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Medical Debt: New Jersey-Based Mega Church Pays Off $13.7 Million

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New Jersey-based megachurch Liquid Church has helped to pay off $13.7 million in medical debt for approximately 3,800 people and families, despite experiencing financial decline.

Liquid Church helped paid the debt in collaboration with the New York-based nonprofit RIP Medical Debt.

Lead pastor and founder of Liquid Church, Tim Lucas, said in a statement that while investigating the crisis of medical debt, we learned how it’s destroying the financial stability of families in our communities.

The medical debt relief comes when many churches, including Liquid, are experiencing financial challenges due to the coronavirus pandemic and subsequent lockdown orders.

Liquid shifted to exclusively online services, family programming, and small groups in March of last year, eventually adding smaller in-person services last fall.

Soil testing: Lagos closes Yaba overpass for 3 weeks

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In line with the Lagos State Government Multimodal Master Plan transport system, with reference to the Red Line rail system, the Yaba Overpass will be closed temporarily from Tuesday 9th, to Tuesday 23rd February, 2021, (3 weeks).

According to a Statement signed by the Commissioner for Transportation, Dr. Frederic Oladeinde, the lane closure was necessary to commence soil testing along Muritala Mohammed Way, Ojuelegba Road (Tejuosho) as part of the Traffic Management Plan to actualize the LRMT Red line phase 1, Oyingbo to Agbado.

Motorists are advised to utilize the main carriageway during the temporary closure.

The Transport Commissioner assured that Traffic Management personnel will be on ground to direct traffic to minimize inconveniences.

The Ministry implores residents of the State, especially motorists that ply these corridors to stay calm and cooperate with the interventions put in place to bring lasting solutions to transportation challenges in the State.

Uganda’s Supreme Court Dismisses Bobi’s Application to Amend Petition

The Supreme Court in Uganda has dismissed an application by National Unity Platform (NUP) presidential candidate Robert Kyagulanyi alias Bobi Wine to amend his election petition challenging President Museveni’s victory.

The musician turned politician through his lawyers led by Mr Medard Ssegona had asked court to amend the petition to allow more evidence on grounds that after the presidential elections on January 14, he (Kyagulanyi) was placed under house arrest which subjected him to post election detention trauma that hindered him from putting together all the evidence he had for his petition in the stipulated time (15 days).

Mr Kyagulanyi had presented 15 new electoral offences in the application.

However, a panel of nine Justices led by the Chief Justice Alfonse Owiny-Dollo dismissed Mr Kyagulanyi’s application on grounds that the matters brought challenging the legality of Museveni election are new and were filed out of time.
The judges unanimously ordered Kyagulanyi through his lawyers to present evidence to prove their case.

FG reveals Plans to replace BVN with NIN

The Minister of Communications, Isa Pantami has revealed the Federal Government plans to replace the Bank Verification Number, BVN, with the National Identity Number, NIN.

Pantai said the plan is in collaboration with the Central Bank of Nigeria, CBN.

He disclosed this when he led a delegation of chief executive officers on a visit to Mobile Network Operators (MNOs) and a private enrolling centre in Abuja.

He said “BVN is a policy of a bank and has not been established by law. The NIMC Act 2007 provides that all our citizens must enroll and the law gives them 60 days to enroll from the time the law was enacted and a maximum of 180 days.

“All permanent residents in the country and legal residents that have to stay here for a minimum of 24 months must enroll so that the primary identification of all and all other databases are supposed to utilise this and not for NIN to utilise the BVN because it is the primary one.

Read Also: Lagos state faces environmental degradation from Fiber cable installations

“Some of the challenges encountered, NIMC produced the template for registering citizens in passport, BVN and others but some institutions did not comply with the requirements. Even in biometrics, some will just take four, some two, so you cannot harmonise without upgrading and integrating the system.”

Commercial activities resume at UNIBEN after long break

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Commercial activities have resumed at the University of Benin, Ugbowo campus, after about a year of non-academic activities due to strike action and COVID-19 pandemic-induced closure.

The News Agency of Nigeria correspondent, who monitored activities in various locations at the campus on Tuesday, reports that restaurants, salons, printing and photocopy shops were opened for business.

NAN also observed that the internal and external school shuttle services were busy conveying students within and outside the school.

Students were also spotted printing and photocopying lecture materials at the different computer shops located inside the school premises.

Some of the business operators who spoke with NAN in separate interviews expressed their excitement over the school resumption.

Speaking to NAN, Doris Omoba, a computer operator whose business center is in the school premises said she opened her shop for business due to high demand for printing and photocopying work from returning students.

Digital rights lawyers sue CBN, SEC over cryptocurrency prohibition

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A civil society organisation, the Digital Rights Lawyers Initiative, has dragged the Central Bank of Nigeria and Securities and Exchange Commission to court over the recent action of the apex bank that Deposit Money Banks should desist from transacting in and with entities dealing in cryptocurrencies.

