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VISA BAN: Tinubu Heads To Abu Dhabi To Resolve UAE Diplomatic Row With Nigeria

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, left New Delhi, India early Sunday morning for Abu Dhabi to meet with the President of United Arab Emirates and other senior government officials to resolve the lingering diplomatic row between Nigeria and that country over visa ban.

UAE authorities banned Nigerians from visiting their country last year October following many reported cases of violent crimes said to involve Nigerians.

The visa restriction is also not unconnected with trapped cash of Emirates Airline which is put at over $300million according to aviation industry sources.

The Central Bank of Nigeria (CBN) has not been able to meet the demands of many foreign Airlines to repatriate funds due to foreign exchange crisis Nigeria has been facing in the last couple of years.

The CBN is reported to have over $8billion backlogs of foreign exchange commitments to clear which the Acting CBN Governor, Mr. Folashodun Shonubi, has now promised to clear within the next one month.

Recall that the government of UAE imposed visa ban on Nigerians, a gesture Nigerian government immediately reciprocated under the principle of reciprocity in diplomatic relation, to force the hands of the Federal Government of Nigeria to get CBN to release the money of Emirates Airline.

The ban has affected bilateral relationship between the two countries and people to people economic and cultural engagements.

Tinubu recently promised to personally intervene in the rift and reach a resolution when he accepted the Letter of Credence of the new UAE Ambassador to Nigeria.

National Security Adviser, Mallam Nuhu Ribadu, according to our sources, has been working behind the scene to ensure the two countries resolve the row for normal relationship to be restored.

Tinubu after the stop in Abu Dhabi is expected to return to Abuja Monday night or early Tuesday morning after which he will travel by weekend for the United Nations General Assembly in New York where he will deliver Nigeria’s address and hold a sideline bilateral meeting with President Joe Biden alongside other engagements already lined up for him.

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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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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