Friday, September 30, 2022
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Photos: Akmodel Groups M.D/CEO Honoured With A Prestigious Doctorate Honorary Award


There is a saying that goes thus: “Give honour to whom honour is due.”

This aptly describes what happened when Builder Abdulhakeem Odegade, the Managing Director/Chief Executive Officer of AKMODEL GROUPS played host to delegates from The Chartered Institute Of Public Resources Management and Politics, Ghana who paid him a courtesy visit today, Tuesday 27th in his office at Ibeju-Lekki, Lagos.

The main point for the visit was to bestow on him a prestigious award based on his antecedents in the real estate industry.

The Chartered Institute Of Public Resources Management and Politics, Ghana which is a citadel for African citizens, public institutions, and political development professionals was ably represented by: Dr. Richards Kpoku-Aquarte, Executive Director West Africa Region, Dr. Ani Freeman – Executive Director, Corporate Strategy, Training and Research, and Mrs. Victoria Sadiq – Executive Director, Correspondence And Administration Nigeria Office.

Bldr. Abdulhakeem Odegade was bestowed with a *Doctorate Honorary Award As A Most Distinguished Fellow Of The 2021/2022 Hall Of Fame.*

Dr. Richards Kpoku-Aquarte who spoke on behalf of the team said they have been following Bldr. Odegade’s success story and his progress since he came into the industry were based on productivity, performance, and delivery of quality services and they were impressed with his modest but commendable achievements.

Builder Odegade, a top-notch in the real estate industry who himself is the proverbial *Golden Fish That Has No Hiding Place*, is not new to receiving awards. He welcomed the August visitors wholeheartedly while humbly receiving the award.

He said he is quite happy and elated to receive the award not knowing that he is being watched, he reiterated the fact that once someone is recognized and appreciated for whatever input they are doing in society, it becomes a wake-up call to do more and not to rest on one’s oars.

After the investiture, Builder Abdulhakeem Odegade officially became *Dr. (Bldr) Abdulhakeem Odegade.*

AKMODEL Groups are into Sale of Properties, Building and Construction, and Agriculture.

See more pictures below;

Collated For: SOLIN MEDIA

NNPC: Mele Kyari Will Attend Africa’s Oil Week.

NNPC Mele Kyari

Nigerian National Petroleum Company Ltd. (NNPC) Group Chief Executive Officer Mele Kyari is in attendance at Africa Oil Week.

NewsReport that the Nigerian national will take part in a panel discussion at AOW, which will take place right in the middle of Cape Town. This must-attend conference, organized by Hyve Group Plc., will bring together the world’s top energy stakeholders from October 3–7 in Cape Town under the topic Sustainable Growth in a Low Carbon World.

As a panelist on the topic “Natural gas and the African continent: How can Africa bridge the regional and global energy shortage using natural gas prospects as a transition fuel,” Mr. Mele will participate in the conversation.

Investments in the oil and gas sector are crucial for easing the domestic gas utilization issues in Nigeria. Gas utilization as a transition fuel will help grow the economy and help to bridge the energy gap. Investments in its oil and gas sector are needed to fast-track Nigeria’s energy transition plan.

Only at Africa Oil Week – Home of the African Upstream – can you harness new business opportunities, witness hard-hitting discussions, and connect with industry peers
The global energy crisis has highlighted the need for a more secure and diverse supply across the world. In sub-Saharan Africa, continued energy challenges act as a severe constraint on overall development, gas has been identified as a potential solution but what are the real opportunities?

Natural gas is expected to be the main source of our future energy, with its greatest advantage being that it creates half the carbon dioxide emissions of coal. The lower prices of renewables and their quick installation, while limiting emissions in the short term, make it an attractive option for stabilizing the path to renewables. Natural gas is one of the most affordable and reliable sources of energy, and systems that impact energy security are in need of innovation.

With lower carbon emissions, natural gas is a potential option for a renewable and efficient energy supply. In countries throughout Africa, renewables are key to promoting natural gas as a resource. As a recent UN report has stated, biomass, coal, oil, and other fuels will not be enough to power Africa’s future.

