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FirstBank Partners Junior Achievement Nigeria to Implement 22nd National Company of the Year Competition

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First Bank of Nigeria Limited has partnered with Junior Achievement Nigeria to implement the 22nd National Company of the Year (NCOY) competition which will be held on Thursday, 13th October 2022.

 

The annual flagship event which was last held physically in 2019 will bring together 12 winning student companies from the Regional Company of the Year competition to compete for the National Company of the Year award sponsored by First Bank of Nigeria Limited. The winner of the National Company of the Year competition will proceed further to represent Nigeria at the Junior Achievement Africa’s Company of the Year (ACOY) competition.

 

The goal of the Junior Achievement Company Program is to inspire senior secondary school students to start and run their own business(es), develop a product or service, and market their brand. With the support of seasoned volunteers, students come together to form a company, choose a business name and elect company officers to oversee the operations of the company for the program duration. These activities help them hone some in-demand skills like creativity, accountability, teamwork, leadership, problem-solving, critical thinking and public speaking needed to succeed in this competition and thrive globally. In the end, the student companies present the results of their enterprise before a panel of judges.

 

The judges for this year’s competition are: Osayi Alile -CEO, Aspire Coronation Trust(ACT) Foundation; Molade Adeniyi -CEO, Wave; Nneka Itabor, Head, Transaction Banking Sales, Commercial Banking, FirstBank; Afolake Oredola, Business Manager, Commercial Banking, FirstBank; Uchenna Achunine, Director, Business Development and Communications, Nigerian Conservation Foundation (NCF); David Adegboyega – Sound Character Coach & Nation Builder; Femi Iromini – Co-founder/CEO Moni Africa.

 

According to the Executive Director, Junior Achievement Nigeria, Foluso Gbadamosi, she stated:

 

“We are glad that the National Company of the Year competition will once again be held physically after 2 years of being virtual. We are eager to see the tremendous business solutions and enterprises that our young leaders have doggedly built. More than ever, it is extremely important to equip young people for a global economy and we are grateful to selfless minds in the form of people and organizations who have partnered with us on this mission. We celebrate our sponsors, First Bank of Nigeria Limited for their continual support in building young leaders and we say a big thank you to every friend and stakeholder of JAN.”

Folake Ani-Mumuney, FirstBank’s Group Head, Marketing & Corporate Communications said “we commend Junior Achievement Nigeria for organizing the 22nd edition of the National Company of the Year Competition, a competition that has been impactful in promoting the entrepreneurship skills, spirit and talent innate in school children, whom are unarguably the leaders of tomorrow.

Our sponsorship of the National Company of the Year competition aligns with our FutureFirst initiative driven to promote financial literacy, entrepreneurship and innovative development and career counseling of school children at an early age. We are excited to be part of the entrepreneurship journey of all representatives of the participating teams and we wish everyone the best”, she concluded.

The 12 student companies competing at Junior Achievement Nigeria 2022 National Company of the Year are:

 

  • Green Apex student company from International School, University of Lagos; produced a biodegradable sanitary pad for women
  • Champion Squad student company from Taidob College, Asero, Ogun State produced the wearable totes made from a revamping process of used clothes with creative and fashionable local adire
  • Nexus Queens Creation student company from Queens School, Ibadan developed a Decorative led lamp structured with 80% carton. 
  • Octagram student company from Redeemer’s Int’l Secondary School, Rivers State developed a Gas detector which alerts users about leakages and Honey candy that aids digestion, heals sore throat and reduces cholesterol
  • Amazing Explorer student company from Government Secondary School, Tundun, Wada, Jos developed a pig dung, a renewable energy product that produces methane gas which when connected to a burner produces the required energy for cooking and a free energy generator produced from scrap materials.
  • Unique Standard Technology student company from Unique Standard Academy, Kaduna, developed an Infinity DC Generator
  • Kundila Energy concept student company from Government Arabic Secondary School, Kundila, Kano, developed the Kmasgas
  • Government Science and Technical College, Garki, Abuja developed Interlocks
  • Peace Elshadai Model Academy, Auta Balefi, Nasarawa developed a laptop power bank
  • Top Faith International Secondary School, Akwa Ibom developed a Vacuum cleaner
  • De Perficient student company St. John’s of God Secondary School, Enugu developed Verso bot(a robot)
  • The straw recyclers company, from Special Education School, Tudun MALIKI (School for the blind and Deaf) used abandoned straw and take away plastic spoons from the garbage and recycled them into different home accessories: bags, doormats, home decorations, tissue papers containers, coin purses and more.

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Appeal Court Exonerate Zenith Bank, Upturns High Court Judgement Slam Fine on Real Integrated & Hospitality Limited

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After several months of legal tussle between Zenith Bank Plc v Real Integrated & Hospitality Limited and State Universal Basic Education Board (SUBEB) Gombe State, a three-man panel in the Court of Appeal sitting in Lagos led by Justice Muhammed Sirajo in Appeal No:CA/LAG/CV/262/2022 – have unanimously upturned the Lagos State High Court judgment of Justice O. O. Abike-Fadipe over claims that; on March 8, 2022, there was a breach of contract because on October 7, 2011, Zenith Bank refused Real Integrated to withdraw from its Account No. 1012465427.

