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NYCN thanks Buhari, Hails Youth and Sports Minister’s Initiative on the Establishment of the National Youth Investment Funds.

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NYCN Thanks Buhari for approving 75 Billion Youth Investment Fund
NYCN thanks Buhari, Hails Youth and Sports Minister’s Initiative on the Establishment of the National Youth Investment Funds.

The National Youth Council of Nigeria led by its President, Amb. Sukubo Sara-Igbe Sukubo has commended the Honourable, Hon. Sunday Dare for his innovative resourcefulness that has resulted in the establishment and approval of the N75 Billion naira National Youth Investment Found (NYIF) by President Muhammadu Buhari.  

The Minister, ably represented by the Permanent Secretary of the Ministry, Mr Gabriel Aduda, while receiving the National Youth Executives at the Moshood Abiola Stadium, noted that the NYCN has taken a bold and commendable step to thank Mr President on the establishment of the NYIF.

Sokubo Presents Letter of Commendation to the Honourable Minister of Youths and Sport, Mr. Sunday Dare

He stated that the Memo on the establishment of the fund was thoroughly debated and it enjoyed an overwhelming support by members of the Federal Executive Council.

This gesture is to enable the teeming population of the Nigerian youth to be economically motivated for sustainability.  

Mr Dare added that it is important to go beyond empowering the youth into investing in the youth of Nigeria with a common pulse that supports entrepreneurship and small businesses as well as provide the environment for youth to fly with their ideas.

He stated that the 75Billion naira will come in three trenches between now and 2023 nothing that Mr President has given directives to the Minister of Finance, Budget and National Planning alongside the Central Bank Governor to source for the money.

According to the Minister, the Ministry through the Technical/Steering Committees that shall be put in place,which will include the youths, shall be working on modalities to enable Nigerian youth have access to the fund and pay back within a short period with not more than 1 digit interest rate.

He implored the youth to come up with innovative ideas that could lead to wealth/job creation and which can as well achieve any of the 9 cardinal goal of the present administration.

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The President, National Youth Council of Nigeria, Amb. Sukubo Sara-Igbe Sukubo, in his response, expressed gratitude to the Honourable Minster whose supervision in the youth constituency has recorded massive positive developments including the National Youth Investment Fund recently approved by Mr President.

Sukubo noted that Nigerian youth have experienced a breath of fresh air and hope is kept alive owing to the visionary foresight of the Minister for the growth of the youth of this country.

‘To all my fellow Nigerian youths, it is a new dawn for us, the sound of hope echoes in the air. The long awaited dream has become a reality and I can testify that there is a song of joy in our lips, he said.

In his vote of thanks, the Hon. Commissioner for Pan Africa Union in Nigeria, Mr. Niyi Oladele, thanked President Buhari for the economic empowerment by creating this National Youth Investment Fund for the Nigerian youth and other programmes of the ministry on social media to keep the youths off the streets.

He however made a call to the President to kindly direct all youths related activities and programmes scattered in other Ministries, Departments and Agencies of government to be redeployed and warehoused in the Ministry of Youth and Sports Development for proper coordination.  

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Arms Procurement Investigation: “Issues of arms procurement were done by specific individuals, call these individuals to explain to you ” – COAS Ibrahim Attahiru tells House of Reps members

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A dramatic scene was recorded today April 13 after the Chief of Army Staff Lieutenant General Ibrahim Attahiru appeared before House of Representatives ad-hoc committee on arms and ammunition as part of the investigation into arms purchase by the military.


Attahiru refused to speak on arms procurement after presenting a document to the committee.


According to the COAS, he just resumed office and the issues surrounding the procurement of arms should be answered by the “specific individuals” who initiated the purchase.


He said;


“The submission before you speaks to the report before you. It is an executive summary. It is very self-explanatory to the extent that it has been pluralised. When you demanded this report, you stated a specific period for which you wanted it.

“You may wish to recall that the Chief of Army Staff took over the mantle of leadership barely two months ago.

“The period for which you want this report having been summarised in the executive summary explained whatever details you require.

