Home Blog Page 1406

UCH denies owing IBEDC N495m

0
UCH denies owing IBEDC N495m

University College Hospital, Ibadan, says it did not owe the Ibadan Electricity Distribution Company a N495m bill, as being insinuated.

UCH’s Public Relations Officer, Mrs Funmilayo Adetuyibi, stated this in a statement made available to the News Agency of Nigeria on Wednesday in Ibadan.

NAN reports that IBEDC had disconnected power supply to UCH due to what it called accumulated bills of N495m, thus throwing the facility into darkness.

Adetuyibi, however, said that it was not true that the hospital had an accumulated bill of N495m over the last three years.

She said that the present UCH administration, led by Prof. Jesse Otegbayo, assumed office on March 1, 2019, and inherited over N27m as of February 27, 2019, adding that it had since ensured the monthly payment of bills brought by IBEDC.

According to her, the UCH management has also been settling the backlog of bills inherited from previous administrations.

“This management has had meetings with the IBEDC management on several occasions.

“Aside that, a payment plan on how to offset the backlog of the outstanding debt has been forwarded to both the consultant of IBEDC and the regional head of IBEDC.

“This payment plan was rejected by IBEDC. They insisted that first payment of N250m should be made within three months.

“This management’s catchphrase is ‘patients’ comfort and staff welfare.’ In essence, the issue of power supply and water supply to the hospital is critical to our operations.

“While we can say that we have outstanding bills to settle with the IBEDC, the hospital management has left no stone unturned in our proactive approach in making sure our teeming patients have access to adequate medical care at all times,” she said.

Adetuyibi denied the report that the hospital usually spent N160 million on diesel on a monthly basis, adding that only about N15m to N17m was being expended on diesel per month.

She also said that IBEDC had never given 24-hour power supply to UCH, according to the records of the hospital’s internal audit department.

“The narrative of patients’ relations buying sachet water does not arise at all. Even though the hospital does not have optimal water supply due to power outage, we rely on the generator to pump water.

“The hospital has only 45 generators. Out of these 45 generators, some are due for servicing while some are due for replacement,” she said.

Adetuyibi further stated that the hospital’s management had also made available solar inverters in some areas, including all out-patient clinics, Accident and Emergency Department, Endoscopy Suites, ECG Suites, Staff Clinic, Owena Dialysis Ward, and the Medical Microbiology Department, among others.

“As stated earlier, the contention we have with IBEDC is the old bill inherited by this current administration.
“We paid N50 million in January 2024, N55 million in February 2024 and N45 million in March 2024,” she said.

The public relations officer added that IBEDC was insisting that the hospital must pay the inherited bills, whereas it (UCH) had been settling the old bills along with current bills.

She said the management had appealed to the electricity distribution company on several occasions not to charge UCH on commercial rates because it renders social services.

“But our appeals have not had the ears of the company.

“However, in order to mitigate the effect of power outages, the hospital has set up an energy committee.
“The committee is responsible for raising funds to pay electricity bills and providing solar-powered energy to other service areas in the hospital.

“Aside that, the energy committee is charged with finding lasting solution, in the short and long term, to the energy problem.

“We plead with well-meaning individuals, corporate organisations, and the international community at large to come to the aid of the hospital.

“UCH is a national heritage; our collective legacy, and the onus of maintaining it lies on us all,” Adetuyibi said.

NAN

Public debt stock rises to N97.34tr in Q4 2023 – NBS

0
Public debt stock rises to N97.34tr in Q4 2023 – NBS

Nigeria’s public debt stock rose from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars) in the fourth quarter of 2023.

The National Bureau of Statistics said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q4 2023 released in Abuja.

The report said Nigeria’s public debt stock, which included external and domestic debt, grew by 10.73 per cent on a quarterly basis.

It said that external debt stood at N38.22 trillion (42.50 billion dollars) in Q4 2023, while domestic debt was N59.12 trillion (65.73 billion dollars).

“However, the share of external debt to total public debt stood at 39.26 per cent in Q4 2023, while domestic debt was recorded at 60.74 per cent.’’

