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Dangote Refinery Awards Scholarship to 460 Students in Host Communities

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As part of its Corporate Social Responsibility (CSR) programmes, Dangote Petroleum Refinery and Dangote Fertiliser Limited have awarded scholarships to 460 students of secondary schools and tertiary institutions from its host communities in Ibeju Lekki, Lagos State.


The company said the scholarship had become an annual event meant to contribute to the educational development of the people and position them rightly in the scheme of things in Lagos State and Nigeria in general.


The scholarships were presented to 443 secondary school students and 17 tertiary institution students from its host communities around Ibeju-Lekki.


Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Group, Mr. Devakumar Edwin, presented the scholarships to beneficiaries yesterday at an event attended by traditional rulers and government officials in Lagos State.


Edwin said the Dangote Group believes that education is the passport to the future and that an investment in knowledge yields the greatest dividends for mankind.


He said the company had over the years supported the Nigerian educational sector by instituting scholarship award programmes.


According to him, this is part of the company’s education intervention initiative for indigenous students of host communities impacted by its businesses.


He stated: “In 2019, we executed a pilot of the scholarship programme where 51 secondary school students from our 15 host communities here in Ibeju Lekki were awarded.

However, we could not hold the second edition in the year 2020 due to the incidence of COVID -19 and its associated effects not only on businesses but on every household.


“In 2021, 118 secondary school students and 19 tertiary institution students from our host
communities were awarded the scholarship award and after a rigorous screening process
this year, 443 secondary school students and 17 tertiary institution students have qualified
for the scholarship award.”


While congratulating the beneficiaries, he enjoined them to continue to work hard at their studies, strive to achieve excellence in all that they do, and never stop giving their best.

“Your achievements are a testament to your determination, perseverance, and commitment to excellence, and we are honoured to celebrate your success with you today”, he added.


Edwin encouraged the awardees to make the most of the opportunities and to always strive for excellence.

“Remember that your education is a gift, and it is up to you to make the most of it. Take advantage of every opportunity to learn and
grow, and do not be afraid to take risks.

We are proud to support your education and future endeavors, and we look forward to
seeing all that you will accomplish in the years ahead. Congratulations again to all our
scholars.”


“With the continuous support of the people and the Lagos State Government, we shall not relent in our efforts to be socially accountable while we positively impact our host communities.

We look forward to a continuous peaceful and rewarding relationship with our host communities in Ibeju Lekki,” Edwin said.


On his part, the traditional ruler of Lekki, Onilekki of Lekki Land, Oba (King) Liasim Ogunbekun said that the programme was a blessing to the community and gave kudos to the Dangote Group.


“We appreciate Dangote Group because this is not their first time but their third scholarship edition to the host communities in Ibeju Lekki.


“I urge the beneficiaries to put in more effort in their academic pursuit and justify the amount being paid for the scholarship.


“We thank the Dangote Group because a lot of improvement have been recorded in the lives of the participants,” Ogunbekun said.


One of the beneficiary of the City & Guilds Engineering training programme, Raheem Olukayode thanked Dangote Group for the opportunity to study, become an engineer and impact positively to the society.


“The training has been beneficiary because it supports the less privilege who are interested in furthering their education achieve their dreams in spite of financial challenges.


“The programme is simply going to positively affect the development of Ibeju-Lekki in future because we are going to have more engineers emerging from this area.


“We were told that after level three training, the best of us will be given job opportunity to work with Dangote Group so we are encouraged to give our best to win the slot,” Olukayode said.


Also, the Head Girl of Community Senior High School, Magbon Segun, Ibeju Lekki, Sano Omolere said that the scholarship had assisted their parents in supporting their education.


“For instance, some students have relented in their effort to further in their education because of lack of money.


“However, this scholarship has supported our parents provide us with school fees and books that have encouraged a lot of us to do better in class,” the head girl said.

Business

Stallion Nigeria debunks owing GTB N13 billion

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Stallion Nigeria Limited has denied owing Guaranty Trust Bank (GTB) N13 billion.

