Council Development Area (LCDA). The plea arises amid claims that some community members were involved in Keshiro’s death and accusations of attempts to subvert the judicial process.

In a petition dated October 18, 2024, submitted through their legal representatives, the Keshiro family expressed concern over attempts to release the suspects unconditionally, despite their arrest and arraignment at the Ogba Magistrate Court. According to a legal advisory from the Lagos State Directorate of Public Prosecution, the suspects—identified as Mukaila Salau (a.k.a. Actor), Abubakar Suleiman Mayaki, Ibrahim Ekemode, and Ahmed Tiamiyu (a.k.a. Fowomeye)—are indicted for conspiracy to commit murder, attempted murder, and related charges.

The petition highlights the family’s fears regarding relatives of the defendants allegedly boasting about their political connections, which they claim could lead to the suspects’ release during the next court sitting on November 26. The petition was also addressed to the Lagos State Attorney General, Chief Judge, and Speaker of the Lagos State House of Assembly.

Akeem Keshiro, the deceased’s elder brother, reported facing threats for pursuing justice for his brother. He stated, “Their thugs have been threatening us, stating they are just waiting for the next court date when the defendants will be released. We urge Governor Sanwo-Olu to intervene and ensure justice is served.”

Community elder Saula Lateef Abatan echoed these sentiments, emphasizing the fear prevailing in the area. Abatan, who suffered injuries from an alleged attack by supporters of the defendants, recalled, “I went to my site on Easter Day and unfortunately ran into a group causing chaos. I was attacked and beaten so badly that I still have difficulty walking.”

The Keshiro family and community members are calling for accountability and justice in light of the alleged attempts to manipulate the legal process surrounding Idowu Keshiro’s murder.

ENUGU POLICE INSPECTOR DISMISSED AND ARRAIGNED FOR MURDER OF OGENE MUSICIAN

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ENUGU POLICE INSPECTOR DISMISSED AND ARRAIGNED FOR MURDER OF OGENE MUSICIAN
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The Enugu State Police Command has completed the orderly room trial of Inspector Ozonwanji Joseph, who was implicated in the murder of Ogene musician Chikezie Okezie Nwamba. According to a statement from the command spokesperson, Daniel Ndukwe, Inspector Ozonwanji was found guilty and has received the maximum penalty of dismissal from the Nigeria Police Force, alongside prosecution in accordance with the Police Act and Regulations 2020.

The Assistant Inspector-General of Police for Zone 13, which encompasses the Anambra and Enugu State commands, approved the recommendations for dismissal and prosecution. Consequently, Inspector Ozonwanji was arraigned on October 28, 2024, at the Enugu East Magistrate Court on murder charges.

Following the arraignment, the Chief Magistrate ordered the former officer to be remanded in the Enugu Correctional Custodial Centre. The case file has been directed to the Attorney General of Enugu State for further judicial action, and the trial has been adjourned to November 12, 2024. This development highlights the ongoing commitment of law enforcement agencies to uphold accountability and justice within their ranks.

UNIVERSITY OF NIGERIA NSUKKA LECTURER KIDNAPPED ALONG NOTORIOUS ROAD

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UNIVERSITY OF NIGERIA NSUKKA LECTURER KIDNAPPED ALONG NOTORIOUS ROAD
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A senior lecturer at the University of Nigeria Nsukka (UNN), Prof. Oguejiofor Ujam, has reportedly been kidnapped by gunmen along the Ugwuogo-Opi-Nsukka road. Prof. Ujam, who is the Dean of the School of General Studies and a member of the Department of Pure and Industrial Chemistry, was abducted on Sunday morning on this well-known route, notorious for such incidents.

This kidnapping follows a similar incident on Saturday, where an official from the Federal Road Safety Corps (FRSC), identified as Emeason Chima, was also abducted along the same road.

Details surrounding Prof. Ujam’s abduction remain unclear, and as of now, there has been no communication from the suspected kidnappers with his family regarding ransom demands. Efforts to contact the police command spokesperson for further comments have been unsuccessful, as calls went unanswered. The situation has raised concerns about safety along the Ugwuogo-Opi-Nsukka road, urging authorities to take action to address the rising incidents of kidnapping in the area.

