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Easter: NSCDC Deploys 35,000 Personnel to Secure Lives and Critical National Assets

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Easter: NSCDC Deploys 35,000 Personnel to Secure Lives and Critical National Assets

By: Michael Mike

No fewer than 35,000 personnel have been deployed by Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi to protect lives and property including critical national assets and Infrastructure (CNAI) during the Easter celebration.

Audi directed Zonal Commanders and State Commandants to ensure mass deployment of personnel across all the Zonal, State commands and Federal Capital Territory as part of measures to ensure a hitch-free Easter celebration.

The statement read that within the period of the celebration, the Corps is to protect CNAI as well as the security of lives and safety of property in line with its mandate whether private or public in synergy with other security agencies.

It said the CG has tasked operatives in the Anti-vandal Unit, Special Intelligence Squad (CG’s SIS), Transport and Mining Marshals, Special Female Squad, Special Force, Special Weapon and Tactics (SWAT), Directorate of Intelligence and Investigation (DII), Crack Squad and Rapid Response Squad (RRS) amongst others to ensure round the clock surveillance as contained in the Operational Order.

While the deployment is to yield the desired result of maximum security through overt and covert operations, the CG reiterates that oil installations, Railway tracks, power and telecommunications, schools as well as recreational facilities should be adequately protected through surveillance.

It urged members of the public to support by giving useful and timely information on suspected acts and persons for prompt and appropriate response.

The CG on behalf of top management, officers and men of the Corps, extends felicitation to Christians on the successful completion of Lent and Easter which mark the crucifixion and resurrection of Jesus Christ from death.

Easter: NSCDC Deploys 35,000 Personnel to Secure Lives and Critical National Assets

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Corporate Affairs Commission places First Bank record on caveat as board crisis worsens

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Corporate Affairs Commission places First Bank record on caveat as board crisis worsens

. As ex-AMCON chair accuses bank of promoting illegality and disobedience to court orders

By: Michael Mike

The Corporate Affairs Commission, CAC, has placed the record of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the current crisis rocking the board of the bank as a result of multiple court cases filed by aggrieved directors.
The current crisis rocking the bank stems from protests by shareholders who are kicking against the bank’s internal governance and shareholding structure, as a result of which some of them have taken their grievances to the court. One of such is the case of Olusegun Samuel Onagoruwa v. FBN Holdings Plc in Suit No. FHC/L/CP/1271/2022), which is challenging the capacity of the Board of Directors of FBN to appoint new persons to fill vacant slots.
Onagoruwa in his suit is seeking “an order setting aside, nullifying, annulling and/or quashing the appointments and approvals of Mr. Olusola Adeeyo, Mr. Viswanathan Shankar, Mrs. Remilekun Adetola, Mr. Anil Dua and Mrs. Fatima Ibrahim as Non-Executive Directors of First Bank of Nigeria Limited made on the 20th day of March, 2024, by FBN Holdings Plc during the pendency of this action and in defiance of the subsisting order of this Honourable Court made on the 15th day of July, 2022.”
The motion also seeks an order restraining the above-named non-executive directors from acting or taking any steps as non-executive directors of the bank. The current court case follows similar four other cases pending at the Federal High Court in Lagos and Abuja challenging the internal governance of FBN Limited, in addition to existing court injunctions restraining the bank from holding the last two Annual General Meetings which the bank went ahead to hold.
In a new twist to the crisis, the Corporate Affairs Commission in a letter titled
“RE: NOTIFICATION OF PENDENCY OF SUIT NO. FHC/L/CP/1575/23 AGAINST FBN HOLDINGS PLC, AND SUBSISTING INTERIM ORDERS OF THE FEDERAL HIGH COURT MADE ON THE 9TH DAY OF AUGUST 2023 RESTRAINING FBN HOLDINGS PLC FROM HOLDING OR PROCEEDING WITH ITS ANNUAL GENERAL MEETING PURPORTEDLY HELD ON THE 13TH DAY OF AUGUST 2023”, weighed in on litigations threatening to tear the old generation bank apart.
Signed on behalf of the Registrar General of CAC by Chidimma Maureen Nwite, the Commission in a letter to lawyers to some of the parties in court against FBN Holdings said
“This is to inform you that the record of FBN Holdings PLC RC: 916455 has been placed on caveat pending the determination of Suit No. FHC/L/CS/1575/2023.
Please be guided accordingly.”
Speaking on the multiple crises rocking the foundation of First Bank, a former Chairman of Asset Management Corporation of Nigeria, AMCON and Senior Advocate of Nigeria, Dr. Muiz Banire accused the first generation financial institution of promoting illegality and flagrant disobedience of court orders, a development shareholders fear poses major threat to the bid by the bank to strengthen its capital base in line with the recent directive of the Central Bank of Nigeria to all banks operating in the country to recapitalize.
Banire who is involved in one of the court cases said “the Bank seems to now have a reputation of defying court orders. What I just read is similar to the case Iam handling also. The Bank appears to be building a reputation of lawlessness and by the time it boomerangs, the bank and by extension the shareholders will bear the brunt. I am sure the plaintiffs will not allow them to get away with the illegality. The case of the bank is becoming a bubble.”
He further said “I also believe the CBN is aiding and abetting the Board of Directors the apex bank imposed. Everything the Board is doing is beyond their mandate. The Apex Bank needs to dissolve the Board and allow the shareholders to choose their Directors. It is one illegality after another.”
According to one of the workers union leaders in the bank, “as the tenure of the imposed directors is expiring, the same illegitimate Management of FBN, whose legitimacy is being challenged, has gone further, during the pendency of the cases challenging their competence to lead the bank, to arbitrarily appoint further five independent directors. Where they derived the power from remains a mystery.
“Mismanagement and manipulation of shares are also being alleged in some of the cases pending against the bank while the legality of the AGMs and the imposed board of directors remain a challenge.” The union leader expressed the fear that the spate of litigations and board squabbles currently rocking the bank may bring a quick collapse of the over 100-year- old bank.
Also speaking on the development, a shareholder, Mr. Olalekan Babalola, said “it is imperative for the authorities to find a solution to this lingering crisis as Nigeria cannot afford another major bank’s collapse at this critical time when President Bola Tinubu is working hard to revamp the nation’s crumbling economy. This is because the current crisis will definitely impede the bank from getting the new Central Bank’s capitilisation threshold.”
He called for urgent resolution of all court cases in the overall interest of depositors, shareholders and other stakeholders of the bank before further damage is done to the oldest Nigerian bank.

