Home Blog Page 1811

New guidelines from NAICOM will be driving force behind insurance inclusion – Operator

0

Shina Gbadegesin, Managing Director of GOXI Microinsurance, which is Nigeria’s first licensed microinsurance institution, has praised the recent release of the regulatory sandbox guideline by the National Insurance Commission. GOXI Microinsurance was the first licensed microinsurance institution in Nigeria.

In a statement, he referred to it as a commendable initiative that would foster innovation and drive grassroots insurance inclusion. He also said that it would drive insurance coverage for more people.

Read Also: Speakership: Pick Wase As Consensus Candidate, Northern Youths Beg Group Of 6 Aspirants

Gbadegesin made the observation that regulatory sandboxes were guidelines that enabled operators to look for a relaxed regulatory environment in which to test innovative ideas such as products, services, business models, or distribution channels.

He pointed out that the guidelines established parameters that had the potential to improve both the inclusiveness and the efficiency of the process.

According to him, the initiative that was taken by NAICOM would go a long way toward promoting innovation and driving insurance at the grassroots level, particularly by licensed specialists in the field of microinsurance in Nigeria.

According to the statement, “GOXI Microinsurance has invested significantly in technology since its inception, collaborating with various aggregators such as microfinance banks, cooperatives, fintechs, and community-based associations to drive insurance inclusion in Nigeria.” GOXI Microinsurance was founded in 2016.

The company views the new initiative that NAICOM is undertaking as an opportunity to further embrace technological innovation and use it to drive all aspects of its operations.

The managing director of the company expressed optimism that the regulatory sandbox guidelines would inspire insurance companies to be more innovative in their approach to driving insurance inclusion in the country.

He urged the insurance industry to make the most of the opportunity presented by the guidelines to improve the overall efficacy of the industry as a whole as well as the operations of individual companies.

According to what he had to say, “the regulatory sandbox guideline that was developed by NAICOM is an admirable initiative that will promote innovation and drive insurance inclusion at the grassroots level.”

Tension as APC Opens Up Race for Leadership of the NASS

0

The All Progressives Congress’s (APC) National Working Committee (NWC) is going to open up the race for the leadership positions in the 10th National Assembly, which means that anyone can run for those positions.

You may recall that the party had announced that Senator Godswill Akpabio (South-South) would be its consensus candidate for the presidency of the Senate in the 10th Assembly, and that Senator Jibrin Barau (North West) would be the party’s preferred candidate for the position of Deputy Senate President.
In addition, the All Progressives Congress (APC) decided that Tajudeen Abbas (North West) would be its preferred candidate for the position of Speaker of the House of Representatives, while Benjamin Kalu (South East) would be the party’s consensus choice for the position of Deputy Speaker.
However, the zoning arrangement that was announced by the party in power elicited irate responses from newly elected lawmakers who had previously stated their intention to run for the principal offices.

According to sources who spoke with the Vanguard on Wednesday, the National Working Committee of the All Progressives Congress (APC) is concerned that its proposed zoning may be thwarted, and it is recommending to Bola Tinubu, the President-elect, that the contest be thrown open.
The stalwart member of the APC also stated that the leadership of the party had learned that the dissatisfied aspirants, also known as the G-6, have already chosen a candidate that they all agree on among themselves.

He said:
“It appears the National Working Committee is suspicious that their plan may not go as planned and that is why they are recommending a free contest.

“Secretly, they have recommended a free contest because they (NWC) have intelligence that the G-6 aspirants have already adopted a consensus candidate among themselves but they have not revealed the identity of that person.

“The G-6 aspirants are confusing the party, the Gbaja boys are also confused because they don’t know who they are throwing up.”

Another source told Vanguard that the G-6 speakership aspirants might have settled to pick a deputy speaker from the South-South geo-political zone.

He said:

“Secondly, they have got concrete information that the G-6 is going to the South-South to pick their deputy.”

Also speaking, a lawmaker-elect said the party leadership needs to quickly address the zoning arrangement in order not to allow the issue to fester into a party crisis.

