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NDIC, NJI Partner on Judiciary Deposit Insurance Training

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The Nigeria Deposit Insurance Corporation (NDIC) says building strong depositors’ confidence in banks and other financial institutions will ensure continuous safety and soundness in the financial system.

Mr Bello Hassan, Managing Director, NDIC, said this while delivering his welcome address during the 2024 Sensitisation Seminar for Justices of the Court of Appeal in Lagos.

The one-day workshop, organised by NDIC in collaboration with the National Judicial Institute (NJI) had the theme: “Building Strong Depositor Confidence in Banks and Other Financial Institutions through Adjudication of Disputes”.

Hassan said that the programme was to help the judiciary understand deposit insurance principles toward ensuring a safe and sound financial system in the nation to boost investors’ confidence.

He said that the banks were regulated and supervised to guarantee the safety of depositors’ funds, adding that, apart from surveillance, depositors were further protected with a deposit guarantee scheme.

He listed the mandates of the NDIC and its policy objectives towards enhancing confidence in the financial system to contribute to financial system stability.

Hassan expressed hope that the seminar would further ease the speedy dispensation of justice, adding that, the effectiveness of the Deposit Insurance System (DIS) required a deep understanding of the corporation’s unique roles.

He thanked the President, and all the Justices of the Court of Appeal for attending the event to demonstrate their willingness towards providing safe and sound banking in the nation.

He said the annual workshop was yielding desired results while listing success stories to include progress in the liquidation of banks and a better understanding of the roles of corporations.

He said the seminar was a platform for senior members of the bar to brainstorm on the salient provisions of the Failed Banks Act 1994 as a major tool for recovery of debts owed failed banks.

He added that NDIC’s commitment towards boosting depositors’ confidence was shown through the upward review of the maximum deposit insurance coverage levels, as approved by the Corporation’s Interim Management Committee (IMC), in April 2024.

“The deposit insurance coverage has been raised from N500,000 to N5 million for DMBs and Subscribers of Mobile Money Operators (MMOs).

“Accordingly, the coverage for Payment Service Banks (PSBs) and Primary Mortgage Banks (PMBs) has been reviewed from N500,000 to N2 million while that of Microfinance Banks (MFBs), has been increased from N200,000 to N2 million,” he said.

He appealed for continuous support of the judiciary while urging the appellate court to consider having Practice Direction for the Court of Appeal on failed banks matters.

“This we believe, will provide for quick and effective dispensation of
appeal matters relating to recovery of debts owed failed banks, as well as, prosecution of parties at fault that might have contributed to the failure of their banks,” he said.

President, Court of Appeal, Justice Monica Dongbab-Mensem represented by Presiding Justice, Court of Appeal, Lagos, Justice Jimi Bada while declaring the seminar opened urged participants to use the lessons to better the Nigerian system.

“The seminar is important to the judiciary and our society at large because in a society like ours, there must be confidence in commercial matters.

“And if we narrow that down to banks, when banks are sick or failing, it is a problem and when there is a problem, everybody runs to the judiciary.

“And the judiciary will have to set things right and draw a straight line so that in future, a problem that caused the sickness will not reoccur again.

“The judiciary in this case is like a medical doctor who will treat whatever is the problem,” she said.

She added that the synergy was to ensure investors’ confidence in the nation’s banking system and commercial matters, adding that, the judiciary had an arm for fast-tracking of commercial matters, important to Nigeria.

“We treat them with dispatch in the judiciary,” Dongbab-Mensem said.

Earlier, while delivering his speech, Justice Salisu Abdullahi, Administrator, National Judicial Institute said “economy is about everything in the nation” hence, the commitment to speedy dispensation of justice in commercial matters.

Abdullahi who was represented by the Secretary, National Judicial Institute, Olumo Abdulazeez said that the judiciary and NDIC were indispensable partners in tackling issues towards building depositors’ confidence.

He expressed hope that the seminar will enlighten participants while assuring timely adjudication of commercial matters with “dispatch” while commending NDIC for sustaining the annual seminar. (NAN)

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Nigeria Customs Service Foils Smuggling Attempts, intercepted PMS worth over 95 million in Adamawa.

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From Yagana Ali Yola 

The Nigeria Customs Service, Zone D, Adamawa State, has made significant seizures of petroleum products and arrested suspects in various smuggling operations. 

The seizures include 2,276 jerricans of Premium Motor Spirit (PMS) and 19 jerricans of Automotive Gas Oil (AGO), with a total Duty Paid Value (DPV) of ₦95,695,000.

The controller general of custom Bashir Adewale Adeniyi , who was represented by the commander operations whirlwind 

HK Ejibunu said the smuggling operations were intercepted at various notorious smuggling flashpoints, including Malabu-Belel Axis, Girei-Wuro Bokki Axis, Gurin-Fufore Axis, Jamtari Axis, Maiha Axis, Jimeta Waterside, and Mubi-Sahuda Axis.

 

The petroleum products were carefully concealed and being prepared for illegal export or distribution to neighboring countries.

Earlier in his welcome address the controller Nigeria custom Adamawa/ Taraba command HB Bashir call on good people of Adamawa state to cooperate with the command in other to bring to an  end  the activity of the Economics saboteurs who snuggled PMS to the neighboring country of Cameron  at detriment of Nigerian.

