CBN appoints new executives for Union, Keystone, Polaris banks

 The Central Bank of Nigeria (CBN) has appointed new executives for Union, Polaris, and Keystone banks following the dissolution of their management and boards on Wednesday.

The new set of appointees were confirmed in a statement by CBN spokesperson Hakama Sidi Ali.

“Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10, the CBN has appointed new executives to oversee the affairs of the banks,” Ali announced.

She confirmed that for Union Bank, Yetunde Oni has been appointed as the new Managing Director/Chief Executive Officer while Mannir Ubali Ringim is the new Executive Director.

Hassan Imam is the new Managing Director/Chief Executive Officer of Keystone Bank with Chioma A. Mang appointed as an Executive Director.

Polaris Bank has Lawal Mudathir Omokayode Akintola as the new Managing Director/Chief Executive Officer while Chris Onyeka Ofikulu has been appointed as an Executive Director.

Ali said the appointments take immediate effect.

The CBN official said it became necessary to dissolve the boards of the three commercial banks, Union, Polaris and Keystone due to “non-compliance of these banks and their respective boards with provisions of sections 12(c), (f), (g) and (h) of Banks and Other Financial Institutions Act, 2020.”

“X” USERS TO ENJOY PEER-TO-PEER PAYMENTS -ELON MUSK

 Elon Musk’s X, formerly known as Twitter, is set to introduce a new peer-to-peer payment system this year.

The tech mogul, who acquired the social media platform two years ago, envisions transforming it into an all-encompassing app, where users can seamlessly conduct various aspects of their lives in one place.

In an official blog post, Elon Musk’s X stated that the introduction of peer-to-peer payments is scheduled for 2024, aiming to enhance user utility and create fresh opportunities for commerce. The move aligns with Musk’s broader vision of turning X into a versatile platform for users.

The company emphasized its commitment to deploy Artificial Intelligence (AI) in 2024, aiming to elevate the user experience on the platform. Musk’s X envisions leveraging AI for tasks ranging from enhancing search functionalities to refining advertisements and fostering a deeper understanding of customer behavior.

“We will increasingly power the X user and advertising experience through Artificial Intelligence — from enhancing search and improving ads to fueling a new level of customer understanding,” stated the company in its official statement.

As part of its achievements in 2023, Elon Musk’s X disclosed substantial investments in content creators, with 80,000 individuals being compensated through its ads revenue-sharing program within a year. The platform claimed to enhance the relevance and impact of advertising by bringing organic and ad algorithms closer together. This approach, coupled with the launch of new products and content partnerships, contributed to a notable 22% increase in total ad engagements.

Elon Musk’s X has been making waves globally, extending its ad revenue-sharing model to content creators beyond the United States. Notably, Nigerian content creators received payments from X, creating a buzz on social media.

The company’s foray into peer-to-peer payments and its commitment to AI advancements signal Elon Musk’s relentless pursuit of innovation and the evolution of his platforms beyond traditional boundaries. Keep an eye on X as it continues to redefine the digital landscape in 2024.

13 wounded in Russian strike on hotel in Ukraine

 Two Russian missiles struck a hotel in Ukraine’s second city Kharkiv, injuring 13 people including foreign journalists, local authorities said Thursday.

The strikes on Wednesday evening came as both Moscow and Kyiv accuse each other of inflicting dozens of civilian casualties in a sharp escalation of attacks.

“Thirteen people were injured,” including a Turkish citizen and a Georgian, the prosecutor general’s office said.

“Two missiles hit a hotel in the centre of Kharkiv. There were no military personnel there. Instead, there were 30 civilians,” Mayor Igor Terekhov posted on Telegram.

One of the wounded is in “very serious condition”, he said, adding that “Turkish journalists are among the victims”.

Oleg Synegubov, head of the Kharkiv regional military administration, said S-300 missiles were fired from the Russian frontier region of Belgorod, adding that a 35-year-old man was hospitalised in serious condition”.

Several other buildings, including two apartment blocks, were also reported damaged in the latest strike.

“In addition to the hotel, residential buildings were affected — one communal, one private, a car dealership and a manufacturing enterprise,” Mayor Terekhov said.

Located about 30 kilometres (19 miles) from the Russian border, Ukraine’s second-largest city has seen regular and often deadly aerial assaults.

Across the border, the Russian defence ministry said it had downed four Ukrainian drones over the Tula, Kaluga and Rostov regions.

Voronezh region governor Aleksandr Gusev also reported that a Ukrainian drone had hit “the roof of a non-residential building” overnight, although said there was “no harm done”.

