1,000 Civilians Dead, 1,400 Houses Razed Within 30 Months Under Governor Uzodinma In Imo –Report
Photo Credit: Sahara Reporters)
No fewer than 1,000 civilians were reportedly killed while 1,400 houses were razed in Imo State between January 2021 and June 30, 2023, under Governor Hope Uzodinma, according to the International Society for Civil Liberties and Rule of Law.
The Inter society also asserted that at least 3,700 people arbitrarily were arrested and that 320 others disappeared without traces.
It added that no fewer than 200 unarmed citizens were also arrested under false labelling and taken into custody where they were most likely being tortured or threatened with custodial death.
This was contained in a review of its special investigative reports on the genocidal situation of Christians in Nigeria and the Imo mass atrocities issued on April 10/June 12 and May 21, 2023.
Photo Credit: Google
Tinubu meets Shell director, NNPC boss
Photo Credit: Vanguard papers)
President Bola Tinubu has met with the Shell Global Upstream Director Ms Zoë Yujnovich at the Presidential Villa, Abuja.
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari was also present at the meeting.
The meeting was Tinubu’s first official engagement after the Sallah festivities and his foreign trips to France on June 20 and London on June 24 respectively.
Yujnovich, who assumed office as Upstream Director on July 1, has been a member of the Shell Executive Committee since 2021.
She arrived at the Aso Rock Villa with three other Shell officials around 11:45 am and was ushered into the President’s office complex for the meeting scheduled for 12:00 noon.
At 70.5%, MPC Members Warn Banks To Reduce Cost To Income Ratio
Photo Credit: Leadership )
Monetary Policy experts have cautioned banks in the country to cut down on this to ensure a robust balance sheet.
The cost to income ratio standing at 70.5 per cent in Nigerian commercial banks, is a record high amongst the country’s peers across the world, it was learnt.
member of the Monetary Policy Committee(MPC) of the Central Bank of Nigeria(CBN), Adeola Adenikinju, in his personal statement at the May meeting just released by the apex bank on its website, noted that, the industry’s cost to operating income declined marginally from 70.6 per cent to 70.5 per cent between March and April 2023.
He stressed the need to address the high ratio saying that in other climes, the ratio is 23.5 per cent in Turkey, 50.6 per cent in Brazil, 41.0 per cent in Malaysia, 62.0 per cent in South Africa, 43.2 per cent in Angola, 35.2 per cent in Egypt, Kenya is 45.2 per cent and Ghana, 46.1 per cent.
CISLAC, Stakeholders Deepen Engagements To Curb $18bn Illicit Financial Flows
Photo Credit: Leadership )
The Civil Society Legislative Advocacy Centre(CISLAC) has deepened its stakeholder engagement strategy aimed at entrenching transparency in Nigeria’s extractive industry.
The ongoing engagement also seeks at plugging fraudulent conveyor channels through which the country loses over $18 billion annually as a result of Illicit Financial Flows (IFF).
The organisation said, the loss was largely due to tax evasion, caused by grand corruption, organized crime and other licit and illicit practices.
Speaking at the opening of a two-day workshop organized by the Accountability in Extractive Sector cluster with support from the United States Agency for International Development (USAID) in Lagos, the executive director and CISLAC, Mr. Auwal Ibrahim Musa, stated that, although Nigeria might be an extreme case, the menace was replicated throughout Africa.
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