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IWD: Zedcrest Tasks Women on Excellence, Leadership

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Zedcrest Women

New-age financial solutions powerhouse, Zedcrest Group, marked the International Women’s Day by organizing a career and mentoring programme for its female staff and customers at its Marina Office on Tuesday, March 9, 2020.

Speaking on the theme of this year’s IWD event #EachforEqual, Group Managing Director of Zedcrest, Mr Adedayo Amzat, urged women to continuously strive for excellence, underscoring that true empowerment of people comes through achieving excellence.

He stated that the career and mentoring programme organized by the company was not just to advocate for gender equality but to also empower all female staff of the company.

The GMD, who was represented at the event by Mr Gbenga Adigun, Business Head, Zedcrest Investment Managers (ZIMVEST), commended women for their contributions to nation building.

“To all women out there making impact, breaking barriers, striking a balance, juggling the many bills, you deserve the ovation associated with this day,” he said.

“At Zedcrest Group, we are passionate about the women and their overall well-being. We are interested in their growth – their career, health and other areas. We will continue to provide platforms and support programs that will help women through.

“At the core of our services is catering to the needs of women and we are constantly gearing efforts towards promoting women-focused initiatives and providing opportunities to help them maximize their potential. We are proud to say that we have about 50% of female staff at Zedcrest Group (206 female and 221 male staff),” he added.

The guest speaker, Mrs Enife Atobiloye, Managing Consultant, Human Leadership Resources, in her remark said gender equality does not mean that men and women become the same; only that access to opportunities, resources and protections should be the same irrespective of their sex.

“Guaranteeing the rights of women and giving them opportunities to reach their full potential is critical not only for attaining gender equality, but also for meeting a wide range of international development goals. Empowered women and girls contribute to the health and productivity of their families, communities, and countries, creating a ripple effect that benefits everyone”, she said.

“To make equality a reality we need to draw more into the conversation”, Ms Stella Duru, Non-Executive Director, Zedcrest Capital Limited said.

“Despite all the progress made, men still dominate positions of power. And, as a string of recent harassment scandals has shown, the behaviour of some men has had profound effects on women’s careers, their success and their lives. The good news, as we mark International Women’s Day, is that many men are acknowledging the importance of playing their part to make gender equality a reality”, she said.

International Women’s is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender parity.

The day has occurred for well over a century, with the first IWD gathering in 1911 supported by over a million people in Austria, Denmark, Germany and Switzerland.

Prior to this, the Socialist Party of America, United Kingdom’s Suffragists and Suffragettes, and further groups campaigned for women’s equality. Today, IWD belongs to all groups collectively everywhere.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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London Jury Clears Diezani Alison-Madueke of Bribery Charges

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Diezani Allison-Madueke

By Adedapo Adesanya

Former Nigerian Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, was on Wednesday found not guilty ​by a London jury of six bribery charges, after ‌five months of trial.

Mrs Alison-Madueke, an oil minister between 2010 and 2015 under then-president Goodluck Jonathan, stood trial ​charged with five counts of accepting bribes and a ​charge of conspiracy to commit bribery, which she denied.

Prosecutors ⁠alleged that the 65-year-old Mrs Alison-Madueke was given “a life of luxury” in London ​from oil and gas industry figures seeking lucrative contracts in Nigeria, ​which has long grappled with mismanagement and corruption.

The jury deliberated for more than 46 hours before reaching its verdict.

Mrs Alison-Madueke was charged by the UK’s National Crime Agency in 2023 over allegations she took £100,000 in cash as well as accepting flights on private jets, chauffeur-driven cars and luxury goods from Louis Vuitton and Harrods.

Other counts allege she received school fees for her son, products from high-end shops such as London’s Harrods department store and Louis Vuitton, and further private jet flights.

Mrs Alison-Madueke has been involved in numerous legal cases globally, including in the United States.

She has been on bail in Britain since she was arrested in October 2015.

In 2023, she was formally charged with accepting bribes, which she has denied.

Mrs Alison-Madueke stood trial alongside oil industry executive, Mrs Olatimbo Ayinde, 54, who was ​charged with one count of bribery relating to ​Alison-Madueke ⁠and a separate count of bribery of a foreign public official.

Also, her elder brother, Mr Doye Agama, 69, was charged with conspiracy to commit bribery ⁠with ​his sister relating to payments made to ​his church.

Both Mrs Ayinde and Mr Agama denied the charges against them and were also ​acquitted by the jury.

