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LASAA Staff Faces Sanctions For Policy Breach After Viral Allegation, Cleared Of Fraud

 

The Lagos State Signage and Advertisement Agency (LASAA) has announced that an internal investigation has cleared a staff member of a fraudulent transaction allegation that recently went viral on social media. However, the employee will still face disciplinary action for violating the agency’s strict ‘no cash’ policy and using a personal account for a transaction.

 

The controversy according to a statement from the agency, began with a social media post alleging that LASAA staffer, Olukayode John Adetifa, had improperly collected ₦45,000 from a client, MJ Beauty Salon, via his personal Opay account but only issued a receipt for ₦7,100.

 

Following the initial outcry, LASAA issued a press statement acknowledging the serious allegation and immediately directing Mr. Adetifa, who is deployed to the Alimosho Branch Office, to report for an immediate investigation and disciplinary proceedings. The agency emphasized that all payments must be made only through officially designated government channels and reiterated its commitment to transparency.

 

The subsequent fact-finding by the Agency’s disciplinary panel, which included a visit to the business owner, paints a complex picture of the transaction.

 

Mr. Adetifa explained to the panel that the business had multiple unregistered signs and was slated for enforcement. During a final visit to encourage registration, the client, MJ Beauty Salon, agreed to pay. She claimed she was feeling unwell and offered him cash, which he declined. The client then requested his assistance to make the official online payment, to which he obliged in an effort to secure the long-overdue revenue.

 

He collected ₦40,000 from the client, which he stated covered the full fees for the three signs: the Application Processing Fee of ₦7,140, the Permit Fee of ₦28,880 and payment gateway charges. He then registered the signs online in the client’s presence, assuring her she would receive the official notification by email. Mr. Adetifa also reported receiving threatening messages later regarding the payment balance.

 

The owner of MJ Beauty Salon subsequently confirmed this version of events to the LASAA Management team, admitting that she was unaware of the viral post and apologized for the misunderstanding. She specifically stated that Mr. Adetifa collected no gratification and disassociated herself from the X (formerly Twitter) handler who misrepresented the story.

 

Despite clearing Mr. Adetifa of fraudulent intent, LASAA confirmed that he still committed a serious offence. “It is glaring that our Staff though has no fraudulent intent as seen from his explanation and that of the client, he has still committed an offence by collecting client’s money in his personal account contrary to the Agency’s policy,” the management stated.

 

Mr. Adetifa will be dealt with in accordance with the Public Service Rules upon the conclusion of the disciplinary committee’s report.

 

LASAA used the opportunity to urge the public to always follow due process, specifically the “no cash policy or payment to personal account for no reason” as the agency’s processes are self-service, seamless and automated. They also reiterated that they do not have any agents and implored clients to transact directly via the official website.

 

The agency urged the public to report genuine issues responsibly and warned against spreading false information that undermines government services.

Cadbury Nigeria Pays Tribute to Kolade, the Company’s First Indigenous Managing Director

