Television Nigerian

Court postpones Mompha’s trial until July 3: Money laundering

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May 16, 2023

Court postpones Mompha’s trial until July 3: Money laundering

In the alleged N6 billion fraud trial involving Ismaila Mustapha, also known as Mompha, Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, May 15, 2023, adjourned further hearing until Wednesday, July 3, 2023, due to the absence of his lawyer. The hearing will now take place on Wednesday, July 3, 2023.

On Monday evening, our correspondent was able to obtain a correspondence in which the spokesperson for the Economic and Financial Crimes Commission, Wilson Uwujaren, revealed some information.

Uwujaren mentioned that on January 12, 2022, the Lagos Zonal Command of the EFCC arraigned Mompha along with his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretence, and use of property derived from unlawful activity. Uwujaren also mentioned that the charges

In one of the counts, it is stated that “Ismaila Mustapha, Ahmadu Mohammed (at large), and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honorable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18, with the intention of promoting the carrying on of specified unlawful activities to wit: obtaining by false pretence.”

In spite of this, Mompha entered a plea of not guilty to the charges.

Read Also: US charges Nigeria with violating religious freedom

In addition, the spokesperson for the EFCC noted that the EFCC had informed the court during the proceedings that took place on June 10, 2022, that Mompha was in possession of another passport in addition to the one that he had submitted to the court as part of the conditions of his bail, and that he had used the same passport to travel from Ghana to Dubai via Emirates Airlines on April 11, 2022, in violation of the court order. This was mentioned by the spokesperson for the EFCC.

According to Uwujaren, “Consequently, Justice Dada had revoked the N25 million bail variation granted to him, and also issued a bench warrant for his arrest over his failure to appear in court.” The bench warrant was issued because of the defendant’s failure to appear in court.

The EFCC had issued a warrant for his arrest as well. However, Mompha has not been seen in court since the 16th of June in the year 2022, despite the EFCC continuing their efforts to secure his arrest and bring him back before the judge.

“On September 22, 2022, Justice Dada issued an order that the trial would continue even though the defendant was not present in court. This was due to the defendant’s persistent absence from court as well as the inability of both the prosecution and the defense to produce him in court.

“During Monday’s proceedings, the counsel for the EFCC, S.I. Suleiman, informed the court that the prosecution, in collaboration with its international partners, had secured the arrest of the defendant.” “Attorney for the Economic and Financial Crimes Commission”

Suleiman stated, “We would like to bring to the knowledge of my lord that, in collaboration with our international partners, we have been able to apprehend him, and we plan to take him into custody and produce him before the court,” Suleiman said.

In addition to this, he reported to the judge that the attorney representing the defendant “reached out to me seeking an adjournment that he would be absent today.”

The judge has postponed the proceeding until the following Monday, July 3, 2023, for the purpose of continuing the trial.

US charges Nigeria with violating religious freedom

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May 16, 2023

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US charges Nigeria with violating religious freedom

The commission reported a worsening of criminal activity and violent armed group incidents that affected religious freedom.

A Shari’a court executed Sheikh Kabara for blasphemy, according to one of the examples cited by the commission. For blasphemy and other offenses, judicial authorities jailed humanist leader Mubarak Bala for 24 years.

The United States claims that “in 2022, the environment for religious freedom in Nigeria remained unfavorable, with both state and non-state actors committing particularly egregious violations of religious freedom.

While some government representatives worked to address the causes of religious freedom violations, other officials actively violated the rights to religious freedom of Nigerians, including by enforcing blasphemy laws. Religious freedom was worsened by increased criminal activity and armed group violence.

In addition, the report stated that “rampant violence and atrocities across Nigeria continued to impact freedom of religion or belief, including militant Islamist violence; some forms of identity-based violence; mob violence; and criminal, political, and vigilante violence impacting worship.”

Read Also: Blacklist: Review hasty terrorism-clad conclusion on Nigeria, Northern Christain leaders tell U.S

The US stated that it took note of the federal authorities’ accelerated efforts to address violence affecting religious freedom, including by institutionalizing harsher punishments against offenders, enhancing military efforts to neutralize Islamist fighters in the North, and stepping up efforts to look into and apprehend offenders of the most heinous attacks.

“The effectiveness of these efforts remained in question, while in some regions state and local officials failed to fully prosecute individuals who incited mob violence against alleged blasphemers,” it was stated.

