The lawmaker representing Anambra North senatorial district, Stella Oduah, has broken her silence on the reports claiming she did not complete her National Youth Service Corps.
A group identified as Concerned Anambra North Peoples Democratic Party Stakeholders had asked NYSC to validate the former Minister of Aviation’s claim of losing her certificate.
The Director-General of the service in response to the request disclosed that Oduah was mobilised for national service in the 1982/83 service year and was deployed to Lagos State.
He, however, stated that Oduah absconded after the orientation and never completed the service.
Oduah while reacting to the scandal shared a photo of her in NYSC uniform and a letter from NECA confirming that completed her service year.
The lawmaker in a statement released through her media aide, Ezennia Nonso Chukwudebe, said she “served meritoriously at NECA in 1982 as can be confirmed from this 11th January 2017 clarification from the Nigeria Employers’ Consultative Association personally signed by the Director-General, O.A Oshinowo.”
The statement reads, “*RE: THE VIRAL STORY OF THE ALLEGED SENATOR STELLA ODUAH NYSC ABSCONDMENT.*
“Our attention has just been drawn to a publication that makes a most spurious claim to the effect that the Distinguished Senator representing Anambra North, Princess Stella Adaeze Oduah OON, absconded from the National Youth Service Corps program.
“Ordinarily we would never dignify such antics with a response but we deemed it necessary to put out this statement for the benefit of gullible minds that are being targeted by political jobbers whose stock in trade is churning out such concocted rubbish every election cycle, especially when it is becoming glaring that they are receiving the short end of the political stick.
“The Distinguished Senator indeed served meritoriously at NECA in 1982 as can be confirmed from this 11th January 2017 clarification from the Nigeria Employers’ Consultative Association personally signed by the Director-General, O.A Oshinowo.
“How her opponents have suddenly resorted to circulating this story which is completely at variance with the position of the agency where she did her primary assignment, is an issue every keen mind should focus on and we are by this publication, giving the NYSC sometime to put out a disclaimer as we firmly believe this letter to be fake.
“Unfortunately we live in climes where such unsubstantiated stories travel fast and it is more worrisome that some mainstream media outlets appear to be sucked into this viral vortex of deceit.
“Senator Stella Oduah did not only serve meritoriously but would go on to work in the NNPC, a Federal Government establishment, for the next nine years!
“Nigerians need to understand that the persons behind the fake letter currently doing the rounds are desperate, despondent and out of their wits end for they instinctively appreciate the fact that the Distinguished Senator is one leader that continues to be appreciated and loved for her many people-oriented programs and no amount of sponsored media mudslinging can obliterate this fact.
“This is election season and it is expected to see such antics by weak traducers whose understanding of politicking is engaging in mindless subterfuge against aspirants rightly perceived as strong.
“Unfortunately for them, they are deploying the same failed strategy that has never managed to stop the Distinguished Senator at the polls and one would expect that they’d restrategize.
“Senator Stella Oduah remains strong, in very high spirits and is looking forward to the election proper.”
Heritage Bank leveraging technology to promote financial inclusion for inclusive growth
In today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications. To this end, financial inclusion has assumed a greater level of importance due to its perceived relevance as catalyst for economic growth since it is critical for attaining inclusive growth in an economy.
In 2012, Nigeria took major steps in its journey by launching the National Financial Inclusion Strategy (NFIS). The main goal of the NFIS is to ensure that 80per cent of Nigerian adults are financially included by 2020. Before this, the formal use of financial services by the adult population stood at 36.3per cent in 2010. To achieve the 2020 goal, the Central Bank of Nigeria (CBN) introduced strategies to spike innovation in the financial services sector in Nigeria and by 2017, one amongst the achievements was that the CBN had given over 20 licenses to mobile money operators, which has currently grown to 21.
According to 2018 data from Enhancing Financial Innovation and Access (EFInA), 38.1million of Nigeria’s 106million (18years and above) adults or 36 percent of Nigerians remain completely financially excluded.
In a recent survey by Augusto & Co on Consumer Digital Banking, only 34per cent of the respondents said they had experienced the service of digital banks. Only 17per cent of respondents above the age of 55 are aware of their services, while for people aged 41-54, the awareness rate stood at 31per cent. This spells the need to deepen the financial inclusion drive if Nigeria is to attain the NFIS target and accelerated economic growth.
