Central Bank of Nigeria (CBN) has gone to the rescue of Small and Medium Enterprises (SMEs) in the country, with the spot sales of $100 million to them to ease their importation of critical and eligible finished and semi-finished goods.
The sales were made today, Tuesday, through the CBN’s newly opened Forex window for small scale importers.
The apex bank also released its results of 7 – 30 days forwards wholesale of $100 million and authorized dealers to subscribe fully to the $100 million offered at the forex auction in the interbank wholesale window yesterday, Monday.
The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, who made these known in a chat with newsmen, said that the new window for SMEs provides small scale importers an avenue to source forex to boost their respective businesses through the importation of eligible finished and semi-finished items.
He said that no SME will be allowed to transact more than $20,000 per quarter, even as sources at the CBN hinted that in an attempt to boost forex supply, the apex bank will soon begin spot forex auction sales and open a special window for investors to trade freely for certain eligible transactions, particularly dividends and investment remittances .
There have been doubts over the ability of the apex bank to sustain the current rate of liquidity in the market. Some experts have, however, pointed out that going by the current level of reserves, the accretion from oil revenues and the subdued level of demand, the CBN has the capacity to sustain supply even if it has to keep doing so for the next three months.
They pointed out that last September, the Bank survived with a reserve level as low as $24bn, reasoning that the gap between that and current levels stands at over $6bn, an amount that can sustain the market for a long time, coupled with ongoing steady accretion from global oil prices. [myad]
The House of Representatives is considering a Bill for an Act to abolish the discrimination between First Degree and Higher National Diploma (HND) in same profession, which passed second reading today, Tuesday.
The bill, which was sponsored by Rep. Ali Isa (Gombe-PDP) and Rep. Edward Pwajok (Plateau-PDP), seeks to prohibit the existing dichotomy between both certificates.
Contributing to the debate, Pwajok said that a research he carried out on both certificates, showed that the discrimination had no moral justification.
He said that the unfortunate situation would make the international community to look down on the status of educational institutions in the country, regretting that such discrimination existed in a critical sector that is required for national development.
According to him, those with first degree are placed on Grade Level 8, while those with HND are placed on Grade Level 6 or 7.
He said that in some organizations, degree holders were paid N100, 000 at entry level, while their counterparts with HND are paid N70, 000, observing that in other countries, technical experts are paid higher than administrators and that “the reverse is the case in the country’’.
He said that if the private sector must develop, proper recognition must be given to polytechnics and similar institutions in the country.
After the debate, the Speaker of the House, Yakubu Dogara, forwarded the matter to the Committee on Tertiary Education and Services for further actions.
The Senate has warned National Drug Law Enforcement Agency (NDLEA) and the Economic and Financial Crime Commission (EFCC) to drop plans to extradite Senator Buruji Kashamu to the United States.
The lawmakers asked the EFCC and other agencies involved in the extradition plan to drop the idea and allow the Nigerian judiciary to handle his case.
The position of the senate stemmed from the report of the Committee on Ethics, Privileges and Public Petitions which was presented today, Tuesday, by Chairman of the committee, Sen. Sam Anyanwu, at plenary.
Presenting the report, Anyanwu recalled that Buruji had petitioned the Senate, alleging plans to extradite him to the U.S. over alleged drug-related offences.
“A law firm called TRLP represented by one Prince Ajibola Oluyele said he wrote the petition in his capacity as the Solicitor to Sen. Buruji for the intervention of the Senate.
“This he said was in view of continued breach of the 1999 Constitution by the NDLEA in collaboration with some politicians to extradite him to the U.S. for prosecution for alleged drug offences when he was in the U.S.
“The solicitor said the senator has no case to answer in the US or UK, and that the whole thing was a case of mistaken identity.”
Anyanwu said that after thorough consideration of the petition, the committee recommended that courts in Nigeria be allowed to handle various aspects of the case before them without interference.