In a breakdown by states, the bureau said that Lagos State recorded the highest domestic debt of N1.05 trillion in Q4 2023, followed by Delta with N373.41 billion.

The report showed Jigawa recorded the lowest domestic debt at N42.76 billion, followed by Kebbi at N60.69 billion.

In addition, it stated that Lagos state recorded the highest external debt with 1.24 billion dollars , followed by Kaduna state with 587.07 million dollars.

“Borno recorded the lowest external debt with 20.49 million dollars , followed by Yobe with 21.49 million dollars,” the NBS stated.

NAN

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from According.

Contact: [email protected]

Address growing security challenges, NGE urges govts

0
Address growing security challenges, NGE urges govts

The Nigerian Guild of Editors has urged the government at all levels to step up efforts in addressing growing security challenges across the country.

This is contained in a communique issued and signed by the NGE President, Mr Eze Anaba, and the General Secretary, Dr. Iyobosa Uwugiaren, after the forum’s Standing Committee Meeting held in Enugu, over the weekend, a copy of which was made available to The According on Wednesday.

The guild described the recent release of students of LEA Primary School and Government Secondary School in Kuriga, Chikun Local Government Area of Kaduna State, as a good development.

“The Guild congratulated the Office of the National Security Adviser, Governor Uba Sani of Kaduna State and security agencies for their roles in securing the release of the students – after three weeks in the kidnappers’ captivity,’’ the statement read.

The guild also called on the Federal Government to speak out on the Editor of FirstNews Newspaper, Segun Olatunji, who was abducted from his Lagos home by some men in military uniform.

It added, ‘’The Guild, which demanded the immediate release of the editor, said that any publication by the media if believed or suspected to be false, should be interrogated and tested through the legal process.

‘’The editors condemned how the editor was abducted, saying such action had no place in a democracy, especially under the President Bola Ahmed Tinubu-led government, which has consistently promised to be guided by the rule of law in all his actions, policies and programmes.

‘’The media/journalists must be allowed to continue to operate in an atmosphere conducive to the performance of their constitutional duty of holding government accountable to the people.

‘’Government or security agencies must not be perceived to be doing anything to the contrary, or attempting to stifle the media under a democratic government.”

The guild described the recent ambush and killing of 17 military personnel in the Okuama community, in Delta State, and the aftermath of the alleged military’s revenge as disheartening.

It called on the Federal Government to dig deep into the killing of soldiers in Okuama, and unravel the ‘’real circumstances’’ in which the incident and its aftermath occurred, with a view to bringing those indicted to book and preventing a recurrence.

While noting the rising cost of living in the country, which saw Nigeria’s headline inflation rate increase from 29.90 per cent in January to 31.70 per cent in February, the editors attributed the current harsh economic space to the worsening security situation, removal of subsidy on petrol, and the devaluation of the Naira, following the unifying of exchange rates.

The communique added, ‘’The Guild observed measures by the Central Bank of Nigeria to reverse the falling value of the Naira, and urged it to ensure the results are long-term and not temporary.

‘’The professional body also acknowledged initiatives by the government at various levels to reduce the hardship in the country – through various palliatives and intervention schemes.

‘’And said that such measures should not be beneficial only in the short-term, hoping that government policies, in the long run, will make life easier for the people.’’

The guild, which commended the mass media for their resilience – amidst the harsh economic realities of the times, called on journalists to continue to perform their responsibilities with a sense of professionalism.

‘’In the face of the nation’s security challenges and tough economic ecosystem, the Guild urged journalists to be circumspect, and not sacrifice truthfulness in their reportage.

‘’The media must continue to carry out their responsibilities with a sense of nationalism, and be careful not to inadvertently give stimulus to terrorists/bandits in their reportage,’’ the editors added.

Group warns against media trial

0
Group warns against media trial

A Northern-based group, the Concerned Civil Society Network, has expressed concern over the fate of the detained Publisher of Kaduna-based Desert Herald Newspaper, Tukur Mamu, in the custody of the Department of State Services.

The organisation also decried the media trial of Mamu, noting that the “Nigerian Sanctions Committee lacked the statutory mandate to pronounce on, and to designate him (Mamu) as terrorists’ financier.”

