News
Shuaibu Nahu Takes Over As NCAA Boss
Musa Shuaibu Nahu has assumed office as the new director-general and chief executive officer of Nigerian Civil Aviation Authority (NCAA).
Sidi Abdullahi, director of operations and training who acted as NCAA DG since October 24, 2019, after Muhtar Usman’s tenure ended, presided over the event.
Nahu takes over as the 7th director-general of the NCAA after his appointment on October 23, 2019, and confirmation by the senate.
The handover ceremony held at the conference room of the Aviation House in Ikeja on Monday.
While handing over, Sidi Abdullahi urged staff to support the new DG in his drive to take the authority to greater heights.
In his response, the DG thanked the federal government for the confidence reposed in him, promising to work with the staff in realizing the organisation’s mandates.
“Suggestions, insight and ideas are welcome in other to make things work well,” Nahu was quoted to have said in a statement by Sam Adurogboye, NCAA’s general manager, public relations of the authority.
The new DG asked staff members to be prepared for challenges that might occur as a result of the coronavirus outbreak.
At present, Nigeria has confirmed three cases of coronavirus.
Two of the three patients were travellers into the country while one patient contracted the disease through contact with the index patient.
Crime
Stampede: Court grants N10m bail each to Naomi Silekunola, Hamzat
The Oyo state high court has granted bail to Naomi Silekunola, ex-wife of the Ooni of Ife; and Oriyomi Hamzat, CEO of Agidigbo FM.
The duo, alongside the principal of the Islamic High School, were each granted bail in the sum of N10 million and two sureties in like sum.
Ibadan Stampede: Court fixes date for bail of Ooni of Ife’s ex-Queen, Naomi, Oriyomi Hazmat
The trio are standing trial for their alleged roles in a stampede at a funfair in Ibadan in December, which claimed the lives of over 30 people, most of them children.
The defendants were remanded at Agodi correctional centre on December 24 after being charged with four counts bordering on conspiracy, negligence causing harm, and failing to provide adequate security and medical facilities.
News
Lagos HoA: Obasa Impeached, Mojisola Elected + Video
The Lagos State House of Assembly has impeached Mudashiru Obasa as speaker. Naija Gatekeeper News just learned.
To avoid a vacuum, the lawmakers elected Mojisola Meranda, representative of Apapa I, as the new speaker.
This is a developing story. Stay with us.
Meranda would serve as the first speaker of the Lagos State House of Assembly if her election stands.
Business
FG expresses commitment to building strong, vibrant capital market
The Federal Government has reaffirmed its dedication to enhancing the capital market as a means to foster wealth creation for Nigerians and support national development.
Dr. Doris Uzoka-Anite, the Minister of State for Finance, made this assertion during a recent meeting with the board members of the Securities and Exchange Commission (SEC) in Abuja over the weekend.
In a statement released by SEC, Uzoka-Anite noted that the Ministry has received a directive from the President to cultivate a dynamic capital market that stimulates economic growth and plays a crucial role in national development.
According to her, “if we are to achieve the renewed hope mandate of a $1 trillion economy, it has to be through the capital market. It has to be private sector driven and that private sector drive is the capital market.
“A number of investors we had met previously in my former role were interested in the capital market. They want the market to be resilient enough to accommodate primary offers for them to exit when they come in. We are here to say that the market is open to accommodate them and we are committed to strengthening the capital market to make it more robust and ensure that investor confidence returns to the market. That is one area you need a lot of support and I think we can do that as it is fundamental for you”.
The Minister assured the SEC Board that the Federal Government is committed to supporting the Commission to ensure that the capital market realizes its full potential, drives the economy and creates wealth for Nigerians.
In his remarks, Chairman of the board of the SEC, Mr. Mairiga Katuka disclosed that the purpose of the meeting was to familiarize with the Minister and to solicit for close cooperation aimed at fostering a strong relationship between the SEC and the Ministry of Finance for the purpose of promoting a resilient and vibrant capital market.
Katuka emphasized the need for strengthened collaboration between the SEC and its supervising authority, adding that this is necessary to ensure the entrenchment of a policy environment conducive to sustainable growth in the capital market.
He said: “The capital market is key in achieving the current administration’s Renewed Hope Agenda and harnessing available potentials in the market to boost national economic development.
“As the apex regulator of the Nigerian capital market, the SEC is saddled with the dual responsibility of regulating and developing the market with a view to attracting investments for wealth creation and supporting Nigeria’s developmental objectives”.
He stated that the Commission is currently going through reforms, which are necessary to make it attain world-class status and maintain its pride of place amongst its peers, adding that the Board will be counting on the support of the Minster in driving the reforms in order to achieve the targeted outcomes.
“Please be assured of the commitment of the Board of the Commission to support the Federal Government’s economic diversification and financial inclusion agenda.
“As a Board, we shall look forward to engaging in sustained dialogue and partnership to drive growth and investor confidence in the Nigerian capital market and the economy generally. I thank you for receiving the Board of the Commission and solicit for your continued support of the SEC and its initiatives,” he added.
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