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LG Electronics Unveils Healthcare Products

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LG Electronics, global leader in consumer electronics has embarked on in store activations at the Palms shopping mall to showcase its healthcare collection and sensitize consumers on health and hygiene. The activation which commenced on April 26 and run through to May 2 with LG’s healthcare products on display.
Speaking during the flag off of the activation, Mr. Michael Ha, Marketing Director, Home Appliance Division of LG Electronics, said that the activation shows LG’s commitment to not just providing basic product utility to consumers but also to deliver the utility in a way that improves the well being of consumers as regards their health and hygiene.
“Being a consumer centric organization, we are concerned with the welfare of our consumers which is why we have gone a step further ahead of competition to introduce health related products that impact lives and guarantee the general well being of our consumers. We are proud to announce that we are the first home appliance company to commence evolution on health-related products which has created a completely unique market for the home appliance industry”.
Mr. Ha explained that these healthcare products were developed in response to the global changing lifestyles and the ever-increasing issues associated with health which results from the former. He also noted that since health issues are fast becoming national issues, LG in its own unique way is offering consumers the ideal guard/protection against these health issues which he believes technology can help solve especially in the areas of allergy, respiration and nutrition.
“We are not only concerned about the health of our consumers but also of the state of the planet and surroundings to ensure that it is fit and safe for human accommodation. To this end, we are in the forefront of developing products that are eco-friendly and bring about a healthier and greener life for consumers and the earth”, Mr. Ha said.
Commenting on the choice of venue for the activation, Mr. Ha explained that the Palms which is a renowned shopping mall is cited in an advantageous location and has overtime recorded high concentration of consumers who shop at the mall. There would not have been a better place to showcase our products than bringing it close to the consumers such that consumers can have first hand feel of the products. This will in turn add to the shopping experience of the consumers thus making room for product recall.
Among the products to be showcased are the LG Refrigerators, Washing Machines, Microwave Ovens, Vacuum Cleaners, Air Purifiers and Air Conditioners. The refrigerator possesses an anti-bacteria system which prevents bacteria and mould from proliferating. The air inside the refrigerator compartment is also filtered to eliminate bacteria and mould by a deodorizer made of anti-bacterial agent called Catechin, extracted from green tea leaves fresh. The fruits, vegetables, food kept inside the refrigerators are also kept fresh due to the presence of the negative ions in the refrigerator compartment.
The LG Neo Plasma Plus air conditioners, not only cools air around the home but are equipped with a 12-level bio enzyme filter that enhances purification and sterilization capabilities. With the NEO-Plasma Plus Air Purifying System, LG electronics’ air-conditioners also remove dust particles as small as 0.1 microns. Bacteria, viruses, fungi and odour are 99.99 percent sterilized thereby ensuring better health.
The washing machine sterilizes and steams laundry for germs removal, boils water up to 950 C killing germs and maintains a temperature of 600 C for portentous stains on clothing while creating a hygienic washing environment.  The washing machine also carries out an initial wash of the drum to ensure the environment is dirt-free and hygienic for use. The Vacuum Cleaner on the other hand establishes a clean & hygienic living area, removes dirt’s, pet hair and dust using a unique HEPA Filter that captures 99.95% of dust particles while the Microwave Oven creates a healthy cooking environment. The anti-bacteria coating eliminates 99.9% bacteria in the cooking area while the cavity is easy to clean when compared to the conventional angular cavity which creates a great deal of stress to washing.
The air purifier guarantees breathing of safe, treated and purified air through its 16 step filter system which removes all impurities such as allergens, dust, odor, smoke and various other harmful gasses from the air.

 


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Detained Binance executive drags EFCC, NSA to court

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Binance executive Tigran Gambaryan has has dragged the National Security Adviser Nuhu Ribadu and the Economic Financial Crimes Commission (EFCC), to court alleging violations of his fundamental rights.

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In a filing dated March 18 and presented by his lawyer Olujoke Aliyu from Aluko and Oyebode Law Firm, Gambaryan sought redress before Justice Inyang Ekwo, requesting five reliefs. Similarly, Nadeem Anjarwalla, Binance’s Africa regional manager who escaped custody on March 22, initiated a separate suit before Justice Ekwo.

Gambaryan and Anjarwalla, in the suits marked: FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24, had sued the Office of NSA (ONSA) and EFCC as 1st and 2nd respondents.

Gambaryan, a US citizen overseeing financial crime compliance at the crypto exchange platform, alleged that his detention and the confiscation of his international travel passport violated Section 35 (1) and (4) of the 1999 Constitution, constituting a breach of his fundamental right to personal liberty. He further requested the court to order his immediate release and the return of his passport. Additionally, he sought an injunction preventing further detention related to any Binance investigations and demanded a public apology from the respondents, along with costs incurred.

Gambaryan stated that he visited Nigeria on February 26 alongside Nadeem Anjarwalla, representing Binance, in response to invitations from ONSA and EFCC. Despite attending the meeting as requested, both were detained afterward without formal charges.

