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DLM Capital Sponsors Employee’s Philanthropic Projects

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DLM Capital Employee's Philanthropic Projects

DLM Capital Group, a development investment bank, partnered with the Shile Akinjo Charity Foundation (SACF) on two of its charity initiatives: “Love Feast on the Street” and “Back-to-School Project.”

Shile Akinjo, a corporate finance associate at DLM, started SACF in 2022 to support low-income families and the less privileged to fight poverty, receive decent health care, and achieve a basic education.

The “Love Feast on the Street” was held on the 17th of December 2022 to celebrate Christmas with over 400 kids at Makoko Slum, Yaba, Lagos. The day’s highlights include face painting, a dance competition, popcorn, food, drinks, and the gifting of party packs to the kids.

The “Back-to-School Project” was held on the 20th of January 2023 at The Light School and Boanerges School at Akesan, Alimosho, local government. All the pupils in basic 1–5 were given school supplies such as school bags, socks, notebooks, pencils, biros, erasers, rulers, crayons, water bottles, and snacks.

Shile Akinjo commented on the initiative, stating, “Happiness is as essential as food if a child is to develop into normal manhood or womanhood.” Being able to put smiles on these kids’ faces is fulfilling, and we will continue to carry out initiatives that support these goals. I am grateful to Mr. Sonnie Ayere and DLM Capital Group for their full commitment to these projects. I feel lucky to work for a company that supports and encourages its employees to do good things for the community.

In a statement highlighting DLM’s sponsorship of the projects, Chinwendu Ohakpougwu, Head of Corporate Communications, said: “At DLM, we are committed to impacting human lives. The management of DLM will continue to support good causes that promote the welfare of others.”

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LASEMA Battles to Curtail Fire Outbreak at Balogun Market

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fire Balogun Market

By Modupe Gbadeyanka

The Lagos State Emergency Management Agency (LASEMA) has said it was working tirelessly with other agencies to put out the fire at 3/5 Gbajumo Street, Balogun, Lagos Island.

In a statement issued on Thursday, the organisation said it received a distress call from concerned persons in the wee hours of today over the unfortunate incident.

It was gathered that a 5-storey building at the Balogun Market was gutted by fire, destroying properties worth millions of Naira.

Giving an update on the situation, LASEMA said the joint teams, which rushed to the scene of the inferno, were having a constraint preventing the fire trucks from having direct access to the source of the fire, which are the shops constructed on the road blocking all routes.

“The agency received a distress call around 12:30 am today, Thursday, January 26, 2023, regarding a fire outbreak at No 3/5 Gbagumo street Balogun market, Lagos Island, which prompted the immediate activation of the Emergency Response Team to the scene of the incident.

“Consequent upon arrival at the scene of the incident, information gathered revealed that some shops (rubber shoes and clothes are stored) on the first floor of a 5-storey building was gutted by fire. However, the cause of the fire could not be ascertained.

“Fortunately, there is no loss of life or casualty involved in the incident.

“Collaborative efforts to put out the fire are ongoing by the agency’s Response Team and its fire unit, alongside Lagos State Fire and Rescue Service, Federal Fire Service, Police Force, CBD, LASAMBUS, LNSC and NEMA.

“However, the joint teams have a constraint which is preventing the fire trucks from having direct access to the source of the fire, which are the shops constructed on the road blocking all routes.

“Efforts are still ongoing to prevent the spread of the fire to nearby buildings. Operations are also still ongoing,” the statement said.

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Tinubu Never Blamed Buhari for Fuel Scarcity, Others—Onanuga

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Tinubu blames Buhari

By Modupe Gbadeyanka

The Director of Media and Publicity of the All Progressives Congress (APC) Presidential Campaign Council (PCC), Mr Bayo Onanuga, has said the party’s presidential candidate, Mr Bola Tinubu, did not blame President Muhammadu Buhari for the current challenges in the country.

On Wednesday, during his campaign in Abeokuta, Ogun State, Mr Tinubu accused some powerful persons were behind the current scarcity of petrol in Nigeria, as well as the scarcity of the new Naira notes.

President Buhari is the Minister of Petroleum Resources, and fuel scarcity has remained for months under his watch. He also approved the redesigning of the Naira when Mr Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), brought the proposal to him.

But while speaking yesterday, Mr Tinubu said, “We will use our PVCs to take over government from them. If they like, let them create a fuel crisis; even if they say there is no fuel, we will trek to vote.

“They are full of mischief, they could say there is no fuel. They have been scheming to create a fuel crisis but forget about it. Relax, I, Asiwaju, have told you that the issue of fuel supply will be permanently addressed,” he said at the campaign rally.

“Whoever wants to eat the honey embedded in a mountain won’t worry about the axe. Is that not so? And if you want to eat palm kernel, you would bring a stone and use it to break it; then the kernel will come out. It’s not easy to…

“Let them increase the price of fuel, let them continue to hoard fuel, only them know where they have hoarded fuel, they hoarded money, they hoarded naira; we will go and vote, and we will win even if they changed the ink on Naira notes. Whatever their plans, it will come to nought,” he added.