Mr. Mele will be joined by the following panelists:

Benoit de la Fouchardiere, Group General Manager, Perenco
Eberechukwu Oji, CEO, ND Western
Nina Koch, Head of Africa, Equinor
Ademola Adeyemi- Bero, Managing Director, First E&P
Sop Ideriah, Managing Director Nigeria & West Africa Countries, Schlumberger
Only at Africa Oil Week – Home of the African Upstream – can you harness new business opportunities, witness hard-hitting discussions, and connect with industry peers. Register for the event helping to power the sustainable growth of the African upstream. Secure your place today

Experts Anticipate higher rates as CBN has its MPC Meeting.


Some stakeholders predict a rise in policy rates as the Central Bank of Nigeria (CBN) convenes its Monetary Policy Committee (MPC) and announces its policy choices today.

NewsReport that this is against the backdrop of a global trend in monetary policy, which has seen the Bank of England and the American Central Bank (The Fed) raise their Monetary Policy Rates (MPR).

All other interest rates in the financial sector are influenced by the MPR, which serves as a benchmark rate.

The MPC had raised the MPR by 100 basis points from 13 percent to 14 percent in its last meeting in July.

The July increase represented the second consecutive hike in the MPR within two months.

The committee had in May, and for the first time since September 2020, increased MPR by 150 b

subsisting rates as past rate increases had not tamed inflation.

“Though I expect that they may further raise rates, my advice to the MPC will be that they hold rates.

“We have raised rates by 250 basis points in the last two meetings but inflation has surged further.

“This means that our inflation is not tightly linked with interest rates and may recede in its own time.

“Ours is a bit of a carryover from the COVID-19 era of production shut down and imported inflation because our economy is dependent on foreign ones battling inflation presently,” he said.

Sterling Positions For Expansion With New Structure

Lagos, Nigeria, 27 September 2022:  With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholders.
According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon final ratification by the regulators, the commercial banking subsidiary of the holding company, Sterling Bank; will continue to operate with its current name as a limited liability company, with shares transferred from the publicly traded company transferred to the newly formed Sterling Financial Holdings Company.
At a recently held court-ordered meeting where the resolution was approved by the bank’s shareholders, the chairman of the bank’s board, Asue Ighodalo, said, “Following the implementation of the scheme, shareholders will exchange their shares in the Bank for shares in HoldCo in the same proportion as their current holdings in the Bank, which will be a regulated entity for CBN purposes.”
The Chairman added that the scheme would provide several benefits to the shareholders of the Bank, some of which include facilitating diversification into other permissible business lines, thereby promoting growth and enhancing shareholder value and facilitating a consolidated financial strength of the group, which will improve access and ability to raise capital.
According to Chief Executive of Sterling Bank, Abubakar Suleiman, the advantages of the newly formed holding company include value creation to maximize earnings through new businesses, agility to optimize for opportunities and adapt to a rapidly changing market, maximize current and future talent potential with opportunities within the group and subsidiaries to nurture and engage its wealth of young and innovative talent.
The holding company also affords Sterling another opportunity to leverage its successful HEART strategy, which has seen the bank make consolidated investments in the Health, Education, Agriculture, Renewable Energy, and Transportation sectors, growing the company’s year-on-year profits to record highs despite strong economic headwinds.
With the adoption of a Holdco structure, Sterling now possesses the latitude to make inroads into other sectors within financial services, such as pensions, asset management, payment services, real estate, and different verticals, along with the current banking licenses held by the commercial and non-interest banking subsidiaries, Sterling Bank and The Alternative Bank.
In recent times, the bank has doubled down on digitization with specialized products through the development and introduction of Specta, OneBank, I-invest, Gazelle, and Omni X to fulfill the market’s needs for innovative retail and commercial banking solutions.
A holding company, or Holdco, is a company set up for the purpose of making and managing, for its own account, equity investment in two or more companies, being its subsidiaries, engaged in the provision of financial services, one of which must be a bank.

See the moment Wizkid shakes and waves to street fans from his car.


Wizkid shouted to some of his supporters to offer them some love, and one ecstatic fan wouldn’t let go, while he was being driven away.

