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72 Displaced Families Benefit From Afri-mission’s Housing Programme

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By Funmilayo Adeyemi
No fewer than 72 displaced families in Abuja have benefited from a humanitarian housing intervention aimed at providing shelter and restoring dignity to victims of insurgency, banditry and communal crises.

The beneficiaries received the accommodation support during the official presentation ceremony of Afri-mission’s Rental Housing Support Programme (RHSP) for Displaced Christians on Monday.

The President of Afri- mission and Evangelism Network (AMEN), Oscar Amaechina, said the project was inspired by the need to assist vulnerable persons living in uncompleted buildings and informal settlements across the Federal Capital Territory (FCT).

The News Agency of Nigeria (NAN) reports that the initiative was facilitated by AMEN, with support from the World Outreach Ministries International (WOMI) and the Ignited Church.

Amaechina explained that many displaced persons were outside official Internally Displaced Persons (IDP) camps, making them difficult to identify and assist.

He said the organisation conducted a needs assessment survey across communities in Abuja to locate displaced families lacking proper shelter.

“I was inspired by the Holy Spirit to check out on those who are living in uncompleted buildings, with special attention to those who are displaced from their original homes due to insurgency, terrorism, and banditry in Nigeria.

“And we decided to have a need assessment survey where we try as much as possible to go into some places in Abuja here, because unfortunately most of them are not in IDP camps, and nobody will identify them.

“So it took a lot of work before we can get in touch with these people. And when I was able to get a good number of them, we decided by administering food items to them so that they can eat food,” he said.

According to him, the intervention, which cost between N12 million and N13 million, covered rent payments ranging from one to two years for the beneficiaries.

“I decided to communicate this vision to a dear friend of ours who lives in Lavona, Georgia.

“She’s a pastor (Jennifer Faircloth) and the wife of my late mentor in the person of Pastor Benjanin Faircloth. And she bought into the idea and key into it, and they really helped us immensely to see that we are able to secure accommodation for 72 families.

“And today is the ceremony, and we have already handed some of the apartments to some of them, and the remaining ones we do it just this week.”

He added that the beneficiaries were selected from an existing database of over 3,000 vulnerable persons, including women and children affected by insecurity.

Amaechina stressed that the programme was non-religious, noting that both Christians and Muslims benefited from the initiative.

“We meet those going through difficulties and challenges, especially those who are displaced by a suggestion of terrorism, whether you are a Christian or Muslim or a pagan, whatever it is, it’s not about religion this time around.

“It’s about humanity. We usually help them, and that is what we did this time around,” he said.

To ensure sustainability, he disclosed that the organisation was constructing a skill acquisition centre where beneficiaries would receive vocational and entrepreneurial training.

The centre, he said, would offer training in tailoring, cosmetology, catering, ICT, shoe and bag making, as well as adult literacy education.

He explained that training would last between six months and one year, after which participants would be empowered with tools to become economically self-reliant.

“I won’t promise you that we’ll keep on paying rent for them annually. It will be very difficult for us.

“But to be sure that they will be able to generate income, what we plan to do is to empower them so that they will have means of generating income for themselves.

“So for this edifice, can you tell us what we are meant for? What kind of training will be going on here? Yes, if you can see it, we have three blocks here.

“This one is a chapel (Pastor Benjamin Faircloth Auditorium) where prayers will be going on regularly and discipleship. So we really, for here now, we have tailoring. Here we have cosmetology and beauty service.

“We have the catering and baking. We have the ICT and then we have bead, bag and shoe making. We also have a classroom for adult literacy,” he added.

“We cannot continue paying rent indefinitely, so the goal is to equip them with skills that will enable them to sustain themselves,” he said.

Amaechina added that more than 300 women had already benefited from empowerment programmes under the initiative.

He also said that about 200 out-of-students were selected and would be enrolled in schools by september 2026.

He, however, appealed to individuals and organisations to partner with the mission, noting that about N56 million would be required to fully equip the vocational training centre.

