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UBA CHAIRMAN TONY ELUMELU TO TOUR EAST AFRICA ON ENTREPRENEURSHIP, INFRASTRUCTURE

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Entrepreneur, and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda.

In his capacity as Chairman of United Bank for Africa (UBA), Mr. Elumelu will travel to Uganda (April 10) and Kenya (April 12) to meet with the Executive Presidents of both nations, Uhuru Kenyatta and Yoweri K. Museveni to discuss issues around the growth and development of the their economies, enabling entrepreneurship, infrastructure financing, regional economic growth and how the private sector in Africa can work in shared purpose alongside African governments to create prosperity for all Africans.

On the side lines of these engagements, the Tony Elumelu Foundation (TEF) will gather members of the full local ecosystem – from investors to academia to established and emerging entrepreneurs alike – for an entrepreneurship ecosystem event. During the event, TEF alumni and members of the vibrant Kenyan and Ugandan entrepreneurship communities will receive insights from guest speakers who will provide practical, practicable information to help the audience develop their businesses and their business management skills. Guest speakers include leaders from TEF partner Microsoft and other ecosystem players including Google.

During the visit, Elumelu will also meet with key stakeholders and policy makers in the countries to discuss infrastructural funding opportunities, as well as interact with leading private and public sectors players. He will host a Founder’s Forum with students of Makerere University, Kampala and University of Nairobi, two leading African institutions. At this Forum he will give young Africans insight into his own life, share tips and values for success while encouraging entrepreneurship and development.

A proponent of the economic philosophy of Africapitalism, Elumelu has toured various countries in Africa and beyond, encouraging entrepreneurship and advising governments on why it is essential for private sector partnership to grow their economies.

Through the Tony Elumelu Foundation, the UBA Chairman has supported over 3,000 entrepreneurs and counting, helping to build their dreams and businesses to a point where they will in turn employ other Africans to help build the continent.

In March, the Foundation announced the 2018 cohort of its 10-year, $100 million TEF Entrepreneurship Programme, which saw the selection of over 1,000 African entrepreneurs with the most innovative, high-potential business ideas and an additional 250 entrepreneurs thanks to partnerships with the International Red Cross (ICRC) and the United Nations’ Development Programme (UNDP).

Elumelu is the Founder and Chairman of Heirs Holdings Ltd, a family owned investment company committed to improving lives and transforming Africa. With portfolio spanning the power, oil and gas, financial services, hospitality, real estate and healthcare sectors, operating in twenty-three countries worldwide. He sits on numerous public and social sector boards, including the global advisory board of the United Nations Sustainable Energy for All Initiative (SE4ALL), USAID’s Private Capital Group Partners Forum (PCG), and is Co-Chair of the Aspen Institute’s Global Food Security Working Group. He serves on the international advisory board of the Washington DC based think tank the Wilson Center and is a member of the Global Advisory Council of the Harvard Kennedy School’s Centre for Public Leadership. He is also a member of the World Economic Forum Community of Chairmen.

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Former Governor Ifeanyi Okowa, Spends Second Night In EFCC’s Cell Over N1.3 Trillion Alleged Fraud

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Immediate past governor of Delta State, Ifeanyi Okowa, who was arrested and detained by the Economic and Financial Crimes Commission (EFCC) has spent second night in the custody of the anti-graft commission.

 

Okowa is currently being investigated and detained over the alleged diversion of N1.3 trillion.

 

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

 

According to sources within the commission, Okowa was invited to the EFCC office in Port Harcourt, Rivers State, where he’s subsequently detained by officials.

 

One of the sources stated, “Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him. He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.

 

“He is also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas. He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.

Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.

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Lagos Government Shuts Down Redeemed Church, Celestial Church, Clubs, Event Centres Over Noise Pollution

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The Lagos State government has shut down a branch of Pastor E. A. Adeboye’s Redeemed Christian Church of God, a Celestial church, nightclubs and event centres over noise pollution.

The Commissioner for Environment and Water Resources, Tokunbo Wahab, who made this known on Wednesday, said the churches, clubs and event centres were sealed on Tuesday by the Lagos State Environmental Protection Agency (LASEPA) in the Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota areas of the state.

The sealed establishments include: Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Lounge & Lodging, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.

The commissioner in a post on X said, “In a bid to address noise pollution and other environmental violations, the Lagos State Environmental Protection Agency (LASEPA) took action yesterday, closing down several establishments across different parts of the state.

“This enforcement drive, focusing on areas like Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota, is part of LASEPA’s continuous efforts to uphold environmental standards and safeguard public health.

“The affected establishments include Honourable Lounge & Lodging, Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.”

 

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Gen. Taoreed Lagbaja: Tinubu directs flags be flown at half-mast

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President Bola Tinubu has directed that Nigeria’s national flags be flown at half mast for seven days across the country to mourn the passing of the late Chief of Army Staff, Lt. Gen. Taoreed Lagbaja.

The late Army chief, who was appointed by Tinubu on 19 June 2023, was said to have passed away on Tuesday night after a prolonged illness.

The Secretary to the Government of the Federation, George Akume, in a statement on Wednesday by his office Director of Information & Public Relations, Segun Imohiosen, said the president expressed regret over Lagbaja’s death.

Akume said, “President Bola Tinubu has expressed regret following the death of the Chief of Army Staff, Lieutenant General Taoreed Abiodun Lagbaja, after a brief illness at the age of 56.

“The President has directed that national flags be flown at half mast throughout the country for seven days in honour of the departed Army chief.

“He profoundly appreciates the services of the departed to the nation and wishes the family the fortitude to bear the great loss.”

Meanwhile, the Ministers of Defence, Mohammed Badaru and Bello Matawalle, have commiserated with the president, the military, and Lagbaja’s family over his death.

In a statement by the Ministry’s spokesperson, Henshaw Ogubike, the ministers described Lagbaja’s death as a great loss to his family, the Army, and the nation at large.

“The passing on to eternal glory shocked us at the Ministry of Defence, as our working relationship with him was commendable; he exhibited the spirit of camaraderie and cooperation with us in the discharge of our mandate.

“The late Chief of Army Staff contributed significantly to internal security operations across Nigeria and also exhibited a high level of professionalism.

“He will be greatly missed by the family, the military, and the nation, as he served the nation with commitment and dedication,” the statement added.

 

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