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  •  The Nigeria Basketball Federation NBBF and Total E amp P Nigeria Ltd on Tuesday in Lagos signed a N150 million Memorandum of Understanding MoU for the sponsorship of Division 1 and 2 men s basketball leagues for five years The News Agency of Nigeria reports that the President of NBBF Ahmadu Kida signed on behalf of NBBF while the Managing Director of Total E amp P Nigeria Ltd Mike Sangster signed for the oil company The Minister of Youth and Sports Development Sunday Dare some Presidents of other federations the Nigeria Olympic Committee NOC Secretary General Olabanji Oladapo were among those that witnessed the signing Sangster said the company decided to sponsor the basketball game in Nigeria due to its growth after their first two year sponsorship where the teams proved so impressive He said the company was sponsoring the game for N5 million per year for five years noting that they decided to sponsor the grassroots level with a view to identifying and nurturing more young stars to higher levels He assured that his company would sponsor more games in Nigeria and Africa adding that currently they were sponsoring different sports including Total Championship for Charity The minister described the sponsorship as worthy investment for Nigerian youths saying the MoU was a fulfillment and transformation of basketball in Nigeria Dare commended Total E amp P Nigeria for the sponsorship of basketball and some other games stressing that the MoU was a reflection of their commitment to the development of Nigerian youths through sports He also commended the board of NBBF led by Kida for their achievements so far at both national and international levels between 2017 and 2020 I urge the board of the federation to continue in this direction in order to bring more laurels to Nigeria as exemplified by the fact that for the first time in the history of Basketball Nigeria has qualified both the men s and women s national teams for the forthcoming Olympic Games in Tokyo in 2021 he said The minister said the government was ever determined to provide a conducive atmosphere to stimulate corporate involvement in sports development He expressed the hope that other corporate organisations and philanthropists would emulate the kind gesture of Total E amp P Nigeria Ltd and tap into the opportunities available in the development of the sports sector The president of NBBF said he was excited about the long term partnership with Total E amp P Nigeria for the new MoU adding that they were targeted at the grassroots which was one of the core focus of the federation According to Kida this is another fulfillment of some of the promises we made about creating platforms for raw talents to be nurtured while making basketball attractive to the corporate community to want to partner with us He noted that after critical evaluation of the initial two year deal between the NBBF and Total both parties felt it was expedient to continue with the harmonious relationship With the initial two year support of Total E amp P Nigeria Ltd we were able to introduce the Division 2 League system and also expand the Division 1 with more teams participating and playing more games It is on record that more than 150 local basketball teams participate in these two divisions all over the country with two teams per state qualifying for the zonal meets With another five year agreement on the table we should be able to build on what we have achieved and establish a system where more talents can participate in organised basketball Kida said He assured lovers of the game that the board of NBBF would redouble its efforts in putting proper and sustainable structures that would take basketball to the next level NAN reports that a dummy cheque for N150 Million was presented by the Total E amp P Nigeria Ltd Mike Sangster to NBBF President Ahmed Kida Edited By Peter Ejiofor Source NAN
    NBBF, Total E&P sign N150m 5-year sponsorship deal
     The Nigeria Basketball Federation NBBF and Total E amp P Nigeria Ltd on Tuesday in Lagos signed a N150 million Memorandum of Understanding MoU for the sponsorship of Division 1 and 2 men s basketball leagues for five years The News Agency of Nigeria reports that the President of NBBF Ahmadu Kida signed on behalf of NBBF while the Managing Director of Total E amp P Nigeria Ltd Mike Sangster signed for the oil company The Minister of Youth and Sports Development Sunday Dare some Presidents of other federations the Nigeria Olympic Committee NOC Secretary General Olabanji Oladapo were among those that witnessed the signing Sangster said the company decided to sponsor the basketball game in Nigeria due to its growth after their first two year sponsorship where the teams proved so impressive He said the company was sponsoring the game for N5 million per year for five years noting that they decided to sponsor the grassroots level with a view to identifying and nurturing more young stars to higher levels He assured that his company would sponsor more games in Nigeria and Africa adding that currently they were sponsoring different sports including Total Championship for Charity The minister described the sponsorship as worthy investment for Nigerian youths saying the MoU was a fulfillment and transformation of basketball in Nigeria Dare commended Total E amp P Nigeria for the sponsorship of basketball and some other games stressing that the MoU was a reflection of their commitment to the development of Nigerian youths through sports He also commended the board of NBBF led by Kida for their achievements so far at both national and international levels between 2017 and 2020 I urge the board of the federation to continue in this direction in order to bring more laurels to Nigeria as exemplified by the fact that for the first time in the history of Basketball Nigeria has qualified both the men s and women s national teams for the forthcoming Olympic Games in Tokyo in 2021 he said The minister said the government was ever determined to provide a conducive atmosphere to stimulate corporate involvement in sports development He expressed the hope that other corporate organisations and philanthropists would emulate the kind gesture of Total E amp P Nigeria Ltd and tap into the opportunities available in the development of the sports sector The president of NBBF said he was excited about the long term partnership with Total E amp P Nigeria for the new MoU adding that they were targeted at the grassroots which was one of the core focus of the federation According to Kida this is another fulfillment of some of the promises we made about creating platforms for raw talents to be nurtured while making basketball attractive to the corporate community to want to partner with us He noted that after critical evaluation of the initial two year deal between the NBBF and Total both parties felt it was expedient to continue with the harmonious relationship With the initial two year support of Total E amp P Nigeria Ltd we were able to introduce the Division 2 League system and also expand the Division 1 with more teams participating and playing more games It is on record that more than 150 local basketball teams participate in these two divisions all over the country with two teams per state qualifying for the zonal meets With another five year agreement on the table we should be able to build on what we have achieved and establish a system where more talents can participate in organised basketball Kida said He assured lovers of the game that the board of NBBF would redouble its efforts in putting proper and sustainable structures that would take basketball to the next level NAN reports that a dummy cheque for N150 Million was presented by the Total E amp P Nigeria Ltd Mike Sangster to NBBF President Ahmed Kida Edited By Peter Ejiofor Source NAN
    NBBF, Total E&P sign N150m 5-year sponsorship deal
    Sport2 years ago

    NBBF, Total E&P sign N150m 5-year sponsorship deal

    The Nigeria Basketball Federation (NBBF) and Total E&P Nigeria Ltd on Tuesday in Lagos signed a N150 million Memorandum of Understanding (MoU) for the sponsorship of Division 1 and 2 men’s basketball leagues for five years.

    The News Agency of Nigeria reports that the President of NBBF, Ahmadu Kida, signed on behalf of NBBF, while the Managing Director of Total E&P Nigeria Ltd, Mike Sangster signed for the oil company.

    The Minister of Youth and Sports Development, Sunday Dare, some Presidents of other federations, the Nigeria Olympic Committee (NOC) Secretary-General, Olabanji Oladapo, were among those that witnessed the signing.

    Sangster said the company decided to sponsor the basketball game in Nigeria due to its growth after their first two year sponsorship where the teams proved so impressive.

    He said the company was sponsoring the game for N5 million per year for five years, noting that they decided to sponsor the grassroots level with a view to identifying and nurturing more young stars to higher levels.

    He assured that his company would sponsor more games in Nigeria and Africa, adding that currently, they were sponsoring different sports, including Total Championship for Charity.

    The minister described the sponsorship as worthy investment for Nigerian youths, saying the MoU was a fulfillment and transformation of basketball in Nigeria.

    Dare commended Total E&P Nigeria for the sponsorship of basketball and some other games, stressing that the MoU was a reflection of their commitment to the development of Nigerian youths through sports.

    He also commended the board of NBBF led by Kida for their achievements so far at both national and international levels between 2017 and 2020.

    “I urge the board of the federation to continue in this direction in order to bring more laurels to Nigeria, as exemplified by the fact that for the first time in the history of Basketball, Nigeria has qualified both the men’s and women’s national teams for the forthcoming Olympic Games in Tokyo in 2021,” he said.

    The minister said the government was ever determined to provide a conducive atmosphere to stimulate corporate involvement in sports development.

    He expressed the hope that other corporate organisations and philanthropists would emulate the kind gesture of Total E&P Nigeria Ltd and tap into the opportunities available in the development of the sports sector.

    The president of NBBF said he was excited about the long term partnership with Total E&P Nigeria for the new MoU, adding that they were targeted at the grassroots which was one of the core focus of the federation.

    According to Kida , this is another fulfillment of some of the promises we made about creating platforms for raw talents to be nurtured, while making basketball attractive to the corporate community to want to partner with us.

    He noted that after critical evaluation of the initial two-year deal between the NBBF and Total, both parties felt it was expedient to continue with the harmonious relationship.

    “With the initial two -year support of Total E&P Nigeria Ltd, we were able to introduce the Division 2 League system and also expand the Division 1 with more teams participating and playing more games.

    “It is on record that more than 150 local basketball teams participate in these two divisions all over the country, with two teams per state qualifying for the zonal meets.

    “With another five-year agreement on the table, we should be able to build on what we have achieved and establish a system where more talents can participate in organised basketball,” Kida said.

    He assured lovers of the game that the board of NBBF would redouble its efforts in putting proper and sustainable structures that would take basketball to the next level.

    NAN reports that a dummy cheque for N150 Million was presented by the Total E&P Nigeria Ltd, Mike Sangster to NBBF President, Ahmed Kida.

    (
    Edited By: Peter Ejiofor)
    Source: NAN

  •  First Bank of Nigeria Ltd has graduated 12 candidates in its Senior Management Development Programme SMDP to enhance their leadership and strategic business skills for sustainable growth in the banking sector Mrs Folake Ani Mumuney Group Head Marketing and Corporate Communications FirstBank in a statement on Friday in Lagos said that the graduation was the third edition SMDP is FirstBank s intensive modular programme for a select group of senior to principal managers who are proven leaders in their respective functions and have been identified as central to the bank s succession plan Ani Mumuney said that prior to the 2020 edition of the programme 40 exemplary staff had successfully participated in the SMDP which was conceived in 2017 Ani Mumuney quoted Dr Adesola Adeduntan FirstBank s Chief Executive Officer CEO as saying that the programme was part of the bank s efforts to continuously integrate leadership into its culture growth and expansion drive across Africa She quoted Adeduntan as saying that the SMDP programme was a unique learning experience that would impact the professional intellectual and personal development of the emerging leaders According to her the CEO commended the graduates who he said demonstrated value and excellence in banking services I am delighted with the performance of the third set of the SMDP graduands This set s performance and response to the various trainings and initiatives have been very impressive and exemplary I encourage each graduand to maximise the experience and knowledge garnered from the programme as they build on their individual and collective contributions to the bank s continued growth as well as its efforts in enabling and impacting Nigeria and the African continent at large she quoted Adeduntan as saying Also Ani Mumuney quoted Mrs Omobolanle Adesola Senior Vice Chairman Standard Chartered Bank Group as saying that the SMDP programme was an enabler and a call to serve Adesola urged the graduates to uphold integrity and commit to the progress and excellence of FirstBank and the entire banking sector noting that the COVID 19 pandemic had made the banking terrain challenging according to Ani Mumuney She also quoted Mr Ini Ebong Chairman First Academy Governing Council as saying that the graduates had been equipped with skills to actualise their potential and boost their leadership quality According to Ani Mumuney Ebong said that the bank believed in the graduates and looked forward to seeing them excel Edited By Ijeoma Popoola NAN
    Succession plan: FirstBank graduates third batch in development programme
     First Bank of Nigeria Ltd has graduated 12 candidates in its Senior Management Development Programme SMDP to enhance their leadership and strategic business skills for sustainable growth in the banking sector Mrs Folake Ani Mumuney Group Head Marketing and Corporate Communications FirstBank in a statement on Friday in Lagos said that the graduation was the third edition SMDP is FirstBank s intensive modular programme for a select group of senior to principal managers who are proven leaders in their respective functions and have been identified as central to the bank s succession plan Ani Mumuney said that prior to the 2020 edition of the programme 40 exemplary staff had successfully participated in the SMDP which was conceived in 2017 Ani Mumuney quoted Dr Adesola Adeduntan FirstBank s Chief Executive Officer CEO as saying that the programme was part of the bank s efforts to continuously integrate leadership into its culture growth and expansion drive across Africa She quoted Adeduntan as saying that the SMDP programme was a unique learning experience that would impact the professional intellectual and personal development of the emerging leaders According to her the CEO commended the graduates who he said demonstrated value and excellence in banking services I am delighted with the performance of the third set of the SMDP graduands This set s performance and response to the various trainings and initiatives have been very impressive and exemplary I encourage each graduand to maximise the experience and knowledge garnered from the programme as they build on their individual and collective contributions to the bank s continued growth as well as its efforts in enabling and impacting Nigeria and the African continent at large she quoted Adeduntan as saying Also Ani Mumuney quoted Mrs Omobolanle Adesola Senior Vice Chairman Standard Chartered Bank Group as saying that the SMDP programme was an enabler and a call to serve Adesola urged the graduates to uphold integrity and commit to the progress and excellence of FirstBank and the entire banking sector noting that the COVID 19 pandemic had made the banking terrain challenging according to Ani Mumuney She also quoted Mr Ini Ebong Chairman First Academy Governing Council as saying that the graduates had been equipped with skills to actualise their potential and boost their leadership quality According to Ani Mumuney Ebong said that the bank believed in the graduates and looked forward to seeing them excel Edited By Ijeoma Popoola NAN
    Succession plan: FirstBank graduates third batch in development programme
    Economy2 years ago

    Succession plan: FirstBank graduates third batch in development programme

    First Bank of Nigeria Ltd. has graduated 12 candidates in its Senior Management Development Programme (SMDP) to enhance their leadership and strategic business skills for sustainable growth in the banking sector.

    Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, in a statement on Friday in Lagos, said that the graduation was the third edition.

    SMDP is FirstBank’s intensive modular programme for a select group of senior to principal managers who are proven leaders in their respective functions and have been identified as central to the bank’s succession plan.

    Ani-Mumuney said that prior to the 2020 edition of the programme, 40 exemplary staff had successfully participated in the SMDP which was conceived in 2017.

    Ani-Mumuney quoted Dr Adesola Adeduntan, FirstBank’s Chief Executive Officer (CEO), as saying that the programme was part of the bank’s efforts to continuously integrate leadership into its culture, growth and expansion drive across Africa.

    She quoted Adeduntan as saying that the SMDP programme was a unique learning experience that would impact the professional, intellectual and personal development of the emerging leaders.

    According to her, the CEO commended the graduates who, he said, demonstrated value and excellence in banking services.

    “I am delighted with the performance of the third set of the SMDP graduands.

    “This set’s performance and response to the various trainings and initiatives have been very impressive and exemplary.

    “I encourage each graduand to maximise the experience and knowledge garnered from the programme as they build on their individual and collective contributions to the bank’s continued growth, as well as its efforts in enabling and impacting Nigeria and the African continent at large,” she quoted Adeduntan as saying.

    Also, Ani-Mumuney quoted Mrs Omobolanle Adesola, Senior Vice-Chairman, Standard Chartered Bank Group, as saying that the SMDP programme was an enabler and a call to serve.

    Adesola urged the graduates to uphold integrity and commit to the progress and excellence of FirstBank and the entire banking sector, noting that the COVID-19 pandemic had made the banking terrain challenging, according to Ani-Mumuney.

    She also quoted Mr Ini Ebong, Chairman, First Academy Governing Council, as saying that the graduates had been equipped with skills to actualise their potential and boost their leadership quality.

    According to Ani-Mumuney, Ebong said that the bank believed in the graduates and looked forward to seeing them excel.


    Edited By: Ijeoma Popoola (NAN)

  •  Delta Deputy Gov Mr Kingsley Otuaro has assured youths in agriculture of the state government s support to boost their activities and returns on investment Otuaro gave the assurance when he visited the Flourish Bentam Agro fish Farm Nigeria Ltd Okpuku Aragba Ekpan in Uvwie Local Government Area of state in a statement from the State Ministry of Information on Tuesday in Asaba The deputy governor said government would not watch the youths remain idle instead of being encouraged in productive ventures to fend for themselves and families Otuaro who was conducted round the fishing cluster by Mr Felix Mutu the Chief Executive Officer of the farm said he was glad to see the good works of the young man who had taken the initiative of the state government to fend for himself and employed many youths He cautioned youths and the unemployed in the communities streets and cities across the nation looking for jobs to revert to agriculture to provide for themselves and the families From what we have seen here today we are very excited Like the commissioner for agriculture said this initiative merits our support And supporting this well intended hardworking gentleman as we have seen it is going to be encouraging and that will stand as an example to many others We cannot afford to fold our hands as a people or maybe working in the street of our cities and looking for job opportunities that are not just available We must just try the best we can to fend for ourselves and members of our family by looking inward doing things that are productive that can really add value to our family and our society as well This is very heart warming We will ensure as government to articulate comprehensively the needs just as he has told us here to be an encouragement to many of our young people he said The State Commissioner for Agriculture and Natural Resources Mr Julius Egbedi commended the deputy governor for being a part of the tour which invariably gave him the opportunity to see what was on ground at Uvwie We have gone to several farms but what we have here is unique and this Young man has done very well If you listen to his address carefully you will discover that one of the cardinal programmes the governor has is exactly what he has done here The governor is doing everything possible to empower our youths in the areas of agriculture in our fish programme exactly Mutu has done here is what we are doing Egbedi said The commissioner reassured Mutu of government s assistance soon to encourage his job creation ability which had currently been thwarted by the ravaging the COVID 19 pandemic Edited By Grace Yussuf NAN
    Delta govt. assures youths in agriculture of support
     Delta Deputy Gov Mr Kingsley Otuaro has assured youths in agriculture of the state government s support to boost their activities and returns on investment Otuaro gave the assurance when he visited the Flourish Bentam Agro fish Farm Nigeria Ltd Okpuku Aragba Ekpan in Uvwie Local Government Area of state in a statement from the State Ministry of Information on Tuesday in Asaba The deputy governor said government would not watch the youths remain idle instead of being encouraged in productive ventures to fend for themselves and families Otuaro who was conducted round the fishing cluster by Mr Felix Mutu the Chief Executive Officer of the farm said he was glad to see the good works of the young man who had taken the initiative of the state government to fend for himself and employed many youths He cautioned youths and the unemployed in the communities streets and cities across the nation looking for jobs to revert to agriculture to provide for themselves and the families From what we have seen here today we are very excited Like the commissioner for agriculture said this initiative merits our support And supporting this well intended hardworking gentleman as we have seen it is going to be encouraging and that will stand as an example to many others We cannot afford to fold our hands as a people or maybe working in the street of our cities and looking for job opportunities that are not just available We must just try the best we can to fend for ourselves and members of our family by looking inward doing things that are productive that can really add value to our family and our society as well This is very heart warming We will ensure as government to articulate comprehensively the needs just as he has told us here to be an encouragement to many of our young people he said The State Commissioner for Agriculture and Natural Resources Mr Julius Egbedi commended the deputy governor for being a part of the tour which invariably gave him the opportunity to see what was on ground at Uvwie We have gone to several farms but what we have here is unique and this Young man has done very well If you listen to his address carefully you will discover that one of the cardinal programmes the governor has is exactly what he has done here The governor is doing everything possible to empower our youths in the areas of agriculture in our fish programme exactly Mutu has done here is what we are doing Egbedi said The commissioner reassured Mutu of government s assistance soon to encourage his job creation ability which had currently been thwarted by the ravaging the COVID 19 pandemic Edited By Grace Yussuf NAN
    Delta govt. assures youths in agriculture of support
    Agriculture2 years ago

    Delta govt. assures youths in agriculture of support

    Delta Deputy Gov. Mr Kingsley Otuaro has assured youths in agriculture of the state government’s support to boost their activities and returns on investment.

    Otuaro gave the assurance when he visited the Flourish-Bentam Agro-fish Farm, Nigeria Ltd., Okpuku Aragba, Ekpan in Uvwie Local Government Area of state in a statement from the State Ministry of Information on Tuesday in Asaba.

    The deputy governor said government would not watch the youths remain idle instead of being encouraged in productive ventures to fend for themselves and families.

    Otuaro, who was conducted round the fishing cluster by Mr Felix Mutu, the Chief Executive Officer of the farm, said he was glad to see the good works of the young man who had taken the initiative of the state government to fend for himself and employed many youths.

    He cautioned youths and the unemployed in the communities, streets and cities across the nation looking for jobs to revert to agriculture to provide for themselves and the families.

    “From what we have seen here today, we are very excited. Like the commissioner for agriculture said, this initiative merits our support.

    “And supporting this well intended, hardworking gentleman as we have seen it is going to be encouraging and that will stand as an example to many others.

    “We cannot afford to fold our hands as a people or maybe working in the street of our cities and looking for job opportunities that are not just available.

    “We must just try the best we can to fend for ourselves and members of our family by looking inward doing things that are productive that can really add value to our family, and our society as well.

    “This is very heart warming. We will ensure as government to articulate comprehensively the needs just as he has told us here to be an encouragement to many of our young people,” he said.

    The State Commissioner for Agriculture and Natural Resources, Mr Julius Egbedi commended the deputy governor for being a part of the tour, which invariably gave him the opportunity to see what was on ground at Uvwie.

    “We have gone to several farms, but what we have here is unique and this Young man has done very well.

    “If you listen to his address carefully, you will discover that one of the cardinal programmes the governor has is exactly what he has done here.

    “The governor is doing everything possible to empower our youths in the areas of agriculture; in our fish programme, exactly Mutu has done here, is what we are doing,” Egbedi said.

    The commissioner reassured Mutu of government’s assistance soon to encourage his job creation ability, which had currently been thwarted by the ravaging the COVID-19 pandemic.


    Edited By: Grace Yussuf (NAN)

     

     

     

