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Gov AbdulRazaq commiserates with CJ Adebara over father’s death

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Kwara State Governor AbdulRahman AbdulRazaq sends his profound condolences to the Chief Judge of Kwara State Justice Abiodun Ayodele Adebara and the people of Shao on the death of the CJ’s father, Pa Adebara Adio Durodoye Dogo.

Pa Adebara, 98, commanded the respect of all in Shao and environs for his industry, leadership, and huge contributions to the development of his community as a foremost businessman who founded the popular Abulesowo Amuludun Sand Association, according to the Governor.

Governor AbdulRazaq says the late businessman left salutary legacies in the sand of times, as can be seen in the quality of his children and his impacts on the people.

On behalf of the government and the people of Kwara State, the Governor sends his condolences to the Shao community, the Ajakitipa chieftaincy family, and to the immediate and extended families of the patriarch.

He asks God to repose the soul of Pa Adebara and to give fortitude to the illustrious family he left behind.

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Cryptotimes Africa and 4 Other Crypto-Focused Publications shaping the narrative of cryptocurrency in Africa

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It’s no doubt that Africa has emerged as a hotbed for cryptocurrencyadoption and innovation. With a growing interest in digital assets andblockchain technology, several publications have sprung up to cater tothe information needs of crypto enthusiasts across the continent.Among these, Cryptotimes Africa stands out as a leading source of newsand insights on the African crypto scene. Let’s take a closer look atCryptotimes Africa and five other noteworthy publications that areshaping the narrative of cryptocurrency in Africa.1. Cryptotimes AfricaAs the name suggests, Cryptotimes Africa is dedicated to covering allthings crypto-related on the African continent. From news updates andmarket analysis to interviews with industry experts, this publicationoffers a comprehensive view of the rapidly evolving crypto landscapein Africa. With a focus on promoting blockchain adoption and financialinclusion, Cryptotimes Africa serves as a valuable resource for bothnewcomers and seasoned veterans in the crypto space.2. Bitcoinke.ioBitcoin Africa is another prominent publication that provides in-depthcoverage of Bitcoin and other cryptocurrencies in Africa. With a teamof experienced writers and analysts, Bitcoin Africa deliversinsightful articles, guides, and reviews to help readers navigate thecomplexities of the crypto market. Whether you’re interested intrading strategies, regulatory developments, or technologicalinnovations, Bitcoin Africa has you covered.3. TechnextTechnext is a broad tech publication with a strong focus on Africanstartups, innovation, and trends, coverage includes articles onblockchain technology, cryptocurrencies beyond Bitcoin, and theirapplications in Africa.4. Tech CabalTech Cabal focuses on providing in-depth analysis and reporting on theAfrican tech ecosystem, including funding rounds, investment trends,and interviews with key players. While its primary coverage is notsolely focused on cryptocurrencies, Tech Cabal features insightfularticles on blockchain technology, cryptocurrency adoption in Africa,and the regulatory landscape. Targeting investors, entrepreneurs, andprofessionals working in the African tech sector, Tech Cabalcontributes valuable insights to the broader conversation on cryptoinnovation in Africa.5. NairametricsNairametrics is a financial and business news platform with a focus onthe Nigerian economy and markets. While covering a wide range offinancial topics, Nairametrics includes articles on cryptocurrenciesas an investment asset class, analysis of their impact on the Nigerianfinancial sector, and regulatory updates. Targeting investors,business people, and those interested in the financial sector inNigeria, Nairametrics provides valuable insights into the evolvinglandscape of cryptocurrencies in Africa’s largest economy.In conclusion, Cryptotimes Africa and the aforementioned publicationsare playing a crucial role in shaping the narrative of cryptocurrencyin Africa. By providing reliable news, analysis, and educationalresources, these platforms are empowering individuals and businessesto participate in the digital economy and seize the opportunitiesoffered by blockchain technology. As the crypto revolution continuesto unfold, these publications will undoubtedly remain essential guidesfor enthusiasts and professionals alike.

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Eid-el-Fitr: Speaker Obasa Congratulates Muslims

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  • urges patriotism for national prosperity

As Nigerian Muslims celebrate the Eid-el-Fitr with their counterparts across the world, Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, says he joins other faithful in their steadfast belief that Almighty Allah will listen to their supplications and meet their needs at this time.

Dr. Obasa’s prayer came in his congratulatory message to Muslims for having the divine privilege from Allah to partake in the Ramadan.

According to Obasa, in a statement by his Chief Press Secretary, Eromosele Ebhomele, the Eid-el-Fitr is not just a time to eat and be merry, but a day dedicated for thanksgiving to God for the strength and passion He has given the Muslim faithful.

“It is a day to reflect on the blessings and opportunities that have been granted by Allah just as it is a period to engage in acts of charity and love to one another.

