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Peter Obi Resigns Peoples Democratic Party’s Membership Ahead of Presidential Primaries

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Peter G. Obi

The former Governor of Anambra State and the Presidential aspirant under the Peoples Democratic Party (PDP), Peter Gregory Obi on Tuesday announced he has resigned his membership due to recent developments that made it impossible to continue to participate and contribute to nation-building.

In a letter obtained by Investors King, the former governor cum entrepreneur submitted his resignation letter on Friday, May 20, 2022 to the Chairman of Agulu Ward 2. Anaocha LGA Anambra.

He said “I am by this letter informing you of my withdrawal from the PDP Presidential Primaries.

“It has been a great honour to contribute to nation-building efforts through our party. Unfortunately, recent developments within our party make it practically impossible to continue participating and making such constructive contributions.

“Our national challenges are deep-seated and require that we each make profound sacrifices towards rescuing our country. My commitment to rescuing Nigeria remains firm, even if the route differs.”

By ‘even if the route differs’, the vibrant politician may be suggesting pitching his tent with another party that shares his political ideologies for national building.

Peter Obi

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

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Nigeria to Implement Biometric Clearance Gates at International Airports by March 2024

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Nigeria is gearing up to introduce a significant upgrade to its airport security measures with the implementation of biometric clearance gates at international airports by March 2024.

This move aims to streamline passenger processing and bolster national security efforts.

Under the plan, five major international airports across Nigeria, including the Murtala Muhammed International Airport in Lagos, Nnamdi Azikiwe International Airport in Abuja, Mallam Aminu Kano International Airport, Port Harcourt International Airport, and Akanu Ibiam International Airport in Enugu, will be equipped with biometric clearance gates.

These gates will utilize advanced technology to provide seamless clearance services for passengers entering the country.

Minister of Interior, Olubunmi Tunji-Ojo, emphasized that the installation of biometric gates reflects Nigeria’s commitment to enhancing border control management and adhering to global best practices.

The gates are expected to significantly reduce clearance times, with a passenger clearing in just 30 seconds.

Tunji-Ojo highlighted the gates’ dual purpose: expediting passenger processing while also enhancing national security by allowing for quick identification of persons of interest.

The initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, aiming to provide quality services to Nigerians while ensuring national security.

This modernization effort is poised to address long-standing issues of delays and improve the overall travel experience for passengers at Nigeria’s international airports.

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President Bola Tinubu to Inaugurate Red Line Mass Transit Train on February 29

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Bola Tinubu

President Bola Tinubu is slated to inaugurate the long-awaited Red Line Mass Transit Train on February 29, according to the Lagos State Governor, Mr. Babajide Sanwo-Olu.

The disclosure came during the Lagos State Parking Authority (LASPA) Stakeholders’ Forum 2024, held in Lagos.

The Red Line, a pivotal component of the state’s integrated mass transit system, stretches from Agbado in Ogun State to Oyingbo in Lagos Mainland.

The project aims to alleviate the perennial traffic congestion in Lagos, offering commuters a faster and more efficient mode of transportation.

Governor Sanwo-Olu highlighted the state’s commitment to addressing traffic challenges and emphasized the importance of the Lagos State Parking Policy in regulating parking across the metropolis.

The policy established the Lagos State Parking Authority (LASPA), tasked with implementing innovative parking solutions.

He underscored the collaboration between the state government and local authorities, recognizing the strategic partnership with the Association of Local Governments of Nigeria (ALGON) in parking regulation efforts.

The forthcoming inauguration marks a significant milestone in Lagos’ transportation infrastructure, promising improved mobility and reduced commute times for millions of residents.

With President Tinubu set to officiate the event, anticipation is high as the city prepares for this transformative development in its public transportation landscape.

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Foreign Embassies Given Two Weeks to Settle $5.36M in Ground Rents

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The Nigerian Government has issued a firm ultimatum to 43 foreign embassies and diplomatic houses in Abuja, the nation’s capital, demanding the settlement of outstanding ground rents totaling $5.36 million within two weeks.

In an official advertorial published by the Federal Capital Territory Administration in the Newspaper, the government emphasized the urgency of the matter.

Failure to comply within the stipulated period could result in the revocation of the rent titles held by the diplomatic entities.

The notice serves as a final warning to embassies, including prominent ones like the British High Commission, South African High Commission, Royal Embassy of Saudi Arabia, and the Embassy of Japan, among others.

These embassies and diplomatic entities have been identified as defaulters in the payment of their ground rents.

This directive underscores the Nigerian government’s commitment to ensuring compliance with legal obligations and financial commitments within its jurisdiction, regardless of the status of the entities involved.

The ultimatum is reminiscent of a similar notice issued last September to organizations in Abuja, emphasizing the importance of timely payment of annual rents.

The consequence of non-compliance, as stated in the notice, is the potential revocation of land titles.

The deadline creates a sense of urgency among the affected diplomatic missions, as failure to meet the payment deadline could lead to diplomatic tensions and logistical challenges for the embassies involved.

As the clock ticks, attention is focused on how these foreign embassies will respond to the Nigerian government’s ultimatum and whether they will meet the financial obligations within the stipulated timeframe.

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