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Path Solutions Receives Record-breaking Number of Awards @ IFN Service Providers Poll

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Several honors and awards were recently bestowed on Path Solutions including the latest Best Islamic Technology Provider 2021 award from Islamic Finance news (IFN).

For the first time in history, an Islamic banking software provider receives the most awards ever for its contribution to the growth of the Islamic financial services industry.

The highly acclaimed company, Path Solutions received the largest number of votes ever this year, culminating in being awarded the Best Islamic Technology Provider 2021, which further cements this achievement.

According to Andrew Morgan, Managing Director & Publisher, REDmoney Group, Path Solutions was crowned the winner for the 15th year in a remarkable scoring streak. The firm is an unquestioned leader in the technology space, and as the industry slowly recovers post-pandemic, Path Solutions toughed it out to hang on to its title even in the midst of adversity. “Our heartiest congratulations go to the company and its amazing team”, he said.

Commenting on the award, Mohammed Kateeb, Path Solutions’ Group Chairman & CEO stated, “We are extremely proud to have once again won the industry vote in the annual IFN’s Poll as Best Islamic Technology Provider of 2021.

“This recognition only compels us to maintain our momentum and continue to shape the future of financial services ecosystem and empower the transformation of the industry by providing cutting-edge, forward-thinking and innovative software”.

IFN Service Providers Poll 2021 will be honoring nine exceptional service providers for their invaluable contributions to the global Islamic finance industry at the prestigious Dubai Awards Ceremony on the 31st of October.

It serves to note that IFN is a subsidiary of REDmoney Group, which was established in 2004 to provide media coverage in global markets including emerging Islamic economies, with unmatched insight into global Sharia-compliant markets. It is the longest running and the only fully independent Awards disseminator.

The IFN Service Providers Poll is unique in its recognition of the vital role that service providers play in smoothing the path for Islamic finance and setting the benchmark for its ongoing quality, consistency and creativity by supporting the underlying operations that are so crucial to its success.


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EFCC Arrests Delta Accountant General Over ₦1.3 Trillion Fraud

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Economic and Financial Crimes Commission (EFCC) has arrested Mrs Joy Enwa, the Accountant General of Delta State, in connection with the alleged misappropriation of N1.3 trillion linked to former Governor Ifeanyi Okowa.

The EFCC is investigating funds reportedly diverted from the 13 percent derivation allocation intended for oil-producing states. Alongside Mrs Enwa, the anti-graft agency has questioned other officials, including a former Director of Finance and Administration and a senior Government House staff member.

EFCC spokesperson Dele Oyewale confirmed the arrest, stating, “Mrs Enwa was detained for questioning over the ongoing investigation into the mismanagement of state funds under the former administration. Some other government officials have also been interrogated.”

Mrs Enwa, who was appointed Accountant General by Okowa in 2020, previously served as Deputy Accountant General under Governor Emmanuel Uduaghan.

She had earlier faced allegations of involvement in a N369 million fraud case in 2015, which implicated other state officials and bank representatives.

The ongoing investigation has also uncovered assets allegedly tied to the fraud, including shares in UTM Floating Liquefied Natural Gas Company and investments in the oil sector.

Former Governor Okowa was detained by the EFCC in November at the agency’s Port Harcourt office over accusations of diverting state funds for personal enrichment.

When approached for comments, Mrs Enwa declined to elaborate, saying, “I am not the right source to confirm this story. Please contact the EFCC for clarification.” The EFCC continues its probe into what could be one of the largest financial scandals in Delta State’s history.

 


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NCDC Activates Emergency Response as Lassa Fever Kills 190

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Nigeria has launched an emergency response centre after recording 190 deaths from Lassa fever, a viral hemorrhagic illness, according to Nigerian Center for Disease Control (NCDC).

NCDC Activates Emergency Response as Lassa Fever Kills 190

The disease, mainly transmitted to humans via contact with food or household items contaminated with rodent urine or excrement, has infected 1,154 people in six Nigerian states.

Jide Idris, head, Nigerian Center for Disease Control, said the agency’s risk assessment has categorized it as high, prompting the activation of the emergency Operations Centre to manage the outbreak.

“While the disease occurs throughout the year, peak transmission typically happens between October and May, coinciding with the dry season when human exposure to rodents increases,” he said at a press briefing in Abuja.

The centre will ensure seamless coordination of the control and management of the outbreak.

Symptoms of the virus – which can also be passed between people through bodily fluids of those infected – include fever, headaches and, in the most severe cases, death.

The World Health Organization classifies Lassa fever as a priority disease due to its epidemic potential and lack of approved vaccines.

 

 


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2025 Budget: FG Earmarks N1.5Bn for Airports’ Internet, Others

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Federal government has proposed to spend N1.5bn for internet services for passengers at five international airports in the country.

2025 Budget: FG Earmarks N1.5Bn for Airports’ Internet, Others

The project, “Provision/Upgrade of WiFi Services for Passengers in Five International Airports and some Domestic Airports” was listed as a new project in the 2025 appropriation.

In some parts of the world, access to the internet via Wi-Fi at airports is regarded to be a basic human right.

Such amenities are lacking in Nigeria.

But the 2025 budget presented to the National Assembly last week by President Bola Tinubu saw the sum of N105.953,496,365 being allocated to the Ministry of Aviation.

Apart from internet access at the airports, some other capital allocations were reinstated for the Nigerian Airspace Management Agency (NAMA).

In previous budgets, three agencies of the ministry including the apex regulatory agency, the Nigeria Civil Aviation Authority (NCAA); the Federal Airports Authority of Nigeria (FAAN) and NAMA were exempted from the annual budgetary allocation.

In addition, the federal government deducts 50 per cent of the Internally Generated Revenue (IGR), which is against the standard and recommended practices of the International Civil Aviation Organisation (ICAO), which recommends that the funds generated by the agencies should be reinvested into improving infrastructure and boosting aviation safety.

 


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