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CBN Names New Executives for Union, Keystone, Polaris Banks




By Tony Obiechina, Abuja

Following the dissolution of the Board and Management of Union Bank, Keystone  Bank and Polaris Bank on Wednesday night, the Central Bank of Nigeria (CBN) has appointed new executives to oversee the affairs of the banks.

This was announced in a statement by the Acting Director of Corporate Communications, Mrs Hakama Sidi Ali in a statement in the early hours of Thursday.

The new appointees are: Yetunde Oni – Managing Director/Chief Executive Officer Union Bank; Mannir Ubali Ringim – Executive Director Keystone Bank; Hassan Imam – Managing Director/Chief Executive Officer;  Chioma Mang – Executive Director (Polaris Bank); Lawal Mudathir Omokayode Akintola – Managing Director/Chief Executive Officer; Chris Onyeka Ofikulu – Executive Director.

According to the statement, the appointments take immediate effect.

Road Traffic Crashes Claim 404 Lives in Two Years – FRSC

Niger Command of the Federal Road Safety Corps (FRSC), on Thursday, said that road traffic crashes (RTC) claimed 404 lives in the state between 2022 and 2023.

The State Sector Commander, Kumar Tsukwam, disclosed this in an interview with the News Agency of Nigeria (NAN) in Minna.

Tsukwam said: In 2022 RTC claimed 303 lives in Niger state but the fatality reduced to 101 in 2023 due to our increase in the enforcement of traffic rules and regulations.

“Last year, we did a lot of enforcement and special patrol in order to reduce RTC in the state.

“Sometimes, we worked at night to ensure that road users obeyed traffic rules,” Tsukwam said.

He also said that 524 traffic crashes occurred in the state in 2022.

He said that the corps reduced the rate to 396 in 2023 through enforcement and engagement of road users in sensitisation.

He said that during the period under review, 1,769 persons sustained injuries in 2022, while in 2023, the corps recorded 1,201 injuries from road crashes.

The state FRSC boss further disclosed that 3,586 persons were involved in RTC in 2022, while 3053 persons were affected in 2023.

He said that 676 vehicles were involved in RTC in 2022 and 556 vehicles in 2023.

According to him, 17,465 road traffic offenders were apprehended and treated according to the traffic law during the period.

He promised that the corps would  increase its operational apparatuses to further reduce RTC in the state.

“We have discussed with the Federal Highway Controller of Works in the state to see how we can put up road furnitures to warn motorists ahead of some dangerous spots across the state.

“Also, we are going to work with the Federal Road Maintenance Agency because they have agreed to partner with us,” Tsukwam said.

“There would be Mobile Courts working with the corps this year to try traffic offenders on the spot,” he said.

He also said that the corps already  had plans to embark on inter-command patrol with other FRSC commands across the state.

“We have designed a strategy to ensure that articulated vehicles carry only goods and not passengers,” he said.

He said that the corps would increase its weekly media programmes and early morning visits to motor parks to sensitise road users on road safety.

He advised road users, especially motorists, against violating traffic rules and regulations and travelling at night in order to reduce RTC. (NAN)


1 Dead, 15 Rescued as Lagos Boat Hits Submerged Shoreline Concrete




The Lagos State Waterways Authority (LASWA) has confirmed that one person died  on Wednesday when a passenger ferry  collided with a submerged shoreline concrete.

Mrs Wuraola Alake of the Public Affairs Unit of LASWA, made the disclosure  in a statement on Wednesday in Lagos.

Alake said that the accident occurred around Power Line Corridor on the Lekki- Ikoyi Link Bridge.

She said that the mishap took place at 6.

50 p.m. when an Ibeshe-bound passenger ferry named T-Ben, which departed Addax Jetty,  had a collusion with the submerged shoreline concrete.

“Fifteen out of the 17 passengers said to be on board this boat have been rescued, with one casualty confirmed.

