US Sanctions Nigerians Funding Boko Haram from United Arab Emirates
The United States has sanctioned six Nigerians in the United Arab Emirates (UAE), who were convicted for funding and supporting Boko Haram terrorist group
The six Nigerians in the UAE were said to have funded the terrorist group to carry out their activities successfully in the country.
According to a press statement by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), all the six Nigerians were found guilty of establishing a Boko Haram unit in the UAE which was designated to raise funds for the terrorist group and to provide material assistance to Boko Haram insurgents in Nigeria.
The six Nigerians, according to the press statement, are: Abdurrahman Ado Musa, Salihu Yusuf Adamu, Bashir Ali Yusuf, Muhammed Ibrahim Isa, Ibrahim Ali Alhassan, and Surajo Abubakar Muhammad.
The statement further revealed that the OFAC’s investigation was followed by arrests, prosecutions, and sanctions in the UAE in September 2021. The swift action by the UAE demonstrates the commitment of the Emirati government to using judicial measures and certain financial sanctions to curb the flow of funds to these networks.
Speaking about this action, the Under Secretary of the Treasury, Brian Nelson, said: “With this action, the United States joins the UAE in targeting terrorist financing networks of mutual concern. Treasury continues to target financial facilitators of terrorist activity worldwide. We welcome multilateral action on this Boko Haram network to ensure that it is not able to move any further funds through the international financial system.”
FG Assures Kick-off of Nigeria Air Operations Before Buhari’s Administration Ends
The Federal Government has reiterated its readiness to commence the operation of the national carrier, Nigeria Air before the expiration of President Muhammadu Buhari’s tenure.
The Minister of Aviation, Hadi Sirika gave the assurance during the 2023 National Aviation Stakeholders Forum in Abuja.
Investors King recalls that in November 2022, a Federal High Court in Lagos issued an order of interim injunction directing the federal government to discontinue the establishment of the national carrier. However, in February, Sirika said in an interview that he was not aware of such a court injunction, noting that the Nigerian Air had come to stay
Sirika stated that efforts have been intensified and consultations made to deliver the national carrier for use before May 29, 2023.
He said, “Operation of local and international flights will commence soon. Before the end of this administration, before May 29, we will fly.
“Negotiation meetings with the Ethiopian Airlines Group Consortium and the Federal Government of Nigeria is ongoing. Next step: Federal Executive Council approval of the Full Business Case.”
The minister noted that the Nigeria Air will reduce capital flights and improve the nation’s aviation industry.
According to him, the national carrier will also increase the Gross Domestic Product (GDP) of the industry. The impact would also be felt in tourism, agriculture and economic sectors as it will expand its shores, aid smooth transportation and provide more jobs.
Speaking on the development so far, Sirika said that the federal government had begun transactions to foreign airlines’ whose ticket sales funds were held up by insufficient dollars.
He said Qatar Airlines had $201 million trapped while for IATA airlines, $216 million was held.
He however, assured that efforts are ongoing to get the money released, adding that some of Emirates Airline funds have been returned and now left with $35 million.
Nigerian Students Studying in UK Reaches New High: What’s Driving This Trend?
According to official data from the Higher Education Statistics Agency (HESA), the number of Nigerian students studying in the United Kingdom (UK) rose to a record high of 44,195 in the 2021/2022 academic year. This represents an increase of 107.4% from the previous year.
With Nigeria ranking third behind China and India in the top ten international students list, experts attribute this growing trend to the UK’s intellectual capacity and its need for affordable labor to grow its economy.
Jennifer Oyelade, director at Transquisite Consulting, noted that UK universities get funding based on the performance of their students, which means that the more Nigerian students come and excel, the more money the universities receive.
Meanwhile, Adewale Adetona, co-founder at Menopays, argued that the UK sees attracting global talent as a significant way to further develop its economy.
The UK has become a global talent magnet by being a top study choice for Nigerian students. When compared to other countries, an analysis of Nigerian student enrollment data shows that the UK has a higher number of Nigerian students than the US, Canada, and Australia combined.
The UK’s withdrawal from the European Union in 2020 created a lot of job vacancies at the middle and low levels of the economy, leading the country to focus its attention on other countries with large youth demographics, including India, Brazil, and Nigeria.
To attract these countries, the UK updated its International Education Strategy in 2021, which aims to increase the value of its education exports to £35 billion ($48 billion) and host at least 600,000 international students annually by 2030.
The strategy includes the Graduate route, which allows eligible students to stay in the UK to work or look for work for up to two years (three years if studying at the PhD level) after completing a degree in the UK. Other strategies include high potential individual visas, global talent visas, and scale-up visas.