  •  The Economic and Financial Crimes Commission EFCC on Tuesday filed fresh charges bordering on money laundering against a Briton linked with alleged scam in the Process and Industrial Development P ID Nigeria Ltd Mr James Nolan Nolan was arraigned by the EFCC before Justice Ahmed Mohammed of the Federal High Court Abuja alongside six companies in six separate charges The News Agency of Nigeria reports that while the EFCC is the complainant Nolan and the six companies are 2nd and 1st defendants respectively in the six different charges The companies are Ecophoenix Nigeria Ltd Lurgi Consult Ltd Kristholm Nigeria Ltd Marshpearl Nigeria Ltd L I R Resources Nigeria Ltd and Babcock Electrical Projects Ltd At the court session on Tuesday the anti graft agency arraigned Nolan alongside Lurgi Consult LTD on 8 counts with suit no 143 20In the second charge marked 144 20 he is answering to five counts alongside Kristholm Nigeria LTD In the third charge with suit no 145 20 Marshpeal Nigeria ltd and Nolan are faced with six counts In another charge marked 146 20 the EFCC preferred six counts against Nolan and Babcock Electrical Projects Ltd Also the British national is answering to a six count charge in a suit no 147 20 together with L I R Resources Nigeria Ltd In the sixth charged marked CR 148 20 Nolan and Ecophoenix Nigeria Ltd are faced with a six count charge In the eight count charge involving Ecophoenix Nigeria Ltd and Nolan 1st and 2nd defendants respectively the duo was accused of acting in contravention to the Money Laundering Act That you Ecophoenix Ltd being a designated non financial institution Adam Quinn at large a director of Ecophoenix Ltd and James Nolan a director of Ecophoenix Ltd sometime in September 2013 in Abuja within the jurisdiction of this honourable court failed to copy with the requirements of submitting to the Federal Ministry of Industry Trade and Investment a declaration of the activities of Ecophoemix Ltd as specified under Section 5 1 a ii of the Money Laundering Prohibition Act 2011 as amended and you therefore committed an offence punishable under Section 16 2 b of the same Act the first count read The anti graft agency also accused the company Nolan and Quinn who is also a director in P ID Nigeria Ltd of failure to report in writing to the EFCC a lodgment of the sum of N16 400 000 00 from one Dikko Mohammed Abdullahi into Ecophoenix Ltd bank account domiciled in a commercial bank on July 22 2014 as specified in the Money Laundering Prohibition Act 2011 among others The other five charges were also read one after another to Nolan who pleaded not guilty to them The EFCC Counsel Bala Sanga had informed the court that the charges dated July 24 were filed July 27 The two defendants were served on 29th of July 2020 I urge that the charges be read to the defendants he said However Sanga prayed the court that Nolan should be remanded in a correctional service centre pending when his bail would be perfected Paul Erokoro SAN lawyer to the Briton objected to the prayer The lawyer who cited an old case to back his argument said Section 158 of the Administration of Criminal Justice Act ACJA gives an opportunity to a defendant to be admitted to bail And we rely on the fact that the defendant had already been admitted to bail by this honourable court in a sister case in the charge number 239 2019 pending and being held by your learner brother Justice Okon Abang sitting at court 6 We pray that the terms of bail granted by this court in a sister case as varied by the Court of Appeal on July 7 2020 with charge number CA 97C 2020 be adopted by this honourable court and apply to this present trial he said Erokoro also told the court that they were ready for the commencement of the trial Sanga who said he had no objection to the terms of the bail giving by the appellate court said the commission s concern was for the defendant to present himself for trial Justice Mohammed after listening to the arguments ordered that Nolan should be admitted to bail on the conditions given by the sister court as varied by the Appeal Court He adjourned the matter until Oct 5 for trial NAN reports that P ID an Irish engineering company had secured a 9 6 billion award against Nigeria following the non execution of a 20 year gas and supply processing agreement GSPA the company had with the Federal Government The Federal Government has however appealed the judgment in a London high court Edited By Sadiya Hamza NAN
    Alleged P&ID scam: EFCC files fresh charges against Briton
     The Economic and Financial Crimes Commission EFCC on Tuesday filed fresh charges bordering on money laundering against a Briton linked with alleged scam in the Process and Industrial Development P ID Nigeria Ltd Mr James Nolan Nolan was arraigned by the EFCC before Justice Ahmed Mohammed of the Federal High Court Abuja alongside six companies in six separate charges The News Agency of Nigeria reports that while the EFCC is the complainant Nolan and the six companies are 2nd and 1st defendants respectively in the six different charges The companies are Ecophoenix Nigeria Ltd Lurgi Consult Ltd Kristholm Nigeria Ltd Marshpearl Nigeria Ltd L I R Resources Nigeria Ltd and Babcock Electrical Projects Ltd At the court session on Tuesday the anti graft agency arraigned Nolan alongside Lurgi Consult LTD on 8 counts with suit no 143 20In the second charge marked 144 20 he is answering to five counts alongside Kristholm Nigeria LTD In the third charge with suit no 145 20 Marshpeal Nigeria ltd and Nolan are faced with six counts In another charge marked 146 20 the EFCC preferred six counts against Nolan and Babcock Electrical Projects Ltd Also the British national is answering to a six count charge in a suit no 147 20 together with L I R Resources Nigeria Ltd In the sixth charged marked CR 148 20 Nolan and Ecophoenix Nigeria Ltd are faced with a six count charge In the eight count charge involving Ecophoenix Nigeria Ltd and Nolan 1st and 2nd defendants respectively the duo was accused of acting in contravention to the Money Laundering Act That you Ecophoenix Ltd being a designated non financial institution Adam Quinn at large a director of Ecophoenix Ltd and James Nolan a director of Ecophoenix Ltd sometime in September 2013 in Abuja within the jurisdiction of this honourable court failed to copy with the requirements of submitting to the Federal Ministry of Industry Trade and Investment a declaration of the activities of Ecophoemix Ltd as specified under Section 5 1 a ii of the Money Laundering Prohibition Act 2011 as amended and you therefore committed an offence punishable under Section 16 2 b of the same Act the first count read The anti graft agency also accused the company Nolan and Quinn who is also a director in P ID Nigeria Ltd of failure to report in writing to the EFCC a lodgment of the sum of N16 400 000 00 from one Dikko Mohammed Abdullahi into Ecophoenix Ltd bank account domiciled in a commercial bank on July 22 2014 as specified in the Money Laundering Prohibition Act 2011 among others The other five charges were also read one after another to Nolan who pleaded not guilty to them The EFCC Counsel Bala Sanga had informed the court that the charges dated July 24 were filed July 27 The two defendants were served on 29th of July 2020 I urge that the charges be read to the defendants he said However Sanga prayed the court that Nolan should be remanded in a correctional service centre pending when his bail would be perfected Paul Erokoro SAN lawyer to the Briton objected to the prayer The lawyer who cited an old case to back his argument said Section 158 of the Administration of Criminal Justice Act ACJA gives an opportunity to a defendant to be admitted to bail And we rely on the fact that the defendant had already been admitted to bail by this honourable court in a sister case in the charge number 239 2019 pending and being held by your learner brother Justice Okon Abang sitting at court 6 We pray that the terms of bail granted by this court in a sister case as varied by the Court of Appeal on July 7 2020 with charge number CA 97C 2020 be adopted by this honourable court and apply to this present trial he said Erokoro also told the court that they were ready for the commencement of the trial Sanga who said he had no objection to the terms of the bail giving by the appellate court said the commission s concern was for the defendant to present himself for trial Justice Mohammed after listening to the arguments ordered that Nolan should be admitted to bail on the conditions given by the sister court as varied by the Appeal Court He adjourned the matter until Oct 5 for trial NAN reports that P ID an Irish engineering company had secured a 9 6 billion award against Nigeria following the non execution of a 20 year gas and supply processing agreement GSPA the company had with the Federal Government The Federal Government has however appealed the judgment in a London high court Edited By Sadiya Hamza NAN
    Alleged P&ID scam: EFCC files fresh charges against Briton
    Judiciary2 years ago

    Alleged P&ID scam: EFCC files fresh charges against Briton

    The Economic and Financial Crimes Commission (EFCC), on Tuesday, filed fresh charges bordering on money laundering against a Briton linked with alleged scam in  the Process and Industrial Development (P&ID) Nigeria Ltd., Mr James Nolan. 

     

    Nolan was arraigned by the EFCC before Justice Ahmed Mohammed of the Federal High Court, Abuja, alongside six companies in six separate charges.

     

    The News Agency of Nigeria reports that while the EFCC is the complainant, Nolan and the six companies are 2nd and 1st defendants respectively in the six different charges.  

     

    The companies are: Ecophoenix Nigeria Ltd, Lurgi Consult Ltd, Kristholm Nigeria Ltd, Marshpearl Nigeria Ltd, L.I.R. Resources Nigeria Ltd and Babcock Electrical Projects Ltd. 

     

    At the court session on Tuesday, the anti-graft agency arraigned Nolan alongside Lurgi Consult LTD on 8 counts with suit no: /143/20

    In the second charge marked /144/20, he is answering to five counts alongside Kristholm Nigeria LTD.

    In the third charge with suit no: /145/20, Marshpeal Nigeria ltd and Nolan are faced with six counts.

    In another charge marked: /146/20, the EFCC preferred six counts against Nolan and Babcock Electrical Projects Ltd.

    Also, the British national is answering to a six-count charge in a suit no: /147/20 together with L.I.R. Resources Nigeria Ltd.

    In the sixth charged marked )/CR/148/20, Nolan and Ecophoenix Nigeria Ltd are faced with a six-count charge.

     

    In the eight-count charge involving Ecophoenix Nigeria Ltd and Nolan (1st and 2nd defendants respectively), the duo was accused of acting in contravention to the Money Laundering Act.

    “That you, Ecophoenix Ltd, being a designated non-financial institution; Adam Quinn (at large), a director of Ecophoenix Ltd and James Nolan, a director of Ecophoenix Ltd; sometime in September 2013, in Abuja, within the jurisdiction of this honourable court, failed to copy with the requirements of submitting to the Federal Ministry of Industry, Trade and Investment, a declaration of the activities of Ecophoemix Ltd as specified under Section 5(1)(a)(ii) of the Money Laundering (Prohibition) Act, 2011 (as amended) and you therefore committed an offence punishable under Section 16(2)(b) of the same Act,” the first count read.

     

    The anti-graft agency also accused the company, Nolan and Quinn, who is also a director in P&ID Nigeria Ltd, of failure to report in writing to the EFCC a lodgment of the sum of N16, 400, 000. 00 from one Dikko Mohammed Abdullahi into Ecophoenix Ltd bank account domiciled in a commercial bank on July 22, 2014, as specified in the Money Laundering (Prohibition) Act, 2011, among others.

     

    The other five charges were also read one after another to Nolan, who pleaded not guilty to them.

     

    The EFCC Counsel, Bala Sanga, had informed the court that the charges dated July 24 were filed July 27.

     

    “The two defendants were served on 29th of July, 2020. I urge that the charges be read to the defendants,” he said. 

    However, Sanga prayed the court that Nolan should be remanded in a correctional service centre pending when his bail would be perfected.

     

    Paul Erokoro, SAN, lawyer to the Briton, objected to the prayer. 

     

    The lawyer, who cited an old case to back his argument, said Section 158 of the Administration of Criminal Justice Act (ACJA) gives an opportunity to a defendant to be admitted to bail.

    “And we rely on the fact that the defendant had already been admitted to bail by this honourable court in a sister case in the charge number: /239/2019 pending and being held by your learner brother, Justice Okon Abang, sitting at court 6.

     

    “We pray that the terms of bail granted by this court in a sister case as varied by the Court of Appeal on July 7, 2020, with charge number: CA/97C/2020 be adopted by this honourable court and apply to this present trial,” he said.

    Erokoro also told the court that they were ready for the commencement of the trial.

    Sanga, who said he had no objection to the terms of the bail giving by the appellate court,  said the commission’s concern was for the defendant to present himself for trial.

    Justice Mohammed, after listening to the arguments, ordered that Nolan should be admitted to bail on the conditions given by the sister court as varied by the Appeal Court.

    He adjourned the matter until Oct. 5 for trial.

    NAN reports that P&ID, an Irish engineering company, had secured a $9.6 billion award against Nigeria following the non-execution of a 20-year gas and supply processing agreement (GSPA) the company had with the Federal Government.

    The Federal Government has, however, appealed the judgment  in a London high court.


    Edited By: Sadiya Hamza (NAN)

