Wednesday, October 9, 2019
Video - Blogger/Photojournalist defies odds by chasing his dreams with one arm
About 19 million Nigerians live with some form of disability - majority of them having very significant difficulties in carrying on with their daily lives. But Blogger and Photojournalist Masara Kim has gone against all odds to be one of the best in his field.
Video - Parents in Nigeria adopt innovative options to discipline their children
The question of whether spanking a child translates to discipline or abuse has been dominating conversations around Africa. Nigeria is no exception. In this next report, CGTN's Kelechi Emakalam examines how Nigerian parents are devising other means of disciplining their children without using the cane.
Pirate activites drop in Nigeria
Recent records had shown drop in maritime crime and piracy in Nigeria and the Gulf of Guinea, head of the Nigerian Maritime Administration and Safety Agency (NIMASA) said here Tuesday.
Addressing the ongoing Global Maritime Security Conference holding in Abuja, Nigeria's capital, Dakuku Peterside, NIMASA's director-general, said there have been improvement through different initiatives to tackle maritime insecurity.
According to the International Maritime Bureau (IMB), 73 percent of all sea kidnapping and 92 percent of hostage-takings occur in the Gulf of Guinea off Nigeria, Guinea, Togo, Benin and Cameroon.
Recently, the organization has noted "a welcome and marked decrease" in attacks in the region due to an increase in Nigerian Navy patrols.
Twenty-one incidents have been recorded around Nigeria as at July this year, compared to 31 in the same period of 2018, said Peterside.
The Nigerian official however reiterated the need for more partnership and collaboration between relevant stakeholders to tackle the maritime insecurity menace in the region.
Peterside told his audience that safe and secured waterways will boost maritime transportation in Nigeria and in the continent.
He said member states in the region had agreed to deal with the issue of insecurity of waterways from its roots and had developed initiatives to ensure this.
Xinhua
Related stories: Nigeria loses $1.5bn monthly to sea pirates and fuel fraud
Video - Nigerian government extends anti-piracy operation by 3 months
Video - Piracy in Nigeria
Addressing the ongoing Global Maritime Security Conference holding in Abuja, Nigeria's capital, Dakuku Peterside, NIMASA's director-general, said there have been improvement through different initiatives to tackle maritime insecurity.
According to the International Maritime Bureau (IMB), 73 percent of all sea kidnapping and 92 percent of hostage-takings occur in the Gulf of Guinea off Nigeria, Guinea, Togo, Benin and Cameroon.
Recently, the organization has noted "a welcome and marked decrease" in attacks in the region due to an increase in Nigerian Navy patrols.
Twenty-one incidents have been recorded around Nigeria as at July this year, compared to 31 in the same period of 2018, said Peterside.
The Nigerian official however reiterated the need for more partnership and collaboration between relevant stakeholders to tackle the maritime insecurity menace in the region.
Peterside told his audience that safe and secured waterways will boost maritime transportation in Nigeria and in the continent.
He said member states in the region had agreed to deal with the issue of insecurity of waterways from its roots and had developed initiatives to ensure this.
Xinhua
Related stories: Nigeria loses $1.5bn monthly to sea pirates and fuel fraud
Video - Nigerian government extends anti-piracy operation by 3 months
Video - Piracy in Nigeria
Nigeria's $875 million case against JPMorgan alllowed to proceed
An $875 million Nigerian government lawsuit against U.S. bank JPMorgan is clear to move forward after a London-based appeals court on Tuesday rejected the bank’s bid to have the case dismissed.
The bank had asked the court to quash the Nigerian government’s case, arguing that it had no prospect of success. All three justices at the Court of Appeal in London rejected JPMorgan’s argument in a ruling.
“I have formed no view as to the overall merits of the (government’s) claim but there is nothing in the terms of the depository agreement which entitles (JP) Morgan Chase to bring the proceedings to an end at this stage,” Lady Justice Rose wrote in the decision.
Tuesday’s decision upheld a February ruling from a lower court.
Nigeria is suing JPMorgan for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.
The bank declined to comment on Tuesday's ruling. It has said it considers the allegations against it "unsubstantiated and without merit", and that it would fight the case in court.
A spokesman for Nigeria’s attorney general did not immediately respond to requests for comment.
The case is one of several revolving around a $1.3 billion payment from oil companies Shell (RDSa.L) and Eni (ENI.MI) to secure offshore oilfield OPL 245.
The main trial related to OPL 245 is being held in Milan.
JPMorgan, acting under the instruction of previous Nigerian government officials, transferred money from those payments from an escrow account into accounts controlled by the previous operator of the block, Malabu Oil and Gas, itself controlled by former oil minister Dan Etete.
JPMorgan argued in its effort to dismiss the case that the approvals from those government officials was sufficient but the Nigerian government alleges that the bank’s transfers violated the duty of care owed to the government as a client.
Nigeria has also filed a $1.1 billion lawsuit in London against Shell and Eni over the deal.
Shell, Eni and their executives, have denied any wrongdoing. Etete, who was convicted of money laundering in France in 2007, has also denied charges against him.
The oilfield’s original license was awarded to Malabu in 1998, and is estimated to hold more than 9 billion barrels of oil, but has yet to enter production.
Reuters
The bank had asked the court to quash the Nigerian government’s case, arguing that it had no prospect of success. All three justices at the Court of Appeal in London rejected JPMorgan’s argument in a ruling.
“I have formed no view as to the overall merits of the (government’s) claim but there is nothing in the terms of the depository agreement which entitles (JP) Morgan Chase to bring the proceedings to an end at this stage,” Lady Justice Rose wrote in the decision.
Tuesday’s decision upheld a February ruling from a lower court.
Nigeria is suing JPMorgan for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.
The bank declined to comment on Tuesday's ruling. It has said it considers the allegations against it "unsubstantiated and without merit", and that it would fight the case in court.
A spokesman for Nigeria’s attorney general did not immediately respond to requests for comment.
The case is one of several revolving around a $1.3 billion payment from oil companies Shell (RDSa.L) and Eni (ENI.MI) to secure offshore oilfield OPL 245.
The main trial related to OPL 245 is being held in Milan.
JPMorgan, acting under the instruction of previous Nigerian government officials, transferred money from those payments from an escrow account into accounts controlled by the previous operator of the block, Malabu Oil and Gas, itself controlled by former oil minister Dan Etete.
JPMorgan argued in its effort to dismiss the case that the approvals from those government officials was sufficient but the Nigerian government alleges that the bank’s transfers violated the duty of care owed to the government as a client.
Nigeria has also filed a $1.1 billion lawsuit in London against Shell and Eni over the deal.
Shell, Eni and their executives, have denied any wrongdoing. Etete, who was convicted of money laundering in France in 2007, has also denied charges against him.
The oilfield’s original license was awarded to Malabu in 1998, and is estimated to hold more than 9 billion barrels of oil, but has yet to enter production.
Reuters
Tuesday, October 8, 2019
Video - Solar energy gradually replacing diesel generators in Nigeria
With poor electricity supply from the national grid in Nigeria, most businesses and households in the country rely on generators for power. But as people tire of the noise and pollution, many are now turning to solar energy - an alternative that is cleaner, quieter and cheaper in the long run.
Related story: Nigeria runs on generators and nine hours of power a day
Subscribe to:
Posts (Atom)