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Senate Committee Clears Customs of Unremitted N62.2bn Allegations

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Nigeria customs wale adeniyi

By Adedapo Adesanya

The Senate Committee on Public Accounts has cleared the Nigeria Customs Service (NCS) of allegations that it failed to remit N62.2 billion into the Federation Account, as contained in the 2019 Audit Report of the Office of the Auditor-General of the Federation.

The committee reached the decision on Tuesday during an investigative session with the Comptroller-General of Customs, Mr Adewale Adeniyi, over 77 audit queries raised against the agency in the 2019 and 2020 audit reports.

The committee, however, resolved to establish an ad hoc reconciliation panel to review the remaining 76 audit queries and report for further consideration.

At the hearing, representatives of the Auditor-General’s office informed lawmakers that while the Customs Service generated more than N691 billion in revenue in 2017, only about N629 billion was remitted to the Federation Account, leaving an outstanding balance of N62.2 billion.

Responding, the Customs CG explained that the amount in question consisted of levies collected on behalf of other government agencies and was therefore not meant for remittance into the Federation Account.

According to him, the figure was wrongly classified as under-remittance in the audit report.

Mr Adeniyi stated that while some levies collected by Customs are paid into the Federation Account, others, including certain levies on local production of wheat, textiles and wines, are designated for separate accounts.

He maintained that the disputed N62.2 billion fell into that category and should not have been recorded as unremitted revenue.

The Customs boss also provided explanations on the second and third audit queries, which members of the committee described as satisfactory.

Some lawmakers questioned why the issues had progressed to a Senate investigation, arguing that they should have been resolved during routine reconciliation between Customs officials and auditors.

In his response, Mr Adeniyi noted that the audit years under review coincided with a period of strained relations between the National Assembly and the Customs Service.

The reconciliation committee is expected to work with Customs officials and auditors to resolve discrepancies in the remaining audit queries before further legislative action is taken.

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Dangote Cement Ibese Distributes Farming Inputs to Boost Productivity

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Dangote cement ibese farmers

By Modupe Gbadeyanka

Some farming inputs have been distributed to farmers drawn from 17 host communities of the Ibese Plant of Dangote Cement Plc.

This is part of the organisation’s commitment to food security and sustainable community development, under its annual farmers’ empowerment initiative, which has become a cornerstone of the company’s social investment strategy.

The beneficiaries received modern farming inputs alongside technical training aimed at improving crop yield, productivity, and income across the agricultural value chain.

Business Post gathered that each of the 60 farmers got three bags of 50kg NPK fertiliser, two bags of Urea fertiliser, one Knapsack sprayer and 10 litres of Force-Up herbicide.

Welcoming the guests and beneficiaries, the Plant Director, Mr Ayyagari Subbaraidu, emphasised that the programme was designed not only to support local farmers but to build a sustainable agricultural ecosystem within the company’s host communities.

He noted that the intervention aligns with Dangote Cement’s broader corporate social responsibility priorities, which include empowerment, education, health, and infrastructure development.

Mr Subbaraidu said, “At Dangote Cement, we understand that while we manufacture cement for the construction of homes, schools, hospitals, roads, and other critical infrastructure, true development is ultimately about people. It is about creating opportunities, improving livelihoods, and enabling communities to thrive. This philosophy remains at the heart of our operations and our relationship with our host communities.”

He disclosed that to date, 300 farmers across our host communities have benefited from training, farm inputs, and agricultural tools, noting that they have cultivated more than 800 acres of farmland and produced over 40,000 tons of agricultural output.

“These figures tell an important story, representing families whose livelihoods have improved, children whose educational needs have been supported, businesses that have grown, and communities that have become more resilient. They demonstrate what can be achieved when communities and corporate organisations work together toward a common goal,” he stated.

“We provide modern farm inputs to support our farmers to enhance productivity and achieve better yields. This is not just about distribution; it is about enabling a shift to more efficient and sustainable farming methods that will ultimately boost food production and livelihoods,” he said.

Mr Subbaraidu revealed that the training component of the programme is critical in ensuring that beneficiaries maximise the value of the inputs provided, as participants were taken through practical sessions on good agricultural practices, including crop protection and pest management techniques, equipping them with knowledge to mitigate farming risks and improve output.

Speaking on behalf of the communities, a representative described the programme as a “game changer” that has not only boosted food production but also strengthened the relationship between the company and its host communities.

One of the farmers, Mr Akanbi Moses from Aga-Olowo Community, noted that the provision of free inputs and training has significantly improved their productivity and income levels, enabling them to scale their farming activities. Another beneficiary highlighted how the training sessions have enhanced their understanding of modern farming techniques, resulting in better crop management and reduced post-harvest losses.

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