  •  Vice President Yemi Osinbajo says there is need for purpose built virtual proceedings software that takes into account the various needs of trials and other court proceedings Osinbajo s spokesman Laolu Akande in a statement on Thursday in Abuja said the vice president made the submission in his keynote at the Virtual Law Pavilion Technology Conference The Chief Justice of Nigeria Justice Tanko Muhammed the President of the Nigerian Bar Association Paul Usoro among others also addressed the the 2020 Legal Tech Conference with the theme A New Paradigm in Justice Delivery According to Osinbajo the advance of technology is fast tracking the democratisation of law and justice in Nigeria No one believed the day would come when the Supreme Court would as it has now done endorse virtual court proceedings or that the day will come when e filing of court processes will be considered medically safer than physical filing of court processes Today even judges especially older ones will of course prefer virtual processes to in person proceedings technology and the fourth industrial revolution are no longer luxuries but they are the inevitable substructure of our new way of life For the administration of justice system change has surely come and I am personally excited to see how easily our entire judicial system is willingly adapting to innovation Tech companies must now innovate even more we must now have purpose built virtual proceedings software that takes into account the various needs of trials and other court proceedings There will be opportunities for retraining of judicial personnel lawyers and paralegal staff the new normal calls for new skills and new ways of doing old things and doing away with many old habits he said The vice president said there was need for the entirety of Nigeria s justice sector to embrace the new way of doing things as the disruptions caused by the COVID 19 pandemic had necessitated the adoption of technology for all court processes Osinbajo said that the Chief Justice of Nigeria had already set the example of adaptation to the new paradigm He urged lawyers and stakeholders in the justice sector to be prepared for the times ahead by finding alternative and better ways of delivering legal and associated services The next few years will see even more changes artificial Intelligence AI will play a bigger role in our court systems I am told that Law Pavilion is already pioneering an AI Powered Speech to Text Transcription System to replace writing in long hand and even the traditional slow stenographic recording There is also the AI Powered Document Review System that helps judges quickly extract authorities and laws cited in any legal documents outlines and analyses the principles relied upon automatically in seconds This is aside from the comprehensive court proceedings software that they have now perfected he said He restated the commitment of the President Muhammadu Buhari administration to support technology companies to drive the gradual shift of systems in the country to the new normal In his contribution Muhammed said that the judiciary which played a crucial role in the economic development of Nigeria must embrace changes within the environment so that it would continue to remain relevant in the scheme of things The Legal Tech Conference is organised by the Law Pavilion in partnership with TELNET Nigeria Ltd The conference a 2 day virtual event features other speakers including Supreme Court Justice Olukayode Ariwoola Ondo State Chief Judge Olarenwaju Olutoyin Akeredolu Borno State Chief Judge Kashima Zannah Others are Ekiti State Attorney General and Justice Commissioner Olawale Fapohunda and Mr Dapo Akinosun Partner SimmonsCooper among others Edited By Felix Ajide NAN
    Osinbajo advocates purpose-built software for virtual court proceedings
     Vice President Yemi Osinbajo says there is need for purpose built virtual proceedings software that takes into account the various needs of trials and other court proceedings Osinbajo s spokesman Laolu Akande in a statement on Thursday in Abuja said the vice president made the submission in his keynote at the Virtual Law Pavilion Technology Conference The Chief Justice of Nigeria Justice Tanko Muhammed the President of the Nigerian Bar Association Paul Usoro among others also addressed the the 2020 Legal Tech Conference with the theme A New Paradigm in Justice Delivery According to Osinbajo the advance of technology is fast tracking the democratisation of law and justice in Nigeria No one believed the day would come when the Supreme Court would as it has now done endorse virtual court proceedings or that the day will come when e filing of court processes will be considered medically safer than physical filing of court processes Today even judges especially older ones will of course prefer virtual processes to in person proceedings technology and the fourth industrial revolution are no longer luxuries but they are the inevitable substructure of our new way of life For the administration of justice system change has surely come and I am personally excited to see how easily our entire judicial system is willingly adapting to innovation Tech companies must now innovate even more we must now have purpose built virtual proceedings software that takes into account the various needs of trials and other court proceedings There will be opportunities for retraining of judicial personnel lawyers and paralegal staff the new normal calls for new skills and new ways of doing old things and doing away with many old habits he said The vice president said there was need for the entirety of Nigeria s justice sector to embrace the new way of doing things as the disruptions caused by the COVID 19 pandemic had necessitated the adoption of technology for all court processes Osinbajo said that the Chief Justice of Nigeria had already set the example of adaptation to the new paradigm He urged lawyers and stakeholders in the justice sector to be prepared for the times ahead by finding alternative and better ways of delivering legal and associated services The next few years will see even more changes artificial Intelligence AI will play a bigger role in our court systems I am told that Law Pavilion is already pioneering an AI Powered Speech to Text Transcription System to replace writing in long hand and even the traditional slow stenographic recording There is also the AI Powered Document Review System that helps judges quickly extract authorities and laws cited in any legal documents outlines and analyses the principles relied upon automatically in seconds This is aside from the comprehensive court proceedings software that they have now perfected he said He restated the commitment of the President Muhammadu Buhari administration to support technology companies to drive the gradual shift of systems in the country to the new normal In his contribution Muhammed said that the judiciary which played a crucial role in the economic development of Nigeria must embrace changes within the environment so that it would continue to remain relevant in the scheme of things The Legal Tech Conference is organised by the Law Pavilion in partnership with TELNET Nigeria Ltd The conference a 2 day virtual event features other speakers including Supreme Court Justice Olukayode Ariwoola Ondo State Chief Judge Olarenwaju Olutoyin Akeredolu Borno State Chief Judge Kashima Zannah Others are Ekiti State Attorney General and Justice Commissioner Olawale Fapohunda and Mr Dapo Akinosun Partner SimmonsCooper among others Edited By Felix Ajide NAN
    Osinbajo advocates purpose-built software for virtual court proceedings
    Judiciary2 years ago

    Osinbajo advocates purpose-built software for virtual court proceedings

    Vice President Yemi Osinbajo says there is need for purpose-built virtual-proceedings software that takes into account the various needs of trials and other court proceedings.

    Osinbajo’s spokesman, Laolu Akande, in a statement on Thursday in Abuja, said the vice president made the submission in his keynote at the Virtual Law Pavilion Technology Conference.

    The Chief Justice of Nigeria, Justice Tanko Muhammed, the President of the Nigerian Bar Association, Paul Usoro, among others also  addressed the  the 2020 Legal Tech Conference with the theme “A New Paradigm in Justice Delivery”.

    According to Osinbajo, the advance of technology is fast-tracking the democratisation of law and justice in Nigeria.

    “No one believed the day would come when the Supreme Court would, as it has now done, endorse virtual court proceedings; or that the day will come when e-filing of court processes will be considered medically safer than physical filing of court processes.

    “Today, even judges, especially older ones, will of course prefer virtual processes to in-person proceedings; technology and the fourth industrial revolution, are no longer luxuries but they are the inevitable substructure of our new way of life.

    “For the administration of justice system, change has surely come and I am personally excited to see how easily our entire judicial system is willingly adapting to innovation.

    “Tech companies must now innovate even more; we must now have purpose-built virtual-proceedings software that takes into account the various needs of trials and other court proceedings.

    “There will be opportunities for retraining of judicial personnel, lawyers, and paralegal staff, the new normal calls for new skills and new ways of doing old things and doing away with many old habits,” he said.

    The vice president said there was need for the entirety of Nigeria’s justice sector to embrace the new way of doing things as the disruptions caused by the COVID-19 pandemic had necessitated the adoption of technology for all court processes.

    Osinbajo said that the Chief Justice of Nigeria had already set the example of adaptation to the new paradigm.

    He urged lawyers and stakeholders in the justice sector to be prepared for the times ahead by finding alternative and better ways of delivering legal and associated services.

    “The next few years will see even more changes; artificial Intelligence (AI) will play a bigger role in our court systems.

    “ I am told that Law Pavilion is already pioneering an AI-Powered-Speech-to-Text- Transcription System to replace writing in long hand and even the traditional slow stenographic recording.

    “There is also the AI-Powered Document Review System that helps judges quickly extract authorities and laws cited in any legal documents, outlines and analyses the principles relied upon automatically, in seconds.

    “This is aside from the comprehensive court proceedings software that they have now perfected,” he said.

    He restated the commitment of the President Muhammadu Buhari administration to support technology companies to drive the gradual shift of systems, in the country, to the ‘new normal’.

    In his contribution, Muhammed said that the judiciary, which played a crucial role in the economic development of Nigeria, must embrace changes within the environment so that it would continue to remain relevant in the scheme of things.

    The Legal Tech Conference is organised by the Law Pavilion in partnership with TELNET Nigeria Ltd.

    The conference, a 2-day virtual event features other speakers including Supreme Court Justice, Olukayode Ariwoola; Ondo State Chief Judge, Olarenwaju Olutoyin Akeredolu; Borno State Chief Judge, Kashima Zannah.

    Others are Ekiti State Attorney General and Justice Commissioner, Olawale Fapohunda; and Mr Dapo Akinosun, Partner, SimmonsCooper, among others.


    Edited By: Felix Ajide (NAN)

     

     

     

     

     

     

  •  First Bank of Nigeria Ltd says it has processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020 Dr Adesola Adeduntan FirstBank Chief Executive Officer disclosed this on Thursday at the bank s FinTech Summit 4 0 webinar in Lagos The 2020 edition of the summit was themed How Blockchain and Artificial Intelligence AI will Disrupt FinTech in Nigeria With more than 60 000 Firstmonie Agent Banking locations we have to date processed over 320 million customer transactions worth over N6 trillion on the FirstMonie Agent Network as at July 2020 further cementing our leadership in the agency banking space Adeduntan said He said that FirstBank had become the foremost financial inclusion solutions provider with over nine million USSD users processing over 200 million transactions to date At FirstBank we provide an array of digital financial services with the use of our various payment channels to reach carefully segmented audiences with tailor made financial solutions Some of these channels which have become the toast of customers and the industry include FirstMobile app USSD 894 and FirstMonie with the popular Firstmonie Agent Banking Network that is at the forefront of the national financial inclusion revolution the CEO said Adeduntan noted that the emergence of the COVID 19 pandemic had provided a ready canvas for stretching the bank s FinTech readiness and exploits Indeed the COVID 19 pandemic has become a catalyst for the accelerated technology and digital transformation that we are witnessing across so many industries and areas of human endeavour There is no doubt that the FinTech industry is currently the fastest growing sector within Nigeria which is mostly run by a sizeable number of young entrepreneurs Since the inception of the FirstBank Digital Lab we have established relationships with companies like PiggyVest Terragon VoguePay and PayStack within the Fintech sector which have positioned FirstBank as your Fintech partner of choice he stated He recalled that FirstMobile App was awarded the Best Mobile Banking App in Nigeria in 2019 by the UK based Global Business Outlook Adeduntan noted that the bank recently revamped the FirstMobile App to include new features such as inflow and outflow dashboard beneficiary management and profile personalisation We have equally deployed new capabilities such as insurance payment pay your electricity bills with 894 on our USSD platform The business world and the workplace have changed However I would like us to see the COVID 19 era from a positive lens a period of new opportunities Therefore the era calls for a more deliberate approach in reviewing and identifying new opportunities he said Adeduntan assured that the bank would continue to provide first class customer service business advisory and financial support to grow its customers businesses He said it would also continue to expand the vistas of innovations in its products and services to boost customer experience and grow the national economy Speaking at the webinar Mr Chinedu Echeruo founder of HopStop and the keynote speaker commended the bank for being innovative in all its products offerings and services Echeruo said the world had entered a new age with the fourth industrial revolution noting that organisations should use technology to create new values for their customers He explained that AI enables one to predict something as well predict what would happen in future noting that disruptions bring about opportunities According to him companies should find a way to use blockchain to harness AI to collapse risk in the system Mr Aminu Maida Executive Director Technology and Operations Nigeria Inter Bank Settlement System Plc NIBSS one of the panelists stressed the need for innovative and collaborative effort to achieve the desired growth The reality of today s consumers is that they want everything now and they want to achieve their experience at the same time Maida said He said that NIBSS had adopted AI in tackling fraud and enhancing security to enable their customers to have confidence in their services Maida stated that technology was ahead of reguation noting that they needed to be open to allow customers inform them on what they need Mr Musa Jimoh Director Payments System Management Department Central Bank of Nigeria said the apex bank had instituted a five year strategy 2025 with new initiatives to strengthen regulation Jimoh said that COVID 19 had increased exposure that we can make payments without physical contact Mr Chuma Ezirim FirstBank Group Executive e Business and Retail Products said over 65 per cent of its customer base bank with FisrtBank through its digital channels and 10 6 million active cards Ezirim explained that the bank was a technology company offering financial services adding that it processes 90 customers initiated successful transactions per second Also speaking Mr Callistus Obetta Group Executive Technology and Services said the best platform to build was people He said that the bank would continue to build its people to ensure efficient service delivery Edited By Tayo Ikujuni Oluwole Sogunle NAN
    FirstBank has processed N6trn transactions through FirstMonie network — Adeduntan
     First Bank of Nigeria Ltd says it has processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020 Dr Adesola Adeduntan FirstBank Chief Executive Officer disclosed this on Thursday at the bank s FinTech Summit 4 0 webinar in Lagos The 2020 edition of the summit was themed How Blockchain and Artificial Intelligence AI will Disrupt FinTech in Nigeria With more than 60 000 Firstmonie Agent Banking locations we have to date processed over 320 million customer transactions worth over N6 trillion on the FirstMonie Agent Network as at July 2020 further cementing our leadership in the agency banking space Adeduntan said He said that FirstBank had become the foremost financial inclusion solutions provider with over nine million USSD users processing over 200 million transactions to date At FirstBank we provide an array of digital financial services with the use of our various payment channels to reach carefully segmented audiences with tailor made financial solutions Some of these channels which have become the toast of customers and the industry include FirstMobile app USSD 894 and FirstMonie with the popular Firstmonie Agent Banking Network that is at the forefront of the national financial inclusion revolution the CEO said Adeduntan noted that the emergence of the COVID 19 pandemic had provided a ready canvas for stretching the bank s FinTech readiness and exploits Indeed the COVID 19 pandemic has become a catalyst for the accelerated technology and digital transformation that we are witnessing across so many industries and areas of human endeavour There is no doubt that the FinTech industry is currently the fastest growing sector within Nigeria which is mostly run by a sizeable number of young entrepreneurs Since the inception of the FirstBank Digital Lab we have established relationships with companies like PiggyVest Terragon VoguePay and PayStack within the Fintech sector which have positioned FirstBank as your Fintech partner of choice he stated He recalled that FirstMobile App was awarded the Best Mobile Banking App in Nigeria in 2019 by the UK based Global Business Outlook Adeduntan noted that the bank recently revamped the FirstMobile App to include new features such as inflow and outflow dashboard beneficiary management and profile personalisation We have equally deployed new capabilities such as insurance payment pay your electricity bills with 894 on our USSD platform The business world and the workplace have changed However I would like us to see the COVID 19 era from a positive lens a period of new opportunities Therefore the era calls for a more deliberate approach in reviewing and identifying new opportunities he said Adeduntan assured that the bank would continue to provide first class customer service business advisory and financial support to grow its customers businesses He said it would also continue to expand the vistas of innovations in its products and services to boost customer experience and grow the national economy Speaking at the webinar Mr Chinedu Echeruo founder of HopStop and the keynote speaker commended the bank for being innovative in all its products offerings and services Echeruo said the world had entered a new age with the fourth industrial revolution noting that organisations should use technology to create new values for their customers He explained that AI enables one to predict something as well predict what would happen in future noting that disruptions bring about opportunities According to him companies should find a way to use blockchain to harness AI to collapse risk in the system Mr Aminu Maida Executive Director Technology and Operations Nigeria Inter Bank Settlement System Plc NIBSS one of the panelists stressed the need for innovative and collaborative effort to achieve the desired growth The reality of today s consumers is that they want everything now and they want to achieve their experience at the same time Maida said He said that NIBSS had adopted AI in tackling fraud and enhancing security to enable their customers to have confidence in their services Maida stated that technology was ahead of reguation noting that they needed to be open to allow customers inform them on what they need Mr Musa Jimoh Director Payments System Management Department Central Bank of Nigeria said the apex bank had instituted a five year strategy 2025 with new initiatives to strengthen regulation Jimoh said that COVID 19 had increased exposure that we can make payments without physical contact Mr Chuma Ezirim FirstBank Group Executive e Business and Retail Products said over 65 per cent of its customer base bank with FisrtBank through its digital channels and 10 6 million active cards Ezirim explained that the bank was a technology company offering financial services adding that it processes 90 customers initiated successful transactions per second Also speaking Mr Callistus Obetta Group Executive Technology and Services said the best platform to build was people He said that the bank would continue to build its people to ensure efficient service delivery Edited By Tayo Ikujuni Oluwole Sogunle NAN
    FirstBank has processed N6trn transactions through FirstMonie network — Adeduntan
    Economy2 years ago

