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Jeff Bezos to Step Down as Amazon CEO

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Jeff Bezos

Founder of Amazon, Jeff Bezos will step down from his role as Chief Executive later this year and transition to the role of executive chair, the company said on Tuesday. He will be replaced by the company’s top cloud executive, Andy Jassy.
Bezos oversaw its growth from an online bookseller into a $1.7 trillion global retail and logistics which has also made Bezos into one of the world’s richest people.

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“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos said in a letter to employees. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”
The company’s shares were essentially flat shortly after the market closed Tuesday, but gained almost 1% two hours after the closing bell. Amazon’s stock has grown nearly 69% over the past year.

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Newsroom

Gov. Emmanuel announces recruitment 1,000 teachers for public schools

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Gov. Emmanuel announces recruitment 1,000 teachers for public schools

Gov. Udom Emmanuel of Akwa Ibom has announced the recruitment of 1,000 teachers for the public primary schools in the state.

Emmanuel made this known during the inauguration of the new members of the State Universal Basic Education Board (SUBEB) in Uyo on Friday.

He said that this was part of his administration efforts aimed at giving a new lease of life to the educational sector of the state for the benefit of residents.
The governor however, solicited absolute loyalty from persons given responsibilities and frowned at acts inimical to the progress of the state and its people.

“We have decided to add to you immediately another 1,000 primary school teachers. Primary education is key to development of any society and its the priority of government,” Emmanuel said.

He urged the newly inaugurated SUBEB members to live up to expectations of giving primary education a facelift in line with the agenda of his administration.

“A lot of people have heard that since last year we’ve been screaming that we are declaring a state of emergency in education.

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“We are not likely going to finish that in two years, it is something that will span through a minimum of 10 years but we must start the foundation this year.

“We have invested a whole lot in infrastructure and basic education is key, that is why if you check, the people we go after to head the primary board are people that can best represent us anywhere,” he said
The governor commended the former Chairman of SUBEB, Prof. Maria Ikrok, and her team for a job well done.

He charged the new board to swing into action immediately.

Responding, the Chairman of SUBEB, Obong Paul Ekpo, expressed gratitude to God and the governor for finding him fit for the appointment.

He pledged to work hard and passionately to improve the primary education system.

“Let me thank God for the opportunity and also thank the Governor for finding me fit for this appointment.

“As the governor did mentioned, a state of emergency has been declared in the state education sector.
“We on behalf of our board pledge to be committed to making that critical contributions that will improve our educational system,” Ekpo said.

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Regulate, don’t prohibit cryptocurrencies, Osinbajo tells CBN

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Regulate, don’t prohibit cryptocurrencies, Osinbajo tells CBN

Vice President Yemi Osinbajo has told the Central Bank of Nigeria that cryptocurrencies should be regulated and not prohibited.

The CBN had, a few weeks ago, ordered all deposit money banks, non-banking institutions, and other financial institutions against enabling cryptocurrency tradings.

The apex bank ordered the institutions to close the accounts of customers with cryptocurrency transactions immediately, adding that a breach of the directive will attract severe regulatory sanctions.
According to the CBN Governor, Godwin Emefiele, who shed more light on the decision, it was taken in the best interest of Nigerians.

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He said this while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market.

However, Osinbajo, who spoke on Friday at the Bankers Committee Vanguard in Lagos, said that fear should not be applied in terms of cryptocurrencies.
The Vice President advised the monetary authorities to provide a “robust regulatory regime” that will address the concerns about cryptocurrencies.

“The point I’m making is that some of the exciting developments we see call for prudent and care in adopting them, and this has been very well articulated by our regulatory authorities,” he said.
“But we must act with knowledge and not with fear. We must ensure that we are in a position to benefit and prevent any of the adverse side effects or any of the possible criminal acts that may arise as the consequence of our adopting or taking any of these options.
Expressing optimism about cryptocurrencies, Osinbajo said in the coming years it “will challenge traditional banking, including reserve banking, in ways that we cannot yet imagine.”

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OBA OF IWO CALLS FOR PEACE

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OBA OF IWO

As the federal government intensify efforts to end kidnapping, banditry and communal clashes, the need for traditional rulers be assigned constitutional roles has again been reiterated.

Oba Abdulrasheed Adewale Akanbi, Oluwo of Iwo who made the call after a courtesy visit to Vice President Yemi Osinbajo, said traditional rulers should be appropriately recognised for them to be able to address issues before they lead to ethnic or communal crisis.
Also commenting on the farmers herders clashes, the Iwo monarch says the pastoralists should be trained and encouraged to adopt modern method of ranching.

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State House Correspondent Jide Onifade reports that the traditional ruler also recommended improvement of welfare for the police and monitoring of the nation’s  borders to put an end to arms and small weapon proliferation in the country.

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COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

GALLANT OFFICER

Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

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