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VP Osinbajo Says N-Power To Boost Education

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VP Osinbajo Says N-Power To Boost Education

Nigeria’s Vice President, Professor Yemi Osinbajo, says the federal government’s N-Power employment and training program provides a technology platform to boost education.

Osinbajo stated this at the University of Ibadan where he represented President Muhammadu Buhari as the visitor to the institution at the university’s 2018 convocation and 70th foundation day ceremonies.

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Osinbajo said the current gap in educational attainment in the country has made it clear that Nigeria had to change both the substance of education the children receive and the methods by which they are taught.

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The Vice President stressed that none of the world’s leading universities depend wholly or even substantially on government funding, adding that all have evolved innovative financing and investment means to meet their funding needs and become financially sustainable.

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Nigerian News

CCT Declines To Suspend Onnoghen’s Trial

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CCT Declines To Suspend Onnoghen's Trial

The Code of Conduct Tribunal, CCT, in Abuja, has declined to suspend further proceedings in the criminal charge against the Chief Justice of Nigeria, Justice Walter Onnoghen.

The tribunal, said in a two-to-one decision, it would go ahead to hear the application the CJN filed to challenge its jurisdiction to try him on the six-count charge entered by the federal government that bordered on his alleged refusal to declare his assets.

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There was a sharp disagreement between the chairman of the tribunal,  Danladi Umar and another member of the panel, William Agwadza Atedze, on the legal propriety of going ahead with trial, despite four separate interim injunctions, restraining all the parties from taking further steps in the matter, pending the determination of suits before different high courts and the National Industrial Court, NIC.

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Umar says the tribunal is not constitutionally bound by orders from both the high court and the NIC

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Nigerian News

House Of Reps Summons 21 Mgt. Staff Of PenCom Over Pension Fund

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House Of Reps Summons 21 Mgt. Staff Of PenCom Over Pension Fund

Still in the house, top management staff of the National Pension Commission and 21 pension funds administrators have been asked to appear before the House of Representatives on Thursday.

An ad hoc committee issued the summons on Tuesday as part of its investigation of the alleged sharp practices by pension administrators and custodians.

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The committee invited the acting director-general, PenCom, Aisha Dahir-Umar, and other top executives of the commission, the pension administrators and custodians mandated with the management of pension funds.

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The committee is demanding information on the net assets of the contributory pension funds, details of supervisors and regulators of pension funds administrators and their key instructions and performances, compliances and defaults, details of payment into treasury single account, as well as bank accounts operated by the commission.

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Business News

Shell, Total Shut Down Four GenCos Over Debts

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Shell, Total Shut Down Four GenCos Over Debts

Four Gas Generating Companies (GenCos) have shut down production as a result of their failure to pay gas debts owed Shell Petroleum Development Company (SPDC) and total, as well as their inability to access fresh loans for gas.

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Some of the GenCos have now resorted to securing credit facilities from commercial banks to sustain their production.

 

The executive secretary, Association of Power Generation Companies (APGC), Joy Ogaji said the power plants shutdown production because of lack of access to take loans.

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Ogaji says the 700 billion naira power assurance guarantee, which the federal executive council approved for the companies in the first quarter of 2017, has been exhausted.

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But there are hopes that the federal government would make the Electricity Distribution Companies (DISCOS) pay at least 80 per cent of their invoices.

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