During the court proceedings, T.J. Krukrubo, SAN, representing Anjarwalla and Gambaryan, informed the court of the respondents’ absence despite being served. Krukrubo also mentioned their notice of withdrawal of legal representation for Anjarwalla, filed on March 26.

Justice Ekwo noted the withdrawal of legal representation and adjourned the matter to April 8 to allow the applicants to seek new representation and give the respondents an opportunity to appear.

In Gambaryan’s case, Krukrubo stated that although the processes were served on ONSA and EFCC, they still had time to respond. He requested an adjournment, indicating that the respondents’ deadline to file their applications would expire the following week.

Consequently, Justice Ekwo scheduled the next hearing for April 8 to continue proceedings.


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AXA Mansard Empowers Female SMEs with Financial, Digital Skills

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AXA Mansard, a member of AXA has empowered 200 female Small and Medium Enterprises with financial literacy and digital business skills.

In collaboration with SME 100 Africa, the two-day training, which was held in Lagos, is part of AXA’s lined-up programmes to commemorate this year’s International Women’s Day.

Speaking, Olusesan Ogunyooye, Head of Marketing AXA Mansard, said the training was aimed to empower female SME owners with skills to improve business output and position them for the increasing economic opportunities available in an increasingly digital marketplace.

Ogunyooye noted that the move was in line with AXA Mansard’s sustainability agenda, explaining that the company was convinced that support for women through its inclusive protection programmes was pivotal to its purpose of acting for human progress by protecting what matters and its mission of moving from being a payer to a partner.

He further said that focusing on digital skills was important because the company realised the importance of digital skills to the growth of the SME sector in Nigeria and wants to ensure that women were empowered enough to be a consequential part of that growth.

“It’s almost trite to say that SMEs are the engine for economic growth, especially in developing countries like Nigeria, where over 45 million adults are business owners. What needs to be continually discussed is how Nigeria is going to unlock that potential for economic development and how much of that potential will be unlocked by women and for women.”

“For us at AXA Mansard, we are aware that digital will play a major role in unlocking these current opportunities and Nigeria’s economic future. So, to ensure that women are equally represented in unlocking these future potentials, that’s why we have collaborated with SME 100 Africa to support them in developing the required skills”.

“Our choice of digital and financial literacy skills is deliberate. We understand the power of the duo. We understand that helping these SMEs with the skills to attract more customers will be a faster means to empower them.

“We see that they have amazing products and services, but they need to understand how to attract value for themselves by attracting the right customers, and you will agree with me that virtually all customer segments are online in one way or another today.

“So, if we can empower them with digital business skills, we would have helped them with the heavy lifting of trying to find and attract customers”. Ogunyooye explained.

According to him, AXA Mansard believes that for the world to experience progress truly, there must be an equitable distribution of creation and access to opportunities for men and women. This quest for balance informed the SHE for Shield initiative, a women-centred inclusive protection programme of AXA Mansard.

SHE for Shield is a group of initiatives designed for the Nigerian woman. The goal is to see them grow, add value, and help them mitigate risks at every step.

According to the company, research has found that access to health care is one of the most important things to Nigerian women, regardless of their economic segment. They desire to be financially independent, secure, and respected in the community.

 


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IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa

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IFC is investing $10.5 million in a new fund by 4DX Ventures, a New York-based venture capital firm focused on supporting early-stage African technology companies across a broad set of sectors, including fintech, e-commerce, edtech, climate tech, and health tech.

IFC’s investment in 4DX Ventures Fund III will come from IFC’s $225 million venture capital platform, which was launched last year to strengthen emerging VC ecosystems and invest in early-stage companies in Africa, the Middle East, Central Asia, and Pakistan.

Africa is among the regions least served by venture capital, receiving just 2% of global venture deal volume in the third quarter of 2023. Access to capital on the continent has been further exacerbated by a slowdown in global venture capital investment.

Tech ecosystems are nascent, or even nonexistent, outside of more established markets such as Egypt, Kenya, Nigeria, Senegal, and South Africa.

“IFC and 4DX Ventures share the commitment to supporting tech entrepreneurs with innovations that will help Africa leapfrog in critical areas such as climate, health care, fintech, e-commerce, and education,” said Walter Baddoo, Co-Founder and General Partner of 4DX Ventures.

“We look forward to partnering with IFC to help promising tech startups build transformative businesses and realize sustainable development impact on the continent.”

4DX’s new fund will invest in companies with tech solutions that can improve productivity, efficiency and competitiveness across Africa. The firm’s first two funds invested in companies such as Egypt-based e-commerce platform MaxAB, an IFC portfolio company; Ghana-based health tech firm mPharma; and Kenya-based B2B e-commerce platform Wasoko, formerly known as Sokowatch.

“By supporting the development of tech ecosystems in emerging markets, IFC’s venture capital platform aims to improve access to key services, boost business competitiveness, and promote job creation through digital transformation,” said Mohamed Gouled, Vice President of Industries at IFC.

“Our investment in venture funds such as 4DX Ventures will help African entrepreneurs access more financing and resources they need to scale tech innovations and bolster sustainable growth across the continent.

In addition to providing capital, IFC will work with 4DX Ventures to implement their environmental and social management system.


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