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Business News

See the agreements AIT and NBC accepted as court gives final ruling

Daar Communications Plc and the @nbcgovng have both accepted a seven terms of agreement approved by the Federal High Court setting in Abuja after a month of dispute.

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NBC ban Daar Communications licence, Court settle NBC and Daar Communications dispute

Daar Communications Plc and the National Broadcasting Commission (NBC) have both accepted six terms of agreement which was approved by the Federal High Court sitting in Abuja. This brings an end to the one month dispute between the media company and the regulator.

Justice Inyang Ekwo who presided over the proceedings at the Federal High Court in Abuja, ordered that both Daar Communications Plc (the parent company of African Independent Television) and the broadcasting regulator should comply according to the stipulated agreed terms which were presented to both parties for consent.

Both Daar Communications and NBC became involved in the dispute after the regulator shut down the broadcasting rights of Ray Power’s parent company, citing failure to pay for the license fee renewal for its radio and television stations and gross violations of Nigeria’s broadcasting code.

Daar Communications studio

Services provided by the company.

The six terms of agreement:

  • That the plaintiff (DAAR Communications Plc) shall furnish the 1st defendant (National Broadcasting Commission) with a concrete and realistic proposal and ensure the prompt payment of the outstanding licence renewal fee for its National Network Broadcast licence (Radio/T.V).

[READ ALSO: EFCC ordered to release defunct Skye Bank’s ex-Chairman]

  • That the plaintiff shall take necessary internal steps to ensure balance in its news coverage, especially the political commentary on the Plaintiff’s stations across the country.
  • That the plaintiff shall take full editorial responsibility for the use of content sourced from social media and all/any other outlets.
  • That the plaintiff shall ensure that all programmes transmitted on its TV/Radio stations across the country comply with the provisions of the Constitution of the Federal Republic of Nigeria, 1999, the National Broadcasting Commission Act, Cap. NH, Laws of the Federation, 2004 and the Nigeria Broadcasting Code as may be in force or/and as amended from time to time.

[READ ALSO: Why HipTV’s Ayo Animashaun is taking Heritage Bank to court]

  • That the 1st defendant shall withdraw forthwith, the suspension of the National Network Broadcast licence (Radio/TV) of the plaintiff.
  • That the Terms of Settlement tiled and adopted is hereby entered as a judgment of this court in this suit. That each of the parties shall bear its own costs of this action.

[READ FURTHER: Supreme Court dismisses Ecobank’s appeal against Honeywell]

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

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Coronavirus

Covid-19: WHO approves China’s Sinopharm vaccine

WHO has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.

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Covid-19: First world nations oppose waiving intellectual rights for vaccine development

The World Health Organization (WHO) has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.  The vaccine is reported to have 79% efficacy against covid.

This was disclosed today in a report by Reuters. The vaccine would also be the second Chinese-made vaccine after Sinovac vaccine and would be the first developed outside Europe and North America to receive WHO accreditation.

“This expands the list of COVID-19 vaccines that COVAX can buy, and gives countries confidence to expedite their own regulatory approval, and to import and administer a vaccine,” WHO Director-General, Tedros Adhanom Ghebreyesus said.

The WHO added that the easy storage requirements make it highly suitable for low-resource settings.

“Its easy storage requirements make it highly suitable for low-resource settings,” a WHO statement said while also disclosing that the vaccine has been approved for people above the age of 18 to receive two shots.

“On the basis of all available evidence, WHO recommends the vaccine for adults 18 years and older, in a two-dose schedule with a spacing of three to four weeks,” the statement added.

The vaccine was created by Beijing Biological Products Institute, a subsidiary of Sinopharm subsidiary China National Biotec Group, with an efficacy of 79% for all age groups.

The WHO however, admitted that few older adults (over 60 years) were enrolled in clinical trials, so efficacy could not be estimated in this age group.

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The quest for vaccine efficiency got a major boost earlier this week as Nairametrics reported that the United States government announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development, in a bid to boost the fight against the pandemic, and says it will participate in the Okonjo-Iweala-led WTO negotiation to make it happen.

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Obituaries

“Mama Taraba”, Former minister and senator, Aisha Al-Hassan is dead

Ex-Women Affairs minister, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead

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A former Minister for Women Affairs and ex-Governorship Candidate in Taraba State, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead.

According to media reports she died in a hospital on Friday in Cairo, Egypt at the age of 61.

Al-Hassan, who was a former senator of the Federal Republic of Nigeria from Taraba North Senatorial District, was the All Progressive Congress (APC) Governorship Candidate for Taraba in the 2015 general elections.

READ: Abba Kyari’s last letter to President Buhari

She later contested for the same seat on the platform of the United Democratic Party in the 2019 general elections after resigning from APC and as a minister in the administration of President Muhammadu Buhari on July 27, 2018.

The former senator was born on the 16th of September, 1959 in Jalingo, Taraba State, to Alhaji Abubakar Ibrahim, Sarkin Ayukan Muri.

READ: Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

Aisha Jummai Al-Hassan attended Muhammed Nya Primary School, Jalingo and LEA Primary School, Tudun Wada, Kaduna before proceeding to Saint Faith College (now GGSS) Kawo Kaduna where she studied between January 1973 and June 1977.

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Details later…

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