The Economic and Financial Crimes Commission has invited the Commissioner for Insurance , Mr Ayo Omoshehin , to explain allegations surrounding the collection of various fees from insurance companies under the ongoing recapitalisation exercise, including an alleged one per cent charge on fresh capital raised by operators. The invitation followed a petition by NICON Insurance Plc and the Nigeria Reinsurance Corporation to President Bola Ahmed Tinubu , in which the companies alleged irregularities in the implementation of the recapitalisation programme by the National Insurance Commission . The petitioners alleged that insurance companies had been subjected to a series of payments, including a one per cent recapitalisation fee, verification charges and additional registration fees, which they claimed amounted to more than N30bn across the industry. They questioned the legal basis for the charges, arguing that NAICOM , being a Federal Government agency, could not impose such fin...
Nigeria's Federal Ministry of Agriculture and Food Security through its Agricultural Land and Climate Change Management Services (ALCCMS) has unveiled new measures to address soil health and climate change management, strengthen agricultural productivity and promote the sustainable management of agricultural land at sub-national levels across the country. This was disclosed on Tuesday in Calabar, Cross River State , during a two-day Zonal Validation Workshop on Nigeria Agricultural Land and Soil Management Policy (NALSMP) for 2027- 2035 which brought stakeholders across the South-South Geo-political Zone together. Welcoming participants from Edo, Delta, Bayelsa, Rivers and Akwa Ibom State, the Cross River State Commissioner For Agriculture, Johnson Ebokpo represented by the Chairman Cross River State Multi-stakeholder Committee for Cocoa, Coffee and Oilpalm Strategic Plan Development in the state, Prof Susan Cohen . The commissioner stated that, "Cross River State has...