First Lady launches market-moni expansion, aids 1.5 million Nigerians – Newstrends
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First Lady launches market-moni expansion, aids 1.5 million Nigerians

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First Lady launches market-moni expansion, aids 1.5 million Nigerians

Senator Oluremi Tinubu, the First Lady, inaugurated the extensive Market-Moni initiative, known as ‘iyaloja’ or ‘nne ahia,’ benefiting 1.5 million Nigerians. The event, held at the Presidential Villa’s Banquet Hall in Abuja, featured the symbolic distribution of cheques to Federal Ministry of Humanitarian Affairs and Poverty Alleviation beneficiaries.

Emphasizing financial prudence, Senator Tinubu urged loan recipients to plan wisely, exercise fiscal discipline, invest strategically, adhere to repayment agreements, and remain flexible in navigating the dynamic business landscape.

The First Lady underscored the government’s commitment to supporting Micro, Small, and Medium Enterprises (MSMEs) to stimulate employment generation. She highlighted the crucial role of MSMEs in fostering inclusive growth and empowering vulnerable groups, especially women and persons with disabilities.

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The rebranded components—Owo Oja (Tradermoni), Owoagbe (Farmermoni), and Iyaloja (Marketmoni)—aim to enhance program understanding among women, traders, and farmers, emphasizing the significance of financial empowerment in native languages.

Dr. Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, affirmed that the expanded Government Enterprise and Empowerment Programme (GEEP) aligns with the goal of lifting 50 million Nigerians out of poverty. The Market-Moni scheme targets 1.5 million beneficiaries across all 109 senatorial districts, providing interest and collateral-free loans of N50,000 after registration.

Edu highlighted the program’s focus on financial inclusion, breaking down barriers, and empowering individuals with limited resources to participate in economic activities actively. The initiative, part of the National Social Investment Programme, represents a significant step in democratizing financial resources for the betterment of the nation.

The Minister expressed optimism about President’s commitment, stating, “Mr. President is in a hurry to change Nigeria for the better within the next one year,” emphasizing the urgency of uplifting Nigerians through impactful programs.

First Lady launches market-moni expansion, aids 1.5 million Nigerians

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Supreme Court dismisses 16 govs suit challenging EFCC legality

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Supreme Court dismisses 16 govs suit challenging EFCC legality

The Supreme Court has dismissed the suit by 16 states challenging the constitutionality of the acts establishing the Economic and Financial Crimes Commission and two others.

The News Agency of Nigeria (NAN) reports that the other agencies are the Independent Corrupt Practices and other related offences Commission (ICPC) and the Nigerian Financial Intelligence Unit (NFIU).

In the lead judgment by Justice Uwani Abba-Aji delivered on Friday, the Supreme Court resolved the six issues raised for determination in the suit against the plaintiffs.

The court held that the laws establishing the anti-corruption agencies were validly enacted by the National Assembly within its legislative competence.

It faulted the claim by the plaintiffs that the EFCC Act, being a product of the United Nations convention on corruption, ought to be ratified by majority of the state houses of assembly.

Delivering judgement on Friday, Justice Abba-Aji ruled that “the EFCC Act, which was not established from a treaty but a convention, does not need the ratification of the houses of assembly.”

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Executive Secretary FCDA Hadi Ahmad suspended indefinitely

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Executive Secretary FCDA Hadi Ahmad suspended indefinitely

 

Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.

His suspicion was on the order of the Minister of the Federal Capital Territory, Nyesom Wike.

Senior Special Assistant on Public Communications and New Media to the Minister, Lere Olayinka, disclosed this in a statement on Thursday evening.

No reason was given for the suspension.

Ahmad was directed to hand over to the Director, Engineering Services in the FCDA.

The statement read: “The Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.

“According to a statement on Thursday, by Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory FCT, Nyesom Wike, the suspension of Engr Hadi Ahmad is with immediate effect.

“The suspended Executive Secretary has consequently been directed to hand over to the Director of Engineering Services, Engr in the FCDA.”

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Just in: Rivers, Anambra high court judges suspended for one year

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Just in: Rivers, Anambra high court judges suspended for one year

 

The National Judicial Council (NJC) has suspended two state high court for over acts of professional misconduct.

The NJC named the affected judges as Justice G. C Aguma of the High Court of Rivers State and Justice A.O Nwabunike of the Anambra State High Court.

They were both suspended for the period of one year without pay and thereafter placed on watch list for two years.

The decision was taken at the 107th Meeting of the NJC chaired by the Chief Justice of Nigeria, Hon. Justice Kudirat Kekere-Ekun on 13 and 14 November 2024.

A total of five serving judicial officers were sanctioned for various acts of misconduct.

The Council also recommended two Heads of Court for compulsory retirement over falsification of age.

The duo of the Chief Judge of Imo State, Hon. Justice T. E. Chukwuemeka Chikeka and the Grand Kadi of Yobe State, Hon. Kadi Babagana Mahdi, were recommended for compulsory retirement for falsification of their ages.

The Council considered the Report of its Preliminary Complaints Assessment Committee, which considered a total number of 30 petitions, empanelled six committees for further investigation.

Twenty-two cases were dismissed for lacking in merit, two were sub judice.

The Council also empanelled a committee to investigate all complaints and petitions against Hon. Justice O. A. Ojo, Chief Judge, Osun State.

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