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Nigeria’s minister says FG saves N45bn monthly through TSA

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Nigeria on Tuesday signed a Memorandum of Understanding with The Gambia to avail the foreign nation Nigeria’s vast knowledge, experience and technical expertise on the implementation of the Treasury Single Account.

Minister of Finance, Budget and National Planning, Zainab Ahmed, who signed on behalf of Nigeria in Abuja, said the MoU was based on the recommendation of the International Monetary Fund.

She also told her guests that Nigeria was saving about N45bn monthly through the implementation of the TSA, adding that The Gambia had in 2019 requested for technical cooperation with Nigeria to support its own transition to TSA.

In her remarks at the MoU signing ceremony, the minister further stated that Nigeria would export other Public Financial Management reforms to The Gambia.

On the benefits of TSA implementation in Nigeria, Ahmed stated that it had helped the Federal Government to make monthly savings that run in several billions of naira.

Speaking for her team, the Permanent Secretary, Ministry of Finance, The Gambia, Ada Gaye, said the visit to Nigeria had helped them to understand the workings of the TSA, adding that her country would adopt the initiative in managing its finances.

Amazing Health Benefits of Walking

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One of the most powerful ways to lose weight, stay healthy, and live longer is by walking. The key is to strut for, ideally, at least 30 minutes a day. And whether you decide to lace up your sneakers and walk to work, pair up with a friend, or join a hiking club, walking can do everything from lowering your blood pressure and reducing your risk of chronic diseases to making your brain sharper and your heart happier.

Here’s what else you can expect when you start walking for just a half-hour every day;

1. Walking will improve your mood.

Research shows that regular walking actually modifies your nervous system so much that you’ll experience a decrease in anger and hostility.

2. It will help you burn calories and lose weight.

As you continue to walk, you may notice your pants begin to fit more loosely around your midsection, even if the number on the scale isn’t moving much. That’s because regular walking can help improve your body’s response to insulin, which can help reduce belly fat.

3. Walking can reduce your risk of chronic disease.

The statistics are impressive: The American Diabetes Association says walking lowers your blood sugar levels and your overall risk for diabetes. Researchers at the University of Boulder Colorado and the University of Tennessee found that regular walking lowered blood pressure by as much as 11 points and may reduce the risk of stroke by 20 to 40%. One of the most cited studies on walking and health, published in The New England Journal of Medicine, found that those who walked enough to meet physical activity guidelines had a 30% lower risk of cardiovascular disease, compared with those who did not walk regularly.

4. Your digestion will improve by walking more.

If you currently praise coffee for keeping your digestive system going strong, get ready to start thanking your morning walk instead. That’s because a regular walking routine can greatly improve your bowel movements. One of the very first things an abdominal surgery patient is required to do is to walk because it utilizes core and abdominal muscles, encouraging movement in our GI system.

5. And it can help alleviate joint pain.

Contrary to what you might think, pounding pavement can help improve your range of motion and mobility because walking increases blood flow to tense areas and helps strengthen the muscles surrounding your joints. In fact, research shows that walking for at least 10 minutes a day—or about an hour every week—can stave off disability and arthritis pain in older adults.

6. Walking more can boost your immunity.

It turns out that putting one foot in front of the other could help reduce your risk for disease and promote longevity. Research from Arthritis Research & Therapy suggests that high-intensity interval walk training can help improve immune function in older adults with rheumatoid arthritis, an inflammatory disease that affects the joints.

7. It can even help you live longer!

Ever wonder how people from Blue Zones are able to live to 100? Their secret to a longer and healthier life involves walking and getting outside. A study in the Journal of the American Geriatrics Society showed that adults between the ages of 70 and 90 who left the house and were physically active lived longer than those who didn’t. Staying active also helps you stay connected to loved ones and friends who can provide emotional support, which is especially important as you age.

iPhone battery complaints: Apple to pay $113m in settlements to US states

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Apple has agreed to pay $113 million to settle litigation with more than 30 US states over its slowdown in performance of older iPhones to manage battery power.

The latest “batterygate” settlement will divide the settlement among California and 33 other states, according to a statement by state Attorney General Xavier Becerra.

The settlement resolves complaints that the tech giant made misrepresentations about iPhone batteries and software updates that throttled processing performance to manage insufficient battery power, according to the state official.

“Apple withheld information about their batteries that slowed down iPhone performance, all while passing it off as an update,” said Becerra.

“This type of behavior hurts the pockets of consumers and limits their ability to make informed purchases. Today’s settlement ensures consumers will have access to the information they need to make a well-informed decision when purchasing and using Apple products.”

