News
JUST IN: Gunmen Attack NIPSS in Plateau, Kill Three Security Operatives
Head coach of the Flying Eagles, Nigeria national under-20 football team, Abdu Maikaba, has revealed that only a handful of foreign-based players are expected to be part of the squad for the upcoming WAFU B U-20 Championship.
READ ALSO: Tinubu Backs Major Sports Revolution As Nigeria Targets 2027 Africa Schools Games
The tournament, scheduled to take place in Côte d’Ivoire in July, will serve as a qualifier for the 2026 Africa U-20 Cup of Nations.
Speaking on the team’s preparations, Maikaba disclosed that the availability of overseas-based players remains uncertain despite some currently training with the squad.
“We will likely have only a few foreign-based players in the team,” Maikaba said.
According to the Flying Eagles coach, many of the players presently in camp are only available because European leagues are currently on break.
“Some of them are here because their clubs are on holiday,” he implied.
Maikaba admitted there is no guarantee that those players will be released once the competition officially begins.
“We cannot be certain they will be available for selection when the tournament starts,” he noted.
The coach, however, stressed that the team remains open to new additions as preparations continue.
“The door is still open for more players to join the squad,” he added.
Despite the uncertainty surrounding some foreign-based stars, Maikaba expressed confidence in the quality available within the current group.
“Our focus remains building a strong and competitive team,” he stressed.
The Flying Eagles recently began preparations for the tournament as Nigeria seeks another appearance at the continental championship.
“The WAFU competition will be a major test for the new-look squad,” many football observers believe.
The tournament represents a crucial step in Nigeria’s quest to qualify for the next Africa U-20 Cup of Nations.
For Abdu Maikaba, the message is clear.
Foreign-based players may not dominate the squad.
The selection process remains open.
And the Flying Eagles are focused on building the strongest possible team ahead of a crucial qualification campaign.
Because success at youth level depends on preparation, adaptability, and selecting players who are fully available and committed.
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has formally handed over operational control of African Alliance Insurance Plc to a newly constituted, shareholder-nominated Board of Directors.
The transition marks the official conclusion of an intensive 18-month regulatory intervention that commenced in October 2024.
The regulatory intervention succeeded in stabilizing the distressed underwriting firm, resolving critical structural challenges, and rebuilding stakeholder confidence. During the 18-month period, the interim management cleared up to 15 months of annuity arrears, settled outstanding legacy claims, and restored vital liquidity to the firm through targeted asset sales and portfolio transfers. Comprehensive forensic and actuarial reviews were also finalized to address past regulatory breaches.
Speaking during the handover, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, charged the incoming directors to strictly uphold robust corporate governance frameworks, maintain absolute operational transparency, and prioritize the prompt settlement of customer claims.
Under the new administrative structure, African Alliance Insurance Plc will be led by Rear Admiral Anthony Odogba Isa (Rtd) as Chairman, alongside Mr. Abayomi Olakunle Olukeye, who assumes the role of Managing Director.
While day-to-day operations have returned to the board, NAICOM confirmed it will maintain close regulatory oversight of the company to monitor its ongoing recapitalization efforts and long-term solvency progress.
The Commission formally took over the board and management of African Alliance Insurance Plc on October 30, 2024.
According to NAICOM exercised its regulatory intervention powers under the NAICOM Act for several critical reasons:
Insolvency and Financial Instability: Following extensive financial and operational monitoring, NAICOM identified deep-seated insolvency issues that threatened the company’s ability to operate safely and soundly.
Failure to Meet Obligations: The company faced a massive public outcry and heavy criticism after failing to pay its policyholders and annuitants, leading to prolonged delays in settling claims.
Governance and Operational Lapses: The regulator discovered major corporate governance failures, indicating that the previous leadership had mismanaged the firm’s assets—which consisted heavily of policyholders’ funds—and exposed the company to extreme risk.
The primary objective of the 2024 takeover was to safeguard public interest, protect policyholders, and implement critical structural reforms to stabilize the firm before handing it back to its shareholders.
The post NAICOM Ends 18-Month Intervention, Hands African Alliance Insurance Back to New Board appeared first on Business Today NG.
-
News4 days agoNDC: Aisha Yesufu rejected House of Reps ticket – Dickson
-
Business4 days ago
UK launches £15 million initiative to boost investment, deepen reforms in Nigeria
-
News4 days ago
Zoning: North wants Presidency in 2031, won’t vote Atiku in 2027 – Ex-ACF scribe, Sani
-
Health23 hours ago
Five dead, 11 cases confirmed in Plateau cholera outbreak
