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  •  African Export Import Bank Afreximbank has disbursed 150 million dollars to First Bank of Nigeria Ltd under it s Pandemic Trade Impact Mitigation Facility PATIMFA Group Head Marketing and Corporate Communications FirstBank Mrs Folake Ani Mumuney said this in a statement on Monday in Lagos According to the statement the President and Chairman of the Board of Directors of Afreximbank Prof Benedict Oramah said the disbursement was a further proof of the relevance of the programme in helping African economies to recover from the crisis induced by the COVID 19 pandemic Since April 2020 when PATIMFA was launched we are more than proud to have disbursed more than 7 billion dollars to help Afreximbank member countries manage the adverse impact of the financial economic and health shocks caused by the COVID 19 pandemic Through First Bank one of our trade finance intermediaries this 150 million dollar facility will help build the resilience of many businesses to the adverse impacts of the pandemic while helping them overcome the consequences of the current Ukraine crisis Oramah said Dr Adesola Adeduntan FirstBank s CEO commended Afreximbank for the impactful financial support We commend Afreximbank for this impactful financial response It will immensely contribute to empowering many businesses adversely impacted by the economic shocks caused by COVID 19 The selection of FirstBank as a partner in this initiative is a testament to their confidence in our capacity and proven track record over the years As a bank that has been woven into the fabric of our society for over 128 years We remain committed to the success of businesses in our host communities and ensuring they are given the needed boost to sustain their operations and further drive economic growth in the nation he said The statement said the Afreximbank s 150 million dollar support would be accessible to FirstBank customers involved in manufacturing and importation of products and equipment required to combat the COVID 19 pandemic It will also be accessible to organisations with initiatives to rehabilitate hospitals and strengthen diagnostic and testing capacity It added that proceeds of the facility would help beneficiary businesses manage the impacts of the Ukraine crisis Source NAN
    FirstBank gets 0m from Afreximbank to support businesses
     African Export Import Bank Afreximbank has disbursed 150 million dollars to First Bank of Nigeria Ltd under it s Pandemic Trade Impact Mitigation Facility PATIMFA Group Head Marketing and Corporate Communications FirstBank Mrs Folake Ani Mumuney said this in a statement on Monday in Lagos According to the statement the President and Chairman of the Board of Directors of Afreximbank Prof Benedict Oramah said the disbursement was a further proof of the relevance of the programme in helping African economies to recover from the crisis induced by the COVID 19 pandemic Since April 2020 when PATIMFA was launched we are more than proud to have disbursed more than 7 billion dollars to help Afreximbank member countries manage the adverse impact of the financial economic and health shocks caused by the COVID 19 pandemic Through First Bank one of our trade finance intermediaries this 150 million dollar facility will help build the resilience of many businesses to the adverse impacts of the pandemic while helping them overcome the consequences of the current Ukraine crisis Oramah said Dr Adesola Adeduntan FirstBank s CEO commended Afreximbank for the impactful financial support We commend Afreximbank for this impactful financial response It will immensely contribute to empowering many businesses adversely impacted by the economic shocks caused by COVID 19 The selection of FirstBank as a partner in this initiative is a testament to their confidence in our capacity and proven track record over the years As a bank that has been woven into the fabric of our society for over 128 years We remain committed to the success of businesses in our host communities and ensuring they are given the needed boost to sustain their operations and further drive economic growth in the nation he said The statement said the Afreximbank s 150 million dollar support would be accessible to FirstBank customers involved in manufacturing and importation of products and equipment required to combat the COVID 19 pandemic It will also be accessible to organisations with initiatives to rehabilitate hospitals and strengthen diagnostic and testing capacity It added that proceeds of the facility would help beneficiary businesses manage the impacts of the Ukraine crisis Source NAN
    FirstBank gets 0m from Afreximbank to support businesses
    Economy6 months ago

    FirstBank gets $150m from Afreximbank to support businesses

    African Export Import Bank (Afreximbank) has disbursed 150 million dollars to First Bank of Nigeria Ltd., under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA).

    Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, said this in a statement on Monday in Lagos.

    According to the statement, the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said the disbursement was a further proof of the relevance of the programme in helping African economies to recover from the crisis induced by the COVID-19 pandemic.

    “Since April 2020, when PATIMFA was launched, we are more than proud to have disbursed more than 7 billion dollars to help Afreximbank member countries manage the adverse impact of the financial, economic and health shocks caused by the COVID-19 pandemic.

    “Through First Bank, one of our trade finance intermediaries, this 150 million dollar facility will help build the resilience of many businesses to the adverse impacts of the pandemic, while helping them overcome the consequences of the current Ukraine crisis,” Oramah said.

    Dr Adesola Adeduntan, FirstBank’s CEO, commended Afreximbank for the impactful financial support.

    “We commend Afreximbank for this impactful financial response, It will immensely contribute to empowering many businesses adversely impacted by the economic shocks caused by COVID-19.

    “The selection of FirstBank as a partner in this initiative is a testament to their confidence in our capacity and proven track record over the years.

    “As a bank that has been woven into the fabric of our society for over 128 years.

    “We remain committed to the success of businesses in our host communities and ensuring they are given the needed boost to sustain their operations and further drive economic growth in the nation,” he said.

    The statement said the Afreximbank’s 150 million dollar support would be accessible to FirstBank customers involved in manufacturing and importation of products and equipment required to combat the COVID-19 pandemic.

    It will also be accessible to organisations with initiatives to rehabilitate hospitals and strengthen diagnostic and testing capacity.

    It added that proceeds of the facility would help beneficiary businesses manage the impacts of the Ukraine crisis.

    Source: NAN

  •  The Israeli government says it is committed to investing in youth innovative and research programmes in Nigeria to promote technological advancement Mr Michael Freeman Israeli Ambassador to Nigeria made this known on Wednesday in Abuja in his address at the graduation ceremony of Innovative Fellowship for Aspiring Inventors and Researchers i FAIR 2 programme Freeman was represented at the event by Mr Yotam Kreiman Deputy Chief of Mission and Consul Embassy of Israel in Nigeria I FAIR 2 was organised by the Embassy in collaboration with the Office of the Vice President Skill G Ltd Gregory University and DeNovo being private sector based organisations Freeman said From i FAIR 1 in 2021 and approach of Israeli Embassy that we have here on knowledge sharing startups innovations and technologies in emerging context in general and in Nigeria in particular We have seen from the video presentations what i FAIR is it is an 8 month accelerator programme for startups in specific fields that were chosen between the embassy and the Office of the Vice President Unlike other programmes from the exhibition our graduates really finished with the prototype of their products in their hands and ready to show it to investors and other companies He further expressed appreciation to partners of the i FAIR programme for the success achieved in the completion of i FAIR 2 since its commencement in November 2021 Speaking at the event Prof Gregory Ibe the Managing Skill G Nigeria Ltd congratulated the graduants and urged them to harness the skills they acquired and products invented to boost growth of the i FAIR project Ibe who is also the of Gregory University Uturu in Abia State was represented by former Vice President of ECOWAS Mr Edward Singhatey The products that you have seen are the successful ones you do not see the 99 unsuccessful ones So it will be a journey that you will have to undertake but do not get discouraged if at all your products do not hit the market immediately You have got an array of tremendous products from toys that can develop the creative mind of young children to contraptions that can pound Ginger in a natural way Ibe stated He added To the innovations in the medical fields like the chest metre the photo therapy among so many others it was a joy and a privilege to listen to you pitch your inventions yesterday I sincerely hope that this will be the first step in a journey that will take you to higher heights It is only a matter of time before one of your products or one of the batches in this i FAIR will hit the market and go international Also speaking Mr Avi Ostfeld Founder of Makelab advised the graduates of the programme to remain focused to achieve their desired goals in life The potential of the people is here now we need motivation Motivation sometimes is tricky but usually you have it Every one of us wants to move forward to success on personal and country level So the motivation is here sometimes we need to help it a bit with self confidence but in general we have the people and we have motivation Ostfeld said Meanwhile Mr Olukokun Opeyemi Manager of Thinkbikes organisation who spoke on behalf of the programme expressed appreciation to the organisers for the benefits derived from i FAIR 2 Opeyemi said Our mission is to provide last man transportation for small businesses and this will be the most affordable so far N3 or less can get you 50km range I want to thank the State of Israel for this initiative that has helped a number of us we are so grateful I heard about the innovation centre for a while but when I got here I knew I was not dreaming at all I need to read the book Think big again Without i FAIR we would not have been here The News Agency of Nigeria reports that i FAIR is a platform and acronym for Innovation start up programme for aspiring Nigerian Inventors and Researchers NAN
    Israel to boost support for youth innovative programme in Nigeria
     The Israeli government says it is committed to investing in youth innovative and research programmes in Nigeria to promote technological advancement Mr Michael Freeman Israeli Ambassador to Nigeria made this known on Wednesday in Abuja in his address at the graduation ceremony of Innovative Fellowship for Aspiring Inventors and Researchers i FAIR 2 programme Freeman was represented at the event by Mr Yotam Kreiman Deputy Chief of Mission and Consul Embassy of Israel in Nigeria I FAIR 2 was organised by the Embassy in collaboration with the Office of the Vice President Skill G Ltd Gregory University and DeNovo being private sector based organisations Freeman said From i FAIR 1 in 2021 and approach of Israeli Embassy that we have here on knowledge sharing startups innovations and technologies in emerging context in general and in Nigeria in particular We have seen from the video presentations what i FAIR is it is an 8 month accelerator programme for startups in specific fields that were chosen between the embassy and the Office of the Vice President Unlike other programmes from the exhibition our graduates really finished with the prototype of their products in their hands and ready to show it to investors and other companies He further expressed appreciation to partners of the i FAIR programme for the success achieved in the completion of i FAIR 2 since its commencement in November 2021 Speaking at the event Prof Gregory Ibe the Managing Skill G Nigeria Ltd congratulated the graduants and urged them to harness the skills they acquired and products invented to boost growth of the i FAIR project Ibe who is also the of Gregory University Uturu in Abia State was represented by former Vice President of ECOWAS Mr Edward Singhatey The products that you have seen are the successful ones you do not see the 99 unsuccessful ones So it will be a journey that you will have to undertake but do not get discouraged if at all your products do not hit the market immediately You have got an array of tremendous products from toys that can develop the creative mind of young children to contraptions that can pound Ginger in a natural way Ibe stated He added To the innovations in the medical fields like the chest metre the photo therapy among so many others it was a joy and a privilege to listen to you pitch your inventions yesterday I sincerely hope that this will be the first step in a journey that will take you to higher heights It is only a matter of time before one of your products or one of the batches in this i FAIR will hit the market and go international Also speaking Mr Avi Ostfeld Founder of Makelab advised the graduates of the programme to remain focused to achieve their desired goals in life The potential of the people is here now we need motivation Motivation sometimes is tricky but usually you have it Every one of us wants to move forward to success on personal and country level So the motivation is here sometimes we need to help it a bit with self confidence but in general we have the people and we have motivation Ostfeld said Meanwhile Mr Olukokun Opeyemi Manager of Thinkbikes organisation who spoke on behalf of the programme expressed appreciation to the organisers for the benefits derived from i FAIR 2 Opeyemi said Our mission is to provide last man transportation for small businesses and this will be the most affordable so far N3 or less can get you 50km range I want to thank the State of Israel for this initiative that has helped a number of us we are so grateful I heard about the innovation centre for a while but when I got here I knew I was not dreaming at all I need to read the book Think big again Without i FAIR we would not have been here The News Agency of Nigeria reports that i FAIR is a platform and acronym for Innovation start up programme for aspiring Nigerian Inventors and Researchers NAN
    Israel to boost support for youth innovative programme in Nigeria
    Foreign6 months ago

    Israel to boost support for youth innovative programme in Nigeria

    The Israeli government says it is committed to investing in youth innovative and research programmes in Nigeria to promote technological advancement.

