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FirstMonie Agents Transact Over 1 Billion Transactions, Reinforces FirstBank’s Leading Role in Promoting Financial Inclusion in Nigeria – Naijanewsdirect

The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country   The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider has announced that its agent banking network – Firstmonie Agents – spread across the nook and cranny of the country has collectively processed transaction volume in excess of 1 billion, amounting to over 22 trillion naira. The Bank currently has over 180,000 Firstmonie Agents, spread across 772 of the country’s 774 Local Government Areas. Firstmonie Agents have been integral to  bringing financial  services closer to the underbanked and unbanked segment of the society, providing convenient banking services that are easily accessible, thereby saving time and travel costs for individuals in the suburbs and remote environments with no access to financial services. Popularly referred to as the ‘Human ATM’, Firstmonie Agents are empowered to reduce the reliance on over-the-counter transactions while providing convenient personalized services. Amongst the services carried out by the Agents include; Account Opening, Cash Deposit, Airtime Purchase, Bills Payment, Withdrawals and Money Transfer. Through various empowerment and reward schemes implemented to put its Firstmonie Agents at an advantage to economically impact their immediate communities whilst importantly having their business sustained, the Bank’s Agent Banking scheme has remained a toast to Nigerians, irrespective of where they are in the country. Amongst these schemes is the Agent Credit – launched in 2020 – which has had the Bank provide credit facilities to the tune of 238 billion naira to its teeming Firstmonie Agents. Expressing his appreciation to the Firstmonie Agents, Dr. Adesola Adeduntan, CEO, FirstBank said “since the relaunch of our Agent Banking

NDLEA Busts Mkpuru Mmiri Labs in Lagos, Anambra, Nabs 2 Barons, 1 Chemist – Naijanewsdirect

...How we recovered 258.74kg Meth, precursor chemicals in VGC raid - Marwa The National Drug Law Enforcement Agency, NDLEA has busted and dismantled two major clandestine laboratories in Lagos and Anambra state where dangerous illicit drug, crystal methamphetamine, called Mkpuru Mmiri in local parlance, were produced for distribution across Nigeria and export. Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) disclosed this on Tuesday 2nd August 2022 when he addressed the media on the development. He said following the outbreak of crystal methamphetamine abuse in the last quarter of 2021, predominantly in the South East and the cry for help from many communities in the region because of the devastating effects the distribution and abuse of the dangerous stimulant drug were having on their youths and others, the Agency deployed all available assets to find the primary source of manufacturing of the drug in Nigeria and arrest the barons behind it.   Marwa said while efforts in the past seven months against the cartel behind the Methamphetamine scourge, have led to the arrest of four kingpins and a cook; “now, we have added two barons and another cook. This no doubt is a loud statement to those involved in the criminal illicit drug trade that it’s time for them to quit or risk losing it all; that is losing their freedom, investment and assets acquired through proceeds from the illegal business.” According to him, “I am pleased to inform the public today that, after months of painstaking intelligence gathering, diligent tracking and coordinated offensive action, we recorded a breakthrough on Saturday, July 30, 2022, when officers and men of the Agency successfully busted two methamphetamine manufacturing facilities, called Meth Laboratories.   “The first one, located in Victoria Garden City (VGC) Estate of Lekki, Lagos, is owned by a baron, Chris Emeka Nzewi, while the second,

LAWMA Warns Against Attack On Its Workers – Naijanewsdirect

The Lagos Waste Management Authority, LAWMA, has warned against unwarranted attacks on its wokers, carrying out lawful duties of waste evacuation during the day or night time. The Managing Director/CEO, Ibrahim Odumboni, gave the warning against the background of a reported attack by suspected miscreants on a LAWMA team, on night duty around Lagos – Abeokuta Expressway. He indicated that any such attacks again, would be met with stiff official reaction, including prosecution, to deter such offenders. He said:" We are totally disappointed to hear about attacks on our workers, on official duty.  It is totally unacceptable and inhuman. LAWMA works round the clock to ensure our environment is healthier and safer for everyone to live. Our workers do not deserve to be treated that way. Anyone caught in such act again will be made to face the full wrath of the law." Odumboni urged the public to always cooperate with LAWMA workers, including the PSP operators, to keep the environment clean, for the good of everyone.

