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UBA Denies Involvement in Turkey Coup

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The United Bank for Africa (UBA) Plc Tuesday denied any involvement in the recent failed coup in Turkey, saying a Turkish newspaper report linking it with the high treason was false and spurious.

A Turkish newspaper, Yenisafak, had alleged that a suspected financier of the coup in Turkey, ex- US commander, General John Campbell, transferred funds used to finance the coup through the Nigerian bank.

It stated that Campbell managed more than $2 billion transactions through UBA in Nigeria, using CIA links to distribute the money among the pro-coup military personnel in Turkey.

But Charles Aigbe, UBA, head of Communications, dismissed the allegation saying it was in no way connected with the coup in the European country

It said: “UBA is aware of the on-going spurious media speculation linking our institution to recent events in Turkey. In the light of this, we believe it is necessary to categorically state that UBA has no involvement in or connection to these accusations, which are clearly false.

“We remain focused and firmly committed to delivering on our strategy to build Africa’s premier banking institution.”

The report by Yenisafak had alleged that the Nigerian branch of UBA was the main base for the last six-months of money transactions for the coup plotters.

It stated that millions of dollars were transferred from Nigeria to Turkey by a group of CIA personnel.

The money, which it said had been distributed to an 80-person special team of the CIA, was used to convince pro-coup generals. More than two billion dollars were allegedly distributed during the process leading to the coup.

It said after taking money from their bank accounts, the CIA team hand delivered it to the coup plotters under military dresses.

It also stated that ongoing investigations showed that Campbell had paid at least two secret visits to Turkey since May, until the day of the coup attempt.

The coup plot that was foiled by the comprehensive effort of Turkish Nation, including its citizens, politicians, media and police forces, was organized by the Fethullah Terrorist Organization (FETO) led-by a cleric Fethullah Gülen who had been living in self-exile in America for several years.

American Intelligence, Military and other institutions are accused of supporting the FETO leader Gülen.

According to Yenisafak, military sources said Campbell, who was the commander of ISAF between August 26, 2014 and May 1, 2016, had held some top secret meetings in Erzurum military base and Adana nicrlik Airbase.

It further alleged that if the coup attempt was successful, Campbell would visit Turkey in a short time, according to the sources.

The sources, it said, claimed that some familiar figures in the Eastern and South-eastern part of the country had taken active roles during the process, while the members of the Gülenist gang had been used in central and eastern region.

All officers who commanded a group of soldiers in a patrol station, unit, company, regiment, brigade, division, corps, or army were kept in close surveillance.

The Turkish paper said in 2015, the pro-Gülenist officers in the ncirlik base established an investigation desk, drawing the map of all soldiers under their command. They investigated the soldiers’ trends, their personalities and family background.

All soldiers were categorized in three groups: opponents, neutrals, and supporters.

A commander from the smallest patrol station to all military units had been blacklisted under the process.

Soldiers who were marked as opponents to the junta, were debarred from the “financial support.”

The military personnel who were in a neutral position received a difference in the amount of money, according to the importance of their position and ranks.

The money transactions were started in March 2015 through the commissioned “courier”.

The supports who also were categorized as “those who will move with us,” were provided a huge amount of money.


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Adeleke Describes Adenuga’s Contribution to African Economy as Unquantifiable

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Senator Ademola Adeleke, the Osun State Governor, has described the Chairman of Globacom, Dr. Mike Adenuga, Jr., as an icon who has made enormous contributions to the development of Nigeria and Africa.

Speaking when he received the Public Sector team from Globacom in his office at Osogbo recently, the governor also commended the positive impact the company has made in the telecoms industry in terms of innovation and pricing.

He described Dr Adenuga as a great believer in Nigeria “whose impact on the Nigerian and the African economy cannot be quantified”.

Adeleke assured the Globacom team led by Niyi Odejobi of his government’s readiness to explore areas of business partnership with the company. “Be rest assured that this partnership is already a reality. We just need to work out the details”, Senator Adeleke noted.

He urged telecommunications companies to strengthen ties with the state government, adding that “the subnational entities are where your market is. Even though the regulatory body is national, your market base remains the states and the local governments. You must deliberately prioritize partnership with the state government.

“The telecom community must understand that giving full support to the states in terms of payment of right taxes and corporate social responsibility is an investment in your market. The more robust the state governments are, the more buoyant your market will be,” the governor said.