The APC chieftain also revealed that there is credible intelligence that the aggrieved aspirants who have formed the G-6 are already in an alliance with the opposition parties.

He said: “There are issues and they need to be confronted because the more we delay in solving the issues once and for all, the more we keep on having fresh ones.

“For instance, we have credible intelligence that the aggrieved aspirants who have formed the G-6 are already in an alliance with the opposition parties.

“Initially, we thought it was not going to work but we gathered credible information that they swore to themselves not to betray one another and went ahead to concede the deputy speakership slot to the opposition parties.

“We first considered it an act of indiscipline and anti-party but in a second thought, we needed to be smart to throw the contest open to all aspirants. Whoever wins at every point is after all a party man.

“Some suggested that they should be sanctioned but we looked at the bigger picture because we must learn from experience as party administrators. What are the consequences for those aspirants? And what are those consequences on the party as a whole?

“So, the message the party chairman gave to Senator Akpabio and his team when they visited was a coded message. It is left for them to decode it because it is difficult to do another rejoinder to repudiate what we had said earlier on zoning.

“More importantly, our initial thought was that the aggrieved aspirants would quickly adopt someone amongst them but they are also smart enough not to do so for now.

“That keeps the suspense high and it will be risky to allow them to do the damage by allying with the opposition parties swiftly on the floor of the parliament that day.

“Of course, we know too well that most of the people milling around Akpabio or Abbas are playing politics. So, what is the guarantee that all are with us?

“So we have decided to slow down and lower our tone on streamlining to individuals; let all those interested come out to contest because if we don’t allow that to happen, the gang up of the aggrieved APC aspirants and the opposition will be too risky for us.”

 

Speakership: Pick Wase As Consensus Candidate, Northern Youths Beg Group Of 6 Aspirants

0

A think-tank of intellectuals from the 19 Northern states has urged a group of six aspirants for Speaker in the 10th National Assembly to adopt Idris Wase as their consensus candidate for the position.

The Northern Patriotic and Democratic Coalition said the aspirants must unite behind the Deputy Speaker to stop the imposition of Tajudeen Abbas on Nigerians by Femi Gbajabiamila.

Recall that the All Progressives Congress had purportedly endorsed Abbas and Ben Kalu for Speaker and Deputy Speaker respectively.

The choice of Abbas has been welcomed with widespread outrage, with many critics claiming he is being foisted on the party and House of Representatives by Gbajabiamila.

Consequently, in protest, six other aspirants formed an alliance known as the Coalition of Progressive Speakership Aspirants (COPSA).

They comprise Wase, Muktar Betara, Sada Soli, Aminu Sani Jaji, Yusuf Gagdi, and Miriam Unuoha.

In a statement through its Publicity Director, Dr. Mrs. Regina Audu, on the state of the nation and the way forward for the National Assembly leadership tussle, the group urged the aspirants to shelve their ambitions in support of Wase.

Audu said to stop the “imminent Abbas calamity” from befalling the nation, a robust coalition comprising of men and women of goodwill, strong in character and purpose must speak with one voice.

While admitting that each member of the coalition is very much qualified and deserving of the position, she said Wase has an edge as the current deputy Speaker.

Audu noted that Wase is the perfect blend of experience, competence, and capacity – key traits Abbas lacks.

She added that with the Plateau lawmaker as Speaker, the North Central’s agitation and perceived neglect would have been effectively addressed.

Read Also: INEC: Peter Obi, LP is not willing to pay fees for exhibits certification

” Wase epitomizes character, competence, and capacity. A five-timer, he is the most experienced of all the aspirants and would represent the interest of the majority of the members and not that of Gbaja,” Audu said.

“Wase hasn’t been a mere spectator all these years. In his four terms, he held the chairmanship of key committees and sponsored at least a dozen bills.

“As Chair of the Federal Character Commission, for instance, the current deputy speaker paid no attention to “connections” by ensuring that Nigerians from different ethnic and religious backgrounds get employed in Ministries, Departments, and Agencies of the federal government, strictly based on merit. This endeared Wase to many children of less-privileged Nigerians.

