Author: Dodo Elias Denen

  • CNS Emphasizes Maritime Security, Blue Economy As Key To Nigeria’s Sustainable Maritime Development

    CNS Emphasizes Maritime Security, Blue Economy As Key To Nigeria’s Sustainable Maritime Development


    Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ikechukwu Ogalla, has highlighted the urgent need to bolster maritime security and effectively utilize the country’s marine resources. Ogalla made this call in a key address at the launch of Nigeria’s first Maritime Security and Blue Economy workshop, emphasizing that protecting Nigeria’s maritime domain and optimizing its blue economy are crucial for national stability and economic growth.

    The workshop, held at the International Maritime Institute of Nigeria (IMION), Nigerian Navy Ship QUORRA Auditorium Naval Base, Harbour Road Apapa is organized in collaboration with Sequential Development Solutions.

    In his address, Vice Admiral Ogalla who was represented by Flag Officer Commanding (FOC), Naval Doctrine Command, Rear Admiral Habilla Zakaria highlighted the strategic importance of Nigeria’s maritime environment, which is rich in resources such as oil, gas, and fisheries. He emphasized the vast potential for economic growth through the Blue Economy, which includes diversifying the economy, boosting foreign exchange earnings, and creating job opportunities.

    “The realization of the Blue Economy’s full potential depends significantly on maritime security,” Ogalla said. He pointed out that challenges like piracy, illegal fishing, and crude oil theft threaten the stability and development of the maritime sector. Ensuring maritime security is therefore crucial for maximizing the benefits of the Blue Economy and the overall well-being of Nigerians.

    The workshop aims to bring together experts from the maritime industry, government, academia, and other stakeholders to discuss innovative solutions for maritime challenges. This includes leveraging modern technologies to combat maritime crimes and promoting sustainable economic activities. Ogalla praised the IMION for organizing the event, noting its role in addressing maritime security issues and contributing to the Blue Economy’s success.

    On his part, The Director General of IMION, Rear Admiral Thaddeus Udofia Rtd highlighted the workshop’s purpose and scope, underscoring its alignment with the government’s focus on enhancing maritime capabilities and promoting sustainable economic growth through the blue economy.

    Established on June 1, 2024, IMION aims to enhance maritime research, bridge knowledge gaps, and foster partnerships both within Nigeria and internationally. Udofia outlined the workshop’s focus on maritime security and the Blue Economy, emphasizing that these elements are essential for sustainable development.

    Rear Admiral Udofia praised Vice Admiral Emmanuel Ikechukwu Ogalla, Chief of Naval Staff, for his pivotal role in founding the institute and supporting its mission. The workshop will cover various aspects of maritime security and the blue economy, including infrastructure, coastal community safety, and surveillance. Participants will engage in practical exercises and discussions to enhance their understanding and capability to contribute effectively to Nigeria’s maritime development.

    “The security of our maritime domain is essential for unlocking the full potential of our blue economy,” Udofia stated. “A peaceful and secure maritime environment is vital for the sustainable development of our marine resources. This workshop aims to equip participants with the knowledge and skills to support and protect these resources, fostering economic prosperity and sustainable development.”

    The workshop will generate comprehensive reports and recommendations for relevant government ministries, departments, and agencies. By addressing maritime security challenges and exploring opportunities within the blue economy, IMION and its partners hope to drive significant advancements in Nigeria’s maritime sector, benefiting both national and international stakeholders.

  • Unity Bank Projects N27 Billion In Q4 Earnings, Aims For N4 Billion Profit

    Unity Bank Projects N27 Billion In Q4 Earnings, Aims For N4 Billion Profit

    Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax (PAT) of N4 billion for the fourth quarter of 2024, according to its latest earnings forecast released to the Nigerian Exchange Group on September 9, 2024.

    This forecast represents a slight increase from the N26 billion in projected gross earnings for the third quarter of 2024. The bank’s outlook remains positive, with a pre-tax profit anticipated at N4.2 billion.

    The forecast indicates a rise in interest income, with expectations moving from N23 billion to N24.5 billion. Additionally, net revenue is projected to increase by 1.0% to N7.2 billion, up from N6.5 billion in Q3 2024. Net operating income is forecasted to reach N12 billion.