Cadbury Nigeria Plc, a subsidiary of Mondelēz International, one of the world’s largest snacking companies, has paid glowing tribute to Dr. Christopher Kolade, a former Managing Director and later Chairman of the Company, who passed away recently at the age of 92.
This announcement was contained in a statement issued by Frederick Mordi, Head, Corporate Communications and Government Affairs, Cadbury Nigeria, on behalf of the Company.
According to the statement, Cadbury Nigeria described Dr. Kolade, who was the Company’s first indigenous Managing Director, as an accomplished corporate colossus, a distinguished diplomat, and an intellectual giant that nurtured many business leaders.
The Chairman, Cadbury Nigeria, Mr. Adedotun Sulaiman, said: “The Board, Management and Staff of Cadbury Nigeria, join the family of Dr. Kolade and indeed Nigerians, to mourn the demise of one of the finest administrators that this country has ever produced.
“Dr. Kolade played a key role in the transformation of our Company and contributed immensely to the development of Nigeria’s human capital in various capacities. While we will miss him greatly, we are comforted in knowing in that he left behind enviable legacies.”
Oyeyimika Adeboye, Managing Director, Cadbury Nigeria, added that he was a stickler for discipline, a symbol of corporate governance, and an advocate of strong ethical leadership.
Adeboye said: “We flagged off our 60th anniversary with a fireside chat with Dr. Kolade, earlier in the year, as a mark of honour. Cadbury Nigeria Alumni Association (CNAA) Annual Lecture is named after Dr. Kolade, while a road within our corporate headquarters, bears his name.”
Dr. Kolade, the first Nigerian Managing Director, who later became Chairman of the Board of Cadbury Nigeria, joined the Company in 1978, and retired in 2002. He served as Nigeria’s High Commissioner to the United Kingdom, from 2002 to 2007.
He was a faculty member of the Lagos Business School (LBS) and the School of Media and Communications (SMC), both affiliated to the Pan-Atlantic University. He taught Corporate Governance and Human Resource Management at LBS and Leadership and Conflict Management at SMC. Dr. Kolade was also a former Pro-Chancellor and Chairman of the Governing Council of Pan-Atlantic University and Chancellor of McPherson University, Ogun State, Nigeria.
An ace broadcaster, he was a Fellow of the Society of Nigerian Broadcasters, and a Fellow of the Institute of Directors, Nigeria, among others. He was awarded the national honor of Commander of the Order of the Niger (CON) in 2000, in recognition of his contributions to nation-building.
Cadbury Nigeria, which he helped nurture to greatness during his stint with the organisation, is recognised as a ‘Top Employer in Nigeria’ by the Amsterdam-based Top Employers Institute. The Company is also listed Among ‘Top 100 Companies in Nigeria’ and ‘100 Best Companies to Work for in Nigeria.’
NEC Appoints Gov. Mbah Chairman Of Committee On Overhaul Of Security Training Institutions

Mbah to chair NEC committee on overhaul of security training institutionsLarryBravo Nwaiwu
Enugu State Governor, Dr. Peter Ndubuisi Mbah, has been entrusted with a pivotal national assignment as the National Economic Council (NEC) appointed him Chairman of the high-powered committee mandated to revamp training institutions for Nigeria’s security agencies.
NEC, at its 152nd meeting held at the Presidential Villa, Abuja, on Thursday, endorsed President Bola Ahmed Tinubu’s proposal for a sweeping overhaul of security training facilities across the country.
To give life to this vision, the Council unanimously resolved to place Governor Mbah at the helm of the strategic reform committee, a move widely seen as recognition of his proven record of disruptive innovation, reform-minded governance, modernization of the state’s security architecture, and result-driven leadership in Enugu State.
The committee, chaired by Mbah, has one month to deliver a blueprint for the renovation and modernization of training institutions for the Nigeria Police Force and sister security agencies.
Former Inspector-General of Police, Baba Usman, will serve as secretary, while Governors Uba Sani (Kaduna), Dapo Abiodun (Ogun), Kefas Agbu (Taraba), Umoh Eno (Akwa Ibom), Dauda Lawal (Zamfara), and Abdullahi Sule (Nasarawa) will serve as members.
Governor Mbah’s appointment places him at the centre of Nigeria’s new push to strengthen national security architecture through improved training, facilities, and conditions for personnel.
His leadership is expected to translate the federal government’s vision into actionable reforms that will reverse years of decay in police and paramilitary training institutions.
President Tinubu, while addressing NEC, stressed the urgency of the task.
 “We have to make the conditions of the training facilities more conducive for both the trainers and trainees,” he stated.
Enugu Council Of Presidents-General Backs Governor Mbah’s Move To APC