The President of the Senate, Dr Bukola Saraki, thereafter, put the recommendation to a voice vote and it was unanimously adopted by the lawmakers. [myad]
Head of the Catholic Church across the world, Pope Francis has predicted that he might not be alive in 2019.
According to the Associated Press, the 80-year-old Pope referred to his own death twice in the span of a few minutes at the vigil while speaking at a vigil service on the Catholic Church’s World Youth Day.
In reference to the 2019 edition of The Catholic Church World Youth Day, which will be held in Panama, Pope Francis told the crowd gathered at the St. Mary Major basilica: “I don’t know if it will be me, but the Pope will be in Panama!”
A few minutes earlier, he drew gasps from the pews when he said: “At my age, we (old people) are about to pass away.”
Sensing the pained reaction of millions of his listeners, he added: “Who guarantees life? No one. At your age, you have the future ahead of you.” [myad]
Nigerian police has announced the kidnap of two Turkish nationals who are workers of a construction company in Eket town in Akwa Ibom state.
State police spokesman, Chukwu Okechukwu said today, Tuesday that the two workers were taken Sunday and that so far there has been no word from their kidnappers.
Police would however not give any further detail of the kidnap, though it said that rescue efforts were underway.
Meanwhile, Turkey’s embassy has not yet commented on the incidence.
Two Turkish nationals were earlier kidnapped from an international school in Ogun state in January but were released after 11 days. [myad]
The United Nations Children Education Fund (UNICEF) has commended the Nigeria Army for releasing about 600 women, children and elderly men from Giwa military barracks in Maiduguri, Borno State.
In a statement today, Tuesday, UNICEF said: “the action of the Nigerian army today is a major step towards the protection of children affected by the ongoing crisis. It provides hope in a conflict that continues to have an enormous impact on people’s lives.
“These children were held under administrative custody on alleged association with Boko Haram militants. They are victims of the conflict and it is crucial that they receive medical care, psychosocial support and other basic services that will help them to regain their dignity.
“Once that process of recovery has started, we can help them to return to their families and to school or learn new skills that will give them some hope for the future.”
UNICEF said that it would continue to work with the relevant authorities to access children who are held for screening in order to safeguard their care and protection.
It said that when military screening is needed, children should only be held as a measure of last resort and for the shortest time possible in accordance with national and international standards.
“These children are – first and foremost – victims of the conflict and require support to recover from their experiences and reintegrate with their families and communities.” [myad]
The Director-General of Lagos State Safety Commission (LSSC), Hakeem Dickson, has recommended to individuals and organizations in the state to imbibe simple safety procedures to prevent all forms of accidents.
Dickson, who addressed news men on 9ja Safe Awards 2017 at Alausa, said that the LSSC had, since its inception, embarked on massive and rigorous campaign to orientate the public on the need to embrace safety in every facet of their life
“The commission spearheaded the injection of safety in the curriculum of all the Technical Colleges in the state and has also developed school safety and compliance manual.
“We have also engaged consultants who are qualified in different domains to assist us in ensuring that all organizations conform to lay down safety laws, regulations and measures in their day to day business.”
Dickson said that the commission is planning to introduce compulsory insurance for all buildings in the state with the assistance of insurance companies and the National Insurance Commission.
The Director and Enforcement, LSSC, Aderonke Odeneye, who also spoke, called on the public to endeavor to report safety infractions to the commission by becoming “hazard identifiers.”
Odeneye said that this would enable the commission to quickly identify accidents before they occur.
9JA Safe Awards is organized by Safety Record with the main objective of recognizing and encouraging outstanding performances of individuals and organizations towards raising and promoting safety consciousness among Nigerians.
The award will take place on September 8, 2017 at Lagos Oriental Hotel.
Nomination will begin from April 11 and closes on May 9, 2017. [myad]
The death, on Saturday evening, April 8, 2017, of Alhaji Isah Ovurevu Ademoh, after a protracted illness for over a year, has once again thrown up the argument in many quarters to the effect that good people never last: that they die young.
