Total, UNITAR Enters into New Agreement to Boost Plastic Recycling in Nigeria

SEATTLE (Scrap Monster):Total E&P Nigeria Limited and the United Nations Institute for Training and Research (UNITAR) signed a Special Purpose Grant (SPG) agreement, aimed at saving the environment by reducing plastic pollution. The agreement was signed in April at Lagos, Nigeria. Mr Vincent Nnadi, Executive General Manager, Corporate Social Responsibility, Total represented the company at the signing ceremony, whereas UNITAR was represented by Nikhil Seth, UN Assistant Secretary General Executive Director. As part of the agreement, an implementation committee managed by UNITAR will oversee the development of a full-cycle recycling…

Read More

MMM Stages Comeback! Nigerians Overjoyed

The Mavrodi Mundial Moneybox (MMM), a Ponzi scheme which almost ruined the lives of millions of Nigerians in 2017, is back. This time around, Sergey Mavrodi, is back with a new version known as MMM Cooperation and says it will give 50 percent return on any amount invested in it. This is new version operates like the previous version, where investors register, invest a sum of money in the form of giving help and getting help and receive interest after 30 months but this version gives more than 20 percent…

Read More

And here comes 5G…Is Nigeria ready for the Multidimensional Challenges?

The introduction of a new cellular generation is a delightful, and meaningful, event. The 1st generation introduced mobility. The 2nd generation [or: 2G] brought us into the digital world. The 3rd generation, in turn, introduced mobile data. And the 4th generation created the mobile broadband world in which we live today. Unlike previous generations, which took us a single step forward (though it was usually a very big one), the 5th generation takes us multiple steps in multiple directions. Enhanced mobile broadband (eMBB) applications are a big step forward in…

Read More

Ooni Empowers 1,000 Fashion Designers in Osun

The Ooni of Ife, Oba Adeyeye Ogunwusi, on Saturday empowered no fewer than 1,000 fashion designers and charged them to be hardworking in their chosen career. The Ooni gave the charge during the maiden edition of Ojaja Fashion Training Graduation  at his palace in Ile-Ife, Osun State. Oba Ogunwusi thanked God for giving him the grace to contribute his own quota to the progress and growth of the beneficiaries who were mostly youths. He condemned the rate at which crimes were increasing daily in the society, a situation he attributed to lack…

Read More

Court Okays Innoson On Its Execution of Judgment Against GTB

The Federal High Court, Awka Division on May 20th, 2019 refused to grant GTB’s prayers for orders staying or suspending the execution embarked by Innoson Nigeria Ltd; and to further set aside the Orders made by the court on 27th March 2019 granting Innoson Nigeria Ltd leave to enforce the judgment, issue processes for enforcing the judgment and levying execution- the Writ of Fifa against Guaranty Trust Bank. Recall that the Federal High Court, Awka Division on March 27th, 2019 granted leave to Innoson Nigeria Ltd to enforce and execute…

Read More

F.G overpays former Nigeria Airways staff

Investigation has revealed that some of the ex-Nigeria Airways workers whose payment of 50 percent pension and other severance packages commenced in October were credited twice. Also, no fewer than 79 of the supposed beneficiaries of the N45 billion severance packages were yet to be paid any amount of money by officials of the Presidential Initiative on Continuous Audit (PICA), a department in the Ministry of Finance which was mandated to disburse the sums to the former workers of the national carrier. Investigation indicated that no fewer than 100 beneficiaries…

Read More

WIZKID FOOD SEASONING HITS MARKET (PHOTO)

Nigerian pop star, Wizkid seems to have inspired a new seasoning flavour which has just hit the market. Recently Wizkid popularized the word “stew” – “everything stew” used to describe when a song an event or anything that is just very good or dope as the the case maybe. As seen on social media, a user tweeted Wizkid with photo of the used seasoning and Wizkid who seemed to be shocked and elated at the development quoted the tweet and replied – “Wowu 😂”. -InformationNigeria

Read More

WEMA Bank Now Safe Haven for Looters?

Talk of a financial institution that currently has the least integrity when it comes to money laundering and looting, then you won’t be wrong to mention WEMA Bank. The bank has drastically lost its integrity, having become a cheap safe haven for looters. Apart from WEMA’s normal banking activities which is marred by many irregularities and hidden fraudulent activities (some are exposed already), the bank has become a Mecca of sort for money launderers and crooked politicians. Despite previous efforts to turn the fortune of the bank around by its…

Read More

Netherlands: Shell sees Nigeria corruption trial lasting many months – memo

Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters. Shell’s Legal Director Donny Ching encouraged employees to study an internal web page that the Anglo-Dutch company set up for the case before responding to questions from relatives and friends. Shell and Italian peer Eni ENI.M are defendants in a Milan bribery trial, now in its early stages, focusing on the 2011 purchase…

Read More

Fidelity Bank, BOI, Ford Foundation Unveils Lending Scheme For Aba Leather Manufacturers

• Lender Donates Fully Equipped Secretariat To LEPMAAS Fidelity Bank Plc, top Nigerian lender in strategic partnership with the Bank of Industry (BoI) has launched the Aba Finished Leather Goods Cluster Financing Programme, as part of continuous efforts to promote Made-in-Nigeria goods capable of meeting global standards for export and local consumption. N400 million in financing provided by BoI will be made available on a quarterly basis to over 300 members of the Leather Products Manufacturers Association of Abia State (LEPMAAS). The funds will be disbursed through the Fidelity Bank…

Read More