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NESREA, EPRON, NUJ Commend ITREALMS E-Waste Dialogue

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L-R: Mrs Ibukun Faluyi, executive secretary, E-Waste Producer Responsibility Organisation of Nigeria (EPRON), Mr. Remmy Nweke, editor-in-chief of ITREALMS Media inc and Mrs. Ezinwayi Udechukwu, Head of Port Operations in Lagos at the 2020 ITREALMS E-Waste Dialogue held at the Welcome Center Hotels, Lagos
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Prof. Aliyu Jauro, director-general of the National Environmental Standards and Regulations Enforcement Agency (NESREA), and Mrs Ibukun Faluyi, executive secretary, E-Waste Producer Responsibility Organisation of Nigeria (EPRON),  as well as the chairman, Lagos Council of Nigeria Union of Journalists (NUJ), Mr. Adeleye Ajayi, have commended ITREALMS E-Waste Dialogue.

 

They spoke at the 2020 ITREALMS E-Waste Dialogue held at the Welcome Center Hotels, Lagos with the theme: E-Waste in Nigeria: Challenges and Opportunities.

 

For the DG, NESREA who was ably represented by the Head of Port Operations in Lagos, Mrs. Ezinwayi Udechukwu, the event is timely as the number of e-waste in the country continues to soar.

 

The DG in a goodwill messages commended ITREALMS Media for the ITREALMS E-Waste Dialogue and looks forward to the outcome of deliberations to be made available to the agency for continuous engagement with enlarged stakeholders in the country.

 

The Executive Secretary, EPRON, Mrs. Faluyi on her own applauded ITREALMS Media for raising the tempo of discourse on electronic waste in the country with ITREALMS E-Waste Dialogue.

 

This effort, she described as novel, especially coming from a media organisation like ITREALMS Media and depicts concern of the media house for a better society in Nigeria in spite of growing number of electrical electronics waste, arising from increase in use of technologies.

 

She noted that Nigerians depended more on technologies during the recent nationwide lockdown over the ravaging COVID-19.

 

Faluyi believes that awareness creation can never be enough due to demands and usage of electrical and electronic devices cannot abate.

 

She canvassed for more synergy between media in carrying out its fundamental function of enlightening the public and social enterprise like EPRON.

 

Just as she thumbed-up for the management of ITREALMS Media and partners for this stride, when ordinarily, some organisation should have chickened out that the year is about to end, mostly with the effect of COVID-19.

 

The Lagos NUJ council chairman, Mr. Ajayi equally added his voice to the commendation, stating that the future is bright with this stride by ITREALMS to engage the Nigeria’s populace on the positive use and disposal of e-waste.

 

Earlier in his welcome address, Mr. Remmy Nweke, editor-in-chief of ITREALMS Media inc,   disclosed that they were concerned with the rise in the country which are not properly disposed of eventually.

 

This situation, he said, was worsened by the random importation of electrical and electronic devices into the country without consideration for the end-life of such gadgets and attendant implication to the economy and social development.

 

Nweke also cited for instance the latest Global E-waste Monitor 2020; a collaboration of the Global E-waste Statistics Partnership (GESP) and International Telecommunication Union (ITU), which disclosed that some 53.6 million metric tonnes (Mt) of electronic waste was generated worldwide in 2019 alone.

 

He noted, this figure was up by 21 per cent within other statistics of the past five years and called for caution among developing countries and Nigeria specifically given the daily rise in number of subscriber-base which stood at 285,259,320 connected lines with some 198,961,361 active and 151,063,413 active internet data subscriptions across all the Nigerian Mobile Network Operators by technology, as at July 2020, even as new devices may become the other for the day as Nigeria will soon join countries with fifth generation (5G) deployment.

 

He said that ITREALMS E-Waste Dialogue aligns with the commemoration of the International E-waste Day (IeWD) 2020.

 

Nweke recollect that ITREALMS e-Waste Dialogue was initially scheduled for October 14 but due to COVID-19 lockdown and #EndSARS protest nationwide, it had to be rescheduled to this day, Thursday, December 17, 2020 as part of the Nigeria Internet Waste Dialogue.

 

ITREALMS E-Waste Dialogue was supported by the Nigerian Communications Commission (NCC), Association of Licensed Telecom Operations of Nigeria (ALTON) and Internet Exchange Point of Nigeria (IXPN) among others.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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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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