Sir Muftau Oyegunle, President, Chartered Insurance Institute of Nigeria (CIIN) says the insurance industry in Nigeria is undergoing a revolution, meaning that industry professionals must be ready to scale the challenges of the operating environment to remain in business.
Speaking at the 2021 induction ceremony of the CIIN in Lagos, Oyegunle said:
“The insurance industry is undergoing a revolution and our ability to dig in and dig deep during this defining period will ensure that we are not swept away by the turn of events. We aware of the ever-changing demands of the dynamic business environment and I can assure you that considerable effort is being put in by the Institute to remain relevant to the modern-day professional as a leading light to insurance practitioners in the country and beyond it. Ultimately the goal is to ensure that insurance practitioners retain the competitive edge that will see them perform at optimal levels in order to tackle the current challenges in the business landscape and to stand out successfully. In all we do, our job is to bridge the divide and make a difference in our industry for the growth of our country.”
The CIIN President said the Institute’s professional examinations since inception have served as a springboard for outstanding practitioners to launch and distinguish themselves into the core of the insurance industry.
“It is extremely important to point out that by attaining our professional qualification, you have become custodians of the ethics and codes of practice of our noble profession. The purpose of the Institute’s code of ethics is to set forth the values, principles and standards that will guide the conduct of all insurance practitioners.”
He urged insurance practitioners in the country to act as lifetime ambassadors of the industry by upholding the creed and replicate all that it represents in their endeavors.
“Who you are and the principles you uphold are some of the things that make you stand out as a leader and a truly successful professional.”
CIIN Tasks Insurance Professionals on Industry Revolution, Business Landscape
CIIN: 7 Fellows, 245 Associates Inducted, 10 Graduands from Cameroon, Rwanda, The Gambia
Mrs. Joyce Odiachi, Head, Technical Division, Fin Insurance Limited being decorated as a Fellow by Sir Oyegunle at the CIIN Induction event today in Lagos
ADDRESS BY SIR MUFTAU OYEGUNLE, PRESIDENT/CHAIRMAN OF COUNCIL, CHARTERED INSURANCE INSTITUTE OF NIGERIA DURING THE INSTITUTE’S 2021 GRADUATION AND FELLOWSHIP AWARDS CEREMONY HELD ON WEDNESDAY, 8TH DECEMBER, 2021 AT THE COLLEGE OF INSURANCE AND FINANCIAL MANAGEMENT.
PROTOCOLS
Ladies and gentlemen, captains of industry and distinguished stakeholders of the insurance industry. It is with a deep sense of pride and fulfillment that I welcome you all to the 2021 Graduation and Fellowship Awards Ceremony of our great Institute.
Since its conception, the Institute’s professional examinations have served as a springboard for outstanding practitioners to launch and distinguish themselves into the core of the insurance industry.
On behalf of the Members of the Governing Council and the Institute’s Secretariat, I would like to say congratulations to the inductees and awardees here present and also our international graduands, we have six (6) from Cameroon, three (3) from the Gambia and one (1) from Rwanda.
This is no mean feat and should give you joy and a sense of achievement. The professional qualifications are a source of pride to the Institute and all its members. Today, I welcome you to the prestigious club of Insurance Professionals.
It is extremely important to point out that by attaining our professional qualification, you have become custodians of the ethics and codes of practice of our noble profession. The purpose of the Institute’s code of ethics is to set forth the values, principles and standards that will guide the conduct of all insurance practitioners. As lifetime ambassadors of the Insurance practice, I urge you to uphold this creed and replicate all that it represents in your endeavors. Who you are and the principles you uphold are some of the things that make you stand out as a leader and a truly successful professional.
The completion of the Institute’s examination and your induction as an Associate of the Institute is actually the beginning of your quest for knowledge. To be successful, you have to use each day as an opportunity to improve, to be better, and to get a little bit closer to your goals. It might sound like a lot of work, but the best part is, the more you accomplish, the more you’ll want to do more and the higher you’ll want to reach. In the words of Ralph Waldo Emerson “Do not follow where the path may lead. Go, instead, where there is no path and leave a trail”. As long as you have the hunger for success, you will always have the power within you to achieve it. I urge you not to relent in developing yourselves in order to stay relevant in the dynamic business world of today and in the future. Ensure that take advantage of the Mandatory Continuous Professional Development (M.C.P.D) programmes offered by the Institute in addition to other post-qualification training courses.
