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Former President Olusegun Obasanjo on Wednesday described calls for the disintegration of Nigeria as unmindful and insensitive to the plight of the minority groups in the country.https://www.premiumtimesng.com/news/headlines/459633-if-nigeria-breaks-up-minority-groups-will-be-exterminated-obasanjo.html
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BH started like a house on fire bombing churches and mosques. In 2014, they changed tactics and started attacking military formation leading to a fullscale war with the NA. This is why i think its not a civil war. Nigeria is fighting what i would called a jihad. |
I love the decent look |
Komu1048:i just wan finger her toto |
umykal:i wont mind sucking |
Ishilove:bonjour |
bukatyne:According to what i gathered, she was molested for seven years which in other words means she was seven year old at the time he started defiling her. Although the police have come out to downplay the act claiming its a bailable offence. |
Its an open secret now. The carelessness of the NA is the reason bokoharam wax stronger. Arms and ammunition ought to be guarded safely out of reach of these terrorists |
femi4:their greatest achievement despite their clamor for gender equality |
Kenturkey048:caroline danjuma. My crush that yr sotey i wan sample am. Fine gal. I hear say tuface chop im share that yr. |
TThhoorr:no wonder they have bases worldwide |
Queenslander:how was it? |
Gal Gadot and kirsten dunst are year older today. Hurray! |
ATTAHDYE:took us by surprise puskin lalasticlala |
BigYash:naija girls can makeup like their life depend on it |
WowSweetGuy:naija girls without makeup they are nothing |
stanley000:i dont think so. Just that She's got artificial beauty |
Joysticks:na small girl. Forget say she don born |
lascos912:after me |
First Bank of all banks. They couldn't lead by example |
By Premium Times Nigeria’s premier bank, First Bank, has for years been plagued by “bad credit decisions, significant and non-performing insider loans and poor corporate governance practices”, the Central Bank of Nigeria has said. The regulator sacked the board of the bank and its holding company on Thursday, in a dramatic move that came a day after the bank named a new managing director. In a speech to journalists, CBN governor, Godwin Emefiele, said First Bank maintained healthy operations up until 2016 financial year when the CBN’s examination revealed that the bank was in grave financial condition with its capital adequacy ratio and non-performing loans ratio substantially breaching acceptable standards. First Bank has over 31 million customers with deposit base of N4.2 trillion, shareholders’ funds of N618 billion and NIBSS instant payment (NIP) processing capacity of 22 per cent of the industry. In his speech, Mr Emefiele announced the reinstatement of Sola Adeduntan as the managing director and chief executive officer of the bank, a day after he was removed by the board. He said the regulator learned about the removal through the media. Read Mr Emefiele’s full remarks below: 1.0 Good afternoon ladies and gentlemen. 2.0 The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd (FBN) and the related regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions. 3.0 Ordinarily the board is vested with the authority to make changes in the management team subject to CBN approval. However, the CBN considers itself a key stakeholder in management changes involving FBN due to the forbearances and close monitoring by the Bank over the last 5 years aimed at stemming the slide in the going concern status of the bank. It was therefore surprising for the CBN to learn through media reports that the board of directors of FBN, a systemically important bank under regulatory forbearance regime had effected sweeping changes in executive management without engagement and/or prior notice to the regulatory authorities. The action by the board of FBN sends a negative signal to the market on the stability of leadership on the board and management and it is in light of the foregoing that the CBN queried the board of directors on the unfortunate developments at the bank. 4.0 As you may be aware, FBN is one of the systemically important banks in the Nigerian banking sector given its historical significance, balance sheet size, large customer base and high level of interconnectedness with other financial service providers, amongst others. By our last assessment, FBN has over 31m customers, with deposit base of N4.2trn, shareholders’ funds of N618bn and NIBSS instant payment (NIP) processing capacity of 22% of the industry. To us at the CBN, not only is it imperative to protect the minority shareholders, that have no voice to air their views, also important, is the protection of the over 31m customers of the bank who see FBN as a safe haven for their hard-earned savings. 5.0 The bank maintained healthy operations up until 2016 financial year when the CBN’s target examination revealed that the bank was in grave financial condition with its capital adequacy ratio (CAR) and non-performing loans ratio (NPL) substantially breaching acceptable prudential standards. 