    Mr Michael Freeman, Israeli Ambassador to Nigeria, made this known on Wednesday in Abuja, in his address at the graduation ceremony of Innovative Fellowship for Aspiring Inventors and Researchers (i-FAIR-2) programme,.

    Freeman was represented at the event by Mr Yotam Kreiman, Deputy Chief of Mission and Consul, Embassy of Israel in Nigeria.

    I-FAIR-2 was organised by the Embassy, in collaboration with the Office of the Vice President, Skill G Ltd., Gregory University and DeNovo, being  private sector-based organisations.

    Freeman said: “From i-FAIR-1 in 2021 and approach of Israeli Embassy that we have here on knowledge sharing, startups, innovations and technologies in emerging context in general and in Nigeria, in particular.

    “We have seen from the video presentations what i-FAIR is; it is an 8-month accelerator programme for startups in specific fields that were chosen between the embassy and the Office of the Vice President.

    “Unlike other programmes, from the exhibition, our graduates really finished with the prototype of their products in their hands and ready to show it to investors and other companies.”

    He further expressed appreciation to partners of the i-FAIR programme for the success achieved in the completion of i-FAIR-2, since its commencement in November 2021.

    Speaking at the event, Prof. Gregory Ibe, the Managing , Skill “G” Nigeria Ltd, congratulated the graduants and urged them to harness the skills they acquired and products invented, to boost growth of the i-FAIR project.

    Ibe, who is also the of Gregory University, Uturu, in Abia State, was represented by former Vice President of ECOWAS, Mr Edward Singhatey.

    “The  products that you have seen are the successful ones, you do not see the 99 unsuccessful ones.

    “So, it will be a journey that you will have to undertake, but do not get discouraged, if at all your products do not hit the market immediately.

    “You have got an array of tremendous products from toys that can develop the creative mind of young children, to contraptions that can pound Ginger in a natural way,” Ibe stated.

    He added: “To the innovations in the medical fields like the chest-metre, the photo-therapy, among so many others; it was a joy and a privilege to listen to you pitch your inventions yesterday.

    “I sincerely hope that this will be the first step in a journey that will take you to higher heights.

    “It is only a matter of time before one of your products or one of the batches in this i-FAIR will hit the market and go international.”

    Also speaking, Mr Avi Ostfeld, Founder of Makelab, advised the graduates of the programme to remain focused to achieve their desired goals in life.

    “The potential of the people is here, now we need motivation. Motivation sometimes is tricky, but usually you have it.

    “Every one of us wants to move forward to success on personal and country level.

    “So the motivation is here, sometimes we need to help it a bit with self-confidence, but in general we have the people and we have motivation,” Ostfeld  said.

    Meanwhile, Mr Olukokun Opeyemi, Manager of Thinkbikes organisation, who spoke on behalf of the programme, expressed appreciation to the organisers for the benefits derived from i-FAIR-2.

    Opeyemi said: “Our mission is to provide last man transportation for small businesses and this will be the most affordable so far, N3 or less can get you 50km range.

    “I want to thank the State of Israel for this initiative that has helped a number of us, we are so grateful.

    “I heard about the innovation centre for a while, but when I got here, I knew I was not dreaming at all; I need to read the book Think big again. Without i=FAIR we would not have been here.”

    The News Agency of Nigeria reports that i-FAIR is a platform and acronym for Innovation start-up programme for aspiring Nigerian Inventors and Researchers. (

    (NAN)

  •  First Bank of Nigeria Ltd says creation of wealth for the unbanked and improving their standards of living will continue to be its major focus aimed at driving financial inclusion The Managing Director FirstBank Dr Adesola Adeduntan said this in a statement on Tuesday in Lagos Adeduntan said this during the inauguration of the Institute of Chartered Acountants of Nigeria ICAN Entrepreneurship Development Centre EDC situated at Amuwo Odofin Lagos He said that the bank would leverage digital offerings to drive financial inclusion to reach out to the unbanked in society Adeduntan however expressed excitement at the birthing of the project He added that ICAN is widely acclaimed for supporting national capacity building and economic self reliance by raising and training astute accounting professionals working tall within and outside the borders of this country Adeduntan who was represented at the event by the bank s Chief Financial Officer Mr Patrick Iyamabo said that FirstBank being a foremost financial institution on the continent was an ardent proponent of raising and nurturing professionals across all fields For over 128 years of FirstBank s continuous unbroken operations many more economic cycles industry transformations whilst reinventing itself many more times than any financial institution on the continent We continue to demonstrate affinity for technological advancements and by our suites progress movement from traditional brick and mortar banking to digital banking We see our drive into digital banking as a call to mission building as we continue to leverage our digital offerings to drive financial inclusion and create wealth for the erstwhile unbanked We will not rest our oars in the pursuit for sustainable social economic and environmental growth across all spheres of the economy Our business footprint cris crosses Nigeria Francophone and anglophone Sub Saharan Africa Europe and Asia Our community development initiatives are anchored on the strategic tripod of education health and welfare Our engagement in sustainable practices is premised on enhancing economic development and ensuring economic stability for present and future generations Adeduntan said The President of ICAN Mrs Comfort Eyitayo was quoted by the statement as commending the bank for the joint collaboration in the project Eyitayo said the EDC was a conscious and deliberate effort to drastically reduce the number of unemployed accountants and other participating public The ICAN EDC is envisioned to provide practical and world class capacity building programmes in the areas of professional practice and fintech with a potential of expansion into production activities she said Eyitayo said the ICAN EDC was an outcome of the passion of the Institute to be part of the solution to the deeplyningrained and worrisome unemployment statistics in the country It is our conscious and deliberate effort to drastically reduce the number of Chartered Accountants and other participating members of the public that may be part of the discouraging unemployment figure Entrepreneurship is now a globally acknowledged model for meeting the growing needs for financial self reliance and freedom It is proven to improve the standard of living of the segment of the population who may either by choice or due to economic downturn not be able to secure paid employment The direct and indirect consequences of unemployment or underemployment in any economy can be telling Unemployment is a socio economic challenge of great concern not just for the government of a nation but other stakeholders in the economy she said NAN
    FirstBank restates commitment to unbanked population through digital offerings
     First Bank of Nigeria Ltd says creation of wealth for the unbanked and improving their standards of living will continue to be its major focus aimed at driving financial inclusion The Managing Director FirstBank Dr Adesola Adeduntan said this in a statement on Tuesday in Lagos Adeduntan said this during the inauguration of the Institute of Chartered Acountants of Nigeria ICAN Entrepreneurship Development Centre EDC situated at Amuwo Odofin Lagos He said that the bank would leverage digital offerings to drive financial inclusion to reach out to the unbanked in society Adeduntan however expressed excitement at the birthing of the project He added that ICAN is widely acclaimed for supporting national capacity building and economic self reliance by raising and training astute accounting professionals working tall within and outside the borders of this country Adeduntan who was represented at the event by the bank s Chief Financial Officer Mr Patrick Iyamabo said that FirstBank being a foremost financial institution on the continent was an ardent proponent of raising and nurturing professionals across all fields For over 128 years of FirstBank s continuous unbroken operations many more economic cycles industry transformations whilst reinventing itself many more times than any financial institution on the continent We continue to demonstrate affinity for technological advancements and by our suites progress movement from traditional brick and mortar banking to digital banking We see our drive into digital banking as a call to mission building as we continue to leverage our digital offerings to drive financial inclusion and create wealth for the erstwhile unbanked We will not rest our oars in the pursuit for sustainable social economic and environmental growth across all spheres of the economy Our business footprint cris crosses Nigeria Francophone and anglophone Sub Saharan Africa Europe and Asia Our community development initiatives are anchored on the strategic tripod of education health and welfare Our engagement in sustainable practices is premised on enhancing economic development and ensuring economic stability for present and future generations Adeduntan said The President of ICAN Mrs Comfort Eyitayo was quoted by the statement as commending the bank for the joint collaboration in the project Eyitayo said the EDC was a conscious and deliberate effort to drastically reduce the number of unemployed accountants and other participating public The ICAN EDC is envisioned to provide practical and world class capacity building programmes in the areas of professional practice and fintech with a potential of expansion into production activities she said Eyitayo said the ICAN EDC was an outcome of the passion of the Institute to be part of the solution to the deeplyningrained and worrisome unemployment statistics in the country It is our conscious and deliberate effort to drastically reduce the number of Chartered Accountants and other participating members of the public that may be part of the discouraging unemployment figure Entrepreneurship is now a globally acknowledged model for meeting the growing needs for financial self reliance and freedom It is proven to improve the standard of living of the segment of the population who may either by choice or due to economic downturn not be able to secure paid employment The direct and indirect consequences of unemployment or underemployment in any economy can be telling Unemployment is a socio economic challenge of great concern not just for the government of a nation but other stakeholders in the economy she said NAN
    FirstBank restates commitment to unbanked population through digital offerings
    Economy6 months ago

    FirstBank restates commitment to unbanked population through digital offerings

    First Bank of Nigeria Ltd. says creation of wealth for the unbanked and improving their standards of living will continue to be its major focus aimed at driving financial inclusion.

    The Managing Director, FirstBank, Dr Adesola Adeduntan, said this in a statement on Tuesday in Lagos.

    Adeduntan said this during the inauguration of the Institute of Chartered Acountants of Nigeria (ICAN) Entrepreneurship Development Centre (EDC) situated at Amuwo-Odofin, Lagos.

    He said that the bank would leverage digital offerings to drive financial inclusion to reach out to the unbanked in society.

    Adeduntan, however, expressed excitement at the birthing of the project.

    He added that ICAN is widely acclaimed for supporting national capacity building and economic self-reliance by raising and training astute accounting professionals working tall within and outside the borders of this country.

    Adeduntan, who was represented at the event by the bank’s Chief Financial Officer, Mr Patrick Iyamabo, said that FirstBank, being a foremost financial institution on the continent, was an ardent proponent of raising and nurturing professionals across all fields.

    “For over 128 years of FirstBank’s continuous unbroken operations, many more economic cycles, industry transformations whilst reinventing itself many more times than any financial institution on the continent.