Please note that that all certificates issued by the Institute remain the Institute’s property and could be withdrawn from the holders if the Institute has good reasons to do so. Please note that a further reason for such withdrawal of certificates could emanate from acts unexpected of a holder of the Institute’s professional qualification and unethical behavior. This policy remains in force. It is my hope that there will not be an occasion where the institute is required to do so.
We aware of the ever-changing demands of the dynamic business environment and I can assure you that considerable effort is being put in by the Institute to remain relevant to the modern-day professional as a leading light to Insurance practitioners in the country and beyond it. Ultimately the goal is to ensure that Insurance practitioners retain the competitive edge that will see them perform at optimal levels in order to tackle the current challenges in the business landscape and to stand out successfully.
The coming April 2022 diet will see the complete transition into the New Syllabus all the examination stages has been completely on boarded and revised. The goal is to ensure that Insurance practitioners retain the competitive edge and are well equipped to perform to optimal levels in order to tackle the current challenges in the business landscape and to stand out successfully.
We aware of the ever-changing demands of the dynamic business environment and I can assure you that considerable effort is being put in by the Institute to remain relevant to the modern-day professional as a leading light to Insurance practitioners in the country and beyond it. Ultimately the goal is to ensure that Insurance practitioners retain the competitive edge that will see them perform at optimal levels in order to tackle the current challenges in the business landscape and to stand out successfully.
Ladies and Gentlemen, in all we do, our job is to bridge the divide and make a difference in our industry for the growth of our country. The Insurance industry is undergoing a revolution and our ability to dig in and dig deep during this defining period will ensure that we are not swept away by the turn of events.
I would like to appreciate and welcome our guests who have made great efforts to be with us for the duration of this ceremony and once again I would like to convey the warmest wishes and the congratulations of our Council to all awardees and graduands.
Thank you for your attention.
SIR MUFTAU O. OYEGUNLE ACII, FIIN
President/Chairman of Council
CHARTERED INSURANCE INSTITUTE OF NIGERIA
Organic Solutions Trains 4,000 Skin-Care Givers on Formulation, Business Growth
R-L: Mr. Agudiegwu (seated), Chairman and Mrs. Gloria Agudiegwu (3rd seated), Managing Director/CEO, all of Organic Solutions Nigeria Limited with Staff and some participants at a recent training session in Abuja.
Organic Solutions Nigeria Limited has trained over 4,000 skin-care givers on the basics of skin-care product formulation and how individuals can organically formulate their own products from start to finish.
Mrs. Gloria Agudiegwu, Managing Director/CEO of Organic Solutions Limited said in Abuja that the firm, which specialises in skin-care products in terms of formulation, marketing and training, has been in the business for over 10 years cumulative and going very strong.
Mrs. Agudiegwu said: “We are specialists in skin-care products for over 10 years and have trained more than 4,000 existing and potential skin-care givers in both product formulation and business growth strategies through online platforms and physical one-on-one classes. We are into the manufacturing and marketing of natural and organic skin and hair-care products for all classes of individuals and corporate clients.”
She listed some of the company’s natural and organic skin/hair-care products to include:
Skin Care:
• Creams
• Lotions
• Body Scrub
• Body Nourishing/Lightening Oils
• Shower Gels
• Body Perfumes
• After Shave
• Hand Sanitizers and Lots More
Hair Care:
• Hair Shampoo
• Hair Conditioner
• Hair Creams
• Hair Oils
• Hair Relaxer
Soaps Products:
• Laundry Bar Soap
• Bathing Soaps- Milk Soap, Transparent Soap, Organic tablet
• Anti-bacterial Hand Wash
Others:
• Antiseptics
• Disinfectants
• Bleach
• Essential Balm
The CEO added: “Organic Solutions promises to be your number one-stop shop for organic and beauty solutions, which we are striving to achieve daily. To get updates about our products, pls follow us on Facebook: Organic Solutions and Instagram: Organics_Solutions.”
NCC, ALTON Back 2021 ITREALMS E-Waste Dialogue
The apex telecommunications regulator, the Nigerian Communications Commission (NCC) and the Association of Licensed Telecommunications Operators of Nigeria (ALTON) have drummed support for the 2021 edition of the ITREALMS E-Waste Dialogue scheduled for Welcome Centre Hotels, International Airport Road, Ikeja, Lagos by 9am this Thursday.
Just as experts from the Nigerian Content Development and Monitoring Board (NCDMB), National Environmental Standards and Regulations Enforcement Agency (NESREA), Environmental Health Officers Registration Council of Nigeria (EHORECON) and E-Waste Producer Responsibility Organisation of Nigeria (EPRON) to name a few, have lined up to dissect the theme of the dialogue “e-Waste in Nigeria: Consumer as key to Circular Economy & 20 years of GSM.”
