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Kateeb Among Top 50 Most Influential Leaders in Islamic Economy

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Mohammed Kateeb, Group Chairman & CEO of Path Solutions, has been named one of the ‘World’s 50 Most Influential Leaders in Islamic Economy in 2018’ in ISLAMICA 500 Guide.

This is Kateeb’s fourth year being nominated for this honor in the most recent list featuring a competitive group of 500 powerful people from 45 different countries, reflecting those making the difference in the Islamic economy space.

Kateeb received his higher education in the United States. He has been the Chairman of Path Solutions since 2008. Under his leadership, the company has experienced exponential growth, and is regularly ranked the ‘World’s Number One Islamic Financial Software Provider’ by leading analyst firms.

Kateeb serves as member of the Board of Trustees of IRTI, an affiliate of the Islamic Development Bank Group (IsDB) that focuses on developing a technology-enabled Islamic financial services sector leveraging state-of-the-art technology to mainstream Islamic economics and finance knowledge.

Only last month, the UK-based leading consulting firm Edbiz Consulting named Kateeb as the 2018 recipient of the ‘Advocacy Award’, for his outstanding accomplishments in Islamic financial advocacy.

Furthermore, Kateeb was selected among the ‘Leaders of Islamic Economy in East Africa in 2018’ by GBS Africa, among other international recognitions. This prestigious nomination track record is unparalleled in this fast-growing industry.

“I’m honored and humbled to be four-time listed alongside such esteemed industry figures”, said Kateeb. “My mission and passion has always been to be an advocate for Islamic finance to help promote financial inclusion and support economic development. The biggest reward is seeing the industry moving forward with tech advancements; it makes it all worthwhile!”

ISLAMICA 500 Guide is a yearly publication of ISFIN, the world’s leading advisory firm for emerging markets. As an independent consultancy firm, ISFIN operates in 75 countries across five continents. The guide provides hard-to-find biographical details for 500 of the world’s most prominent and influential personalities in the Islamic world and economy.

From this list, the top 50 individuals (‘ISLAMICA TOP 50’) who had major impact on the industry were identified based on a set of criteria including innovation, substance, pioneering initiatives, global impact and footprint, ethics and sustainability.

“Again, Kateeb is on the ISLAMICA 500 list of the 50 most influential figures in 2018, for he contributes immensely to the improvement of the Islamic economy. His outstanding reference work records his achievements on a global scale.

“He earned the respect of his peers and become a role model and an inspiration in his field. Congratulations on this well-deserved recognition”, commented Prof. Laurent Marliere, President & CEO of ISFIN and publisher of ISLAMICA 500 Guide.

Kateeb was presented with a certificate during the ISLAMICA 500 Awards Reception on Wednesday 28 November at the Capital Club Bahrain. Earlier that day, Kateeb sat on a panel discussion entitled “How to go global in Islamic finance 2.0. The impact of fintech on the Islamic economy”.

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There is Massive, Pervasive Corruption in Buhari’s Govt- US Report

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The United States Department of State has said there is a climate of impunity in the President Muhammadu Buhari government that allows officials to engage in corrupt practices with a sense of exemption from punishment.

 

The State Department’s Bureau of Democracy, Human Rights and Labour, in its Country Reports on Human Rights Practices for 2018, said Nigeria had made little progress in efforts to limit corruption in its public service.

 

The US Congress mandates the executive to produce a report on the state of human rights worldwide every year.

 

For Nigeria, the findings in the 2018 Human Rights Report, released Thursday, were largely similar to those of the previous year’s report, indicating lack of real progress in the government’s anti-corruption war.

 

The report said, “Although the law provides criminal penalties for conviction of official corruption, the government did not implement the law effectively, and officials frequently engaged in corrupt practices with impunity.

 

“Massive, widespread, and pervasive corruption affected all levels of government and the security services. There were numerous reports of government corruption during the year.”

 

The report stated that the country’s two key anti-corruption agencies, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC), had broad powers to prosecute corruption, but rarely applied such powers to conscientiously and logically prosecute corruption cases.

 

It stated, “The EFCC writ extends only to financial and economic crimes. The ICPC secured 14 convictions during the year. In 2016 the EFCC had 66 corruption cases pending in court, had secured 13 convictions during the year, and had 598 open investigations.