3 die in Ebonyi auto crash

 

The Federal Road Safety Corps (FRSC) said on Wednesday that three persons had been confirmed dead in a road accident that occurred on Enugu-Abakaliki expressway, in Ebonyi.

The accident, according to the FRSC Sector Commander in Ebonyi, Mr Igwe Nnabuife, eft three others injured.

Nnabuife told the News Agency of Nigeria (NAN) in Abakaliki that the multiple accident involved two vehicles, a Lexus jeep and a motorcycle.

“It occurred around 4:19pm today, Wednesday, around the permanent site of Ebonyi State University (EBSU).

“Six persons were involved. Three died and three others sustained injuries.

“The injured ones are receiving treatment at Alex-Ekwueme Federal Teaching Hospital,” he said.

The sector Commander warned drivers on speeding and reckless driving, urging caution in order to save lives.

“We must learn to manage our speed while driving; obey the rules guiding driving on the road,” Nnabuife advised motorists.

President Tinubu appoints new board, management of NAHCOM, NCPC

 President Bola Ahmed Tinubu has approved the appointment of a new board and management team for the National Hajj Commission (NAHCOM) and the Nigerian Christian Pilgrims Commission (NCPC).

A statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Wednesday in Abuja, said the appointments were pending confirmation by the Senate.

The board and management of NAHCOM include Mr Jalal Arab, Chairman, and Aliu Abdulrazaq, Commissioner, Policy, Personnel, & Finance

Others are Prince Anofi Elegush, Commissioner, Operations and Prof. Abubakar A. Yagawal, Commissioner, Planning & Research

The eight new appointed NAHCOM zonal representatives include Dr Muhammad Umaru Ndagi, North Central; Abba Jato Kala, North East and Sheikh Muhammad Bin Othman, North West

The rest are Tajudeen Oladejo Abefe, South West; Aishat Obi Ahmed, South East; Zainab Musa, South South; Prof. Musa Inuwa Fodio, Jama’atul Nasril Islam and Prof. Adedimeji Mahfouz Adebola, Nigerian Supreme Council for Islamic Affairs.

Similarly, the President approved the appointment of nine board members for the Nigerian Christian Pilgrim Commission with Col. Aloche Adole as Chairman and Dr Stephen Adegbite as Secretary.

The other members are Omowumi Olubunmi Ogunlola- South West, Clement Alobu Nweke, South East and Chief Prince Weli Wosu, South South.

Others are Prof. Joseph Haruna Mamman, North West; Dr Toma Hamidu Ragnjiya, North East; Dr Simon Abu Samson Dolly, North Central and Bishop Raphael Benjamin Nwankwo, Christian Association of Nigeria (CAN).

The President charged the new appointees to consider their appointment as an opportunity to serve the nation, urging them to commit themselves to this important purpose.

When Donating Thinking about Impact Potential

 The idea that foundations can have contest feels like an odd idea to contemplate. Nonetheless, noble cause depend on benefactors not only for the beneficent demonstrations that they perform yet additionally for their actual endurance.

How do Charity stick out?

They normally do as such by discussing how much their work is helping a specific reason. Be that as it may, getting misdirected by such talk can be simple. Numerous associations could drill down unambiguous insights regarding how they are helping individuals. In any case, the inquiry you ought to pose to yourself is what the effect was.

Did their activities really prompt a decrease in the issue that they are attempting to address? Or is this one of those instances where the treatment focuses solely on the symptom rather than the root cause?

Recollect that assuming a cause figures out how to take care of an issue, it kind of prevents that specific road from getting gifts.

You likewise need to be cautious while giving to a foundation after a cataclysmic event like the new Turkey seismic tremor.

Preferably, you need to give to an association that as of now has an on-the-ground presence. Those all around on the ground have deep rooted coordinated operations and means to rapidly dispatch help.

Exploring the amount of an effect your gift will make is likewise essential in guaranteeing that assets are going to something that will really help individuals. This is firmly connected with the following point, which is about believability?

Crucial Aspects to Keep in Mind When Donating to an NGO

 

Giving to a foundation is a demonstration that can possibly change the existences of individuals across the world. Sadly, we actually live in when not every person approaches the essential necessities of life.

Indeed, even in 2023, there are endless issues that plague countless individuals, large numbers of whom live in surprisingly evolved nations.

In today's article, we're going to look at a few things that should be known by anyone who is thinking about giving to a charity.

Tragically, there are numerous associations that exploit the generosity of individuals, and the cash you give might in all likelihood never contact individuals they guarantee it will. We should plunge further.