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Islamic Charity NASFAT to Distribute N15m to 254 Widows Nationwide –President

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The National President of Nasrul-lahi-li Fathi Society of Nigeria (NASFAT), a faith-based organisation, Mr Niyi Yusuf, has said that the society would disburse N15 million to 254 widows nationwide in its determination to alleviate their conditions.

He stated this at the swearing-in of the Zonal Leadership of NASFAT, Kaduna Zone, and fund raising for the completion of the NASFAT Islamic Complex, ‘Aseese’ situated along the Lagos-Sagamu expressway.

”In November, we will be distributing N15 million Naira to about 254 Widows nationwide as a way to alleviate the conditions of the widows”, he said.

According to him, the society, which evolved in the last 26 years to become an Islamic Charity organization, focuses on Health, Education, livelihood and Dawaah (evangelism), underscoring the importance the society attached to the welfare of the people.

The President noted that the gesture would help create a better society where human capital is improved, poverty is reduced, and people were imbued with the fear of Allah.

“Today, we have several hospitals, Primary Health Care centres and providing education facilities. We have over 25 primary schools, six secondary schools, and the Fountain University in Osogbo.

We also focus on providing a means of livelihood for our members, be it formal employment or through self-employment, Yusuf said, adding, “We conduct empowerment training programmes and give monetary gifts to people.”

Speaking on the multi-million Naira NASFAT Islamic Complex project on the Sagamu-Lagos expressway, Yusuf explained that it would provide a convenient and befitting venue for 26 million Muslims or 52 million Nigerians who ply the road to worship, access medical facilities, a library and ICT centre, as well as a sanctuary for relaxation.

“The NASFAT Islamic Centre, when we conceived it, we realized that the Lagos-Sagamu Expressway was the busiest highway every year.

“Statistics indicate that over a 52million persons ply that road every year, as we assumed that half of those that ply that road are Muslims. We have 26 million persons that ply that road.

“It is an access road to anything and everything that is coming from the south and going to the North, and it is available to 52 million passengers on an annual basis”, he said.

Speaking on the topic, ‘The role of leadership in humanity: An Islamic perspective’, the guest speaker at the occasion, the Minister of Communication and Digital Economy, Dr Isa Pantami, said Leadership was significant to human society, saying no society achieved its set goals without good Leadership.

The Minister, who was represented by, Mallam Suleiman Muhammed, an Islamic scholar, noted that for Leadership to be good, some attributes and success factors were desired.

“A leader must have strong faith, a strong belief, a strong Iman in the existence of Allah (SWT), and strong faith in Islam, and from an Islamic perspective, this is very key. Without it, a leader cannot drive the community to lead it to the desired goal.

”A leader must be knowledgeable and he must be full of wisdom. He must always be in search of knowledge throughout his Leadership, because everything is based on knowledge.

“Without understanding, he won’t know the society or group he is leading, he won’t know what to do and at what time,” he said.

Pantami said that such a leader must possess excellent communication skills to communicate information to the people he is leading and be able to get feedback from them.

Also, NASFAT Women Affairs Secretary, Mrs Suwebat Kupolati, cited the role of women in Islam as vast, and the part of women in NASFAT as excellent.

Kupolati said: “when women are empowered, developed, they bring up their children very well, and when they bring up their children well, they turn out well.

” We know most of the problems we have from the youth are because parents cannot take care of their children”

“So, it is important we develop, empower, educate them to increase their livelihood so that they can handle their responsibilities”( NAN)

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NEWS

Tinubu Mourns Ex-Minister, Ogbonnaya Onu

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President Bola Tinubu has extended his deepest condolences to the Onu family over the passing of Chief Ogbonnaya Onu, a former Minister of Science and Technology in the Buhari administration.

Chief Onu passed away on Thursday at the age of 72.

“The President mourns a luminous star in Nigeria’s political firmament.

