News
Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians
Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians
By: Michael Mike
The Metropolitan Law Firm has launched an endowment fund under the Islamic Banking guidelines to cater to the education of indigent Nigerians for basic to tertiary institutions.
The fund, called Waqf, is an instrument of Islamic Estate Planning largely designed for charitable and philanthropic activities to solve social problems.
Managing Partner, The Metropolitan Firm, Ummahani Amin, said N60 million seed funding has been committed to the fund and is targeted at the less privileged children, particularly orphans in the northeast by providing scholarships and complementing efforts aimed at dousing the burgeoning number of out-of-school children in the country.
She made this known at the 5th Annual Islamic Estate Planning and Clinic and the official launch of the Metropolitan Waqf fund on Sunday in Abuja organised in partnership with the FBNQuest Trustees, a subsidiary of FBN Holdings
Amin said the philanthropic activity will kick off in the Northeast because it is the region of the country that is most ravaged by insurgency and wanton killings which have left many destitute.
She added that the fund is focusing on education because it is a major social problem in the country that must be addressed for the country to attain desired development.
“We are targeting Northeast right now when it expands, it would be for everyone that meets the criteria. We will start with scholarships, but in the long run, we intend to have schools, especially for that with the best quality education and teachers to nurture and train the children till tertiary level, and we intend to give scholarships to either study in or out of the country at the tertiary level,” she said.
While noting that Waqf is an aspect of Islamic social financing targeted at solving a social problem, she said the fund is open for donations from individuals, and institutions. She equally noted that the Waqf is part of the Corporate Social Responsibility (CSR) of the Metropolitan Law.
Abimbola Ajinibi, Senior Vice President, FBNQuest informed that the non-Muslims can benefit from the endowment fund. He said the role of FBNQuest would be to ensure that the interest of the beneficiaries is protected.
“Waqf is called Islamic trust. It simply means that you have three parties, a set law, trustees, and the beneficiaries. Essentially, the trustees hold assets for the benefit of the named beneficiary. Today, we are launching Metropolitan Waqf which means that we are setting up a trust for the benefit of certain people. So we (FBN Quest) are going to act as delegate trustees to ensure that the interest of the beneficiaries is protected,” he said.
In the same vein, the Senator-Elect of FCT under the Labour Party and the member of the Board for the Metropolitan Waqf Fund, Ireti Kingibe, emphasized that the target is to help out-of-school children in the country, especially from the north.
Kingibe also used the opportunity to assure that she will use her office when she assumes office to ameliorate the plight of the marginalized groups in the FCT, especially the youth, women, and children.
Also in her presentation, Mutiat Olatunji, Private Trust Specialist, while giving an overview of the Islamic Estate Planning and Wealth Transfer defined estate planning as a structure set up during a person’s lifetime to cater to o the needs of both immediate and extended family, charitable and philanthropic activities
She also explained Waqf is a veritable tool for inheritance planning, and also be used to cater to generational wealth transfer, medical needs, and charitable activities among others.
Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians
Suspected Repentant B’Haram Insurgents Burn NDLEA, NCS Checkpoints In Borno
By: Zagazola Makama
A group of suspected repentant Boko Haram insurgents, on Wednesday May 1, 2024 stormed the National Drug Law Enforcement Agency and the Nigeria Customs Service checkpoints at Kasuwan Fara, a suburb of Maiduguri metropolis, chasing away the personnel on duty and setting ablaze all structures at the checkpoints.
The incident, according to investigation by Zagazola Makama, followed a fierce encounter between the suspected ex Boko Haram combatants and the police at the Kasuwan Fara Divisional Police Office.
The suspected repentant insurgents, reportedly wearing military uniform, had pounced on the police office to forcefully set free their eight colleagues arrested at the suburb over criminal activities bordering on dealing in hard drugs.
The arrest was made on April 24 during a raid carried out by the police on the notorious spot at the criminals-ridden Kasuwan Fara.
Due to the rise and persistence of criminal activities and sinister operations by drug peddlers comprising dismissed military personnel, repentant insurgents and other hoodlums, who assemble there to conduct nefarious activities, the area had since been earmarked for closure by Borno State Government.