“As the Chair of the House Committee of the Whole, he was key to the passage of critical bills such as the PIB, and the amendments to the new Companies and Allied Matters Act (CAMA), which has already been noted to be easing doing business in Nigeria.

“As the chairman of the Ad hoc Committee on the Review of the 1999 Constitution, Wase achieved uncommon milestones. President Muhammadu Buhari has just assented to some of the bills passed in the amendment of the constitution. Some of these assented bills will promote true federalism, devolution of powers from the center to the states, as well as strengthen government institutions.

“At the continental level, Wase is currently the first deputy speaker of the ECOWAS Parliament. This is no mean feat. As the first deputy speaker of that parliament, he has been a champion of Nigeria’s national interests within the broader interests of the West African sub-region.

“Wase’s achievements have endeared him to colleagues who respect him. The first-timers look up to him. In Wase, you have a complete package and with the backing of these five powerful aspirants, we are sure he will defeat Gbaja and the enemies of Nigeria.

“It is on this note that we wish to appeal to the Coalition of Progressive Speakership Aspirants to support one of their own. While each member has the right to contest for the coveted seat, it is best to unite for a common cause with Wase as a figurehead.

“Our nation is at a critical period and only men and women of goodwill can save it from collapse. Gbaja and Abbas don’t mean well for Nigeria. Thankfully, there are still patriotic Nigerians who can neutralize their gimmicks.”

 

Obi explains to tribunal how INEC prevented him from accessing materials in Rivers, Sokoto, other places

0

Peter Obi, a member of the Labour Party (LP), is running for president. He recently reported to the Presidential Election Petition Court (PEPC) that the Independent National Electoral Commission (INEC) has refused to provide him with 70% of the electoral documents he requested to help him pursue his petition.

Obi, who finished third in the presidential vote on February 25, is contesting the poll’s methodology and results.

Obi insisted during yesterday’s pre-hearing session that Bola Tinubu, the All Progressives Congress (APC) candidate, was the beneficiary of election rigging.

His lead attorney, Dr. Livy Uzougwu, specifically informed the five-member tribunal presided over by Justice Haruna Tsammani that he was unable to access the documents used for the election in the states of Rivers and Sokoto.

He bemoaned the electoral body’s N1.5 million fee for processing Sokoto State’s election materials.

In response, Uzougwu stated before the tribunal, “In the case of Rivers State, the INEC Resident Electoral Commissioner (REC) boldly told us they do not have any form EC8 to give us.”

He called the court’s attention to two earlier decisions ordering INEC to allow LP access so that it could inspect electoral records like the Bimodal Voters Accreditation System (BVAS) machines used to conduct the election.

The Court had on March 3 and March 8 ordered the electoral body to make available certified true copies of result sheets and other data obtained from the BVAS machines so that same could be presented to aid the petitioner’s case in one of these rulings.

Uzoukwu also made reference to five different letters that INEC Chairman Yakubu Mahmood received from petitioners pleading for access to inspect and obtain pertinent electoral records to support their court case.
Abubakar Mahmoud, the INEC’s lawyer, refuted the accusations and asserted that his client was willing to work with all parties involved in the petitions and the court.

He testified before the court that Obi’s legal counsel turned down an invitation to a meeting that was called to resolve complications regarding documents to be submitted to the court.

“We agreed to meet on May 15 and May 16 on those days. However, I learned on Monday, May 15, that the Labour Party legal team had not shown up at the location for the inspection of the documents, Mahmoud said.

In Rivers, LP was given some electoral documents, he said, but LP insisted on obtaining all the necessary documents.

Mahmoud claimed that the commission had not objected to the production of any documents.

Uzougwu, Obi’s legal counsel, countered that his team had not left any meetings.

Lateef Fagbemi, the lead attorney for the APC, agreed with INEC’s stance on the accessibility of electoral records.

All legally certified public documents from INEC will not be challenged, but other documents may be, with justifications provided and arguments put forth at the conclusion of the day before judgment. He reaffirmed, “We are prepared and eager to work with the court.

