Alleged N3b Fraud: I exchanged Naira for Dollars for Yahaya Bello – BDC Operator

Jamilu Abdullahi, a Bureau de Change operator and the third prosecution witness in the trial of Ali Bello, on Tuesday, November 5, 2024, affirmed before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja that funds were brought to him by agents of Kogi State Government for the payment of school fees of the daughters of former governor, Yahaya Bello.

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Super Falcons to take on France’s Les Bleues in friendly

Fresh from a two-match friendly duel with the Green Ladies of Algeria in Nigeria, nine-time African champions Super Falcons are billed to play the Senior Women National Team of France, Les Bleues a high-profile friendly in France on Saturday, 30th November 2024. The Super Falcons lashed the Green Ladies 2-0 and 4-1 in games played in Ikenne-Remo and Lagos respectively, with a good number of home-based professionals showing great promise in the squad coached by Justine Madugu.  This month’s encounter with the Les Bleues will take place at the Stade Raymond Kopa in the city of Angers, with kick-off set for 9.30pm France time. While the Bleues are happy to take the game as part of their preparations for the League of Nations in the spring and the 2025 UEFA Euro Women Championship in Switzerland in the summer, the Falcons will welcome the encounter as part of the process for blooding a new squad, as well as another test ahead of the 2025 Women Africa Cup of Nations in Morocco next summer. It is only the seventh time in their history that the Les Bleues will play in the city of Angers.

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Nigerians without insurance coverage to get FG’s financial protection 

The Federal Government has initiated a strategy to provide financial protection for millions of Nigerians who are currently without insurance coverage. The initiative, which marks the first major implementation phase of the recently signed Aso Accord, brings together the nation’s top financial and insurance regulators in a collaboration to transform Nigeria’s insurance landscape. Speaking at a roundtable meeting on Tuesday, Deputy Chief of Staff to the President (Office of the Vice President), Sen. Ibrahim Hassan Hadejia, said outcomes of the roundtable will be presented to the National Economic Council (NEC).  “This marks the first time insurance is being formally recognised as a critical financial service in Nigeria’s economic framework,” he stated. Sen. Hadejia explained that financial inclusion through insurance is an economic imperative, saying, “We cannot build a resilient economy while leaving millions of our citizens financially exposed. “Financial inclusion, particularly through insurance access, serves as the crucial driver that will propel Nigeria toward sustainable economic growth,” he added. Earlier, Deputy Commissioner Technical at the National Insurance Commission, Dr. Jankara Usman, outlined the transformative potential of the initiative for Nigeria. He said, “Through inclusive insurance, we can provide tailored, affordable products that promote financial readiness and advance social well-being.” Dr Usman quoted a World Bank data that paints a stark picture of financial vulnerability in the region, revealing that only two out of five adults in sub-Saharan Africa can raise $35 within 30 days. “In Nigeria, insurance penetration remains at a concerning 3.3%, significantly below global standards,” he said. In his remarks, Technical Advisor to the President on Economic and Financial Inclusion, Dr. Nurudeen Zauro @nazauro, said the meeting demonstrates President Bola Ahmed Tinubu’s @officialABAT administration’s commitment to the insurance sector. He explained that the government has established a monitoring framework to ensure effective implementation of the decisions made during the roundtable, with a specific focus on forming specialised committees for financial control, developing risk management programmes for smallholder farmers, fostering public-private partnerships, strengthening inter-agency collaboration and simplifying processes for innovative insurance products. The roundtable produced several innovative proposals aimed at expanding insurance access, including enabling insurance purchases through mobile phone airtime, development of specialised micro-insurance products for low-income segments, integration of blockchain technology for insurance delivery and creation of digital platforms specifically for agricultural insurance coverage The initiative has garnered widespread support from major institutions, including the Nigeria Insurance Association (NIA), National Health Insurance Authority (NHIA), Central Bank of Nigeria (CBN), and various other regulatory bodies.

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