Business News
#EndSARS: Our police reform agenda is a game changer to end impunity – Osinbajo
Osinbajo has told a US delegation that the proposed reform of the Police will be a game-changer in ensuring an end to impunity.
The Vice President of Nigeria, Prof. Yemi Osinbajo told a US delegation that the proposed reform of the Nigerian Police Force (NPF) will be a game-changer in ensuring an end to impunity. The reforms have become necessitated by reports of police brutality, extortion, unlawful arrests, and extrajudicial killings.
This was disclosed in a tweet by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, via his official Twitter handle.
OUR POLICE REFORM AGENDA IS A GAME CHANGER TO END IMPUNITY – OSINBAJO TELLS US DELEGATION
— Laolu Akande (@akandeoj) October 23, 2020
According to Prof. Osinbajo, “The plan of both the Federal & State Governments to investigate police brutality & prosecute erring police officers, create new State-based Security and Human Rights Committees, as well as providing compensation to victims of the disbanded Special Anti-Robbery Squad (SARS) and other police units, would be a game-changer in ensuring an end to impunity.”
This is a sequel to the public outcry for the re–structuring and overall rehabilitation of the security architecture owing to the high incidence of gross violations and abuse of fundamental human rights by the police and other security operatives in the country.
What you should know
Nairametrics had earlier reported that the Lagos State Government had published a schedule of ongoing criminal prosecution of erring police officers accused of human rights abuses in the state.
What they are saying
Commenting on the latest development, Prof Osibanjop said, “At least 13 states have since established Judicial Panels to seek justice and compensate victims whose rights have been breached by the disbanded SARS.
“Our holistic police reform plan will end impunity. Together, Nigeria will prevail.”
Why it matters
The reform of the Nigerian police and other security architecture is long over-due. The restructuring will lead to assuaging rising tension among the pro-EndSARS Nigerians. Also, it will end a culture of impunity among police officers, which will culminate in renewed trust for the security outfit.
The Central Bank of Nigeria (CBN) has revealed that the Coalition Alliance Against COVID-19 (CACOVID) has so far incurred an expenditure of N43.27billion on the acquisition of, not only medical equipment and supplies but also food palliatives for vulnerable Nigerians.
The recent press release noted that the funds raised by CACOVID was used to support 3 key priorities – Medical facilities and equipment, food relief programs and communications plans.
The breakdown of the expenditure in the aforementioned areas are:
- Medical Facilities and equipment: In collaboration with other stakeholders, CACOVID developed 39 fully equipped isolation centers across the 36 States of the Country including the Federal Capital Territory (FCT). The sum of N4.19billion was spent in Building Isolation Centers. In addition, medical equipment such as PCR test kits for suspected cases of COVID-19 were procured along with other required medical items at a cost of N9.02billion.
- Food relief programs: As a way of cushioning the impact of the lockdown on vulnerable citizens, CACOVID provided palliatives in the form of essential food items to 1.7million households, which is equivalent to supporting 8 million Nigerians. A total of N28.76billion was spent procuring these food supplies.
- Communication plans: CACOVID also worked to improve awareness in rural communities on the COVID-19 virus, and the measures community health workers and other members of society should take when someone in the community is suspected of having symptoms similar to that of COVID-19. In lieu of this, expenses were incurred on Print, TV, radio, and social media as part of CACOVID communication plans.
Why this matters
The recent disclosure is in line with the principle of accountability and transparency, as the organization seeks to lay bare facts regarding expenditure incurred so far; thereby, nipping in the bud, suspicions and unfounded rumor.
What you should know
Due to the sudden global health challenge (COVID-19), which wreaked havoc on most economies of the world, coupled with declining oil prices and declined government revenue; the Bankers Committee, comprising the Central Bank of Nigeria and the Deposit Money Banks, as well as key stakeholders in the private sector came together to set up an alliance in March 2020, known as the Coalition Alliance Against COVID-19 (CACOVID).
The ultimate objective is working with the government to provide support in areas that would result in improved health and welfare for vulnerable Nigerians.
Companies
PZ Cusson announces retirement of Chairman, Kola Jamodu
PZ has announced the retirement Chief Kola Jamodu as Non-Executive Director and Chairman of the Board of the company.
The Board of Directors of PZ Cussons Nigeria Plc has announced the retirement of Chief Kola Jamodu as Non-Executive Director and Chairman of the Board of the company.
This disclosure was made in a notification signed by the Company’s Secretary, Jacqueline Ezeokwelume, and sent to the floor of the Nigerian Stock Exchange.
According to the notification issued by Mrs. Ezeokwelume, Chief Kola Jamodu will retire as a Non-Executive Director and Chairman of the Board effective 11 December 2020 to enable him to pursue other personal endeavours.
What you should know
Chief Jamodu joined PZ Cussons Group in 1974 and served in Executive positions for 24 years rising to the position of Chief Executive Officer of the Company, a position he held until he retired in 1999.
He thereafter continued as a Non-Executive Chairman of the Board until 2001 when he was appointed as the Honourable Minister of Industry of the Federal Republic of Nigeria, a position he held until 2003.
He was reappointed as the Chairman of the Board of PZ Cussons Nigeria Plc in November 2014.
Appointments
Abbey Mortgage Bank announces appointment of 6 Directors
The Central Bank of Nigeria has approved the appointment of 6 Directors of Abbey Mortgage Bank.
Abbey Mortgage Bank has announced the appointment of 6 Directors, including Mr. Madu Hamman as the substantive Managing Director.
The disclosure is contained in a notification, signed by the Bank’s Secretary, Geoff Amaghereon Esq. and sent to the Nigerian Stock Exchange market today, as seen by Nairametrics.
What you should know
Five (5) other Directors were appointed by the CBN – 2 Executive and 3 Non-Executive Directors.
The names and portfolios of the Directors are; Mr. Mobolaji Adewumi – Executive Director; Mr. Oladipupo Ayodele Adeoye – Executive Director; Mr. Nonso Okpala – Non-Executive Director; Professor Marius N. Umego – Non-Executive Director; and Brigadier-General John Obasa (rtd) – Non-Executive Director.
The notice also mentioned that all appointments have been approved by the Central Bank of Nigeria.
Bamboo says USD Wire Transfer option is no longer available for deposits
COVID-19: CACOVID spent N43.27 billion to support 3 key priorities – CBN
FCMB Group posts N48.3 billion revenue in Q3 2020
PZ Cusson announces retirement of Chairman, Kola Jamodu
FG, Tiimafrica to provide $5,000 one-time grant to young business owners
Daily Parallel Market Exchange Rate – ₦480/$1
Ripple adds Bank of America to payment network
Naira strengthens at forex market as CBN intervenes in the market
CBN Governor alleges parallel market used for bribes and corruption
Ripple suffers highest day percentage loss since September 3
Anonymous
October 24, 2020 at 9:06 am
I no fit laugh eh eh! Did he just say a game changer to end impunity? Buwahahaha! The time impunity will end is when all of you get out of office and we fix this county collectively without a leader then later appoint representatives!