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Nigeria: Buhari to re-organise nation’s security architecture – Dogara

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The Speaker of the House of Representatives, Yakubu Dogara, on Wednesday said President Muhammadu Buhari was planning a re-organisation of the nation’s security architecture to address ongoing security challenges in parts of the country.

He, however, did not disclose the details of the re-organisation.

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Dogara said this in an interview with State House correspondents after a meeting he and the President of the Senate, Bukola Saraki, had with Buhari at the Presidential Villa, Abuja.

“The President has taken enough steps, these are security issues, they are not matters that you can discuss; but he has told us what he is doing, the re-organisation that he plans to put in place to ensure that this doesn’t happen,” he said.

Dogara said Buhari briefed them on what he saw firsthand when he visited the troubled state on Tuesday and the measures he was putting in place to forestall recurrence.

 

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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