Connect with us

General News

Court Orders Arrest of Access Bank Acting MD, Others over Alleged Theft of Property

Published

on

Bolaji Agbede, acting managing director, Access Bank PLC
Kindly share this post

Justice Ibironke Harrison, Judge of the Lagos State High Court, has ordered the arrest of Bolaji Agbede, acting managing director, Access Bank PLC, and three others, in the case of alleged conspiracy, obtaining by false pretence, and fraud totaling N1.356 billion.

Court Orders Arrest of Access Bank Acting MD, Others over Alleged Theft of Property

Bolaji Agbede, acting managing director, Access Bank PLC

The Judge made the order when the defendants, including the acting managing director of Access Bank, did not show up in court.

The other defendants alongside Agbede were charged in the case of conspiracy, obtaining by false pretence, and fraud totaling N1.356 billion are Balmoral International Limited, DDSS International Company Limited, and Adejare Adegbenro.

The allegations stem from a 2013 incident where the defendants allegedly used MOB Integrated Services’ property as loan security without consent.

The property, located at Plot 40b, Bourdillon Road, Ikoyi, belongs to a firm owned by Gbolahan Obanikoro, son of a former Minister of State for Defence, Senator Musiliu Obanikoro.

Access Bank has been accused of alleged attempt to steal the same property by granting a N1 billion credit facility to DDSS International Company Limited.

The court has scheduled the next hearing for February 24, 2025.

The charge sheet as signed by the Directorate of Public Prosecutions, Ministry of Justice, Lagos State, reads: Conspiracy to Commit a Felony to wit; Stealing Contrary to Section 411 of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2015.

PARTICULARS OF OFFENCE

ADEJARE ADGBENRO (M), BALMORAL INTERNATIONAL LIMITED, ACCESS BANK and BOLAJI AGBEDE (M) on or about the 2nd day of September, 2013 at Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos State in the Lagos Judicial Division, conspired to commit a felony to wit; Stealing.

STATEMENT OF OFFENCE-COUNT 2

Conspiracy to Commit a Felony to wit; Stealing Contrary to Section 411 of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2011.

PARTICULARS OF OFFENCE

ADEJARE ADGBENRO (M), BALMORAL INTERNATIONAL LIMITED, ACCESS BANK, BOLAJI AGBEDE (M) and DDSS INTERNATIONAL COMPANY LIMITED on or about the 2nd day of September, 2013 at Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos State in the Lagos Judicial Division, conspired to commit a felony to wit; Stealing.

STATEMENT OF OFFENCE-COUNT 3

Stealing Contrary to Section 280 of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2011.

PARTICULARS OF OFFENCE

ADEJARE ADGBENRO (M), BALMORAL INTERNATIONAL LIMITED, ACCESS BANK and BOLAJI AGBEDE (M) on or about the 2nd day of September, 2013 at Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos State in the Lagos Judicial Division, stole the property of MOB Integrated Services at Plot 40b, Bourdillion Road, Ikoyi, Lagos by using it as a security for loan without his consent and subsequently entering into a consent judgment.

STATEMENT OF OFFENCE-COUNT 4

Attempted Stealing Contrary to Section 21 of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2015.

PARTICULARS OF OFFENCE

ADEJARE ADGBENRO (M), BALMORAL INTERNATIONAL LIMITED, ACCESS BANK, BOLAJI AGBEDE (M) and DDSS INTERNATIONAL COMPANY LIMITED on or about the 26th day of May, 2019 at Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos State in the Lagos Judicial Division, attempted to steal the property of MOB Integrated Services at Plot 40b, Bourdillion Road, Ikoyi, Lagos by offering and granting DDSS International Company Limited a credit facility of N1,000,000,000.00 (One Billion Naira) Only.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

General News

GOMYCODE Partners Woolf University to Offer Globally Recognised Master’s Degree in Software Engineering in Nigeria

Published

on

Kindly share this post

GOMYCODE, a leading technology education provider, has announced a groundbreaking partnership with Woolf University, a global collegiate higher education institution, to offer Master of Science in Computer Science with Specialization in Software Engineering to aspiring and established tech professionals in Nigeria.

This collaboration aims to provide accessible, high-quality, globally recognized education to individuals seeking to advance their careers and expand their opportunities.

The Master’s program is designed to empower busy professionals and ambitious individuals with advanced skills and qualifications, opening doors to global job opportunities and facilitating potential emigration for those seeking international careers.

“We are thrilled to partner with Woolf University to bring this exceptional opportunity to Nigeria,” said Yahya Bouhlel, Co-founder of GOMYCODE. “In today’s competitive tech landscape, advanced degrees are increasingly essential.

“This partnership allows us to provide a flexible, world-class education that empowers our students to achieve their career aspirations, whether they seek to excel locally or on a global stage.”

The program’s online, flexible structure caters to the demands of working professionals, enabling them to balance their studies with existing commitments. Students will benefit from Woolf University’s rigorous academic standards and GOMYCODE’s practical, industry-relevant approach to learning.

“Woolf University is excited to collaborate with GOMYCODE to expand access to quality higher education in Nigeria,” stated Naveen Jangir, Head of Strategy and Growth, from Woolf University. “Our mission is to democratize education, and this partnership aligns perfectly with our goal of providing accessible, accredited degrees to learners worldwide.

“We believe this program will equip Nigerian tech professionals with the skills and credentials they need to thrive in the global economy.”

