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SUNDAY VANGUARD, APRIL 28, 2019, PAGE 3<br />
I don’t know<br />
how banking<br />
innovations<br />
<strong>go</strong>t into my<br />
head<br />
— Balogun,<br />
founder, FCMB<br />
By Akoma Chinweoke<br />
Otunba<br />
Michael<br />
Olasubomi Balogun,<br />
founder of FCMB<br />
Group <strong>and</strong> Olori Omooba<br />
of Ijebul<strong>and</strong>, has attributed<br />
his outst<strong>and</strong>ing<br />
success story in life <strong>and</strong> the<br />
country’s banking sector in<br />
particular to divine intervention,<br />
insisting that he<br />
just could not explain how<br />
great banking innovations<br />
<strong>go</strong>t into his head.<br />
The business icon, who<br />
disclosed this in La<strong>go</strong>s in<br />
an interview, said he was<br />
still amazed at his achievements<br />
<strong>and</strong> would remain<br />
grateful to God for making<br />
him strong <strong>and</strong> articulate<br />
even age 85 plus, adding<br />
that, day-after-day,<br />
there was a strong conviction<br />
that he had a duty to<br />
devote the rest of his life to<br />
service of God, <strong>and</strong> always<br />
do things that add significant<br />
value to humanity.<br />
Speaking on how he became<br />
successful , the Olori<br />
Omo-oba of Ijebul<strong>and</strong>, who<br />
has reached an altitude in<br />
life that is continuously<br />
shaping his attitude of gratitude<br />
to God, had this to<br />
say:<br />
“This is what made me,<br />
in addition to divine intervention.<br />
At a point in time,<br />
the <strong>go</strong>vernment of this<br />
country decided to set up<br />
indigenization whereby all<br />
foreigners would sell their<br />
shares to Nigerians, 40<br />
percent, 60 percent or the<br />
whole <strong>and</strong> we required an<br />
issuing house to do it at<br />
the Stock Exchange. I had<br />
gained some fame in selling<br />
UAC. “<br />
*Full interview next week.<br />
L-R: Globacom's Executive Vice Chairman, Mrs. Bella Disu, <strong>and</strong> Account Director, CNN<br />
International Commercial, Zara Driss, cutting the 10th anniversary cake of African Voices,<br />
exclusively sponsored on CNN by Globacom at a cocktail party held at Sky Lounge, Eko<br />
Hotel at the weekend.<br />
NUC unveils <strong>go</strong>vernance structure<br />
for private varsities<br />
•Ade-Ojo gives 2 graduates N5m<br />
to start business<br />
By Dayo Johnson, Akure<br />
THE National Uni<br />
versities Commission<br />
(NUC) says it has developed<br />
a blueprint for<br />
the rapid revitalization of<br />
university education in<br />
the country for the years<br />
2019 – 2023. Its Executive<br />
Secretary, Prof. Abubakar<br />
Rasheed, disclosed<br />
this during the 3rd convocation<br />
ceremony of<br />
Elizade University, Ilara-<br />
Mokin, Ondo State<br />
“The development of<br />
the blueprint was thought<br />
on an extensive multistakeholder<br />
base <strong>and</strong> inputs<br />
were sought from<br />
students, parents, teaching<br />
<strong>and</strong> non-teaching,<br />
Vice-Chancellors <strong>and</strong><br />
other stakeholders”, Rasheed<br />
said.<br />
“Data were gathered to<br />
determine our rank <strong>and</strong><br />
challenges faced in the<br />
system in this time, as<br />
well as to seek practicable<br />
<strong>and</strong> sustainable solutions<br />
to the challenges<br />
Nine Nigerians arrested in<br />
US for $3.5m wire fraud<br />
*Two in trouble over bitcom scam<br />
Nine Nigerians have<br />
been arrested in the<br />
United States (US) for defrauding<br />
individuals <strong>and</strong><br />
businesses of more than<br />
$3.5 million.<br />
Geoffrey S. Berman, the<br />
United States attorney for<br />
the southern district of New<br />
York, <strong>and</strong> James C. Spero,<br />
special agent in charge of<br />
the Tampa, Florida, field<br />
office of U.S. immigration<br />
<strong>and</strong> customs enforcement’s<br />