Wole Olanipekun, the principal attorney for Tinubu, claimed there were no obstacles to getting documents from the electoral umpire.

Till the conclusion of the trial, Olanipekun said, “We will reserve our objection to documents.”

The court postponed proceedings until May 19 after hearing from all parties.

INEC: Peter Obi, LP is not willing to pay fees for exhibits certification

0

The Independent National Electoral Commission (INEC) has accused the presidential candidate of the Labour Party (LP), Peter Obi, and the opposition party of being unwilling to pay the required fees for the certification of the election documents they requested for the purpose of prosecuting their petition before the Presidential Election Petition Tribunal. These fees were required for the certification of the election documents they requested in order to bring their petition before the Presidential Election Petition Tribunal.

According to the leading attorney for INEC, Abubakar Mahmoud (SAN), the head of the legal team for the Labour Party, Dr. Livy Uzoukwu (SAN), allegedly wrote in a letter that his clients were not prepared to pay the N1.5 million that was requested for the certification of the documents in relation to Sokoto State. This information was obtained from the letter.

Read Also: I regret backing Tambuwal for Speaker: Gbajabiamila

The Independent National Electoral Commission (INEC) has stated that the remaining candidates’ refusal to pay the necessary fees was the cause of the delay in the release of the remaining election documents relating to the presidential election in the states of Sokoto and Rivers.

During the resumed hearing of the petition that had been filed by Obi and LP, Mahmoud stated to the Presidential Election Petition Court (PEPC) that his client, the Independent National Electoral Commission (INEC), was willing and ready to release the documents that were requested as soon as the required fees were paid.

In addition to this, he asserted that the team representing the Labour Party had abandoned a meeting that had been arranged by the parties to organize the documents that would be submitted as exhibits in the legal proceeding.
Earlier, Uzoukwu told the court that INEC was making it difficult for his clients to gain access to the election documents that were necessary as exhibits in order to argue their case in front of the court.
He claimed that he attempted to resolve the matter by writing five letters, going to the INEC headquarters, and even meeting with the INEC Chairman; however, none of these efforts were successful. He pleaded with the judge to order INEC to provide the petitioners with access to all of the relevant documents, including Form EC8A.
Additionally, he refuted the assertion made by the INEC lawyer that the petitioners’ team had abruptly left the meeting.

Read Also: Lagos police detain officers seen in viral video brutalising Okada man

Lawyers to the President-elect and Vice President-elect, Woke Olanipekun (SAN) and Lateef Fagbemi (SAN) for the All Progressives Congress (APC) noted that it was obvious from Mahmoud’s account that the delay in the release of the remaining documents was because of the petitioners’ failure to pay the required fees. They based this observation on the fact that Mahmoud stated that the petitioners had not paid the required fees.

A subsequent pre-hearing session regarding the petition has been postponed until Friday by the court.

FG: Second Niger Bridge is almost ready for its official commissioning

0

The Second Niger Bridge’s construction has been finished, according to the Federal Government, and it is now ready for commissioning.

Alhaji Lai Mohammed, Minister of Information and Culture, informed State House reporters that the contractor in charge of the project will hand over on May 20 at the conclusion of the Federal Executive Council (FEC) meeting, which was presided over by President Muhammadu Buhari and held in the Council Chamber of the Presidential Villa in Abuja.

Alhaji Mohammed, who filled in for Babatunde Fashola, Minister of Works and Housing, stated that the Second Niger Bridge would soon be put into service.

The Second Niger Bridge is ready for commissioning, he declared. On the 20th of this month, the contractor will hand it over, and soon after, it will be put into use.

Breaking: Doguwa, Makki, Raheem withdrawn from race for Speaker, given their support to Abbas

0

Ado Doguwa, the majority leader of the House of Representatives, has endorsed Tajudeen Abbas after withdrawing his name from consideration for election to the 10th House of Representatives.

During a meeting on Wednesday that was organized by the joint task group, Doguwa was the catalyst that caused two additional candidates, Abubakar Makki and Tunji Oluwuyi, to withdraw from the race.

