Metro

Nigeria’s Presidency apologises for UNGA goof

Published

3 months ago

September 23, 2023

The Nigerian Presidency has apologised over a blunder it made when announcing that President Bola Tinubu was the first African leader to ring the bell at the close of trade at the National Association of Securities Dealers Automatic Quotation System (NASDAQ) in the United States.

Tinubu had, on Wednesday, rang the closing bell at the NASDAQ headquarters in New York City on the sidelines of the 78th edition of the United Nations General Assembly (UNGA), and used the opportunity to advance his foreign investment push in front of financial markets at the famous stock exchange.

“It’s a great honour for me to be here. I am happy to bring Nigeria to your doorsteps and I am honoured that we are here, today, with a bubbling Nigerian stock market that will evolve in the West African sub-region,” he said.

‘’The greatest economy in Africa is Nigeria. There is an immense opportunity in Nigeria, where you can invest your money without fear,” the president added.

Shortly after the ringing of the bell, the Presidency released a statement claiming that Tinubu had entered the history books as the first leader of an African country to get the honour of ringing the NASDAQ bell.

“In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria.

“The world’s second largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited President Tinubu to ring the closing bell. Making him the first African President to ever receive the honour,” the statement, issued by presidential spokesman, Ajuri Ngelale said.

However, following a backlash, and fact-finding by Nigerians and media outlets that revealed that Tinubu was not the first African leader to ring the bell, the presidency, in a statement on Friday, retracted its claim and tendered an apology.

In the apology issued by Ngelale, the presidency said it later found out that a former African leader had previously rung the bell at NASDAQ, thereby debunking the initial claim of Tinubu’s historic achievement.

“We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser.

“We have since found out that this information was/is incorrect as a former African leader has indeed had the privilege. This error is sincerely regretted,” the statement said.

Related Topics:#Presidency Apology Featured NASDAQ President Bola Tinubu UNGA

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Metro

Zambian govt rejects ‘light’ sentence of PF chieftain, Kambwili, appeals for two-year term

Published

8 hours ago

December 8, 2023

Akanimoh Etim

The Zambian Director of Public Prosecutions (DPP), Gilbert Phiri, has rejected what he described as the light prison sentence of five months given to a stalwart of the Patriotic Front (PF), Chishimba Kambwili.

Kambwili, a former Foreign Affairs Minister, was last week convicted by a Kasama Resident Magistrate, Samson Mumba, after he was found guilty of hate speech against the Tonga people of Southern Province, and committed to the Milima Prison in Kasama District.

While delivering the judgement, Mumba said Kambwili was guilty of the offence of expressing hatred and ridicule for persons because of tribe and place of origin.

The former Minister of Information and Publicity was said to have issued anti-Tonga tribal remarks during the 2021 elections when he featured on a live radio programme.

He was later suspended for a month by the Electoral Commission of Zambia ( ECZ) over the said remarks.

But Phiri has rejected the five months jail term and is insisting that the offence should have carried a maximum of two years sentence.

The DPP, which filed an appeal at the Lusaka High Court, raised two grounds in the notice, arguing that Mumba had “erred in law when he sentenced the convict to a term of five months imprisonment with hard labour for the offence of hate speech which carries maximum sentence of two years.”

Phiri also argued that the trial “erred in law when it misapplied the principals of sentencing in relation to the gravity and nature of the offence committed.”

Metro

Tinubu talks tough, vows punishment for anyone culpable in deadly bombing of civilians

Published

10 hours ago

December 8, 2023

Akanimoh Etim

President Bola Ahmed Tinubu of Nigeria has vowed that any individual found culpable in the bombing of Tudun Biri village in Kaduna State, North-West Nigeria, where over 120 civilians were killed last Sunday, will not go unpunished.

Tinubu, who made the vow on Thursday, also assured that all the injured victims would be well taken care of by the government under the Folako Initiative which would commence later this month, while the affected communities would be rebuilt under the new intiative.

Tinubu, who was represented by Vice President Kashim Shettima, embarked on a visit alongside a high-powered government delegation to wounded victims at Barau Dikko Teaching Hospital, Kaduna. He explained that the government would do everything possible to ensure that such an unfortunate incident dod not occur again.

“President Bola Ahmed Tinubu sent us to commensurate with the people of Kaduna over the tragic incident,” Shettima said.

“The calibre of people that are here with me is a testimony on how deeply touched the president was by the incident.

“The President was deeply touched by what happened. We will like to assure the people and government of Kaduna State that the government will take measures to protect and preserve the interest of our nation.

“The victims will be well taken care of under the Fulako Initiative which will commence by this month and this community will be the first to be rebuilt in north west zone.

“All measures will be taken to ensure that future occurrence is averted. Government will get to the root of the issue and anyone found culpable will be punished accordingly,” Shettima added.