Connect with us

General

Buhari Renames Abuja Stadium MKO Abiola Stadium

Published

on

By Modupe Gbadeyanka

President Muhammadu Buhari on Wednesday, June 12, 2019, announced the renaming of the Abuja National Stadium to MKO Abiola Stadium.

The President made this proclamation during his speech at the Eagle Square today at an event organised to celebrate the June 12 holiday.

On June 12, 1993, Nigerians headed to the polls to elect a new president, but results of the exercise, which was believed to have been won by one of the contestants, late Moshood Kashimawo Olawale Abiola, was annulled by the then military president, General Ibrahim Babangida (rtd).

The late businessman, who later declared himself as president of the nation, was arrested and put in detention by the late General Sani Abacha. Mr Abiola, on July 7, 1998, died in prison, barely a month after Mr Abacha died, precisely on June 8, 1998.

Few days ago, President Buhari signed a bill to make June 12 a national holiday in Nigeria as well as Democracy Day instead of the May 29 observed in the past, which will still remain the handing over of government day.

During his democracy day speech in Abuja today, Mr Buhari said, “I propose the renaming of the Abuja national stadium. It will be called the MKO Abiola Stadium.”

Late Abiola was born on August 24, 1937 in Abeokuta, Ogun State to the family of Salawu and Suliat Wuraola Abiola.

His father was cocoa trader and was his father’s 23rd child, but the first of his father’s children to survive infancy, hence the name ‘Kashimawo’ (Let’s wait and see). It was not until he was 15 years old that he was properly named Moshood by his parents.

Mr Abiola attended African Central School, Abeokuta for his primary education and as a young boy, he assisted his father in the cocoa trade, but by the end of 1946, his father’s business venture was failing precipitated by the destruction of a cocoa consignment declared by a produce inspector to be of poor quality grade and unworthy for export and to be destroyed immediately.

In 1956, Mr Abiola started his professional life as a bank clerk with Barclays Bank in Ibadan, South-West Nigeria. After two years, he joined the Western Region Finance Corporation as an executive accounts officer, before leaving for Glasgow, Scotland, to pursue his higher education. From Glasgow University, he received a first class degree in accountancy, and he also gained a distinction from the Institute of Chartered Accountants of Scotland.

On his return to Nigeria, he worked as a senior accountant at the University of Lagos Teaching Hospital, then went on to US firm Pfizer, before joining the ITT Corporation, where he later rose to the position of Vice-President, Africa and Middle-East.

The late Abiola spent a lot of his time, and made most of his money, in the United States, while retaining the post of chairman of the corporation’s Nigerian subsidiary.

Before his death, the late philanthropist was the Aare Ona Kankafo of the Yoruba land. He was posthumously awarded the GCFR, the highest national title reserved for Presidents in Nigeria, on June 6, 2018 by President Muhammadu Buhari.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Continue Reading
Click to comment

Leave a Reply

General

N26bn PHCN Severance Benefit Puts Insurance Broker in Trouble

Published

on

Bestworth Insurance Brokers Abiodun Waheed Hassan

By Aduragbemi Omiyale

An insurance broker, Mr Abiodun Waheed Hassan, has been arraigned before Justice S.C Oriji of the Federal Capital Territory High Court, Apo, Abuja for an alleged diversion of N26 billion.

Mr Hassan, who is a director at Bestworth Insurance Brokers Limited, was accused of using the funds earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of defunct Power Holding Company of Nigeria (PHCN).

The Economic and Financial Crimes Commission (EFCC), which arraigned the suspect on Thursday, February 25, 2021, said the offence was punishable under Section 315 of the Panel Code Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004.

One of the five-count charges against the insurance broker indicated that, “That you, Abiodun Waheed Hassan, Director, Bestworth Insurance Brokers Limited and Bestworth Insurance Brokers Limited on or about January 15, 2015, in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, while being entrusted with certain property to wit: the sum of N26.2 billion paid into Bestworth Insurance Brokers Limited’s Skye Bank Account No. 1771645118 from PHCN Staff Severance Benefits account with the Central Bank of Nigeria, being funds earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of PHCN, did commit criminal breach of trust in respect of the said property by dishonestly misappropriating the sum of N2.5 billion thereof when you transferred the said sum into Kakatar CE Limited’s Zenith Bank Account No.1012637660 and you thereby committed an offence punishable under Section 315 of the Panel Code Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004.”

