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Dogara Condemns Bad Banking Practices, Advocates Sanctions

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Yakubu Dogara, speaker of the House of Representatives, has called for action to be taken concerning prevalent banking practices which have adverse effects on business growth and entrepreneurship in Nigeria.

He made the call on Monday at the launch of a book on banking reforms by a member of the House of Representatives, Dr. Bode Ayorinde, representing Owo/Ose Federal Constituency. Dogara highlighted issues such as high lending rates and difficulties in accessing loans; and compared prevalent practices in the country with what is obtainable in other climes.

He said: “The challenge in the banking industry in Nigeria is such that it is organised in such a way that it creates buoyancy and development in other jurisdictions, not in Nigeria. I have had cause to say this before, that unless you have assets or equipment, there is no way you can take loans or access loans from Nigerian banks to do the business. If you are not careful in taking loans from Nigerian banks, one will just end up in the poverty gap.”

“I don’t think our citizens are supposed to do their businesses with money they already have in their pockets. Businesses elsewhere are executed by loans by the banking industry in those countries. I don’t know why the interest rate in Nigeria is so high. What is it that we can do to lower the cost of funds in Nigeria, so that our young men, women and entrepreneurs can risk taking money from our financial institutions in order to realise their dreams?”

Dogara queried the likelihood of success of business reforms in the country, in light of the fact that loans remain largely inaccessible to those who most require such financial aids to grow their businesses.

“I love the fact that the Vice President is chairing the council on the ease of doing business in Nigeria but in dealing with most businesses, you are forced to ask, what business are we doing? How do we fund these businesses?” Dogara said.

The Speaker, who lamented that the political will to tackle the challenge has been lacking, called on all stakeholders to work together to strengthen the various institutions within the country in line with international best practices.

His words: “That has been the challenge, from the point of view of the Executive down to the Parliament, the political will to address this has not been there. And the answer has always been that just one opinion cannot solve the issue, all hands need to work at it. We cannot afford to continue having weak institutions in Nigeria, not after so many years of having balance.”

“So I believe that concerning some of these borrowing voyages such as been embarked upon recently can be avoided by applying the required formulas that work even here in Nigeria. The sharp parallel that is drawn between the practice here in Nigeria and the practices in over 20 other jurisdictions of the world.”

The event also had in attendance the Vice President, Professor Yemi Osinbajo, and the governor of Ondo State, Rotimi Akeredolu, among several other dignitaries.

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Math Teacher Accused Of Having Sex With 2 Students And Getting Pregnant For One Tearfully Reveals The Baby Was Taken Away From Her

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The UK teacher who had a baby with an underage student while on trial for having sex with another teenage boy broke down in court after revealing her newborn baby girl had been “taken away” from her.

Manchester math teacher Rebecca Joynes, 30, sobbed to jurors over how her baby was taken “24 hours after being born” this past January — and now she only sees her for nine hours a week, Joynes told jurors on Monday, May 13, according to the Manchester Evening News.

“At the moment I have contact with her three times a week for three hours and that’s it,” she said through tears.

Joynes was arrested and released on bail on orders not to have unsupervised contact with anyone under 18 after allegedly grooming her pupil, known as Boy A in court, by buying him a $430 Gucci belt before bringing him to her apartment for unprotected sex.

She was suspended from school and eventually fired, but soon after, she began having a relationship with a 15-year-old boy, known in court as Boy B, whom she had a baby with in January.

Joynes, who has denied having sex with either boy when they were underage, told the court that when she learned of the allegations against her she had gone to the second boy in a “panic” and he deleted all of her phone’s content.

The former teacher denied having a sexual relationship with the second boy until after he turned 16 and she was already suspended from teaching.

According to her narration,

She said he had added her on Snapchat twice, which she only accepted the second time because she thought he “wanted to tell her something.”

Joynes said a friendship developed and he quickly became her “best friend” even though the boy would make flirtatious and sexualized comments toward her when he was drunk.

She told jurors that it wasn’t until after his 16th birthday that he messaged her saying “I’ve left school now” with a winky face.

After she received notice that she had been dismissed from her job, he went to her apartment, where following an emotional conversation, they had sex.

The two then entered a relationship that Joynes described as “quite toxic” telling the court how the teenager was “very controlling.”

After discovering she was pregnant, Joynes hid love notes for the boy to find around her apartment.

The notes eventually led to a piece of baby clothing that had the words “I love my daddy to the moon and back” written on it.

The court was told that she gave birth to their baby girl in January, but following an emergency court hearing, the newborn was taken away from Joynes.

Joynes has denied two counts of sexual activity with Boy A; two counts of sexual activity with Boy B; and two counts of sexual activity with Boy B while being a person in a position of trust.

Her trial is ongoing.

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First Man To Receive Pig Kidney Transplant Has Died

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The first Man to receive a genetically modified pig kidney transplant has died two months after the operation.

Massachusetts General Hospital (MGH), which carried out the procedure in March, announced Sunday, May 12, that Richard “Rick” Slayman, 62, has died.

They said there was no indication his death was a result of the transplant.

Transplants of other organs from genetically modified pigs have failed in the past, but the operation on Mr Slayman, who was suffering with end-stage kidney disease, was hailed as a historic milestone.

In addition to kidney disease, Mr Slayman also suffered from Type 2 diabetes and hypertension.

In 2018, he had a human kidney transplant, but it began to fail after five years.

Following his pig kidney transplant on March 16, his doctors confirmed he no longer needed dialysis after the new organ was said to be functioning well.

“Mr Slayman will forever be seen as a beacon of hope to countless transplant patients worldwide and we are deeply grateful for his trust and willingness to advance the field of xenotransplantation,” MGH said in a statement.

Xenotransplantation is the transplanting of living cells, tissues or organs from one species to another.

MGH said it was “deeply saddened” at his sudden death and offered condolences to his family.

Mr Slayman’s relatives said his story was an inspiration.

“Rick said that one of the reasons he underwent this procedure was to provide hope for the thousands of people who need a transplant to survive,” they said.

“Rick accomplished that goal and his hope and optimism will endure forever.

“To us, Rick was a kind-hearted man with a quick-witted sense of humour who was fiercely dedicated to his family, friends, and co-workers,” they added.

While Mr Slayman received the first pig kidney to be transplanted into a human, it is not the first pig organ to be used in a transplant procedure.

Two other patients have received pig heart transplants, but those procedures were unsuccessful as the recipients died a few weeks later.

In one case, there were signs the patient’s immune system had rejected the organ, which is a common risk in transplants.

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Prince Harry And Meghan Markle Arrive Nigeria Today, May 10th

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The Duke and Duchess of Sussex came into Nigeria for a private visit following an invitation by the Chief of Defence Staff, Gen. Christopher Musa.

The Director of Sports, Defence Headquarters, DHQ, Air Vice Marshal Abidemi Marquis, said the founder of Invictus Games will spend three days in Nigeria and would interact with wounded soldiers and their families.

He said the visit scheduled from 10th to 13th May 2024 would help wounded soldiers in their recovery efforts.

Marquis said: “Because we realised that 80 per cent of our soldiers have been involved in this recovery programme, they are getting better.

“Their outlook on life is positive. You know, when you are engaged in, you experience a permanent disability, you know, issues, it affects your mental health and also your outlook on life.”

Prince Harry and Meghan who are already in Nigeria, First made a visit to children at the Lights Academy in Abuja, Nigeria.

Here are pictures.

Prince Harry and Meghan at Light Academy In abuja

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