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16—Vanguard, THURSDAY, JANUARY 30, 2020<br />

COURTESY VISIT:<br />

Oyo State Governor,<br />

Engr. Seyi Makinde<br />

(middle); Inspector<br />

General of<br />

Police,IGP,<br />

Muhammed Adamu<br />

(left) and Chairman,<br />

Oyo State Advisory<br />

Council, Senator<br />

Hosea Agboola,<br />

during the<br />

governor's courtesy<br />

visit to the Inspector<br />

General of Police in<br />

Abuja, yesterday.<br />

Alleged money laundering: Ex-Kwara Finance<br />

Commissioner remanded in EFCC custody<br />

By Demola<br />

Akinyemi<br />

I LORIN—THE<br />

immediate past<br />

Commissioner for Finance<br />

in Kwara State,Demola<br />

Banu was yesterday<br />

remanded in the custody of<br />

the Economic and<br />

Financial Crimes<br />

Commission, EFCC, by an<br />

Ilorin High Court over<br />

allegations of money<br />

laundering.<br />

Banu was arraigned<br />

alongside an official of<br />

Travel Messenger<br />

Innovation, proper marketing crucial to business<br />

survival —GMD Group<br />

Gabriel Olawale<br />

LAGOS—THE Chief<br />

Executive Officer of<br />

GDM Group, Mr Victor<br />

Afolabi has identified lack<br />

of proper marketing and<br />

innovation as one of the<br />

main reason some business<br />

especially start-up<br />

struggled to make an<br />

impact.<br />

Speaking in Lagos<br />

during the company's 10th<br />

anniversary and the<br />

unveiling of a new logo,<br />

Afolabi said that business<br />

environment is something<br />

very tough and to stay<br />

relevant requires extremely<br />

creativity, dynamic and<br />

insight into consumer<br />

understanding.<br />

“As a company, our<br />

primary objective is to help<br />

business including a startup<br />

to drive strong<br />

Company Limited, one<br />

Olarewaju Adeniyi on a<br />

nine count charge before<br />

Justice Babangana Ashigar<br />

led Court.<br />

The EFCC alleged that<br />

the defendants conspired<br />

among themselves to<br />

launder the sum of about<br />

four hundred and eleven<br />

million naira belonging to<br />

the Kwara State<br />

Government.<br />

Count one of the charge<br />

reads, “That you,<br />

Olarewaju Adeniyi,<br />

Ademola Banu and Travel<br />

innovative products that<br />

will help them win their<br />

target market and drive<br />

market share.<br />

The need for appropriate<br />

marketing and innovation<br />

is the core of our business. We<br />

support business in the area of<br />

NDE trains 50 physically challenged<br />

persons in Edo<br />

By Ozioruva Aliu<br />

BÉNIN CITY—THE<br />

National Directorate of<br />

Employment, NDE, in Edo<br />

state has commenced<br />

training of 50 physically<br />

challenged persons with in<br />

Akoko Edo Local Government<br />

Area of Edo State<br />

which it called The school<br />

On Wheels, SOW, State coordinator<br />

of NDE Ayo<br />

Edegbai while flagging off<br />

Kessiena Majemite, “The studio<br />

model of building and launching<br />

new ventures has been around<br />

for a while, but has not been<br />

standardized. Becoming a GSSN<br />

Studio means we, like other<br />

studios, work to achieve the gold<br />

standard of building and<br />

launching more successful impact<br />

start-ups across Africa.<br />

“This milestone is a major move<br />

for CeedCap on its mission to<br />

become Africa’s leading venture<br />

builder and impact investor.<br />

“The fact remains that a majority<br />

of start-ups still identify poor<br />

execution, limited funding, and<br />

market access as the primary<br />

drivers of most failed innovative<br />

Messenger Limited<br />

between January to December<br />

2018 in Ilorin within the<br />

jurisdiction of this honourable<br />

Court conspired among<br />

yourselves to commit an offence,<br />

to wit: conversion of the sum of<br />

N411,000,000.00 ( four hundred<br />

and eleven million naira) only<br />

property of Kwara State<br />

Government, which sum you<br />

reasonably ought to know was<br />

derived from fraud, and thereby<br />

committed an offence contrary to<br />

section 18(a) of the money<br />

laundering (prohibition)<br />

(amendment) act, 2012 and<br />

innovation, marketing and<br />

business transformation.<br />

“We are changing from brand<br />

solution company to marketing<br />

and innovation. Ten years ago,<br />

we started as an experiential<br />

event below the line agency and<br />

in 2015 we became a marketing<br />

operation company. Now in 2020,<br />

we look at the direction the world<br />