    FirstBank has processed N6trn transactions through FirstMonie network — Adeduntan

    First Bank of Nigeria Ltd says it has processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020.

    Dr Adesola Adeduntan, FirstBank Chief Executive Officer, disclosed this on Thursday, at the bank’s FinTech Summit 4.0 webinar in Lagos.

    The 2020 edition of the summit, was themed; “How Blockchain and Artificial Intelligence (AI) will Disrupt FinTech in Nigeria”.

    “With more than 60,000 Firstmonie Agent Banking locations, we have to date processed over 320 million customer transactions worth over N6 trillion on the FirstMonie Agent Network as at July 2020, further cementing our leadership in the agency banking space,” Adeduntan said.

    He said that FirstBank had become the foremost financial inclusion solutions provider with over nine million USSD users, processing over 200 million transactions to date.

    “At FirstBank, we provide an array of digital financial services with the use of our various payment channels to reach carefully segmented audiences with tailor-made financial solutions.

    “Some of these channels, which have become the toast of customers and the industry, include: FirstMobile app, USSD (*894#) and FirstMonie, with the popular Firstmonie Agent Banking Network that is at the forefront of the national financial inclusion revolution,” the CEO said.

    Adeduntan noted that the emergence of the COVID-19 pandemic had provided a ready canvas for stretching the bank’s FinTech readiness and exploits.

    “Indeed, the COVID-19 pandemic has become a catalyst for the accelerated technology and digital transformation that we are witnessing across so many industries and areas of human endeavour.

    “There is no doubt that the FinTech industry is currently the fastest growing sector within Nigeria, which is mostly run by a sizeable number of young entrepreneurs.

    “Since the inception of the FirstBank Digital Lab, we have established relationships with companies like PiggyVest, Terragon, VoguePay and PayStack within the Fintech sector, which have positioned FirstBank as your Fintech partner of choice,” he stated.

    He recalled that FirstMobile App was awarded the Best Mobile Banking App in Nigeria in 2019 by the UK-based Global Business Outlook.

    Adeduntan noted that the bank recently revamped the FirstMobile App to include new features such as inflow and outflow dashboard, beneficiary management and profile personalisation.

    “We have equally deployed new capabilities such as insurance payment, pay your electricity bills with *894# on our USSD platform.

    “The business world and the workplace have changed. However, I would like us to see the COVID-19 era from a positive lens – a period of new opportunities.

    “Therefore, the era calls for a more deliberate approach in reviewing and identifying new opportunities,” he said.

    Adeduntan assured that the bank would continue to provide first class customer service, business advisory and financial support to grow its customers businesses.

    He said it would also continue to expand the vistas of innovations in its products and services, to boost customer experience and grow the national economy.

    Speaking at the webinar, Mr Chinedu Echeruo, founder of HopStop and the keynote speaker, commended the bank for being innovative in all its products offerings and services.

    Echeruo said the world had entered a new age with the fourth industrial revolution, noting that organisations should use technology to create new values for their customers.

    He explained that AI enables one to predict something as well predict what would happen in future, noting that disruptions bring about opportunities.

    According to him, companies should find a way to use blockchain to harness AI to collapse risk in the system.

    Mr Aminu Maida, Executive Director, Technology and Operations, Nigeria Inter-Bank Settlement System Plc (NIBSS), one of the panelists, stressed the need for innovative and collaborative effort to achieve the desired growth.

    “The reality of today’s consumers is that they want everything now and they want to achieve their experience at the same time,” Maida said.

    He said that NIBSS had adopted AI in tackling fraud and enhancing security, to enable their customers to have confidence in their services.

    Maida stated that technology was ahead of reguation, noting that they needed to be open to allow customers inform them on what they need.

    Mr Musa Jimoh, Director, Payments System Management Department, Central Bank of Nigeria, said the apex bank had instituted a five-year strategy 2025 with new initiatives to strengthen regulation.

    Jimoh said that COVID-19 had increased exposure that we can make payments without physical contact.

    Mr Chuma Ezirim, FirstBank Group Executive, e-Business and Retail Products, said over 65 per cent of its customer base bank with FisrtBank through its digital channels and 10.6 million active cards.

    Ezirim explained that the bank was a technology company offering financial services, adding that it processes 90 customers-initiated successful transactions per second.

    Also speaking, Mr Callistus Obetta, Group Executive, Technology and Services, said the best platform to build was people.

    He said that the bank would continue to build its people to ensure efficient service delivery.


    Edited By: Tayo Ikujuni/Oluwole Sogunle (NAN)

  •  The Accident and Investigation Bureau AIB says the chartered Carverton helicopter crash of Feb 2 2019 involving Vice President Yemi Osinbajo was caused by inappropriate landing techniques and non adherence to the company procedures by the pilots The Commissioner of the bureau Mr Akin Olateru said this on Tuesday during a media briefing on the release of four accident occurrence reports at the agency s headquarters The News Agency of Nigeria reports that the Agusta Westland 139 chopper with registration number 5N CML owned and operated by Caverton Helicopters Limited had crash landed at Kabba Stadium The chopper had on board Osinbajo and 11 others including the crew members and he was scheduled to inaugurate the distribution of Trader s Money to market women in Kogi Olateru explained that given a synopsis of the serious helicopter crash involving the Vice President at about 1346 hours the helicopter departed Abuja runway 22 for Kabba Kogi He said On Feb 2 2019 at about 0726 hours an Agusta Westland AW139 helicopter with nationality and registration marks 5N CML operated by Caverton Helicopters Limited departed Lagos for the Nnamdi Azikiwe International Airport in Abuja This was to conduct a VIP charter flight from Abuja to Okene via Kabba and return to Abuja The positioning flight to Abuja was normal The helicopter was refuelled and the flight crew prepared for the VIP charter flight to Kabba At about 1346 hours the helicopter departed Abuja runway 22 for Kabba On board were 12 persons including the Vice President of the Federal Republic of Nigeria his entourage and three crew members Pilot Co pilot and an engineer The flight crew stated that they sighted the intended landing area as a result of the cloud of residual dust generated by the downwash of a Police helicopter After sighting the football field the flight crew approached with the speed of 20 kt to about a 100ft and entered a hover to land At about 50 ft above ground level a brownout set in According to him the flight crew lost visual contact with the ground and external surroundings and the Co pilot began radio altitude callouts 35 30 25 20 and 15 At about 1434 hours the helicopter experienced a hard landing on the right main landing gear and rolled over onto its right side All persons on board were evacuated uninjured Olateru said that anticipated brownout condition during landing and lack of risk assessment limited landing site preparation and planning prior to commencement of the flight by the crew were part of the factors that contributed to the crash He said that as part of the safety recommendations the Nigerian Civil Aviation Authority NCAA was to conduct a Safety Management System SMS audit of Caverton Helicopters Olateru said The NCAA is to ensure that the company implements the immediate safety recommendation 2019 003 the NCAA all operators Letter FSG 002 and the recommendations documented in the Caverton Helicopters internal SMS investigation of the accident He directed NCAA to also ascertain that the Caverton Helicopters internal SMS processes in the maintenance activities requires the establishment of the reasons causes of equipment failure and the unavailability of the reasons of the failures Olateru said that others were the final accident and serious incident reports including those involving the Bombardier DHC 8 Q400 aircraft owned and operated by Aero Contractors Company of Nigeria Ltd The commissioner said this was with nationality and registration marks 5N BPU which occurred at FL240 80 NM to Lagos on April 18 2017 He said that the third report was on the serious incident involving a Diamond DA 42 aircraft with Nationality and Registration Marks 5N BNH According to him this aircraft is owned and operated by the International Aviation College which occurred on Runway 23 Ilorin International Airport on May 1 2019 The fourth report was on the serious incident involving a Diamond DA 40 aircraft with registration Marks 5N BRM owned and operated by International Aviation College which occurred on Runway 23 Ilorin International Airport on March 27 2014 Olateru then warned that any airline found wanting in tampering with recordings of Cockpit Voice Recorder CVR in the event of crash or serious incidents would be dealt with according to the law of the land He said that he had given the last warning to Air Peace Airlines which he accused of engaging in this practice and other airlines to desist from the action that is capable of making accident probes difficult Olateru explained that AIB would sign a Memorandum of Understanding MoU with Air Peace Airline on this He noted that a total of 32 final reports had been released since January 2017 which makes up 62 7 per cent of AIB s total of 51 Final Reports released since inception 2007 Olateru said 106 safety recommendations had been issued since 2017 saying this accounts for 56 7 per cent of the 187 reports issued since inception The commissioner said before the end of 2020 they should be able to release an additional six final reports to the public Edited By Vivian Ihechu Peter Dada NAN
    2019 Crash: Caverton’s pilot lacked landing techniques, says AIB
     The Accident and Investigation Bureau AIB says the chartered Carverton helicopter crash of Feb 2 2019 involving Vice President Yemi Osinbajo was caused by inappropriate landing techniques and non adherence to the company procedures by the pilots The Commissioner of the bureau Mr Akin Olateru said this on Tuesday during a media briefing on the release of four accident occurrence reports at the agency s headquarters The News Agency of Nigeria reports that the Agusta Westland 139 chopper with registration number 5N CML owned and operated by Caverton Helicopters Limited had crash landed at Kabba Stadium The chopper had on board Osinbajo and 11 others including the crew members and he was scheduled to inaugurate the distribution of Trader s Money to market women in Kogi Olateru explained that given a synopsis of the serious helicopter crash involving the Vice President at about 1346 hours the helicopter departed Abuja runway 22 for Kabba Kogi He said On Feb 2 2019 at about 0726 hours an Agusta Westland AW139 helicopter with nationality and registration marks 5N CML operated by Caverton Helicopters Limited departed Lagos for the Nnamdi Azikiwe International Airport in Abuja This was to conduct a VIP charter flight from Abuja to Okene via Kabba and return to Abuja The positioning flight to Abuja was normal The helicopter was refuelled and the flight crew prepared for the VIP charter flight to Kabba At about 1346 hours the helicopter departed Abuja runway 22 for Kabba On board were 12 persons including the Vice President of the Federal Republic of Nigeria his entourage and three crew members Pilot Co pilot and an engineer The flight crew stated that they sighted the intended landing area as a result of the cloud of residual dust generated by the downwash of a Police helicopter After sighting the football field the flight crew approached with the speed of 20 kt to about a 100ft and entered a hover to land At about 50 ft above ground level a brownout set in According to him the flight crew lost visual contact with the ground and external surroundings and the Co pilot began radio altitude callouts 35 30 25 20 and 15 At about 1434 hours the helicopter experienced a hard landing on the right main landing gear and rolled over onto its right side All persons on board were evacuated uninjured Olateru said that anticipated brownout condition during landing and lack of risk assessment limited landing site preparation and planning prior to commencement of the flight by the crew were part of the factors that contributed to the crash He said that as part of the safety recommendations the Nigerian Civil Aviation Authority NCAA was to conduct a Safety Management System SMS audit of Caverton Helicopters Olateru said The NCAA is to ensure that the company implements the immediate safety recommendation 2019 003 the NCAA all operators Letter FSG 002 and the recommendations documented in the Caverton Helicopters internal SMS investigation of the accident He directed NCAA to also ascertain that the Caverton Helicopters internal SMS processes in the maintenance activities requires the establishment of the reasons causes of equipment failure and the unavailability of the reasons of the failures Olateru said that others were the final accident and serious incident reports including those involving the Bombardier DHC 8 Q400 aircraft owned and operated by Aero Contractors Company of Nigeria Ltd The commissioner said this was with nationality and registration marks 5N BPU which occurred at FL240 80 NM to Lagos on April 18 2017 He said that the third report was on the serious incident involving a Diamond DA 42 aircraft with Nationality and Registration Marks 5N BNH According to him this aircraft is owned and operated by the International Aviation College which occurred on Runway 23 Ilorin International Airport on May 1 2019 The fourth report was on the serious incident involving a Diamond DA 40 aircraft with registration Marks 5N BRM owned and operated by International Aviation College which occurred on Runway 23 Ilorin International Airport on March 27 2014 Olateru then warned that any airline found wanting in tampering with recordings of Cockpit Voice Recorder CVR in the event of crash or serious incidents would be dealt with according to the law of the land He said that he had given the last warning to Air Peace Airlines which he accused of engaging in this practice and other airlines to desist from the action that is capable of making accident probes difficult Olateru explained that AIB would sign a Memorandum of Understanding MoU with Air Peace Airline on this He noted that a total of 32 final reports had been released since January 2017 which makes up 62 7 per cent of AIB s total of 51 Final Reports released since inception 2007 Olateru said 106 safety recommendations had been issued since 2017 saying this accounts for 56 7 per cent of the 187 reports issued since inception The commissioner said before the end of 2020 they should be able to release an additional six final reports to the public Edited By Vivian Ihechu Peter Dada NAN
    2019 Crash: Caverton’s pilot lacked landing techniques, says AIB
    Metro2 years ago