The Federal Government had recently unveiled the identity of 15 entities, including nine individuals, among them, Mamu and six Bureau De Change operators and firms, allegedly involved in terrorism financing.

Details of the development were revealed by the Nigerian Financial Intelligence Unit, in an email sent to The According entitled “Designation of Individuals and Entities for March 18, 2024.”

Mamu’s counsel kicked against the list and threatened litigation if not retracted.

The organisation’s convener, Bako Usman, while addressing a press conference in Kaduna, said the continued detention of Mamu since 2022 in the DSS facility was worrisome.

According to him, it is degrading for the Federal Government to designate Mamu, a media consultant to Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, as terrorists financier.

He said, “We, as concerned civil society organisation, have decided to speak up after a long season of silence in the face of an attempt to deny most Nigerians their fundamental human right by forces that be as Tukur Mamu is equally not an exception.

“It is almost two years now that the publisher, a journalist, and most of all, a Nigerian who was arrested and incarcerated for crimes bothering on sponsorship of terrorism. Ordinarily, our organisation would not have spoken out, but recent events have pushed us to.

“First, we are appalled at the attempt to use media as the staging ground to tell the world that the publisher of Desert Herald Newspaper, Mallam Tukur Mamu, is one of the financiers of terrorism.

“In recent times, Mamu’s health has deteriorated to a worrisome dimension with life-threatening alignments. This much was ascertained by the DSS themselves, but they refused him access to proper medical treatment or allow his personal doctor to have access to him.

“Courts of competent jurisdiction had ruled that Mamu should as a matter of urgency be allowed to access his doctors for urgent medical treatment, the Federal Government refused.”

Public debt stock increases to N97.34tr in Q4 2023 – NBS

0
Public debt stock increases to N97.34tr in Q4 2023 – NBS

Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars) in the fourth quarter of 2023.

The National Bureau of Statistics said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q4 2023 released in Abuja.

The report said Nigeria’s public debt stock, which included external and domestic debt, grew by 10.73 per cent on a quarterly basis.

It said that external debt stood at N38.22 trillion (42.50 billion dollars) in Q4 2023, while domestic debt was N59.12 trillion (65.73 billion dollars).

“However, the share of external debt to total public debt stood at 39.26 per cent in Q4 2023, while domestic debt was recorded at 60.74 per cent.’’

In a breakdown by states, the bureau said that Lagos State recorded the highest domestic debt of N1.05 trillion in Q4 2023, followed by Delta with N373.41 billion.

The report showed Jigawa recorded the lowest domestic debt at N42.76 billion, followed by Kebbi at N60.69 billion.

In addition, it stated that Lagos state recorded the highest external debt with 1.24 billion dollars , followed by Kaduna state with 587.07 million dollars.

“Borno recorded the lowest external debt with 20.49 million dollars , followed by Yobe with 21.49 million dollars,” the NBS stated.

NAN

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from According.

Contact: [email protected]

Yen hits 34-year low, equity markets experience mixed trading

0

 

The yen dropped to 151.97 to the dollar on Wednesday, the lowest point since 1990 before strengthening slightly.

The fall, according to an AFP report raised speculation that authorities would step into markets to support the currency after officials warned in recent days against speculation.

The plunge brought the yen to a 34-year low against the dollar after a top Bank of Japan official indicated it would press ahead with a loose monetary policy, even after this month hiking interest rates for the first time since the global financial crisis.

Earlier in the day, Bank of Japan board member Naoki Tamura said officials would not embark on a speedy programme of monetary tightening as they try to nurture an economic recovery while keeping a lid on inflation.

 

“The handling of monetary policy is extremely important from here on for slow but steady progress in normalisation to fold back the extraordinarily large-scale monetary easing,” he said, according to Bloomberg News.

Finance Minister Shunichi Suzuki said the government was watching the situation closely.

“We’re monitoring market movements with a high sense of urgency. We will take resolute action against excessive moves, without ruling out any options,” he told AFP on Wednesday.