The settlement resolves complaints about Apple’s iPhone 6 and 7 generation phones which according to the states’ complaint were susceptible to performance loss.

Apple had no immediate comment on the matter.

In the court documents, the iPhone maker said it agreed to the payout “solely for the purposes of settlement,” without any admission of wrongdoing.

Earlier this year Apple agreed to pay up to $500 million to settle a class-action lawsuit over the same issue.

In December 2017, Apple admitted that iOS software was tweaked to slow performance of older iPhones whose battery life was deteriorating to prevent handsets from spontaneously shutting down.

Critics accused Apple of surreptitiously forcing users to buy phones sooner than necessary, and the outcry forced Apple to upgrade its software and offer steep discounts on battery replacements.

Apple also settled a case with France’s consumer watchdog to pay 25 million euros ($27.4 million) in a related case.

French prosecutors opened an inquiry in January 2018 at the request of the Halt Planned Obsolescence (HOP) association.

Google set to integrate bank accounts in payments app

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Are we about to have a Google bank account?

The internet giant, on Wednesday, said it would be partnering with commercial banks and credit unions starting next year to allow users to manage mobile-based accounts through the Google Pay platform, in the latest move by tech giants into consumer finance.

“People do almost everything on their phones today, but for many, the way they save, pay and engage with their bank has remained unchanged,” said Caesar Sengupta, vice president of Google Payments.

“That’s why we’re working with trusted financial institutions to create Plex, a new mobile-first bank account integrated into Google Pay.”

The Plex Accounts for US consumers will be offered with no monthly fees, overdraft charges or minimum balance requirements, according to Google, which said 11 banks and credit unions were participating.

Google at the same time said it was updating its Google Pay app to help users better organize payments to people and businesses.

“Instead of showing a stack of cards or a long list of transactions, the new Google Pay app focuses on the friends and businesses you transact with most frequently,” Sengupta said.

The initiative comes with tech giants moving deeper into personal finance with person-to-person payments and co-branded credit cards

Apple recently launched its own branded credit card with Goldman Sachs which integrates into its Apple Pay application. Amazon, which has its own branded credit card, has discussed offering its own checking accounts but has not followed through with the plan.

N69.4bn Debt: AMCON Takes Over Jimoh Ibrahim’s Assets

The Asset Management Corporation of Nigeria (AMCON) has taken over 12 “prime assets” belonging to the Chairman of Global Fleet Group, Jimoh Ibrahim, and had his accounts frozen over a N69.4 billion debt.

This followed an order by Justice R.M. Aikawa of the Federal High Court in Lagos, according to a statement by the Head of Corporate Communication at AMCON, Jude Nwauzor.

Based on the order of the court, AMCON took possession of top properties belonging to the businessman on Wednesday, through its debt recovery agent – Pinheiro Legal Partners.

Nwauzor said AMCON took over all the assets listed by the court and scattered around Abuja and Lagos on Wednesday with the help of court bailiffs and officers and men of the Nigerian police as mandated by the court.

The properties include the NICON Investment Limited building at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at Plot 557, Port-Harcourt Crescent, off Gimbiya Street, Abuja; and the NICON Lekki Limited building at No. 5, Customs Street, Lagos.

Others are Abuja International Hotels Limited building located at No. 3, Hospital Road, Lagos; another property at Plot 242, Muhammadu Buhari Way, Abuja; the former Allied Bank building on Mile 2, Oshodi Express Way, Apapa Road, Lagos; Energy House located on No. 94, Awolowo Road, Ikoyi, Lagos; NICON Building at No. 40, Madeira Street, Maitama, Abuja; a Residential Apartment at Road 2, House A14, Victoria Garden City, Lagos; NICON Hotels building at Plot 3, Road 3, Victoria Garden City, Lagos; as well as the NICON Luxury Hotel’s building, Garki I, FCT, Abuja.

Apart from the buildings, the court also ordered the freezing of all accounts belonging to Barrister Jimoh Ibrahim and his companies including Global Fleet Oil & Gas Limited and NICON Investment Limited all of who are defendants in Suit No. FHL/L/CL/776/2016 presided over by Justice Aikawa on Wednesday, November 4, 2020.

In addition, the court granted AMCON possession over all shares belonging to Ibrahim and his two companies that are domiciled in Nigerian Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited (NSL), and NICON Trustees Limited.

Nwauzor said the assets were taken over without incident.