    “We continue to demonstrate affinity for technological advancements, and by our suites progress movement from traditional brick and mortar banking to digital banking.

    “We see our drive into digital banking as a call to mission building, as we continue to leverage our digital offerings to drive financial inclusion and create wealth for the erstwhile unbanked.

    “We will not rest our oars in the pursuit for sustainable social, economic and environmental growth across all spheres of the economy. Our business footprint cris-crosses Nigeria, Francophone and anglophone Sub Saharan Africa, Europe and Asia.

    “Our community development initiatives are anchored on the strategic tripod of education, health, and welfare. Our engagement in sustainable practices is premised on enhancing economic development and ensuring economic stability for present and future generations,” Adeduntan said.

    The President of ICAN, Mrs Comfort Eyitayo, was quoted by the statement as commending the bank for the joint collaboration in the project.

    Eyitayo said the EDC was a conscious and deliberate effort to drastically reduce the number of unemployed accountants and other participating public.

    “The ICAN EDC is envisioned to provide practical and world class capacity building programmes in the areas of professional practice and fintech with a potential of expansion into production activities,” she said.

    Eyitayo said the ICAN-EDC was an outcome of the passion of the Institute to be part of the solution to the deeplyningrained and worrisome unemployment statistics in the country.

    “It is our conscious and deliberate effort to drastically reduce the number of Chartered Accountants, and other participating members of the public, that may be part of the discouraging unemployment figure.

    “Entrepreneurship is now a globally-acknowledged model for meeting the growing needs for financial self-reliance and freedom.

    “It is proven to improve the standard of living of the segment of the population who may, either by choice or due to economic downturn, not be able to secure paid employment.

    “The direct and indirect consequences of unemployment or underemployment in any economy can be telling.

    “Unemployment is a socio-economic challenge of great concern not just for the government of a nation, but other stakeholders in the economy,” she said.


    (NAN)

  •  A Federal High Court Abuja on Tuesday fixed Oct 12 for the arraignment of former Aviation Minster Stella Oduah and others by the Economic and Financial Crimes Commission EFCC Justice Inyang Ekwo fixed the date following a letter from the office of the Attorney General of the Federation AGF in response to a petition written by counsel to the 8th defendant in the suit Ogbu James SAN The News Agency of Nigeria reports that Onoja had on Nov 22 2021 raised objection to the defendants taking their plea informing that a petition had already been written to the AGF complaining that the defendants were just been persecuted as against prosecution The development prompted the court to adjourn to await a response from the AGF Justice Ekwo also on Feb 10 fixed today for report on the petition written to the AGF after the case was stalled Upon resumption of the matter counsel to the EFCC Hassan Liman SAN informed that the AGF had responded to the petition and given a nod for the matter to proceed The charge was filed on Dec 16 2020 Since then the plea of the defendants has not been taken he said Liman reminded that Onoja in one of the sittings drew the attention of the court to a petition he wrote to the AGF He said on Feb 10 when the matter came up he undertook to produce a letter from the AGF in response to the petition I confirm that the AGF has acknowledged the receipt of their letter and he has asked the court to proceed on the trial In view of the response by the AGF may I apply for a plea of the defendants to be taken he said But counsel to all the defendants including Onoja said they were unaware of the AGF s response The judge who said he was also yet to see the letter then directed Liman to avail the defence and the court with copies of the AGF letter After copies of the letter were given to all Justice Ekwo said he was unsatisfied with Paragraph 2 of the AGF letter I am not satisfied with the second paragraph of the letter he said Ekwo who said he would adjourn the matter so that the prosecution could resolve the issue completely with the AGF said this would help the court to know whether the trial could go on or be stopped He then fixes Oct 12 and Oct 13 for the trial NAN reports that Paragraph two of the letter dated May 6 and addressed to the EFCC chairman reads I am further directed to inform you that the Honourable Attorney General of the Federation is reviewing the case file and a decision will be communicated in due course Meanwhile you are to proceed with the prosecution of the case in court pending the decision of the Honourable Attorney General of the Federation Oduah who currently represents Anambra North Senatorial District at the National Assembly was expected to be arraigned by the EFCC on alleged N5 billion fraud and financial misappropriation other defendants in the charge marked 3162020 are Gloria Odita Nwosu Emmanuel Nnamdi and Chukwuma Irene Chinyere They also include Global Offshore and Marine Ltd Tip Top Global Resources Ltd Crystal Television Ltd Sobora International Ltd and China Civil Engineering Construction Corporation CCECC Nigeria Ltd They are being charged with conspiracy money laundering and maintaining anonymous bank accounts with a commercial bank They will be arraigned on 25 count NAN
    Alleged N5bn fraud: Court fixes Oct. 12 for arraignment of ex-aviation minister, others
     A Federal High Court Abuja on Tuesday fixed Oct 12 for the arraignment of former Aviation Minster Stella Oduah and others by the Economic and Financial Crimes Commission EFCC Justice Inyang Ekwo fixed the date following a letter from the office of the Attorney General of the Federation AGF in response to a petition written by counsel to the 8th defendant in the suit Ogbu James SAN The News Agency of Nigeria reports that Onoja had on Nov 22 2021 raised objection to the defendants taking their plea informing that a petition had already been written to the AGF complaining that the defendants were just been persecuted as against prosecution The development prompted the court to adjourn to await a response from the AGF Justice Ekwo also on Feb 10 fixed today for report on the petition written to the AGF after the case was stalled Upon resumption of the matter counsel to the EFCC Hassan Liman SAN informed that the AGF had responded to the petition and given a nod for the matter to proceed The charge was filed on Dec 16 2020 Since then the plea of the defendants has not been taken he said Liman reminded that Onoja in one of the sittings drew the attention of the court to a petition he wrote to the AGF He said on Feb 10 when the matter came up he undertook to produce a letter from the AGF in response to the petition I confirm that the AGF has acknowledged the receipt of their letter and he has asked the court to proceed on the trial In view of the response by the AGF may I apply for a plea of the defendants to be taken he said But counsel to all the defendants including Onoja said they were unaware of the AGF s response The judge who said he was also yet to see the letter then directed Liman to avail the defence and the court with copies of the AGF letter After copies of the letter were given to all Justice Ekwo said he was unsatisfied with Paragraph 2 of the AGF letter I am not satisfied with the second paragraph of the letter he said Ekwo who said he would adjourn the matter so that the prosecution could resolve the issue completely with the AGF said this would help the court to know whether the trial could go on or be stopped He then fixes Oct 12 and Oct 13 for the trial NAN reports that Paragraph two of the letter dated May 6 and addressed to the EFCC chairman reads I am further directed to inform you that the Honourable Attorney General of the Federation is reviewing the case file and a decision will be communicated in due course Meanwhile you are to proceed with the prosecution of the case in court pending the decision of the Honourable Attorney General of the Federation Oduah who currently represents Anambra North Senatorial District at the National Assembly was expected to be arraigned by the EFCC on alleged N5 billion fraud and financial misappropriation other defendants in the charge marked 3162020 are Gloria Odita Nwosu Emmanuel Nnamdi and Chukwuma Irene Chinyere They also include Global Offshore and Marine Ltd Tip Top Global Resources Ltd Crystal Television Ltd Sobora International Ltd and China Civil Engineering Construction Corporation CCECC Nigeria Ltd They are being charged with conspiracy money laundering and maintaining anonymous bank accounts with a commercial bank They will be arraigned on 25 count NAN
    Alleged N5bn fraud: Court fixes Oct. 12 for arraignment of ex-aviation minister, others
    General news7 months ago

    Alleged N5bn fraud: Court fixes Oct. 12 for arraignment of ex-aviation minister, others

    A Federal High Court, Abuja, on Tuesday, fixed Oct. 12 for the arraignment of former Aviation Minster, Stella Oduah and others by the Economic and Financial Crimes Commission (EFCC).

    Justice Inyang Ekwo fixed the date following a letter from the office of the Attorney-General of the Federation (AGF) in response to a petition. written by counsel to the 8th defendant in the suit, Ogbu James, SAN.

    The News Agency of Nigeria reports that Onoja had, on Nov. 22, 2021, raised objection to the defendants taking their plea, informing that a petition had already been written to the AGF, complaining that the defendants were just been persecuted as against prosecution.

    The development prompted the court to adjourn to await a response from the AGF.

    Justice Ekwo also, on Feb. 10, fixed today for report on the petition written to the AGF after the case was stalled.

    Upon resumption of the matter, counsel to the EFCC, Hassan Liman, SAN, informed that the AGF had responded to the petition and given a nod for the matter to proceed.

    “The charge was filed on Dec. 16, 2020. Since then, the plea of the defendants has not been taken,” he said.

    Liman reminded that Onoja in one of the sittings drew the attention of the court to a petition he wrote to the AGF.

    He said on Feb. 10 when the matter came up, he undertook to produce a letter from the AGF in response to the petition.

    “I confirm that the AGF has acknowledged the receipt of their letter and he has asked the court to proceed on the trial.

    “In view of the response by the AGF, may I apply for a plea of the defendants to be taken,” he said.

    But counsel to all the defendants, including Onoja, said they were unaware of the AGF’s response.

    The judge, who said he was also yet to see the letter, then directed Liman to avail the defence and the court with copies of the AGF letter.

    After copies of the letter were given to all, Justice Ekwo said he was unsatisfied with Paragraph 2 of the AGF letter.

    “I am not satisfied with the second paragraph of the letter,” he said.

    Ekwo, who said he would adjourn the matter so that the prosecution could resolve the issue completely with the AGF, said this would help the court to know whether the trial could go on or be stopped.

    He then fixes Oct. 12 and Oct. 13 for the trial.

    NAN reports that Paragraph two of the letter dated May 6 and addressed to the EFCC chairman reads: “I am further directed to inform you that the Honourable Attorney General of the Federation is reviewing the case file and a decision will be communicated in due course.

    “Meanwhile, you are to proceed with the prosecution of the case in court pending the decision of the Honourable Attorney General of the Federation.”

    Oduah, who currently represents Anambra North Senatorial District at the National Assembly, was expected to be arraigned by the EFCC on alleged N5 billion fraud and financial misappropriation

    other defendants in the charge, marked: 3162020, are Gloria Odita, Nwosu Emmanuel Nnamdi and Chukwuma Irene Chinyere.

    They also include Global Offshore and Marine Ltd, Tip Top Global Resources Ltd, Crystal Television Ltd, Sobora International Ltd and China Civil Engineering Construction Corporation (CCECC) Nigeria Ltd.

    They are being charged with conspiracy, money laundering and maintaining anonymous bank accounts with a commercial bank.

