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Just In:Manuel Pellegrini, West Ham Manager Sacked

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West Ham United have sacked manager Manuel Pellegrini after their home defeat to Leicester .

The Hammers went down 2 – 1 at the London Stadium to a Foxes side who made nine changes from the side that lost 4 – 0 at Liverpool on Boxing Day.

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Details later …

(PUNCH)

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Withdrawal Limits: Senate Raises Concerns, To Debate New CBN

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A file photo of the Senate President, Ahmad Lawan, during plenary at the upper chamber of the National Assembly in Abuja.

A file photo of the Senate President, Ahmad Lawan, during plenary at the upper chamber of the National Assembly in Abuja.

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The Senate has raised concerns about the latest Central Bank of Nigeria (CBN) policy on cash withdrawals.

Senate Minority Leader Phillip Aduda in a point of order during plenary on Wednesday called the attention of his colleagues to the new policy and demanded for caution as it will affect many Nigerians, especially small business owners.

In his response, Senate President Ahmad Lawan cautions the CBN not to approach the policy by jumping into it at once as many Nigerians will be affected.

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He further noted that there is a need to engage the CBN in discussions to get more details of the policy and he directs the committee on banking to discuss this matter during the screening of the CBN Deputy Governors expected to hold before next week.

The Senate has set next Tuesday to debate the new CBN policy.

Under the new withdrawal policy, the CBN restricted the maximum cash withdrawal over the counter (OTC) by individuals and corporate organisations per week to N100,000 and N500,000 respectively.

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READ ALSO: CBN’s New Policy Will Lead To More Job Losses, Disorganize Businesses – University Don

The CBN stated, however, that withdrawals above the thresholds would attract processing fees of 5 per cent and 10 per cent respectively for individuals and corporate entities going forward.

In addition, third-party cheques above N50,000 shall not be eligible for OTC payment while extant limits of N10 million on clearing cheques still remain.

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The new withdrawal regime further pegged the maximum cash withdrawal per week via Automated teller Machine (ATM) at N100,000 subject to a maximum of N20,000 cash withdrawal per day.

 

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IGP Launches Portal To Report Stolen Vehicles

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As precautionary measures to tackle vehicle theft, the Inspector General of Police, Usman Alkali Baba, has launched a platform for Nigerians to report cases of stolen vehicles.

Force Public Relations Officer, Olumuyiwa Adejobi, who disclosed this in a statement on Wednesday, said the digitalized platform – Central Motor Registry (CMR) – successfully completed and commissioned by the IGP is situated at the Force Headquarters in Abuja.

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He said the platform launch followed the “IGP’s quest to ensure a digital environment for policing the country for robust and more proactive measures in crime prevention, investigation, and prosecution.”

“The newly digitalized Central Motor Registry Command Centre will make it possible for members of the public to report vehicles stolen from as far back as 1st January, 2018, and yet-to-be-recovered to input the vehicle details on the online platform to serve as a reliable data point for the possible recovery of the vehicle,” he stated.

“The platform will also process motor vehicle information to support police operations and efforts toward enhancing national security.”

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With the CMR having two Command Centres in Abuja and Lagos, Adejobi said 37 Information Centres are located across the Country and in the Federal Capital Territory, with 200 e-Enforcement Operational Patrol Vehicles with automatic number plate recognition on each vehicle as part of the first batch.

He also asked Nigerians and other residents in the country to take advantage of the platform at https://reportcmr.npf.gov.ng to upload their vehicle information on the website with effect from today 7th December, 2022, as a security step for preventing it from being stolen and re-registered.

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NCC Gives Update On Status Of 3.5GHz Spectrum Auction

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The Nigerian Communications Commission (NCC) hereby announces that by the close of business on Monday, December 5, 2022, only two companies expressed interest in the auction of the 3.5GHz Spectrum band namely;

i. Airtel Networks Limited (Airtel) and
ii. Standard Network & Connections Limited (Standard Network).

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However, only Airtel paid the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM) whereas, Standard Network sent an email appeal for the deadline to be extended by twelve (12) working days which was not acceptable in view of the auction timetable.

READ ALSO: NCC Warns Of Phishing Attack Exploit

Having met all the provision in the IM, Airtel has, therefore, emerged as the sole Bidder.

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Consequently, there shall be no further bidding and the Commission will proceed to the Assignment Stage in line with the published Information Memorandum guiding the licensing process.

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