Enugu Council Of Presidents-General Backs Governor Mbah's Move To APC |  Independent Newspaper NigeriaLarryBravo Nwaiw
The Enugu State Council of Presidents-General has declared total support for Governor Peter Mbah following his recent defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), describing the move as a masterstroke that has repositioned Enugu State at the heart of national decision-making.
The declaration was made on Thursday in Enugu during a capacity-building workshop organised by the Council for President-Generals across the state, aimed at enhancing their leadership and service delivery at the grassroots level.
Speaking at the event, the President of the Council, Hon. Arinze Ogbodo, commended the governor for his transformational governance model, describing him as a visionary leader committed to delivering accelerated development across the 260 wards of the state.
According to Ogbodo, the Council’s endorsement of Mbah’s decision to join the APC was unanimous and rooted in the collective aspiration of the people to align Enugu State with the centre of power.
“What the governor did recently was a collective decision of the people. He listened to the voices of our people to align the state with the centre of power and decision-making.
“Enugu has regained its voice in national politics, and we are already beginning to feel the positive impact of being part of the ruling party at the federal level. Finally, our voices could now be heard,” he said.
He noted that communities across the state were already witnessing rapid development under the Mbah administration, citing ongoing infrastructure expansion, rural electrification, and the governor’s signature Smart Green Schools and Type-2 Primary Healthcare Centres as clear indicators of effective governance.
Ogbodo also urged the government to consider upward review of benefits for community leaders to strengthen their roles as partners in development.
“Our loyalty and support for Governor Mbah remain unwavering. We will continue to sustain peace, complement the government’s efforts in security, and take ownership of projects in our various towns,” he affirmed.
In his remarks, the Commissioner for Local Government, Rural Development and Chieftaincy Affairs, Hon. Okey Ogbodo, reiterated the state government’s commitment to empowering town unions as strategic partners in community development.
He explained that the ministry was intensifying its reform agenda through initiatives such as reviewing the town union constitution and operational guidelines, establishing a Community Coordination Department, and introducing regular leadership training for Presidents-General.
“This workshop underscores our shared vision to transform every community in Enugu into a modern, organized development unit aligned with the state government’s overall direction,” the Commissioner stated.
According to him, the role of town unions in mobilizing citizens and communicating government policies at the grassroots cannot be overemphasized.
Participants at the event lauded the initiative, describing it as a timely intervention to strengthen community governance and deepen collaboration between the state and its local institutions.
Smartcash Redefines Digital Banking In Nigeria With Zero-Charges In Transfers, Bills, SMS Alerts

By Winifred Bosa
In a bold and unprecedented move, Smartcash Payment Service Bank (Smartcash PSB), a subsidiary of Airtel Nigeria, has announced Zero-Charges, a total removal of transaction fees across all interbank transfers, bill payments, and SMS notifications.
The Zer0-Charges innovation from Smartcash is designed to break down financial barriers and reduce costs for millions of Nigerians. It aims to drive the adoption of digital banking services, creating a more inclusive and affordable financial ecosystem that benefits both existing customers and new users, including those without a bank account.
At the unveiling of the service, Tunde Kuponiyi, CEO of Smartcash PSB, emphasized that the innovation will ease financial pressure on households and small businesses while accelerating broader financial inclusion across Nigeria.
He said, “This is more than just a pricing adjustment; it is a revolution in how Nigerians experience digital banking. By removing fees across transfers, bill payments, and even SMS alerts, we are putting the customers at the center of financial innovation and inclusiveness. This initiative not only reduces costs for families and businesses but also opens the door for millions of unbanked Nigerians to confidently embrace digital finance without the fear of hidden charges.”
Kuponiyi further reiterated how millions of Nigerians depend on mobile and digital platforms for their daily transactions, and with the removal of fees, Smartcash PSB is set to reinforce its position as a truly customer-first organization, one that prioritizes affordability and drives financial inclusion and accessibility, while aligning with Airtel’s broader commitment to transforming lives through innovation and connectivity.
The Smartcash Zero-Charges model is designed to foster a more inclusive financial ecosystem. It is expected to set a benchmark in Nigeria’s financial services industry, with a potential to reshape customer expectations and industry standards.
“At Smartcash, we believe technology and financial services should empower, not limit. The launch of Zero-Charges underscores our commitment to enabling a more inclusive, accessible, and affordable financial ecosystem for Nigerians. This is about more than convenience; it’s about empowerment, giving every customer, from urban centers to rural communities, the opportunity to transact seamlessly without worrying about cost,” Kuponiyi added.
By removing charges, Smartcash is demonstrating its commitment to trust, transparency, and customer-first innovation.
Nigeria Can Achieve $1 Trillion Economy By 2030 Through Strategic Investments – Adeduro