Homel<strong>and</strong> security investigations<br />
(“HSI”), disclosed<br />
this in a statement on<br />
Thursday.<br />
The suspects are Oluwaseun<br />
Adelekan, Olalekan<br />
Daramola, Solomon Aburekhanlen,<br />
Gbenga Oyeneyin,<br />
Abiola Olajumoke,<br />
Temitope Omotayo, Bryan<br />
Eadie, Albert Lucas <strong>and</strong><br />
Ademola Adebogun.<br />
The US officials said the<br />
suspects committed the<br />
fraud through business<br />
<strong>and</strong> the cost implication for<br />
the solution”. Speaking<br />
on the challenges of <strong>go</strong>vernance<br />
in private universities,<br />
the NUC ES said,<br />
“The Commission has also<br />
produced the board of corporate<br />
<strong>go</strong>vernance for private<br />
universities to guide<br />
the Proprietors, the Board<br />
of Trustees, Governing<br />
Council <strong>and</strong> management.<br />
“The document clearly<br />
delineates the role of each<br />
level of <strong>go</strong>vernance structure<br />
to improve university<br />
<strong>go</strong>vernance in Nigeria”.<br />
He lauded Elizade University<br />
for grooming the<br />
graduates “into potential<br />
experts, future leaders <strong>and</strong><br />
next-generation solution<br />
providers in various sectors<br />
of our national life”.<br />
The Vice Chancellor of<br />
the institution, Prof Olukayode<br />
Amund, who said<br />
131 students from four faculties<br />
graduated, noted that<br />
the university lays emphasis<br />
on character moulding.<br />
“Our emphasis is to produce<br />
graduates that would<br />
email compromises, a Russian<br />
oil scam, <strong>and</strong> a romance<br />
scam.<br />
“As alleged, these defendants<br />
deployed three<br />
different email schemes to<br />
defraud their victims.<br />
The common denominator<br />
in all three schemes was<br />
the defendants’ alleged<br />
fleecing of their victims<br />
through fictitious online<br />
identities,” said Berman.<br />
“The schemes allegedly<br />
earned the defendants $3.5<br />
million – <strong>and</strong> also arrests<br />
on federal felony charges.”<br />
The defendants are accused<br />
of participating in a<br />
scheme to defraud businesses<br />
<strong>and</strong> individuals<br />
through several cate<strong>go</strong>ries<br />
of false <strong>and</strong> misleading<br />
representations.<br />
They are each charged in<br />
the indictment with one<br />
count of conspiring to<br />
commit wire fraud <strong>and</strong><br />
each defendant faces a<br />
positively affect the society<br />
when they occupy high<br />
public offices or political<br />
positions in future or as<br />
captains of industry or<br />
commerce in the private<br />
sector”, Amund said.<br />
The founder of the University,<br />
Chief Micheal Ade-<br />
Ojo, admonished the new<br />
graduates to <strong>go</strong> <strong>and</strong> excel<br />
in the chosen careers even<br />
as he gave N5m to two of<br />
them to start a joint business.<br />
18 of the new graduates<br />
had first class, 73 second<br />
class upper division,<br />
35 second class lower division<br />
<strong>and</strong> five third class.<br />
maximum potential sentence<br />
of 20 years in prison.<br />
In a related development,<br />
two Nigerians are in<br />
trouble in the US after being<br />
indicted by prosecutors<br />
for running a fraudulent<br />
bitcoin investment<br />
scheme.<br />
Onwuemerie O<strong>go</strong>r Gift<br />
<strong>and</strong> Kelvin Usifoh were<br />
charged by Ore<strong>go</strong>n District<br />
Attorney’s Office with 11<br />
counts of wire fraud, as<br />
well as conspiracy to commit<br />
wire fraud <strong>and</strong> money<br />
laundering, according to<br />
a report. From December<br />
2017 to June 2018, Gift<br />
<strong>and</strong> Usifoh allegedly promoted<br />
the fake bitcoin investment<br />
scheme via three<br />
websites<br />
Gift <strong>and</strong> Usifoh falsely<br />
claimed that victims’ bitcoins<br />
would be invested<br />
using “unique trading<br />