LAGOS STATE GOVERNOR OPENS J RANDLE MUSEUM CENTRE, PROMOTES CULTURAL HERITAGE

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LAGOS STATE GOVERNOR OPENS J RANDLE MUSEUM CENTRE, PROMOTES CULTURAL HERITAGE
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Lagos State Governor, Mr. Babajide Sanwo-Olu, has officially opened the J Randle Museum Centre in Onikan, Lagos Island, emphasizing the state’s role as a hub for tourism, music, film, art, and culture in Africa.

The museum, which showcases historical, artistic, and cultural artifacts of the Yoruba people, is an integral part of the Centre, commissioned last year. During the opening, Sanwo-Olu announced the appointment of Mr. Qudus Onikeku as the Centre’s Director.

In an interactive session with creative stakeholders, Sanwo-Olu expressed the importance of enhancing private sector participation in the creative industry. He stated that his administration aims to foster an enabling environment for all stakeholders, positioning Lagos as a premier destination for tourism, art, and culture in Africa and beyond.

Highlighting the significance of cultural inheritance, Sanwo-Olu stressed the need to pass on Nigeria’s rich cultural heritage to future generations. He said, “We need to bring back that inheritance and ensure that we work with everyone to showcase our culture to the world.”

The Governor described the J Randle Museum as a historic site that will serve as a platform for discussing Nigeria’s history and culture. He urged other museums holding artifacts to repatriate them to their original locations, underscoring the importance of returning Yoruba cultural treasures to strengthen the region’s heritage.

Sanwo-Olu also criticized the diminishing use of local dialects in schools, linking it to broader cultural challenges. He affirmed that the J Randle Centre is crucial for connecting Nigeria’s past, present, and future, further enriching the state’s cultural landscape.

MILITARY PENSIONS BOARD ADDRESSES DELAY IN PENSION ALLOWANCES PAYMENT

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MILITARY PENSIONS BOARD ADDRESSES DELAY IN PENSION ALLOWANCES PAYMENT
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In response to concerns raised by retired veterans regarding delays in the payment of new pension allowances, the Military Pensions Board has clarified that the hold-up is due to the non-release of funds to the board, and it is unrelated to the ongoing electronic verification exercise.

In a statement issued on Monday, signed by the Chairman and directed at veterans, the board urged pensioners to dismiss rumors linking the electronic verification process with the delayed payment of the new pension rates approved by the Federal Government.

The nationwide electronic verification of military pensioners, which began on July 1, 2024, has been extended for an additional month and will conclude on October 31, 2024.

AVM Irumheson appealed for patience from the pensioners and expressed gratitude for their cooperation as the board continues to fulfill its statutory duties. He clarified that the ongoing electronic verification is a routine procedure aimed at authenticating the accurate number of pensioners on the payroll, ensuring adequate budgeting and planning.

“The Board opted for electronic verification to ease the process for pensioners, especially considering the security risks of road travel, high transportation costs, and the financial burden faced by those residing abroad,” he explained. “With this system, pensioners can complete their verification from the comfort of their homes, eliminating the need for physical gatherings, and the process has been largely successful.”

AVM Irumheson reassured veterans that no pensioner would be deprived of their entitlements, including any arrears, as the board is actively collaborating with relevant authorities to secure the necessary funds for payment.

He added that the board is maintaining transparency by regularly updating the 5-man Ministerial Standing Committee on progress made so far and advised veterans to check in with the committee for the latest information, as it serves as a crucial link between the Veterans Community and the Board.

NORTHERN STATES GOVERNORS’ FORUM CONVENES TO ADDRESS BLACKOUT AND REGIONAL CHALLENGES

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NORTHERN STATES GOVERNORS’ FORUM CONVENES TO ADDRESS BLACKOUT AND REGIONAL CHALLENGES
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The Chairman of the Northern States Governors’ Forum (NSGF) and Governor of Gombe State, Muhammadu Inuwa Yahaya, CON, has convened a crucial meeting with Northern Governors and Traditional Rulers to discuss the ongoing blackout in the northern region and address critical challenges such as security concerns, economic issues, and sustainable development priorities.

