Following their recent inauguration, members of the Board of the Nigeria Deposit Insurance Corporation (NDIC) have expressed their commitment to continually safeguard and stabilise the financial services sector in the country.
According to Chairman of the Board, Mrs Ronke Shokefun, who made the pledge in Abuja yesterday, this would be actualised through the formulation and implementation of favourable policies.
Speaking further during the first ever retreat organised for members of the NDIC Board in Abuja, Mrs Shokefun stated that positioning the country’s financial system is necessary towards ensuring economic growth.
She also said that the job of the NDIC Board is a very critical one.
Therefore, the best way to justify the trust that has been invested in the new Board members by both the NDIC and the country at large, is to do the job well.
“We are committed to providing the desired leadership required to enable the nation achieve its goal of becoming one of the top 20 economies in the world by Year 2020.
“As people of proven integrity, we are to collectively paddle the boat of NDIC in particular and that of the nation’s banking sector in general to safety.
” We owe this very important organisation and the nation that duty in order to justify the confidence reposed in us by President Muhammadu Buhari.”
About the Nigerian Deposit Insurance Corporation, NDIC
The NDIC was established in 1988 following the recommendation of the Central Bank of Nigeria, CBN.
As an independent Federal Government agency, the main objective of the deposit insurance system is to protect the interest of depositors and guarantee payment of insured funds in the event of failure of insured institutions.
To some extent, the agency can be said to have actualised this objective. Recall that following the liquidation of Skye Bank Plc, the NDIC was at the forefront fighting to ensure that the protection of depositors.
Just last November, the NDIC assured that the corporation would soon commence claims payment to depositors of failed microfinance banks and primary mortgage banks.
#EndSARS: Protests may return if panels do not address all issues in 2 weeks – Former Nigerian Minister
Akinyemi says the #EndSARS protesters would return to the streets if their demands are not addressed in two weeks.
COVID-19: Jason Njoku and wife test positive
iROKOtv CEO and wife have contracted the novel coronavirus.
Jason Chukwuma Njoku, the co-founder and CEO of iROKOtv and his wife has tested positive for COVID-19. However, Mrs. Mary Njoku is feeling well.
Jason, disclosed this via his Twitter handle stating that “My enemies are hard at work in 2020. Mrs. Njoku and I tested positive for Covid-19. I’m not feeling great, but Mary is well. Literally no idea how I caught it. But we shall see this pass too.”
The media mogul did not reveal if his children caught the virus too.
My enemies are hard at work in 2020. Mrs Njoku and I tested positive for Covid19 😩. I'm not feeling great but Mary is well. 😷🤢. Literally no idea how I caught it. 🤷🏾♂️. But we shall see this pass too🙏🏾. pic.twitter.com/tnsP1BCPBB
— JasonNjoku (@JasonNjoku) October 28, 2020
UK High Commission reopens visa application centres in Nigeria
Days after it was shut down, United Kingdom High Commission in Nigeria has announced the reopening of its visa application centres.
The United Kingdom High Commission in Nigeria has announced the reopening of its visa application centres in the country.
This comes some days after the high commission had shut down its visa application centres in Victoria Island, Lagos and Abuja over the outbreak of violence arising from hijacked #EndSARS protests against police brutality and extra-judicial killings, which led to the loss of lives, vandalization, and looting of public and private assets across the country.
The disclosure was made by the High Commission in a statement through a tweet post on its official Twitter handle.
The High Commission, however, noted in its statement, titled, “Update on UK visa application centres in Nigeria” that its centres would not open on Thursday due to the public holiday in Nigeria, in honour of the Eid-El Malaud celebration.
The statement from the UK high commission, partly reads, “Our TLS contact visa application centres are now open in Nigeria. Following the recent closures, we are working hard to process all outstanding applications.’’
“We thank you for your continued patience and understanding. Please note Thursday, October 29, is a public holiday in Nigeria and our Visa application centres will be closed.”
The reopening of the visa applications centres after they were shut about a week ago is due to the gradual return of peace and order to some of those trouble spots, following the intervention of security agents.
The UK High Commission had been very critical of the outbreak of violence in the country, especially the shooting of unarmed protesters at Lekki Tollgate by alleged military personnel, and asked the government to thoroughly investigate the incident and ensure justice is done.
In its statement, the High Commission said, “We remain concerned by acts of looting and violence in Nigeria and urge security services use restraint as the order is restored. Working with all stakeholders, judicial panels of inquiry must investigate all incidents, including Lekki and ensure accountability for crimes.”
What you should know
The Judicial Panel of Inquiry set up by the Lagos state government to handle all cases of police brutality in the state have also been mandated to conduct an inquiry into the shooting of unarmed protesters last week.
Amnesty International earlier said that 12 people were allegedly shot dead by the police and army at two locations during the hijacked protests.
Explore Data on the Nairametrics Research Website
Please see below 👇🏼 for an update on UK Visa Application Centres in Victoria Island, Abuja & Lagos.
— UK in Nigeria🇬🇧 (@UKinNigeria) October 26, 2020