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Home > Archives for > Page 184
Author

Nelson Ugwuagbo

Nelson Ugwuagbo

Investigation

Gunmen Attack The Residence Of Our Electoral commisioner In Kogi State

by Nelson Ugwuagbo December 1, 2023
written by Nelson Ugwuagbo

In the early hours of today, Friday 1st December 2023, around 3.30am, gunmen attacked the residence of our Resident Electoral Commissioner (REC) in Lokoja, Kogi State.

The armed men engaged the security personnel in a gun battle for over 30 minutes until reinforcement arrived.

While no lives were lost, property was destroyed in the ensuing gun battle. A team of combined security personnel have been deployed to protect the residence.This incident occurred a day after a mob besieged our state office.

We call for a thorough investigation and enhanced security protection for our personnel and assets in Kogi State.

December 1, 2023 0 comments
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Business

Fidelity Bank Plc Signs the UN Principles for Responsible Banking

by Nelson Ugwuagbo November 30, 2023
written by Nelson Ugwuagbo

Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

The Principles are the leading framework for ensuring that banks’ strategy and practice align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks who have signed the Principles commit to be ambitious in their sustainability strategies, working to mainstream and embed sustainability into the heart of their business, while allowing them to remain at the cutting-edge of sustainable finance.

Under the Principles, signatory banks identify and measure the environmental and social impact resulting from their business activities, set and implement targets where they have the most significant impact, and regularly report publicly on their progress. The Principles provide a framework for banks to systematically understand the risks and seize the opportunities arising from the transition to more sustainable economies.

“As long-time signatories to UNEPFI, signing onto the PRB is the next step to show our commitment to sustainability. Sustainability is central to our corporate strategy as a bank and joining the Principles further affirms our determination to increasing our positive impacts in all aspects of sustainability. The PRB aligns with our sustainability principles and the bank is delighted to join the global community of signatories championing sustainable development around the world”, commented Dr Nneka Onyeali-Ikpe,OON, Managing Director/Chief Executive Officer, Fidelity Bank Plc.

Signatories to the Principles take on a leadership role, demonstrating how banking products, services and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet.

These banks also join the world’s largest global banking community focused on sustainable finance, sharing best-practice, and working together on practical guidance and pioneering tools of benefit to the entire industry.

This is a journey of unprecedented scale and scope at a time when such ambition is urgently needed to address the major planetary crises of climate change, nature loss, pollution and social issues.

Together, these collective efforts will ensure that profitability goes hand in hand with a sense of purpose.

November 30, 2023 0 comments
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Headlines

Adamawa Approves N836m Damare-Borong Road Project

by Nelson Ugwuagbo November 30, 2023
written by Nelson Ugwuagbo

Adamawa State government has approved N836 million for the construction of the 42km Damare- Borong Road to facilitate human and vehicular movement.

The road links the permanent National Youth Service Corps (NYSC) Orientation Camp in Girei local government area of the state.

The project which was made known after the State Executive Council (SEC) meeting yesterday in Yola, links Girei and Demsa local government areas.

The commissioner for education, Dr Umar Garba Pella, told journalists that the project was awarded to Hydro Source and Resource Nigeria Limited and has the completion period of 12 months.

Pella said the council also approved over N117 million variation for the construction of modern laboratory at Specialist Hospital, Yola.

He said the project was initially awarded at over N578 million, adding that the variation was to cover the cost of increased price of building materials.

November 30, 2023 0 comments
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Business

Fidelity Bank partners LCCI to address Challenges to Business Performance in Nigeria

by Nelson Ugwuagbo November 29, 2023
written by Nelson Ugwuagbo

Leading financial institution, Fidelity Bank Plc, has restated its determination to help businesses run profitably as it recently partnered with the Lagos Chamber of Commerce and Industry (LCCI) to host a conference to discuss solutions to challenges bedeviling the growth of businesses in the country.

Held at the LCCI office at Commerce House, Victoria Island, Lagos, the event featured a panel session comprising several top functionaries across the Nigerian economy.

Panelists at the session, which was themed “Powering Nigerian Businesses for Growth”, include: MD/CEO, KSBC Knowledge Resources Ltd, Mr. Chika Mbonu; CEO, Helf Africa, Mr. Yemi Osinubi, CFA; Principal, Sahel Capital, Ms. Tosin Ojo, CFA; Deputy National President of the Nigeria Cargo Airport Chapter of the National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Segun Musa; MD/CEO Zevis Pharmaceutical Ltd, Sir Elvis Emecheta; and MD, Super Audio Ind. Nigeria Limited, Mr. Keshab Vaswani.