Primate Ayodele Surprises ‘Omije Oju Mi’ Crooner, Bunmi Akinnanu With Car Gift On Her Birthday (Video) – Naijanewsdirect

  The Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has surprised popular gospel musician, Evangelist Bunmi Akinnanu Adeoye with a car gift to celebrate her birthday on Monday, 1St Of August, 2022 at the grand finale of the church’s ‘God will not put me to shame’ 7th anniversary. While presenting the car gift, Primate Ayodele described Evang. Bunmi Akinnanu as his ‘fourth daughter’ whom he has been watching since she was young, while noting that he chose to celebrate her because he discovered something is missing in her life. The man of God explained that Evangelist Bunmi once shared with him how she was fought and thrown into the gutter by someone whom she borrowed a dress from. ‘’I want to celebrate a birthday celebrant, Evangelist Bunmi Akinnanu; my daughter and ‘fourth born’ today.’’ ‘’You did your song ‘Omije Ojumi’ while you were still young and struggling, you shared a story of how you borrowed a dress from someone who later fought you in public. I watch so many artistes but I see something is missing in you. You have done songs for several people but they didn’t give you that missing thing. ‘’ ‘’You go to lot of churches but pastors don’t appreciate you, they don’t know your value but today I want to surprise you and give to you what is missing in your life today’’ Before unveiling the gift, Primate Ayodele requested that Evang Bunmi bless the congregation with her unique and serenading voice. It was an emotional moment for her when the man of God brought out the car key and presented it to her. She couldn’t help but show gratitude to God and Primate Ayodele for allowing God to use him. Watch Video Below

NDLEA Intercepts 2.7m Tramadol Tabs, London, Dubai-bound Drugs In Lagos – Naijanewsdirect

...Arrests 4 notorious trans-border traffickers in Adamawa, 51 in Kano; seizes tons of illicit substances in Kebbi, Kwara, FCT   No fewer than Two Million Seven Hundred and Fifty (2,750,000) tablets of Tramadol 225mg weighing 1,650 kilograms worth One Billion Three Hundred and Seventy Five Million Naira (N1, 375, 000,000) have been intercepted at the Apapa port in Lagos by operatives of the National Drug Law Enforcement Agency, NDLEA. The consignment packed in 55 cartons of Tapentadol and Carisoprodol types of Tramadol was seized during examination of a container number SUDU 7538656 on Saturday 30th July following credible intelligence.   This comes on the heels of similar efforts by anti-narcotic officers at the Murtala Muhammed International Airport, MMIA, Ikeja that thwarted bids by drug traffickers to export various psychoactive substances to London, UK and Dubai, UAE through the Lagos airport in the past week. At least, five suspects have so far been arrested in connection to the attempts. On Monday 25th July, a Dubai, UAE bound passenger Ms. Ebhodaghei Gloria Osenemeshen was intercepted during the outward clearance of travellers on Rwanda Air via Kigali to Dubai. Discovered in her luggage were sachets of Tramadol 225mg concealed inside gari, a cassava product packed among other foodstuffs.   She however claimed that the bag was given to her by someone who she passed the night in his house before coming to the airport to help deliver to another person in Dubai. The following day, Tuesday 26th July, a total of 50 blocks of cannabis sativa with a total weight of 27.1kg concealed inside large quantity of crayfish going to London, UK as part of a consolidated cargo were seized at the SAHCO export shed. Same day, a Dubai bound female passenger, Emebradu Previous Rachael, was arrested with 1.8kg cannabis packed inside bitter leaf in her luggage while attempting to board Rwanda

