Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

News

AfDB Appoints Chinelo Anohu to Head Africa Investment Forum

Published

on

Kindly share this post

Dr. Akinwumi Adesina, President of the African Development Bank Group, has announced the appointment of Mrs. Chinelo Anohu, a highly accomplished international corporate lawyer, as head and senior director of the Africa Investment Forum.

The appointment of Chinelo, a member of the London Stock Exchange Africa Advisory Board, took effect from 1 sept 2019. She also served as Director-General of the National Pension Commission of Nigeria for five years.

With a formidable track record in formulating investment strategies, Chinelo brings extensive knowledge of institutional investment practice and experience in attracting new capital, expertise in the development of innovative asset classes, spanning pension funds, sovereign wealth funds, private equity and private family wealth funds.

The Bank is set to hold the 2019 edition of the Africa Investment Forum on 11-13 November 2019 in Johannesburg, South Africa, after a successful inaugural edition las year attracted $39 billion in investment interests for bankable deals in Africa.

The Africa Investment Forum has become Africa’s premier multi-stakeholder transactional platform for leveraging investments from the private sector, African and global financial institutions, global pension funds and sovereign wealth funds and other institutional investors.

It also provides an unparalleled platform for engagements with African Heads of State and Governments to discuss, in the Forum’s unique “Investment Board Rooms”, policy, business and investment incentives to close transactions in real time.

Dr. Adesina said: “I am delighted that Chinelo Anohu is joining us as the Head and Senior Director of the Africa Investment Forum. Her can-do-attitude, leadership, hands-on experience in working with global pension funds and institutional investors, and extensive global networks among institutional investors, will significantly position and help the Africa Investment Forum to drive its global agenda to attract more investments to Africa.”

Chinelo began her professional career as an Attorney with the global oil conglomerate, Chevron, Nigeria. She worked in legal and financial services firms in Nigeria and the United Kingdom before joining the Nigerian Bureau of Public Enterprises, the implementation agency for the reform and privatization of state-owned enterprises.

As a consultant assigned by the United States Agency for International Development (USAID), Chinelo helped to restructure and privatize the Nigerian Telecommunications Limited, Nicon Hilton Hotel and AfriBank, among several others. An adept and sound negotiator, she successfully worked with acquiring entities, liaising and managing complex relationships, including with the Nigerian National Assembly and labor organizations.

Under her leadership as Director General of the Nigerian Pension Commission,  the number of contributors rose from 5 million to close to 8 million, while assets under management grew from $19.3 billion to a record $42 billion. She also introduced innovative micro pension structures that created opportunities for informal sector workers to be included in the contributory pension scheme.

Chinelo created the first ever World Pension Summit Africa, which was held in Africa three years in a row, and convened global financial experts across the pension industry.

She graduated in 1996 with a Bachelor of Law from the University of Nigeria, Nsukka, and a Master’s degree in Computer and Communications Law from the London School of Economics in 2000. She has studied at the Kennedy School of Government, Harvard University, USA and the Insead Business School, France.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

EFCC: Accusations Against Our Chairman Are Baseless and Misleading

Published

on

Kindly share this post

Economic and Financial Crimes Commission (EFCC) has strongly denied allegations of lack of integrity and transparency directed at its chairman, Ola Olukoyede, by columnist Steve Osuji.

In a statement issued by Dele Oyewale, spokesperson, EFCC. the commission described the claims as “worrisome and unjustifiable,” particularly criticizing the personal attacks on Olukoyede.

“More worrisome was his attack on Olukoyede for no justifiable reason. Allegations of lack of transparency, accountability and integrity deficit are wild and clearly off the mark,” Oyewale said.

He questioned the basis for the allegations and defended Olukoyede’s leadership since taking office.

“The question is: in what way has Olukoyede fallen short? Is it by insisting that the right things should always be done? By moving the nation’s anti-graft war forward radically and unprecedentedly?

“By bringing forth a preventive framework to tackle corruption and reaping bountiful gains for the nation?

“By recovering the globally-acclaimed 753 duplexes and other apartments, which are proceeds of fraudulent dealings for the nation?

“By launching the EFCC into a global map of accomplished anti-graft agencies? By handling 50,000 case files in one year?

“By embarking on a courageous internal cleansing system and other progressive initiatives to deepen and strengthen the anti-corruption fight?

“It is cowardly and uncharitable for any columnist to hide under vague and opaque cover to splash mud on Ola Olukoyede, arguably one of the finest breed of anti-graft czars around the world.”

Olukoyede, through the statement, reaffirmed that the EFCC has consistently submitted its annual reports to the National Assembly as required by law.

“Equally preposterous are claims of re-looting of assets by officers of the Commission. For the purpose of clarification, the Commission does not recover monetary assets into its covers and the non-monetary assets that are recovered are disposed of following clear pronouncements by court and proceeds paid into the Confiscated and Forfeited Properties Account account in the Central Bank in line with provisions of the Proceeds of Crime (Recovery and Management) Act, 2022.

“The EFCC does not operate in secrecy. All its operations are regularly communicated to the public, including public auction of assets. To deliberately cast the Commission in the mould of fraudulent engagements or criminality is not only mischievous but also untenable,” the statement concluded.


