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CIS ELECTS OLUROPO DADA AS 13TH PRESIDENT

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The Chartered Institute of Stockbrokers (CIS) has elected Oluropo Dada as its 13th President and Chairman of the Governing Council.

Dada, the Institute’s former 1st Vice President, succeeded the erstwhile President, Oluwole Adeosun, whose tenure was characterised by many laudable achievements.

His election is in line with CIS seamless succession policy, and brand positioning.

Dada’s election was announced in a statement, signed by the Institute’s Registrar and Chief Executive , Josiah Akerewusi, after the Annual General Meeting (AGM) on Tuesday.

Under the new change of baton, the Institute’s 2nd Vice President, Fiona Ahimie, has also emerged the 1st Vice President.

By the Institute’s tradition, Dada shall be formerly decorated with the paraphernalia of office in a high profile event called investiture at a later date.

Oluropo Dada, is an accomplished stockbroker, consummate banker, and a Dealing Clerk of The Nigerian Exchange Limited (NGX). He is a Fellow of the Chartered Institute of Stockbrokers (FCS) where he served as Second and First Vice President respectively. He is also a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB).

Dada graduated from Leeds Business School of Leeds Beckett University, United Kingdom where he obtained a Master’s Degree in Corporate Governance. Before this, he was at the University of Lagos between 1985 and 1988 where he obtained a Bachelor of Science Degree in Business Administration and later earned a Master in Business Administration (MBA)

He is also a member of the Chartered Institute for Securities and Investment (MCSI), United Kingdom as well as the Chartered Institute of Directors, (C-IOD), Nigeria. Dada was a former member of the Senior Management Staff of Marina International Bank Limited, which later merged with Access Bank Plc, where he doubled as Group Head,Capital Market Division, and General Manager/Chief Operating Officer of Marina Securities Limited, now part of Coronation Securities Limited.

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Plate number colours and what they indicate;

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Plate number colours and what they indicate;
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Plate number colours and what they indicate;

The plate number that is lettered in BLUE indicates a private owned vehicle.

While the RED lettered plate number indicates a vehicle used for commercial purpose.

Then the GREEN lettered plate number shows that the vehicle is government owned and is used by government officials.

Lastly, the BLACK lettered plate numbers are for members of the Armed Forces, that is, the Military/Paramilitary etc

So from the colour of a vehicle’s plate number, you can easily tell the purpose of the vehicle.

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PRESIDENT TINUBU CELEBRATES REVIVAL OF PORT HARCOURT REFINERY AND DIRECTS NNPC LIMITED TO PROMPTLY REACTIVATE WARRI AND KADUNA REFINERIES

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STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU CELEBRATES REVIVAL OF PORT HARCOURT REFINERY AND DIRECTS NNPC LIMITED TO PROMPTLY REACTIVATE WARRI AND KADUNA REFINERIES

President Bola Tinubu extends his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on November 26, 2024.

The President acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all our refineries and expresses gratitude to the African Export-Import Bank for its confidence in financing this critical project.

Furthermore, President Tinubu commends the leadership of NNPC Limited’s Group Chief Executive Officer, Mr. Mele Kyari, whose unwavering dedication and commitment were instrumental in overcoming challenges to achieve this milestone.

With the successful revival of the Port Harcourt refinery, President Tinubu urges NNPC Limited to expedite the scheduled reactivation of both the second Port Harcourt refinery and the Warri and Kaduna refineries.

These efforts will significantly enhance domestic production capacity alongside the contributions of privately-owned refineries and make our country a major energy hub, with the gas sector also enjoying unprecedented attention by the administration.

The President underscores his administration’s determination to repair the nation’s refineries, aiming to eradicate the disheartening perception of Nigeria as a major crude oil producer that lacks the ability to refine its own resources for domestic consumption.

Highlighting the values of patience, integrity, and accountability in the rebuilding of the nation’s infrastructure, President Tinubu calls upon individuals, institutions, and citizens entrusted with responsibilities to maintain focus and uphold trust in their service to the nation.

In alignment with the Renewed Hope Agenda

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In Nigeria, overtaking a military convoy is regulated by various laws and guidelines to ensure national security, public safety, and respect for the military.

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In Nigeria, overtaking a military convoy is regulated by various laws and guidelines to ensure national security, public safety, and respect for the military. Key laws and regulations include:

*Laws:*

1. *Traffic Act (Cap T13, LFN 2004)*: Prohibits reckless or dangerous driving, including overtaking military convoys.
2. *Highway Code (2004)*: Regulates driving behavior, including overtaking and interacting with military vehicles.
3. *Road Traffic Act (2012)*: Mandates caution when approaching or passing military convoys.

*Military Regulations:*

1. *Armed Forces Act (Cap A20, LFN 2004)*: Empowers military personnel to maintain order and security.
2. *Nigerian Army Act (Cap N45, LFN 2004)*: Regulates military operations, including convoy movements.

*Penalties:*

1. *Traffic Act*: Fines (up to ₦50,000) or imprisonment (up to 2 years) for reckless driving.
2. *Highway Code*: Fines (up to ₦20,000) or imprisonment (up to 1 year) for violating traffic regulations.
3. *Road Traffic Act*: Fines (up to ₦100,000) or imprisonment (up to 5 years) for endangering lives.

*Guidelines:*

1. *Nigerian Army Guidelines*: Prohibit civilians from overtaking military convoys.
2. *Federal Road Safety Corps (FRSC) Guidelines*: Advise caution when approaching military vehicles.

*Consequences:*

1. *Security risks*: Overtaking military convoys can compromise national security.
2. *Safety risks*: Endangers lives of civilians, military personnel, and other road users.
3. *Damage to property*: May result in damage to vehicles or infrastructure.

*Best Practices:*

1. Exercise caution when approaching military convoys.
2. Maintain safe distance (at least 50 meters).
3. Avoid overtaking or cutting off military vehicles.
4. Follow traffic rules and regulations.
5. Cooperate with military personnel and traffic authorities.

*Please note that laws and regulations may change, and it’s essential to consult relevant authorities or legal experts for up-to-date information.*

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