profile/8302images3.jpeg.webp
Gistlegit
Nigerian Bishops Slam NAFDAC DG For Attacking Miracle Prayer Water, Says NAFDAC Have No Jurisdiction Over Spiritual Prayer Materials
~1.9 mins read


Seven Archbishops, Revered Fathers Lead Protests Against NAFDAC Over Prophet Fufeyin's Water Factory Sealing
 
Warri, Nigeria- In an unprecedented demonstration of unity, seven Archbishops and several Reverend Fathers have spearheaded a protest against the National Agency for Food and Drug Administration and Control (NAFDAC) in Asaba, Delta State. Following its decision to seal Prophet Jeremiah Fufeyin's miracle water factory. The religious leaders are urging NAFDAC to reverse its decision, which they have called unjust and discriminatory.
 
The group released a statement criticizing the ban on the sale of Prophet Fufeyin’s miracle water. According to the clerics, various religious institutions in Nigeria utilize materials like miracle water as part of their faith practices, and Prophet Fufeyin's ministry should not be singled out. They underscored that Christ Mercyland Deliverance Ministries, the church led by Prophet Fufeyin, has been selling the water for years without prior issues or complaints from NAFDAC.
 
The religious leaders further alleged that the agency’s actions were driven by personal biases and possibly bribery, rather than legitimate health or safety concerns. They pointed out that the water has provided economic benefits to the local community, with funds generated from its sale reportedly going to charity and supporting underprivileged residents.
 
Prophet Jeremiah Fufeyin, the founder of Christ Mercyland Deliverance Ministries, echoed these sentiments, accusing NAFDAC of harassment. He maintained that the miracle water produced at his factory adheres to all required health and safety standards, and that the agency had failed to provide concrete reasons for the sealing of the factory. Fufeyin labeled the closure as a form of intimidation and an assault on his ministry.
 
The protests have gained significant momentum, with many local residents joining the religious leaders in condemning NAFDAC’s actions. Supporters argue that the closure has not only impacted Prophet Fufeyin's church but has also imposed financial strain on the broader community. Many of them depend on the water, both spiritually and economically, as its sale was tied to charitable efforts aiding the less fortunate.
 
*Watch Video*
 
 
As tensions rise, all eyes are on NAFDAC, with speculation over whether the agency will reconsider its decision. The dispute could have larger implications, potentially affecting the relationship between Nigeria’s religious leaders, regulatory authorities, and local businesses.
 
The ongoing protests, coupled with the public outcry, suggest that this confrontation between Prophet Fufeyin's supporters and NAFDAC may intensify before a resolution is reached. The outcome could set a precedent for how government agencies regulate religious institutions and their commercial ventures in Nigeria.






profile/5377instablog.png.webp
Instablog9ja
VIDEO: Man Safely Rescued From Pedestrian Bridge In Ajah, Lagos
~0.3 mins read

There was commotion in the Ajah area of Lagos on Wednesday, September 11, as concerned citizens came together to prevent a young man from ending it all.

In the viral video, onlookers can be seen compassionately urging the man to reconsider his actions while working together to safely bring him down from the bridge’s railings.

Thankfully, the man listened, and he was safely removed from the bridge.

Continue reading on Instablog

profile/2681Capture.PNG.webp
Investopedia
TD Bank Fined $28 Million For Sharing Inaccurate Information About Its Customers
~1.4 mins read

TD Bank (TD) on Wednesday was ordered to pay millions of dollars in fines to the Consumer Financial Protection Bureau (CFPB) for sharing inaccurate, negative information about its customers with consumer reporting companies.

The Toronto-based bank was ordered to pay $7.76 million to tens of thousands of consumers affected by the company's behavior. TD Bank also will have to pay $20 million to the CFPB’s victim relief fund, which provides money to people harmed by companies that broke federal consumer financial protection laws.

The CFPB said the bank gave inaccurate information about its customers' credit card delinquencies and bankruptcies to consumer reporting companies, whose information is used to decide whether to extend credit, housing, or employment to people. The CFPB’s investigation found that for several years, TD Bank gave out account information that the bank knew or suspected was incorrect. 

The bank knew of these inaccuracies for more than a year before fixing them, the CFPB said.

“Rather than treating its customers fairly and following the law, TD Bank’s management clearly cared more about growth and expanding its empire through mergers,” Rohit Chopra, CFPB director, said in the press release.

This is TD Bank’s second violation with the CFPB. In 2020 the bank was ordered to pay $122 million in fines for illegal overdraft practices.

Last month, TD Bank also disclosed that it set aside billions of dollars in anticipation of fines arising from investigations into anti-money laundering practices.

TD Bank shares were up slightly at $61.30 around 12:45 p.m. ET Wednesday.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

profile/2681Capture.PNG.webp
Investopedia
Top Stock Movers Now: Trump Media, First Solar, GameStop, And More
~1.4 mins read

Major U.S. indexes were mixed at midday Wednesday amid speculation about how fresh inflation data could influence the Federal Reserve's stance on interest rates. The Dow and S&P 500 lost ground, while the Nasdaq rose.

Trump Media & Technology Group (DJT) shares fell following Tuesday night's debate between former President Donald Trump and Vice President Kamala Harris.

Harris' performance helped boost solar and other “green” energy stocks, including First Solar (FSLR) and Enphase Energy (ENPH), as some investors weighed the possibility of Harris continuing President Joe Biden's climate policies.

