February 5, 2021 – Precise Post

Finally, America Endorses Okonjo-Iweala As WTO DG

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Ogechi Okorie Abuja (Precise Post) – Finally, the United States of America has endorsed Ngozi Okonjo-Iweala, a former Nigerian Finance Minister for the office of the director-general of the World Trade Organisation (WTO). The development follows the deliberate withdrawal of Yoo Myung-hee, South Korean Trade Minister from the race to head the World Trade Organisation (WTO) on Friday, February 5, 2021. The trade minister took various issues into consideration, including the need to revitalise the multilateral organisation. The withdrawal of Yoo Myung cleared the path for the Nigerian economist to become the sole candidate, first Woman and African for the position. Precise Post that the Donald Trump-led administration had refused to back the former managing director of the World Bank on grounds that she lacked trade experience. A claim Okonjo-Iweala has refuted repeatedly. According to a statement Issued by the office of the US trade representative late on Friday, the Biden-Harris administration is pleased to support the candidacy of Okonjo-Iweala. Recall that Okonjo-Iweala who is also a U.S citizen emerged as the front-runner for the WTO director-general position last …

Politics

Restructuring: Adopt Some Recommendations of Jonathan’s National Confab – Nnamani to FG

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Our Reporter Former Senate President, Ken Nnamani has called on the federal government to adopt some recommendations made from the national conference of 2014 set up by former president Goodluck Jonathan. This is also as he has said that the All Progressives Congress (APC)-led Federal Government has done tremendously well for the south-east region. He stated this during an interview on Channels Television’s Politics Today. “Infrastructurally, although it has not been publicised, the All Progressives Congress (APC) has done tremendously well in the southeast,” he said. Nnamani, a chieftain of the APC, lamented that previous governments had abandoned the Enugu-Port Harcourt road for years which he described as a death trap to travellers and commuters. He explained that President Muhammadu Buhari’s administration commenced the construction of the dilapidated road, in addition to the Second Niger Bridge project. Former Senate President, ken Nnamani speaks during an interview on Channels Television’s Politics Today on February 5, 2021. “I drove from Owerri to Enugu just two days ago; I came back to Abuja just yesterday. The Enugu-Port Harcourt road that has remained …

Business

Close All Accounts Transacting In Cryptocurrency – CBN Directs Banks

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Our Reporter Abuja (Precise Post) – The banks in Nigerian have been directed to close accounts of anyone who transacts in cryptocurrency. The Central Bank of Nigeria has ordered all banks to close accounts of anyone who transacts in cryptocurrency. The order was contained in a circular the Central Bank of Nigeria issue to banks and other financial institutions, signed on Friday by the Director of Banking Supervision, Bello Hassan, and it is expected to take effect immediately. According to the CBN, dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited. “The Central Bank of Nigeria circular of January 12, 2017, ref FPR/DIR/GEN/CIR/06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), other Financial Institutions and members of the public on the risk associated with transactions in cryptocurrency refers. “Further to earlier regulatory directions on the subject, the bank hereby wishes to remind regulated institutions dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited. “Accordingly, all DMB’s NBFI’s or OFI’s are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within …

Sports

Unpaid sign-on-fees: Kogi United Players Barricade Government House, Threatens To Boycott League Games

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Joan Nnenna Iwuchukwu Abuja (Precise Post) – Players of Kogi United on Thursday launched a peaceful protest at the Kogi State Government House to press home the demand for their unpaid sign-on-fees for two years. The players who were dressed in their club colours marched to the State government house to lodge their complaint to Governor Yahaya Adoza Bello. They blocked the entrance of the Government House, threatened to continue the protest until all their entitlements were paid. The angry players have also threatened to adopt other options, which includes boycotting of their 2020/21 Nigeria National League matches. “We want to be paid our two years sign-on-fees as we have people that looks up to us for survival,” said one of the angry players. “They promised to pay our entitlements but it did not happen.” “We are tired of empty promises from Kogi State Government. We don’t think playing league games will be a good option for us.” The players also claimed that increment in salaries, which was promised by the State Government, is yet to be activated. It …

