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May 24, 2023 Calabar Microfinance Bank and 131 Others Lose Licenses
IFMUYONEWS

Calabar Microfinance Bank and 131 Others Lose Licenses

132 microfinance banks in the country and four primary mortgage banks and three finance companies have lost their operational licenses.

The Central Bank of Nigeria stated this yesterday night.

The CBN gazette added: “the listed institutions cease to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months; failed to fulfil or comply with the conditions subject to which their licences were granted; or failed to comply with the obligations imposed upon them by the Central Bank of Nigeria in accordance with the provisions of Banks and Other Financial Institutions Act (BOFIA) 2020, Act No. 5.”

The apex bank’s governor, Godwin Emefiele, revoked the licenses in the exercise of the powers conferred on the Central Bank of Nigeria under Section 12 of BOFIA 2020, Act No. 5.

Finance companies that the licenses were revoked are: HHL Invest & Trust Limited, TFS Finance Limited and Treasures & Trust Limited while the four primary mortgage banks whose licenses were revoked are – Resort Savings & Loans, Safetrust Mortgage Bank, Adamawa Savings & Loans and Kogi Savings & Loans.

The other institutions include Atlas Microfinance Bank, Bluewhales Microfinance Bank, Everest Microfinance Bank, Igangan Microfinance Bank, Mainsail Microfinance Bank, Merit Microfinance Bank, Minna Microfinance Bank, Musharaka Microfinance Bank, Nopov Microfinance Bank, Ohon Microfinance Bank, and others.

May 23, 2023 Presidential Election Tribunal Consolidates Atiku, Obi and APM Petitions
IFMUYONEWS

Presidential Election Tribunal Consolidates Atiku, Obi and APM Petitions

The Presidential Election Petition Tribunal (PEPT) has elected to merge the three petitions filed by Alhaji Atiku Abubakar of the Peoples Democratic Party (PDP); Peter Obi of the Labour Party (LP), and the Allied Peoples Movement (APM).

The court, in a pre-hearing report issued and read today (Tuesday) by Justice Haruna Tsammani, the five-member panel of the court ordered the commencement of hearing in the petitions by Obi and his party on May 30, 2023.

The court also directed that the petitioners should conduct their case within three weeks, during which it should call its planned 50 witnesses, begining from May 30 when they shall begin to call witnesses and close in June 23.

The Election Tribunal stated that trial in the petition will end on August 5 when lawyers to parties are to adopt their final written addresses, following which a date will be set for judgment.

May 22, 2023 Dangote Refinery Produce to Hit Market in July, August 2023
IFMUYONEWS

Dangote Refinery Produce to Hit Market in July, August 2023

Alhaji Aliko Dangote, has said that the first tranche of petroleum products from the refinery will be supplied to the market by the end of July or the begining of August 2023.

Speaking at the commissioning of theintegrated refinery project located in the Lekki free trade zone area of Lagos State on today, Dangote described it as a milestone in a new and exciting trajectory for Nigeria’s oil and gas downstream sector.

“It is our firm commitment that we will replicate in this sector what we have actually achieved in the cement and fertilizer markets while Nigeria transformed from being the largest importer of these crude products to a net exporter,” he said.

“Our first goal is to ramp up projections of various production to ensure that within this year, we are able to fully satisfy our nation’s demand for higher quality products to enable us to eliminate the tragedy of import dependency and stop, once and for all, the dumping in our market of toxic substandard petroleum products.

“Our first products will be in the market before the end of July, beginning of August this year.”

The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

The firm stated that the facility was designed to process a large variety of crudes, including many African crudes, some Middle Eastern crudes, and US (United States) Light Tight Oil, for local consumption as well as export.

May 19, 2023 Akwa Ibom State Sexual and Gender Based Management Committee Commemorates International Day of the Boy Child
IFMUYONEWS

Akwa Ibom State Sexual and Gender Based Management Committee Commemorates International Day of the Boy Child

Proactive measures have been adopted to ensure a sane and crime free society by ensuring the mental wellness of the boy child as the world marks the international day of the boy child.
The theme of this year’s celebration which bothered around the mental health of the boy child seeks to encourage the happiness and healthy lifestyle of boys in the society.
In Akwa Ibom State, the Akwa Ibom State Gender Based Violence Management Committee in an event at Ibom hall gathered young boys across schools in the state to lend voice to the need to raise boys with sound minds in other to curb their involvement in Gender-based violence and other related crimes.
While setting the tone for the commencement of the event, the head of Sexual Assault unit at the Ikot Ekpene Sexual Assault Referral Centre, Dr ATTA ESSIEN identified factors that hamper the wellbeing of the mental health of the boy child.
In a keynote address, a law practitioner Dr AMANIM AKPABIO based the problems of the boy child on poor models the society showcases and sadly tags as acceptable for them to emulate.
Furthermore, he noted that poor parental training to a large extent affects the conduct of boys in the society as they grow to be men.
Profound at the event was the panel discussion where successful male models talked about their growth through the ladder of their chosen careers, while principally highlighting the need for the boys to desist from vices capable to marring their chances at success.
Highpoint of the event was the unveiling of the book “THIS IS YOUR MOMENT” which were freely given to all attendees through the sponsorship of the Wife of the governor of the state, Dr. MARTHA UDOM

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