Business
Allegations of PVC Sales in Edo State Spark Concerns
Transparency for Electoral Systems Advocacy (TEGA) has raised serious allegations against officials of the Independent National Electoral Commission (INEC) in Edo State, accusing them of selling uncollected Permanent Voter Cards (PVCs) to politicians. In a petition addressed to INEC’s National Chairman, Mahmood Yakubu, TEGA claimed that electoral officers in various local government areas, including Esan Central, Ikpoba Okha, Oredo, and Egor, are involved in these illegal activities.
TEGA’s Coordinator, Philip Edosa-Amadasun, highlighted in the petition that these actions could compromise the integrity of upcoming elections. The group expressed concern that these alleged transactions, particularly with leaders of the Peoples Democratic Party (PDP), have resulted in the public being denied access to their PVCs. This situation is reportedly creating tension, as supporters of the All Progressives Congress (APC) and Labour Party struggle to obtain their PVCs.
The petition further detailed an incident involving a senior INEC officer in Esan Central, who was allegedly seen at the residence of a former PDP senator. TEGA believes that such alliances between INEC officials and the ruling PDP could lead to election rigging, as it appears that PVCs are being distributed selectively.
TEGA urged the INEC Chairman to take direct control of the PVC distribution process, citing the apparent failure of the state’s Resident Electoral Commissioner to manage the situation effectively. The group’s call to action reflects growing concerns over the integrity of the electoral process in Edo State.
Former Kaduna Central Senator Shehu Sani has criticized the World Bank for worsening Nigeria’s economic difficulties. In a post shared on X, Sani accused the institution of projecting that Nigeria’s hardship would extend for another 15 years before the country could reach a better economic future. He questioned how many Nigerians would be left to enjoy that future, and how many African nations the World Bank has successfully helped to prosperity.
Sani’s remarks follow the World Bank’s latest *Africa’s Pulse* report, which forecasts that the Nigerian Naira will be among the worst-performing currencies in Sub-Saharan Africa by August 2024. The report placed the Naira’s decline alongside that of the Ethiopian Birr and South Sudanese Pound.
Heirs Insurance Group (HIG) recently announced impressive financial results for the 2023 fiscal year, marking significant growth across all key metrics. The Group’s Gross Written Premium (GWP) surged by 59.3%, from N19.9 billion in 2022 to N31.7 billion in 2023. This remarkable performance underscores HIG’s resilience and operational efficiency, further solidifying its position as one of Nigeria’s fastest-growing insurance firms.
Heirs General Insurance (HGI) saw a 77% increase in GWP, reaching N12 billion in 2023. HGI’s profit before tax (PBT) also rose by 203%, reflecting the company’s effective cost management. Similarly, Heirs Life Assurance (HLA) reported a 71% GWP increase and a staggering 395% rise in PBT. Both companies have demonstrated a strong commitment to customer satisfaction, disbursing billions in claims.
Beyond financial success, HIG actively engages in corporate social responsibility (CSR) projects, contributing over N100 million to education, community development, and financial literacy. With plans for future expansion and innovation, HIG is poised to remain a key player in Nigeria’s evolving insurance market.
Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to fulfill their tax obligations, emphasizing that government revenue is essential for delivering social services. Wike made this appeal during the inaugural Abuja Business and Investment Summit, held in Abuja on Wednesday.
Speaking on the summit’s theme, “Optimising Investment Through Partnerships,” Wike stressed the importance of collaboration to generate investment opportunities. He dismissed the misconception that the government does not need revenue, explaining that taxes are crucial for funding public services.
Wike reiterated that both investors and the government must benefit from such partnerships, ensuring that both parties “go home smiling” through a fair exchange of services and taxes.
Van Vicker Celebrates 21st Wedding Anniversary: “I Have No Regrets”
Davido Declares ‘Timeless’ His Best Album
‘Adire’ Secures Four Nominations at the Best of Nollywood Awards
-
Business17 hours agoOkpella Monarch: Obaseki Ratified Kingmakers Decision, End 5years leadership Vacuum
-
Banking13 hours agoFree Food Saga: Akpabio quoted out of context-CSO
-
Foreign17 hours agoSci-tech innovation fuels China’s high-quality development
-
Entertainment9 hours agoDavido Declares ‘Timeless’ His Best Album
-
Entertainment9 hours ago‘Adire’ Secures Four Nominations at the Best of Nollywood Awards
-
Business10 hours agoWike Urges Nigerians to Pay Taxes for Improved Social Services
-
Foreign11 hours agoQinling Mountains better safeguarded with comprehensive digital platform
-
Foreign11 hours agoExpressway service station in Shandong achieves carbon neutrality