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Winners Emerge In UBA National Essay Competition

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l-r: Mr. Kennedy Uzoka, Deputy Managing Director, UBA Plc,; Master Ezenwa Joseph Okonkwo, 1ST Prize Winner, student of Ambol Comprehensive High School, Akesan-Igando, Lagos (Middle); and Alhaji Alkali Mohammed,  President, Institute of Chartered Accountant of Nigeria (ICAN) at the grand finale ceremony of UBA Foundation National Essay Competition for Secondary School Students held at UBA House, in Lagos on Monday
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Winners have emerged in the third edition of the UBA National Essay Competition for Senior Secondary Schools in Nigeria with Master Ezenwa Joseph Okonkwo, a 15 year old student of Ambol Comprehensive High School, Akesan-Igando, Lagos, wining the coveted prize of N1million educational grant, from nearly 2000 entries received across the country.
 
Toluwase Adeagbo of Sharon Rose Schools College, Saki and Korie Ijeoma Jennifer of Air Force Secondary School, Port Harcourt emerged first and second runner ups, winning the sum of N750,000 and N500,000 as educational grants.

Speaking during the grand finale and prize presentation of UBA Foundation National Essay Competition for Senior Secondary Schools, held at the Bank’s Headquarters in

Lagos, Alhaji Alkali Mohammed, president, Institute of Chartered Accountants of Nigeria (ICAN) commended UBA Foundation for the initiative and urged other institutions to emulate the educational initiative.

According to the ICAN president, the path towards sustainable development is through investment in the education of its youths, particularly in Nigeria.

Harping on the ideals behind the essay contest he said “any competition such as this will certainly help to bring out the best in the youths, by kindling their competitive spirit and academic excellence”

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Speaking at the event, Kennedy Uzoka, the bank’s deputy managing director explained that the initiative was not only to test the aptitude and knowledge of our students but has become a pipeline to groom future UBA Ambassadors.

He said the winners who would go to any university of their choice in Africa would remain part of the UBA family provided they are of good behavior and remain focused.

“In UBA we appreciate and nurture talents. All the finalists here today have opportunity to excel in life and UBA is delighted to play a part in the process” he added.

Conceived 3 years ago, the UBA Foundation National Essay Competition was instituted as a follow up to the Read Africa initiative of the Foundation. “Winners each year receive educational grants to study in any university of their choice in Africa. We are encouraged to continue to do this and touch the lives of our children by so doing” he stated.

The UBA National Essay competition which opened for entries  in September and closed on November 1, 2013, received nearly 2000 entries from which 12 finalists were selected to write a supervised essay at the bank’s head office.

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The three winners emerged based on their performance at the supervised essay.

The 12 finalists chosen by a panel of 4 Nigeria Professors are: Victoria Aluko (Caleb International College, Magodo); Gloria Ayoola (St. John Comprehensive Academy, Ilesa); Korie Ijeoma Jennifer (Air Force Secondary School, Port Harcourt); Sarah Benson (Living Stone College); Esenwa Joseph Okonkwo (Sambol Comprehensive High School, Akesan-Igando) and Ayewunmi Bukola Ifesowapo Snr. High School, Aboru).

Others include Ogbo Ozioma (Kingsdale Schools, Akute); Toluwase S. Adeagbo (Sharon Rose Schools College, Gedu Estate, Saki); Adetona Miriam Omolayo (Oladipo Alayande School of Science, Oke-Bola, Ibadan); Ani Chisom Tochukwu (Krisbethel College, Ipaja); Mmesoma S. Enibe (University of Nigeria Secondary School, Nsukka) and Sunday K. Ikemsinchi (Dority International Secondary School, Aba).

Each of the 12 finalists received a laptop as a consolation prize for getting to the final of the competition.

As a the CSR platform for the UBA Group, UBA Foundation works  through four areas of focus, education, economic empowerment, environment and special project.

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Communities across Nigeria and other parts of the continent continue to benefit from the foundation through these focus areas
.


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NIHSA Warns States of Possible Flood within Seven Days

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Nigeria Hydrological Service Agency (NIHSA) has warned of possible floods in parts of Adamawa, Bauchi, Edo, Imo, Enugu, Akwa Ibom, Cross River, Kaduna, Plateau, Niger, Benue, and Borno states within the next seven days.

NIHSA Warns States of Possible Flood within Seven Days

According to information posted on NIHSA X handle, the Agency announced medium flood advisory in force for the next 7 days across Adamawa, Bauchi, and 11 other States.

“Localised inundation is forecast along the main channel; named communities below sit on the projected footprint. Stations: Saminara on the Karam river, Waya Dam Site on the Waya river, Amber on the Amber river.

