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Federal Government Dismisses Claims of N-Power Portal Opening

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Npower

The Federal Government of Nigeria has unequivocally denied the alleged opening of a portal for the Renewed Hope Job Creation program.

This announcement comes in response to circulating rumors on social media that suggested the portal was being launched for the N-Power scheme.

Dr. Akindele Egbuwalo, the National Programme Manager of N-Power, Renewed Hope Job Creation, urged Nigerians to disregard these unverified claims.

Egbuwalo stressed that these claims did not originate from the N-Power, Renewed Hope Job Creation office, categorizing them as false and misleading.

Furthermore, the government plans to announce details regarding the program in due time through the official portal.

It was earlier reported that the Federal Government intends to commence payments for the nine-month backlog owed to N-Power beneficiaries in November 2023.

The Renewed Hope Job Creation program, spearheaded by the government, aims to address unemployment issues in the country.

Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, had previously announced the intention to restructure the N-Power scheme under the leadership of the Bola Tinubu-led federal government.

However, recent developments confirm that the program’s reopening remains subject to official announcements via the government’s official channels.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Bolt Driver Apologizes to Abia Lawmaker After Viral Assault Incident Sparks Social Media Frenzy

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The House of Representatives member representing Aba North/South of Abia State, Alex Ikwechegh, who made headlines after assaulting Stephen Abuwatseya, an e-hailing driver, in his Abuja residence, is once again in the news.

On Thursday, November 8, in a surprising turn of events, Abuwatseya publicly apologized to the Abia State lawmaker in a video shared on social media.

This development has sparked controversy on social media, with Nigerians voicing their opinions.

Recall that a video had surfaced online showing Ikwechegh assaulting the Bolt driver who had arrived at his Maitama residence in Abuja to deliver a package, sparking outrage from Nigerians.

Investors King reported that in the viral video, Abuwatseya was visibly angered as the lawmaker issued several threats and slapped him repeatedly.

It was gathered that the altercation escalated after the driver asked Ikwechegh to come outside to collect a package of snails intended for delivery.

The police subsequently arrested and arraigned Ikwechegh in court, where he pleaded guilty and was granted bail of N500,000.

Ikwechegh also issued a public apology, acknowledging his actions and expressing regret over his behavior during the incident.

However, in the latest video on Thursday, Abuwatseya apologized for provoking the lawmaker, urging Nigerians to come together to promote unity instead of division.

He stated, “Good day, Nigerians. My name is Stephen Abuwatseya. I had a misunderstanding with Rt. Hon. Alex Mascot Ikwechegh a few days ago. I actually want to apologize to him for whatever I may have said or done to provoke him to that level of anger.

“I want to tell Nigerians that it’s not time for us to start dividing ourselves based on religion, tribes, or regions. We should actually come together, see how we can unite this nation, and move it forward.”

The driver pleaded with Nigerians to forgive and move past the incident, saying, “Please, Nigerians, let’s forgive and forget, as it’s even contained in our Lord’s Prayer, that ‘Lord, please forgive us, as we forgive those who trespass against us.’ For there is no justice without forgiveness. Thank you very much.”

He also expressed gratitude to his family members and everyone who supported him, concluding, “I want to thank all of you. I love you all. Thank you. God bless Nigeria.”

His apology has sparked numerous reactions on social media. While many Nigerians supported his decision to forgive the Abia lawmaker, others criticized the move.

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Dapo Abiodun’s Company Goes Bankrupt As AMCON Takes Over To Prevent Further Risk

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Governor Abiodun of Ogun State

The Lagos Division of the Federal High Court has ordered an interim takeover of Heyden Petroleum Limited owned by the Ogun State Governor, Dapo Abiodun.

The Asset Management Corporation of Nigeria (AMCON) had approached the court for the takeover of the company over its alleged bankruptcy.

AMCON had argued that Heyden Petroleum Limited is financially incapacitated to operate, saying that its control of the company would save it from further risk.

Represented by its counsel, O.T. Ogunba, the Assets Management body had filed an ex-parte motion requesting the court’s intervention in the takeover process.

Mr Ogunba explained that the governor’s company and others including Innovative Ventures Limited and Optimum Construction & Property Development Company Limited, which are linked to the case, are currently financially insolvent.

The presiding judge, Justice Ambrose Lewis-Allagoa had reviewed the motion and supporting documents.

Expressing satisfaction with AMCON’s arguments, the court granted the prayer.

In his ruling on the case marked AMC/67/2024, Justice Lewis-Allagoa, on October 29, permitted the corporation to take over the companies.

The judge fixed hearing on the substantive suit on November 21.

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Ethiopian Airlines Welcomes Africa’s First A350-1000 Aircraft

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Ethiopian Airlines

Ethiopian Airlines, the largest airline in Africa proudly announces the arrival of Africa’s first Airbus A350-1000.

This significant milestone was celebrated in a grand ceremony attended by government officials, ambassadors, diplomats, and esteemed representatives from Airbus and Thales.

The aircraft landed at Addis Ababa Bole International Airport, basking in a warm welcome marked by a spectacular water cannon salute. Accompanying this momentous delivery was a payload of medical supplies valued at over 100,000 Euros, generously donated to the Ethiopian Airlines Foundation by Aviation Sans Frontières in
collaboration with Airbus.

Upon its arrival from Toulouse, France, the celebrations continued with a demonstration flight, inviting distinguished guests to experience the aircraft’s capabilities while enjoying stunning views of the Grand Ethiopian Renaissance Dam.

Commenting on this historic occasion, Ethiopian Airlines Group CEO Mr. Mesfin Tasew expressed, “We are thrilled to welcome the Airbus A350-1000 to our fleet, solidifying our position as leaders in aviation technology. This aircraft embodies cutting-edge advancements, offering superior passenger comfort, enhanced fuel efficiency, and reduced environmental impact. Together, we are pioneering a sustainable future for aviation in Africa.”

This state-of-the-art aircraft is the first to feature Thales’s AVANT Up inflight entertainment system and the HBC+ connectivity system, providing travelers with luxurious amenities, spacious seating, large screens, and a unique landscape camera.

With direct aisle access for all business class seats, convenience is prioritized. The A350-1000 boasts a revolutionary design with innovative aerodynamics and a carbon-fiber fuselage, powered by the fuel-efficient Rolls-Royce Trent XWB engines, ensuring a quieter, smoother journey for long-haul travel.

This launch marks a transformative moment for Ethiopian Airlines and sets new standards for the African aviation sector, aligning with the airline’s ambitious Vision 2035 plan.

Ethiopian Airlines is excited to welcome three additional A350-1000 aircraft in the upcoming months, further enhancing its modern fleet and commitment to passenger excellence.

With the addition of the A350-1000, Ethiopian Airlines reaffirms its commitment to innovation, sustainability, and customer satisfaction, charting a new course for African aviation excellence.

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