Blog - Abia ThinkTank News

May

2024

Conversion Of N10 Billion Naira Loan To 32 Beneficiaries Through A Third Party Calls For Immediate Arrest Of Ikpeazu

CONVERSION OF N10 BILLION NAIRA LOAN TO 32 BENEFICIARIES THROUGH A THIRD PARTY CALLS FOR IMMEDIATE ARREST OF OKEZIE VICTOR IKPEAZU. Its a pity that some people are spending valuable time defending this brazen fraud in the name of contractor refinancing scheme or whatever you call it. The more you defend this open stealing of the people's funds, the more you sound ridiculous. It is very clear from the foregoing audit report released by government governor Alex Otti that Ferotex Construction Coy has been used by Ikpeazu to fleece the Abia account with reckless abandon. There was indeed never any…

May

2024

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By Abia ThinkTank

Gov Otti Set To Procure CNG Buses To Ease Transportation And Cushion The Effects Of Subsidy

Abia State, Good Governance, News Flash, Transportation

Gov. Otti set to procure CNG buses to ease transportation and cushion the effects of subsidy Gov. Otti disclosed this at the monthly media chat tagged "Gov. Otti speaks to Abians" when asked about the palliative received from FG to cushion the effects of subsidy and how it was disbursed in the state "So the first set of subsidy was shared at the ward level, and we ensured it was shared to vulnerable men and women, and then the last set we shared to civil servants from grade level 1-7, maybe when we receive another set we'll know how to…

May

2024

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By Abia ThinkTank

Chad’s Military Leader, Mahamat Deby Wins Election To Continue Family’s 34-Year Rule

Foreign Affairs, News Flash, Politics

Chad’s Military Leader, Mahamat Deby Wins Election To Continue Family’s 34-Year Rule Mahamat Déby, Chad’s military ruler, has been declared winner of the presidential poll, legitimising the continuation of his family’s 34-year grip on power. According to Chad’s National Election Management Agency on Thursday, General Déby won 61.3 per cent of the vote to defeat his closest rival, Prime Minister Succès Masra, who won 18.53 per cent. Mr Déby, 40, took over the country’s leadership after his father, former President Idriss Déby Itno, was killed in a gun battle against a rebel group in April 2021. As interim ruler, he…

May

2024

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By Abia ThinkTank

2024 UTME: 174 Deeper Life School Students Score Above 300

Columns/Opinions/Letters, Education, News Flash

174 Deeper Life School Students Score Above 300 Nigerians on social media were in awe on Friday as Deeper Life High School announced that no fewer than 174 students across its campuses nationwide scored 300 and above in the 2024 Unified Tertiary Matriculation Examination. The school in a post via its official handle on Facebook @Deeper Life High School posted the 174 students. “Despite JAMB’s announcement that only around 0.5% of candidates nationwide scored 300 and above in the 2024 UTME, an astounding one hundred and seventy-four (174) students of DLHS exceeded expectations with flying colours by scoring 300 and…

May

2024

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By Abia ThinkTank

Canada Fines Binnance $4.38Million For Violating Money Laundering, Terrorist Financing Laws

Crime, Economy, Foreign Affairs, News Flash

Canada Fines Binance $4.38Million For Violating Money Laundering, Terrorist Financing Laws Canada’s anti-money laundering agency has imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the country’s money laundering and terrorist financing laws. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on Thursday said Binance had failed to register as a foreign money services business with the intelligence body despite several deadlines. According to Reuters, the anti-money laundering agency added that Binance, which ceased operations in Canada last year, had not reported receiving virtual currency worth C$10,000 or more on 5,902 separate occasions…

May

2024

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By Abia ThinkTank

IMF Advises Nigerian Govt Over Crypto Trading Platforms

CBN/Commercial Banking, Economy, News Flash

IMF Advises Nigerian Govt Over Crypto Trading Platforms The International Monetary Fund has advised the Nigerian government to ask global crypto trading platforms to register or obtain licences before operating in the country. This recommendation was made in the IMF’s latest staff report, released on Thursday following the conclusion of its 2024 Article IV consultation with Nigeria. According to the report, compelling global crypto trading platforms to register will subject them to regulatory requirements. The IMF emphasised the need for Nigeria to establish a robust regulatory framework to oversee the growing cryptocurrency market, ensuring financial stability and protecting investors. It…

May

2024

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By Abia ThinkTank

Fubara Relocates Rivers Assembly Sitting To Government House

House Of Assembly, News Flash, Politics

Fubara Relocates Rivers Assembly Sitting To Government House The Rivers state governor, Sim Fubara has ordered the immediate relocation of the house of assembly sitting to Rivers government house. According to an executive order contained in a memo, the governor noted that the relocation was necessary due to the fire incident that happened at the House of assembly chambers earlier. His Excellency, Sir Siminalayi Fubara, the Governor of Rivers State, has issued an executive order to temporarily relocate the sitting of the State House of Assembly to the Auditorium of the Administrative section of Government House, Port Harcourt. This decision…

May

2024

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By Abia ThinkTank

Police Take Over Rivers House Of Assembly Quarters

House Of Assembly, News Flash, Politics

Police Take Over Rivers House Of Assembly Quarters About 30 armed policemen have taken over all the entrances to the House of Assembly quarters located along the Aba Road, Port Harcourt, Rivers state. It was gathered that both the first and second gates to the lawmakers’ estate were safeguarded by the police with about 30 patrol vans used to block the entrances. The development came shortly after the Martins Amaewhule-led House of Assembly claimed that the governor was planning to demolish the quarters following his recent surprise visit to the facility. But the governor, Siminalayi Fubara, had explained that his…

May

2024

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By Abia ThinkTank

Gov Otti Condoles NSA, Nuhu Ribadu, Over Brother’s Death

Abia State, Good Governance, News Flash

GOV OTTI CONDOLES NSA, NUHU RIBADU, OVER BROTHER'S DEATH Abia State Governor, Dr. Alex Otti, OFR, has expressed heart-felt condolences to the National Security Adviser (NSA), Mallam Nuhu Ribadu, over the death of his elder brother, Salihu Ahmadu Ribadu. Governor Otti's commiserations were conveyed in a statement issued Wednesday, May 8, 2024, by his media office. The Governor in his statement said even though death is a path every human must walk, the loss of a close family member at his prime can be very painful and traumatic. Governor Otti prayed that God would by His infinite grace comfort Mallam…

May

2024

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By Abia ThinkTank

Food Security: ABIA To Train 300 Farmers At Nassarawa Farm

Abia State, Economy, Good Governance, News Flash

FOOD SECURITY: ABIA TO TRAIN 300 FARMERS AT NASSARAWA FARM Abia State Governor, Dr. Alex Otti, OFR, has said that one of the ways Nigeria can solve the problem of food security is through the mechanisation of farming and establishing such businesses across the states of the federation. Governor Otti said with this measure, Nigeria would have found a panacea to food security amid rising import cost. The Governor made the call on Thursday during a capacity building training for the first batch of 300 candidates selected for agricultural training at CSS Global Integrated Farms, Nassarawa State. He stressed the…