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Dr. Obi Bags Life Time Achievement Award for Pioneering Digital Payment

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Dr. Valentine Obi, founder and group chief executive officer of eTranzact Global was at the weekend in Lagos honoured with the Lifetime Achievement Award for pioneering end-to-end card and digital payments at the 12th Beacon of ICT Distinguished (BoICT) lecture series and awards.

Dr. Obi Bags Life Time Achievement Award for Pioneering Digital Payment

Dr. Valentine Obi, founder and group chief executive officer of eTranzact International

The BoICT Lecture series, widely regarded as the most prestigious annual event available in the ICT industry in Nigeria, is designed to explore efforts to put Nigeria on the global information and communications technologies map.

And the awards are the Oscars of ICT Awards.

Dr. Obi was honoured for his contributions to Nigeria’s economy particularly in the electronic payment sector.

The event attended by over 80 chief executives of top companies in Nigeria had as it chairman Engr. Ikechukwu Nnamani, president, Association of Telecommunications Companies of Nigeria (ATCON) and CEO, Medallion Limited; and Mr. Bimbo Abioye, second vice president, Institute of Software Practitioners of Nigeria (ISPON), among others.

Muhammed Rudman, president of Nigeria Internet Registration Association (NIRA) and chief executive Officer of IXPN and chair IPV6 Council of Nigeria, delivered the keynote address with the theme “5G: Exploring New Frontiers for Superior Service Delivery”

At the event, Dr. Obi was recognized as a champion for African Innovation in Technology and for establishing eTranzact businesses in Ghana, Cameroun, Nigeria, South Africa, United Kingdom.

Dr. Obi, a tech-entrepreneur, is also the founder and architect of XCEL Inc, the newest challenger bank in London, United Kingdom.

XCEL enables users to open a full UK Bank Account (Sort Code and Account Number) in less than five minutes, with complete UK regulatory compliance of KYC and AML (Anti Money Laundry) processes embedded.

XCEL African roadmap is well on its course with some countries already signed on.

Dr. Obi, is also the founder of KYIARA, the first Factoring technology platform in Africa.

Kyiara, provides all the stakeholders in the factoring sector cost saving, convenience, secure but transparent means to conduct factoring business within the continent.

He has an extensive experience in Information Technology sector and has served in various capacities both locally and internationally as a project director of various IT projects, including World Bank assisted projects in different countries.

In 2003, Dr. Obi became the first African to receive the coveted Computerworld Honors Gold Medal of Achievement in San Francisco, USA, for innovative and visionary use of information technology to produce and promote positive, social, economic and educational change.

By this, his work is listed in over 150 libraries around the world, including Harvard, etc.

In January 2008 his company received “The Most Innovative Product of the Year” award from the Central Bank of Nigeria.

Other awards received includes: 2012 Best Mobile Payment Initiative Award in South Africa; 2014 Mobile Payment Solution of the Year Award by LEAD Africa, etc.

Just after AfCFTA was signed off by the African head of states, Valentine was one of the two Nigerians appointed to the Advisory Council of African Trade Gateway (ATG) by Afreximbank in Egypt.

ATG is a vehicle for accelerating intra-African trade and ultimately support the attainment of the goals of the African Continental Free Trade Agreement.

ATG recognizes the critical role digital technology will play in facilitating intra-African trade, boosting access to trade finance and diversification of African trade from commodities to manufacturing and services.

Our role in the Council, is to provide advice and guidance on the strategic ATG roadmap.

In addition to his love for technology and applications, Dr. Obi is also involved in the development of the educational sector, he is a pioneer member of the Board of Regents of Covenant University and a lecturer at the Word of Faith Bible institute, WOFBI.

As one of his give back to his community, he started JIL Foundation with his wife, to help the education of the less privileged around his sphere of influence. He is a Provincial pastor with the Living Faith Church Worldwide, a member of Young Presidents Organization (YPO) / World Presidents Organization (WPO) and a member of the Institute of Directors (IOD), Nigeria.

Dr. Obi holds a Doctorate degree  from International School of Management, Paris, France.

He also holds an MBA from Instituto de Empressa, Madrid, Spain and an alumnus of the Harvard Business School, Boston, USA

mber of National Payment Technical Committee.


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FG, World Bank Plans 3.5m Electricity Meters Roll out

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The Federal Government Monday, said it has had discussions with the World Bank on plans to roll out 3.5 million electricity meters to support the Nigerian Electricity Supply Industry, NESI.

A statement by the Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga said the government at a meeting with a delegation from the World Bank reaffirmed its commitment to driving economic growth and development through a strategic partnership with the World Bank to boost power sector investment.

At the meeting with World Bank delegates, led by Dr. Ndiamé Diop, Country Director for Nigeria, and Ms. Olu Verheijen, Special Adviser to the President on Energy, in Abuja, Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, reaffirmed President Bola Ahmed Tinubu Administration’s commitment to repositioning the economy for the future of Nigeria.

“In its renewed determination to drive economic growth and development in the country, the Federal Government has continued to engage with relevant stakeholders with a view to boosting power sector investment as a major priority area for achieving the desired objective”, the statement added.

He stated that the meeting was held to discuss innovative ways to drive Nigeria’s power sector forward

Edun informed that the meeting focused on World Bank-supported initiatives, including the Power Sector Recovery Operation, PSRO, and the Distribution Sector Recovery Programme, DISREP, aimed at improving power distribution and management systems in order to ensure economic growth and development in the nation.