The apex bank may have missed the 2020 target of 80 percent for financial inclusion, but it stands a better chance of meeting the target of 95per cent by 2024, as industry players have argued that to achieve the NFIS target for inclusive economic growth, the financial sector must strongly leverage technology (mobile and digital channels) to promote financial inclusion and enhance access to financial services for the unbanked and underserved segments of the population.
One of the financial institutions that has continued to leverage on technology to revitalize the industry via deploying its huge resources and vast networks to deepen financial inclusion in the country for inclusive economic growth is Heritage Bank Plc, Nigeria’s most innovative banking service provider.
The MD/CEO of Heritage Bank, Ifie Sekibo, affirmed that banks cannot push financial inclusion unless they also push secured technology inclusion.
According to him, Heritage Bank has continued to entrench financial inclusion across board via creating access to accounts and other financial products, savings, mobile money systems and payment systems that provide opportunities for financially excluded Nigerians and Micro, Small and Medium Enterprises.
Introducing HB API Sandbox & Banking as a service via One Pipe
The Bank launched an API Sandbox to accelerate the ideas of technology entrepreneurs to build innovative and commercially viable products that were birthed through HB LAB. This platform provides a suite of financial and non-financial APIs targeted to meet the needs of FinTech, Tech SMEs, and Communities. Our APIs grants Tech Companies, third-party developers, and non-Fintech companies access to multiple payments and financial services required by their customers.
Following the launch of HB’s API Sandbox, the Bank partnered with API aggregator Companies to extend the Bank’s API services to a wider audience, layering their value-added services to deliver our BaaS platform. Banking as a Service (BaaS/Open Banking) is an end-to-end business process that allows FinTech and other third-party service providers to offer core financial services to their customers by integrating with the Bank via our readily available APIs. This is a billed service that also provides relevant data insight required to pursue aggressive retail accounts acquisition by leveraging the aggregator robust retail prospect pipeline.
Redefining digital banking space with ‘Octiplus’
Sekibo promised that his bank would continue to drive financial inclusion through a robust, innovative, and advanced digital banking solution, ‘Octiplus’ which it recently launched.
Octiplus is a bank-agnostic, all-in-one digital banking application, which grants users access to a bouquet of financial, lifestyle and social networking features with the added convenience of converging card-based payments within one application irrespective of the issuing Nigerian bank. Ifie Sekibo stated that, “with Octiplus, we are redefining the concept of digital banking for the discerning mobile user, as the app is equipped with several exciting features that reiterate the bank’s commitment to expand its digital architecture and modernize its interactions with the banking public, irrespective of your preferred financial institution.”
Octiplus promises an intelligent Omni-channel experience which augments the usual transactional features including bills payment, funds transfer and airtime recharge with its unique ability to facilitate person to person/group interactions which encourages small businesses and a thriving side hustle for young professionals. The App is now available for download on the Google and iOS App Stores.
Catching them young with HB BUD Account
HB Bud account is a savings account for children and the younger demographic aimed at introducing financial literacy and inclusion. The account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running this account until their child attains adulthood and can solely operate their own accounts or possibly move to other age-appropriate products. This product was initially launched in 2014 as a unique proposition to cater mostly to the educational needs of children and young adults who are preparing and saving up for further education and, as well, deepen brand visibility and increase the bank’s market share. However, some operational exigencies and regulatory framework have necessitated the modification and adjustment of this product to serve the customers optimally. Children and teens from 0 to 18yrs are the target market.
The features are unique as outlined: Access to cash backed loan by parent/guardian/sponsor for school fees/education loan. You can access up to 70per cent of your balance held with the Bank as cash backed loan. The customer must have run the BUD account for a minimum of 6 months to access the cash backed loan. Ease of saving through standing order instructions. Access to exclusive events. Free participation in the BUD MINI career mentoring and coaching sessions once a year. Opportunity to act as a Heritage Bank Executive Committee member for one day.