“Adamawa; Lemsa, Lamurde, Numan Exposure: 147 comm. 49 schis 40 hith 6 mkts17 relig. Bauchi-Bauchi, Ningi, Shira. Exposure: 4 comm. Kaduna; Chikun, Giwa, Igabi, Jaba, Jema’a, Kachia, Kaura, Kauru, +6 more. Exposure: 1 comm.

“Borno-Gubio, Mobbar. Exposure: 680 comm. 8 schls 6 hith 5 mkts 21 relig. Edo-Akoko-Ed, EtsakoEa, EtsakoWe, Ikpoba-Okha, Orhionmw, OviaNort, OviaSo.. Exposure: 3 comm.

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“Imo-Aboh-Mba, Oguta, Ohaji/Eg, Okigwe, Owerri North, Owerri West. Exposure: 3 comm. 7 more states affected and severity LGAs”.

NIHSA advised people in the affected areas to “do NOT cross flooded roads, bridges, or fast-moving water on foot or by vehicle.

“Clear drainage channels and river-mouth blockages; avoid building or living in the floodplain and move people, livestock and valuables from the floodplain to pre-identified higher ground,” NIHSA stated.

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First Trustees Advocates Estate Planning as an Essential Tool in Every Wealth Creation Strategy

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First Trustees Limited, a subsidiary of FirstHoldCo Plc., and a leading provider of fiduciary and trusteeship services in Nigeria, is encouraging individuals, professionals, entrepreneurs, and investors to view Estate Planning not as an end-of-life exercise, but as a strategic investment tool for protecting, preserving, and transferring wealth across generations.

As more Nigerians focus on wealth creation through businesses, real estate investments, and other income-generating assets, experts are emphasizing that building wealth is only one part of the equation.

Equally important is creating structures that ensure those assets remain protected, properly managed, and seamlessly transferred to succeeding generations in accordance with the asset owner’s wishes. Importantly, Estate Planning is not solely for the wealthy, it is a prudent step for anyone with assets, dependants, or a business to protect, regardless of age, profession, or net worth.

Speaking on the importance of Estate Planning, Ereifemi Akeredolu, Managing Director/CEO, First Trustees Limited, noted that Estate Planning should be considered a core pillar of every long-term financial strategy.

“Many people focus on creating wealth but give litle thought to preserving it. Estate Planning is a wealth protection strategy that helps individuals safeguard their assets, secure their family’s future, and ensure that the value they build today continues to benefit future generations.”

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Using tools such as Trusts, Wills, and advanced succession plans, individuals can build structures that support wealth preservation, business continuity, asset protection, and intergenerational wealth transfer.

For entrepreneurs and business owners, Estate Planning serves as a powerful tool for ensuring business sustainability, helping organizations remain stable and operational regardless of unforeseen circumstances.

First Trustees continues to emphasize and educate on the importance of Estate Planning as a comprehensive strategy for proactive planning. It remains one of the most important financial decisions an individual can make: it provides clarity, minimizes uncertainty, and protects assets from unnecessary erosion and disputes. It also creates financial security for loved ones, supports business succession and continuity, and facilitates long-term investment and legacy planning.

 

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Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

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Nearpays, Nigerian fintech, has won the AI for Good Innovation Factory grand finale — the first African startup ever to take the global title in the competition, which runs as part of the United Nations’ AI for Good Global Summit.

Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

The competition drew more than 500 startups worldwide, each pitching AI solutions aimed at social and economic challenges.

The summit itself is organised by the UN through the International Telecommunication Union (ITU) in partnership with several UN agencies, convening governments, researchers, startups, and technology companies around AI’s role in development.

Nearpays’ route to the title ran through Johannesburg, where it won the African regional competition, before advancing to the global finals in Geneva.

There, the company progressed through the semi-finals and claimed the grand finale — a first for the continent.

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The company describes the win as bigger than a corporate milestone, calling it a victory for African innovation and proof that technology built to solve local problems can compete, and win, on the world stage.

Nearpays was founded to close a stubborn gap in African payments: small and medium-sized businesses that can’t afford or access traditional point-of-sale terminals.

Cost, availability, and deployment hurdles have kept many merchants — particularly in rural and underserved communities — locked out of digital payments.

Its answer is SoftPOS: an AI-powered platform that turns compatible Android smartphones into payment acceptance devices, letting merchants take contactless card payments with nothing more than their phones. AI is embedded across the platform, supporting payment processing, compliance, fraud detection, and business operations.

Crucially, the platform was built for African infrastructure realities — it works both online and offline, so merchants can keep accepting payments even without internet connectivity.

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The company credited its team’s years of product development and customer engagement for the result, and thanked the UN, the ITU, and the AI for Good initiative for building a platform where innovators can apply AI to real-world problems.

It also said it hopes the win encourages more African founders to build technology that answers local needs while competing internationally.

For Nearpays, the title closes one chapter and opens another, as the company pushes on with expanding digital financial infrastructure across Afric

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