CBN unveils framework to check bad loans

 Nigerianewslite



CBN unveils framework to check bad loans




The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy and Regulation Department of the apex bank, the initiative was conceived to address recurring instances of willful loan default in the industry.

Efobi said that the guidelines would enhance the establishment of a “watch list” and identify recalcitrant loan defaulters and enhance loan recovery from all eligible and funded accounts in the industry. He added that it would also improve credit payment culture and reduce non-performing loans in the Nigerian banking system.

“Consequently, please be informed that the frequency of recovery attempts via the GSI platform has been amended from specific number to continuous and unrestricted number,’’ he said. He said that the GSI automated loan recovery feature applicable to all loans in the industry shall remain perpetually in place throughout the life of the loan, or until it is fully repaid.


He urged members of the banking public to check the CBN website, www.cbn.gov.ng for perusal of the guidelines. The News Agency of Nigeria (NAN) reports that the GSI initiative was approved by the Bankers’ Committee at its meeting in February, 2020. The CBN, thereafter, collaborated with relevant stakeholders to develop necessary protocols to facilitate implementation of the GSI, for eligible loans granted with effect from Aug. 28, 2019.

THE BRUTAL MURDER OF HANIFA ABUBAKAR, A SAD COMMENTARY FOR NIGERIA

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 THE BRUTAL MURDER OF HANIFA ABUBAKAR, A SAD COMMENTARY FOR NIGERIA

Hanifa Abubakar


I am deeply traumatized by the news of the killing of 5 year old, innocent Hanifa Abubakar allegedly by the proprietor of her school- Noble Kids Nursery and Primary School, Kawana, Kano State, Mr Abdulmalik Tanko.


The poor under-aged girl was said to have been killed by the culprit with rat poison and buried in a shallow grave by the culprit who kidnapped her for a ransom.


I am shocked at the level of wickedness and inhumanity being displayed by some elements in our contemporary society today and as a mother, I feel the grief and pains of the mother of the deceased little innocent girl and I have been unable to sleep since the news broke out.


I charge the Kano State Government and all other  relevant agencies to ensure that the perpetrator of this heinous act and indeed all his collaborators are brought to book  as urgently as possible to serve as a deterrent to others.


This is a situation where a child was put in the care of the culprit in his school and her school fees were being paid by her parents only to be allegedly murdered brutally by the same person in whose trust the parents put their child. A child who was only 5 years and did no wrong. This ugly incident suggests that the culprit opened that school as a means to lure people to murder to satisfy his killer urge.


I advise the State House of Assembly of the states of the Federation to amend their relevant criminals laws to provide for a speedy time line for the prosecution and conclusion of criminal cases across the country because it has been observed that most of these criminals are on bail and their trials are protracting with some of them being abandoned after long delays thereby giving opportunity to criminals to continue to evade Justice. 


I pray for the peaceful repose of the innocent soul of Hanifa and pray God to grant the parents and siblings the fortitude to bear the loss.


- Senator Uche Ekwunife, PhD (IYOM)


HOW TO BE A WISE WOMAN

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 HOW TO BE A WISE WOMAN

Amarachi Edeh


1. A wise woman has secrets:

You can't be too naked with your love, social or spiritual life and expect dignity. Not everyone should know what you are going through. Be a self-contained lady.


2. A wise woman has surprises:

There is beauty in a surprise. Don't run around announcing things that are not yet..... It only destroys their beauty. And when they fail you will suffer unnecessary shame. Be a self-controlled lady.


3.  A wise woman is unpredictable :

People should know there is both yes and no in your mouth. Your moves and words shouldn't be too obvious. Be a deep lady. 


4.  A wise woman has meaningful connections :

You can't be a friend to everyone and have focus. You can't be the organiser in every social activity and be a productive woman. Love all but a close friend of a few!


5.  A wise woman does less of a girl talk :

You can't have too much talk and work at the same time. Cheap talks only lead to empty gossips! A gossiping woman is a shallow woman. 


6. A wise woman has time for herself :

You can't understand yourself better until you create time for yourself. 

Create time to see your weaknesses and work on them. Have time for self correction lady. 


7. A wise woman interacts with God:

You cannot have the highest level of wisdom until you interact with its source. Rare breeds of women are found here.... at the feet of JESUS.


Give God time ladies!

By Amarachi Edeh

Which part of women do men stare at?

 Which part of women do men stare at?




Some men look at the eyes first. Other at the ass. Other at the boobs. But it is only a way of prioritizing things because they have only two eyes.

Men likes to stare at every single part of beautiful women.

(And also parts of average women when there is no beautiful women around).

Court Declares Nnamdi Kanu's Arrest As Illegal, Orders Nigerian Government To Pay Him N1billion

 Court Declares Nnamdi Kanu's Arrest As Illegal, Orders Nigerian Government To Pay Him N1billion


Abia State High


The judge on Wednesday also ruled that his abduction and forceful return to Nigeria was "illegal" under local and international laws.

Justice Benson Anya of the Abia State High Court has ruled that the invasion of the security agents to the residence of the leader of the Indigenous People of Biafra, Nnamdi Kanu, in 2017 was unlawful and an infringement on his human rights.


The judge on Wednesday also ruled that his abduction and forceful return to Nigeria was "illegal" under local and international laws.


Nnamdi Kanu

Anya also ruled that the Nigerian government should pay Kanu a sum of N1billion as a compensation for the violation of his fundamental human rights.


Recall that Kanu's Special Counsel, Aloy Ejimakor filed the lawsuit against the Nigerian government on August 27, 2021 before the Abia court. 

Nnamdi Kanu Resumes Trial, Faces New Terrorism Charges (Read Details)

 

Nnamdi Kanu Resumes Trial, Faces New Terrorism Charges (Read Details)





There is anxiety as the trial of Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, resumes at the Federal High Court sitting in Abuja.

Kanu is facing a seven-count charge before the Justice Binta Nyako-led Federal High Court.

The government yesterday, added other counts, bordering on terrorism, against him.

Kanu had pleaded not guilty to the first set of charges and opted to challenge the validity of the alleged crime.

Reacting to the new charges, Kanu’s lawyer, Aloy Ejimakor, accused the Federal Government of “dilatory tactics”, stressing that it’s an exercise in futility.

Ejimakor wondered why the government would slam his client with fresh charges on the eve of his resumed trials.

In preparation for the trial, the Abuja Federal High Court had granted the IPOB leader three days to present his case for fresh bail and to challenge the competence of the fresh terrorism charge brought against him by the federal government.

This was contained in a hearing notice issued by the Federal High Court for determination of the two motions filed by Kanu

The hearing notice served on the Federal Government through the Federal Ministry of Justice and on Kanu through his lawyer, Ifeanyi Ejiofor fixed January 18, 19 and 20, 2022, consecutively, for disposal of the two motions.

Nnamdi Kanu is also expected to use the three days to challenge the court’s jurisdiction to try him on the terrorism charge on the grounds that the alleged offences were committed in the United Kingdom and not in Nigeria.

Kanu was in June 2021 re-arrested in Kenya and extradited to Nigeria to face his trial and had since been confined to the detention facility of the Department of the State Services, DSS, in Abuja on the order of the court.

He was first arrested in Lagos in 2015 by operatives of the Department of State Service (DSS) and was arraigned alongside four others in 201

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