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WIMBIZ 2016 Annual Lecture to Tackle National Crisis of Values

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Dr. Kayode Feyemi, minister of Solid Minerals Development, would be the guest speaker at the 2016 Annual Lecture of Women in Management and Business (WIMBIZ) which will hold on March 10, 2016, at the Shell Hall, Muson Centre, Onikan, Lagos.
 
The lecture, themed, “The Crisis of Values: Reclaiming our Society” is expected to serve as a catalyst for national re-awakening, by stimulating discussion around the erosion of indigenous values and its effect on the society. According to Aishah Ahmad, Chairperson, Executive Council Women in Management Business & Public Service (WIMBIZ) the 2016 Annual Lecture will challenge Nigerians to reassess the definition of success and the value of money relative to social good.
 
“A lot of the challenges confronting us today stem from a national deterioration of values. As a result, Nigerians are sometimes viewed with distrust and suspicion around the world, despite our drive, work ethic and enterprise. It appears that the pursuit of individual gain has become the primary focus over the common good; and success increasingly measured by financial parameters, whilst we appear to be losing the traditional values of contribution and dignity in labour which made our country great in the past” Ahmad observed.
 
“As a group dedicated to developing human capital, we are very concerned about this and we see the 2016 Annual Lecture as our opportunity to encourage the development of a different mindset particularly among women who are natural change agents,” she said.
 
 “Our objective is to emphasize the importance of tempering individualism with a concern for the common good. This will contribute to the restoration of fundamental values such as respect, consideration for others, living a life of integrity, service and justice will ultimately help Nigeria re-create a wholesome society.” She further disclosed.
 
Over 700 women attended the 2015 Annual Lecture “Thriving in Tough Times: Navigating Challenging Environments” which was delivered by the former Managing Director of Access Bank Limited, Mr Aigboje Aig-Imoukhuede.
 
Women in Management, Business and Public Service (WIMBIZ), is a Nigerian non-profit organization formed in 2002 by 14 individuals (13 women and 1 man) who identified a serious issue concerning women in the workplace and in business, particularly in the areas of leadership capacity building and avenues for networking for growth.

Its vision is “to be the catalyst that elevates the status and influence of women and their contribution to nation building.”
 
WIMBIZ’ vision was borne out of a desire to assist women to manage the manifold challenges they face in the workplace and in so doing enable them fulfil their potential and be meaningful contributors to economic development.

This vision is aimed at improving the success rate of female entrepreneurs and increasing the proportion of women in senior positions in corporate organizations.


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Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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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.

Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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.

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“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.

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NAICOM Issues New Licences to 43 Recapitalized Insurers

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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.

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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.

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Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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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.

Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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.

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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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