Showing posts with label National Newz. Show all posts
Showing posts with label National Newz. Show all posts

Diamond Bank has been Acquired by Access Bank

Diamond Bank had last week announced its decision to drop its international operating licence to focus on national operations following capitalisation issues. The official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN.
The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry.

Uzoma Dozie, the bank’s Chief Executive Officer, confirmed the development. “With this approval, the bank will cease to operate as an international bank,” Dozie had said.

“The re-licensing as a national bank supports Diamond Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian retail banking market, and the economy as a whole.

“The move follows Diamond Bank’s decision to sell its international operations, which included the disposal of its West African Subsidiary in 2017 and Diamond Bank UK, the sale of which is currently in its final stages.

“The change to national bank status also enables the bank to maintain a lower minimum capital requirement of 10 per cent, as against 15 per cent required for international banks.”

Nnamdi Kanu Informs about ISIS

Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB, warned that the dreaded Islamist State for Iraq and Syria, ISIS, would soon take their bloodletting campaign to Nigeria’s territory.

In a broadcast aired on Radio Biafra over the weekend, Kanu, who is currently on exile in Israel said mothers would be raped during the terror attacks. The IPOB leader said more Nigerians will be killed if leaders fail to carry out their responsibilities.

According to Kanu, “You think I am joking. They are coming. Your mothers will be raped. Your sisters will be married off as slaves. Biafra land will be decimated unless we equip this army. The worst is yet to come and more innocent people will lose their lives if community leaders fail to do the needful.”

He further said , “I have the men. I need guns and I need bullets. That is all we need, and then we will win. I have been sounding this warning, and I have been telling you, ‘osi na ofu nti banye, osi na ko ozo puo”.

New Measures to Check Vote Buying

Professor Mahud Yakubu, The Independent National Electoral Commission ( INEC) , Chairman said in the 2019 polls, the ballot papers would be handed to voters rolled up before they proceed to the polling booths to cast their votes.

The Independent National Electoral Commission (INEC) has introduced a new measure on ballot paper handling at polling units to check vote buying in the 2019 general elections.

Professor Yakubu, disclosed this at a public hearing on ‘Vote Buying and Improving Electoral Processes in Nigeria’ in Abuja on Monday.

Professor Yakubu said in the 2019 polls, the ballot papers would be handed to voters rolled up before they proceed to the polling booths to cast their votes.

He explained that the voters, in turn, must also roll up and flatten the ballot papers before leaving the polling booths to drop them in the ballot boxes.

He said it would guard against the electorate displaying thump-printed ballot papers to agents of vote buyers at the polling units.

“Since 1999, we have had several confessional statements by many partisan actors on how an electoral process is subverted and voters and electoral personnel are induced.

“They do this through food items, kitchen utensils, automobiles, electrical appliances, clothing toiletries, sandwich and so on.

“By sandwich I am not talking about food. There is a way candidates induce voters using two slices of bread; sandwiched in between the two slices is a currency note,” Professor Yakubu said