Did Alhaji Isah Ademoh die young at the age of 61 years, 2 months and 8 days? Could he have lived longer than the time he lived, if he had not been good? Indeed, how bad can a person be to live longer than the good one? And how long can bad one live to enjoy his fruit of badness? Questions and questions!
It was unanimously acknowledged that the deceased was a kind-hearted, humble and God-fearing civil servant cum farmer, who rose from the lowly rank of Agric Officer 1 to the position of Director in the Agric and Rural Development Secretariat of the Federal Capital Territory Authority (FCTA), from 1981 to 2016.
Just about two months to his retirement as Director in the Agric Secretariat, and indeed, from the government, after putting in mandatory 35 years of meritorious service, Alhaji Isah Ademoh had an accident in his car directly opposite the Kuje Area Council secretariat in Kuje town on December 19, 2015; the kind of accident that could be termed as funny and strange.
From that point of accident, after which he drove himself to his house, a few metres away, Alhaji Isah Ademoh had never enjoyed his body again up to the time he took the final exit from this world on Saturday. His condition degenerated from mere fever to near paralysis even though he did not develop High Blood Pressure that could be taken to result to stroke; to a complete knock down and finally unconsciousness.
Not quite four days after the strange accident, Isah Ademoh requested me to take him in my car to visit a neighbour who was reported to have been sick. But pleading from me and others around in his house, that he should take a rest, dissuaded him from going out to visit a sick neighbour with himself sick.
This scenario sums up the kind of person late Alhaji Isah Ademoh was: always caring about the welfare, happiness and well-being of his fellow human being, always planning for the happiness and good of others and so on, in spite of himself.
So caring he was that while others who have boreholes in a precarious environment like Kuje where water is gold, were making huge profits selling water to ‘customers’ who happen to be neighbours and others from distance, Alhaji Isah Ademoh allowed people, even from other villages and towns to fetch water from his borehole free. As a matter of fact, many people would go to his house with trucks load of jerricans and gallons as well as other containers to fetch water. He wasn’t bordered who were there to fetch the water: whether Christians, Muslims, men, women or children. And, the water flows 24 hours.
There were occasions when he quarreled with the persons maintaining the borehole for not telling him in time that the borehole had developed some hitches, even for a period of 30 minutes at a stretch: he took offence that people would not fetch water within that period. He spent money to repair the borehole whenever it developed hitch and to constantly flush the tank. So much he did it that when he was sick, Christians and Muslims organized regular prayer sessions in their Churches and Mosques for him to get well.
Late Alhaji Isah Ademoh exhibited so much of a high sense of simplicity that despite his position and status, he never made himself to be known or to be seen as an exceptional person. So much he did this that on many occasions, people have gone to his house to ask him that they wanted to see Alhaji Ademoh…and in most cases, he either would tell them that Alhaji Ademoh had gone out or simply acknowledged to them that he was the one.
Apart from taking part in community and religious promotions and activities, late Alhaji Isah Ademoh also took his farm, on Kuje-Gwagwalada road, as his second calling. Once he closed from work at FCTA, he would either go to his house to change dress before heading to the farm or he would go to the farm direct from office. He was a very agile, active and business-like person that you hardly would find him doing nothing at any given time.
As a matter of fact, there was hardly any weekend that he would not travel to Ebira land, in Kogi State, his birth, place to attend one community development activity or the other, and or to attend wedding, child naming and or burial ceremony or to just express solidarity to friends, relations and those he knew.
He single highhandedly financed and encouraged the translation of Holy Qur’an from its Arabic text into Ebira language, the way it had been done in Hausa and Yoruba languages. The project, anchored by the author of the first Ebira-English Dictionary, Yusuf Ozi-Usman with Sheikh Musa Onogu, Ustaz Musa Ogaminana and Ustaz Abdar-Rahman Murtada as co-authors, is now going through the process of being published, possibly by the Royal Kingdom of Saudi Arabia. He also built a flourishing Mosque around his house in Kuje, besides participating and sponsoring of religious activities, including the Christian ones.