Catering for the unbanked via HB Starter Product
This is the banks flagship CBN KYC Tier 1 savings account to cater for the unbanked. It is a level 1 entry into savings account category in Nigeria, in which an individual can open without having the mandatory requirements/documents to open a standard or regular account in Nigeria. This is one way of ensuring that all citizens of Nigeria are financially included since the account can be opened with or without a smart phone at the bank or online. In essence, this type of savings account doesn’t require any utility bills, or even an ID to open.
Most people who fall under this category usually do not see the need to open an account because they find it easier to save whatever money they have in their houses. This category of people wants to avoid bulky manual account opening process and have a better time management. This product is very precise and requires minimum account opening documentation, also it can be done at the comfort of one’s home. Customers can in addition be assisted by the Bank’s relationship managers and sales teams. Also, customers can get on the bank’s website to initiate a new account opening process from start and receive the account number at the end of the process.
Product targeted at individuals across all market segments
This is known as HB Individual Current Account Product, which is a checking account for all individuals across market segments above the age of 18years. This account has been made seamless with unique features for individuals’ access to loan products, minimum balance of N0.00, No COT on all transaction, account opening balance N5, 000 and access to clearing check book.
Customization of payment gateway on HB CheckOut and Virtual Accounts
Heritage CheckOut is a fully integrated payment processing platform with infrastructure for digital payments across Africa. Olusola Longe-Okenimkpe, Divisional Head, E-Business & Collections disclosed that the platform provides an underlying technology platform that allows businesses to receive and issue payments from anywhere in the world, with robust inbuilt fraud management, compliance, and security applications.
She also defined Virtual Accounts as series of off-balance accounts whose total balance mirrors the balance in pool account. According to Olusola, pool account is linked to all the virtual accounts and the balance in the pool account mirrors the total balance in the virtual accounts.
Opportunities for financially excluded with HB Business Account
The Heritage Bank Business Account is a cost-effective current account that provides flexible, affordable, and transparent pricing grid based on debit monthly turnover covenant. The product is targeted at all Micro and Small Enterprises of SME and Retail segments.
Ensuring seamless transaction using HB transfer code
The transfer code *745# of Heritage bank guarantees seamless usages and reduces the stress of going to the branch of Heritage bank to make payment. Just like other banks, you can use Heritage bank mobile banking code which is *745# to check your account balance, transfer money to Heritage bank or other banks, pay for utility bills and cable TV subscription, pay for church’s services everywhere you are using your mobile phone.
Capturing educational sector via Alumni Banking service, Acada Portal Solution
To further capture individuals in educational sector into the financial inclusion space, Heritage Bank unveiled the Alumni Banking Service and Acada Portal Solution which are internet-based solutions that seamlessly integrate school’s portal and Alumni platforms that benefit the different stakeholders and complement efforts in attaining the best global practices in school management. Alumni Banking service is an educational provision by Heritage Bank that seeks to utilize and track, engage, endow, and invest a model to help secondary and tertiary educational institutions create modern alumni systems that contribute to their financial stability just like great alumni do in the best global schools.
Inclusion of creative industry, e-sport gaming on HB YNSPYRE Account
YNSPYRE Account is a product targeted specifically at the creative economy populated by not only youths in video and film, and music. It goes much more than that as it involves people in technology, the creative industry and gaming as part of the creative industry.
Addressing the press about the initiative in gaming as a creative endeavour, Dike Dimiri, Heritage Bank Regional Executive, Lagos, and South-West explained that the involvement of the bank is to identify income-earning opportunities for some people in the economy.
According to him, “HB has designed a product that identifies and finds a mechanism that guides Nigerians in gaming or e-sports. The bank is set to revolutionize e-sports by bringing it to an acceptable level attained by football, lawn tennis and other crowd pulling games.”
Heritage Bank is fast changing the narratives of the banking landscape through the adoption of more secured technology (product and channels) for seamless services that guarantee the larger part of the population is involved in economic activities as well as being financially included.
For this to be effective, Sekibo affirmed that the population must access financial services and products which ensure that households and businesses irrespective of income levels have access to and can effectively use the appropriate financial facilities they need to improve their lives and further their savings and investments.
Oyo-state-based broadcaster and social activist, Oriyomi Hamzat, has been arrested by the Force Intelligence Bureau (FIB) and is being transferred to Abuja, POLITICS NIGERIA reports.
