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A’Ibom Govt Ready To Invest In Pension Equities

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The Akwa-Ibom State Government says it is ready to invest in the pension industry to generate income for the state.
Governor Udom Emmanuel stated this in an interview with newsmen on the sidelines of the on-going World Pension Summit in Abuja.
He said that the accumulation of 5 trillion naira pension fund in the country could create a lot of investment opportunities for interested investors.
“The main reason for this is with over 5 trillion naira, which is over 25 billion dollars, we have a whole lot of investment opportunity where we are doubly sure the pension fund can actually be invested and they can also realise the money because that is the essence of investment.
“You don’t invest to lose your capital; you invest to actually get adequate return on your investment.
“Even in terms of road infrastructure, the economic viability of the roads in the South South (zone) is being linked up by Akwa-Ibom.
“So, we can actually earmark some of these for the investors to come under the PPP (public private partnership) model.
“We as a state government will also be interested in taking up some equity.“
The governor said that pensioners in the state were receiving their monthly pension regularly.
According to him, the state government has been concentrating on the development of infrastructure in the past few months.
“We have concentrated on some of this infrastructures, especially in terms of the human capital development,” he said.
Emmanuel said that the state had the natural resources and the creativity to drive development in all sectors of the economy.
He, however, said that adequate funding was required to develop the infrastructure needed to drive the development process.
“You could actually hear when I talked about the three Cs – cash, commodity and creativity.
“In this case we are creative in ideas, policies and in our approach on programmers that we invent.
“In terms of commodity, we all know how wealthy we are in terms of the abundant natural resources.
“Cash could be a problem, but who owns the cash? It is either the capital market or the pension fund,” he said.
Emmanuel advocated the setting up of an institution that would ensure proper and accurate remittance of pension contributions.
“Once you set up strong institutions, those things are mere administrative.
“We are after building those strong institutions so that processes and procedures can actually run normally.
“So, set up strong institutions and things will happen – policies, procedures and processes will actually run,’’ he said.

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Niger Delta

Rivers Police Burst Car Snatching Syndicate

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The Rivers State Police Command says it has arrested an alleged member of car theft syndicate who specialises in robbing bolt drivers in the state and its environs.
In a press statement in Port Harcourt, the state capital, the Police Public Relations Officer (PPRO), SP Nnamdi Omoni said that operatives of Octopus Strike Force on September 15, 2021, at about 1750hrs, arrested one Nnali Osita, a 21-year-old member of a notorious car snatching syndicate that specialises in robbing Bolt/Uberdrivers in the state.
The statement said, that “while solving a case of car snatching reported by one Yusuf Ogunshola ‘m’, a Bolt driver who was hired from Effurun in Delta State to Port Harcourt, only to be taken to Abel Jumbo Street in Mile 2,Diobu, Port Harcourt, where two other members were already waiting”.
The statement further stated that the Bolt driver,on arrival, was attacked at gunpoint and dispossessed of his personal belongings, including withdrawing the sum of N87,000 from his bank account, adding that he was thereafter locked in a toilet belonging to a new generation church on the same street.
“In the course of our investigation, operatives got some clues which ultimately led them to Gambia Street in Diobu, where they had perfected plans to sell the said car. However, on sighting the police, they abandoned the car, and took to flight but the suspect; Nnali Osita was not lucky, as he was arrested, while others escaped.
“Meanwhile, efforts have been intensified to ensure that the fleeing gang members are arrested and their operational weapons recovered.
“The Commissioner of Police, Friday Eboka has vowed to come hard on all miscreants in the state, and is hereby advising all Bolt/Uber or anybody in the transportation business to be circumspect and shun all mouth-watering offers; being the antics deployed by these criminals to attack their victims.” the statement added.

By: Akujobi Amadi

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Niger Delta

Federal Varsity Admits 2,423 Students,Holds 10th Matriculation

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The Federal University, Otuoke in Bayelsa State has admitted new 2,423 students for its 2021/2022 academic session.
This was made known to newsmen at the weekend during the 10th matriculation ceremony of the institution.
The Tide learnt that the Federal University, Otuoke was amongst the 12 universities established during the former President Goodluck Jonathan’s administration.
In his matriculation speech, the institution’s Vice Chancellor, Prof Teddy Charles Adias cautioned the matriculants against engaging in nefarious activities as students.
He charged students to be serious with their academics, noting that the institution is described as a ‘Family University, just as he added that the school has more than ever become a grooming ground for intellectuals.
“Students of this university are groomed and trained in both intellectual and in character. You’re here to learn, but that you’ve done your matriculation doesn’t mean it’s the end.
“As students members of this family university, you should be Ambassadors of this institution wherever you find yourselves in both learning and character”, he said.
“No nation can develop without a good and competitive intellectual base,. And that is why this Family University was set up to amongst others be part of sister institutions that would build and develop the needed intellectual capacities for our development as a nation”, he added.
The Tide reports that the university admitted freshers into all of its six existing Faculties of Management Sciences, Humanities, Social Sciences, Sciences as well as Engineering and Education.
“A total of 5,692 persons applied for admission for the session, but out of these, a total of 2,423 were selected and granted admission, after going through all the required academic processes needed as qualifications for admission as students members of the university”, the Vice Chancellor said.

By: Ariwera Ibibo-Howells, Yenagoa

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Niger Delta

Police Move To Secure Abducted Doctor, Ex-Senator’s Release

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The Assistant Inspector General of Police in charge of Zone 6, Usman Gomna, has ordered investigation into the abduction of a medical doctor, Nsidibe Umana and former-Akwa Ibom senator, Nelson Effiong.
The AIG’s order is coming even as the command said that it had put in place a crack team to trail the abductors of the two victims.
Nelson Effiong, a former senator representing Akwa Ibom South Senatorial district, was abducted on Sunday, September 5, 2021 while relaxing in his sit-out along Oron Road; while the medical doctor was abducted in his compound in Orukaman Local Government Area of the state on Tuesday, September 14, 2021.
The AIG gave the charge last Friday while responding to a request by the chairman of the state chapter of the Nigeria Medical Association, Dr. Ime Sylvester Udoh, during a meeting with security stakeholders in the state.
Dr. Udoh had raised the alarm over the abduction of the medical doctor and had also called on the Police to rescue the victim alive.
Responding, the AIG said, “Before I came here, I have directed the CP of the command, Andrew Amiengheme, to intensify efforts to see how he can be rescued.”
He reiterated the commitment of the zone in tackling crime and criminality and called on stakeholders to continue to cooperate with the Police by revealing useful information that could help in tackling the crime rate in the states.
Speaking further on the kidnapped medical doctor, the Akwa Ibom State Commissioner of Police, Andrew Amiengheme, said a manhunt had already been put in place to effect the release of the doctor.
“Our men are in the field to ensure the release of that young doctor. Unfortunately, the abductors are asking for N20m and where will the family get that kind of money?
“That is part of the societal problems, and we are asking the stakeholders to quickly expose and not to give them a cover,” Amiengheme said.
On the abduction of the ex-senator, the CP said, “We’re very much on top of the situation. Care must be taken to protect his life in the first instance.
“We must not do anything that will jeopardise his life, a lot has been done, we are observing some restraints so that he is not killed and his perpetrators brought to book.”

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