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Federal Government Committed To Boosting Local Industries Says Shettima

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Shettima

Federal Government Committed To Boosting Local Industries Says Shettima

Federal Government committed to boosting local industries says Shettima. He emphasised the importance of innovation and entrepreneurship in driving Nigeria’s economic growth.

The federal government says it will continue to support indigenous companies to survive and excel, as a strategy to transform the economy.

Vice-President Kashim Shettima gave the assurance during a visit to mark the 20th anniversary of SecureID Manufacturing Facility at Iyana-Isolo, Lagos on Wednesday.

SecureID is a certified smartcard manufacturing plant that produces smart cards.

It produces smart cards for banks, including MasterCard, Visa and Verve, as well as SIM cards for telecommunication companies.

Mr Shettima also said that the government would create opportunities for the emergence of more companies that would transform the economy.

The vice president said that the government’s policies would be geared toward ensuring the growth of local industries.

He emphasised the importance of innovation and entrepreneurship in driving Nigeria’s economic growth.

He also noted the importance of Nigeria’s digital transformation in the knowledge-driven post-industrial age.
According to him, President Bola Tinubu has demonstrated that the survival of enterprises is crucial for a vibrant economy.

He highlighted the government’s efforts to revitalise the economy through fiscal reforms and other initiatives.

Shettima

Shettima

He praised SecureID for remarkable successes, noting its capacity to manufacture 200 million cards per annum, including international passports and voter cards.

“Our needs as a nation are unique; so are the expectations from our enterprises.

“As a government, we will continue to support enterprises by fostering an environment where innovation thrives and every citizen has the opportunity to succeed,” he said.

Economy

Strike: NASU Gives WAEC 7-Day Ultimatum

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NASU Gives WAEC 7-Day

Strike: NASU Gives WAEC 7-Day Ultimatum

Strike: NASU gives WAEC 7-day ultimatum. The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has issued a seven-day ultimatum to the West African Examinations Council (WAEC) management to address a four-point demand related to workers’ welfare and alleged victimization of labor leaders.

NASU Gives WAEC 7-Day

NASU Gives WAEC 7-Day

 

Speaking at a press conference in Lagos on Monday, NASU General Secretary, Prince Peters Adeyemi, warned that all WAEC offices across the country would be shut down from Monday, March 24, if the demands are not met.

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Economy

Akwa Ibom LG Chairman Sets To Report Construction Company For Poor Performance

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Akwa Ibom

Akwa Ibom LG Chairman Sets To Report Construction Company For Poor Performance

Akwa Ibom LG Chairman sets to report construction company for poor performance. Ikot Ekpene Chairman, Hon. Aniefiok Nkom, has threatened to send digital copies of the Ikot Ekpene – Aba road one-lane construction to Senate President, Senator Godswill Akpabio, despite allegedly underperforming as a council chairman in recent months.

Nkom, whose achievements have been limited to painting the old Ikot Ekpene council secretariat, grading truck parks, and providing limited educational support JAMB forms, made this announcement during a peaceful demonstration by students of Akwa Ibom State Polytechnic, Ikot Osurua.

The students were protesting persistent brutality and harassment by officers from the Nigerian Police Force, Ikot Ekpene Division, and QIU, Ikot Ekpene Division.

The council chairman accused the construction company, Messrs CGGC Global Projects Nigeria Limited, of building a one-lane carriage instead of the approved dualized road, referencing Contract No.6569 and Project Code ERGP12141436 under the Federal Ministry of Works and Housing, awarded in 2019.

Nkom stated, “For those of us from Ikot Ekpene, you have seen this road. For those coming from Aba, you can see where they stopped the dual carriage.

Now, they are constructing a single lane to Ikot Ekpene. This is what we are talking about when we mention injustice.”

Akwa Ibom

Akwa Ibom

He further mentioned his intention to document the road’s condition with NTA and send the footage to the Senate President, calling the situation a serious embarrassment to Akwa Ibom State.

Addressing the issue of police brutality against Akwa Ibom State Polytechnic students, Nkom asserted that any policeman or army officer who harasses a student without any offense will face consequences, urging students to always carry their identity cards.

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Crime

EFCC Arraigns 2 Chinese Nationals, Nigerian For Cyber Crimee In Lagos

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EFCC Arraigns 2 Chinese Nationals, Nigerian For Cyber Crimee In Lagos

EFCC arraigns 2 Chinese nationals, Nigerian for cyber crimee in Lagos. EFCC alleged that they engaged in this foreign exchange without going through the official foreign exchange market authorised by the Central Bank of Nigeria.

The Economic and Financial Crimes (EFCC) on Monday dragged a Nigerian, two Chinese nationals, and their company before the Federal High Court in Lagos over alleged multibillion-naira cybercrime.

The defendants Huang Haoyu, Friday Audu, An Hongxu and a company, Gentting International Ltd., are standing trial before Justice Daniel Osiagor on a 12-count charge of cybercrime.
They all pleaded not guilty to the charges.

The prosecutor, Bilikisu Buhari, told the court that the defendants committed the offences sometime in 2024 in Lagos.

Ms Buhari said the defendants allegedly conspired among themselves to commit the offences with one Dualiang Pan, who is now at large.

She said the defendants allegedly willfully caused to be assessed computer systems organised to destabilise Nigeria’s economic structure.

Ms Buhari also said the defendants allegedly procured Nigerian youths to falsely represent themselves as persons of foreign nationalities.

They were alleged to have procured one Chukwuemeka Okeke to retain $1.2 million in his crypto wallet, which they ought to know forms part of fraudulent activities.

They were alleged to have also procured one Alhassan Garba and Ifesinaci Jacobs to retain $1.3 million in their crypto wallet, being proceeds of crime.

They were also alleged to have retained in the Union Bank account of Gentting International Ltd the sum of N3.4 billion, which also forms part of the proceeds of their fraudulent activities.

The prosecutor alleged that they transferred, among others, N106 million and N913 million to Mr Dualiang’s UBA account, which also forms the proceeds of their fraudulent activities.

The transfer and several other transfers were said to be made from Gentting Ltd.
Besides, the defendants were said to have illegally negotiated a foreign exchange transaction with one Alhassan Garba to the dollar equivalent of N1.1 billion, N962 million, and other sums.

EFCC alleged that they engaged in this foreign exchange without going through the official foreign exchange market authorised by the Central Bank of Nigeria.

Court

Court

All monies are said to have formed part of the proceeds of their fraudulent activities.
She said the offences contravened section 29(2) of the Foreign Exchange Monitoring and Miscellaneous Provisions Act, 2004.

It also contravenes sections 18 and 27 of the Cybercrime (Prohibition) Act 2015, as well as sections 18(2)(d) and 21(c) of the Money Laundering Act 2021.

The court adjourned the case until March 20 to hear the defendants’ bail application.

The judge ordered the defendants to be remanded in EFCC’s custody pending bail.

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