NEWS
Bayelsa Warns FG Against Denying Oil Communities of Benefits
From Tayese Mike, Yenagoa
Bayelsa State Government has cautioned the Federal Government and other critical stakeholders in the oil and gas industry against repeating the mistakes that are capable of depriving host communities of their benefits.
The state Deputy Governor, Senator Lawrence Ewhrudjakpo, stated this on Monday while declaring open the technical session of the 5th National Council on Hydrocarbons at the Dappa Biriye Conference Centre in Yenagoa.
Making reference to Oloibiri, which he described as the cradle of oil wealth in Nigeria, the Deputy Governor lamented that the pitfalls in oil exploration activities have underdeveloped oil producing areas in the country.
In a press release by his Senior Special Assistant on Media, Mr Doubara Atasi, Senator Ewhrudjakpo challenged the delegates to come up with a policy document that will help in correcting the mistakes of the past as well as maximize the gas value chain for the mutual benefit of all stakeholders.
He called on policy makers, particularly at the federal level, to ensure that while the country benefits from gas exploration and exports, the host communities should not be left to continually suffer the brunt of gas flaring and other related activities.
To this end, the deputy governor urged the federal government and oil companies to pay the desired attention to oil producing states and communities through effective planning and implementation of sustainable and standard hydrocarbon policies.
“Clearly, we have not gotten as much as we expected from the exploration of crude oil. So, the thinking now is that, we have to go into gas. But going into gas, how ready are we? Have we learnt the lessons associated with the over 60 years of oil exploration and exploitation?
“As you come here today for this academic gymnastics, we expect that at the end of the day, the policy document you will churn out will not only help us optimize the gas value chain but also ensure that all the mistakes that characterized our years of crude oil exploration do not come to bare,” stated.
In his address, the Permanent Secretary, Federal Ministry of Petroleum Resources, Mr Bitrus Nabasu, disclosed that the country currently has a gas reserve of over 200 trillion cubic feet, which the federal government has started harnessing through its gas commercialization policy.
The Permanent Secretary who was represented by the Director, Planning Research and Statistics in the Ministry, Mr Musa Talle Sa’eed, said the theme of the meeting, “The Gas Potentials of Nigeria: Optimizing the Gas Value Chain,” will task participants to formulate ideas to promote better utilization of the massive gas resources in the country.
Foreign News
Israel Sends Two Planes to Evacuate Fans after Amsterdam Violence
Israel has sent two planes to evacuate fans from Amsterdam after violent clashes between Israeli supporter and pro-Palestinian demonstrators on the fringes of Ajax versus Maccabi Tel Aviv Europa Cup match.
“The Prime Minister has directed that two rescue planes be sent immediately to assist our citizens,.
“The harsh pictures of the assault on our citizens in Amsterdam will not be overlooked’’ Israeli Prime Minister Benjamin Netanyahu’s office posted on X on Friday morning.
The Israeli leader’s office called the incident horrifying and demanded that the Dutch government and security forces take vigorous and swift action against the rioters, and ensure the safety of our citizens.
This clash was however unclear and yet to be unfolded.
The exact events remain unclear. The violent disturbances occurred around the Europa League football match between Dutch club Ajax Amsterdam and Maccabi Tel Aviv on Thursday evening. Ajax won 5-0.
There were clashes in several locations in the centre of the Dutch capital; though it was not specified which side started the violence.
Around 60 people were detained temporarily on Thursday evening, the police said.
Amsterdam TV station AT5 reported that demonstrators threw chairs at Maccabi fans.
The police’s mobile units reportedly shielded the Israelis and escorted them to their hotels.
There were also clashes in the afternoon between Israeli football fans and security forces in the city centre.
According to police, about a dozen people were arrested for disturbing public order and illegal possession of fireworks.
Even before the match, there were isolated altercations near the stadium in the south-east of the city, the police said.
More than 200 demonstrators attempted to reach the venue, according to the police.
Dutch Prime Minister Dick Schoof condemned these “unacceptable antisemitic attacks on Israelis’’ on X and said he had since spoken with Netanyahu.
Far-right Dutch leader Geert Wilders called it a pogrom.
“We have become the Gaza of Europe,’’ he said, adding that Muslims with Palestinian flags were hunting down Jews.
Israel’s UN ambassador also referred to the incident on X as a pogrom.
Steffen Seibert, Germany’s ambassador to Israel condemned the incident.
“Chasing and beating up Israeli soccer fans is not anti-war protest.
“It is criminal and intolerable and we must all stand against it. As a European I am ashamed to see such scenes in one of our great cities,’’ he wrote on X.
However the Reaction from the United States (U.S.).
In New York, Jonathan Greenblatt, the head of the Anti-Defamation League (ADL), described itself as the world’s largest anti-hate organisation.
He demanded that the Dutch government ensure the safety of Israeli fans, apprehend and prosecute the perpetrators and apologise for the violence.
