News
TGNYES 2017 Exposes Youths to Business Opportunities, Others Receive IT Training

By peter oluka
The Generation Next Youth Empowerment Summit 2017 (TGNYES) has spurred young people to innovate and put on their thinking cap.
The Summit, an initiative of Elbativeni Foundation and Elbativeni Impressions and Consult invested with the Project’s mission to build youth leaders and empower them with right resources, world class speakers, job opportunities, grants, loan facilities, entrepreneurship ideas and available physical gifts and tools to enhance their lives and held in Abuja recently, was attended by notable dignitaries and speakers including, His Excellency, Ambassador Leopoldo Rovayo Verdesoto, of the Embassy of the Federal Republic of Ecuador to Nigeria, and Nigerian Communications Commission’s Executive Vice Chairman’s (EVC) Senior representative, Ms Olawaiye Olasumbo.
Others were: MD of Nanet group, Mr Ini Akpabio; Nigeria’s Former Minister of information, Mr Frank Nweke Jnr.; CEO of Elbativeni Foundation and Elbativeni Impresions and Consult, Ms Destiny Ruth Obiakoeze; CEO of O&S Services, Mr Oba Boniface, CEO of Media Range Ltd, Mr Hassan Abdul; Flex NG’s Mr Kabir Bayo Shittu; Ocean Hill’s Mr Chinonso Opurum; Speaker Arnold Pms Arnold Ayomide Afolayan amongst others.
Nigeria’s former minister of information, Mr Frank Nweke Jr. who was the edition’s “Success Icon” appreciated the team for the vision and seeing themselves as partners in Nigeria’s development emphasized: “I say this because more often than not, we find many people who believe that they have no role to play in national development. So when I meet young people like Destiny and her team who envision this kind of empowerment programmes and it has encouraged others on what must be done; one must duff his hats, one must respect them. So I pay my due respect to them”.
He spurred on participants to ask themselves hard questions and stressed on the need for passion and drive and the desire to push against all odds noting that he had faced challenges over the course of 7 years, implementing an idea that would employ over 15000 people.
The Ambassador of the Republic of Ecuador to Nigeria, H.E Leopoldo R Verdesoto shared varied experiences both as a diplomat, professionally and personally.
According to him, “I have served abroad in three different places, all of them nice from my point of view but they were considered not easy. One of the fact that I carry my career and I am very proud of it is some people didn’t want to go to the places that they had offered me to go but I say okay because for me, it’s a privilege to serve my country and I go! No Wahala on it”.

Nigeria’s Former Minister of information, Mr Frank Nweke Jnr. (m) flanked by CEO of Elbativeni Foundation and Elbativeni Impresions and Consult, Ms Destiny Ruth Obiakoeze; CEO of O&S Services, Mr Oba Boniface, CEO of Media Range Ltd, Mr Hassan Abdul; Flex NG’s Mr Kabir Bayo Shittu; Ocean Hill’s Mr Chinonso Opurum; Speaker Arnold Pms Arnold Ayomide Afolayan
He recounted his diplomatic experiences and the importance of relations to the diaspora citing shared similarities and values of Ecuador and Nigeria including economic.
The Ambassador advised that “youths and young people must be interested in what is going on in their country and their region, their…and make the compromise to go into politics and activism; not to take advantage of managing public funds but to serve their people and their country”.
The Managing Director of Nanet Group and Nanet Hotels, Mr Ini Akpabio, success Icon of the maiden edition and patron of the Summit spoke on “The roles of youths in a united Nigeria”. He raised salient issues of unity stressing that Nigeria had lots of things threatening to divide her.
He noted that the world boasts of youths as Presidents – the 31 year old President of Austria and 39 year old President of France.
He noted that there was need for less discrimination, Full rights of residence in any part of the country, and political and economic emancipation amongst others; mentioning that schemes such as the federal govt colleges, the National Youth Service Corps were great initiatives and were targeted at the unity of the country.
Speaking on some of the take home for youths at the Summit Mr Ini Akpabio said “The Youths are very powerful so the first thing they must do is to recognize their power. The youths don’t know how powerful they are. In exercising their power, they will be able to make changes. The changes I have been advocating are those that can be embedded in our constitution. We should have a percentage set aside…maybe like 25%, and say that at all levels of governance, that 25% must go to the youths; defined as people between the ages of 15 to 35.
Earlier in her welcome address, the CEO of Elbativeni Foundation and Elbativeni Impressions And Consult the hosting organizations of the youth Summit, Ms Destiny Ruth Obiakoeze, explained that the youth Summit was to bring people of different sectors and proffer ideas and actions capable of helping the young people move forward.
She said the idea of the summit remains to fire youths up from the inside to the outside and help them to realize that the things that they want is inside of “them”, that they can make things happen for themselves regardless of the economy, the circumstances of life and that they can do what they want to do to become the leader that they want. She added that the summit was paramount to give hope to youths who did not have hope and give assistance to youths who did not have the right resources to help themselves and empower them with available opportunities.
Nigerian Communication Commission’s Executive Vice Chairman (EVC) who was represented by the Principal Manager in the public affairs department, Ms Olasumbo Olawaiye said that since the youths make up a huge percentage of the telecom consumers ‘the Generation Next Youth Empowerment Summit’ was indeed a great platform to enlighten them on the various telecom issues.
The Commission had earlier in March 2017 flagged off the ‘year of the Telecom Consumer Campaign’ focused on the needs and satisfaction of the Nigerian Telecom Consumer of which part of its purpose is to inform and educate the consumer with the sole intent of protecting and empowering them to make the right decisions and from unfair practices of network operators.
The Commission in its eight point agenda with two being to improve the quality of service and a sixth which is to protect and empower consumers specifically addressed… Key components of the campaign in the year of the Telecom Consumers Include: Creation of great awareness of quality of service; research based fact on electromagnetic field radiation; The do-not-disturb code,2442 and the NCC toll free 622 line.
Noting that information was very important for the youths and users of telecom services to be properly aware in their consumer experiences, she said the, “Do-Not-Disturb code 2442 is a dedicated command short code which will enable consumers to stop unsolicited text messages, including voice and take informed and independent decision of what messages to receive from the network and protect themselves from the nuisance of unsolicited messages and take it as a direct response to the yearning of subscribers.
During the Entrepreneurship session, Mr Oba Boniface who facilitated the session said that the difference between a successful entrepreneurs and the unsuccessful entrepreneurs were their abilities to bring out revenue out of rubbish, see prosperity out of problems, and cash out of crisis.
According to him, there was need for youths to see entrepreneurship as a great option and see the business in problem. They need to see opportunities in problems.
They need to think of how to add value to others and increase their integrity since innovation in a better way to solving people’s problems. They need to be ready to invest in their own businesses and ideas and not just expecting others to invest in them.
The Summit also hosted an innovative mind teaser session hosted by the Technical Director of the Nigerian Scrabble federation, Mr Farouk Babaina.
In a session on Brand Power, the CEO of Media Range Ltd, Mr Hassan Abdul taught that there were series of things that were important to becoming more marketable as personal and business brands and it is indeed important to increase performances in them. Attributes that differentiate individuals and business in the industry must be developed and improved.