Introducing Squad: The Complete Payments Solution For Your Business – Naijanewsdirect

Payments: They are the core of every business. And so, in an era where digital has won over brick and mortar, it became imperative to create requisite payment solutions that can offer businesses of today speed, reliability, and convenience, so that they never miss a sale. Meet Squad: an all-in-one payments tool to help your business grow. Driven by our in-depth knowledge of digital payments in Africa and the collective years of expertise of our Parent Company, GTCO, in the payments landscape, we are proud to launch Squad, a framework of payment solutions to enable merchants to make and receive payments from anywhere in the world. At Squad, our vision and mission are rooted in empowering African merchants through payments — to create an Africa where every payment is digital. What is Squad? Squad is a complete payments solution for businesses in Africa, made to support business owners with the tools required to thrive in the digital economy. The goal is to ensure that businesses never miss a sale and grow and expand beyond their current reach. Squad was created to transform payment processing, accounting and reconciliation, financial management and e-commerce. Think of it as an integrated suite of payment technologies that merge different facets of your business into one centralized function! Why Squad? · Complete payments solution: With Squad, you get all the tools you need to receive, track, and manage payments for your business. From the convenience of just one dashboard, you can accumulate and reconcile all your transactions, receive instant settlements, and set up an e-commerce storefront where your products and services are visible to your customers. Squad also offers an innovative soft POS feature called SquadPOS, which allows you to turn your mobile phone into a personal point-of-sale terminal to evolve and speed up your customers’ payment experiences in-store. With this tool, you can

Unity Bank Posts N27B Gross Earnings In H1’22 Records 23% Growth In PAT – Naijanewsdirect

Retail lender, Unity Bank Plc has posted gross earnings of N27.6 billion for its 2022 half-year results, representing a growth of 17% year-on-year. In its unaudited half-year financials submitted to the Nigeria Exchange Group Limited, the Bank also made significant improvements across key performance indicators. The Bank grew Profit Before Tax (PBT) by 23% which rose to N1.8 billion from N1.5 billion in the corresponding period of 2021. Profit After Tax (PAT) for the period equally increased by 23% to close at N1.6 billion from N1.382 billion in H1’21. The key highlights of the financial statements showed growth in interest and similar income, which rose 18% to N23.938 billion from N20.273 billion in the corresponding period of 2021, an indication of sustained growth in the loan book as well as improved earnings from the lender’s robust digital channels, arising from sustained investment in its digital payment infrastructure. Similarly, the lender posted sustained asset growth as total assets moved up by 7% to N574.3 billion from N538.9 billion in 2021. Other key highlights of the financial statement include a 12% growth in deposits, which rose to N359.5 billion from N322.3 billion in December 2021, a clear indication of the positive trend of the Bank’s innovative retail products targeting several segments of the retail market as well as enhanced customer acquisition strategies for emerging products rolled out to the market during the period under review. In the same vain, the lender recorded an increase on its loan books to N303.632 billion from N269.270 billion in 2021, representing a 13% growth. Commenting on the financial statements, the Managing Director/CEO of Unity Bank Plc, Mrs Tomi Somefun welcomed the H1'22 results. She noted that while the key performance indicators continue on an upward trajectory; PBT (23% YoY), Total Assets (7% YoY) and gross earnings (17% YoY); the outlook for our financial