Despite the slow growth in international student numbers in the past due to migration restrictive policies, the British government’s updated education strategy has resulted in achieving the minimum 600,000 target in 2021, as the total number of international students reached 605,130 and 679,970 in 2021 and 2022, respectively.
Ebenezer Onyeagwu Receives Doctorate Degree in Business Administration from the University of Nigeria, Nsukka
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, was on Saturday, March 25, 2023, conferred with a Doctorate Degree in Business Administration by the University of Nigeria, Nsukka.
The award, which is in recognition of his immense achievements as Group Managing Director/CEO of Zenith Bank as well as his contributions to the growth of the financial services sector in Nigeria and across the African continent, was conferred on him during the 50th convocation ceremony of the University.
Speaking during the conferment ceremony, the Vice Chancellor of the University of Nigeria, Prof. Charles Igwe, congratulated Dr. Ebenezer Onyeagwu for distinguishing himself in his career and for his service to humanity, which made him worthy to receive the prestigious Doctorate Degree from Nigeria’s first indigenous University.
In his acceptance speech, Dr. Ebenezer Onyeagwu expressed his gratitude to the University of Nigeria for finding him a worthy recipient of the Doctorate Degree in Business Administration of one of the leading universities in Nigeria, considering the very rigorous process of selection of awardees by the institution. In his words, “for me to have been considered and to have passed through the meticulous selection process makes it the more dignifying because I have no connection with the University.”
Noting that the award represents a validation of the outstanding corporate governance, ethical leadership, and overall outstanding performance that Zenith Bank is recording, Dr. Onyeagwu dedicated the award to the board and management of Zenith, especially the Founder and Chairman, Dr. Jim Ovia, CFR, who has remained a mentor, a leader and a source of inspiration to everyone at the Bank and beyond; the staff, for being the shoulder and proverbial base of the pyramid upon which his achievements and success as CEO of the leading financial institution in Nigeria rests; the Bank’s customers for their unflinching loyalty to the brand; and to his family for their unceasing love and support.
Presenting the citation of Dr. Ebenezer Onyeagwu to the assemblage at the 50th Convocation Ceremony for the conferment of the Doctorate Degree in Business Administration, the orator of the University of Nigeria, Dr. Ikenna Onwuegbuna noted that Dr. Ebenezer Onyeagwu is an alumnus of Auchi Polytechnic, the University of Oxford, England and Salford Business School, University of Salford, Manchester, United Kingdom, Delta State University, Abraka. Also, he is an alumnus of Wharton Business School of the University of Pennsylvania, Columbia Business School of Columbia University, and the Harvard Business School of Harvard University in the United States.
Dr. Ebenezer Onyeagwu is a Fellow (FCA) of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of the Nigerian Institute of Management (NIM), The Chartered Institute of Bankers of Nigeria (CIBN), the Institute of Credit Administrators (ICA) and Senior Associate Member, Risk Management Institute of Nigeria (RIMAN).
Dr. Ebenezer Onyeagwu is the Chairman of the Body of Banks’ Chief Executive Officers, Nigeria and Chairman of Zenith Pensions Custodian Limited and Zenith Nominees Limited. He is also on the Board of Zenith Bank (UK) Limited, FMDQ Holdings Plc and Lagos State Security Trust Fund (LSSTF). Ebenezer Onyeagwu is a member of the International Monetary Conference (IMC), the Wall Street Journal CEO Council, member of the African Trade Gateway Advisory Council of the Africa Export-Import Bank (Afreximbank), and member of the Governing Council of the Chartered Institute of Bankers of Nigeria (CIBN). He also served on the board of Zenith Bank Ghana Limited, Zenith General Insurance, Zenith Securities Limited, Zenith Assets Management Company, Zenith Medicare Limited, and Africa Finance Corporation (AFC).
Dr. Onyeagwu’s track record of excellence has also seen him win several individual awards, including being named Bank CEO of the Year (2019) by Champion Newspaper, Bank CEO of the Year (2020, 2021 & 2022) by BusinessDay Newspaper, CEO of the Year (2020 and 2021) – SERAS Awards, and CEO of the Year (2022) – Leadership Newspaper.
Other recipients of Doctorate Degrees at the 50th convocation ceremony include former Governor of Delta State, Dr. Emmanuel Uduaghan, who was conferred with the Doctor of Public Administration, and the Chairman of Hobark International Limited, Dr. Obiora Fubara, who received the Doctor of Business Administrat ion. A retired Justice of the Supreme Court of Nigeria, Justice Mary Odili, was conferred with the Doctor of Law; however, her conferment was deferred to a later date because she was unavoidably absent at the ceremony.
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