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Diamond Bank Denies Converting Bank Branch to Otti’s Campaign Office

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Diamond Bank Plc has denied recent media report that Dr. Alex Otti, its former group managing director/CEO had converted one of the Bank’s properties located at Library Road, Umuahia, Abia State to his political campaign office.

The bank noted that after a careful study and investigation of the said report, it has found out that the allegation was not only ‘’spurious but baseless and malicious’’.

The bank also termed as complete false, the allegation that the former bank CEO had laid conduits through which he siphons depositors’ funds to finance his gubernatorial campaign in Abia State.

In a release by the bank, the bank stressed that it cannot deviate from its strategic value in the financial services sub-sector in the country, knowing very well the burden of responsibility reposed on its management.

Highlighting why it has and will remain neutral with regard to political happenings across the country, the bank says ‘’ to put the records straight we state the following:-

1. Diamond Bank Plc is not oblivious of its strategic value in the financial services sub-sector in the country and the burden of responsibility reposed on its management, and therefore, is focused on its core business of deposit mobilisation and credit creation; the Bank is focused on its set goals to meet shareholders expectations and create value for the millions of its customers across the six geopolitical zones; and is not involved in politics in anyway.

2. As at the close of business on the date the report was posted on the blog site, none of the Bank’s over 265 branches in the country or any of its properties in Abia State and the entire South East is under the control of its former GMD/CEO, Dr. Otti for his political campaign or is being used as a campaign office by any other politician.

3. Much as freedom of speech is a fundamental human right guaranteed by Law, good journalism entrusts the writer with the burden of responsibility to cross check and validate his information with verifiable facts.

Diamond Bank Plc upholds the integrity of journalistic truth and objectivity; and hope that this statement will serve to clear the air about this misleading and malicious report posted on the blog.


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Private Employers Paying Below N70,000 Risk Jail – FG

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Federal government has said that private employers who pay their workers less than the new minimum wage of N70,000 risk facing jail time.

Private Employers Paying Below N70,000 Risk Jail - FG

This warning was announced by Alhaji Ismaila Abubakar, permanent secretary, federal ministry of labour and employment, at the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria.

According to Abubakar, the minimum wage is now a law, and paying less than N70,000 is a punishable crime. Employers are expected to make it compulsory in any contract that their workers earn at least the minimum wage, after all deductions.

The Nigeria Labour Congress (NLC) has also weighed in on the issue, with Funmilayo Sessi, chairperson of the Lagos State Council, calling on private employers to pay the N70,000 minimum wage. She noted that the current economic realities make it difficult for workers to survive on lower wages.

It’s worth noting that there is some ambiguity surrounding whether the N70,000 minimum wage is net or gross, with Dr. Olufemi Ogunlowo, president,  Employers Association for Private Employment Agencies of Nigeria, calling for clarification on this issue.

 

 


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NAFDAC Says Dettol Health Fresh Soap is Fake

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National Agency for Food and Drugs Administration and Control (NAFDAC) has alerted Nigeria to the sale of a fake soap labelled as “Dettol Health Fresh Soap” in the market.

NAFDAC Says Dettol Health Fresh Soap is Fake

According to the alert on NAFDAC’s website on Thursday, the manufacturer of Dettol Antiseptic products confirmed that the soap is fake as it does not have any product by the name “Dettol Health Fresh Soap.”

“The Marketing Authorisation Holder and manufacturer (Reckitt Benckiser Nigeria Limited) of Dettol Antiseptic products, received a consumer complaint regarding the above-mentioned product. The product was reported to have caused skin irritation to the complainant.

“The MAH has confirmed that the product is fake as they do not have any product by the name “Dettol Health Fresh Soap”. Dettol Antiseptic products are widely used in Nigeria for household disinfection and personal hygiene to prevent illnesses from germs (bacterial infection),” it said.

It added that details of the complaint product were not provided by the complainant except for the name of the product “Dettol Health Fresh Soap.”

The agency noted that the illegal marketing of NAFDAC-regulated products or fake products poses a risk to people’s health, and since they do not comply with the regulatory provisions, the products’ safety, quality, and efficacy are not guaranteed.

It said all NAFDAC zonal directors and state coordinators have been directed to carry out surveillance and mop up the fake product if found within the zones and states.