“Rescue effort is ongoing as at the time of issuing this statement.

“Officers from the Search and Rescue Unit of the Lagos State Waterways Authority and other volunteers are still at the location carrying out further rescue operations,” she said.

She said that officers from the Marine Unit of the Nigeria Police Force and  Lagos State Emergency Management Agency  were at  LASWA office to hand over the recovered female corpse to Lagos State Environmental Health Monitoring Unit.(NAN)

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Gowon Urges ECOWAS Leaders to Lift Sanctions on Mali, B’Faso, Others




Former Nigerian Head of State, Gen. Yakubu Gowon, has called on ECOWAS Authority of Heads of State and Government, to lift sanctions on Mali, Burkina Faso and Niger Republic.

Gowon, who is one of the founding fathers of ECOWAS, made the call in an open letter to the Heads of State and the ECOWAS member states in Abuja on Wednesday evening.

The three countries, which were slammed with sanctions by the sub-regional politico-economic bloc following military takeovers in their respective countries, recently declared their decision to withdraw from the bloc.

Addressing a press conference at the ECOWAS Commission’s headquarters, Gowon, expressed concern that the decision by Burkina Faso, Mali and Niger Republic to exit ECOWAS threatened the unity of the bloc with far-reaching implications for ordinary citizens.

He said: “It saddens me to learn that ECOWAS is threatened with disunity following the announcement by Burkina Faso, Mali and Niger – three important Member States, of their intention to leave the Community.

“The impact of such a decision will have far-reaching implications for the ordinary citizens who have been the major beneficiaries of regional integration.

“The ECOWAS authorities should immediately consider the implementation of the lifting of all sanctions that have been imposed on Burkina Faso, Guinea, Mali and Niger.”

Gen. Gowon also urged the West African leaders, including leaders of the three exiting countries, to re-unite for peace and stability in the region.

“Therefore, on behalf of all the founding fathers of the Community and myself, I urge the ECOWAS Authority of Heads of State and Government, including the leaders of Burkina Faso, Mali and Niger, to put aside their differences and reunite for the peace, stability and prosperity of our sub-region,” he added.

Reports says that the former Nigerian leader also presented the open letter to the President of the ECOWAS Commission, Dr Omar Touray. (NAN)

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Senate to Investigate Cement Coys on Hike in Price




The Senate has resolved to investigate the sudden hike in the price of cement by its producers in Nigeria.
The followed the adoption of a point of order by the Deputy Senate Leader, Sen. Lola Ashiru on the “Need to Urgently Address the Increase in Cement Price and other Building Materials in Nigeria,” at plenary on Wednesday.

Presenting the order, Ashiru urged the Senate to mandate its Committee on Industries to conduct an investigation into the activities of cement manufacturing industries operating in Nigeria.

This, he said was with a view to ascertain the reasons behind the price hike.

He also urged the Senate to mandate the Committee on Industries to ensure that cement manufacturing companies adhered strictly to fair market practice and desist from anti-competitive practice.

Ashiru said that the construction industry was vital to infrastructure development adding that the building industry heavily depended on cement and other building materials for its sustenance.

He said that the trend of a daily increase in the price of the product had hampered progress in various developmental endeavours across the country.

”This is because key building materials particularly cement and iron rod prices are now sold at prohibitive rates with cement and iron rod recently rising from N5, 500 per bag in Jan. 2024 to about N14, 000 and N8,500 to N17, 000 respectively,” he said.

He also said that the sudden price increase has had a detrimental impact on critical infrastructure, and housing in the country.
Ashiru said that the raw materials for cement were being sourced 100 per cent locally and not imported making the sudden surge in price suspicious and perplexing.

“Cognisant that affordable cement and other building materials are indispensable to national development, addressing the issue in time will be advantageous to the construction industry.

“This is because it will ensure the progress of constituency projects and strengthen national security by providing jobs and stability and improve the livelihood of Nigerians generally,” he said. (NAN)

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