NEWS
Reps Quiz WAEC Boss over N6bn Deficit Incurred in 2023
The House of Representatives has quizzed the Head of the National Office, West African Examination Council (WAEC) Nigeria, Mr Josiah Dangut, over a N6 billion deficit the agency incurred in 2023.The House Committee on Basic Examination Bodies, led by Rep. Oforji Oboku, grilled Dangut during an investigative hearing in Abuja on Tuesday.
The committee queried WAEC over a loan of N5 billion it got in 2022 for the purchase of a customised calculator. Dangut, in a defence, provided the cashbook of the agency to the committee but the members declined, insisting that it must submit bank statements. The committee chairman said WAEC had to explain how it generated N34 billion in 2023, but spent N40 billion.He also wondered how the examination body could approve a loan of up to N5 billion when even the Ministerial Board could not approve such an amount.He asked the WAEC boss to tell the committee how many students participated in the 2022 examinations for which the calculators were obtained.Following the unsatisfactory response by the WAEC representatives, the committee resolved that WAEC must submit all its bank statements from 2018 to date “within a week”.A member of the committee, Awaji-Inombek Abiante, described WAEC as uncooperative, saying that it must be held accountable.“WAEC Nigeria was an uncooperative witness in this process, shielding and denying Nigerians the value of whatever investment the country has had in that office.“WAEC should submit all its bank account statements to the committee in furtherance of the investigation,” he said.The committee said that out of eight submissions demanded from the examination body in a bid to probe its expenditure, only one – nominal role – was submitted.The committee demanded that WAEC should provide the expenditures that led to the N6 billion deficit and all correspondences related to the purchase of customised calculators.The committee further said that evidence of approval for the N5 billion loan to purchase the customised calculators must be provided.The committee also demanded evidence of due process followed for the award of the contract as well as evidence of payment, including payment vouchers and bank records.It queried WAEC for breaching the public procurement and financial regulations act in the payment of 50 per cent of the contract for the construction of its Taraba office valued at N532 million.Dangut, however, pleaded with the lawmakers to give him another date to enable him present the statement of account and other documents demanded.He also explained that he had to pay 50 per cent of the Taraba office contract sum to avoid the astronomical rise in the inflationary trend in the country. (NAN)Foreign News
Australia’s Regional Leaders to Ban Children from Social Media
The leaders of all eight of Australia’s states and territories have endorsed the prime minister’s plan to ban children younger than 16 from using social media.
Anthony Albanese announced on Friday that legislation for the world-first ban would be introduced to parliament in November after the leaders of all six states and two territories endorsed the plan.
Speaking after meeting with the state and territory leaders on Friday, Albanese said that the government of the island state of Tasmania expressed a preference to set the minimum age limit at 14.
However, they ultimately agreed with the proposed 16 to guarantee a uniform nationwide approach.
“The safety and mental health of our young people has to be a priority, and my government will do all that we can to protect our young Australians.
“Government will also provide support for parents and teachers who are dealing with these issues,’’ he told reporters in Canberra.
Albanese on Thursday committed to setting the minimum age limit at 16, having previously pledged to introduce a minimum age limit without specifying a cut-off age.
Under the proposal, the onus to ensure compliance with the minimum age limit will fall on social media companies, not parents, guardians or children.
The laws would be enforced by the office of the government’s eSafety commissioner.
Albanese and Michelle Rowland, the minister for communications, said on Friday that the ban would take effect at least 12 months after the legislation is passed by both houses of the federal parliament.
The passage is to give industry, governments and the eSafety commissioner time to implement systems and processes.
Rowland said that 16 was chosen as the cut-off age following extensive consultation to minimise harms experienced by young people during a critical development period. (Xinhua/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)