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NYCN thanks Buhari, Hails Youth and Sports Minister’s Initiative on the Establishment of the National Youth Investment Funds.

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NYCN Thanks Buhari for approving 75 Billion Youth Investment Fund
NYCN thanks Buhari, Hails Youth and Sports Minister’s Initiative on the Establishment of the National Youth Investment Funds.

The National Youth Council of Nigeria led by its President, Amb. Sukubo Sara-Igbe Sukubo has commended the Honourable, Hon. Sunday Dare for his innovative resourcefulness that has resulted in the establishment and approval of the N75 Billion naira National Youth Investment Found (NYIF) by President Muhammadu Buhari.  

The Minister, ably represented by the Permanent Secretary of the Ministry, Mr Gabriel Aduda, while receiving the National Youth Executives at the Moshood Abiola Stadium, noted that the NYCN has taken a bold and commendable step to thank Mr President on the establishment of the NYIF.

Sokubo Presents Letter of Commendation to the Honourable Minister of Youths and Sport, Mr. Sunday Dare

He stated that the Memo on the establishment of the fund was thoroughly debated and it enjoyed an overwhelming support by members of the Federal Executive Council.

This gesture is to enable the teeming population of the Nigerian youth to be economically motivated for sustainability.  

Mr Dare added that it is important to go beyond empowering the youth into investing in the youth of Nigeria with a common pulse that supports entrepreneurship and small businesses as well as provide the environment for youth to fly with their ideas.

He stated that the 75Billion naira will come in three trenches between now and 2023 nothing that Mr President has given directives to the Minister of Finance, Budget and National Planning alongside the Central Bank Governor to source for the money.

According to the Minister, the Ministry through the Technical/Steering Committees that shall be put in place,which will include the youths, shall be working on modalities to enable Nigerian youth have access to the fund and pay back within a short period with not more than 1 digit interest rate.

He implored the youth to come up with innovative ideas that could lead to wealth/job creation and which can as well achieve any of the 9 cardinal goal of the present administration.

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The President, National Youth Council of Nigeria, Amb. Sukubo Sara-Igbe Sukubo, in his response, expressed gratitude to the Honourable Minster whose supervision in the youth constituency has recorded massive positive developments including the National Youth Investment Fund recently approved by Mr President.

Sukubo noted that Nigerian youth have experienced a breath of fresh air and hope is kept alive owing to the visionary foresight of the Minister for the growth of the youth of this country.

‘To all my fellow Nigerian youths, it is a new dawn for us, the sound of hope echoes in the air. The long awaited dream has become a reality and I can testify that there is a song of joy in our lips, he said.

In his vote of thanks, the Hon. Commissioner for Pan Africa Union in Nigeria, Mr. Niyi Oladele, thanked President Buhari for the economic empowerment by creating this National Youth Investment Fund for the Nigerian youth and other programmes of the ministry on social media to keep the youths off the streets.

He however made a call to the President to kindly direct all youths related activities and programmes scattered in other Ministries, Departments and Agencies of government to be redeployed and warehoused in the Ministry of Youth and Sports Development for proper coordination.  

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Omoyele Sowore appears in court with a Native Doctor in Abuja (photos)

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sowore omoleye with his native doctor

There was a mild drama at the Wuse, Zone 2 Magistrate Court Abuja this morning March 2, as a traditional spiritual leader dressed in full regalia accompanied human rights activist, Omoyele Sowore in solidarity for the commencement of his trial.

Sowore was arrested alongside four others on December 31st 2020, for organizing a candlelight procession and charged for alleged criminal conspiracy, unlawful assembly, and inciting public disturbance. The commencement of his trial was scheduled for today.

Native doctor follows Omoyele Sowore to court in Abuja (photos)

The native doctor was seen waving his horsewhip and gourd in the air while chanting some incantations ahead of the commencement of trial.

Native doctor follows Omoyele Sowore to court in Abuja (photos)Native doctor follows Omoyele Sowore to court in Abuja (photos)Native doctor follows Omoyele Sowore to court in Abuja (photos)

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EFCC arraigns Dutch couple and company for $330,000 oil vessel fraud (photos)

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EFCC arraigns Dutch couple and company for $330,000 oil vessel fraud (photos)

The Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arraigned a Dutch couple identified as Peiter Borremans and Nkechi Borremans alongside Lagon Trade Limited before Justice E. A. Obile of the Federal High Court, sitting in Port Harcourt, Rivers State for suspected fraudulent dealings involving a marine Tanker Vessel to the tune of $330,000 (Three Hundred and Thirty Thousand United States Dollars).

They were arraigned on two- count charges bordering on conspiracy and obtaining by false pretenses contrary to Section 1(1) (a) and (2) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.

EFCC arraigns Dutch couple and company for $330,000 oil vessel fraud (photos)

One of the counts reads

“That you, Peiter Borremans, Nkechi Borremans, and Lagon Trade Limited, on or about the 31st day of July, 2014 at Port Harcourt within the jurisdiction of this Honourable Court with intent to defraud did obtain the sum of Three Hundred and Thirty Thousand Dollars ($330,000:00) only from Jackkyson Multi Services Limited and Alot General Services Limited, as advance payment meant for the purchase of Marine Tanker Vessel, a pretext you knew to be false and thereby committed an offence contrary to Section 1(1)(a) and (2) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act”.

They pleaded “not guilty” to the charges when they were read to them.  In view of their pleas, prosecuting counsel, N. A. Dodo prayed the court for a date for commencement of trial and for the defendants to be remanded in a Correctional Centre.

Defence counsel, C. A. Okowanya informed the court of oral applications for the bail of his clients and prayed that the defendants be remanded in EFCC custody due to the second wave of Covid-19.

Justice Obile adjourned the matter till March 31, 2021 for the commencement of trial and remanded the defendants in EFCC custody.

Trouble started for the couple when a petitioner alleged that his company: Jackkyson Multi Services Limited and Alot General services Limited, offered to purchase a Marine Tanker Vessel from  Lagon Trade Limited (belonging to Peiter Borremans and Nkechi Borremans) for One Million One Hundred Thousand United States Dollars(  $1,100,000) and made a part payment of Three Hundred and Thirty Thousand Dollars ($330,000:00).

The defendants allegedly vanished into thin air after collecting the money and all efforts to get a refund or delivery of the Vessel proved abortive.

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5G might expose Nigeria to “eavesdropping, tracking, cyber-attacks, military and industrial espionage” – NSA

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The office of the National Security Adviser (NSA) has expressed its fear with the deployment of 5th Generation (5G) technology in the country.

Bala Fakandu, director of communications in NSA who appeared before the senate committee on communications on Thursday February 25, said they are concerned about the deliberate vulnerabilities and backdoors within the 5G network equipment, which according to him might expose Nigeria to “eavesdropping, tracking, cyber-attacks, military and industrial espionage and other malicious activities by foreign actors.”

Fakandu also asked the ministry of communications and digital economy to carry them along in the formulation of the policy that would guide the use of 5G in the country.

He said;

“We are concerned about the deliberate vulnerabilities and backdoors within the 5G network equipment.

“That is one of the key concerns we have and this will make the infrastructure highly susceptible to eavesdropping, tracking, cyber-attacks, military and industrial espionage and other malicious activities by foreign actors.

“We understand these are things that will be put in place particularly in the policy the minister has talked about.

“I need to emphasise it so that the stakeholders in the telecommunications industry will understand where we are coming from because the national security concerns is the concern of the office of the national security adviser and of the president as well.”

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