His comments generated mixed reactions, with some commentators saying he was indirectly indicting Mr Buhari for the crisis facing the country.

But Mr Onanuga rebuffed this, saying the opposition Peoples Democratic Party (PDP) was plotting to “create a wedge between our presidential candidate and President Muhammadu Buhari.”

According to him, the former Governor of Lagos State was only empathising “with the Nigerian people facing the dual crises of fuel and new Naira notes scarcity.”

“For the records, Asiwaju Tinubu, during the APC campaign rally at Abeokuta on Wednesday, in his statement, did not mention, blame or accuse President Muhammadu Buhari for the current challenges in the country.

“Asiwaju Tinubu was only adverting the government’s attention to the sabotage being carried out by some Fifth Columnists in the system, possibly working in cahoots with the PDP.

“The CBN officials, including Governor Godwin Emefiele, have said many times that enough new Naira notes have been supplied to the banks, yet our people complain that they have not been able to get the new notes.

“In recent days, many ATMs are either not working, or when working, they are dispensing the old notes, just a few days to the  January 31 deadline.

“Similarly, Asiwaju Tinubu is aware of the salutary efforts by President Buhari to end the fuel queues by chairing a 14-man panel. Yet the queues and agony continue.

“For a presidential candidate, who cares about the suffering of our people, he has a duty to warn the government that its efforts to make life better for Nigerians are being sabotaged on several fronts.

“Our presidential candidate only re-echoed what is well known and acknowledged, even by President Buhari himself, at different fora: That there are Fifth Columnists in and outside of government who often throw spanners in the works against good intentions and programmes of the government.

“How does an advisory genuinely made by Asiwaju Tinubu to protect and create goodwill for the government of his party become an attack? It can only be so in the jaundiced view of the PDP,” a part of the statement issued on Thursday said.

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Elections: Tinubu Accuses Buhari Administration of Sabotage

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Tinubu Abeokuta

By Modupe Gbadeyanka

The candidate of the ruling All Progressives Congress (APC) in the presidential election on February 15, 2023, Mr Bola Tinubu, has claimed that some powers that be in the administration of President Muhammadu Buhari were working to ensure he does not win the exercise, noting that they were behind the lingering fuel scarcity and the redesigning of the higher denominations of the Naira.

Last month, the Central Bank of Nigeria (CBN) introduced new N200, N500, and N1,000 notes into circulation. Later, the bank limited the amount of cash that can be withdrawn by customers across the channels.

This action was greeted with mixed reactions and the Department of State Services (DSS) later made attempts to arrest the Governor of the CBN, Mr Godwin Emefiele, who wanted to pick the sole presidential ticket of the APC until he was stopped by the court.

For almost the better of 2022, Nigerians had to queue at petrol stations for the product because of a disruption in supply. Earlier in the year, the scarcity was caused by the circulation of adulterated fuel and later in the year, a shortage of supply was blamed on flooding across the country.

At the moment, Nigerians have not been able to buy petrol with ease and in some places, the pump price is above the government-regulated price of N169 per litre.

Speaking in Abeokuta, Ogun State on Wednesday during his campaign, Mr Tinubu accused those against his emergence as the presidential candidate of causing the fuel scarcity.

“We will use our PVCs to take over government from them, if they like let them create fuel crisis, even if they said there is no fuel, we will trek to vote. They are full of mischief, they could say there is no fuel. They have been scheming to create fuel crisis, but forget about it. Relax, I Asiwaju have told you that the issue of fuel supply will be permanently addressed.

“Whoever wants to eat the honey embedded in a mountain won’t worry about the axe. Is that not so? And if you want to eat palm kernel, you would bring stone and use it to break it, then the kernel will come out. It’s not easy to…

“Let them increase the price of fuel, let them continue to hoard fuel, only them know where they have hoarded fuel, they hoarded money, they hoarded naira; we will go and vote and we will win. Even if they changed the ink on Naira notes. Whatever their plans, it will come to nought. We are going to win. Those in the PDP will lose.

“I am homeboy, I have come here, you will not be put to shame, we will take over the government from them, the traitors who wanted to contest with us. They had no experience.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax. They don’t want this election to hold, they want to scuttle it. Do you agree?

“On this one, I’m guaranteeing you one thing: there will be student loan. Nobody will drop out of the University because of school fees. I guarantee you that. Nobody will have to repeat for eight years, and not graduate.

“Haba! We are too smart, we are brilliant, we are courageous, we are sharp, we will make four years course four years course. Do you agree? Will you vote whether there is fuel or not? Call your sister, we are bringing revolution.

“Let me say what’s on my mind. The other day, I told you. This one too, they think they can cause crisis by sabotaging fuel supply. They are sabotaging fuel supply. Whether there is fuel or not, whether there is

Okada (commercial motorcycle) or not, whether there is tricycle or not, we will go and vote and we shall win.

“This is a superior revolution and when I tell you, you know what I mean. You know me, we are going there to win,” the former Governor of Lagos State said at the rally held at the MKO Abiola International Stadium.

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