All Posts in "Month: December 2022"

FG tasked to allow private sector lead Lekki logistics infrastructure

By Favour Nnabugwu

 

 

The Nigeria Export Processing Zones Authority (NEPZA) and  stakeholders in Free Trade Zones stakeholder to allow private sector to drive the development of logistics infrastructure for the Lekki business corridor.

Managing Director of NEPZA, Prof Adesoji Adesugba at the 2022 NEPZA Annual Free Trade Zone Meeting on Monday in Lagos.

The annual meeting is an avenue where Zone Managements, Chief Executives Officers of Enterprises in the zones, top management staff of the Authority and free zones stakeholders take stock of the successes and challenges of their operations.

Adesugba, also the Chief Executive Officer of NEPZA, explained that the Lekki part of Lagos was arguably the country’s most profitable economic gateway as it warehoused some of the potentially great free zones that would drastically turnaround the economic fortunes of the country in few years.

The NEPZA boss said the government’s evolvement in the construction of double carriage road along that axis was greatly commendable and acknowledged, but however, noted that the government would save its hard-earned resources if it could completely divest its stake to the private sector for efficiency and profitability.

“I would like to reiterate that the federal government will not want a repeat of the experience of the Apapa Port on the Lekki corridor when the Deep-Sea Port and the Dangote Refinery become operational.

“We are already getting late, but the government could quickly salvage the situation by allowing the private sector to deliver world class multi-facet logistics infrastructure for easy evacuation of goods and services.

“The area requires standard rail infrastructure and double carriage way for heavy duty vehicles servicing all the zones located in that corridor.’’ Adesugba said.

Furthermore, all the participants were in agreement with the NEPZA boss, as according to them, the huge investments that sit on that corridor will not make any significant impact on the economy in the absence of smooth link with the corridor.
Meanwhile, Adesugba expressed delight on the absolute support of the administration of His Excellency, President Muhammadu Buhari GCFR that led to the Authority’s recorded success so far.

“Recall that the president at the just concluded 30th Anniversary of the Free Trade Zone in Nigeria and the 7th AEZO meeting publicly attested to the fact that NEPZA and the free zone scheme had positively contributed to the success and achievements of his economic policy.

“We are elated by this commendation and we can only be encouraged to do more to fast track the industrialization process.

“We have with the support of government, the zones’ management, and the staff of the authority, carried out a number of reforms and re-directed our strategy plan, resulting in the several successes we have recorded’’, he said.

The chief executive officer used the occasion to assure management of zones and other stakeholders of NEPZA’s readiness to continually protect their investments, adding that the Authority would assiduously work within its mandate to ensure that investors in the country’s free zone continued to harvest quality returns on their investments.

Patoma Admin by — December 21, 2022 in Industry, Trade & Investment 0
Top 10 insurers in Non-Life contributed 64.2%, top 3 Life companies generated 49.3% in Q3 2022

By Favour Nnabugwu
Insurance companies are in their strides making waves as top 10 underwriters in the Non-Life section of the industry underwrite 64.2 per cent of the gross premiums income in the third quarter 2022
This was an increase its position of 60.8 percent recorded in the same quarter last year.
The Synopsis of the Insurance Market Third Quarter 2022 released by the National Insurance Commission, Naicom also showed that top three Insurers contributed 49.3 percent of all premiums generated during the period compared to 45.4 percent  recorded in the previous period.
In the same vein, the Non-life business had a record of 0.2 percent of its market share contributed by the least three of the underwriters, same as in the prior period of second quarter of the year while about 31 percent of the Non-life gross premium was contributed by its top three Insurers, up from about 27 percent it recorded in the previous quarter.
In the overall analysis, the market maintained a fairly balanced concentration especially in the Non-Life section of the industry
From the ongoing, the market Statistics of the third quarter 2022 has revealed some quality developments in the industry performance indicators in terms of growth, retention, claims management experience and profitability, at levels of which the industry could be ruled as
profitable, sound and stable.
Naicom also said that the on-going digitisation and market deepening measures of the Commission, the outlook remains strongly positive
The market concentration as shaped by competition and other factors in the industry revealed a rather similar scenario compared to the second quarter of 2022, indicating that the market control setting has not significantly changed in the last three months
In the overall gross premium of N532.7billion generated Ithe third quarter 2022, claims settlement took a direct reflection of the market premium retention as Motor Insurance retained its lead, posting a claims settlement ratio 91 percent
This is followed by Miscellaneous insurances reporting about eighty one per cent as paid claims ratio to all reported claims during the period while General Accident 74.4 percent
Marine & Aviation 74.3 percent and Fire Insurance 59.6 percent trailed in that order.
The Oil & Gas business stood out as the most improved portfolio in this respect at 65.3 percent of claims settlement ratio, an increase of 41 points compared to its position of 23.9 percent recorded in the corresponding period of 2021.
The experience in Oil & Gas corner of the market with respect to claims settlement could be attributable to the increasing capital and, underwriters’ growing confidence and dexterity in the market.
Similarly, the claims settlement ratio of the life business stood at 95 percent while the aggregate industry average was recorded at 85.4 percent during the quarter.
In the Life business segment, the least three companies recorded a proportional contribution of about 0.1 percent, same
The Insurance market indeed remained profitable during the period, recording an overall industry average of 54.5 percent, a noteworthy performance though lesser, compared to 46.7% recorded in the corresponding period of preceding year.
The Non-Life segment stood at 43.5% better than in the Life business which reported a net loss ratio of 63.6 percent during the period.
The sustained lower net loss ratios of the non-life which is relatively a short-term business, is good for the market as it could quickly register some good market image and confidence in the industry.
Patoma Admin by — December 21, 2022 in Insurance 0
JAMB begins registration of UTME January 14, direct entry Feb 20

