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“NNPP imposes a six-month suspension on Kwankwaso and others”

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The Board of Trustees of the New Nigeria Peoples Party has taken action against its candidate in the February 25 presidential election, Sen. Rabiu Musa Kwankwaso, due to alleged anti-party activities. Alongside this, the Board suspended the National Working Committee of the party.

To fill the vacancies, they appointed new national officers, led by Dr. Agbo Major as acting National Chairman and Mr. Ogini Olaposi as acting National Secretary, along with 18 others.

Reportedly, these suspensions will remain in effect for a period of six months.

The decision was made through a voice vote by party members during a special general assembly held at Rockview Hotels in Apapa.

The party’s founder, Dr. Boniface Aniebonam, and the National Publicity Secretary, Major, were also suspended by the NWC on August 24.

At the conclusion of the meeting in Lagos, Babayo Muhammed Abdulahi, the Secretary of the BoT, accused Kwankwaso of unauthorized interactions with President Bola Tinubu, Alhaji Atiku Abubakar of the Peoples Democratic Party, and Mr. Peter Obi of the Labour Party.

Abdullahi revealed that Kwankwaso had lost his status as the NNPP national leader due to these actions.

Furthermore, he emphasized that the purported suspension of the NNPP founder disregarded the party’s constitution.

The BoT alleged that Kwankwaso’s participation in anti-party activities and unauthorized discussions with various political figures led to his six-month suspension pending investigation by the Disciplinary Committee.

The BoT declared that the breach of the Memorandum of Understanding (MoU) between NNPP, Kwankwasia Movement, TNM, and NAGAFF led to the withdrawal of partnership.

The acting chairman of the party, Dr. Agbo Major, expressed his intention to mend the divisions caused by the suspended NWC members and reaffirmed the party’s commitment to being people-oriented.

The special general assembly meeting witnessed the attendance of the new NWC and members from across the nation

“List of the ten Nigerian startups with the highest funding as of August 2023.”

Nigerian startups have gained substantial prominence worldwide, demonstrating their prowess in generating inventive solutions that captivate investors in pursuit of substantial returns.

As these investments prove lucrative, they pave the way for increased funding opportunities for both established and emerging innovators from Nigeria.

Amid the global economic challenges of 2022, which prompted significant layoffs by prominent tech companies, Nigerian startups managed to secure more than $1.2 billion in funding during the year.

Although this fell slightly short of the $1.5 billion achieved in 2021, Nigeria still retained its status as a favored destination for global venture capital and angel investors keen on exploring opportunities in Africa.

Nigerian startups have successfully traversed the fundraising journey from pre-seed to series D, with several now branching out into investing in other nascent ventures.

Despite the remarkable progress, the demand for additional funding continues to surge due to the continuous emergence of tech-savvy Nigerians with innovative ideas that necessitate financial infusion for scaling.

Presently, numerous startups are striving to bootstrap their operations and are eyeing their inaugural revenue streams, while a multitude of innovative enterprises are amassing millions in funding and aiming for more to facilitate business expansion.

The surge in funding within the Nigerian startup ecosystem is yielding numerous positive outcomes for the national economy. It is fueling job creation, propelling innovation, and attracting foreign investments.

These startups are also playing an increasingly pivotal role in addressing pressing societal challenges in Nigeria, such as financial inclusion, poverty alleviation, unemployment, and healthcare improvements.

Despite some deceleration in the current year, Nigerian startups are still actively securing funding.

Examining those that have raised capital in the past, as well as those that have recently secured investments, Nairametrics has identified the top 10 most well-funded startups in Nigeria based on their cumulative funding amounts:

1. Moniepoint ($55.5 million)
2. ThriveAgric ($65.4 million)
3. Konga ($79.5 million)
4. Kuda Bank ($91 million)
5. TradeDepot ($123 million)
6. Lumos Global ($125 million)
7. Moove ($335 million)
8. Andela ($381 million)
9. Flutterwave ($475 million)
10. OPay ($570 million)

These startups encompass a diverse range of sectors, including fintech, agriculture, e-commerce, and energy, collectively exemplifying the remarkable growth and potential of the Nigerian startup ecosystem.

 

Nigerian Cinemas joins Cinemas in UK and USA to announce “The Nigeria Cinema Day”

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NIGERIA CINEMA DAY

 

Nigerian Cinemas joins Cinemas in UK and USA to announce “The Nigeria Cinema Day” which takes place on Saturday, September 2, 2023. This is a global day that aims to reward cinema goers and bring back old customers with discounted ticket prices.

The Cinema Exhibitor’s Association of Nigeria welcomes moviegoers to celebrate a day at the movies with discounted tickets of N1000 to kick-off the first Nigeria Cinema Day, on Saturday September 2, 2023.

 

For more details go to www.ceannigeria.com and look for more announcements on all social media platforms on CEAN and your local Cinema’s Social Media Platforms and website.

 

Join thousands of other moviegoers and head to a Cinema near you.

Dangote Cement Plc has stated that Nigeria’s cement price is in line with or lower than prices across the West African coast.

