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Nigeria, India partner to curb fake passports – Aregbesola

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The Federal Government has expressed its readiness to partner with the Indian Government on total eradication of fake Nigerian passports into India.

The Minister of Interior, Mr Rauf Aregbesola, said this in a statement issued by the Deputy Director of Press and Public Relations in the ministry, Mr Afonja Ajibola, on Sunday in Abuja.

According to him, Aregbesola made this known while receiving the Indian High Commissioner to Nigeria, Mr Gangadharan Balasubramanian, in Abuja.

The minister said that Nigeria would ever remain grateful to the Government and people of India for her support to Nigeria during the country’s anti-colonial struggle that led to independence.

Aregbesola pledged Nigeria’s full cooperation with India through its Immigration Service to put a stop to the activities of unscrupulous persons and syndicates engaging in fraudulent procurement of fake official Nigerian travelling documents to enter India illegally.

He called for closer collaboration between both governments through provision of useful information and intelligence reports that would assist in unmasking those involved to get them arrested to face the full weight of the law.

On some arrested mariners caught on a ship, accused of illegal activity, the minister said the federal governmet would prefer that the judicial process run its course.

“Eventhough I will try my best to see if the issue could still be handled on humanitarian ground,” said the minister.

He said that the federal govermment frowned at all illegalities and would not condone procurement of fake visas by individuals to gain false entry into another country.

Aregbesola, however, implored Balasubramanian for technical assistance through scholarships and professional courses/trainings as part of partnership co-operation.

This, Aregbesola said, would go a long way in enhancing the performance of its paramilitary agencies like the Nigeria Security and Civil Defense Corps (NSCDC), a civil protection corps that responds to emergencies.

He added that the NSCDC also play a complementary role to the Nigeria Police Force (NPF) in maintaining law and order in the country.

In his remarks, the high commissioner who commended the cordial relationship existing between both countries, promised to explore more areas of co-operation that would further strengthen the bilateral relationship between the duo.

Balasubramanian added that already, seven agencies of government, including the Nigeria Immigration Service (NIS), were currently undergoing relevant courses in India as demonstration of partnership support to Nigeria.

The Permanent Secretary in the ministry, Dr Shuaib Belgore, commended the high commissioner for his visit.

Belgore reiterated the commitment of the ministry towards achieving improved service and efficient service delivery through investment in capacity building for the ministry’s members of staff and its agencies.

 

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Tinubu approves take-off of N100bn consumer credit for Nigerians

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President Bola Tinubu has approved the commencement of the N100 billion Consumer Credit Scheme for Nigerians amid escalating economic hardship in the country.

Ajuri Ngelale, the President’s spokesperson, disclosed this in a statement on Wednesday.

He stated that interested Nigerians are expected to visit the portal of Nigerian Consumer Credit Corporation before May 15, 2024.

“Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, which are essential for ongoing stability and the pursuit of their aspirations.

“Individuals build credit histories through responsible repayment, unlocking more opportunities for a better life. The increased demand for goods and services also stimulates local industry and job creation.

“The President believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision.

“The Nigerian Consumer Credit Corporation (CREDICORP) achieves its mandate through the following: Strengthening Nigeria’s credit reporting systems and ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit, Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today and Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.

“In line with the President’s directive to expand consumer credit access to Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) has launched a portal for Nigerians to express interest in receiving consumer credit.

“This initiative, in collaboration with financial institutions and cooperatives nationwide, aims to broaden consumer credit availability.

“Working Nigerians interested in receiving consumer credit can visit www.credicorp.ng to express interest. The deadline is May 15, 2024.

“The scheme will be rolled out in phases, starting with members of the civil service and cascading to members of the public,” the statement said.

Recall that two months ago, a presidential spokesman, Bayo Onanuga, announced that the Federal Executive Council had given the nod for the establishment of the Consumer Credit Scheme.

He said the President’s Chief of Staff, Femi Gbajabiamila, will lead a committee that includes the Budget Minister, Attorney-General, and Coordinating Minister of the Economy and Finance to make the scheme a reality.

In March, the Chairman of the Federal Inland Revenue Service Chairman, Zacch Adedeji, said the Nigerian government would unveil its proposed N100 billion consumer credit loan in a few days.

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Nigerian Govt grounds Dana Air operations

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The Nigerian Government has suspended the operations of Dana Air.

The order followed an incident involving a Dana Air plane at Lagos airport on April 23, which forced aviation authorities to divert flights from local to international airport.

The decision was announced by Minister of Aviation, Festus Keyamo.

Details shortly…

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CBN disowns notice on cryptocurrency transactions

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The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news.

The Apex disclosed this via its official X account, urging the public to disregard the purported notice for all Deposits Money Bank, Non-Bank Financial Institutions, and other Financial Institutions.

The notice reminded “Institutions that dealing in cryptocurrencies and facilitating payments for cryptocurrency exchanges is prohibited”.

However, CBN said the content doesn’t originate from it.

“This information does not originate from the Central Bank of Nigeria.

“For authentic updates, please visit the official website,” CBN wrote.

Recall that the CBN governor, during the Bank’s 293rd Monetary Policy Committee meeting, said over $26 billion funnelled through Binance.

On Tuesday, the Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, said the anti-graft agency froze about 300 accounts to ensure the safety of the foreign exchange market.

The Nigerian government had continued clamping down on Binance and other cryptocurrency platforms amid efforts to defend the Naira in the foreign exchange market.

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