By Favour Nnabugwu

 

 

The Joint Admissions and Matriculation Board, JAMB, will begin the registration of 2023 Unified Tertiary Matriculation Examinations, UTME on January 14, 2023.

JAMB also said the registration of its Direct Entry,DE for 2023 session commences from Monday, February 20, to Thursday, April 20, 2023.

The spokesman of the nation’s tertiary institutions admission examinations body ,Dr Fabian Benjamin,said in a statement, Tuesday,that the decisions were taken at the end of JAMB’s management meeting held on Tuesday, 20th December, 2022,.

“The Board has approved the commencement of registration for the 2023 Unified Tertiary Matriculation Examination (UTME) from Saturday, 14th January to Tuesday, 14th February, 2023.

“This, however, does not include registration for Direct Entry (DE) application documents as the DE registration would commence from Monday, 20th February to Thursday, 20th April, 2023,”he said.

The statement further read:”The Board also fixed Thursday, 16th March, 2023, for the conduct of its optional mock-UTME.

“Candidates are to note that they would be required to pay the sum of N1000 service charge for CBT centres for the conduct of mock examination at the point of registration so as to prevent a situation where candidates would indicate their interest to sit the mock-UTME leading the various centres to commit human and material resources only for them to stay away on the day of the examination. With the new arrangement, candidates indicate their interest by paying for the mock at the point of UTME registration, therefore, precluding the centres from incurring any loss whether candidates turn up or not.

“Also, the Board, after considering its other commitments, fixed Saturday, 29th April, 2023, for the conduct of the 2023 UTME, which is expected to end on Monday, 12th May, 2023.

“The Board advises all candidates, who desire to register for the 2023 UTME to immediately embark on the creation of their respective profiles ( creation of profile code) ahead of the formal commencement of the registration exercise to avoid being caught up in any ensuing bottleneck.”

Patoma Admin by — December 20, 2022 in Education 0
PenCom rated top among CBN, NDLEA, DSS – CCSN

By Favour Nnabugwu

 

 

The Conference of Civil Society of Nigeria (CCSN) has identified the National Pension Commission (PenCom) as one of the top performing Ministries, Departments and Agencies (MDAs) in Nigeria.

The CCSN who rated PenCom among top performing MDAs like the Department of State Services (DSS), National Drug Law Enforcement Agency (NDLEA), and Central Bank of Nigeria (CBN).

In a letter was signed by the CCSN’s Chairperson, Comrade Adams Otakwu, and two other members of the coalition, John Ogar and Acheme Arumona said PenCom “has become synonymous with positive, transparent and goal-oriented pension administration in Nigeria,” the letter intimated President Buhari.

The CCSN, which is a coalition of Civil Society Organisations (CSOs) crusading for good governance and transparency, said PenCom “stands out as one of the most ambitious financial inclusion programmes targeted at the Civil Society and the informal sector of any developing economy in the world.”

The CSOs disclosed this in a letter to President Muhammadu Buhari dated 19 December 2022.

The coalition observed that PenCom embodies “a welcome departure from the humongous corruption and inhumane treatment of our pensioners, that was the stock in trade prior to the current dispensation.”