The FIB is the apex of intelligence gathering in the Nigeria Police Force (NPF). It is the only arm of the Force that provides Intelligence on Crime and National Security.
It is not yet clear why Hamzat, the owner of Agidigbo 88.7 FM, Ibadan, was arrested.
The State Intelligence Bureau (SIB) in Ibadan invited Hamzat, before handing him over to the FIB.
This newspaper understands that Hamzat has been championing the call for justice for Timothy Adegoke, the late Masters student of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State.
Since Adegoke mysteriously died in Room 305 at Hilton Hotel and Resorts Ile-Ife in November 2021, Hamzat has been on the hunt to track down his alleged killer(s).
When this reporter called the police to get comments from them about why Hamzat was arrested, the personnel asked him to “come down to the FIB office”.
Embattled DCP Abba Kyari has escaped being murdered inside Kuje prison.
According to reports, prison officials are now considering moving the suspended police officer to the custody of the State Security Service (SSS) after he nearly got murdered by aggrieved inmates, who accused him of insincerity in bribe-for-release deals when he was in active service.
According to internal documents and officials accessed by PREMIUM TIMES, the attack happened on May 4, months after Kyari, who is on trial for drug-related offences, was remanded. His attackers were about 190, an official said, and they are mostly in prison for drug offences.
The Kuje attackers claimed Kyari prosecuted them despite taking bribes from them, our sources said. One of the sources, a state investigator and intelligence officer, described Kyari as a “dodgy criminal.”
Kyari has not been convicted of any crime and has said he is innocent of the allegations for which he has been charged.
Quoting the inmates, our sources said Kyari was “eliminating smaller (drug) dealers to clear the field for Afam Ukatu,” a suspected billionaire drug baron allegedly behind N3 billion Tramadol deal linked to Mr Kyari.
“Inmates claimed that upon arrest, Abba Kyari demanded bribes to kill the case, then still prosecuted them,” a Kuje prison source who accessed the testimonies of the aggrieved inmates, said.
The spokesperson for the Nigerian Correction Service, Francis Enobore, denied the attack on Kyari. But PREMIUM TIMES confirmed the attack from officials with direct knowledge of it and the service’s internal documents.
According to sources, Kyari was rescued by officials and has since been kept in an isolated cell “under heavy protection where no one sees him for fear of attack or poisoning.”
To ‘buy’ his safety, Kyari had to pay each of the aggrieved inmates N200,000 ‘in initial settlement fees’ and then ‘procured DSTV subscription for cells to buy loyalty and peace,’ one source said.
However, Mr Enobore, who speaks for the correctional service, said, “I am not aware Abba Kyari paid anybody to secure his safety in prison.”
Kyari is alleged to have amassed wealth far in excess of his fair earnings by inverting his role as a law enforcement officer and involving in illicit activities. In April, NDLEA said they marked properties in Borno, Kano, Lagos, and Abuja ‘linked’ to the disgraced officer.
Despite the ‘settlements’ the aggrieved inmates have continued to threaten Kyari’s life, the sources said.
“Regardless of the level of protection, they vowed to get him,” a source said. “The inmates have given him an ultimatum to return all he extorted from them or be killed.”
“Relevant officials have assessed that he will be killed or badly injured if he continues to be remanded in Kuje.”
An official recommendation has therefore been made that Mr Kyari should be transferred out of Kuje to an SSS facility.
The SSS spokesperson, Peter Afunanya, did not answer calls, nor did he reply to a text requesting he comment on this report.
Meanwhile, prison sources described Kyari’s life in Kuje.
“So far, he has every relevant officer on his payroll. They do his bidding, he sees his wife, and he has access to mobile devices and marabouts,” one source said.
Ecobank Transnational Incorporated holds its 34th AGM and Shareholders approve resolutions
Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, the leading pan-African bank with operations across 33 African countries, today held its 34th Annual General Meeting (AGM) in Abidjan, Côte d’ Ivoire.
