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DMO Lists Two FG Savings Bonds For Subscription

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The Debt Management Office (DMO) listed two Federal Government of Nigeria savings bonds on Monday for subscription at N1,000 per unit.

They are the first offers in 2024.

According to News Agency of Nigeria (NAN), The first offer is a two-year savings bond due to mature on January 17, 2026 at 11.033 per cent per annum.

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The second offer is a three-year savings bond due to mature on January 17, 2027, at an interest rate of 12.033 per cent per annum.

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Opening date for both offers is January 8, while the closing date is January12; settlement is January 17, and coupon payment dates are April 17, July 17, October 17 and January 17.

They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.

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“Interest is payable quarterly while bullet repayment is made on maturity date,’’ the DMO stated.

The savings bonds, like all other Federal Government securities are backed by the full faith, credit of the Federal Government and charged upon the general assets of Nigeria.

“They qualify as securities in which trustees can invest under the Trustees Investment Act.

“They qualify as government securities within the meaning of the Company Income Tax Act and Personal Income Tax Act for tax exemption and pension funds, amongst other investments,’’ the DMO stated.

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INEC Warns Against Incumbency Power Abuse In Edo, Ondo

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Ahead of the governorship elections in Edo and Ondo states, the Chairman of the Independent National Electoral Commission, Prof. Mahmood Yakubu, has cautioned against the abuse of incumbency power.

Yakubu noted that a situation where a ruling party denied the opposition access to campaign spaces often resulted in a breach of peace.

He appealed for security protection for both the personnel and materials that INEC would be deploying for the upcoming elections.

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The Edo State governorship election is scheduled for September 21, 2024, while the Ondo State election will be held on November 16, 2024.

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The Continuous Voter Registration in both states will run simultaneously from Monday, May 27, to Wednesday, June 5, from 9 am to 3 pm daily, including weekends.

Campaigns by political parties in Edo State began on April 24, 2024, and would conclude at midnight on September 19, 2024.

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Speaking on Thursday at a meeting of the Inter-Agency Consultative Committee on Election Security in Abuja, Yakubu underscored the responsibility of security agencies to ensure the enforcement of the law throughout the election period, stressing the importance of a peaceful and orderly process.

He also called on the security agencies to maintain vigilance over the electioneering process, to prevent violent attacks and negative mobilisation by political parties, candidates, and their supporters during campaigns.

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He said, “We need security protection for the registrants, registration personnel, equipment, observers, and journalists that will cover the CVR exercise.

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“I urge you to keep your eyes on the electioneering process to prevent violent attacks or negative mobilisation by political parties, candidates, and their supporters during their campaigns.

“Similarly, the use of the power of incumbency to deny opposition parties and candidates access to public facilities, such as radio and television stations, public buildings for campaigns and rallies, or even outdoor advertising through the imposition of excessive fees and levies often results in the breach of the peace.

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“These actions, including the mutual destruction of campaign materials and facilities, violate the provisions of Sections 91 to 97 of the Electoral Act 2022. The security agencies must ensure the enforcement of the law,” he said.

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The National Security Adviser and co-chair of ICCES, Nuhu Ribadu, stressed the need for the same level of dedication and effort in the forthcoming elections as was demonstrated in previous ones.

Ribadu highlighted the importance of strategic deployment, cautioning against overwhelming the system with excessive numbers.

Represented by the Director of Internal Security in the ONSA, Hassan Abdullahi, the NSA said, “The same efforts for the previous elections would be extended to the forthcoming elections.

“However, we need to be careful in our deployment in terms of numbers so that we will not overburden the system.”

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JUST IN: Court Denies Binance Executive, Gambaryan Bail

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A Federal High Court Abuja, on Friday denied the bail application of a crypto currency firm executive, Tigran Gambaryan.

Justice Emeka Nwite, while delivering the ruling held that the bail application is refused as he has carefully gone through the application submitted before him and resolved that the defendant will jump bail if granted.

READ ALSO: Money Laundering: More Trouble For Binance As Canada Fines Crypto Giant $4.38m

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Gambaryan, his company, Binance Holdings Limited and a fellow top executive currently on the run, Nadeem Anjarwalla, were charged by the Economic and Financial Crimes Commission, with money laundering and terrorism financing .

Details shortly….

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Malnutrition: UNICEF Introduces Liquid Supplement To Enhance Child Nutrient

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The United Nations Children’s Fund (UNICEF) has introduced a liquid base supplement to enhance a child’s nutrient diet in order to wage war against malnutrition in Nigeria.

Mrs Philomena Irene, UNICEF’s Nutrition Specialist, Bauchi Field Office, stated this in Gombe on Thursday during a two-day media dialogue on Age-Appropriate Complementary Feeding for Children Aged 6-23 months.

According to her, the intervention was being carried out by the Progressive Action on Resilient System Through Innovation and Partnership (PARSNIP) project of UNICEF.

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READ ALSO: 18.3 Million Pupils Are Out Of School In Nigeria – UNICEF

She however, explained that the project was being implemented in Dukku, Kaltungo and Kwame Local Government Areas of Gombe state.

She said the project basically focused on enhancing young children’s nutrient diet with the liquid base supplements, adding that the commodity is nutrient rich and has both protein, energy, 15 minerals and vitamins.

“It’s for children under the age of 6 to 23 months by adding it to their food. It was formulated for children living in severe food poverty.

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“It has shown that these children living in severe food poverty can’t even have a meal in a day that is rich with five food groups which is the minimum.

“The idea is, if you give them one of the sachets of this commodity, they have taken one meal a day that is nutrient dense which contains 100 to 120 calories a day.

“It has protein, carbohydrates, minerals and vitamins,” she said.

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The UNICEF Nutrition Specialist also explained that under the project, UNICEF also helps the states to create an enabling environment, health system strengthening and improving diet and practices.

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