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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