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  • Nigeria in final stage of MIPDOC contest

    Nigerian media company, Salt and Truth, has secured their way into the final round of this year’s Mipdoc competition, making them the biggest content market in the world.

    MIPDOC is a global pitch competition where producers, writers and developers from around the world speak to a carefully chosen panel on their projects and ideas in the hope of commission.

    Among thousands of entries round the globe, five finalists were shortlisted including the Nigeria’s young and vibrants mind of the Salt and Truth, the only Africans and the youngest on the list.

    Founded by John Adewusi and Jola Ayeye, Salt and Truth is a story-driven production company whose chosen mandate is to create rich, authentic, Nigerian stories and African stories for global audience.

    “The team is confident that our works would earn us a good point and further place us on a larger platforms across continents. We foster the success of the productions and Misson for Nigerian stories.

    “The project we are working is titled, ‘House girls.’ It about the underage domestic helpers in Nigeria,” the team said.

    Other finalists are from Germany, France, Norway and Italy.

    The annual event, held in Cannes, South of France, is where all the major networks buy, sell and distribute shows with representatives from all over the world.

  • How we saved 6,000 bankers from sack, by NDIC

    Not less than 6,000 workers of the defunct Skye Bank now Polaris were saved from being sacked, The Nigeria Deposit Insurance Corporation (NDIC) said on Thursday.

    Managing Director of the corporation, Alhaji Umaru Ibrahim, disclosed this while speaking at the NDIC Special Day, at the ongoing 40th Kaduna International Trade Fair.

    Ibrahim, who was represented by the Head of Communications and Public Affairs of the corporation, Alhaji Muhammad Kudu, said it was on record that the intervention also ensured stability in the banking industry.

    He said apart from ensuring that normal operations continued in all the 277 branches of the bank, the intervention also ensured that depositors of the closed bank had unhindered access to their deposits in excess of N949.6 billion as at June 2018.

    According to him, the corporation has also taken measures to ensure that all those who contributed to the failure of the bank are prosecuted to serve as deterrent to others.

    The managing director, said in February this year, a Federal High Court in Lagos had sentenced the managing director of the failed Integrated Microfinance Bank Plc,  Simon Ademola Akinteye, to 32 years imprisonment over frauds that led to the failure of the bank.

    “The corporation had  also been relentless in its debt recovery efforts particularly the debts owed to banks in liquidation so as to enhance payment of liquidation dividends to depositors whose balances were in excess of the insured limits.

    READ ALSO: We’ve recovered N29bn from debtors of liquidated banks – NDIC

    “Also in 2018, a total of N526, 397, 116.26 was recovered in respect of deposit money of banks in liquidation, N51,159,867.97 and N710, 057.83 from primary mortgage banks and micro finance banks respectively.

    “The cumulative recovery from debtors of deposit money banks, micro finance banks and primary mortgage banks as at December 31,2018 stood at N29.01 billion, N125.84 million and N290.43 million respectively.

    “These efforts were boosted by series of judgments obtained against banks in liquidation and realisation of physical assets of closed banks, apart from the conviction of the MD of the defunct integrated MFB, the Corporation also secured a landmark judgment against the First Bank of Nigeria Plc, to the tune of N556,493,034.16 in favor of depositors of Lead Merchant Bank Limited (in liquidation).

    “As the corporation marked its 30th anniversary this year, it had been three decades of resilient hard work and continuous innovations in order to achieve our goal of becoming the best Deposit Insurer in the world by the year 2020.

    “We may not be there, but the NDIC already has become a reference point in the implementation of the DIS in Africa and beyond,” Ibrahim said.

    The NDIC boss restated commitment of the corporation towards achieving a safe, sound and stable financial system geared towards sustainable economic growth.

  • Kaduna: PRP guber candidate disowns party, concedes defeat to El-Rufai

    The gubernatorial candidate of the People’s Redemption Party, (PRP) in the just concluded election in Kaduna State, Ahmed Tijani Umar has disowned his party and conceded defeat to Governor Nasir El-Rufai.

    The PRP gubernatorial Candidate said, going to court to challenge the outcome of the poll is a waste of time.

    However, The Nation recalled that, PRP and its Kaduna Central Senatorial Candidate, Senator Shehu Sani had at different occasions rejected the outcome of both the National Assembly and governorship elections in Kaduna state.

    But, the PRP governorship candidate on Monday took a different turn, congratulating Governor El-Rufai of the ruling All Progressives Congress (APC) over his emergence as winner in the election.

    Umar also urged other contestants to close ranks and accept the outcome of the poll in good faith.

    Umar who spoke with newsmen in Kaduna said, he has no reason for going to court challenge the outcome of the poll since contesting for gubernatorial position is not a do or die affair.

    According to him, “I enjoin others contestants from opposition parties to put hands together to support governor el-Rufai to realize the change we want in education, infrastructure, economy and among others, Umar urged.

    Read Also: El-Rufai reacts to accident rumour, says claims are false

    Reminding him that his decision contravenes that of his party which earlier vowed to challenge the outcome of the elections, Umar maintained that: “Everybody has his/her right to his own opinion. If God decides to say el-Rufai should continue, who am I to say no?

    “My stand is different from that of my party because I am the one contesting and am the one who employed, paid people that assisted in monitoring the governorship election across the 23 councils in the state. All my campaigns were financed alone by me, and not with the party.

    “The reason why it took me some time before breaking silence, was because, I sent about 25 thousand people out across the state to gather reports on the electoral process and I was only able to finish crosschecking their findings Monday.”