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YSU Organises Seminar on Islamic Financial System

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YSU Organises Seminar on Islamic Financial System

By: Our Reporter

Yobe State Government has been called to patronize the services of Sukuk as one of the Shari’a ways for initiating projects and other investments in the state.

The call was made by the Founder and CEO of Tiyoma Consulting in Islamic and Finance, KSA, Prof. Umar M. Idris, during a Seminar with the theme: “Prospects of Islamic System Towards Promoting Sustainable Economy in Muslim Society in Nigeria” organized by Centre for Research in Qur’anic Studies of Yobe State University.

Prof. Idris who dwelled on the topic; “Islamic Financial System as an Alternative of the Conventional Financial System in Nigeria” emphasized on the need for Hon. Mai Mala Buni led administration to benefit from Sukuk, stressing that is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law commonly known as Sharia.

Prof. Idris who served as the guest speaker during the seminar further explained that Sukuk facilities are structured based on the specific contract of exchange of the Shariah-compliant assets. Such contracts can be made through the purchase of an asset based on immediate, instamental or deferred payment, leasing of specific assets or participation in joint-venture businesses.

He then warned Muslims from making businesses or transactions that have any iota of interest which he said, Allah has prohibits.

Earlier in his remarks, the Vice-Chancellor of Yobe State University, Prof. Mala Mohammed Daura, has said the University will continue to support the Centre for Research in Qur’anic Studies of the University in carrying out researches.

The Vice-Chancellor who was represented by the Director SIWES of the University, Dr Ibrahim Umar, then commended the Director Centre for Research in Qur’anic Studies of the University, Dr Adam Mustapha Jatkawy, for organizing such a memorable and educative seminar.

In his vote of thanks, the Chairman Advisory Council of the Centre, Alhaji Lawan Abba Shettima, said the Centre will also organize a seminar which invite the Managing Director of Yobe Microfinance Bank, Dr Sheriff Muhammad Ibrahim, and other Managing Directors of commercial banks as well as some related financial institutions.

YSU Organises Seminar on Islamic Financial System

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Education

Billionaire Indimi inaugurated for a second term as Pro Chancellor of the Kashim Ibrahim University Maiduguri

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Billionaire Indimi inaugurated for a second term as Pro Chancellor of the Kashim Ibrahim University Maiduguri

By: Bodunrin Kayode

Nigerian Billionaire Dr Mohammed Indimi has been inaugurated for the second term as Pro Chancellor of the Borno State government owned Kashim Ibrahim University (KIU).

Indimi and his team were inaugurated monday by Governor Babagana Zulum to continue developing the state owned University which has grown massively since he took charge four years ago as pro chancellor.

Speaking after their inauguration, Zulum, tasked the Governing Council of the University to foster the culture of cutting-edge research, innovation and community development to address the challenges and opportunities of the post-insurgency recovery efforts.

The Governor noted that the inauguration is part of the broader effort to reposition the University as a beacon of knowledge, innovation and moral rectitude, not just for the North-East, but for Nigeria as a whole.

He stressed that the challenges before the new council was significant as the opportunities are myriad adding that “we task you with fostering a culture of rigorous research, innovative teaching and community-relevant curricula that addresses the unique challenges and opportunities of our post-insurgency recovery and development”.

Governor Zulum expressed delight that the student population alone had grown from a mere 300 in the beginning to about 10,000 in the last 6 years.

He charged the new council to prioritize the welfare of both staff and students and uphold the highest standards of academic excellence, transparency and prudent management of resources.

“You are now the legal custodians of this university’s destiny, entrusted with a sacred mandate to provide strategic direction, ensure financial prudence, uphold the highest standards of academic excellence and safeguard the welfare of both staff and students.

“This ceremony is a fulfilment of our administration’s unwavering commitment to strengthening the governance structures of all tertiary institutions in Borno State.

“It is pivotal to repositioning this University as a beacon of knowledge, innovation and moral rectitude, not just for the North-East, but Nigeria as a whole”.

“Section 1(1) (c) of the Third Schedule of the Kashim Ibrahim University Law, 2018, as amended, empowers me to constitute a Governing Council as the supreme governing body of the University charged with the general control and superintendence of the policy, finances and administration of the institution”.

“I offer my heartfelt congratulations to you all. Your selection was not by chance. It was a deliberate choice based on your proven integrity, vast experience and demonstrable passion for education and community development.