    Unity Bank also anticipates an increase in cash flow from financing activities, projecting it to rise to N481.4 billion from N353.6 billion, marking a 1.3% quarter-on-quarter growth. This growth reflects the bank’s improving liquidity position, which is crucial for sustaining its business operations.

    In its earnings forecast, Unity Bank emphasized its commitment to maintaining an optimistic outlook and delivering high-quality, customer-centric products and services. The bank plans to enhance its digital lending platforms and channels to further improve customer experiences.

    Analysts suggest that the bank’s Q4 forecast demonstrates a steady growth trajectory, supported by strong performance indicators and strategic adjustments aimed at navigating challenging market conditions.

    The forecast indicates that Unity Bank is well-positioned to achieve its financial targets, provided there are no significant disruptions in the operating environment.

  • KAYODE EGBETOKUN: CSOs Urge President Tinubu To Clarify IGP Tenure Extension Controversy

    KAYODE EGBETOKUN: CSOs Urge President Tinubu To Clarify IGP Tenure Extension Controversy

    Civil Society Organisations (CSOs) across Nigeria have expressed concern over the ongoing controversy surrounding the potential extension of the tenure of Inspector General of Police (IGP) Kayode Egbetokun. The CSOs are urging President Bola Tinubu to clarify the situation and ensure transparency in the decision-making process, which could have significant implications for the Nigeria Police Force (NPF) and public trust in the country’s law enforcement system.

    The controversy stems from a letter, purportedly signed by the Secretary to the Government of the Federation (SGF), that suggests an extension of IGP Egbetokun’s tenure. The letter, however, has raised questions about its legitimacy and the legal grounds for the extension, especially given that the IGP has reportedly reached the mandatory retirement age under the Police Act of 2020.

    In their statement, the CSOs highlighted concerns that any move to extend the IGP’s tenure without presidential assent or proper legal backing could be perceived as an unlawful action. They warned that such a move could create discontent within the NPF, particularly among officers who may feel their career progression is being stifled, leading to potential indiscipline and a decline in police morale.

    The CSOs also noted that tenure extensions for senior officers could undermine efforts to reform the police force, which has been plagued by various structural issues. They stressed the importance of adhering to public service rules and appointing capable leadership within the force to promote stability and accountability.

    “We believe IGP Egbetokun should be replaced in line with the provisions of the Police Act to ensure that due process is followed and that capable leadership is promoted within the force,” the statement read. The CSOs further emphasized that President Tinubu’s handling of the issue would have far-reaching consequences for governance and public trust in Nigeria’s security institutions.

    The coalition of CSOs calling for transparency includes prominent organisations such as the Rule of Law and Accountability Advocacy Centre (RULAAC), Socio-Economic Rights and Accountability Project (SERAP), Amnesty International Nigeria, and the Civil Society Legislative Advocacy Centre (CISLAC), among others.

    They collectively urged the government to respect the law, ensure clarity in its decision-making, and avoid actions that could undermine the integrity of the police force.

    The outcome of this controversy is likely to shape future reforms within Nigeria’s law enforcement agencies, and the CSOs are calling on President Tinubu to act decisively to protect the credibility of the NPF and uphold the principles of good governance.

  • RASHEED BOLARINWA: NIPR Appoints New Head For FinanceHub Committee

    RASHEED BOLARINWA: NIPR Appoints New Head For FinanceHub Committee

    The Governing Council of the Nigerian Institute of Public Relations (NIPR) has announced the appointment of Rasheed Bolarinwa, President of the Association of Communication and Marketing Professionals in Banks (ACAMB), as the Chairman of its newly established FinanceHub Committee. This committee, which encompasses the banking, insurance, and pensions sectors, aims to advance sustainable Public Relations practices within the finance industry.

    Bolarinwa, who currently serves as the Head of Brand Management and Corporate Communication at Polaris Bank, brings a wealth of experience from journalism, public relations, and the financial sector. His appointment is expected to significantly enhance the committee’s efforts to promote robust PR practices in the finance sector.

    The FinanceHub Committee is part of a broader initiative by NIPR to create specialized sectoral hubs. Other key appointments include Mrs. Thelma Okoh for the Maritime Hub, Dr. Jossy Nkwocha for the Energy Hub, and Mr. Basil Agboarumi for the Aviation Hub. Additionally, Dr. Ahmad Sajoh will lead the Anti-Corruption and Consumer Protection Hub, while Miss Chimdi Neliaku will head the Young Practitioners Hub.

    The nomination letters for these positions were signed by Uzoma Onyegbadue, the Registrar/Secretary to the NIPR Governing Council. The establishment of these sectoral hubs is aimed at fostering sustainable and effective public relations practices across various sectors.

    During the inauguration of the chairpersons and committee members, Dr. Ike Neliaku, National President of NIPR, expressed his satisfaction with the appointments. He emphasized that the selection of the nominees reflects the trust and confidence the NIPR council has in their expertise and dedication. Neliaku, alongside other governing council members, pledged support for the new sectoral hubs and expressed enthusiasm for the collaborative efforts ahead.

    “We look forward to working with you all to make a positive impact on public relations practices within your respective sectors,” Neliaku stated.

    The new committee and sectoral hub chairpersons are expected to play a crucial role in enhancing PR practices and contributing to the development of their respective industries in Nigeria.

  • Polaris Bank, Nigeria Conservation Foundation Extend Tree Planting Initiative To Kano

    Polaris Bank, Nigeria Conservation Foundation Extend Tree Planting Initiative To Kano

    Polaris Bank Limited, in collaboration with the Nigeria Conservation Foundation (NCF), has taken its tree planting initiative aimed at promoting land restoration and environmental sustainability to Kano State. The commemorative tree planting event took place on Friday, August 30, 2024, at the Ajingi Community Reserve, Kunkurawa, Kano.

    This initiative is part of the Bank’s ongoing efforts to support environmental preservation, having launched the scheme in June 2024 to commemorate World Environment Day. The global theme for 2024—”Land Restoration, Desertification, and Drought Resilience”—guides the project, which began at the Tai Solarin University of Education (TASUED), Ijagun, Ijebu Ode, Ogun State.

    Mahmud Kawu, Polaris Bank’s Divisional Head for the North, representing the Bank’s Managing Director/CEO, emphasized the importance of sustainability to the organization’s mission. In his message, Kawu stated, “At Polaris Bank, sustainability is more than a catchphrase; it’s the core of who we are. Our commitment to sustainability is reflected in every aspect of our operations, from promoting responsible banking and empowering communities to tackling environmental challenges and driving economic growth.”

    Kawu highlighted that the Bank’s partnership with the NCF aligns with its commitment to supporting sustainable economic growth and the importance of environmental preservation. He encouraged residents of Kano to actively participate in the tree-planting initiative to ensure the long-term success of environmental conservation efforts.

    The event further underscored the significance of the project in promoting a greener future, reducing carbon footprints, and raising public awareness about environmental sustainability. “The benefits of our tree-planting initiative cannot be overemphasized. It contributes significantly to the restoration of degraded areas, prevention of soil erosion, and enhancement of biodiversity,” Kawu explained.

    He concluded by reaffirming Polaris Bank’s dedication to environmental stewardship through corporate responsibility, highlighting the Bank’s role in supporting a sustainable and eco-friendly future for all.

  • President Tinubu’s Consumer Credit Scheme Kicks Off With Civil Servants Nationwide

    President Tinubu’s Consumer Credit Scheme Kicks Off With Civil Servants Nationwide

    L-R: Risk Officer ,Credit Direct; Gboyega Adelowore , MD/ CEO, CREDICORP, Uzoma Nwagba; Executive Director, Creditcorp, Nike Kolawole;MD/CEO, Credit Direct, Chukwuma Nwanze;Divisional Head Embedded Finance, Faith Ojeiku , during the official singing of agreement between Nigerian Credit Corporation and Credit Direct to kickstart President Bola Ahmed Tinubu’s Consumer Credit Scheme in Lagos on Tuesday.

    The Nigerian Consumer Credit Corporation (CREDICORP) has kicked off disbursement of consumer credit to economically active Nigerians nationwide, through its growing list of participating financial institutions (PFIs).
    In this first wave of institutions is Credit Direct, Nigeria’s largest lender to civil servants nationwide, and a subsidiary of the FCMB Group. At a signing event today, CREDICORP announced the partnership with Credit Direct to accelerate mass access to consumer credit starting with civil servants across the country. Beginning this September, this kickoff offers discounted direct consumer credit to over 15,000 civil servants per round. Civil servants on IPPIS now benefit from exclusive offers with reduced interest rates and flexible repayment plans for purchase of domestic goods, mobility, medical care, electronics and other household needs. The initiative is part of a much broader effort to support the well-being of Nigerians, which aligns with CREDICORP’s mission to accelerate consumer credit access to 50% of economically active Nigerians by 2030.”We are excited to partner with Credit Direct to kick off President Tinubu’s consumer credit scheme with civil servants as Mr. President had promised,” said Uzoma Nwagba, CEO of CREDICORP. “By going through Credit Direct today, and subsequently our other financial institutions coming on stream in the next days and weeks as we target 500,000 civil servants, they can access instant and affordable credit to cushion economic shocks or afford consumer goods to improve the quality of their lives. This is just the start of a long and exciting journey with many parts, and linkages that ultimately catalyse local industries as we expand consumption.”Chukwuma Nwanze, CEO of Credit Direct, emphasized the importance of the partnership in fostering financial inclusion. “Our civil servants are vital to the nation’s growth and stability, and we are committed to supporting them with accessible credit facilities. This partnership with CREDICORP allows us to extend our services to more individuals, ensuring that all civil servants can access the funds they need quickly and easily, up to N3.5 million depending on their income and need. Over the past 17 years, Credit Direct has positively impacted the lives of millions of customers across Nigeria. With a presence in all 36 states, including the Federal Capital Territory, through branches and digital channels, we continue to serve working-class Nigerians nationwide.”Key Features of the Credit Offer:- Lowest Interest Rates: Starting from September 3, 2024, civil servants will access loans at lowest interest rates on the market. Applicants can access a wide range, and up to N3.5 million, depending on their income and need.- Flexible Repayment Plans: Customized repayment schedules designed to meet the unique needs of each borrower.- Quick and Easy Application Process: Streamlined procedures ensure fast access to funds, making it easier for civil servants to manage their financial needs. For more information about the special credit offer and eligibility criteria, please visit www.creditdirect.ng or contact the customer service center at 0700CREDITDIRECT, 02014482225, 0201700512.About CREDICORPThe Nigeria Consumer Credit Corporation (CREDICORP) is a government-owned development finance institution committed to enhancing consumer credit access for Nigerians. By addressing structural barriers and providing capital, guarantees, policy support and cultural reorientation, CREDICORP works towards an economically inclusive Nigeria where every working citizen can build personal equity and access essential consumer credit to improve the quality of their lives.
    MD/ CEO CREDICORP , Uzoma Nwagba with MD/CEO Credit Direct, Chukwuma Nwanze, during official singing of agreement between Nigerian Credit Corporation and Credit Direct to kickstart president Bola Tinubu’s Consumer Credit Scheme in Lagos, on Tuesday.

  • NIGER-DELTA: Again NN Arrests 6 Suspected Oil Thieves, Seizes Stolen Crude, Destroys Illegal Refineries

    NIGER-DELTA: Again NN Arrests 6 Suspected Oil Thieves, Seizes Stolen Crude, Destroys Illegal Refineries

    The Nigerian Navy has made significant strides in its ongoing fight against crude oil theft and illegal refining activities in the Niger Delta, under the auspices of Operation DELTA SANITY. Between Thursday, August 29, and Monday, September 2, 2024, naval units conducted multiple successful operations, leading to the arrest of suspected oil thieves, the seizure of stolen crude oil, and the destruction of illegal refining sites.

    On August 29, Navy operatives intercepted seven large Cotonou boats and two fiber boats operated by heavily armed oil thieves who were in the process of loading crude oil from an illegal loading point in the Botokiri axis of Nembe Local Government Area, Bayelsa State. The successful operation resulted in the seizure of the vessels, effectively disrupting the illegal activities in the area.

    Further successes were recorded on August 31, when six suspected crude oil thieves were arrested along the Ogboinbiri-Kasama-Azama-Isoni axis in Bayelsa State. The suspects were found in possession of 109 sacks of illegally refined petroleum products, four fiber boats, and two wooden boats, all of which were seized by the Navy.

    The operations continued on September 1, with Navy units seizing two wooden boats and 328 sacks of illegally refined Automated Gas Oil (AGO) at Otuogori community river bank in Yenagoa, Bayelsa State. The following day, September 2, another operation led to the seizure of 35 sacks of illegally refined AGO in a wooden boat at the Gbaraun area of Southern Ijaw Local Government Area, Bayelsa State.

    These operations highlight the effectiveness of Operation DELTA SANITY and demonstrate the Nigerian Navy’s commitment to eradicating crude oil theft and illegal refining activities in Nigeria’s maritime environment. The Navy’s efforts are crucial in ensuring the protection of Nigeria’s oil resources and enhancing crude oil production in the region.

    The Director of Information for the Nigerian Navy, Commodore A. Adams-Aliu, emphasized the Navy’s resolve to continue its aggressive stance against oil theft and illegal refining. He urged the general public to support the Navy’s efforts by reporting any suspicious activities in the maritime domain.

    The Nigerian Navy remains steadfast in its mission to safeguard the nation’s oil assets and contribute to the stability and security of the Niger Delta region.

  • NCS Intercepts Illicit Goods Worth Over ₦31 Billion At Onne Port

    NCS Intercepts Illicit Goods Worth Over ₦31 Billion At Onne Port


    In response to escalating smuggling activities, the Nigeria Customs Service (NCS) has declared a state of emergency at the Onne Port following the seizure of illicit goods worth ₦31.2 billion. Comptroller-General Bashir Adewale Adeniyi, addressing the media, revealed the interception of twelve containers containing dangerous items, including military-grade boots, codeine-based cough syrup, tramadol, and other prohibited pharmaceuticals.

    This seizure follows a pattern of increasing attempts by criminal elements to exploit Nigeria’s trade-friendly policies, posing a significant threat to national security. Adeniyi expressed concern over the port’s use as a hub for smuggling illicit goods, despite recent seizures of a large cache of arms. He stressed that these activities jeopardize the nation’s security and health, prompting the Customs Service to take decisive action.

    The seized goods, discovered through intelligence and inter-agency cooperation, underline the severity of the situation. As part of the emergency measures, all suspected containers will undergo thorough inspections for the next three months, with unclaimed containers being opened for examination.

    Adeniyi assured that while these protocols are in place, legitimate businesses will not be affected. He urged the public to provide intelligence on smuggling activities, reaffirming the NCS’s dedication to protecting the nation’s borders. The intercepted pharmaceuticals will be handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and action.

    The Comptroller-General lauded the efforts of the officers at Area 2 Command for their vigilance and commitment, emphasizing the NCS’s resolve to continue cracking down on illegal importation and safeguarding Nigeria’s security.

  • From Ojuelegba Roots to Global Music, Tourism Prominence

    From Ojuelegba Roots to Global Music, Tourism Prominence

    The story of Nwuruku Ozor Alex, better known as Alex Ozone, is a testament to the power of determination and vision in the face of adversity. Born in the bustling neighborhood of Ojuelegba, Lagos State, Alex Ozone has risen to become a prominent figure in the music and tourism industries, both in Nigeria and on the global stage.

    Alex Ozone’s journey began in 2000 when he founded 03Media, a music promotion company that would later play a pivotal role in shaping the careers of many Nigerian hip-hop and Afrobeats artists. Despite the challenges of the time, when hip-hop culture was still finding its footing in Nigeria, Alex Ozone’s passion for music and business drove him to push boundaries and promote Nigerian talent internationally.

    His efforts have not gone unnoticed. On September 21, Alex Ozone will be honored in Houston, Texas, USA, with the prestigious Global African Diaspora Awards (GADA Awards) as Music Promoter of the Year. This award is a recognition of his decades of contributions to the entertainment industry, particularly in the area of talent management and international show promotion.

    Hailing from Ikwo Local Government Area of Ebonyi State, Alex Ozone’s enterprising spirit led him to become the mastermind behind the success of numerous Nigerian artists. A-list stars such as Davido, Olamide, Timaya, Kiss Daniel, Patoranking, Reekado Banks, Techno, and Terry G have all benefited from Alex Ozone’s expertise in organizing and managing their global tours.

    Through 03Media, Alex Ozone has been instrumental in introducing Nigerian music to international audiences, helping to establish a new wave of pop culture that has taken the world by storm. His work has earned him the respect and gratitude of many artists, who credit him with playing a significant role in their rise to fame.

    Alex Ozone’s influence extends beyond music. As a tourism promoter, he has been recognized by the Ebonyi State Government for his efforts in showcasing the rich cultural heritage of his home state to the world. His dedication to youth engagement and cultural preservation has made him a valuable ambassador for Ebonyi State and a role model for aspiring artists and promoters.

    Reflecting on his journey, Alex Ozone recalls the challenges he faced growing up in Ojuelegba, where opportunities were scarce, and talent was often overlooked. Despite these obstacles, he remained focused on his goals and used his experiences as motivation to succeed.

    Starting with artists like AY.com and Terry G, Alex Ozone has consistently demonstrated his ability to identify and nurture talent. His favorite artist to work with, Olamide, is a testament to his success, as he continues to receive high demand from fans and promoters alike.

    Today, Alex Ozone’s impact on the entertainment industry is undeniable. His work has not only elevated the careers of countless artists but has also contributed to the global recognition of Nigerian music and culture. As he prepares to receive the GADA Award in Texas, his story serves as an inspiration to all those who dare to dream and work towards achieving greatness.

  • Teacher With Kidney Failure Sends SOS To Tinubu, Oborevwori, Ned Nwoko, Others

    Teacher With Kidney Failure Sends SOS To Tinubu, Oborevwori, Ned Nwoko, Others

    The last six months have been traumatic for the family of Mrs. Rita Uche Oji, a teacher and businesswoman, who has been diagnosed with renal failure.

    She has been rendered invalid by the ailment and she can no longer do anything without aid. She has been crying and begging God to rescue her from the hands of this disease that has been ravaging her.

    Her family has exhausted all their resources towards her treatment and Mrs. Oji is seeking financial assistance from well-meaning Nigerians so that her life will not be cut short and she can contribute her quota to make the world a better place.

    The woman, who spoke faintly in excruciating pain, told our correspondent, “I want to live. I know that I still have more than three decades to live, if only people can help me to do the kidney transplant, which will cost me N35 million, and my family cannot afford it.

    “My husband is a civil servant who cannot afford such money. My family cannot afford the money either. We have sold everything, including landed property, but all that we have been able to raise ended in dialysis.”

    As it is, she needs over N35 million to go for a kidney transplant in India to regain her health.

    She has, therefore, sent a save-our-soul asking Delta State Governor, Rt. Hon. Sheriff Oborevwori, the First Lady, Senator Oluremi Tinubu, Senator Ned Nwoko, corporate organisations, Ubulu-Uku indigenes and all well-meaning Nigerians to come to her rescue.

    Mrs. Oji, a native of Ubulu-Uku in Aniocha- South Local Government Area of Delta State, needs urgent assistance, financial support and prayers so that she will not die.

    According to Mrs. Oji (nee Anene), who is now an outpatient of the Lagos State University Teaching. Hospital (LASUTH), Ikeja, Lagos, she is undergoing haemodialysis thrice a week, and will continue until she is able to raise the sum of N35,000,000 (thirty million naira) for kidney transplant.

    On her hospital bed, Mrs. Oji said, “I wish to inform the good people of Nigeria that I am facing death because of lack of finance. My husband and my family have expended all we have to sustain me. I have been down since May, praying to God that succour would come, but it seems that nothing is changing. Except Nigerians help me and do not let me die. I am still very young and I know that God can use you people to make me live again. My being alive today shows that God wants me to live.

    “The cost of staying alive is now way beyond my family’s means. I, therefore, seek your help, dear brothers and sisters, to surmount this terrible illness. Please, don’t let me die.

    “I have been battling this chronic kidney failure since June 2023 and I have been placed on mandatory dialysis three times in the hospital a week, which costs N490,000, while a month costs N1.960 million. I am soliciting assistance from my Governor, Senator Oluremi Tinubu, Senator Nwoko, well-meaning Deltans and all Nigerians to come to my rescue.

    “This death will be avoided if only you people come to my aid. Please, you can support me with any amount through account number, Anene Rita Uche, Access Bank, 0700730340.
    Contact phone number, 08035727154. May God bless you as you come to my aid.

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