The Debt Management Office, Federal Ministry of Finance and the Federal Ministry of Environment will host a Green Bond Investor forum in Abuja and Lagos respectively as part of its launch of the Federal Government Sovereign Green Bonds program in Nigeria.
In preparation to the issuance, the Federal Government of Nigeria will issue the first tranche of bonds from this program during the week of 18th of December 2017 as part of its effort to align with the global objective of expanding the market for climate finance. This is in keeping with President Muhammadu Buhari’s commitment to support Nigeria’s transition towards a low carbon, green economy.
Speaking in Paris, France at the One Planet Summit, hosted by President Emmanuel Macron, President Muhammadu Buhari said that for “Nigeria to respond effectively to climate change mitigation and adaptation challenges, critical mass of financial resources beyond what we can provide from our national resources will be required.” On steps Nigeria has taken to meet its national goal in this respect, The President said the country “embraced the issuance of the green bond as an innovative and alternative source of project funding that would help reduce emissions and provide robust climate infrastructure, such as renewable energy, low carbon transport, water infrastructure and sustainable agriculture in line with the Paris Agreement”.
The Green Bond Investors Forum will be held on the 14th of December 2017 in Abuja and on the 15th of December 2017 in Lagos to sensitize stakeholders on the pilot issuance of the Green bond in Nigeria. Participants at the Investors Fora are expected from Pension Funds Administrators (PFAs), Federal Ministry of Finance, Inter-ministerial Committee on Climate Change; Nigerian Stock Exchange (NSE), Debt Management Office (DMO), Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) World Bank, Chapel Hill Denham, and other private sector representatives.
The Investors’ fora follows the publication of an assessment of Nigeria’s Green Bond by Moodys. Nigeria’s Green Bond has been assessed and categorized GB1 (Excellent). This will be the first time a green bond assessment has been assigned to a sovereign green bond in Africa by Moody’s
Moody’s Senior Vice President, Rahul Ghosh said in a statement that; “In preparation for Africa’s maiden Sovereign Green Bond, the Government of Nigeria has put in place a comprehensive governance structure and framework that is aligned with the country’s domestic green bond guidelines and international best practices.”
The Honorable Minister for State, Ibrahim Usman Jibril said, ”Climate Change is real and business, government and the capital market need to work together to slow its effects. This pilot green bond, which we expect to be the first of many more, has developed the platform to address the nation’s target of reducing its emissions by 20% unconditionally and 45% conditionally by 2030”.
Green bonds have been the subject of increasing government, investor and media interest, driven by the prospect of matching large low?carbon investment requirements with the trillions of dollars in global bond markets held by institutional investors.
A Nigeria Sovereign Green Bond issuance marks the first sovereign green bond issuance in Africa, and the fourth globally.
Deputy Chief Whip of the Federal House of Representatives, Pally Iriase, has denied speculations that members of the All Progressives Congress (APC), in the state will join former Vice President, Atiku Abubakar, to defect to the Peoples Democratic Party (PDP).
Hon. Iriase stressed that no member of the Edo APC would defect to PDP because “there is no Atiku factor in Edo politics.”
The lawmaker, who addressed reporters at his Otuo home in Owan East, said Atiku was unfair to Nigerians when he left the APC because of failed promises of the President Muhammadu Buhari-led government.
Aggrieved workers under the umbrella of the Association of Senior Civil Servants, on Tuesday, commenced on a three-day warning strike, and closed down business activities at the Energy Commission of Nigeria in Abuja.
The protesting workers expressed their displeasure against unfair labour practices, absence of proper conditions of service and failure of the Commission’s management to honor previous agreements reached with workers on creating an enabling work environment.
Leader of the striking workers, Promise Uzonduchukwu, said that they are demanding the removal of the Commission’s Director General, an investigation into the financial transactions of the organisation as well as restructuring the agency to live up to its statutory mandate.
The Likeminds Projects will launch its Pilot Youth Empowerment & Livelihoods Programme (YELP) pilot project for IDPs on Sunday 29th October 25, 2017, in Bwari Community of the Federal Capital Territory with a total number of 30 beneficiaries.
The Pilot Scheme is sponsored by The Hamburger Initiative für Menschenrechte (HIM), a German organization composed of citizens from Hamburg with a broad range of academic and professional backgrounds. Who supported human rights activities.
The Likeminds Projects was awarded the prize in April 2017 to support its Vulnerable Communities Programme under which this pilot project is currently being run. The choice of Bwari was arrived at by the Likeminds Project Team after series of needs assessments were carried out.
The project is specifically designed to provide training and capacity building to youth in:
- Financial Literacy
- Agricultural Value Chain
- Arts and Crafts
- Baskets and Soap Making
- Masonry, Tiling and Painting
About LikeMinds Project
The LikeMinds Project is a non-profit, non-partisan Organisation made up of likeminded individuals who share a common objective of giving back to the community towards building a peaceful, equitable and just society.
