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Theresa May leaves EU summit still seeking Brexit reassurance

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British Prime Minister Theresa May left the EU summit on Friday exactly as she had arrived — promising talks to extract reassuring words from EU leaders to help her sell the Brexit deal back home.

In the intervening hours those leaders had expressed frustration with May’s “nebulous” strategy to get the withdrawal treaty past the House of Commons and insisted yet again that they will not renegotiate the text.

May nevertheless put a brave face on the apparent rebuff and set off back to London to restart plans to put the Brexit deal before parliament, just five days after she abandoned a scheduled vote in the face of mass opposition from her own MPs.

“There is work still to do and we will be holding talks in the coming days about how to obtain the further assurances that the UK parliament needs in order to be able to approve the deal,” she said.

It was not immediately clear which further talks she was referring to, as the EU leaders had cut a clause from a draft declaration that would have promised “further assurances” on the border issue.

 

“I have no mandate to organise any further negotiations,” said Donald Tusk, the summit host and president of the European Council, which represents EU leaders.

“We have to exclude any kind of reopening of negotiations on the withdrawal agreement but we will stay here in Brussels and I am always at Prime Minister May’s disposal,” he said.

– ‘Clarify and reassure’ –
European officials said no further EU summits are scheduled before January 21 — by which time May has said the deal will have gone to parliament — and the British leader has not requested one.

“There is an agreement, the only and best deal possible and we cannot renegotiate it. But we can clarify and reassure,” French President Emmanuel Macron said.

Instead, the Europeans called for more details from May as to how she intends to pass a withdrawal bill that, as it stands, is opposed by a clear majority of British lawmakers.

“The signals we heard yesterday were not particularly reassuring on Britain’s capacity to honour the commitments that were made,” Belgian Prime Minister Charles Michel said.

“So we will make sure to prepare for all scenarios and prepare also for a no-deal scenario.”

On Thursday, European Commission President Jean-Claude Juncker complained that the strategy to steer a deal agreed on November 25 into law was “nebulous and imprecise.”

Footage of the opening of Friday’s talks showed May in a tense head-to-head with Juncker and lip readers told media she said: “What did you call me? You called me nebulous. Yes you did.”

Irish Prime Minister Leo Varadkar told reporters that many EU leaders were concerned May was asking for concessions without being able to guarantee they would be enough to deliver the vote.

“That was a question that was asked by a lot of prime ministers: ‘Is what you’re asking for going to be enough?’ Because if it’s not enough there’s no point giving it,” he said.

But several other leaders defended May.

“She was very clear, very open about what she wants from us and we put it on paper,” Dutch Prime Minister Mark Rutte said.

Britain’s self-imposed deadline of January 21 to approve the deal is uncomfortably close to Brexit day on March 29, 2019 — and Europe is stepping up preparations for a no deal.

‘She left with less’ –
May had come to Brussels wounded by a confidence vote on Wednesday night, which she won but in which more than one-third of her Conservative party MPs voted to oust her.

Opposition to the deal in Britain is focused on a so-called “backstop” arrangement designed to keep the border with Ireland open unless and until a new UK-EU trade deal is signed.

May is seeking “legal and political assurances” that this will not keep Britain trapped indefinitely in an EU customs union.

But, while an early draft of the conclusions said the EU “stands ready to examine whether any further assurances can be provided”, this was removed from the final version.

“Colleagues were so exasperated that she left with less than she could have got,” a European source said. May nevertheless welcomed the short joint statement.

“As formal conclusions, these commitments have legal status and therefore should be welcomed,” she told reporters, but added: “MPs will require further assurances.”

Arlene Foster, leader of Northern Ireland’s hardline DUP made it clear that it would no longer prop up May’s wafer-thin Commons majority if she pushes on the with the plan.

“This is a difficulty of the Prime Minister’s own making. A deal was signed off which the Prime Minister should have known would not gain the support of Parliament,” she said.

 

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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