Man sitting at desk and checking his domestic bill, he is using a calculatorStakeholders in the financial sector have released a communique that will ensure the blacklisting of criminals in the financial sector. Part of the communiqué stated, “Committee agreed on the need to create effective blacklists of criminals in the financial sector. Many of the proceeds of fraud get converted to crypto currency and the funds trail thus disappears into that space. Fintechs therefore have a critical role to play in the future of financial services. The more you innovate, the more you need to automate the attendant controls and ensure that they are strictly monitored.”

President Bola Tinubu on Monday affirmed that the student loan scheme he approved on June 12, 2023, will kick off in January 2024. He also promised that episodes of industrial action by academic staff unions of tertiary institutions would become a thing of the past. “By January 2024, the new student loan programme must commence. He reasoned that such a scheme would aid an effective anti-corruption campaign“There must be consumer credit; the scheme will have to come into effect as soon as possible. Meanwhile, the Minister of Education, Dr Tahir Mamman, said the student loan would be administered by the Central Bank of Nigeria through the loan board.

According to The Guardian Nigeria News, Nwude was convicted in 2005 for impersonating Paul Ogwuma, a governor of the Central Bank of Nigeria (CBN), in order to defraud a Brazilian bank. The total deal was $242 million, with $191 million in cash and the remainder as outstanding interest between 1995 and 1998. According to Medium, Nwude's scam came to light when Banco Santander, a Spanish multinational financial services company, attempted to acquire the Brazilian bank. However, amid all this, to salvage the situation, the Simonsen and Cochrane families, who own the Banco Noroeste, paid $242 million. In 2021, he also reportedly claimed that he was unaware of the $242 million airport scam.

Punch has published an article featuring the Room for Improvement Cosmopolitan created. The intention was to appeal not only to the customer who orders Cosmos at every bar, but also to “nerdy cocktail friends who might never ordinarily call for a Cosmo,” says [Arvid] Brown. That meant rethinking each ingredient. “We looked at what it is that people like about it: It’s pink, it’s served up, it’s citrusy, it’s refreshing and it’s got a little tartness,” Brown says. “We tried to reengineer those flavors with more craft ingredients.”

With a particular emphasis this year on ESG (Environmental, Social, and Governance) considerations, green finance, and risk mitigation, the Summit holds even greater relevance given the current global market volatility. In addition, ICIEC will host a significant side event titled ” Credit Enhancement of Sovereign Sukuk – the Case of ICIEC’s Sukuk Insurance Policy “scheduled for Wednesday, November 1st, 2023, at 13:50 (GMT+1). Mr. Kaissi, stated, “The 2023 London Sukuk Summit is a testament to the ever-evolving landscape of Islamic finance. Our innovative product, the 'Sovereign Sukuk Insurance Policy,' is a groundbreaking solution designed to insure sovereign Sukuk issued by ICIEC Member States. The products' suite includes Documentary Credit Insurance Cover, Credit Insurance Cover, Bank Master Policy, Non-Honouring of Sovereign Financial Obligation, and Investment Insurance Products.

The World Health Organisation has urged Israel to withdraw its evacuation order for hospitals in northern Gaza. “There are patients who are there that cannot simply be moved, many there are on mechanical ventilators. “There are also newborns on incubators, people in unstable conditions, and it’s very difficult to move them,” WHO spokesman, Tarik Jašarević said on Monday. He said the task was “almost impossible.”“We are calling on Israel to reconsider this order,” Jašarević said. “But that is not nearly enough.”More trucks are ready on the Egyptian side, but so far there are no security guarantees that the supplies can be brought in.

Posted by Thandiubani on Mon 23rd Oct, 2023 -tori.ngAlaba International Market is the latest to be closed down due to environmental issues. The Lagos State Government has shut the popular Alaba International Market. This was disclosed by the Honourable Commissioner, Ministry of the Environment and Water Resources, Lagos State, Tokunbo Wahab on X. Alaba International Market is the latest to be closed down due to environmental issues. Among the markets closed down are Ladipo Market, Agbado Oke-Odo Market, Oyingbo Market, Alayabiagba Market, Alamutu (Ologede) Market and sections of Tejuosho Market.

Before then, Nigeria responded to most environmental problems on an adhoc basis, with citizens largely bearing the weight of impacts and responses. Over the years, from I988 till present day, As Nigeria has grown in population, economy and politically, it also seems that our environmental problems, challenges have grown also. Indeed, you will find as many environmental problems and challenges as you care to name. Global Logic, Local impactsAlthough some measures are taken by the Nigerian government to tackle some of the prevailing environmental challenges there is little to show for these efforts. To be continued tomorrowBassey, Director, Health of Mother Earth Foundation (HOMEF) at the 68th Conference/Congress of the Historical Society of Nigeria held in Lagos…recently.