Ghana 2020 Elections: AU, ECOWAS Seek Violence-Free Polls

The African Union and the Economic Community of West African joint mission have tasked the Ghanaian authorities to ensure violence-free elections on December 7.

The mission also urged the Electoral Commission to ensure strict adherence to the COVID-19 protocols.

The joint mission led by the President of the ECOWAS Commission, Jean Kassi Brou, was in Ghana between November 15 and 17, 2020, in line with the ECOWAS Supplementary Protocol on Democracy and Good Governance and the 2002 OAU/AU Declaration on the Principles Governing Democratic Elections in Africa.

The mission, according to a statement by the ECOWAS Commission on Wednesday, took note of the progress and assurances by the Ghananian electoral commission on the level of preparedness towards the elections.

It said, “The mission urged the authorities to take all necessary measures to ensure violence-free elections, and expressed satisfaction on the passing of the vigilantism and related offence Act, 2019, by the parliament of Ghana, and the signing of the code of conduct on the eradication of political vigilantism in Ghana, under the auspices of the national peace council.”

The statement titled, ‘Joint high-level pre-election mission of ECOWAS and African Union to Ghana,’ further noted that the mission commended the authorities for the security measures put in place to ensure a peaceful conduct of elections, and further encouraged all stakeholders to resort to the use of dialogue as a mechanism to address all difference and disputes on issues relating to the elections.

The joint mission also charged the electoral body to work towards the conduct of credible, free, fair and transparent elections.

It urged the electoral commission to continue working closely with all stakeholders for an inclusive process.

Bayelsa State Election: Obaseki Hails Supreme Court Verdict Affirming Diri’s Victory

Edo State Governor, Godwin Obaseki, has commended the latest Supreme Court verdict on the election of Bayelsa State Governor, Douye Diri, and the deputy governor, Lawrence Ewhrudjakpo.

The governor, in a statement, described the ruling as “a victory for democracy”.

He said, “The verdict is a victory for democracy. The Supreme Court has upheld the wishes of Bayelsans.”

The governor, who said the ruling has put paid to issues surrounding the election, noted that Diri is now free from any entanglement to deliver on his promises to Bayelsa people in line with the manifesto of the Peoples Democratic Party in the state.

“While it was necessary for the law to run its course, there was no denying that the legal battle may have stalled some critical projects. With the ruling, we are confident that Bayelsa people would now enjoy the full benefits of the Governor Douye-led PDP government in the state,” he said.

The governor added, “I also commend the Supreme Court on the verdict, which restores stability to the government and puts the state on the path of progress. Bayelsans would be better for it in the long run. I once again congratulate the government and people of Bayelsa State for the outcome at the apex court.”

Thank you for a life of service – Buhari congratulates Jonathan at 63

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President Muhammadu Buhari, on Thursday, congratulated former President Goodluck Jonathan, on his 63rd birthday.

His congratulatory message was contained in a statement by his Special Adviser on Media and Publicity, Femi Adesina, titled ‘President Buhari greets former President Goodluck Jonathan on 63rd birthday’.

The statement read, “On behalf of the Federal Government and Nigerians in general, President Muhammadu Buhari warmly felicitates with former President Goodluck “Jonathan on his 63rd birthday, November 20, 2020, congratulating him for a life of service that has brought honour and goodwill to the country.

“The President notes, with appreciation, the peculiar and remarkable climb of the former president on Nigeria’s political ladder, and dedication that has kept him working most recently as ECOWAS envoy to bring peace to the Republic of Mali.

“As the former Nigerian President turns 63, President Buhari prays that the Almighty God will grant Dr Jonathan longer life, good health and more wisdom to keep serving the nation and humanity.”

Electoral Reforms: House Of Reps Speaker Seeks UN Partnership On Key Areas

The Speaker of the House of Representatives, Femi Gbajabiamila, on Tuesday met with the Deputy Secretary-General of the United Nations, Amina Mohammed, where they discussed issues and explored partnership in critical areas.

A statement issued on Wednesday by the Special Adviser to the Speaker on Media and Publicity, Lanre Lasisi, said Gbajabiamila and Mohammed also discussed issues relating to electoral reforms, gender-based violence, enabling environment for more women in politics, improvement of public financial management systems, managing Africa’s debt crisis as well as improving social investment and social protection systems in Nigeria.

It was titled ‘Gbajabiamila meets UN Dep. Sec. Gen., Mohammed, discusses social, economic devt, others.’

The statement quoted Gbajabiamila confirming that the issues aligned with the priorities of the House in its Legislative Agenda.