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Dangote Cement Plc has stated that Nigeria’s cement price is in line with or lower than prices across the West African coast.

 

According to Dangote Cement, the price of a bag of cement from its factories across Nigeria (as at 28th August 2023) is N4,010 in Okpella and N4,640 in Ibese, Obajana, and Gboko. Including transportation costs and the location of delivery, prices could range between N5,000 to N5,300 per bag.

 

“This clarification was made in view of recent misinformation that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly, the Republic of Benin, and other neighbouring countries,”

 

The group managing director of Dangote Cement, Mr Arvind Pathak, advised that, it is important to distinguish Dangote Cement’s ex-factory prices from prices at which retailers sell cement in the market.

 

“Our check in Cotonou, the commercial capital of the Republic of Benin indicated that cement sells between CFA 3,495 and CFA 4,500, which at the current exchange rate of CFA 1: NGN 1.43 is between N4,997 to N 6,435 per bag,” he said.

 

“We continue to innovate new ways to deliver quality products to millions of our customers across Africa, while providing top-notch customer services. At Dangote Cement, we are committed to building an inclusive and sustainable business for all stakeholders across the value chain,” he explained.

Share the investigative findings regarding NDDC, as urged by women from the Niger Delta region to Tinubu.

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Leaders of women from various ethnic groups in the Niger Delta have urged President Bola Tinubu to release the findings of the forensic audit of the Niger Delta Development Commission (NDDC).

This call was made by Ms. Ann-Kio Briggs, who led a delegation, during a meeting with Dr. Samuel Ogbuku, the Managing Director of NDDC, in Port Harcourt.

The delegation comprised women from different ethnic organizations, civil society groups, faith-based and community organizations, market women, and NGOs.

The forensic audit, initiated by President Muhammadu Buhari in 2021, was designed to investigate NDDC’s activities from its inception to August 2019.

However, despite the completion of the audit several months ago, the government has not disclosed when the forensic report will be accessible to the public.

Ann-Kio Briggs expressed discontent with the prolonged delay in releasing the report, particularly given the substantial financial investment made in conducting the audit. She emphasized that the women of the Niger Delta are dissatisfied with the lack of publication of the NDDC forensic audit report.

Moreover, she drew attention to the substantial outstanding debts owed to NDDC, which have significantly hampered the commission’s operational effectiveness.

Briggs emphasized that women in the region have long been marginalized despite their active participation alongside men in advocating for justice, equity, accountability, and regional development.

She pointed out that the absence of women’s rights in appointments, development initiatives, political representation, and economic acknowledgment is an issue that cannot be disregarded.

She urged Dr. Ogbuku, the Managing Director, to prioritize addressing the concerns raised by the women.

This includes taking steps to ensure that the ongoing engagement between the NDDC and women’s representatives yields meaningful results.

Acknowledging the challenges faced by the region, Ogbuku noted that the commission is planning to launch projects and programs aimed at enhancing the capacity of women and youth in the area.

He revealed that the NDDC is in the process of organizing a Niger Delta Stakeholders Summit to address the issues faced by different groups, with a particular focus on women.

Ogbuku underscored the importance of women’s contributions to the region’s development and highlighted the intention to involve all stakeholders in shaping the NDDC’s strategies for regional progress.

He indicated that the upcoming summit would provide a platform for women to voice their aspirations for the future and allow various stakeholders to contribute ideas aligned with the current realities of the region.

UPDATE: Law enforcement apprehends more than 100 individuals suspected of being gay in Delta.

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The Delta State Police Command declared on Tuesday that it had apprehended over 100 individuals suspected of being involved in a same-sex wedding ceremony held at a hotel within Delta state.

The police, using their official social media account (formerly Twitter), revealed their intention to publicly present the apprehended individuals soon. The police force stated, “The Delta State Command has taken into custody more than a hundred individuals suspected of participating in a same-sex wedding event at a hotel.

We will be conducting a live broadcast on Facebook shortly to showcase the aforementioned suspects.”

Since enacting the anti-gay legislation in 2014, individuals believed to be engaged in homosexual activities have frequently been apprehended and exhibited by law enforcement agencies.

Notably, in December 2020, the Lagos State Police Command detained ten individuals on suspicion of partaking in homosexual activities within a brothel situated in the Okota region of the state.

Similarly, in earlier instances, such as 2018, the state police had paraded 57 men accused of engaging in homosexual conduct at the Kelly Ann hotel in Egbeda.

Furthermore, in January 2022, eight individuals purportedly involved in homosexual activities were taken into custody at a hotel in Isolo, Lagos.

The anti-gay legislation established in 2014 prescribes a prison sentence of 14 years for any individual found guilty of engaging in sexual activities with members of the same sex.

NLC and FMBN in Conflict Regarding Disputed N238 Billion National Housing Fund.

Differences have emerged between the Nigerian Labour Congress (NLC) and the Federal Mortgage Bank of Nigeria concerning the management of the contributory National Housing Fund (NHF).

Established as a result of the NHF Act of 1992, this initiative mandates both public and private sector employers to make monthly deposits into the fund, aimed at facilitating affordable residential housing for Nigerians.

