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CIBN rekindle strives to enable Nigerian lawmakers pass FSS bill.

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The Chartered Institute of Bankers of Nigeria (CIBN) has appealed to the National Assembly to pass the Financial System Strategy (FSS) Bill into law to promote financial inclusion and strengthen electronic payment system.

A statement by the Spokesperson for the Institute, Mrs Folake Akintayo, said the CIBN President, Prof. Segun Ajibola, made the appeal in Abuja during a visit to the Senate President, Dr Bukola Saraki.



Ajobola also urged the National Assembly to pass other bills pending before it like the Nigeria International Financial Centre Bill, Financial Consumer Protection Bill and the Electronic Payment System Bill.

He said that the bills were critical to the year 2020 targeted at products innovation and creation of enabling environment for financial institutions in effective, efficient and sustainable manner.The CIBN boss commended the Senate for passing the Collateral Securities Bill into law.

 

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“The passage of 15 other major economic bills into law and review of over 50 existing extant laws shows the exemplary leadership of the Senate President.

“The Collateral Registry Bill has provided an enhanced environment for Micro, Small and Medium Enterprises (SMMEs) to access credit,” Ajibola said.

He said that the institute would soon approach the National Assembly to amend its extant law, Act No. 5 of 2007, to further strengthen it’s capacity to deliver its statutory mandate.

Responding, the Senate President said the Senate, under his leadership, had passed several bills geared towards strengthening the financial sector for the overall growth of the economy.

“Nigeria has demographics that highlight that more than 70 per cent of the population is in the youth bracket which is an asset to the nation and must be properly utilised.

“The only option is to create conducive environment for the youth to exploit their talents,” Saraki said.

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Sudan Helicopter mishap leaves Governor, six others dead.

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At least seven local government officials were killed in a helicopter crash in Sudan’s eastern al-Qadarif state on Sunday, state news agency SUNA reported.



The state’s governor and three security officials were among the dead. A number of people were also injured in the incident, SUNA said.

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The officials had been carrying out a security tour of the province.

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It was not immediately clear what caused the crash. State TV earlier reported that a plane, not a helicopter, had crashed. Al-Qadarif state is known for its farmland and agricultural projects.

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2018 ‘Unity Day’ marked with students in Ethiopia.

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The job of a leader of government is demanding, more so for a country of over a hundred million plus citizens.

Ethiopia’s Prime Minister, Abiy Ahmed, aside his high level engagements at home and with foreign visitors paying courtesy calls on him, made time last Friday to engage with young people.

The office of the Prime Minister reported of Abiy’s meeting with 140 grade six students pooled from across the country. The occasion was to mark the 13th edition of the Nations and Nationalities day.



Photos showed Abiy in a hearty engagement with the students in a garden at his office complex in the capital, Addis Ababa.

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Every December 8 is celebrated each year on a national scope as the day on which the rights and equality of the Ethiopian nations, nationalities and peoples were fully guaranteed under Federal Democratic Republic of Ethiopia Constitution.

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