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Myanmar-Thailand earthquake: Death toll passes 1,000

Death toll from the earthquake that hit Myanmar and Thailand has passed 1,000. This comes as rescuers dug through the rubble of collapsed buildings in a desperate search for survivors. No less than 1,002 people were killed and almost 2,376 injured in Myanmar’s Mandalay region, the country’s military government said in a statement on Saturday.
Myanmar-Thailand earthquake: Death toll passes 1,000

Death toll from the earthquake that hit Myanmar and Thailand has passed 1,000.

This comes as rescuers dug through the rubble of collapsed buildings in a desperate search for survivors.

No less than 1,002 people were killed and almost 2,376 injured in Myanmar’s Mandalay region, the country’s military government said in a statement on Saturday.

Mandalay region is Myanmar’s second-largest city and close to the epicentre of the quake, Al Jazeera reports.

Recall that 7.7-magnitude earthquake hit central Myanmar and parts of Bangkok, Thailand on December Friday.

The earthquake was described as shallow, arising at a depth of just 10km but the damage is expected to be enormous.

The quake destroyed several buildings, bridges, roads and among others.

Myanmar-Thailand earthquake: Death toll passes 1,000

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Tinubu signs Investments, Securities Act 2024, prescribes jail term for Ponzi scheme promoters

President Bola Ahmed Tinubu has signed into law the Investments and Securities Act (ISA) 2024, which repealed the Investments and Securities Act No. 29 of 2007. The Securities and Exchange Commission, SEC, disclosed this in a statement on Saturday. The enactment of the ISA 2024 reaffirms the authority of the SEC as the apex regulatory
Tinubu signs Investments, Securities Act 2024, prescribes jail term for Ponzi scheme promoters

President Bola Ahmed Tinubu has signed into law the Investments and Securities Act (ISA) 2024, which repealed the Investments and Securities Act No. 29 of 2007.

The Securities and Exchange Commission, SEC, disclosed this in a statement on Saturday.

The enactment of the ISA 2024 reaffirms the authority of the SEC as the apex regulatory authority of the Nigerian capital market.

SEC explained that the landmark legislation would strengthen the legal framework of the Nigerian capital market, enhance investor protection, and introduce critical reforms to promote market integrity, transparency, and sustainable growth.

Similarly, the Act expressly prohibits Ponzi schemes and other unlawful investment schemes, while prescribing stringent jail terms and other sanctions for the promoters of such schemes.

Accordingly, the new Act also introduces transformative provisions to further align Nigeria’s market operations with international best practice.

The statement reads, “The Securities and Exchange Commission (SEC) is pleased to announce that resident Bola Tinubu has assented to the Investments and Securities Act (ISA) 2024, which repeals the Investments and Securities Act No. 29 of 2007.”

Commenting on the development, Dr. Emomotimi Agama, Director-General of the SEC, lauded the President’s assent as a transformative step for the capital market.

Agama said, “The ISA 2024 reflects our commitment to building a dynamic, inclusive, and resilient capital market.

“By addressing regulatory gaps and introducing forward-looking provisions, the new Act empowers the SEC to foster innovation, protect investors more efficiently, and reposition Nigeria as a competitive destination for local and foreign investments”, he stated.

DAILY POST gathered that some of the salient provisions of the new act address existing restrictions in respect of raising funds from the capital market by sub-nationals to allow for greater flexibility in this regard.

Also, the Act introduces the mandatory use of legal entity identifiers (LEIs) by participants in capital market transactions.

Tinubu signs Investments, Securities Act 2024, prescribes jail term for Ponzi scheme promoters

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Edo travellers killing disheartening, violation of right to life – NANS

The National Association of Nigerian Students has strongly condemned the killing of travellers in Esan North-East Local Government Area, Edo State. In a statement by its National President, Oladoja Olushola, NANS described the attack as “disheartening, highly condemnable, and a violation of the right to life.” The victims, who were travelling in a truck and
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The National Association of Nigerian Students has strongly condemned the killing of travellers in Esan North-East Local Government Area, Edo State. In a statement by its National President, Oladoja Olushola, NANS described the attack as “disheartening, highly condemnable, and a violation of the right to life.” The victims, who were travelling in a truck and

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Presidency: Atiku lying during Holy month of Ramadan, he picked Wike – Minister’s aide

Lere Olayinka, the Minister of the Federal Capital Territory, FCT, Nyesom Wike’s Senior Special Assistant on Public Communications and Social Media, on Saturday rubbished claims by the former Vice President, Atiku Abubakar that the committee set up to pick his running mate in the 2023 presidential election rated the former Governor of Delta State, Dr
Presidency: Atiku lying during Holy month of Ramadan, he picked Wike – Minister’s aide

Lere Olayinka, the Minister of the Federal Capital Territory, FCT, Nyesom Wike’s Senior Special Assistant on Public Communications and Social Media, on Saturday rubbished claims by the former Vice President, Atiku Abubakar that the committee set up to pick his running mate in the 2023 presidential election rated the former Governor of Delta State, Dr Ifeanyi Okowa, as first choice.

