Business
Bank Reform: IGI Lauds FG
Industrial and General Insurance Plc (IGI), has commended the government and the various regulating agencies for their effort to sanitise the country’s financial sector.
Chijuoke Ezikpe who is IGI’s vice chairman made this commendation while responding to journalists? questions during the recently concluded Lagos International Trade Tair Ezeikpe disclosed that his company was among the companies that called for the on-going reforms, adding that his company knew way back in time that a reform is needed in the nation’s financial sector.
He disclosed that IGI was the first insurance company in Nigeria to own a bank, adding that IGI bought Global Trust Bank, Uganda because his company is an intercontinental company.
According to him, “I am sure you know that IGI is the first and the only insurance company in Nigeria to own a bank. We are the first and we shall remain to be the first.
The IGI top shot however, bemoaned the poor situation of all the roads that lead to the fair ground, describing them as “nightmarish experiences”.
In his words, “I know the route to this very colourful exhibition had its normal twists, bends and bumps. I know it because literally all the roads leading to the fair, whether from Oshodi, Apapa or Ojo are still in deplorable states of repair. These roads still expose the public to nightmarish experiences”.
The IGI boss promised that his firm’s management is poised to build an organisation that is self configuring, self diagnosing and self healing.
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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