 

In her judgment, she directed Zenith bank to pay an interest of 15 per cent per annum on the N872,780,522.84 from May 17, 2011, when the advanced payment guarantees expired till judgment and thereafter at the rate of 10 per cent per annum until final liquidation

 

Through Zenith Bank’s team of counsel led by Prof. Fabian Ajogwu, SAN and Mr Sylva Ogwemoh, SAN, the bank challenged Justice O. O. Abike-Fadipe’s decision of awarding N2,500,000 as the cost of the action in favour of Real Integrated. The legal team via valid argument backed by proofs argued and sought an order setting aside the lower court decision on the ground that it acted in full compliance with its contractual obligations in line with the Advanced Payment Guarantee (APG) contract and that the trial court was wrong. The Court of Appeal, in a unanimous decision on November 23, agreed with the bank’s submission and resolved all the issues raised in its favour. It was gathered that; the 1st Respondent, through its Counsel, E.O Jakpa, argued that the bank breached the contract while SUBEB Gombe State did not contest the Appeal.

Apart from the appellate court setting aside the judgment of Justice Abike-Fadipe, the judge also awarded a cost of N200,000 against Real Integrated & Hospitality Limited and in favour of Zenith Bank. The appeal court further stated that the lower court judgment was upturned on the ground that the trial court was wrong to have presumed that the bank withheld the full account statement of Real Integrated in the light of Exhibit C6 (the comprehensive Statement of Account of Real Integrated), which was tendered by the bank for a limited purpose, adding that there was no need for the lower court to have invoked Section 167 (d) of the Evidence Act, 2011 against the bank.

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Power of Prayer as Apostle Suleman Raises Boy from Dead in Benin City

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Few days ago, another shocking testimony of God’s healing power was made in Benin City, Edo State, Nigeria. Popular servant of God, Apostle Johnson Suleman, prayed life into the unconscious body of a five years old boy.

 

Judging from the two-day ‘Mighty Turnaround’ crusade, the manifestation inspired believers. Normally, when a person has been declared dead for half an hour, doctors give up. But, according to the Scriptures, that was just when Jeremiah was called to pray. Jeremiah prayed and the lifeless man’s heart began to beat and he came back from the dead. That was the lot of the lucky boy, whose life Apostle Suleman spoke to and revived.

 

So, how did he make that happen? ‘It is the power of prayer,” the ‘Restoration Apostle’ enthused in his sermon. He continued; “It’s really as simple as that. And we have a testimony that the miraculous experience is having great effects on believers, it has raised people’s faith levels.”

 

Sources from the Benin City crusade said that the experience really raised people’s expectations “because they saw God move”.

 

According to Apostle Suleman in one of his recorded prayer services, “the power of prayer seeking God’s intervention in human’s affairs was seen most dramatically when God raised Christ from the dead. The resurrection was something the earliest followers of Jesus experienced as a real, historical event. This shows that the very power that raised Jesus from the dead is still available to us and we get it when we ask God in prayer. We ask Him and He helps us with power that exceeds our comprehension and expectations.”

 

The Benin experience was not Apostle Suleman’s first, but it has continued to stay on the front burner, given the surge of testimonies that followed the service. 

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Crude oil theft: Pyrates demand sack of CDS over burning of vessel

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The National Association of Seadogs, Pyrates Confraternity in a renewed call to President Muhammadu Buhari to revisit the burning of MT Deino has demanded the sack of the Chief of Defence Staff, General Lucky Irabor.

The burning of the vessel by the Nigerian Navy after its arrest had elicited controversy and polarised stakeholders.

In a press statement titled ‘General Irabor’s Ignoble Defence of Impunity’, the NAS Capoon, Mr Abiola Owoaje described Irabor’s defence of the vessel outside the ambit of the law as unacceptable.

“The National Association of Seadogs (Pyrates Confraternity) considers this defence of official impunity by General Irabor as unconvincing and defective. The reference to ambiguous and spurious “rules of engagement” is an untenable and unacceptable defence of the destruction of potential criminal exhibits and an illegal conflation of the roles of accuser and judge. It is worth emphasising that General Irabor has not made reference to any known law of the land which confers on the military the power to destroy vessels arrested for oil theft arbitrarily,” he said.

 

PYRATES

PYRATES

 

Owoaje, who pointed out that all officers of the armed forces involved in the burning have violated Section 111 of the Armed Forces Act said the “hasty destruction of MT Deino and its cargo raises more questions than provides answers and has fuelled widespread fear of official collusion with the criminals engaged in oil theft”.

While pointing out that the burning of the vessel with the stolen crude oil has added to the environmental degradation of the Niger Delta region, he stressed that Irabor can no longer be trusted with the war against oil theft.

According to him, relieving Irabor of his duties as CDS would allow investigation into circumstances surrounding the burning of the vessel unhindered.

Owoaje also supported the idea of building a tank farm to store seized stolen crude which can be sold on court orders to save the environment and generate more income for the government.

He said the case of burning of the vessel presents an opportunity for the government to demonstrate its seriousness to fight oil theft because “Nigerians would not accept anything less.”

The statement reads in part, “The National Association of Seadogs (Pyrates Confraternity) therefore demands that President Muhammad Buhari revisit the issue of the burnt vessel by removing General Irabor as CDS. His defence of illegality perpetrated by officers under him portrays him as someone who can no longer be trusted in the war against oil theft being waged by the Federal Government. His removal from office would ensure a probe panel to be set up to investigate the circumstances surrounding the actual burning of the vessel works unhindered to identify all the officers who were involved in the act for prosecution. We also seek full public disclosure of investigations into the identity of the owners of the vessel and immediate prosecution of the Captain and the crew of MT Deino to demonstrate the seriousness the Federal Government attached to the fight against crude oil theft.

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