The Lagos State Urban Renewal Agency has disclosed that 169 slums have been identified in Lagos, and 8 of them are earmarked for regeneration. She said, “169 slum communities identified e.g. “Adenikinju suggested that slum regeneration is the best solution to slum eradication. If either the private sector or the public or PPP can successfully do this, slum redevelopment will help cushion the effects of housing deficits. So, if slums redevelopment is going to do what it’s targeted at, affordability must be borne in mind.”

BSP Governor Eli M. Remolona, Jr. and CDA Chairman Joseph B. Encabo inked the MOA at the BSP Head Office in Manila amid the celebration of the National Cooperative Month this October. The MOA sets out the arrangement between the BSP and CDA for the concurrent oversight and regulatory approach as well as the exchange of information to facilitate discharge of their respective mandates. The approach will also avoid regulatory arbitrage and enhance the transparency and accountability of the cooperative sector,” BSP Governor Eli M. Remolona, Jr. said. The BSP is mandated under the National Payment Systems (NPS) Act to exercise oversight over NPS, which includes aforesaid covered cooperative. The cooperative oversight initiative provides coordination between the BSP and government agencies to avoid gaps, inefficiencies, duplication, and inconsistencies in regulations.

First, the distribution, even though on-going, has excluded many citizens manifestly in need of such intervention. Even as many families are thereby excluded, many others barely get what they would consume within a day or two. Going forward, therefore, there is a need for the government to revisit the palliative distribution policy, in consideration of more viable and more result-oriented intervention for the people. Government should consider substantial investment economic stimulus to incentivise the private sector and to encourage production activities and boost economic activities towards employment creation. Social investment should be channelled for wealth creation and redistribution as the ultimate goal in the quest to banish multidimensional poverty and enhance social security.

Ten people have reportedly died of heart attacks in India’s western state of Gujarat after the ”Garba” dance during the ongoing Navratri Hindu festival, Officials said. Garba is a dance that honors, worships, and celebrates the feminine form of divinity. The word “garba” comes from the Sanskrit word garbha, meaning “womb.”The deceased ranged from teenagers to middle-aged people, with the youngest being 13-year-old hailing from Dabhoi in Vadodara district. According to reports, over 500 emergency calls were made within 24 hours after the dance. The organisers were also asked to have some people who are trained in cardiopulmonary resuscitation deployed to the spot.

The Supreme Court has reserved judgment in the appeal filed by the presidential candidate of the Labour Party, Peter Obi, against the tribunal’s judgment affirming President Bola Tinubu’s election. Adopting their addresses, Tinubu’s lawyer, Wole Olanipekun, and his APC counterpart, Akin Olujinmi urged the court to dismiss Obi’s appeal. Presenting his argument, he said, “The issue involving Mr Tinubu’s certificate is a weighty, grave, and constitutional one, which the Supreme Court should admit. The Supreme Court must take a look at Mr Tinubu’s records and reach a decision devoid of technicality. INEC lawyer, Abubakar Mahmoud, urged the Supreme Court to dismiss Atiku’s application seeking to present Tinubu’s academic records.

Gombe State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has arrested 76 youths suspected to be involved in same-sex relationships in the State. The suspects were arrested by the NSCDC personnel at the point of alleged same-sex marriage somewhere in Gombe metropolis following a tip-off on the planned same-sex birthday party after which the marriage would have been consummated. The disclosure was made by the Gombe State NSCDC Commandant, Muhammad Bello Mu’azu while briefing Journalists at the Command headquarters, in Gombe on Sunday. Mohammed Mu’azu who was represented by the PRO, SC Buhari Sa’ad said that operatives of the Command successfully prevented the wedding from taking place because according to him, the NSCDC has zero tolerance for such social vices. The Commandant further disclosed that following investigations, the Command discovered that out of the 76 suspects, 59 are males with 21 of them said to have confessed to being homosexuals, while 17 females who are believed to be involved in same-sex relationships were also arrested at the scene.

Oluwatosin Adeshokan 1 , Chiebuka Obumselu , freelance journalists 2 1Lagos 2Abuja oluwatosin.adeshokan{at}outlook.frNigeria’s politicians have proposed requiring doctors to stay in the country for five years to get a licence, to help stem the tide of medical talent it loses to higher income countries. If passed, the amendment to the Medical and Dental Practitioners Act would require all medical and dental practitioners trained in Nigeria to practise there for a minimum period before obtaining a full licence. Politicians and citizens alike often bring up the average cost of university education and medical degree training as one of the reasons Nigeria’s doctors shouldn’t leave the country. Medical students at the University of Lagos Teaching Hospital vehemently rejected the idea. Withholding licences is “hypocritical,” they told The BMJ, particularly since the government has consistently neglected investment in the country’s healthcare.