Many people whose lives he positively touched in one way or the other were asking and wondering, when the sickness fell him: what had Alhaji Isah Ademoh done to anybody to deserve this kind of condition? Was it a case of good people don’t live long?
Of course, he finally died on that day, after battling with strange sickness that saw him being taken to most expensive private hospitals here in Nigeria and Dubai, where millions and millions of hard currencies were dispensed by his devoted wife, Hajiya Maimunat and upright children.
And, again, what does his death signify?
To me, because of my upbringing and later, my personal outlook to life, Alhaji Isah Ademoh died because his time, as appointed by his creator, had come. After all, for more than a year that he was bedridden, many other people had died, some through accident, others by sickness or even suddenly.
If Alhaji Isah Ademoh could make it to 61st birthday and beyond; if he could make it from lowly position at FCTA to the highest position in the same place; if he could train his five children (Kabiru in UK, Abdulmuhayimin in Dubai, Rabiu in Dubai, Fatimah in American University of Nigeria and Nasiru in Nigeria) to the high educational level as well as high moral standard in them; if he could make pressing personal impression on hundreds of others through his numerous kindness and, if he could live a life free of hatred, grievances, vendetta, conflicts, strife, gossips and other negative vices, it doesn’t really matter how long he lived.
It presupposes that the life of Alhaji Isah Ademoh, even if it is argued that it was short, was purposeful, meaningful and above all, Godly.
Better a man lives as a good man and be identified as good man by many people than being evil, devilish and ungodly and live long (beyond 100 years).
And, of course, the difference between the two is just a few years interval!
Just like between us, the living now, and Alhaji Isah Ademoh. [myad]
The Economic and Financial Crimes Commission (EFCC), working on a tip from whistle blower, today, Monday, intercepted huge sums of money in various currencies at the popular Balogun Market in Lagos.
The EFCC Head Media and Publicity, Wilson Uwujaren, said in a statement that the monies include €547,730 and £21,090 as well as N5,648,500 totaling about N250 million at the prevailing exchange rate at the parallel market.
“The interception followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unnamed persons. Operatives responded timely, met the money in Bureau de Change office, but a large chunk of it had been converted into Euro and Pounds sterling.
“The BDC operators found in possession of the monies claimed they were acting on behalf of their boss who sent the money to them from one of the Northern states in Nigeria.
“Two persons apprehended in the course of the raid are helping the Commission in its investigation.” [myad]
2001 Miss World, Agbani Darego, got married over the weekend to Ishaya Danjuma, son of former Defense minister and business man, Theophilus Danjuma.
Some online reports which the beauty queen/ fashion entrepreneur shared in her Instagram page showed picture where she displayed herself in wedding dress with her partner turning their backs to the camera at the wedding. She shared the picture with the caption, “08-04-2017, #Mrs. Danjuma “which was further confirmed by her friend, Elizabeth Elohor.
Elohor while sharing the same picture wrote: “Congratulations, Mr. and Mrs. Danjuma @agbanidarego. May the almighty God bless your union. #mysisismarried, #beautifulcouple, #Marrakesh.
Her post revealed that the couple held the wedding ceremony in Marrakesh, Morocco over the weekend.
Agbani is best known as the first native African to win Miss World when she clinched the crown in 2001 at the age of 18 after she became the Most Beautiful Girl in Nigeria that same year.
A graduate of Psychology from New York University, Agbani became the first Nigerian to place among the top 10 semi-finalists, finishing seventh overall.
She has judged numerous pageants, and fashion and modeling competitions including Miss World 2014, Miss England 2002, Mr. Scotland 2002, and Elite Model Look Nigeria 2012 and 2014.
Agbani helms her eponymous ready-to-wear denim and leisurewear fashion company, AD by Agbani Darego which she launched in 2010.
According to media reports, little is known of her husband, Ishaya who is the son of General Theophilus (TY) Danjuma except for his active involvement in the family business.
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