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Tony Elumelu urges students to embrace entrepreneurship early

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Students should start early to have an entrepreneurial mind-set; that way, they open up other options for gainful employment when they are ready to join the job market, says Tony Elumelu, Chairman Heirs Holdings, UBA Plc and Founder of the Tony Elumelu Foundation (TEF).

In an inspiring speech, which he gave to students at the Loyola Jesuit Memorial College, Port Harcourt, he told the students that the world has changed in a way that students should also respond to by changing their expectations after leaving school from seeking a job to creating jobs.

The Jesuit Memorial College (JCM), Port Harcourt was set up to honour the memory of the 60 students of the Loyola Jesuit School in Abuja that lost their lives in a plane crash in Port Harcourt on December 10, 2005. The school serves as a beacon of hope, where children are given the opportunity to get a sound education and have a chance to contribute to building a brighter future for this country.

Speaking on behalf of the school, Aleruchi Cookey-Gam, a former Rivers Attorney-General commended the Tony Elumelu Foundation, being promoted by Mr. Elumelu, and its impact on the lives of our young people.

“The students are at an impressionable age, and we saw this as a unique opportunity for the Tony Elumelu Foundation to share their message of Africapitalism and the entrepreneurial spirit. These students will always remember this message”

Elumelu also commended the Catholic educational system, as it not only emphasizes academic excellence but also builds in students a sense of responsibility to humanity.

In a statement made to the students, he said: “I was once a student, and in my time, things out there were even rougher than they are now. But the education and training I received in my youth helped me a long way. In the same way, I urge you not to take your quality education for granted. You won’t always see immediate gratification, but you should rest assured that success will eventually come as long as the following are in place – (purpose, hard work, discipline, check-ins to periodically check yourself; resilience and humility.)

· Purpose: What would you like to be in future? What are your dreams and aspirations? However, purpose is nothing if you don’t work towards making it come true.

· Hard work: Hard work is important to achieve your true purpose in life. Good things don’t come easy.

· Discipline: Discipline means you stay focused, and stay on the path. Discipline will allow you realize your purpose.

· Check-ins: identify and set milestones that lead to the accomplishment of your chosen purpose. And you should (need to) periodically check yourself. Ask yourself if you’ve achieved milestones, and if you are on top of things.

· Resilience: You need to be resilient. You need to have staying power even during the tough times. Remember tough times don’t last.

· Humility: Above all, you need to embrace humility. Internalize it and run with it because as you become more successful, the propensity is there for you to forget where you’re coming from. Be disciplined and humble enough not to let your success control you, but instead control your success.

Your education, training and discipline will help you in the long-run just as it helped me in my own life.” Elumelu said.

He explained that it was his belief that the younger generation can address Africa’s development challenges and catapult the continent into being a strong player in the international community that led him to commit $100 million to identify, train and fund 10,000 African businesses, over the next 10 years.

Responding to a question by one of the students on how to balance being financially successful with family life, Elumelu maintained that it is impossible to create sustainable wealth without balance and stability in the home.

In his conclusion, he reminded the students that though their benefactors, the 60 departed that brought the school to life, were victims of circumstance, the best way to immortalize them was to be very successful. He said “I pray that all the souls of the departed rest in peace, and I pray for the students of Jesuit Memorial College, that their light may never dim, and that they (and all youth in the coming generation) shall make Nigeria and indeed Africa, great again.”

“Among you, could be the next Steve Jobs, Bill Gates, Jay-Z, Mark Zuckerberg or Tony Elumelu. You are the future leaders. I believe in this statement, because I believe that you will be able to help us transform our country, improve humanity and bring about prosperity. I want you all to see yourselves as messiahs that have been unleashed into the world. You are young today, but you can and will play a significant part in shaping the future”.

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EFCC: 58 Ex-Govs Embezzled N2.187 Trillion [Full List]

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According to the EFCC’s allegations, a significant number of former governors, totaling at least 58, have alleged to been involved in the misappropriation, embezzlement, or laundering of approximately N2.187 trillion over a span of 25 years.

This amount does not include properties seized worldwide or those currently being investigated, which amount to billions of Naira.

The amount of N2.2 trillion that was looted is similar to the combined budgets of Lagos State and the South-East states for 2024, totaling N2.25 trillion and N2.29 trillion respectively. This figure exceeds the budgets of the North-Central states and North-East states for 2024, which are N1.89 trillion and N1.60 trillion, by several billion.

The EFCC is currently investigating, probing, and prosecuting 58 ex-governors from various regions of the country. Since the restoration of civilian government on May 29, 1999, there have been at least 170 governors serving in the 36 states of Nigeria.

