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ASSOCHAM to imortalise Netaji Subhas Chandra Bose with Memorial Lecture 

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By Bonaventure Melah

 

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has concluded plans to commence Annual Lecture series aimed at imortalising the memories of Netaji Subhas Chandra Bose, one the country’s greatest freedom fighters of all times.

An invitation signed on behalf of ASSOCHAM by Varun Aggarwal, Senior Director & HOD, for the first edition of the Annual Lectures seen by Nationwide Reports described Shri Subhash Chandra Bose as one of the most iconic freedom fighters of India, adding that his exceptional leadership qualities and charismatic orator-ship earned him the title of “Netaji”.

“The patriotism of Subhash Chandra Bose ji has left a lasting impression on many Indians. His patriotism, unwavering determination, selfless service and bravery made him a national hero. For his contribution to India’s Independence movement, Netaji Jayanti is observed as Parakram Divas,” the invitation letter said.

It said therefore, that to commemorate the beneficence of Netaji Subhas Chandra Bose to India and the World and to keep the legacy of a great human being and an inspiring individual, ASSOCHAM proposes to start an Annual “Netaji Subhas Chandra Bose” Memorial Lecture series from this year.

“We cordially invite you as our Guest for attending this timely and meaningful Lecture. Kindly share the details below for registration. In case you are preoccupied, request to please nominate,” the letter said, adding that due to security reasons, prior registration in mandatory.

According to the invitation, the Lecture is scheduled to take place on Saturday 17 June 2023, in New Delhi from 10:00 am onwards.

The Chief Guest is Shri Ajit Doval, KC,

National Security Advisor, Prime Minister’s Office.

 

 

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FCT Minister sacks Revenue Service boss

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Myesom Wike, the Minister of the Federal Capital Territory, FCT, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mr Michael Ango, of his duties.

The announcement was contained in a statement late Friday by the minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.

The statement added that the decision takes immediate effect.

Olayinka said the minister directed the most senior official of the FCT-IRS to immediately assume leadership of the agency

“The Minister of the Federal Capital Territory, Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Mr Michael Ango,” he stated.

He added that “the most senior official of the FCT-IRS has been directed to take over the running of the revenue agency with immediate effect.”

The statement did not provide reasons for the removal.

 

 

 

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Speaker, 14 other River State assembly members decamp to APC

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15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.

Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.

“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.

Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.

All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.

 

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CBN rolls out new directives to track financial fraud

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The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.

Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.

The action comes in the wake of a dramatic increase in banking sector fraud.

According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.

The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.

Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.

The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.

It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.

 

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