the training said it was under<br />

the vocational Skills<br />

Development programme<br />

of the NDE.<br />

She noted that the scheme is<br />

aimed at creating a pool of artisans<br />

as part of Federal Government<br />

initiatives of creating jobs for the<br />

teeming army of unemployed<br />

youths in Nigeria.<br />

“We are here to officially<br />

flag off this Vocational Skills<br />

acquisition programme of<br />

the federal government<br />

Nigeria-based start-up studio joins GSSN<br />

By Prince Okafor<br />

L AGOS—NIGERIAbased<br />

start-up studio,<br />

CeedCap, yesterday, said<br />

it is now an official<br />

membership of the Global<br />

Start-up Studio Network,<br />

GSSN.<br />

GSSN, is a network of venture<br />

builders, giving start-ups the<br />

power to create and grow<br />

businesses and make a<br />

meaningful impact across the<br />

world.<br />

CeedCap is the first start-up<br />

studio in Africa to be named a<br />

GSSN Studio.<br />

According to the Founder and<br />

Managing Partner, CeedCap,<br />

ideas.”<br />

GSSN provides the highest<br />

quality support to studios and<br />

their founders, leading to<br />

incredible outcomes for start-ups<br />

across the globe. Best known for<br />

achieving local impact and global<br />

reach, GSSN Studios represents<br />

true leadership in the global<br />

industry.<br />

Corroborating the<br />

development, Director, GSSN,<br />

Nick Zasowski,said: “GSSN is not<br />

for everyone, and rightfully so.<br />

GSSN studios represent the<br />

world’s most respected studios as<br />

well as some of the most inspiring<br />

pioneers working to grow startup<br />

ecosystems in unexpected<br />

places.<br />

punishable under section 15(3)<br />

and (4) of the same act .“<br />

The accused persons pleaded<br />

not guilty when the charges were<br />

read to them in Court.<br />

Counsel to the EFCC,<br />

Nnaemeka Omewa told the<br />

Presiding Judge “ My Lord,<br />

following the plea of not guilty<br />

entered by the defendants, the<br />

prosecution shall be asking this<br />

honourable Court to give a trial<br />

date to enable us prove our case<br />

, we also want you to remand the<br />

defendants in Correctional<br />

Facility pending the hearing and<br />

determination of this case“<br />

is going which is getting more<br />

dynamic and we decided that innovation<br />

needs to become a critical<br />

part of our marketing.<br />

“In this century, people want<br />

to be sure of the impact of what<br />

marketing is contributing to their<br />

business, therefore we decided to<br />

change the very core of our<br />

business and not only the logo.<br />

which is under the National<br />

Directorate of Employment<br />

(NDE). As you all know, we are<br />

not here by chance, we are aware<br />

of the level of unemployment<br />

problem in Nigeria, so we are here<br />

to train 50 persons with various<br />

kinds of disabilities with different<br />

skills especially in the rural areas,<br />

because we have discovered that<br />

there are more persons with<br />

disability in the rural areas more<br />

than those in the urban areas,<br />

by so doing, we will be able to<br />

stem the tide of rural- urban<br />

migration.”<br />

“As we all know,<br />

unemployment has become a<br />

very big monster in Nigeria, this<br />

has greatly led to a high level of<br />

crime rate in our various communities,<br />

posing enormous danger<br />

to the stability of the nation at all<br />

levels. Therefore the National<br />

Directorate of Employment<br />

(NDE) as the apex agency saddled<br />

with the responsibility of<br />

employment generation in the<br />

country using training as its main<br />

strategy for employment creation."<br />

Meanwhile, the Director<br />

General of the programmme, Dr.<br />

NasirLadan Mohammed<br />

Argungu, in a goodwill massage<br />

charged the participants to be<br />

totally committed to the training.<br />

Boeing swings to annual loss as<br />

737 MAX costs near $19 billion<br />

BOEING Co, Wednesday, swung to its first<br />

annual loss since 1997 on mounting 737<br />

MAX costs and indicated it would again cut<br />

production of its bigger 787 Dreamliner aircraft, currently<br />

its main source of cash.<br />

Costs related to the global grounding of Boeing's once<br />

fast-selling 737 MAX reached $14.6 billion in 2019 and<br />

the planemaker warned of another $4 billion in charges<br />

in 2020 due to the expense of freezing and slowly<br />

restarting the jets' production.<br />