“This is exactly what ‘globalise the intifada’ looks like,’’ Greenblatt wrote on X, saying there were mobs of hate-filled people who had attacked Israelis who came to Amsterdam to enjoy a football game.
Even New York Attorney General Letitia James chimed in on X, calling the attacks against Jews in Amsterdam “deeply disturbing and horrifying.’’
New York State, particularly metropolitan New York City, has a large Jewish population.
“We must do everything in our power to protect Jews in America and across the world.
“This anti-Semitism and violence must end now,’’ she wrote. (dpa/NAN)
NEWS
NAICOM Gives Insurers Dec.31 Deadline to Settle Outstanding Claims
The National Insurance Commission (NAICOM) has given insurance companies Dec.31 deadline to clear all outstanding claims.
The Head, Communication and Stakeholders Management Sub-committee of the Insurers Committee, Mrs Ebelechukwu Nwachukwu, made this known while addressing a news conference after a meeting of management in Lagos.
The meeting marked the first gathering of the Insurers Committee with Mr Segun Omosehin, as the Commissioner For Insurance.
Nwachukwu, also Managing Director, Rex Insurance Ltd., said the commissioner charged insurance companies CEOs at the meeting to ensure that no outstanding claims is captured at the close of their 2024 financial accounts.
The NAICOM boss, she said, tasked the insurance company’s executives to defend the insurance industry through payment of genuine claims, which is integral.
“The regulator said it would be checking in an intensive and focused manner, the outstanding claims in the insurer’s books.
“The commission said its focus is on the soundness of the insurance industry, measured by the ability of meet their obligations when due,”she said.
According to her, the commissioner also charged the insurance companies to take steps towards recapitalisation, by evaluating their financial position, as to the need to raise fresh capital.
She said the charge came by the regulator,having exposed a draft of the Risk Based Supervision (RBS) regulations to the operators, in the event that recapitalisation takes-off.
“If there will be need to raise capital, insurance companies need to start speaking with their different boards, shareholders about the possibility of recapitalisation happening, before it becomes a regulation,”she said.
Nwachukwu revealed that the commissioner further encouraged brokers to ensure strict compliance with the “no premium, no cover” regulation, having observed some violations to the regulation.
She said the commissioner also charged CEOs of insurance firms to get involved in addressing complaints.
Nwachukwu also stated that the regulator encouraged the insurance operators to submit the financial statements of their companies early enough, to create more confidence on the industry.
She mentioned that Omosehin charged the insurers to focus their attention significantly on Nigeria’s Data Protection regulations for the insurance industry.
The sub-committee chairman said NAICOM boss also wants insurance operators to pay specific attention to the implementation of the 10- year Insurance Strategic Plan.
She said this was important, having unanimously agreed to seven thrusts of commitment that would enable the industry meets its objective by year 2027.
Nwachukwu added that the commissioner charged the insurance operators to also pay attention to the legal and regulatory framework for the industry, under the Insurance Bill 2024.
“He spoke about focusing of compliance issues, under the Prudential Guidelines released by NAICOM to the insurers and put an end to Corporate Governance abuses, recognised within the industry.
“The commissioner discussed the National Credit Guarantee Scheme signed by President Bola Tinubu.
“If insurers invest in the scheme, we have the potential of sitting on the board of the facility, where a lot of decisions would be taken,”she said.
According to her, Omosehin also informed the insurance operators on the significant progress made on the Agency’s portal, noting that all resources are in place to continue the efficiency of the portal.
Nwachukwu said the present administration of NAICOM is very clear on the insurance industry and what it expects to see and has hinged its success on the collective Insurance Industry Reforms plans agreed upon as an industry.
She further said that the regulator insisted that insurers get the right approval from NAICOM before newly appointed Executive Director of insurance companies assumes their appointment.
The insurer stated that the committee also reconstituted its sub-committees in line with the pillars of its 10-year roadmap for the insurance industry.
Nwachukwu listed the reconstituted sub-committees of the Insurers Committee as, the Insurance Sector Stability committee,Communication and Stakeholders Management committee, Technology and Talent Management committee and Customer Service and Market Expansion committee.(NAN)
Foreign News
Several Israelis Injured, Missing after Violent Clashes in Amsterdam
Three Israelis are missing following clashes between Israeli football fans and pro-Palestinian demonstrators on the fringes of football club Maccabi Tel Aviv’s match in Amsterdam, according to Israeli authorities.
Ten people were injured in the violence, the Israeli Foreign Ministry said on Friday morning.
The degree of their injuries was initially unclear.
The ministry urged its citizens to use public transport to travel to the airport, after Israel had announced it was sending two planes to evacuate the fans.
Local security forces had been deployed, the ministry said.
The ministry had initially advised fans not to leave their hotels.
It also advised its citizens not to wear Jewish or Israeli symbols in public.
(dpa/NAN)