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Tinubu appoints new board members for Family Homes Funds

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President Bola Tinubu has approved the appointment of board members for Family Homes Funds Limited, FHFL.

A short statement by Tinubu’s media aide, Ajuri Ngelale, on Tuesday listed the new appointees as Demola Adebise (Board Chairman); Abdul Muttalab (Chief Executive Officer and Managing Director); Abdullahi Musa (Executive Director, Finance); and Emeka Henry Inegbu (Executive Director, Operations).

Others appointed to the board as non-executive directors include Sam Okagbue, Musa Ahmed, Dr Eniang Nkang, Ms Bilkisu Usman and representatives of Ministry of Finance Incorporated and Nigeria Sovereign Investment Authority, NSIA.

Ajuri said the President expects the new members of the board to deploy their expertise, experience, and commitment to steer the Family Homes Funds towards achieving its mandate of driving growth and development in the real estate sector.

According to the presidential spokesman, the gesture was in furtherance of efforts by the federal government to consolidate activities aimed at energising growth opportunities within the real estate sector.

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CREDIT: DAILY POST

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We’ll be forced to export 97% of our petrol – Dangote Refinery warns

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Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.

Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.

Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.

This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.

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FIFA U-20 Women’s World Cup: Round of 16 fixtures confirmed [Full list]

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The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.

In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.

As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.

The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.

The full lineup for the Round of 16 is as follows:

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  • Spain vs Canada
  • Brazil vs Cameroon
  • Colombia vs South Korea
  • Mexico vs USA
  • North Korea vs Austria
  • Germany vs Argentina
  • Netherlands vs France
  • Japan vs Nigeria
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Nigerian Army debunks reported mass resignation of soldiers

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The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.

In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.

A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.

Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.

He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).

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Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.

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