6.0 The problems at the bank were attributed to bad credit decisions, significant and non-performing insider loans and poor corporate governance practices. The shareholders of the bank and FBN Holding Plc also lacked the capacity to recapitalize the bank to minimum requirements. This conclusions arose from various entreaties by the CBN to them to recapitalize. 7.0 The CBN stepped in to stabilize the bank in its quest to maintain financial stability, especially given FBN’s systemic importance as enumerated earlier. Regulatory action taken by the CBN in this regard included: i. Change of management team under the CBN’s supervision with the appointment of a new Managing Director/ Chief Executive Office in January 2016. ii. Grant of the regulatory forbearances to enable the bank work out its non-performing loans through provision for write off of at least N150b from its earning for four consecutive years. iii. Grant of concession to insider borrower to restructure their non-performing credit facilities under very stringent conditions iv. Renewal of the forbearances on a yearly basis between 2016 and 2020 following thorough monitoring of progress towards exiting from the forbearance measures 8.0 The measures had yielded the expected results as the financial condition of FBN improved progressively between 2016 when the forbearance was initially granted to the current financial year. For instance, profitability, liquidity and CAR improved whilst NPL reduced significantly. 9.0 Notwithstanding the significant improvement in the bank’s financial condition with positive trajectory of financial soundness indicators, the insider related facilities remained problematic. 10.0 The insiders who took loans in the bank, with controlling influence on the board of directors, failed to adhere to the terms for the restructuring of their credit facilities which contributed to the poor financial state of the bank. The CBN’s recent target examination as at December 31, 2020 revealed that insider loans were materially non-compliant with restructure terms (e.g. non perfection of lien on shares/collateral arrangements) for over 3 years despite several regulatory reminders. The bank has not also divested its non-permissible holdings in non-financial entities in line with regulatory directives 11.0 Following further review of the situation and in order to preserve stability of the bank, so as to protect minority shareholders and depositors, the Management of the CBN in line with its powers under BOFIA 2020 has approved and hereby directs: i. Immediate removal of the all directors of FBN Ltd and FBN Holdings Plc ii. The appointment of the following persons as directors in FBN Ltd and FBN Holdings Plc Holdco 1. Chairman – Remi Babalola 2. Dr. Fatade Abiodun Oluwole 3. Kofo Dosekun 4. Remi Lasaki 5. Dr Alimi Abdulrasaq 6. Ahmed Modibbo 7. Khalifa Imam 8. Sir Peter Aliogo 9. UK Eke – Managing Director Bank 1. Chairman – Tunde Hassan-Odukale 2. Tokunbo Martins 3. Uche Nwokedi 4. Adekunle Sonola 5. Isioma Ogodazi 6. Ebenezer Olufowose 7. Ishaya Elijah B. Dodo 8. Sola Adeduntan – Managing Director 9. Gbenga Shobo – Deputy Managing Director 10. Remi Oni – Executive Director 11. Abdullahi Ibrahim – Executive Director 12.0 The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensure the stability of the financial system. There is therefore no cause for panic amongst the banking public, given that the actions being taken are meant to strengthen the bank and position it as a banking industry giant. https://www.premiumtimesng.com/news/headlines/458476-why-cbn-sacked-first-bank-board-emefiele-full-text.html mynd44 |
nyiamfrank:amen |
Good |
By Agency Report The Federal Government has inaugurated a homegrown ‘Plagiarism Detection Software Code’ called EagleScan to enhance the integrity of higher institutions. Vice President Yemi Osinbajo at the inauguration of the software in Abuja on Tuesday said that plagiarism was a form of corruption. Mr Osinbajo said that the initiative was part of the core mandates of President Muhammadu Buhari’s administration that announced the zero tolerance for plagiarism. According to him, the Federal Government is fully committed to support all initiatives that will continue to build and enhance the integrity of higher institutions. “Let me also say that the government will give all that is needed to ensure that anti-plagiarism measures are instituted across the country,” Mr Osinbajo added. Speaking, the Minister of Education, Adamu Adamu, while lauding the indigenous anti-plagiarism software, said it would facilitate the desired quality expected in institutions of higher learning. Also speaking, the Executive Secretary of the National Universities Commission (NUC), Abubakar Rasheed, emphasised the need to institutionalise an anti-plagiarism policy in all higher institutions. Mr Rasheed said that doing this would encompass various aspects of Plagiarism. “Having the software is one aspect of the battle against plagiarism. Universities must take concrete steps to institutionalise anti-plagiarism policy that forbids all aspects of the intellectual theft. “For so long the issues of plagiarism amongst others such as copyrights, as well as abuses of infringements, have robbed our universities the much desired integrity,” he said. Similarly, the Chairman of the occasion and the Deputy Chairman, Senate Committee on Higher Education, Sandy Onor, said the software would address the challenges of academic research authentication and