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Wema Bank Employees Donate Salaries to Save Children at Hospitals

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By Modupe Gbadeyanka

For the second year in a row, members of staff of Wema Bank Plc have donated their salary for the treatment of children in emergency wards of three government-owned hospitals across the country.

Since 2016, Wema Bank, one of the leading financial institutions in Nigeria, has made February its month of giving by donating funds to mark St. Valentine’s Day, which holds every 14th of the second month of the year.

The initiative, called Purple Nectar, is designed to touch the lives of people in the communities where the bank operates.

It involves each interested staff donating a day’s Salary for Love as a way of celebrating St. Valentine’s Day.

“Every 14th of February, the world celebrates St. Valentine’s Day. Usually, couples go out on this day as a way of showing love to each other.

“But at Wema Bank, we decided that while it is fine for couples to show love to each other on this day, our focus as a bank should be on showing love to those who need it but are not getting it,” said the Managing Director/CEO of Wema Bank Plc, Mr Segun Oloketuyi.

Mr Oloketuyi, while presenting a cheque to one of the beneficiaries of the 2017 Purple Nectar Initiative at the Children Emergency Ward of the Lagos University Teaching Hospital (LUTH), said further that, “Some are in critical situations and they need all the help they can get.

“In our own little way of showing love, the staff of Wema Bank decided to put their salaries for that particular day (February 14) together and looked for people who need our love. The demonstration of this love is to support those who need help, especially in health-related issues.”

Children present at the LUTH Emergency Ward when Wema Bank visited were being treated for several ailments.

The mother of a 7-month old baby who benefitted from the initiative, Mrs Ngene broke down in tears as the Wema Bank Managing Director presented a cheque to her.

She thanked the staff of Wema Bank for the kind gesture and managed to smile before Mr Oloketuyi left her son’s bed side.

Another patient at LUTH who benefitted from the Purple Nectar Initiative is a 10-year-old girl who is undergoing chemotherapy. Within the 12 hours before the Wema Bank staff visited, she had taken more than 9 pints of blood.

Her mother, Mrs Soetan, who said her daughter had been at the hospital for 3 months expressed appreciation for the bank’s donation and prayed that God blesses the Wema Bank staff who donated to her ailing daughter.

Wema Bank’s Purple Nectar began in 2016 as part of the bank’s Corporate Social Responsibility (CSR) initiatives focused at helping the less-privileged in the society.

One of last year’s beneficiaries, a physically challenged hairdresser bought herself a wheelchair and set up a beauty shop after getting the Purple Nectar funding. She is doing well and has started production of her beauty care line.

The beneficiaries of this year’s Purple Nectar include patients at the Children’s emergency ward at LUTH, Braithwaite Memorial Specialist Hospital, Old GRA Port Harcourt and Wuse General Hospital, Abuja.

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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How We Rescued Ex-Lagos CP’s Wife from Kidnappers, Recovered N10m Ransom, Others—Police

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By Modupe Gbadeyanka

The wife of a former Commissioner of Police (CP) in Lagos, Mr Hakeem Odumosu, Mrs Folashade Odumosu, has been rescued from the kidnappers’ den.

Mrs Odumosu, whose husband retired as an Assistant Inspector General of Police (AIG), regained freedom in the earlier hours of Thursday, January 23, 2025, after some police detective launched an attack on her abductors.

She was forcefully picked up by the suspects on Thursday, January 16, 2025, at about 9:45 pm from her car outside her residence in the Arepo area of Ogun State allegedly by four masked gunmen.

Immediately after the incident, police operatives attached to the Ogun State Command began surveillance for her rescue, which finally happened a week later.

In a statement issued by the police spokesman, Mr Olumuyiwa Adejobi, narrated that the Ogun State police operatives engaged in extensive surveillance of the creeks surrounding Arepo, gathering crucial information to track down the assailants.

It was stated that their efforts culminated in a raid today after an intelligence-led operation took the police to a creek in the swampy area of Ikorodu where the kidnappers were reportedly planning their next attack.

Upon arrival, the operatives encountered the kidnappers, who opened fire. In the ensuing confrontation, two of the gunmen were neutralized, while four others fled the scene, abandoning their operational weapons.

The victim, Mrs Odumosu was rescued within the swampy creeks during the operation, unharmed. She is currently undergoing medical evaluation as a precautionary measure and has since been reunited with her family.

