Photo News for CIFM Award Win


The Finance and Business Online Publishers Association (FiBOP) is set to host its 2025 Youth Capacity Building and Empowerment Program on April 15, 2025, at the MUSON Centre in Lagos.
The event, themed “Empowering Nigerian Youths with Knowledge of Insurance, Digital Payment and Investment to Drive Financial Inclusion,” aims to promote financial inclusion and empower Nigerian youths.
The Deputy Governor of Lagos State, Dr. Kadri Obafemi Hamzat, has been invited as a Special Guest of Honour.
The Chairman Organising Committee, Barnabas Esiet, said everything necessary has been put in place to make the event a memorable one.
According to him the event will bring together over 200 Senior Secondary School students and teachers from various educational districts in Lagos State.
The program is supported by top Nigerian companies and institutions, including Sanlam Life Insurance Nigeria, Coronation Insurance PLC, Cornerstone Insurance PLC, AIICO Insurance PLC, and NEM Insurance Plc.
Other supporting partners include the National Insurance Commission (NAICOM), Nigerian Agricultural Insurance Corporation (NAIC), Chartered Insurance Institute of Nigeria (CIIN) in partnership with College of Insurance and Financial Management (CIFM), Nigerian Insurers Association (NIA), Lagos State Ministry of Education, and MTN Nigeria.
The program is designed to impart the youth with knowledge of insurance, Information and Communication Technology (ICT), and financial literacy, equipping them with the skill set required to play effectively in the current dynamic financial landscape and for future leadership roles.
The President of FiBOP, Charles Onwuatogwu, highlighted that the program is part of FiBOP’s initiative to promote financial literacy and awareness among secondary school students in Lagos and other states of the federation.
Renowned professionals in the Insurance, ICT, and financial sector are expected to speak at the event, which will also celebrate notable figures who are seen as sources of inspiration for the upcoming generations.
FiBOP is a duly registered association of online publishers with a clear mandate to build capacity and make impactful contributions to the growth and development of the Nigerian economy and the continent of Africa as a whole.
The partnership with top companies demonstrates FiBOP’s commitment to empowering Nigerian youths with the knowledge and skills required to drive financial inclusion and contribute to the nation’s economic growth.
LarryBravo Nwaiwu
A group of petroleum industry experts has criticized the recent appointment of Mr. Aminu Said Ahmed to the Board of the Nigerian National Petroleum Company Limited (NNPC Ltd), describing it as a violation of the Petroleum Industry Act (PIA) 2021.
In a statement signed by Mr. Abolade Adewale, Secretary of the PIA Watchdog Monitors, the group criticized the appointment of Ahmed — a Senior Manager at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) — as the Ministry of Petroleum Resources (MPR) representative on the NNPC Ltd Board.
Citing Section 59(2)(d) of the PIA, the experts argued that board representation from the MPR must be at least at the rank of a Director. Ahmed, they emphasized, is not only below the required grade but also not a staff member of the Ministry, which makes his nomination both illegal and institutionally inappropriate.
They further clarified that the NMDPRA, while under the petroleum sector umbrella, operates independently of the MPR and therefore cannot validly represent it on the NNPC Ltd Board.
“This appointment defies the spirit and letter of the PIA, which aims to ensure transparent and merit-based representation. It sets a dangerous precedent and weakens ministerial oversight,” the statement read.
The group also pointed out that the Federal Ministry of Finance (FMF) is represented on the board by its Permanent Secretary, in line with statutory provisions. They urged President Bola Ahmed Tinubu to restore balance and legality by appointing the Permanent Secretary of the MPR as its official board representative.
Additionally, the experts raised concerns about recent trends in which non-Ministry personnel are assigned to represent Nigeria at international petroleum forums such as OPEC. According to them, Section 3(1)(d) of the PIA empowers the MPR to lead such delegations. Bypassing the Ministry, they warned, undermines institutional memory and could harm Nigeria’s global energy reputation.
“All petroleum-related international appointments should be made through formal processes by the Minister, and limited to serving Ministry officials,” Adewale insisted.
The group called on the President to reverse the appointment of Aminu Said Ahmed and reaffirm his administration’s commitment to lawful governance and regulatory integrity in the petroleum sector.
The Executive Chairman and Chief Executive Officer of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, has described the death of a former governor of Oyo State, Dr Omololu Olunloyo as the dropping of one of the finest stars from Nigeria’s sky.
Olunloyo’s death was announced by the family early Sunday morning.
Adedeji, in a statement by his Special Adviser (Media), Dare Adekanmbi, said that the deceased was a genius of a rare breed, adding that he marvelled at Olunloyo’s intellectual depth and native intelligence.
“Papa Olunloyo could rightly be described as Nigeria’s Albert Einstein. He graduated with First Class Honours and proceeded to bag a PhD in Applied Mathematics at the age of 26 at the University of St Andrews, Scotland.
“Every moment I shared with Papa while he was with us was an opportunity to pick lifelong lessons. He was very deep and his intellection was not just in Mathematics, but also in Classical Music with a bias for W.A Mozart’s works as well as in Literature.
He would recite paragraphs and even lengthier dialogues from Shakespeare’s works and show how the lessons therein can be applied to life and living.
“An African adage says for every old man that dies, a library is set ablaze. This is what has happened in this instance. A library of encyclopaedic collections has been set ablaze with the departure of Dr Olunloyo,”
Adedeji commiserated with family, friends and admirers of Dr Olunloyo, noting that though Papa was advanced in age, his wealth of experience was still needed.