Giving her keynote address at the event titled, “Promoting Trade and Industry in Nigeria: Government Initiatives and Opportunities for Business Growth”, the Honourable Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, who was represented by the Managing Director, Tafawa Balewa Square Managing Board, Mrs. Lucia Shittu, said:

“As a government, our responsibility is to provide the environment for ease of doing business that allows corporations to thrive similarly in other countries where they have representation. The Presidential Enabling Business Environment Council (PEBEC) was specifically constituted to achieve this with the primary objective of removing critical bottlenecks and bureaucratic constraints to doing business in Nigeria. As part of the ministry’s commitment to achieving this, our vision board is “Reposition Nigeria for business and investment, to attract FDIs by improving the ease of doing business” and I’m proud to announce that as of the last Ease of Doing Business report, one of the agencies supervised by my ministry – the Standards Organisation of Nigeria – is ranked as the most performant with a score of 98.09%. However, we still have a long way to go in strengthening weaker government institutions.

“Some of the upcoming initiatives from the Presidential Council on Industrial Revitalization, among other initiatives, include: upskilling, global-focused certification and licensing of artisans – with a view to export readiness and pipelining for both local businesses and cross-national corporations; creating a robust Agri-market system – one that ensures farmers get the most value for their hard work, provides farmers with more reliable access to credit through instruments like warehouse receipts, reduces the current multi-layered arbitrage system in the markets, introduces standards for warehousing, value addition and exports; standardising and promoting deeper technology and knowledge transfer across all our programmes including the free trade zones.”

Welcoming guests to the event, the MD/CEO, Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe,OON, who was represented by the Divisional Head, Product Development, Fidelity Bank Plc and Chairman, Financial Services Group of the LCCI, Mr. Osita Ede, made a case for effective partnerships between the public and private sectors to drive economic growth.

In her words, “In the face of economic uncertainties, it is crucial that we embrace a mindset of resilience, adaptability, and collaboration. Together, we can identify opportunities that will not only sustain our businesses but also drive collective prosperity.

“Fidelity Bank is committed to being a catalyst for positive change, empowering businesses, and driving economic growth. We believe that by working together, in the face of the current economic realities, we can unlock the full potential of our nation’s businesses and create a future that is both sustainable and prosperous”.

Similarly, the President of the LCCI, Asiwaju (Dr) Michael Olawale-Cole championed the cause of business owners at the event, explaining that, “As business owners, we are faced with high operating costs and weak consumer demand due to high inflation and declining purchasing power. To explore growth opportunities, businesses must realise they have foreign exchange exposures and adopt hedging strategies to mitigate the impact of high inflation as well as leverage digital technologies to streamline operations, improve efficiency, reduce costs, and reach new customers.”

Advising the government, Olawale-Cole noted that with a huge debt profile, the government must seek alternative funding sources to improve the country’s infrastructure.

November 29, 2023 0 comments
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Headlines

Massive Blaze Engulfs Gas Plant in Rivers, Prompting Urgent Response

by Nelson Ugwuagbo November 28, 2023
written by Nelson Ugwuagbo

A gas plant located in the Rumukurusi axis of Port Harcourt, Rivers State, went up in flames early on Tuesday, causing panic among residents and business owners in the area.

It was gathered that the incident occurred at about 5 am when most people were still asleep.

Residents said they woke after hearing people shouting from the location of the gas facility owned by Hydropet Oil Services Limited.

A shop owner in the area who simply gave her name as Grace, said she saw the fire when she woke up around 5:20 am

She stated, “So I quickly came out to the road leading to Eneka, lo and behold it was Hydropet gas plant that was on fire. The fire was huge. I was so afraid because My shop is close to that place.”

Leading Reporters learnt that it was the Shell fire service that extinguished the fire which lasted for about four hours.

“Imagine from Artillery to Eleme Junction there is no fire station. Even when the Federal Fire Service came within a short time they ran out of water.

“Thank God for the Shell Fire Services because we don’t know maybe the tank would have exploded.”

Meanwhile, many residents and business owners thronged out to catch a glimpse of the fire, while some expressed worry over a possible explosion.

Scores of policemen and the fire service team cordoned off the area with red lights and prevented vehicles from further accessing the road.

When contacted, the Police Public Relations Officer in the State, Grace Iringe-Koko, said she would find out from the police division and get back to our correspondent.

She had yet to do so as of the time of filing this report on Tuesday morning.