In Suit No. FHC/L/CS/ 188/2021 filed on Monday, February 8, 2021 at the Federal High Court in Lagos, the group said the CBN, which is the first defendant, lacked the power to restrict financial institutions from dealing in cryptocurrency transactions.

The digital rights lawyers argued that the second defendant, SEC, had in a circular dated September 14, 2020, declared cryptocurrencies as legal digital assets “protected under section 44 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended)”.

The lawyers, therefore, asked the court to validate the Investments and Securities Act 2007, which made SEC the apex regulatory body of the Nigerian capital market.

They also prayed the court to declare the CBN action as “ultra vires, unconstitutional, null and void” while also seeking a “perpetual injunction restraining the 1st defendant from regulating and/or further regulating virtual currencies/ crypto currencies in Nigeria.”

The suit, which has not yet been assigned to any judge, was filed on behalf of the group by its counsel, Irene Chukwukelu.

Investors Take Tesla’s Move As Signal For Mainstream Financial Asset

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Bitcoin has hit record highs for a second day after Elon Musk’s car company Tesla said it had bought about $1.5bn (£1.1bn) of the cryptocurrency.

Some investors took Tesla’s move as a signal that Bitcoin would become a mainstream financial asset.

Bitcoin rose above $48,000 before falling back, but it remains about 25% higher than a week ago.

However, there was some criticism about a green car firm investing in such an energy intensive currency.

According to analysis from the University of Cambridge, Bitcoin currently uses more energy than Argentina every year.

Production of the cryptocurrency, known as “Bitcoin mining”, needs energy-hungry computer hardware and ever-greater amounts of processing power.

Gang Leader Of Kankara Schoolboys Abduction ‘Surrenders’

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Auwalun Daudawa, the man identified as the gang leader behind the kidnapping of hundreds of Government Science Secondary School, Kankara, Katsina state has surrendered to authorities in an amnesty deal. AFP reports.

Auwalun Daudawa was said to have led dozens of gunmen who snatched students from their school hostels in the town of Kankara in a crime that sparked global outrage and highlighted growing instability in the country.

The abductions happened when President Muhammadu Buhari was visiting his home state of Katsina. Some students managed to escape and officials said around 340 were freed days later after negotiations.

Daudawa surrendered to local officials on Monday with six of his gang members, the local government spokesman said in a statement.

Daudawa and his comrades surrendered 20 Kalashnikovs and other weapons.

Northwest Nigeria has been terrorised by criminal gangs who raid villages, stealing cattle, kidnapping for ransom and burning homes after looting supplies.

Nineteen people were killed at the weekend when armed men raided two villages in Kaduna state.

The gangs also attack travellers at bogus checkpoints on the highway and abduct them. Hostages are usually released after ransom payment.

Most of the Kankara children were released after days in captivity following negotiations between the abductors and officials of Zamfara and Katsina states.

COVID-19: African finance ministers seek extra $500bn

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African finance ministers have called for $500 billion in Special Drawing Right and an extension in the Debt Service Suspension Initiative to respond to the COVID-19 pandemic.

The call was made during a virtual meeting convened by the Economic Commission for Africa (ECA) and International Monetary Fund (IMF) on February 6, according to a statement by the ECA on Tuesday.

According to an IMF Factsheet, the SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.

So far, SDR 204.2 billion, equivalent to about $281 billion, has been allocated to members.

The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

Also, according to the World Bank, the DSSI is an initiative by the bank and the IMF urging the Group of 20 (G20) to help countries concentrate their resources on fighting the pandemic and safeguarding the lives and livelihoods of people.

The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union.

The initiative took effect on May 1, 2020 and has delivered about $5 billion in relief to more than 40 eligible countries.

In all, 73 countries are eligible for a temporary suspension of debt-service payments owed to their official bilateral creditors.

Serena continues Slam record bid, Djokovic gears up for Tiafoe test

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Serena Williams will hope to move a step closer to a record-equalling 24th major when she meets Serbia’s Nina Stojanovic, while Novak Djokovic’s Australian Open title defence faces its first real test against Frances Tiafoe in the second round on Wednesday.

American Williams has been stuck on 23 majors since triumphing at Melbourne Park in 2017, losing four Grand Slam finals since to remain one short of Margaret Court’s record.

But the 39-year-old was at her vintage best in her 6-1 6-1 drubbing of Laura Siegemund in the opening round and will hope to make quick work of world number 99 Stojanovic.

In the men’s draw, world number one Djokovic will continue his bid for a record-extending ninth Australian Open title and 18th Grand Slam crown.

The Serbian looked very much at home on the distinctive blue surface in his 6-3 6-1 6-2 victory over Jeremy Chardy in the first round but 2019 Australian Open quarter-finalist Tiafoe is set to pose a much sterner test.