“Issues of arms procurement that you so demand to know were done by specific individuals, I will rather you call these individuals to explain to you very specific issues the general explanation is contained in this report.”


A member of the committee, Ejiro Ogene had also faulted the COAS explanation for not appearing before the committee earlier.


Ogene said;


“When we ask you to come, the people are the ones speaking, sovereignty lies in the people; if we see it like this, things will be different.

“I expect that the COAS tenders an apology, not an explanation; you are serving the people and they are as your employer.”


Firing back at him, Attahiru insisted that his explanation serves as an apology. He said;


“When you say I offered an explanation, it is as good as an apology. It only tells you the reasons why I wasn’t here and the reasons are pungent enough.”


Following the rising tension at the proceeding, Chairman of the Committee Olaide Akinremi ruled that the hearing goes into a closed-door meeting and the media were asked to leave the hearing.

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25-year-old Nigerian man arrested for Scamming woman of N16million in India

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A 25-year-old Nigerian has been arrested in India for allegedly scamming a 62-year-old woman from Indore, Madhya Pradesh, of Rs 31.64 lakh (N16,048,923.81)

“The accused, Wisdom Obinna, from Imo State, was part of a gang that befriended women on social media and then scam them with lottery and gift frauds,” said Indore Cyber Cell Superintendent of Police, Jitendra Singh, on Friday, April 9.

“Obinna was arrest25-year-old Nigerian man arrested in India for duping woman of N16m ed from Delhi, where he was staying even after his business visa expired. Efforts are on to nab other members of the gang,” he added.

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During the interrogation, the accused said that he came to India on Business Visa in 2014 and 2017. After the visa expired, he became active in cheating and used to operate from Delhi.

The gang members befriend Indian girls and women on Facebook by creating accounts with different foreign fake IDs.

After Wisdom has made friends with the women, he lured his victims by claiming he sent them some expensive gifts.

Later, other members of the gang pose as custom officers and demand money in the name of Tax and Penalty to get the parcel, send a message through bank account WhatsApp and get the money transfer. They would also threaten the victim with legal action.

Police recovered eight passbooks of various banks, three ATM cards, two laptops, three pen drives, 9 mobile phones, eight SIM cards, two dongles, passports and Rs 11000 in cash from the accused.

 

25-year-old Nigerian man arrested in India for duping woman of N16m

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CBN gets order to freeze 194 accounts in 17 banks

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CBN gets order to freeze 194 accounts in 17 banks

The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.

This was contained in a post by the apex bank on its website yesterday pursuant to the court order. The freeze orders were sequel to three exparte applications filed by the apex bank seeking a mandatory order of the court to ask the 17 banks to freeze the account of the business organizations and individual pending the outcome of an ongoing investigation the apex bank had initiated.

In one of the suits against Nuru Abubakar and 24 others, the court granted the request by CBN to freeze the account of the defendants in the banks for 45 days. Justice A.R Muhammed who made the order in his ruling on March 30, 2021, said: “An interim order is hereby made empowering the applicant to direct the head office of the listed banks to freeze forthwith all transactions on the bank account of the defendants for a period of 45 days pending the outcome of investigation and inquiry currently being conducted by CBN.”

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In another suit filed by CBN against Sethwealth Ventures and two others, the court granted an exparte application by the apex bank to freeze 50 accounts linked to the three defendants in 13 banks. A similar order was also made in the suit by CBN against Bluebeam Capital Ltd freezing 60 accounts of the company in 13 banks.

The 17 banks affected are Access Bank, First City Monument Bank, Fidelity Bank, Sterling Bank, Keystone Bank, Providus Bank, United Bank for Africa (UBA), Wema Bank and First Bank. Others are Guaranty Trust Bank, Ecobank Bank, Heritage Bank, Polaris Bank, Zenith Bank, Stanbic IBTC Bank, Standard Chartered Bank and Union Bank.

The companies affected include Bluebeam Capital Limited, Sethwealth Ventures, Seasons Bureau De Change, Lat-Ade Logistics, Sani Polo Global Investment Ltd, Saneo Global Resources Limited and Romvic Ventures Nigeria Limited.

 

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