GameStop (GME) shares tumbled after the video gamer retailer announced a 20 million share offering and reported a big drop in sales. 

Bank of America (BAC) shares also declined after Warren Buffett’s Berkshire Hathaway (BRK.A,BRK.B) further trimmed its stake in the bank.

Rentokil Initial (RTO) shares listed in the U.S. plunged after the pest-control company warned that weak North America sales and negative currency impacts could cut full-year adjusted operating profit by 80 million pounds ($104.5 million). Shares of rival Rollins (ROL) dipped as well. 

Shares of Dave & Buster’s Entertainment (PLAY) gained after the company reported second-quarter profit that beat analysts' estimates as the chain made menu and pricing changes and added more locations.

Oil futures rose, while gold prices and the yield on the 10-year Treasury note were little changed. The U.S. dollar advanced on the euro and pound, but slid versus the yen. Most major cryptocurrencies traded lower.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

profile/5377instablog.png.webp
Instablog9ja
Wife Of Nigerian House Of Reps Member, Aminu Aliyu, Reportedly ‘empowers’ Bauchi Youths With Sugarcane Sticks
~0.5 mins read

A picture of Hajiya Fatima Aminu Aliyu Garu, wife of a member of the House of Representatives, Garu Aminu Aliyu distributing sugarcane sticks to some youths has gone viral.

Aliyu is the member representing Bauchi Federal Constituency of Bauchi State on the platform of the Peoples Democratic Party (PDP). In the picture, the lawmaker’s wife and some children are seen holding the sugarcane sticks.

However, the date and place the incident took place could not be ascertained. “Wife of Honorable Member Representing Bauchi state Federal Constituency Hajiya Fatima Aminu Aliyu Garu Doing an empowerment program to some youths last week,” an X user, Abdoulrahmarn posted.

Continue reading on Instablog

profile/2681Capture.PNG.webp
Investopedia
The Harris-Trump Debate Led With An Economy Question. Here's What They Said
~3.9 mins read

Last night's presidential debate between former President Donald Trump and Vice President Kamala Harris led with a question about the economy, with both candidates taking the opportunity to discuss their priorities and ideas. 

Harris, a Democrat, discussed ideas including the child tax credit and small-business tax deduction. Trump, her Republican opponent, discussed tariffs and immigration.

Here's how they answered the question, according to a transcript from ABC News, which broadcast the event. These excerpts include only minor edits for formatting and clarity. And here's how covered the debate. 

"So, I was raised as a middle-class kid. And I am actually the only person on this stage who has a plan that is about lifting up the middle class and working people of America. I believe in the ambition, the aspirations, the dreams of the American people. And that is why I imagine and have actually a plan to build what I call an opportunity economy. 

"Because here's the thing. We know that we have a shortage of homes and housing, and the cost of housing is too expensive for far too many people. We know that young families need support to raise their children. And I intend on extending a tax cut for those families of $6,000, which is the largest child tax credit that we have given in a long time, so that those young families can afford to buy a crib, buy a car seat, buy clothes for their children. 

"My passion, one of them, is small businesses. I was actually—my mother raised my sister and me but there was a woman who helped raise us. We call her our second mother. She was a small business owner. I love our small businesses. My plan is to give a $50,000 tax deduction to startup small businesses, knowing they are part of the backbone of America's economy.

"My opponent, on the other hand, his plan is to do what he has done before, which is to provide a tax cut for billionaires and big corporations, which will result in $5 trillion to America's deficit. My opponent has a plan that I call the Trump sales tax, which would be a 20% tax on everyday goods that you rely on to get through the month. Economists have said that Trump's sales tax would actually result, for middle-class families, in about $4,000 more a year because of his policies and his ideas about what should be the backs of middle-class people paying for tax cuts for billionaires."

"First of all, I have no sales tax. That's an incorrect statement. She knows that. We're doing tariffs on other countries. Other countries are going to finally, after 75 years, pay us back for all that we've done for the world. And the tariff will be substantial in some cases. 

"I took in billions and billions of dollars, as you know, from China. In fact, they never took the tariff off, because it was so much money they can't. It would totally destroy everything that they've set out to do. They've taken in billions of dollars from China and other places. They've left the tariffs on. When I had it, I had tariffs and yet I had no inflation.

"Look, we've had a terrible economy because inflation has—which is really known as a country buster. It breaks up countries. We have inflation like very few people have ever seen before. Probably the worst in our nation's history. We were at 21%. But that's being generous because many things are 50%, 60%, 70%, and 80% higher than they were just a few years ago. This has been a disaster for people, for the middle class, but for every class. 

"On top of that, we have millions of people pouring into our country from prisons and jails, from mental institutions and insane asylums. And they're coming in and they're taking jobs that are occupied right now by African Americans and Hispanics and also unions. Unions are going to be affected very soon. 

"And you see what's happening. You see what's happening with towns throughout the United States. You look at Springfield, Ohio. You look at Aurora in Colorado. They are taking over the towns. They're taking over buildings. They're going in violently. These are the people that she and [President Joe] Biden let into our country. And they're destroying our country. They're dangerous. They're at the highest level of criminality. And we have to get them out. We have to get them out fast. I created one of the greatest economies in the history of our country. I'll do it again and even better."

The full debate transcript, linked above, includes responses from Trump and Harris to their opponents' statements. 

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

Loading...