The April 24 raid, where the eight suspected repentant insurgents were arrested and 426 bottles of spirits such as dry gin confiscated, was conducted to sanitize the area, pending the final closure.
The arrested persons were detained at the Kasuwan Fara police division since the day of their arrest.
Subsequently, at about 7:40 am of Thursday, May 2, a dozen of the suspected repentant insurgents in military uniform, stormed the Kasuwan Fara police station in an attempt to rescue their arrested fellows.
The Divisional Police Officer alongside his men were able to repel the attack while the perpetrators fled.
Consequently, the assailants, in an apparent transfer of aggression, reverted to attacking NDLEA and NCS personnel checkpoint along the Maiduguri-Gubio road Kasuwan Fara, where they burnt down the checkpoints alongside the sandbags heaped on the road and fled the scene.
Borno Police Command spokesman, ASP Kenneth Daso, who confirmed the incident, said investigations are ongoing to apprehend the attackers, and the arrested eight suspects have been transferred to Anti-Crack Squad Div HQ for further action.
Suspected Repentant B’Haram Insurgents Burn NDLEA, NCS Checkpoints In Borno
FG Condemns Stabbing of 14 Years Old Nigerian Student in East London
By: Michael Mike
The Federal Government has condemned the killing of 14 years old Nigerian, Daniel Anjorin at school in Hainault, East London, United Kingdom.
Daniel Anjorin was stabbed to death even while dressed in his school uniform in Hainault, East London, on Tuesday by a man who went on rampage with knife leaving four others injured.
The Chairman/ CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri- Erewa while condoling with the family of the 14 years old Daniel Anjorin on his murder, in a statement by Head of Media, Abdur-Rahman Balogun, described the incident as very unfortunate, sad and gruesome
She condoled with the family of the deceased and the Nigerian communities in the United Kingdom (UK), praying for the repose of the soul of the deceased, whose life was cut short on Tuesday.
Dabiri-Erewa said she is optimistic that drastic measures will be used to make sure that the culprit who is already in police custody will be punished accordingly.
FG Condemns Stabbing of 14 Years Old Nigerian Student in East London
Vice Principal leads AI training for teachers in Northern Cross River
By: Michael Mike
Vice principal of Government Secondary school, Adagom, and Microsoft Certified Educator, Mike Udam, has taken the lead in introducing an Artificial Intelligence (AI) training programme for educators in Northern Cross River.
The programme aims to equip teachers with the necessary skills to effectively utilize AI tools in teaching and learning, receiving enthusiastic feedback and appreciation from its participants.
Driven by his fervor for advancing education through technology, Mr. Udam highlighted the transformative potential of AI in the classroom.
Through practical demonstrations and discussions, he showcased diverse AI applications, enlightening fellow teachers on the myriad possibilities AI offers in education.
In a statement, Mr. Udam articulated that his initiative stemmed from a desire to contribute positively to his colleagues’ professional growth.
“Empowering teachers with AI knowledge can greatly enhance educational quality and impact students’ lives,” he emphasized, underscoring his commitment to fostering educational excellence.
Attendees commended Mr. Udam for his dedication and forward-thinking approach, recognizing the training as a vital step in their professional development.
Many expressed gratitude, acknowledging the initiative’s role in bridging crucial gaps in their skill sets, while some remarked on the absence of similar governmental efforts.
The ripple effects of this AI training endeavor are anticipated to reverberate throughout Northern Cross River’s educational sphere, as teachers embrace innovative tools and methodologies to enrich student learning experiences.
Under Mr. Udam’s guidance, AI’s potential to revolutionize education in the region has been ignited, promising a brighter future for educators and learners alike.
Vice Principal leads AI training for teachers in Northern Cross River
Suspected Repentant B’Haram Insurgents Burn NDLEA, NCS Checkpoints In Borno
FG Condemns Stabbing of 14 Years Old Nigerian Student in East London
Vice Principal leads AI training for teachers in Northern Cross River
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
EYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
A History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
News2 months agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
News1 month agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
ACADEMICS2 months agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 months agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTHE PLIGHT OF FARIDA
-
Opinions3 months agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
-
Opinions1 month agoUMTH:…and the testimonies of patients and patient relations
-
National News2 months agoFraud and Mismanagement Rock INGO’s IDP Cash Assistance Effort in Bama
