SERAP Challenges Buhari, Osinbajo, Others to Declare Assets

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has cancelled all activities lined up for his 60th birthday amid increased calls for his sack. Mr Komolafe, a Fellow of the Nigerian Society of Engineers (NSE), turned the milestone age on Tuesday, September 26 and there was a planned thanksgiving service to mark the day slated for this Saturday, September 30. However, he said that amid the current economic state in the country, he has decided to cancel all the planned celebrations, according to a report by Premium Times. This development comes

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) has been chosen as the best federal government agency in Digital Transformation. This recognition came from the Presidency through the Bureau of Public Service Reforms (BPSR). In a statement, it was disclosed that the Director-General of the maritime regulator, Mr Bashir Jamoh, has been nominated to receive the distinguished GovTech Trailblazers Award for his exemplary leadership. The BPSR explained that the nominees were picked from a nationwide nomination and online voting process initiated by the bureau, as well as a detailed analysis of the performance of all government MDAs

By Modupe Gbadeyanka Nine foreigners and two Nigerians have been arraigned by the Economic and Financial Crimes Commission (EFCC). The 11 suspected oil thieves were brought before Justice J.K Omotosho of the Federal High Court sitting in Port Harcourt, Rivers State. The suspect are Mohammed Ejaz, Naseer Khan (Pakistani), Oleksandr Nazarenko, Oleksandr kashernvi (Ukrainians), Romeo Annang, Francis Ahorlu, Kwesi Attah (Ghanaians), Victor Mikpayi (Beninois), Fredrik Fatin Omenu (Indonesian), Victor Azebiri, David Otuhohi (Nigerians) and a company: Asztral Shipping Corporation SA, and a Vessel, MT. TECNE (a.k.a MT STAR). The accused persons were remanded in prison by the court pending arraignment

By Adedapo Adesanya Leading non-interest banking institution in Nigeria, Jaiz Bank Plc, recorded N1.8 billion Profit After Tax (PAT) for the year 2019 as revealed in the company’s unaudited Consolidated Financial Statement for the year under review. The post-tax profit declared by the firm last year was 114 percent better than what was achieved in the 2018 financial year, N834 million. In the year under consideration, the lender declared a profit before tax of N2.1 billion, higher than the N897.7 million in the previous year, while the sum of N315.2 million was paid as tax to the government, higher than

By Adedapo Adesanya Nigeria’s top energy startup company, Rensource, has raised a $20 million Series A investment from African venture capital fund, CRE Venture Capital and impact investor, the Omidyar network, to expand its footprint in the power sector of Nigeria, which is presently in comatose. Rensource is a solar energy firm dedicated to providing effective and efficient renewable energy to enterprises with a special focus on small and medium enterprises (SMEs) across the country. It was established in 2016. The new funding comes on the heel of the company’s need to stamp its foothold, scale up its technology offerings

By Dipo Olowookere Nigerian businessman, Mr Aliko Dangote, has disclosed that policies in Tanzania have the tendency to drive away investors willing to do business on the country. He warned that something must be done to address this. In a live interview at the FT Africa Summit on Monday about his relationship with Tanzanian President, Mr John Magufuli, the Africa’s richest man smiled and replied positively, “It’s okay. I can always call him; I have his mobile number, and he listens to me.” In the chat with Financial Times Editor, Mr Lionel Barber, Mr Dangote noted that Tanzania’s general policies

By Adedapo Adesanya The management of Shebah Exploration & Production Company Ltd (SEPCOL) has revealed that three crew members from the oil vessel that exploded in Delta State have been found alive with one fatality. The company confirmed this in a statement on Sunday following the fire outbreak that engulfed the FPSO Trinity Spirit at the Ukpokiti Terminal in the early hours of Wednesday, February 2. The statement signed by the company’s Chief Executive Officer, Ikemefuna Okafor, stated that, “We can confirm that three (3) crew members have been found alive in the community and our priority is to ensure

By Dipo Olowookere After about 188 years of its existence, the ancient city of Ibadan will soon have a tangible master-plan prepared by the Governor Abiola Ajimobi-led administration. The master-plan of the 3.5 million people city, according to the state government, has reached 75 percent completion. This was disclosed by the Commissioner for Environment and Water Resources, Mr Isaac Ishola, at an annual luncheon entitled ‘Restructuring Nigeria as a Nation: The Benefits and shortcomings,’ organised by the Nigerian Institution of Surveyors, Oyo State branch in Ibadan. On the proposed master plan, the Commissioner said that though the ancient city was

By Dipo Olowookere President Muhammadu Buhari has been advised to immediately remove Mr Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN) if he fails to vacant his position with immediate effect in order to fulfil his political ambition. Governor of Ondo State, Mr Rotimi Akeredolu, in a statement on Friday, disclosed that Mr Emefiele cannot remain in office and participate in the 2023 general elections. Yesterday, it was reported that three groups had purchased the presidential nomination form of the All Progressives Congress (APC) for the CBN chief for N100 million. This action sparked reactions from

By Dipo Olowookere The Assets Management Corporation of Nigeria (AMCON) is not slowing down in its determination to recover the over N5 trillion debt owed the commission by some influential persons in the country. Yesterday, during a meeting at the Presidential Villa, Chairman of AMCON, Mr Muiz Banire, disclosed that about 20 debtors owe 67 percent of the N5 trillion debt. At the meeting, the Vice President, Mr Yemi Osinbajo, constituted a task force to ensure this huge debt was recovered so as to make more funds available to government for infrastructural projects in the country. This committee comprises the