However, the Nigeria Customs Service reported a disturbing incident of a violent mob attack on its operatives while on duty. The officers were ambushed by violent mobs and smugglers who barricaded access roads and assaulted the officers. One of the attackers was fatally injured during the chaos.

The smuggling of PMS not only results in revenue loss for the country but also puts additional pressure on the already strained fuel supply chain. The Nigeria Customs Service is committed to curbing such illicit activities that threaten national security.

The Service is working with relevant security agencies to identify and bring all perpetrators to justice. The public is urged to support law enforcement activities by providing timely intelligence and standing against such wicked acts and criminalities.

The Nigeria Customs Service remains committed to its mission of protecting the nation’s borders and preventing economic sabotage. The Service condemns the violent attack on its operatives and reiterates its zero-tolerance stance toward violence and obstruction of official duty.

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Group Empowers Women in 12 Akwanga Communities with Poultry Items.

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From Abel Zwanke, Lafia 

As part of its ongoing efforts to promote grassroots entrepreneurship and self-reliance, the Community Initiative for Character Moulding and Entrepreneurship Development (CiCMED), under its Future Planter Happy World Project, has empowered women in 12 communities across Akwanga Local Government Area of Nasarawa State with poultry starter kits.

The one-day community engagement, themed “Building Self-sufficiency and a Brighter Future for Nigerian Mothers and Children (Happy World),” was designed to equip rural women with the resources needed to establish and sustain small-scale poultry farming ventures.

Beneficiaries received 240 Nuellas (pullet chicks), poultry drinkers and feeders, and bags of chicken feed to aid their startups.

Speaking during the one Day distribution exercise on Wednesday, the programme coordinator, Mr. Kefas Tigga, said the empowerment was a deliberate effort to build economic resilience among women, particularly in underserved communities.

“This project is a response to the need for sustainable empowerment. We believe that by equipping women with these poultry items, they can generate income, support their families, and contribute meaningfully to local food production,” Tigga stated.

He acknowledged the vital support of Rt. Hon. Musa Ahmed Mohammed, the Nasarawa State Accountant General, who also holds the traditional title of Baraden Nasarawa, for his unwavering commitment to community development.

“We’re grateful to Rt. Hon. Musa Ahmed Mohammed, the Nasarawa State Accountant General, for his continued support for initiatives that promote economic growth and social impact at the grassroots,” he added.

One of the beneficiaries, Mrs. Amina Adamu, expressed her gratitude, describing the project as a life-changing intervention.

“This is the kind of support we need. With these birds and feeds, I can start something immediately. I’m very grateful,” she said.

CiCMED reaffirmed its dedication to closely monitoring the beneficiaries’ progress and pledged to extend the Future Planter Happy World Project to more communities across the state.

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Hepatitis: FCTA  Screens  Food Handlers

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By Laide Akinboade, Abuja

In order to safeguard public health and food security in the Federal Capital Territory (FCT), the FCT Administration (FCTA) will soon commence a comprehensive hepatitis screening of food handlers, especially those working in restaurants, markets, bakeries, canteens.

The initiative is aimed at preventing hepatitis and other foodborne diseases, thereby protecting public health and empowering food businesses to operate with enhanced confidence and credibility.

This was contained in the FCT Minister, Nyesom Wike’s goodwill message, marking the World Hepatitis Day 2025.

The goodwill message delivered on behalf of the Minister by the Mandate Secretary, Health Services and Environment Secretariat, Dr Adedolapo Fasawe, reads in part, “Hepatitis A and E, primarily transmitted through contaminated food and water, can rapidly spread through poor hygiene practices, posing serious risks in our rapidly expanding and cosmopolitan city of Abuja.

 

“Furthermore, Hepatitis B and C, predominantly spread through blood and bodily fluids, still pose a risk in food environments where open wounds or poor hygiene are present.”

The FCT Minister described food handlers as an overlooked group whose role is pivotal in safeguarding public health.

“Therefore, the FCT Administration, committed to safeguarding public health and food security, is launching a strategic initiative to enhance food safety through comprehensive hepatitis screening of food handlers. This ambitious initiative is being scaled up through an innovative Public-Private Partnership (PPP) consortium, in alignment with the National Policy on Food Safety and Quality.

“This PPP consortium will combine efficiency, technical expertise, and funding capacity of the private sector with government oversight to implement regular and mandatory Hepatitis B and C screening for all food handlers within the FCT

“We urge all stakeholders, government agencies, private enterprises, healthcare providers, and food industry operators to actively support this transformative initiative through the mandatory hepatitis screenings for food handlers, promotion of free and effective Hepatitis B vaccination at public health facilities, enforcement of standardized food safety training inclusive of hepatitis awareness, rigorous enforcement of licensing, hygiene inspections, and medical screening requirements for food vendors and handlers and raising awareness and compassionately addressing the stigma surrounding hepatitis.

“To us, food handlers are not just service providers, they are essential public health stewards. Simple, consistent, and safe hygiene practices can significantly reduce hepatitis transmission.

“Therefore, let us break the silence. Hygiene cannot wait. Screening cannot wait. Action cannot wait. Together, let’s ensure that the FCT leads by example, turning our food industry into a symbol of health, safety, and excellence.”

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