Dear KFBers, we have got loads of interesting stories for you on our Major headlines you missed today feature! Enjoy..... ...
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Dear KFBers, we have got loads of interesting stories for you on our Major headlines you missed today feature! Enjoy.....
Lai Mohammed Emerges VP Of World Tourism Body
The United Nations World Tourism Organisation (UNWTO) on Wednesday elected Nigeria as Vice President, Africa at its ongoing 22nd General Assembly in Chengdu, Sichuan Province of Southwest China.The News Agency of Nigeria (NAN) reports the Minister of Information and Culture, Lai Mohammed, who led Nigeria’s delegation to the General Assembly assumed the seat on behalf of the country, for the next two years.
NAN reports that Cape Verde was also elected alongside Nigeria as Vice President, Africa, of the global body charged with the responsibility of ensuring sustainable tourism development.
No fewer than 452 persons have been displaced in Yama village of Shira Local Government Area of Bauchi State as a result of flood disaster. The state’s Information Officer of the State Emergency Management Agency, SEMA, Rufai Yami, disclosed this while giving an update on the disaster.
He said apart from displaced persons, farmlands and property were also destroyed, adding that “at the initial stage, some of the affected victims, who took refuge in some primary schools in the local government, later went to their relatives while others went back to their houses.”
Reacting to the development, Permanent Secretary, SEMA, Shehu Abu Ningi, said the state government had purchased food and non-food items worth N11 million and distributed it to the affected victims. He attributed the flood to indiscriminate disposal of refuse on waterways, which caused the blockage of the drainage.
“As we all know, water must always have its way, so we advise people to avoid erecting buildings on waterways,” he noted.
Over 500 Dead As Congo Cholera Epidemic Spreads
More than 500 people have died so far in a cholera epidemic that is sweeping the Democratic Republic of Congo, the World Health Organization (WHO) said.Outbreaks of the water-borne disease occur regularly in Congo, mainly due to poor sanitation and a lack of access to clean drinking water.
But this year’s epidemic, which has already hit at least 10 urban areas including the capital Kinshasa, is particularly worrying as it comes as about 1.4 million people have been displaced by violence in the central Kasai region.
The WHO said at least 528 people had died and the epidemic had spread to 20 of Congo’s 26 provinces.
“The risk of spread remains very high toward the Grand Kasai region, where degraded sanitary and security conditions further increase vulnerability in the face of the epidemic,” the WHO said in a statement.
EFCC Discovers Patience Jonathan’s N6bn Abuja Plaza
The Economic and Financial Crimes Commission has discovered an uncompleted eight-storey building in a prime area of Abuja allegedly belonging to Patience Jonathan, the wife of former President Goodluck Jonathan.The building, which has been described by the EFCC as a ‘magnificent architectural edifice,’ has not yet been valued by the commission.
However, comparative analysis of similar buildings on several trading sites such as OLX.com and Jiji.ng, within the same area put the worth of the building at N6bn.
A Punch correspondent, who visited the building, which is located within the Central Business District, is between the National Mosque and the Federal Secretariat.
It was alleged in documents sighted by a Punch correspondent that Patience allegedly acquired the property through her foundation known as Aribawa Aurera Reach Out Foundation.
In a document, which has been attached to a court application, the anti-graft agency said it had written to the Corporate Affairs Commission to get the identities of the directors of the foundation who are believed to be fronts for Patience.
The commission further stated that it had written to the Abuja Geographical Information System to get the history of the property and how and when it was bought.
The anti-graft agency has also written eight banks: Skye Bank, Fidelity Bank, First Bank, Union Bank, Guaranty Trust Bank, Zenith Bank, United Bank for Africa and Unity Bank.
The EFCC had a few months ago frozen an account belonging to Aribawa Aurera Reach Out Foundation with account number 1222014221 in Ecobank with a balance of N479m.
The anti-graft agency said there was no way Patience would have been able to afford such a property as her last known job was Permanent Secretary in Bayelsa State.
The document read, “Plot 1350 Cadastral Zone A00 CBD which was allocated to Ariwabai Aurera Reach Out Foundation in 2010 and Certificate of Occupancy issued in 2011. The plot bears an eight-storey building still under construction.
“Inference may be drawn from investigation that the suspect’s (Patience) last known official position was permanent secretary in Bayelsa State. Hence, there is no way such magnificent architectural edifices could have been built within a short space of time.
“There is a high probability that it could have been built with the proceeds of crime. It is evidently clear that it is a case of money laundering but there is a need to do more investigation.”
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CBN Reviews Limits On Mobile Money Transaction, Balance
THE Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.
In a circular to all mobile money operators, signed by the Director, Banking and Payments System Department, CBN, Mr. Dipo Fatokun, the apex bank explained that it was reviewing the requirements in line with its initiative to enhance access to financial services through the Mobile Money Services.
CBN stated: “In line with the initiative of the bank to enhance access to financial services through the Mobile Money Services, the daily transaction limit and balance limit on mobile money wallets have been reviewed to afford users of Mobile Money Services, more flexibility in the use of mobile money wallet.”
The revised limits on transaction and balances, shows that for Know Your Customer (KYC) level-1, daily cumulative transaction limit is N50,000 while cumulative balance limit is N300,000, in line with the three-tiered KYC requirements. For KYC level-2, daily cumulative transaction limit is N200,000 while cumulative balance limit is N500,000.
The revised limits for KYC level-3, according to the circular, are: N5 million daily cumulative transaction limit while cumulative balance is unlimited.
The circular dated September 7, 2017 further stated that BVN is not required for wallet holders on KYC level-1, while those on KYC levels-2 and 3 are mandated to have BVN. “Furthermore, the bank hereby clarifies that the Mobile Money wallet holders on Tiered KYC level-1 are not required to provide Bank Verification Number as part of the KYC documentation, while BVN is mandatory for Mobile Money wallet holders on KYC-levels 2 and 3,” the circular further stated.
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