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US Elections: Twitter, Facebook suspend several news accounts

Facebook and Twitter have suspended some accounts over violation of their policies during the hotly contested U.S. elections.

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US Elections: Twitter, Facebook suspend several news accounts

Twitter Inc and Facebook Inc have suspended several recently created and mostly right-leaning news accounts.

This was disclosed by the duo social media giants on Tuesday, according to Reuters.

The accounts were suspended for posting information about voting in the hotly contested U.S. election for violating their policies.

Twitter explained the accounts had been suspended for violating its policy against “coordination” by posting identical content while appearing independent or engaging in other covertly automated behavior.

It stated, “One of those suspended, SVNewsAlerts, had more than 78,000 Twitter followers, after adding more than 10,000 in the past week.

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“The account frequently warned of election-related unrest and highlighted issues with voting safety and reliability. It pointed to fraud claims about Democrats and called attention to Republican President Donald Trump’s rallies and speeches.”

(READ MORE: Facebook unveils F2 for payment and commerce plans, appoints David Marcus to head group)

Other accounts suspended by Twitter included FJNewsReporter, Crisis_Intel and Faytuks. Some of the accounts in the past suggested that readers follow others.

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Facebook also suspended several accounts behind U.S-based pages called SV News and FJ News, citing inauthentic behavior. The SV page had more than 20,000 followers.

Some of the suspended accounts were closely read by the media in Russia, which has been accused of meddling in the 2016 election.

Both SVNewsAlerts and Faytuks, which had only 11,000 followers, have had their tweets highlighted dozens of times in state-controlled Sputnik and RT, as observed by researcher Chris Scott and confirmed by Reuters.

Even as social media companies took action, false or exaggerated reports about voting fraud and delays at the polls circulated throughout the day, in some cases helped along by official Republican accounts and online publications.

(READ MORE:#EndSARS Twitter’s Jack Dorsey seeks support with Bitcoin)

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The FBI and the New York attorney general also said they were looking into a spate of mysterious robocalls urging people to stay home, which were reported in multiple battleground states.

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Twitter appended fact-checking labels to multiple tweets from the @PhillyGOP account, which was among those using the hashtag #StopTheSteal.

Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper. The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference. The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Hospitality & Travel

Qatar Air starts Abuja operations with first Nigerian female Boeing 787 pilot

Qatar Air has commenced its inaugural flight to Abuja with the first Nigerian female Boeing 787 pilot.

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Qatar Air has commenced its inaugural flight to Abuja, Nigeria on Friday. The airline commenced the operation with the first Nigerian female Boeing 787 pilot, Adeola Ogunmola Sowemimo.

This was disclosed on Friday by the Director-General, Nigerians in Diaspora Commission, Abike Dabiri, via her official Twitter handle.

She tweeted, “Today, Qatar Air operated its inaugural flight to Abuja, Nigeria. And our own Adeola Ogunmola Sowemimo was on the right seat as she assisted Captain Khan Sameer Ali. Adeola is the first Nigerian female Boeing 787 Pilot and the first Nigerian female Pilot to fly for Qatar Airways.”

What you need to know

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Sowemimo, who graduated in 2011 from the US-based Sunrise Aviation Academy and started her aviation career there, became the first Nigerian female pilot to work for Qatar Airways in the Middle East — a region which is challenging for women hoping to become pilots.

She is also the first female Nigerian to fly the Boeing 787 Dreamliner for Qatar Airways and the first Nigerian female pilot to fly the Boeing 767 Aircraft across the Atlantic Ocean, which puts her in the same league with Kenya’s Captain Irene Koki and Ethiopia’s Captain Amsale Gulau.

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Financial Services

Stanbic IBTC Holdings Plc establishes its wholly-owned life insurance subsidiary

Stanbic IBTC Holdings Plc has announced the establishment of its wholly-owned life insurance subsidiary.

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Stanbic IBTC floats new digital initiative to support CBN’s financial inclusion plan

Stanbic IBTC Holdings Plc (“Stanbic IBTC” or “the Company”) announced that it has obtained all required Regulatory Approvals, in a bid to complement and diversify its range of product offerings.

This includes a license from the National Insurance Commission to establish a wholly-owned Life Insurance subsidiary to be referred to as Stanbic IBTC Insurance Limited (“SIIL”).

The notification was revealed today through a press release, signed by the Bank’s Secretary, Chidi Okezie, and sent to the Nigerian Stock Exchange market today.

What you should know

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full-service financial services group with major business focus on three pillars – Corporate and Investment Banking, Personal and Business Banking, and Wealth Management.

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Standard Bank Group is the largest African financial institution by assets. It is rooted in Africa with strategic representation in 21 countries on the African continent.

The largest shareholder of the Group is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding.

Why this matters

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The recent corporate action by the bank is aimed towards diversifying the service offerings by the bank and advancing its frontiers as A leading end-to-end financial solutions provider in Nigeria.

In lieu of this, Stanbic IBTC Insurance Limited aims to provide insurance for financially included individuals and become the preferred insurer in the Life Insurance Business.

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Financial Services

Company Income Tax: Banks and financial institutions pay N24.05 billion in Q3 2020

Banks and financial institutions paid a total of N24.05 billion as Company Income Tax for Q3 2020.

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net interest income, Nigerian Banks, Fitch, Nigerian banks tremble over Cyber attack, Most Nigerian banks are very likely to fail stress tests should the economic downturn persists and deepens

Banks and financial institutions incurred a total of N24.05 billion in Company Income Tax (CIT) for the third quarter of the year (Q3, 2020). This is according to findings by Nairametrics.

The latest figure indicates a decrease of -50.9% q-o-q, from N48.95 billion recorded in the corresponding period last year.

What this means

The decrease in this year’s CIT figures can be attributed to the impact of the pandemic on the income of financial institutions, as well as the consequent effect income tax. In addition, the reduction might be a form of incentive by government to businesses in order to ease the excruciating impact of the pandemic.

What you should know

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In a similar vein, findings from Nairametrics revealed that fourteen (14) Deposit Money Banks incurred a total of approximately N95 billion in taxes in 2020 9M.

The breakdown of the individual tax figures for the banks is shown below.

Source: Nairalytics

In the top five category, GT Bank led the chart with N25.07 billion; followed by Zenith, N17.97 billion; Access Bank, N14.3 billion; UBA, N13.2 billion; and Stanbic, N10.7 billion.

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In the bottom five are Unity Bank with N137 million; followed by Jaiz Bank, N276 million; Union Bank, N366 million; Wema Bank, N413 million; and Sterling Bank, N655 million.

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