E-Financial
Sterling One Foundation partners Live Abundantly, British High Commission on gender based violence

Sterling One Foundation, in collaboration with Live Abundantly and the Deputy British High Commissioner to Nigeria, has officially launched the 2023 edition of the 16 Days of Activism Against Gender-Based Violence in Nigeria.

L-R: Dr. Ama Onyerinma, Founder, Live Abundantly; Prof. Akin Abayomi, Lagos State Commissioner for Health; Olapeju Ibekwe, CEO Sterling One Foundation; Jonny Baxter, British Deputy High Commissioner to Nigeria.
The 16 Days of Activism for No Violence Against Women and Children Campaign, an annual United Nations initiative held annually from November 25 to December 10 (International Human Rights Day), aims to eradicate violence against women.
The global campaign, established in 1991 by the Women’s Global Leadership Institute at Rutgers University, has expanded to include violence against both girls and boys.
It is used as an organisational strategy by individuals and organisations around the world to call for the prevention and elimination of violence against women and girls.
In support of the initiative, the United Nations Secretary-General launched in 2008 the campaign UNITE by 2030 to End Violence against Women, which runs parallel to the 16 Days of Activism.
Since its inception in 1991, over 6,000 organisations from approximately 187 countries have participated in the campaign.
The event, held at the EbonyLife Place in Lagos, featured a film screening titled “Chatroom,” produced by Mrs. Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation.
According to Mrs. Ibekwe, statistics show that one in three women and one in six boys have experienced violations. She emphasised the urgent need to eliminate gender-based violence, calling for advocacy and action from individuals, private sector players, and development organisations to address and find solutions to the pervasive issue.
She added that it is important to escalate discussions on gender-based violence into the living rooms of the citizenry.
The Deputy British High Commissioner to Nigeria, Mr. Jonny Baxter, in his goodwill message stressed the importance of legislative measures to protect human rights and urged collaboration between the government and the public.
In her goodwill message, Dr. Ama Onyerinma, Founder of Live Abundantly, observed that the provided statistics may not fully capture the reality due to underreporting, adding that there is a need for people to use their voices to amplify awareness about it. She noted that when gender-based violence is not reported there can be no social justice for victims, no better awareness, no protection and no advocacy.
Commissioner for Health, Professor Akin Abayomi affirmed Lagos State’s intolerance of gender-based violence, citing the establishment of the Lagos State Domestic and Sexual Violence Agency (DSVA) as part of its commitment to tackling the issue under its THEMES Agenda.
Goodwill messages were also shared by Dr. Adewale Oyerinde of the Nigeria Employers Consultative Association and Pearl Uzokwe of the Malala Fund in Nigeria.
Dr. Oyerinde highlighted the multi-dimensional nature of the issue and outlined efforts by the private sector to ensure the safety and protection of their workforce.
Mrs. Uzokwe commended the multi-sectoral partners gathered. She added that all citizens have a part to play and commended the sustained efforts of the Lagos State Government in prioritizing the elimination of gender-based violence.
E-Financial
FG to Train 100,000 Youths Annually in Forex Trading and Financial Skills

Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians annually in forex trading, financial planning, and risk management.
The agreement, signed in Abuja, was announced by Omolara Esan, Director of Information and Public Relations at the Federal Ministry of Youth Development. According to her, the initiative is part of the government’s broader strategy to reduce youth unemployment and enhance financial inclusion.
At the signing ceremony, Minister of Youth Development, Comrade Ayodele Olawande, described the partnership as a milestone in the ministry’s efforts to equip young Nigerians with practical financial skills. He emphasized that the programme would foster critical thinking, improve digital literacy, and expand access to global economic opportunities.
Speaking on the collaboration, Dr. Enefola Odiba, International Programme Director at Investonaire Academy, highlighted the importance of empowering youth with relevant financial and digital skills. He described young people as essential drivers of innovation and national development.
The ministry assured that the programme would be implemented with transparency and measurable outcomes, ensuring that participants gain practical expertise in forex trading and financial planning.
The Federal Government has recently intensified efforts to boost skill development across various sectors. A separate plan aims to train 100,000 artisans nationwide, following the successful upskilling of 29,000 individuals in previous phases. This initiative seeks to professionalize vocational trades, eliminate quackery, and introduce licensing systems.
Additionally, technicians from specialized institutions will receive industry-standard training to strengthen Nigeria’s labor force and increase self-reliance in skilled professions.
Through these efforts, the government hopes to position Nigerian youth for economic success both locally and globally.
E-Financial
NDIC Begins Final Settlements to Creditors of Liquidated Premier Bank