“Security and judicial sector reform aimed at preventing and offering redress for religious violence remained stagnant, with such efforts largely absent from or peripheral to leading politicians’ policy priorities,” the report stated.

In spite of ongoing problems with religious freedom in the nation, it was added, “In November, the U.S. Department of State failed to designate Nigeria as a Country of Particular Concern for engaging in particularly severe violations of religious freedom.”

The Commission recommended that the United States government “designate Nigeria as a CPC, for engaging in systematic, ongoing, and egregious violations of religious freedom, as defined by the International Religious Freedom Act, and redesignate Boko Haram and ISWAP as ‘entities of particular concern,’ or EPCs, for engaging in systematic, ongoing, and egregious violations of religious freedom, as defined by IRFA.”

Proposed retirement age increase sparks new discussion

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May 16, 2023

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Proposed retirement age increase sparks new discussion

According to HENRY FALAIYE, experts have voiced contrasting opinions on the Nigeria Labour Congress’ request to raise the country’s retirement age and years of service requirements for civil servants.

During the celebration of 2023 Workers’ Day on May 1, Nigeria Labour Congress President Joe Ajaero demanded that the retirement age and length of service requirements for the entire public sector, including the civil service, be raised from 60 to 65 years of age and 35 to 40 years of service, respectively.

According to Ajaero, it is now essential to review the retirement age and years of service across the board in the Public Service. This extension was already made in other areas of the Public Service, and labor believes it should continue.

Only a few other establishments, such as the core civil service, are now excluded, he claimed. Therefore, we are requesting that the retirement age and length of service be raised to 65 years of age and 40 years of service, whichever comes first, for the entire public service, including the civil service.

There have been conflicting views on the subject ever since the NLC president called for the extension of the nation’s retirement age and years of service.

Dr. Muda Yusuf, the chief executive officer of the Centre for the Promotion of Private Enterprise, noted that many civil servants were calling for an increase in the retirement age because they were finding it difficult to start new businesses after they retired.

Most of them can’t run a business, he said. Therefore, even when they attempt to conduct business, the majority of them lose money, and many people con them by offering them a variety of absurd business ideas and venture proposals. Since it is difficult to start a business when you have spent your entire life in the civil service, many of them have lost their entitlements as a result of choosing the incorrect line of work.

He asserted that many retired civil servants have trouble fitting into other situations.

He claims that the NLC’s request for an increase in the retirement age and length of service makes some sense.

“At least, if the employees are healthy and fit, they can work for up to 65 years before retiring.

Read Also: Retirement: the implementation of the 65 year retirement age and 40 year of service begins Jan. 1

He argued, “After all, judges are permitted to serve for up to 70 years, and in the universities, they permit them to serve for up to 70 years.”

He argued that the demand of labor was supported by an existing precedent.

Some consultants work well into their eighties. Because of their years of experience, the older they are, the better, according to Yusuf.

According to him, employees should be permitted to work up to 65 years if they are in good health and are still productive.

“Nearly 90% of them are unable to conduct business. As long as they are productive, the longer they can stay, the better for them,” he said.

NLC demand should be taken into consideration on its own merits, according to senior HR expert and consultant Tolu Adedayo.

He claims that some businesses even lower the retirement age so that workers can leave the workforce earlier and start working for themselves.

He clarified that his former employer had a 55-year-old retirement age. “The rationale behind that is that people would still be nimble so that they could accomplish something on their own after leaving work.

He clarified, “What we do is provide them with post-retirement business ideas and training so that, even before they leave paid employment, they are already trained and equipped with everything they would need to survive.

He pointed out that given the standard of living and Nigeria’s economic situation, the NLC may be calling for an increase in the retirement age and the number of service years.

I believe that retiring early is the best course of action. In France, where the government was attempting to raise the retirement age, there was recently a national demonstration in the nation.

“The French government’s plan to raise the retirement age was to decrease the number of retirees. Therefore, in my opinion, the best way to move forward is to encourage entrepreneurship, teach Nigerians how to start their own businesses so they can generate more jobs, encourage them to retire early, and provide them with the resources and training they need to survive after retirement.

The African Centre for Supply Chain’s Director-General and President of the Association of Outsourcing Professionals, Dr. Obiora Madu, claimed in an interview with The PUNCH that the question of whether the retirement age and length of service should be reviewed was unimportant.