    2019 Crash: Caverton’s pilot lacked landing techniques, says AIB

    The Accident  and Investigation Bureau (AIB) says the chartered Carverton helicopter crash of Feb. 2, 2019  involving Vice-President Yemi Osinbajo was caused by inappropriate landing techniques and non-adherence to  the company procedures by  the pilots.

     

    The Commissioner of the bureau, Mr Akin Olateru, said this on Tuesday during a media briefing on the release of four accident occurrence reports at the agency’s headquarters.

     

    The News Agency of Nigeria reports that the Agusta Westland 139 chopper with registration number 5N-CML owned and operated by Caverton Helicopters Limited had crash-landed at Kabba Stadium.

     

    The chopper had on board Osinbajo and 11 others including the crew members and he was scheduled to inaugurate the distribution of Trader’s Money to market women in Kogi.

     

    Olateru explained that given a synopsis of the serious helicopter crash involving the Vice-President, at about 1346 hours, the helicopter departed Abuja runway 22 for Kabba, Kogi.

     

    He said: “On Feb.2,  2019, at about 0726 hours, an Agusta Westland (AW139) helicopter with nationality and registration marks 5N-CML operated by Caverton Helicopters Limited departed Lagos for the  Nnamdi Azikiwe International Airport in Abuja.

     

    “This was to conduct a VIP charter flight from Abuja to Okene via Kabba and return to Abuja. The positioning flight to Abuja was normal. The helicopter was refuelled and the flight crew prepared for the VIP charter flight to Kabba.

     

    “At about 1346 hours, the helicopter departed Abuja runway 22 for Kabba. On board were 12 persons including the Vice President of the Federal Republic of Nigeria, his entourage and three crew members (Pilot, Co-pilot and an engineer).

     

    “The flight crew stated that they sighted the intended landing area as a result of the cloud of residual dust generated by the downwash of a Police helicopter.

     

    “After sighting the football field, the flight crew approached with the speed of 20 kt to about a 100ft, and entered a hover to land. At about 50 ft above ground level, a brownout set in.”

     

    According to him, the flight crew lost visual contact with the ground and external surroundings and the Co-pilot began radio altitude callouts “35, 30, 25, 20 and 15”.

     

    “At about 1434 hours, the helicopter experienced a hard landing on the right main landing gear and rolled over onto its right side. All persons on board were evacuated uninjured.”

     

    Olateru said that  anticipated brownout condition during landing and lack of risk assessment, limited landing site preparation and planning prior to commencement of the flight by the crew were  part of the factors that contributed to the crash.

     

    He said that  as part of the  safety recommendations, the Nigerian Civil Aviation Authority (NCAA) was to conduct a Safety Management System (SMS) audit of Caverton Helicopters.

     

    Olateru said : “ The NCAA  is  to ensure that the company implements the immediate safety recommendation 2019-003, the NCAA all operators Letter (FSG 002), and the recommendations documented in the Caverton Helicopters internal SMS investigation of the accident.”

     

    He  directed NCAA to also ascertain that the Caverton Helicopters internal SMS processes in the maintenance activities requires the establishment of the reasons/causes of equipment failure and the unavailability of the reasons of the failures.

     

    Olateru said that others were the final accident and serious incident reports including those involving  the Bombardier DHC-8-Q400 aircraft owned and operated by Aero Contractors Company of Nigeria Ltd.

     

    The commissioner said this was with nationality and registration marks 5N-BPU, which occurred at FL240, 80 NM to Lagos on April 18, 2017.

     

    He said that the third report was on the serious incident involving a Diamond DA-42 aircraft with Nationality and Registration Marks 5N-BNH.

     

    According to him, this aircraft  is owned and operated by the International Aviation College which occurred on Runway 23 Ilorin International Airport on May 1, 2019.

     

    “The fourth report was on the serious incident involving a Diamond DA-40 aircraft with registration Marks 5N-BRM owned and operated by International Aviation College which occurred on Runway 23, Ilorin International Airport on March 27, 2014.”

     

    Olateru then warned that any airline found wanting in tampering with recordings of Cockpit Voice Recorder (CVR) in the event of crash or serious incidents would be dealt with according to the law of the land.

     

    He said that he had  given the last warning to  Air Peace Airlines which he accused of engaging in this practice and other airlines to desist from the action that is capable of making accident probes difficult.

     

    Olateru explained that AIB would sign a Memorandum of Understanding (MoU) with Air Peace Airline on this.

     

    He noted that a total of 32 final reports had been released since January 2017, which makes up 62.7 per cent of AIB’s total of 51 Final Reports released since inception (2007).

     

    Olateru said 106 safety recommendations had been issued since 2017, saying this  accounts for 56.7 per cent of the 187 reports issued since inception.

     

    The commissioner said before the end of 2020 , they should be able to release an additional six final reports to the public.

     


    Edited By: Vivian Ihechu/Peter Dada (NAN)

  •  First Bank of Nigeria Ltd has offered to give financial support to Small and Medium Enterprises SMEs in the education sector to cushion the effects of the COVID 19 pandemic Mr Bankole Adediran Head Transaction Banking Products FirstBank made this known at the bank s SMEConnect webinar with theme Managing Your School through the Pandemic Engagement and Retention Strategies Adediran said that the bank was ready to partner with SMEs in the education sector through the period of the novel coronavirus pandemic to sustain their businesses FirstBank as an institution is very passionate about education and will continue to support the sector he said He said that the bank would continue to reinforce its leading role at enabling the growth of the educational sector in the country Adediran said that the bank had an array of financial products that could be accessed by SMEs in the educational sector in the period of COVID 19 He said SMEs in the sector could key into FirstEdu Loan targeted at private nursery primary and secondary schools to assist the schools in achieving their desired growth in medium and long terms According to him the product provides funding advancement of up to N20 million for schools with a minimum of 100 students with school fees collection domiciled at FirstBank Adediran said that with the product school owners proprietors could stay ahead to make learning easy and conducive for students He said the bank had launched various interventions and initiatives to support the sector to navigate through challenges occasioned by COVID 19 He noted that FirstBank recently launched an e learning initiative aimed at reaching out to one million students across the country to ensure they would be academically engaged while at home Adediran also said that the bank supported 10 universities and three secondary schools across the country with major infrastructure projects He added that the bank donated 20 000 e learning devices to the Lagos State Government to promote online learning for students in the public schools Adediran urged schools must learn from the COVID 19 pandemic by embracing automation to plug leakages in the sector Mrs Folasade Adefisayo Commissioner for Education Lagos State who was a panelist at the webinar commended the bank for donating 20 000 devices with six months data to the state for e learning Adefisayo said the state reached out to many companies for support at the wake of the pandemic and that FirstBank came to its aid She disclosed that all the schools were not prepared for the situation noting that most children in public schools did not have device and data for online learning This pandemic has been a terrible thing and one lesson from it is that we have not invested enough in solutions we can deplore at a time like this Adefisayo said She said that the pandemic had forced Nigerians to be more creative and innovative adding that schooling would no longer be the same again Adefisayo called on teachers to change their teaching and learning strategies saying that COVID 19 had changed learning Also Dr Yomi Otubela President National Association of Proprietors of Private Schools NAPPS said the association had responded greatly by interfacing between government and its agencies since the beginning of the pandemic Otubela said the Central Bank of Nigeria was working out modalities for palliatives for schools and teachers who had not been receiving salaries since the pandemic started He noted that there had been an increase in rape kidnapping and robbery as a result of COVID 19 Mr Wale Abioye Team Lead Customer Practice in Management Consulting KPMG said the pandemic had impacted negatively on many sectors of the economy especially education Abioye highlighted some of the negative impacts of the pandemic to include financial economic structural social and policy challenges He said many SMEs in the educational sector could be out of business due to the pandemic thereby increasing unemployment rate Mr Babatunde Vaughan Education Lead Modern Classroom Microsoft Nigeria said the company had introduced a lot of products to make online learning easy and interesting COVID 19 is a very unique period for everyone change has come and we will continue to experience change We must be more proactive than reactive Vaughan urged Edited By Bayo Sekoni Ijeoma Popoola NAN
    Coronavirus: FirstBank offers suppport to SMEs in education sector
     First Bank of Nigeria Ltd has offered to give financial support to Small and Medium Enterprises SMEs in the education sector to cushion the effects of the COVID 19 pandemic Mr Bankole Adediran Head Transaction Banking Products FirstBank made this known at the bank s SMEConnect webinar with theme Managing Your School through the Pandemic Engagement and Retention Strategies Adediran said that the bank was ready to partner with SMEs in the education sector through the period of the novel coronavirus pandemic to sustain their businesses FirstBank as an institution is very passionate about education and will continue to support the sector he said He said that the bank would continue to reinforce its leading role at enabling the growth of the educational sector in the country Adediran said that the bank had an array of financial products that could be accessed by SMEs in the educational sector in the period of COVID 19 He said SMEs in the sector could key into FirstEdu Loan targeted at private nursery primary and secondary schools to assist the schools in achieving their desired growth in medium and long terms According to him the product provides funding advancement of up to N20 million for schools with a minimum of 100 students with school fees collection domiciled at FirstBank Adediran said that with the product school owners proprietors could stay ahead to make learning easy and conducive for students He said the bank had launched various interventions and initiatives to support the sector to navigate through challenges occasioned by COVID 19 He noted that FirstBank recently launched an e learning initiative aimed at reaching out to one million students across the country to ensure they would be academically engaged while at home Adediran also said that the bank supported 10 universities and three secondary schools across the country with major infrastructure projects He added that the bank donated 20 000 e learning devices to the Lagos State Government to promote online learning for students in the public schools Adediran urged schools must learn from the COVID 19 pandemic by embracing automation to plug leakages in the sector Mrs Folasade Adefisayo Commissioner for Education Lagos State who was a panelist at the webinar commended the bank for donating 20 000 devices with six months data to the state for e learning Adefisayo said the state reached out to many companies for support at the wake of the pandemic and that FirstBank came to its aid She disclosed that all the schools were not prepared for the situation noting that most children in public schools did not have device and data for online learning This pandemic has been a terrible thing and one lesson from it is that we have not invested enough in solutions we can deplore at a time like this Adefisayo said She said that the pandemic had forced Nigerians to be more creative and innovative adding that schooling would no longer be the same again Adefisayo called on teachers to change their teaching and learning strategies saying that COVID 19 had changed learning Also Dr Yomi Otubela President National Association of Proprietors of Private Schools NAPPS said the association had responded greatly by interfacing between government and its agencies since the beginning of the pandemic Otubela said the Central Bank of Nigeria was working out modalities for palliatives for schools and teachers who had not been receiving salaries since the pandemic started He noted that there had been an increase in rape kidnapping and robbery as a result of COVID 19 Mr Wale Abioye Team Lead Customer Practice in Management Consulting KPMG said the pandemic had impacted negatively on many sectors of the economy especially education Abioye highlighted some of the negative impacts of the pandemic to include financial economic structural social and policy challenges He said many SMEs in the educational sector could be out of business due to the pandemic thereby increasing unemployment rate Mr Babatunde Vaughan Education Lead Modern Classroom Microsoft Nigeria said the company had introduced a lot of products to make online learning easy and interesting COVID 19 is a very unique period for everyone change has come and we will continue to experience change We must be more proactive than reactive Vaughan urged Edited By Bayo Sekoni Ijeoma Popoola NAN
    Coronavirus: FirstBank offers suppport to SMEs in education sector
    Economy2 years ago

