General
Interswitch Boss Links Corruption With Poverty
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.
By Adedapo Adesanya
President Bola Tinubu will embark on a state visit to France on Wednesday and stay in the European country for the next three days in honour of an invitation from President Emmanuel Macron.
The presidency disclosed this in a statement on Tuesday signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.
The statement said President Tinubu will “be received on Thursday at the 350-year-old French military museum, Les Invalides and Palais de l’Élysée, by Mr Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.”
“The Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, particularly in agriculture, security, education, health, youth engagement and employment, innovation, and energy transition, promises significant benefits for Nigeria,” the statement said.
“Both leaders will participate in political and diplomatic meetings highlighting shared values on finance, solid minerals, trade and investments, and communication. They will also witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.
“Brigitte and Nigeria’s First Lady will discuss the latter’s passion for empowering women, children, and the most vulnerable through the Renewed Hope Initiative,” it added.
The President will travel for the visit with his wife, Mrs Oluremi Tinubu, and other senior government officials. They will be hosted at a state dinner by the French leader before their departure.
By Aduragbemi Omiyale
Some trucks belonging to the Nigerian National Petroleum Company (NNPC) Limited have been sighted lifting premium motor spirit (PMS), otherwise known as petrol, at the newly-renovated Port Harcourt Refinery in Rivers State.
The facility commenced processing crude oil processing on Monday of about 90,000 barrels per day, representing 60 per cent of its installed capacity of 150,000 barrels per day.
The plant began production three years after the government approved $1.5 billion for its rehabilitation.
On Tuesday, trucks stormed the refinery to load petrol and other petroleum products in preparation for competing with the Dangote Refinery, which commenced PMS production in September 2024.
The Chief Corporate Communications Officer of NNPC, Mr Olufemi Soneye, in a statement today, said trucks began loading petroleum products which include Premium Motor Spirit (PMS) or petrol, Automotive Gas Oil (AGO) or diesel and Household Kerosene (HHK) or Kerosene, while other product slates will be dispatched as well.
Speaking during a brief ceremony to mark the commencement of product loading at the refinery today, the chief executive of the form, Mr Mele Kyari, described this as a monumental achievement for Nigeria which signifies a new era of energy independence and economic growth for the country.
He thanked President Bola Tinubu for his unwavering support and understanding towards the rehabilitation project and for his persistence in ensuring energy security for the country.
Mr Kyari also expressed deep appreciation to the NNPC board and the entire staff for their support and commitment, which crystallized into the streaming of the refinery, commending the contractors for doing a great job in ensuring that the refinery is delivered despite all challenges.
In his remarks, the Chief Executive of the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, congratulated the NNPC for the milestone and assured of his agency’s continued support towards the completion of rehabilitation work at the other refineries.
The refinery rehabilitation project is an Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) project aimed at restoring the refinery to full functionality and renewal.
It has achieved over 16 million manhours with zero Loss Time Injury (LTI).
By Adedapo Adesanya
The Nigerian Navy has arrested three individuals suspected of attempting to smuggle 20,000 litres of petrol into the Republic of Cameroon as the country continues to battle oil theft.
The arrest took place on Monday during a routine night patrol on Mbo River, according to the Nigerian Navy’s Forward Operating Base, FOB, in Ibaka, Akwa Ibom State.
This was disclosed by the Commanding Officer of the Nigerian Navy Forward Operating Base, Ibaka, Captain Uche Aneke.
“The suspects were arrested at about 7 p.m. while our operatives were conducting a stop-and-search during a routine patrol.
“Upon intercepting the wooden vessel, which was laden with about 1,000 cartons of different brands of beer and other goods, we discovered 100 drums of PMS carefully concealed under the cartons,” Captain Aneke added.
The seized items, along with the suspects, were handed over to the Nigeria Security and Civil Defence Corps (NSCDC) for further investigation.
Captain Aneke also reiterated the Navy’s commitment to combating maritime crimes and issued a stern warning to those involved in illicit activities.
“I warn individuals or groups involved in smuggling or any form of criminal activity within Nigeria’s waters to desist immediately.
“Criminal elements in the FOB Ibaka area of operations under the Eastern Naval Command Area of Responsibility will continue to be detected using advanced surveillance equipment and intelligence.
“Nigeria’s waters and the Nigerian coastal areas are not for illegal activities.”
Receiving the suspects and exhibit, the Assistant Superintendent of Corps, NSCDC, Akwa Ibom Command, Mr Willie Sunday, confirmed the transfer.
“We will further investigate and possibly prosecute the suspects,” he added.
Oil theft has been one of Nigeria’s main challenges. It has led to a drop in revenue earnings and has forced the Nigerian government to step up security efforts in the Niger Delta.
Latest data from the National Bureau of Statistics (NBS) showed that Nigeria’s oil production averaged 1.47 million barrels per day in the second quarter of the year, compared to 1.45 million barrels per day in the first quarter.
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