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May 29: FG Restricts Movement Around Eagle Square Ahead Of Tinubu’s Inauguration

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The federal government has restricted movements around Eagle Square, the venue of the handover and inauguration parade in Abuja.

Bola Tinubu, president-elect, and Kashim Shettima, vice president-elect, will be sworn in on May 29 and begin a new administration.

Ngozi Onwudiwe, a permanent secretary in the office of the head of civil service, in a statement, said the Ministry of foreign affairs and the Federal Secretariat Complex Phases I, II, and III will be blocked off by security personnel ahead of the ceremony.

The restriction will begin by 2 pm on Friday and end on Tuesday.

“As you may be aware, the presidential transition council (PTC) has unveiled the activities marking the 2023 presidential inauguration ceremony,” the statement reads.

“The inauguration parade and swearing-in of President-Elect, Senator Bola Ahmed Tinubu, which is the climax of the program will take place on Monday, 29th May 2023 at the Eagle Square, Central Business District, Abuja.

“In line with the security arrangements for the event, the Federal Secretariat Complexes Phases I, II, III and Ministry of Foreign Affairs will be cordoned off by security operatives from 2.00 p.m. on Friday, 26th May 2023 to Monday, 29th May 2023.

“Accordingly, officers and intending visitors to the affected areas will not be allowed access till Tuesday, 30th May 2023, when work will resume in earnest.”

In the past few weeks, different branches of the military have been conducting drills ahead of the inauguration ceremony.

The Department of State Services (DSS) on Thursday said it is aware of plans by “subversive elements” to disrupt the momentous event.

Police Announce Traffic Diversion

The police in the federal capital territory (FCT) on Friday announced traffic diversions ahead of the inauguration.

Josephine Adeh, the FCT police spokesperson, said the diversion points are Goodluck Jonathan Expressway by Court of Appeal, Deeper Life Junction, Bond/Total Filling Station, POWA/FCDA Junction, Finance Junction by ECOWAS/Women Affairs and Ministry of Foreign Affairs,

“Other diversion points are Eagle Square ( Phase 1 & Phase 11), Kur Muhammad Way / National Mosque, Abia House, NITEL Junction by Ademola Adetokunbo, and Gana Junction/Transcorp,” she said.

“Traffic will also be diverted at Bayelsa House by Federal High Court, Aso Drive, Ceddi Plaza, NNPC Twin Tower, and NNPC/NBS.”

She said the command had deployed intelligence and tactical assets across the FCT to avert any form of threat.

Adeh said the operational deployment comprises stop and search duty, intelligence-led raids on black spots, surveillance, and vehicular/foot patrol.

BIG STORY

UBA Takes Centre Stage At 2024 ECOWAS Mining Forum In Cotonou, Benin As Elumelu Gives Keynote Address

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024.

The regional event is expected to see a large gathering of key players and stakeholders in the mining and petroleum sectors of the Economic Community of West African States (ECOWAS) and as the financial institution of choice, with presence in 20 African countries and active involvement in major continental development projects, UBA is the preferred partner for the event, underlining the bank’s commitment to the growth of mining and Petroleum industry in the sub-region but to the whole not African economic development.

UBA Group Chairman, Tony Elumelu, would give the keynote address during the opening ceremony of this all-important event.

Elumelu who doubles as Chairman of Transcorp Group, with extensive interests in energy and power, will be speaking on the theme: “Geo-extractive Resources and Technologies: what pooling strategies for Value Creation in West Africa”

His speech is expected to highlight UBA’s increasing effort to support and develop the African continent through strategic investments in the key sectors of mining and petroleum.

Under the esteemed leadership of the President of the Republic of Benin, His Excellency, Patrice Talon, and the President of the Federal Republic of Nigeria and current President of ECOWAS, His Excellency Mr. Bola Tinubu, UBA Group will at the forum aim to restate its commitment towards supporting economic and social development across the continent.

The focus of ECOMOF 2024 underscores the significance of transforming the mining and oil sectors into economic pillars by formulating attractive policies for investors, essential for the sectors’ substantial contribution to the Gross Domestic Products (GDP) of ECOWAS member states.

The Transnational Corporation Group (Transcorp Plc) – a diversified conglomerate with strategic investments in various sectors, including power and energy – will also actively participate in the forum.

Key officials from UBA Group and Transcorp Plc, including the Chief Executive Officer UBA Africa, Abiola Bawuah; UBA’s Group Head, Corporate and Energy Bank, Ebele Ogbue, and President/ Chief Executive Officer, Transcorp Group, Owen Omogiafo will be actively involved in discussions and panels on the sidelines of the event.

Anticipated to attract over 2,000 participants from diverse sectors, including representatives from mining and oil industries, government officials, international and national investors, industry experts, ECOWAS delegates, and international organizations, ECOMOF 2024 promises to be a significant platform for collaborative dialogue and partnership building.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

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JUST IN: FG Working To Reduce Rising Food Prices Inherited From Past Government — Finance Minister Wale Edun

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Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, said that President Bola Tinubu’s administration inherited a surge in food and general commodity prices from the previous government.

He, however emphasized the government’s commitment to reducing food prices and tackling the nation’s high inflation rate.

Speaking at the Public Wealth Management Conference in Abuja on Tuesday, February 20, the finance minister acknowledged the hardships faced by Nigerians and outlined measures taken to alleviate their suffering.

He revealed that, as part of these interventions, the government has released 42,000 metric tons of grains, with an additional 60,000 metric tons scheduled for release soon.

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JUST IN: State Police Bill Passes Second Reading At House Of Representatives

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A bill proposing the establishment state police has passed second reading at the house of representatives.

Sponsored by Benjamin Kalu, deputy speaker of the house, and 14 others, the bill proposes to transfer the term “police” in the 1999 constitution from the exclusive legislative list to the concurrent legislative list.

The bill, which comprises 18 clauses, seeks to amend sections 34, 35, 39, 42, 84, 89, 129 153, 197, 214, 215 and 216 of the constitution.

 

More to come…

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