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Ringier Africa, Partners Expand e-Commerce Activities

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By Dipo Olowookere

Ringier Africa Digital Publishing’s Pulse expands to East Africa with P Live & boosts partnership schemes for content & promotions. Ringier Africa Deals Group’s DealDey & sister sites expand scope in Nigeria.

Monday 23 January 2017 marks the launch of P Live (www.PLive.co.ke) in East Africa as an extension of the leading new media publisher Pulse and its P Live concept from West Africa – already reaching over 50 million users on a monthly basis.

With headquarters in Nairobi, Kenya, P Live will be a brand new independent, nonpartisan news & entertainment publisher for the region, partnering with leading local and international publishers to bring the East African region up-to-the-minute, 24/7 live content – from breaking local and internationally acclaimed news to varied entertainment programs.

Pulse/P Live has seen notable international expansion and in December 2016, Pulse announced the launch of the Men’s & Women’s Health titles for West Africa in the fitness sector. In January 2017, the company has already announced the launch of Business Insider for Sub Saharan Africa, bringing the internationally renowned business title to Sub Saharan Africa. Additionally, Pulse already brings its users news content in partnership with the New York Times and Agence France-Press as well as live sports results with Sportradar. Alongside Pulse’s in-house content production, the publisher therefore acts as a platform of highly curated content.

Doing so on a local and regional level, Pulse/P Live has also closed on a content partnership with entertainment blog Ghafla, which it last year completed a partnership with – to aggregate top East African entertainment content. Ghafla will be integral to the provision of local Kenyan and East African entertainment content to a wide audience on P Live.

As part of its pan-African expansion, Pulse/P Live today also launches P Promos, focusing on providing merchants of all sizes, e-commerce or otherwise, even more affordable ways to advertise their goods and services to a wide-reaching audience of millions, online.

In Ghana and Kenya, Ringier Africa Digital Publishing (RADP)’s sister company, Ringier Africa Deals Group (RADG)’s discount ecommerce platforms Tisu and Rupu will merge with P Promos respectively, and will therewith move beyond early-stage e-commerce to offer merchants new ways of reaching a large customer base, under the P Promos brand.

Tim Kollmann, Managing Director of Ringier Africa Digital Publishing: “Pulse is an independent, trusted and admired new media publisher in Nigeria and Ghana, run by respected local media leaders. With P Live, we are now proud to be expanding these values to Kenya and the wider East African region, relying on international and local partners we collaborate with and are introducing to a large audience in the region. The continued expansion of our publishing activities reflects the growing market for smart, insightful and quality journalism and content in Africa.”

The Ringier Africa Deals Group (RADG), Ringier Africa and Silvertree Internet Holdings’ e-commerce JV, will focus completely on Africa’s largest internet market, Nigeria and its internationally recognised and trusted brands DealDey (products & services) (www.DealDey.com); Promohub (product & service promotions) (www.Promohub.ng) and Lyf (product & services directory).

Going forward, the group will focus on the thriving African e-commerce market, bringing not only products but also service verticals to customers, online, through its brands. Already a leader in spa & beauty, ticketing, city services, restaurants and varied flash sales, RADG will invest substantially to build out more functionalities for merchants and customers alike in these areas.

Paul Cook, CEO of Ringier Africa Deals Group (RADG) & Partner of Silvertree Internet Holdings, JV partner of RADG: “We are fully focusing on the Nigerian e-commerce market – investing in product and service expansion. We define deals as everything that brings good value to our customers and merchants and will not stop to expand until every Nigerian online can enjoy services from DealDey, PromoHub and Lyf, while discovering new merchants and experiences”.

Apart from Ringier Africa Digital Publishing (RADP) and the Ringier Africa Deals Group (RADG), Ringier Africa runs Ringier Digital Marketing (RDM), its pan-African complete digital partner and is setting up Ringier One Africa Media (ROAM), Africa’s leading classifieds group.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Ex-First Bank Staff Muiz Tijani Adeyinka Loses Seven Properties to FG

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By Modupe Gbadeyanka

A former staff of First Bank of Nigeria Limited, Mr Muiz Tijani Adeyinka, has forfeiture seven properties linked to him in Lagos to the federal government.

This followed a final forfeiture order ordered by Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, April 10, 2025.

He was brought before the court by the Economic and Financial Crimes Commission (EFCC), which argued that the properties were obtained with questionable funds.

Justice Dipeolu had earlier ordered the interim forfeiture of the properties and also ordered the publication of the said order in a national newspaper for any interested parties to show cause why the properties should not be finally forfeited to the federal government.

Moving the application for the final forfeiture yesterday, the EFCC, through its lawyer, Ms Zeenat Atiku, told the court that “no one showed cause within the 14 days window granted after the publication.”

The legal counsel also stated that the application was supported with an affidavit deposed to by an operative of the EFCC, Mr Isah Yusuf Nadabo.

In the affidavit, Nadabo informed the court that Mr Adeyinka worked at the settlement office of the bank and that he had the capacity to carry out some inalienable access available only to the office by virtue of his office.