Another count said, “That you, Abiodun Waheed Hassan, Director, Bestworth Insurance Brokers Limited and Bestworth Insurance Brokers Limited on or about December 18, 2014, in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, while being entrusted with certain property to wit: the sum of N26.2 billion paid into Bestworth Insurance Brokers Limited’s Skye Bank Account No. 1771645118 from PHCN Staff Severance Benefits account with the Central Bank of Nigeria, being funds earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of PHCN, did commit criminal breach of trust in respect of the said property by dishonestly misappropriating the sum of N6.0 billion thereof when you transferred the said sum into PJO Venture Limited’s Skye Bank Account No.1771645235 and you thereby committed an offence punishable under Section 315 of the Panel Code Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004.”

However, the defendant pleaded ‘not guilty’, when the charges were read to him. Based on his plea, prosecution counsel, Benjamin Lawan Menji, ask for a trial date and prayed the court to remand the defendant at the Correctional Service pending the trail.

Counsel for the defendant, Ade Olusalako, told the court that the defence had filed a motion for bail of his client and pleaded for the remand of the defendant in the custody of the EFCC pending the determination of his bail application on the grounds that “the defendant has been on administrative bail for almost five years and he has an underlining sickness”.

But the prosecution counsel objected to the application.

“As he rightly submitted, we received the application but we shall vehemently be opposing the application; we said vehemently so that the court will know that we have a strong opposition.

“Moreover, our facility is overstretched because of the issue of the COVID-19 pandemic, the little we have we are trying to manage them. The proper place of detention or custody is the Correctional Service which the government has done its best in providing,” Menji told the court.

However, Justice Oriji adjourned the matter till March 4, 2021, for a hearing on the bail application and remanded the defendant in EFCC custody.

Continue Reading

General

Gunmen Abducts Secondary School Girls in Zamfara

Published

on

Bello Matawalle Zamfara State

By Aduragbemi Omiyale

Barely two weeks after some terrorists kidnapped students and staff of the Government Science School, Kagara, Niger State, another set of secondary school students have been abducted by bandits.

In the wee hours of Friday, February 26, 2021, some gunmen raided a government secondary school in Jangebe, Zamfara State, and went away with many children.

According to the Nigerian Television Authority (NTA), the hoodlums were specifically at the Government Girls Secondary School, Jangebe in Talata Mafara Local Government Area of Zamfara State.

However, the exact number of students abducted by the terrorists could not be ascertained.

In a telephone conversation, the Commissioner for Information in Zanfara State, Mr Suleiman Tunau Anka, informed Channels Television that the incident happened around 1:00am on Friday.

The abduction of students in the northern part of Nigeria is becoming rampant as it is a strategy used by terrorists to get a huge amount of money as ransom from the government.

About two weeks ago, when bandits kidnapped some students in Niger State, there were allegations that N800 million were requested for the release of the victims.

But the government has said no money was paid for the release of the abducted students and staff of the school, especially as President Muhammadu Buhari gave security officials a marching order to rescue them.

The Zamfara school girls abduction will come as a surprise to many observers because the state governor, Mr Bello Matawalle, offered amnesty to bandits in the state to prevent situations like this.

Continue Reading

General

IBEDC Takes Steps to Improve Power Supply to Lalupon, Environs

Published

on

ibedc prepaid meter

By Dipo Olowookere

Residents of Lalupon and its environs have been promised a better power supply by the Ibadan Electricity Distribution Company Plc (IBEDC).

Communities in the Lalupon area of Ibadan, Oyo State have been battling with poor supply of electricity, leaving many residents in frustration.

In a statement issued by the Chief Technical Officer (CTO) of IBEDC, Engr Akin Abiodun, the energy company said it was aware of the situation as was working tirelessly to resolve the issue.

The firm explained that the Lalupon 33kV feeder is a leg on the Adogba 33kV feeder from Ibadan North 132/33kV transmission substation, located at Shasha, in Ojoo area.

“This feeder supplies electricity to Olodo, Lalupon, Iyana-Offa, Ejioku and Oyedeji communities. This same feeder with a load demand of 27MW also feeds Adogba and Akobo injection substations.

“These same injection substations are the ones feeding Iwo Road, Monatan, New-Ife Road, Akobo, Estate and Iyana Church and so on.

“Meanwhile, Adogba 33kV feeder is limited to 17MW due to transformer limitation at the transmission station.

