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It’s Official! Biden Appoints Nigerian-Born Adewale Adeyemo As US First Black Deputy Treasury Secretary

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US President-elect Joe Biden on Monday formally appointed Nigerian-born Adewale Adeyemo as the Deputy Treasury Secretary.

Biden also tapped ex-Federal Reserve chair, Janet Yellen, to lead the Treasury.

“It’s official! Wale Adeyemo becomes the first-ever Nigerian American Deputy Secretary of the US Treasury, in the history of the country!! Congrats to Wale,” the Chairman of the Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa tweeted on Monday, confirming the appointment of the former senior international economic adviser during the Obama administration.

AFP reports that Adeyemo, a former deputy national security advisor and current president of the Obama Foundation non-profit, would be the first African-American in that role.

If confirmed by the Senate, Yellen, 74, will be the first female Treasury head in its history, and likely be tasked with breaking the deadlock over aid in Washington, should lawmakers not come to an agreement before Biden’s January inauguration.

“We face great challenges as a country right now. To recover, we must restore the American dream — a society where each person can rise to their potential and dream even bigger for their children,” Yellen tweeted.

“As Treasury Secretary, I will work every day towards rebuilding that dream for all.”

Other officials announced on Monday include veterans of former president Barack Obama’s administration, several of which the Biden transition team noted would break racial barriers in their positions.

“As we get to work to control the virus, this is the team that will deliver immediate economic relief for the American people during this economic crisis and helps us build our economy back better than ever,” Biden said in a statement.

Biden’s other nominations include Neera Tanden, president of liberal think tank Center for American Progress, as head of the Office of Management and Budget. If confirmed, she would be its first South Asian head.

Also tapped was Dean of the Princeton School of Public and International Affairs, Cecilia Rouse, as chair of the Council of Economic Advisors, the first African American in that post.

Adeyemo graduated from the University of California, Berkeley, with a bachelor’s of arts, before moving to Yale Law School, where he bagged his Juris Doctor for further studies in specialized law.

While at Yale, he was the co-director of, project on law and education for the university.

Before his appointment as the President of Obama Foundation, Adeyemo was the deputy chief of staff at the department of the treasury, a position he held for three years.

He has served in various positions at the treasury, including senior advisor to the chief of staff and deputy executive secretary.

Adeyemo also worked as the chief of staff at the Consumer Financial Protection Bureau from 2010 to 2011.

He was an editor for the Hamilton Project at the Brookings Institution from 2008 to 2009.

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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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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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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