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Father in Trouble Sitting for Matriculation Exam for Son

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By David Torough, Abuja

Joint Admissions and Matriculation Board (JAMB) yesterday revealed that two suspects, a father and his son, were arrested for their alleged involvement in impersonation during the 2024 Unified Tertiary Matriculation Examination (UTME).

This was just as the board added that no fewer than 1.

94 million candidates sat for the 2024 examinations across the country.

The JAMB Registrar, Prof.

Ishaq Oloyede, made this known to newsmen shortly after monitoring the exam at the Kaduna State University CBT Centre, Kaduna.

Recall that JAMB had warned parents to stay far away from the exam centres during the exercise.

There was also a government directive that admission to tertiary institutions should not be given to candidates less than 18 years old.

The Minister of Education, Tahir Mamman decried the activities of parents who were pressuring their underage children to get admission into tertiary institutions.

The minister said that the 18-year benchmark is in line with the 6-3-3-4 system of education.

He said, “The minimum age of entry into the university is 18, but we have seen students who are 15, 16 years going in for the entrance examination.

“Parents should be encouraged not to push their wards too much. Mostly, it is the pressure of parents that is causing this.

“We are going to look at this development because the candidates are too young to understand what the whole university education is all about.”

The JAMB boss however refrained from disclosing the identities of the parent and child, as well as the location of the reported malpractice.

“For those who engage in cheating, they should know that it does not pay.

“The technology is helping us to check that.

“Across the country, most of the problems we have is impersonation. For instance, now, we say we have NIN, we now have cases of people with two NINs and therefore that has defeated the purpose of identity verification.

“We are going to take that up with NIMC that there are people who have two NINs.

“We have a case of a father impersonating his son, writing an examination for the son and I wonder, are you not destroying your son’s future?

“Of course, two of them are now in custody. I can’t understand what the father will now tell his son when they are both locked up in the same cell.

“This definitely happened not in Kaduna, but I don’t want to disclose the state.

“So, it is largely a case of impersonation, but we are ahead of them. We are just picking them up like chickens now because the facilities are there for us to see what they are doing and to pick them up,” he said.

Oloyede noted that at the end of the examination yesterday, there would be less than 100,000 candidates remaining in Lagos, Benue and other states in the country.

He added that JAMB’s improved technology made the exercise smoother and faster.

“Today, I have seen something which we need to improve on, but most importantly, we have done so many things in the background to make the exercise faster, more efficient and better. We have increased the level of automation.

“This year, 1.94 million candidates are taking UTME. By the end of today [yesterday], we would have less than 100,000 remaining.

“By the end of today, what will be remaining will be Lagos, Makurdi and a few other places in the country,” he added.

The JAMB Registrar also commended parents for their behaviour during the conduct of the 2024 UTME exercise, noting that there was no parent intrusion, unlike the previous year when some parents flocked to the various computer-based centres during the exams.

“There is no report this year of parents intruding, except in one state. In that state, they felt that since the first session failed, their children should not continue with the second or other sessions,” he added.

Oloyede informed those who have missed the exam, for reasons not caused by the examination body, to forget about it, saying that JAMB cannot spend tens of millions of the nation’s resources to reorganise a session for a few candidates who missed the exams due to their personal recklessness.

“Most of those candidates who missed the UTME are students from hostels who were made to register through schools because of the money the schools wanted to collect from the parents in the name of JAMB.

“They would now put 30 students on one bus. They will now be dropping them off in different locations. By the time they get to the last student’s centre, he is already late for the exam.

“You will now see the principal writing to me. What business do I have with a school?” he asked.

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Senate Investigates $18.5bn Abuja Centenary City Project

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By Eze Okechukwu, Abuja

Senate yesterday set up a seven-member ad-hoc committee to investigate the circumstances surrounding the lack of completion of the $18.5billion Abuja Centenary Economic City project, a decade after commencement.The Upper Chamber tasked the committee to review the original Public Private Partnership agreement and recommend amendments if necessary to facilitate the smooth and expeditious completion of the project.

