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Nielsen Commissions Projects, Marks Global Impact Day Worldwide

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(L-r): Mrs. Elizabeth Akapo, assistant head teacher, Local Government Primary School, two pupils of the school reading the new books from the newly commissioned library, Lampe Omoyele, managing director, Nielsen West Africa and Mrs Aina Lanre, Social Mobilization Officer, Public Private Partnership, Ikeja LG, during the commissioning of the school library donated by the Nielsen Nigeria to mark 2015 Nielsen Global Impact Day (NGID) in Lagos recently.
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As part of efforts aimed at touching lives of people and making positive contribution to the society where it operates, Nielsen Nigeria, a member of the global brand which offers marketing research and consumer insights for businesses, has extended its philanthropic gestures to pupils of Local Government Primary School, Ikeja, Lagos.

The company recently donated a library, borehole and other items to pupils of the school.

Nielsen Nigeria noted that the donations were part of its CSR activities tagged Nielsen Global Impact Day (NGID) an event organised yearly to impact the lives of people and the society. Nielsen identifies Health, Nutrition and Education as key pillars that help humanity to thrive.

Local Government Primary School, located in Ikeja currently has 280 pupils and 30 teachers.

Pupils in the school hitherto suffered lack of water and good library, but Nielsen Nigeria under its 2015 NGID shouldered the responsibility to renovate the borehole and refurbish the library. The company also donated goody bags which contained useful hygiene items to the pupils.

The school now boasts of clean drinking water and a well-equipped library that is conducive for reading.

Speaking during the handing over of the amenities to the school, Mr. Lampe Omoyele, managing director, Nielsen West Africa, noted that the company deeply cares about contributing to its society through initiatives such as this.

He also said the NGID initiative is observed in over 100 other countries around the world by Nielsen.

“At Nielsen, we are keen about impacting the lives of people, community in our environment. We recognise that the government cannot do it all alone so we are proud to lend support that goes a long way to touch the lives of people. We realise that water is a necessity that is why we renovated the borehole to provide water. Also important to these kids is reading. When they have access to good books and library they learn properly so we donated books and renovated the library,” Omoyele said.

In her response, Mrs. Elizabeth Akapo, assistant head teacher of the school, expressed gratitude to the Nielsen for providing the facilities.

Her words: “Pupils hitherto would go outside the school premises far away to get their drinkable water every day because the borehole was out of order. Water is an essential necessity so the pupils and teachers need it.

They need water after meals and even for other uses while in the school, but the borehole had stopped working for months. With the boreholes restored by Nielsen, it is such a relief and delight for teachers and pupils.

“On the other hand, our school library was not pleasant to pupils to come in and read as it had old text books that were not in the curriculum. So the company out of concern renovated the library to make it appealing to pupils and equipped it with textbooks needed by pupils in line with the curriculum. Now pupils would be motivated to use the facility because it is attractive and well furnished. We deeply thank Nielsen for the love, care and support they have given to us,” she explained.

Mrs Bolanle Shittu, education secretary, Ikeja Local Government, also praised Nielsen Nigeria for touching the lives of pupils in the primary school. She noted that she is a product of the school which was founded in 1952.

She said: “The school has been receiving support from many people and organisations, but Nielsen’s impact was outstanding because it made so much impact in the lives of pupils and teachers.”

Some of the kids expressed appreciation to Nielsen Nigeria for alleviating their plight and giving them hope.

A primary six pupil, Favour Onoja, described the donations as timely and important, while Sunday Babatunde of Primary 5 noted that he felt so special and loved to be cared for by Nielsen Nigeria.

The pupils also entertained the Nielsen Team and other guests present with traditional dance, a playlet on gender discrimination and a debate on the topic ‘Females are better than males.’ Nielsen team also spent time with the pupils by reading books, mentoring and listening to the pupils in all the classes. The pupils were also served with free meals.

Other members of the Nielsen Nigeria team led by Mr. Omoyele include Omolola Oyebola, Associate Director, Human Resource West Africa; Ada-Obi Okafor, Quality Control& Training Manager among others. Guests present at the occasion were Mr. Muritala Mogaji, Chairman, School-Based Management Committee (SBMC); Mr. Ade Abatan, Director, Social Mobilisation Department, Ikeja Local Government; Mr. Patrick Souza and Mrs. Lanre Aina both from the Public-Private Partnership (PPP), Lagos SUBEB.


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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

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Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

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AfDB Supports Francophone Africa Start-ups with €6.5M

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The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


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