He stated further in the affidavit that, “He, therefore, carried out illegal, unauthorised and fraudulent activities against First Bank Nigeria Plc.

“Investigation has thus far revealed and traced the sum of N35 billion benefitted by Muiz Tijani Adeyinka and his cronies.”

She, therefore, told the court that the properties traced to the former First Bank employee were reasonably suspected to have been acquired with proceeds of unlawful activities.

After listening to the EFCC’s counsel, Justice Dipeolu held that he found merit in the argument of the applicant and ordered the final forfeiture of the properties to the Federal Government of Nigeria.

The properties are Plot 9, Block 28 Itunu City, Veritas Homes & Properties Ltd., Aiyetoro, Epe Lagos State; a three-bedroom flat described as Block A, Floor 6, Flat 2 (Block A/6/2) Le Moriah Residences Estate, Off Kusenla Road, Ikate Ancient City, Lekki Penninsula, Eti-Osa LGA, Lagos State; a parcel of land known as Block L1, Plot 13, Amen Estate, Phase Ill Extension, Abomiti Zone, Lekki/Epe Express Way Epe LGA, Lagos State; a parcel of land known as Block 3, Plot 13, Arizon Estate , within Idera Scheme Allocation via Eleko Junction Ibeju-Lekki LGA; one plot of Land within Arizone Estate, Idera Scheme,lbeju-Lekki LGA and one plot of land within Itunu Residential Aiyetoro, Ibeju-Lekki LGA.

Others are a parcel of land known as Plot 7, Block 4 Itunu City, Veritas Homes & Properties Ltd, Aiyetoro Epe LGA, Lagos; a parcel of land known as Plot 1, Ido Gwari 2 Extension, within Ochacho Real Homes, Ido-Gwari 2 Extension, LifeCamp, Abuja and a parcel of land known as Block Q, Plot 25, Tiara by Amen City Limited, Along Lekki/Epe Express Way, Yeguda Resettlement Scheme, Epe Lagos State.

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Defunct Diamond Bank Founder Pascal Dozie Dies Day to 86th Birthday

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By Modupe Gbadeyanka

A veteran bank and founder of the defunct Diamond Bank Plc, Mr Pascal Gabriel Dozie, has died at the age of 85.

The former chairman of MTN Nigeria, a leading telecommunications firm, died in the early hours of Tuesday, April 8, 2025, just a day to his 86th birthday.

The Nigerian entrepreneur and businessman chairman of Pan-Atlantic University established Diamond Bank in 1990. The company later became one of Nigeria’s most respected financial institutions.

The current Governor of Abia State, Mr Alex Otti, once headed the lender before handing over to the founder’s son, Mr Uzoma Dozie, when he veered into politics.

Diamond Bank merged with Access Bank in 2019.

Mr Pascal Dozie, who was once the President of the Nigerian Exchange Limited, then known as the Nigerian Stock Exchange (NSE), was born on April 9, 1939, in Egbu, Owerri, Imo State, and began his career as an economist at the National Economic Development Office in the United Kingdom.

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FCT Communities Get Food Packs from Fidelity Bank

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By Modupe Gbadeyanka

Some food packs have been distributed to residents of the Federal Capital Territory (FCT) Abuja recently by Fidelity Bank Plc as part of i​ts Corporate Social Responsibility (CSR) initiatives under the Fidelity Food Bank.

This is one of the key pillars of the bank’s CSR strategy, focusing on health and social welfare. As a nationwide project, the initiative seeks to provide food relief to underserved communities across Nigeria, with a particular focus on supporting women and children.

Officials of the financial institutions distributed the food items to seven communities in the Mabushi district of the FCT.

One of the beneficiaries, Mr Mukhtar Mohamed, expressed his gratitude to the bank, acknowledging the significant impact of food distribution.

Similarly, the District Head of Mabushi Community, Mr Hassan Danagna, commended Fidelity Bank for its generosity and its impact on the community.

“Fidelity Bank’s support to our community is unprecedented, and we are deeply grateful for this initiative, which provides relief to vulnerable households and less privileged families.

“Given the current economic challenges, this support is timely, particularly as we approach the holy month of Ramadan,” Mr Danagna stated.

Speaking at the distribution event, the Executive Director for North at Fidelity Bank Plc, Mr Sufiyanu Garba, emphasized the lender’s commitment to community development and its alignment with Sustainable Development Goal 2, which seeks to eradicate hunger.

“This initiative stems from our deep-seated responsibility to support underserved communities and contribute to the fight against hunger in Nigeria.

“At Fidelity Bank, we firmly believe that by addressing the root causes of poverty and hunger, we can make a meaningful impact on the lives of those in need.

“While we may not be able to solve all societal challenges, our contributions are making a difference, as evidenced by the positive feedback we continue to receive,” Mr Garba said.

“We recognize the importance of fostering growth and prosperity within the communities where we operate. By investing in their well-being, we contribute to the creation of a more sustainable and equitable society,” he added.

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