Obaseki hails Supreme Court verdict affirming Diri’s election
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.”
Source: Punch newspaper
Dokpesi urges Fed Govt to release #EndSARS protesters and unfreeze their accounts
DAAR Communications Plc Founder High Chief Raymond Dokpesi on Wednesday urged the Federal Government to release all detained #EndSARS protesters. He also called for the unfreezing of their accounts by banks, an action taken on the order of the court.
He alleged that the protests were peaceful until the government-sponsored hoodlums attacked protesters.
He said: “The #EndSARS protest started in a quiet and proper manner. Overzealous elements of the government went to recruit hoodlums to overtake the legitimate protest organised by those that are graduates and well-educated.
“When the protest started, nobody saw any gun; nobody saw anything until an effort was made to quell it. In Abuja, where I was, we saw trucks of people they brought in, uneducated, to overpower the educated. Those people carried cutlasses and sticks and that was the beginning of it. If they had not brought in the hoodlums, it’s possible we would have had a peaceful protest.”
Dokpesi spoke during his sympathy visit to The Nation headquarters in Lagos over last month attack on this newspaper’s facility.
According to him, #EndSARS has not ended.
He described #EndSARS as the beginning of a long struggle to appraise and restructure the country.
Source: The Nation
Oil-producing states get N31.9bn in Oct, as FAAC distributes N604.004bn
The Federation Accounts Allocation Committee, FAAC, said the three tiers of government shared N604.004 billion as federation allocation for the month of October.
From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N220.751 billion, the states received N161.825 billion, local governments got N120.588 billion, while the oil-producing states received N31.902 billion as derivation (13% of Mineral Revenue) and Cost of Collection/Transfer and Refunds got N48.939 billion.
A communique indicated that the gross revenue from Value Added Tax (VAT) for October was N126.463 billion as against N141.858 billion distributed in the preceding month of September, resulting in a decrease of N15.395 billion.
The distribution is as follows: Federal Government got N17.642 billion, states received N58.805 billion, local governments got N41.167 billion, while Cost of Collection/Transfer and Refund got N5.059 billion and Allocation to NEDC project received N3.794 billion.
The distributed Statutory Revenue of N378.148 billion received for the month was higher than the N341.501 billion received for the previous month by N36.647 billion.
From that amount, the Federal Government received N166.195 billon, states got N84.296 billion, local governments, N64.989 billion, derivation (13% mineral revenue) got N21.581 billion and Cost of Collection/ Transfer and Refund got N40.086 billion.
The communique also revealed that Oil and Gas Royalty, Companies Income Tax (CIT) increased substantially.
Import Duty, Excise Duty, Value Added Tax (VAT), and Petroleum Profit Tax (PPT), according to the communiqué, recorded decreases.
Sterling Bank Launches Single-digit Agribusiness Facility
Sterling Bank Plc has launched a new product, Sterling Women and Youths in Agriculture Finance code-named SWAY-AgFin, to provide low-cost financing at single-digit rates to young men and women entrepreneurs in the agribusiness value chain across the country.
Group head, Agric Finance and Solid Minerals Financing for Sterling Bank, Mrs Bukola Awosanya, disclosed this in a statement in Lagos.
She explained that SWAY-AgFin was designed by Sterling Bank in collaboration with MasterCard Foundation.
She added that the facility has a maximum tenor of two years and aims to grow agribusinesses in Nigeria with an overall focus to impact local production, improve employability for young entrepreneurs, and, ultimately grow the economy.
Awosanya noted that the SWAY-AgFin offering is available to entrepreneurs who are earnestly seeking to scale the output of their agribusiness offerings, adding that the opportunity will equip beneficiaries with the requisite knowledge and skills in financial management and good agricultural practices while generating direct and indirect employment.
She also added that the SWAY-AgFin offering is a testament of the Bank’s continuing commitment to agribusiness financing, noting that Sterling Bank’s various interventions within the sector “have been made possible with the support of partners such as the MasterCard Foundation.”
Awosanya hinted that the product will help increase productivity in the agribusiness sector, while easing the devastating effects of the pandemic in the lives of youths and women, adding that MasterCard Foundation’s involvement underscores the commitment of the two organisations to the growth of critical sectors in the Nigerian economy.
Strange Disease: FG Urges Investigation Into ‘50 Deaths’ In Kogi
The Minister of Health, Osagie Ehanire, said the Nigeria Centre for Disease Control had been directed to investigate the cause of the so-called strange disease that reportedly killed 50 persons in Kogi State.
He disclosed this while fielding questions from reporters after the weekly federal cabinet meeting.
The minister confirmed that the cause of the strange deaths in Enugu, Delta and two other states had been linked to yellow fever.
A lawmaker in the state, Anthony Alewo, had on Tuesday told his colleagues that a strange disease killed 50 persons within three months at Etteh village.
But the state’s Commissioner for Health, Saka Audu, on a Channels Television programme yesterday, monitored by our correspondent, said the deaths were recorded in Enugu and not Etteh in Olamaboro Local Government Area of Kogi State.
Source: Daily Trust
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