Nigeria Deposit Insurance Corporation (NDIC) has begun the final phase of liquidation for the defunct Premier Commercial Bank, initiating the payment of liquidation dividends to verified creditors, nearly 25 years after the bank’s closure.
Premier Commercial Bank had its operating license revoked by the Central Bank of Nigeria (CBN) on December 20, 2000, following findings of financial instability and regulatory non-compliance.
Since then, the NDIC has overseen the bank’s liquidation process under a winding-up order from the Federal High Court, which designated the corporation as the official liquidator.
In a public announcement, the NDIC invited all eligible creditors to visit any of its zonal offices between June 2 and June 27, 2025, to verify and claim their entitlements.
This move marks a critical milestone in the final settlement of claims related to the bank’s collapse.
To facilitate the verification process, creditors are required to present proof of deposit or shareholding, such as a passbook, chequebook, term deposit certificate, or bank statement.
Additionally, valid identification documents must be submitted, including a driver’s license, international passport, national identity card, NIN slip/card, voter’s card, or a formal identification letter from a traditional ruler or local government chairman.
The NDIC assured the public that the ongoing settlement is part of a broader effort to bring closure to longstanding claims resulting from Premier Commercial Bank’s liquidation. The process, according to the corporation, has been designed to ensure efficient disbursement to all verified stakeholders.
Premier Commercial Bank is one of 53 deposit money banks whose licenses were revoked by the CBN between 1994 and 2018 due to various violations and signs of financial distress.
These closures were followed by legal procedures appointing the NDIC to manage asset recoveries and creditor settlements.
By initiating this final phase of payment, the NDIC is reaffirming its commitment to financial system stability and depositor protection while calling on all affected individuals and institutions to complete verification processes promptly to receive their due compensation.
E-Financial
SEC Directs Companies to Honour Unclaimed Dividend Requests

Securities and Exchange Commission (SEC) has directed all public companies and Registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”, especially those dating from before the enactment of the Finance Act 2020.
The directive reaffirms the provisions of Section 60 of the Finance Act, which mandates that dividends unclaimed for over six years be transferred to the Unclaimed Funds Trust Fund (UFTF), where they remain accessible to shareholders pending claims.
The Commission said that shareholders are entitled to continue to claim their dividends that are not statute-barred (that is not above 12 years) before December 31, 2020 “when the Finance Act 2020, came into effect.”
According to the SEC in a Circular, “The attention of the Securities and Exchange Commission has been drawn to the fact that paying companies and their Registrars have continued to treat unclaimed dividends of public companies that are older than 12 years as being “statute-barred” without recourse to the provisions of the Finance Act 2020.
“In response to various inquiries on the subject, the Commission hereby clarifies as follows: The import of the provisions of Section 60 of the Finance Act 2020 (December 31, 2020), is that, where dividends declared by a public company quoted on the Nigerian Exchange Limited remained unclaimed for a period of six years or more, such dividends are expected to be transferred to the Unclaimed Funds Trust Fund (UFTF) to be held in trust and managed pending when the shareholder presents a claim for such unclaimed dividends.
“Pending the setting up and operationalisation of the UFTF by the Federal Government, pursuant to its powers under Sections 3 (4) (e) and 93 of the Investments and Securities Act 2025, the Commission hereby directs public companies and their Registrars to continue to honour all requests by shareholders for the payment of unclaimed dividends as described above, with effect from December 31, 2020”.
The Commission therefore directed public companies and Registrars to effect immediate compliance with the directive and submit periodic reports on same in the manner prescribed in the Commission’s Rules and Regulations.
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