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Shell, Bio-bean Collaborate to help Power Buses
Shell and bio-bean are helping to power some of London’s buses using a biofuel made partly from waste coffee grounds, a development that has triggered renewed challenge to Nigerian beneficiaries of Shell’s LiveWIRE programme to join in the innovative search for bright energy ideas.
This latest Shell-bio-bean collaboration is part of Shell’s #makethefuture energy relay, which supports entrepreneurs turning bright energy innovations into a positive impact for communities around the world.
Mr. Osagie Okunbor, Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, says he is excited about emerging energy ideas through innovations and collaborations supported by Shell’s LiveWIRE programme, and sees the potential of smart energy ideas being developed in Nigeria.
“By continuing the conversation on providing a wider, more sustainable mix of energy resources for the world’s growing population, Shell is provoking thoughts on tomorrow’s solution, and I see the potential for a replication of the bio-bean technology in Nigeria where more than 275 million cups of coffee are consumed in a year,” he said. “It is an indication that by rethinking our approach to waste, we can create smarter cities and a brighter future for our country.”
Arthur Kay, bio-bean inventor, is a recipient of Shell’s LiveWIRE Innovation Award, which supports young entrepreneurs with pioneering ideas to create a brighter energy future. He described the bio-bean technology as “the fuel of choice for households looking for a high-performance, sustainable way to heat their homes – and now, with the support of Shell, bio-bean and Argent Energy have created thousands of litres of coffee-derived B20 biodiesel which will help power London buses for the first time.”
In its 14-year history in Nigeria, Shell’s LiveWIRE has produced hundreds of entrepreneurs who benefited from business training and start-up grants, making them employers of labour. Three of the past beneficiaries were recently nominated for the 2017 Shell group Top 10 Innovators award where two of them — Precious Adeho, owner of Emobella Engineering Nig Ltd, and Atalor Ngozi Deborah of De-rahbs Energy Services won in the merit category.
Nigeria has also benefited from innovations and inventions from Shell’s LiveWIRE with the building of Africa’s first human and solar powered football pitch at the Federal College of Education (Technical), Akoka, Lagos, unveiled in 2015 in collaboration with global music star, Akon. The pitch uses Pavegen tiles invented by young British entrepreneur and Shell LiveWIRE beneficiary, Laurence Kemball-Cook, to convert power from footsteps into renewable that lights the pitch at night.
Over the years, SPDC has supported students from Nigeria universities to participate in the global Shell Eco-Marathon, a global competition that sees students design ultra-efficient cars, and challenges them to see which can travel furthest on one litre of fuel.
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Nigerian Banks Lost over N8Bn to Internet Fraudsters in 2022- EFCC
Economic and Financial Crimes Commission (EFCC), yesterday said that banks in the country lost over N8 billion to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022.
Ola Olukoyede, chairman of the commission, also disclosed how Yahaya Bello, former governor of Kogi state allegedly moved a staggering $720,000 from the state account to pay his child’s school fees.
Olukoyede, who made the disclosure during an interactive session with media executives in Abuja, narrated how cyber crime has hurt the companies and its negative effects in attracting direct foreign investment for the country. He lamented that no fewer than 71 percent of companies operating in Nigeria were victims of cybercrime in 2022 even as he argued that the Commission’s war against internet fraud is about safeguarding the country’s future.
“In 2022 alone, I’m waiting for the report of 2023, we discovered that more than 71 percent of Nigerian industries, companies and firms fell victim to cyber crime. Now, which country or company would thrive with this kind of thing? “You want to attract foreign direct investment; the moment you come in, Yahoo boys will attack your platform. You start losing money and you think they would stay?
“Is that not what we are seeing? We are rescuing the future of Nigeria by going into this cyber crime investigation and prosecution.
“Now, within that period, the Nigerian economy lost $706 million (via) these companies through cyber crime, to the activities of these Yahoo Yahoo boys because we don’t take them seriously now, not knowing that we are sitting on a keg of gunpowder.
“The alarming statistics continued with Nigerian banks losing over N8 billion to electronic transfer fraud in the first nine months of 2022.
“A system lost over N8 billion to a particular scheme of fraud and you are asking EFCC to close its eyes to that kind of situation. Are we even fair to ourselves?”
