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Unity Bank Targets Women; Launches Yanga Account

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In its bid to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designed to deepen beneficial impact on Micro Small, and Medium Enterprises, MSMEs operated by women in the mass market retail space.

As a product targeted to boost the Nigerian women entrepreneurs, the initiative was intended to create Yanga Experience, from promoting the business, capacity building to health insurance scheme for Yanga Account holders.

A statement by the Bank said that the benefits for signing up to Yanga Account are summed up as ‘The Yanga Experience’. This means that as we target every woman in the mass-market retail space, the Yanga account holders will enjoy many benefits including stress-free savings and investment, access to the services of dedicated Sales Agents, Agency Banking services close to the location of their businesses, special business seminar and training on how to grow business, access to microloans, customized debit cards and other bundled e-banking products.

Speaking at the launch of the product in Abuja on Tuesday, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun stated the “Yanga Account is being launched as a bold attempt to directly cater to women and their respective businesses.”

The Unity Bank Boss, therefore, asserted that the Account “is open to all market women in farming, fashion design, tailoring, frozen food, pastry and baking, cosmetics, jewelry designs and making, skincare, eateries, and restaurants, etc. whether living in the communities or cities.”

“Yanga Account is conceived and designed for the financial literacy and empowerment of Nigerian women. It is about making sure that our women who make up 55% of the financially excluded Nigerians have access to basic and life-changing financial services.”

Recent research by Enhancing Financial Innovation & Access (EFInA) has shown that “Women need economic opportunities if countries are to realize the full potential of their human capital. Financial inclusion can benefit individuals, families, and businesses, supporting key outcomes such as GDP growth”.

Speaking further, Somefun said: “The Yanga account will also be incorporating an affordable Health insurance scheme not only as a part of the product bouquet underpinning the Bank’s belief in health and wellness which translate to wealth creation but also to drive insurance penetration which is presently at 2% in Nigeria. We, therefore, believe that this will provide essential ingredients to growing a business as well as adding greater value for Yanga account holders.

“At Unity Bank, through products like Yanga Account, we continue to align with the vision of the Central Bank of Nigerian and the financial services ecosystem to provide needed support for Nigerian women by enhancing access to wealth-creating opportunities in the financial services sector”.

Also, speaking, Group Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Funwa Akinmade said: “the official launch of the Yanga Account is an extremely important step for us as a Bank because it is one step that brings our services closer to Nigerian women as Unity Bank makes the efforts to further expand its retail footprints in the market.

“At Unity Bank Plc, we have devoted the past few years to constantly innovating with banking solutions to enable us to drive more financial inclusiveness in different market segments, but the Yanga Account is introduced as a bold attempt to directly cater to women and their respective businesses.

“Unity Yanga is a well-packaged banking product that combines several services that most small businesses owned by women will need to become profitable. We are optimistic that Nigerian women will embrace the Yanga Account and leverage its full benefits to grow their businesses.”

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UK Imposes Travel Restrictions On Six African Countries As New COVID-19 Variant Emerges

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The UK government has imposed temporary travel restrictions on six African countries following the emergence of a new COVID-19 variant in South Africa.

A new variant of the coronavirus, B.1.1.529, was discovered in South Africa three days ago and 59 cases have been confirmed in South Africa, Hong Kong, and Botswana.

Although the variant is yet to be detected in the UK, it has gone ahead to announce that travelers from South Africa, Namibia, Zimbabwe, Botswana, Lesotho, and Eswatini, will not be allowed into their shores from 12:00 GMT Friday (1 p.m. Nigerian time).

According to Sajid Javid, the UK health secretary, “the UK Health Security Agency is investigating a new variant. More data is needed but we’re taking precautions now.”

“From noon tomorrow, November 26, six African countries will be added to the red list, flights will be temporarily banned, and UK travellers must quarantine.”

Experts have said that the B.1.1.529 variant could be the most lethal and worrying yet. This is because of its “awful spike mutation profile”, which scientists fear could help it evade immunity. Early reports suggest it is capable of reducing vaccine efficiency to just 30 percent.

“The first indications we have of this variant are that it may be more transmissible than the Delta variant and that the vaccines we currently have may be less effective,” Mr Javid said.

According to him, British scientists are “very concerned” by this variant.

“We will ask anyone arriving from these countries from 4 a.m. on Sunday to quarantine themselves in hotels,” Mr Javid said, adding that those arriving before that date will have to self-isolate and do two PCR tests on the second and eighth day of their confinement.

“And if someone has arrived from these countries in the last ten days, we will ask them to do PCR tests,” he added.

The WHO will hold a special meeting following the emergence of this new variant.

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Chidinma Sold Ataga’s Laptop To Me For N495,000 —– Computer Village Businessman

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A businessman, Mr Ifeoluwa Oluwo, has narrated how the laptop of the murdered Chief Executive Officer of Super TV, Michael Ataga, was sold to him for N495,000 by Chidinma Ojukwu two days after Ataga’s body was found.

Chidinma, a 300-level Mass Communication student of the University of Lagos, was accused of killing Ataga.