Under Governor Inuwa Yahaya’s leadership, the NSGF is focused on creating a unified agenda aimed at enhancing regional cooperation and development by leveraging the North’s resources for long-term growth.

In his opening remarks, Governor Inuwa Yahaya expressed concerns about power outages caused by the vandalism of critical infrastructure and called for investments in new transmission lines and energy diversification to prevent future disruptions. He emphasized the need to move beyond symbolic meetings, urging the NSGF and the Northern Traditional Rulers Council to devise practical, results-oriented strategies tailored to the unique challenges facing the region.

“The time to walk the talk is now,” he asserted, expressing confidence that unity, determination, and bold leadership could steer the region toward a more prosperous future.

The NSGF Chairman highlighted the importance of collective action, stating that the forum is committed to charting a cohesive agenda that capitalizes on the North’s potential for sustainable growth and stability. While acknowledging recent military successes against terrorists and bandits, Governor Inuwa Yahaya emphasized that lasting peace requires continued collaboration with security agencies and the implementation of recommendations from civil society and regional security committees.

He also reflected on recent protests, underscoring the need for youth empowerment through education, skills development, and employment opportunities to avert future unrest. The Governor advocated for strengthening agricultural infrastructure, supporting farmers, and revitalizing agro-industries, particularly the textile sector, to address food insecurity and drive economic revival.

In light of the recent floods affecting Maiduguri and other areas, Governor Yahaya called for collaboration with federal agencies to build irrigation systems and adopt sustainable environmental practices. He also emphasized the significance of traditional institutions as tools for conflict resolution and community engagement, praising the restructuring of the New Nigeria Development Company (NNDC) as a step toward economic revitalization in the North.

Kaduna State Governor, Uba Sani, emphasized the urgent need for a unified strategy to combat insecurity and other regional challenges, stating, “Without security, there will be no development.”

During the meeting, the Sultan of Sokoto, Alhaji Sa’ad Abubakar, who led the traditional rulers, highlighted the critical role of traditional institutions in promoting peace and stability in the region

NDHS 2023-24 REPORT REVEALS 15% TEENAGE PREGNANCY RATE AMONG NIGERIAN GIRLS AGED 15-19

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NDHS 2023-24 REPORT REVEALS 15% TEENAGE PREGNANCY RATE AMONG NIGERIAN GIRLS AGED 15-19
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The latest Nigeria Demographic and Health Survey (NDHS) 2023-24 indicates that approximately 15% of young Nigerian women aged 15-19 have experienced pregnancy, highlighting a significant national health concern that demands urgent intervention. The report, released to the News Agency of Nigeria on Monday in Abuja, points out that the teenage pregnancy rate is notably higher in rural areas, especially within the North West and North East regions.

The findings outline the various risks associated with teenage pregnancy, which include maternal health complications, loss of educational opportunities, and an exacerbation of poverty cycles. Of the young women surveyed, 11% have already given birth, 4% are currently pregnant, and 2% have experienced pregnancy loss, underscoring gaps in healthcare access and support systems.

Furthermore, the report reveals that teenage pregnancy rates are significantly higher among girls from lower wealth quintiles and those with limited educational attainment. The interplay of poverty and restricted opportunities is a critical factor contributing to the prevalence of teenage pregnancies.

In response to these findings, Prof. Muhammad Ali Pate, Minister of Health and Social Welfare, outlined existing policies and initiatives aimed at reducing teenage pregnancy rates. These include sexual and reproductive health education, increased access to contraceptives, and youth support programs.

Dr. Aminu Magashi, Coordinator of the Africa Health Budget Network (AHBN), emphasized the need for expanded initiatives that focus on education, healthcare access, and community support to mitigate teenage pregnancy and enhance reproductive health among adolescents.

