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If FG Really Loves Education, $23m Abacha Loot Would Be Used To Meet Our Demands – ASUU

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The Academic Staff Union of Universities (ASUU) says the federal government should have used the recovered $23 million Abacha loot to meet its demands.

Emmanuel Osodeke, president of ASUU, spoke on Tuesday in an interview on Channels Television.

ASUU has been on strike since February 2022 to protest the non-implementation of its demands by the federal government.

Last Tuesday, the federal government and the US reached an agreement to repatriate a new batch of funds looted by Sani Abacha, the former Nigerian head of state.

Abubakar Malami, minister of justice and attorney-general of the federation, said the recovered loot, which is tagged ‘Abacha-5’, has been earmarked for the completion of the Abuja-Kano road, Lagos-Ibadan expressway, and the Second Niger Bridge.

Following the announcement, the conversation has been rife on whether the federal government is making the right decision on the recovered loot amid the lingering ASUU strike.

Giving his take on the development, Osodeke said the federal government would have deployed the recovered loot to education if the government loves the sector.

“Definitely. Let’s use a typical man as an example, you have a house and your child is sick seriously and you were paid money that you were not expecting. Where will you put the money?” the ASUU president asked.

“That child should be the first thing you will treat. Is it not? Before you will start thinking about how you are going to buy clothes.

“Your universities are shut for six months. You now have access to a fund you were not expecting, If you really love education, where should you put the money? In that particular place. They said they don’t have money. We need to love this country.”

Reacting to reports that ASUU had stopped negotiations with the federal government, Osodeke said: “In Nigeria, we have so many media, social media, and what have you. They just release issues to get popularity. We never said so. We are open to negotiations and invitations as a union.”

The union recently announced its decision to convert the roll-over strike into a “comprehensive, total and indefinite” industrial action.

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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BIG STORY

JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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BIG STORY

Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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