November 28, 2023 0 comments
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Investigation

Missing N43bn: Reps Threaten To Hand Over NCAA Management To EFCC

by Nelson Ugwuagbo November 28, 2023
written by Nelson Ugwuagbo

The House of Representatives has threatened to hand over the management of Nigeria Civil Aviation Authority (NCAA) to the Economic and Financial Crimes Commission (EFCC) over alleged missing N43 billion revenue generated in 2022.

Rep. James Faleke, Chairman, House Committee on Finance, issued the notice in Abuja on Monday, during the ongoing interactive session with revenue generating agencies.

The records provided by the Federal Airport Authority of Nigeria (FAAN) revealed that 16 million passengers were transported by local airlines in 2022.

It revealed that three million passengers were transported by international airlines.

Leading Reporters gathered that N1.28 trillion was realised from tickets sold to international passengers, out of which N64 billion represented five per cent shared by the five regulatory agencies in 2022.

It was also confirmed that the ADR16 documents, managed by Nigeria Airspace Management Agency (NAMA), showed that total of 14,572,614 passengers were airlifted by local airlines in 2021.

From the documents submitted to the Committee, NCAA declared N12.7 billion revenue from the share of the gross revenue allotted to regulatory agencies in the industry.

The lawmaker, however, said the amount was below the computed gross revenue share received by NCAA worth N66 billion realised from both revenues accrued from local and international travels for 2022.

The breakdown of NCAA’s revenue share showed that N31 billion was realised from local passengers.

Also, N35.85 billion was realised from international flights for the period under review.
According to the records provided to the Committee, 5 per cent of all tickets sold to local and international airlines were distributed among five regulatory agencies.

Breakdown of the sharing formular showed that 56 per cent of the amount is for NCAA, 22 per cent is for Nigerian Airspace Management Agency (NAMA).

Nine per cent is for Nigerian Meteorological Agency (NiMET), seven per cent is for Nigerian College of Aviation Technology (NCAT).

Meanwhile, six per cent is for Accident Investigation Bureau (AIB).

Faleke also alleged that the agency was having outstanding of N8 billion revenue undeclared from revenue accrued from international passengers for 2022.

In his response to various allegations, the NCAA representatives, Captain Ibrahim Dambazau and Abubakar Gachi explained that some local airlines were working for the agency.

They added that the affected airline operators were indebted to NCAA.

Piqued by the undue controversies trailing the amount realised and under-remittance, Faleke requested for NCAA’s audited reports.

He also demanded for comprehensive reports of the NCAA banks operated before transition to Treasury Single Account (TSA) since 2015 to Q1 of 2023.

The committee also requested for the list of all local airlines that were indebted to NCAA.

November 28, 2023 0 comments
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Headlines

Court adjourns lawsuit on Rivers Assembly crisis

by Nelson Ugwuagbo November 28, 2023
written by Nelson Ugwuagbo

The Federal High Court in Port Harcourt has fixed December 5 to commence hearing in the lawsuit filed by the factional Speaker of the Rivers State House of Assembly, Edison Ehie, seeking to take control of the state legislature.

Ehie had announced his emergence as Speaker following the crisis that rocked the Assembly in the wake of the move by the original Speaker,   Martin Amaewhule, and 23 other lawmakers to impeach Governor Siminialayi Fubara.

He later filed the suit, praying the court to restrain Amaewhule from parading himself as Speaker or presiding over the affairs of the House.

Earlier, the court had ordered parties to maintain the status quo pending the hearing and determination of Ehie’s suit.

But Ehie later commenced contempt proceedings against Amaewhule, alleging that his faction conducted legislative proceedings despite the court order.

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At the Monday’s proceedings, two lawyers clashed over the right to represent Ehie in the matter.

A Senior Advocate of Nigeria, K.C.0. Njemanze, told the court that he had been hired to take over from N O. Akporuvweku,  who was originally in charge of the case.

But  Akporuvweku argued that he had yet to be served any notice of change in counsel and insisted that he and the team remained the plaintiff’s counsel.

Meanwhile, counsel for the first and second defendants, Ferdinand Oshoke, prayed the court to consolidate and accelerate hearing on all applications filed in the matter since the matter borders on the legislative arm of government.

Justice Phoebe Ayua adjourned the case till December 5 to enable  Ehie’s lawyers to regularsze their appearances and also for parties in the matter to serve processes on each other.

November 28, 2023 0 comments
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Investigation

Police arrest sponsor of Anambra protest

by Nelson Ugwuagbo November 28, 2023
written by Nelson Ugwuagbo

The Anambra State Police Command said it has arrested one Ozo Nweke, who allegedly sponsored a nude women protest in Awka.