The 58 ex-governors who are currently or have previously faced investigations by EFCC, with alleged amounts in question, consist of:

late Abubakar Audu (N10.966 bn),

TA Orji and sons (N551 bn)

Yahaya Bello (N80.2 bn)

Chimaroke Nnamani (N5. 3 bn)

Sullivan Chime (N450 million)

Kayode Fayemi (N4bn)

Ayo Fayose (N6.9 bn)

Abdullahi Adamu (N15bn)

Danjuma Goje (N5bn)

Aliyu Wamakko (N15 bn)

Sule Lamido (N1.35 bn)

Joshua Dariye (N1. 16 bn)

Timipre Sylva (N19.2 bn)

Saminu Turaki (N36bn)

Bello Matawalle (N70 bn)

Lucky Igbinedion (N4. 5 bn)

Musa Kwakwanso (N10bn)

Peter Odili (N1000 bn)

Jolly Nyame (N1.64 bn)

James Ngilari (N167 m)

Abdulaziz Yari (N84 bn)

Godswill Akpabio (N100bn)

Abdul fatah Ahmed (N9 bn)

Ali Mode-Sheriff (N300bn)

Willie Obiano (N43 bn)

Ibrahim Dankwambo (N1. 3bn)

Darius Ishaku (N39bn)

Ramalan Yero (N700m)

Achike Udenwa (N350m)

Rochas Okoro ha (N10. 8bn)

James Ibori (N40 bn),

DSP Alamieyeseigha (N2.655bn)

Gabriel Suswam (N3. 111bn)

Samuel Orton (N107bn)

Murtala Nyako (N29bn)

Rashid Ladoja (4.7bn)

Christopher Alao-Akala (N11. 5 bn)

Abdulkadir Kure (N600m)

Babangida Aliyu (N4bn)

Abubakar Audu (N10bn)

Idris Wada (N500m)

Ibrahim Shekarau (N950m)

Adamu Aliero (N10bn)

Usman Dakingari and wife (N5. 8bn)

Attahiru Bafarawa N19. 6bn)

Jonah Jang (N6. 3bn)

Aliyu Doma (N8bn)

Tanko Al’Makura (N4bn)

Boni Haruna (N93bn)

Bindow Jibrila (N62bn)

Adamu Muazu (13bn)

Isa Yuguda N212bn)

Mohammed Abubakar (N8. 5bn).

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Dangote University explains how female student died in her off-campus apartment

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Tragedy struck on Thursday at the Aliko Dangote University of Science and Technology, Wudil, Kano State, when a female student, Aishat Yahaya Olabisi, was found dead in her off-campus apartment.

Olabisi, a 300-level female student of Food and Science Technology, was said to have been found dead after she returned to her room from the school.

The deceased student was said to have written her first examination in the ongoing first-semester examination at the university on the fateful day.

One of the male students who spoke to PUNCH Online on condition of anonymity on Saturday blamed her sudden passing away on examination pressure.

“The deceased was hale and hearty before she went out to write her first examination in the ongoing first-semester examination,” the student said.

However, following reports in the media that the female student died in the university students’ hostel, the Management of the university clarified the misinformation.

In a statement by the Dean, Students Affairs of the university, Prof. Abdulkadir Dambazau, dated 3rd May 2024, refuted the media claims.

The statement titled “Clarification Regarding False Statement About Student’s Death” read, “It has come to our attention that a recent statement made by DLC Hausa and some media outlets regarding the discovery of a student’s corpse at the students’ hall of residence is entirely false. We wish to address this matter promptly and unequivocally refute these claims.

“On 23 April 2024, we received news about the untimely passing of Yahaya Aishat Olabisi, a diligent and bright student of ADUSTECH Wudil. Aishat spent her last evening engrossed in her studies, diligently preparing for upcoming examinations. The following morning after a shared breakfast with her roommate and a heartfelt conversation with her father, she expressed her intent to rest briefly before resuming her studies. However, destiny had a different plan.

“In the early afternoon of the same day, concerns arose when Yahaya Aishat Olabisi did not respond to attempts to reach her. Upon investigation, it was discovered that she had passed away in her sleep in her off-campus residence. Immediate measures were taken, and she was swiftly taken to the university clinic, where her passing was confirmed by medical professionals.”

The statement added that Olabisi’s remains had been transferred to the Aminu Kano Teaching Hospital for postmortem analysis.

“Given the circumstances, her remains were transferred to Aminu Kano Teaching Hospital for postmortem analysis to ascertain the cause of her sudden demise. Meanwhile, her grieving parents, who hail from Ilorin arrived the following day to bid farewell to their beloved daughter.

“In honouring her memory and bidding her farewell, Aishat was laid to rest on 24 April 2024, surrounded by family, friends, and members of the academic community who mourned her loss deeply,” the statement added.

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Court Sentence FCMB Branch Manager to 121 years in Prison for embezzling Customers Funds

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FCMB is a leading financial institution in Nigeria has received a big shock of the year as one of its staff has been thrown to prison for fraud and embezzlement.

Justice S. Odili at the Anambra State High Court in Onitsha, Anambra State, sentenced Mr Nwachukwu Placidus, a bank manager at First City Monument Bank FCMB, Onitsha Anambra State to 121 years in prison for embezzling N112 million from a customer’s fixed deposit account.

The Honorable justices delivered the verdict resulting in the conviction and sentencing of a former manager at the First City Monument Bank’s branch in Onitsha, who has now been sentenced to a total of 121 years in prison for misappropriating fixed deposit funds totaling N112,100,000 from a customer for personal use. This is tantamount to a breach of trust by the former manager which has attracted a huge jail term.

 

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