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Gbenga Omotoso, Segalinks, Ara, Pamilerin, Bolaji Adebiyi, Pexxie, Femi Babafemi, Damilola Otubanjo, Ramon Nasir, Adetokunbo Modupe, Kolawole Osinowo and others to speak at Bodex social media hangout 3.0

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To maintain standards and the vision of Bodex Social Media Hangout (BSMH), which is the use of social media as a tool in nation building, experts from all works of life have been invited and accepted to speak at this year’s edition. The annual multi-city event – BSMH as fondly called, is a unique digital and traditional media movement that seeks to celebrate principal actors and stakeholders in both digital and traditional media space.

While speaking to the Convener Florence Hungbo on the relevance of this event she said, social media is fast becoming one of the best information and collaboration tools all over the world where participants and users of different social platforms have been at the heart of societal transformation and progress globally so, there is a need for constant reminder among users on how best these platforms can be used. Volt Media Advisory –  organizers of the media gathering, has put in place top-notch experts as speakers, panelists, and moderators, who will be having enriching conversations on the influence of social media on politics, business, world culture, education, mental health, careers, and innovation, she said.

Indeed, this year’s edition is geared toward conversations that will educate attendees and participants on how best to use social media to increase personal, communal, and national value while also REDEFINING THE NARRATIVE of social media and its relevance, particularly in Nigeria currently, Florence added

Prominent speakers scheduled to speak at the Bodex social media hangout 3.0 happening on the 31st of July are Gbenga Omotoso – Lagos State Commissioner of Information and strategy, Segun Awosanya (Segalinks) Convener Endsars Reformpoliceng, President/Founder Social Intervention Advocacy Foundation (Siaf) And CEO Aliensmedia Limited, Kolawole Osinowo CEO, Baobab+ Nigeria, Damilola Otubanjo – Md/CEO Milolar Group, Pamilerin Adegoke – Digital Enthusiast, Femi Babafemi Director of media and advocacy, National Drug Law Enforcement Agency, NDLEA, Bolaji Adebiyi Managing Editor Of Thisday Newspapers, Ramon Olanrewaju Nasir, Group Head, External Relations and Media, UBA, Fidelis Duker Film Maker/Group CEO Fad Media Group, Adetokunbo Modupe Founder/Chief Consultant of TPT International Limited, Aproko Doctor, Japhet Omojuwa Author/Media Practitioner, Aralola Oluwamuyiwa 1st Female Drummer, Esan Sunday Emmanuel Senior General Manager Brand and Corporate Communications Dangote Industries Limited, Osayuwamen P Saleh Média Entrepreneur & Tv Host, Adebayo Adedeji CEO Wakanow, Efe Omorogbe Creative Entrepreneur, Olamilekan “King Pexxie” Bamidele Principal Partner – Lekan Bamidele & Co and host of others

Florence Hungbo also said, what to expect at this year’s edition is, the coming together of professionals in sessions to discuss Trends and Opportunities in social selling, the Impact of social media on Law Enforcement Agencies in Nigeria, Curbing Fake News, and Regulating social media in Nigeria, Influence of social media on 21st Century Parenting, Impact of social media on Mental Health and The Place of social media on 2023 Electioneering respectively. Diasporas aren’t left behind as we have representatives from five major countries coming live during the event to talk about the Use of social media in the Diaspora since the event is going to be live streaming. With the quality of our speakers, we assure you of a better understanding of the use of social media and how to apply it to our day-to-day activities when you return to your destination knowledge fully.

When asked about the participation, Florence Hungbo said, Bodex Social media hangout is the only major media event if not the only media event in Nigeria that accommodates digital/traditional media personalities, fans, and stakeholders to participate with zero gate fee with buffet, lots to drink, take home and, organized in one of the best hotels in the heart of Lagos Radisson Blu, GRA, Ikeja. We made it free to access after registration because, this is our own way of giving back to society so we all can continue with the good work in the media space and, anyone who is media aligned is meant to be pampered and appreciated because, without one another, there can’t be the US. Also, it’s a way to have a media road map and create a civic engagement platform that can unite us using digital and traditional media platforms. The event is also live streamed just to carry everyone in diaspora along as we prepare for other countries’ editions, she said.

As part of the wow factors of the day, we hope to have Mr. Babajide Sanwo-Olu, Executive Governor of Lagos State, Brig. Gen. Mohammed Buba Marwa (Retd) OFR, Chairman of the National Drug Law Enforcement Agency, NDLEA, and Ambassador Darkey Africa South Africa Consul-General as our Special Guests of Honor

Gbenga Adeyinka D’1st will anchor the main event and Denrele Edun will be hosting the green carpet session while we get entertained by Akohun Badagry Dancers, Skales, Humblesmith, Jaywon, GKB Unicycle academy, Ara, Wale Thompson, others and DJ Kexzy on the wheel.

