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Parents, Students Extol Red Star Express Scholarship Programme
Mrs Margret Charles, a mother to one of the beneficiaries of the Red Star Express Foundation scholarship award, has expressed appreciation for the Corporate Social Responsibility of the logistics company to its immediate community.
She spoke at the fund presentation ceremony held in honour of recipients of the scholarship award in Lagos recently.
Speaking on behalf of the other parents, Mrs Charles said, “Red Star Express through this scholarship program has not only changed the story of our children but that of the parents as well. The program has helped our children to believe more in their ability; that they can be anything they want to become through hard work and dedication. My son Charles now believes so much in himself and is not afraid of competition.”
The excited mother, whose son, Victor Charles was 2013 one-day chairman as a result of winning the Local Government annual Spelling Bee, attributed her son’s recent academic performance to Red Star Foundation Scholarship.
According to her, “ever since my son won the scholarship, he has continued to win one competition after another, including the spelling bee for Local Government. It is not about the money, which I consider the least of the benefits, it is the confidence and motivation it gives to our children. It has brought the best out of them because they know that they cannot afford to disappoint their sponsors”
Mr Muyiwa Olumekun, executive director of Red Star Express, spent some time listening to the students talk about their dreams and aspirations in life, commending them for their exceptional academic excellence urged them to always remember that they are the future.
He added, “The path to greatness is not easy, sometimes it’s rough. You must remain determined and passionate about your dreams. Passion and hard work will keep you on the track. That is why world champions don’t give-up on winning even when they have made so much money; they keep winning because they have passion for what they do.”
Olumekun also restated the commitment of Red Star Express to remain true to its promises.
“As a company, we believe in giving back to our host community and the larger society. The Red Star Foundation is one the platforms through which we express our corporate social responsibility and we are excited that our little effort is having positive impact on the lives of young people.”
The company also re-introduced the Red Star Scholarship mentor-mentee relationship by appointing some of its key managers to mentor each of the awardees.
“We believe that as young people, these students need a lot of guidance outside their teachers and parents. We are happy that some of our key managers have graciously volunteered to build mentorship relationships with these young people to help nurture them in every way possible as they make their ways to greatness.”
One of the awardees, Miss Joy James of Mafoluku Grammar School, a science student who wants to become a Gynaecologist, spoke on behalf of the students. She said, “Thank you Red Star Express for being so supportive of our dreams and ambitions. Your contribution has really gone a long way to ease the burden on our parents and we are also motivated to give our very best.”
The Red Star Express established the Foundation in 2004 with the objectives of expressing its social responsibility to the host communities; leveraging on its corporate goodwill, demonstrating its core value for the benefit of the society and encouraging excellence, diligence and integrity among secondary school students. Red Star Express appropriates 0.5 per cent of its profit after tax towards the running of the “Red Star Foundation annually”.
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.
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.
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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