At the heart of the dispute lies the NLC’s discontent with how the fund is being handled.

The NLC has even gone so far as to threaten withdrawal from the contributory funds due to their dissatisfaction.

The President of the NLC, Joe Ajaero, expressed his concerns during an investigative hearing organized by a House of Representatives ad hoc committee.

Ajaero cited administrative complications in accessing the mortgage scheme as fostering corruption within the system.

However, the Group Head of the Federal Mortgage Bank of Nigeria, Mrs. Timan Elayo, countered these claims, pointing out that the FMBN had encountered a substantial number of NHF applications.

Unfortunately, due to financial limitations, the bank was unable to fulfill all these requests, leading to some being denied mortgage access.

Elayo explained, “While we strive to meet as many requests as possible within our available resources, the reality is that the number of Nigerians seeking houses exceeds the funds we can disburse.”

Chris Onyeka, the National Secretary-General of the NLC, challenged the FMBN’s assertion that Nigerian workers were successfully obtaining mortgages through the NHF.

He accused the bank of failing to provide transparent accounts of the funds to the intended beneficiaries.

Onyeka emphasized that the fund should be easily accessible to the contributors, without hindrance.

He argued, “Access to these funds seems limited to a privileged few, which is a recurring issue. We have the right to use our hard-earned money without obstacles.”

Breaking News: Nnamdi Kanu Asserts He Won’t Plead for His Freedom.

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The detained leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu, has communicated to the Federal Government that he will not plead for his release, following his clearance by Justice Binta Nyako of the Federal High Court in Abuja. A letter dated August 25, 2023, signed by Kanu’s lead counsel, Mike Ozekhome, SAN, conveyed this message.

The letter became available on the night of August 28, 2023. Ozekhome expressed concerns about the poor condition of Kanu’s detention facility under the Department of State Services.

In response, Kanu urged that asking for his freedom would disrespect the memory of the late Pa Mbazulike Amechi.

He highlighted Amechi’s efforts to implore the Federal Government to fulfill his final wish, which were met with disregard.

Kanu emphasized that his situation doesn’t necessitate begging for release.

He referenced the Court of Appeal’s ruling on October 13, 2022, which not only acquitted him but also forbade further trial and detention.

As of now, there are no pending charges against Kanu.

Kanu’s legal representative, Ifeanyi Ejiofor, conveyed that during a meeting with Kanu and his lawyers, he expressed gratitude for those advocating his release.

However, he emphasized that the focus should be on the Supreme Court scheduling an expedited hearing for the appeal filed by the Federal Government.

On August 28, 2023, the legal team visited Kanu to discuss actions taken to address concerns about his well-being and the SSS’s failure to provide his medical records.

They have submitted a request for the Chief Judge of the Federal Capital Territory to appoint a Magistrate to inspect the SSS facility where Kanu has been held in solitary confinement. This is based on provisions of the Administration of Criminal Justice Act, 2015.

Due to the SSS’s refusal to provide Kanu’s medical records, as directed by Justice Binta Nyako’s July 20, 2023 judgment, lead counsel Mike Ozekhome initiated a contempt proceeding against the State Security Service and its Director General, citing their violation of court orders.

NO PLAN TO BORROW TO FINANCE NIGERIA’S ECONOMY- WALE EDUN

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NO PLAN TO BORROW TO FINANCE NIGERIA’S ECONOMY- WALE EDUN

 

The Minister said Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

 

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

 

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

 

Mr Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

 

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

COST OF GOVERNANCE: PRESIDENT TINUBU DIRECTS NON-INCLUSION OF FGN OFFICIALS WITH NO DIRECT UNGA PARTICIPATION FROM TRAVELING IN NIGERIA’S DELEGATION

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STATE HOUSE PRESS RELEASE

 

COST OF GOVERNANCE: PRESIDENT TINUBU DIRECTS NON-INCLUSION OF FGN OFFICIALS WITH NO DIRECT UNGA PARTICIPATION FROM TRAVELING IN NIGERIA’S DELEGATION

 

As part of a broader effort to reduce the cost of governance in Nigeria, President Bola Tinubu has directed the Federal Ministry of Foreign Affairs to freeze the processing of visas for all government officials seeking to travel to New York for the United Nations General Assembly without proof of direct participation in UNGA’s official schedule of activities.

 

To prevent any sharp practice in this regard, the U.S. Mission in Nigeria is accordingly guided on official visa processing while Nigeria’s Permanent Mission in New York is further directed to prevent and stop the accreditation of any government official who is not placed on the protocol lists forwarded by the approving authority.

 

By this directive of the President, all Federal Ministries, Departments and Agencies are mandated to ensure that all officials, who are approved for inclusion in the UNGA delegation, strictly limit the number of aides and associated staff partaking in the event. Where excesses or anomalies in this regard are identified, they will be removed during the final verification process.

 

The President wishes to affirm that, henceforth, government officials and government expenditure must reflect the prudence and sacrifice being made by well-meaning Nigerians across the nation.

 

Ajuri Ngelale

 

Special Adviser to the President

 

(Media & Publicity)

 

August 28, 2023