Productivity ought to be the main concern, according to Madu.

He claimed that raising the retirement age and the length of service would have a negative effect on output.

He continued by saying that the Nigeria Labour Congress should be concerned with the productivity of the civil servants and that they ought to demand a living wage and depart from the system when it was time.

He questioned, “Given that the unemployment rate is around 33%, where will those people find employment if they raise the retirement age and length of service for civil servants?

For Victor Oyesina, an expert in human resources and talent acquisition, it was one thing to publicly demand that the retirement age be raised to 65 and that the length of service in the public sector be increased to 40 years; it was quite another to actually follow through with the declaration or proposal by designing the systems and processes that would enable the justification for that extension to stand.

He claims that the government speaks more than it does.

“Are they prepared to create the systems that would bring about those outcomes?

Because the current administration is coming to an end, labor must wait until the next administration to complete this.

Because no one knew who would be appointed to the Ministry of Labour and Productivity, Oyesina continued, the timing was improper.

“It’s wise to raise this so the incoming administration is aware. Of course, the National Assembly will still have to pass various bills.

“It’s great that the NLC was spreading awareness. Starting with awareness will allow us to monitor how implementation proceeds, he said.

Dr. Dare Ajiboye, a fellow of the Chartered Institute of Personnel Management of Nigeria and a former general secretary of the Bible Society of Nigeria, pointed out that before raising the retirement age and the number of years of service, the country’s life expectancy rate needed to be taken into account.

What is the country’s average life expectancy at this time? According to him, Nigeria’s life expectancy is between 50 and 55 years, and the country is pushing for a 40-year service requirement and a 65-year pension age.

He asserts that one should consider the demand’s justification and practicality.

It implies that if one has a 55-year life expectancy, they begin to deteriorate between the ages of 45 and 50.

“What happens to people’s productivity when they reach 65 years old. Would they still produce as anticipated?” he questioned.

He claimed that because their jobs were less demanding than those in private businesses, where employees struggle to meet goals, civil servants were pushing for an increase in the retirement age.

Ajiboye argued that it would be difficult for someone to be very productive at the age of 65.

It is not just Nigeria that is currently debating retirement age and length of service. While the country’s labor union is pushing for an increase in the retirement age, their French counterparts opposed their government’s plans to raise the retirement age from the current 62 years to 65 years. Hundreds of French workers protested against the extension in April because they were so adamantly opposed to it.

The UK government recently announced that it was thinking about increasing the retirement age from 60 years to 68 years by 2035. If adopted, the proposals would apply to current employees who are under the age of 54.

The Prime Minister and Chancellor were warned by some of the nation’s lawmakers that raising the retirement age to 68 would be “playing with fire.”

According to reports, millions of Britons may be able to extend their careers thanks to government plans to raise the retirement age to 68 by 2035.

The proposal, which would apply to people born in the 1970s and later, was reportedly expected to be announced in the March Budget.

Backbench MPs have warned both Prime Minister Rishi Sunak and Chancellor Jeremy Hunt that they are ‘playing with fire’ in the lead-up to the next general election.

The Treasury reportedly estimated it to be worth millions to the UK’s struggling economy, according to the proposal. In response to the rising cost of living, hundreds of thousands of workers have already decided to reduce their pension contributions.

Different tactics clearly work for different people, as evidenced by the varied responses to proposals for a review of the retirement age.

Offer Ajaokuta for sale without any concessions

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May 16, 2023

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Offer Ajaokuta for sale without any concessions

It is not surprising that the Federal Government’s most recent initiative to concession the Ajaokuta Steel and Itakpe Iron Ore companies has also sparked a storm given the long history of official evasion, dubious concessions, asset stripping, litigation, and worker and host community protests. The House of Representatives and labor unions oppose the President’s (major general Muhammadu Buhari, retired) plan to grant concessions to the two businesses. The controversy is yet another chapter in the complicated story of the steel complexes, which have cost the nation more than $8 billion in 40 years with little to show for it.

Buhari attempted to further complicate matters on his way out of office after failing to take decisive action to clear the mess through a transparent privatization process to a reputable international steel sector operator for eight years. On the grounds that it is against the interests of the country, the House wants the proposal suspended. We are also concerned about the timing of the concession arrangement, said a lawmaker named Abdullahi Halims. why at this time? Why is it necessary to act quickly to sell off such important national assets in a brief period of less than six weeks?

