FORMER KENNEDY CENTER EMPLOYEES ALLEGE LEADERSHIP DELAYED ROOF REPAIRS BEFORE CITING SAFETY ISSUES IN CLOSURE DECISION. (PHOTO).

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 Former Kennedy Center employees allege leadership delayed roof repairs before citing safety issues in closure decision Former Kennedy Center employees allege that the venue’s leadership knew about serious structural problems well before citing newly discovered hazards as the reason for its abrupt closure this month. The claims were outlined in a letter to Congress from a lawyer representing anonymous whistleblowers. The letter accuses the center’s executive director and chief operating officer, Matt Floca, of failing to prioritize roof repairs and stopping a funded repair plan in April. Floca disputes the allegations, saying recent inspections revealed that water damage had spread farther into the building than officials previously knew. In a September court declaration, Floca cited “acute risks to public safety” following an inspection that found deterioration in a roof terrace canopy and a partial ceiling collapse. The former employees contend those dangers were already known to...
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30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS. (PHOTO).

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 30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS


The Central Bank of Nigeria says the banking sector recapitalisation programme introduced in 2024 is progressing steadily, with financial institutions strengthening their capital base to meet new regulatory thresholds.


A statement by the Acting Director of Corporate Communications at the bank, Hakama Sidi Ali, says thirty banks have already met the new minimum capital requirements tied to their respective licence categories.


The statement adds that thirty-three banks had raised additional capital through rights issues, initial public offerings and private placements as part of the recapitalisation programme.


The CBN notes that the capital positions of the remaining banks are currently undergoing routine verification ahead of final confirmation of compliance within the stipulated timeline.


The apex bank reiterates that Nigeria’s banking system remains stable and sound, stressing that the recapitalisation initiative will further strengthen banks’ capacity to support households, businesses and sustainable economic growth.

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