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Philips Foundation, Red Cross, UNICEF to Form New Co-creation Models
The Philips Foundation has formed global innovation partnerships with UNICEF and the Red Cross, led by the International Committee of the Red Cross and the Netherlands Red Cross.
Collaboration will be based on new types of co-creation models that enable the partners to identify opportunities for innovation based on shared value, while benefiting from a global reach of over 190 countries.
The Philips Foundation, which was established in 2014, will utilize the core expertise of Philips in research, design and technology to create solutions for addressing healthcare and lighting challenges in disadvantaged communities or those affected by disasters.
“In 2015, as the world prepares to define the Post-2015 Development Agenda, it’s clear that the only way to overcome many of the global challenges is through cross-sector collaboration,” said Ronald de Jong, chief market leader at Royal Philips and chairman of the Philips Foundation.
“We look forward to leveraging the expertise and people from each organization. Consolidating these efforts into these global partnerships under the Philips Foundation is a logical and exciting step in contributing to our company’s mission to improve the lives of 3 billion people by 2025.”
The Red Cross and the Philips Foundation will focus on exploring innovations and technology that could assist in providing immediate relief to people in regions affected by humanitarian crises including natural disasters.
Key areas of cooperation include exploring ways to improve healthcare, providing powerful solar lighting to enhance safety in affected communities, and understanding how existing technology or sustainable practices could be utilized in emergency management.
“As the world faces an unprecedented number of crises, the gap between the vast humanitarian needs and the ability to respond adequately is widening,” said Yves Daccord, Director-General of the International Committee of the Red Cross (ICRC).
“We need to find more innovative ways of responding to needs that will enable us to bring aid more effectively and quickly to millions of people who require it. The partnership with the Philips Foundation will play a crucial role in helping us innovate and shape the future of humanitarian aid.”
The Philips Foundation and UNICEF have partnered to develop new healthcare innovations for the first 1000 days of children’s lives, from the moment of conception up until the age of two – as this is a crucial period for children to build the basis to be able to thrive.
To kick start the partnership, the Philips Foundation will support the global innovation agenda of UNICEF and intends to be a lead partner in the Maker Movement project in Nairobi, which is focused on developing and deploying solutions and new business models that improve access to healthcare for mothers and their children in low-resource settings.
“We work to give children the best start in life, because proper care at the youngest age forms the strongest foundation for a person’s future.
“The first 1000 days of a child’s life are crucial. Today, approximately 18 million mothers around the world still do not receive proper antenatal and neonatal care. Partnering with the Philips Foundation allows us to work with experts in cutting-edge healthcare technologies and adapt innovations to the realities of the regions and local communities we work in,” said Sharad Sapra, principal adviser and director of the UNICEF Innovation Center.
Additionally, the Philips Foundation will support Philips’ country organizations with local community programs and use innovation, products, expertise and employee support in the areas of healthcare and lighting.
According to a statement by Eeva Raaijmakers, Philips Group Communications, this enables the Foundation build on and complement existing Philips projects such as the community light centers program with the KNVB across Africa and Latin America, the Community Life Center in Kenya, the mobile obstetrical monitoring to reduce maternal mortality in Indonesia, and the Design for Empowerment program.
Royal Philips is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting.
The Philips Foundation, on the other hand, is a registered charity and has been created to help enable lasting social change in disadvantaged communities through the provision and application of innovation, talent and resources.
Together with key partners the International Red Cross and UNICEF, the Philips Foundation seeks to identify the challenges where a combination of Philips expertise and partner experience can be used to create meaningful solutions that impact people’s lives.
UNICEF is notable for promoting the rights and wellbeing of every child.
Together with its partners, UNICEF works in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere.
Also, the International Red Cross and Red Crescent Movement is the largest humanitarian network in the world.
Its mission is to alleviate human suffering, protect life and health, and uphold human dignity especially during armed conflicts and other emergencies. It is present in every country and supported by millions of volunteers.
