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Interswitch Boss Links Corruption With Poverty

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Mitchell Elegbe

Founder of Interswitch Group, Mr Mitchell Elegbe, has emphaised the importance of trust in becoming successful in life, saying being trusted goes hand-in-hand with trustworthiness, adding that trustworthiness was a culmination of ability, integrity and benevolence.

Speaking at the second InterswitchSPAK Masterclass held in Lagos recently, the entrepreneur also said the best way to fight corruption was to have the mindset of equity, stressing that corruption and poverty go hand-in-hand.

He explained the relationship between equality and equity, noting that not all have equal strengths, opportunities and privileges. However, he said with a sense of equity, the more privileged would share with the less privileged.

“While it is wrong for the less privileged to demand equity as a right – as that is extortion – it is important that the privileged have a mindset of equity, that allows them to share from their abundance. It is with this mindset of equity that prosperous communities are built and the fight against corruption is won,” Mr Elegbe said.

The Masterclass is part of the InterswitchSPAK Switch-a-Future- project, a CSR initiative of the company focused on driving increased interest in the study of Science, Technology, Engineering and Mathematics (STEM) subjects among Senior Secondary School students across Africa.

Participants at the Masterclass were made up of the top 81 students out of the over 13,322 students from various private and public secondary schools across the 36 states of the federation, including the FCT, who wrote the National Qualifying Examinations in April.

Other speakers at the Masterclass were Dr. Ola Orekunrin-Brown, MD / Founder, Flying Doctors Nigeria, who spoke on the topic: ‘Entrepreneurship – Creating Sustainable Impact by Solving Social Problems’. Dr. Brown shared the story of how she started Flying Doctors and the challenges she surmounted. She reiterated the need for basic financial literacy for budding entrepreneurs.

Dr. Jumoke Oduwole, Senior Special Assistant to the President on Industry, Trade, and Investment who was represented by Ayokunnu Ojeniyi, Project Manager, Enabling Business Environment Secretariat, Office of the Vice-President, spoke on the topic: ‘Collaborative Approach to Social Innovation’ and why it was important to think creatively and critically in addressing social problems.

In her welcome address, Enyioma Anaba, Group Head, Corporate Segment, Corporate Marketing, at Interswitch, said that the Masterclass was an integral part of the InterswitchSPAK project because the sessions were designed to inspire the young people to contribute to solving Africa’s many problems.

She said: “We brought together these 81 brilliant young minds to draw from the experiences and insights of accomplished thought leaders, thinkers and professionals who are leading lights in their respective spheres of influence and who are practical advocates of innovation, as a platform for social and economic development. We hope that the interactions during the sessions will provide them with the right mental and emotional foundations upon which to build their character for the long haul.”

The Masterclass was a full-day of knowledge sharing and engagement session and had these inspiring and successful men and women in our society sharing their experiences across school, work and family life.

The participants included the 81 finalists aged between 14 and 17 years, students from Slum2School Innovation lab, staff of Interswitch and the media.

Cherry Eromosele, Group Chief Marketing and Communications Officer at Interswitch, disclosed that as a progressive organisation, Interswitch has the interest of the young African talents at heart.

She said: “For Africa’s youth to succeed in today’s knowledge-based economy, they need to acquire the right skill sets; their minds need to be re-engineered and reconciled with STEM education as well as introduced to other softer skills which are not readily taught in the classrooms. At Interswitch, we are creating a platform that allows them to not only compete within a job market that is globalized, but to become catalysts for the creation of job markets in themselves”.

In furtherance of the commitment to the pan-African spread of the initiative, the InterswitchSPAK Switch-a-Future project was launched in Kenya and the inaugural Masterclass for the finalists held in Nairobi on August 2, 2019.

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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NERC Unveils 3-Step Guide for Resolving Electricity Complaints

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NERC

By Adedapo Adesanya 

The Nigerian Electricity Regulatory Commission (NERC) has introduced a streamlined three-step process to help electricity consumers address common issues like power outages, estimated billing, faulty meters, and voltage fluctuations.

In a public advisory shared on its X handle on Tuesday, the electricity sector regulator emphasised that customers should begin by contacting their respective electricity Distribution Companies (DisCos), which serve as the primary point of contact for technical and billing problems.

Consumers are urged to secure a complaint reference number and maintain records of all interactions for efficient follow-up.

The advisory outlines the process as follows: “Contact your DisCo’s customer care – This is the first step for all technical or billing issues;

“Escalate to State Electricity Regulator (SER) – If unresolved, and the consumer is in a state that has transitioned to an SER;

“Reach NERC Call Centre – For consumers in non-transitioned states or needing further assistance. Contact options include 0201 344 4331, 0908 899 9244, or [email protected],” it said.

“We’re here to make sure your complaint is heard and addressed,” the advisory concluded, aiming to empower consumers amid ongoing challenges in Nigeria’s power sector.

This guidance comes as electricity consumers continue to grapple with service disruptions and billing disputes, highlighting NERC’s efforts to improve accountability across DisCos and state regulators.

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Senate Passes Electoral Act Amendment Bill After Mild Row

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Senate confirms Umar Yahaya

By Adedapo Adesanya

The Senate passed the Electoral Act, 2022 (Repeal and Re-Enactment) Bill 2026 on Tuesday after overcoming a rowdy session that saw lawmakers at loggerheads.

The issue in the upper chamber stemmed from a division over Clause 60 raised by Mr Enyinnaya Abaribe, a member of the opposition party, African Democratic Congress (ADC), from Abia South.

