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Why Paris Club refund is being delayed – FG

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The Federal Executive Council (FEC) yesterday said the release of the last part of Paris Club refund was being delayed because of the condition attached to it by President Muhammadu Buhari.

Minister of Finance, Zainab Ahmed, disclosed this while briefing State House Correspondents at the end of the FEC meeting.

“Mr. President has given approval for the payment of the last Paris Club refund to the states but the approval came with some conditions which we are trying to work out together with the states to meet.

“Those conditions that Mr. President gave are that we must show that the states have used the previous refund for payment of salaries and they will use this one also for payment of salaries,” she said.

On entitlements of Ex-Staff of the Nigeria Airways, she said the approval granted was for N45bn and explained why N22.6bn was released.

“The approval given for payment of entitlements to the ex-staff of Nigeria Airways was N45bn and because of paucity of funds, Mr. President gave approval for the payment of 50 percent of N22.6bn. We hope in 2019, to pay the balance,” she said.

She also said the council has approved N187.4m for the purchase of 600 bulletproof vests for the Nigeria Customs Service (NCS) to fight illegal importation of rice. She said the contract has eight months delivery period.

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OPAN disassociates self from online group called ‘OPMAN’

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The Online Publishers Association of Nigeria (OPAN) wishes to disassociate itself from the group known as Online Media Practitioners Association of Nigeria, which cleverly adopts the acronym ‘OPMAN’.

This statement serves as a notice to individuals or organizations having dealings with this group, ‘OPMAN’ as our lawyers engage the Corporate Affairs Commission to address this development, OPAN said in a statement adding that it has no affiliation whatsoever with the group.

OPAN President, Austyn Ogannah, said: “Our attention has been drawn to the existence of a group which adopted a name similar to ours and goes by an acronym that is closely identical to ours.

“For the record OPAN has no affiliation with this group or its promoter(s).

“The Online Publishers Association of Nigeria (OPAN), registered at the Corporate Affairs Commission (CAC) on 14th of November 2011, is the umbrella body for organisations and persons in the online/digital media space with a mandate to self regulate practitioners and promote responsible use of the new media in Nigeria.”

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NITDA sets up team to investigate, protect Nigerians from data breach

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The National Information Technology Development Agency (NITDA), today inaugurated the NITDA Data Breach Investigation Team at the Agency’s Corporate Headquarters, Abuja. The effort was aimed at safeguarding the rights, privacy and data of citizens in the country.

The Director General of NITDA, Mr Kashifu Inuwa Abdullahi CCIE, while inaugurating the Team said thay, “ever since the Agency issued the Nigeria Data Protection Regulation (NDPR) on 25th January, 2019, there has been an unprecedented interest in the regulation as witnessed by the various engagements and inquiries about it”.

He further stated the objectives of the National Data Protection Regulations includes: Safeguarding the rights of citizens on data privacy; Fostering safe conduct in transactions involving the exchange of Personal Data; Enabling Nigerian businesses to be globally compliant & competitive to create jobs for eligible Nigerians.

Inuwa said that, “NITDA, as the IT sector regulator has a duty to ensure that the objectives of the regulations are being realised”. The highlight of the event was the inauguration of a 15-man committee that will investigate and checkmate any breach of the National Data Protection Regulations (NDPR).

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Reps ask CBN to suspend cashless policy

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The house of representatives has asked the Central Bank of Nigeria (CBN) to halt the controversial cashless policy it recently re-introduced.

At plenary session on Thursday, the lower legislative chamber said the policy leads to significant decrease in credit extension by Nigerian money deposit banks.

The also said it has negative impacts on small and medium enterprises “which are clearly the engine room for growth of the economy.”

In a circular released on Tuesday, the CBN had directed all deposit money banks in the country to charge 3% processing fees for withdrawals and 2% for deposits of amounts above N500,000 for individual accounts.

Corporate account holders will be charged 5% processing fees for withdrawals and 3% for deposits of amounts above N3 million.

The directive was, however, criticised by some Nigerians for various reasons.

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