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Reps laud TETFUND for promoting research amongst Nigerian students, youth

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…as Kalu calls for more innovative hubs in S/East

Tertiary Education Trust Fund (TETFund) has been applauded by the House of Representatives for championing creative researches and establishing innovative hubs for the promotion of science and technology education amongst Nigerian students and youth.

Speaking at the closing ceremony of a two-week cohort learning for some select Nigerian students, researchers and academia at the Abuja Innov8 Hub over the weekend, the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu said the Parliament would continue to support creative activities that tended to develop the minds of Nigerian youth with innovations, such as the one undertaken by the TETFund.

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Termed “Research for Impact Initiative (R4i)”, the programme is a collaborative endeavour by TETFund and Innov8 Hub, launched in year 2022, to usher in a new era of innovation, technology, research and development in Nigeria with the aim to spur economic growth and comprehensive national development.

Kalu said: “The House is interested in providing solutions to the hydra headed needs of the Federal Republic of Nigeria.
It has also come to our mind that, the problems that we are trying to solve year-in, year-out, using the usual tradition, has not given us the expected level of production in this country, therefore, the call for innovation that will challenge tradition, to increase production; that call cannot be overemphasized”.

The Deputy Speaker said that in today’s rapidly evolving world, innovation is no longer a luxury but a necessity, stressing that it is the key to unlocking economic growth, tackling complex challenges, and building a brighter future for the youth and generations to come.

“For Nigeria, this need for innovation is even more crucial. We face
numerous challenges, from unemployment and poverty to security threats and climate change. To overcome these obstacles and achieve sustainable development, we must unleash the immense potential of our people, particularly our young minds brimming with creative ideas and
entrepreneurial spirit.

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“This is where initiatives like the Innov8 Hub by i-FAIR come into play. By
providing mentorship, resources, and collaboration platforms, these
programs empower our innovators, inventors, and entrepreneurs to
transform their ideas into tangible solutions”, Kalu added.

The Deputy Speaker also acknowledged the role of the Embassy of the State
of Israel in Nigeria and the Israeli community, in “partnering with Nigeria in
this crucial endeavor. Your commitment to fostering innovation and entrepreneurship in Nigeria is truly commendable, and we, as a nation,
deeply appreciate your support”.

He said that it is the lot of President Bola Ahmed Tinubu for Nigeria to innovate for the good of the country even as he expressed joy that TETFund is planning to expand the hub and provide the needed platforms for innovation.

“The President (Tinubu) believes that we need to innovate. Nigeria believes that we need to innovate. That is why every agency of government, such as TETFund, has been given all that is needed to push innovation from where this administration met it, to where it ought to be. And I’m happy, speaking from the parliament, that the man who is driving it is my good friend, he is not sleeping, he is interested in pushing. I’m proud of you. I’m really proud of you!

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“You are thinking outside the box, how we can build this nation, not by doing the usual, but by considering the possible and fighting the impossible elements, so that the possibility will be showcased to make our lives easier. I’m proud of the work you are doing and you should do some more.

“And I know when I heard what you said in that speech that you are planning to multiply this, I was impressed. When I heard you are planning to even incorporate those who innovated outside this hub, that you will provide a platform for them; I was very impressed, because, by so doing, you will harvest innovations you have not invested in, and then prune it for a greater future”, Kalu told TETFund.

The Deputy Speaker also called for the establishment of such innovation hubs across the South East region of Nigeria, to mitigate the impacts of insecurity and underdevelopment, which is part of the programs being undertaken by the Peace in South East Project (PISE-P).

“Furthermore, this initiative can be strategically linked to the Peace in South
East Project (PISE-P), a comprehensive program ideated by my office in
collaboration with legislators from South East Nigeria aimed at addressing
socio-economic challenges and fostering peace in the region. By engaging young people in innovation and entrepreneurship, we can provide them
with meaningful alternatives to violence and instability, contributing
significantly to lasting peace and development.

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“Therefore, I call upon i-FAIR to consider establishing a similar facility in the
South East of Nigeria. This region, renowned as our nation’s manufacturing
hub, presents immense potential for harnessing innovation and
entrepreneurship”, he stressed.

Earlier in his speech, the Executive Secretary of TETFund, Arc. Sonny Echono said the initiative is part of the Fund’s strategy to reposition public tertiary institutions as a catalyst for national rebirth to a knowledge economy for socio-economic development.

He appreciated Innov8 for partnering TETFund to propagate and advance an innovation ecosystem in Nigeria’s tertiary education sphere, saying the role of the firm in providing the technical expertise needed to bring the ideas of participants to life is highly commendable.

Highlights of the event included the presentation of certificate of participation to participants in the 2-week training; exhibition of group works innovated during the period as well as conducting the Deputy Speaker round the facilities to appreciate many creative activiti goes ongoing at the hub.

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NAF to get 50 new fighter jets

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At his second biannual meeting with branch chiefs and Air Officers Commanding NAF formations in Abuja, the Chief of Air Staff(CAS),  Air Marshal Hasan Abubakar, said the expected 50 fighter jets would complement the 12 already in NAF’s inventory.

Abubakar encouraged the officers to uphold the highest standards of professionalism, integrity, and loyalty as they contribute to the overall mission of the NAF.

He said: “A few months ago, we celebrated the 60th anniversary of the Nigerian Air Force, which ushered us into a golden era of transformation and evolution.

“Over the past year, we have successfully inducted 12 aircraft into our inventory, and God willing, we shall take delivery of 50 brand new aircraft between December this year and 2026.

“This is a remarkable achievement that we have not witnessed in a very long time.

“Indeed, these are exciting times that demand innovative thinking, resilience, and dedication.’’