The Senate President, Mr Godswill Akpabio, stated that he believed the demand had previously been withdrawn, but several opposition senators immediately objected to that claim.

Citing Order 52(6), the Deputy Senate President, Mr Barau Jibrin, argued that it would be out of order to revisit any provision on which the Senate President had already ruled.

This submission sparked another uproar in the chamber, during which Mr Sunday Karimi had a brief face-off with Mr Abaribe.

The Senate Leader, Mr Opeyemi Bamidele, then reminded lawmakers that he had sponsored the motion for rescission, underscoring that decisions previously taken by the Senate are no longer valid, maintaining that, consistent with his motion, Mr Abaribe’s demand was in line.

Mr Akpabio further suggested that the call for division was merely an attempt by Mr Abaribe to publicly demonstrate his stance to Nigerians. He sustained the point of order, after which the Abian lawmaker rose in protest and was urged to formally move his motion.

Rising under Order 72(1), Mr Abaribe called for a division on Clause 60(3), specifically concerning the provision that if electronic transmission of results fails, Form EC8A should not serve as the sole basis, calling for the removal of the proviso that allows for manual transmission of results in the event of network failure.

During the division, Mr Akpabio directed senators who supported the caveat to stand. He then asked those opposed to the caveat to rise, to which 15 opposition senators stood.

However, when the votes were counted, the Senate President announced that 15 senators did not support the proviso, while 55 senators voted in support.

Earlier, proceedings in the Senate were momentarily stalled as lawmakers began clause-by-clause consideration of the Electoral Act, 2022 (Repeal and Re-Enactment) Bill 2026, following a motion to rescind the earlier amendment.

The motion to rescind the bill was formally seconded on Tuesday, paving the way for the upper chamber to dissolve into the committee of the whole for detailed reconsideration and reenactment of the proposed legislation.

During the session, the Senate President, Godswill Akpabio, reeled out the clauses one after the other for deliberation.

However, the process stalled when at clause 60, Mr Abaribe raised a point of order, drawing immediate attention on the floor.

This soon caused the session to move into a closed-door session.

Before rescinding the Electoral Act, the red chamber raised concerns over the timing of the 2027 general elections and technical inconsistencies in the legislation.

Rising under Order 52(6) of the Senate Standing Orders, the Senate leader, Opeyemi Bamidele, moved the motion to reverse the earlier passage of the bill and return it to the Committee of the Whole for fresh deliberations.

He explained that the development follows the announcement by the Independent National Electoral Commission (INEC) of a timetable fixing the 2027 general elections for February 2027, after consultations with the leadership of the National Assembly.

He stated that stakeholders had raised concerns that the proposed date conflicts with the provisions of the amended law, particularly the requirement that elections be scheduled not later than 360 days before the expiration of tenure.

He further noted that upon critical review of the passed bill, the 360-day notice requirement prescribed in Clause 28 could result in the scheduling of the 2027 Presidential and National Assembly elections during the Ramadan period.

According to him, holding elections during Ramadan could negatively affect voter turnout, logistical coordination, stakeholder participation, and the overall inclusiveness and credibility of the electoral process.

The motion also highlighted discrepancies discovered in the Long Title and several clauses of the bill, including Clauses 6, 9, 10, 22, 23, 28, 29, 32, 42, 47, 51, 60, 62, 64, 65, 73, 77, 86, 87, 89, 93, and 143. The identified issues reportedly affected cross-referencing, serial numbering, and internal consistency within the legislation.

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IFMA Nigeria Gets Branch in Oyo, Picks Adejumo Olusola Babatunde as Coordinator

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IFMA Nigeria Oyo branch

By Modupe Gbadeyanka

A new branch of the International Facility Management Association (IFMA) Nigeria Chapter has been established in Oyo State, with Mr Adejumo Olusola Babatunde chosen as Coordinator.

The organisation set up an arm in the South-West state in a bid to expand its footprint in the country. Mr Babatunde will be assisted by other executive committee members, including Mr Ajiboye Olusola Akeem as Secretary, and Mrs Adeniran Olaide as Treasurer.

At the inauguration of the branch at the Nigerian Society of Engineers (NSE) Secretariat in the Akobo area of Ibadan, the Oyo State capital, the president of IFMA Nigeria, Mr Sheriff Daramola, expressed delight at the successful inauguration of the branch and commended members for their commitment to the growth of facility management in Nigeria.

He highlighted IFMA’s global heritage, noting that the association is supporting over 25,000 members in more than 140 countries worldwide. Mr Daramola emphasised IFMA’s strong global network, the world’s largest and most widely recognised association for facility management professionals, headquartered in the United States and its growing influence in Africa, the Middle East and Europe.

“IFMA members have taken positions of authority across federal, state, and private institutions; IFMA Nigeria is positioned to ensure our professionals are the first choice for global investors entering the Nigerian market,” he stated.

The Legal Adviser of IFMA, Nigeria, Mr Sola Fatoki, who shared this sentiment, said, “Since 1997, when IFMA Nigeria was established, the association has equipped facility management professionals with integrated knowledge spanning human behaviour, infrastructure, and the built environment.”

He encouraged engineers, architects, surveyors, ITC, Technology innovators, data analysts and allied professionals to see IFMA as their professional home and outlined the functions and responsibilities of branch executive committees.

In his remarks, Mr Babatunde expressed gratitude to the national council for the opportunity to serve and pledged to ensure the success of the branch, focusing on unity and the professional advancement of stakeholders in the region.

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