Reacting to reports in a statement signed by Samar Sapre, chief financial officer of Stallion Nigeria, the company said: “Our attention has been drawn to an article circulating around in the media alleging that Stallion is indebted to GTB to the tune of N13 billion. The publication is false and the works of mischief makers as no such debt exists.

“Stallion has been in court with GTB since 2019 over allegations and claims with Stallion winning against GTB at the Court of Appeal, Nigeria. The matter is yet in court and to that extent remains subjudice.

“As a law-abiding corporate entity with faith in the Nigerian judiciary, we refrain from commenting on a matter that is subjudice except to clarify that the publication is false, mischievous and a ploy to smear the unblemished reputation of Stallion.

“We implore the general public to ignore the publication as there is no such court verdict existing anywhere as alleged in the publication. The matter is still pending in court.”

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Kaduna CAN chairman calls for arrest of bank officials over cash scarcity

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Joseph Hayab, chairman of the Kaduna chapter of the Christian Association of Nigeria (CAN), has called for the arrest and prosecution of bank officials hoarding the new naira notes.

His statement came amid the scarcity of the new naira notes across the country — a situation that is heightening tension and causing hardship for Nigerians.

Hayab, who spoke in Kaduna on Sunday, commended President Muhammadu Buhari on the direction of the policy aimed at deterring vote buying.

The cleric said the Central Bank of Niger(CBN) should do everything possible to make the currency available to end the hardship.

“Notwithstanding CAN believe that despite the temporary pains Nigerians face, the citizenry is prepared to support the president on the matter of the deadline, especially if it would assist to ease the tension in the country,” he said.

“Therefore, managers of banks who are found to hoard the new naira notes to create artificial scarcity, but are behind the public arena helping money-bag politicians to get the new notes, set the public up against the CBN’s new policy.

“Such banks and bankers should be investigated, and if found culpable, be made to face the wrath of the law.

“CAN will continue to sensitize and mobilize our faithful to support any programme which results could bring about good service delivery for a better nation.”

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Business

‘Bank officials sell naira notes to us’ — PoS operators explain increase in charges

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Point of sale (PoS) operators have claimed that bank officials sell cash (both old and new naira notes) to them.

In separate interviews with NAN in Abuja on Friday, some of the operators said they pay an exorbitant fee which depends on the amount withdrawn.

To make up for the extra expense, they explained that they had no choice but to increase the charges paid by customers.

They further appealed to the Central Bank of Nigeria (CBN) to penalise banks involved in the act.

An operator along Nyanya-NNPC road, who preferred anonymity, said she paid the extra charge to keep her business going.

”I paid a very high amount to get this money that I am giving to customers. If you look around here, other operators did not open,” she said.

”The woman (bank official) that I collect money from even increased the money today because she said that cash is scarce and she kept it for me because I called her earlier to do so.

”I pay according to the amount I collect. Sometimes, I pay as high as N5,000 for N50,000 to N70,000 that I collect from her.

”I charge N500 for every N5,000 withdrawn and N1000 for every N10000 withdrawn for me to recover what I spent to collect the money.”

Also speaking, Nnedi Ikonye, a PoS operator along Lugbe, said she paid N3,000 for withdrawing N65,000 in a bank.

”I was asked to pay N3,000 for the N65,000 that I withdrew from a bank and that is because I know someone in that bank,” Ikonye explained.

“That is just a token compared to what my colleagues are paying. They pay more because they don’t know people in the bank.”

Alphonsus Idah, a PoS operator at Mararaba market, urged the CBN to impose sanctions against banks who persist in selling cash to their customers.

This, he explained, would stop the untold hardship faced by citizens.

Another PoS operator, who pleaded anonymity, alleged that bank officials usually withdraw money for their clients.

“In some banks, ATM will not work even though they are loaded with cash,” the operator said.

“During close of work, the bankers will turn the machine on and queue to withdraw from the machine.

“The annoying thing is that one banker can hold like 10 different ATM cards and will withdraw from all of them. This is frustrating.”

In a bid to address long queues at automated teller machines (ATMs), the CBN had directed banks to commence payment of redesigned notes over the counter, with a daily limit of N20,000.

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