News
Vice-Chancellor tasks students to imbibe patience, fear of God in their Future endeavours
Professor Ganiyu Olatunde, Vice Chancellor of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State has charged the graduating students of the City of Knowledge Academy (CKA), Ijebu Ode, also in Ogun State to imbibe patience and the fear of God in their future endeavours. He made the call at the 6th Honours’ Day Ceremony of the school, held on 11 July, 2019.
In his remarks, the university don, who was the guest speaker at the event, advised the out-going students of the school, to build their leadership potentials by being creative, innovative, actionable, accountable and maintaining self-discipline, attributes that, according to him, would enable them achieve success in their chosen careers.
“As you prepare to face the challenges on your journey to greatness, I greatly implore you to exhibit patience, be prayerful and have the fear God in all your dealings,” Professor Olatunde advised the graduating students of the school.
Earlier in her address, the Head of School, Ms. Abiola Lamikanra informed the audience that the Honours’ Day Ceremony is aimed at showcasing the best of the City of Knowledge Academy (CKA) as well as celebrating the students who have distinguished themselves during the outgoing school year.
According to her: “Today we celebrate not just the Year 12 students who leave the school, but also the students who have excelled in various areas of school life. Today we showcase the best of CKA, founded on the three ethical pillars of Culture, Character and Confidence.”
She extolled the Class of 2019 saying, “judging by their results in a couple of external examinations and all the activities they have engaged in over the years, I am assured that they are all confident in their interactions with their juniors, peers, adults and the public and I am emboldened to say that their character will stand the test of time.”
Lamikanra said one of the students of the school, Zainab Lawal, who took the IGCSE examinations passed with 3A*s, 4As, 1 B & 1C, and also scored 293 in the Joint Matriculation Examinations, organized by JAMB.
The high points of the day were the presentation of awards and certificates to deserving students who excelled in the various academic and extra-curricular activities of the school in the last academic session. Among the honorees are Zainab Lawal, the Valedictorian of the Class of 2019 and the out-going Head Girl who bagged the Best Graduating Student award with a GPA of 4.2 and has also been offered admission by two colleges in the USA.
Others are Sidikat Olajuwon who bagged nine awards including the Best Student in Her Year, Best Behaved Student in the School, Best in Science, Best in Physics and Best in Art awards. Also, Omasirichi Tasie-Amadi, a 13-year-old Year 9 student, went home with the prize of the year as the best overall student with a cumulative grade point of 4.3. She was also named, the best student in the Languages Department and is known for her prowess in playing the clarinet.
Established in 2013, City of Knowledge Academy (CKA) is a co-educational secondary institution aimed at providing excellent academic and leadership training for young minds. The institution is an outstanding boost to the nation’s quest for academic excellence, providing invaluable opportunities in a safe and secure environment for the holistic development of the child.
The ever vibrant and robust School Orchestra thrilled and entertained the audience made of guests, parents and the friends of the School and earned the admiration of the Guest Speaker who extended an invitation to the group to perform at a University function in the coming school year. The CKA Dance group thoroughly entertained the audience with a Zulu dance to cap it all!
DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA, citing the company’s strong financial performance, market leadership and ability to meet its financial obligations despite Nigeria’s challenging economic environment.
In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upgrade reflects the cement maker’s sustained financial strength, resilient operating performance and dominant position in Nigeria and across Africa.
According to the agency, the assessment followed a comprehensive review of the company’s capital base, earnings, liquidity, corporate governance, regulatory compliance and the sustainability of its financial performance over the medium to long term.
It noted that Dangote Cement’s strong brand, leading market share, solid earnings, robust asset base and experienced management continue to strengthen its ability to meet financial commitments on time.
The agency also highlighted the company’s outstanding financial performance in 2025.
According to the report, Dangote Cement posted N4.31 trillion in revenue during the year, representing a 20 per cent increase from the previous year. Profit before tax more than doubled, rising 109 per cent to N1.53 trillion, driven by higher sales, improved operating efficiency, lower finance costs and a stronger capital structure.
DataPro said the AA+ long-term rating indicates low credit risk and reflects excellent financial strength, business profile and operating performance relative to its rating benchmarks.
It added that the A1 short-term rating signifies good credit quality and shows that the company has a strong capacity to meet its short-term financial obligations as they fall due.
The rating agency, however, noted that the credit rating has a maximum shelf life of 12 calendar months in line with international best practice and should be used only as a reference, not as an offer to trade in securities or as a substitute for investors’ independent judgement.
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
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