The Kogi Heritage Protection Advocacy and the Iron and Steel Senior Staff Association of Nigeria, both stakeholder groups, have also denounced the concession agreements, for which 11 companies have submitted bids, three of which are from Russia. Additionally, the Kogi State Government filed a lawsuit against the Federal Government in an effort to scrap the plan.

The history of Nigeria’s steel industry is a case study in bad leadership, waste, corruption, and missed opportunities. The National Iron Ore Mining Company, Itakpe, and the Ajaokuta Steel Company, both in Kogi State, serve as the backbones of the complex integrated steel system, with additional steel companies dispersed throughout the nation.

While previous administrations privatized the Delta Steel Company, Ovwian-Aladja, and the three rolling mills in Osogbo, Jos, and Katsina, Ajaokuta and Itakpe remain in state hands, are idle, and continue to drain taxpayer funds without providing any benefits. Previous administrations’ attempts to make concessions to them failed miserably, preventing Nigeria from benefiting from a robust steel foundation for its economy after spending over $8 billion.

Nigerians’ suspicion of concessions, commercialization, and privatization is understandable. The Bureau of Public Enterprises acknowledged that 37% of the 142 SOEs sold between 2004 and 2018 had failed, despite the National Assembly’s claim that about 80% of privatized state-owned enterprises had failed or were failing a few years earlier. In contrast, asset sales in other nations produced “strong performance improvements, achieved surprisingly without sacrificing employment security,” as reported by the Journal of Finance.

Nigeria’s unions, who understandably worry about their jobs, contend that “national patrimony” shouldn’t be sold to shady investors, especially given that prior concession agreements haven’t been advantageous to the nation. These statements are partially accurate, but they do not sum up the requirements of the modern economy.

The liberalization of the telecom industry generated tax revenue, jobs, and foreign direct investment. The National Council on Privatization has just awarded Transcorp Power a post-privatization discharge certificate for operating the Ughelli Power Plant successfully, despite the poorly executed power privatization of 2013.

In 2003, the Olusegun Obasanjo administration began the tragic history of treacherous concessions at Ajaokuta, first going to the obscure company Solgas and then to Global Steel Holdings Limited. NASS’s later findings demonstrate that instead of making investments and increasing production, succeeding concessionaires stripped their assets. Concerned, the Umaru Yar’Adua administration confiscated the ASC in 2008 and granted GSHL the NIOM concession for the remaining nine years of the concession.

It was ineffective. Nigeria’s attempt to industrialize itself instead failed. After that, GSHL went to arbitration in a London court, where Nigeria agreed to pay the Indian company $496 million.

Fair enough, the Warri-Itakpe rail line was finished by the Buhari administration, which was necessary for transporting produced steel and raw materials. Buhari traveled to Russia as a result of its pledge to revive the ASC in 2019, but it claimed that this plan was thwarted by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022.

Because the sector has stagnated since the Buhari-led junta overthrew the Shehu Shagari civilian administration in 1983, Nigeria is actually paying for the serious mistakes of its previous governments. Nigeria was poised to take a significant role in the global steel industry under Shagari.

This is a lost opportunity. The DSC was built with a $1.8 billion investment (at a 60 kobo to $1 exchange rate), but was reportedly sold for $30 million. The rolling mills are dead right now. Nearly all of the auto assembly plants that were supposed to rely on domestic steel producers have closed.

Nigeria has failed on every level. In addition to the $496 million fine, the government has been allocating roughly N3.5 billion annually for salaries to idle ASC staff since 2016. The third and fourth quarters of 2021 saw Nigeria import iron, steel, and metals worth N837.76 billion.

In contrast, India, the second-largest producer in the world, shipped 6.7MT in 2022–2023, per Reuters.According to Statista, in 2021 there were 308,675 workers in the sector across 27 EU countries.

According to the World Steel Association, global crude steel production will fall to 1.87 million tonnes or 4.2% in 2022, but several nations that started the journey with Nigeria finished their own projects within a decade. These include Argentina, Brazil, Brazil, Egypt, South Africa, India, Iran, Venezuela, Saudi Arabia, and Venezuela. Egypt, Libya, and South Africa held the top three positions in Africa, where 1.1MT was produced in 2022.

