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Business

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ICT

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Capital Market

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AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

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Insurance

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

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emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

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Business

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

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Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

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ICT

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Insurance

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‘Tokyo 2020 Olympic Games to Go On Despite Coronavirus’

Yesterday, the International Olympic Committee (IOC) met with all stakeholders of the Olympic Games Tokyo 2020 and issued the communiqué below:

This is an unprecedented situation for the whole world, and our thoughts are with all those affected by this crisis. We are in solidarity with the whole of society to do everything to contain the virus.

The situation around the COVID-19 virus is also impacting the preparations for the Olympic Games Tokyo 2020, and is changing day by day.

The IOC remains fully committed to the Olympic Games Tokyo 2020, and with more than four months to go before the Games there is no need for any drastic decisions at this stage; and any speculation at this moment would be counter-productive.

The IOC encourages all athletes to continue to prepare for the Olympic Games Tokyo 2020 as best they can. We will keep supporting the athletes by consulting with them and their respective NOCs, and by providing them with the latest information and developments, which are accessible for athletes worldwide on the Athlete365 website and via their respective NOCs and IFs.

The IOC has confidence that the many measures being taken by many authorities around the world will help contain the situation of the COVID-19 virus. In this context, the IOC welcomes the support of the G7 leaders as expressed by Japanese Prime Minister Abe Shinzo, who said: “I want to hold the Olympics and Paralympics perfectly, as proof that the human race will conquer the new coronavirus, and I gained support for that from the G-7 leaders.”

We will continue to act in a responsible way and have agreed the following overriding principles about the staging of the Olympic Games Tokyo 2020:

  1. To protect the health of everyone involved and to support the containment of the virus.
  2. To safeguard the interests of the athletes and of Olympic sport.

The IOC will continue to monitor the situation 24/7. Already in mid-February, a task force was set up consisting of the IOC, the World Health Organization (WHO), the Tokyo 2020 Organising Committee, the Japanese authorities and the Tokyo Metropolitan Government.

The purpose of the task force is to ensure coordinated actions by all stakeholders. It has the mission to keep a constant appraisal of the situation to form the basis for the ongoing operational planning and necessary adaptations. The task force also monitors the implementation of the various actions decided. The IOC will continue to follow the guidance of this task force. The IOC’s decision will not be determined by financial interests, because thanks to its risk management policies and insurance it will in any case be able to continue its operations and accomplish its mission to organise the Olympic Games.

 

 

 

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The Buhari/Osinbajo Assets Declaration: A Way Forward for Nigeria

The recent public declaration of assets by President Muhammadu Buhari and Vice-President Yemi Osinbajo has opened a new vista of public life by public officials in Nigeria. The reason is simple: public declaration of assets by public officials has never been an easy task in Nigeria due to personal pecuniary interest in the line of duty. Over the years, stories have been told (real and imagined) of how people of lesser resources go into public office, either elected or appointed, and suddenly become immensely wealthy without verifiable source(s) of income other than being in public office or government.

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