The Board of Directors of the African Development Bank (AfDB) Group has approved $20 million concessional investment to support the second phase of the COVID-19 Off-Grid Recovery Platform (CRP). This is contained in a statement issued by Olufemi Terry of Communication and External Relations Department of the AfDB on Thursday. The CRP is a blended finance initiative to unlock private capital for companies to mitigate the negative impacts of the pandemic. This would be done to advance access to clean electricity and ensure a green economic recovery. According to the statement, the Sustainable Energy Fund for Africa (SEFA), a multi-donor fund…
Author: Newsdesk
FBNInsurance on Thursday in Lagos rebranded to Sanlam Life and General Insurance Nigeria Ltd. following its acquisition by Sanlam, a non-banking financial services company. The Chief Executive Officer, Sanlam Pan Africa (SPA) Life Insurance Cluster, Mr Robert Dommisse, said at the inauguration that the rebranding would apply to life and general insurance businesses of the firm. Dommisse said the new name of the insurer would be Sanlam Life Insurance Nigeria Ltd. and Sanlam General Insurance Nigeria Ltd., respectively, with the motto: “Live With Confidence.” He said the rebranding would strengthen Sanlam’s strategy to deliver excellent products and services to clients,…
Summary Attorney General James Sues Donald Trump for Years of Financial FraudDonald Trump Falsely Inflated His Net Worth by Billions of Dollars to Further Enrich Himself and Cheat the SystemTrump, Donald Trump Jr., Ivanka Trump, and Eric Trump Used FraudulentStatements of Financial Condition to Obtain Millions in Economic BenefitsLawsuit Seeks to Remove Trump and His Children from Their Roles at the Trump Organization;Ban Them from Future Leadership Roles in New York; Repay $250 Million They Illegally Obtained. New York Attorney General Letitia James today filed a lawsuit against Donald Trump, the Trump Organization, senior management, and involved entities for engaging…
The ruling junta in Guinea has launched a violent attack on the current president of ECOWAS ahead of a summit of the organization, denouncing Wednesday’s remarks as a “disgrace”, Africa News has reported. In the attack on Thursday (September 22), the junta accused the ECOWAS president of practicing “clown diplomacy. “The crude lie and the remarks which are similar to intimidation are nowadays retrograde practices which do not honor its author and tarnish at the same time the brand image of ECOWAS. We cannot bear this shame,” said Colonel Amara Camara, secretary general of the transitional presidency. “We are not…
The Deji of Akure Kingdom and Chairman, Ondo State Council of Obas, Dr Aladetoyinbo Ogunlade Aladelusi, Odundun II, will on Thursday 22nd September, 2022 proceed on his annual seclusion otherwise called Ulefunta leave. The annual leave is expected to last for a period of seven days beginning from Thursday 22nd September, 2022 till Wednesday 28th September, 2022, according to a statement by Michael Adeyeye, Chief Press Secretary to the Deji. Oba Aladelusi “will use the period of the annual leave to pray for peace, prosperity and progress of Akure Kingdom,” the statement said. “It is pertinent to notify the general…
The Nigeria Correctional Service (NCoS) has cautioned job seekers against falling into the hands of scammers, as the service has not commenced any recruitment exercise. The NCoS spokesperson, Mr Umar Abubakar made this known in a statement on Thursday in Abuja. Abubakar said that the clarification became necessary following desperate efforts by fraudsters to scam unsuspecting job seekers. “The attention of the Service has been drawn to a fake advertisement for recruitment into the Service. “This is being peddled by some unscrupulous persons who were out to defraud unsuspecting job seekers. “The Service wishes to state categorically that the publication…
The Director General of the African Democratic Congress, ADC Global Campaign Council, Abdul-Azeez Suleiman, has dismissed claims that the National Working Committee of the party has been dissolved as desperate lies by frustrated expelled who lack respect for constitutionalism. Reacting to pieces of flyers circulated on the social media purported to suggest that factions exist in the party Suleiman said, the ADC is intact under its legitimate national chairman, Chief Ralph Nwosu. “The ADC national Secretariat is quite aware of the desperate propaganda being churned out from hotel bars by a renegade group sponsored the party’s expelled presidential candidate, Dumebi…
The National Association of Nigerian Students (NANS) has rejected the order of the National Industrial Court (NIC) for the Academic Staff Union of University (ASUU) to suspend its ongoing strike, describing it as “black market judgement”. Justice Polycarp Hamman on Wednesday, had ordered ASUU to suspend the ongoing industrial action, holding that the strike was a breach of the Section 18(1)(2) of the Trade Disputes Act, which prohibits their action. However, reacting to the judgement, the National Public Relations Officer of NANS, Giwa Yisa Temitope, described the ruling as a “black market judgment.” According to him, the ruling betrayed equity…
The Academic Staff Union of Universities (ASUU) has said it is set to appeal the order by the National Industrial Court (NIC) directing the suspension of its seven months old strike. In a terse statement signed by the Chairman of Lagos Zone of the union, Adelaja Odukoya on Wednesday, the union urged its members to “remain calm.” The union said its lawyer is already filing an appeal. “NIC Back to Work Order on ASUU: Be Calm.” It urged members and Nigerians to remain united, even as it suggested that the order would be vacated. “Our Comrade President, Comrade Victor Osodeke,…
1. The order granted against ASUU is interlocutory order that I’ll only last within the pendency of the main case between the parties involved; 2. The order granted against ASUU must be obeyed, even if such an order is perverse, until the order is set aside by a competent court, i.e Court of Appeal; 3. If ASUU chooses to disobey the said order, the effect is that ASUU cannot be heard in the substantive case while still in disobedience. On this, see case of Barrister Orker Jev V. Sekav D. Iyortyom (2014) LPELR- 23000 (SC). 4. However, ASUU has inherent…