The Senate also urged the Federal Government to prioritise the revival of the Centenary City project by providing appropriate support, resolving regulatory issues and addressing any other impediments, given its beneficial potential to the economy and people of Nigeria after 10 years of stalled progress.
The resolutions of the senate followed its consideration of a motion titled: “Urgent need to revive and complete the stalled Centenary City Project, to realise its economic and development potential” during plenary yesterday.The motion was sponsored by the Deputy Senate Leader, Senator Ashiru Yisa (APC – Kwara South).Senator Yisa in his lead debate urged colleagues to note that the Abuja Centenary Economic City project commenced in 2014 through a public private partnership to develop a modern city in the mood of Dubai, to commemorate 100 years of Nigeria’s amalgamation celebration.The Abuja Centenary Economic City Project was to be built according to the model and standard of global smart cities like Dubai, Monaco and Singapore.President Goodluck Jonathan laid foundation for the project on February 27, 2014 with a funfare.After Jonathan was defeated in the 2015 general elections, the succeeding Muhammadu Buhari administration put a halt to the project.The project driven by private investors was launched to mark the 100th anniversary of Nigeria costing $18b with 10–15 years completion period.

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CBN Gives POS Operators July 7 Deadline to Register with CAC

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By Tony Obiechina, Abuja

The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC).This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja on Tuesday.

Speaking at the event, the CAC boss said the two-month timeline to register their agents, merchants, and individuals with the commission, was “in line with legal requirements and the directives of the Central Bank of Nigeria”.
“The measure aims at safeguarding the businesses of Fintech’s customers and strengthening the economy,” a statement titled ‘CAC, PoS Operators Agree to Two-Month Deadline to Register Their Agents and Merchants to Strengthen the Fintech Industry”, the CAC added.
He stressed that the action was equally backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN guidelines on agent banking.Magaji explained that the timeline for the registration which will expire on July 7, 2024, was not targeted at any groups or individuals but aimed at protecting businesses.Several speakers from the Fintech industry pledged to collaborate with the commission to ensure hitch-free implementation of the directive.Some of them, however, stressed the need for adequate and collective sensitisation, to ensure that the exercise achieved the desired results.The Special Adviser to the President on ICT Development and Innovation, Tokoni Peter, in his remarks, pledged to ensure smooth facilitation of the process in line with the Renewed Hope Initiative of the present administrationThe representatives of Opay, Momba, Palmpay Ltd, Pay Stack, Fair Money MFB, Monie Point, and Teasy Pay present at the event, later signed up for a document to support the project.

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CBN Exempts Salaries, Loans, Pensions, Donations from Cyber Security Levy

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic transactions.CBN had directed banks to begin charging 0.5% cybersecurity levy on transactions as part of efforts to contain the rising cybercrime threats in the financial system.

According to the Apex Bank, deducted funds will be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA).
A circular released by the CBN on Monday directed all commercial, merchant, non-interest and payment service banks to comply with the directive.The circular revealed that it was a follow-up on an earlier letter dated June 25, 2018 (Ref: BPS/DIR/GEN/CIR/05/008) and October 5, 2018 (Ref: BSD/DIR/GEN/LAB/11/023), in compliance with the Cybercrimes (Prohibition, Prevention, Etc.
) Act 2015.Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and under the provision of Section 44 (2)(a) of the Act, a levy of 0.5 per cent (0.005) equivalent to half per cent of all electronic transactions value by the business specified in the Second Schedule of the Act is to be remitted to the National Cybersecurity Fund, which the Office of the National Security Adviser shall administer.The exemptions included loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, intra-bank transfers between customers of the same bank, and Other Financial Institutions (OFIs) instructions to their correspondent banks.The exemption also applies to interbank placements, banks’ transfers to CBN and vice versa, inter-branch transfers within a bank, cheque clearing and settlements, and Letters of Credit (LCs).Others include banks’ recapitalisation-related funding only bulk funds movement from collection accounts; savings and deposits including transactions involving long-term investments such as treasury bills, bonds; and commercial papers; government social welfare programmes transactions, e.g. pension payments; non-profit and charitable transactions including donations to registered non-profit organisations or charities; educational institutions transactions, including tuition payments and other transaction involving schools, universities, or other educational institutions.Transactions involving the bank’s internal accounts, such as suspense accounts, clearing accounts, profit and loss accounts, inter-branch accounts, reserve accounts, nostro and vostro accounts, and escrow accounts, are also exempt from the levy.The central bank warned that Section 44 (8) of the Act prescribes that failure to remit the levy constitutes an offence punishable on conviction by a fine of not less than two percent of the defaulting business’s annual turnover, among other things.

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