 
By Fidelia Okafor 
The Managing Director and Chief Executive Officer of Tangerine General Insurance Company Limited,  Mr. Ademayowa Adeduro, has said Nigeria can achieve its target of a $1 trillion economy by 2030 if it prioritizes infrastructure development, invests in agriculture, enhances power supply, and creates enabling environments for youth entrepreneurship and small businesses.
He stated this at the 2025 annual national conference of the Finance and Business Online Publishers Association (FiBOP) held over the weekend in Lagos with the theme “Leveraging Technology Innovations, Tax Reforms and Opportunities in Renewable Energy and Agriculture to Achieve One Trillion Dollar Economy.”
Mr. Adeduro who was a member of the panelists who discussed the theme paper at the conference, stressed that the road to economic transformation requires strategic alignment between policy, innovation, and investment.
He noted that key sectors of the economy must be unlocked and supported to contribute meaningfully to the nation’s gross domestic product (GDP).
“Infrastructure is fundamental,” Adeduro said. “We cannot grow a modern economy without efficient transportation systems, reliable power, and digital connectivity. Roads, railways, ports, and logistics infrastructure are not just enablers — they are economic multipliers. Every naira spent on infrastructure has a ripple effect across other sectors.”
He highlighted ongoing federal projects such as the Lagos-Ibadan rail and the Lekki Deep Sea Port as signs of progress that must be sustained.
The insurance executive also emphasized the untapped potential in Nigeria’s agricultural sector, calling for increased mechanization, irrigation systems, storage infrastructure, and access to finance. “Agriculture remains our largest employer, but it must be transformed from subsistence to structured agribusiness. We need to develop full value chains, from production to processing to export, and integrate technology for better efficiency,” he added.
Power supply, Adeduro said, remains one of the most critical issues to resolve. He argued that no meaningful industrial or technological growth can occur without a stable and affordable energy supply. “Investment in renewable energy, especially in off-grid solutions for rural communities, can stimulate localized economies and support SMEs. A decentralized approach to energy, combined with regulatory reforms, will be a game-changer,” he said.
On the telecommunications and digital innovation front, Adeduro described the sector as one of Nigeria’s most dynamic and transformative. He pointed to fintech, e-commerce, and mobile banking as evidence of how digital infrastructure drives inclusive growth. “Expanding broadband access and supporting local tech startups can position Nigeria as a regional leader in the digital economy,” he noted.
He also highlighted education and youth development as central to Nigeria’s economic ambitions. With over 60% of the population under the age of 30, Mr. Adeduro said human capital investment must go beyond literacy to include digital skills, vocational training, and entrepreneurship. “We must channel the energy of our youth into productive ventures. Entrepreneurship is the future of employment, and SMEs are already contributing nearly half of our GDP,” he said.
While acknowledging ongoing economic challenges, Adeduro expressed optimism that Nigeria’s trillion-dollar goal is achievable with focused leadership, continuity in reforms, and collaboration between the public and private sectors. He urged the government to reduce bureaucratic hurdles, promote transparency, and foster a business-friendly environment that attracts both local and foreign investment.
“Innovation, investment, and inclusion must be the pillars of our economic agenda,” he concluded. “If we get it right in agriculture, power, education, and infrastructure, Nigeria will not just reach the $1 trillion mark — we will become the economic powerhouse of Africa.”
UNICEF Welcomes Zephia Ovia-Ikem As NextGen Champion To Accelerate Children’s Rights In Nigeria