NewsReport that the afrobeat superstar called out to them and they were thrilled to see him. It was a brief moment of exchanging warm pleasantries which almost led to a minor accident as one of them refused to let go of his hand as the car rolled on.

They were all excited and kept shouting Starboy. Starboy. Starboy. But for the help of a bodyguard, Wizkid may have had to “leave a hand behind”.

75-year-old grandpa, others arrested for illicit drugs


A 75-year-old grandpa, Usman Bokina Bajama (alias Clemen) tops the list of 22 suspects arrested in operations across seven states by operatives of the National Drug Law Enforcement Agency, NDLEA, during which One Million One Thousand Three Hundred and Eighty-Seven (1,001,387) bottles/capsules of banned new psychoactive substance, Akuskura and tramadol as well as 2,536 kilograms of cannabis were seized and over 10 hectares of its farms destroyed in Edo and Adamawa.

This information is contained in a statement signed by NDLEA spokesman, Femi Babafemi and made available to the National Association of Online Security Reporters, NAOSRE.

According to the statement, the septuagenarian was arrested in the early hours of Tuesday 20th September at Anguwan Sate, Mararraban Tola, Mayo Belwa council area of Adamawa where he had a cannabis plantation from where 49kg of the illicit substance was recovered.

In Kwara, at least 19,878 bottles of the banned new psychoactive substance, Akuskura were intercepted by NDLEA operatives along the Ilorin-Jebba highway on Wednesday 21st September and two suspects: Oladokun Oluwaseun, 49, and Ibrahim Jimoh,27, arrested. They claimed the consignment packed in 35 jumbo sacks was loaded in Ibadan, Oyo state, and meant for distribution in Jos, Plateau state. Earlier, two suspects: Ukoro Ifeanyi, 46, and Idowu Toyosi, 20, were arrested with 2,290 capsules of tramadol and 100 bottles of codeine-based syrup at Mararaba park, Ilorin. The drugs were brought in from Onitsha, Anambra state.

In Lagos, NDLEA operatives acting on credible intelligence intercepted a Volvo truck loaded with 2,146 kilograms of cannabis in the Sangotedo area of Ajah, and three suspects: Abdulazeez Rasheed; Afeez Raheem, and Moshood Suleiman arrested.

At least, 979,119 capsules of expired pregabalin weighing 733kg were recovered from Musbahu Ya’u, 28, and five others in the Dansarai area of Kano, while in Enugu, 197.8kg of cannabis was recovered in a store at a new market, Enugu on Tuesday 20th Sept.

In the same vein, 117.7kg of the psychoactive substance was intercepted along the Okene-Abuja expressway in a truck coming from Lagos to Abuja.

In Edo state, six cannabis farmers were arrested when NDLEA operatives stormed their farms at Chigbite, Utese forest in Ovia North East LGA and Ekudo forest, Uhunmonde LGA, where over 10 hectares of cannabis plantation were destroyed and more than 193kg of the processed illicit substance seized. Those arrested include David Hanson; Ufuoma Progress; Marvelous Armstrong; Marvelous Efe; Joshua Abubakar and Elijah Abubakar.
Meanwhile, anti-narcotic officers at the Murtala Muhammed International Airport, MMIA, Ikeja Lagos have arrested two freight agents over attempts to smuggle 26.20kg of cannabis concealed in cereal packs through the SAHCO shed for export to Dubai, UAE.

The consignment was abandoned at the shed before the airport security transferred it to NDLEA.
Further investigation by the Agency led to the arrest of Olatunbosun Damilola Abimbola, 34, who works at Ashadox Logistics Services, a cargo company on Friday 23rd Sept.

He confessed to the crime but stated that he acted on the instructions of his Managing Director, Oloyede Shakiru Abiola, who was promptly arrested.

The 40-year-old indigene of Ibadan West Local Government Area of Oyo State stated that due to the strict security measures put in place by the NDLEA, he was forced to abandon the cargo to avoid being detected.

Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) commended the officers and men of Adamawa, Kwara, Lagos, Kano, Enugu, Kogi, Edo, and MMIA Commands for their resilience, while charging them and others across the country to remain vigilant and committed to the collective goal of saving Nigeria from the drug scourge.