 

“Although ICPC and EFCC anti-corruption efforts remained largely focused on low and mid-level government officials, following the 2015 presidential election, both organisations started investigations into and brought indictments against various active and former high-level government officials. Many of these cases were pending in court. According to both ICPC and EFCC, the delays were the result of a lack of judges and the widespread practice of filing for and granting multiple adjournments.

 

“EFCC arrests and indictments of politicians continued throughout the year, implicating a significant number of opposition political figures and leading to allegations of partisan motivations on the part of the EFCC. In October the EFCC arrested and indicted former governor of Ekiti State Ayo Fayose on 11 counts, including conspiracy and money laundering amounting to 2.2 billion naira ($6 million). After a Federal High Court ruling, Fayose was out on 50 million naira ($137,500) bail.”

 

On financial disclosure, the report noted the constitutional requirement under the Code of Conduct Bureau and Tribunal Act (CCBTA) for public officials, including the president, vice president, governors, deputy governors, cabinet ministers, and legislators (at both federal and state levels), to declare their assets to the Code of Conduct Bureau (CCB) before assuming and after leaving office. The constitution calls for the CCB to “make declarations available for inspection by any citizen of the country on such terms and conditions as the National Assembly may prescribe,” said the report. “The law does not address the publication of asset information. Violators risk prosecution, but cases rarely reached conclusion.”

 

Perhaps, more chilling was the finding that arbitrary deprivation of life and unlawful killings were prevalent in Nigeria in 2018. The report cited several examples.

 

It said, “There were several reports the government or its agents committed arbitrary and unlawful killings. The national police, army, and other security services used lethal and excessive force to disperse protesters and apprehend criminals and suspects and committed other extrajudicial killings.

 

“Authorities generally did not hold police, military, or other security force personnel accountable for the use of excessive or deadly force or for the deaths of persons in custody.

 

“State and federal panels of inquiry investigating suspicious deaths generally did not make their findings public.

 

“In August 2017 the acting president convened a civilian-led presidential investigative panel to review compliance of the armed forces with human rights obligations and rules of engagement, and the panel submitted its findings in February. As of November no portions of the report had been made public.

 

“As of September there were no reports of the federal government further investigating or holding individuals accountable for the 2015 killing and subsequent mass burial of members of the Shia group, Islamic Movement of Nigeria (IMN), and other civilians by Nigerian Army (NA) forces in Zaria, Kaduna State. “

 

The report noted the 2016 nonbinding report of the Kaduna State government’s judicial commission, which found that the Nigerian Army (NA) used “excessive and disproportionate” force during the 2015 altercations in which 348 members of the Islamic Movement in Nigeria (IMN) and one soldier died.

 

It said, “The commission recommended the federal government conduct an independent investigation and prosecute anyone found to have acted unlawfully. It also called for the proscription of the IMN and the monitoring of its members and their activities.

 

“In 2016 the government of Kaduna State published a white paper that included acceptance of the commission’s recommendation to investigate and prosecute allegations of excessive and disproportionate use of force by the NA.

 

“As of September, however, there was no indication that authorities had held any members of the NA accountable for the events in Zaria. It also accepted the recommendation to hold IMN leader Sheikh Ibrahim Zakzaky responsible for all illegal acts committed by IMN members during the altercations and in the preceding 30 years. In 2016 a federal court declared the continued detention without charge of Zakzaky and his wife illegal and unconstitutional.

 

“The court ordered their release by January 2017. The federal government did not comply with this order, and Zakzaky, his spouse, and other IMN members remained in detention. In April the Kaduna State government charged Zakzaky in state court with multiple felonies stemming from the death of the soldier at Zaria. The charges include culpable homicide, which can carry the death penalty. As of December the case was pending. In July a Kaduna High Court dismissed charges of aiding and abetting culpable homicide against more than 80 IMN members. As of September the Kaduna State government had appealed the ruling. Approximately 100 additional IMN members remained in detention.

 

“In October security forces killed 45 IMN members that were participating in processions and protests, according to Amnesty International (AI).”