    Coronavirus: FirstBank offers suppport to SMEs in education sector

    First Bank of Nigeria Ltd. has offered to give financial support to Small and Medium Enterprises (SMEs) in the education sector to cushion the effects of the COVID-19 pandemic.

    Mr Bankole Adediran, Head, Transaction Banking Products, FirstBank, made this known at the bank’s SMEConnect webinar with theme: “Managing Your School through the Pandemic: Engagement and Retention Strategies”.

    Adediran said that the bank was ready to partner with SMEs in the education sector through the period of the novel coronavirus pandemic to sustain their businesses.

    “FirstBank, as an institution, is very passionate about education, and will continue to support the sector,” he said.

    He said that the bank would continue to reinforce its leading role at enabling the growth of the educational sector in the country.

    Adediran said that the bank had an array of financial products that could be accessed by SMEs in the educational sector in the period of COVID-19.

    He said SMEs in the sector could key into FirstEdu Loan targeted at private nursery, primary and secondary schools to assist the schools in achieving their desired growth in medium and long terms.

    According to him, the product provides funding advancement of up to N20 million for schools with a minimum of 100 students with school fees collection domiciled at FirstBank.

    Adediran said that, with the product, school owners/proprietors could stay ahead to make learning easy and conducive for students.

    He said the bank had launched various interventions and initiatives to support the sector to navigate through challenges occasioned by COVID-19.

    He noted that FirstBank recently launched an e-learning initiative aimed at reaching out to one million students across the country to ensure they would be academically engaged while at home.

    Adediran also said that the bank supported 10 universities and three secondary schools across the country with major infrastructure projects.

    He added that the bank donated 20,000 e-learning devices to the Lagos State Government to promote online learning for students in the public schools.

    Adediran urged schools must learn from the COVID-19 pandemic by embracing automation to plug leakages in the sector.

    Mrs Folasade Adefisayo, Commissioner for Education, Lagos State, who was a panelist at the webinar, commended the bank for donating 20,000 devices with six months data, to the state for e-learning.

    Adefisayo said the state reached out to many companies for support at the wake of the pandemic and that FirstBank came to its aid.

    She disclosed that all the schools were not prepared for the situation, noting that most children in public schools did not have device and data for online learning.

    “This pandemic has been a terrible thing, and one lesson from it is that we have not invested enough in solutions we can deplore at a time like this,” Adefisayo said.

    She said that the pandemic had forced Nigerians to be more creative and innovative, adding that schooling would no longer be the same again.

    Adefisayo called on teachers to change their teaching and learning strategies, saying that COVID-19 had changed learning.

    Also, Dr Yomi Otubela, President, National Association of Proprietors of Private Schools (NAPPS), said the association had responded greatly by interfacing between government and its agencies since the beginning of the pandemic.

    Otubela said the Central Bank of Nigeria was working out modalities for palliatives for schools and teachers who had not been receiving salaries since the pandemic started.

    He noted that there had been an increase in rape, kidnapping and robbery as a result of COVID-19.

    Mr Wale Abioye, Team Lead, Customer Practice in Management Consulting (KPMG), said the pandemic had impacted negatively on many sectors of the economy, especially education.

    Abioye highlighted some of the negative impacts of the pandemic to include financial/economic, structural, social and policy challenges.

    He said many SMEs in the educational sector could be out of business due to the pandemic, thereby increasing unemployment rate.

    Mr Babatunde Vaughan, Education Lead, Modern Classroom, Microsoft Nigeria, said the company had introduced a lot of products to make online learning easy and interesting.

    COVID-19 is a very unique period for everyone, change has come and we will continue to experience change.

    “We must be more proactive than reactive,” Vaughan urged.


    Edited By: Bayo Sekoni/Ijeoma Popoola (NAN)

  •  Shell Development Company of Nigeria Ltd SPDC on Wednesday donated a machine capable of conducting one thousand tests daily for Coronavirus COVID 19 pandemic to Delta Government The company also donated an ambulance vehicle suction machine and other critical items needed to make an isolation centre functional to complement the efforts of Delta Government to increase testing for COVID 19 cases Presenting the items Mr Osagie Okumbor the Managing Director of SPDC and country Chair Shell Companies in Nigeria in Asaba said Gov Ifeanyi Okowa s administration had shown great commitment in the fight against the pandemic in the state Okumbor represented by Mr Evans Krukrubo Stakeholders Manager of the company said that Delta Government deserved support from SPDC acknowledging that the company had also received a lot of supports from the government and people of the state He said the state government had showcased that when you want to know what ease of doing business is you have to come to Delta The excellency s leadership of the state s response to the spread of COVID 19 enables us to keep hope alive that we shall tame and overcome this challenge The SPDC in conjunction with our joint venture partners NNPC TEPN and NAOC remain committed to supporting government s efforts at managing the pandemic and recognise as a key gap the absence of adequate testing capability globally and in Nigeria We are today presenting the state with COVID 19 compatible PCR machine and extraction kits for one thousand tests as well as other critical equipment to operationalise the COVID 19 isolation centre The PCR machine is approved by the Nigeria Centre for Disease Control NCDC to deliver COVID 19 molecular screening tests We are also donating critical care hospital beds and mattresses ICU ambulance defibrillation suction machines infra red thermometers respiratory nebulisers hospital grade oxygen cylinders and oxygen concentration Others are face masks nitrite procedure gloves surgical face mask gum boots disposable high tech overall DuPont Tychem 2000 goggle and face shields and hand sanitizer Okumbor said Receiving the equipment the Secretary to the State Government SSG Mr Chiedu Ebie thanked the donors for complementing the government s efforts in the fight against the pandemic Ebie said Okowa s administration had shown great commitment to curb COVID 19 pandemic adding that while great efforts were made to provide adequate care for the victims measures were also put in place to check the spread of the virus These are very tough times for everybody and one thing that I can assure you here in Delta is that from the very beginning we took COVID 19 very seriously The governor chairs the committee and we meet periodically to review our activities and we have tried as much as possible to make available facilities for the treatment and management of COVID 19 patients We are committed to providing the right kind of care for those that have the virus and this PCR machine will enable us to increase testing we will deploy this immediately as it means that we will be doing more testing We will be more aggressive in our contact tracing to treat those who are infected Ebie said Edited By Edwin Nwachukwu Olagoke Olatoye NAN
    COVID-19: Shell donates medical, testing equipment to Delta
     Shell Development Company of Nigeria Ltd SPDC on Wednesday donated a machine capable of conducting one thousand tests daily for Coronavirus COVID 19 pandemic to Delta Government The company also donated an ambulance vehicle suction machine and other critical items needed to make an isolation centre functional to complement the efforts of Delta Government to increase testing for COVID 19 cases Presenting the items Mr Osagie Okumbor the Managing Director of SPDC and country Chair Shell Companies in Nigeria in Asaba said Gov Ifeanyi Okowa s administration had shown great commitment in the fight against the pandemic in the state Okumbor represented by Mr Evans Krukrubo Stakeholders Manager of the company said that Delta Government deserved support from SPDC acknowledging that the company had also received a lot of supports from the government and people of the state He said the state government had showcased that when you want to know what ease of doing business is you have to come to Delta The excellency s leadership of the state s response to the spread of COVID 19 enables us to keep hope alive that we shall tame and overcome this challenge The SPDC in conjunction with our joint venture partners NNPC TEPN and NAOC remain committed to supporting government s efforts at managing the pandemic and recognise as a key gap the absence of adequate testing capability globally and in Nigeria We are today presenting the state with COVID 19 compatible PCR machine and extraction kits for one thousand tests as well as other critical equipment to operationalise the COVID 19 isolation centre The PCR machine is approved by the Nigeria Centre for Disease Control NCDC to deliver COVID 19 molecular screening tests We are also donating critical care hospital beds and mattresses ICU ambulance defibrillation suction machines infra red thermometers respiratory nebulisers hospital grade oxygen cylinders and oxygen concentration Others are face masks nitrite procedure gloves surgical face mask gum boots disposable high tech overall DuPont Tychem 2000 goggle and face shields and hand sanitizer Okumbor said Receiving the equipment the Secretary to the State Government SSG Mr Chiedu Ebie thanked the donors for complementing the government s efforts in the fight against the pandemic Ebie said Okowa s administration had shown great commitment to curb COVID 19 pandemic adding that while great efforts were made to provide adequate care for the victims measures were also put in place to check the spread of the virus These are very tough times for everybody and one thing that I can assure you here in Delta is that from the very beginning we took COVID 19 very seriously The governor chairs the committee and we meet periodically to review our activities and we have tried as much as possible to make available facilities for the treatment and management of COVID 19 patients We are committed to providing the right kind of care for those that have the virus and this PCR machine will enable us to increase testing we will deploy this immediately as it means that we will be doing more testing We will be more aggressive in our contact tracing to treat those who are infected Ebie said Edited By Edwin Nwachukwu Olagoke Olatoye NAN
    COVID-19: Shell donates medical, testing equipment to Delta
    Health2 years ago

    COVID-19: Shell donates medical, testing equipment to Delta

    Shell Development Company of Nigeria Ltd. (SPDC) on Wednesday donated a machine capable of conducting one thousand tests daily for Coronavirus (COVID-19) pandemic to Delta Government.

    The company also donated an ambulance vehicle, suction machine and other critical items needed to make an isolation centre functional to complement the efforts of Delta Government to increase testing for COVID-19 cases.

    Presenting the items, Mr Osagie Okumbor, the Managing Director of SPDC and country Chair, Shell Companies in Nigeria in Asaba, said Gov. Ifeanyi Okowa’s administration had shown great commitment in the fight against the pandemic in the state.

    Okumbor, represented by Mr Evans Krukrubo, Stakeholders Manager of the company, said that Delta Government deserved support from SPDC, acknowledging that the company had also received a lot of supports from the government and people of the state.

