Traders at the Slaughter Market, Port Harcourt, have called on the Rivers State Police Commissioner, Mustapha Dandaura, to caution his men attached to the Rivers State Task Force on Street Trading, Illegal Markets and Motor Parks against unnecessary attacks on traders.
The Secretary, Meat Sellers Association, Slaughter Market chapter, Mr ThankGod Amadi, made the call while reacting to the destruction of some vehicles around the slaughter axis of the state by persons suspected to be members of the task force, last Saturday.
According to him, some men donning the task force vest stormed the park situated at the market last Saturday and unleashed terror on vehicles parked within.
“I’m calling on the Commissioner of Police of Rivers State Command, to call his men to order. If you watch these men in task force, some of them have cutlasses, some of them carry other offensive weapons. We understand offensive weapon is not permitted by any human apart from the law enforcement agency, but these boys use offensive weapons in the name of task force,” he said.
Some commercial drivers on the Slaughter/Woji/Artillery route alleged that an official of the Slaughter branch of the task force, Mr Uzoma Julius, led policemen to the park at the Slaughter Market last Saturday and destroyed the wind shields of more than 36 vehicles parked within the park.
They complained that the task force has refused to show them designated areas where commercial drivers could pick and drop passengers, but only derive joy in chasing them away.
Amadi said, “we’re not expecting all this. The chairman of the task force, Julius Uzoma, while we were just sitting here, we saw him with boys carrying machetes; so for our safety purpose,we just ran away, we don’t know what happened”.
However, the state coordinator of the taskforce, Mr Bright Amaewhule, in a chat with newsmen, denied that his men destroyed vehicles around the slaughter axis of Port Harcourt at the weekend.
He stated that the vehicles were destroyed by hoodlums who attacked officials of the task force around slaughter.
“Last weekend to be precise, while my men were on operation within Trans Amadi axis, some hoodlums and cult members who operate within that Trans Amadi roundabout axis, on sighting our task force boys went after them and they had to resist their attacks. They now ran into that area where stones were being used to attack them.
“Even our own vehicle was vandalised, some of the vehicles which were parked around that area were now attacked, their wind screens were now hit by the stones. That is what my zonal leaders in that area informed me about”, Amaewhule said.
CIBN Holds Virtual AGM, Elects Olugbemi 21st President
The Chartered Institute of Bankers of Nigeria (CIBN) has elected Prof. Bayo Olugbemi as the 21st President of the institute, alongside other officers whose tenure would run from 2020 to 2022.
The announcement of Olugbemi’s emergence, along with other elected officers, was one of the highlights of the institute’s virtual Annual General Meeting on Saturday, where it reviewed the 2019 financial and operational reports.
The meeting which was coordinated and chaired by the outgoing president of the institute, Dr Uche Olowu, had members participating from across the world.
Speaking on the 2019 operations, Olowu informed members that the Institute had made noteworthy improvement as a reference point in the country and across the globe.
He said that all the CIBN subsidiaries from the Centre for Financial Studies to the Press were maintaining winning ways and would continue to experience improved performance.
In the area of capacity building, he said the Institute had reviewed the syllabus of flagship Associate of Chartered Institute of Bankers (ACIB) qualification in conjunction with a top consulting firm (PwC).
According to him, this is in a bid to keep the ACIB qualification relevant and ensure that the contents meet with global standard.
He said that the electronic library which consisted electronic books, journals and other resources provided round-the-clock information and had been acquired by the CIBN Library for easy access to its users.
Olowu said that a former president of the Institute, Dr Olusegun Aina, had been re-elected as Chairman of the Global Education Standard Board.
He also said the Institute had expanded its examination centres to Liberia, bringing the number of foreign examination outposts to five, with one in Katsina State, Nigeria.
In the area of collaboration, Olowu said that the Bankers’ Committee had approved Ethics Certification for staff of banks.
He said that 87,000 bank staff had registered on the e-learning platform, while a sizeable number had completed the certification programme.
At the event, the National Treasurer of the Institute, Prof. Deji Olanrewaju, gave the financial highlights of the Institute in 2019.
Also, Mr Mark Ariemuduigho of Baker Tilly International Nigeria, external auditors of the institute, gave reports for 2019 financials and stated that the financial position of the CIBN was in agreement with the book of accounts.
The Chairman of the CIBN Audit Committee, Mr Babatunde Oduwaye, affirmed that the accounting and reporting policies of the institute were in accordance with legal requirements and ethical practices.