validation. “The EagleScan Plagiarism Detection Software integrates global open source and closed source repositories, local Open Education Repositories and allows users to validate titles abstracts and generate originality report,” he said. The Executive Secretary, Tertiary Education Trust Fund (TETFund), Elias Bogoro, promised that the fund on plagiarism would be committed to working with the Committee of Vice-Chancellors to fight plagiarism. Mr Bogoro said that the fund was not only committed to the initiative but had effectively proceeded to make funding commitment towards the project. ”TETFund recently realised the need for software on anti-plagiarism for the National Research Fund. “We are also working on a software to package the impact of research but in respect of Plagiarism, we are happy to work with the Committee of Vice-Chancellors to fight plagiarism. “We are convinced of deepened content of academic engagement particularly research, the idea of operations must stop hence, the establishment of the Research & Development committee,” Mr Bogoro added. The Registrar, Joint Admissions and Matriculation Board (JAMB), Ishaq Oloyede, called for an all-inclusive concentration on the EagleScan. Mr Oloyede pleaded that the Plagiarism Detection Software be tagged a National Repository, saying that this would create more opportunities for all institutions across all sectors to subscribe. Also, the Chairman, Association of Vice-Chancellors, Timothy Olagbemiro, said the EagleScan would make the Nigerian university system more authentic. Mr Olagbemiro added that it would add value to education both in Nigeria and internationally. He, however, said the cost of development, deployment, maintenance and marketing of the software over the next three years had been projected at a total sum of N251,298,000. (NAN) https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2020/09/EhVsH25WAAERrCU-e1599677275721.jpg Vice President Yemi Osinbajo speaking at the ministerial retreat[PHOTO CREDIT: @ProfOsinbajo] https://www.premiumtimesng.com/news/more-news/458058-nigeria-inaugurates-eaglescan-homegrown-plagiarism-detection-software.html mynd44 |
APC is a scam |
President Buhari flew to London to see his doctor just before resident doctors in Nigeria went on strike over unpaid allowances By Yusuf Akinpelu Events have remained tumultuous in Nigeria since President Muhammadu Buhari made his latest trip to the United Kingdom late last month. While the president is resting in London, back home, Nigeria is grappling with a fever of industrial actions by public servants. Those out on strike include judiciary workers, resident doctors, parliamentary staff, Federal Capital Territory workers and staff of polytechnics and monotechnics nationwide. The doctors, on Saturday, suspended their strike for four weeks after some concessions from the federal government. There have also been renewed attacks on security facilities across the country, particularly in the Southeast, as the face-offs continue between security operatives and criminals. The president had departed the country for London on a two-week “short rest,” with one of his media handlers also saying that he was going for a “routine” medical checkup. The news that the president needed to see his doctor overseas came out after resident doctors threatened to down tools over unpaid allowances and breach of agreement by the federal government. The Nigerian leader and his handlers saw nothing wrong in travelling for ‘medical check-up’ at a time doctors in his country were preparing to down tools due to disagreements with his government. The doctors eventually commenced the strike two days after the president travelled. The doctor’s strike, before it was temporarily shelved, paralysed medical services at public hospitals in the country. This gave a boon to medical consultants, whose services only a few Nigerians can afford. The news of the president’s trip drew an outcry that his actions were at odds with his promise to cut the cost of governance and improve the healthcare system. But presidential publicist, Femi Adesina, downplayed the public outcry. “Did you hear all the ululation that attended the announcement and the trip? War of tongues: oh, he’s sick again (as if there’s anyone who’s 100% healthy. If there is, let’s see the person). “Resident doctors are going on strike, the President is traveling! Couldn’t he have built world class hospitals in Nigeria within the six years he has been in government? He’s going on medical tourism again! How much is the trip costing us o? Are we sure he will come back anytime soon?” he wrote on his Facebook wall. When flights were grounded and borders were shut worldwide for a large part of last year due to the new coronavirus, many political leaders, including Mr Buhari and his immediate family, were trapped at home for their medical care. At the time, the leaders vowed to pump more money into the health sector and grow the sector to global standard in preparation for another pandemic. House of Representatives’ Speaker Femi Gbajabiamila said: “We must ensure that our healthcare system at home is robust enough to accommodate and respond to current realities, because if we have learned anything from recent events, it is that in a global crisis, it is every country for itself.” But with President Buhari’s