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Fidelity
Okonjo-Iweala Set To Lead WTO
~1.5 mins read
Okonjo-Iweala set to lead WTO — Report
(FILES) In this file photo taken on July 15, 2020 Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala smiles during a press conference in Geneva, following her hearing before World Trade Organization 164 member states' representatives, as part of the application process to head the WTO as Director General. - European Union members states agreed on October 26, 2020 to back the candidacy of former Nigerian finance ministrer Ngozi Okonjo-Iweala to lead the WTO. The World Trade Organization will announce its new director general next month, but sources said the 66-year-old economist would get EU support on October 27. (Photo by Fabrice COFFRINI / AFP)
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Nigeria’s Ngozi Okonjo-Iweala is set to become the new director-general of the World Trade Organisation.
According to Reuters, a key group of WTO ambassadors proposed Okonjo-Iweala to lead the trade organisation on Wednesday, clearing a path for her to become the first woman and African to head the global watchdog in its 25-year history.
The official announcement is, however, expected to be made by the WTO later today.
Efforts to reach Okonjo Iweala’s spokesperson, Paul Nwabuikwu, for comments proved abortive as his line rang out. He was also yet to respond to text messages sent to his line as of the time of filing this report.
The PUNCH had earlier reported that the candidacy of the former World Bank director received a huge boost on Monday when the 27-member states of the European Union backed her for the job.
The 55-member African Union had also supported the former Nigerian finance minister over her sole remaining opponent, Yoo Myung-hee of South Korea.
Okonjo-Iweala had also won the goodwill of a group of Caribbean and Pacific States as well as others from Asia.
The final winner between the two women will replace Brazil’s Roberto Azevedo and former director-general of the WTO.
The initial pool of eight candidates for the WTO’s top post, which has been whittled down over two rounds of consultations, had included three Africans – Nigeria, Egypt and Kenya.
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Fidelity
CBN Obtains Order To Freeze #EndSARS Promoters Accounts Till January
~1.9 mins read
CBN obtains order to freeze #EndSARS promoters’ accounts till January
Eniola Akinkuotu, Abuja
The Central Bank of Nigeria has obtained a court order freezing the accounts of 20 #EndSARS promoters till January 2021.
The order was pursuant to a motion ex parte filed by the CBN before a Federal High Court.
The certified true copy of the order obtained by an online medium, Peoples Gazette, showed that the CBN applied for the restriction of the 20 accounts on October 20 which was several days after it had already ordered commercial banks to freeze the accounts.
The suit marked FHC/ABJ/CS/1384/2020 listed the 20 defendants as – Bolatito Oduala, Chima Ibebunjoh, Mary Kpengwa, Gatefield Nigeria Limited, Saadat Bibi, Bassey Israel, Wisdom Obi, Nicholas Osazele, Ebere Idibie, Akintomide Yusuf, Uhuo Promise, Mosopefoluwa Odeseye and Adegoke Emmanuel.
Others include Umoh Ekanem, Babatunde Segun, Mulu Teghenan, Mary Oshifowora, Winifred Jacob, Victor Solomon, and Idunu Williams.
The banks where the accounts are domiciled include Access Bank, Guaranty Trust Bank, Fidelity Bank, First Bank, United Bank for Africa, and Zenith Bank.
The lawyers representing the CBN were led by a former Attorney-General of the Federation, Michael Aondoakaa (SAN).
Justice A.R Mohammed ordered that the accounts should be frozen for the next 90 days subject to renewal.
It is hereby ordered as follows, “A mandatory order is made empowering the plaintiff/applicant to direct the head office of Access Bank of Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith Bank Plc to freeze forthwith all transactions on the 20 bank accounts listed for a period of 90 days pending the outcome of investigation and inquiry currently being conducted by the Central Bank of Nigeria.
“It is, however, directed that the 90-day freezing order, when it lapses, may be renewed upon good cause shown by the applicant.
“It is also directed that any person, whether artificial or natural, that is affected by this order may apply to the court to have his grievance or complaint heard by the court. The suit is adjourned till February 4, 2021.â€
It was, however, observed that the judge did not order that the defendants be served with any court process thereby leaving them unaware of the restriction of their accounts.
The Nigeria Immigration Service had on Sunday prevented one of such persons, Modupe Odele aka Mochievous, from leaving the country and seized her passport.
The Rivers State medical coordinator of the #EndSARS protest, Bassey Israel, had also told this newspaper that his account was frozen and had threatened to sue the bank.
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