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Prof. Chris Kwaja Urges Plateau Residents to Reject Retaliation, Support Lawful Measures Against Insecurity

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Prof. Chris Kwaja

The Special Envoy on Peace and Security to the Plateau State Governor, Prof. Chris Kwaja, has called on residents of the state to resist the urge for retaliation and instead support lawful approaches to tackling insecurity fueled by organized crime.Instead, he urged citizens to work with the government and security agencies to promote peace and stability.

Speaking to journalists in Jos on Wednesday, Prof. Kwaja was reacting to a report by Daily Trust on the alleged killing of a herder in Shen, Jos South LGA. He cautioned that any act of revenge, regardless of motive, is a violation of the law and constitutes a criminal offense.

Prof. Kwaja stressed the importance of civic vigilance in safeguarding humanity and containing criminality, urging citizens to report any suspicious activities to the security agencies, emphasizing that “if you know something, or see something, say something.” By working together, citizens and security agencies can effectively address insecurity and promote peace.

He pointed out, that criminality is not a respecter of religion, ethnicity or political party, calling on Citizens to work together within the ambit of the Law to safeguard humanity while security agencies do their best to contain the Criminality.

According to Prof. Kwaja, the Plateau State government is committed to promoting peace and stability for all its citizens and by shunning retaliation and embracing lawful solutions, the state can make progress in addressing insecurity and building a safer future for all while also urging citizens to support the government efforts and work together to promote peace and stability in the state.

The special Envoy underscores the leadership and unwavering commitment of theu Plateau state Governor Barr. Caleb Mutfwang, which he said has demonstrated his commitment to addressing the security challenges, uniting and securing all its Citizens.

“The government has been working tirelessly with all stakeholders, including governmental and non-governmental actors, to address insecurity and promote peace in the affected communities”, Prof. Kwaja Added.

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NAICOM Begins Issuance of New License Certificates to Recapitalised Firms

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BY NKECHI NAECHE-ESEZOBOR—National Insurance Commission (NAICOM), on Tuesday presented new Licence Certificates to insurance companies that successfully met the Commission’s new minimum capital requirements.

In his opening remarks, the Commissioner for Insurance (CFI) congratulated the successful companies and stated that the issuance of the new licences marks a significant milestone in the recapitalization programme.

He noted that the development signals the beginning of a new regulatory era focused on stronger capitalization, improved corporate governance, enhanced product innovation, and the Commission’s broader drive to build a stronger, more resilient, and globally competitive insurance industry in Nigeria.

The Commissioner urged the companies to leverage their enhanced capital base to drive innovation, develop new products, and deepen insurance penetration across the country.

He emphasized that the Commission has high expectations for professionalism, innovation, operational efficiency, and improved returns on investment, noting that the successful completion of the recapitalization programme positions the industry for the next phase of regulatory reform.

He further announced that the Commission’s next major regulatory initiative will be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels will be aligned with the risks inherent in their business portfolios.

The Commission reaffirmed its commitment to removing regulatory impediments where appropriate while maintaining robust oversight and enforcing standards that protect policyholders and strengthen market confidence.

A total of 43 insurance companies that were declared compliant with the new capital requirements are expected to receive their new licences from the Commission.

The issuance of the certificates marks the commencement of a phased transition to higher capital standards aimed at enhancing the financial capacity, solvency, and claims-paying ability of insurance operators in Nigeria.

The post NAICOM Begins Issuance of New License Certificates to Recapitalised Firms appeared first on Business Today NG.

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Disney+ looks to TikTok creators to bring fan content to its short-form video feed

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Disney is partnering with TikTok to bring Disney-focused fan content directly into the Disney+ app. The companies are starting with a pilot program in the U.S. in the coming months, and plan to expand to additional markets later on.

As part of the agreement, fan-made videos on TikTok about Pixar, Marvel and Star Wars will also be featured in the “Verts” section of Disney+, the streamer’s short-form video feed that rolled out a few months ago. 

Disney has been working to flesh out the amount and variety of content on the video feed. The company late last year committed to making a significant $1 billion investment in OpenAI as part of a three-year licensing deal that would let people create short videos using Disney characters on the AI lab’s video generation platform, Sora. However, those plans fell through after OpenAI suddenly decided to shut down Sora in March.

This partnership with TikTok seems like a natural progression of that, especially as many streaming platforms are competing with social platforms for users’ attention. This competition is partly why Disney launched the Verts feature in the first place, along with Netflix, HBO Max, and Prime Video

The deal also indicates that Disney is acknowledging that the next generation of talent is on social media. The company said that, through the newly launched Disney Creator Ambassador Program, TikTok creators will gain access to the media giant’s vast library of content, as well as opportunities to earn rewards, increase visibility, access exclusive events, and career opportunities. 

Other streaming services, such as Tubi and Peacock, have collaborated with TikTok creators to produce original long-form content for their platforms.

The timing of the announcement aligns with Disney’s Q3 results. The company reported its subscription video-on-demand (SVOD) operating income more than doubled to $712 million from $329 million a year earlier. Plus, in a restructuring move, Disney has decided to shift its consumer products business from the Experiences division to Studios.

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