General
Ecobank Gets Applause for Environment Protection
Ecobank Nigeria’s environmental sustainability initiatives targeted at removing non-biodegradable elements particularly plastic bottles from the streets of Lagos has continued to generate commendation, recognition and goodwill from government officials, corporate organizations and well-meaning individuals.
At the weekend, Ecobank was also presented with the 2019 CSR Marble Award of Excellence at an event organized by a renowned public relations outfit, AS+A Communications in Lagos.
Speaking at the Corporate Social Responsibility (CSR) forum, exhibitions and awards ceremony in Lagos State, the State Commissioner for Information and Strategy, Gbenga Omotosho, said the award for Ecobank was well deserved, stressing that the Bank has demonstrated high degree of consistency in tackling environmental issues and thereby enhancing healthy living across the country.
Specifically, the Commissioner said Ecobank’s current efforts at removing plastic bottles from the streets of Lagos is assisting the government to make the environment safer for people to live, urging other Corporate organizations to emulate the Pan African Bank.
According to him, “We are impressed with what Ecobank is doing in the state ecosystem. Its collaboration with relevant government agencies as part of its CSR initiatives to get rid of used plastic bottles from streets is making the state safer for people to live and do business. I implore other Corporate organizations to partner with us to make the ecosystem safer for habitation.”
Speaking in the same light, President, African Public Relations Association (APRA), Mr. Yomi Badejo-Okusanya commended Ecobank for raising the bar of CSR activities in the protection of the environment. He advised the Bank not to relent in its efforts until a livable environment is achieved.
Managing Director, AS+A Communications, the organisers of the event said Ecobank deserves the award based on its past and current efforts in the protection of the environment. According to her, “annually, we recognize and honour socially responsible personalities and institutions of high esteem in areas of national development and most especially their land mark achievements in the area of human capacity development as well as other social and environmental development initiatives. Ecobank fit this description. We salute the bank’s initiatives and we believe this award would further spur them to do better in helping humanity.”
Responding, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said the award validates the positive impact of Ecobank’s CSR strategy, noting that the award further reinforces the bank’s determination to support in the protection of the ecosystem.
According to him, it is a deliberate policy of Ecobank Nigeria to embark on sustainable projects that impact people and the environment. He noted that in May this year, Ecobank informed Lagos residents to exchange plastic bottles for cash at designated locations across the state.
The collectors are incentivized with N30 for every kilogram of plastic bottle collected. The bank he is said had set a target to remove 4 million plastic bottles, and so far, over 2 million plastic bottles have been successfully exchange for cash.
Mr. Akinwuntan also disclosed that a week tagged ‘Ecobank sustainability week’ was set aside in May, during which symposia was organised for secondary schools’ students to create awareness on tackling plastic wastes and other environmental issues amongst other activities that focus on environmental sustainability.
The bank Managing Director dedicated the award to staff and customers of the bank, who he said have worked relentlessly towards maintaining high sustainable standards that has earned them the award. He assured that Ecobank will continue to embark on initiatives that impacts the people, environment and the economy.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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