Alain Nkontchou, Chairman Ecobank Group said: “2021 was a transformational year for the Group and the Board is pleased to be rewarding shareholders with a dividend for the first time since 2016. Our results show that we are maximising operational efficiencies and successfully transforming our business for sustainable long-term growth. As we continue to deliver on our strategic imperatives, we are firmly positioned as the ideal partner for households and businesses to grow and succeed, and to foster Africa’s economic development, while continuing to grow our revenues and value.”
Ade Ayeyemi, Chief Executive Officer, Ecobank Group, further observed: “The Group’s years of consistent and disciplined management, decisive action, investments in people and innovative technology are producing tangible results with 2021’s record growth in profits. Our scalable payments ecosystem endows us with low cost-to-serve and the readiness to facilitate the expected huge growth in payments and collections. This, coupled with our intent to be the trade bank for sub-Saharan Africa, makes us a key player in helping Africa’s businesses and economies to maximise the huge opportunities created by the African Continental Free Trade Area (AfCFTA).”
Ade added that the Bank’s first quarter results for 2022 provided a clear confirmation of Ecobank Group’s continuing strong and sustained performance trajectory reinforcing the Bank’s reliability and capacity to successfully deliver on its Africa-focused purpose and support for the continent’s economies, regardless of the prevailing challenges. “We are steadfast in our determination to win for all our stakeholders,” he noted.
Shareholders applauded the Group’s impressively strong performance in 2021, which was achieved despite the challenging environment. The Group’s profit for the year was $357 million compared with $88 million in 2020, although the latter was adversely affected by a goodwill impairment charge of $164 million. The Group’s net revenues increased by 4.6 per cent to $1,757 million.
Ecobank’s ‘One Market. Endless possibilities.’ AGM theme underlines the infinite possibilities offered by the African market, especially in the era of the AfCFTA. The Bank is ready to maximise this one market with endless possibilities with its customers and clients by providing support to trade and satisfying the financial needs of customers and clients, using its innovative solutions and services. With an unrivalled African footprint, strong balance sheet and ability to tap capital markets as necessary, Ecobank’s Commercial, Corporate and Investment, and Consumer Banking divisions’ continued and effective growth and impact is assured.
The Shareholders approved all the resolutions presented at the AGM, including the appropriation of profits, the renewal of the mandates of directors and the appointment of alternate auditors.
Governor Charles Chukwuma Soludo of Anambra State on Wednesday evening declared a curfew in seven Local Government Areas of the State.
The seven Local Government includes Aguata, Ihiala, Ekwusigo, Nnewi North, Nnewi South, Orumba North and Orumba South.
The governor made the declaration in a statewide broadcast on Wednesday.
The curfew which takes effect from Friday will be in force until normalcy returns to the affected areas.
“With effect from tomorrow, Friday, 26th May, 2022, a 6pm to 6am curfew is hereby placed on motorcycles (okada), tricycles (keke), and shuttle buses in Aguata, Ihiala, Ekwusigo, Nnewi North, Nnewi South, Ogbaru, Orumba North and Orumba South Local Governments until further notice.
“Also, motorcycles, keke and shuttle buses are banned from operating in these local governments on Mondays until the Sit-at-Home completely stops,” he said.
Naija News reports that Soludo declared the curfew following an increase in killings and attacks on government properties by unknown gunmen who many believe to be members of the outlawed Indigenous People of Biafra (IPOB).
Senator Stella Oduah’s bid to return to the Nigerian Senate through the Peoples Democratic Party (PDP) ticket may have suffered a set back.
This is coming as the National Youth Service Corps (NYSC) says the lawmaker representing Anambra-North senatorial district did not complete the mandatory one-year NYSC programme.
The NYSC in a letter marked NYSC/DHQ/PPRU/783/Vol III by the Director-General of the NYSC which was signed on his behalf by the Director, Press and Public Relations, Eddy Megwa, said Oduah commenced her NYSC programme in 1982 but absconded.
According to The PUNCH, the letter was in response to an inquiry by a group known as the Concerned Anambra North PDP Stakeholders.
The group had in a previous letter written to the NYSC accused some of its officials of colluding with Oduah to hide the truth.
In its response, titled, ‘Re: Doubtful NYSC Participation Collusion of Some Unscrupulous Staff of NYSC Concerning Stella Adaeze Oduah (Senator), Save the Image and Reputation of the Scheme’, the NYSC denied colluding with Oduah to hide the truth.