The new administration should work with the NASS, the BPE, the NCP, host state governments, unions, and host communities to conduct an extensive review of the industry in order to save it.

The government will stop paying salaries for redundant workers, stop importation, create jobs, collect income taxes, and save on foreign exchange, which are all significant benefits that have made outright privatization the global trend.

The government of Nigeria must abandon the notion of making yet another concession—the only workable choice is an outright sale.It should stay away from the mistakes made in the past that gave privatization a bad reputation.

Demand for phones worldwide has decreased 21%, in three years

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May 16, 2023

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Demand for phones worldwide has decreased 21%, in three years

Shipments of mobile devices on a global scale have decreased by 21% over the past three years.

According to information that was obtained from the International Data Corporation, the number of phones that were shipped all over the world decreased by 22 percent, going from 340 million units in the first quarter of 2021 to 268 million units in the first quarter of 2023.

When compared to the previous quarter, the global shipment was at its highest in 2021, but it dropped to 311.2 million units in 2022, and then it dropped even further to 268 million units in the first quarter of 2023.

When compared to the previous year, the number of mobile phones shipped around the world hit an all-time high of 1.67 billion units in 2021, but only 1.21 billion units were shipped the following year.

Earlier, we had reported that the total number of global smartphone shipments in the first quarter of 2023 came in at 268.6 million units, which was a decrease of 14.6% year-on-year.

As a result of lukewarm demand, inflation, and general economic unpredictability, this was the seventh consecutive quarter in which the smartphone market experienced a decline in revenue.

IDC reported that the decrease was greater than the 12.7 percent that it had predicted it would experience in its previous forecast.

According to a report that was published by the World Economic Forum in 2021, “Some experts think that “peak smartphone” is already behind us, but market research group IDC remained hopeful for the industry to return to previous heights and even surpass them.”

Nabila Popal, the Research Director of the Worldwide Tracker team at IDC, stated that “The industry is going through a period of inventory clearing and adjustment,” despite the fact that there may have been a decrease in the demand for phones all over the world.

Read Also: UI, UNN, others stand out in international varsity ranking

“Market participants continue to exercise caution and are opting to take a conservative approach rather than flooding a channel with additional stock in order to chase after momentary gains in share. If we want to avoid an unhealthy situation like the one that will exist in 2022, I believe that doing this is the prudent thing to do.

“Although we have reason to believe that we will be back on our feet by the end of the year, we still have a difficult three to six months ahead of us. Everyone is tense and worried about the specific time that the tide will turn, and they all want to be the first ones to ride the wave of recovery when it arrives. Nevertheless, it is a difficult circumstance.”

In general, the effects of inflation and market saturation have thrown the global phone shipment market into chaos. This is especially true in light of the fact that projections about a significant economic downturn are becoming more likely.

UI, UNN, others stand out in international varsity ranking

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May 16, 2023

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UI, UNN, others stand out in international varsity ranking

According to the Centre for World University Rankings, the University of Ibadan, the University of Nigeria, the University of Lagos, and the Ahmadu Bello University have all been ranked among the top universities in the world.

According to the list that was published on the website of the international organization on Monday, there was a total of 20,531 universities that were ranked, but only 2,000 made it onto the global list.

Read Also: Court tells NYSC, don’t declare Enugu gov-elect certificate fake

The University of Ibadan achieved a ranking of first in Nigeria and 1,163rd out of a possible 2,000 worldwide.

The University of Nigeria, Nsukka (UNN) came in at number two on the national list and 1,784th overall.

While ABU was ranked fourth nationally and number 1,881 on the global list, UNILAG was ranked third in Nigeria and placed at number 1,875 on the global list.

According to the ranking, the top five universities in the world are located as follows: Harvard University in the United States; Massachusetts Institute of Technology in the United States; Stanford University in the United States; University of Cambridge in the United Kingdom; and University of Oxford in the United Kingdom. All five universities are located in the United States.

As a consequence, the rankings were determined by factors including research, employability, faculty, and education.

“While it is encouraging to see Nigeria making gains in the rankings, funding to further promote the development and reputation of Nigeria’s higher education system is vital if the country aspires to be more competitive on the global stage,” Dr. Nadin Mahassen, President of the Center for World University Rankings, said in response to the national picture: “While it is encouraging to see Nigeria making gains in the rankings, it is vital for the country to have funding to further promote the development and reputation of Nigeria’s higher education system.” “Efforts need to be made to ensure that Nigeria attracts top academics and students, that increasing enrollment numbers at universities come alongside increases in teaching capacity, and that tertiary education expenditure as a percentage of the national GDP steadily grows over the next several years.”

