Connect with us

News

Konga Kares Spreads Love, Identifies with the Needy, Less-Privilege

Published

on

Kindly share this post

Konga, Nigeria’s foremost composite e-commerce giant embarked on a visit to orphanage homes in Lagos and Abuja to spread love to the needy and less-privileged, as part of its 7th Anniversary celebration,

 

The event, which saw Management and staff turn out in their numbers at both locations, was held on Saturday, July 6th, 2019.

 

The visit was anchored under the auspices of Konga Kares – a Corporate Social Responsibility (CSR) initiative through which the company has identified with and empowered critical segments of the population in need of a helping hand.

With the theme, Sharing the Konga Love to Help Alleviate Poverty, a visit was made simultaneously to theHeritage Orphanage Homes in Lagos as well as the Abuja Children’s Home, Karu and the Christ Foundation Orphanage Home and Widow Outreach, Abuja.

 

In their numbers, Executive Management and staff of Konga stormed the orphanage homes with household items, consumables, educational materials and other items to support their physical, mental and emotional needs.

 

Leading the Lagos team was Co-CEO, Konga Group Prince Nnamdi Ekeh who did not fail to engage and interact with the children of the Heritage Orphanage.

 

Ekeh expressed excitement and satisfaction about the visitation, describing his interaction with the children as an overwhelming experience.

“Giving material support is fantastic butproviding opportunities and other forms of empowerment is critical.

 

“You cannot overemphasize the generational benefits of creating a life-changing platform which focuses on abandoned and vulnerable children who are future leaders.

 

“We hope to embark on this kind of visitations on a regular basis and also partner with other institutions that are need of encouragement and empowerment such as skill acquisition which will have great impact in transforming their lives”, Ekeh said.

 

In Abuja, hundreds of lives were touched at both orphanages as the Konga team put smiles on the faces of children at the centres.

 

Led by Business Manager (North), Yvonne Enwerem games, Konga made it an enriching experience for the children with several fun activities including musical chairs, card games and board games such as Chess, Checkers, Scrabble and Ludo.

Furthermore, a quiz competition was organized for children within the ages of 7 and 17. Winners of the quiz were rewarded with mouth-watering prizes including Kiddies Tablets and writing materials, among others.

 

Essentially, the visitation did a lot to lift the moods of the children across all the beneficiary homes and imbue them with hope in a brighter future – a point that was not lost on the recipients.

 

Mrs. Patricia Agho is Director of the Christ Foundation Orphanage Home, Kuje, said “We are so grateful to the management of Konga for this gesture.

 

“The happiness and joy on the faces of the children is proof of how delighted we all are. May God bless Konga and continue to elevate the business,” said an obviously elated Mrs. Agho.

Also speaking, Mrs. Attah who oversees the Abuja Children’s Home expressed deep gratitude to Konga, even as she disclosed that the memories of the visit will remain indelible in the minds of the children.

 

“I am indeed overwhelmed by this show of love from Konga and so are the kids. In fact, I have never seen them this happy. Our appreciation knows no bounds and our prayer is that Konga reaps bountifully from this gesture,” she said.

 

Through Konga Kares, the company hopes to reach millions of needy, disadvantaged, physically-challenged and voiceless members of the society nationwide and give back in line with its mission of spreading love and alleviating poverty.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. 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

NIA Questions Legality of Reps’ Financial Probe

Published

on

Kindly share this post

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.

In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.

It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.

The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.

In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.

“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.

“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.

“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”

Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.

“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.

17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.


Kindly share this post
Continue Reading

News

Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Published

on

Kindly share this post

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).

Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.

“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.

She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,

Learning through experience

Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.

Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.

Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.

Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.

World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.

The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.

The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.


Kindly share this post
Continue Reading

News

CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Published

on

Kindly share this post

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.

Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.

The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.

It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.

Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.

According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.

“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.

“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”

The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.

He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.

Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.

“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.

“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.

“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.


Kindly share this post
Continue Reading

Trending