Police say St Francis Catholic Church in Owo, Nigeria, was also attacked with explosives. AP
Police say St Francis Catholic Church in Owo, Nigeria, was also attacked with explosives. AP
Police say St Francis Catholic Church in Owo, Nigeria, was also attacked with explosives. AP
Police say St Francis Catholic Church in Owo, Nigeria, was also attacked with explosives. AP

Nigeria church attack: at least 50 killed in massacre


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At least 50 people, including women and children, were killed by gunmen who attacked a Catholic church in Nigeria during Mass on Sunday, a hospital doctor and media reports said.

People were shot inside and outside St Francis Catholic Church in the town of Owo, in the south-west of the country, said Funmilayo Odunlami, police spokeswoman for Ondo state.

Police are investigating the cause of the attack, she said.

Ms Odunlami said the church was also attacked with explosives.

“It is still premature to say exactly how many people were killed. But many worshippers lost their lives while others were injured in the attack,” she told AFP.

Ondo Governor Oluwarotimi Akeredolu, who visited the scene and wounded people in hospital, described Sunday's incident as “a great massacre” that should not be allowed to happen again, Reuters reported.

The identity and motive of the attackers was not immediately clear.

Rev Augustine Ikwu, Catholic Church spokesman in Nigeria, said it was “so sad that while the Holy Mass was going on, unknown gunmen attacked St Francis Catholic Church … leaving many feared dead and many others injured, and the Church violated”.

Mr Ikwu said the bishop and priests from the parish had survived the attack unharmed.

A doctor at a hospital in Owo told Reuters that at least 50 bodies had been brought to two hospitals in the town. The doctor also said there was a need for blood donations to treat the wounded.

Security men guard Ondo Governor Oluwarotimi Akeredolu as he visits the victims of the attack. Reuters
Security men guard Ondo Governor Oluwarotimi Akeredolu as he visits the victims of the attack. Reuters

President Muhammadu Buhari condemned the attack, calling it “heinous”, while the Vatican said Pope Francis was praying for the victims who had been “painfully stricken in a moment of celebration”.

Nigeria is battling an insurgency in the north-east and armed gangs who carry out attacks and kidnappings for ransom, mostly in the north-west.

Pope Francis said in a statement he had learned of the "death of dozens of faithful", many children, during the celebration of the Christian holiday of the Pentecost.

"While the details of the incident are being clarified, Pope Francis prays for the victims and for the country," he said.

The UAE strongly condemned the attack, with the Ministry of Foreign Affairs and International Co-operation affirming the country's strong denunciation of these criminal acts and its permanent rejection of all forms of violence and terrorism aimed at destabilising security in contravention of humanitarian values and principles.

The ministry also expressed its sympathy and sincere condolences to the Nigerian government and people, and to the families of the victims and wished a speedy recovery to the wounded.

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Winner: AF Lewaa, Bernardo Pinheiro, Qaiss Aboud.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

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Updated: June 06, 2022, 10:09 AM`