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Nigeria Youth Investment Fund (NYIF): FG Disburses N165.7 Million Loans to 239 Beneficiaries

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Nigeria Youth Investment Fund (NYIF): FG Disburses N165.7 Million Loans to 239 Beneficiaries

The Federal Government said it has disbursed N165.7 million loans to 239 beneficiaries under the Nigeria Youth Investment Fund (NYIF) being managed by the Ministry of Youths and Sports.

The disbursement was the first of over three million applications received and currently being processed by the ministry.

In a series of tweets put out on Wednesday, the presidency said “The Nigeria Youth Investment Fund (NYIF), being implemented by @NigeriaFMYS, has successfully completed its pilot disbursement of loans totaling N165,700,000 to 239 beneficiaries ahead of the processing of the over three million applications so far received.”

“The Fund, approved by the Federal Executive Council on July 22, 2020, is being implemented by @NigeriaFMYS in partnership with @cenbank and @FinMinNigeria and is being disbursed through @NirsalMFB.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Education

Take ASUU to Court, Adamu Adamu Tells Varsity Students

Adamu Adamu, the Minister of Education on Thursday said Nigerian universities student should demand compensation from the Academic Staff Union of Universities (ASUU) for the wasted six-month strike.

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Asuu and federal government in meeting

Adamu Adamu, the Minister of Education on Thursday said Nigerian universities student should demand compensation from the Academic Staff Union of Universities (ASUU) for the wasted six-month strike.

The minister also said the federal government will not pay lecturers the emoluments for the six months spent at home and encouraged students to take ASUU to court.

Adamu Adamu said this at the 47th Session of the State House Ministerial Briefing organised by the Presidential Communications Team at the Aso Rock Villa, Abuja.

Adamu suggested that the affected students should “take ASUU to court” to claim damages incurred over the strike period.

According to him, the federal government bears no liability to compensate millions of students grounded for six months over lost time.

He also said if the students are determined to get compensated, they should take ASUU to court.

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Travel

Emirates Airlines to Suspend Operations in Nigeria from September

Emirates Airlines has announced the suspension of flight operations in Nigeria, starting from September 1, 2022.

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Emirates Airline

Following its inability to repatriate funds from Nigeria due to persistent foreign exchange scarcity, Emirates Airlines has announced the suspension of flight operations in Nigeria, starting from September 1, 2022.

According to the airline, the suspension became necessary after all efforts to repatriate realised revenue from Nigeria failed despite a series of complaints.

It said this concern has been raised on many occasions with officials of the Federal Ministry of Aviation, as well as those at the finance ministry.

International airlines operating in Nigeria have struggled to repatriate revenue due to CBN’s failure to make dollars available for airlines looking to repatriate revenue to their home country.  Presently, foreign airlines are looking to repatriate about $600 million in blocked funds.

“We sincerely regret the inconvenience caused to our customers, however, the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible.”

It, however, noted that should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, the airline would, of course, re-evaluate its decision.

“We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations,” the global carrier stated.

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Equatorial Guinea: ‘Cleaning Operation’ Tramples on Human Rights, Not Crime

The Equatorial Guinean authorities must immediately stop arbitrarily and indiscriminately arresting young men in their fight against gang crime

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Equatorial Guinea

The Equatorial Guinean authorities must immediately stop arbitrarily and indiscriminately arresting young men in their fight against gang crime, said Amnesty International today after documenting numerous testimonies related to these arrests.

In response to an alleged increase in crime by youth gangs, especially a group known as the “8 Machetes”, Equatorial Guinea’s Vice President, Teodoro Nguema Obiang Mangue, launched a national plan to combat these gangs at the beginning of May, which was labelled by the authorities as a “Cleaning Operation”.

On 9 May 2022, Vice President Nguema Obiang Mangue said in a video broadcast on national TV that he had decided to launch the operation ‘to clean’ the streets of Equatorial Guinea of criminals and bandits, and to highlight the “right way” to young criminals.

“The ‘Cleaning Operation’ in Equatorial Guinea is deeply concerning as it leads to egregious violation of human rights. Under the pretext of fighting criminality, young people are being arbitrarily arrested and detained, with many facing torture or other ill-treatment, losing their lives, or being forcibly disappeared,” said Marta Colomer, Amnesty International’s Senior Campaigner for West and Central Africa.

“The Equatorial Guinea authorities must immediately end this campaign, which amounts to little more than a targeted assault on human rights. It is entirely possible to deal with criminal cases while also respecting human rights.”

Mass arrests and curfews

The government’s plan includes a curfew for young people, as well as sending suspected criminals to high security prisons. In a single week in May, more than 400 young people were arrested, while three months later, thousands of young men were reportedly arrested across the country. Due to a lack of evidence in some cases, some judges decided to grant parole to those arrested. At least two of those arrested, however, died in prison.

Amnesty International spoke with relatives of arrested and detained individuals. In many cases, they said their relatives were mistreated by the security forces during their arrest and detention.

Rubén, a 21-year-old from Campo-Yaunde, was arrested alongside a group of other young people on 20 May while gathering in the Campo-Yaunde area of Malabo, the capital. The group had been described by the authorities as criminals. On 6 June, he died in prison. The family received his body and a medical report, which indicated that Rubén had suffered from breathing difficulties and anorexia, among other health issues. The family maintains that Rubén had no health problems at the time of his arrest.

An older brother of two arrested boys told Amnesty: “The government is reacting to the actions of a criminal gang that was stealing from people, but they are taking people at random. Some are criminals, but others are just innocent men. They don’t investigate. We are not the only ones affected. Many families are also affected all over the country.”

‘He is a gangster, and we are going to put him in jail’

For many other young people arbitrarily arrested by security forces, their whereabouts remains unknown, while their families are often left with little or no news.

Lucas, a 24-year-old, was arrested by the Rapid Intervention Force on 8 May while spending time with his girlfriend and other friends. They were taken to the Central Police Station in Malabo. When Lucas’ girlfriend, Anita, tried to visit him, the police said her boyfriend “is a gangster, and we are going to put him in jail”.

The family heard from informal sources that Lucas is reportedly being held in Black Beach, a high security prison in Malabo, yet nobody could confirm this information. The lack of official information on his fate or whereabouts may turn his deprivation of liberty into an enforced disappearance – a crime under international law.

Anita told Amnesty International: “The only thing they are saying is that none of those arrested are innocent. If at some point it is proven that they are innocent, then they will be released. What happened to Lucas is happening all over the country. It’s not just here in Malabo.”

Santiago, a 22-year-old student arrested in the municipality of Bata three months ago, is still being arbitrarily detained by the police. Although the police told his family there was no proof of Santiago’s criminality, they demanded a payment of 100.000 CFA (around US$150) for his release. As the family were unable to pay, Santiago remains in detention in an unknown location.

“It’s not just my story. All the police stations are overcrowded with young boys who have been arrested. The other day, when I went there, there were at least more than 400 boys,” said Santiago’s father.

According to the African Charter on Human and Peoples’ Rights, to which Equatorial Guinea is a party, arrested and detained persons have the right to contact and access a family member or other person of their choice. A few days before the launch of the “Cleaning Operation”, the President Teodoro Obiang Nguema Mbasogo told the people of Equatorial Guinea that the plan does not undermine human rights, and that international human rights organizations who criticize it are trying to destabilize the country.

“The Equatorial Guinean authorities must urgently offer transparent information on deaths in detention and torture and other ill-treatment. They must also ensure those suspected of criminality face justice in fair trials before ordinary civilian courts and release all those who have been arbitrarily arrested and detained,” said Marta Colomer.

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