News
Konga Kares Spreads Love, Identifies with the Needy, Less-Privilege

Konga, Nigeria’s foremost composite e-commerce giant embarked on a visit to orphanage homes in Lagos and Abuja to spread love to the needy and less-privileged, as part of its 7th Anniversary celebration,
The event, which saw Management and staff turn out in their numbers at both locations, was held on Saturday, July 6th, 2019.
The visit was anchored under the auspices of Konga Kares – a Corporate Social Responsibility (CSR) initiative through which the company has identified with and empowered critical segments of the population in need of a helping hand.

With the theme, Sharing the Konga Love to Help Alleviate Poverty, a visit was made simultaneously to theHeritage Orphanage Homes in Lagos as well as the Abuja Children’s Home, Karu and the Christ Foundation Orphanage Home and Widow Outreach, Abuja.
In their numbers, Executive Management and staff of Konga stormed the orphanage homes with household items, consumables, educational materials and other items to support their physical, mental and emotional needs.
Leading the Lagos team was Co-CEO, Konga Group Prince Nnamdi Ekeh who did not fail to engage and interact with the children of the Heritage Orphanage.
Ekeh expressed excitement and satisfaction about the visitation, describing his interaction with the children as an overwhelming experience.

“Giving material support is fantastic butproviding opportunities and other forms of empowerment is critical.
“You cannot overemphasize the generational benefits of creating a life-changing platform which focuses on abandoned and vulnerable children who are future leaders.
“We hope to embark on this kind of visitations on a regular basis and also partner with other institutions that are need of encouragement and empowerment such as skill acquisition which will have great impact in transforming their lives”, Ekeh said.
In Abuja, hundreds of lives were touched at both orphanages as the Konga team put smiles on the faces of children at the centres.
Led by Business Manager (North), Yvonne Enwerem games, Konga made it an enriching experience for the children with several fun activities including musical chairs, card games and board games such as Chess, Checkers, Scrabble and Ludo.

Furthermore, a quiz competition was organized for children within the ages of 7 and 17. Winners of the quiz were rewarded with mouth-watering prizes including Kiddies Tablets and writing materials, among others.
Essentially, the visitation did a lot to lift the moods of the children across all the beneficiary homes and imbue them with hope in a brighter future – a point that was not lost on the recipients.
Mrs. Patricia Agho is Director of the Christ Foundation Orphanage Home, Kuje, said “We are so grateful to the management of Konga for this gesture.
“The happiness and joy on the faces of the children is proof of how delighted we all are. May God bless Konga and continue to elevate the business,” said an obviously elated Mrs. Agho.

Also speaking, Mrs. Attah who oversees the Abuja Children’s Home expressed deep gratitude to Konga, even as she disclosed that the memories of the visit will remain indelible in the minds of the children.
“I am indeed overwhelmed by this show of love from Konga and so are the kids. In fact, I have never seen them this happy. Our appreciation knows no bounds and our prayer is that Konga reaps bountifully from this gesture,” she said.
Through Konga Kares, the company hopes to reach millions of needy, disadvantaged, physically-challenged and voiceless members of the society nationwide and give back in line with its mission of spreading love and alleviating poverty.
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
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