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May 20
The latest report on Firearms Trafficking in the Sahel reveals the nature of the market, trafficking flows, main actors involved, and impact on the region. While long-range trafficking to the Sahel exists, most firearms are procured within Africa. Learn more at the #UNiLibrary 👉 bit.ly/FTSahel
May 20
NDDC crisis deepens as Onochie, Ogboku fight dirty at senate over fraud allegationsThe Managing Director of the Niger Delta Development Commission (NDDC) Samuel Ogbuku, and Chairman of the Board, Lauretta Onochie, fought dirty on Friday when they accused one another of being corrupt.Ogbuku and Onochie engaged in sordid exchanges during an investigative hearing by the Senate Committee on unauthorised spending of the 2021 and 2022 budget of the agency without the National Assembly approval.The managing director was represented at the session by the Executive Director in charge of Finance and Administration, Charles Airhiavere while Onochie appeared in person.Airhiavere accused Onochie of overstepping her bounds by desperately seeking to be a signatory to NDDC’s accounts.He alleged that Onochie even wrote a letter to the Accountant-General of the Federation seeking to be made a signatory to the agency’s accounts.Onochie, however, said the decision for her to be a signatory to the accounts was taken by the board at one of its meetings, adding that it was not a personal decision.She said the request for change of signatory was rejected because the Central Bank of Nigeria (CBN) directed the managing director to ensure that her confirmation was sought in every financial transaction.“The CBN said I should be the confirming authority but they didn’t come back to me. That is why they have been operating the way they like,” Onochie said.Onochie, however, accused the managing director and the entire management of running the commission in breach of financial regulations.She alleged that the NDDC management currently operates a total of 367 accounts against the dictates of the Treasury Single Accounts (TSA) policy of the Federal Government.According to Onochie, all these accounts are in foreign exchange (FOREX).The managing director denied the existence of 367 accounts in the agency but admitted that it operates only four.Onochie also informed the Senate that since the board assumed office in January 2023, it had not enjoyed the cooperation of the management of the NDDC.She alleged the managing director had been frustrating attempts to hold board meetings where necessary decisions ought to be taken.This allegation was rejected by the managing director who said the main problem arose from what he called “trust deficit” between the board and the management.Airhiavere also said that the board never gave sufficient notice of any board meeting as required by law.Onochie further informed the Senate Committee that part of the abuse of financial regulations displayed by the Ogbuku-led management was the increase of the monthly imprest for the managing director from N4 billion to N10 billion.The Senate Committee led by Senator Yusuf Yusuf (APC, Taraba Central) expressed shock at the disclosures made by the board and the management of the NDDC.He directed Onochie and Ogbuku to appear before it on Monday to substantiate their allegations.
May 19
JUST IN : President Buhari has approved the appointment of Dr. Oluwatoyin Sakirat Madein, as the Substantive Accountant-General of the Federation following the successful conduct of a selection process to fill the existing vacancy.
May 19
President-Elect, BAT represented by the Vice President-Elect at the Public Presentation and Launching of Books on President Buhari at the State House Banquet Hall in Abuja .
May 19
Otunba Subomi’s death painful – GbajabiamilaThe Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has described the demise of the founder of the First Monument City Bank, Otunba Michael Olasubomi Balogun, as painful.While commiserating with the family, people and government of Ogun State over the demise of Otunba Balogun, Gbajabiamila regretted that the death of the banker of note in the early hours of Friday in London came at a time when his wise counsel would be needed as the country transits to a new government.Gbajabiamila said Otunba Balogun’s impacts and innovations on the Nigerian banking sector cannot be overemphasized, which makes his death painful.Saying that Otunba Balogun would be sorely missed, Gbajabiamila, however, urged his family and friends to take solace in the knowledge that he lived a fulfilled life while contributing positively to society and the Nigerian economy.The Speaker also prayed for the repose of the soul of the late septuagenarian, and for God to forgive his trespasses. He sent heartfelt condolences to the people and government of Ogun State over the loss.
May 19
Court Sacks Abia Governor-Elect, Alex OttiA Federal High Court sitting in Kano has voided the candidature of Abia State governor-elect, Dr. Alex Otti, and all Labour Party candidates in Abia and KanoThe presiding judge, Justice M N Yunusa while ruling on the matter on Friday said the Labour Party failed to comply with the provisions of the 2022 Electoral Act in nominating Otti. The Court in Suit No FHC/KN/CS/107/2023 filed by Mr Ibrahim Haruna Ibrahim against the Labour Party and the Independent National Electoral Commission ruled that the failure of the Labour Party to submit its membership register to the Independent National electoral commission within 30days before their Primaries renders the process invalid. “The party that has not complied with the provisions of the electoral act cannot be said to have a candidate in an election and cannot be declared winner of an election this being so, the votes credited to the 1st defendant is a wasted Vote as the decision of the Supreme court,” the Judge ruled.
May 19
BREAKING NEWS: The Official Commissioning of 40MW Kashimbila Hydropower Plant and Transmission Network, in Taraba State (NE 🇳🇬)was done virtually by the President, from the Presidential Villa.💙✅🇳🇬
May 19
Tizeti Network 🛜 Tweet 🐦
May 19
Tizeti, a Nigerian internet service provider, has partnered with Microsoft to bring its broadband solution to Cote d’Ivoire.The partnership, Tizeti’s second international partnership after partnering with Eutelsat to boost broadband penetration would make Cote d’Ivoire the third country that Tizeti is present in after Ghana and Nigeria. The company also has plans to expand to Togo.Tizeti says that the partnership would bring internet access to almost five million people by addressing the significant broadband gap in Côte d’Ivoire. The country’s internet penetration rate stood at 45.4%, with 12.94 million internet users in Côte d’Ivoire at the start of 2023.In Côte d’Ivoire, the average price of 1GB of data is $3.06, making it the 173rd most expensive country in the world and higher than the most expensive plans in Nigeria ($2.96) and Ghana ($1.23). For context, the highest price in Côte d’Ivoire is $15.31. According to Kendall Ananyi, the founder and CEO of Tizeti, the company uses solar-powered towers to help lower the price of data in Ghana and Nigeria by bringing 30% to 50% cost savings on data cap plans. ( Solar-powered towers can save costs on power generation)“We are thrilled to partner with Microsoft to bring reliable and affordable high-speed internet access to underserved communities in Côte d’Ivoire. Our mission at Tizeti is to bring affordable and reliable internet to more Africans outside the digital envelope, and this partnership is a significant step forward in achieving that goal,” Ananyi shared.Tizeti will leverage its low-cost wireless technologies to roll out high-speed internet infrastructure with Microsoft’s Airband Initiative. The initiative is focused on advancing digital equity—access to affordable internet, affordable devices, and digital skills—as a platform for empowerment and digital transformation across the world.Tizeti has been profitable in three of the last four years and, as of August 2022, had generated over ₦11 billion in revenue. “In the last 10 years of our operation, we have been able to generate ₦11 billion as revenue and this we achieved without any debt as of today. We have grown significantly within the last few years, being profitable in three out of the last four years and paid our first dividend this year. We currently have over 3884 hotspot locations and built one tower every month since we started, with 2.8 million users in Nigeria. Today, Tizeti delivers over 190 TBPS of data a day, which is about 20% of what Airtel, the second largest telco with coverage in 36 states, delivers,” Ananyi shared.
May 19
Ghana’s request for a $3 billion bailout from the IMF has been approved. Investors had been betting on this news over the past six months, making Ghana’s cedi the world’s top-performing currency against the US dollar.
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