 Wafaa Saeed , Representative, UNICEF Nigeria has  announced the appointment of Zephia Ovia-Ikem as a UNICEF NextGen Champion, joining a global network of investors, philanthropists, and private sector leaders dedicated to advancing children’s rights and accelerating progress for children and young people in Nigeria.
Zephia Ovia-Ikem is a Tech and Social Entrepreneur and a vocal advocate for youth empowerment. She has supported UNICEF’s Generation Unlimited Nigeria (GenU 9JA) initiative since its inception. In her new role as NextGen Champion, Zephia will mobilize business leaders around the rights and needs of children and young people, leveraging her networks and platforms to raise awareness and mobilize resources to accelerate UNICEF’s work across Nigeria.
“Children and youths in Nigeria represent our greatest asset and brightest future,” said Zephia Ovia-Ikem. “I am passionate to work alongside UNICEF to mobilize resources, networks and commitment needed to ensure that every child and youth in Nigeria can thrive and have access to sustainable pathways for better economic opportunities.”
Wafaa Saeed, speaking on the appointment, emphasized the significance of NextGen Champions in driving private-sector collaboration for child rights. “Welcoming Zephia to the UNICEF NextGen Champion family strengthens our ability to rally leaders who can catalyze resources, advocate for policy priorities, and create durable opportunities for Nigeria’s next generation.”
Zephia joins a global cohort of NextGen Champions who use their influence and expertise to champion UNICEF’s mission to protect the rights of every child and to help children survive, thrive, and fulfill their potential.
UNICEF NextGen Champions are a global network of young and seasoned leaders from the private sector, philanthropy, and impact investing who advocate for children’s rights, mobilize resources, and accelerate progress for children and young people around the world. In Nigeria, GenU 9JA is a key UNICEF initiative focused on expanding access to education, digital inclusion, and sustainable economic opportunities for youth.
‎Cycling Kano 2025: Organisers Launch Online Registration Ahead Of December Event

By Winifred Bosa


‎The organisers of Cycling Kano 2025, a major sporting event designed to promote healthy living, tourism, and youth engagement in Northern Nigeria, have announced the commencement of online registration for athletes across the country and beyond.

‎The event, scheduled for Saturday, December 20, 2025, in Kano State, is jointly organised by the Kano State Government in partnership with BrandEscort, a leading brand and event management company. Cycling Kano 2025 is expected to attract professional cyclists, fitness enthusiasts, and recreational riders from Nigeria and other parts of Africa.

‎According to the organisers, interested cyclists can now register via the link below:
https://docs.google.com/forms/d/e/1FAIpQLSdaOy9-ueKCq-yPq4SylPngK8PI-iTm38Ej4Tskpwbl-rj8HA/viewform

‎Participants are required to select their preferred race category and provide the necessary details to complete their registration.

‎Speaking on the development, Bamidele Adeleye, Managing Director of BrandEscort Communications, described the registration phase as a major milestone in the build-up to what promises to be the biggest cycling event ever held in Northern Nigeria.

‎ “We are excited to open registration for cyclists from different parts of the country for this year’s Cycling Kano event. Cycling Kano is more than a race — it’s a movement to inspire healthy living, promote tourism, and foster unity through sports,” Adeleye stated.

‎He added that the 2025 edition themed Health And Wellness will feature multiple race categories, including professional, amateur, children and community fun rides, with attractive prizes and recognition for outstanding performances.

‎Special Adviser to Kano State Governor on Youth and Sports Development, Sani Musa Danja has assured  participants of adequate security and logistics arrangements, in collaboration with relevant state agencies, to ensure a safe and successful event.

‎Cycling Kano 2025 is part of the broader Cycling Nigeria initiative, a national project designed to promote cycling culture and its health and environmental benefits across the country.

‎The annual Cycling Kano event is organized by the Kano State Government in collaboration with BrandEscort Communications.

‎For sponsorship, media partnership, or volunteer opportunities, interested organisations and individuals are encouraged to contact the organisers at cyclingkano@gmail.com or visit the official social media pages for more details.

Lasaco Assurance Records Strong 2024 Result With N13.19bn Claims Payment, 25% Revenue Growth

 

L-R: Deputy Managing Director, Corporate Service, Lasaco Assurance Plc, Mr. Rilwan Oshinusi; Executive Director, Technical, Ademoye Shobo; Director, Ademola Oshodi; Director, Biodun Dosunmu; Company Secretary, Mrs. Gertrude Olutekunbi; Chairman, Mrs. Maria Olateju Phillips; Managing Director, Razzaq Abiodun; Director, Fola Tinubu; and Non-Executive Director, Tobi Lawal, during the company’s 25th Annual General Meeting (AGM) held in Lagos today, Thursday.