The LikeMinds Project was set up in 2006 as an informal social network with a few friends meeting together on a regular basis and carrying out community service related activities. It was incorporated in 2008 and has since grown into a volunteer-run socially conscious network. Since conception in 2006, The LikeMinds Project has organized several projects through the efforts of volunteers, individual and corporate donations.
It currently runs two programmes, The Volunteers for Peace Programme and Vulnerable Communities Programme under which it carries out community based projects.
The Northeastern Region of Nigeria has received significant focus of the Likeminds over the last Four Years. Thousands of families and households in Borno, Adamawa and Yobes States have received humanitarian reliefs in the form of food, clothing, basic necessities and empowerment in form of training from the Likeminds. Likeminds has partnered with several organizations like Dangote Foundation, MTN Foundation, ActionAid among others.
For and on behalf of Likeminds Projects
FATIMA KYARI MOHAMMED
A yet to be identified Diplomat with the Finnish embassy, on Monday, was involved in an accident along the Abuja airport road.
According to report, the diplomatic vehicle was hit by a vehicle belonging to the Airspace Management, which was reportedly on a high speed.
The accident left the diplomatic vehicle badly damaged while occupants were left with bruises.
Nigeria Customs Service has evacuated 27 Toyota Hilux pick-up vans with duty value of N432 million and suspected to have been smuggled into the country, from sales stands.
Mr. Aminu Dangaladima , the Deputy Comptroller-General of Customs in-charge of Enforcement, Investigation and Inspection, made the development known to newsmen in Abuja on Friday.
Dangaladima said that the vehicles were evacuated at two car sales stands on Kubwa Expressway in Abuja. He said that NCS under the on-going reforms had continued to improve in all aspects, especially in the areas of suppression of smuggling. “On Wednesday, Oct. 10, based on credible intelligence, operatives of NCS Compliance Team went to two open car stands along Kubwa Expressway in FCT and evacuated 27 Toyota Hilux pick-up vehicles suspected to be smuggled into the country. “These vehicles have estimated Duty Paid Value of over N432 million.
“We (Customs) urge the owners of these vehicles to come forward with valid Customs clearance documents otherwise they will be liable to seizure and subsequent forfeiture to the Federal Government in line with laws of the land.
A top chieftain of the All Progressive Congress, APC and former senator representing Imo West in the National Assembly, Senator Osita Izunaso is currently enmeshed in a battle of wits to grab an apartment in the Apo Legislative Quarters and evict its rightful owner.
Claiming to be executing the judgment of the court in his favour, reports have it that the national organizing secretary of the APC, forcefully gained access to the property and removed some of the owner/occupier, Mrs. Esther Jesulanke’s fittings and belongings. It is said that he flung out the old woman’s belongings outside the property thereby damaging the fittings and belongings of worth and value in spite of a pending suit at the FCT High Court challenging an earlier court judgment.
It was learnt that Senator Izunaso, who showed more than a passing interest in the property located at Block 20, Flat 3, Moses Adasu Close, Zone D before it was sold by the original owner, had earlier deposited a paltry five million naira for the property whose value then was about N35 million in 2013.
The then owner, Mrs Grace Inyang, who reportedly put up the property for sale with plans to buy a new property in her village where she planned to relocate after retirement, was said to have rejected the senator’s deposit even though it was paid through her counsel, Barrister Victor Okangbe, for the reason that the senator did not fulfill the condition precedent to ownership rights, which was payment of the total sum of N35, 000, 000.00 required for the release of the Deed of Mortgage on the said property with Aso Savings.
She consequently assigned the property to Taulahi Investment Nigeria Ltd represented by one Hon. Jega who sold it to the current owner/occupier, Mrs Esther Jesulanke who was certainly oblivious of the transaction between Mrs Inyang’s counsel and Senator Izunaso.
Mrs. Inyang declared that the five million naira paid by Senator Izunaso to Barrister Okangbe was received without her consent and she had transferred the money back to her counsel before empowering Taulahi Investment Nigeria Ltd to proceed with the sale of the apartment to a buyer who was willing to pay the complete amount.
Now, the buyer, Mrs Jesulanke is crying out that there have been attempts to eject her by hook or crook by Senator Osita Isunazo who alleged that by a judgment dated 13th October 2013, the court gave an order of specific performance of the contract of sale between him and Mrs. Grace Inyang. She said she was taken aback by the fact that a judgment of specific performance was awarded to enforce the said sale where Senator Osita purportedly paid a paltry deposit of N5, 000, 000.00 for a property as opposed to a part payment.
According to information, Mrs. Jesulanke’s assertion is that the transfer of the property from Mrs. Inyang to Taulahi Investment Nig. Ltd whom she derived her title from was first in time. In addition, she was a bona fide purchaser for value without any notice of any attempted sale or failed sale.
