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NBC inaugurates Water Conservation Clubs in Secondary Schools

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Secondary school students in Owerri on a tour of a waste water treatment plant at Nigerian Bottling Company as part of the activities to mark the 2015 WWD.
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The Nigerian Bottling Company Limited (NBC), a member of the Coca-Cola Hellenic Group and bottler of Coca-Cola brands in Nigeria, said it is committed to setting up Water Conservation Clubs in select secondary schools across the country to further drive its water stewardship programme.
 
Mr. Uzo Odenigbo, head, Public Affairs and Communications of NBC disclosed this in his message to participants at the company’s events in Owerri and Kaduna to mark the United Nation’s World Water Day.
 
NBC organized an awareness programme for over 200 students from 10 select public secondary schools, in its production facilities in Owerri and Kaduna to commemorate the event under the theme, “Water for Sustainable Development”.

In addition, the students embarked on a guided tour of the Company’s water treatment and Effluent Treatment Plants to understudy water conservation initiatives of NBC with a view to replicating same in their schools and communities.
 
According to Odenigbo, the annual World Water Day presents a platform for NBC to enlist water ambassadors in its communities who will partner with the Company in propagating the message of safe water practices.

He said that NBC was fully committed to sustainable partnerships and integrated approaches to solving water problems in its communities under its water stewardship programme, adding that the task of conserving finite natural resources such as water is everybody’s responsibility.
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While acknowledging that water forms a significant part of NBC’s operations, the Head of Public Affairs and Communications enumerated the Company’s water conservation initiatives to include:

installation of Waste Water Treatment Plants in all its bottling plants across the country to ensure only water that can sustain aquatic and plant life is released back to the environment; increased focus on improving access to safe drinking water in over 20 communities through the provision of boreholes and water storage facilities, benefitting about 300,000 persons across the country and reducing the company’s water use ratio from 5.15 in 2008 to 2.42 in 2014.

“This year, we have gone a step further to ensure the sustainability of our  awareness campaign on safe water practices with the students, by encouraging and supporting them to start Water Conservation Clubs in their schools”, he added.
 
On a similar note, Mr. Ben Langat, managing director of NBC while speaking on the Company’s activities to mark this year’s events, said “The Water Conservation Clubs will further provide volunteering opportunities for our colleagues to donate their time and expertise to aid knowledge transfer on safe water practices among students in a sustainable way”.
 
Langat, while reaffirming NBC’s commitment to providing access to potable water for water-stressed communities under its water stewardship programme, explainedthat NBC works to Reduce, Replenish and Recycle water in its operations and called for a multi-sectoral approach to tackling the challenges of access to fresh and potable water for Nigerians.

He further charged stakeholders to support the development and enforcement of policies that will provide sustainable potable water for all.

NBC’s undaunted commitment to product quality, manufacturing expertise, efficient production, employee development and environmental stewardship, particularly in the areas of Water Use Ratio (WUR), energy efficiency and packaging, has strengthened NBC’s industry sustainability leadership.‎

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Taraba Adopts Electronic Case Management System

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Taraba State in Nigeria has developed an electronic platform for filing criminal cases in the state’s High Courts, marking the implementation of the new National Case Management System.

The launch, announced on Monday, marks a move from manual to electronic filing of criminal cases and is part of attempts to reform court processes and expand access to justice using technology.

Governor Agbu Kefas stated that the action underlines the government’s dedication to institutional strengthening, the rule of law, and effective governance.

Kefas pledged continued government support for the judiciary, noting that technology is essential for delivering swift, fair and transparent justice.

He also stated that the state would give the resources and infrastructure required to maintain the ongoing judicial reforms.

Justice Joel Agya, Chief Judge of Taraba State, stated that the e-filing facility will enable the electronic filing of originating processes and subsequent applications.

He explained that the system would enhance case tracking from filing to final determination while reducing delays caused by manual registry procedures.

Justice Agya went on to say that the platform would improve the security and accessibility of court records, as well as help judges manage dockets and time better.

He emphasised that the platform is intended to supplement rather than replace judicial decision-making, ensuring that administrative procedures do not impede the delivery of speedy justice.

The development is consistent with a broader national push to digitalise judicial processes across Nigerian courts, which has already been implemented in several regions.