methods” <strong>and</strong> that they<br />
would maintain a “constant<br />
high interest rate.”<br />
The pair also allegedly<br />
encouraged investors to<br />
transfer bitcoin to their<br />
own cryptocurrency wallets.<br />
Once transferred, Gift<br />
<strong>and</strong> Usifoh would exchange<br />
it for Nigerian<br />
naira. In over six months,<br />
the defendants stole 10.88<br />
bitcoins (worth approximately<br />
$56,391 at press<br />
time) from three victims,<br />
one residing in Ore<strong>go</strong>n<br />
<strong>and</strong> two in California, according<br />
to the indictment.<br />
They also used a photo of<br />
a fourth victim to promote<br />
their scheme.<br />
In total, the prosecutors<br />
alleged that Gift <strong>and</strong> Usifoh<br />
received more than 50<br />
bitcoins ($259,000)<br />
through the scam.<br />
STARS University felicitates<br />
with Ned Nwoko over FUPRE’s<br />
doctorate award<br />
The Project Implemen<br />
tation Committee<br />
(PIC) of the proposed<br />
STARS University, Idumuje-Ugboko,<br />
Delta State has<br />
congratulated Hon. Prince<br />
Ned Nwoko on his conferment<br />
with an Honorary<br />
Doctor of Science Degree<br />
(Honoris Causa) by the<br />
Federal University of Petroleum<br />
Resources, Effurun<br />
(FUPRE), Delta State.<br />
A statement signed on behalf<br />
of the committee by<br />
Professor Nduka Uraih,<br />
who heads the team, said,<br />
“The conferment is a tacit<br />
recognition of Ned Nwoko’s<br />
Buhari asked to give Isoko<br />
minister<br />
By Etop Ekanem<br />
The leadership of Isoko<br />
Equity Group, IEG,<br />
has again appealed to the<br />
Federal Government to appoint<br />
the next minister to<br />
represent Delta State in the<br />
Federal Executive Council<br />
from Isoko nation.<br />
The group restated its dem<strong>and</strong><br />
during a meeting with<br />
President-General, Isoko<br />
Development Union, IDU,<br />
the umbella body of Isoko<br />
people world wide, at the<br />
national secretariat of the<br />
union in Oleh, headquarters<br />
of Isoko South Local Government<br />
Area of Delta<br />
State.<br />
The Convener of IEG, Mr<br />
Silas Buowe, who spoke to<br />
newsmen after the closed<br />
door meeting, said: “We are<br />
here to intimate the President-General<br />
Isoko Development<br />
Union, High Chief<br />
Iduh Amadhe, of our agitation<br />
for President<br />
Muhammadu Buhar to appoint<br />
an indigene of Isoko<br />
Elders take Ekiti Blueprint<br />
to monarchs<br />
By Rotimi Ojomoyela<br />
EKITI Council of<br />
Elders is taking the<br />
Ekiti State Blueprint to palaces<br />
across the state to acquaint<br />
monarchs <strong>and</strong> the<br />
people with the content.<br />
The advocacy kicks off<br />
tomorrow at the Ewi palace<br />
in Ado Ekiti. The idea of the<br />
Blueprint was conceived by<br />
the Council with contributions<br />
from sons <strong>and</strong> daughters<br />
of Ekiti home <strong>and</strong><br />
abroad with the aim of<br />
putting the state on a progressive<br />
track.<br />
In a statement by the<br />
Chairman, Prof. Joseph<br />
Oluwosanmi; General Secretary,<br />
Hon. Niyi Ajibulu,<br />
<strong>and</strong> PRO, Dr. Bayo Orire, the<br />
Council congratulated the<br />
Ewi <strong>and</strong> the people of Ado<br />
towering contributions to<br />
the growth of society<br />
through human capital development<br />
initiatives”.<br />
The statement posited<br />
that the congratulatory<br />
message stemmed from<br />
Nwoko’s attributes as “an<br />
iconic pathfinder, indefatigable<br />
philanthropist, quintessential<br />
facilitator of novel<br />
projects prominent<br />
amongst which is the proposed<br />
Sport, Technology,<br />
Agriculture, Research <strong>and</strong><br />
Science (Stars) University,<br />
Idumuje-Ugboko, with the<br />
trail-blazing concept of a<br />
sports university”.<br />
as minister to represent<br />
Delta State in the new Federal<br />
Executive Council<br />
come May 2019.<br />
“The IDU President-General,<br />