Kindly share this post
Continue Reading

News

IHS Nigeria, UNICEF Donate Oxygen Plant to Bridge Health Gap in River State

Published

on

Kindly share this post

IHS Nigeria and its implementing partner, the United Nations Child Education Fund (UNICEF) has expressed satisfaction that the Oxygen Plant recently donated to Rivers State is helping to bridge the health Gap in the state and its environs.

This observation was made recently when officials from IHS Nigeria and UNICEF, carried out a project inspection visit to the plant located at the General Hospital in Eleme, Rivers State.

During the handing over of the oxygen plant to the Rivers State Government in 2024, the facility was reported to have a production capacity of 123 oxygen cylinders and 720,000 litres of oxygen every 24 hours.

The plant was built under a Public-Private Partnership involving UNICEF, the Canadian Government, IHS Nigeria, in partnership with the Rivers State Ministry of Health through the State Hospital Management Board.

Speaking during the visit to the facility yesterday, the Director of Sustainability at IHS Nigeria, Titilope Oguntuga, noted that the oxygen plant has saved lives and is helping to bridge health gaps in the eight other states where similar plants are located.

She further explained that the visit reflects the organisation’s commitment “not only to create opportunities for impact but to also continue supporting the healthcare industry by carrying out such interventions that directly impact individuals and saves lives. This plant is one of the nine oxygen plants we have built across the federation,” she said.

“We are particularly excited that it is helping to bridge health gaps—not just in Rivers State and its environs, but in all the states where the plants are currently located.”

Oguntuga informed that in terms of sustainability “we focus our intervention sustainability on four pillars; ethics and governance, education and economic growth, environment and climate change and finally, people and communities”.

She added that “the visit to the Rivers State oxygen plant is to have an assessment of how well the plant is functioning, the impact it is currently making and to generally understand how the operation is going”.

On his part, Chief of UNICEF Field Office, Port Harcourt, Dr Anslem Audu, stated that the plant has been very functional and useful to the people of Rivers State. According to him, “During the COVID-19 pandemic, a lot of patients needed oxygen and oxygen was not available. So many children will come down with pneumonia and it will become an emergency, they will need oxygen, but oxygen is not available in the hospital. But with this plant now available no child will die because of lack of oxygen in the hospital. The era of lack of oxygen is no longer there.

Audu added that “You can practically visit any of the hospitals in Port Harcourt and find out that they have oxygen and the product is from this plant all thanks to IHS Nigeria, the Canadian Government and UNICEF”.

The UNICEF field officer, who confirmed that the plant is functioning optimally, said it is producing enough oxygen for the state’s needs.

In his words, “The partnership between these three organizations and the Ministry of Health in Rivers State has really worked, and we are reaping the benefits of the partnership.

He urged the implementing partners, especially the government, to also invest in the sustainability of the facility by providing a source of electricity for the plant to be more functional.

Earlier, the Medical Director Eleme General Hospital, Dr Leechi-Okere Clarabelle, noted that since the day of the unveiling, the plant has been functioning very well. Commenting on impact he noted that “We’ve had success stories whereby oxygen is distributed to public hospitals in the state, including the two teaching hospitals in the state and then we have also extended distribution to some private hospitals within the state.

“We have two hubs that serve as storage and distribution points because of the location of the plant. We produce here and store somewhere in Port Harcourt so that people who come from a far distance can get oxygen from these hubs.

 


Kindly share this post
Continue Reading

News

JAMB Accuses Student of Securing Admission through Identity Fraud

Published

on

Kindly share this post

Joint Admissions and Matriculation Board (JAMB) has accused a 2025 Unified Tertiary Matriculation Examination (UTME) candidate of manipulating his identity and engaging in online blackmail.

JAMB Accuses Student of Securing Admission through Identity Fraud

Fabian Benjamin, head of public affairs, JAMB, issued a statement on the matter on Thursday.

He said one Chinedu Okeke, currently a 400-level Medicine and Surgery student at the University of Nigeria, Nsukka (UNN), gained admission in 2021 while claiming to be from Amuwo-Odofin, Lagos state.

JAMB said Okeke’s national identification number (NIN) records from 2021 confirm his Lagos origin.

The board stated it does not alter candidate information provided through NIN.

The board, however, said the 400-level student, who is facing potential challenges for incorrect credentials, is now claiming that it retrieved the wrong details for him from the National Identity Management Commission (NIMC) in 2021.

“[This] is unequivocally false, aimed at fabricating a defence for his case,” Benjamin said.

“The evidence suggests that Chinedu altered his records as filled in 2021 before registering for the 2025 UTME, a fact confirmed by even his advocates.”

The board questioned why a 400-level medical student would seek to study mechanical engineering in 2025, especially with “inconsistencies in his claims.”

JAMB alleged that Okeke “took advantage” of Lagos state’s quota in 2021, thereby obstructing the admission opportunities for other deserving candidates from the state.

It added that he then “attempted to manipulate his details with the NIMC” to unjustly claim representation from Anambra state in 2025.

The board criticised “online advocates” for “actively reaching out to Chinedu’s parents to extract emotional narratives rather than factual clarifications, neglecting to seek information directly from the university.”

JAMB affirmed its commitment to maintaining accurate records and preventing candidates from exploiting loopholes.

It warned that if UNN confirms any inconsistencies, it would notify the Medical and Dental Council to consider delisting Okeke.

“When a nation trivialises illegalities, it breeds a future fraught with potential criminality,” Benjamin’s statement concluded.


Kindly share this post
Continue Reading

Trending