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Latest NPower News, Nasims News On Payment Today 26 September 2023
The latest NPower News and Nasims News On Payment Today 26 September 2023 can be accessed below.
Below is the Nasims news on payment today, NPower Stipend Payment, Nasims News for Npower Batch C2 Today, Npower news, Outstanding Stipends Payment, Npower December Payment, Npower January Payment 2023, Npower February Payment, Npower March Payment.
In today’s Latest Npower News, the Npower beneficiaries have called on the Minister of Humanitarian Affairs and Poverty Alleviation Dr. Betta Edu, and also the new CEO of NSIPA in charge of the NSIP Programmes Mrs. Delu Bulus Yakubu to remember their unpaid N-Power stipends of 8 months.
The call did not end at that, their kids are also calling for the payment of their father’s unpaid stipends as it also affects them. A picture of a little girl carrying a playing card with the inscription “Dr. Betta Edu please pay our father” is trending online.
Meanwhile, President Bola Tinubu has appointed Delu Bulus Yakubu as the pioneer national coordinator and chief executive officer (CEO) of the National Social Investment Programmes Agency (NSIPA) and she will be seeing the Affairs of the NSIP Programmes.
Furthermore, the Npower self-service portal is now functioning properly. Beneficiaries who are finding it difficult to validate their account can do so as the validation link is now functioning.
5 Things That Might Happen When Npower Program Is Rejigged
1. Since the current set of the Npower beneficiaries’ terms will come to an end by October 2023, the new Npower Management might exit batch B and clear their outstanding stipend payment.
2. The New Npower management might begin with recruiting a new batch of 2023 Npower volunteers.
3. The stipend payment for the Npower beneficiaries might be reviewed upward or downward to engage more Beneficiaries.
4. The agency under the Ministry of Humanitarian Affairs and Poverty Alleviation that will be overseeing the Affairs of the Npower programme and other NSIP Programme is the National Social Investment Programme Agency NSIPA managed by Mrs. Bulus
5. Since the new Administration is focusing on creating jobs through the digital economy, the Npower management might try to engage more Npower beneficiaries in that path.
At this stage, the Npower beneficiaries are advised to be patient as the Ministry is rejiggering the programmes under NSIP which Npower belongs. Payment might also be reviewed upward or downward to include more people in the programs.
As regards Nexit Opportunity, there are rumors that new information will soon be given and even those who did not do the training will be asked to submit their business plan and favors will be asked from other companies that have given the training to give the untrained a certificate and give them a business plan to submit.
1. Unpaid Stipends – A Concern Raised
Npower beneficiaries have been vocal about their frustrations regarding unpaid stipends. These stipends are a crucial source of income for many, and delays can cause financial strain. However, Minister Betta Edu, the new face overseeing the program, is keen on addressing these concerns.
2. Minister Betta Edu’s Commitment
Minister Betta Edu has reassured Npower beneficiaries of her unwavering commitment to improving their experiences. Her primary goal is to bring smiles to the faces of these beneficiaries and create more opportunities for both existing participants and new applicants.
3. Backlog Payment and New Recruitment
One significant announcement from Minister Betta Edu is that once the backlog payments are settled, new recruitment will kick off. This news offers hope to unemployed Nigerians eager to join the Npower initiative. The new Minister of FMHAPA has confirmed that Npower’s outstanding payment will be paid! They are rejiggering the program as beneficiaries advocated for the Benefit of all beneficiaries and prospective applicants. Read details here HM Betta Edu Disclosed Plans For Npower, Other NSIP Programme
4. Key Highlights from Dr. Betta Edu’s Radio Nigeria Engagement
Here are some key highlights from Dr. Betta Edu’s recent engagement with Radio Nigeria:
4.1. Addressing Poverty Through Job Creation
Under President Bola Tinubu’s administration, the Humanitarian Affairs and Poverty Alleviation Ministry aims to tackle poverty head-on by creating jobs and ensuring cash transfers reach impoverished Nigerians. Additionally, efforts will be made to engage the nutrition department and support micro, small, and medium enterprises.
4.2. Managing Humanitarian Crisis
Minister Betta Edu is determined to reduce and manage humanitarian crises in Nigeria more effectively. Her goal is to respond promptly to crises and permanently uplift the poorest of the poor from these dire situations.
4.3. Empowerment Programs Enhancement
Minister Betta Edu has committed to revamping and enhancing existing empowerment programs within the National Investment Programme. The aim is to make these programs more effective and inclusive, covering a broader spectrum of Nigerians.
4.4. Transparency in Palliative Disbursement
To ensure the transparent distribution of palliatives, independent monitors will be involved to guarantee that relief materials reach their intended recipients satisfactorily. The ministry also plans to send staff to all 774 local government areas to gather feedback and track the distribution technologically.
4.5. N-Power Stipend Delays Addressed
Addressing the persistent challenges of stipend delays in N-Power, Minister Betta Edu is committed to changing the payment modalities. This change aims to expedite stipend disbursements, include more beneficiaries, and relaunch the program with a renewed sense of hope.
4.6. Humanitarian Hubs Across Nigeria
The long-term vision of the Humanitarian Affairs and Poverty Alleviation Ministry includes establishing humanitarian hubs across Nigeria. These hubs will host locally-produced commodities that will be sold at affordable rates to benefit Nigerian citizens.
In conclusion, Minister Betta Edu’s commitment to addressing the concerns of Npower beneficiaries and her vision for the program’s future holds promise for both current and prospective participants. The Nigerian government’s dedication to eradicating poverty and improving livelihoods remains steadfast.
Frequently Asked Questions (FAQs)
1. What is Npower, and who are the beneficiaries?
Npower is a social intervention program in Nigeria aimed at providing job opportunities and skills acquisition for unemployed youths. Beneficiaries are young Nigerians who have been enrolled in various categories of the program.
2. What are the causes of stipend delays in N-Power?
Stipend delays in N-Power can be attributed to administrative and logistical challenges. Minister Betta Edu is working on addressing these issues to ensure timely payments.
3. How can I apply for Npower if I’m interested?
When the recruitment process begins, you can apply for Npower through the official website or portal provided by the Nigerian government. Keep an eye on official announcements for updates.
4. What are the long-term goals of the Humanitarian Affairs and Poverty Alleviation Ministry?
The ministry’s long-term goals include establishing humanitarian hubs across Nigeria to support impoverished communities and providing affordable, locally-produced commodities to the public.
5. How can beneficiaries track the distribution of palliatives in their local government areas?
The ministry plans to use technology to track palliative distribution, ensuring transparency. Specific details on how beneficiaries can access this information will be provided in due course.
A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.
The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.
Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.
According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.
He said he subsequently took the money to the office of the then Director-General.
“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.
The witness explained that he collected the bag from his aide before entering the office.
“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”
The witness was initially a defendant in the case but later opted to testify for the prosecution.
While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.
According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.
He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.
“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.
During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.
When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”
After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.
The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.
Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.
They pleaded not guilty to the offences.
The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.
According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.
Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.
The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.
One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.
The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).
This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.
This order is specifically targeted at large-ticket obligors.
The CBN issued the directive in a circular to banks on Monday.
The latest instruction comes almost a week after the CBN asked financial institutions to stress test.
It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.
“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.
“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.
“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
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