The protesters, including men and women from Enugwu-Agidi in Njikoka Local Government Area of Anambra State, had last Tuesday protested in Awka against incessant cult-related killings in their community where they also accused two police officers of aiding and abetting criminals in the area.

But three days after, another group from the community, in a counter-protest round the police headquarters in Awka, accused Nweke, of land grabbing, intimidation, harassment, and rape.

The state Commissioner of Police, CP Aderemi Adeoye, told journalists on Monday,  that Nweke was arrested in Abuja.

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He said, “We arrested him to face prosecution.  Nweke and operatives of his company have been charged to court in three different cases, one at the Federal High Court and two at the State High Court.

“He has two cases at the Federal High Court and one at the Magistrates’ Court. So, we arrested him to answer his charges.

“These are the background details to his current media campaign of blackmail against DCP Akin Fakorede and the State CID, Awka whom he is accusing of corruption ostensibly for not siding with his criminal escapades.”

November 28, 2023 0 comments
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Headlines

16 Days of Activism:WARDC urges FG to Implement the VAPP laws to curb Gender Based Violence

by Nelson Ugwuagbo November 27, 2023
written by Nelson Ugwuagbo

The Women Advocate Research and Documentation Center (WARDC) has task government at all levels to expedite action on the implementation of the Violence Against Persons Prohibition (VAPP) Act to reduce cases of Gender Based Violence (GBV) recorded across the country.

The Founder/Executive Director, WARDC, Dr. Abiola Akiyode-Afolabi in a recent statement on the sideline of the 16 Days of Activism Against Gender-Based Violence, with the theme “UNiTE – Invest to Prevent Violence against Women & Girls.” stated that beyond laws, the implementation of the VAPP Act in would reduce the cases of GBV.

Meanwhile, Akiyode-Afolabi explained that the 16 Days of Activism, spanning from November 25th to December 10th, symbolizes a collective call to action against one of the most pervasive violations of human rights – gender-based violence.

She noted that this year’s theme underscores the imperative to invest in proactive measures that can effectively prevent violence directed at women and girls.

Her words:

“WARDC recognizes the importance of fostering a world where every woman and girl can live free from fear, intimidation, and violence.

“Through our unwavering commitment to advocacy, Legal aid, research and documentation, we strive to shed light on the intricate dynamics of gender-based violence, providing valuable insights that inform policies and interventions.

“Investing in prevention means addressing root causes, dismantling harmful stereotypes, and empowering individuals and communities to actively reject violence. By supporting education, advocacy, and awareness initiatives, we contribute to the creation of a society where equality is not just an ideal but a lived reality.”

She further explained that during these 16 Days of Activism, WARDC will engage in a series of events, webinars, and awareness campaigns to amplify the message of unity against gender-based violence.

“We invite the community, stakeholders, and partners to join hands with us in this collective endeavor to build a world where every woman and girl can thrive without the fear of violence.

“Together, let us UNiTE and invest in a future where the rights and dignity of women and girls are upheld, and gender-based violence becomes an intolerable relic of the past.” She added.

November 27, 2023 0 comments
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Headlines

Some Christian women rude, denying their husbands sex – Mike Bamiloye

by Nelson Ugwuagbo November 25, 2023
written by Nelson Ugwuagbo

The founder of the Mount Zion Faith Ministries, Mike Bamiloye, has spoken out about the negative attitudes of some married Christian women in their matrimonial homes.

Bamiloye, in a post on his verified Facebook handle on Saturday, said the so-called women in the Lord are fond of having their ways at all times.

According to him, such wives do not submit to their husbands while at home.

These women, he stated, look beautiful and keep smiling beside their husbands in church, but they are the direct opposite of what they portray outside the moment the couples leave the church.

The christian film producer described such women as stubborn, rude, disrespectful, stressing that they are stingy with their bodies to their husbands.

“Some married women in the Lord are fond of having their ways all the time. They never submit to their husbands. They never follow their husbands.

“They are beautiful to behold in beauty, they smile all the time, they stand beside their husband in the church, but they are not who they claim to be. They are the direct opposite at home. Stubborn, rude, unbroken, disrespectful and very stingy with their body to their husbands.

“They dictate their terms to give their husbands access to their body. They are hard at home, but soft in the church. Very unsubmissive and insensitive,” he stated.

Bamiloye prayed for husbands married to such women, saying May God Almighty deliver men from such “sisters”.

November 25, 2023 0 comments
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