News
Wigwe’s Death : Access Bank Plc to name Acting CEO soon
Abubakar Jimoh, Chairman of Access Holdings Plc, says the organisation has begun moves to appoint acting Group Chief Executive Officer following the demise of Hebert Wigwe.
This is contained in a statement signed on Sunday by Mr Sunday Ekwochi, Group Company Secretary, Access Holdings, which confirmed the passing of Wigwe, along with his wife and son, in a helicopter crash in the U.S.
Jimoh said the decision to immediately name Wigwe’s replacement was in line with the company’s policy.
He expressed hope that “the Access Group will build further on Dr Wigwe’s legacy of growth and operational excellence.”
According to the Chairman of Access Holdings, “the Access Family has suffered a major loss with the passing of Dr Wigwe who was a great friend and fine gentleman.
“He had a prodigious intellect, admirable personal qualities, and vast business experience which he brought to bear on the Access Family and for which we owe him a debt of gratitude.”
The statement also conveyed Access Bank’s deep sadness over the death of Wigwe.
“It is with deep sadness that the Board of Directors of Access Holdings Plc (‘the Company’) announces the passing of Dr Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer and former Group Managing Director of its flagship subsidiary Access Bank Plc (‘the Bank’).
Dr Wigwe died alongside his wife and son on Friday, February 9, 2024 in a helicopter accident in the United States of America.
“The entire Access Family mourns the loss of Herbert, Doreen and Chizi. We extend our deep and sincere sympathies to his family and loved ones.
“Dr Wigwe was a key driving force and a larger-than-life personality who brought his remarkable passion, energy, and experience to the transformation of the Access franchise since joining the Bank in 2002,” he said.
News
Trump, Biden Shake Hands In White House, Vow Smooth Transfer
Donald Trump will make a triumphant return to the White House to meet President Joe Biden Wednesday, in the Republican’s first visit since departing under a torrent of scandal nearly four years ago.
Trump’s meeting with Biden comes as he moves swiftly to name his administration, including the world’s richest man Elon Musk as head of a new group aimed at slashing government spending.
Biden invited his sworn rival to meet in the Oval Office — despite the fact that 78-year-old Trump, who has consistently refused to admit his 2020 election loss, never afforded Biden the same courtesy.
Biden, 81, is expected to urge a smooth transition of power in the encounter at 11:00 am (1600 GMT) — and push for continued support for Ukraine.
“He believes in the norms. He believes in our institutions,” White House Press Secretary Karine Jean-Pierre said Tuesday when asked why Biden was inviting Trump.
“The American people deserve this. They deserve a peaceful transfer of power.”
However, in a break with protocol, Trump’s wife Melania “will not be attending today’s meeting at the White House,” her office said on X.
National Security Advisor Jake Sullivan said Biden would go over top foreign policy issues when he meets Trump — including US support for Ukraine against Russia, which Trump has indicated he will end.
The meeting may be a bitter pill to swallow for Biden, who branded Trump a threat to democracy.
The Republican leader of the House, Speaker Mike Johnson, said Trump may also visit the US Capitol, which a mob of his supporters stormed in 2021 to try to reverse his election loss.
Trump’s party looks set to take both chambers of Congress and consolidate his extraordinary comeback.
Tradition restored
Biden’s Oval Office invitation restores a presidential transition tradition that Trump tore up when he lost the 2020 election, refusing to sit down with Biden or even attend the inauguration.
Then-president Barack Obama had welcomed Trump to the White House when the tycoon won the 2016 election.
But by the time Trump took his last Marine One flight from the White House lawn on January 20, 2021, he had also been repudiated by many in his own party for having stoked the assault on the Capitol.
That period of disgrace soon evaporated, however, as Republicans returned to Trump’s side, recognizing his unique electoral power at the head of his right-wing movement.
Trump enters his second term with a near total grip on his party and the Democrats in disarray.
He has spent the week since the election at his Mar-a-Lago resort in Florida assembling his top team, as the world watches to see how closely he sticks to his pledges of isolationism, mass deportations and sweeping tariffs.
Trump named Space X, Tesla and X boss Musk, and another ally, businessman Vivek Ramaswamy, to lead a “Department of Government Efficiency (‘DOGE’)” — a tongue-in-cheek reference to an internet meme and cryptocurrency.
Musk’s out-sized influence within the Trump camp was underlined by multiple US media reports that the entrepreneur was accompanying the incoming president to his meetings with the Republican Party on Wednesday.
Trump is moving quickly to fill out his administration, picking a host of ultra-loyalists.
Trump nominated Fox News host and army veteran Pete Hegseth as his incoming defense secretary. An outspoken opponent of so-called “woke” ideology in the armed forces, Hegseth has little experience similar to managing the mammoth US military budget and bureaucracy.
Trump named South Dakota Governor Kristi Noem — an ally who famously wrote about shooting her dog because it did not respond to training — as head of the Department of Homeland Security.
Florida Senator Marco Rubio is tipped for secretary of state, US media reported, while Trump has also confirmed Congressman Mike Waltz, a former special forces officer, as his national security advisor.
John Ratcliffe, another figure who became prominent for defending Trump during his scandal-plagued first term, was named to head the CIA.
AFP
News
Umahi Frowns At Slow Pace Of Suleja-Minna Road Construction
The Minister of Works, David Umahi, has expressed sadness and disappointment over the slow pace and poor quality of the Suleja-Minna federal road construction, which has been ongoing for 14 years.
Despite reports of 84% completion, Umahi stated that the work executed does not match the reported progress.
Umahi’s comments came during a Town Hall Meeting and stakeholders’ engagement on the construction of the 1,068-kilometer Sokoto-Badagri superhighway in Minna, Niger State.
The minister emphasized the need for improved quality and speed in the project’s execution and added that all contractors handling federal government projects in Niger State will be invited for assessment.
The Minister had passed through the Suleja-Minna Road to attend the meeting and express disappointment over the snail pace of work.
In addition to addressing the Suleja-Minna Road project, Umahi announced that the Federal Government is redesigning the Kano-Abuja Expressway. The new design will feature the use of concrete, which is expected to increase the road’s lifespan to between 50 to 100 years.
Governor Umaru Bago praised the value addition captured along the corridor of the road, particularly the irrigation potentials that the proposed 68 dams will avail farmers in the State. He also declared support for the choice of concrete in road construction.
Other stakeholders at the event raised concerns over funding and completion time of the projects.
News
Bitcoin hits $90,000 for the first time as Trump backs crypto
Bitcoin reached a record high above $90,000 on Wednesday, as the world’s largest cryptocurrency gained from President-elect Donald Trump’s pledge to ease regulation on digital assets.
Bitcoin surged to a peak of $91,000 before settling at $90,670.
The volatile asset has soared since Trump’s US presidential election victory last week, repeatedly setting new records.
Trump had pledged during his campaign to make the United States the “Bitcoin and cryptocurrency capital of the world.”
His previous term included corporate tax cuts that boosted market liquidity, encouraging cryptocurrency investment.
In September, Trump announced he and his sons, along with entrepreneurs, would launch a digital currency platform called World Liberty Financial. However, its sales launch earlier this month was lacklustre, with only a fraction of tokens sold.
Cryptocurrencies have drawn global attention, marked by extreme volatility and the collapse of major industry players, including the FTX exchange.
In the lead-up to the election, Trump reportedly became the first former president to use Bitcoin in a transaction, buying burgers at a New York restaurant that hailed it as a “historic transaction.”
AFP
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