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China Development Bank, UBA Sign $100m Loan Deal For SMES Development In Africa

Posted: 28 Feb 2018 12:05 AM PST

China Development Bank, UBA Sign $100m Loan Deal For SMES Development In Africa

United Bank for Africa (UBA) Plc, a pan-African banking group, and China Development Bank (CDB), the world's largest development finance institution, yesterday announced the signing of a $100 million seven-year loan agreement to finance the development of small and medium enterprises (SMEs) in Africa.


The $100 million loan would enhance UBA's capacity to provide access to finance to small and medium enterprises (SMEs) across the 19 African countries where UBA currently operates.

"We are excited to partner CDB, the Development Financial Institution of the Chinese Government, on this historic transaction, as we strongly believe that the facility will serve as a catalyst to the sustainable development of commerce and industry in Africa through provision of critical financial interventions to SMEs across our presence countries," Group Managing Director/CEO, UBA Plc, Mr. Kennedy Uzoka, said.


Uzoka noted that this line of credit is timely, as it would complement the recovery of economic activities in the African region.

It will also further encourage African entrepreneurship particularly as the funds will be applied to SMEs, which are important for inclusive growth on the continent.
Speaking during the signing ceremony, Chairman of UBA Plc, Mr. Tony Elumelu, said the fund would boost small and medium scale enterprises across Africa, noting that CDB's interest in supporting SMEs aligns with UBA's vision in growing business across Africa.

"In UBA, CDB would have an enduring partner in reaching out to Africans as UBA provides banking services to over 14 million people across 20 African countries, and like CDB, UBA funds critical infrastructural projects on the African continent," Elumelu said. He expressed hope that he would like to see a stronger relationship grow with CDB and UBA as well as with China and Nigeria.

"UBA is a leading and dependable bank not only in Nigeria but Africa, and this partnership will help our Bank to accelerate its business objectives in Africa, more importantly as we deepen our investment in energy, road and rail constructions, infrastructure in Africa," Zhije said.

CDB, founded in 1994, is the world's largest development finance institution and, the largest Chinese bank for foreign investment and financing cooperation.
It provides medium-to-long-term financing facilities that serve China's major long-term economic and social development strategies.

By the end of 2016, its assets grew to RMB 14.34 trillion, a balance of loans of RMB 10.32 trillion.
CDB currently has 37 primary branches and three secondary branches on the Chinese mainland, one offshore branch in Hong Kong and five representative offices in Cairo, Moscow, Rio de Janeiro, Caracas and London


Credit: UBA

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A US Children's Hospital Unveils Mini-cars For Patients To Ride To Surgery

Posted: 27 Feb 2018 11:40 PM PST

A US Children's Hospital Unveils Mini-cars For Patients To Ride To Surgery 

Children love new challenges especially when they are asked to use what they have not seen before. A children's hospital in California, USA has introduced a mini car that children going for surgery will rode on to the operating room, having fun all the way.

Children at the Rady Children's Hospital in San Diego can now "drive" themselves to the operating rooms in luxury mini-cars.

The luxury cars, are actually operated by a nurse or doctor, and are part of a new program designed to relax children before their operations.


"We're so excited," said Dr. Daniela Carvalho, the hospital's medical director of surgical services.

"Just the fact that... we're able to help our children and their families in the operating room relax a little bit more, and actually have fun when they're going to the operating room, is just tremendous."

The children have the choice to choose from a miniature brand of the car the want from a BMW, Mercedes or Lamborghini, which were donated by the San Diego Regional Law Enforcement Teddy Bear Drive.

So far, the cars have been a big hit, Carvalho said.

"The kids are having fun, the parents are seeing that they're relaxed and that they're happy, but for us — I mean, we're driving the cars, we're having fun, too, of course," she said.

Some other hospitals are already taking queue from the California Hospital by  making some  upgrades to their modes of transportation to take their young patients' minds off things.



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Katsina Youths Killed And Butchered Armed Robbers Caught In Army Uniforms(Viewer Discretion Advised)

Posted: 27 Feb 2018 02:42 PM PST

Katsina Youths Killed And  Butchered Armed Robbers Caught In Army Uniforms(Viewer Discretion Advised)

An online information shared today indicates that a group of armed robbers in military uniforms caused pandemonium in the early hours of today in Tandama town in Danja Local Government Area of Katsina State. 

The robbers allegedly shot and killed a young boy during their operation and this caused outrage as the youths and vigilante groups in the village organised themselves and surrounded the robbers and two of them was caught, killed and butchered.

  





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Man Sets Himself Ablaze In Gombe Over Buhari's Refusal To Assent Peace Corps Bill

Posted: 27 Feb 2018 02:09 PM PST

Man Sets Himself Ablaze In Gombe Over Buhari's Refusal To Assent Peace Corps Bill

A report received this evening, Tuesday, 27th of February, 2018 has it that a middle-aged man in Nappe, Dukku Local Government Area of Gombe State has reportedly set himself fire in protest of the rejection of President Muhammadu Buhari to assent to the Peace Corps Bill.


The man who was identified as Gambo Timothy Dogo, was a voluntary member of the Peace Corps before the incident of today. Dogo is said to be a father of two and he is a native of Bornu State.