The letter stated that PenCom, since 2019, has recorded phenomenal reforms of global reference.

“These include the extraordinary rise of pension assets and Retirement Savings Accounts, enhanced contributory registration system, payment of outstanding pension liabilities, recovery of outstanding pension contributions, increase in Minimum Share Capital for Pension Fund Administrators, and effective implementation of the Micro Pension Plan, which coopted the Civil Society into the pension scheme and has greatly enhanced our productivity and well-bring.”

Patoma Admin by — December 20, 2022 in Pension 0
Insurance industry ratio of total claims, gross premium for Q3 2022 hit 46%

Insurance industry ratio of total claims, gross Premium in Q3 2022 hit 46%
By Favour Nnabugwu
Insurance industry has raised it’s standard beyond expectation despite the economic situation of the country, the sector ratio of total claims to Gross Premium hit 46 percent in the third quarter of the year 2022.
During the third quarter of 2022, the gross claims reported by market stood at N242.6billion with a Gross Premium of N532.7billion in the same period
The report released by National Insurance Commission, Naicom on the Synopsis of the Insurance Market Third Quarter 2022  by the Head of Corporate Communications and Market Development, Mr AbdulRasaaq Salami stated that the ratio of total claims to Gross Premium stood at 406 percent during the current period.
Naicom defined insurance claims component as the essence of insurance business as a whole and indeed
a major factor in consumer confidence building.
The total gross claims N242.6billion declined by 2.3 percent in the third quarter of 2022, compared to the corresponding period of 2021.
The net claims paid on the other hand stood at about N207.2 billion, signifying an 85.4 percent of all gross claims reported during the period.
The Life Insurance business recorded a near perfect point of 95.0 percent claims settlement against all the reported claims while non-life segment stood generously at 72.4 percent during the same period.
The Nigerian Insurance industry in the third quarter of 2022 as captured by this analytical report, was a virtue of an excellent performance in the financial services sector of the economy.
It generated N532.7 billion in gross premium income at a Year on Year (YoY) growth rate of 15 per cent during the period.
Gross Premium Income in Non-Life & Life Businesses for the period under review shows life raked in N221.8 billion; Oil & Gas taking N95.9 bn; fire N66.2 bn;
Motor N45.3; Gen. Accident N34.8bn;
Marine. N36.7 bn; Misc. N32.0bn giving a total of N532.7 bn.

The Non-Life insurance business sustained its market dominance at 58.4% of the total premium generated. Insights in the segment show Oil & Gas was the leading driver at 30.8% with Fire Insurance following at 21.3%. Motor Insurance stood at 14.6% while Marine & Aviation, Gen. Accident and Miscellaneous reported a share of 11.8 percent 11.2 percent and 10.3 percent respectively.

Life business on the other hand recorded 41.6 percent of the market production as its
<span;>share contribution gradually closes up. The share of Annuity in the Life Insurance business lagged at about twenty six per cent (25.5%) while Individual Life was at 41.2 percent of the premium generated during the period.

Patoma Admin by — December 19, 2022 in Insurance 0
AGCS sets up ESG organisation to drive sustainability, leadership

By Favour Nnabugwu

 

 

Allianz Global Corporate & Specialty (AGCS) has established a dedicated in-house organization for Environmental, Social & Governance (ESG) activities including several high-level leadership roles and appointments.

With its new set-up, AGCS will work together with its customers on solutions and products to mitigate risks and maximize opportunities from the transition to a net zero economy. 

Gabrielle Durisch will join AGCS from Zurich Insurance Group in April 2023 as the new Global Head of ESG & Sustainability Solutions. In this role she will help evolve AGCS’s ESG & Sustainability strategy and work with all AGCS lines of business to drive the development of new insurance solutions including market opportunities in renewable energy, low-carbon technology, or sustainable construction and transport.

Ralf Heintges was appointed Global Head of ESG & Sustainability Governance in September 2022 and oversees the decarbonization of AGCS’s own insurance portfolio over the coming decades in line with Allianz Group’s membership in the UN-convened Net Zero Insurance Alliance (NZIA).

 Managing ESG topics in underwriting, Durisch and Heintges both work for AGCS Chief Underwriting Officer Specialty Dr Renate Strasser who assumes responsibility for all underwriting related ESG activities of AGCS. As AGCS’s Head of ESG Operations since July 2022, Katja Oristanio ensures that AGCS will effectively contribute to the ambitious Allianz Group targets for net zero operations by 2030 in its own business.