 

The report recalled the January 2017 bombing of an informal internally displaced persons (IDPs) settlement in Rann, Borno State, by the Nigerian Air Force, which resulted in the killing and injuring of more than 100 civilians and aid workers.

 

It said, “The government and military leaders publicly assumed responsibility for the strike and launched an investigation. The air force conducted its own internal investigation, but as of December the government had not made public its findings. No air force or army personnel were known to have been held accountable for their roles in the event. There were reports of arbitrary and unlawful killings related to internal conflicts in the North-east and other areas.”

 

The report identified the following human rights issues in Nigeria: unlawful and arbitrary killings by both government and non-state actors; forced disappearances by both government and non-state actors; torture by both government and non-state actors; and prolonged arbitrary detention in life-threatening conditions, particularly, in government detention facilities. Others are harsh and life threatening prison conditions, including civilian detentions in military facilities, often based on flimsy or no evidence; infringement on citizens’ privacy rights; criminal libel; substantial interference with the rights of peaceful assembly and freedom of association, in particular for lesbian, gay, bisexual, transgender, and intersex (LGBTI) persons; and refoulement of refugees.

 

The report also identified as human rights abuse corruption; progress to formally separate child soldiers previously associated with the Civilian Joint Task Force (CJTF); lack of accountability concerning violence against women, including female genital mutilation/cutting, in part due to government inaction/negligence; trafficking in persons, including sexual exploitation and abuse by security officials; crimes involving violence targeting LGBTI persons and the criminalisation of status and same-sex sexual conduct based on sexual orientation and gender identity; and forced and bonded labour.

 

The report, however, noted that the government took steps to investigate alleged abuses but took fewer steps to prosecute officials who committed violations, whether in the security forces or elsewhere in the government.

 

“Impunity remained widespread at all levels of government. The government did not adequately investigate or prosecute most of the major outstanding allegations of human rights violations by the security forces or the majority of cases of police or military extortion or other abuse of power,” the report added.

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Umunna, News Express Publisher Loses Mother

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late Madam Margaret Umunna Edeyi

The death has been announced of Madam Margaret Umunna Edeyi, a devout Christian and community leader from Umuokogbuo Eluama in Isuikwuato, Abia State.

 

Maggie, as she was fondly called, died on Wednesday morning, March 13, 2019, in Warri, Delta State, aged around 90 years.

 

She is survived by five children, among them Mr. Isaac Umunna, an award-winning international journalist and Publisher of News Express titles.

 

Maggie is also survived by several grandchildren and great grandchildren, as well as a host of relatives.

 

Paying tribute to the departed matriarch, Isaac Umunna said: “Mama was a virtuous woman known for her devotion to God, her family and humanity.

 

“Though she became widowed at a rather young age, she remained chaste for the rest of her life. She didn’t go to school but did everything within her power to ensure that her children did.

 

“Mama was a quintessential wife and mother. She will be greatly missed but we are comforted by her rich legacy of honesty, hard work, love for God and love for humanity.”

 

Umunna added that burial arrangements would be disclosed in due course

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Akinwuntan says Ecobank Omni-Lite is Designed to Empower Businesses

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Patrick Akinwuntan, managing director of Ecobank Nigeria, has reaffirmed that the bank’s recently upgraded online banking platform for businesses, Omni Lite, is versatile, secure and user friendly. He urged business owners to take advantage of the services available on the platform which has been specifically optimised for them.

Those in the commercial sector such as Small and Medium Enterprises (SMEs), faith based organisations, educational institutions, non-government organisation and government institutions, can manage their transactions effectively and access an array of tailor made solutions designed to empower their businesses.

According to Akinwuntan, Omni Lite is primarily designed with business owners in mind. It comes with features to enhance businesses such as efficient and seamless cash flow management, easy view of all accounts and expenses in one place, convenient salary payment with bulk payments upload, management of loan payments, exchange rates calculation and other interesting features.

Further, Akinwuntan noted that with Omni Lite, customers have access to real time transaction details, domestic and interbank funds transfers and online loan requests. The platform comes with best in its class security tools to ensure that users are protected.

He enjoined business owners to register for Ecobank Omni Lite to discover how the platform can help grow and manage their businesses.

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