Volt media advisory has promised this year’s edition to be impactful and fun starting with our wow factor experiences around the green carpet and beyond, all attendees including speakers, moderators, guests, media practitioners, content creators, fans, online participants, and the general public are promised an experience to remember at BSMH 2022″

We look forward to welcoming you and making you feel at home.

Bodex social media hangout…using social media in shaping the society

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BUSINESS: Worst Of Naira Volatility Over — CBN Governor Cardoso

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Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the apex bank is “relatively pleased” with the progress it has made in stabilising the naira.

In a Tuesday interview with Bloomberg TV, Cardoso expressed his belief that the excessive volatility may eventually end.

He added that the financial regulator is still a work in progress but that it will keep up its strong job.

“I do believe that we have more or less seen the worst in terms of volatility,” Cardoso said.

“We are also very alive to observing the way and manner in which that market operates and ensuring that it gives the best value that can be accomplished using certain tools.”

Cardoso further said reviving confidence in the naira is crucial for Nigeria to lure investors.

“We’re relatively pleased with where we are,” Cardoso added.

He also said the central bank needs to do more, adding that “it’s continuous work in progress”.

“And we will do everything possible to ensure that we continue to manage the macroeconomic fundamentals that affect that,” he said.

Since the beginning of June, the naira has been trading in a narrow range between N1,473 and N1,490 per dollar at the official market.

However, the naira fell to N1,500/$ on Tuesday – from N1,488 traded on June 24.

The publication said as the annual inflation rate starts to rise at a slower pace, Cardoso refused to be drawn on whether this could signal the end of the tightening cycle that began in May 2022 — as CBN’s monetary policy committee (MPC) prepares to meet in July.

CBN has been increasing interest rates since May 2022, with the monetary policy rate (MPR) — which is the benchmark for banks’ lending rate — reaching 26.25 percent in May this year.

In May, the inflation rate rose to 33.95 percent compared to 33.69 percent in April.

Cardoso said data will determine the stance of the MPC on inflation movement.

“Data will direct whether they see further hikes or not,” he said.

“The MPC has been very clear in stating that they see inflation as a major impediment for the future of Nigeria, and they will do everything possible to ensure that they keep inflation in check and fact bring it down as reasonably as they can and I don’t see that changing.”

He also said the apex bank’s steps and fiscal reforms undertaken by President Bola Tinubu’s administration have assisted the nation in securing much-needed liquidity.

The World Bank earlier this month approved $2.25 billion in funding to support Nigeria’s economic reforms helping boost its foreign exchange reserves.

The governor said CBN would support further measures to build the country’s reserves including a eurobond issue.

“We should have a diversity of sources,” he said.

Cardoso said it should not just be the eurobond market or just be foreign portfolio investors, but it should be a variety of different things.

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FEC Steps Down Minimum Wage Memo, President Tinubu To Consult Governors, Private Sector

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President Bola Tinubu has been given permission by the federal executive council (FEC) to consult with state governors and the commercial sector regarding the new minimum wage.

Following the FEC meeting on Tuesday, Minister of Information Mohammed Idris made the announcement in an interview with State House media. States, local government districts, the corporate sector, and the federal government will all be impacted by the ultimate decision on the new national minimum wage, according to Idris.

The minister of information stated that Tinubu will make a well-informed decision following broader consultation and that all relevant parties must provide feedback on the new minimum wage.

“I want to inform Nigerians here that the federal executive council deliberated on the report of the tripartite committee on the new national minimum wage,” the minister said.

“The decision is that because the new national minimum wage is not just that of the federal government, it is an issue that involves the federal government, the state governments, local governments, and the organised private sector and of course, including the organised labour.

“That memo was stepped down to enable Mr. President to consult further, especially with the state governors and the organised private sector, before an executive bill is presented to the national assembly.

“So I want to state that on the new national minimum wage, Mr. President is going to consult further so that he can have an informed position because the new national minimum wage, like I said, is not just an issue of the federal government.

“It affects the state governments, local governments, the organised private sector. That is why it is called the national minimum wage. It’s not just an affair of the federal government.

“So, Mr. President has studied the report and he is going to consult wider before a final submission is made to the national assembly.”

Recall that over the past few months, the federal and state governments, organised labour, and the private sector have been negotiating on a new minimum wage.

