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First Bank Sponsors Online Reality Writing Competition

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Bisi Onasanya, managing director/chief executive officer, FirstBank
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First Bank of Nigeria (FBN) Plc has been identified as the sponsor of “The Writer Competition”, an online ‘reality’ writing competition.

FBN Plc created the competition in collaboration with an online art and opinion magazine, www.tnc.com.ng with the sole aim of educating and encouraging young African writers. The competition, now in its third year promises to be even bigger.

According to Olawale Adetula, representing the project initiators, “Just like the first two seasons, contestants will be given a topic or theme to write on each week and members of the public, as well as the judges, assess them and vote to keep the best writers in the competition until one writer is left standing”.

Over the last two years, the competition has been exciting and keenly contested across West Africa but this year, everything changes.

The competition is bigger and better with more evictions every week and more prize money at stake.

Explaining the process, Adetula, said that 12 finalists will be shortlisted from the call for entries submissions. These writers will be mentored by three judges – Eghosa Imasuen, Seun Salami and Myne Whitman and will contest in four rounds of the online writing competition where three contestants will be evicted weekly.

The competition will require all writers to send in their themed stories weekly by a fixed deadline. Posts from contestants will be put up for members of the public to read and vote on. At the end of the voting period, the panel of judges will evaluate the stories and score them using pre-communicated criteria.

The public votes from the audience and the votes from the judges will be combined and based on this; contestants will be judged and eliminated weekly until a final winner – THE WRITER – emerges.

Who is it for? The competition is for all Africans who love to write. There is no age, nationality or location restriction. All Africans or people of African origin are encouraged to send in pre-qualification entries to be considered.

To stand a chance to qualify for the competition, simply write and send in a flash fiction story that is not more than 500 words long (It can be less than this but definitely not more).

 The theme for this year’s entry stories is

The first — what? That’s entirely up to you. The first kiss. The first story. The first bite. The first child. The first car. The first man. The first word. Anything. It can be about a time or a place or a person or a situation or anything along the continuum.

Be creative. Any Style, direction and format is allowed – the more creative and well written, the better your chances of qualifying.

Interested participants are to send their entries to thewriter@thenakedconvos.com on or before midnight, February 21st, 2014.

At the end of The Writer competition, there will be three winners. The First Place is $1,200; second place $800 and third place $600.


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Senate Probes Federal Character Violations by NDIC, Others

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The Senate on Tuesday deplored what it described as violations of the principles of federal character in the appointments, recruitments and promotions in some key federal institutions and agencies.

Senate Probes Federal Character Violations by NDIC, Others

Specifically, the upper legislative chamber fingered the Nigerian National Petroleum Company Limited (NNPCL), Pension Commission (PENCOM), the Nigeria Deposit Insurance Corporation (NDIC) and several other Ministries, Departments and Agencies (MDAs) as culprits.

The matter was a subject of debate at plenary as Senator Osita Ngwu called the Senate’s attention to the alleged violations through a motion.

Ngwu’s motion, entitled “Urgent Need to Address Systemic Abuse and Ineffective Implementation of the Federal Character Principle in Nigeria’s Public Sector,” got the attention of the lawmakers.

Ngwu, who led the debate, cited Sections 14(3) and 14(4) of the 1999 Constitution, which explicitly prohibit the dominance of individuals from a few states or ethnic groups in federal institutions.

He observed that while recruitment opportunities are limited, promotions are often based solely on years of service rather than merit, leading to the continued marginalisation of certain regions.

According to him, the lack of accountability in enforcing federal character principles has compromised fairness in the public sector, with senior-level recruitments often influenced by cronyism instead of competence.

Ngwu further observed that while the federal capital principle aims to balance merit with equitable state representation, its poor implementation has negatively affected discipline, morale, and institutional efficiency.

According to him, “The federal character principle, entrenched in the 1999 Constitution of the Federal Republic of Nigeria, mandates fair representation in federal appointments to reflect the linguistic, ethnic, religious, and geographic diversity of the nation.”

He continued, “Section 14(3) and (4) of the Constitution unequivocally stipulate that ‘no predominance of persons from a few states or a few ethnic or sectional groups’ should exist within the federal government or its agencies.”

Ngwu listed the NNPCL and its subsidiaries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the National Agency for Food and Drug Administration and Control (NAFDAC), the Nigerian Ports Authority (NPA), PENCOM, NDIC, the Federal University of Technology Akure (FUTA), the National Library of Nigeria (NLN), the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the Energy Commission of Nigeria (ECN), the Solid Minerals Development Fund (SMDF), and the Nigerian Nuclear Regulatory Authority (NNRA) as non comliant entities.

He accused them of consistently failing to adhere to federal character Mandates, and often bypassing regulations in their recruitment exercises.

