CHRISTIANS ENJOINED TO SEEK GOD'S FACE DESIST FROM NEGOTIATING ONE'S DESTINY WITH THE DEVIL. (PHOTO). #PRESS RELEASE

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 Christians enjoined to seek God's face desist from negotiating one's destiny with the devil By Ezumezu Nonyelum  Christians enjoined to seek God's face desist from negotiating one's destiny with the devil. Converts encouraged to refrain from secret sin that deprives them from mercy of God. The Officiating Priest of St. Michael Parish Awkuzu, Rev. Fr. Michael Okoye stated this in a homily during a 6.00am mass on November 15. Fr. Michael Okoye hinted that some Catholic faithfuls have deny their destiny for worldly pleasures, sins, money to satisfy their flesh. He reflects on Mathew's Gospel that"  fear is debilitating indeed". The other servants who were not governed by fear took risk and made wonderful returns", he said. Fr. Okoye emphasized in the parable of 5 talents, 2 talents and 1 talent that Christians should not seen others most favoured than others. He added that some human being regard themselves as less endowed for achieving the purpose for ...

PRESIDENT TINUBU ASSENTS TO NIGERIAN INSURANCE INDUSTRY REFORM BILL 2025 TO DRIVE FINANCIAL SECTOR TRANSFORMATION. (PHOTO). #PRESS RELEASE.


 STATEHOUSE PRESS RELEASE


 


PRESIDENT TINUBU ASSENTS TO NIGERIAN INSURANCE INDUSTRY REFORM BILL 2025 TO DRIVE FINANCIAL SECTOR TRANSFORMATION


 


President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025 — a landmark legislation to strengthen Nigeria's financial sector and accelerate the nation's march toward a $1 trillion economy.


 


The Nigerian Insurance Industry Reform Act (NIIRA) 2025 repeals and consolidates several outdated insurance laws into a single, modern legal framework. The new Act provides for comprehensive regulation and supervision of all insurance and reinsurance businesses operating within Nigeria.


 


This development reaffirms the administration's commitment to financial stability, economic development, and inclusive growth.


 


The NIIRA Act 2025 ushers in a new era of transparency, innovation, and global competitiveness for the insurance industry. It aligns with the Federal Government's vision of achieving a $1 trillion economy.


 


As part of the Renewed Hope Agenda for the Insurance Sector, the Act introduces critical measures such as:


 


1. Stringent capital requirements to ensure the financial soundness of operators;


 


2. Enforcement of compulsory insurance policies to enhance consumer protection;


 


3. Digitisation of the insurance market to improve access and efficiency;


 


4. Zero tolerance for delays in claims settlement;


 


5. Creation of dedicated policyholder protection funds, especially in cases of insolvency;


 


6. Expanded participation in regional insurance schemes, including the ECOWAS Brown Card System.


 


The National Insurance Commission (NAICOM) is mandated to administer and implement the provisions of the NIIRA 2025 in a manner that unlocks the industry's full potential and significantly improves insurance penetration across the country.


 


The reform introduced by the new law is expected to catalyse new investments, boost consumer confidence, and position Nigeria as a leading insurance hub in Africa.


 


 


Bayo Onanuga


Special Adviser to the President


(Information & Strategy)


August 5, 2025

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