News

Ex-NIIA DG Warns Buhari, Says UK Won’t Accept Buratai, Ex-service Chiefs As Ambassadors

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Our Reporter Abuja (Precise Post) – Former Director General of the Nigerian Institute of International Affairs (NIIA) Prof. Bola Akinterinwa, has warned that former service chiefs nominated as ambassadors will not be accepted by the UK and the US. The Nigerian professor stated this on Thursday in an interview with Punch. He however noted that President Muhammadu Buhari acted within his right to nominate all the service chiefs who were changed last week as non-career ambassadors. Akinterinwa, however, said there was no assurance that countries like the United States and the United Kingdom who had accused the service chiefs of crimes against humanity would accept the former service chiefs as diplomats.He spoke on a PUNCH Online interview on Thursday. Earlier, the Presidency on Thursday said the names of the ex-military commanders were sent to the Senate for confirmation. The nominees are: Gen Abayomi G. Olonisakin (rtd), Lt Gen Tukur Y. Buratai (rtd), Vice Admiral Ibok-Ete Ibas (rtd), Air Marshal Sadique Abubakar (rtd), and Air Vice Marshal Mohammed S. Usman (rtd). But Akinterinwa doubted that the ex-service chiefs who were …

World News

DG, WTO: Okonjo-Iweala Now Sole Candidate As Korean Myung-Hee Steps Down

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – Congratulations Nigeria as Dr Ngozi Okonjo-Iweala is now the sole candidate for the position of Director-General of World Trade Organisation (WTO). This follows the decision of South Korea’s candidate, Yoo Myung-Hee to withdraw from the race. Recall that the World Trade Organization’s General Council Chair David Walker announced in October last year that Nigeria’s Okonjo-Iweala had garnered the most support among WTO members to become the next global trade chief, but was vetoed by the United States. Yoo Myung-hee’s decision to withdraw from the race was communicated on Thursday morning through the official Twitter account of Korea’s Ministry of Trade, Industry and Energy.

News

NUJ FCT Condemns Abduction of Punch Reporter, Calls For His Immediate Release

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Francis Etuko Abuja (Precise Post) – The Nigeria Union of Journalists (NUJ), FCT Council, has condemned the abduction of Okechukwu Nnodim, a correspondent with the Punch Newspapers, calling for his immediate and unconditional release. Nnodim was allegedly kidnapped by four gunmen in his Abuja home who gained access to his residence by scaling his fence after firing several gunshots in the air. The call was made on Friday in a statement, jointly signed by Comrade Emmanuel Ogbeche and Ochiaka Ugwu, chairman and secretary respectively made available to Precise Post in Abuja. The Union condemned the heinous act in totality and called for the unconditional release of Nnodim for him to be reunited with his family and colleagues. According to the statement, “It is unacceptable that a journalist is abducted and held for whatever reason. A fundamental pre-requisite for a free media is that journalists be allowed to move freely in their efforts to gather and transmit information. “While condemning this heinous act in strong terms, we urge the kidnappers to release the journalist immediately, and charge the security agencies …

News

Saraki Condoles Ekweremadu Over Death Of Brother

February 5, 2021February 5, 2021 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – Former President of the Senate, Dr Bukola Saraki has condoled with Senator Ike Ekweremadu over the demise of his brother. Precise Post recalls that Chief Mathias Ekweremadu passed away yesterday in Enugu. The former Senate President described late Chief Mathias as a passionate public servant that served his people at various levels with distinction. Saraki, who took to his twitter handle to expressed his heart felt condolences, prayed Almighty God to grant Senator Ekweremadu, his family, and the government and people of Enugu State solace as they mourn the passing of Chief Mathias. Until his death, late Chief Mathias Ekweremadu was the Commissioner for Transportation of Enugu State. Saraki tweet reads: “Sending my heartfelt condolences to my friend and brother, Senator Ike Ekweremadu, on the death of his brother, the Commissioner for Transportation of Enugu State, Chief Mathias Ekweremadu, who passed away yesterday. It is my prayer that Almighty God grants Senator Ekweremadu, his family, and the government and people of Enugu State solace as they mourn the passing of Chief Mathias, who …