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Cybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy

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Kaspersky has detected a wave of phishing attacks preying on former customers of the bankrupt crypto lending platform BlockFi.

These scams leverage the ongoing distribution of customer assets following BlockFi’s 2022 bankruptcy, tricking victims into surrendering cryptocurrency wallet seed phrases, potentially leading to financial losses.

BlockFi, once a prominent provider of high-yield interest accounts and crypto-backed loans, announced bankruptcy in November 2022. The company began disbursing repayments to affected clients in 2024 as part of its restructuring plan.

Kaspersky has detected fraudulent emails mimicking BlockFi’s official branding, which falsely invite recipients to “claim the payment” they are “entitled to.” After clicking on the link, users land on a phishing page and are prompted to “connect their wallet”.

The attackers suggest that users import their existing wallet by typing in the secret phrase – this grants attackers direct access to the funds in the victim’s wallet.

“Phishing attacks like this are widespread, capitalising on real-world events to build trust and urgency. Victims who fall for these scams risk exposing their crypto wallets to theft. It’s critical for individuals to verify any communications directly through official channels and to check the address from where the email originates for legitimacy,” comments Roman Dedenok, anti-spam expert at Kaspersky.

The phishing emails feature convincing logos, colour schemes, and language, making them difficult to spot at first glance. Kaspersky recommends the following steps to avoid falling victim to this or similar scams:

  • Do not click on links or respond to unsolicited emails.
  • Protect Sensitive Information: Never share banking credentials, wallet seed phrases, or other private keys in response to an email or online form.
  • Use Security Tools: Enable two-factor authentication (2FA) on all financial accounts, employ reputable security software like Kaspersky Premium, and consider using a password manager to safeguard credentials.

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Universal Insurance to Raise N15bn to Meet Capital Rules

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Universal Insurance Plc has secured the approval of its shareholders to raise additional capital of N15 billion through a proposed recapitalisation exercise, as the insurer intensifies efforts to strengthen its balance sheet and position the company for long-term sustainability.

The approval will be granted at an Extraordinary General Meeting (EGM) scheduled for February 5, 2026 in Lagos.

Currently, Universal Insurance’s share capital stands at N8 billion, with 16 billion ordinary shares held by existing shareholders on the NGX. The board is seeking to revalidate, authorise, and regularise 14 billion unissued ordinary shares for the planned capital raise and also secure approval to list and admit the new shares for trading

Following resolutions passed at the Extraordinary General Meeting (EGM), Universal Insurance Plc is moving forward with a comprehensive recapitalisation programme aimed at reinforcing its capital base and improving its capacity to underwrite larger and more diversified risks.

Shareholders approved the plan to raise new equity through a combination of capital market instruments, subject to regulatory approvals, as part of efforts to meet industry capital requirements and support future growth.

Gross premium written rose to N18.59 billion, up from N12.29 billion a year earlier, driven by increased underwriting activity across key insurance segments. Insurance revenue also grew to N14.68 billion, compared with N9.85 billion in the prior period, reflecting stronger risk acceptance and improved pricing discipline.

Despite higher insurance service expenses, the company posted an insurance service result of N1.13 billion, while net investment income surged to N2.79 billion, supported largely by fair value gains on financial assets. As a result, net insurance and investment income increased to N5.18 billion, nearly double the N2.61 billion recorded in the same period of 2024.

On the balance sheet, total assets expanded to N21.82 billion as at September 30, 2025, from N18.14 billion a year earlier, supported by growth in financial assets and investment properties. Shareholders’ funds rose to N14.38 billion, up from N12.33 billion, reflecting improved profitability and reserve accumulation.

Investors have also responded positively to Universal Insurance’s performance, with its stock delivering an 83.33 percent return in 2025, rising from N0.66 to N1.21 per share, and trading volumes exceeding 6 billion shares.

The recapitalisation initiative, combined with the improving financial performance recorded in Q3’25, underscores Universal Insurance Plc’s determination to reposition itself as a more resilient and competitive player in Nigeria’s insurance industry.

The company aims to deliver improved value to policyholders, investors, and partners, while supporting broader economic activity and generating sustainable returns for shareholders.


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