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Help Fast-Track Approval Of $500m NTA Loan – Lai Mohammed To Chinese Envoy

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The Minister of Information and Culture, Lai Mohammed, on Thursday, appealed to the Chinese Ambassador to Nigeria, Chun Jian Chun, to help Nigeria to fast-track the evaluation and approval of a $500 million loan for the execution of three major projects in the broadcast sector.

Mohammed was quoted to have said this during the visit of the Chinese Ambassador to his office in Abuja.

A statement signed by the Special Assistant to the President on Media, Office of the Minister of Information and Culture, Segun Adeyemi, added that Mohammed also called for the signing of the two Memoranda of Understanding between Nigeria and China in an effort to boost tourism between the two countries.

“Worthy of mention, Your Excellency, is the $500 million loan which we are seeking from the China Export-Import Bank for three major projects — the digitization of the NTA, the construction of a headquarters complex and transmission network for Integrated Television Services, a Federal Government-owned signal distributor that is a major component of the country’s Digital Switch Over, and the construction of an ultra-modern Media City in Ikorodu.

”I want to use this opportunity to appeal to Your Excellency to continue to use your good offices to fast-track the evaluation and approval process of the loan by the China Export-Import Bank, and to thank you for your efforts so far in this regard.

“There are two MoU between Nigeria and China on the Facilitation of Group Travels by Chinese Tourists to Nigeria and Travel Facilitation through the Approved Destination Status. Though the two MoU date back to 2019, they have not been signed. Our two countries must work together to negotiate and sign these MoU to promote tourism between them.”

In his remarks, Ambassador Chui said China was re-strategizing its bilateral relations with Nigeria to focus on Growth, Development, and Progress.

He said the new strategy, tagged ‘5 GIST’ will be a holistic, complete, and sustained approach to focus on political support, economic cooperation, security and military collaboration, international affairs coordination, infrastructure, ICT, industry, investment, import, and export, among others.

The Ambassador said the new focus will be anchored on people-to-people communication and relationship as well as cultural exchanges.

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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