Also yesterday, the Defence Ministry said the ongoing military operations against insurgents in the Northeast and Northwest had reached an advanced stage with the deployment of sophisticated satellite assets.

It said: “Right now, we have moved from normal military operations to advanced military operations. We now use drones. We need satellite to do that. Our troops have to identify where our enemies are. As it is now, without satellites, we cannot operate our drones.

“There will be pollution, or rather, what you call accidents, among the drones in the space. Therefore, we need satellites to do that operation.”

Permanent Secretary of the ministry   Ibrahim  Kana stated this at  the Stakeholders Engagement organised by the Nigeria Communications Satellite Ltd., NigComSat.

Kana lauded President Bola Tinubu, the military, and other security agencies for protecting  the country

He said: “I want to use the opportunity, really, to thank His Excellency, Mr President, for bringing us together and making sure that we all work together and providing all the necessary requirements, particularly launching of more satellites in space.”

President   Tinubu’s efforts in the fight against insecurity in the North was also commended by the  Arewa Elders Progressive Group yesterday.

The group noted that Tinubu’s approach to tackling insecurity, particularly his decision to use military force to crush bandits, has shown promising results.

The commendation was contained in a statement by the group’s Chairman,  Mustafa   Dutsinma.

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Bandits got weapons from corrupt security agents, says NSA

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Bandits and terrorists got a sizeable number of their arms and ammunition from securitymen, National Security Adviser (NSA) Nuhu Ribadu has said.

Ribadu, at the destruction of seized/recovered 2,400 illicit small arms and light weapons in Abuja yesterday, expressed worry that most of such arms were sold to criminals by security personnel.

Also in Abuja, the Defence Ministry announced that the ongoing anti-terror war had moved from normal military operations to the use of drones, and advanced war technique.

Fifty new fighter jets are to be added to the Nigerian Air Force (NAF) fleet between December this year and 2026 to rev up the war against insurgents and other criminal elements in the country, Ribadu reaffirmed.

At the arms destruction by the National Centre for the Control of Small Arms And Light Weapons (NCCSALW), a unit in the Office of the NSA,  Ribadu, assured that the government would do everything possible to keep the country safe and secure.

He said: “We have to find a way of putting a stop to this. We must if we want to recover our country and live in peace and stability.

“The worst human being is a policeman or a soldier who will take arms from his own formation and sell it or hire it out for the bad people to come and kill his own colleagues.

“We must fight these people but also there are merchants of death and evil from outside the world.

“The proliferation of illicit small arms and light weapons remains a major threat to our national security, exacerbating issues such as insurgency, banditry and other violent crimes.

“We have laws that govern ownership of small arms. If you do not follow it, it is an illegal arm and it is supposed to be destroyed completely.”

The  NSA said the military and other security agencies would secure the country against the merchants of death by all means possible.

He said with the present leadership,  the country would overcome all the country’s security challenges within the shortest possible time.

“We are not going to relent. They think we are jokers. We are not, we know what we are doing. And I can assure you with the leadership we have today in our country, with the set of people in charge, we have hope.

“Just give us time. It will change. The proliferation of small arms and light weapons remains a major threat to our national security.  We will fight it. We will secure this country,” Ribadu added.

NCCSALW Director-General Johnson Kokumo said the challenge posed by the proliferation of Small Arms and Light Weapons (SALW) was one of the major threats to peace and security not only in the country but in  West Africa.

He said the 2,400 destroyed weapons, comprised unserviceable, decommissioned, and recovered arms.

Kokumo added: “These weapons were mopped up by the military, police and other security agencies across the country.

“By permanently removing these arms from circulation, we reduce the risk they pose to our communities and send a clear message that Nigeria will not tolerate the illegal trafficking and possession of small arms and light weapons.’’

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Unpaid Commission: Businessman Sues FCMB, Demands $60,206.66

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A businessman, Michael Ogbole, has sued First City Monument Bank at a Lagos State High Court in Lagos, demanding $60,206.66 as unpaid commission for allegedly facilitating a multi-million-dollar transaction with a United States-based company, Sky Enterprise LLC.

Ogbole, in the suit, filed by Falana & Falana Chambers accususe FCMB of circumventing him in the deal.

The claimant alleged on June 2, 2016, he met with FCMB’s Group General Manager and Chief Executive Officer, Ladi Balogun, to discuss how he could help the bank secure finance from Sky Enterprise, a Florida-based firm specialising in trade finance, risk, and debt management.

Following their discussion, Balogun allegedly directed him to contact FCMB’s Treasurer, Gerald Ikem, who introduced him to Nomso Ezenta, head of Structured Funding and Correspondent Banking, to coordinate the transaction.

The businessman said on September 2, 2016, he arranged a meeting between Sky Enterprise’s Global Director for Africa, Yinka Akinlabi, and FCMB at the bank’s headquarters to structure the deal.

The claimant said those present were top FCMB executives. After the meeting, the parties exchanged emails and phone calls to finalise the transaction.

However, in February 2021, the businessman discovered FCMB went ahead with the deal through Sky British, a subsidiary of Sky Enterprise, without his involvement.

He claims this was confirmed by FCMB’s Annual Report and Financial Statements of December 31, 2020.

In a letter of October 12, 2021, the businessman demanded $60,206.66, representing one per cent commission on the $6,020,660, facility secured by FCMB from Sky British. After FCMB failed to respond, another demand letter was sent on January 19, 2022. Despite these efforts, the businessman claimed FCMB has refused to pay.

FCMB, through its lawyer, Wale Olawoyin, said the suit lacks merit, admitting that in 2016, Ladi Balogun was approached by the claimant, claiming he can broker dollar loans for banks.

Subsequently, the bank said the claimant, through phone conversations, emails, and two meetings, held discussions with other FCMB executives.

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