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28042019 - No delaying minimum wage, go ahead and pay, FG tells MDAs, states, others

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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”.

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