News
UBA Kicks off 4th Annual Essay Competition

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc, is calling on all Senior High School students in Ghana to participate in the 2017 edition of the National Essay Competition (NEC).
Launched in 2014 in Ghana, the competition provides a competitive platform to develop the intellectual and writing abilities of Senior High School students in across Africa.
At a colourful ceremony at UBA’s Ghana’s head office, the launch was attended by a number of UBA’s senior executives, staff and representatives from the Ghana Education Service and beneficiaries from previous editions.
The Chief Executive Officer of UBA Ghana, Abiola Bawuah was pleased with the bank’s contribution to education in the country so far. “For three consecutive years, we have organised and sponsored nine students at the tertiary level, and this year we are hoping to make it 12. We are committed to this and will keep supporting students who strive to achieve academic excellence in cognitive writing among other academic disciplines” she said.
She added that, “the number of essay entries received last year was an improvement over the previous years and we are encouraged by this. The UBA Foundation National Essay Competition is amongst the top academic competitions in the country at the moment. We have guardians and students who call in to ask when the competition is starting. It tells from the outside how keen the competition is getting and also reminds us of how we cannot fail the people”
The CEO of the UBA Foundation, Bola Atta talked about the contribution of the Foundation to the first nine beneficiaries of the NEC in Ghana who are currently at various institutions in Ghana receiving quality education. Of the competition, she said, “there is no looking back on this. One of our key focus areas is Education as it leads to empowerment especially for the youths who are the future leaders on the continent. We have launched in 3 African countries presently and plan on extending this to all countries in which we operate. I’d like to wish all the hopefuls success with their entries as this is a potentially life changing competition for many’.
Mr. Augustus Owusu-Agyemfra, the Deputy Director of the Secondary Division of the Ghana Education Service in his remarks praised UBA for their contribution to education and pledged their support to sensitise all Senior High Schools of the UBA Foundation Essay Competition. “I have heard of the competition and I have learnt of its contribution. We will use our connection with all the schools to ensure this year’s competition is well promoted”.
In her testimonial, Ms Dorcas Darko, a previous winner who is in her third year at the University of Ghana shared her experience with the guests. “UBA has been very instrumental in my education. For me it was like a test to myself. In the least did I know I would emerge among the top three. My parents didn’t have to stress to raise my school fees because UBA had it covered. Am grateful to the organization and especially the UBA Foundation. I would like to encourage everyone who qualifies to participate in the competition. UBA are really true to their words”
Master Frederick Asante, also a previous winner, recounted his moments. “To me it was very challenging. I learnt a lot through participating in the UBA Foundation Essay Competition. It broadened my horizon and tested my cognitive skills. I would like to thank the Foundation for their support and like to entreat high school students take it serious this time”
The students stand the chance of winning educational grants to help their tuition in any African University of their choice. The National Essay Competition in Ghana has produced nine winners, some of whom are studying in various universities in Ghana.
Entries for the fourth edition start on Thursday, October 5 and will close on Friday, November 10. Applicants are required to submit handwritten essays of not more than 750 words to any UBA Ghana branch or to the head office, Heritage Tower in Accra, on the topic: “Galamsey or illegal mining has been a menace to the Ghanaian society causing ill effects. As a student, what ways or methods do you suggest can curb this societal problem?”,
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
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