    They will be arraigned on 25-count

    (NAN)

  •  Roger Brown Chief Executive Officer CEO Seplat Energy Plc says the completion of the company s Assa North Ohaji South ANOH project in Imo State will positively boost the supply chain in the oil and gas industry of the nation Brown told reporters on the sidelines of the 2022 Offshore Technology Conference that just concluded in Houston Texas United States on Thursday The CEO who spoke about the progress made so far on the ANOH project described it as a game changer for the company as well as for the oil and gas industry According to him the 300 million standard cubic feet per day mmscfd gas project will be operational next year compared to the previous initial target of the first half of 2022 He said The ANOH is a game changer in terms of gas business By the middle of next year the project will be underway The first gas is being delayed because one of the connecting pipelines is being delayed due to supply chain issues to get the steel pipes from China However it is a temporary problem For us the 300 gas plant is material and will do the processing of dry gas that will be supplied to industrial customers The ANOH field which is one of the largest onshore fields in Nigeria is a condensate rich field The liquid is in two deposits but one of them in particular is rich in it Brown however said there will be almost 10 000 a day of condensate production when the company starts production He said We will get 50 percent of the production from the ANOH gas plant We are going to have 50 percent of the 300 million standard cubic feet per day of gas which is 150 of processed gas plus 10 000 per day of production in condensate According to him Seplat as a company will reinforce its gas credentials in the country We will become one of the largest gas processing companies alongside the Nigerian government It s a very important part of our business model to offer that We started investing in gas in 2012 when we bought the first assets from Shell Gasoline was worthless then it was a headache Brown added He said that the company s operations over the years had become commercial in the country especially with the supply of domestic gas He said It is a good business opportunity and the ANOH gas plant will increase and grow quite dramatically We strongly believe in domestic gas we also believe in Nigerian liquefied natural gas NLNG for export But for all that is exported it will be bad for Nigeria We need to develop more domestic gas because the price of diesel in the country is crazy The average Nigerian is spending a lot on power electricity diesel and PMS gasoline generators It is holding the country back enormously It is very polluting noisy and very expensive It is five times more expensive than gas and it is not creating jobs in the country because companies cannot afford to operate with fuel ANOH will create enormous value for the country We work with the government we would love for its completion to be faster NAN reports that the ANOH plant project is one of the federal government s seven critical gas development projects of 2018 and one of the most strategic gas projects in Nigeria It will process gas captured from the Seplat onshore oil block under oil mining lease OML 53 in Imo state The project is being built by ANOH Gas Processing Company Ltd AGPC an incorporated joint venture IJV owned equally 50 percent each between Seplat and Nigerian Gas Company NGC which is an arm of Nigerian National Oil Company Ltd NNPC Seplat and NGC previously provided a combined 420 million equity financing and the project is now fully funded In January 2021 Seplat raised 260 million provided by a consortium of seven banks Stanbic IBTC Bank Plc advisor United Bank for Africa Plc Zenith Bank Plc FirstRand Bank Ltd London Branch RMB Nigeria Ltd Mauritius Commercial Bank Ltd Union Bank of Nigeria Plc and FCMB Capital Markets Ltd The construction cost of the plant is estimated at 650 million dollars The two interested parties which include Seplat and NGC previously provided combined equity financing of 420 million AGPC s construction cost was reduced to 650 million including financing costs and taxes as a result of the cost optimization program significantly less than the original projected cost of 700 million Seplat is a supplier of natural gas to Nigeria s energy sector supplying around 30 percent of the gas used for electricity generation I NAN
    ANOH project game changer for Seplat, oil, gas industry, says Seplat CEO
     Roger Brown Chief Executive Officer CEO Seplat Energy Plc says the completion of the company s Assa North Ohaji South ANOH project in Imo State will positively boost the supply chain in the oil and gas industry of the nation Brown told reporters on the sidelines of the 2022 Offshore Technology Conference that just concluded in Houston Texas United States on Thursday The CEO who spoke about the progress made so far on the ANOH project described it as a game changer for the company as well as for the oil and gas industry According to him the 300 million standard cubic feet per day mmscfd gas project will be operational next year compared to the previous initial target of the first half of 2022 He said The ANOH is a game changer in terms of gas business By the middle of next year the project will be underway The first gas is being delayed because one of the connecting pipelines is being delayed due to supply chain issues to get the steel pipes from China However it is a temporary problem For us the 300 gas plant is material and will do the processing of dry gas that will be supplied to industrial customers The ANOH field which is one of the largest onshore fields in Nigeria is a condensate rich field The liquid is in two deposits but one of them in particular is rich in it Brown however said there will be almost 10 000 a day of condensate production when the company starts production He said We will get 50 percent of the production from the ANOH gas plant We are going to have 50 percent of the 300 million standard cubic feet per day of gas which is 150 of processed gas plus 10 000 per day of production in condensate According to him Seplat as a company will reinforce its gas credentials in the country We will become one of the largest gas processing companies alongside the Nigerian government It s a very important part of our business model to offer that We started investing in gas in 2012 when we bought the first assets from Shell Gasoline was worthless then it was a headache Brown added He said that the company s operations over the years had become commercial in the country especially with the supply of domestic gas He said It is a good business opportunity and the ANOH gas plant will increase and grow quite dramatically We strongly believe in domestic gas we also believe in Nigerian liquefied natural gas NLNG for export But for all that is exported it will be bad for Nigeria We need to develop more domestic gas because the price of diesel in the country is crazy The average Nigerian is spending a lot on power electricity diesel and PMS gasoline generators It is holding the country back enormously It is very polluting noisy and very expensive It is five times more expensive than gas and it is not creating jobs in the country because companies cannot afford to operate with fuel ANOH will create enormous value for the country We work with the government we would love for its completion to be faster NAN reports that the ANOH plant project is one of the federal government s seven critical gas development projects of 2018 and one of the most strategic gas projects in Nigeria It will process gas captured from the Seplat onshore oil block under oil mining lease OML 53 in Imo state The project is being built by ANOH Gas Processing Company Ltd AGPC an incorporated joint venture IJV owned equally 50 percent each between Seplat and Nigerian Gas Company NGC which is an arm of Nigerian National Oil Company Ltd NNPC Seplat and NGC previously provided a combined 420 million equity financing and the project is now fully funded In January 2021 Seplat raised 260 million provided by a consortium of seven banks Stanbic IBTC Bank Plc advisor United Bank for Africa Plc Zenith Bank Plc FirstRand Bank Ltd London Branch RMB Nigeria Ltd Mauritius Commercial Bank Ltd Union Bank of Nigeria Plc and FCMB Capital Markets Ltd The construction cost of the plant is estimated at 650 million dollars The two interested parties which include Seplat and NGC previously provided combined equity financing of 420 million AGPC s construction cost was reduced to 650 million including financing costs and taxes as a result of the cost optimization program significantly less than the original projected cost of 700 million Seplat is a supplier of natural gas to Nigeria s energy sector supplying around 30 percent of the gas used for electricity generation I NAN
    ANOH project game changer for Seplat, oil, gas industry, says Seplat CEO
    General news7 months ago

    ANOH project game changer for Seplat, oil, gas industry, says Seplat CEO

    Roger Brown, Chief Executive Officer (CEO), Seplat Energy Plc, says the completion of the company's Assa North-Ohaji South (ANOH) project in Imo State will positively boost the supply chain in the oil and gas industry of the nation.

    Brown told reporters on the sidelines of the 2022 Offshore Technology Conference that just concluded in Houston, Texas, United States on Thursday.

    The CEO who spoke about the progress made so far on the ANOH project, described it as a game changer for the company as well as for the oil and gas industry.

    According to him, the 300 million standard cubic feet per day (mmscfd) gas project will be operational next year compared to the previous initial target of the first half of 2022.

    He said: “The ANOH is a game changer in terms of gas business. By the middle of next year, the project will be underway.

    “The first gas is being delayed because one of the connecting pipelines is being delayed due to supply chain issues to get the steel pipes from China. However, it is a temporary problem.

    “For us, the 300 gas plant is material and will do the processing of dry gas that will be supplied to industrial customers.

    “The ANOH field, which is one of the largest onshore fields in Nigeria, is a condensate-rich field. The liquid is in two deposits, but one of them in particular is rich in it.

    Brown, however, said there will be almost 10,000 a day of condensate production when the company starts production.

    He said: “We will get 50 percent of the production from the ANOH gas plant.

    "We are going to have 50 percent of the 300 million standard cubic feet per day of gas, which is 150 of processed gas, plus 10,000 per day of production in condensate."

    According to him, Seplat as a company will reinforce its gas credentials in the country.

    “We will become one of the largest gas processing companies alongside the Nigerian government.

    “It's a very important part of our business model to offer that.

    “We started investing in gas in 2012, when we bought the first assets from Shell. Gasoline was worthless then, it was a headache,” Brown added.

    He said that the company's operations over the years had become commercial in the country, especially with the supply of domestic gas.

    He said: “It is a good business opportunity and the ANOH gas plant will increase and grow quite dramatically.

    “We strongly believe in domestic gas, we also believe in Nigerian liquefied natural gas (NLNG) for export. But for all that is exported it will be bad for Nigeria.

    “We need to develop more domestic gas because the price of diesel in the country is crazy. The average Nigerian is spending a lot on power, electricity, diesel and PMS (gasoline) generators.

    “It is holding the country back enormously. It is very polluting, noisy and very expensive.

    “It is five times more expensive than gas and it is not creating jobs in the country because companies cannot afford to operate with fuel.

    “ANOH will create enormous value for the country. We work with the government, we would love for its completion to be faster”.

    NAN reports that the ANOH plant project is one of the federal government's seven critical gas development projects of 2018 and one of the most strategic gas projects in Nigeria.

    It will process gas captured from the Seplat onshore oil block under oil mining lease (OML 53) in Imo state.

    The project is being built by ANOH Gas Processing Company Ltd., (AGPC), an incorporated joint venture (IJV) owned equally (50 percent each) between Seplat and Nigerian Gas Company (NGC), which is an arm of Nigerian. National Oil Company Ltd. (NNPC).

    Seplat and NGC previously provided a combined $420 million equity financing and the project is now fully funded.

    In January 2021, Seplat raised $260 million, provided by a consortium of seven banks: Stanbic IBTC Bank Plc (advisor), United Bank for Africa Plc, Zenith Bank Plc, FirstRand Bank Ltd., (London Branch) RMB Nigeria Ltd. ., Mauritius Commercial Bank Ltd., Union Bank of Nigeria Plc and FCMB Capital Markets Ltd.

    The construction cost of the plant is estimated at 650 million dollars. The two interested parties, which include Seplat and NGC, previously provided combined equity financing of $420 million.

    AGPC's construction cost was reduced to $650 million, including financing costs and taxes, as a result of the cost optimization program, significantly less than the original projected cost of $700 million.

    Seplat is a supplier of natural gas to Nigeria's energy sector, supplying around 30 percent of the gas used for electricity generation.

