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City Matters 081

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CITYMATTERS.LONDON 05 - 18 September 2018 | Page 3 News Matters News Matters LOCAL FORCE IN THE FIRING LINE AFTER LAWSUIT IS FILED BY SERGEANT Cop to sue City Police after he was shot at in training drill A POLICE officer who was shot at with live rounds during a botched weapons training exercise is suing the City of London Police force for £250,000. Sergeant Robert Haughey claims he was left with post-traumatic stress disorder after being forced to dodge bullets that missed him by just inches during drills at the Connaught Army Barracks in Dover in 2015. Shattered The 47-year-old from Strood, Kent, said he realised the shooter was using live rounds instead of blanks when one of the bullets shattered a window above his head and he was forced to take cover. A blank is a type of firearm cartridge that contains gunpowder but no projectile. When fired, the blank makes a flash and an explosive sound. In a report in The Sun, Mr Haughey said the incident had left him unable to return to work. A court writ filed against City of London Police by Mr Haughey’s lawyer claims the police sergeant felt “panic and terror” during the incident and “suffered psychiatric injuries as a result”. City of London Police admits liability over the incident, but a settlement is yet to be reached with Mr Haughey. A City of London Police spokesman confirmed: “While participating in a firearms training exercise on 19 March 2015 at Connaught Barracks, Dover, Kent, a City of London Police officer discharged live rounds from a firearm that was supposed to be using imitation rounds. No one was struck by those discharged live rounds.” Training The spokesperson said that a review by the Health and Safety Executive ruled no further action should be taken, but that some officers received further training. A statement added: “There is an ongoing civil claim and as a result we will not be commenting on the specifics of the incident or individuals involved.” trade trip: Theresa May met with Nigerian President Buhari. Photo 10 Downing Street / Twitter May pledges £4bn to Africa post Brexit THERESA MAY has declared the City will play an “even greater role” in financing some of the fastest-growing African economies after Brexit, including Nigeria. The announcement was made in Lagos as part of a three-day trade mission to as many countries, and follows a pledge of £4billion in support when Britain leaves the EU in March 2019. UK-Nigeria trade totalled £4.2billion last year, and British companies including British Airways, GSK, Shell, Diageo, Unilever, and Standard Chartered have successful and longestablished operations in Nigeria, with some dating back to the 1930s. Indicative It has helped pave the way for 111 African companies to come to the UK to list on the London Stock Exchange. While in Nigeria, the Prime Minister announced that Aliko Dangote, the chairman of Dangote Cement, is preparing to list shares in his billion business in London next year, while Seplat’s 0million Eurobond was admitted for trading on 30 August. Secretary of state for international development, Penny Mordaunt, who accompanied Mrs May to Nigeria, South Africa and Kenya, said: “These exciting new African listings on the London Stock Exchange and first UK-Africa FinTech partnership are indicative of the City’s position as the world’s leading financial centre. “With the help of the City of London to raise capital and share expertise, Nigeria and other African nations can support their entrepreneurs to develop successful businesses, stimulate growth and create jobs. Supporting economic growth across Africa will in turn boost prosperity globally, which is in all our interests.” The formation of the UK-Africa FinTech partnership will use British expertise to support African entrepreneurs; improve access to financial services for consumers; and encourage new investment via the Department for International Trade’s existing FinTech Board. Meanwhile, a dedicated fund worth up to £2million will support Nigerian innovators as they turn their ideas into successful businesses. Benefits The UK’s Financial Conduct Authority and Central Bank of Nigeria have also agreed to explore the potential for deeper engagement and co-operation in developing the best possible regulatory frameworks to allow fintech to flourish in Nigeria. A statement from 10 Downing Street said that the announcements “highlight the mutual benefits” of closer financial co-operation to both the UK and Africa. It added: “It builds on the existing partnership between the London and Nigerian stock exchanges, and the recent visit of the Lord Mayor of London to Nigeria which has created momentum and willingness for closer partnerships. “It also highlights how the UK aims to be Africa’s financial partner of choice as we continue to help African nations to benefit from increased access to international finance, while investors benefit from access to new investment opportunities.”

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