Actors Guild of Nigeria did not neglect Mr Ibu
Nollywood actress and spokesperson for the Actors Guild of Nigeria (AGN), Kate Henshaw, has denied claims of neglect made by Stella Maris, the wife of actor John Okafor, also known as Mr. Ibu. “It is necessary to set the records straight over the public outcry about the AGN abandoning Mr Ibu. We’ve been at the forefront of providing necessary support for Mr Ibu even before his health condition was made public. She firmly asserted that the Guild has supported Mr. Ibu since 2021. The dispute revolves around the assistance provided to Mr. Ibu during his health struggles, and Kate Henshaw, as the AGN spokesperson, has defended the guild’s position.
Source:The Guardian
October 24, 2023 15:13 UTC
UK court dismisses $11bn P&ID suit, Nigeria demands damages
The Federal Government has said it will demand damages from Process & Industrial Developments Limited, which lost its $11bn arbitration award against Nigeria on Monday in the United Kingdom. The arbitration court had awarded $6bn against Nigeria in January 2017 over the failed gas processing contract but the fine had accumulated to $11bn before the verdict was delivered on account of the seven per cent interest rate. Even without the dishonest behaviour of P&ID, Nigeria was compromised.”The AGF attributed Nigeria’s victory in the $11bn lawsuit to close a collaboration by agencies of the Federal Government. These emphasised the need for the FRN to vigorously challenge and resist the enforcement of the award by P&ID. In particular, the judge concluded that P&ID obtained the award only by practising the most severe abuses of the arbitral process.
Source:Punch
October 24, 2023 14:29 UTC
How Senna's infamous punch inadvertently launched Irvine's F1 career
Thirty years ago today, Ayrton Senna put in a sublime drive to win a rain-affected 1993 Japanese Grand Prix in his penultimate start for McLaren. The debutant who got his attention was Eddie Irvine. During the weekend he bumped into his one-time European F3000 employer and manager Eddie Jordan. Senna: You're going to have problems, not with me only, but with lots of other guys, and also the FIA. Later a cheque from 'Ayrton Senna Productions' arrived, via a Liechtenstein bank.
Source:Punch
October 24, 2023 14:02 UTC
Bankers, regulators advocate blacklisting of financial criminals
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.”
Source:Punch
October 24, 2023 13:41 UTC
Student loan scheme begins January, says Tinubu
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.
Source:Punch
October 24, 2023 13:00 UTC
This Nigerian Man Once Sold A "Fake Airport" To A Brazilian Bank For $242 Million. Read His Story
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.
Source:The Guardian
October 24, 2023 06:59 UTC
Room’s Cosmo in Punch
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.”
Source:Punch
October 24, 2023 06:23 UTC
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Takes Center Stage at the 2023 London Sukuk Summit: Pioneering Innovation in Sukuk Risk Mitigation | The Guardian Nige
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.
Source:The Guardian
October 24, 2023 06:13 UTC
WHO urges Israel to withdraw evacuation order for hospitals
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.
Source:Punch
October 23, 2023 23:01 UTC
Lagos Shuts Down Alaba International Market
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.
Source:The Guardian
October 23, 2023 22:07 UTC
The Nigerian environment: A rear view | The Guardian Nigeria News - Nigeria and World News
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.
Source:The Guardian
October 23, 2023 18:54 UTC
Slums hit 169, eight earmarked for regeneration – LASURA
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.”
Source:Punch
October 23, 2023 16:32 UTC
BSP and CDA sign MOA on cooperative oversight
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.
Source:The Guardian
October 23, 2023 16:25 UTC
Rethink palliatives, step up productive engagement | The Guardian Nigeria News - Nigeria and World News
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.
Source:The Guardian
October 23, 2023 16:00 UTC
10 die of heart attacks after 'Garba' dance in India
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.
Source:Punch
October 23, 2023 13:36 UTC