…. To ensure that substandard and fake medicines are prevented from entry into Nigeria using NAFDAC appointed Pre-Shipment agents

Officials of the Ogun State Government and community leaders hailed Shell Nigeria Gas (SNG) and NNPC Gas Marketing Limited (NGML) for their partnership in the reconstruction of a key community road that was commissioned on Thursday (April 3) in Ado – Odo Otta Local Government Area. The 4.5km Ilogbo road provides access to some 75 communities and was in a bad state until both companies who operate in the area intervened in support of the development of host communities.
“Today we celebrate more than just the completion of the road, we celebrate the building of connections that will improve lives and strengthen communities true to our administration’s vision,” said Ogun State Governor Prince Dapo Abiodun who was represented by the Deputy Governor Noimot Salako-Oyedele at the commissioning. “Creating an enabling environment for business through effective public private partnerships remains central to our development efforts,” he said.
SNG Managing Director, Ralph Gbobo said: “The rehabilitated road is a testament to our shared commitment to enhance the quality of life for the people of Ogun State and our collaboration with NGML exemplifies our unified approach to community development. At SNG, we take pride in working alongside NGML to deliver real benefits to the people we serve.”
Managing Director NGML, Igwe Justin Ezeala expressed similar sentiments: “We pride ourselves in the fact that we look after the needs and the interests of all our stakeholders. We take pride in ensuring that those people who are close to us, those people, we relate to, that they feel the positive impact of the business activity that is taking place there. I believe that Ogun State is not an exception,” he said in remarks delivered by the Executive Director Gas Distribution, Lawrence Chukwu.
The Olota of Otta-Awori Kingdom, Oba Abdulkabir Obalenlege, represented by the Aro of Ota Ezekiel Fadipe expressed gratitude to the sponsors of the project and commended them for involving artisans and other community labour in the construction process.
SNG has operated in Ogun State for over 20 years, setting up a thriving natural gas distribution business in the Agbara and Otta areas. The supply of gas to industries has promoted industrialisation, created employment opportunities and increased internally generated revenue in the State. The reconstruction of Ilogbo road presents an extension of these benefits, as it will open pathways for trade, connect local businesses to broader markets and ultimately contribute to the economic development of the community and its neighbours.

Indications that National Industrial Court of Nigeria (NICN) may soon grant relief to Mr Joachim Egerue in his case challenging alleged illegal termination of his appointment by the Federal University Teaching Hospital Owerri, Imo State emerged when the accused persons, institutions and their defense councils failed to put up appearance at the court. The Chief Medical Director of Federal University Teaching Hospital, Owerri formerly known as Federal Medical Centre Owerri (FMC) Dr. Kinsley Ihedioha Achigbu, the Minister of Health and Federal University Teaching Hospital, Owerri among others are defendants to the case which is before NICN, Owerri, Imo State.
The defendants to the alleged unlawful termination of appointments of Mr. Joachim Egerue, a former staff of the institution, were absent in court even as they failed to file their defense for substantive hearing despite the directive of Hon. Justice N.C. Ogbonnaya, the Presiding Judge of National Industrial Court, sitting in Owerri.
It would be recalled that Mr Joachim Egerue, a former staff of the institution, had dragged the defendants to court in suit no NICN/OW/32/2025, for unlawful termination of his job based on audit report of the dental unit where he worked. According to him, the audit was carried out without his knowledge or involvement; an exercise his lawyer Dr. Barr. Chris Nwadigo described as ”a witch-hunting special audit report of Dental Store of Dec, 2020″.
At the last hearing, the counsel to the defendants, Barr Franklin Ninis, had argued that Federal University Teaching Hospital, Owerri, one of the defendants, formerly known as Federal Medical Centre, Owerri, before its conversion, has no,”Juristic personality to be sued”, because according to him, it has not been gazetted, asserting also that the NICN has no powers to declare declaratory reliefs.
The Judge who lectured the counsel on the inherent powers of the court, described his argument as “lack of intellectual diligence”, and directed him to file his defence for substantive hearing of the substantive case adjourned till March 28. It was therefore surprising that on the adjourned date, none of the defendants, nor their counsels were present in court.
The complainant Mr Joachim Egerue is praying the court to order his re-instatement to his position with attendant arrears of promotion or in the alternatively order direct the Defendants jointly and severally to pay the sum of N200 million as Special damages to the Claimant being the salaries, allowances, emoluments, benefits etc. which the Claimant should have earned from July, 2021 when his appointment was wrongly terminated to 2035 which would have been his retirement age.
Joachim Egerue is asking the court to order the Defendants jointly and severally to pay his arrears of salaries, allowances, emoluments, benefits etc. from March 2021 until judgment is delivered and thereafter, interest thereon at the banking rate of interest until the judgment sum is fully liquidated.
The other prayers are order directing the Defendants jointly and severally to pay N250 million as General damages and compensation for flagrant and unlawful termination of appointment/employment, an order directing the Defendants jointly and severally to pay N75 million as aggravated, exemplary and punitive damages for flagrant and unlawful termination of the Claimant’s appointment/employment