The first civilian governor of Abia State; former minister of Science, Technology and Innovation, a principal draughtsman in the founding of the All Progressives Congress (APC), and a valiant partner in the victory of the party in the 2015 elections.
 

“Most importantly, the President celebrates the life of an accomplished scholar, first-class engineer; a man of proven integrity; defiant to indiscipline, but ever yielding to the highest standards of rectitude,” a statement by Chief Ajuri Ngelale, Presidential spokesman quoted the President to have said.

The statement said Tinubu affirmed that the late Onu epitomized Nigeria in concord; in wholeness, as the late statesman believed in and defended Nigeria’s unity, advocated peace, and promoted fellowship across the Niger.

The President also condoled with the friends and associates of Chief Onu, Ebonyi and Abia State Governments, and all Nigerians grieving this gaping loss.

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Business News

Geregu Power Earns N50.4bn From Electricity Sales, Capacity Charges 

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By Tony Obiechina, Abuja 

Geregu Power Plc has generated N50.4bn on electricity sales and capacity charges to Nigerians in the first quarter of 2024.

The power company which is the first listed power company of the Nigerian Exchange Ltd disclosed the performance in its Q1, 2024 financial statement.

The company grew its Q1 revenue by 225 per cent from N14.

2bn in 2023 to N50.
4bn in 2023.

A breakdown reveals that Geregu Power sold energy worth N31bn and received N19bn as revenue from capacity charge.

Recall that the power company posted an annual revenue of N82.9bn in the full year of 2023 but it has covered half of the amount in Q1.

The revenue was above the company’s forecast for Q1 2024 when it projected its revenue to rise to N31.24bn.

Geregu Power recorded a profit before tax of N21.9bn up from the N5.3bn recorded in Q1 of last year, reflecting 307.8 per cent growth.

During the period underreview, the company saw its profit after tax rose by 307.3 per cent to N14.46bn from N3.54bn recorded in Q1 of last year. In the full year 2023, the company made N16.1bn net profit.

The net profit was above the company projection of N5.5bn. 

Geregu Power took an income tax charge of N7.43bn, up from the N1.8bn in Q1 2023. The tax charges were higher than the N2.7bn projected for Q1 2024.

The company also spent N21.5bn on the cost of sales involving gas supply and transportation, up from the N6.6bn spent on gas supply and transportation in Q1 2023.

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Foreign News

U.S. not Expecting to be Drawn into War but Predicts Attack by Iran Against Israel

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The United States expects an attack by Iran against Israel but one that would not be big enough to draw Washington into war, a U.S. official said late on Thursday.

The White House said earlier that Washington did not want conflict to spread in the Middle East and the U.S. had told Iran it was not involved in an air strike against a top Iranian military commander in Damascus.

The White House added it warned Iran to not use that attack as a pretext to escalate further in the region.

Suspected Israeli warplanes bombed Iran’s embassy in Damascus on Monday in a strike for which Iran has vowed revenge and in which a top Iranian general and six other Iranian military officers were killed, ratcheting up tension in a region already strained by the Gaza war.

Iranian sources told Reuters that Tehran has signalled to Washington that it will respond to Israel’s attack on its Syrian embassy in a way that aims to avoid major escalation and it will not act hastily, as Tehran presses demands including a Gaza truce.

The United States has been on high alert about possible retaliatory strikes from Iran and U.S. envoys have been working to lower tensions.

Palestinian Islamist group Hamas attacked Israel on Oct. 7, killing 1,200, according to Israeli tallies.

Israel’s military assault on Hamas-governed Gaza has since killed more than 33,000 people according to the local health ministry, displaced nearly all of Gaza’s 2.3 million population, caused a humanitarian crisis, and led to genocide allegations that Israel denies.

Iran-backed groups have declared support for Palestinians, waging attacks from Lebanon, Yemen, and Iraq.

Tehran has avoided direct confrontation with Israel or the United States, while declaring support for its allies. (Reuters/NAN)

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