Oil Price Rises Above $34, As OPEC Meets, Today
The international oil benchmark, Brent crude, extended its gains last Friday, climbing to as high as $34.91 a barrel on rising hopes of a new global deal to cut crude supply.
Brent soared as much as 47 per cent last Thursday for its highest intraday percentage gain on record.
The upturn in crude oil prices came after the United States President, Donald Trump, said he expected that Saudi Arabia and Russia would agree to new oil production cuts.
Brent had fallen to an 18-year low of $22 per barrel as at last Monday as a coronavirus-driven lockdown severely reduced oil demand amid an escalating price war between Saudi Arabia and Russia.
The Federal Government, which was looking to generate 32.34 per cent (N2.64tn) of expected total revenue from oil, was forced to propose the reduction of the benchmark to $30 from $57 on the back of the sharp drop in oil prices.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies, led by Russia, are working on a deal for an unprecedented production cut equivalent to about 10 per cent of global supply, an OPEC source said, according to Reuters.
Oil prices slumped 65 per cent in the first quarter of this year on a demand slump caused by the global coronavirus outbreak and moves by Russia and Saudi Arabia to flood the market after their failure last month to extend much smaller OPEC+ supply cuts.
A meeting of OPEC and its allies, a grouping known as OPEC+, has been scheduled for Monday, (today) the Azerbaijan energy ministry said, but details on the distribution of production cuts were thin on the ground.
Trump said last Thursday that he had spoken with both Russian President, Vladimir Putin and Saudi Crown, Prince Mohammed bin Salman, and they had agreed to reduce supplies by 10 million to 15 million barrels per day out of total global supply of about 100 million bpd.
Trump said he did not make any concessions, such as agreeing to a US production cut – a move forbidden by US anti-trust legislation.
The Head of the International Energy Agency, Fatih Birol, said that even if OPEC+ cut supply by 10 million bpd, global oil stocks would build by 15 million bpd in the second quarter.
“With a now discussed cut of 10 million bpd … the oil industry would get at least three weeks more room to prepare for hitting the wall when there are no more places to put the excess production,” said Rystad Energy’s Per Magnus Nysveen.
Four Firms Bid For Purchase Of Stock Exchange Building In PH
Four companies have bidded for the purchase of the abandoned 17-storey Nigerian Stock Exchange building along Aba Road, Port Harcourt.
The four companies which include,Center Escencia, Techno Construction Limited, Techno Metal Plastic Nigeria Limited and Estate 2000 Construction Limited, made their intentions known during the competitive bidding ceremony organised by the Rivers State Ministry of Housing for the purchase of the building.
The Rivers State Commissioner for Housing, Elder Tasie Nwobueze told newsmen at the ceremony that the process was fair and transparent.
Elder Nwobueze said tenders for the purchase of the building was published in some national newspapers, adding that so far, four companies which met the criteria were participating in the bidding process.
He said the ministry’s Tenders Board would assess the various applications with a view to selecting the best among them.
According to him, the committee may not necessarily look at the highest bidders but competence will be brought to bear in who gets the building.
Also speaking, the Permanent Secretary, Rivers State Ministry of Housing and Chairman of the Interministerial Tenders Board, Mr Felix Odungweru, described the bidding process as very transparent. \
Odungweru said that the state government was out to ensure that the building is restored to its original concept of 17 floor.
He said the committee would analyse all the submissions of the bidders to determine their eligibility and make recommendations to the state government.
Politics4 days ago
Bayelsa, Kogi Guber Polls: A’court orders INEC to respond to APP’s appeal
News4 days ago
Nnamdi Kanu Reacts As Lagos Denies Knowing Abba Kyari’s Whereabouts
Niger Delta4 days ago
1,400 Stranded At Itu Bridgehead
Featured3 days ago
Wike Lifts Curfew On Parts Of Port Harcourt …Lifts Suspension Of Obio/Akpor LG Chairman, Deputy …As RSG Moves To Implement Palliatives
Politics4 days ago
LG Boss Orders Closure Of Shops, Markets In Eket
Featured3 days ago
US, UK Diaspora Groups Hail Wike’s Measures Against COVID-19 Spread
Business4 days ago
COVID-19: African Finance Ministers Demand Debt Relief From Partners
Business4 days ago
SEC Urges Firms To Publish Impact Of COVID-19 On Businesses