    I

    (NAN)

  •  An Information Security Strategist Mr Harrison Nnaji said cybercrime could cost the global economy 10 trillion dollars by 2025 Nnaji who is the Chief Information Security Officer at First Bank of Nigeria Ltd said this at a Cybersecurity Webinar with topic Impact of Ukraine and Russia s War on Cyberspace organised by the bank on Wednesday He said cybercrime had become a global challenge coming behind extreme weather natural disaster and infectious diseases COVID 19 hence Nigeria and its citizens must pay more attention to it In terms of losses last year alone about six trillion dollars were lost to cybercrimes and this has continued to top the agenda of most Chief Executive Officers So this is why we need to pay more attention to it If we are not paying attention to something that can cost the world six trillion dollars a year with capacity to grow to ten trillion dollars by 2025 we should be ready to see a bit of hell he said He called for more awareness for people to take extra caution to defend themselves from cyber attacks as the issue was complex Dr Muktar Bello Head Quality Control and Assurance Forensics Department EFCC who spoke on Social Engineering and Ransomware attack Impact on the Nigerian Financial System urged financial institutions to heighten their security operations to prevent attacks According to him there are lots of risks associated with ransomware So there is the need for banks to have 247 security operations and like I always advise the weakest link is always the insider It s very important that they heighten their security operations as it will cost victims over 263 billion dollars annually by 2031 As of now ransomware attacks are happening every eleven seconds but there has been more government involvement since 2021 he said According to him the Nigerian government has set up policies to tackle ransomware a type of malware that threatens to destroy or withhold a victim s critical data unless ransom is paid to the attacker Mr Shola Akinnukawe Head Electronic Business and Operations Control First Bank speaking on E Channel Frauds Sample Pattern and Prevention Guidelines said the bank had continued to deploy digital platforms to the benefit of the customers However he said as these digital channels increased fraud had also increased as fraudsters had also migrated from the usual way of defrauding people to the digital channels He noted that some common fraud techniques used by fraudsters were social engineering card theft lack of 2FA PIN compromise robbery false assistance loss and internal collusion He also said most vulnerable channels utilised by fraudsters were web mobile ATM POS and internet banking He urged customers to protect and guard their banking information and pin NAN
    Experts task Nigerians on cybercrime
     An Information Security Strategist Mr Harrison Nnaji said cybercrime could cost the global economy 10 trillion dollars by 2025 Nnaji who is the Chief Information Security Officer at First Bank of Nigeria Ltd said this at a Cybersecurity Webinar with topic Impact of Ukraine and Russia s War on Cyberspace organised by the bank on Wednesday He said cybercrime had become a global challenge coming behind extreme weather natural disaster and infectious diseases COVID 19 hence Nigeria and its citizens must pay more attention to it In terms of losses last year alone about six trillion dollars were lost to cybercrimes and this has continued to top the agenda of most Chief Executive Officers So this is why we need to pay more attention to it If we are not paying attention to something that can cost the world six trillion dollars a year with capacity to grow to ten trillion dollars by 2025 we should be ready to see a bit of hell he said He called for more awareness for people to take extra caution to defend themselves from cyber attacks as the issue was complex Dr Muktar Bello Head Quality Control and Assurance Forensics Department EFCC who spoke on Social Engineering and Ransomware attack Impact on the Nigerian Financial System urged financial institutions to heighten their security operations to prevent attacks According to him there are lots of risks associated with ransomware So there is the need for banks to have 247 security operations and like I always advise the weakest link is always the insider It s very important that they heighten their security operations as it will cost victims over 263 billion dollars annually by 2031 As of now ransomware attacks are happening every eleven seconds but there has been more government involvement since 2021 he said According to him the Nigerian government has set up policies to tackle ransomware a type of malware that threatens to destroy or withhold a victim s critical data unless ransom is paid to the attacker Mr Shola Akinnukawe Head Electronic Business and Operations Control First Bank speaking on E Channel Frauds Sample Pattern and Prevention Guidelines said the bank had continued to deploy digital platforms to the benefit of the customers However he said as these digital channels increased fraud had also increased as fraudsters had also migrated from the usual way of defrauding people to the digital channels He noted that some common fraud techniques used by fraudsters were social engineering card theft lack of 2FA PIN compromise robbery false assistance loss and internal collusion He also said most vulnerable channels utilised by fraudsters were web mobile ATM POS and internet banking He urged customers to protect and guard their banking information and pin NAN
    Experts task Nigerians on cybercrime
    Economy7 months ago

    Experts task Nigerians on cybercrime

    An Information Security Strategist, Mr Harrison Nnaji, said cybercrime could cost the global economy 10 trillion dollars by 2025.

    Nnaji, who is the Chief Information Security Officer at First Bank of Nigeria Ltd., said this at a Cybersecurity Webinar with topic, “Impact of Ukraine and Russia’s War on Cyberspace,” organised by the bank on Wednesday.

    He said cybercrime had become a global challenge, coming behind extreme weather, natural disaster and infectious diseases (COVID-19), hence Nigeria and its citizens must pay more attention to it.

    “In terms of losses, last year alone, about six trillion dollars were lost to cybercrimes and this has continued to top the agenda of most Chief Executive Officers.

    “So, this is why we need to pay more attention to it.

    “If we are not paying attention to something that can cost the world six trillion dollars a year, with capacity to grow to ten trillion dollars by 2025, we should be ready to see a bit of hell,” he said.

    He called for more awareness for people to take extra caution to defend themselves from cyber attacks as the issue was complex.

    Dr Muktar Bello, Head Quality Control and Assurance, Forensics Department, EFCC, who spoke on “Social Engineering and Ransomware attack- Impact on the Nigerian Financial System,” urged financial institutions to heighten their security operations to prevent attacks.

    According to him, there are lots of risks associated with ransomware.

    “So, there is the need for banks to have 247 security operations, and like I always advise, the weakest link is always the insider.

    “It’s very important that they heighten their security operations as it will cost victims over 263 billion dollars annually by 2031.

    “As of now, ransomware attacks are happening every eleven seconds, but there has been more government involvement since 2021,” he said.

    According to him, the Nigerian government has set up policies to tackle ransomware, a type of malware that threatens to destroy or withhold a victim’s critical data unless ransom is paid to the attacker.

    Mr Shola Akinnukawe, Head, Electronic Business and Operations Control, First Bank, speaking on “E-Channel Frauds: Sample, Pattern and Prevention Guidelines,” said the bank had continued to deploy digital platforms to the benefit of the customers.

    However, he said as these digital channels increased, fraud had also increased as fraudsters had also migrated from the usual way of defrauding people to the digital channels.

    He noted that some common fraud techniques used by fraudsters were: social engineering, card theft, lack of 2FA, PIN compromise, robbery, false assistance, loss and internal collusion.

    He also said most vulnerable channels utilised by fraudsters were: web, mobile, ATM, POS and internet banking.

    He urged customers to protect and guard their banking information and pin. (

    (NAN)

  •   First Bank of Nigeria Ltd has rewarded 300 customers to the tune of N4 million in the bank s current Verve Card campaign The bank said this in a statement issued in Abuja on Monday FirstBank e commerce and retail products executive Mr Chuma Ezirim Ezirim said that customers were rewarded in the sixth week of the promotion One hundred customers earned N10 000 airtime and another set of 100 customers earned N10 000 cash for transacting at least twice a week 100 customers won a cash prize of N20 000 for transacting at least four times in the week he said Ezirim noted that the promotion was designed to appreciate customers for their continued use and adoption of the card for various digital transactions We are pleased with the ongoing promotion of the verve debit card designed to appreciate customers for their continued use and adoption of the card for various digitally driven transactions As promotion is critical to reinforcing the value placed on its versatile capabilities we encourage continued use of the verve card as it is a card offering that promotes secure convenient and rewarding digital banking for customers said According to him a total of 651 prizes will be won over the next three weeks in the promotion He said that 200 people would earn N10 000 cash 300 customers would earn N10 000 in airtime and 300 customers would earn N20 000 cash Ezirim said that 50 customers would win various household items such as a generator tabletop refrigerator and gas cooker or a cash prize of N50 000 every four weeks It said a customer would win the star prize of a new 2022 Suzuki S Presso car for making 16 transactions during the promotion period The Verve Debit Card is a Naira denominated debit card that offers convenient fast and secure payment for goods and services Accepted on all channels connected to the Verve International network where the Interswitch Verve logo is displayed Automated teller machines ATM points of sale POS and the Internet in Nigeria
    FirstBank splashes N4m on customers in Verve Card promo
      First Bank of Nigeria Ltd has rewarded 300 customers to the tune of N4 million in the bank s current Verve Card campaign The bank said this in a statement issued in Abuja on Monday FirstBank e commerce and retail products executive Mr Chuma Ezirim Ezirim said that customers were rewarded in the sixth week of the promotion One hundred customers earned N10 000 airtime and another set of 100 customers earned N10 000 cash for transacting at least twice a week 100 customers won a cash prize of N20 000 for transacting at least four times in the week he said Ezirim noted that the promotion was designed to appreciate customers for their continued use and adoption of the card for various digital transactions We are pleased with the ongoing promotion of the verve debit card designed to appreciate customers for their continued use and adoption of the card for various digitally driven transactions As promotion is critical to reinforcing the value placed on its versatile capabilities we encourage continued use of the verve card as it is a card offering that promotes secure convenient and rewarding digital banking for customers said According to him a total of 651 prizes will be won over the next three weeks in the promotion He said that 200 people would earn N10 000 cash 300 customers would earn N10 000 in airtime and 300 customers would earn N20 000 cash Ezirim said that 50 customers would win various household items such as a generator tabletop refrigerator and gas cooker or a cash prize of N50 000 every four weeks It said a customer would win the star prize of a new 2022 Suzuki S Presso car for making 16 transactions during the promotion period The Verve Debit Card is a Naira denominated debit card that offers convenient fast and secure payment for goods and services Accepted on all channels connected to the Verve International network where the Interswitch Verve logo is displayed Automated teller machines ATM points of sale POS and the Internet in Nigeria
    FirstBank splashes N4m on customers in Verve Card promo
    Banking9 months ago

    FirstBank splashes N4m on customers in Verve Card promo

    First Bank of Nigeria Ltd. has rewarded 300 customers to the tune of N4 million in the bank's current Verve Card campaign.

    The bank said this in a statement issued in Abuja on Monday, FirstBank e-commerce and retail products executive, Mr. Chuma Ezirim.

    Ezirim said that customers were rewarded in the sixth week of the promotion.

    “One hundred customers earned N10,000 airtime and another set of 100 customers earned N10,000 cash for transacting at least twice a week.

    "100 customers won a cash prize of N20,000 for transacting at least four times in the week," he said.

    Ezirim noted that the promotion was designed to appreciate customers for their continued use and adoption of the card for various digital transactions.

    “We are pleased with the ongoing promotion of the verve debit card designed to appreciate customers for their continued use and adoption of the card for various digitally driven transactions.

    "As promotion is critical to reinforcing the value placed on its versatile capabilities, we encourage continued use of the verve card as it is a card offering that promotes secure, convenient and rewarding digital banking for customers," said.

    According to him, a total of 651 prizes will be won over the next three weeks in the promotion.

