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Chain Reactions to Unveil 2018 Edelman Trust Barometer Report Thursday

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By Dipo Olowookere

One of Nigeria’s leading Public Relations and Integrated Communications Consulting Firms, Chain Reactions Nigeria, has fixed Thursday, May 31, 2018 for the unveiling of report of the 2018 Edelman Trust Barometer.

The event is slated to take place at the African-Asian Hall, Eko Signature, Eko Hotel & Suites, Victoria Island, Lagos by 11am prompt.

Chain Reactions Nigeria is the Exclusive Nigerian Affiliate and the Preferred West Africa’s Partner of Edelman, the world’s largest PR firm with presence in 65 countries across the globe.

Edelman Trust Barometer is the annual global trust and credibility survey conducted by Edelman Intelligence, the independent research arm of the Edelman global network.

The survey consists of 25-minute online interviews whereby respondents are asked questions on how much they trust the four mainstream institutions of society like government, business, media and non-governmental organisations to do what is right.

Since 2001, Edelman has been measuring trust in these four critical institutions of society across 28 countries, but this year is the first time Nigeria has been included in the survey.

The inclusion of an exclusive deck on Nigeria by Edelman Intelligence is on the heels of the significant impressions recorded last year when Chain Reactions hosted the presentation of the 17th edition of the annual global survey in Lagos, the first time ever in the history of Nigeria and since the survey was established in 2001.

Impressed with the positive impressions recorded with the presentation of last year’s Edelman Trust Barometer Report in Lagos, a delegation of senior Edelman executives to be led by the Managing Director of Edelman, South Africa, Jordan Rittenberry is scheduled to be in Nigeria to officially present the 2018 Edelman Trust Barometer Report in Lagos.

Rittenberry was also in Lagos last year for the launch of the 2017 edition, which attracted a large attendance of key representatives of government, CEOs of marketing communications firms, media executives and key representatives from non-governmental organisations.

Commenting on the significance of having exclusive data on Nigeria in this year’s survey, Managing Director/Chief Strategist of Chain Reactions Nigeria, Mr Israel Jaiye Opayemi, expressed delight that Chain Reactions is taking leadership and stepping ahead of its peers in helping to overcome dearth of reliable data required by organisations in the public and private sectors to develop strategy for their growth.

“Lack of trust is a major factor that impacts organisational reputation everywhere. It is affecting government and businesses alike. This bespoke report on how Nigerians trust their government, businesses, the media and non-governmental organisations operating in Nigeria will become the most useful manual in the hands of those saddled with running these institutions.

“This report will put quick insights and knowledge at the disposal of decision makers in government, business, media and non-governmental organisations on how to build or strengthen their trust equity.

“Last year, we made a promise to Nigerians to ensure we have a Nigeria-specific data in the 2018 survey, and we are glad to announce that together with our partners in Edelman, Chain Reactions has delivered on this noble promise. This is a demonstration of what we preach in business,” he said.

An 8-man panel comprising seasoned professionals, media practitioners, government officials and civil society activists will be discussing the survey report and its implications for Nigeria.

Respected Investment Analyst and CEO of Financial Derivatives, Mr Bismack Rewane, chairs the occasion. Lead Consultant/CEO of Thistle Praxis, Mrs. Ini Abimbola and Stanbic Bank’s Executive Head of Marketing and Communications, Mrs Nkiru Olumide-Ojo will be discussing growing trust for businesses.

Seasoned Journalist and Editor of BusinessDay newspaper, Mr Anthony Osae-Brown, and President, League of Online Publishers Association of Nigeria, Mr Dotun Oladipo will be discussing building trust for the media in the age of fake news.

Other respected personalities expected to lend their voices to the trust discourse at the event will include Publisher of Ovation Magazine and Columnist with THISDAY newspaper, Chief Dele Momodu as well as the Commissioner for Information and Strategy in Lagos State, Mr Kehinde Bamigbetan, who will represent Governor Akinwunmi Ambode and occupy a place on the panel for government.