The police also recovered four AK-47 rifles, three locally made single barrel rifles, ammunition of various calibres, and the sum of N10 million ransom previously demanded by the kidnappers, further ensuring that justice is served.

The Inspector-General of Police (IGP), Mr Kayode Egbetokun, commended the Ogun State Commissioner of Police, Mr Lanre Ogunlowo, and his operatives for the successful operation, saying it exemplifies the dedication and resilience of police officers.

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Telco Tariffs Hike: FCCPC Promises to Ensure Compliance

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By Adedapo Adesanya

The Federal Competition and Consumer Protection Commission (FCCPC) has said it would ensure compliance with the new telecommunications tariff adjustment.

Earlier this week, the Nigerian Communications Commission (NCC) allowed for a 50 per cent hike in tariffs for the first time since 2013.

Although stakeholders have expressed dissatisfaction with the level, the law establishing the policy will have to be followed.

While the telcos have silently expressed that the 50 per cent level was too low for the sustainability of the industry; consumers want a lower threshold with an association protecting customers saying it will approach the courts.

Speaking on how it will ensure compliance, the Director of Corporate Affairs of FCCPC, Mr Ondaje Ijagwu, said the commission was working with the NCC to ensure consumers are not infringed upon during the transition period and beyond.

He urged telecom operators to prioritise visible and measurable improvements in network reliability, speed, accessibility, and customer service as part of any tariff adjustment, saying that consumers’ interest is paramount.

According to him, it is crucial that tariff adjustments directly translate into demonstrable and tangible service enhancements for consumers, commending the NCC for adopting a deliberate and measured approach by rationalising the tariff adjustment and linking it to commensurate improvements in service quality.

”Operators are now required to disclose all key details upfront, including the cost, validity period, and the specific inclusions of a plan.

“Consumers can also expect a mandatory disclosure table from their service providers, enabling them to make informed decisions without worrying about unexpected charges or surprises,” he said.

Mr Ijagwu said the Memorandum of Understanding (MoU) signed between the FCCPC and NCC would provide a unified framework to oversee the implementation of the tariff adjustment in a manner that met the needs of consumers, encouraging consumers to report any unfair practices or concerns through the agency’s official channels to ensure effective resolution.

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Rough, Smooth Ride for Motorists, Commuters on Lagos-Abeokuta Expressway

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By Emmanuel Udom

The 81-kilometre Lagos-Abeokuta Expressway seems to be taking shape both for good and bad, as the Minister of Works, Mr Dave Umahi, works tirelessly to fix major roads and expressways in Nigeria.

Checks by Business Post in the last week revealed that from the Lagos end of the expressway, motorists and commenters seem to be having a smooth ride and rough from the Ogun State end, especially after the Toll Gate area, as pointed out by a commercial bus driver plying the Lagos-Abeokuta route, Mr Segun Abayomi.

He lamented on Thursday that from Toll Gate inward Ogun State, most of the terrible and dilapidated points and bus stops have been neglected by the government, though repairs are ongoing, according to our correspondent, who plied the road from Ewekoro in Ogun State to Iceman in Lagos State today.

It was observed that caterpillars and bulldozers, as at the time of filling this report, were busy fixing the roads at major bus stops and points from Toll Gate inward Ogun State, precisely around Joju, Corn-oil area, Omiyale, Pakoto, Vulcanizer, Bungalow, and U-Turn near Mountain of Fire Church in Ifo, Ogun State.

A female trader, returning from Oshiodi, lamented while boarding a commercial bus, of the health hazard caused by the dust raised by the workers in tiling the roads. She said the dust was affecting commuters, motorists and others.

This was confirmed by this newspaper, though efforts are being made to water the ground around Omiyale, near The Apostolic Church Convention ground and parts of Aiyede, to address this issue.

Recall that some weeks ago, Business Post that the government was doing a quick fix on the road to ease the hardship citizens playing the expressway go through daily.

The road connects Lagos to the capital of Ogun State, Abeokuta, and is one of the busiest inter-state and intra-city routes in Nigeria, covering more than 250,000 PCUs daily and constitutes one of the largest road networks in Africa, according to Wikipedia.

In 2017, the Lagos State government announced plans to put a BRT lane on the Lagos-Abeokuta Expressway in two phases, with the first from Oshodi to Abule Egba, and the second from Abule Egba to Toll Gate, the boundary area between Lagos and Ogun States.

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