NYCC-19 sets up structures in states for better results
The Nigerian Youth Compact on COVID-19 NYCC-19, a humanitarian outfit, says it has commenced putting in place structures at the state level to enhance its activities to accomplish the desired results.
This is also in furtherance of the mandate of engaging about 10 million youths to serve as information agents to mitigate the spread of COVID-19 in the country.
The Vice Chairman and Head of State Affairs National Steering Committee, NYCC-19, Prince Chibuike Echem, said this at the south east zonal inauguration of COVID-19 Committee and the Youth Personality in Umuahia, Abia State
He said that Nigeria was the first African country to domesticate the United Nations’ global compact for youth in humanitarian action on COVID-19.
He stated that NYCC-19 is not a political or religion platform, but a platform put in place to compliment Federal Government efforts in the fight against corona virus at all levels.
He urged all the State Executives to be committed in the discharge of their duties, as NYCC-19 is result oriented.
On his part, the Chairman, Advisory Board, NYCC-19 and Nigeria focal person, Commonwealth Alliance of Youth Workers, CAYWA, Uzor Ifeanyi, said the essence of setting up the state structures was specifically to sensitize people on the coronavirus pandemic.
According to him, it is in line on athe need for people to adhere to Federal Government protocols of staying safe.
He added that the committee was also charged with the responsibility to reach out to young people in the zone,displaced of their means of livelihood as a result of COVID-19 and gather data of unemployed young people toward empowering them nationwide.
Delivering a keynote address at the inauguration, on Covid-19 and the Youth Personality, Dr. Queen Obioma, said the initiative was apt “as this is a period when the inexplicable tragedy, called COVID-19 is ravaging physical, social and economic fabrics of the society, locally and globally.”
Obioma noted that, the pandemic was a transformative experience that had resolutely drifted people to frequent intensive and unpleasant emotions..
She said such experience was usually expressed through anxiety, stress, anger, depression and frustration.
This development,Obioma further noted prompted immediate short-term and more long-term consequences in terms of psychology, society, health and morality.
She expressed concern that the global economic and social meltdown had amplified the effects of personal differences and characteristic pattern of “how we feel, think, do things and our value both in good and bad dimensions.”
According to her “although most of us are not infected, but are affected and the impact is not departing soon.”
Obioma further stated that prior to now, youths had been pressured with hydra-headed challenges majority of who had been direct victims of dilapidated economy, unemployment, inadequate education system, among others.
Obioma said that young minds were being brainwashed by fortune seekers who accessed the basement of the young susceptible minds to further enrich their pockets.
“Unfortunately, the COVID-19 pandemic tripled the ugly situation as it prompts the youths to abject redundancy through lockdowns in view of the fact that an idle mind is the devil’s workshop
She said youths were the greatest and invaluable investments of the nation, hence they should not allow themselves to be used to perpetuate crimes.
She urged youths to be resolute change agents as they deploy all arsenals and doggedness toward ensuring that advocacy and sensitizations trickles down to the grassroots levels.
Abia State Commandant, Peace Corps of Nigeria, Emenike Innocent applauds, the NYCCC-19 for the successes attained so far in empowering the Nigerian youths, stating that the state coordinators and the executives should ensure that the essence of their emergence, as state executives, is carried out diligently.
This he said became necessary to ensure that the message gets to the national and rural areas.
The Abia State Director, National Orientation Agency (NOA) Dr. Ngozi okechukwu, represented by the Assistant Director Victor, Orji noted that one of the challenges the country faced, this period, is lack of awareness in many quarters about the pandemic.
He added that most Nigerians “do not believe that there is corona virus, hence the NOA is ready to partner with the NYCC-19 to sensitize the people, most especially in the rural areas, to keep them abreast about the pandemic.
He urged youths to observe the Federal Government rules on ways to ease the spread of the virus, adding that COVID-19 is a virus that washing of hands with soap and water could easily cure, therefore, people should not joke with their health.
High point of the event is the inauguration of the 7-man committee each from the 5 states that make up the south east zone of Nigeria. They are; Abia, Enugu, Imo, Anambra and Ebonyi.
CBN Sells Polaris Bank To SCIL
The Central Bank of Nigeria (CBN) has announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor.
In a statement signed by its Director, Corporate Communications Department, Osita Nwanisobi, the CBN said that SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement, including the full repayment of the sum of N1.305 trillion, being the value of the bonds, which as part of its intervention, in 2018, to revoke the licence of the former Skye Bank Plc. and establish Polaris Bank to assume its assets and certain liabilities, the banking industry regulator injected into Polaris through the Asset Management Corporation of Nigeria (AMCON) and is to be repaid over a 25-year period.
The statement reads: “The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) are pleased to announce the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).
“Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria intervened to revoke the licence of the former Skye Bank Plc. and established Polaris Bank to assume its assets and certain liabilities. As part of the CBN intervention, consideration bonds with a face value of N898 billion (future value of N1.305 trillion) was injected into the bridge bank through AMCON, to be repaid over a 25-year period.
“These actions were taken to prevent the imminent collapse of the bank, enable its stabilisation and recovery, protect depositors’ fund, prevent job losses and preserve systemic financial stability. SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement which include the full repayment of the sum of N1.305 trillion, being the consideration bonds injected.
“The CBN thus received an immediate return for the value it has created in Polaris Bank during the stabilisation period, as well as ensuring that all funds originally provided to support the intervention are recovered. The sale was coordinated by a Divestment Committee comprising representatives of the CBN and AMCON, and advised by legal and financial consultants. The Committee conducted a sale process by ‘private treaty’, as provided in Section 34(5) of the AMCON Act to avoid negative speculations, retain value and preserve financial system stability.
“In the process, parties who had formally expressed an interest in acquiring Polaris Bank, subsequent to the CBN intervention in 2018, were invited to submit financial and technical proposals. Invitations to submit proposals were sent to 25 pre-qualified interested parties, out of which three parties eventually submitted final purchase proposals following technical evaluation. All submissions were subject to a rigorous transaction process from which SCIL emerged as the preferred bidder having presented the most comprehensive technical/financial purchase proposal as well as the highest rated growth plans for Polaris Bank.”
The CBN Governor, Mr. Godwin Emefiele, was quoted in the statement as saying that: “This sale marks the completion of a landmark intervention in a strategic institution in the Nigerian banking sector by the CBN and AMCON. We commend the outgoing board and management for their vital role since the bridge bank was established; in stabilising the Bank’s operations, its balance sheet and implementing strong governance structures to address the issues that led to the intervention.
“This process has provided the CBN with an unprecedented opportunity to recover its intervention funds in full and promote financial stability and inclusive growth. We wish SCIL well as they implement growth plans to build the bank from the strong foundations that have been established.”
Media Intelligence agency Marks Six years of Operation in Nigeria
Media Intelligence agency Marks Six years of Operation in Nigeria.
P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it rebrands with a new business logo, website, and office to deepen penetration.
The leading company has in the past six years engendered the needed growth for its clients, and the rebranding is part of efforts aimed at sustaining its leading position in the sector, having worked with over 47 brands and 17 Public Relations agencies in Africa’s largest economy.
The logo with new colors depicts the innovation and creativity of the brand, as also shown on its new website with the agency service rate, to enable brands and agencies to make faster decisions in budgeting.
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As the only AMEC Member in Nigeria, P+ has strong partnerships with the Nigerian Institute of Public Relations (NIPR) and Reelforge Media Monitoring, the biggest media monitoring agency in the East African region, covering more than five countries.
Speaking on the company’s new development, the Chief Insights Officer, Philip Odiakose, said P+ is strongly positioned to effectively deliver on its offerings, with state-of-the-art structure, process and highly skilled media analysts in an exceptional and value-driven business model in line with global best practices.
“Our Measurement and Evaluation report is in-depth, robust, and flexible to accommodate valid metrics that brands desire to see reflected in their customized reports, and also based on the AMEC Standard in accordance with the Barcelona Principle 3.0. We deploy the P+MCA (media content analysis) methodology for media evaluation and analysis based on qualitative and quantitative metrics in analyzing media exposure,” Odiakose affirmed.
He said the new office would serve as a hub in the country and the West Africa sub-region, where the company will provide media monitoring, measurement, evaluation, and performance audit services for brands, media agencies, government agencies and NGOs.
Also as part of its efficient services, the measurement and evaluation company introduced “Get-Reports,” a novel product that allows the purchase of PR performance audit reports in key sectors.
The “Get-Reports” product spans across different industries which includes the 22 Commercial Nigerian Banks PR Performance Audit Report, Top Nigerian Insurance PR Performance Audit Report, Top Nigerian Digital Banks PR Performance Audit Report, and Top Online Streaming Services PR Performance Audit Report.
It’s not too late for NASS to revisit e-transmission of election results – SAN
By Gistflash News
Sept 26, 2021
The clause 52(2) of the bill gives the Independent National Electoral Commission (INEC) the discretion to determine when, where and how voting and transmission of results will be done.
The Senate had ruled out the possibility of having results transmitted electronically when it voted that the NCC, with the National Assembly’s approval, would determine whether INEC could transmit results electronically or not.
Similarly, the House of Representatives, on July 16, passed the Electoral Act (Amendment) Bill, maintaining the controversial Clause 52(2) as presented amidst protests, especially by members of the minority caucus.
After the passage of the bill, the Speaker, Mr Femi Gbajabiamila, criticised the proposed electronic transmission of election results, saying it was not feasible in the country for now.
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