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Lawmaker urges Tinubu to consider S’west states for NDDC leadership positions
Donald Ojogo, the representative of Ilaje/Ese-Odo Federal Constituency in the House of Representatives, has issued a call to President Bola Tinubu, urging him to take immediate action to address the long-standing issue of the South West’s marginalization in appointments to the Governing Board of the Niger Delta Development Commission (NDDC).
He emphasised that the continued exclusion of the South West region, particularly Ondo State, only reinforces the perception that leadership positions within the NDDC, notably that of the Managing Director, are exclusively reserved for the South-South states.
In a letter directed to the President, Ojogo, who previously served as the Information Commissioner of Ondo State, characterised the situation as both disdainful and repugnant.
In reference to Section 12(1) of the Niger Delta Development Commission (NDDC) (Establishment, etc.) Act, 2000, the lawmaker drew attention to the provision that mandates the rotation of the positions of Managing Director and two Executive Directors among member states.
Ojogo, in his call to President Tinubu, urged him to take decisive action in ensuring strict adherence to this provision, underscoring the principles of fairness and equitable representation.
He urged careful consideration of the content and essence of the NDDC Act by appointing a qualified individual from Ilaje/Ese-Odo Federal Constituency in Ondo State as the next Managing Director of the NDDC.
“The South West, whose representation Providence has naturally placed on Ondo State, is the Fifth in the production quota. Ondo State, therefore, ought to have been considered for the position of MD even in the last Governing Board of the NDDC that has just been dissolved.
“In considering appointments into other positions such as Executive Director(s) and State Representative on the NDDC’s Governing Board, only indigenes of the oil-producing area should be appointed.
“The appointment of the last Executive Director (Projects) of the NDDC, Mr. Ogunmola, an indigene of Owo Local Government Area from Ondo North Senatorial District, was in flagrant breach of the NDDC Act, 2000, even as amended,” Ojogo said in the letter.
News
How Palmpay overcame trust deficit in 12 months- MD Nwosu
Nigerians’ trust in Palmpay, a Central Bank of Nigeria’s fintech licensed bank, has grown tremendously in the last 12 months.
The Managing Director of Palmpay Nigeria, Chika Nwosu, disclosed this recently when he appeared on Channels TV Business Roundtable.
Recall that the CBN recently restricted Palmpay and four fintech banks from onboarding new customers.
However, Nwosu gave insights into regulatory concerns surrounding the FinTech ecosystem and said that Palmpay has come to stay within Nigeria’s banking sector.
“Whatever happens with regulation is for the good of the FinTech space in Nigeria. Initially, when we started, there was an issue of trust. However, I can tell you now that the last 1 year after the cashless policy has seen the trust start to grow”.
The Managing Director emphasized PalmPay’s unwavering support for regulators in regulating the FinTech ecosystem, underscoring that regulators want to improve the services of strong players in the FinTech space, such as PalmPay.
On the ease of doing business and how it affects PalmPay, he said:
“Doing business in Nigeria for us is difficult, but Nigerians are embracing our App and digital payment”.
When asked about the problem of failed transfers, he stressed,
“Every institution has its business strategy and infrastructure. For us and most fintechs, we have a structure that makes transactions seamless”.
Regarding the regulator’s recent onboarding policy, he stated that PalmPay agreed with the regulators on some grey areas that must be addressed.
Reassuring customers that there was no issue with using PalmPay, he emphasized, “If PalmPay completes their own today, we will start onboarding today”.
On the issue of trust and the security of the PalmPay app, he said,
“There is no day you won’t see on our app boldly written that we are licensed by the Central Bank of Nigeria (CBN) and our deposits are insured by the Nigeria Deposits Insurance Corporation (NDIC). PalmPay is here to stay”.
News
Mushin LG Chairman flags off construction of Yusuf Street road, promises solar lighting
The Mushin Local Government Chairman, Hon. Emmanuel Bamigboye on Wednesday flagged off the construction of Yusuf Street road in Papa Ajao.
The project is expected to bring relief to residents and traders in the area and is set to be completed within six months.
According to Bamigboye, the project is a fulfillment of his campaign promise to the people of Mushin, and he expressed gratitude to God for the opportunity to execute the project.
He urged residents to cooperate with the contractor and the local government to ensure the successful completion of the project.
The councillor representing the ward, Ayomide Abioye, expressed his joy and appreciation for the project, stating that it is the longest street in Papa Ajao and will bring immense benefit to the community.
Also, the Baba Oloja of Ladipo International Market, Eze Monday, also commended the Executive Chairman for the project, stating that it will make a significant impact on the development of the area.
The project includes the construction of the road and the installation of solar lighting, which is expected to enhance security and facilitate economic activities in the area.
Residents and traders in the area have been warned not to disturb the contractor or disrupt the project in any way.
Meanwhile, the traders applauded Hon. Bamigboye for demonstrating its commitment to infrastructural development and the welfare of its citizens.
News
Giving back to community — Prof Oyedokun speaks on motives
Lead Facilitator Professor of Accounting & Financial Development Founder OGE, Prof. Godwin Emmanuel Oyedokun, has disclosed that giving back to society community is his motive for pursuing his career.
He made the disclosure in an article titled “My motive for running a free professional diploma course in Forensic Accounting and Fraud Investigation is of several folds.”
He said, “Running a free professional diploma course in forensic accounting and fraud investigation is also motivated by my desire to give back to the community.
“By sharing my expertise and knowledge without any financial barriers, I am helping individuals from diverse backgrounds and financial situations to acquire valuable skills and advance their careers.”
The academic reiterated that the motive for running a free professional diploma course in forensic accounting and fraud investigation is centred around education, skill development, community service, and professional growth.
It is a way to contribute to the accounting profession, address a skill gap, and empower individuals in their pursuit of knowledge and career advancement.
According to him, “Promoting Education and Professional Development to contribute to the growth and development of the accounting profession by providing individuals with an opportunity to enhance their knowledge and skills in the specialised field of forensic accounting and fraud investigation.
“By offering this free course, i am enabling aspiring professionals to access valuable education that might otherwise be costly or inaccessible.”
The Don addressing the need for expertise in Forensic Accounting said, “In recent years, there has been an increasing demand for professionals skilled in forensic accounting and fraud investigation due to the rise in financial crimes and fraudulent activities. By offering this free course, I am helping to address this skill gap and aiding in the fight against financial fraud.”
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