Transition in partnership

AGCS Chief Underwriting Officer Specialty Renate Strasser comments: “Tackling climate change and other ESG factors increasingly drive the agenda, both in business and society. At AGCS we are committed to realizing Allianz Group’s sustainability strategy and becoming an ESG leader in the corporate insurance segment. 

Our new ESG organizational set-up is now fully rolled out. We see this new business area as a priority for growth, focused on delivering impact and accelerating the path to a net zero world. Led by Gabrielle, Ralf and Katja we will drive engagement for sustainability topics across all our underwriting lines, Allianz Risk Consulting and core business functions. 

We will partner with our customers on their low-carbon transition, supporting them with new products and services and helping them mitigate increasing climate risk. The transition to a net zero economy can only be achieved in partnership and we are committed to do our part, together with our customers and supporting the climate partnerships of Allianz Group.”

AGCS’s sustainability journey

Sustainability has been an integral part of AGCS’s business for several years: ESG-related reviews of current or prospect business continue to be a core element of AGCS’s underwriting process. In addition, AGCS is implementing Allianz Group underwriting guidelines for providing coverage for fossil fuel sectors such as coal-based businesses (introduced in 2018) and, most recently, the oil and gas industry (April 2022). Already a major insurer wind and solar energy today, AGCS is committed to further expand its support for companies and projects in the renewable energy and green tech segment, for example for the fast-evolving hydrogen technology.

Biographies of AGCS’s ESG leadership team

Gabrielle Durisch joins from Zurich Insurance Group where she has been Global Head of Sustainability for Commercial Insurance and Group Underwriting since April 2020. She started at Zurich in 2011 and has held several leadership positions in Claims and Finance since then. Previously, she worked in roles spanning corporate tax, pricing, financial planning and M&A transaction services at Deloitte, General Motors and KPMG. She holds a bachelor’s degree in Geology from the University of Edinburgh and is a UK qualified accountant with the ICAEW.

Ralf Heintges has extensive underwriting experience over 30 years across Engineering and Construction lines of business as well as underwriting governance. He was appointed “Global Head of ESG & Sustainability Governance” at AGCS in September 2022. Prior to that, as Global Head of Underwriting Integrity & Solutions, he was responsible for harmonizing the underwriting approach on key topics and Allianz Group initiatives across all lines of business for AGCS.

Katja Oristanio has been Head of ESG Operations at AGCS since July 1, 2022. She joined AGCS from Allianz Reinsurance where she was Global Head of Protection and Resilience. She started at Allianz in 2009, first as Regional Sales Manager for Allianz Germany, then moving to corporate sustainability roles at Allianz SE and Allianz Reinsurance, including a position as Head of Risk Advisory for Renewables at Allianz Climate Solutions. She holds a master’s degree in international economics from the Berlin School of Economics and Law.

Patoma Admin by — December 19, 2022 in Insurance 0
Our books are ready for scrunity – PenCom

By Favour Nnabugwu
Against all odds and allegations of misappropriation leveled against the Director-General of the National Pension Commission (PenCom), Mrs Aishat Dahir-Umar has dared anyone or institution to investigate and will not find any fault with her
PenCom in a Statement released today said the regulatory books are open for scrutiny.
Dahiru-Umar said the Commission is ready to open it’s books for probe, adding that there is nothing to hide.
She said PenCom is aware of a coordinated plan to bring the commission into disrepute with frivolous petitions to the anti-graft agencies in collaboration with disgruntled insiders.
“These elements, some of whom are yet to come to terms with the fact that PenCom is no longer at their beck and call, have been sponsoring negative media reports and getting faceless groups to write frivolous petitions to the Economic and Financial Crimes Commission (EFCC),” Mrs Dahir-Umar said.
“Although some low-level media outfits are giving a voice to these defamatory
petitions, those who know how we conduct our affairs at PenCom are not in any way bothered.
Since I took over as the DG, we have undertaken far-reaching reforms within the organisation which are yielding positive results.”
Describing the era of “anything goes” as long dead and buried, she said: “Those who think they can use the commission to make money or that they should be the ones calling the shots are bitterly disappointed and are sponsoring false publications and trumped-up petitions. We will cooperate fully with the agencies.
“Our message to the disgruntled elements today is exactly as it was yesterday: we will not allow anyone to pilfer pension funds for self-aggrandizement. It will never happen under my watch.”
Dahir-Umar added that if PenCom had anything to hide, “We would have surrendered to the agents of blackmail who have been on our case since 2017 when I became acting DG”.
Patoma Admin by — December 17, 2022 in Pension 0
AGSC rolls out five trends for 2023

