News Flash - Abia ThinkTank News

May

2024

Tinubu Orders CBN To Suspend Implementation Of Cybersecurity Levy

Tinubu Orders CBN To Suspend Implementation Of Cybersecurity Levy President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in the country. The CBN on May 6, 2024, issued a circular mandating all banks, mobile money operators, and payment service providers to implement a new cybersecurity levy, following the provisions laid…

May

2024

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By Abia ThinkTank

Tobi Amusan Becomes World Fastest Woman, Dust Record Holder, Williams At Home Soil

News Flash, Sports

Tobi Amusan Becomes World Fastest Woman, Dust Record Holder, Williams At Home Soil Nigerian athletics sensation Tobi Amusan underlined her status as the fastest woman in the world this year after she blitzed past world champion Danielle Williams in front of home support. Pulse Sports Nigeria reports that Amusan finished with a remarkable 12.40 second performance to win the 100m hurdles at the Jamaica Athletics Invitational. Jamaica Invitational: Tobi Amusan returns to hurdling action against reigning world and US championsJamaica Invitational: Tobi Amusan returns to hurdling action against reigning world and US champions In perfect +0.9m/s conditions in Kingston, the…

May

2024

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By Abia ThinkTank

Don’t Be Afraid, Nobody Can Remove You – Wike Assures Rivers Assembly Lawmakers Loyal To Him

News Flash, Politics, South South

Don’t Be Afraid, Nobody Can Remove You – Wike Assures Rivers Assembly Lawmakers Loyal To Him The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured lawmakers of the Rivers State House of Assembly loyal to him that nobody can sack them from their positions. Wike, however, appealed to all his supporters to continue to embrace peace, boasting that he remains in charge of political happenings in Rivers State. Speaking at an event on Saturday at Ogu-Bolo in honour of Chief George Thompson Sekibo, which had some of the Rivers Assembly members in attendance, Wike said his supporters…

May

2024

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By Abia ThinkTank

Any Attempt To Frustrate The Operation Of Rivers State Government Will Not Be Allowed – Presidency Warns Wike, Others

News Flash, Politics, South South

Any Attempt To Frustrate The Operation Of Rivers State Government Will Not Be Allowed — Presidency Warns Wike, Others Amidst Rivers state crisis, Ajuri Ngelale, the Special Adviser on Media and Publicity to President Bola Tinubu, has told the Minister of Federal Capital Territory, FCT, Nyesom Wike and others that his principal will not take sides in the ongoing crisis rocking Rivers State. Ngelale disclosed the President’s position during an interview with the media. According to him, all those with the assumption that Tinubu would take their side in the Rivers State political crisis would be disappointed. The Special Adviser…

May

2024

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By Abia ThinkTank

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

Abia State, Crime, News Flash, Politics

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…