General News
FMN Set to Unveil Innovative Businesses Driving Local Content Development

Flour Mills of Nigeria Plc (FMN), has announced its Prize for Innovation 2.0 pitch event, which will stream on digital platforms.

In a statement, FMN said the live pitch event is set to air on February 18, 2023, and will feature six of the most promising innovators in the food and agro-allied sector.
“The FMN Prize for Innovation 2.0 is a continuation of FMN’s commitment to fostering innovation and driving growth in the industry. The pitch event aims to provide a platform for viewers to watch the six innovators, showcase their ideas and receive recognition for their efforts.
“The winner of the competition will receive a cash prize of N5,000,000, as well as mentorship and significant support from FMN. The first and second runners-up will go with prize money of N3,000,000 and N2,000,000 respectively.
“Themed, “Innovative techniques for local content development in the food and agro-allied sector”, this year’s edition of the competition attracted about 400 entries and innovators across Nigeria within the two project categories who showcased their innovative ideas and solutions to boost local content development in the Nation.
“The finalists were selected from entries in category one of FMN’s annual innovation competition based on a transparent selection process, “it added.
Commenting on the pragmatic and transformative nature of the project, Group Managing Director and CEO, FMN, Mr. Boye Olusanya stated, “The FMN Prize for Innovation project is a clear demonstration of the Group’s commitment towards driving local content development in Nigeria through innovation.
“Beyond identifying and rewarding Nigerians that are championing innovations across various sectors, through the project also, we entrench business sustainability by working closely with the winners to ensure business continuity by providing the required expertise, training, mentorship, and partnership. In essence, the FMN Prize for innovation is a transformative project that further reiterates our mandate of enriching the lives of Nigerians while feeding the Nation, Everyday.”
General News
Court Remands Akujobi, Ex Access over alleged Theft of N294.5m

Chinonso Akujobi, former staff of Access Bank in Lagos, has been remanded in Ikoyi prison after she was arraigned on a five-count charge bordering on stealing to the tune of N294.5m.

Akujobi who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) was arraigned before Justice I.O. Ijelu of the State High Court sitting in Ikeja, Lagos.
EFCC alleged that Akujobi stole the money between January and December 2025 while under the employment of Access Bank Plc.
As stated in one the charges, the defendant stole the money through unauthorized payments from the general ledger of Access Bank to her account number 0036668871 with the name Chinonso A., Uchechi A. and Florence A., thereby committing an offence of stealing, contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State, 2015.
The defendant pleaded “not guilty“ to the charges when they were read to her.
In view of this, S.M.Yabo, prosecution counsel, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional centre.
Justice Ijelu, thereafter, adjourned the case till October 8, 2026, for the hearing of the bail application and the commencement of trial.
The Judge also ordered that the defendant be remanded in the Ikoyi correctional Centre.
General News
NSIB Faults Runway Identification, Reveals Cockpit Disagreement in Asaba Jet Incident

The Nigerian Safety Investigation Bureau (NSIB) says the flight captain of the VMO Aero aircraft that landed on a roadway near Asaba Airport in Delta State told investigators that the observer pilot mistakenly identified the paved road as the runway before touchdown.

The bureau disclosed this in a preliminary report released on Thursday on the June 10 incident, which prompted the Nigeria Civil Aviation Authority (NCAA) to ground the private jet.
The aircraft had seven people on board, including the pilot-in-command (PIC), second-in-command (SIC), an observer pilot, a cabin crew member and three passengers.
According to the report, the aircraft was cleared by Air Traffic Control (ATC) to approach Runway 11 at Asaba Airport after the crew requested a right orbit.
The crew initially discontinued the approach, executed a missed approach and repositioned for a second landing attempt.
NSIB said the crew reported that the aircraft’s navigation systems indicated it was correctly established on the published RNAV Runway 11 approach.
“The PIC and SIC reported that the observer pilot identified the paved surface ahead as the runway,” the report stated.
However, the observer pilot gave investigators a different version of events.
According to NSIB, he said the aircraft remained inside cloud until late in the approach and that the Ground Proximity Warning System (GPWS) repeatedly issued “TERRAIN, TERRAIN, PULL UP” alerts.
He also said he observed a telecommunications mast directly ahead and instructed the flight captain to abandon the approach and climb immediately.
The bureau further disclosed that a cabin crew member reported that one of the passengers became concerned after overhearing discussions among the pilots and asked whether one of them was undergoing training. The passenger was reportedly reassured that all three pilots on board were experienced captains.
NSIB said no abnormal events were reported in the cabin before touchdown.
The aircraft eventually landed at about 8:57 a.m. on an under-construction paved roadway near Asaba Airport instead of the designated runway.
The bureau said its investigation into the incident is ongoing, while the preliminary report highlights conflicting accounts among the cockpit crew over the circumstances that led to the erroneous landing.
General News
EU warns Meta over addictive Facebook, Instagram designs, threatens fines

European Union has warned Meta Platforms Inc. that it could face a significant financial penalty unless it changes what regulators describe as the “addictive design” features of Facebook and Instagram.

The European Commission issued the warning in preliminary findings released on Friday, saying Meta had failed to sufficiently address risks posed by its platforms, particularly to children and vulnerable users.
The Commission said features such as infinite scrolling, personalised content recommendations and automatic video playback were designed in ways that encouraged excessive engagement with the platforms.
EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said protecting the physical and mental well-being of European citizens should be a priority for social media companies.
The Commission said Meta should consider introducing design changes, including disabling autoplay and infinite scrolling by default, providing effective screen-time reminders and adjusting recommendation systems to reduce the focus on maximising user engagement.
The findings were issued under the European Union’s Digital Services Act (DSA), which sets obligations for major online platforms to address risks associated with their services.
Meta, however, rejected the Commission’s conclusions, saying it disagreed with the findings but would continue engaging with European regulators.
The company said it had already implemented measures aimed at protecting younger users, including Teen Accounts that allow parents to manage screen time limits and restrict access during night hours.
The EU said its investigation, which began in 2024, found that existing time-management tools on Facebook and Instagram could easily be bypassed, while parental controls required technical knowledge that limited their effectiveness.
Regulators also expressed concerns over children’s nighttime use of the platforms and the possibility that features such as Reels and Stories could encourage compulsive behaviour.
If the Commission’s preliminary findings are confirmed, Meta could face a fine of up to six per cent of its annual global revenue under the DSA.
The warning comes as the EU steps up efforts to strengthen online safety measures for children, with an expert panel established by European Commission President Ursula von der Leyen expected to present recommendations on protecting minors online.
Several EU member states, including France, have also supported discussions on restricting social media access for children, following Australia’s decision to ban users under 16 from accessing social media platforms.
Meanwhile, the Commission is continuing a separate investigation into whether Meta’s recommendation algorithms create “rabbit hole” effects by directing users towards increasingly extreme content.
Telecom3 days agoFixed Wired Internet Market Lags as Mobile Gains Ground
News3 days agoStudy Reveals How Moniepoint is Powering Nigeria’s $11Bn Food Service Sector
Broadcasting3 days agoBON Establishes Six Ad Hoc Committees to Modernize Broadcasting
Telecom2 days agoDStv, GOtv Owner MultiChoice Officially Joins Canal+ Group
News2 days agoPolice Busts Syndicate Who Allegedly Stole N3Bn from Financial Institution
E-Business3 days agoNew NIMC Act Strengthens Data Protection, Privacy – Director
General News3 days agoCourt Adjourns Alleged Binance Tax Evasion Case over Settlement Talks
E-Financial2 days agoSEC Unveils Plans to Enforce Mandatory ESG Reporting for Large Firms Next Year