It would be that the party currently in power, the APC, gave its support to Abbas and Ben Kalu for the positions of speaker and deputy speaker, which prompted protests from other candidates.

Earlier, Doguwa had collaborated with a group of other aspirants to establish a coalition that would challenge Abbas.

However, in an unexpected turn of events, he has decided to back out of the deal.

During his talk, he stated that he is unable to act in a manner that is contrary to the party.

 

Lagos police detain officers seen in viral video brutalising Okada man

0

In the video that has gone viral, three police officers can be seen abusing a man from Okada who has been identified as Al-Hassan Usman in the Abule Egba neighborhood of Lagos State. This is according to reports.

While one of the officers was seen hitting the man with his baton, another officer was seen pushing him away from them in an aggressive manner multiple times.

The man who tried to wrestle his bike with the policemen suffered a serious injury as he held on to his forehead, where blood could be seen gushing out from. He was seen holding on to his forehead.

While the other two officers fled the scene immediately in a tricycle, the third officer rode away on the bicycle that belonged to the victim.

According to the reports, the incident took place exactly four days ago. The specifics of what led up to the incident, however, have not been determined as of yet.

“I can confirm that they are currently being held in custody. During the webinar, he explained, “I got the video of the Abule Egba incident on my WhatsApp from the Inspector General of Police, Usman Baba, and when he sends material to me like that, I know what it means.”

He stated that the Lagos State Commissioner of Police, Idowu Owohunwa, had already detained the men without even waiting for any order, claiming that the CP, being a thoroughbred officer, knew what to do in the situation.

“We don’t waste time when our men misbehave,” Adejobi said further.

According to him, the spokesman for the Lagos police department, Benjamin Hundeyin, ought to have made their photos available to the public to confirm that the policemen had been detained. He also stated that he was confident that Hundeyin would do that any moment from now on.

 

Atiku kicks, as US Secretary of State Blinken calls Tinubu

0

Details of a phone call between President-elect Bola Tinubu and US Secretary of State Antony Blinken have prompted a response from former Vice President Atiku Abubakar.

We had previously reported that Blinken had given the Nigerian President-elect assurances that the United States would continue to strengthen relations with Nigeria under the incoming administration during their phone call on Wednesday.

The Secretary emphasized that shared interests and solid interpersonal relationships formed the foundation of the U.S.-Nigeria partnership, which should continue to grow under President-elect Tinubu’s leadership.

In contrast, Atiku expressed shock at the call in a tweet on Wednesday, claiming it was in direct opposition to the US’s previously stated policy regarding Nigeria’s 2023 presidential election.

He asserts that acknowledging the outcome of the 2023 presidential election may demoralize the populace.

I find it hard to believe that @SecBlinken called Tinubu given the US’s previously stated position regarding Nigeria’s 2023 presidential election. This is incomprehensible given that America, the cradle of democracy, is well informed about the fraudulent election of February 25.

“Giving legitimacy to the widely acknowledged fraudulent election in Nigeria can demoralize citizens who have hedged their bet on democracy and the sanctity of the ballot,” wrote @StateDept @POTUS @USinNigeria.

 

I regret backing Tambuwal for Speaker: Gbajabiamila

0

Aminu Tambuwal’s election as Speaker of the House in the 7th National Assembly was supported by the forum that the Speaker of the House of Representatives, Femi Gbajabiamila, ran.

Governor of Sokoto State for the last two terms is Tambuwal.

Recalling earlier attempts by speakership candidates to oppose selected candidates of their respective parties, Gbajabiamila said, “I regret it.

The Speaker addressed the Joint Task – 10th Assembly, a grouping of APC and opposition party representatives in the upcoming 10th National Assembly, on Wednesday evening in Abuja.

Tajudeen Abbas and Benjamin Kalu, respectively, the APC’s nominated candidates for Speaker and Deputy Speaker of the 10th House, were adopted by the coalition.

Senator Godswill Akpabio, the APC candidate for Senate President, entered the room with the Speaker before Gbajabiamila spoke, made a quick comment, and then left.

The meeting was still going on when this report was submitted at the Transcorp Hilton in Abuja.