The weaker yen helped spur a rally in the Nikkei as exporters benefited, making the index the region’s best performer.

“Given recent history a breach of 152 could instigate intervention,” National Australia Bank’s Rodrigo Catril said. “The break of (the) previous high has accelerated the move.”

Similarly, other markets were in mixed trading ahead of key US data releases this week, including the Federal Reserve’s preferred gauge of inflation, and the looming corporate earnings season.

Hong Kong, Shanghai, Seoul, Jakarta and Wellington were down, while Sydney, Singapore, Taipei, Mumbai, Bangkok and Manila rose.

London and Paris fell at the open while Frankfurt was higher.

The tepid performance followed another soft day on Wall Street with observers warning the latest equities rally may have run out of steam as traders assess the outlook for Federal Reserve interest rates.

While the US central bank last week indicated it would cut borrowing costs three times this year, some investors fear that recent indicators and comments from decision-makers have put that in doubt.

Figures released Tuesday on February’s durable goods sales suggested the world’s top economy remained healthy and consumer confidence had picked up, though less so about the future.

Jobless claims and economic growth readings are due over the next few days, before the crucial personal consumption expenditures (PCE) index on Friday.

While that is expected to show a slight pick-up from January, analysts said that would not likely spook markets too much, though a big miss to the upside could cause concern.

Next month sees the start of earnings releases, which could have a major impact on sentiment, as the recent rally across markets has been partly based on expectations for future profits.

“With market valuations at lofty levels, there’s little room for corporate earnings performance to falter or for the Federal Reserve to deviate from its anticipated course of three rate cuts,” said Stephen Innes at SPI Asset Management.

“Any divergence from these expectations could potentially lead to market turbulence.”

– Key figures –

Tokyo – Nikkei 225: UP 0.9 per cent at 40,762.73 (close)

Hong Kong – Hang Seng Index: DOWN 1.4 per cent at 16,392.84 (close)

Shanghai – Composite: DOWN 1.3 per cent at 3,993.14 (close)

London – FTSE 100: DOWN 0.1 percent at 7,926.09

Dollar/yen: UP at 151.72 yen from 151.53 yen on Tuesday

Euro/dollar: DOWN at $1.0824 from $1.0833

Pound/dollar: UP at $1.2629 from $1.2628

Euro/pound: DOWN at 85.70 pence from 85.78 pence

West Texas Intermediate: DOWN 1.0 per cent at $80.80 per barrel

Brent North Sea Crude: DOWN 1.0 per cent at $86.35 per barrel

New York – Dow: UP 0.1 per cent at 39,282.33 (close)

AFP

Traditionalists want traditional religious knowledge as subject in schools

0
Traditionalists want traditional religious knowledge as subject in schools

Traditional Religion Worshippers’ Association, on Wednesday, urged both the Federal and State Governments to establish schools where traditional religious knowledge would be taught as a subject to impart the younger generation with the Yoruba culture and tradition.

The Secretary of the Oyo State branch of the association, Fayemi Fakayode, who made this call in Ibadan, the state capital, further urged the governments to include traditional religious knowledge as a subject in the primary and secondary school curricula like Islamic Religious Knowledge and Christian Religious Knowledge.

Fakayode, in a statement personally signed, stressed the need for proper education to disabuse the minds of the younger generation about Yoruba history and antecedents.

He explained that the miseducation of Africans about their origin and culture had led to many wrong perceptions about their traditional religion.

The secretary, who is the Founder of Olodumare’s Temple of Light International, said, “We made this call during the installation of two Brazilians, Awoyomi Fakayode and Iyanifa Ifatayo Obemo as Mayegun and Yeye Mayegun of Ìjọ Ìmọ́lẹ̀ Olódùmarè Àgbáyé, respectively, on Sunday at Alade Town in the Akinyele Local Government Area of the state.

“The time has come for both the Federal and State Governments to include TRK as a subject in the primary and secondary school curriculum, like they have the IRK and CRK, respectively. There is a need for proper education to impart to the younger generations the needed knowledge of our traditions and religion.