Cross section of guests and speakers at the Summit
According Mr Hassan Abdul, Personal branding can accelerate communications strategy, ease career transitions, increases long term career and business objectives as well as expected outcomes.
He spoke on the essence of communications and branding to individuals and business and how to leverage its capacities in life and business.
Mr. Peter Oluka, IT Correspondent with the Nigerian Communications Week coordinated the ‘opportunities Panel‘ with CEO of MicroFlex,-Mr Kabil Shittu; CoFounder of Ocean Hill, Mr Nonso Oprum; Representative of Elbativeni Foundation, Ms Biodun Ogundipe where opportunities for soft loans, Business support services and ICT Training for women were offered participants.
The last session was the Google Digital Skills for Africa session facilitated by the CEO of the hosting company and foundation- Elbativeni Impressions and Consult and Elbativeni Foundation., Ms Destiny Ruth Obiakoeze.
The session highlighted the need for an online presence, the opportunities available through online presence and possible career opportunities that youths could leverage to earn money.
Given Google’s target to train 10 million African’s especially youths, the session explored digitals skills, the need to be digitally savvy and increase the use of technology online and in businesses.
According to Destiny, the future of technology would considerably progress and will continue to be profitable considering the principles of the digital world.
However she noted that youths have incredible opportunities with the advent of technology and the digital world than ever before.
Some of the success stories of the year’s event was achievements of the free admission for participants at the summit, exposure to world class resources, facilitators and speakers including:
Ten (10) Start Up Business winning FREE Business Support services; 20 Ladies selected from participants to attend FREE SIX MONTHS ICT training from February 2018 to July 2018; Soft Loans; Job Opportunities for select participants and Free Summit shirts won by raffle.
According to The Generation Next Youth Empowerment Summit’s Convener, Ms Destiny Ruth Obiakoeze, Now, we are looking forward to 2018.
News
Senate Probes Federal Character Violations by NDIC, Others

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

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

Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries.
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.
- Broadcasting2 days ago
NGO Blasts MultiChoice for Tariff Hike in Nigeria, Slash in South Africa
- E-Business2 days ago
Otti, Abia State Gov Promises Internet Access for all Abia Communities in 9 Months
- News2 days ago
NIPOST Explains Clamping Down on Illegal Logistics Services in Enugu
- Telecom2 days ago
Telcos Mull Introduction of Different Tariff Plans for Different States
- News2 days ago
NESREA Urges Nigerians to Dispose Batteries Properly to Avoid Hazards
- E-Financial2 days ago
CITN Seeks AI to Curb Revenue Leakage in Nigeria’s Tax System
- News2 days ago
Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs
- E-Financial2 days ago
SEC Declares War on Capital Market Fraudsters