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FirstBank Convenes Nigeria Economic Outlook Webinar For 2023

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the 2023 edition of its Nigeria Economic Outlook event. The virtual event themed “Nigeria Economic Outlook 2023: A look ahead” is scheduled by 8:30am on Friday, 20 January 2023, via Zoom meeting. To register and participate in the event, click HERE

The event will promote deliberations and analyses of national and global economic trends to shape 2023. Like its previous edition, the 2023 FirstBank Nigeria Economic Outlook aims to set the tone for the year by providing an opportunity for participants to learn directly from economic experts. Participants will be better informed and knowledgeably empowered to make the right decisions in their socio-economic activities in 2023.

‘Biodun Adedipe, Ph.D, founder and Chief Consultant of B. Adedipe Associates Limited (BAA Consult will lead deliberations at the event as its keynote speaker. Other speakers are FirstBank’s Ini Ebong, Executive Director, Treasury and International Banking; Tosin Adewuyi, Executive Director, Corporate Banking; Ugo “Ugodre” Obi-chukwu, Founder, NairaMetrics as well as Mosope Arubayi, economist and global financial analyst. Chike Uzoma, Head, Strategy & Corporate Development, FirstBank will moderate the event.

According to Mrs. Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications of FirstBank ‘Our forthcoming Nigeria Economic Outlook webinar is a viable opportunity for one to be informed on key trends and activities that will shape the global socio-economic landscape in 2023. 2022 was indeed a turbulent year and from the 2023 forecast, the growth would still be slow. In addition, bearing in mind 2023 being an election year in Nigeria, like every democratic nation around the world, commercial and business activities in the country will be impacted by the forthcoming election.

I encourage everyone to join the event as the keynote speaker and panelists will shed more light and perspectives which will have participants informed about opportunities and happenings that will shape the socio-economic and political environment in the country and the world at large.”

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 128 years.

With over 750 business locations and over 196,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers. The Bank has an international presence through its subsidiaries, FBNBank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 12million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 4.5 million people on FirstMobile platform.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is always to put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of the first choice in building your future”. Our brand promise is always to deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

BIG STORY

Assaulted Abuja Bolt Driver Makes U-Turn, Apologizes To Abia Rep Ikwechegh

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A Bolt driver, Stephen Abuwatseya, who was assaulted by the House of Representatives member representing Aba North/South of Abia State in the National Assembly, Alex Ikwechegh, during a package delivery, has apologized for his actions.

In a video statement on Thursday and seen by The Nation, Abuwatseya expressed regret for provoking Ikwechegh and asked Nigerians for forgiveness.

He said: “Good day, Nigerians. My name is Stephen Abuwatseya. I had a misunderstanding with Rt. Hon. Alex Mascot Ikwechegh a few days ago.

“I actually want to apologise to him for whatever I must have said or done to provoke him to that level of anger.

“I want to tell Nigerians that it’s not time for us to start dividing ourselves based on religion, tribes, or regions. We should actually come together, see how we can unite this nation, and move it forward.

“Please, Nigerians, let’s forgive and forget, as it’s even contained in our Lord’s Prayer, that ‘Lord, please forgive us, as we forgive those who trespass against us.’ For there is no justice without forgiveness. Thank you very much.”

Abuwatseya also thanked family and well-wishers for their support over the issue, “I want to use this medium to thank my family members, my parents, my brothers, my uncles and everybody that stood by me.

“I want to thank all of you. I love you all. Thank you. God bless Nigeria.”

On October 28, a viral video showed Ikwechegh slapping the Bolt driver in the Federal Capital Territory (FCT), Abuja.

Going by the conversation recorded in the viral video, the lawmaker had ordered some snails from a vendor who engaged the services of the e-hailing app driver to deliver the goods.

According to Abuwatseya, tensions escalated when he requested that Ikwechegh come outside to receive his delivery personally and asked to be paid.

In the video, the lawmaker repeatedly insisted that the request was disrespectful given his social status.

A furious Ikwechegh was heard speaking with the vendor on the phone. “How can this stupid idiot come to me and tell me that I am supposed to come and meet him in his car and pick up a snail I am buying from you? I can make this man disappear in the whole of Nigeria and nothing will happen,” the lawmaker blurted to the speaker on the other side.

“I am not going to call my policemen to beat you up. I will do that myself. I will show you that I am a big brother. I will tie you up, lie you down and put you in my generator house. Do you know where you are? Because you saw me sitting outside here. Look at this monkey,” he said.