Benin Monuments will be Shipped to Nigeria by Germany


Germany is planning to send hundreds of bronze busts from the former Kingdom of Benin, which was situated in what is now southwest Nigeria, back to its original location. The statues are currently on display at the Berlin Ethnological Museum along with a wide variety of other artifacts.

Benin statues on display in the Humboldt Forum
Located in the East Wing of the Humboldt Forum, the Ethnological Museum of Berlin holds an eclectic collection of artifacts and art from places as diverse and far-ranging as the Sepik River in New Guinea, the Pacific Coast of North America, Hawaii, Mesoamerica, and Africa. NewsReport

Artifacts from the Kingdom of Benin, an old kingdom within what is now Nigeria and one of the African cultures represented in the museum, are currently on display across two rooms in the Forum. Benin artwork is often characterized by distinctive bronze statues, thousands of which can be found in museums around Europe, after being looted by the British at the end of the 19th century.

Around 530 artifacts from the Kingdom of Benin are currently being held in the museum in Berlin, including around 440 bronzes. Two thrones and a bust of a Benin monarch, which once adorned the royal palace in Benin City, are also included in the collection. This collection is considered to be the second largest in the world, only behind the British Museum in London.

Germany to return Benin artifacts to Nigeria
The Prussian Cultural Heritage Foundation (SPK), which owned the museum’s collection, has transferred the property rights for the collection to Nigeria’s National Commission for Museums and Monuments (NCMM). Most of the artifacts will soon be returned to Nigeria, where the construction of a museum in Benin City to house the pieces is being planned. Around a third of the artifacts will remain in Germany for a loan period of 10 years; 40 of them will remain on display, while the rest will be studied by researchers.

Germany has faced criticism in recent years over the origin of its museum collections, a lot of which include artifacts stolen during the colonial era. This was amplified after the initial opening of the new Humboldt Forum, which is in the Berlin Palace. The palace itself was the former residence of the House of Hohenzollern, which ruled Germany during the colonial era.

Taking responsibility for colonialism
The return of Benin artifacts is just one in a series of attempts made by Germany recently to make up for its colonial past. In May last year, Germany recognized the genocide it committed in Namibia, and pledged more than 1 billion euros to support infrastructure projects in the southern African country. 23 artifacts were also recently repatriated to Namibia. “When it comes to colonial injustice, I think we’re on the right path,” said Hermann Parzinger, president of the Prussian Cultural Heritage Foundation, according to DW.

Other countries have also committed to returning stolen artifacts, with France returning 26 Benin artifacts to Nigeria at the end of last year. Pressure is growing on museums around Europe to follow suit, particularly the British Museum, which houses around 700 Benin bronzes, and a vast collection of artifacts from countries all over the world.

Why Nigeria must Prioritize Grassroots Development to Achieve Greatness


Tobi Amusan, the current holder of the women’s 100-meter hurdles world record, thinks that quality training and grassroots development initiatives can help the nation produce more world-class athletes.

NewsReport that peaking in Lagos at a banquet organized in her honor by the entertainment company The Plug, dubbed “Tobi Amusan’s Homecoming,” she attributed the departure of great athletes from Nigeria to other nations to the benefits such countries provide for sportsmen.

“Grassroots sports development is something we lack here and the reason we often lose our top athletes to other countries of the world.

“From my experience training in the United States, if we can have such development here, we can groom young talents and unearth more Tobi Amusans,” she said.

On the recent ratification of her record by World Athletics, Amusan said: “That my world record was ratified by the world body means that I am drug-free and that I am clean. I feel great about it. Every time I am on the track, my eyes are always set on how to win and I execute it by winning.”

She also spoke on the recent reception by the Federal Government, saying, “It is a great feeling that we were recognized by the president of the Federal Republic of Nigeria. In as much as we did the work, it was an honour that they took into account and they recognized the fact that we did the nation proud. It is such a great feeling getting the national honor.”

She acknowledged the support she got after her world record feat, with her followers on Twitter rising from 3000 to 150,000 under 24 hours, saying it showed that people appreciate what she is doing.