“Also, there is a need to equip the younger generations with culturally based knowledge which will make them useful for themselves and their land as well as implanting in them the spirit of patriotism that will make them unyielding to the spirit of betraying their ancestors.

“We call on the traditionalists to start making efforts to establish this subject in our primary and secondary schools, while the Federal and State Governments will give it the needed support by approving its inclusion in the school’s syllabus and curriculum.”

He said with TRK in place, the children and grandchildren would not be taught about their own religion, culture, tradition, and history by foreigners and those from other religions, who have painted the religion in bad light to lure them away.

Ondo APC elders ask Aiyedatiwa to probe gov aspirant’s death

0
Ondo APC elders ask Aiyedatiwa to probe gov aspirant's death

The elders of the All Progressives Congress in Ondo State have called on Governor Lucky Aiywdatiwa to investigate the circumstances that surrounded the death of one of the governorship aspirants of the party, Dr Paul Akintelure.

According Online reports that Akintelure died on Tuesday in Lagos during a brief illness at the age of 61.

Prior to his death, Akintelure had, in a statement issued some days ago through his media aide, Olalekan Akintelure, alleged a threat to his life.

He, however, said he would not be intimidated by any threat.

“The threats against me only strengthen my resolve to stand up for what is right and just. I will not allow fear to dictate our path forward, for us to embrace peace, progress, and unity.

“Our collective strength lies in us to stand together as one, regardless of our differences,” Akintelure wrote in the statement.

To this end, party elders under the auspices of Ondo APC Aborigine, at a meeting on Tuesday, said there was a need for the governor to investigate the deceased’s death, considering his threat to life allegation.

The Chairman of the Ondo APC Aborigines and former Nigerian Ambassador to Togo, Sola Iji, who spoke after the meeting, expressed sadness over the death of the late medical doctor.

He said the purpose of the meeting was to announce the preferred candidate of the group among the over 15 governorship aspirants jostling for the ticket of the party, but the meeting was postponed to a later date to honour the deceased aspirant.

Iji said, “The meeting was meant to receive and adopt the final report of the resolution of the group in supporting one of the aspirants. We were shocked earlier this morning when we learnt of the death of Dr. Paul Akintelure. We have to suspend our meeting to seize the opportunity to mourn his demise.

“A few days back, he spoke out about threat to his life. If he so expressed that threat, even though we do not know the details, we call on the governor to unravel whatever mystery surrounding his death.

“It is part of responsibilities of government to protect lives and property. We have adjourned till another date to discuss.”

The state governor, Aiyedatiwa, had, in a statement, described the death of Akintelure as shocking and devastating.

Aiyedatiwa, in the statement by his Chief Press Secretary, Mr Ebenezer Adeniyan, sympathised with the Akintelure family and the people of Okitipupa Local Government Area of the state.

The statement read, “Dr. Akintelure was a wonderful human being and was a core progressive. He was very consistent and loyal to the tenets of progressive politics in Ondo State and Nigeria.

“He was a friend and associate. He conducted his private business and public affairs with so much decorum and humility to the admiration of many. We have lost a complete gentleman. He will be greatly missed. ”

Following the incident, all the governorship aspirants of the APC have suspended their political activities in honour of the late chieftain of the party.

9PSB Mentors Students on Financial Discipline

0
9PSB Mentors Students on Financial Discipline

9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, reaffirmed its commitment to all-inclusive financial services.It extended its financial literacy and mentorship programme to Rosebay Schools, Lekki Phase 1in Lagos State to mark this year’s Global Money Week theme, “Protect Your Money, Secure Your Future”

L-R: Head, Human Resources, 9 Payment Service Bank (9PSB), Alex Ohai; Head of Sales and Strategic Partners, 9PSB, Kunle Isiaka; Group Head, Business Development and Strategy, 9PSB, Akeem Salam; Head of Rosebay Schools, Mrs. Irede Daniels; Team Lead, Marketing Communications, 9PSB, Inemesit Ekong and the pupils of Rosebay Schools during the Global Money Week Mentorship and Financial Literacy program held recently at Rosebay School, Lekki Phase 1, Lagos State

 

Speaking during the mentorship session, Group Head, Business Development and Strategy at 9PSB, Akeem Salam, emphasized that to earn money one must engage in a productive activity by working for an organisation, offering services, running a self-employed business, or conducting investment ventures that will yield returns at a stipulated period. Therefore, the money earned must be secured through depositing it in a savings account in the bank to yield interest for future use.