At the last meeting of the tripartite committee on minimum wage, organised labour rejected the N62,000 proposal by the government and insisted on N250,000 as the living wage.

The federal government had asked the labour unions to demand a more realistic and sustainable minimum wage.

On June 7, governors under the aegis of the Nigerian Governors Forum (NGF) said the N60,000 minimum wage for workers is not sustainable.

On June 10, the tripartite committee submitted its report to George Akume, secretary to the government of the federation (SGF).

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Court Freezes N1.1billion Linked To Former Globus Bank Staff Accused Of Hacking, Stealing Customers N3.5 Billion

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The Federal High Court in Abuja has placed about N1,198,911,864.72 under lockdown at four Nigerian banks in connection with funds connected to former Globus Bank employees who are accused of hacking into and stealing N3.5 billion worth of client transactions.

Order was issued against the following account names: Oluwaseun Adeniyi Afolabi, Onobun Oluwaseun Olumide, Abdullahi Abubakar Sadiq, and Haril Global Solutions Ltd.

The order was made in response to a request for information on summons (dated January 12, 2024) from the Economic and Financial Crimes Commission (EFCC) regarding its expertise.

The EFCC counsel, Olanrewaju Adeola, had asked the court to freeze all the accounts in the interest of justice and stop all outward payments, operations or transactions (including bill of exchange) on those accounts, in suit NO/FHC/CS/32/2024.

  • EFCC’s Allegations Against Suspects

In EFCC’s affidavit in support deposed to by its Litigation Clerk,  Samson Oloje, the commission received an intelligence report about the activities of ex-staff of Globus Bank who allegedly hacked into the bank systems and stole the sum of N3.5000.000.00 of customers’ money.

Upon receipt of the intelligence report, Globus Bank was invited wherein one Monday Edward, Head of Internal Audit/Chief Inspector of the Bank came and volunteered a statement confirming that the bank system was hacked.

He added that the intelligence report was assigned to the Advance Fee Fraud Section of the Commission and investigation thus far reveals that about three ICT staff of the bank perpetuated the fraud before leaving the institution.

He stressed that as pioneers and architects of the Globus Bank ICT software platform, Babatunde Idris Olayiwola, Chinedu Ihuma and Igwe George Benedict Obinna, who allegedly carried out the crime are abreast of the platform working details and knew how to access all the accounts of Globus Bank.

He stated in his affidavit,

“That one Babatunde Idris Olayiwola a former staff of Globus who is an ICT expert, who created all the software platforms the bank is using in its daily operational business introduced one Chinedu lhuma to Globus Bank when the former was about to exit the bank.

“That Chinedu Ihuma, a former staff of Globus Bank was also an ICT expert introduced to the Bank by Babatunde Olayiwole to oversee the ICT software operational platforms created by Babatunde Olayiwola for the Bank. He also introduced one Igwe George Benedict Obinna to the bank to take over and oversee the ICT software operational platforms when the former was about to exit the bank.

“That investigation reveals that Babatunde Idris Olayiwola, Chinedu Inuma and Igwe George Benedict Obinna hacked into the computer systems of Globus Bank and they transferred monies over three billion, five hundred million Naira (N3,500,000,000) from the account of the Bank into various account belonging to Haril Global Solutions Ltd and affiliate different bank accounts domicile in various banks across the country.

“That further investigation reveals that the fraud was perpetrated through the login details of Igwe George Benedict Obinna which he shared with the duo of Babatunde Idris Olayiwola and Chinedu Ihuma.”

Oloje stated that sequel to the findings of the investigations, all bank accounts related to the fraud were requested via investigation activities letters to banks concerned wherein evidence of receipt of funds was established.

The EFCC staff also informed the court that Globus Bank management earlier approached the Federal High Court, Lagos to place a Post No Debit (PND) order on the bank accounts where the monies had been diverted, in order to prevent the depletion of the funds in the accounts.

Furthermore, he informed the court that the computers and telephone device of Igwe George Benedict Obinna has been sent for forensic analysis to know the extent of the involvement of Babatunde Idris, Olayiwola Chinedu Ihuma and Igwe George Benedict Obinna in the illegal activities.

“During the course of the investigation, the prime suspect, Igwe George Benedict Obinna was arrested and interviewed and made a statement to the effect of his dealing with the perpetuation of the fraud,” the EFCC stated.

The EFCC asked the court to grant its request as not granting it would jeopardize the ongoing investigation into the intelligence report received by the commission.

Justice Inyang Ekwo, on January 23, 2024 freezed the accounts in dispute and adjourned for the EFCC to provide reports of the final outcome of its investigation.

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