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NDIC Obtains Order To Wind Down 96 Microfinance, Mortgage Banks
Published
1 year agoon
By
Editor
The Nigeria Deposit Insurance Corporation has said that it has obtained Winding up Orders for 96 out of 183 microfinance and primary mortgage banks whose licenses were revoked by the Central Bank of Nigeria in May 2023.
The Managing Director, NDIC, Bello Hassa, revealed this at a sensitisation seminar for Judges of the Federal High Court in Lagos on Thursday organised by the NDIC, to enlighten the judiciary on the intricacies of the banking industry.
Hassan said, “As at date, the Corporation had obtained Winding up Orders for 96 out of 183 Micro Finance and Primary Mortgage Banks whose licenses were revoked by the CBN in May 2023, in less than one Year of revocation.”
READ ALSO: FG, States, LGs Share N1.2tn In May
He added that the NDIC was committed to fulfilling its mandate of protecting depositors through bank supervision, failure resolution and liquidation so as to boost confidence in the financial system.
Speaking on the role that the judiciary plays in the fulfillment of the mandate, Hassan said, “We recognise the judiciary as one of our critical stakeholders. With this, when cases are brought before them, they can receive accelerated hearing and proclamation of Justice.”
Citing some of the achievements from previous editions of the seminar, Hassan said that instances where liquidation-related litigations experienced delays were reduced.
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U.S.-based Nigerian, Ogieva, Honoured As Grand Award Judge
Published
12 minutes agoon
June 17, 2025By
Editor
A U.S.-based Nigerian and visionary in geoscience and data innovation, Mathew Ogieva, has continued to leave an indelible mark on global Science, Technology, Engineering, and Mathematics advancement.
Ogieva, in a telephone interview with the News Agency of Nigeria on Tuesday, said he served as Grand Award Judge at the 75th Regeneron International Science and Engineering Fair.
The News Agency of Nigeria reports that the 75th ISEF was held from May 10 to May 17 in Columbus, Ohio, the world’s largest annual STEM competition for pre-college students
It is an annual science fair in the United States, owned and sponsored by the Society for Science, a non-profit organisation based in Washington, DC.
READ ALSO: VIDEO: Benin-born Osagie Honoured As Fuwagboye Of Ibeju Land
Ogieva, therefore, described the event as “the world’s largest and most prestigious science competition featuring nearly 1,700 participants from over 60 countries.
“In the Earth and Environmental Sciences category, I helped to evaluate over 70 groundbreaking projects, bringing my expertise and passion to the forefront of global youth innovation.
“My influence spans coast to coast and beyond, having judged at California Science and Engineering Fair (CSEF 2025) – California Lutheran University, Earth and Environmental Science category.”
He said that his judging legacy was not just on projects, but in igniting purpose and mentorship across continents.
READ ALSO: Five Corps Members Honoured, Four To Repeat Service Year In Bauchi
“I am currently serving on the 2026 CSEF Judging Advisory Committee.
“State Science Day & STEP Fair (Ohio, April 2025) – Under the Ohio Academy of Science, Terra NYC STEM Fair (March 2025) – Held at New York University – Tandon School of Engineering
“Technovation Girls Global Competition (2025) – Evaluating tech solutions by girls in over 60 countries and Virginia Junior Academy of Science (VJAS, May 2025) – Championing science excellence among youth in Virginia,” he said.
NAN reports that Ogieva’s extraordinary ability lies not only in scientific expertise but in uplifting the next generation of global problem-solvers, and he is proud to strengthen ties in Nigeria to advance scientific innovation.
NAN
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Okpebholo Inaugurates Boundary Dispute Committee In Edo
Published
4 hours agoon
June 17, 2025By
Editor
Edo State governor, Monday Okpehbolo, has inaugurated boundary committee to address persistent boundary disputes affecting communities in the state and bordering neighboring states.
Inaugurating the committee chaired by his deputy, Hon. Dennis Idahosa, the governor, who expressed confidence in the 14-man committee, noted that no doubt every boundary dispute would be settled by the committee.
“We have Ondo, we have Delta, we have Kogi State. So, we have boundary crises here and there. For this reason, I think the people before me today are the best to handle this task for the betterment of Edo people,” he noted.
Responding on behalf of the committee, Hon. Idahosa expressed gratitude for the opportunity, pledging the committee’s commitment to its crucial task.