The Ministry listed key highlights from the meeting to include: Plans to roll out 3.5 million meters to enhance power distribution; $50 million funding for state solar plant pilots and infrastructure upgrades; Measures to support tariff frameworks, market reforms, and co-financing the Transmission Company of Nigeria’s Performance Improvement Plan.

The government said the collaboration “aims at strengthening Nigeria’s power sector, enhancing energy access, promoting economic growth and development, improving job creation as well as poverty alleviation in line with the Renewed Hope Agenda of the present administration”.


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Police Suspends eMotor Registry Enforcement Following Outcries

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Kayode Egbetokun, inspector general of police, has announced the suspension of the the enforcement of electronic central motor registry registration otherwise e-CMR for vehicle owners in the country.

Police Suspends eMotor Registry Enforcement Following Outcries

Muyiwa Adejobi, force spokesperson, had on Saturday said the IG ordered that the enforcement of the e-CMR should commence on July 29.

The enforcement order sparked an outcry from Nigerians, who accused the police of creating an opportunity to extort vehicle owners.

John Aikpokpo-Martins, chairman of the Nigerian Bar Association (NBA) Section on Public Interest and Development Law, said the directive by Egbetokun to begin enforcing the digitised Central Motor Registry was a blatant disregard for the rule of law.

But in a statement on Sunday, Adejobi announced that the IG has suspended the enforcement of the e-CMR.

He added that there was the need to sensitise the citizens on the initiative, which he said was designed to secure vehicles.

He said, “Following the reconfiguration and commencement of the electronic central motor registry registration process the Police have deemed it necessary to highlight the benefits and effectiveness of the e-CMR initiative which is designed to ensure the safety and security of all types of vehicles including motorcycles by collating data imputed into the system by vehicle owners and acting on such to flag the vehicles if reported stolen.

“The e-CMR will provide a firsthand database to the Force for curbing vehicular crimes as dedicated officers can access real-time comprehensive data of every vehicle on their tablets.

“Similarly, the e-CMR will prevent multiple registrations of vehicles and serve as a database to collate biometric and other data of vehicle owners and individuals, adding value to the national database and incident report portal generated from other Ministries, Departments and Agencies towards general security.”

Adejobi denied that the e-CMR was a revenue-generating platform.

He said, “Furthermore, contrary to news making the rounds and insinuations about the e-CMR, the NPF wishes to state categorically that the e-CMR is not a revenue-generating platform but an initiative to digitalize policing for effectiveness and general safety of lives and property of Nigeria residents. “

Adejobi said the IG ordered the immediate suspension he had earlier given.

He stated, “The Inspector-General of Police, IGP Kayode Egbetokun has ordered an immediate suspension of the proposed enforcement of the e-CMR initially scheduled to commence on the 29th of July, 2024. This is to give ample opportunity for mass enlightenment and education of all citizens and residents on the process, benefits and effectiveness in solving the challenge of vehicle-related crimes, and protection of individual and corporate vehicle ownership.”

Adejobi sought the understanding of the citizens and key into the initiative.


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Osagie Okunbor, Shell Nigeria MD Honoured for Exemplary Leadership

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Osagie Okunbor, managing director, Shell Petroleum Development Company of Nigeria Limited, and country chair, Shell Companies in Nigeria, has been recognised for his “Invaluable contributions to the  Nigerian energy sector and his service to humanity.”

Osagie Okunbor, Shell Nigeria MD Honoured for Exemplary Leadership

Former Deputy Governor, Central Bank of Nigeria, and Director, Heritage for Life Foundation, Tunde Lemo (left), presenting the Foundation’s  Award for Exemplary Leadership and Service to Humanity to the Managing Director, Shell Petroleum Development Company and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, at a ceremony in Lagos on Thursday.

Osagie received the Award for Exemplary Leadership and Service to Humanity from a Lagos-based NGO, Heritage for Life Foundation, at a ceremony held in Lagos.

Tunde Lemo, director of the Foundation, and former deputy governor, Central Bank of Nigeria (CBN), handed out the award which he said was instituted to promote “moral qualities and attitudes pivotal to the growth of a stable and functional society” by recognising individuals who exbibit the virtues.

An elated Okunbor said: “I’m pleased at this recognition which calls for greater commitment to the highest standards of leadership and service to humanity. With the support of my colleagues and other stakeholders, I hope to continue to  contribute to the development of our country.”

The award from the foundation was the second bestowed on the longest serving Country Chair of Shell companies in Nigeria in the past month.

At the 60th anniversary of the Nigerian Institute of Public Relations (NIPR), Okunbor was conferred with the Diamond Ambassador of Brand Nigeria as part of NIPR’s Diamond Jubilee National Awards.

Presenting the award, Dr. Ike Neliaku, president and chairman of Council, NIPR noted that Okunbor earned the award having demonstrated exceptional leadership as Chairman of the largest energy company in Nigeria that had made significant contributions to the socio-economic development of Nigeria in more than seven decades.

Okunbor’s contributions to the energy sector are the highlights of a career in Shell which has seen him serve in Nigeria, the UK, Brunei and the Netherlands before his appointment as Managing Director, SPDC and Country Chair in 2015.

In May, the executive council of the Nigerian Gas Association recognised Okunbor for “outstanding contributions towards the advancement of Nigeria’s gas sector.”

 

 

 

 

 


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