According to IDOMA VOICE, an eyewitness told one of our reporters that Dogo had attempted suicide the last time news broke out that the bill was rejected.

The source further disclosed that Dogo in a text message sent to his colleague simply identified as Ahmed on Tuesday afternoon around 3pm before embarking on the suicide mission, 
gave reason for his action.

When contacted, Public Relations Officer (PRO) Gombe State command of the Peace Corps said she was not authorized to speak on the incident. In the same vain, the national spokesperson of the organization, Milicent Umoru neither picked nor returned our calls.

Meanwhile, the Gombe State Police command is yet to react to this incident at the time of filing this report.


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President Buhari Withhold Assent To Peace Corps Bill

Posted: 27 Feb 2018 06:53 AM PST

President Buhari Withhold Assent  To Peace Corps Bill 

President Muhammadu Buhari today refused assent to the Peace Corps of Nigeria establishment bill recently sent to him by the National Assembly.


His decision to withhold assent to the bill was contained in a communication to the legislative arm of government today Tuesday, the 27th of February.



Mr. Yakubu Dogara, The Speaker of the House of Representatives read the President's letter to members in plenary.

Some of the 
reasons the President gave for withholding his assent to the bill is funding and that the organisation is also a duplication of existing security agencies.


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PHCN Staff Loses Both Arms After Being Electrocuted While On Official Duty

Posted: 27 Feb 2018 06:20 AM PST

PHCN Staff Loses Both Arms After Being Electrocuted While On Official Duty

One Mr. Quadri Tairu Adewale a staff of the Power Holding Company of Nigeria (PHCN), has decided to ask for help after the tragedy that befell him. Quadri's ordeal started when he had electrocution while on duty, which eventually resulted in the amputation of his two arms. 

Mr. Quadri Tairu Adewale is said to be a married man with two children and he alleges that officials of PHCN Ikeja zonal office in Alausa, Lagos are yet to officially do something for him in order to improve his condition.

Quadri shared his story with Seun Oloketuyi who decided to post it online.

I humbly seek for assistance and help after the unfortunate accident of electrocution and the maltreatment meted out to me by the management of PHCN ikeja zonal office Alausa. Am Quadri Tairu Adewale by name and i hailed from epe LG in L/state ,i attended both my primary and secondary education all in epe before an admission to study elect/electronic in olabisi onobanjo university (OOU ) and am married with two kids.

I joined NEPA in 2001 through a program by FG called RCM as contract staff and was latter disengaged after unbundling of NEPA to PHCN,but was fortunate to gained an admission into OOU by 2004 during unbundling policy and left for school immediately.

However, i was due for industrial training (I.T ) by 2008 and applied for same at PHCN ojodu district, i was accepted was posted to magodo service center for the said training, thus while working OFFICIALLY with the staffs PHCN at magodo i got electrocuted on 5 May 2008,and was admitted into lagos state teaching hospital (LASUTH) where i went through four different operations.

I lost both my arms due to that unfortunate accident and was in LASUTH for 13 months and 6 days before i was discharged and all expenses pay by PHCN.

I was flown for further medical evaluations abroad (India ) and for prosthetic surgery when the presidency got involved after it was published in daily newspaper (THE SUN ) on 14 April 2009, to be honest i came back more disappointed with huge fraud that took place in India. Nonetheless i still engaged with management of PHCN (ikeja zonal office) on way forward, committees were set up ,till date nothing has been done even with their committees reports with different recommendations,hence all efforts to seek and get PHCN ikeja zonal office to my plight proved abortive.

I therefore appeal to well meaning Nigerians to please support these agendas which are :
1. Medical rehabilitation which includes provision of more reliable prosthesis. And
2. Empowerment to take care of my family as presently we rely on charity which is not sustainable.

I hope this my appeal will be handled with passion and urgency needed as my life is rusting away and my hopes of better lives crumbling as well ,thank you as you step in to save a hopeless soul and as i pray for you blessings from almighty God .

Yours Faithfully,
Quadri T.A


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"I Met Nnamdi Kanu In Ghana, Buying Pizza" - Igbo Lady Said In December 2017

Posted: 27 Feb 2018 05:07 AM PST

"I Met Nnamdi Kanu In Ghana, Buying Pizza" - Igbo Lady Said In December 2017 

A Nigerian Igbo lady stays in Ghana has posted a story of how she met Nnamdi Kanu, the  leader of the Indigenous People of Biafra (IPOB), disguising in Ghana.
She alleged that she saw him at a Pizza shop in Ghana called Eddys Pizza at about 8:45 pm, on the 11 of December 2017… 

She added that when she saw him, she tried to speak to him at first, but then he refused to respond to her, before she spoke Igbo and Kanu responded.
However she did not share photograph of the meeting, but share the picture of the Eddys Pizza shop she claims they met.



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Governor Akeredolu Pictured Eating With Pupils In Classroom

Posted: 27 Feb 2018 04:19 AM PST

Governor Akeredolu Pictured Eating With Pupils In Classroom

Governor Akeredolu(SAN) of Ondo State was pictured recently in a school classroom eating with pupils in fulfillment of the APC free feeding program for primary and secondary school in Nigeria; a promise made during the 2015 election campaign.


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