In his own remarks, Odejobi pledged Globacom’s support for the growth and development of Osun State, adding that it would deploy various internet and digital infrastructure to promote governance and businesses in the state.


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Foodstuff Store introduces Innovative Recycling Program

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Foodstuff Store, an AgriTech company on Wednesday announced the introduction of its innovative recycling program. The expansion of the corporate mission to include waste management and recycling solutions underlines the company’s commitment to sustainability and environmental responsibility.

Foodstuff Store is providing a way by which their customers who are provided with wholesome and fresh food products directly from farmers can now dispose of their plastic wastes as an added service, thereby reducing their ecological footprint.

For every waste item delivered for recycling by customers, they’ll receive a credit that can be used for a next purchase at the Foodstuff Store.

Not only will this ensure a contribution to a cleaner environment, but it will also provide a way to incentivise their efforts towards adopting sustainability practices.

“We are thrilled to offer our customers a convenient way to recycle and contribute to a cleaner Nigeria and a cleaner planet,” says Diana Tenabe, Chief Operating Officer at Foodstuff Store. “By offering rewards for recycling, we hope to incentivize eco-conscious behavior within our communities in Nigeria.”

Nigeria faces a significant challenge with plastic pollution. The prevalence of single-use plastics, which is caused by widespread use of sachet water pouches, plastic shopping bags, and take-away containers, leads to massive waste generation. There are also recycling capacity challenges in Nigeria, where only a small percentage of plastic waste gets recycled.

Additionally, indiscriminate disposal of plastics and other waste materials contributes to overflowing landfills with plastics, clogged drainages that lead to flooding, and harming marine life.

Foodstuff Store believes that by working together with its customers, it can create a positive impact on the environment. This new program allows customers to enjoy the quality products and services they expect from Foodstuff Store, while also contributing to a more sustainable future.


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Edenlife Opens the first Homemade Outlet Store in Oniru, to open 49 more Across the Country 

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Homemade by Eden, the food retail business of Nigerian home concierge startup, Edenlife has marked a significant step towards National expansion with the launch of its first Outlet store in Oniru, Lagos State. This move signals the company’s commitment to bringing its signature homemade meals directly to consumers across the country.

Commenting on the launch of the Oniru Outlet, Nadayar Enegesi, CEO of Edenliife stated, ‘’At Eden Life, it’s in our DNA to adapt and meet the evolving needs of our consumers.

The new outlet store by Homemade exemplifies this commitment. These outlet stores will deliver delicious, home-cooked meals to its customers and create job opportunities in logistics and tech support, driving local economic growth.

By sourcing fresh ingredients from smaller Nigerian farms, we strengthen the agricultural sector and ensure a reliable supply chain. And there’s more to come we have plans to launch mobile kitchens in other strategic locations across the nation.

It’s a win-win situation – our customers enjoy a taste of home, we create jobs, empower local businesses, and contribute to a stronger Nigerian economy.’’

The establishment of these outlet stores translates to new job opportunities in logistics and potentially tech support for the mobile units. Additionally, the focus on fresh, local ingredients could encourage partnerships with smaller Nigerian farms, strengthening the agricultural sector and supporting local food production.

This localized approach to food delivery keeps money circulating within communities and fosters a more sustainable economic ecosystem.

Speaking at the launch event on Friday, May 10, 2024, Orafiri Adoki, Business Lead of Homemade stated that some of Nigeria’s food culture has not been fully explored.

She stated, “Nigeria has such a rich culture around food, which has not been explored to its maximum. So, with the launch of the Homemade outlet, we hope to introduce some of the meals Nigerians are used to at home while providing creative and innovative ways to enjoy these meals,” .

As Nigeria’s e-commerce sector continues to evolve, Eden Life’s innovative approach positions the company as a frontrunner in driving industry growth and reshaping consumer expectations. By providing a seamless omnichannel shopping experience, Edenliife not only captures market share but also cultivates meaningful connections with Nigerian consumers.

Nigeria’s e-commerce industry has been experiencing a boom in recent years, driven by factors like increasing internet penetration, smartphone adoption, and a growing young population. The e-commerce market in Nigeria is estimated to be around USD 8.53 billion in 2024.

It is expected to grow at a compound annual growth rate (CAGR) of 11.82% during the forecast period (2024-2029), reaching approximately USD 14.92 billion by 2029. E-commerce is expected to continue its strong growth trajectory in Nigeria, presenting immense potential for e-commerce platforms like Edenlife to capitalize on the rising demand for convenient and affordable food options.


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