    He said that 200 people would earn N10,000 cash, 300 customers would earn N10,000 in airtime and 300 customers would earn N20,000 cash.

    Ezirim said that 50 customers would win various household items, such as a generator, tabletop refrigerator and gas cooker, or a cash prize of N50,000 every four weeks.

    It said a customer would win the star prize of a new 2022 Suzuki S-Presso car for making 16 transactions during the promotion period.

    The Verve Debit Card is a Naira-denominated debit card that offers convenient, fast and secure payment for goods and services.

    Accepted on all channels connected to the Verve International network where the Interswitch/Verve logo is displayed; Automated teller machines (ATM), points of sale (POS) and the Internet in Nigeria.

  •  The last two years have seen dramatic changes in the global economy brought about by the COVID 19 pandemic In fact the pandemic has had devastating consequences on many corporate organizations hence the need to develop new survival strategies to optimize profits 2022 being a pre election year made it even more imperative that the intellectuals of various organizations think outside the box to set the tone of economic activities for the year A useful tool for many companies was hosting conferences webinars bringing together experts to brainstorm how best to overcome the challenges of COVID 19 and set the tone for the year The conferences webinars provided participants with a repository of information to make the right decisions in 2022 One of the pioneers was First Bank of Nigeria Ltd which convened the Nigerian Economic Outlook webinar in January to reflect on the national and global economic trends that shaped 2021 while forecasting the economic outlook for 2022 The webinar theme 2021 Retrospective Lessons Learned Outlook 2022 with over 2 000 participants worldwide was strategically positioned at a time when investors were making decisions and forecasting for the year Chief Executive Officer of Ficial Derivatives Company Ltd Mr Bismarck Rewane keynote speaker at the webinar emphasized the need for successful implementation of the 2022 budget broadening the tax base and creating investment opportunities for the country witness a decent output in 2022 Rewane speaking on Nigeria s Economic Outlook 2022 said the removal of subsidies and a lower exchange rate would free up funds for all three levels of government He noted that pre election spending would increase the money supply in 2022 Rewane rated Nigeria s performance at 40 percent in 2021 but said the economy did not perform better in 2021 due to the failure of the nation s Economic Recovery and Growth Plan ERGP He said that although Nigeria spent a lot last year there was not much of an impact on its economy adding that the money spent came from loans and taxes There was a projected income of N7 99 trillion but we ended 2021 with N3 06 trillion and that is because our income is still heavily dependent on oil We must remember that the election is coming up and therefore the onus is on the Federal Government to do something fast about our debt Our total debt is currently 6 230 million dollars the internal debt increased by 1 620 million dollars this means that our lending has continually increased and yet we have not seen the much desired impact on our economy Rewane said He listed the factors that defined the performance of the country in 2021 such as inflation the price of oil oil production foreign reserves the average growth of the Gross Domestic Product and the Naira Rewane noted that the first half of the year will focus on economic reforms while politics will take center stage in the second half of the year He stressed that pre election spending would be positive for aggregate demand and would also boost business performance On the exchange rate outlook he said the CBN would likely intensify efforts towards exchange rate convergence He also noted that political jitters would increase foreign demand pressures in the fourth quarter of the year In the risk matrix in 2022 he listed delayed policy change and reforms rising social unrest and official sector crisis among others as things to watch out for Pre election spending should boost cash in circulation and the Central Bank of Nigeria CBN is likely to increase foreign exchange supply to manufacturers while economic performance will largely be determined by the implementation of the 2022 budget Inflationary pressures will intensify for two to three months before tapering off if it coincides with the increase in foreign exchange supply We also expect the CBN to deplete reserves to maintain exchange rate stability and this is what I have said over and over again that the major bank needs to step up efforts towards exchange rate convergence he said The founder of RTC Advisory Services Ltd Mr Opeyemi Agbaje speaking at the webinar said that inflation could remain a concern for Nigerian consumers in 2022 Inflation will likely continue to be a concern for the consumer shrinking their wallet and lowering the cost of consumption for the consumer GDP growth is gradually increasing we may finally be above the population growth rate in terms of growth Commerce is starting to pick up real estate is starting to hit positive territory communications and information have been strong agriculture remains problematic and I think there is finally evidence that insecurity and value chain disruptions agriculture are affecting food production and prices Agbaje said He noted that consumers were concerned about food supply and prices in 2021 noting that it will be sustained in the current year For FirstBank CEO Dr Adesola Adeduntan the webinar provided an opportunity to assess the performance of the Nigerian economy on key indices in 2021 and benefit from expert views on expectations and forecasts for 2022 Adeduntan said it provided excellent insights into the key factors that would shape the global and local economic landscape in 2022 He noted that in 2021 global production rebounded and the recovery was strong thanks to improved vaccination efforts as well as support from monetary and fiscal authorities According to him the fourth wave of the omicron variant of COVID 19 created a certain level of caution which affected the activities of the fourth quarter of 2021 and led to the push for booster injections and the reinstatement of COVID protocols For him specific key lessons can be drawn from the economic and related activities of 2021 These lessons and other developments expected in 2022 he noted were vital ingredients in the planning processes of the bank s clients and stakeholders As a bank we have a legacy of supporting business growth as an engine of economic growth and development in Nigeria and throughout sub Saharan Africa In accordance with our renewed vision of being Africa s bank of choice FirstBank will take the lead in driving the development of the different sectors and industries within the economies where we operate to support overall economic growth and sustainability As a bank that is woven into the fabric of society this webinar further strengthens our support and collaboration with stakeholders as we demonstrate our commitment and willingness to be the partner of first choice for our clients he said Adeduntan had no doubt that webinar participants gained valuable insights into global and local economic direction In fact he emphasized that the participants understood how to strategically position their business and personal efforts to take advantage of the opportunities that would arise throughout the year
    Nigeria’s 2022 economic outlook: Matters arising
     The last two years have seen dramatic changes in the global economy brought about by the COVID 19 pandemic In fact the pandemic has had devastating consequences on many corporate organizations hence the need to develop new survival strategies to optimize profits 2022 being a pre election year made it even more imperative that the intellectuals of various organizations think outside the box to set the tone of economic activities for the year A useful tool for many companies was hosting conferences webinars bringing together experts to brainstorm how best to overcome the challenges of COVID 19 and set the tone for the year The conferences webinars provided participants with a repository of information to make the right decisions in 2022 One of the pioneers was First Bank of Nigeria Ltd which convened the Nigerian Economic Outlook webinar in January to reflect on the national and global economic trends that shaped 2021 while forecasting the economic outlook for 2022 The webinar theme 2021 Retrospective Lessons Learned Outlook 2022 with over 2 000 participants worldwide was strategically positioned at a time when investors were making decisions and forecasting for the year Chief Executive Officer of Ficial Derivatives Company Ltd Mr Bismarck Rewane keynote speaker at the webinar emphasized the need for successful implementation of the 2022 budget broadening the tax base and creating investment opportunities for the country witness a decent output in 2022 Rewane speaking on Nigeria s Economic Outlook 2022 said the removal of subsidies and a lower exchange rate would free up funds for all three levels of government He noted that pre election spending would increase the money supply in 2022 Rewane rated Nigeria s performance at 40 percent in 2021 but said the economy did not perform better in 2021 due to the failure of the nation s Economic Recovery and Growth Plan ERGP He said that although Nigeria spent a lot last year there was not much of an impact on its economy adding that the money spent came from loans and taxes There was a projected income of N7 99 trillion but we ended 2021 with N3 06 trillion and that is because our income is still heavily dependent on oil We must remember that the election is coming up and therefore the onus is on the Federal Government to do something fast about our debt Our total debt is currently 6 230 million dollars the internal debt increased by 1 620 million dollars this means that our lending has continually increased and yet we have not seen the much desired impact on our economy Rewane said He listed the factors that defined the performance of the country in 2021 such as inflation the price of oil oil production foreign reserves the average growth of the Gross Domestic Product and the Naira Rewane noted that the first half of the year will focus on economic reforms while politics will take center stage in the second half of the year He stressed that pre election spending would be positive for aggregate demand and would also boost business performance On the exchange rate outlook he said the CBN would likely intensify efforts towards exchange rate convergence He also noted that political jitters would increase foreign demand pressures in the fourth quarter of the year In the risk matrix in 2022 he listed delayed policy change and reforms rising social unrest and official sector crisis among others as things to watch out for Pre election spending should boost cash in circulation and the Central Bank of Nigeria CBN is likely to increase foreign exchange supply to manufacturers while economic performance will largely be determined by the implementation of the 2022 budget Inflationary pressures will intensify for two to three months before tapering off if it coincides with the increase in foreign exchange supply We also expect the CBN to deplete reserves to maintain exchange rate stability and this is what I have said over and over again that the major bank needs to step up efforts towards exchange rate convergence he said The founder of RTC Advisory Services Ltd Mr Opeyemi Agbaje speaking at the webinar said that inflation could remain a concern for Nigerian consumers in 2022 Inflation will likely continue to be a concern for the consumer shrinking their wallet and lowering the cost of consumption for the consumer GDP growth is gradually increasing we may finally be above the population growth rate in terms of growth Commerce is starting to pick up real estate is starting to hit positive territory communications and information have been strong agriculture remains problematic and I think there is finally evidence that insecurity and value chain disruptions agriculture are affecting food production and prices Agbaje said He noted that consumers were concerned about food supply and prices in 2021 noting that it will be sustained in the current year For FirstBank CEO Dr Adesola Adeduntan the webinar provided an opportunity to assess the performance of the Nigerian economy on key indices in 2021 and benefit from expert views on expectations and forecasts for 2022 Adeduntan said it provided excellent insights into the key factors that would shape the global and local economic landscape in 2022 He noted that in 2021 global production rebounded and the recovery was strong thanks to improved vaccination efforts as well as support from monetary and fiscal authorities According to him the fourth wave of the omicron variant of COVID 19 created a certain level of caution which affected the activities of the fourth quarter of 2021 and led to the push for booster injections and the reinstatement of COVID protocols For him specific key lessons can be drawn from the economic and related activities of 2021 These lessons and other developments expected in 2022 he noted were vital ingredients in the planning processes of the bank s clients and stakeholders As a bank we have a legacy of supporting business growth as an engine of economic growth and development in Nigeria and throughout sub Saharan Africa In accordance with our renewed vision of being Africa s bank of choice FirstBank will take the lead in driving the development of the different sectors and industries within the economies where we operate to support overall economic growth and sustainability As a bank that is woven into the fabric of society this webinar further strengthens our support and collaboration with stakeholders as we demonstrate our commitment and willingness to be the partner of first choice for our clients he said Adeduntan had no doubt that webinar participants gained valuable insights into global and local economic direction In fact he emphasized that the participants understood how to strategically position their business and personal efforts to take advantage of the opportunities that would arise throughout the year
    Nigeria’s 2022 economic outlook: Matters arising
    Features9 months ago