When alerted that the episode was recorded, the lawmaker told the driver: “My name is Honourable Alexander Mascot Ikwechegh, I am a member of the House of Reps, tell them. Call the Inspector General of Police, let him come.”

However, a few days after the incident, Ikwechegh issued a public apology, acknowledging his actions and expressing regret over his behaviour during the altercation.

In a message posted on Instagram, the lawmaker apologised to the Bolt driver, the Nigerian Police Force, and the National Assembly, admitting that his actions did not meet the standards expected of a public official, regardless of the provocation involved.

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BIG STORY

“Twin Warrior”: Paul Okoye Accuses Peter Of Song Theft, Vows To Release ‘Original Version’

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Paul ‘Rudeboy’ Okoye, the Nigerian singer, has accused Peter ‘Mr P’ Okoye, his twin brother, of alleged intellectual property theft.

Mr P recently released the single ‘Winning’ — just a few months after the brothers confirmed that Psquare, their shared music group, was no longer active.

However, in a recent Instagram post, Rudeboy claimed that the song was his, stating that it was meant to feature on his upcoming album. He further alleged that the producer hijacked the track.

“Written and sang by Rudeboy. Produced by same producer. Now how come? Now am I supposed to release another version? Mr Producer, your case is for another day,” he wrote.

“Just a simple thing, bring 6 songs, let me bring 6 songs. I submitted 6 songs to the so-called management. Why re-singing my own song? word for word. Song that was supposed to be in my album next year June.”

In another post, the singer vowed to release “original versions of any copied songs,” adding that “the days of manipulation are over.”

“The days of manipulation are over. And to the management, make I hear any song wey na only me sing, I go release the original version. Oloriburuku! Music is not that hard,” he wrote.

Psquare split in 2017 following a feud between Peter Okoye and Paul. Though they reunited in November 2021, their reconciliation was short-lived.

Paul recently revealed another fallout, accusing Peter of orchestrating his arrest by the Economic and Financial Crimes Commission (EFCC).

Peter, however, denied the allegations and accused Jude Okoye, their older brother, of diverting millions of dollars from their joint account into a secret company.

Paul also expressed frustration over his past role in the music group. He claimed to have done most of the work while others benefited.

Mr P has yet to respond to his brother’s recent allegations.

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US Court Sends British-Nigerian To Seven Years In Jail Over $5m Cyber Fraud

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Oludayo Adeagbo, a British-Nigerian, has been sentenced to seven years in prison for his role in a multimillion-dollar business email compromise (BEC) scheme.

According to the US Department of Justice, Adeagbo, who also goes by John Edwards and John Dayo, conspired with others to steal over $3 million from various entities in Texas, including local government bodies, construction companies, and a Houston-area college.

Adeagbo and his co-conspirators also defrauded a North Carolina university of more than $1.9 million.

The case began in August 2022 when Adeagbo and two other Nigerian citizens, Donald Echeazu, 42, and Olabanji Egbinola, 44, were extradited from the United Kingdom (UK), where they had been residing, to face charges of conspiracy, wire fraud, and money laundering.

The US Department of Justice stated that the offences were committed in North Carolina, Texas, and Virginia.

On April 8, Adeagbo pleaded guilty in two cases against him in North Carolina and Texas for participating in a business email compromise scheme, which is also referred to as a “cyber-enabled financial fraud” scheme.

A business email compromise scheme can be initiated by scammers creating fake accounts that mimic companies a business regularly deals with.

Court records revealed that Adeagbo and his co-conspirators gathered information about significant construction projects across the United States, including a multi-million-dollar project at a university in North Carolina.

“To execute the scheme, Adeagbo, Echeazu, and others registered a domain name similar to that of the legitimate construction company in charge of the university’s project and created an email address that closely resembled that of an employee of the construction company,” the Department of Justice said.

“Using the fake email address, the fraudsters deceived and directed the university to wire a payment of more than $1.9 million to a bank account controlled by an individual working under the direction of Adeagbo and his co-conspirators.”

Adeagbo and his co-conspirators employed the same tactics in Texas, targeting local government entities and universities by impersonating construction companies. They stole over $3 million from the scheme, bringing their total haul to $5 million.

Adeagbo has been ordered to pay $942,655.03 in restitution and will serve seven years in prison.

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