“As emphasised in the Holy Book, Muslims are advised to give at this period and beyond. They are urged to share love and be compassionate while having the consciousness of Allah’s mercy upon us all.

“I congratulate Muslim faithful both in Lagos, Nigeria and the world for the successful conclusion of the Ramadan while praying that Allah hearkens to all our supplications throughout the period with the faith that He will continue to bless our state and country,” the Speaker said.

Obasa urged the citizens to mark the festival rededicating their lives to God and doubling their patriotism to the country for national prosperity.

“We all must continue to work hard as we build a peaceful, united and prosperous Nigeria under President Bola Ahmed Tinubu while upholding the lessons that Ramadan brings.

“As Nigerians, regardless of our religious beliefs, we have a country that we aspire to see. We all have to make the country achieve that greatness by being more patriotic and working with the government.

“In the same vein, it has been an upward progression for Lagos. The result of the effective collaboration among the arms of the government is very obvious.

“At the House of Assembly, our pro-people direction has resulted in legislation, motions and resolutions that have brought happiness to the residents of our state. We promise to continue to build on our successes.

“On behalf of my family, colleagues at the House, the management and staff of the Assembly, I wish our Muslim brothers and sisters a beautiful celebration,” Dr. Obasa said.

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CAMA 2020: CASON Urges Churches to Be Accountable

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The Church Administration Society of Nigeria, CASON, has called on church leaders to apply caution and follow due diligence in the handling of church finance; warning that if care is not taken, they may run foul of the Company and Allied Matters Act – CAMA, 2020.CASON gave the warning at its 2024 Annual General Meeting held recently in Lagos as a hybrid session. The lead paper that formed the fulcrum of the discussion was delivered by Mr. Segun Shelleh, a chartered accountant of multiple decades who sits on the Board of CASON as Treasurer. He sensitized churches on various core issues of the law.On income and property of a church organisation, Shelleh disclosed that Section 838(i) of CAMA 2020 states that, “the income and property of a body or association whose trustees are incorporated under this part of this Act shall be applied solely towards “The promotion of the objectives of the body as set forth in its Constitution; and that no portion from it shall be paid or transferred directly or indirectly, by way of dividends, bonuses, or otherwise by way of profit to any of the members of the association.”Shelleh explained that the implication of this provision of the Act is that the funds and the assets of the organization must strictly be used to uphold the objectives of the Church as laid out in the legal constitution submitted to the Commission at the incorporation of the Church.Profit Sharing Is Illegal. “No portion of the gains resulting from the operations of the Church can be shared or distributed amongst the members of the Church or its leadership, comparable to what obtains in a business enterprise where profits are shared amongst the shareholders.”He noted that “Section 838(ii) also did pronounce that no member of the council or governing body (except for the ex-officio) shall be entitled to or paid remuneration or salary of any type unless for the repayment of out-of-pocket expenses, reasonable rent for premises demised or let to the body or reasonable fee for services rendered.”Section 838(iii) according to him “also spelt out the consequence of contravening the provision of Section 838 (i) & (ii) by stating clearly that a person who knowingly acts or joins in acting in contravention of this section, he is liable to refund such income or property so misapplied to the association.”Contravening the provision of the act could also lead to the suspension of the trustees of the Church in accordance to Section 839(vi) of the Act.“Any legitimate offering the Church is interested in pursuing which is not in the Constitution, should be included in the Constitution forthwith by approaching the Commission to alter the Constitution in line with Section 833 of CAMA 2020.″He advised also that any person who is a trustee of the Church and may need to draw salaries from the organization, should immediately consider removing himself or herself from the trustees and remain just a staff of the organization rendering his or her service to the Church organization dutifully in compensation for the remuneration received. On dormant account run by churches he said, “Sections 842(i) & (ii) of CAMA 2020 empowers banks in Nigeria to notify the Commission with the details of any dormant bank account(s) as defined under the relevant banking regulation, in its custody that is in the name of an Incorporated Trustee.The Commission is charged, upon receiving the notification from the bank, to request the affected Incorporated Trustees to provide evidence of its activities within 15 days of the receipt of such request by the Commission. The failure of the Incorporated Trustees to satisfactorily provide such evidence within the 15 days window stated in the Act t, the Commission may dissolve the Incorporated Trustees and give direction to the bank to transfer the credit balance in the concerned bank account(s) to the bank account of any specified. Shelleh therefore recommended that churches should not maintain more than five bank accounts per time for easy monitoring. He also emphasized: “It should be noted that the government is determined to stamp out terrorism in the country. The funding of which incidentally has been linked to some NGOs and even faith-based organizations.”He also sounded a note of warning on the need to always submit the statements of account of the church to CAC adding that defaulting churches risk being fined. Shelleh however counselled that churches should do more of self-regulation. “If we refuse to self-regulate as churches within the Body of Christ, then the government will enforce it on us, and it may not be a beautiful thing at such moments.”

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