News
ECOWAS Agree On $187m Capital Base For Regional Central Bank

ECOWAS Agree On $187m Capital Base For Regional Central Bank
By: Michael Mike
Member countries of the Economic Community of West African States (ECOWAS) have agreed to put forward $187 million as capital base for the proposed Central Bank of West Africa.
This would make fund available for infrastructure development and solid liquidity of the region.
The President of the ECOWAS Commission, Dr. Omar Alieu Touray disclosed this while presenting the status of the community at the ongoing First Ordinary Session of the ECOWAS Parliament in Abuja on Wednesday.
He said studies on the size and distribution of the capital and reserve pooling have been finalized, explaining however that ” the criteria for pooling reserve, the voting system and establishment of the solidarity and stabilization fund for ECOWAS are still in progress.”
Touray lamented that the region is still grappling with the negative effects of the COVID-19 pandemic in terms of macroeconomic convergence.
He said: “The performance in terms of macroeconomic convergence of the member states, the preliminary data from member States in 2022 showed negative impact of lingering effects of COVID-19 pandemic, the Russian-Ukraine war, which have put more pressure on member states performance in terms of macroeconomic convergence.”
He said the situation of the region deteriorated further in 2022 compared to 2021, adding that more work needs to be done towards meeting both the primary and secondary convergence criteria for the ECOWAS single currency.
He said that none of the member states met all the primary or secondary convergence criteria in 2022 same in 2021.
He disclosed that in response to the challenges facing the community, the commission has embarked on numerous activities and increased efforts towards Economic and Monetary Union and efforts to deploy the right infrastructure to address the deficits in the community as well as building bridges and the connectivity necessary for economic integration and improvement in the well-being of the people.
He revealed that other areas of interests where the commission has made great strides include; investment in human capital development in the community, humanitarian assistance to citizens who are victims of both man-made and natural disasters and promoting gender equality and youth empowerment.
ECOWAS Agree On $187m Capital Base For Regional Central Bank
News
Nine passengers perish in Ghastly vehicular crash on Maiduguri Damaturu road

Nine passengers perish in Ghastly vehicular crash on Maiduguri Damaturu road
By: Bodunrin Kayode
Nine passengers have died on the spot after their vehicle a Borno Express commercial bus heading to Maiduguri crossed its lane recently to collide with an on coming heavy duty vehicle headed for Damaturu.
The devastating crash occurred at Auno community area on Friday, at about 1530 hrs said the Federal Road Safety Corp (FRSC) Commander Usman Mohammed.
The Sector Commander told this reporter that while eight of the commuters died on the spot, one died in the specialist hospital obviously after profuse bleeding making the total casualties to be nine which is the highest figure for this year in Borno state.
“The breakdown of the crash was the loss of Five adult Males, one adult female,, Two boys and One girl child not beyond the age of about 10.” Said the commander.
The sector commander noted that out of the total number of passengers in the hummer bus, seven others sustained various injuries and were rushed to the Maiduguri specialist hospital for treatment.
“The crash involved two vehicles a Toyota Hummer bus belonging to Borno Express carrying loads of papers possibly for a non governmental organization from Kaduna and a commercial Trailer heading towards Yobe.
“The hummer bus had stopped at Potiskum to drop some passengers he had from Kaduna and took another set for Maiduguri which was his ultimate destination with the cargo.
” The obvious cause of the crash is attributed to over speeding which resulted into loss of control which took him to the wrong lane.
” Sadly, you know that Auno is a dangerous zone on that route which is why many commuters refused to stop on the way to help them even after eight passengers died on the spot while the ninth one perished in the maiduguri Specialist hospital.
“This is the worse crash we have had this year unlike what we had early this year at Beneshek in which four people lost their lives on the spot.
“Our thoughts and condolences go out to the families and loved ones of the deceased. The motoring public are urged to exercise caution on the road while traveling.” Said commander Musa Adamu.
Nine passengers perish in Ghastly vehicular crash on Maiduguri Damaturu road
News
Flash Flooding: Betara Clears Drainages, Gives Relief Materials in Biu

Flash Flooding: Betara Clears Drainages, Gives Relief Materials in Biu
By: Michael Mike
Member representing Biu, Kwaya Kusar, Bayo, and Shani federal constituency in the House of Representatives, Rt. Hon. Muktar Betara Aliyu has swiftly responded to the devastating flood in his constituency by mobilizing emergency relief efforts to repair damaged areas and provide support to affected residents.
After a sudden flash flood that has hit several wards in Biu local government area, causing significant damage to homes and infrastructure, the lawmaker mobilized people to clear the drainage to forestall future reoccurrence.


He equally dispatched truckloads of relief materials to be shared to people affected by the flood.
The flood which was triggered by heavy rainfall recently, making overflowed bridges and inundated homes in various parts of the Biu.
According to recent of Biu town, Dauda Yusuf: “Rt. Hon. Muktar Betara Aliyu, the federal lawmaker representing Biu, Kwaya Kusar, Bayo, and Shani federal constituency in his usual manner has swiftly responded to the disaster that ravaged parts of Biu.
“He mobilized emergency relief efforts to repair damaged areas and provide support to affected residents.

“We could not have asked for better representative, Betara has always been supportive in all situations, in times of troubles just like this present flood and in times of celebration during Ramadans and many Sallahs, he always found something to give.”
A statement from Betara Youth Team (BYT) at the weekend, read that: “The feedback from the community resident was inspiring, and it is clear that this intervention will have a lasting impact on the lives of those who live there.
“Rt. Hon Muktar Betara Aliyu is committed to continuing to bring the benefits of democracy to his people and he will continue to work tirelessly to improve their lives.”
End
News
Troops repel attempted terrorist infiltration in Monguno, recover arms and supplies

Troops repel attempted terrorist infiltration in Monguno, recover arms and supplies
By: Zagazola Makama
Troops of Sector 3, Operation Hadin Kai, have repelled an attempted infiltration by terrorists into Monguno town through the Charlie 15 axis in Borno State.
Sources told Zagazola Makama on Sunday that the attempted attack occurred at about 0255 hours on Sunday but was swiftly repelled by alert troops who engaged the insurgents in a firefight.
The source said that during pursuit, the troops observed blood stains along the withdrawal route of the fleeing terrorists, suggesting that some of them may have sustained injuries.
Items recovered from the scene included seven rounds of 7.62mm special ammunition, one PKT machine gun belt, an empty AK-47 rifle magazine, an RPG bomb, spaghetti, and a pair of slippers.
There was no casualty on the side of the troops, and there was no further contact with the terrorists as they retreated into the bush.
Troops repel attempted terrorist infiltration in Monguno, recover arms and supplies
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