“In particular, I wish to address our Pro-Chancellor and Chairman of Council, Alhaji (Dr) Muhammadu Indimi. Your legendary philanthropy and unwavering support for education are well-known,” he concluded.

Responding, the Pro-Chancellor and Chairman of Council, Dr Muhammadu Indimi said he graciously accepted the appointment with the aim of serving his state and promised to provide positive change in the University.

“I accepted this position because I have to support my state. With my able lieutenants, we promise to provide positive change in the University,” Indimi assured.

Billionaire Indimi inaugurated for a second term as Pro Chancellor of the Kashim Ibrahim University Maiduguri

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Zulum Tasks University Council on Innovative Research for Post-Insurgency Recovery

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Zulum Tasks University Council on Innovative Research for Post-Insurgency Recovery

By: Our Reporter

Borno State Governor, Prof. Babagana Umara Zulum, has tasked the Governing Council of Kashim Ibrahim University to foster the culture of cutting-edge research, innovation and community development to address the challenges and opportunities of the post-insurgency recovery effort.

The governor gave the task on Monday while inaugurating the Pro-Chancellor and Chairman of Council, Dr Muhammadu Indimi and members of the Governing Council of the University at the Council Chamber of the Government House in Maiduguri.

He noted that the inauguration is part of the broader effort to reposition the University as a beacon of knowledge, innovation and moral rectitude, not just for the North-East, but for Nigeria as a whole.

“The challenges before you are as significant as the opportunities. We task you with fostering a culture of rigorous research, innovative teaching and community-relevant curricula that address the unique challenges and opportunities of our post-insurgency recovery and development,” Zulum stated.

Governor Zulum expressed delight that the student population has grown from 300 to about 10,000 in the last 6 years.

He charged them to prioritize the welfare of both staff and students and uphold the highest standards of academic excellence, transparency and prudent management of resources.

“You are now the legal custodians of this university’s destiny, entrusted with a sacred mandate to provide strategic direction, ensure financial prudence, uphold the highest standards of academic excellence and safeguard the welfare of both staff and students,” He stressed.

“This ceremony is a fulfilment of our administration’s unwavering commitment to strengthening the governance structures of all tertiary institutions in Borno State. It is pivotal to repositioning this University as a beacon of knowledge, innovation and moral rectitude, not just for the North-East, but Nigeria as a whole”.

Governor Zulum remarked that his administration is making unprecedented investments in education, constructed 139 new mega schools, rehabilitated many others and recruited thousands of teachers. “We are establishing six centres of excellence and have banned political thuggery to redirect the energies of our youth towards scholarly and vocational pursuits”.

“Section 1(1) (c) of the Third Schedule of the Kashim Ibrahim University Law, 2018, as amended, empowers me to constitute a Governing Council as the supreme governing body of the University charged with the general control and superintendence of the policy, finances and administration of the institution”.

He congratulated the Chairman and members of the Council for their commitment, integrity and passion for the advancement of the institution.

“I offer my heartfelt congratulations to you all. Your selection was not by chance. It was a deliberate choice based on your proven integrity, vast experience and demonstrable passion for education and community development. In particular, I wish to address our Pro-Chancellor and Chairman of Council, Alhaji (Dr) Muhammadu Indimi. Your legendary philanthropy and unwavering support for education are well-known,” he concluded.

Responding, the Pro-Chancellor and Chairman of Council, Dr Muhammadu Indimi said he graciously accepted the appointment with the aim of serving his state and promised to provide positive change in the university.

“I accepted this position because I have to support my state. With my able lieutenants, we promise to provide positive change in the university,” Indimi assured.

Zulum Tasks University Council on Innovative Research for Post-Insurgency Recovery

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Education

Final year student dies during abortion in Lokoja

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Final year student dies during abortion in Lokoja

By: Zagazola Makama

A final year student of the Kogi State Polytechnic, Lokoja, has died during an abortion procedure in a private clinic.

Zagazola learnt incident occurred on Aug. 26 at Al-Hassan Clinic and Maternity, Sarkin Noma, Lokoja.

The deceased, identified as Omotosho Dorcas, 26, was six months pregnant and had gone to the clinic for termination of the pregnancy.

“In the process of the abortion, she bled to death,” said sources.

The sources said police detectives visited the scene, took photographs, and evacuated the corpse to the Federal Medical Centre, Lokoja, for preservation.

The sources added that the suspect behind the procedure has been arrested, while the case would be transferred to the State Criminal Investigation Department (SCID) for further investigation.

Final year student dies during abortion in Lokoja

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