Babatunde Olaifa, Country Head of GOMYCODE in Nigeria, emphasized the significance of this partnership for the Nigerian tech ecosystem.

“This collaboration represents a significant leap forward for tech education in Nigeria. By offering a globally recognized Master’s degree, we are empowering our professionals to compete on a global scale.

“This is a chance for people to level up their careers, and to open doors that they previously thought were closed.

“We are very excited to see the impact that this program will have on the lives of our students and the broader Nigerian tech community.”

This Master of Science in Computer Science with Specialization in Software Engineering program is ideal for tech professionals seeking to enhance their qualifications; Individuals aiming for global job opportunities; those considering emigration and requiring advanced degrees; ambitious individuals looking to accelerate their career growth.

GOMYCODE and Woolf University are committed to providing a supportive and enriching learning environment that fosters innovation and excellence.


Kindly share this post
Continue Reading

General News

Tony Elumelu Foundation Set to Announce 2025 Cohort of TEF Entrepreneurship Programme

Published

on

Kindly share this post

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025.

The 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF continues to provide much-needed support, empowering African entrepreneurs to transform their ideas into sustainable businesses and engines of economic growth.

Each selected Tony Elumelu Entrepreneur will receive $5,000 non-refundable seed capital, a world-class business training on TEFConnect, one-on-one mentorship, and access to global networks and investment opportunities. The selection process is being conducted by Ernst & Young, to ensure independent assessment.

The impact of the Tony Elumelu Foundation extends beyond funding. It is changing lives and shaping Africa’s future, as witnessed by beneficiaries of the catalytic TEF Entrepreneurship Programme.

Ahead of the upcoming announcement, Tony O. Elumelu, C.F.R., Founder of TEF and Group Chairman of Heirs Holdings, reiterates his unwavering belief in the potential of Africa’s entrepreneurs:

“I believe that Africa’s transformation will not be led by aid, but by empowering the next generation of African entrepreneurs—giving them the tools, the funding, the training, and the networks to build sustainable businesses that create jobs and drive economic growth.

Over the past decade, we have nurtured entrepreneurs from inception to success, scaling our impact across all 54 African countries. We have provided capital and also developed a robust monitoring and evaluation framework that allows us to track the progress of our entrepreneurs and measure their contributions to their communities and economies.

No other organisation is implementing entrepreneurship development at this scale across Africa. We have learned, we have refined, and we continue to improve, ensuring that African entrepreneurs—women and men—are at the forefront of solving our continent’s challenges and creating wealth for themselves and their communities. Entrepreneurship is the key to Africa’s prosperity. I wish the 2025 cohort of Tony Elumelu Entrepreneurs success, as they chase their ambitions, and play their part in Africa’s transformation.”

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries and ensuring inclusive economic empowerment.

Since the launch of the Tony Elumelu Foundation Entrepreneurship Programme in 2015, TEF has lifted over 2 million Africans out of poverty, provided 2.5 million young Africans with access to training on TEFConnect, and disbursed more than $100millon in direct funding to thousands of African entrepreneurs who have gone on to create over 1.5 million direct and indirect jobs and generate over $4.2 billion in revenue.

Tony Elumelu Entrepreneur Testimonials from Previous Years:

“I started my agribusiness with nothing but an idea. TEF changed everything. With the funding, training, and mentorship, I have now expanded across three countries and employ 25 people.”

– Fatima Diallo, Senegal, Agritech Entrepreneur

“As a woman in the fintech industry, it was difficult to secure funding. TEF not only provided me with capital but also the confidence and skills to build a business that is now attracting international investors.”

– Mary Okeke, Nigeria, Fintech Founder

“The TEF Entrepreneurship Programme helped me commercialise my clean energy innovation. Today, we provide solar solutions to over 50,000 homes in rural Tanzania.”

– Juma Nyerere, Tanzania, Renewable Energy Entrepreneur

For more details on the Tony Elumelu Foundation’s impact visit our Impact Page, African Success Stories Page, and Annual Report Page.

For Media Inquiries: [email protected]


Kindly share this post
Continue Reading

General News

NBTI Advocates for Legislation to Strengthen Local Content

Published

on

Kindly share this post

National Board for Technology Incubation (NBTI) has urged the National Assembly to enact Executive Orders 003 and 005 into law to ensure full compliance by Ministries, Departments, and Agencies (MDAs).

NBTI Advocates for Legislation to Strengthen Local Content

Executive Order 003, signed by former Vice President Yemi Osinbajo, mandates MDAs to prioritise local manufacturers and service providers in procurement.

Similarly, Executive Order 005, issued by former President Muhammadu Buhari, directs MDAs to promote science, technology, and innovation in achieving national development goals.

Speaking on the necessity of these Orders, Dr Kazeem Raji, director-general, NBTI emphasised the need for legal backing to enhance enforcement and compliance.

He noted that while Executive Orders remain in effect until revoked or ruled unlawful, transforming them into legislation would strengthen their implementation and enforcement.

Raji stressed that enacting these Orders as laws would drive the adoption of indigenous technology, increase patronage of local innovations, and enhance economic growth.

“If Executive Orders 003 and 005 become laws, capital flight will reduce, foreign reserves will increase, GDP will grow, and employment opportunities will expand. These Orders will no longer be ignored, as there will be legal consequences for non-compliance,” he stated.

He emphasised that institutionalising these policies through legislation would solidify the government’s commitment to boosting local production and supporting homegrown industries.


Kindly share this post
Continue Reading

Trending