Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has weighed in on the ongoing debate surrounding the relocation of certain CBN departments from Abuja to Lagos. Known for his financial acumen and prior leadership at the CBN, Sanusi brings a unique perspective to the discussion. Sanusi highlights a potential challenge facing the CBN as he suggests that a significant portion of the bank’s workforce, particularly individuals with ties to politically exposed families, may be hesitant to relocate. According to Sanusi, these employees might prioritize their lifestyle in Abuja over their professional responsibilities, leading to a potential…
Author: Omolemi Eboisetale
The federal government has filed terrorism charges against four individuals associated with Siminalaye Fubara, a political figure in Rivers State. The accused – Chima Eguma Ezebalike, Prince Lukman Oladele, Kenneth Goodluck Kpasa, Osiga Donald, and Ochueja Thankgod – are alleged to have orchestrated the invasion, vandalism, and arson of the Rivers State House of Assembly during a period of political unrest in Port Harcourt last year. The accused individuals, currently in the custody of the anti-terrorism department at the Force Headquarters in Abuja, are scheduled to be arraigned today at the Federal High Court in Abuja. The charges, marked…
Access Pensions Limited is poised to merge with ARM Pension Managers Limited, according to the Federal Competition and Consumer Protection Commission (FCCPC). The merger is a result of Access Pension’s acquisition of an 81.82 percent majority stake in ARM Pension, a subsidiary of ARM Traditional Asset Management Limited. The FCCPC, in a notice released on Wednesday, outlined that the acquisition would be finalized through a scheme of merger between the two companies. Access Pensions, a Pension Fund Administrator (PFA) licensed and regulated by the National Pension Commission (PenCom) in Nigeria, is set to become a pivotal player in the…
Russian military transport plane, an Ilyushin-76, crashed in the southern Belgorod region of Russia, claiming the lives of all 74 passengers on board. The aircraft was reportedly carrying 65 Ukrainian prisoners of war (POWs) as part of a scheduled exchange, tragically ending in disaster. The official Tass news agency quoted the Russian Defense Ministry, confirming the aircraft’s mission to bring Ukrainian POWs to the region for a planned prisoner swap. The crash occurred in the Karocha district northeast of Belgorod, with a verified video by the BBC capturing the heart-wrenching moment as the plane plummeted to the ground, engulfed in…
National Security Advisor Jake Sullivan praised the Millennium Challenge Corporation (MCC), on its 20th anniversary for the remarkable influence it has exerted on millions of lives worldwide. The MCC’s groundbreaking, data-driven development model has garnered attention for its effectiveness and cost-efficiency in addressing key constraints to growth in collaboration with low-income and lower-middle-income countries. Sullivan highlighted MCC’s commitment to partnerships based on good governance, democracy, and investments in people. Over the past two decades, MCC has made pivotal investments, such as supporting farmers and fortifying food systems, initiating critical policy reforms, enhancing the delivery of essential health services, constructing educational…
The Millennium Challenge Corporation (MCC), celebrated its 20th anniversary as a transformative force in international development. Established in 2004 under the Bush Administration, MCC pioneered an experimental approach focused on cost-effective, data-driven strategies to combat global poverty. Staffed by passionate development visionaries, the agency’s mission was unprecedented—forge partnerships with low-income countries committed to good governance, democracy, and investment in their people. MCC’s unique model has proven immensely successful over the past two decades. CEO Alice Albright describes it as a place that thrives on identifying opportunities in challenges, providing grants instead of loans, and steadfastly believing in a better tomorrow.…
Former Lagos State governor and ex-Minister of Works, Babatunde Fashola with some nigerian governors joined forces to stress the importance of prioritizing Information and Communications Technology (ICT), and Artificial Intelligence (AI), for the country’s development. Babagana Zullum of Borno State, Inuwa Yahaya of Gombe State, and Abdullahi Sule of Nasarawa State and Babatunde Fashola made this consensus during the public presentation of a book authored by Prof Isa Pantami, titled “A Scholar’s Journey Navigating Academia.” The book meticulously details Pantami’s impactful contributions to ICT and digital economic growth in Nigeria. Governor Babagana Zullum, chairing the event, highlighted the strides made…
Deputy Administrator, Isobel Coleman from the United States Agency for International Development (USAID), graced the inauguration of President Joseph Boakai as part of the U.S. Presidential Delegation in Liberia. During her stay, Deputy Administrator Coleman engaged with various stakeholders, including government officials, civil society representatives, and private sector leaders. The primary focus was on fortifying the U.S.-Liberia relationship and showcasing the ongoing efforts of the U.S. government in key areas. One highlight of her visit was the tour of the Soniwein Health Center in Monrovia, where Deputy Administrator Coleman witnessed firsthand the impact of USAID’s investments in health systems, particularly…
President Tinubu has jetted off to Paris, France, for a private visit, marking his third international trip since assuming office eight months ago. The departure, announced by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, comes on the heels of a bilateral meeting with the American Secretary of State, Antony Blinken, held at the Presidential Villa in Abuja. Tinubu’s previous visits to Paris have been strategically aligned with global initiatives. In June 2023, shortly after taking office, he participated in the Paris Summit for the New Global Financial Pact. The focus was on addressing the aftermath…
U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, conveyed her commendation for Ghana’s exceptional leadership during a meeting with President Nana Akufo-Addo on the margin of Liberia’s inaugural events. Expressing gratitude, Ambassador Thomas-Greenfield acknowledged Ghana’s role on the UN Security Council, emphasizing the nation’s valuable contributions to recent resolutions, notably addressing UN financing for African Union Peace Operations. Key topics of the meeting included joint efforts to combat democratic backsliding in the region and the shared commitment to strengthening partnerships in the fight against violent extremism. The discussion emphasized the importance of international cooperation in addressing challenges to democracy and…
U.S. Ambassador, Linda Thomas-Greenfield, in her last mission to Liberia, prioritized the empowerment of the nation’s youth and acknowledged the dedication of the Armed Forces. Ambassador Thomas-Greenfield visited The Linda Thomas-Greenfield Preparatory School, situated on the Edward Beyan Kessely Military Barracks in Margibi County. During this visit, she donated essential school supplies to children from both the Armed Forces of Liberia and neighboring communities who attend this institution. Ambassador Thomas-Greenfield also engaged with the military community during her visit to the barracks. In an effort to recognize and appreciate their contributions, she met with Liberian soldiers who had served as…
The U.S Secretary, Antony Blinken, has emphasized the importance of fostering inclusive economies and international partnerships. In a recent interview, Blinken highlighted the potential economic boost of $28 trillion if women were included in the economy equally with men. “If women were included in the economy equally with men, we would add $28 trillion to the global economy. That’s extraordinary,” He stated Blinken stressed that such partnerships should be a win-win, benefiting both investors and the communities involved. “It has to work for the communities here in Africa, not just for the investors. It’s precisely by listening to the communities…