READ ALSO: Okpebholo Launches 1bn Interest-free Loan For Edo Traders
He noted: “Mr. Governor, I want to thank you for this opportunity and deeply hold on to accept the responsibility to serve as the chairman of the newly-inaugurated boundary committee”
“On behalf of all members of this committee, I wish to express our sincere gratitude and acceptance of this responsibility, which we pledge to discharge in fairness, transparency, and integrity.”
Idahosa highlighted the committee’s objectives: “This committee will strive to carry out our mission which is to ensure accurate boundary demarcation, promote peaceful coexistence among communities and foster development in the areas affected by conflicts while collaborating with all stakeholders and actively engaging with citizens in fulfilling our mandate.”
He added: “We appreciate His Excellency for the confidence reposed in us and with the diverse expertise of these prominent citizens of this committee. I am confident that we will achieve our goal with fairness and equality.
READ ALSO: Okpebholo Prioritises Security, Workers Welfare, Says Idahosa
“It is a privilege to contribute our quota as we are proud to serve our State and our nation with utmost dedication and professionalism.”
Members of the 14-man committee include: Dr. Samson Osagie, CP Monday Agbonika, Mr. Isaac Chikere, M. C. Monyei, Surv. Henry Aghedo, Sir Lucky Eseigbe, Engr. Emmanuel Okoebor, Hon. Paul Ohonbamu and a representative of the Oba of Benin.
Others are: Hon. Patrick Obahiagbon, Hon. Abasi Braimah, and Hon. Patrick Ikhariale. Surv. Ozigbo Osayande Duke will serve as the secretary.
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Threat To Life: Gbaramatu Wants Security For kantu, Ijaghala Communities
Published
5 hours agoon
June 17, 2025By
Editor
Gbaramatu Traditional Council (GTC), has called on security agencies including the Delta State government to provide security to the people in Ijaghala ( Zou-ala uba) and Ikantu (Kantu) communities in the kingdom.
The GTC said the call became necessary and timely over an alleged threat on the leadership of these communities by suspected Itsekiri elements after they (Ijaghala ( Zou-ala uba) and Ikantu) reaffirmed their position as Ijaw and Gbaramatu people.
Speaking at a press briefing in Warri, Delta State, the Fiyewei (spokesman) of the kingdom, High Chief Godspower Gbenekama, said the leadership of Gbaramatu Kingdom has been inundated with calls over threat to evacuate and kill members of Kantu and Ijaghala communities.
According to him, the threats were coming due to the fact that the aforementioned communities had decided to reaffirm their position as Ijaw and Gbaramatu people.
READ ALSO: Warri Delineation: Don’t Be Deterred By Itsekiri’s Protests, Gbaramatu Lawyers Urge INEC
The Fiyewei, flanked by other chiefs of the kingdom, insisted that the law provides freedom of association, adding that Ijaghala and Ikantu people should be allowed to associate with their Ijaw progenitors.
He warned against any attempts to attack Ijaw Ijaghala and kantu people, adding that they will vehemently resist such threats, and will not cede any parcel of land to Itsekiris migrants.
He lamented over the suspected murder of the Gbaramatu Ijaw illustrious son in Tebijor community in the recent time, warning that such should not repeat itself again.
The Fiyewei warned that Itsekiris who are issuing threat to Ijaw should desist, stressing that “in case they are ignorant about the ownership of such lands, they should ask their fathers about their origin and their migration history.”
He added: “In case their fathers had died, they should find any means to exhume their bodies, so they could provide a guide to modern Itsekiri youth who do not know where they came from.”
READ ALSO: Support Staff Embark On Strike, Shutdown Warri Refinery Over Poor Condition Of Service
He said the Kantu and Ijaghala ( Zou-ala uba) people had decided to trace their true origin, stating that they should be allowed to enjoy their freedom of life and association.
Gbenekama, maintained that lie had an expiry date, noting that Itsekiris were glorifying themselves with lies, and that such lies have expired.
The Ijaw leaders insisted that Ijaghala, Kantu, Omadinor and Obodo were ancestry lands of Ijaw people, adding that the elders of the Itsekiri were conversant with these facts.
He, on behalf of the traditional council, called on the federal government to investigate the Warri traditional ruler who was accused of gun running and brought him and others to book, stating that the gun running was an attempt to attack and kill the Ijaw and Gbaramatu people of Warri federal constituency.
The Gbaramatu leaders, therefore, urged INEC to complete the delineation exercise, adding that there was outright peace in Warri and its environs, stressing that the delay in completing the Warri delineation exercise wasn’t for the interest of peace.
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