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Nigeria’s FATF delisting boosts confidence, credibility – NICA

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National Institute of Credit Administration (NICA) says Nigeria’s removal from the Financial Action Task Force (FATF) grey list will strengthen investor confidence and enhance the nation’s financial credibility.

Prof. Chris Onalo, Registrar and Chief Executive Officer of NICA, told the News Agency of Nigeria (NAN) on Sunday that the removal from the grey list would unlock new financing opportunities

Onalo also said that the removal would restore the country’s standing in the global financial system.

He congratulated Nigerians on the development, describing the grey list as “dangerous for any economy”.

He also commended the effort of the government in repositioning the country’s financial reputation.

“The authorities that worked so hard to remove Nigeria from the blacklist must also work harder to ensure we never return to the situation that got us there in the first place,” Onalo said.

He urged the government to maintain a culture of accountability and compliance while sustaining collaboration among financial regulators, security agencies, and development partners to uphold international best practices.

“Our local instruments must be strengthened through cooperation and partnerships.

“We can truly celebrate only if we sustain the momentum and prevent the conditions that previously led to our listing,” he added.

Onalo praised President Bola Tinubu’s administration for implementing reforms that facilitated the delisting.

According to him, achievement is a testament to improved financial governance and reduced investment risk.

He noted that the exit would not only strengthen cross-border trade but also improve correspondent banking relationships.

The effort, he noted, would also reassure global investors of the nation’s commitment to transparency and financial integrity.

“Nigeria’s delisting signifies that the country has substantially addressed the identified shortcomings and demonstrated strong commitment to global financial security standards,” he said.

NAN reports that the FATF grey list identifies countries with strategic deficiencies in anti-money laundering and counter-terrorist financing frameworks.

Nigeria was placed on the list on Feb. 24, 2023, following gaps in combating illicit financial flows.

The FATF announced the nation’s removal from the list on Oct. 24, after the country met the required compliance standards.

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Federal fire service decorates 130 officers in Kano

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The Kano State Command of the Federal Fire Service (FFS) has decorated 130 officers recently promoted to various ranks in a ceremony held in Kano.

The Command’s Controller in the state, Kazeem Sholadoye disclosed this in a statement issued by the service’s Public Relations Officer, Al-Hassan Kantin on Wednesday in Kano.

Congratulating the officers, the state controller described their promotion as well deserved and a call to greater responsibility and professionalism.

Sholadoye charged the officers to see their new ranks as an opportunity to demonstrate increased commitment to protection of lives and property.

He reminded them that promotion comes with higher expectations in service delivery.

Speaking on behalf of the promoted officers, Deputy Superintendent of Fire in the command, DSF Abdullahi Muhammad expressed appreciation to the management for organising what he described as a befitting ceremony.

He reiterated the readiness of the officers to rededicate themselves to duty and uphold core values of the Federal Fire Service. 

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Tinubu salutes Bisi Akande’s national legacy at 87

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President Bola Tinubu has paid glowing tributes  to Chief Bisi Akande, elder statesman and former APC national chairman, as he marked his 87th birthday.

Tinubu said this in a special tribute  on Thursday to celebrate Akande’s life of service and democratic commitment.

He described Akande as a towering figure who contributed significantly to Nigeria’s political development and democratic institutionalisation.

The President said Akande’s political journey was shaped by Chief Obafemi Awolowo’s progressive ideology and commitment to public service.

Akande began his career as an accountant with British Petroleum before leaving the private sector for public service.

He served as Secretary to the State Government in old Oyo State in 1979 and later became Deputy Governor during the Second Republic.

Tinubu noted that Akande later served as Governor of Osun  from 1999 to 2003, where he further distinguished himself.

As interim chairman of the APC, Akande laid the foundation for the party’s historic victory in 2015, Tinubu said.

The President praised Akande’s leadership, integrity, industry and sacrifices for the party and the nation.

He described Akande as a mentor whose guidance, advice and encouragement shaped his political journey.

Tinubu said Akande’s continued support for his administration and the Renewed Hope Agenda remains invaluable.

He noted that, even at 87, Akande remained a firm advocate of democracy, social justice and good governance.

The President prayed for Akande’s good health and renewed strength as he marked the milestone birthday. 

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Lawal presents certificates to 50 Crescent varsity graduates 9 years after graduation

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Gov Dauda Lawal, on Thursday presented certificates to 50 former students of the Crescent University, Abeokuta, Ogun, nine years after their graduation.

This is contained in a statement by the governor’s spokesperson, Sulaiman Idris in Gusau, Zamfara.

The presentation took place at the Grand Chamber of the Government House, Gusau.

 According to Idris, the former students, who were on the state government’s scholarship,  graduated nine years ago, but could not receive their certificates due to the state government’s failure to settle their outstanding tuition fees owed the institution.

“The former students were left hanging for nine years because their tuition fees were not settled.

“The Crescent University declined to release the students’ results due to the non payment of their outstanding tuition fees.

“The state government, under Gov. Dauda Lawal, after carefully studying the case, reached out to the university and settled the outstanding tuition fees.

“Among the 50 students, is a First Class graduate in Chemistry and several Second Class Upper degree holders,” he said.

While presenting the certificates to the  graduates, Lawal restated his commitment to revamping the educational sector.

Lawal also reaffirmed his administration’s commitment to continue to prioritise education to enhance the even development of the state.

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