Amid Nigeria’s challenging macroeconomic environment, Lasaco Assurance Plc has reaffirmed its commitment to policyholder trust and financial prudence with a total claims payout of ₦13.19 billion in 2024.

 

Speaking at the company’s 25th Annual General Meeting (AGM) held in Lagos, the Chairman, Mrs. Maria Olateju Phillips, said the claims expenditure underscores Lasaco Assurance’s dedication to fulfilling its obligations and supporting customers in times of need.

 

“Our ability to settle N13.19 billion in claims despite the prevailing economic headwinds reflects the strength of our balance sheet, prudent risk management, and unwavering focus on customer satisfaction,” she stated.

 

The Chairman noted that Lasaco Assurance demonstrated remarkable resilience and operational strength during the financial year, with insurance revenue rising to N22.82 billion in 2024, a 25% increase from N18.29 billion in 2023. The company also recorded a Profit After Tax (PAT) of N1.54 billion, representing an 18% growth over the previous year’s N1.31 billion.

 

She explained that the company’s strong performance was driven by market penetration initiatives, improved customer engagement, and disciplined cost optimization.

 

Despite rising regulatory costs and inflationary pressures, Lasaco’s total assets expanded to N30.94 billion, reflecting a 13% year-on-year growth, thereby reinforcing its liquidity and capacity to meet policyholder obligations.

 

In a move to strengthen its capital base and enhance competitiveness within the insurance industry, the company raised N11.1 billion through a private placement, adding 9.25 million new shares to its existing shareholding structure.

 

Looking ahead, , Mrs. Maria Olateju Phillips outlined the company’s strategic outlook for 2025 and beyond, emphasizing innovation, digital transformation, and sustainability as key growth drivers.

 

She said Lasaco Assurance is investing in advanced software and omnichannel customer engagement tools to enhance service delivery, while also expanding retail insurance offerings through targeted products and strategic partnerships.

 

“We are not merely adapting to the future; we are defining it,” she affirmed. “With a clear vision, a strong financial base, and an unwavering commitment to excellence, Lasaco Assurance Plc is poised to set new benchmarks in Nigeria’s insurance industry.”

 

The Chairman expressed appreciation to shareholders, regulators, employees, and clients for their continued trust and support, assuring them that the company remains steadfast in its mission to create sustainable value and deliver on its promises.

NCRIB President Wants NIIRA ’25 To Launder Insurance, Get It Out Of Shadow

 

 

 

Amaka Obiefuna

 

 

 

The President of Nigerian Corporation of Registered Insurance Brokers, Prince Babatunde Oguntade is optimistic that “taking the insurance industry out of the blighted imagery” can be attained by unambiguous implementation of the Nigerian Insurance industry Reform Act 2025.

 

He made this known at the National Insurance Brokers Conference and Exhibition in Lagos Thursday October 24, stressing that, “Our industry can no longer remain the shadow of itself.”

 

He emphasizes his objection to the state of the industry, “We have been undervalued for too long, as it concerns our relevance to national development. No nation develops beyond its level of insurance appreciation, as the bedrock of it’s economy.”

 

Drawing a line between insurance in Nigeria and other developed climes he said, “The insurance industry is the major source of investible funds in other economies and in fact own banks, but this is not the case in Nigeria as the industry is at the backwaters of the various economic considerations of government.”

 

Upbeat about what taking place in the industry he said, “I want to specifically appreciate the various initiatives of the present administration in rejigging the insurance industry, especially through a more favorable legislation. It is hoped that with NIIRA 2025, the situation will change.

 

As a pathing to fellow brokers who he ceases to lead from October 25, Oguntade said “I would like to acknowledge the tireless efforts of our members, whose dedication and professionalism have been instrumental in shaping the insurance landscape in Nigeria. Your commitment to excellence and customer satisfaction as insurance brokers and the only professional intermediary in the insurance value chain is bedrock of our industry’s growth.”