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German Agency Partners Ogun on Vocational Training

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German Agency Partners Ogun on Vocational Training

By Modupe Gbadeyanka

The German Agency for International Cooperation (GIZ) has pledged to partner the Ogun State Government on vocational training and agricultural development.

Head of West Africa Division in GIZ Headquarters, Mrs Ella Schieber, made the pledge, when she led a team from the agency on a courtesy call on the Ogun State Governor, Mr Ibikunle Amosun, in his Oke-Mosan, Abeokuta office.

Commending the state government, for always collaborating with development agencies towards the success of its programmes and policies, Mrs Schieber said GIZ is willing to further strengthen its areas of partnership with it.

She said this has greatly impacted on the growth of the state as well as well-being of the people.

GIZ, she added, will continue to be supportive to the Amosun administration, in all areas to better the lot of the citizenry.

Responding, Mr Amosun, who described GIZ as a true and wonderful partner in various important sectors of the state, said his government will continue to explore areas of common interests with the agency, in the overall interest of the state and the people.

He thanked Mrs Schieber for personally visiting the state to access the situation, and said his government will not take the supports, such as those from GIZ, for granted, but rather, always deploy necessary resources towards the development of the economy.

In a related development, Mr Amosun has charged youths in the state to embrace technical and vocational trainings, saying acquired skills will ensure their self-reliance.

Speaking at the 2017 graduation ceremony of the 154 graduates of the Peter Akinola Foundation Youth Centre for Industrial Training, the governor promised to sponsor 100 participants to the next set of training, urging parents to encourage their children to acquire vocational training.

Initiator of the foundation, Primate Peter Akinola, restated the foundation’s commitment to nurturing talents and transform the lives of the youths into excellent professionals.

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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Finance Minister Suspends Ahmed Idris for Unhindered Investigation

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suspend Ahmed Idris

By Aduragbemi Omiyale

To allow for a “proper and unhindered investigation,” the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has suspended the embattled Accountant General of the Federation (AGF), Mr Ahmed Idris.

Mr Idris was asked to stay from office over his arrest by the Economic and Financial Crimes Commission (EFCC) on Monday for an alleged N80 billion fraud.

In a statement issued on Monday, the EFCC claimed that the AGF failed to honour invitations sent to him to explain what he knows about the matter, prompting his arrest.

According to the agency, Mr Idris committed the alleged act by taking “funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”

“The funds were laundered through real estate investments in Kano and Abuja,” the statement further stated.

The arrest of the nation’s chief accountant has generated reactions from various quarters, prompting the Minister to suspend him on Wednesday.

In a letter confirming the suspension today, the Minister said the AGF is not expected to have any contact official in his office except for any disciplinary hearing that may be advised and will not receive any salary while on suspension.

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Osita Chidoka Leaves Guinea Insurance Board

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Osita Chidoka

By Dipo Olowookere

Former Minister of Aviation, Mr Osita Chidoka, has resigned from the board of Guinea Insurance Plc to concentrate on his private matters.

A statement signed by the company secretary, Ms Chinneye Nwankwo, disclosed that the politician, who was once the Corps Marshal and Chief Executive of the Federal Road Safety Corps (FRSC), served on the board as a non-executive.

During his time on the board, he contributed immensely to the growth of the underwriting company and the team appreciated him for this.

In the notice, Guinea Insurance wished the member of the opposition Peoples Democratic Party (PDP) well in his future endeavours.

“Guinea Insurance Plc wishes to inform the Nigerian Exchange Limited (NGX), its esteemed shareholders and the general public of the resignation of Mr Osita Chidoka from the board of directors of the company.

“The resignation of Mr Chidoka is to enable him more time to pursue his private business. The board recognized his immense contributions, selfless service and commitment to the progress of the company and wished him success in his future endeavours,” the disclosure stated.

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Goyal, Pule Join Advisory Board of Sabi

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Sabi B2B marketplace

By Modupe Gbadeyanka

The founder of Africa Lighthouse Capital, Bame Pule; and the Head of M&A at Udaan, India, Sapna Goyal have been appointed to the advisory board of Sabi, a leading B2B marketplace serving Africa’s informal economy.

The duo will work with the company and bolster its network and knowledge to help improve the infrastructure for informal business.

According to the co-founder/CEO of Sabi, Anu Adasolum, the two highly talented and strategic business leaders will bring fresh insights and perspectives to the board.

“Their expertise and track record in driving value will be critical for Sabi in our quest to serve the informal economy. We look forward to working together as we maintain our exceptional growth,” Adasolum stated.

Bame Pule established an independent Mauritius-based private equity firm founded in 2012 to invest in and nurture businesses into African champions.

The firm has a particular focus on helping investee companies adopt global best practices regardless of sector, attain benchmarks equivalent to those of global peers, and expand into multiple key African markets.

Prior to founding Africa Lighthouse Capital, Mr Pule worked at Actis Capital, ShoreView Capital, Goldman Sachs in New York, Credit Suisse in New York and Salomon Brothers/Citigroup in Los Angeles.

He pursued bachelor’s degrees in Economics and Political Science (double major) from Pomona College in Claremont, California and was awarded the Pomona Scholar prize for superior academic achievement in 1997 and 1999. Mr Pule also pursued a master’s in business administration (MBA) degree from Harvard Business School in Boston, Massachusetts.

On her part, Sapna has investing experience in early and growth stage internet start-ups in India. Before joining udaan, she worked with Goldman Sachs Investment Partners (GSIP) VC & Growth Equity Fund by being responsible for investments in the Indian internet space.

She also has investing experience in Indian Public Markets as part of a hedge fund at GS. She is passionate about the change internet can bring to India and how it is a great leveller. She is an active angel investor.

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