“The management of IBEDC, in response to this inherited albatross from the defunct PHCN, has rehabilitated the Lalupon 33kV line by reconductoring and changing failed components on the line. “IBEDC also re-channelled 27 Tee-Offs from the line to New Asejire 33kV feeder in order to reduce the load on Lalupon 33kV line.

As part of the remedies under the proposal, IBEDC management plans to run a new 33kV line from Iwo transmission substation to Lalupon, thereby changing the source of supply from Ibadan North Transmission Substation to Iwo Transmission Substation.

“With this, we believe the much-desired respite would be achieved,” the company said in the statement made available to Business Post.

IBEDC, however, noted that funding of the project, which hitherto has been hampering the execution, is now receiving priority attention.

The company disclosed that it is also planned that when this line is completed, an injection substation will be constructed at Lalupon to complement the line project.

The statement said the organisation is in collaboration with the Oyo State government and the Transmission Company of Nigeria (TCN) to have another 330/132/33kV transmission substation (similar to that at Ayede, Ibadan) at Egbeda area of the state.

“Furthermore, for any relationship to thrive, it must be mutually beneficial. The consistent rejection of our electricity bills, apathy to payment and assault on our staff when carrying out their lawful duties by some customers at Lalupon community frustrates our laudable business projections for Lalupon and its environs.

“This attitude is negative and counter-productive. We hereby appeal to the good people of Lalupon community to toe the path of peace and dialogue and to support IBEDC in permanently resolving the present power supply challenges in that area.

The management of IBEDC is leaving no stone unturned to ensure that all issues, including tariff-related, are amicably and permanently resolved,” the statement noted.

Continue Reading

General

Ogun Promises Proper Use of World Bank $300m

Published

on

Ogun State Security Trust Fund

By Adedapo Adesanya

The Ogun State government has made plans to utilize a financing partnership agreement worth over $300 million signed with World Bank to fund Ogun Economic Transformation projects.

This was disclosed by Governor Dapo Abiodun when the 56th Governing Council of the Institute of Chartered Accountants of Nigeria (ICAN), led by its President, Mrs Onome Adewuyi, paid him a courtesy visit at his Oke-Mosan office, Abeokuta.

The Governor, who was represented by the Commissioner for Finance and Chief Economic Adviser, Mr Dapo Okubadejo, said the project, when completed, would further place the state as one of the fastest-growing economies in Nigeria.

On her part, the President of ICAN lauded the state Governor for receiving the delegation, noting that the visit would enable the government and other stakeholders to champion ways of sustaining growth and development of the State and the country at large.

The project development objective (Project ID: P164031) is to increase the participation of the private sector in the economy of Ogun State, with a focus on improving the business-enabling environment, strengthening agri-food value-chains and upgrading skills.

The credit from the multilateral lender has a maturity period of 30 years with a grace of five years.

In support of Ogun State’s development objectives, the project has three core areas of implementation, which are the creation of enabling business environment, strategic technical and vocational skills and development as well as agricultural value chain development. These will all rest on a pillar of strengthened governance capabilities as areas such as statistics, procurement, monitoring & evaluation and planning are bolstered through the program.

Efforts were first advanced during the outgoing tenure of Senator Ibikunle Amosun in April 2019, he, however, noted that then the incoming Dapo Abiodun-led administration already has a ready-made support to enhance the delivery and good governance of the project.

Continue Reading

General

Nigeria Determined to Eradicate Malnutrition—Minister

Published

on

children malnutrition

By Modupe Gbadeyanka

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the federal government under the leadership of President Muhammadu Buhari has shown a strong commitment to eradicate malnutrition in the country.

She said this was why the government has come up with various policies to drive massive investment in agriculture and boost food security in Nigeria.

“In recent years, Nigeria has shown a clear commitment to the eradication of malnutrition. This is happening through the adoption and domestication of policies and costed strategic plans, which emphasise increased reliance on domestic funding; and a well-coordinated multi-sectoral and multi-stakeholder approach (comprising government, CSOs, private sector and donors); backed by sustained high-level political commitment,” Mrs Ahmed at the dialogue on the United Nations (UN) food systems summit held recently.

She further said the government has also put in place “the national strategic plan of action for nutrition, the national policy on food and nutrition, the innovative national social investment programme (which includes the home-grown school feeding programme), the basic health care provision fund, and the National Council on Nutrition, and the development of various food and nutrition sector plans.”

According to her, the implementation of the National Food Summit Dialogues is critical to the achievement of the Medium-Term National Development Plan (MTNDP) and the Nigeria Agenda 2050.

