NIGERIA DECRY EXORBITANT COST OF DOING BUSINESS, HIGH NUMBER OF CHILDREN OUT OF SCHOOL IN EGYPT

Nigerians spend $35,000 to register business in Egypt — FG

The Minister of Information and Culture, Alhaji Lai Mohammed has decried the 35,000 U.S. dollars (about N19.2 million) deposit being requested by Egyptian Authority from foreigners including Nigerians to operate a business enterprise in that country.

Mohammed described the condition as unacceptable during a meeting with the Nigerian community in Cairo.

The meeting was on the sideline of a bilateral discussion with Africa Export Import Bank (Afreximbank) on how Nigeria can access funding to support its growing creative industry.

Alhaji Mohammed had led some private sector stakeholders involved in Digital Switch Over (DSO) to Afreximbank to assist them on how they can source fund to complete the wholly private sector financially driven project.

Speaking at the meeting organised by the Nigerian Ambassador to Egypt, Malam Nura Rimi, the minister said "such condition negates the unity that binds African countries together."

He, therefore, promised to take the matter up with the Minister of Foreign Affairs, Geoffrey Onyema and other relevant bodies upon his return to Nigeria.

The minister also decries the high number of Nigerian children out of school in Egypt owing to language barrier and non-availability of registered Nigerian schools in Cairo.

The Nigerian community had told the minister that the official language for teaching in Egypt is Arabic and the few private schools being run by the British and America in that country were exorbitant.

They said no fewer than 7,000 Nigerian children in Egypt were out of school and therefore appealed for construction of a Nigerian school in Cairo.

They also told the minister that because many of them could not afford the mandatory 35,000 dollars deposit, their businesses had been labelled illegal while they were subjected to regular harassment and arrest by Egyptian security officials.

Comments

$100 MILLION STOLEN BY HACKERS IN CRYPTO HEIST

Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days. Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.

Countries Accepting Nigerians Seeking Second Citizenship

Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application. Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de

ACTRESS SENTENCED TO SIX MONTHS IN ISLAMIC SCHOOL

Sharia Court Sentences Kannywood Actress To Six Months In Islamic School The actress, Sadiya Haruna was handed the sentence on charges of “indecent social media postings.” Credit: Instagram | Sadiya Haruna The actress, Haruna, a resident of Kabuga Quarters was initially arrested on Friday by the Head of Surveillance Department of Kano State Hisbah Board, Malam Aliyu Usman. She was then detained in the custody of the Islamic police until early Monday when she was brought before the Sharia court sitting in Sharada area of the state. According to the First Information Report (FIR) filed against her, she was alleged to have consistently posted indecent videos in which she was dancing seductively and making sexual comments on her social media handles and YouTube channel. The accused person pleaded guilty to a one-count charge of obscenity and indecent act, which contradicts section 355 of Penal Code Law 2000. The presiding judge, Justice Ali Jibril Danzaki thereafter convicted her a

News, Events and People.

Search This Blog