17-Year-Old Girl Who Got A1 In All Subjects In WAEC Dies

Chisom, a 17-year-old girl who got A’s in the 2019 West African Senior School Certificate Examination (WASSCE), has lost her life. It was learnt that Chisom got 7 A1s, and emerged the best student from her school, Graceland college in Enugu last year. She won many awards in her school, and now death has caught short the life of this Young girl. According to a Facebook user, Michael Okoli who shared that sad news on the platform, Chisom died following a sickness which started off as a leg pain, but became severe over the year. The father of the girl who is a Professor, shared a very touching story of how his daughter died on Facebook. According to what he posted, the young girl started complaining of having a pain in the leg and just like every father that desires the best for their child, he decided to fly her to South Africa because he didn’t have trust in the medical system of this country. “At first, they were happy with her recovery rate, but they never knew it was going to end lik

CBN: Banks Are Sabotaging Intervention Funds, Others

The federal government has set aside almost N1 trillion in intervention funds as a way of growing the nation’s economy, for businesses across all sectors of the economy.

 However, the Central Bank of Nigeria (CBN), has accused commercial banks of sabotaging the objectives of the respective intervention funds by not allowing their customers access to the funds, Leadership reports..........
With respect to power, the CBN had, in June this year, disbursed the fourth batch of the Nigeria Electricity Market Stabilisation Fund (CBN-NEMSF), giving out N55.456 billion (out of the N213 billion set aside for it) to 24 industry participants: three electricity Distribution Companies (DISCOs), 14 electricity Generation Companies (GENCOs)- NIPP inclusive, one service provider, and six gas companies to further address the challenges in the power sector.
The deputy director of CBN, Monetary Policy, Dr Ngozi Egbuna, said only a handful of commercial banks in Nigeria had been instrumental in disbursing the intervention funds. Specifically, she said First Bank, Union Bank, Heritage Bank and a few others have been the ones disbursing the intervention funds dutifully. She noted that banks are not encouraging their customers to access the intervention funds for selfish gains as they would rather give out high-interest loans than the low-interest intervention funds.