The Minister further said that the outputs of the various food summit dialogues would form a critical component for the conclusion of the MTNDP and the Nigeria Agenda 2050, and would, as well, contribute to the achievement of sustainable development goals (SDGs) in Nigeria.

“The NNFSD is required to improve nutrition security, reduce hunger and prevalence of malnutrition in line with the national food and nutrition policy for Nigeria.

“It is envisioned to create more inclusive, healthier food systems and encourage a collaborative approach towards building a sustainable food system,” she added.

“We in Nigeria are at a critical crossroads. While we have seen some improvements in recent years, particularly in the areas of child nutrition and breastfeeding, we know that in order for these improvements to yield results, malnutrition (and other public health issues) must be addressed through the implementation of innovative policies and strategies,” she said further.

Continue Reading

General

Apapa Gridlock: NPA e-Call-up System Thrills Sanwo-Olu

Published

on

NPA e-Call-up System

By Ahmed Rahma

The Governor of Lagos State, Mr Babajide Sanwo-Olu, has commended the management of the Nigerian Port Authority (NPA) for using technology to address the traffic logjam at the Apapa area of the state.

Mr Sanwo-Olu, who spoke when the Managing Director of the NPA, Mrs Hadiza Bala Usman, paid him a courtesy visit at the Government House in Alausa, Ikeja, on Tuesday, said he was excited with the introduction of an electronic call-up system.

The system, according to the NPA, would ensure that trucks are allowed on the Apapa corridor via a booking system. The initiative would be launched this Saturday and it is one of the ways put in place to tackle the perennial gridlock in the area.

Governor Sanwo-Olu expressed optimism on the transparent electronic call-up system, saying the move was the beginning of the end of Apapa gridlock.

He said the call-up platform would be complemented with virtual dashboards that will be placed in strategic locations around the seaports, where all stakeholders will monitor the scheduling of container movement.

The Governor praised NPA for the innovative approach towards tackling the truck menace around ports, pledging that the state government would sustain the effort with strict enforcement of traffic regulations along the Apapa corridor.

He said, “This is the beginning of a better journey time for our citizens within the Apapa seaports and environ.

“This electronic system has a limited interface with security operatives and unions, which usually cause the gridlock problem.

“It will be a simple case of possessing electronic clearance. If you don’t have it, you don’t have any reason to be around the seaports.

“In enforcing the new regulations, we are deploying more than enough towing vehicles to impound erring trucks.

“The huge amount to be paid as fine for flouting the call-up system will be a deterrent for drivers not to repeat it.

“The stakeholders need to understand we are serious about ridding Apapa of the menace that has brought pains to our citizens living and doing businesses along the corridor.”

Mr Sanwo-Olu said the state government would be deploying 500 officers of the Lagos State Traffic Management Authority (LASTMA) to work collaboratively with NPA and enforce the new call-up regulation, directing the state’s agency not to spare any effort in achieving free flow of traffic in Apapa.

On her part, Mrs Usman reaffirmed that from Saturday, February 27, 2021, the movement of trucks in and out of the Lagos seaports will now be organised through a transparent electronic call-up system that will be based on first-come-first-serve basis.

With the new system, no container-laden truck is expected to go on Apapa corridor without clearance from the call-up platform. Any truck that flouts the electronic roster and park along Apapa corridor will be impounded by the taskforce.

Mrs. Bala Usman said the visit to the State House was to brief the Governor on the status of the electronic call-up platform before it would be fully launched.

The NPA boss said the electronic system had addressed the excuses usually given by truck drivers for parking their vehicles on the highways, stressing that any truck found around the ports without electronic clearance would be impounded.

“The deadline for the commencement of the electronic call-up system is February 27, 2021 and we are here to strengthen collaboration with the Lagos State government on implementation and compliance as we commence the process.

“The new system will be done in collaboration with the State. We have worked seamlessly to ensure Apapa is rid of the menace of trucks,” she said.

“All truck owners and stakeholders have been briefed about the new development over the past months. Any truck found in Apapa corridor without call-up clearance will be impounded and Lagos Government will provide the platform with which any fine payment will be collected,” she added.

Mrs Bala Usman said the era of individuals depositing empty containers in the seaports was over, noting that empty containers must now be deposited with the shipping companies, which are expected to keep the containers in their holding bays at no cost to individuals who own the shipment.

Continue Reading

Trending

%d bloggers like this: