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Access Bank owner, Hubert Wigwe, allegedly violates Nigerian law as privately owned university charges US dollars

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Nigerians are expressing strong criticism over the alleged violation of Nigerian law by Hubert Wigwe, the owner of Access Bank, who reportedly charges tuition fees in dollars at his newly established private university, Wigwe University, located in Isiokpo, Rivers State, Nigeria.

Under Nigerian law, it is considered illegal for service providers, including school proprietors, to demand fees in dollars.

The Central Bank of Nigeria Act of 2007 explicitly states that the currency notes issued by the bank are the legal tender in Nigeria for any payment.

The law prescribes penalties, including fines or imprisonment, for individuals or entities found guilty of contravening this provision.

Despite these regulations, Wigwe University’s 2024/2025 fees, as seen on its official website, reveal varying amounts in dollars for different colleges and additional charges in Naira.

For instance, the College of Arts students are expected to pay $12,000 annually as tuition fees, while the College of Engineering, College of Management and Social Sciences, and College of Science and Computing charge $15,000 each.

Additional charges, according to the school are in Naira.

For example, the accommodation Fee: Luxury Single Bedroom apartment plan N1,000,000 / per session; premium one En-Suite Bedroom Plan, N3,845,000 / per session; classic 1 Plan, N3,707,000 / per session and classic 2 plan, N3,500,000 / per session.

In response to the public outcry, the management of Wigwe University defended its decision, stating that the choice of selective dollar tuition fees is a strategic move aligned with the institution’s vision to attract a diverse and international student body.

 

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PERFECT SCENT NICHE EMPORIUM OPENS IN GRAND STYLE IN LEKKI

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It was a grand event by all standards, when luxury perfumery outlet, PerfectScents Niche Emporium, opened it’s doors to the public on Saturday December 7, 2024, in Lekki Lagos.

A brainchild of style icon, Omotayo J. Awa-Ibraheem, PerfectScent Niche Emporium opened to an aplomb with society big wigs coming from far and wide to support OJ.

The shop which is located on 49 Adegoke Street in Lekki, Lagos is poised to be a one-stop shop for all perfume lovers all over Lagos and beyond.

The shop, is not just another perfume store; it represents a bold new concept. The new store will focus exclusively on niche fragrances sourced from around the world. The idea is to offer an extensive collection of labels, allowing customers to discover the scents that resonate with them personally.

The opening of OJ Awa-Ibraheem’s shop, signals her bold move into launching her own perfume brands. Almost at the concluding part of the business, her perfume brands are set to be launched in the first quarter of next year, 2025.

The upcoming perfume brands according to OJ, are luxury and high quality fragrances which will be sold side by side other niche fragrances at the Lekki shop.

According to OJ, the shop is intended to enhance the experience of perfume buffs. “To enhance this experience, we are introducing a dedicated Pure Fragrance Corner, where customers can explore pure fragrance oils, undiluted and authentic. This interactive space will let customers identify the notes that appeal to them, helping us suggest perfumes that align perfectly with their preferences,” she said.

The Political Science graduate of the Ekiti State University, Ado-Ekiti, started her Spa business-House of Jenila about eight years ago in the Ikeja area of Lagos. The Spa quickly added her long time passion and dream- the perfumery which began about eight years ago with the formal launch in 2016. That first shop was to birth another one in the same Mainland area within a few years.

The birth of her business venture she said, began after marriage, fueled by a passion for creativity and the guidance of a trusted mentor.

According to her, starting a business wasn’t easy, but she was fortunate to have the support of her late mother, who helped care for her children while she explored my potential. Through the ups and downs, she learned valuable lessons, and is grateful for where she stands today despite the many challenges businesses face, including the rising dollar exchange rate.

 

 

 

 

 

 

 

 

 

 

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Allen Onyema Hails President Tinubu’s Policy Reforms, Says He is trying to stabilise businesses with his policies 

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The Chairman and CEO of Air Peace, Allen Onyema, has commended President Bola Ahmed Tinubu, for his efforts in implementing policies aimed at stabilising business operations across Nigeria.

 

Onyema who met with President Tinubu at the state house in Abuja on Thursday December 12th, said that the president has made great strides with the ease of doing business in the aviation industry, and with the new reforms introduced by the Minister of Aviation and Aerospace Development, Festus Keyamo, the Tinubu administration will stabilise the aviation industry.

 

Onyema added that although the economy is facing turbulent times, Tinubu’s reforms will help the entire nation in the long run and he further encouraged Nigerians to support the government and indigenous investments.

 

 

Onyema was quoted as saying :

 

“The president is a business man and he’s trying to stabilise businesses with his policies, but people don’t realise this. Some of us in business realise what the President is trying to do. What he is trying to do is the real restructuring of the country. Many Nigerians believe that restructuring is dividing the country along regional lines, but what Tinubu is doing is the real restructuring by changing the way we do things in the country for a better result in the long run”

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Hon. Musawa, Governor Mba Declare Enugu Christmas Village Open

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The Honorable Minister of Arts, Tourism, Culture, and the Creative Economy, Hanatu Musawa assisted by Governor Peter Mba of Enugu State recently commissioned the Enugu Christmas Village.

 

The epoch-making event which is a part of the programmes lined up for the Enugu Christmas Festival, a 25-day Christmas extraveganza which kicked off on Saturday, December 7th and will run till December 31st, 2024, has been the talk of town for days.

 

Boasting of an array of attractions, including a waterpark, roller skating, archery, amusement rides, and much more, the Christmas Village’s showstopper is the stunning display of 500,000 Christmas lights, which is sure to leave visitors mesmerized.

 

Facilitated by Omu Resort, a prominent organization known for promoting tourism initiatives in Africa, the Christmas Festival promises to be an unforgettable experience.

 

Beyond a celebration of the holiday season, the Enugu Christmas Festival which offers exciting events such as the “Afrobeat Concert”, “Praise Night”, Highlife Concert”, a “Street Carnival”, a “Cultural Parade”, and a grand “Fireworks Show” is a testament to Enugu State’s rich cultural heritage and its potential as a top tourist destination, while providing a perfect opportunity to unwind with family and friends.

 

The offerings of the festival also include the highly anticipated “Santa Street Storm”‘ where over 100 Santa Claus figures on tricycles will parade through the state, bearing gifts for orphanages and the less privileged among others.

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