The Speaker said he looked forward to working with the Office of UN Deputy Secretary-General and the UN Resident Coordinator in taking things forward.

The discussion concluded with an agreement to explore partnerships in helping to deliver impact in the stated areas, particularly through specific legislative interventions which reflect the priorities of Nigerians, according to the statement.

Present at the meeting were the Resident Coordinator of the United Nations in Nigeria, Mr. William Kallon; the Special Assistant to the DSG, Hadiza Elayo; Special Assistant to the Resident Coordinator, Fred Eno; and the Special Adviser to the Speaker on International and Inter-Parliamentary Affairs, Mr Dapo Oyewole.

Just In: Bandits demand N100m for six ASPs in Katsina kidnappers’ den

The bandits holding six Assistant Superintendents (ASPs) of Police captive in Katsina State for over one week are demanding N100m ransom for their release.

It was  gathered that the ASPs were among the nine who were just promoted to their current rank. They were attached to the Mobile Police Squadron 6, Maiduguri, Borno State.

Findings on Wednesday indicated that they were demobilised from the riot unit and eight of them were on their way to the Zamfara State Police Command on transfer when they were ambushed in the Dogondaji area of Katsina State and taken into the forest.

A reliable police source explained that the nine ASPs were planning to go to Zamfara State together but one of them changed his mind at the last minute while the others embarked on the trip in a commercial bus.

On getting to Kano, the driver was said to have asked them to join another vehicle as his bus had developed a fault.

The source said, “When they were released to go to Zamfara, they scheduled a day for the trip from Maiduguri, but one of them said he wasn’t comfortable with the trip and declined to join them. He said he had something to do and promised to join them in Zamfara later.

“So, the eight others left, but on getting to Kano, the driver said he couldn’t continue the journey to Zamfara, because his vehicle had developed a fault. They joined another vehicle and on their way around Dongodaji in Katsina State, the bandits accosted and kidnapped them.

“While being taken away, two of them escaped and one of them was shot in the leg though he didn’t die. He found himself at a village and the villagers took him to a police station and he was taken to a hospital. The other six officers are still with the bandits who are demanding N100m ransom.”

A senior police officer said the Commander, Mopol 6, could not account for the men when asked about their abduction, adding that he referred inquiries on the missing men to the Zamfara State Police Command.

The officer explained that the normal procedure was for the commander to send a signal to the Zamfara command informing it that he had released the nine ASPs, but he allegedly failed to follow the official procedure.

The source stated, “The problem came from the Commander, Mopol 6, their former squadron leader, who released them on transfer to Zamfara. He was supposed to relay the information on the kidnap incident, but he said he didn’t know about it when he was asked; instead, he referred inquiries to the Zamfara State Police Command.

“The commander should have sent a signal that the men had been released to go to Zamfara, but he didn’t do that. Normally, the Zamfara command would send a signal to Borno confirming that the men had resumed.”

Findings indicated that the families of the missing police officers were anxious about the safety of their breadwinners following the N100m ransom demanded by the bandits.

It was learnt that the families were attempting to raise N3m for the release of the captives or N500,000 each.

The Force spokesman, DCP Frank Mba, had yet to respond to inquiries on the incident as he did not respond to calls and SMS sent to his mobile telephone as of the time of filing in this report.

When contacted by one of our correspondents, one of the officers, who escaped from the abductors, said he was too weak to recount the incident.

“I have high BP (blood pressure); I just came back from a check-up. I cannot remember everything now. The incident happened on Sunday along the Katsina-Gusau Road,” he simply said.

The Public Relations Officer, Borno State Police Command, DSP Edet Okon, said there was no reported case of policemen from the command being abducted, adding that the alleged victims were no longer serving at the command because they had been transferred.

“The Borno State Police Command has not received any signal in respect of her officers being abducted. The alleged abduction of officers is still unknown to us as we have yet to receive any alert on the matter. That is the official position of the command as of this moment,” Okon stated.

When one of our correspondents visited the Mopol 6 base in Maiduguri, he observed that police personnel were overwhelmed by the kidnap of their colleagues, which came weeks after some of their men were killed and several others injured during an attack on the convoy of the Borno State Governor, Prof. Babagana Zulum.

The mood in the barracks was very sober with little or no activity going on except for a few anti-riot policemen in uniform clustered in groups obviously discussing the incident.

It was gathered that some personnel of the command were recently attacked at the Bama Local Government Area of the state and the latest development had dampened the morale of the policemen.