News
World Environment Day: Coca-Cola Continues To Lead Plastic Recovery And Recycling Efforts Across Nigeria

As the world celebrates World Environment Day, the Coca-Cola System in Nigeria comprising Coca-Cola Nigeria and its bottling partner, Nigerian Bottling Company, reaffirms its commitment to making the country and the world a more sustainable place by supporting plastic recycling and other key environmental protection initiatives to help create a world without waste.
World Environment Day was founded by the United Nations Environment to promote worldwide awareness and action for the protection of our environment.
The theme for World Environment Day 2020 is, ‘Time for Nature,’ with a focus on its role in providing the essential infrastructure that supports life on earth and human development.
It would be recalled that in January 2018, the Company launched a global goal to fundamentally reshape its approach to packaging through its World Without Waste initiative.
This initiative aims to help collect and recycle the equivalent of 100% of its packaging by 2030.
This year’s World Environment Day theme, ‘Time for Nature’, rightly ties into the ambitious goal that Coca-Cola set for itself since 2018 and its efforts in investing in the planet and its packaging towards environmental protection.
The Coca-Cola Company and its bottling partners are pursuing several key goals:
- Investing in the planet: By 2030, for every bottle or can the Coca-Cola System sells, we aim to help take one back so it has more than one life. The Company is investing its marketing dollars and skills behind this 100% collection goal to help people understand what, how and where to recycle. We will support the collection of packaging across the industry, including bottles and cans from other companies. The Coca-Cola system is working with local communities, industry partners, our customers, and consumers to help address issues like packaging litter and marine debris.
- Investing in our packaging: To achieve its collection goal, the Coca-Cola System is continuing to work towards making all of its packaging 100% recyclable. The Company is building better bottles, whether through more recycled content, by developing plant-based resins, or by reducing the amount of plastic in each container. By 2030, the Coca-Cola system also aims to make bottles with an average of 50% recycled content. The goal is to set a new global standard for beverage packaging. Currently, our returnable glass bottle and PET packaging in Nigeria is 100% recyclable.
Onyemelukwe Nwamaka, Public Affairs, Communications and Sustainability Manager, Coca-Cola Nigeria Limited explained “Bottles and cans shouldn’t harm our planet, and a litter-free world is possible.
“Companies like ours must be leaders. Consumers around the world care about our planet, and they want and expect companies to take action. That’s exactly what we’re doing, and we will continue to lead in this space. We invite others to join us on this critical journey.”
The World Without Waste campaign represents Coca-Cola’s commitment to doing business in a way that eliminates waste which causes damage to the environment and supports job creation and financial empowerment.
Under this campaign and through the Coca-Cola Foundation, the company has sponsored and supported projects geared towards proper waste management and infrastructure that supports life on earth and human development.
With grants of over $800,000 from the Coca-Cola Foundation to multiple local NGOs, several recycling and women empowerment programs are being implemented to address the issue of environmental protection while empowering women who are significant pillars of the environment.
Additionally, through Coca-Cola’s System investment in one foremost recycling company in Nigeria, Alkem, more than One billion PET bottles were collected and recycled in Nigeria into fibre and other products from 2005 to 2011; more than 1,800 people directly employed on an average income of $6 per day (3 times the national average); as well as the creation of synthetic fibre for local industries and export.
Coca-Cola has further invested into building an industry coalition that has birthed the Food and Beverage Recycling Alliance (FBRA). FBRA is an alliance of responsible and forward-looking companies united by a shared concern for the environment and a commitment to collaborate with all stakeholders in building a sustainable recycling economy for food and beverage packaging waste.
These efforts have so far led to over 55 million bottles recovered from the environment and recycled into other products.
Some of the notable NGO grants towards building environmental sustainability includes the $150,000 grant to the Initiative for the Advancement of Waste Management in Africa, which is aimed at helping them establish eight ‘Cash for Trash’ recycling hubs in communities around Abuja, a $100,000 grant to the Mental and Environmental Development Initiative for Children (MEDIC) for its Recycling Scheme for Women and Youth Empowerment (RESWAYE) program, $56,000 grant to Global Shapers on Plastics 2 Resources designed to change the behaviour of citizens on waste disposal and about $170,000 grant to the African Clean-Up Initiative, which has birthed two key programs – RecyclePay and Clean-Up Naija.
The RecyclePay program has supported children with funding to attend low-tuition schools by exchanging plastic bottle waste donated by their parents for school fees while solving a key climate issue as well as SDG Goals 4 and 10. Currently, the African Clean-Up Initiative is using a similar approach to support low-income families affected by the coronavirus pandemic by giving them cash, double the value of plastic bottles recovered.
Coca-Cola is sure leading the way and making a difference towards preserving nature thereby supporting life on earth and human development.
News
Aliko Dangote Signs out @ Dangote Sugar Refinery as Chairman

In a major leadership transition, Dangote Sugar Refinery Plc (DSR) has announced the retirement of Aliko Dangote, its founder and chairman, from the Board, effective June 16, 2025.

