News

World Bank names Nigerian Among 15 CEOs To Aid Climate Finance

Published

10 months ago

July 11, 2023

The World Bank on Monday named Nigerian Damilola Ogunbiyi of Sustainable Energy for All among the 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries.

The “Private Sector Investment Lab” will begin work in the coming weeks, initially focusing on expanding financing for the transition to renewable energy and associated infrastructure, the bank said in a statement released at a climate meeting in Britain attended by U.S. President Joe Biden and King Charles.”

Banga announced the initiative at a global finance summit in Paris last month alongside Mark Carney, the U.N. special envoy on climate action, and Shriti Vadera, chair of Prudential Plc. Monday’s announcement identified other participants.

The World Bank and the CEOs will work “to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital,” Carney said in a statement.

The other CEOs are: Thomas Buberl of AXA; Larry Fink of BlackRock; Noel Quinn of HSBC; Shemara Wikramanayake of Macquarie; Hironori Kamezawa of Mitsubishi UFJ Financial Group; Hendrik du Toit of Ninety One; Jessica Tan of Ping An Group; Feike Sijbesma of Royal Philips; Sim Tshabalala of Standard Bank; Bill Winters of Standard Chartered; Damilola Ogunbiyi of Sustainable Energy for All; Natarajan Chandrasekaran of Tata Sons; Dilhan Pillay Sandrasegara of Temasek; and Mark Gallogly of Three Cairns Group.

“Results won’t come overnight, but if successful, this group has the potential to unlock significant investment that will deliver jobs and better quality of life for people living throughout the Global South – the surest way to drive a nail into the coffin of poverty,” Banga said.

Banga, the former Mastercard CEO who took office in June, is working to boost the World Bank’s lending resources to expand its work beyond traditional development projects to tackle climate change, pandemics and other global challenges.

He said in a statement that the Private Investment Lab CEOs were a “crucial piece of the puzzle” to devise ways to pull more private sector investment into the intertwined challenges of poverty, climate and fragility.

News

Woman Jailed For Attempting To Recruit Two Minors For Prostitution In Rivers Brothel

Published

51 mins ago

May 16, 2024

Editor

A Federal High Court sitting in Port Harcourt, Rivers State, on Tuesday, sentenced a 40-year-old woman, Oyibo Nwankwo to one year imprisonment for trafficking underage girls.

Nwankwo was prosecuted by the National Agency for the Prohibition of Trafficking in Persons (NAPTIP).

The agency in a statement issued on Wednesday, May 15, 2024, said the convict attempted to recruit the victims for prostitution at a brothel in Elele.

“On May 14, 2024, Oyibo Nwankwo, a 40-year-old woman, was found guilty on two counts of an attempt to enable two underage girls to stay at a brothel in Elele Rivers State by the Federal High Court Port Harcourt, presided over by Hon. Justice S. Obile (file number: FHC/PH/141c/24),” the statement read.

“In relation to the two counts, the offender received a one-year prison sentence for each to run concurrently in accordance with section 17(1)(b) and subject to punishment under section 29 of the Trafficking in Persons Prohibition Enforcement and Administration Act of 2015. Justice is served!”

News

Lady Reveals Three Ways To Know If A Girl’s Waist Beads Is Not ‘Ordinary’

Published

1 hour ago

May 16, 2024

Editor

A Nigerian lady on Twitter has revealed her opinion on waist beads, saying some are not ordinary and are worn to ‘trap’ innocent guys.

She listed three ways to know if a waist bead carries supernatural powers.

1. If you noticed something like m!ld electric shock when you try to climb her, my dear run for your life, if you sleep with her, you going to be trapped forever.

2. If your prick stand so strong when you’re with her and all you just want to do is to have S€x with her and you’re ready to give her anything.

3. If you have s€x with her and you just want to continue having s€x with her non stop, dem don trap you, you will empty your bank before your eyes will clear.

Above of all pray not too jam this type of girls, they will not turn back until they ruin your life. Guys be careful.

News

Gunmen Kidnap Popular Catholic Priest In Anambra

Published

1 hour ago

May 16, 2024

Editor

Some yet-to-be-identified gunmen have kidnapped a Catholic priest, Rev. Father Basil Chukwuemeka, at Nkpor Junction, near the commercial city Onitsha in Anambra State.

According to eyewitnesses, the reverend father was abducted from his vehicle while driving around the area.

The State Police Command spokesman, SP Tochukwu Ikenga, confirmed the incident in a statement when contacted.

Ikenga said the Commissioner of Police, Nnaghe Obono Itam, had addressed the Catholic Priests on the development in the Bishop Conference at Onitsha.

He said, “Anambra Police Command has launched a manhunt for the abductors and possible rescue of Reverend Fr. Basil Chukwuemeka, which sad incident occurred at Nkpor Junction, Onitsha.

“The Command is already working with some eyewitnesses of the incident in the ongoing operation.

“Meanwhile, the Commissioner of Police, CP Nnaghe Obono Itam while addressing the Catholic priests allayed their fears and assured them that the Command would do everything to rescue unhurt the priest, and arrest the abductors.

“Further development shall be communicated, please.”