who is the father of<br />
Isoko Nation, said he had<br />
been following the trend <strong>and</strong><br />
was very proud of what<br />
Isoko Equity Group is doing<br />
<strong>and</strong> promised to help in<br />
whatever legal way possible<br />
to enable the group realise<br />
its set out <strong>go</strong>als.<br />
“<strong>No</strong> Isoko man or<br />
woman has been appointment<br />
minister since 1973.<br />
That is how deep rooted we<br />
have been marginalised as<br />
a people. We also extensively<br />
discussed the lack of Federal<br />
Government presence<br />
in Isoko particularly in<br />
terms of big ticket infrastructure,<br />
despite its vast oil<br />
resources contributing.<br />
“On the entourage of the<br />
Convener Isoko Equity<br />
Group is the Secretary General<br />
<strong>and</strong> Patron of the<br />
Group, Dr. Prosper<br />
Awhoregba, <strong>and</strong> Lucky<br />
Okperi among <strong>others</strong>”.<br />
Ekiti for the urbanization<br />
that has taken place in the<br />
city from 1996 till date.<br />
“Ekiti Council of Elders<br />
appreciates His Royal Majesty<br />
The Ewi & his Council<br />
of Chiefs for supporting the<br />
Government & the town<br />
people affected by this vital<br />
developmental process”?,<br />
the statement said.<br />
“The Council is happy<br />
that the New Iyin Road<br />
project has finally taken off<br />
<strong>and</strong> that the ab<strong>and</strong>oned<br />
Civic Centre will be completed<br />
by December all of<br />
which will make Ado Ekiti<br />
more cosmopolitan.<br />
“The resolve of <strong>go</strong>vernor<br />
Kayode Fayemi not to ab<strong>and</strong>on<br />
projects initiated by his<br />
predecessor such as the<br />
New Oja Oba which is also<br />
of great importance to the<br />
people is highly commendable”.<br />
BEDC connects Omozogie-Uteh community to national grid<br />
It was mass jubilation<br />
for the residents of<br />
Omozogie in Uteh Community,<br />
Ikpoba Okha Local<br />
Government Area of<br />
Edo State last Friday as<br />
BEDC Electricity Plc<br />
(BEDC) connected the<br />
community to the national<br />
grid after years without<br />
electricity supply.<br />
The commissioning of<br />
the substation which started<br />
with a town hall meeting<br />
organized by the community<br />
had in attendance<br />
BEDC management team<br />
led by the Head, Community<br />
Relations Officer, Mrs<br />
Virginia Osineme, Business<br />
Manager of Ikpoba<br />
Hill, Mrs. Ekaete Ntukidem<br />
<strong>and</strong> her Business<br />
Head Distribution, Engr.<br />
Mamah, the Odionwere,<br />
electricity committee<br />
members <strong>and</strong> residents of<br />
Uteh Omozogie community<br />
was meant to brief the<br />
residents on need to see the<br />
substation as a collective<br />
responsibility which<br />
should be protected<br />
against v<strong>and</strong>alism <strong>and</strong> all<br />
other forms of energy theft.<br />
Addressing the town hall<br />
meeting, the Head, Community<br />
Relations, Mrs Osineme<br />
said “The protection<br />
of the substation is<br />
everybody’s business. If<br />
there is no light, you know<br />
who to meet <strong>and</strong> talk to. If<br />
you see anybody in the<br />
substation that is not authorized<br />
by BEDC <strong>and</strong> the<br />
electricity committee, he<br />
or she is a v<strong>and</strong>al <strong>and</strong><br />
should be apprehended”.<br />
The General Okae-Don,<br />
Uteh. Mr Iyoha Omozogie<br />
lauded BEDC for keeping<br />
fate with the Community<br />
saying “we thank the management<br />
<strong>and</strong> staff of BEDC<br />
for how they have been<br />
able to direct us in ensuring<br />
Omozogie community<br />
is connected to the national<br />
grid. We also thank<br />
the members of the community<br />
for their selfless<br />
donations <strong>and</strong> doggedness<br />
in ensuring the yearning of<br />
the people becomes a reality.<br />
We now have light in<br />
Omozogie”.