KWANKWASO URGES NORTHERN STATES TO INVEST IN ALTERNATIVE ENERGY SOURCES AMID SHIRORO-KADUNA BLACKOUT

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KWANKWASO URGES NORTHERN STATES TO INVEST IN ALTERNATIVE ENERGY SOURCES AMID SHIRORO-KADUNA BLACKOUT
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Senator Rabi’u Musa Kwankwaso, former Presidential Candidate of the New Nigeria Peoples Party (NNPP), has called on state governments and private investors to boost investment in alternative energy sources following a widespread blackout across Northern Nigeria caused by vandalism of the Shiroro-Kaduna transmission line.

In a statement shared on Facebook on Monday, Kwankwaso highlighted Kano’s proactive approach in establishing turbines at Challawa Gorge and Tiga Dams as a model for other states to adopt. “It is disheartening that many parts of Northern Nigeria are in total darkness today due to vandalism on the critical 330kV Shiroro-Kaduna power line,” Kwankwaso wrote, noting that the outage has affected millions of residents and disrupted factories in Kano, Kaduna, Bauchi, Gombe, and beyond.

Kwankwaso emphasized the urgent need for a stronger, more resilient power infrastructure in Nigeria, stating that the recent crisis underscores the importance of creating sustainable and localized power solutions. He urged both government and private entities to take advantage of Nigeria’s abundant natural resources to reduce dependence on an aging national grid and to ensure reliable power amid rising fuel costs and economic pressures.

PICK N PAY TO EXIT NIGERIA AMID MARKET RESTRUCTURING PLANS

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PICK N PAY TO EXIT NIGERIA AMID MARKET RESTRUCTURING PLANS
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South African grocery giant, Pick n Pay, has announced its exit from Nigeria as it seeks to streamline operations outside its primary market. CEO Sean Summers confirmed the company’s decision on Monday, indicating that Pick n Pay will sell its 51% stake in a joint venture with A.G. Leventis (Nigeria), marking its exit less than five years after entering the Nigerian market.

The departure of Pick n Pay joins a growing trend of multinationals reassessing their presence in Nigeria amid economic challenges. Earlier this year, another South African retailer, Shoprite, closed stores in Abuja and Kano, citing financial and operational concerns. Similarly, Jumia shut down its food delivery service, Jumia Food, in December 2023 after assessing market viability.

Additionally, prominent multinationals like GlaxoSmithKline (GSK) Consumer Nigeria Plc, Procter & Gamble, Sanofi, and Kimberly-Clark have also exited Nigeria, attributing their decisions to the tough business climate in the country.

SENATOR ROWLAND OWIE CELEBRATES APPOINTMENT OF PROFESSOR EDOBA OMOREGIE AS VICE CHANCELLOR OF UNIVERSITY OF BENIN

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SENATOR ROWLAND OWIE CELEBRATES APPOINTMENT OF PROFESSOR EDOBA OMOREGIE AS VICE CHANCELLOR OF UNIVERSITY OF BENIN
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Senator Rowland Owie, former Senate Chief Whip, extended heartfelt congratulations to Professor Edoba Omoregie, SAN, on his appointment as Vice Chancellor of the University of Benin. Senator Owie praised the appointment as a pivotal moment for the institution and the academic community.

“With immense pride and profound joy, I congratulate Professor Edoba Omoregie on his well-deserved appointment as Vice Chancellor,” Senator Owie remarked, commending Professor Omoregie’s career of resilience, intellectual brilliance, and commitment to education.

Professor Omoregie, a distinguished Professor of Law and Senior Advocate of Nigeria (SAN), has made substantial contributions to academia, reflecting his passion for educational excellence and his dedication to Nigeria’s youth. Senator Owie described him as a “worthy son of the Benin Kingdom,” embodying dignity, honor, and respect for tradition.

Expressing confidence in Professor Omoregie’s leadership, Senator Owie shared optimism about the university’s future under his guidance. He conveyed best wishes for a successful tenure, saying, “May the Almighty grant him wisdom, strength, and protection as he steers this esteemed institution into a future of excellence and impact.”

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