Court tells NYSC, don’t declare Enugu gov-elect certificate fake

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May 16, 2023

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Court tells NYSC, don’t declare Enugu gov-elect certificate fake

The National Youth Service Corps and its Director of Corps Certification, Ibrahim Muhammed, are not permitted to make any further denials that the NYSC certificate dated January 6, 2003, issued to the candidate for governor of Enugu State, Peter Mbah, was faked, according to an order from the Federal High Court in Abuja.

Mbah is the plaintiff in the case, and the defendants are the NYSC and Muhammad.

Following an ex parte motion filed on behalf of the applicant on May 4 by Emeka Ozoani (SAN), Justice Ekwo issued the ruling.

Recall that opposition political parties charged Mbah of the Peoples Democratic Party with submitting a forged NYSC certificate to the Independent National Electoral Commission during the lead-up to the March 18, 2023 governorship election.

The NYSC denied providing Mbah with the certificate in a letter of response dated February 1, 2023 and signed by Muhammad.

The plaintiff subsequently petitioned the court for an order of temporary injunction prohibiting the NYSC and its directors from issuing and disseminating statements regarding the certificate saga.

Justice Ekwo granted the first request on the motion paper for “An order of interim injunction restraining the defendants and respondents, whether by themselves, their directors, from issuing, publishing disclaimer to the effect that the plaintiff Mbah Peter’s NYSC certificate of national service, certificate No. A.808297, issued in accordance with Section 11 of the National Youth Service Corps Decree No. 51 of 1993, was not issued by the Nationa

Read Also: FG opposes bill to stop doctors from migrating

The plaintiff claimed in the motion paper that he returned to Nigeria after earning his law degree from the University of East London in 2000 and that, in order to practice as a barrister and solicitor of the Supreme Court of Nigeria, he applied for and was accepted into the Bar part 1 program of the Nigerian Law School.

He claimed that after passing the Bar Part 1 Exam, he had to wait for the Bar Part 2 Programme and was told not to waste time waiting around by not starting the required one-year NYSC program.

The plaintiff claimed that after being selected for the NYSC, he was sent to the Nigerian Ports Authority Apapa Quays for his primary assignment but was turned down by the NPA, which led him to seek representation from the law office of Ude & Associates.

“The plaintiff applied for and was granted permission to defer the NYSC during his service year and after completing six months of it in order to finish the Bar final exam.

The plaintiff was subsequently re-mobilized to finish the NYSC program, which he did.

Mbah asserted that he received the National Service Certificate with the number A.808297 dated January 6, 2003 after completing his NYSC service.

The trial judge therefore mandated that the applicant serve court papers on the defendants within two days of receiving the order.

FG opposes bill to stop doctors from migrating

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May 16, 2023

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FG opposes bill to stop doctors from migrating

A bill being considered by the National Assembly to stop Nigerian doctors from moving to what they believe to be better climates was deemed “unworkable” by the Federal Government on Monday.

After the extraordinary Federal Executive Council meeting, which was held at the State House in Abuja under the chairmanship of Vice President Yemi Osinbajo, Minister of Labour and Employment, Senator Chris Ngige, disclosed this while fielding questions from journalists.

Ngige said the bill violates current labor laws in response to a threat by resident doctors to go on a five-day warning strike over perceived attempts to imprison medical and dental graduates nationwide for five years before granting them a practicing license.

According to reports, the move will stop a mass exodus of medical professionals from the country, according to the bill’s sponsor, Lagos State representative and member of the House of Representatives Ganiyu Johnson.

Read Also: Amotekun kills 14-year-old boy by torturing him for his stepmother’s missing N500

The proposed legislation is known as “A Bill for an Act to amend the Medical and Dental Practitioners Act, Cap. M379, Laws of the Federation of Nigeria, 2004, to mandate any Nigeria-trained medical or dental practitioner to practice in Nigeria for a minimum of five years before being granted a full license by the Council to provide Nigeria with high-quality healthcare services; and for related matters.”