Boeing, facing the biggest crisis in its history, had<br />

previously estimated an around $8 billion price tag for<br />

the MAX fallout.<br />

The aircraft was grounded in March after two crashes that<br />

killed 346 people. Boeing has since frozen production of<br />

the aircraft as deliveries, the moment when the planemaker<br />

receives most of its cash, remain halted.<br />

"We recognize we have a lot of work to do," Boeing<br />

President and CEO David Calhoun said in a statement.<br />

Vodafone to sell stake in Egyptian<br />

unit to Saudi Telecom for $2.4 bn<br />

VODAFONE Group has agreed a preliminary deal<br />

to sell its 55 percent stake in its Egyptian unit to<br />

Saudi Arabia's largest telecoms operator STC for<br />

$2.4 billion, the companies said on Wednesday.<br />

The non-binding deal values Vodafone Egypt at $4.4<br />

billion and the two companies have agreed to long-term<br />

use of the Vodafone brand and other services in Egypt.<br />

Selling the stake is in line with Vodafone efforts to streamline<br />

its operations to focus on Europe and sub-Saharan<br />

Africa, Vodafone Chief Executive Nick Read said.<br />

"It will reduce our net debt and unlock value for our shareholders,"<br />

he said.<br />

Vodafone said the transaction is expected to close by June.<br />

STC said the non-binding agreement was valid for 75 days<br />

from Wednesday and could be extended by mutual consent.<br />

"Vodafone Egypt is the leading player in the Egyptian<br />

mobile market and we look forward to contributing further<br />

to its continuing success," said STC Chief Executive<br />

Nasser al-Nasser.<br />

OVH Energy appoints Dagazau as COO<br />

OVH Energy, licensee of Oando retail brand, has an<br />

nounced the appointment of Mumuni Dagazau as<br />

Chief Operating Officer of the Company.<br />

Mumuni Dagazau is a business strategist with over 30<br />

years' experience in the private sector. Prior to his<br />

appointment, he was Chief Operating Officer at A.A. Rano<br />

Nigeria Limited.<br />

Mumuni Dagazau has over the years, in various capacities,<br />

become recognized for his talent in Strategy Development,<br />

Process Optimization, Corporate Vision actualization with<br />

maximum revenue generation. As Chief Operating Officer of<br />

OVH Energy, he will be responsible for Supply and Trading;<br />

Customer Service; Sales and Marketing; ASPM; Engineering<br />

and Terminal business.<br />

Dagazu stands out as a professional with the unique ability<br />

to convert strategic plans into reality. In his previous roles, he<br />

has guided companies to establish themselves as viable<br />

businesses. He is an associate member of the Association of<br />

Business Executives, United Kingdom and Alumnus of Valley<br />

Forge Military Academy in the Unites States.<br />

"We are pleased to have Dagazau join OVH Energy Marketing.<br />

His strong background in operational organizational<br />

optimization coupled with his technical expertise make him<br />

an ideal person to take on this position. His appointment is<br />

also an indication of our commitment to build a business that<br />

continually provides our customers with products and services<br />

of the highest standards." said Huub Stokman, CEO OVH<br />

Energy.<br />

2000 retailers to benefit from MTN<br />

'Turns It Up' scheme<br />

MTN Nigeria says 2000 retailer across the country<br />

will benefit from its 'Turns It Up' "Kiosk as a Service"<br />

scheme.<br />

The scheme which will empower retailers with an<br />

omnibus stall that will enable the retailers provide MTN's<br />

bouquet of products and services more efficiently and<br />

afford customers access to services like SIM registration,<br />

(mobile money) MoMo, 4G migrations, airtime purchase<br />

and so much more.<br />

Starting with the South-West region of the country with<br />

over 180 already installed in Lagos State, the kiosks come<br />

pre-fitted with solar panels that will power the kiosk, enable<br />

users to charge phones and generally support the ease<br />

of doing business.<br />

Speaking on the scheme, Chief Sales and Distribution<br />

Officer, MTN Nigeria, Mr. Kunle Adebiyi said: "The 'Kiosk<br />

as a Service' is a demonstration of MTN's unwavering<br />

belief in partnership."<br />

Adebiyi said MTN's use of pre-installed solar panels on<br />

the kiosks was a deliberate action and a commitment to<br />

ensure that the company leads the clamour for the use of<br />

renewable energy as a way to preserve the environment.<br />

Some stories credited to Reuters

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