L-R: Regional Sales Coordinator, South-South, 9PSB, Nse Inyangudo; Head of Sales and Strategic Partners, 9PSB, Kunle Isiaka; Group Head, Business Development and Strategy, 9PSB, Akeem Salam and a cross-section of pupils of Rosebay Schools during the Global Money Week Mentorship and Financial Literacy program held recently at Rosebay School, Lekki Phase 1, Lagos State

‘’To make money, one must understand and define his or her purpose in life, identify your niche where you can perform excellently by creating value through your services and people will be willing to pay.For you to know how important money is, this week has been dedicated globally to raising awareness about financial literacy, targeting children like you to raise your consciousness on how to protect your money and secure your future,” Salam remarked.

Group Head, Business Development and Strategy, 9PSB, Akeem Salam and a cross-section of pupils and staff of Rosebay Schools during the Global Money Week Mentorship and Financial Literacy program held recently at Rosebay School, Lekki Phase 1, Lagos State.

“The future is not too far from now, you need to start planning and investing your money, and your parents and teachers need to help you begin the journey. The most important thing now is to ensure you start saving, be consistent and disciplined, so you will not have to regret tomorrow,”he added.

A cross-section of 9 Payment Service Bank Staff during the Global Money Week Mentorship and Financial Literacy program held recently at Rosebay School, Lekki Phase 1, Lagos State

Global Money Week is an annual global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes, and behaviours necessary to make sound financial decisions and achieve financial well-being and financial resilience.

 

 

== Ends ==

 

 

 

ABOUT 9 PAYMENT SERVICE BANK

9 Payment Service Bank (9PSB) is a registered Nigerian bank operating under the approval of CBN to provide unique banking services to the underbanked, and unbanked, as well as innovative services to individuals with bank accounts. 9PSB operates as a fully digital bank and runs its agency network. 9PSB is a bank for everyone accessible by everyone and offers a seamless online and offline banking experience.

 

 

 

 

 

 

 

 

 

 

FRSC sets up 200 mobile courts for traffic offenders

0
FRSC sets up 200 mobile courts for traffic offenders

The Federal Road Safety Corps says it has set up more than 200 mobile courts to prosecute traffic offenders during the Easter special patrol operations across the country.

This was contained in a statement on Wednesday by the corps Public Education Officer, Jonas Agwu.

Agwu said the mobile courts were set up towards ensuring a safe and smooth 2024 Easter celebration.

He quoted the Corps Marshal, Dauda Biu, as urging the commanding officers to ensure full deployment of staff for maximum visibility.

Biu urged them to ensure prompt removal of obstructions on all highways across the country.

This, he said, was in line with the operational guidelines of the 2024 special patrol scheduled to commence from March 29 to April 2.

According to him, the objectives of the special operations are reducing road traffic crashes, road traffic fatalities, and road traffic injuries.

“The Corps Marshal, Federal Road Safety Corps, Dauda Ali Biu, has tasked Commanding Officers to ensure full deployment of staff for maximum visibility, prompt removal of obstructions and ease of movement on all highways across the country.

“This is in line with the operational guidelines of this year’s Easter special patrol scheduled to commence from March 29 to April 2, 2024.

“As contained in the operation order, the objectives of the special operations are reduction in road traffic crashes, road traffic fatalities and road traffic injuries; prompt response to road traffic crash victims,” he said.

Speaking further, Agwu noted, “To this end, the corps would carry out aggressive enforcement including conducting over 200 mobile courts operations, with the aim of checking various offences.

“Speeding and dangerous driving/overtaking, lane indiscipline/route violation, road obstructions, use of phone while driving, and overloading would be thoroughly checked.”

The corps added that it deployed over 743 patrol vehicles, 184 administrative vehicles, and 92 ambulances for the Easter special patrol across the country.