Ngwu warned that unchecked violations of federal character laws would continue to erode the effectiveness of key legislative provisions.

He listed the affected legislative provions to include Section 14(d) & (e) of the Legislative Houses (Powers and Privileges) Act, 2017, Part I(1)-(2) of the Subsidiary Legislation 23 of 1997, and Section 11(2) of the Freedom of Information Act, 2011.

He also raised concerns about the lack of independence of the Federal Character Commission (FCC).

Ngwu observed that despite the Commission’s constitutional mandate, it remains weakened by underfunding, political interference, and a lack of enforcement power.

While approving the probe of the affected entities, the Senate directed its Committee on Federal Character and Inter-Governmental Affairs to conduct investigative hearings into their activities.

The committee is expected to submit its findings within four weeks.

 


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Police Arrest 4 Bank Staff over Alleged ₦270m Fraud, Money Laundering

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The Lagos State Police Command has arrested four bank employees over their alleged involvement in a sophisticated fraud and money laundering scheme that diverted over £138,924 (more than ₦270 million) from international airline accounts.

Police Arrest 4 Bank Staff over Alleged ₦270m Fraud, Money Laundering

CSP Benjamin Hundeyin, command’s spokesperson, disclosed the arrests on Monday during a press briefing at the state police headquarters in Ikeja.

According to CSP Hundeyin, “The suspects conspired to siphon funds from domiciliary accounts into personal accounts before redistributing them to multiple destinations.

“The fraud was uncovered when the affected bank detected unauthorized transactions and alerted the police.”

Explaining further, the spokesperson said: “Subsequent investigations led to the arrest of the following suspects: Oluwatobiloba Olaleye, male, aged 27, was arrested on March 12, 2025, in Ogun State. A Toyota Camry 2012/2013, suspected to be a proceed of the crime, was recovered from him.

Oladunjoye Adegoke, male, aged 33, was arrested on March 13, 2025, in Victoria Island, Lagos. A Toyota Camry (Pencil Light), suspected to be another proceed of the stolen funds, was also recovered.

Further investigation led to the arrest of Austin Alfred, male, aged 38, the Supervisor of the Trade Services Department, and Jude Uzobuaku, male, aged 36, a processor in the same department. Both facilitated the illegal transfer of funds to foreign accounts.”

Police investigations revealed that the stolen funds were initially funneled into an account belonging to one of the suspects before being transferred to multiple other accounts, making it harder to trace. Authorities are now working to track down additional accomplices and recover the remaining funds.

“The suspects are in custody and will face prosecution as the investigation continues,” CSP Hundeyin stated.

 

 

 

 

 

 

 


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Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

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Tony Elumelu
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Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries.

Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

Tony Elumelu, founder, TEF, made this known on Sunday in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme.

He stated that each beneficiary would receive a $5,000 seed grant to kick-start their businesses.

Elumelu, who is also chairman of Heirs Holdings, Transcorp, and United Bank for Africa (UBA), reaffirmed his commitment to empowering African entrepreneurs and transforming the continent’s economic landscape.

According to Elumelu, the foundation aims to democratise opportunity across the continent, fostering economic growth and providing young Africans with access to funding and mentorship.

“We had a vision that started in 2010; one that envisions a self-sustaining Africa, driven by the energy, vision, and resilience of young entrepreneurs.

“We understand the challenges they face in contributing to Africa’s economic transformation.

“If empowered and encouraged, these young Africans can drive meaningful change,” he said.

He noted that capital alone was not enough, highlighting the importance of business education, mentorship, and training in building successful entrepreneurs.

The entrepreneurship programme, which began in 2015, originally set out to economically empower 10,000 young Africans over 10 years, each receiving $5,000 in seed capital.

“This year marks the 15th anniversary of the foundation, and we have made a considerable impact across all 54 African countries.

“In the 21st century, Africa does not need aid; what it needs is investment in its youth,” Elumelu said.

Somachi Chris-Asoluka, chief executive officer (CEO), TEF, noted that since the programme’s launch in 2015, the foundation had.disbursed over $100 million to more than 21,000 young entrepreneurs across Africa.

According to Chris-Asoluka, these businesses have collectively created 1.5 million enterprises, and generated $4.5 billion in revenue.

“Our entrepreneurs have demonstrated that ideas are the lifeblood of the African continent.

“For the 2025 cohort, we received over 200,000 applications, and from this pool, 3,000 entrepreneurs from 52 African countries will receive $15 million in funding.

“Each entrepreneur will receive a $5,000 non-refundable seed grant; this is neither a loan nor equity,” she stated.

She further assured that the foundation had a monitoring and evaluation platform in place to track progress after disbursement, ensuring that beneficiaries adhered to their approved business plans.


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