On the criticism by men’s 400 meters world record holder, Michael Johnson, after her record-breaking race in Oregon, U.S, Amusan said she was not bothered. “Honestly, I kept doing my thing because, after the World Championships, I had other competitions to attend. I don’t dwell on negativity… I look on the bright side of the sport.”
At the event, Flutterwave, which used the occasion to declare it has signed a multi-year partnership deal with Amusan, said: “It is very difficult to find athletes who embody our core values the way Tobi does.”

Plug Sports, a leading Nigerian-based sport management company owned by The Plug, currently manages Amusan and operates as a division of The Plug Entertainment, and a subsidiary of The Plug.

The sporting division of The Plug Entertainment led by Lanre Vigo currently manages sports personalities that include Henry Onyekuru, Asisat Oshoala, and Clement Ugah.

See how Nigerian Pharmacists can Strengthen the Country: PSN


The Pharmaceutical Society of Nigeria, PSN, stated the potential of Nigerian pharmacists can be exploited to alter the struggling Nigerian economy and help set the country on a recovery road. This year’s World Pharmacists Day has as its theme: “Pharmacy United in action for a healthier world.”

In a presentation made to commemorate the occasion, the PSN stated that the pharmaceutical industry is worth approximately $1.42 trillion globally and that in some nations, it is worth more than the annual budget of Nigeria. It went on to say that if Nigeria’s pharmaceutical industry is given the proper attention and nurturing, it will be better positioned to take advantage.

“We observed that in the last five years, almost 5,000 Pharmacists have emigrated to Canada and the UK for greener pastures just like all other healthcare workers and indeed new generations of Nigerians. Of the about 50,000 Pharmacists produced in Nigeria, less than 20,000 practice in the country, meaning that well over 50 percent of Nigerian Pharmacists practice abroad.

The PSN also stressed that a Pharmacoeconomic colloquium was imperative. “An economic forum comprising leaders of Pharmacy in the private and government levels on the one hand, and on the other, all government ministries, departments, and agencies involved in economic planning, forecasting, and implementation. This should be geared toward developing a national master plan for a pharmacy sector revolution to generate exponential revenue by harnessing the abundant potential of the sector.”

On how pharmacists can help transform Nigeria, the PSN said the involvement of pharmacists will ensure a healthy populace. “The bottom line of the intervention of pharmacists is to improve people’s quality of life. Studies show that when pharmacists are involved in patient care, medication errors are drastically reduced, patients spend less money and time in the hospital, the risk of death and disability is minimal and a healthier workforce is guaranteed for the nation.

“It is on record that billions of dollars were saved for the US economy through the activities of pharmacists. Think of what a billion dollars can do for Nigeria.

“There has been neither mention nor commendation of pharmacists for the yeoman’s job they did during the COVID-19 pandemic. The undocumented interventions of Community Pharmacists helped the populace immensely and the coverage rate was estimated at about 54.5 percent by the PSN research unit. Community Pharmacists even at the risk of their own lives intensified wellness strategies by ensuring that Nigerians had access to medications.”

The PSN also noted that their members can also provide leadership due to their rigorous training prepared them to take on various challenges.

“Pharmacists have been known to excel in other fields including banking, telecoms, InfoTech, Management, Journalism, Logistics, Politics, etc. One, therefore, wonders why the Ministry of Health is fighting against a bill from the National Assembly seeking to open up the headship of Federal Health Institutions to other professionals and break the monopoly of leadership by Medical doctors under whose watch by the way Nigeria’s health indices have worsened progressively over the last few decades.

“A few pharmacists have given Nigeria a glimpse into the leadership potential of Nigerian pharmacists. These include Julius Adelusi Adeluyi, Dora Akunyili, Fidelia Njeze, Danbaba Suntai, Sadiq Umar, Hamza Sakwa, Matthew Urhoghide, and others who have served as Governors, ministers, directors general, legislators, etc from as far back as 1975. If pharmacists can handle these positions, they can also handle the headship of federal health institutions and other responsibilities.

