NEWS
Hotelier Says Kidnappings, COVID-19 Crippling Business in Nigeria
A hotelier, Mr Abiodun Isinkaiye, has lamented that kidnapping and COVID-19 pandemic are crippling hospitality business in the country, particularly in EkitiIsinkaiye said the hospitality business, which had been battling with the persistent issue of epileptic power supply in Nigeria, was worsened by the increasing cases of abduction and the outbreak of COVID- 19 pandemic.
The Proprietor of the Prosperous Royal Hotels and Resort said this on Monday, in Ado-Ekiti at a public lecture. The programme was part of the activities of the 2021 Annual Public Lecture and Awards Presentation organised by Nigeria Union of Journalists (NUJ) Correspondents’ Chapel, Ekiti Council.He appealed to the Federal Government led by President Muhammadu Buhari and the state governors to work hard to curb the abduction of Nigerians by unknown gunmen.He added that recent trend in kidnapping had reduced the profit margin of every sector of the economy, with hospitality sector being the worst hit.“Management of hotels business has always been a problem in Nigeria in view of epileptic electricity supply we have been facing for long.“We rely on diesel powered generators as a source of power, which reduces our profit margin because power supply has to run for 24 hours to give our customers comfort.“As we are still trying to cope with that, the COVID- 19 and kidnapping surfaced. The two have really negatively affected hospitality business in Nigeria, in fact, we can’t quantify the hardship that we are facing in the sector,” Isinkaiye said.He further said since the two phenomenon started, business environment had changed; adding that the number of visitors to their facilities reduced with the fear that they could be kidnapped or come in contract with the deadly virus.“When those who are visiting the state from the government or corporate bodies are to be in large numbers, such are now cut down significantly; because of these recent challenges and these are the people whose patronage we strongly rely on mostly.“It has not been easy with us operating this business in recent time. We are no more getting visitors and the few ones we get must be safe and secured, meaning we have to also invest more in providing security so that our visitors will not be kidnapped,” he added.The hotelier also said they had to comply with government’s directives on the enforcement of COVID- 19 protocols in all their facilities by investing more in buying sanitisers and other necessities spending huge amount of money.Isinkaiye, however, described the hospitality as a “reliable employment -generating sector in the country,” calling on government at all levels to give hoteliers the necessary assistance for their survival in the business. (NAN)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)