Corporate Affairs Commission places First Bank record on caveat as board crisis worsens

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Terrorists Seize Humanitarian Aid Vehicle in Niger!

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Terrorists Seize Humanitarian Aid Vehicle in Niger!

Suspected ISWAP terrorists launched a daring attack, seizing a Toyota Land Cruiser belonging to CADEV, an NGO affiliated with CRS (Catholic Relief Services) on Friday. The NGO, dedicated to humanitarian aid and feeding refugees in Niger Republic, was ambushed between Gargada and Gagamari, along Diffa-Maine Soroa road.

Tragically, the terrorists unleashed gunfire during the assault, resulting in the death of the driver. Another official sustained gunshot wounds but remains in stable condition.

The vehicle’s tracking data uncovered its location across the border in Yobe State, Nigeria. Intelligence sources revealed to Phantom Eye that the area serves as a stronghold for ISWAP.

This incident vividly highlights the dangers faced by humanitarian organizations in conflict zones. The loss of the vehicle disrupts critical aid delivery efforts, especially for vulnerable populations, predominantly Nigerian refugees in Niger Republic.

Terrorists Seize Humanitarian Aid Vehicle in Niger!

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Angola Opens Visa and Investment Centre in Port Harcourt

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Angola Opens Visa and Investment Centre in Port Harcourt

By: Michael Mike

The Embassy of Angola in Nigeria is opening a visa application centre in the oil-city Port Harcourt to boost especially the oil business of the country with Nigeria.

A statement by the embassy on Monday read that: “As part of the activities to celebrate the 4th of April, Day of Peace and National Reconciliation in Angola, a Visa Application Centre will be inaugurated this Tuesday, 04/02, in the Nigerian city of Port Harcourt, in order to obviate the need to travel to Abuja and Lagos.

“The centre, a partnership between the Embassy of Angola in Nigeria and the company Akwa Helmes International Limited – AHIL, has facilities for applying for visas, increasing investment attractiveness, supporting the oil and gas industry, as well as promoting sun-sea and adventure tourism.

“Its services will extend to hotel reservations, ticket sales and air connectivity to destinations operated by Angola’s national airline, TAAG.”

The statement added: “H.E. Siminalayi Fubara, Governor of Rivers State, is the special guest of H.E. Ambassador José Bamóquina Zau to witness the inauguration of a centre for economic, cultural and tourist rapprochement between Angola and Nigeria.

The city of Port Harcourt, in Rivers State (with a population of about 10 million), is located in the heart of the vast Niger Delta, where the main petroleum and petrochemical industries, two large state-owned refineries, two seaports, universities and scientific and technological institutes are located.

According to the statement: “Most of the businessmen and technicians working in Angola’s oil and gas industry come from this region, but the local authorities want to intensify academic cooperation with training institutes and technical internships in the oil and gas industry.”

Angola Opens Visa and Investment Centre in Port Harcourt

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