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Instablog9ja
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former Minister of Communications and Digital Economy, Prof. Isa Ali-Pantami, has called for the review of immunity clauses for political office holders in the country.
DAILY NIGERIAN reports that at present, Nigerian President and his Vice, Governors and their Deputies enjoy immunity under Section 308 of the 1999 Constitution.
But speaking during an annual state lecture organised by The Muslims Congress,TMC, on Sunday, Mr Pantami said Islam doesn’t support immunity for leaders.
He noted that abolishing the Act will foster transparency and accountability in governance. Mr Pantami added that immunity has proven to be problematic for many leaders after leaving office.
“In Islam, there is no immunity. And the immunity may give you a certain privilege while in office.When you are no more there, there is no any advantage. Sometimes, it’s good for you, but sometimes it allows you to accumulate so many problems. And when you leave office, you will discover after four or eight years someone is being confronted with 10 to 50-count charges, in some situations even 120. So it’s not in any way preventing you from justice, but it’s only delaying and allowing you to commit more and more.
Making reference to prominent Islamic leaders, Mr Pantami said: “Under Islamic rule of law, there is no immunity. Each and every citizen, the leader and the led can be questioned, can be dragged to court, and they must go there and defend themselves. “It happened with Ali ibn Abi Talib, even as the Khalifa of Muslimun, he was dragged to court. Umar ibn Khatab was also dragged to court. So, rule of law is key. And when it comes to rule of law, there must be equality before that law.”
Instablog9ja
2 hrs
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Governor Fubara has said he is concerned that President Tinubu mentioned only his name in his statement.
He added that he is not the problem and the challenges in Rivers state is not rocket science, everyone knows where the challenge is coming from.
Furthermore, he said he is support of the return of policemen to the local government and they should also provide security to the elected local government chairmen because it was their withdrawal that gave opportunity to the th¥gs the opportunity to @ttack the local government.
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Instablog9ja
3 hrs
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Music producer Samklef has said you should be cautious of certain friends, as he shades Seun Kuti.
He said friends like Seun Kuti are c@words who associate with you when it is beneficial and later deny you just like Peter denied Jesus. This is why he told VDM not to send him anything he is posting again.
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Investopedia
6 hrs
14
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Humana (HUM) shares slid after Jefferies downgraded the insurer's stock, pointing to the negative impacts of the company's latest ratings for its Medicare offerings.
Humana stock plunged last week after the Centers for Medicare & Medicaid Services (CMS) said the quality rating of one of its plans, which accounts for nearly half of its Medicare Advantage (MA) memberships, fell to 3.5 stars down from 4.5 stars last year. Higher star ratings generate bonus payments for the insurers that offer plans that earn them.
Today the shares, down nearly 2%, are trading at lows not seen since the early days of the 2020 COVID-19 outbreak. Jefferies, meanwhile, cut its rating on Humana to “hold” from “buy,” and slashed its price target from $419 to $253, well off Wall Street's consensus around $327 according to Visible Alpha data.
The analysts said that although Humana is suing the CMS, calling its star ratings process flawed—and noting that United Health Group (UNH) and Elevance Health (ELV) both filed successful appeals last year—they are continuing to move forward as if Humana would not win its appeal against CMS.
Shares of Humana have sunk since the CMS rating came out last week, adding to a slump that began in January when the company first warned that higher medical costs and government regulations would hurt profits.
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Investopedia
10 hrs
9
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Shares of Generac Holdings (GNRC), a producer of home generators and other emergency power products, surged again Monday as another hurricane approaches the Southeast U.S.
Hurricane Milton rapidly progressed to a Category 5 storm Monday and is expected to make landfall in Florida by Wednesday, according to the National Hurricane Center.
Generac stock was up more than 8% at around $173.50 in mid-afternoon trading, at its highest levels since October 2022. The stock has gained nearly 35% so far in 2024.
The generator maker experienced a similar stock-price bump due to Hurricane Helene a few weeks ago, jumping about 10% the week that storm made landfall.
Generac also raised its full-year 2024 net sales outlook in July “[a]s a result of recent power outage activity, which includes the impact of major outage event Hurricane Beryl.”
This year's strong hurricane season is affecting where younger U.S. adults want to live, according to a new survey from the real estate brokerage Redfin. Roughly a third of respondents ages 18-34 said they are reconsidering where they would move after hearing about the impact of Hurricane Helene. That compares with 15% of those surveyed who are age 35 and older, Redfin said Monday.
One possible reason is insurance costs. Nearly a quarter of respondents expect their home insurance premiums to rise after Hurricane Helene, with 32% of those in the South.
However, 45% of overall respondents, and 40% of those living in the South, said Hurricane Helene didn't change their perspective on where to live.
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Investopedia
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Super Micro Computer (SMCI) shares soared Monday as the server maker reported strong shipments of its graphics processing units (GPUs), driven by artificial intelligence (AI) demand.
The company said it recently deployed 100,000 GPUs with its liquid cooling technology to “some of the largest AI factories ever built.”
Super Micro Computer also announced a new lineup of direct liquid cooling products for servers that it said could help AI firms cut their energy costs.
CEO Charles Liang said the company’s liquid cooling solutions “are now cooling massive, state-of-the-art AI factories, reducing costs and improving performance.” Liang added that data center operators are coming to Super Micro Computer “to meet their technical and financial goals for both the construction of greenfield sites and the modernization of existing data centers.”
Super Micro Computer shares were up over 13% at $46.77 in intraday trading Monday,and have gained about two-thirds of their value since the start of the year. Shares of AI chipmaker Nvidia (NVDA), a partner of Super Micro Computer, also got a boost Monday and have more than doubled in value in 2024 so far.
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