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Stakeholders Discuss ESG Strategies At Aspire Coronation Trust (ACT) Foundation’s 7th Breakfast Dialogue

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Non-profit, private and public sector professionals have been advised to adopt Environmental, Social and Governance (ESG) strategies to advance sustainable development and drive impact on the continent of Africa.

This submission was made by sustainability experts at the 7th Breakfast Dialogue organised by the Aspire Coronation Trust Foundation, a grantmaking non-profit organsiation established in partnership with Access Bank, in Lagos recently. The annual event which focused on a growing international conversation on ESG practices brought together policymakers, and industry experts to explore the topic; Advancing Sustainable Development in Africa: The role of Environmental, Social, and Governance Strategies in Creating impact.

In her keynote address, Mrs. Oyeyimika Adeboye, Cluster Director, Mondelez International, West Africa, lamented the huge sustainability gap existing within African businesses due to the absence of ESG policies within organisations and emphasised the need to adopt ESG goals as a fundamental organisational principle and not just a strategy to be adopted.

According to Mrs. Adeboye, “Companies are increasingly adopting ESG not just as a strategy, but as a fundamental principle. Environmental, Social, and Governance considerations are integral to achieving lasting success and making a positive impact. African organisations need to ensure that they are doing the right things as it concerns ESG strategies.”

Highlights of the event include a stimulating Panel Session and Masterclasses where seasoned experts delved into specific aspects of ESG strategies and their impact on the private, public and social sector. The panel session was moderated by Omobolanle Victor -Laniyan, Head of Group Sustainability at Access Holdings Plc and had on it Mudrakat Alabi -Macfroy, Sustainability, Social Impact and ESG Professional (LAWMA); Tiwalade Adeniyi PhD, Sustainability Expert; Professor Kenneth Amaeshi, Professor of Sustainable Finance, European University Institute, Italy; Dr. Eugene Itua, CEO, Natural Eco Capital and Khethiwe Nkuna, Responsible Business Executive at Accenture, Johannesburg, South Africa.

The Masterclasses delved into conversations around Demystifying ESG for Nonprofit and Best Practices for Nonprofits and Social Enterprises in ESG Integration. The sessions were facilitated by Marilyn Obaisa-Osula, Associate Director, ESG and Sustainable Services, KPMG and Dr. Igazeuma Okorogba, Group Head of Sustainable at Dangote Cement Nigeria and Pan Africa.

A major highlight of the event was the award ceremony for the winners of the Changemakers Innovation Challenge, with Solar Sister Nigeria emerging winner, while Goal 3 from Rwanda, and Qubix Robotics from Malawi emerging first and second runner-up respectively.

In her speech, the CEO of Aspire Coronation Trust Foundation, Osayi Alile, noted:

“Every year, we are graced with diverse groups of experts from various sectors and socio-economic backgrounds and this year is no different. Our goal at this year’s Breakfast Dialogue is to help remove boundaries and knowledge limitations and gaps that may be hindering African organisations from significantly contributing to the achievement of sustainable development through the effective implementation of ESG practices, thereby reducing the challenges faced in Africa such as poor health systems, climate change, poverty, food security, youth, and entrepreneurship development. The world is at risk to a great number of challenges if organisations in the public, private and social sectors do not quickly embrace ESG principles and we believe this conversation is the right step in the right direction.”

While describing Aspire Coronation Trust Foundation’s impact over the last six years, she said:

“ACT Foundation has become an undeniable asset to the entire continent. We have achieved this by partnering strategically with over 97 non-profit and social enterprises whose sole purpose is to implement projects across Africa, private and public sector organisations. We remain committed to empowering and securing the future of Africa by furthering sustainable impact, providing enabling and supporting resources to non-profit organisations in the region to strengthen their capacity, thereby catalysing socio-economic development.”

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Yahaya Bello: EFCC Confirms Refund Of $760,000 From American International School Abuja

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The American International School in Abuja has reimbursed the Economic and Financial Crimes Commission (EFCC) for the amount of $760,910 that it was previously paid by former Kogi State Governor Yahaya Bello for his children’s advanced school fees.

Dele Oyewale, the EFCC spokesperson, verified this on Saturday.

The school requested the anti-graft agency’s “authentic banking details” in a letter dated October 24, 2022, in order to pay the reimbursement “as part of investigation into the alleged money laundering activities by the Bello family.”

The sum of $845,852 was said to be paid to the school between September 2021 and October 2022. The school said it deducted the educational services rendered between the period, with the remaining amount being $760,910.