    He said the state government had showcased that “when you want to know what ease of doing business is, you have to come to Delta.

    “The excellency’s leadership of the state’s response to the spread of COVID-19 enables us to keep hope alive that we shall tame and overcome this challenge.

    “The SPDC, in conjunction with our joint venture partners – NNPC, TEPN and NAOC – remain committed to supporting government’s efforts at managing the pandemic and recognise, as a key gap, the absence of adequate testing capability globally and in Nigeria.

    “We are today presenting the state with COVID-19 compatible PCR machine and extraction kits for one thousand tests as well as other critical equipment to operationalise the COVID-19 isolation centre.

    “The PCR machine is approved by the Nigeria Centre for Disease Control (NCDC) to deliver COVID-19 molecular screening tests.

    “We are also donating critical care hospital beds and mattresses, ICU-ambulance, defibrillation, suction machines, infra-red thermometers, respiratory nebulisers, hospital grade oxygen cylinders and oxygen concentration.

    “Others are face masks, nitrite procedure gloves, surgical face mask, gum boots, disposable high-tech overall, DuPont Tychem 2000, goggle and face shields and hand sanitizer,” Okumbor said.

    Receiving the equipment, the Secretary to the State Government (SSG), Mr Chiedu Ebie, thanked the donors for complementing the government’s efforts in the fight against the pandemic.

    Ebie said Okowa’s administration had shown great commitment to curb COVID-19 pandemic, adding that while great efforts were made to provide adequate care for the victims, measures were also put in place to check the spread of the virus.

    “These are very tough times for everybody and one thing that I can assure you here in Delta is that from the very beginning, we took COVID-19 very seriously.

    “The governor chairs the committee and we meet periodically to review our activities, and we have tried as much as possible to make available facilities for the treatment and management of COVID-19 patients.

    “We are committed to providing the right kind of care for those that have the virus and this PCR machine will enable us to increase testing; we will deploy this immediately as it means that we will be doing more testing.

    “We will be more aggressive in our contact-tracing to treat those who are infected,” Ebie said.



    Edited By: Edwin Nwachukwu/Olagoke Olatoye (NAN)

  •  the residents expect a continuation of the laudable achievements which characterised his first tenure In the sectors of health education agriculture and infrastructure development the governor will surely continue to uphold the trust of the people that gave him a second term The state deserves better and he will do it she said She said the governor showed dexterity in the handling of the outbreak of the coronavirus disease in the state and the country through the measures taken to contain it in the state With the emergence and outbreak of the scourge Gov Bello responded promptly and instituted measures and strategies to contain it He constituted the State Taskforce on COVID 19 chaired by the Secretary to the State Government Ahmed Ibrahim Matane Through the Taskforce the state government reactivated its Isolation Centre at the General Hospital Minna and isolation rooms in General Hospitals across the state It also established Quarantine Centres in major cities across the state purchased respiratory machines and prepositioned drugs medical supplies and Personal Protective Equipment to the Isolation Centre in Minna The state government in collaboration with the Federal Ministry of Health Nigeria Centre for Disease Control NCDC and the World Health Organization WHO has continued to enforce all preventive measures especially the physical distancing and hand washing routines She added that other measures include the imposition of curfew and lockdown closure of public private and Quranic schools and institutions as well as prohibition of all public gathering of more than 20 persons Similarly other healthcare successes by the administration are provision of qualitative healthcare services especially at the Primary Healthcare level and the addressing of infrastructure deficit through the renovation and remodelling of over a 100 healthcare facilities She said that the administration also upgraded and reconstructed some health facility like Primary Healthcare Centres in Beji Paiko Chanchaga and Maito in Wushishi Local Government Area Noel Berje added that it embarked on the reconstruction and upgrade of IBB Specialist Hospital Minna the Neonatal Wing of Minna General Hospital the School of Nursing Bida as well as the rehabilitation of General Hospitals in Minna Kontagora Bida Suleja Kutigi and Nasko In the agriculture sector she said the governor prioritised agriculture for three reasons to guarantee self sufficiency improve Internally Generated Revenue and reduce over dependence on Federation Allocation as well as to generate employment The governor conceived and is developing the RUGA MODEL through the establishment of the massive 31 000 hectares multimillion Naira Bobi Grazing Reserve to boost meat and dairy production generate revenue and curb insecurity amid increasing Farmers Herders clashes Already 5 000 hectares of land is being developed at the Reserve by WAMCO Nigeria Ltd While government is funding the Tagwai Livestock farm and fisheries the Dangote Group is constructing one of the biggest Rice Mills in West Africa in Wushishi The administration also joined effort with the Federal Government to sustain the CBN Anchor Borrowers scheme towards food security The education sector she pointed out also formed the bedrock of the administration s development plans adding that it hinged its development commitment to education Since assumption of office the Governor has constructed and renovated over 2 500 schools across the state 22 of which were completely overhauled under the administrations pragmatic Whole Schools Development Approach Through the State Universal Basic Education Board the state government recruited 2 600 teachers and also established the Teacher Professional Development Institute NSTPD in the three geopolitical zones of the state In addition the state government has distributed vehicle loans to over 10 000 Teachers and provided utility vehicles to all Education Secretaries in the state It has fulfilled all its obligations in respect to the payment of counterpart fund and have accessed over N6 billion from the Federal Government since 2015 for the execution of UBEC projects she said Edited By Ismail Abdulaziz NAN
    Gov. Bello will meet Niger people expectations in second tenure -CPS
     the residents expect a continuation of the laudable achievements which characterised his first tenure In the sectors of health education agriculture and infrastructure development the governor will surely continue to uphold the trust of the people that gave him a second term The state deserves better and he will do it she said She said the governor showed dexterity in the handling of the outbreak of the coronavirus disease in the state and the country through the measures taken to contain it in the state With the emergence and outbreak of the scourge Gov Bello responded promptly and instituted measures and strategies to contain it He constituted the State Taskforce on COVID 19 chaired by the Secretary to the State Government Ahmed Ibrahim Matane Through the Taskforce the state government reactivated its Isolation Centre at the General Hospital Minna and isolation rooms in General Hospitals across the state It also established Quarantine Centres in major cities across the state purchased respiratory machines and prepositioned drugs medical supplies and Personal Protective Equipment to the Isolation Centre in Minna The state government in collaboration with the Federal Ministry of Health Nigeria Centre for Disease Control NCDC and the World Health Organization WHO has continued to enforce all preventive measures especially the physical distancing and hand washing routines She added that other measures include the imposition of curfew and lockdown closure of public private and Quranic schools and institutions as well as prohibition of all public gathering of more than 20 persons Similarly other healthcare successes by the administration are provision of qualitative healthcare services especially at the Primary Healthcare level and the addressing of infrastructure deficit through the renovation and remodelling of over a 100 healthcare facilities She said that the administration also upgraded and reconstructed some health facility like Primary Healthcare Centres in Beji Paiko Chanchaga and Maito in Wushishi Local Government Area Noel Berje added that it embarked on the reconstruction and upgrade of IBB Specialist Hospital Minna the Neonatal Wing of Minna General Hospital the School of Nursing Bida as well as the rehabilitation of General Hospitals in Minna Kontagora Bida Suleja Kutigi and Nasko In the agriculture sector she said the governor prioritised agriculture for three reasons to guarantee self sufficiency improve Internally Generated Revenue and reduce over dependence on Federation Allocation as well as to generate employment The governor conceived and is developing the RUGA MODEL through the establishment of the massive 31 000 hectares multimillion Naira Bobi Grazing Reserve to boost meat and dairy production generate revenue and curb insecurity amid increasing Farmers Herders clashes Already 5 000 hectares of land is being developed at the Reserve by WAMCO Nigeria Ltd While government is funding the Tagwai Livestock farm and fisheries the Dangote Group is constructing one of the biggest Rice Mills in West Africa in Wushishi The administration also joined effort with the Federal Government to sustain the CBN Anchor Borrowers scheme towards food security The education sector she pointed out also formed the bedrock of the administration s development plans adding that it hinged its development commitment to education Since assumption of office the Governor has constructed and renovated over 2 500 schools across the state 22 of which were completely overhauled under the administrations pragmatic Whole Schools Development Approach Through the State Universal Basic Education Board the state government recruited 2 600 teachers and also established the Teacher Professional Development Institute NSTPD in the three geopolitical zones of the state In addition the state government has distributed vehicle loans to over 10 000 Teachers and provided utility vehicles to all Education Secretaries in the state It has fulfilled all its obligations in respect to the payment of counterpart fund and have accessed over N6 billion from the Federal Government since 2015 for the execution of UBEC projects she said Edited By Ismail Abdulaziz NAN
    Gov. Bello will meet Niger people expectations in second tenure -CPS
    General news2 years ago

    Gov. Bello will meet Niger people expectations in second tenure -CPS

    the residents expect a continuation of the laudable achievements which characterised his first tenure.

    “In the sectors of health, education, agriculture and infrastructure development, the governor will surely continue to uphold the trust of the people that gave him a second term. The state deserves better and he will do it,” she said.

    She said the governor showed dexterity in the handling of the outbreak of the coronavirus disease in the state and the country through the measures taken to contain it in the state.

    “With the emergence and outbreak of the scourge, Gov. Bello responded promptly and instituted measures and strategies to contain it. He constituted the State Taskforce on COVID-19 chaired by the Secretary to the State Government, Ahmed Ibrahim Matane.

    “Through the Taskforce, the state government reactivated its Isolation Centre at the General Hospital, Minna and isolation rooms in General Hospitals across the state. It also established Quarantine Centres in major cities across the state, purchased respiratory machines and prepositioned drugs, medical supplies and Personal Protective Equipment to the Isolation Centre in Minna.

    “The state government, in collaboration with the Federal Ministry of Health, Nigeria Centre for Disease Control (NCDC) and the World Health Organization (WHO) has continued to enforce all preventive measures, especially the physical distancing and hand washing routines.”

    She added that other measures include the imposition of curfew and lockdown; closure of public, private and Quranic schools and institutions as well as prohibition of all public gathering of more than 20 persons.

    Similarly, other healthcare successes by the administration are provision of qualitative healthcare services especially at the Primary Healthcare level and the addressing of infrastructure deficit through the renovation and remodelling of over a 100 healthcare facilities.

    She said that the administration also upgraded and reconstructed some health facility like Primary Healthcare Centres in Beji, Paiko, Chanchaga and Maito in Wushishi Local Government Area.

    Noel-Berje added that it embarked on the reconstruction and upgrade of IBB Specialist Hospital, Minna; the Neonatal Wing of Minna General Hospital; the School of Nursing, Bida as well as the rehabilitation of General Hospitals in Minna, Kontagora, Bida, Suleja, Kutigi and Nasko.

    In the agriculture sector, she said the governor prioritised agriculture for three reasons; to guarantee self-sufficiency, improve Internally Generated Revenue and reduce over-dependence on Federation Allocation as well as to generate employment.

    “The governor conceived and is developing the RUGA MODEL through the establishment of the massive 31,000 hectares, multimillion-Naira Bobi Grazing Reserve to boost meat and dairy production, generate revenue and curb insecurity amid increasing Farmers/Herders clashes. Already, 5,000 hectares of land is being developed at the Reserve by WAMCO Nigeria Ltd.

    “While government is funding the Tagwai Livestock farm and fisheries, the Dangote Group is constructing one of the biggest Rice Mills in West Africa, in Wushishi. The administration also joined effort with the Federal Government to sustain the CBN Anchor Borrowers scheme towards food security.”

    The education sector, she pointed out also formed the bedrock of the administration’s development plans, adding that “it hinged its development commitment to education”.

    “Since assumption of office, the Governor has constructed and renovated over 2,500 schools across the state, 22 of which were completely overhauled under the administrations pragmatic Whole Schools Development Approach.

    “Through the State Universal Basic Education Board, the state government recruited 2,600 teachers and also established the Teacher Professional Development Institute (NSTPD) in the three geopolitical zones of the state.

    “In addition, the state government has distributed vehicle loans to over 10,000 Teachers and provided utility vehicles to all Education Secretaries in the state. It has fulfilled all its obligations in respect to the payment of counterpart fund and have accessed over N6 billion from the Federal Government, since 2015, for the execution of UBEC projects,” she said.



    Edited By: Ismail Abdulaziz (NAN)

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