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Business

‘We don’t consider IPOB as a terrorist Organisation’ – US Government

Published

7 years ago

September 24, 2017

Sahara Weekly

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The United States Government has said it does not consider the Indigenous People of Biafra a terrorist organisation.

Last week, the Federal High Court in Abuja gave a judicial backing the executive order of President Muhammadu Buhari, outlawing the group and its activities in the country.

The court granted the order to proscribe the group on Wednesday.

It declared that the activities of the group constituted acts of terrorism.

The Federal Government also accused France and the United Kingdom of aiding IPOB activities.

The spokesman for the American Embassy in Nigeria, Russell Brooks, told SUNDAY PUNCH on Friday that the US government does not view IPOB as a terrorist group.

He said this in response to our correspondent’s email which asked if the United States sees IPOB as a terrorist organisation.

Brooks stated further that the US was committed to Nigeria’s unity and would support a peaceful resolution of any crisis in the country.

He said, “The United States Government is strongly committed to Nigeria’s unity. Important political and economic issues affecting the Nigerian people, such as the allocation of resources, are worthwhile topics for respectful debate in a democracy.

“Within the context of unity, we encourage all Nigerians to support a de-escalation of tensions and peaceful resolution of grievances. The Indigenous People of Biafra is not a terrorist organisation under US law.”

The US embassy, however, declined to comment on whether the Federal Government had asked it to treat IPOB as a terrorist organisation and to block money sent to IPOB from the US.

Brooks also did not state the US’ position on the agitation for a Biafran state.

Speaking after the court judgment last week, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, said the Federal Government would proceed to gazette the order proscribing the group.

IPOB claims ownership of Radio Biafra

Meanwhile, IPOB in a statement on Saturday said that the Radio Biafra which is said to be based outside the country neither belonged to MASSOB nor its leader, Chief Ralph Uwazuruike.

IPOB, in a statement made available to one of our correspondents in Port Harcourt, Rivers State, explained that though MASSOB assisted in funding the radio station, the arrangement only lasted from April to July 2009.

The statement, signed by the Deputy Leader of IPOB, who is also the Deputy Director of Radio Biafra, Uche Mefor, noted that the station later went off-air and eventually shut down in December 2009.

It insisted that MASSOB, which has since transformed into Biafra Independence Movement, had nothing to do with Radio Biafra.

The statement added, “The entire humanity is hereby notified that MASSOB is not the owner of Radio Biafra. Uwazuruike is not the owner of Radio Biafra.

“Radio Biafra first operated as ‘Broadcasting Corporation of Biafra’ in the 1960s in the face of genocidal war of extermination propagated by the northern Nigerian military dictators who spearheaded their jihadism against the Biafrans.”

Also, MASSOB on Saturday called on the Federal Government to immediately release its members who were labelled supporters of IPOB, arrested and detained by security agents.

MASSOB said eight of its members were arrested by security agents on September 13, 2017, while they were on their way to Onitsha, Anambra State, to celebrate the group’s 18th anniversary.

Its National Director of Information, Mr. Sunday Okereafor, told SUNDAY PUNCH that security agencies should have known the difference between IPOB members and MASSOB followers.

Okereafor alleged that the MASSOB members were detained in Afara Prison in Umuahia, the Abia State capital.

He added that his group had since its existence embraced non-violence as its method of agitation and wondered why police and soldiers would contemplate arresting and detaining them.

He listed the names of five of the eight arrested MASSOB members as Igwe Ndukwe, Onyebuchi Nmeregini, I. Ugonna, ThankGod Udeh and Ugwu Emeka.

He said, “We are calling on the Attorney General of the Federation and the Attorney General of Abia State to release them. They should leave MASSOB alone because MASSOB is not violent. Those arrested are not IPOB members. They are MASSOB members.’’

Army arrests 34 hoodlums, recovers 12 guns in S’East

The Nigerian Army said on Saturday that 34 suspected cult members, kidnappers and hoodlums had been arrested in the ongoing Operation Python Dance II during some raids carried out by troops.

The army noted that seven locally made pistols and five Dane guns were also recovered from the suspects.

SUNDAY PUNCH learnt that while 17 suspects were arrested in Obinze community in Imo State, seven were arrested in the Ukukwa North Local Government Area of Anambra State.

Also, 10 suspected cult members were arrested during two operations on Awara and Assa communities in the Ohaji-Egbema LGA of Imo State.

The army added that another group of three kidnap suspects – identified as Arinze Ugiri, 39, Okezie Nwobolo, 30, and Michael Sunday, 24 – were arrested from a hideout in Abia State.

The suspects were reportedly handed over to the police after the initial questioning.

The Deputy Director, Army Public Relations, and 82 Division spokesman, Colonel Sagir Musa, who confirmed the arrests in a release, said the “outlawed IPOB members and their sympathisers” were also checkmated from extorting money from traders and motorists in Aba, Abia State.

