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Poor management of resources in the past caused by grand corruption had been the problem of Nigeria, Vice President Yemi Osinbajo, told a cross sections of Nigerians living in Germany.

According to Mr. Laolu Akande, Senior Special Assistant to the President (Media & Publicity), Osinbajo was responding to questions during a town-hall meeting where he said that those who have made away with the nation’s resources should be made to account for them.

According to him “the greatest problem Nigeria has is one of grand corruption; that is the biggest problem we have, not the problem of planning or plans; and grand corruption is the reason why we are not moving as fast as we should in our country.”

He said that, “there is no country in the world that can survive if its resources are stolen the way Nigeria’s resources are stolen”.

The Vice President noted that most of the issues raised by the Nigerians in Diaspora at the meeting around lack of energy, infrastructure, quality and extensive health care services, education and security can be traced back to the management of resources, while calling on Nigerian citizens to hold leaders accountable for the nation’s wealth.

The Vice President spoke and took over 30 questions at the town hall meeting in Berlin, described by many of the attendees as the first of its kind since 1999, when civil rule was restored in Nigeria.

Prof. Osinbajo stated that one of the key issues the Buhari’s administration was dealing with in partnership with European leaders now was the repatriation of the country’s stolen assets stashed abroad.

He added that the Federal Government was equally having conversations with European countries on the subject of migration of Nigerians to Europe.

He told the gathering that government was concerned about whole migration issue and has started negotiating with European countries.

He added that European countries can partner with Nigeria by investing in the country thereby discouraging the kind of migration of young people that is now prevalent. He was optimistic the challenge can be effectively addressed through Nigeria’s collaboration with its European partners.

Explaining Federal Government’s efforts at addressing unemployment challenges, the Vice President observed that a young population of about 60 per cent creates a yearly addition of about 1.4 million graduates to the unemployment market.

He, however, revealed that the Buhari administration is addressing the matter from several fronts such as the Federal Government employment of 500,000 graduates under the N-Power scheme, as well as through other social investment programmes like MarketMoni and TraderMoni.

Still on government efforts, he noted that, “one of the areas we are hoping to get employment is through agriculture.

What we have done with agriculture is we have given 760,000 farmers direct loans under the Anchor Borrowers scheme”; generating more interests among farmers especially in the North, which is where a lot of farming is going on.

Responding to the issue about the wild insinuation that made the rounds to the effect that the President died last year, Vice President Osinbajo told the audience, which included cross sections of Nigerians in Germany, Ambassadors of Nigeria to Germany, France, Italy, Switzerland and Belgium, that it was ridiculous for anyone to suggest that the President was dead.

He said it did not make sense to say the President died abroad and that no one knew.

Continuing, he said: “Is it possible that anyone will die here in Germany and no one will know he died and somehow he will be flown out quietly out of a country like England? I think it is just so absurd.

I think it is not something we should take half seriously. I think we should be properly informed.”

On health care delivery services to majority of Nigerians, Prof Osinbajo agreed on the need to extend good health care to all Nigerians, but he pointed out this can only be achieved through compulsory health insurance policy.

Underscoring the urgent need to develop a functional educational system, the Vice President announced that the Buhari administration was developing a robust education policy, saying “education is the basis of all we’re doing.”

In the next number of years by 2050, “we are going to be third most populous country in the entire world. So if we don’t get education right we are in deep trouble, it means if we don’t get our education policy right, we are going to have millions of young people out there doing nothing; nothing can be more dangerous than that.

“But if you look at our education policy and what we are trying to do a lot of it is technology based.

We are working on our curriculum with some technology institutions and companies like MIT, Oracle, Cisco, and quite a few, just to develop the curriculum.

The educational policy is what we call STEAM; we have added Arts to STEM and we are looking at how to deliver that policy in the cheapest and quickest possible way using technology.

“Part of our plans is to reconstruct 10,000 classrooms annually; it is not just to fix the structure, it also involves technology; to put technology into those classrooms to make sure we have the model right and we have so many countries that are interested in partnering with us”.

“Technology in my view is really the way to go; to expand our capacity to train teachers and to train them quickly and this is contained in our Next Level document”, he stressed.

On the ongoing strike by members of the Academic Staff Union of Universities (ASUU), the Vice President said negotiation between the Federal Government and ASUU was continuing and he expressed hope that an agreement can be reached with soon.

The Vice President is today headlining the Nigerian-German Business Dialogue in Berlin.

 

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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