Olayinka insisted that it was Atiku that asked Wike to jostle for the position of running mate.

He, however, said it was unfortunate that Atiku could not respect the Holy Month of Ramadan and avoid telling lies.

In a statement he signed, Olayinka wondered how a committee will present the person who had two votes as first choice as against the person who had 13 votes.

In an interview, Atiku had said, “So in 2023, I told the party to set up a committee to recommend three names. The committee ranked Okowa as the top choice, with Wike in second place and former Akwa Ibom Governor, Udom Emmanuel in third. So I picked number one.”

Reacting, Wike’s spokesman insisted that “Wike never put himself forward to be Atiku’s running mate then, Atiku did by himself, and he (Wike) accepted his offer with conditions.”

Olayinka said it was a fact that in the committee report, Wike had 13 votes while Okowa had two.

He said “The committee set up by the PDP picked Wike as Atiku’s running mate, but for reasons best known to him, he settled for Okowa, who had two votes from the committee members. That’s the truth Atiku should tell and stand with, not trying to colour his decision with falsehood.”

Olayinka, who noted that, for devout Muslims, the period of Ramadan is that of holiness, said “Al-Bukhaari (1903, 6057) quoted Abu Hurayrah (may Allah be pleased with him) as saying that Holy Prophet Mohammed (PBUH) said: ‘Whoever does not give up false speech and acting upon it, and ignorance, Allah (Subhanahu Wa Ta’ala) has no need of him giving up his food and drink.’

“Unfortunate, Atiku chose to tell lies so brazenly during the holy month of Ramadan, obviously forgetting that Allah (SWT) do not hearken to the prayers of liars, probably the reason he (Atiku) has continually failed in his desperation to be president of Nigeria.”

While advising Atiku, to always be honest to stand by his decisions, Olayinka said the FCT Minister was no longer interested in what happened and what did not happen concerning the 2023 presidential election.

“Like I said earlier, Wike has no regret for Atiku not picking him as his running mate and he also has no regret taking the position he took concerning the presidential election,” he said.

Presidency: Atiku lying during Holy month of Ramadan, he picked Wike – Minister’s aide

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Five feared dead over Shiites, Nigerian Army clash in Abuja

The Islamic Movement of Nigeria, known as Shi’ites, said it lost at least five of its members in the deadly clash with the Nigerian Army in Abuja on Friday. DAILY POST reports on Friday that Shiites and the Nigerian Army clashed on Friday around the Banex, Ademola Adetokunbo Crescent area of Wuse 2, Abuja, during
Five feared dead over Shiites, Nigerian Army clash in Abuja

The Islamic Movement of Nigeria, known as Shi’ites, said it lost at least five of its members in the deadly clash with the Nigerian Army in Abuja on Friday.

DAILY POST reports on Friday that Shiites and the Nigerian Army clashed on Friday around the Banex, Ademola Adetokunbo Crescent area of Wuse 2, Abuja, during a procession marking International Quds Day.

In an update, a leader of the group, Sheikh Sidi Sokoto, alleged that at least five persons were killed during the procession.

He claimed that there was no provocation from members of Shi’ites warranting the shooting by the Nigerian Army.

“There was no form of provocation from the participants warranting the brutality.

He narrated that, “They were marching peacefully from a mosque in Banex Plaza, where they had observed the Juma’at prayer, heading towards Wuse Market.

“The army blocked the way with an armoured vehicle and started shooting at the participants, most of whom were women and minors.”

“However, based on reliable information from eyewitnesses, the number of those killed is around five. Nevertheless, we will update the public in due course.”

Meanwhile, the Nigerian Army said the Shiite members became violent, disrupted law and order, and subsequently engaged troops during their procession on Friday.

The Army spokesman, Maj. Gen. Onyema Nwachukwu, confirmed the confrontation, stating, “There was a protest by the Shiites; I don’t know what it was all about.

“They (Shi’ites) became violent, disrupted law and order, and started engaging the troops. I learned there was an exchange of fire but can’t confirm if there were any casualties.”

Recall that the United States of America ambassador in Nigeria had issued a security alert to its citizens about planned IMN protests in Abuja and other major cities on Friday.

Five feared dead over Shiites, Nigerian Army clash in Abuja