The EFCC is prosecuting Bello on 19 counts bordering on alleged money laundering, breach of trust, and misappropriation of funds to the tune of N80.2 billion. The matter is before Justice Emeka Nwite of the Federal High Court in Abuja.

EFCC chief Ola Olukoyede, who vowed to prosecute Bello or resign, alleged that the embattled ex-governor withdrew $720,000 from the state’s accounts to pay his child’s school fees in advance just before he left office on January 27, 2024.

The anti-graft commission had declared Bello wanted after his successor, Governor Usman Ododo allegedly whisked him away on April 17, 2024, preventing EFCC operatives to arrest him (Bello) when they laid siege to his Abuja residence.

Meanwhile, a Kogi State High Court sitting in Lokoja has ordered EFCC chairman to appear in court on May 13, 2024, to show cause why an order of committal should not be made against him for allegedly disobeying court order.

The EFCC boss is facing a contempt charge for carrying out “some acts upon which they (the EFCC) have been restrained” by the Court on February 9, 2024, pending the determination of the substantive Originating Motion.

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Yahaya Bello: Kogi Court Summons EFCC Chairman Olukoyede Over Alleged Contempt

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Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), has been directed by a Kogi State High Court in Lokoja to appear in court on May 13, 2024, to provide justification for not having an order of committal placed against him for allegedly defying a court order.

A contempt charge has been brought against the EFCC chairman for executing “some acts upon which they (the EFCC) have been restrained” by the Court on February 9, 2024, while the Originating Motion’s merits are being determined.

Justice I. A. Jamil, delivering a ruling in Suit No: HCL/68M/2024 and Motion No: HCL/190M/2024, ordered that “the said act was carried out by the Respondent (EFCC) in violation of the order, which was valid and subsisting when they carried out the act. That same act of the Respondent amounts to Contempt.

EFCC operatives had laid siege on the residence of the immediate past Governor of Kogi State, Alhaji Yahaya Bello, as early as 8 am on April 17, 2024, with a bid to arrest him, despite a court order restraining them from taking such action, pending the determination of the Originating Motion.

Justice Jamil’s order was based on a motion ex-parte filed by Yahaya Bello through his lawyer, M.S. Yusuf, where he prayed to the court for an order to issue and serve the Respondent (EFCC Chairman) with Form 49 Notice to show cause why Order of committal should not be made on Olukoyede.

Having listened to the arguments of the Applicant’s counsel, the submission and the exhibits attached in the Written Address, Justice Jamil granted Yahaya Bello’s prayers and ordered Olukoyede to be summoned to appear before the court to answer the contempt charge.

Delivering his order on the motion on April 25, 2024, Justice Jamil said, “The applicant’s application before me is to the effect that the Respondent has carried out some acts upon which they have been restrained by this Court on the 9th of February, 2024, pending the determination of the substantive motion on Notice before this Court.

“That the said act was carried out by the Respondent in violation of the order which was valid and subsisting when they carried out those acts. That same acts of the Respondent amount to acts of contempt.

“That the Respondent should be summoned to appear before this Court to answer to the contempt charge.

“It’s against the above facts that this Court hereby grants the prayers sought in line with the principle of “Audi Ultra Patem”. To wit:

“An order of this Honourable Court for the issuance of Form 49 Notice to show cause why an order of committal should not be made against the Executive Chairman of the Respondent – Economic and Financial Crimes Commission (EFCC).

“An order for service of Form 49-Notice to show why an order of committal should not be made on the Executive Chairman of the Respondent – Economic and Financial Crimes Commission (EFCC) at EFCC Corporate Headquarters, Plot 301/302, Research and Institution District, Abuja.

“This matter is adjourned to the 13th of May, 2024 for the Respondent’s Chairman to appear before this Court in answer to form 49 ordered to be served on him.”

 

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Naira Depreciates Because I Was Out Of The Country — Odumeje

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The Mountain of Holy Ghost Intervention and Deliverance Ministry’s Prophet Chukwuemeka Ohanemere, popularly known as Odumeje, declared that he had returned to Nigeria in an effort to halt the dollar’s appreciation relative to the Nigerian Naira.

Odumeje, in a video recorded at the airport while returning from London, boasted: “This is Indaboski Bahose. The war and the battle. A man full of power and activities. The only man who tells you, “I will bring down a dollar,” and he gets it done. When I left the country, dollar began to rise; now, I am back, I will continue where I stopped.”

In a video recording of one of his church programmes a few weeks ago, the self-acclaimed prophet had claimed that the exchange rate of dollar to naira came down because of one of his powers, which he dubbed ‘Abidoshaker.’

His claims came on the heels of the Nigerian currency’s significant gains after exchanging at N1,920 per dollar.

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