latest medical trip, it is clear that the job may not be done any time soon. Medical tourism has been estimated to cost Nigeria over N576 billion ($1.2 billion) yearly. The president himself will account for a sizable share of that outlay. Since 2015 when he came into office, he has made several trips to London with two of them lasting between 51 days and in early 2017 and 103 days in the middle of the same year. The president’s reluctance to patronise Nigerian doctors could be a catalyst for the exodus of doctors from the country, analysts believe, which should be worrisome for a country that has one doctor for every 5,000 people, as estimated by the Medical and Dental Council of Nigeria (MDCN). The U.K., the president’s preferred medical hub, has at least 8,192 medical doctors of Nigerian origin working there, according to the data from the U.K. General Medical Council. More strikes The nation’s highest court as well as other courts have been shut since last Tuesday. Efforts by the Chief Justice of Nigeria and the Nigerian Bar Association to broker a deal have fallen flat. Under the aegis of the Judiciary Staff Union of Nigeria (JUSUN), the umbrella body of judiciary workers at all levels in the nation, they are demanding financial independence. Like their judicial counterpart, members of the national Parliamentary Staff Association of Nigeria (PASAN) have declared an indefinite strike in the 36 states and the Federal Capital Territory (FCT). The president of the group, Usman Mohammed, said the action became necessary following the unwillingness of the federal government “to implement the financial autonomy act of 2018 and Presidential Order 10.” “Having exhausted all attempts aimed at asking for the implementation of the financial autonomy by the federal government after 21 days, 14 days and seven days ultimatums, the union has no other option than to direct our members to embark on an indefinite strike,” Mr Mohammed said penultimate Monday. Also, barely three months after universities were reopened after a nine-month-long strike, polytechnics and monotechnics have now been shut across the country. Members of the Academic Staff Union of Polytechnics (ASUP), downed their tools earlier in the week, a year after they threatened to, over unpaid salary backlogs, unfulfilled agreements, and ‘victimisation’ of members. Likewise, the Joint Unions Action Committee (JUAC) in the Federal Capital Territory Administration (FCTA) and Federal Capital Development Authority (FCDA) are on an indefinite strike. They are protesting against non-implementation of the FCT Civil Service Commission Act which has denied workers certain official benefits. They declared the office of the serving permanent secretary, Olusade Adesola, illegal saying he was deployed from the office of Head of Service against the provisions of the Act for an FCT Head of Service. They also accused FCT Minister Muhammad Bello of not implementing the Act signed three years ago by the president. Unhealthy security Meanwhile, before the commander-in-chief left, he held a meeting with security chiefs, directing them “to fish out and crush heads of bandits, kidnappers and their local collaborators to restore confidence in the society.” His order came amidst rising insecurity up north and attacks on security facilities down south. But it does appear the presidential order did not take immediate effect. Less than 72 hours after his departure, three police stations were attacked by gunmen in Imo State. The state’s police headquarters was also torched. So was its correctional centre headquarters, from where over 1,800 inmates are now at large. A few have returned into custody though. Vice President Yemi Osinbajo and then Inspector General of Police, Muhammad Adamu, travelled to the state to examine the situation but their visits did not deter one of the attacks. Mr Adamu accused outlawed secession agitators, IPOB, of being behind the attacks, an allegation IPOB denied. Governor Hope Uzodinma on his part said that “aggrieved politicians” were behind the attacks. Mr Adamu could not make it back home before he was sacked and replaced by Usman Alkali. The Nigerian Army also confirmed the killing of 11 personnel during a stabilisation operation in Konshisha Local Government Area of Benue State. An allegation that a retaliatory onslaught by the army left many dead in the community has been denied by the military. An aerial bombardment on Ntak Ikot Akpan, a community in Essien Udim Local Government Area of Akwa Ibom State, Nigeria’s South-south, by the military was meanwhile reported to have killed many. The defence headquarters said the shelling was targeted at miscreants who attacked and killed some police officers in the local government area recently. The president’s rest abroad is expected to end this week, but it is left to be seen how quick the concerns across the country will be resolved. https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2019/11/buhari-in-plane.jpg FILE PHOTO: President Muhammadu Buhari in a plane [Presidency] https://www.premiumtimesng.com/news/headlines/454772-analysis-as-buhari-takes-short-rest-in-london-nigeria-not-at-rest.html Mynd44 |
MufasaLion:the older the juicier |
Eriokanmi:by going under the knife. She wan kill herself |
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