The undergraduate and two others, Adedapo Quadri and Chioma Egbuchu, are undergoing trial before Justice Yetunde Adesanya of the Lagos State High Court sitting at the Tafawa Balewa Square, Lagos State.

At the resumed hearing on Thursday, Oluwo, the third prosecution witness, was led in evidence by the Lagos State prosecuting counsel, Mr Yusuf Sule.

Oluwo said he sells phones, laptops, and accessories at Computer Village, Ikeja, Lagos, and has been in the business for five years.

According to him, after seeing Chidinma on social media after the sale of the laptop, he immediately ensured that all her documents were kept handy.

The witness identified Chidinma as a customer who had purchased a phone on April 30 and also sold a laptop on June 18, at the same office.

Oluwo said, “On June 18, Chidinma sold me a MacBook Pro laptop for N495,000 after negotiations and market value comparison. In order to make a sale, you have to submit some documents and fill a form with your government identification card, driving license, international passport, voters’ card, and National Identification Number.

“You also have to fill a form which includes email, phone number, house address, and full name. It will also contain the full value of the item for that day, the name of the item, and the serial number of the item.

“This is what we do to contact a customer if there are any issues.

“I asked Chidinma to unlock the laptop and she did. So, I conducted my internal observation which included speed performance, the circle count of the battery, and general functionality.

“After that, I proceeded to ask questions, ‘Do you have a receipt for this laptop?’

“She stated that it was a gift from her boyfriend and that she had two laptops and needed to sell one to pay some bills.

“I conducted a check on a website for my market evaluation. I confirmed the value of the laptop. It was $1,000 to $1,200. The exchange rate of dollars at that time was N400 to N450 and she wanted to sell for N600,000. We were able to negotiate for N495,000, which I initiated from my UBA bank account to her Sterling bank account.”

When asked if Chidinma had produced the receipt of the laptop, Oluwo stated that she was not able to provide the receipt as she had insisted that it was a gift from her boyfriend.

“After the sale of the laptop, we saw her face on social media regarding a murder case. A few days later, the police from the State Criminal Investigation Department, Panti, invited my manager, Olutayo Abayomi.

“When I got to the police station, I discovered that it was in connection to the laptop we bought from Chidinma on June 18.

“We both made a statement detailing how we came about the laptop and how we made the purchase.

“We gave the police the documents of the former owner, which included a copy of her voters’ card, a copy of our form, and all receipts which already have her information regarding the laptop.

“There is no way we can detect that a phone or laptop was a stolen one,” Oluwo said.

During cross-examination, Chidinma’s counsel, Onwuka Egbu, asked if he was shown any documents, receipts, or proof of ownership to show that the laptop was not for the first defendant at Panti but the witness said he was not shown any.

Justice Adesanya adjourned the case till November 29, for the continuation of trial.

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New COVID Variant Of ‘Serious Concern’ Detected In South Africa

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A new variant of the coronavirus has been detected in South Africa.

The variant, B.1.1.529, is said to have a high number of mutations, which may be a source of concern in relation to immunity and transmissibility.

Confirming the discovery in a statement on Thursday, the NICD said 22 positive cases of the new variant have so far been detected in the country.

“The National Institute for Communicable Diseases (NICD), a division of the National Health Laboratory Service, confirms that through collaborative efforts with private laboratories and the NGS-SA members, a new COVID-19 variant, B.1.1.529, has been detected in South Africa,” the statement reads.

“Twenty-two positive cases of variant B.1.1.529 have been recorded in the country following genomic sequencing collaborations between the NICD and private laboratories. In addition, other NGS-SA laboratories are confirming more cases as sequencing results come out.”

According to the statement, Adrian Puren, NICD acting executive director, said it is “not surprising” that a new variant has been detected in South Africa.

“Although the data are limited, our experts are working overtime with all the established surveillance systems to understand the new variant and what the potential implications could be. Developments are occurring at a rapid pace and the public has our assurance that we will keep them up to date,” Puren said.

The institute said Joe Phaahla, the country’s health minister, confirmed that the new variant has also been detected in Botswana and in Hong Kong.

He said the variant was of “serious concern” and behind an “exponential” increase in reported cases, making it “a major threat”.

Michelle Groome, head of the division of public health surveillance and response at the NICD, also said provincial health authorities remain on high alert and are prioritizing the sequencing of COVID-19 positive samples.

“This means that individuals should get vaccinated, wear masks, practice healthy hand hygiene, maintain social distancing, and gather in well-ventilated spaces. Individual compliance to preventative measures can have a great collective impact in limiting the spread of the new variant,” she added.

As of September 2021, the World Health Organisation (WHO) had identified five COVID variants — Alpha, Beta, Gamma, Delta, and Mu.

While it is not unexpected that there will be more variants of the coronavirus, prior to the detection of the B.1.1. 529, the Delta variant had been linked to a high infection rate.

The Delta COVID variant was confirmed in Nigeria in July 2021, and is currently the most dominant strain in the country.

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