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NDIC Obtains Order To Wind Down 96 Microfinance, Mortgage Banks
By Kayode Sanni-Arewa
The Nigeria Deposit Insurance Corporation has said that it has obtained Winding up Orders for 96 out of 183 microfinance and primary mortgage banks whose licenses were revoked by the Central Bank of Nigeria in May 2023.
The Managing Director, NDIC, Bello Hassa, revealed this at a sensitisation seminar for Judges of the Federal High Court in Lagos on Thursday organised by the NDIC, to enlighten the judiciary on the intricacies of the banking industry.
Hassan said, “As at date, the Corporation had obtained Winding up Orders for 96 out of 183 Micro Finance and Primary Mortgage Banks whose licenses were revoked by the CBN in May 2023, in less than one Year of revocation.”
He added that the NDIC was committed to fulfilling its mandate of protecting depositors through bank supervision, failure resolution and liquidation so as to boost confidence in the financial system.
Speaking on the role that the judiciary plays in the fulfillment of the mandate, Hassan said, “We recognise the judiciary as one of our critical stakeholders. With this, when cases are brought before them, they can receive accelerated hearing and proclamation of Justice.”
Citing some of the achievements from previous editions of the seminar, Hassan said that instances where liquidation-related litigations experienced delays were reduced.
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Edo 2024: Govt Declares Friday Work-free Day
The Edo Government has declared Friday, Sept. 20, a work-free day to enable workers and others to travel to their voting areas ahead of the Saturday’s governorship election in the state.
A statement by Joseph Eboigbe, Secretary to the Edo State Government (SSG), reassured that security measures had been provided to ensure a free, fair, and credible election.
According to Eboigbe, it is hereby announced for the information of the general public that the Edo State Government has declared Friday, September 20, a work-free day.
“This is to enable workers and other electorates to travel to their voting areas ahead of the September 21 governorship election in the State.”
“Government wishes everyone to journey mercies and reassures that security measures have been provided to ensure a free, fair and credible election, ” he said.
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NAFDAC alerts Nigerians About fake Dettol soap
The National Agency for Food and Drugs Administration and Control has alerted Nigeria to the sale of a fake soap labelled as “Dettol Health Fresh Soap” in the market.
Ad revealed on NAFDAC’s website on Thursday, the manufacturer of Dettol Antiseptic products confirmed that the soap is fake as it does not have any product by the name “Dettol Health Fresh Soap.”
“The Marketing Authorization Holder and manufacturer (Reckitt Benckiser Nigeria Limited) of Dettol Antiseptic products, received a consumer complaint regarding the above-mentioned product. The product was reported to have caused skin irritation to the complainant.
“The MAH has confirmed that the product is fake as they do not have any product by the name “Dettol Health Fresh Soap”. Dettol Antiseptic products are widely used in Nigeria for household disinfection and personal hygiene to prevent illnesses from germs (bacterial infection),” it said.
It added that details of the complaint product were not provided by the complainant except for the name of the product “Dettol Health Fresh Soap.”
The agency noted that the illegal marketing of NAFDAC-regulated products or fake products poses a risk to people’s health, and since they do not comply with the regulatory provisions, the products’ safety, quality, and efficacy are not guaranteed.
It said all NAFDAC zonal directors and state coordinators have been directed to carry out surveillance and mop up the fake product if found within the zones and states.
“Importers, distributors, retailers, healthcare professionals, caregivers, and consumers are advised to exercise caution and vigilance within the supply chain to avoid the importation, distribution, sale, and use of the fake product. All medical products must be obtained from authorised/licensed suppliers. The products’ authenticity and physical condition should be carefully checked.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified medicines or medical products to the nearest NAFDAC office, NAFDAC on 0800-162-3322 or via email: [email protected].
“Similarly, healthcare professionals and patients are also encouraged to report adverse events or side effects related to the use of medicinal products or devices to the nearest NAFDAC office, or through the use of the E-reporting platforms available on the NAFDAC website www.nafdac.gov.ng or via the Med- safety application available for download on android and IOS stores or via e-mail on [email protected]
“Furthermore, note that this notice will be uploaded to the WHO Global Surveillance and Monitoring System,” it concluded.
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LP Crisis: Nobody Unseated You, The Constitution Did, Sheathe Your Sword — Obi Tells Abure
Peter Obi, the presidential candidate of the Labour Party in the 2023 elections has asked the party’s former Chairman, Julius Abure, to sheath his sword.
He urged him and others to join hands with the National Caretaker Committee to rebuild the party.
Obi, who was represented by Datti Baba-Ahmed, stated this at the inaugural meeting of the caretaker committee of the party held in Abuja on Tuesday night.
He stated categorically that nobody but the constitution of the party unseated former chairman Abure after the expiration of his tenure.
Obi said: “Listen, my friend, no governor unseated Abure, the constitution unseated him. Abure’s time elapsed. Nobody unseated him. As of today, Abure is our good friend and a loyal member. We want him back in the fold; we have roles for him to play.
“We didn’t have crisis. We managed a transition that was a bit bumpy and that was it. I tell you, no other political party of our size could do that in the time and manner that we did.
“We are a political party who went all the way to the Supreme Court claiming our 10 million votes. They were only able to give us six million votes. So we are a force to contend with in Africa. What we’ve done has never been done before. When PDP came, they had the military. We had nothing.”
Obi noted that the opposition party was ready to repeat and surpass the feat recorded during the 2023 elections in 2027 by producing a majority in the National Assembly and winning the presidential seat in 2027.
Earlier, the chairman of the Labour Party National Caretaker Committee, Senator Nenadi Usman, assured party members of the committee’s determination to rescue the party from the current challenges and restore and rebuild it as a veritable alternative platform for Nigerians.
She assured of the committee’s readiness to lead the party on the path of reconciliation within the short time of its assignment.
Usman stated: “We are on a rescue mission, not just for the Labour Party, but I tell you for our dear nation, Nigeria. The interest this committee has generated extends beyond party lines.
“The number of telephone calls I have received not just from Labour Party members, but people from other political parties who told me that if we get this thing right, we will walk together. So we have a huge task.
“Our party, by the grace of Almighty God, will become a platform for all disenfranchised and unhappy Nigerians. People who are not happy with the way things are going, we are going to be the platform for them by the grace of God. Therefore, we must view this as a significant national assignment.”
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