He said the agency is prosecuting two of its operatives for violating the agency’s code of conduct.
He said the commission has made some reforms to enhance its fight against corruption, including the creation of the directorate of fraud risk assessment/control and ethics/integrity.
News
Students Loans’ Beneficiaries to Start Repayment 2 Years after Graduation- NELFUND:
Nigerian Education Loan Fund (NELFUND) has said that students in tertiary institutions and approved vocational centres would start repayment of the loan two years after graduation.
However, NELFUND management specifically stated that the repayment of the loan would commence if the students secured a job or went into business.
Mr. Akintunde Sawyerr, managing director, NELFUND, said the Act specify a moratorium of two years after graduation for the students to begin repayment of the loan.
Sawyerr said if the students start work, his employer would be expected to remit 10 percent into NELFUND dedicated account.
He added: “The loan does not have a specified repayment tenure. It makes it easy for students to apply for the loan. NELFUND would pay according to the documents provided by the institutions. We cannot put tenure on the loan; some will die, drop out, ‘Japa’ or refuse to pay. While those who went into business would pay into same account.
“It is a revolving a loan. We will not put students under pressure to get the loan and we are not going to state a tenure because it is not a commercial loan.’’
According to him, the loan is meant for students in public universities, polytechnics, colleges of education and vocational institutes, who apply via NELFUND portal and are expected to present their JAMB admission letter, NIN and BVN.
He explained that non-students would not have access to the loan and that NELFUND has put the necessary machinery in place to ensure that beneficiaries can be reached when the need arises.
His words: “We are using technology to run the new system. The process of application is online through our dedicated portal and we are limiting human contact as much as possible. Once you have a Bank Verification Number (BVN) and National Identification Number (NIN), which are parts of the requirements, we will have access to your data and all your accounts. This will also help us to know if you are qualified or not,” Sawyerr stated.
The MD disclosed that students already in institution are eligible to apply for the loan at any level of their study and must be at the beginning of each academic session.
He noted that such students would have to provide their admission and matriculation details in addition to BVN and NIN.
Sawyerr added that about 1.2 million Nigerian students in tertiary institutions and government-recognized vocational centres would be among the first batch of beneficiaries and that the figure would increase as time goes on.
The NELFUND boss disclosed that the scheme would be funded from one per cent of the total annual revenue by the Federal Inland Revenue Service (FIRS), which would amount to N194 billion if the agency meets its projection.
Sawyerr observed that the loan would be paid in two segments, the first, being the school fees, which would be paid directly to the institutions while stipend would be paid into students’ account for their day-to-day upkeep.
He added that the amount individual students would access varies because of the course of study, school fees and geographical location of the institutions.
“You don’t start paying back the loan until two years after your National Youth Service Corps (NYSC) scheme and you have secured a job or business. A beneficiary can defer repayment if he has not secured a job, but if after due diligence, he/she defaulted, then the student becomes a criminal and we will work with government agency that can help us get the money back, for example, EFCC, ICPC,” Sawyerr stated.
News
GPA Raises Alarm, Says Malaria Vaccine Can Cause Meningitis
Global Prolife Alliance (GPA), global health organization, has told the National Assembly that the intended malaria vaccine currently proposed by Bill Gates, American billionaire, for Nigeria can trigger meningitis in the populace.
Dr. Philip Njemanze, chairman of GPA, gave the warning in a statement released to newsmen in Owerri, the Imo state capital.
Njemanze, known for being pro-health in the Catholic church, charged the national assembly not to be in a hurry to succumb to the pressure of the bill currently before the house.
He said the vaccine may trigger the deaths of millions of Nigerian children prone to cerebral meningitis, especially in the northern part of the country.
Part of the letter read “Among the side effects is a tenfold increase in cerebral meningitis. Nigeria is endemic for cerebral meningitis. A tenfold increase could cause the deaths of millions of children, especially in northern Nigeria.
“Please intervene and call for a public hearing, for an open public discussion on the pros and cons with expert opinions from both sides. This will help the Nigerian people to be better informed about granting or withholding consent for the vaccination.
“Your intervention could save millions of lives, especially in northern Nigeria, where meningitis is most endemic, particularly at this time of serious insecurity,” Njemanze warned.
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