Also, that Senator Osita who was aware that there was an occupant in the premises did not take adequate steps to join the said occupant to the purported suit he filed at the High Court of Abuja. Mrs. Jesulanke was shocked to discover the attempt to execute the purported judgment against her when she had been in possession of the property as a bona fide purchaser.
Mrs. Jesulanke’s solicitors, we further gathered, have sought redress on her behalf by filing a suit for trespass against Senator Osita Izunaso at the FCT High Court in Suit No: Cv/386/2015 -Taulahi Investment Nig Ltd v. Senator Osita Izunaso & Grace Inyang. In addition, her solicitors are also challenging the judgment of the Hon. Justice Talba by filing a Notice of Appeal at the Court of Appeal as an interested party whose interest the trial court ought to have considered before giving an order of specific performance.
In spite of the solicitors; pending suits, Senator Osita still forcefully ejected her belongings out of the property when Mrs. Jesulanke travelled out of the country. Senator Osita threw her properties and belongings outside and lots of her properties have been seriously damaged while others were stolen.
Mrs. Jesulanke has considered the deprivation of her property as unfair and unjust and desires her property back. However, this has proven difficult in the midst the forceful ejection and the political clout of the senator who ejected her from the property.
It is believed that Senator Izunaso is using his political clout as a former Senator and Chieftain of the ruling APC to intimidate and coerce a hapless old woman to forfeiting her property. All attempts and overtures from this grandmother has fallen on deaf ears as he continues to threaten and harass her.
Legal experts are hopeful that the former lawmaker would respect court processes and wait for the outcome of the appeal before causing further pains to the old woman, more so, as a top member of All Progressives Congress, a political party that claims to fight corruption, preaches equity and fairness.
The Federal High Court in Abuja on Wednesday granted an order filed by the Attorney-General of the Federation (AGF), Abubakar Malami, declaring the activities of the Indigenous People of Biafra (IPOB) as “acts of terrorism and illegality.”
The order also proscribed the existence of IPOB throughout Nigeria, with particular attention paid to the South-East and South-South regions.
The approval of the AGF’s motion came after the Nigerian military backtracked and insisted that it had not declared IPOB a terrorist organization.
See court papers below:
Three serving police officers have reportedly died following a motor accident on the overhead bridge at the popular A.Y.A roundabout in Asokoro district of the Nigerian capital Abuja.
The accident, which involved a truck conveying personnel of the Nigeria police force also left several injured.
Emergency officials were seen removing the truck that caused a major traffic gridlock during the closing hours of the day.
The injured were moved to the Asokoro general hospital for medical attention.
FCT police spokesperson, Anjuguri Manzah and other emergency officials at the scene of the accident would however not comment on the accident.
The President and founder of Dangote Foundation, Aliko Dangote, has set aside N200 billion to establish a world-class university in Abuja.
PREMIUM TIMES learnt that the proposal has since been delivered to the National Universities Commission, NUC.
A former Executive Secretary of the NUC, Julius Okojie, who is the chairman of the technical team for the establishment of the university, said the foundation intends to drive technology and research in stimulating economic growth.
Mr Okojie, who led his team to the current Executive Secretary of the commission, Abubakar Rasheed, said the proposed university is meant to be technology-driven and asked for the cooperation and support of the NUC towards the realisation of the goal.
According to a National Open University of Nigeria, NOUN, publication, the team, accompanied by the Chief Executive Officer, CEO of the foundation, Zouera Yousouffou, disclosed that Mr. Dangote’s desire was to float a unique university of technology with all the necessary infrastructure and best faculty members from across the globe.
The FCT Emergency Management Agency, FEMA, has confirmed the death of three people as a result of the flash flood in Lokogoma Area of the FCT, on Thursday.
?The Director-General of FEMA, Idriss Abass, told journalists that a man and two of his children, a boy and girl died, when their Toyota Highlander SUV entered into the flood.
?Mr. Abass said the incident, which he described as avoidable, happened between the hours of 7 a.m. and 9 a.m.? on Thursday.
“This morning, we woke up to a sad news; we had a flooding in Lokogoma District; ?unfortunately the flood had claimed three lives; a father, a daughter and a son.
“The cause of the water was the normal flash flooding that was running and it submerged a bridge along the road.
“But unfortunately, the man came with his children and was trying to pass through with his car.
“The man was warned and at a stage he reversed, but unfortunately, he zoomed off again, and the vehicle was submerged.”
?He said the bodies of the deceased, which were recovered by the locals before the arrival of FEMA, had been deposited at a hospital in Jabi.
Mr. Abass said the agency had not been able to link up with the family of the deceased but they learnt the deceased resided in Apo and was taking his children to summer lesson.
He said due to the incessant flood cases, the agency would incorporate ?local divers and swimmers as volunteers and teach them modern techniques.