THISDAY

NIWA Denies Receiving Senate Query over N800m SecurityVo­te

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A leading financial services group in Nigeria, Investment One Financial Services, has launched its All Stars League initiative, in an effort to heighten interest in stock trading in Nigeria.

The All Stars League according to a statement made available by Investment One Services, is a gaming environ- ment where individual­s can interact with the Nigerian Stock Exchange (NSE) in near real time. It provides a platform for amateur traders to improve their skills and to compete for prizes, on a virtual investment simulator.

During the League, each trader begins with N10,000,000 in virtual cash and has a trading limit of N2,000,000 per day. The top 3 traders at the conclusion of the 3-month League will have their trading accounts funded with real money as a reward.

The Investment One All Stars League begins on April 16 and ends on June 30. Individual­s can sign up at www.bit.ly/visgame. Eromosele Abiodun

The National Inland Waterways Authority (NIWA) has said that contrary to some media reports, there was no time the Senate queried it over a N800 million security vote when it appeared before the Senate last Friday to defend its 2018 budget proposal.

NIWA, in a press statement signed by the General Manager, Corporate Affairs, Mr. Tayo Fadile, said in its entire budget defence, there was no single items that captured the issue of security adding that the publicatio­ns over the issue were false and misleading. The statement reads in parts, “the distinguis­hed Senators of the Marine Transport Committee in the Senate of the National Assembly were referring to the Council for Regulation of Freight Forwarding of Nigeria (CRFFN) and not National Inland Waterways Authority (NIWA) as erroneousl­y reported.

“The truth in respect of the story can be confirmed from the Chairman of the Senate Committee on Marine Transport, Senator Sani Yerima and the video tape of the proceeding­s can also be made available by the Clerk of the committee of Marine Transport of the Senate.”

“As a matter of fact, NIWA was the first agency to be attended to by the distinguis­hed senators, while the CRFFN was the last agency that the committee invited.

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