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Business

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

Published

1 day ago

May 3, 2024

Sahara Weekly

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

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Mubi, May 3rd, 2024

Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) commences the construction of a 500-capacity lecture theatre and wash facilities for the Adamawa State University, Mubi. This project is coming after the nomination of the institution as a recipient of the ASR Africa Tertiary Education Grant Scheme (TEGS), by the Board of Directors of the Abdul Samad Rabiu Africa Initiative.

Speaking at the event, the Acting Vice Chancellor of the University, Dr. Stephen A. Lagu, expressed his appreciation to the Chairman of BUA group and ASR Africa, Abdul Samad Rabiu, for the rare philanthropy gesture towards the university. He stated that the intervention of the Chairman would reduce the physical infrastructure deficit at their new campus and promote sanitation and hygiene in the university. He added that the choice of the 500-seat lecture theatre with the four boreholes at different locations within the campus was identified and agreed to by the relevant organs of the institution with the ASR Africa team.

Dr Ubon Udoh (MD / CEO, ASR Africa), in his remarks, congratulated the institution for qualifying for the nomination by the Board of Directors of ASR Africa. He stated that the rigorous selection process which includes stringent criteria such as the quality of service delivered by the university and the pedigree of graduands from the institution at the national and international levels, proves that the university is keeping up with its vision as a leading institution of learning in the region. He encouraged the management and students to ensure proper use and maintenance of the facilities as a show of appreciation for the grant given to them.

The Tertiary Education Grant Scheme of the Abdul Samad Rabiu Africa Initiative is part of the efforts of the Chairman of BUA Group and ASR Africa, Abdul Samad Rabiu to give back to the African continent and make a lasting impact in education as a means of uplifting and restoring the dignity and lives of Africans.

About ASR Africa

ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

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Business

Rano: Inspiring Story Of An Ice block seller who became billionaire

Published

1 day ago

May 3, 2024

Sahara Weekly

Rano: Inspiring Story Of An Ice block seller who became billionaire

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Alhaji Auwalu Abdullahi Rano, popularly known as A.A Rano transformed from a humble boy from Kano Village into a billionaire magnate, overseeing a conglomerate that includes 120 filling stations across Nigeria.

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Born into an average family in Lausu, Kano State, Rano started small, with an ice block and groundnut oil business, including other local items.

Rano has gone into building a multi-billion naira enterprise spanning various sectors of Nigeria’s economy.

Today, Rano owns AA Rano oil & Gas industry in Nigeria with 56 ML Tank farm in Lagos, with 120 retail outlet/ fillng stations across Nigeria and over 600 trucks & LPG terminals as well as acquired vessel (M.T LAUSAU).

His ventures include RanoGaz, a state-of-the-art Liquified Petroleum Gas (LPG) terminal, a rice milling company, Rano Lubricant, Rano Air, Lausu Marine and Logistics, AA Rano Terminal, and AA Rano Road Haulage.

@PUNCHNG

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Bank

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

Published

1 day ago

May 3, 2024

Sahara Weekly

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Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

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In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024.

According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from N101.1bn in Q1 2023. The increase was led by a combination of interest income (90.7% yoy) and non-interest income (84.0% yoy). Growth in interest income was primarily spurred by a higher yield environment and strong earning assets base, while the increase in non-interest income was led by double-digit growth in account maintenance charges, FX-related income, trade, banking services, and remittances, supported by increased customer transactions.

Commenting on the results, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc stated, “We are pleased to report another quarter of strong financial performance driven by our strategic focus on customer-centricity, digital innovation and operational excellence. Despite the challenging macroeconomic environment, we remained resilient and agile, delivering double-digit growth on key income lines while advancing our business sustainability agenda.”

In the period under review, the bank grew Net interest income grew by 89.5% yoy to N99.6bn from N52.6bn in Q1 2023, driven by interest and similar income as the yield on financial instruments improved to 14.7% from 10.1% in Q1 2023 (2023FY: 11.6%). In line with the steady rise in interest rates through the year, average funding cost increased by 80bps ytd to 5.2%. However, NIM came in at 8.8%

compared to 8.1% in 2023FY, as increafeatsed yield on earning assets surpassed funding cost to 15.1% from 13.3% in Q1 2023 (2023FY: 13.5%).

Similarly, Total Deposits increased by 17.2% ytd to N4.7tn from N4.0tn in 2023FY, driven by double-digit growth across all deposit types (demand, savings and term). Net Loans and Advances increased by 21.2% to N3.7tn from N3.1tn in 2023FY.

“Beginning the year on this inspiring note reaffirms our strategy of helping individuals to grow, inspiring businesses to thrive and empowering economies to prosper. We are committed to our guidance as we build a more resilient business franchise with a well-diversified earnings base in 2024,” explained Onyeali-Ikpe.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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