“Importers, distributors, retailers, healthcare professionals, caregivers, and consumers are advised to exercise caution and vigilance within the supply chain to avoid the importation, distribution, sale, and use of the fake product. All medical products must be obtained from authorised/licensed suppliers. The products’ authenticity and physical condition should be carefully checked.

“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified medicines or medical products to the nearest NAFDAC office, NAFDAC on 0800-162-3322 or via email: [email protected].

“Similarly, healthcare professionals and patients are also encouraged to report adverse events or side effects related to the use of medicinal products or devices to the nearest NAFDAC office, or through the use of the E-reporting platforms available on the NAFDAC website www.nafdac.gov.ng or via the Med- safety application available for download on android and IOS stores or via e-mail on [email protected].”


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NiRA Announces First Edition of The Tech Convergence: A Gathering of Stakeholders in Nigeria’s Digital Economy

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The Nigeria Internet Registration Association (NiRA), the official registry for the .ng country code Top-Level Domain (ccTLD), is proud to announce The Tech Convergence 1.0, a two-day conference and exhibition set to take place on the 28th and 29th of November 2024 at the Muson Centre, Onikan, Lagos.

The Tech Convergence 1.0, commemorating its inaugural edition this year, will become a conference and exhibition held each year. For this year, it will precede the 7th edition of the awards also being held in November.

Why Tech Convergence 1.0?

Over the years, Nigeria’s digital scene has seen an explosion of innovators, showcasing how rapidly our digital and internet space is evolving. However, numerous challenges still limit its potential for growth and global competitiveness.

The Nigerian Internet Registration Association (NiRA) recognizes that to ensure Nigeria’s digital future is secure, sustainable, and globally competitive, there is a need to address these issues collectively.

The Tech Convergence 1.0 was conceived by NiRA to serve as a collaborative platform where stakeholders can explore synergies, foster innovation, and collectively drive Nigeria’s digital landscape forward. This ground-breaking event will bring together key stakeholders, innovators, creators, and tech enthusiasts within Nigeria’s digital ecosystem.

The event, themed “Innovating Nigeria’s Digital Future Through Tech and Creativity,” will explore how technological advancements, particularly in the DNS industry and digital content, can accelerate Nigeria’s journey toward becoming a digital powerhouse. It will also create an enabling environment for innovators and creators to thrive.

Additionally, it provides an avenue for stakeholders to explore synergies that will drive the growth of Nigeria’s digital space and contribute to the growth of our internet and DNS industry by promoting the adoption of the .ng domain.

Speaking on the upcoming event, Mr. Adesola Akinsanya, President of NiRA, noted: “The Tech Convergence 1.0 is a pivotal moment for us to come together as a digital community and chart the course for Nigeria’s digital future.

“Our digital future depends on how well we adapt, innovate, and collaborate today. Through the .ng domain, we have a powerful tool that can drive not only business growth but also our nation’s global digital presence.”

The event will feature key activities such as exhibitions, plenary sessions, masterclasses, networking sessions, VR games, raffle draws, and a meet-and-greet with our partners. The event is free and open to the public to attend.

Registration for The Tech Convergence 1.0 is now open, and we invite businesses, innovators, digital creators, government agencies, corporate organizations, tech enthusiasts, and others to register and participate in shaping the future of Nigeria’s digital space.

The Tech Convergence 1.0 will also feature insightful panel sessions on both days, led by top industry leaders and experts. These sessions will explore crucial topics such as digital innovation, content creation, and the adoption of emerging technologies.

Exhibitors are encouraged to showcase their products and services, as The Tech Convergence 1.0 offers an ideal platform to present the latest innovative products and technologies in Nigeria’s digital space to a wide audience of tech enthusiasts and industry leaders.

Recognizing the importance of collaboration, NiRA is seeking sponsors and partners to help make this event a success. We invite you to visit our website to explore sponsorship options or learn how to partner with us.

By partnering with NiRA and other key ecosystem players, you will not only expand your network but also collaborate with influential figures in the Nigerian digital space and showcase your brand to the right audience.

For more information and details on The Tech Convergence 1.0, please visit the official website.

For enquires on sponsorship, partnership and how to be an exhibitor at The Tech Convergence 1.0, contact Ms. Abimbola Aderibigbe at [email protected].


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