One of the beneficiaries, Mrs Rose Ejigbo, who fled violence in Kaduna State in 2014, expressed gratitude for the assistance.

Ejigbo said she had survived through menial jobs before receiving accommodation support, describing the intervention as life-changing.

Another beneficiary, Zainab Abdullahi, displaced by bandit attacks in Plateau State, said the support restored hope after years of hardship living in an uncompleted building.

Both beneficiaries called on government and well-meaning Nigerians to strengthen efforts toward peace, security and humanitarian support for displaced persons. (NAN)(www.nannews.ng)

 

Edited by Ekemini Ladejobi

 

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Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million

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BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.

The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.

According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.

The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.

Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.

While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.

The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.

Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.

The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.

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NASA picks Eric Schmidt’s rocket company for Mars mission, setting up a race with SpaceX

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Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars.

On Tuesday, NASA said it hired the company to build a spacecraft to house a suite of scientific instruments, launch it into space, and fly it to Mars.

The structure of the contract is akin to the deals that NASA made with SpaceX to fly cargo to the International Space Station, or Firefly Aerospace to put a lander on the Moon. The government agency handles the science, while the private company provides low-cost infrastructure.

Aeolus, as the mission is dubbed, will contain four instruments to measure and image Mars from orbit, providing what NASA expects to be the first daily, global view of dust, winds, and temperature in its atmosphere. The agency said that data will make it safer for landers and, someday, astronauts, to visit the surface of the Red Planet.

“By pairing NASA’s world‑class instruments with commercial innovation and investment, we can deliver more science, more often, and reduce the time it takes to get essential data into the hands of researchers preparing for future human missions to Mars,” NASA administrator Jared Isaacman said in statement.

The mission is set to launch in 2028—a rapid pace that will require Relativity to design and build the spacecraft to carry the Aeolus instruments, and finish building the rocket that will carry it to space, all on a tight timeline. NASA did not disclose how much it is paying Relativity for the mission, and Relativity did not respond to questions from TechCrunch.

Isaacman, who has flown to space twice on private SpaceX missions, has championed public-private partnerships like this. Under this model, the company working with NASA takes on some of the development cost of the project, in exchange for allowing NASA to stretch its budget further—a structure that has become a template for how the agency funds ambitious missions without bearing all the financial risk itself.

But NASA is taking on risk as well: Relativity is unproven, and there’s no guarantee the mission will even make it off the ground. Past startup partners of NASA have gone bankrupt or seen Moon landers arrive askew. The potential payoff for the company is meant to extend beyond the NASA contract itself, including commercial applications, like launching satellites or delivering cargo to the Moon. Still, the further out into space these partnerships reach, the murkier the market becomes for commercial services.

Relativity was founded in 2015 by two former SpaceX and Blue Origin engineers, with the idea of using 3D printing to its maximum potential as a path to building a cheaper rocket. The company’s first design, Terran-1, launched in March 2023 and failed mid-flight. Relativity doubled down by moving on to a larger design, dubbed the Terran R.

Before Relativity could get it to the launch pad, the company ran into fundraising challenges, and Schmidt took a majority stake in the company in it last year, installing himself as CEO. He’s been tight-lipped about the investment but has expressed interest in orbital data centers, and is thought to be using Relativity to launch a space telescope, Lazuili, financed by his family philanthropy, Schmidt Sciences.

The former tech executive’s decision to take over a space company last year puzzled some observers because rocketry is a crowded and capital-intensive field. But pent up demand for new rockets—fueled by delays at Jeff Bezos’ Blue Origin—could still lead to a payoff for Schmidt if Terran R can actually make it to space.

And the new contract might give Schmidt a chance to put one over on Elon Musk, a regular sparring partner of his on the issue of AI safety. While Musk has long talked of his Martian ambitions, SpaceX has never actually sent its own mission to Mars (no, the Tesla he launched into space in 2018 missed).

If Relativity’s Aeolus launches on schedule, it could be the first private mission to reach the Red Planet.

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