Aliko Dangote
The announcement was made in a regulatory filing with the Nigerian Exchange Ltd on June 11, highlighting the company’s commitment to sound corporate governance and structured succession planning.
In a statement signed by Mrs. Temitope Hassan (FCIS), company secretary and legal adviser, the Board praised Dangote’s extraordinary leadership and lasting contributions to the company.
“Alhaji Aliko Dangote is one of the founding Directors of the Company and has served with exceptional leadership, integrity, and vision since 2005,” the statement read.
“Under his stewardship, Dangote Sugar Refinery transformed significantly, navigated industry changes, consistently delivered value to shareholders, and upheld strong governance principles.”
Widely regarded as Africa’s most influential industrialist, Dangote led DSR’s evolution into a dominant player in Nigeria’s sugar value chain.
His strategic initiatives, particularly the Backward Integration Projects (BIPs) across Adamawa, Taraba, and Nasarawa States, advanced the company’s self-sufficiency goals and aligned with the federal government’s national sugar master plan.
While stepping down from DSR, Dangote will continue as President of Dangote Industries Limited.
His legacy at DSR is marked by industrial innovation, strategic foresight, and sustained operational excellence.
To ensure a seamless transition, the Board has appointed Mr. Arnold Ekpe, a seasoned independent non-executive director, as the new chairman, effective June 16.
Ekpe is renowned for his tenure as Group CEO of Ecobank Transnational Incorporated, where he championed pan-African financial inclusion and institutional growth.
His extensive experience in banking and corporate governance is expected to strengthen DSR’s next phase of development.
The leadership change signals continuity of vision, with DSR reaffirming its focus on operational efficiency and long-term value creation in a dynamic market.
For shareholders and industry observers, Dangote’s exit from the Board marks the end of a transformational era—one defined by bold ambition and strategic execution—while opening a new chapter under Ekpe’s leadership.
News
Report Reveals New Malware Posing as an AI Assistant Steals User Data

Kaspersky Global Research & Analysis Team researchers have discovered a new malicious campaign which is distributing a Trojan through a fake DeepSeek-R1 Large Language Model (LLM) app for PCs.
The previously unknown malware is delivered via a phishing site pretending to be the official DeepSeek homepage that is promoted via Google Ads.
The goal of the attacks is to install BrowserVenom, a malware that configures web browsers on the victim’s device to channel web traffic through the attackers servers, thus allowing to collect user data – credentials and other sensitive information. Multiple infections have been detected in Brazil, Cuba, Mexico, India, Nepal, South Africa and Egypt.
DeepSeek-R1 is one of the most popular LLMs right now, and Kaspersky has previously reported attacks with malware mimicking it to attract victims. DeepSeek can also be run offline on PCs using tools like Ollama or LM Studio, and attackers used this in their campaign.
Users were directed to a phishing site mimicking the address of the original DeepSeek platform via Google Ads, with the link showing up in the ad when a user searched for “deepseek r1”.
Once the user reached the fake DeepSeek site, a check was performed to identify the victim’s operating system. If it was Windows, the user was presented with a button to download the tools for working with the LLM offline. Other operating systems were not targeted at the time of research.
After clicking on the button and passing the CAPTCHA test, a malicious installer file was downloaded and the user was presented with options to download and install Ollama or LM Studio.
If either option was chosen, along with legitimate Ollama or LM Studio installers, malware got installed in the system bypassing Windows Defender’s protection with a special algorithm.
This procedure also required administrator privileges for the user profile on Windows; if the user profile on Windows did not have these privileges, the infection would not take place.
After the malware was installed, it configured all web browsers in the system to forcefully use a proxy controlled by the attackers, enabling them to spy on sensitive browsing data and monitor the victim’s browsing activity.
Because of its enforcing nature and malicious intent, Kaspersky researchers have dubbed this malware BrowserVenom.
“While running large language models offline offers privacy benefits and reduces reliance on cloud services, it can also come with substantial risks if proper precautions aren’t taken.
Cybercriminals are increasingly exploiting the popularity of open-source AI tools by distributing malicious packages and fake installers that can covertly install keyloggers, cryptominers, or infostealers.
These fake tools compromise a user’s sensitive data and pose a threat, particularly when users have downloaded them from unverified sources,” comments Lisandro Ubiedo, Security Researcher with Kaspersky’s Global Research & Analysis Team.
News
Court Declares Bank’s Withholding of Retirement Benefits Unlawful

National Industrial Court in Lagos has ruled that a deposit money bank must pay over N162 million in outstanding retirement benefits to a group of its former employees.
The judgment, delivered by Justice R.H. Gwandu, criticized the bank’s attempt to withhold entitlements from staff employed through third-party arrangements.
The claimants, represented by Chief Mike Ozekhome, SAN, argued that the bank violated labor laws by refusing to honor their retirement benefits. They sought declarations that the bank’s actions were unlawful and requested immediate payment of their dues.
Justice Gwandu ruled in favor of the employees, stating that the use of third-party employment to evade obligations was unacceptable.
The court acknowledged their long service and dismissed the bank’s argument that they did not meet the required 15 years of uninterrupted service.
Notably, the court upheld the rights of the 10th claimant, who continued working with the bank after its merger with Manny Bank and another commercial institution.
This landmark ruling reinforces workers’ rights and establishes that organizations cannot use outsourcing arrangements to deny employees their legitimate benefits.
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