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Emefiele to Provide Economic Insight into 2022 @ the 56th Annual Bankers Dinner

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The Chartered Institute of Bankers of Nigeria has concluded arrangement to host the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the 56th Annual Bankers Dinner on Friday, November 26, 2021 at Balmoral Convention Centre, Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos.

The event will be hybrid, that is, both virtual (through Zoom teleconferencing) and physical to embrace high and quality participations across the globe

Mr. Godwin Emefiele, CON, FCIB, Governor of Central Bank of Nigeria (CBN) is expected to address the audience on recent economic and financial market developments over the past year as well as the economic outlook for the coming year.

His Excellency, Mr. Babatunde Sanwo-Olu, Executive Governor, Lagos State and Oyo State counterpart His Excellency, Engr. Oluwaseyi Makinde are expected to deliver a goodwill message.

The Annual Bankers’ Dinner is a thought-led socio-economic event of the Industry and being the biggest high-profile social forum organized annually by the Institute for the banking and finance industry, distinguished personalities including captains of industry, top Executives of Banks and non-bank institutions including CEOs and Chairmen, Diplomatic Missions, top government functionaries, legislators, accomplished businessmen, academics and other stakeholders are usually gathered to interact and network under a pleasant social setting.

His Excellency, Ambassador Cui Jianchun, Ambassador of the People’s Republic of China to Nigeria is expected to present the Toast of the Federal Republic of Nigeria while Dr. (Mrs.) Ije Jidenma, F.IoD, HCIB, President, Institute of Directors, Nigeria will propose the Toast of The Chartered Institute of Bankers of Nigeria

Dr. Bayo Olugbemi, FCIB, President/Chairman of Council, CIBN will deliver the Welcome Address as Chief host while ‘Seye Awojobi, Ph.D., FCIB, Registrar/CEO, CIBN will be host of the Dinner.

Other top dignitaries expected at the Occasion include His Excellency, Senator Ahmed Ibrahim Lawan, Senate President; His Excellency, Rt (Hon) Femi Gbajabiamila, Speaker, House of Representatives; Mrs. Zainab Shamsuna Ahmed, Hon. Minister of Finance; Alhaji Aliko Dangote, GCON, President/Chairman, Dangote Group; Mr. Fola Adeola, FCIB, OFR, mni, Chairman, Fate Foundation, Dr. Jim Ovia, FCIB, Chairman, Zenith Bank Plc; Dr. Lamido Yuguda, DG, SEC; Dr. Tony Elumelu, Chairman, Heirs Holdings; Mr. Hassan Bello, FCIB, Managing Director/Chief Executive, NDIC; All State Commissioners of Finance; all Deputy Governors and Directors of Central Bank of Nigeria; all Chairmen and Managing Directors/CEOs of banks among others.

This year’s Dinner promises to be unique as the Organising Committee, under the leadership of the Managing Director/Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, FCIB has introduced a number of new initiatives to make it a night to celebrate, recognize, impact and inspire within the industry.

One of such initiative is to honour deserving individuals that stepped up beyond the call of duty in the fight against Covid-19, who ensured business continuity despite the scourge of the pandemic and promoted the values and ideals of the banking industry.

At the event, over 2,500 participants, across the world are expected to participate both physically and virtually at this year’s edition of the Dinner, which promises to exceptional.


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Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

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Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos Govt

Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.

GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.

Individuals owe N13.5 million to N35 million each.

Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.

More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.

Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.

Pedro urged prompt filings and payments.


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Beware of Fake Cerelac Products – NAFDAC

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National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

Beware of Fake Cerelac Products – NAFDAC

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.

It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.

NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).

Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.

NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.

It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.

According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.

“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.

“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.

The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.

It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.

NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.

It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.

The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.


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NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

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The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.

Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.

“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.

Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.

“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.

He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.

“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.

During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.

Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.

“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.

The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.

In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.

Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.

The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.

 


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