The letter read in part, “In response to your request, we wish to state that the facts of the matter remain as follows: Stella Adaeze Oduah was mobilised for national service in 1982/1983 service year and deployed to Lagos State.
“After the orientation course, she absconded and never completed the national service. The consequence of this is that she is not qualified for the issuance of the certificate of national service.”
Section 2 (1) of the NYSC Act makes it obligatory for every Nigerian who graduates to “make himself available for service for a continuous period of one year from the date specified in the call-up instrument served upon him.”
According to the NYSC Act, the four categories of individuals exempted from the national service are those who graduated above the age of 30, those who have served in the Armed Forces or the Nigeria Police for a period of more than nine months; those who served in intelligence organisations and individuals who bagged national honours before graduation.
It remains unclear how Oduah’s failure to complete her NYSC escaped the scrutiny of agencies like the Department of State Services which usually vet ministerial nominees.
In her form CF001 forms submitted to the Independent National Electoral Commission in 2019, Oduah claimed that she completed her NYSC but her certificate was missing along with other credentials.
An affidavit she deposed to read in part, “Sometime in 2010 while in transit from Akili Ozizor in Ogbaru local government area to Abuja, I discovered that some of my personal belongings were missing.
“The missing documents are the originals of my West African School Certificate of 1978 from Zixon Secondary School Ozubulu, First School Leaving Certificate from St. John Odoakpu Onitsha; Bachelor of Science in Business Administration Certificate 1982 from St. Paul’s College Lawrence Virginia USA; National Youth Service Corps certificate 1983, national identity card, United States of America Social Security card with numbers in it.”
Oduah had served as Minister of Aviation before she was relieved of her duties by former President Goodluck Jonathan.
The PUNCH reports that the group, Concerned Anambra North PDP Stakeholders had petitioned the Chairman of the Peoples Democratic Party, Senator Iyorchia Ayu.
The group asked the PDP to disqualify Oduah who has been screened to contest in the primary.
The group in a letter dated April 26, 2022, attached all necessary evidence to the party. However, there had been no response.
WEMA Bank Reiterates Commitment To Customer Data Confidentiality
The attention of Wema Bank has been drawn to recent reports of members of the public receiving text messages with account numbers.
We implore members of the public that, as a financial institution, Wema Bank takes issues around data integrity and breaches seriously, and we are currently investigating the reports. Recently, we embarked on a massive activation campaign in the month and wish to state that all accounts opened are valid and fit for use. We would like to reassure our customers that we keep all customer data confidential.
Do note, however, that no account can be activated except by the owner of the account, when the person downloads the app and proceeds with account confirmation.
Again, we implore everyone to keep their personal details safe as scammers are on the prowl and would use all opportunities to defraud customers. Where you think your data may have been compromised, please change all your passwords and PINs immediately.
We want to assure all our customers that your financial transactions remain safe and secure with Wema Bank. We appreciate all our customers for choosing to bank with us and urge them to refer our simple, convenient, and reliable digital banking services via ALAT to their friends and family.
Maverick Entertainer and activist, Charly Boy has slammed the operatives of the Economic and Financial Crimes Commission (EFCC) for forcefully entering the Abuja residence of the former Imo State Governor, Senator Rochas Okorocha.
Naija News earlier reported that EFCC operatives on Tuesday laid siege on the private residence of Okorocha who is a presidential aspirant on the platform of the All Progressives Congress.
In the viral video, officials of the EFCC could be seen forcefully breaking through the ceiling of the two-time governor whose house is located at No 3, Nyasa Close, Off Ontario Street, Abuja.
Reacting to the development, Charly Boy condemned the breaking into the home of the former governor by officials of the anti-graph agency.
According to the controversial media personality, the EFCC is wrong to forcefully gain entrance into the home of Okorocha in the way they did.
He added that even though there is no love between the politician and himself, Okorocha can’t be compared with other Nigerian politicians.
In his own words; “There is no love lost between me and Rochas Okorocha, I cant stand him along with most Nigerian Politicians. But dis is wrong, dis is jungle. No be the same Efcc we know.😏
What’s all dis kinda over-gallantry. Only in Nigerian.”
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