“With proper incentives from the government, local drug manufacturers can improve tremendously. Medicine security is an issue in Nigeria, with a significant amount of medications used in Nigeria being imported. With local manufacturing, drugs will be cheaper, more available, and better controlled with less capital flight, even earning forex via export.

“The Federal Government has taken a good step in this direction by inviting local manufacturers to bid for the production of medications used in the country’s health insurance but much more needs to be done. Of course, increase manufacturing means more employment opportunities and a reduction in the problem of unemployment.

“The discovery of artemisinin contributed enormously to China’s economy because apart from investing in R&D, the government also gave diplomatic backing to the product resulting in a global acceptance and adoption of Artemisinin Combination Therapies ACTs as the mainstay in malaria treatment.

“The National Institute for Pharmaceutical Research and Development, NIPRD a brainchild of PSN has been involved in the development of original molecules and medication for several conditions especially Nicosan for Sickle Cell Anemia. Many herbal remedies exist in Nigeria, with some herbalists possessing original, unique, and efficacious formulas for treating a variety of ailments. Some extremely rare ancient knowledge handed down to generations of herbalists has been lost because there was no platform transforming them from the crude often undocumented forms to modern forms.

Being well-educated professionals and very close to the people in their communities, pharmacists are available to mentor the impressionable and guide youths to make good choices. The pharmacist is a general practitioner trained to do what he can and refer appropriately for what he cannot or is not supposed to do. Many lives have been saved because the pharmacist, who is often the first port of call for patients recognized conditions of varying severities and dispatched them to specialists with covering notes.

The PSN maintained that strengthening the role of Pharmacies as primary healthcare providers will help bring some order to our health system.

“One of the greatest challenges bedeviling Tertiary Health institutions in Nigeria, apart from the overwhelming number of clients and a small number of medical personnel is the fact that over 60 percent of their patrons have minor issues like malaria and others that can be effectively managed at the primary level. This means that those with more serious, life-threatening issues wait longer to see the doctors as they contend with others with minor ailments and may even collapse before it gets to their turn.

The PSN said that as pharmacists worldwide celebrate world pharmacists day (September 25), Pharmacists in Nigeria once again engage in several activities across the country to call attention to the amount of work they do and the enormous potential in the sector. In the past, Pharmacists and the Pharmacy profession were often overlooked when health issues were discussed or planned in just about every level of our national lives. This was despite the huge work being done and the greater difference that can be made with greater involvement. Today, it is not much different but one or two heads of government agencies have expressed willingness to partner with pharmacists and the results are rewarding. An example is a partnership with the NPHCDA.

The PSN said to celebrate World Pharmacists Day, the society will be engaging in a wide range of activities including health outreaches, rallies or walks, radio and TV programs, symposia or seminars, etc to continue to educate and sensitize the public on health issues, create awareness of the duties and functions of pharmacists, encourage the populace to take advantage of and get more from their pharmacists, and show leaders of government agencies how pharmacists can help improve the country’s health indices and hopefully drive policy changes, among others.

This year’s World Pharmacist’s Day theme is Pharmacy United in action for a healthier world.

2023-Who will be the Next Nigeria President?


Pastor William Kumuyi, the general superintendent of Deeper Christian Life Ministry, has stated that he has not received any revelation from God on the identity of Nigeria’s future president.

NewsReport gathered that he pledged to announce who will be Nigeria’s next president as soon as he heard from God. This is what Kumuyi said at a press conference he gave to the media in Minna on Saturday at the Global Crusade with Kumuyi (GCK), which had the subject “God of All Possibilities.”

“I cannot tell you a lie. God has not shown me anything. He has not found it fit to tell me. He does not tell everybody, everything. Who am I to tell God, why haven’t you told me about the next President? When he tells me, I will come and tell you.”

The General Superintendent said only dialogue would resolve the impasse between the Academic Staff Union of Universities (ASUU) and the Federal government and take the students back to school adding that going to court, issuing threats, and having a series of protests are not the solution. “The university needs to look at what the government is saying, what is their abilities, what can they do while the government should look at what ASUU is saying, what are they asking for, their rights, and how to meet that right. What is needed in this case is to look at how they can adjust to each other and look for ways of fulfilling it,” he said.