Mr Opayemi added that the exclusive report would also help the key institutions of government, business, media and non-governmental organisations to future-proof their efficiency, value delivery and sustainability as they become more aware of how citizens perceive and trust them while they also take proactive steps to improve on their trust assets.

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 [email protected]

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FG Plans G2P Card Initiative, Digital Registry to Identify Farmers

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Graduates Farmers

By Adedapo Adesanya

The Federal Ministry of Agriculture and Food Security (FMAFS), in collaboration with the National Identity Management Commission (NIMC), is finalising plans to introduce a digital farmer registry via the Government 2 People (G2P) card initiative.

The National Identity Number (NIN) enabled card initiative will address the Federal Ministry’s immediate challenges of identity and authentication, required to deliver government services efficiently and accurately, according to a statement jointly issued by Mr Joel Oruche, Director of Information, FMAFS and Mr Kayode Adegoke, NIMC’s spokesperson on Thursday.

The statement added that the programme seeks to address existing barriers to effective government programs, ensuring that aid reaches the right beneficiaries.

The partnership will, “leverage the National Identity Management System to power the Ministry’s farmer registry by the linkage of the NIN and attendant biometric identity data of each farmer to their farmland, as well as all necessary supporting data relating to that farmer, including the size of the holding, type of crops or livestock.”

Connecting the NIN-backed registry to the G2P card will allow for the provision of targeted and ring-fenced aid to the farmers and other recipients of government benefits under the FMAFS programmes.

“The G2P card ecosystem is an initiative that allows for the issuance of NON-enabled cards by Federal Ministries, Departments and Agencies (MDAs), and enables the use of the card’s frontend by these MDAs for their respective programmes. The key feature of the ecosystem is a biometrics card with multiple wallets that can provide verifiable identification and also process transactions without internet connectivity, allowing the Ministry to support beneficiaries in the most remote locations. The card is unique to each citizen, and every Nigerian and legal resident is eligible to obtain it, banked or unbanked. The G2P card will be owned by and personalised to each MDA that adopts its usage.

“By adopting this card, FMAFS can uniquely identify all farmers, provide multiple agriculture services through the card in a manner that eliminates risks and fraud and also provide end-to-end visibility within the agriculture value chain thus enabling scalability. Agriculture services to be provided through the card include farmer financing, input distribution, farmland mapping linked to identity, extension services monitoring & evaluation and agency banking as well as multiple types of third-party services.

“Within this framework, NIMC will provide the foundational identity ecosystem to FMAFS, who as the owner of both the farmer registry and G2P card scheme will provide government services via the issued G2P cards, tailored to the needs of the farmers supported by the Ministry at the national and sub-national levels.

“The G2P card has a large capacity in-card chip that stores beneficiary identity, know your customer (KYC), picture, and fingerprints. In addition, it has two applets and several wallets dedicated to multiple types of programmes, which provides the flexibility and channels needed for multiple interventions to be implemented against the same unique identity. This flexibility is required to address infrastructure challenges limiting identity verification and digital evidence of beneficiary access when implementing government programmes,” the statement revealed.

The G2P biometric cards will be processed through a bespoke but interoperable biometrics Point of Sale (POS) acceptance device, which requires biometrics to access and operate which will allow the Ministry to better deliver services and programmes in any location regardless of infrastructure challenges.

The card will operate as a digital wallet/ prepaid card and it is tailored for government transactions such as subsidies, loans, welfare disbursement, pensions and other activities carried out by FMAFS.

“With the G2P ecosystem, any programme implemented by the Ministry can now be administered independently and showcased through digitally enabled dashboards displaying key data on how each programme has been efficiently implemented or otherwise,” the statement added.

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EFCC to Arraign Oba Otudeko, Bisi Onasanya, Others Over Alleged N12.3bn Fraud

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Oba Otudeko Bisi Onasanya

By Adedapo Adesanya

The Economic and Financial Crimes Commission (EFCC) will arraign the Chairman of Honeywell Group, Mr Oba Otudeko, and three other defendants on Monday, January 20, 2025, over an alleged fraud worth about N12.3 billion.

