COVER
Tinubu Appoints Five Directors for CBN Board
By Tony Obiechina, Abuja
President Bola Tinubu yesterday urged the Senate to screen and confirm the nomination of five nominees for appointment as directors of the Central Bank of Nigeria (CBN) board.
This was conveyed in a letter to the President of the Senate, Godswill Akpiabio, and read at plenary on Tuesday.
The letter read: “In compliance with the provisions of Section 6, subsection 1b and section 10 subsection 1 and 2 of the Central Bank of Nigeria Establishment Act, 2007.
“I am pleased to present for confirmation by the Senate, the appointment of the under-listed five persons as Directors of the Board of Central Bank of Nigeria (CBN).
“Robert Agbide, Ado Wanga, Muritala Sagaley, Urom Eke and Olayinka Aliyu.
“While hoping that the request will receive the expeditious consideration of the Senate, please accept the distinguished Senate President, the assurance of my highest regards.”
Similarly, Tinubu in a separate letter sought the confirmation of the Senate for the appointment of Mr Hamidu Rahim as Commissioner for the National Population Commission (NPC) representing Osun State.
Tinubu said the request followed provisions of Section 154 sub section 1 of the 1999 Constitution (As Amended).
President of the Senate, Godswill Akpiabio referred the request to the Senate Committee on National Population and National Identity for further legislative work and to report back to plenary in one week.
COVER
Suspected Herdsmen Attack Benue Community, Kill 15
From Attah Ede, Makurdi
Gunmen suspected to be Fulani armed militia, on Wednesday night, reportedly invaded Anyiin town in the Logo Local Government Area of Benue State.
Multiple reports indicated that no fewer than 15 persons were killed in the attack, leaving several others with varying degrees of injuries while yet to be ascertained number were missing.
The attack, which was said to have been launched at about 6:30pm by the well-armed Fulani herders, caught the community unawares as the invaders reportedly emerged from different locations shooting at everyone in sight.
The attackers, who were said to be numbering about 200, were reported to be wielding AK-47 rifles and other sophisticated weapons, operated for about three hours.
An eyewitness and community leader in Anyiin town, Chief Joseph Anawah, said the armed herders overwhelmed security operatives stationed in the town because of their large numbers.
He said it was a coordinated operation, stating that the alleged Fulani terrorists took residents of the town unawares, surrounded the town and shot sporadically.
Anawah said some of the villagers who ran for their dear lives were caught in an ambush laid by the invaders.
He listed some of the victims to include: Mr Orihundu Ati, a retired primary school supervisor and the son of a kindred head.
Also killed was a son to a Chief of Staff to a former Logo council chairman, Tordoo Suswam and a relation of a late District head of Ukemberagya, Zaki John Chembe.
Anawah listed Ukemberagya, Tswarev, Mbawar, Gov, Mbainange, and Tombo among neighbouring communities earlier displaced by the invaders and whose residents were taking refuge in Anyiin before the latest attack.
The community leaders appealed to the federal government and the Benue state government to revive an abandoned Mobile Police barracks project along Akwana-Anyiin-Wukari road to secure the lives and property in the communities.
They lamented that farmers in the affected communities could not harvest their crops because they were being killed and abducted on their farms by the armed invaders.
According to them, communities along the Benue-Taraba border are the worst hit by the marauders’ incessant attacks.”This is the second attack in one month by the Fulani terrorists. On Oct. 9, they attacked Ayilamo town, the headquarters of Tombo Council Ward and killed scores of people. As I speak, people are deserting Anyiin town for fear of the unknown”, Chief Anawah said.
COVER
Nigerians Among Most Malnourished in Sub-Saharan Africa – Abbas
By Ubong Ukpong, Abuja
Speaker of the House of Representatives, Tajudeen Abbas yesterday described growing malnutrition and food insecurity as great threat to Nigeria’s economic stability and public health.
Inaugurating the Local Organizing Committee for the National Assembly summit on nutrition and food security in Abuja, the Speaker reiterated the urgent need for legislative action to restore the country’s productivity and public health.
Abbas who was represented by Deputy Speaker, Benjamin Okezie Kalu noted that Nigeria’s rate of malnutrition is among the highest in sub-Saharan Africa.
He noted that malnutrition, especially among children, stunts physical and cognitive development, impacting long-term educational and economic potential and contributing to broader societal challenges.
The Speaker assured the lawmakers’ full support for the committee’s initiatives, urging collaboration with State Houses of Assembly to create a unified approach to combating food insecurity.
He said, “The need for this National Summit on Nutrition and Food Security has never been more urgent.
“This organizing committee’s mission is to foster collaboration across ministries, engage both public and private sectors, and create a platform for lawmakers, experts, and community leaders to address the root causes of food security challenges.”
The chairman of the committee, Chike Okafor said there is malnutrition across Nigeria, particularly in the north spiking by 51 percent among children.
He described the situation as a humanitarian crisis exacerbated by recent floods in Adamawa, Maiduguri, and Jigawa, which have disrupted food supplies nationwide.
According to him, the summit will help to in the formulation of policies to tackle food insecurity.
COVER
NAICOM Appoints African Alliance Insurance Interim Team
By Tony Obiechina, Abuja
In exercise of its regulatory powers, the National Insurance Commission (NAICOM) has sacked the Board and Management of African Alliance Insurance Plc, one of Nigeria’s oldest life assurance companies.
NAICOM Management said in a statement yesterday that its decision followed years of insolvency and failure of the insurance firm to meet the obligations of annuitants and policyholders.
According to the statement, “The commission, as the primary regulator of the Insurance Sector, announced that it has taken over the Board and Management of African Alliance Insurance Plc, effective today, 30th October 2024.
“This decision follows an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants under the company.
”The commission appointed an Interim Management Board to manage the affairs of African Alliance Insurance Plc. Members of the new Board include: Dr. Haruna Mustapha – Chairman, Jacob Erhabor – MD/CEO, Wasiu Amao – Executive Director Technical, Ms. Oremeyi Longe – Executive Director Finance, Anthony Achebe – Non-Executive and Haj. Halimatu Khabeeb – Non-Executive Director.
“The Interim Management Board will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms,” the statement added.
It explained that commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimize disruption and ensure continuity.
“The objective of this takeover is to protect the interests of African Alliance Insurance Plc’s annuitants, policyholders, other stakeholders, and the broader insurance industry, while ensuring the company’s return to stability and compliance.
“The Commission is committed to maintaining the stability and integrity of Nigerian insurance industry. Our actions today demonstrate our resolve to address concerns and protect the annuitants, policyholders and public interest,” it noted.