By Favour Nnabugwu
Allianz Global Corporate & Specialty (AGCS) has released a new report giving its insights for the coming year on the international directors and officers market.
The report says that the five trends needed to guard against in 2023 are economic and recession risks, cyber security struggles, ESG disclosures and exposures, US class action securities litigation, and antitrust and competition risks.
On the first economic and recession risks, the firm pointed to the 10.7% inflation rate in the Euro area. It also predicted that the world would tip into recession in 2023, writing: “Allianz Research expects global growth to slip into negative territory in Q4 of 2022 (-0.1% q/q), followed by a slow recovery at +1.5% in 2023.
Eurozone growth is likely to plunge to -0.8% in 2023 due to soaring energy prices and negative confidence effects creating a shock on real disposable incomes and corporate margins. The US will register a -0.7% fall in GDP, mainly due to rapidly tightening monetary and financial conditions, which will significantly cool the housing market.”
It added: “Macroeconomic scenarios have been adjusted repeatedly over the past months. An important consideration for 2023 is the impact state interventions will have on government budgets and whether credit ratings of government debt will remain stable, concludes [David Van den Berghe, global head of financial institutions at AGCS].
The possibility of sovereign debt rating downgrades looms over firms carrying these assets on their balance sheets. This is another area of concern for underwriters in addition to the volatility on the stock markets which we forecast will remain high in 2023.”
The report says that the five trends needed to guard against in 2023 are economic and recession risks, cyber security struggles, ESG disclosures and exposures, US class action securities litigation, and antitrust and competition risks.
On the first—economic and recession risks—the firm pointed to the 10.7% inflation rate in the Euro area. It also predicted that the world would tip into recession in 2023, writing: “Allianz Research expects global growth to slip into negative territory in Q4 of 2022 (-0.1% q/q), followed by a slow recovery at +1.5% in 2023.
Eurozone growth is likely to plunge to -0.8% in 2023 due to soaring energy prices and negative confidence effects creating a shock on real disposable incomes and corporate margins. The US will register a -0.7% fall in GDP, mainly due to rapidly tightening monetary and financial conditions, which will significantly cool the housing market.”
It added: “Macroeconomic scenarios have been adjusted repeatedly over the past months. An important consideration for 2023 is the impact state interventions will have on government budgets and whether credit ratings of government debt will remain stable, concludes [David Van den Berghe, global head of financial institutions at AGCS].
The possibility of sovereign debt rating downgrades looms over firms carrying these assets on their balance sheets. This is another area of concern for underwriters in addition to the volatility on the stock markets which we forecast will remain high in 2023.”
AGCS wrote also about the evolving landscape of cyber security threats, saying that issues around data security and information protection were of increasing concern to the higher echelons within companies.
AGCS wrote: “Recent years have seen a dramatic increase in the number of incidents, with the aftermath of events such as data breaches being devastating for the companies affected, including fines, costly breach notification procedures, business interruption, and intensely negative publicity.”
It added: “It is little wonder that investors increasingly view cyber security risk management as a critical component of a company board’s risk oversight responsibilities and, being fiduciaries, board members are therefore expected to develop and maintain accountabilities for cyber security before, during, and after any cyber incident.”
The firm also pointed to the increasing compliance requirements along with the prospect of regulatory or legal action from issues impacting directors and their insurance policies. The fourth point—US class action securities litigation—was related, talking about trends in SPACs, the pace of filings, large cases, merger objections, crypto, and Covid.
Finally, it said that increased enforcement around antitrust and competition risks could lead to more D&O claims. It pointed to President Joe Biden’s executive order Promoting Competition in the American Economy that took aim at the pharma, tech, and agriculture industries.
Angela Sivilli, co-head of global practice group for commercial D&O and financial institutions claims at AGCS, said: “This new aggressiveness by the DOJ may lead to an increasing number of D&O claims. Firstly, antitrust enforcement actions can lead to ‘follow on’ civil D&O claims, both against companies and against individual directors and officers.”
Patoma Admin by — December 16, 2022 in Insurance 0
Life insurance companies divided among MDAs for Group Life Cover

CAPTION:

Commissioner For Insurance, Mr Olorundare Sunday Thomas and The Head Of Service of the Federation, Folashade Mejabi Yemi-Esan