The “Movement” is made up of the following components: the International Committee of the Red Cross, the National Red Cross and Red Crescent Societies and the International Federation of Red Cross and Red Crescent Societies.
Development Bank of Nigeria (DBN) has awarded a total of N13 million in grants to three standout tech startups at the 2025 Techpreneur Summit held in Lagos, reinforcing its commitment to innovation and inclusive growth among Nigeria’s micro, small, and medium enterprises (MSMEs).
The winners include: BuyScrap, a digital marketplace for recyclable materials – N6 million; Qiqi Farms, which connects local farmers to hospitality and export markets – N4 million; Eco-Cyclers, a youth-led recycling initiative based in Enugu – N3 million
Alongside the grant awards, DBN also launched a new digital data asset, a first-of-its-kind platform aimed at enabling data-driven decisions within the MSME ecosystem.
The platform offers deep insights into business trends, sector-specific challenges, and growth opportunities—supporting smarter policymaking and targeted investments.
In his keynote address in Lagos, Tony Okpanachi, managing director/ CEO, DBN, described the event’s theme, “CTRL + SHIFT: Tech Empowered Movement for Naija,” as a strategic call to reimagine enterprise development in Nigeria.
“This isn’t just a keyboard shortcut,” he said. “It’s a mindset reset—powered by technology—to build a more inclusive, innovative, and resilient business landscape. From financing to innovation, DBN remains committed to enabling MSMEs to thrive.”
Okpanachi emphasized that the Summit aligns with DBN’s AMPLIFI Strategy, which integrates digital transformation, sustainability, and scalability into its core programs.
He highlighted initiatives such as the Digital Shift Workshops and the Eco-Innovation Challenge as key steps toward embedding innovation in Nigeria’s MSME sector.
Encouraging young innovators, he added: “The future belongs to those bold enough to imagine and build it. DBN is proud to support the ideas that will shape tomorrow.”
A major highlight was the unveiling of the DBN Data Asset—a digital platform designed to provide real-time, evidence-based insights into Nigeria’s MSME landscape.
The platform combines DBN’s proprietary data with external sources like the National Bureau of Statistics (NBS) to offer a comprehensive view of MSME performance by region and sector.
Jeremy Dan Okayi, DBN’s Head of Strategy, Policy & Innovation, described the platform as: “A reservoir of insight, potential, and direction—built on two years of collaboration and shared vision. This tool will support informed decision-making across the public and private sectors.”
News
FCCPC Shuts France, Belgium, and Italy Visa Centres in Abuja Over Alleged Consumer Rights Violations
In a bold enforcement action, the Federal Competition and Consumer Protection Commission (FCCPC), supported by the Nigeria Police Force and the Nigeria Security and Civil Defence Corps (NSCDC), has sealed off the visa application centres of France, Belgium, and Italy in Abuja over alleged consumer protection breaches and obstruction of regulatory investigations.
The affected centres—located at Mukhtar El-Yakub House in the Central Business District and operated by TLS Contact, a Teleperformance Company—were shut down following reports that they refused to accept formal correspondence from the FCCPC regarding a consumer complaint. The Commission cited further infractions, including obstruction of investigation and alleged assault of its officers during lawful duties.
Speaking to journalists at the scene, Mrs. Boladale Adeyinka, Director of Surveillance and Investigations at the FCCPC, explained: “This is an enforcement operation against TLS. On March 25, 2025, we served them a letter to address a consumer complaint, which they refused to accept. Instead, TLS officers assaulted our team, and in a subsequent visit on June 17, they also allegedly assaulted uniformed police officers.”
Citing Section 33 of the Federal Competition and Consumer Protection Act (FCCPA), Mrs. Adeyinka emphasized that failure to comply with Commission directives constitutes a criminal offense, punishable by imprisonment, fines of up to ₦20 million, or both.
TLS has been ordered to appear before the Commission on June 20, 2025, to provide testimony, submit evidence, and make formal depositions. The company may be held liable for any financial losses suffered by applicants due to the disruption of visa services.
Despite multiple requests for comment, management at TLS Contact declined to respond as of press time.
Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
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