    Nigeria’s 2022 economic outlook: Matters arising

    The last two years have seen dramatic changes in the global economy brought about by the COVID-19 pandemic.In fact, the pandemic has had devastating consequences on many corporate organizations, hence the need to develop new survival strategies to optimize profits.2022, being a pre-election year, made it even more imperative that the intellectuals of various organizations think outside the box, to set the tone of economic activities for the year.A useful tool for many companies was hosting conferences/webinars, bringing together experts to brainstorm how best to overcome the challenges of COVID-19 and set the tone for the year.The conferences/webinars provided participants with a repository of information to make the right decisions in 2022.One of the pioneers was First Bank of Nigeria Ltd., which convened the Nigerian Economic Outlook webinar in January to reflect on the national and global economic trends that shaped 2021, while forecasting the economic outlook for 2022.The webinar theme: "2021 Retrospective, Lessons Learned - Outlook 2022", with over 2,000 participants worldwide, was strategically positioned at a time when investors were making decisions and forecasting for the year.Chief Executive Officer of Ficial Derivatives Company Ltd., Mr. Bismarck Rewane, keynote speaker at the webinar, emphasized the need for successful implementation of the 2022 budget, broadening the tax base and creating investment opportunities for the country witness a decent output in 2022.Rewane, speaking on "Nigeria's Economic Outlook 2022," said the removal of subsidies and a lower exchange rate would free up funds for all three levels of government.He noted that pre-election spending would increase the money supply in 2022.Rewane rated Nigeria's performance at 40 percent in 2021, but said the economy did not perform better in 2021 due to the failure of the nation's Economic Recovery and Growth Plan (ERGP).He said that although Nigeria spent a lot last year, there was not much of an impact on its economy, adding that the money spent came from loans and taxes.“There was a projected income of N7.99 trillion but we ended 2021 with N3.06 trillion and that is because our income is still heavily dependent on oil.“We must remember that the election is coming up and therefore the onus is on the Federal Government to do something fast about our debt.“Our total debt is currently 6,230 million dollars, the internal debt increased by 1,620 million dollars; this means that our lending has continually increased, and yet we have not seen the much-desired impact on our economy,” Rewane said.He listed the factors that defined the performance of the country in 2021 such as inflation, the price of oil, oil production, foreign reserves, the average growth of the Gross Domestic Product and the Naira.Rewane noted that the first half of the year will focus on economic reforms, while politics will take center stage in the second half of the year.He stressed that pre-election spending would be positive for aggregate demand and would also boost business performance.On the exchange rate outlook, he said, the CBN would likely intensify efforts towards exchange rate convergence.He also noted that political jitters would increase foreign demand pressures in the fourth quarter of the year.In the risk matrix in 2022, he listed delayed policy change and reforms, rising social unrest, and official sector crisis, among others, as things to watch out for.“Pre-election spending should boost cash in circulation and the Central Bank of Nigeria (CBN) is likely to increase foreign exchange supply to manufacturers, while economic performance will largely be determined by the implementation of the 2022 budget.“Inflationary pressures will intensify for two to three months before tapering off if it coincides with the increase in foreign exchange supply.“We also expect the CBN to deplete reserves to maintain exchange rate stability and this is what I have said over and over again that the major bank needs to step up efforts towards exchange rate convergence,” he said.The founder of RTC Advisory Services Ltd., Mr. Opeyemi Agbaje, speaking at the webinar, said that inflation could remain a concern for Nigerian consumers in 2022.“Inflation will likely continue to be a concern for the consumer, shrinking their wallet and lowering the cost of consumption for the consumer.“GDP growth is gradually increasing, we may finally be above the population growth rate in terms of growth.“Commerce is starting to pick up, real estate is starting to hit positive territory, communications and information have been strong, agriculture remains problematic, and I think there is finally evidence that insecurity and value chain disruptions agriculture are affecting food production and prices. ”, Agbaje said.He noted that consumers were concerned about food supply and prices in 2021, noting that it will be sustained in the current year.For FirstBank CEO Dr. Adesola Adeduntan, the webinar provided an opportunity to assess the performance of the Nigerian economy on key indices in 2021 and benefit from expert views on expectations and forecasts for 2022.Adeduntan said it provided excellent insights into the key factors that would shape the global and local economic landscape in 2022.He noted that in 2021 global production rebounded and the recovery was strong thanks to improved vaccination efforts as well as support from monetary and fiscal authorities.According to him, the fourth wave of the omicron variant of COVID-19 created a certain level of caution, which affected the activities of the fourth quarter of 2021 and led to the push for booster injections and the reinstatement of COVID protocols.For him, specific key lessons can be drawn from the economic and related activities of 2021.These lessons and other developments expected in 2022, he noted, were vital ingredients in the planning processes of the bank's clients and stakeholders.“As a bank, we have a legacy of supporting business growth as an engine of economic growth and development in Nigeria and throughout sub-Saharan Africa.“In accordance with our renewed vision of 'being Africa's bank of choice', FirstBank will take the lead in driving the development of the different sectors and industries within the economies where we operate to support overall economic growth and sustainability.“As a bank that is woven into the fabric of society, this webinar further strengthens our support and collaboration with stakeholders as we demonstrate our commitment and willingness to be the partner of first choice for our clients,” he said.Adeduntan had no doubt that webinar participants gained valuable insights into global and local economic direction.In fact, he emphasized that the participants understood how to strategically position their business and personal efforts to take advantage of the opportunities that would arise throughout the year.

  •   Tonto Dike director of the Youth Empowerment and Social Committee on Mobilization and Awareness CYMS urged President Muhammadu Buhari to include more youth and women in policy making in the country Dike made the call at the monthly National Policy and Development N PoD Summit held in Abuja on Tuesday Growing up I heard that children are the leaders of tomorrow so it s only fair that over time children start to be included in the things that they will encounter in the future I always believe in leadership and I believe in hierarchy in leadership I believe in who has been there tutoring who is going to enter Including our young people in office really means having a sector where young people can participate in decision making and policy making We want to hear that we belong we want to know that we are responsible and that we are included in the things that matter in the country he said She noted that women should also be given greater inclusion as much as men for more balanced gender equality in government Not only young people who should be involved but also women The Buhari government has tried to stop this but much remains to be done Including more women will change the country for the better Women are natural leaders and they cannot take that away from us We have a lot to give so we should be given the chance to speak up and contribute our share to society he said According to Dike deliberate steps must be taken to ensure that the various government institutions stand the test of time She said for any legacy to stand the test of time there must be continuation effectiveness and a positive effect on its beneficiaries For his part Dr Kenneth Okonkwo praised President Buhari s efforts to ensure the continuity of the various remaining projects Okonkwo however urged the president to choose a young man to succeed him The best way to preserve your legacy is to choose men among the people He should choose a younger man to face the challenges of Nigeria The president s greatest legacy is continuity This is because when he came to power all the pending projects of the past administration he tried to make them happen he pointed out Regarding security he said that the current administration had done a lot to ensure the safety of lives and property in the country but much remained to be done He said that the issue of security should be delegated and not be left in the hands of one man to ensure the safety of millions of Nigerians The Chair of the Chartered Institute of Loan and Risk Management of Nigeria Ltd Dr Harriet Akubuiro said it was imperative that the legacy of the current administration be upheld Akubuiro said Mr President please give the country the best free and fair elections as this will lead to the emergence of another competent and visionary leader as our president You should encourage such a leader to engage informed technocrats and provide them with support even after he is gone in order to uphold these legacies It should also establish a risk management commission that would help regulate the institutional function in this country he said Similarly the CEO of Soul Sight Nigeria Ltd Joko Okupe urged citizens to stop the blame game and strive to work for the good of Nigerians We should try to ensure continuity in government regardless of party and strive as citizens to close all gaps The president has done the best he could Let s try to build on things that are a milestone that the president has done he said Source
    Tonto Dike tasks Buhari for more youths, women in policies.
      Tonto Dike director of the Youth Empowerment and Social Committee on Mobilization and Awareness CYMS urged President Muhammadu Buhari to include more youth and women in policy making in the country Dike made the call at the monthly National Policy and Development N PoD Summit held in Abuja on Tuesday Growing up I heard that children are the leaders of tomorrow so it s only fair that over time children start to be included in the things that they will encounter in the future I always believe in leadership and I believe in hierarchy in leadership I believe in who has been there tutoring who is going to enter Including our young people in office really means having a sector where young people can participate in decision making and policy making We want to hear that we belong we want to know that we are responsible and that we are included in the things that matter in the country he said She noted that women should also be given greater inclusion as much as men for more balanced gender equality in government Not only young people who should be involved but also women The Buhari government has tried to stop this but much remains to be done Including more women will change the country for the better Women are natural leaders and they cannot take that away from us We have a lot to give so we should be given the chance to speak up and contribute our share to society he said According to Dike deliberate steps must be taken to ensure that the various government institutions stand the test of time She said for any legacy to stand the test of time there must be continuation effectiveness and a positive effect on its beneficiaries For his part Dr Kenneth Okonkwo praised President Buhari s efforts to ensure the continuity of the various remaining projects Okonkwo however urged the president to choose a young man to succeed him The best way to preserve your legacy is to choose men among the people He should choose a younger man to face the challenges of Nigeria The president s greatest legacy is continuity This is because when he came to power all the pending projects of the past administration he tried to make them happen he pointed out Regarding security he said that the current administration had done a lot to ensure the safety of lives and property in the country but much remained to be done He said that the issue of security should be delegated and not be left in the hands of one man to ensure the safety of millions of Nigerians The Chair of the Chartered Institute of Loan and Risk Management of Nigeria Ltd Dr Harriet Akubuiro said it was imperative that the legacy of the current administration be upheld Akubuiro said Mr President please give the country the best free and fair elections as this will lead to the emergence of another competent and visionary leader as our president You should encourage such a leader to engage informed technocrats and provide them with support even after he is gone in order to uphold these legacies It should also establish a risk management commission that would help regulate the institutional function in this country he said Similarly the CEO of Soul Sight Nigeria Ltd Joko Okupe urged citizens to stop the blame game and strive to work for the good of Nigerians We should try to ensure continuity in government regardless of party and strive as citizens to close all gaps The president has done the best he could Let s try to build on things that are a milestone that the president has done he said Source
    Tonto Dike tasks Buhari for more youths, women in policies.
    General news10 months ago

    Tonto Dike tasks Buhari for more youths, women in policies.

    Tonto Dike, director of the Youth Empowerment and Social Committee on Mobilization and Awareness (CYMS), urged President Muhammadu Buhari to include more youth and women in policy making in the country.

    Dike made the call at the monthly National Policy and Development (N-PoD) Summit held in Abuja on Tuesday.

    “Growing up, I heard that children are the leaders of tomorrow, so it's only fair that over time children start to be included in the things that they will encounter in the future.

    “I always believe in leadership and I believe in hierarchy in leadership. I believe in who has been there tutoring who is going to enter.

    ”Including our young people in office really means having a sector where young people can participate in decision-making and policy making.