The anti-graft agency on Thursday filed a 13-count criminal charge against the respected businessman and others. They will be brought before Justice Chukwujekwu Aneke of the Federal High Court, Lagos next week.

Mr Otudeko will be arraigned alongside a former Managing Director of First Bank, Mr Olabisi Onasanya; a former member of the board of directors of Honeywell Flour Mills Plc, Mr Soji Akintayo; and a company linked to Mr Otudeko, Anchorage Leisure Ltd.

All four were listed as defendants in the suit filed by an EFCC prosecutor, Mrs Bilkisu Buhari-Bala, on January 16, 2025.

The EFCC alleged the four committed fraud in tranches of N5.2 billion, N6.2 billion, N6.150 billion, N1.5 billion and N500 million, between 2013 and 2014 in Lagos.

In proof of the charge against the defendants, the EFCC intends to call representatives of First Bank, including Mrs Cecelia Majekodunmi, Mr Ola Michael Aderogba, Mr Abiodun Olatunji, Mr Raymond Eze, Mr Abiodun Odunbola and Mr Adeeyo David, all of whom are expected to give evidence of the fraudulent misrepresentation of the defendants and tender relevant documents.

The agency will also rely on the testimonies of representatives of the Central Bank of Nigeria (CBN), Stallion Nigeria Limited, and V-tech Dynamics Ltd.

Also included in the EFCC’s list of witnesses are one Ms Farida Abubakar and Ms Adaeze Nwakobi.

Some of the Counts

According to the commission, the offences contravene Section 8(a) of Advance Fee Fraud and Other Fraud Related Offences Act 2006 and were punishable under Section 1 (3) of the same Act.

Count 1 of the charge says that Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited between 2013 and 2014 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to obtain the sum of N12,300,000,000.00 (Twelve Billion, Three Hundred Million Naira Only), from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V- Tech Dynamic Links Limited and Stallion Nigeria Limited, which representation you know to be false, and you thereby committed an offence contrary to Section 8(a) of Advance Fee Fraud and other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.

In Count 2, it was alleged that the defendants, on or about 26th day of November, 2013 in Lagos, “obtained the sum of N5.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V Tech Dynamic Links Limited which representation you know to be false.”

The 3rd count claims that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”

Count 4 reads, that you, Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 26th day of November 2013 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to use the total sum of N6,150,000,000,.00 (Six Billion, One Hundred and Fifty Million Naira Only.), which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Sections 18(a), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

Count 5 accuses Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 11th day of December, 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1.5 billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

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NNPC Remitted N10trn into Federation Account in 2024—Kyari

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Mele Kyari NNPC

By Adedapo Adesanya

The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has disclosed that his organisation remitted about N10 trillion into the purse of the federation last year.

Speaking on Wednesday during a presentation on NNPC Limited’s 2024 revenue performance and 2025 projections to the National Assembly’s joint committee on Finance, Mr Kyari the NNPC was the highest taxpayer in the country in 2024 with the N10 trillion paid to the nation, claiming the state-oil company remains the only in Nigeria to publish 100 per cent of its account statements annually.

The NNPC boss also called for a forensic audit of the funds spent by the company on fuel price stabilization and ensuring uninterrupted petrol supply between January and September 2024.

“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply,” he boasted.

“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends,” the NNPC chief added.

Regarding the company’s 2025 revenue projections, Mr Kyari indicated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks, assuring the committee that the parameters for the 2025 budget were both realistic and achievable.

Recall that last year, the NNPC claimed that the 125,000 barrels per day Warri Refinery was operating at 60 per cent capacity and will focus on producing and storing critical products, including Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha. after the first 110 barrels per day refinery in Port Harcourt was operational.

The NNPC also noted that Kaduna Refinery and the 150,000 barrels per day second refinery in Port Harcourt will consolidate Nigeria’s position as a global energy provider.

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