In response to the news, the Nigerian Association of Resident Doctors made plans to go on a five-day warning strike and vowed to fight any attempt to “enslave” Nigerian doctors.

In addition, they demanded the domestication of the Medical Residency Training Act, an immediate increase in the Consolidated Medical Salary Structure of 200 percent of the current gross salaries of doctors, the immediate implementation of CONMESS, and a review of the hazard allowance by all state governments as well as private tertiary health institutions where any form of residency training is done, among other things.

Nobody, according to Ngige, “can say they (doctors) won’t get a practicing license until after five years,” he added. It will go against the national laws that have governed the development of medical practice.

“Nobody can be prevented from obtaining a full license by the National Assembly’s bill. That bill was introduced by a private member. They deal with private member’s bills and executive bills in the National Assembly.

Governmental bills bearing the executive’s signature flow into the National Assembly.

“Either the President or the Attorney-General of the Federation, but usually the Attorney-General of the Federation, sends it. Consequently, it is a private member’s bill rather than an executive bill.

“That document, in my opinion, is not workable. I don’t support it now and I never will support it.

It’s like killing a fly with a sledgehammer, as I previously stated. If they want to stop the brain drain, they should come up with alternative methods.

The Minister claimed that the five-day strike was not necessary because the government was already in contact with the Nigerian Medical Association, the umbrella organization for NARD.

“On the demand for a 200% pay increase, the NMA is the parent organization of all doctors in Nigeria, and it has four or five affiliate associations, of which the resident doctors’ association is one.

Consequently, NMA is in discussions with the Federal Ministry of Health, the Salaries Income and Wages Commission, and the Ministry of Labour. As far as we are aware, NMA has agreed to a salary increase of between 25% and 30% for all of its members.

“I’m not sure why NMA members are now approaching me and demanding a 200% pay raise, so I don’t understand their reasoning.

“I don’t comprehend it. Since the government deals with NMA on matters of remuneration negotiation, I called the NMA President to get in touch with them. In order to engage them, I have instructed the NMA President to get in touch with them. He said that they shouldn’t strike because it wasn’t necessary.

Ngige added that the Employee Compensation Act of 2010 was approved for universal implementation by the Council as a result of a memo put forth by his ministry.

The law, he said, is administered by the Nigeria Social Insurance Trust Fund, and it will take the place of the previous Employee Compensation Act, also known as Workmen Compensation.

Ngige stated that the Council had approved the ECA for widespread implementation, which “means that, aside from the private sector, which is already implementing, the public sector, which is government; federal, state, and local governments, now have to adopt this for the protection of their workers.”

According to the Act, a worker who is hurt on the job, has an accident, contracts a disease, becomes disabled, or dies while working should receive compensation and remuneration, and even his family should receive payment.

Some of the children were not given the opportunity to attend school or receive an education until the age of 21.

“So today is a good day for Nigerian workers because the ILO’s Convention 102, which promotes decent work, has a significant section on what they refer to as workers’ protection in the course of work,”

Amotekun kills 14-year-old boy by torturing him for his stepmother’s missing N500

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May 15, 2023

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Amotekun kills 14-year-old boy by torturing him for his stepmother’s missing N500

Ayomide Adeghalu, a 14-year-old boy, was tortured to death by members of the state security organization Amotekun over a missing N500 when tragedy struck in Ondo town, Ondo State.

The incident happened in Ondo town’s Odojomu neighborhood’s Ogbonkowo area.

The deceased, who sold cooked rice for his stepmother, was unable to explain where the money from his day’s sales went missing.

The stepmother reportedly spanked him after becoming alarmed by the situation and insisted he give an explanation for the missing N500.

The stepmother allegedly subjected him to a string of punishments because he was still unable to account for the missing money.

Later, the stepmother gave him to some security personnel, who allegedly tortured him in the hopes that he would confess.

According to reports, he was severely tortured to the point where he lost consciousness and had to be hurriedly taken to the local hospital, where the doctors declared him dead.

Later, the Fagun Police Station received a report about the development.

His remains have been placed in the morgue of the local state specialist hospital.

His mother…

The mother of the deceased, Mary Adeghalu, expressed her sorrow over her son’s unexpected passing to reporters.

She claimed to news reporters that she had divorced the deceased boy’s father many years prior and that the boy had since lived with the stepmother.

“I was informed about my son’s condition and had to rush to the area to save him from those the stepmother handed him over to torture him over missing N500,” she claimed.