    “We want to hear that we belong, we want to know that we are responsible and that we are included in the things that matter in the country,” he said.

    She noted that women should also be given greater inclusion as much as men for more balanced gender equality in government.

    ”Not only young people who should be involved but also women. The Buhari government has tried to stop this, but much remains to be done.

    ”Including more women will change the country for the better. Women are natural leaders and they cannot take that away from us.

    "We have a lot to give, so we should be given the chance to speak up and contribute our share to society," he said.

    According to Dike, deliberate steps must be taken to ensure that the various government institutions stand the test of time.

    She said, "for any legacy to stand the test of time, there must be continuation, effectiveness, and a positive effect on its beneficiaries."

    For his part, Dr. Kenneth Okonkwo praised President Buhari's efforts to ensure the continuity of the various remaining projects.

    Okonkwo, however, urged the president to choose a young man to succeed him.

    “The best way to preserve your legacy is to choose men among the people. He should choose a younger man to face the challenges of Nigeria.

    ”The president's greatest legacy is continuity. This is because when he came to power, all the pending projects of the past administration, he tried to make them happen”, he pointed out.

    Regarding security, he said that the current administration had done a lot to ensure the safety of lives and property in the country, but much remained to be done.

    He said that the issue of security should be delegated and not be left in the hands of one man to ensure the safety of millions of Nigerians.

    The Chair of the Chartered Institute of Loan and Risk Management of Nigeria Ltd., Dr. Harriet Akubuiro, said it was imperative that the legacy of the current administration be upheld.

    Akubuiro said: “Mr. President, please give the country the best free and fair elections, as this will lead to the emergence of another competent and visionary leader as our president.

    “You should encourage such a leader to engage informed technocrats and provide them with support even after he is gone in order to uphold these legacies.

    "It should also establish a risk management commission that would help regulate the institutional function in this country," he said.

    Similarly, the CEO of Soul Sight Nigeria Ltd, Joko Okupe, urged citizens to stop the blame game and strive to work for the good of Nigerians.

    “We should try to ensure continuity in government regardless of party and strive as citizens to close all gaps.

    ”The president has done the best he could. Let's try to build on things that are a milestone that the president has done," he said.

    Source:

  •   Israel has donated a Research Skills Development Computer Classroom Center to Nigeria to boost educational growth for girls in the country Ambassador Michael Freeman Israel s ambassador to Nigeria while donating the center to Regina Pacis College on Wednesday in Abuja said it is to commemorate Golda Meir the former prime minister of Israel Michael also Israel s permanent representative to ECOWAS described Golda as Israel s first female Prime Minister who contributed to the emergence and growth of that country According to him the school s choice is to encourage girls education through the donation of 20 computers projectors reading tables and chairs library books and other learning accessories Michael said that embracing technology was one of the most important ingredients for success for 21st century leaders and that the most successful world leaders know how to harness technology to manage and lead people The use of technology means better health care better agriculture and of course better education for the people of the world This fully equipped computer lab will facilitate the development of students IT and leadership skills which are necessary to prepare future leaders in Nigeria Africa and the rest of the world This donation is in memory of Golda who was a champion of peace and instrumental in promoting Israel s policy of assisting new African states to enhance diplomatic support between nations Like Golda the next president of Nigeria can be a student of this school like Golda we can help today s young women acquire the skills necessary to lead a nation He stressed that it had become important for young children in schools especially girls to have early access to technology in terms of science technology engineering and mathematics STEM Also speaking at the event Monsignor Kenneth Eg President of Education for the Archdiocese of Abuja expressed his gratitude to the Israeli embassy for donating the educational facilities For example the person also in charge of the Pope John Paul 11 Catholic Center said that the educational facility would help promote the education of girls in the country The proper use of God given talents placed Israel among a committee of developed nations within a short period of its existence international and human engagement This small country has advanced in education and development has touched us A country that is not even as big as Nigeria has brought kindness to a country with 270 million people Israel has set an example of selfless generosity which Nigeria must emulate What you have done today is the foundation for women s education in Nigeria we know that when women develop the country develops The center especially situated in a girls school is incredibly significant because it will give girls a place to develop their talents and then advance in the future said Eg In response the Rev Sister Maria Igbo Principal of Regina Pacis College said the educational facilities would help improve teaching and learning at the school According to her the embassy of the gesture had also alerted the school that much was expected from the production saying that it is not just about obtaining computers but about being able to take care of them In order to maintain the standards and hope to reach the established goals we have more than 800 students and we are completely a boarding school The capacity can accommodate over 1 500 students it is a large school and we are expanding and remodeling our classrooms to meet standards classrooms with projectors and other technological facilities We are leaving no stone unturned in any way to meet international standards Igbo said The donation from the center s partnership with Skill G Nigeria Ltd attracted Cardinal John Onaiyekan stakeholders from the diplomatic community the Catholic Commission and the school s Parent Teacher Association The highlights of the event were the opening of the Center by Freeman a cultural dance exhibition choir Keep reading Source NAN
    Israel donates research centre to promote girl-child education in Nigeria
      Israel has donated a Research Skills Development Computer Classroom Center to Nigeria to boost educational growth for girls in the country Ambassador Michael Freeman Israel s ambassador to Nigeria while donating the center to Regina Pacis College on Wednesday in Abuja said it is to commemorate Golda Meir the former prime minister of Israel Michael also Israel s permanent representative to ECOWAS described Golda as Israel s first female Prime Minister who contributed to the emergence and growth of that country According to him the school s choice is to encourage girls education through the donation of 20 computers projectors reading tables and chairs library books and other learning accessories Michael said that embracing technology was one of the most important ingredients for success for 21st century leaders and that the most successful world leaders know how to harness technology to manage and lead people The use of technology means better health care better agriculture and of course better education for the people of the world This fully equipped computer lab will facilitate the development of students IT and leadership skills which are necessary to prepare future leaders in Nigeria Africa and the rest of the world This donation is in memory of Golda who was a champion of peace and instrumental in promoting Israel s policy of assisting new African states to enhance diplomatic support between nations Like Golda the next president of Nigeria can be a student of this school like Golda we can help today s young women acquire the skills necessary to lead a nation He stressed that it had become important for young children in schools especially girls to have early access to technology in terms of science technology engineering and mathematics STEM Also speaking at the event Monsignor Kenneth Eg President of Education for the Archdiocese of Abuja expressed his gratitude to the Israeli embassy for donating the educational facilities For example the person also in charge of the Pope John Paul 11 Catholic Center said that the educational facility would help promote the education of girls in the country The proper use of God given talents placed Israel among a committee of developed nations within a short period of its existence international and human engagement This small country has advanced in education and development has touched us A country that is not even as big as Nigeria has brought kindness to a country with 270 million people Israel has set an example of selfless generosity which Nigeria must emulate What you have done today is the foundation for women s education in Nigeria we know that when women develop the country develops The center especially situated in a girls school is incredibly significant because it will give girls a place to develop their talents and then advance in the future said Eg In response the Rev Sister Maria Igbo Principal of Regina Pacis College said the educational facilities would help improve teaching and learning at the school According to her the embassy of the gesture had also alerted the school that much was expected from the production saying that it is not just about obtaining computers but about being able to take care of them In order to maintain the standards and hope to reach the established goals we have more than 800 students and we are completely a boarding school The capacity can accommodate over 1 500 students it is a large school and we are expanding and remodeling our classrooms to meet standards classrooms with projectors and other technological facilities We are leaving no stone unturned in any way to meet international standards Igbo said The donation from the center s partnership with Skill G Nigeria Ltd attracted Cardinal John Onaiyekan stakeholders from the diplomatic community the Catholic Commission and the school s Parent Teacher Association The highlights of the event were the opening of the Center by Freeman a cultural dance exhibition choir Keep reading Source NAN
    Israel donates research centre to promote girl-child education in Nigeria
    Education10 months ago

    Israel donates research centre to promote girl-child education in Nigeria

    Israel has donated a Research Skills Development Computer Classroom Center to Nigeria to boost educational growth for girls in the country.

    Ambassador Michael Freeman, Israel's ambassador to Nigeria, while donating the center to Regina Pacis College on Wednesday in Abuja, said "it is to commemorate Golda Meir, the former prime minister of Israel."

    Michael, also Israel's permanent representative to ECOWAS, described Golda as Israel's first female Prime Minister, who contributed to the emergence and growth of that country.

    According to him, the school's choice is to encourage girls' education through the donation of 20 computers, projectors, reading tables and chairs, library books and other learning accessories.

    Michael said that embracing technology was one of the most important ingredients for success for 21st century leaders and that the most successful world leaders know how to harness technology to manage and lead people.

    “The use of technology means better health care, better agriculture and, of course, better education for the people of the world.

    “This fully equipped computer lab will facilitate the development of students' IT and leadership skills, which are necessary to prepare future leaders in Nigeria, Africa and the rest of the world.

    “This donation is in memory of Golda, who was a champion of peace and instrumental in promoting Israel's policy of assisting new African states to enhance diplomatic support between nations.

    “Like Golda, the next president of Nigeria can be a student of this school, like Golda, we can help today's young women acquire the skills necessary to lead a nation.”

    He stressed that it had become important for young children in schools, especially girls, to have early access to technology in terms of science, technology, engineering and mathematics (STEM).

    Also speaking at the event, Monsignor Kenneth Eg, President of Education for the Archdiocese of Abuja, expressed his gratitude to the Israeli embassy for donating the educational facilities.

    For example, the person also in charge of the Pope John Paul 11 ​​Catholic Center said that the educational facility would help promote the education of girls in the country.

    “The proper use of God-given talents placed Israel among a committee of developed nations within a short period of its existence, international and human engagement.

    “This small country has advanced in education and development has touched us.

    “A country that is not even as big as Nigeria has brought kindness to a country with 270 million people; Israel has set an example of selfless generosity, which Nigeria must emulate.

    “What you have done today is the foundation for women's education in Nigeria; we know that when women develop, the country develops.

    “The center, especially situated in a girls' school, is incredibly significant because it will give girls a place to develop their talents and then advance in the future,” said Eg.

    In response, the Rev. Sister Maria Igbo, Principal of Regina Pacis College, said the educational facilities would help improve teaching and learning at the school.

    According to her, the embassy of the gesture had also alerted the school that much was expected from the production, saying that “it is not just about obtaining computers, but about being able to take care of them.

    “In order to maintain the standards and hope to reach the established goals, we have more than 800 students and we are completely a boarding school.

    “The capacity can accommodate over 1,500 students, it is a large school and we are expanding and remodeling our classrooms to meet standards; classrooms with projectors and other technological facilities.

    "We are leaving no stone unturned in any way to meet international standards," Igbo said.

    The donation from the center's partnership with Skill-G Nigeria Ltd. attracted Cardinal John Onaiyekan, stakeholders from the diplomatic community, the Catholic Commission and the school's Parent-Teacher Association.

    The highlights of the event were the opening of the Center by Freeman, a cultural dance exhibition choir.

    Keep reading

    Source: NAN

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