If Nigeria Fails… – Dr Muiz Banire (SAN) – Naijanewsdirect

  My preoccupation in the past few decades has been Nigeria and its turbulent challenges which have compelled me to be originally an optimistic pessimist. Day in, day out, my optimism fades as my heart sinks into despair about the possibility of survival for my dear country. We have become a people that use the previous year to condemn the present one with the fear of what the future holds. The inverse is that we use the current year to praise the past one in continuous assessment of our welfare.   From the economy to our politics and social life, Nigerians have had it worse with destiny for quite a while. The misfortune of bad leadership decried by Chief Obafemi Awolowo and against which he tried to lay down sound policies for several governments to implement, has become our national fate as we hop from one monster to another in the name of government. Ungoverned territories in the northern parts of Nigeria where bandits and terrorists have been churned out in large numbers have become exclusive possessions of all manner of uncontrollable murderers. They have graduated from the reserves of the forests and are now competing spaces with law-abiding citizens in towns and cities. The latest achievement of these men of bloodletting is the incursion into Abuja after making road and rail travels unsafe. The attack on Kaduna train travellers has shown that we are mere victims waiting to be consumed as the government has taken no realistic step in providing necessary protection in this regard.   The terrorists have become most brazen as they attacked Kuje Correctional Centre and freed inmates who are their members serving various jail terms or awaiting trial. Till this moment, government enquiry has not produced any tangible cause for the security laxity at the centre of the nation’s heart.

“Report Of Assault On Lagos Deputy Governor, Kadri Hamzat Untrue, Mischievous and Unfounded” – Naijanewsdirect

Our attention has been drawn to a viral online story on social media platforms with the headline: “Lagos Deputy Governor, Others Beaten up in Free for All Fight at the APC Secretariat”. According to the news item, the Deputy Governor, Dr Kadri Obafemi Hamzat and some senior members of the Lagos State Chapter of the All Progressives Congress (APC) were reported to have been beaten up by aggrieved political miscreants during a reconciliation meeting at the Party’s Secretariat in Ogba. The Office of the Deputy Governor, however, wishes to state in unequivocal terms and for the information of millions of readers that the report is untrue, mischievous, fake and unfounded. While we would not have joined issues with the originator of the story and his/her cohorts, we are compelled to write this piece due to the inaccuracies it conveyed; as the story was completely different from and a false reflection of what happened at the meeting. Also, we would not allow some quack bloggers and journalists with mischievous inclinations to bring the personality and name of the Deputy Governor to disrepute. It is important to state that truly, a meeting was called by the Party to discuss with all the party candidates, aspirants and party chairmen. The meeting which commenced earlier on that day was abruptly brought to a halt as suspected political miscreants, who were supporters of one of the Local Governments, took over the venue of the said meeting shutting out other members from accessing the meeting room. When the Deputy Governor got to the Party Secretariat and, with the support of his aides, promptly calms frayed nerves and had a meeting with the aggrieved parties for over one hour, after which photographs were taken and everyone went about their business peacefully. The above narrative is exactly what happened at the Party Secretariat on

Top Nigerian Firms/Stakeholders To Converge For 7th African Brands Congress – Naijanewsdirect

  Distinguished business personalities and establishments are getting ready for this year’s annual African Brands Congress scheduled to hold on Friday the 12th of August 2022 at the Lagos Sheraton Hotels & Towers, Ikeja, Lagos. The event which is in its 7th edition Congress is designed to educate, engage and inspire Brands Managers and professionals in the pursuit of Best Practice in Brands building and value creation. It is an appropriate platform. the African Brands Media Ltd, a Leading Brands Magazine providing opinions, Research and News for all Brands Owners and Industry players to discuss how Brands in Africa can increase their Global Competitiveness. . According to the organizers led by its Convener, Desmond Esorougwe ,the theme for this year is Digital Technology AI & IOT: A Catalyst for Brands Growth. The ABC is an annual fiesta of best Brains behind most successful and sought after African Brands. It is meant to stimulate, motivate and excite the creativity in individuals, Seeking to enhance professional development skills in the area that are most relevant to the business community today; the Congress will provide hands-on skill building experience for Brands and the Brands Management community. Expected at the Congress are participants from all over Africa to benefit from thought provoking, insightful and tangible ideas, from great Speakers. The focus of this one-day African Brands Congress in Nigeria (the host country) will be to support establishments in the journey of excellence in Brands Building, discuss and influence the issues of sharing the African Brands future. The platform will provide an ideal opportunity for interactions among leading companies and keynote interactive discussion.