“I was shocked to learn that my son Ayomide had passed away because I had last seen him looking healthy.

He never complained of any illness; instead, it was discovered that security personnel had tortured him to death because N500 had gone missing.

She pleaded with the security services to help identify and apprehend his son’s killers.

“My son was wasted simply because he couldn’t account for regular N500,” she claimed. I desire justice.

It was unsuccessful to get in touch with Chief Adetunji Adeleye, the state commander of Amotekun.

The matter was under investigation, according to a source close to the security organization, and all those responsible for the alleged death of the young boy would be dealt with harshly and brought before the law.

CBN launches initiative to advance financial literacy

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May 15, 2023

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CBN launches initiative to advance financial literacy

CBN releases a platform to advance fintechThe Central Bank of Nigeria unveiled SabiMONI, an online learning platform, on Monday in an effort to advance financial inclusion and financial literacy.

The platform, according to CBN Governor Godwin Emefiele, who spoke at the event, is a fully digital national e-learning platform that offers a knowledge base for financial literacy.

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He claims that the purpose of SabiMONI is to give people the chance to self-serve their way through training and certification as Certified Financial Literacy Trainers.

“The platform is intended to support our efforts toward increasing the number of experts that can be used to lead financial education in the nation and possibly beyond.

“There is no doubt that financial literacy is one of the main forces behind financial inclusion today.

It is necessary for greater financial inclusion, which in turn would result in financial system stability and, ultimately, economic growth and development, he said.

Financial inclusion is hampered, according to Emefiele, by a lack of or poor levels of financial literacy.

In other words, the degree of financial literacy and capability directly influences the rate of financial inclusion.

The National Financial Inclusion Strategy 2022, he claimed, identified increasing adoption and usage of financial services in priority demographics as a solution to the financial inclusion gaps.

He claimed that these groups included the most vulnerable populations, including women, young people, MSMEs, and people who live in rural areas.

“Among its strategic priority areas are, in particular, the North of the nation as well as the growth of digital financial services and platforms.

“Through financial education programs, we must take deliberate steps to upscale financial capability in order for us to be able to achieve these.

The lack of knowledgeable and qualified individuals to lead financial education continues to be a significant barrier.

It’s interesting that the National Financial Inclusion Strategy 2022 gives financial and digital learning a high priority.

“This will serve as a strategy that would enable the creation of a conducive environment for serving or ensuring the inclusion of the most excluded groups,” he claimed.

Financial literacy is still a major factor in driving financial inclusion globally, according to Mrs. Rashida Monguno, Director of Consumer Protection at the CBN.

It includes knowledge and abilities, in her opinion, that allow people to effectively manage financial resources in order to improve their economic well-being.

“However, it also involves faith, confidence, and involvement in the legal financial system.

“Consumers who understand finances are always able to make wiser financial decisions. This is a catalyst for greater financial inclusion and financial system stability, she claimed.

She claimed that with a current rate of 64.1%, financial literacy was still not widely spread in Nigeria.

“There is no doubt that the lack of qualified financial literacy instructors and the few available resources for financial education may not be unrelated.

According to the most recent findings of the Access to Finance Survey conducted by Enhancing Financial Innovation and Access, the lack of financial literacy continues to be a barrier to financial inclusion, Monguno said.

According to her, SabiMONI was created as a means of promoting financial literacy among the target population of Nigeria in order to facilitate financial education programs for end beneficiaries.

“It will also assist with initiatives to improve financial inclusion through digitalization.

It would act as a means of promoting digital financial literacy, which would increase the uptake and use of digital financial services.

With the introduction of the SabiMONI platform, she said, “we now have a knowledge base where people can easily learn about financial literacy at their own pace from the comfort of their own homes.”

The platform is intended to support efforts to increase the number of experts who can be used to drive financial education, according to Mrs. Aisha Ahmad, Deputy Governor, Financial System Stability of the CBN.

Financial literacy is one of the main forces behind financial inclusion, according to Ahmad.

“It is a necessary condition for greater financial inclusion, which would result in the stability of the financial system and, in the end, economic growth and development.

Financial inclusion is hampered, according to research, by a lack of or low level of financial literacy.

In other words, the degree of financial literacy and capability directly influences the rate of financial inclusion, according to the speaker.knowledge of race