 

By Favour Nnabugwu

 

 

There are strong indications that almost all life insurance companies participated in the Group life for 89,000 civil servants of the federation

patomabusinessonline.com findings revealed that The Head of Civil Service of the Federation o behalf of the federal government and the National Insurance Commission, Naicom change the old system of the Group life which was a straight jacket consortium with only one lead underwriter.
The life insurance companies are: African Alliance; A.R.M Life Plc; Capital Express Assurance Ltd; Custodian Life Assurance Ltd; FBN Insurance Ltd; Mutual Benefits Life Assurance Ltd; Old Mutual Nigeria Assurance Company Ltd; Roya Exchange Prudential Life Assurance Plc and Tangerine Life Insurance Ltd
Others include: Coronation Insurance Plc; Prudential Zenith Life Assurance Ltd; Heirs Life Assurance Ltd; Stanbic IBTC Insurance Ltd and Enterprise Life Assurance Nig. Ltd.
Group life insurance is a type of life insurance where a single contract covers an entire group of people. Typically, the policy owner is an employer or an entity such as a labour organization, and the policy covers the employees or members of the group
The new system now is that life insurance companies are partition to ministries where about for to five underwriters partake in one and the others are also shared. By the method all the money are involved in the cover
A source who disclosed this to patomabusinessonline.com said the system is much better than it used to be.
The way government has package the Group life is that almost all the life companies are involved in the business. By this, no company feel cheated or left over.”
“Life  insurance companies are divided to cover the different Ministries, Departments and Agencies, MDAs and all the companies are involved, the source added
Before the advent of the PRA 2004, many employees and their dependents were at the mercy of their employers. This was due to the limitations of the Workmen’s Compensation Act of 1987 (WCA 1987) which existed at the time.
The WCA 1987 also did not provide coverage for employees outside work hours and thus the PRA 2004 (now amended to the PRA 2014) came to be the most important legislation for employees’ comprehensive welfare especially because it made it compulsory for employers to subscribe to a group life insurance cover for their employees in addition to setting up a contributory pension scheme.
Patoma Admin by — December 16, 2022 in Insurance 0
Yelutide: FG declares December. 26 & 27, 2022; January 2, 2023 holidays

By Favour Nnabugwu
The Federal Government has declared Monday 26th, Tuesday 27th December 2022 and Monday, 2nd January 2023 as public holidays for Christmas, Boxing Day and New Year’s Day celebrations respectively.
Permanent Secretary of Ministry of Interior, Dr Shuaib Belgore made this known in  a statement issued Friday in Abuja.
He said the Minister of Interior, Ogbeni Rauf Aregbesola, who made the declaration on behalf of the Federal Government, felicitates with Christians and all Nigerians at home and in the Diaspora on this year’s Christmas and New Year celebrations.
The statement urged Christians to emulate the doctrines of Christ in faith, hope and love.
“We must imbibe the life of Jesus Christ in His practice and teachings on Humility, Service, Compassion, Patience, Peace and Righteousness, that His birth signifies. This will be the best way to portray Christ and celebrate his birth”, he noted.
Aregbesola emphasized that peace and security are two critical conditions for economic development and prosperity, urging Christians and Nigerians to make the best use of this festive period to pray for the total eradication of insecurity bedevilling our dear nation.
He also charged Nigerians not to be lulled into insensitive crisis by criminally minded elements that wants to create anarchy in the country. “This calls for deliberate responsibility and discipline on the part of all”, the Minister stressed.
Aregbesola urged Nigerians to be security conscious, asking them to report any suspicious persons or activities to the nearest security agency through the N-Alert application on Android and IOS, saying “when you see something do N-Alert, as this would elicit prompt response from security agents”.
According to him, the Yuletide calls for spartan discipline in order to protect lives and properties of everyone in our community and the nation as a whole.
“Moderately celebrate the festival avoid the spread of fake news and be responsible. Take it as a point of duty you own your father land”, he counselled.
The Minister also assured that the Government has put in place effective measures for the security of lives and property and expects Nigerians to support the efforts of security agencies by providing useful information that will assist them in the performance of their duties.
Aregbesola admonished all citizens to remain focused and expresses confidence that the year 2023 would be a better year for us all.
He wished all Christians in particular a happy Christmas and all Nigerians a peaceful and prosperous New Year celebration.
Patoma Admin by — December 16, 2022 in News 0