Confirming these at the weekend, the editor-in-chief, ITREALMS Media group, Mr. Remmy Nweke, said that the ITREALMS E-Waste Dialogue, slated for Thursday, December 9, 2021, at Adams Hall, Welcome Centre Hotels, Lagos would have the Executive Vice Chairman (EVC) of NCC, Prof. Umar Garba Danbatta deliver a keynote address to the occasion.
Danbatta’s keynote, Nweke revealed would focus on “20 years of GSM and e-Waste in Nigeria” while ALTON chairman, Engr Gbenga Adebayo would share insight on “ALTON: 20 years of GSM and e-Waste in Nigeria.”
Nweke noted that the importance of tackling electronic waste in the country cannot be over-emphasised, as the nation celebrates 20 years of Global System for Mobile Communications (GSM) which made it easier for inflow of electronic devices and usage in the most populated African nation.
Pointing out that the Waste of Electrical and Electronic Equipment (WEEE) emanates from the likes of mobile phones, computers, TV-sets, and fridges among other electronic devices have become a set of fastest growing waste streams across the globe.
Nweke also noted that Professor Danbatta as the Chief Executive Officer of NCC is serving a second term of five years in office, following the approval of President Muhammadu Buhari in 2020.
Danbatta earned his BEng, MSc degrees from the Technical University of Wroclaw in Poland and received his PhD from the University of Manchester Institute of Science and Technology (UMIST).
As a multiple award-winning professor, Danbatta successfully spearheaded the attainment and surpassing of Nigeria’s national broadband target in 2018, and he is currently among those leading the charge for the realization of the new national broadband target of 70 per cent by 2025, after the country achieved and surpassed its earlier national target of 30 per cent penetration in 2018.
In no small measure, Danbatta has strengthened the role of the telecommunications sector as a major contributor to the country’s Gross Domestic Product (GDP) growth, and boosted telecoms investment inflows from $36 billion to over $70 billion since 2015, among others.
Prior to his appointment as EVC/CEO of NCC in 2015, Danbatta, was a professor of telecommunications engineering, who worked in academia as lecturer where he supervised over 60 PhD, MEng and BEng projects in diverse areas of telecommunications, rising to the position of Acting Vice-Chancellor in a Nigerian university.
He was the Vice-President of the Digital Bridge Institute (DBI), an international centre for advanced communications studies established in 2004 by the Commission (NCC) for capacity in diverse areas of Information and Communication Technology (ICT).
Further, Nweke said that ALTON is a body corporate, duly registered in Nigeria and recognized by the government of and NCC as the official industry body for all providers of telecommunications and subsidiary services in Nigeria.
ALTON is ably led by Engr. Gbenga Adebayo, the Chairman and Group Chief Executive Officer of Communication Network Support Services Limited Group of Companies, whose operations cuts across Telecommunication Network maintenance, Call and Contact Centre Service, Media, Broadcasting, Agriculture, Hotels and Hospitality Services, Medical and Hospital Services.
ITREALMS Media, he said, in commemoration of the International E-waste Day (IeWD) 2021, has advanced plans to host a day discourse on e-Waste in Nigeria: Consumer as key to Circular Economy & 20 years of GSM under its flagship ITREALMS e-Waste Dialogue scheduled for Thursday, December 9, at the Welcome Centre Hotels, International Airport Road, Ikeja, Lagos.
NCC Debunks Allegation of Extending 5G Deadline When Only MTN Submitted Bid
The Nigerian Communications Commission (NCC), in the course its routine media review, became aware of the front-page headline of the BusinessDay newspaper of Thursday, December 2, 2021 with the title “How NCC moved 5G deadline after only MTN submitted bid.”
The publication alleged that “the Commission was forced to move the November 24 deadline for the submission of the bid and payment of the ten percent fee of $20 million after it emerged that only MTN Nigeria had complied with the requirement.”
It is pertinent to state that the Nigerian Communications Commission maintains an unimpeachable record and reputation based on precedents of open and transparent spectrum auctions over the years, which had earned it both local and international recognition.
For proper guidance of our stakeholders and the general public, it should be recalled that as part of the regulatory processes leading to the auction of the 3.5GHz spectrum, the Commission had carried out the following activities:
▪ October 7, 2021, the Commission exposed the Draft Information Memorandum (IM) on the auction of the 5G spectrum on its website (www.ncc.gov.ng) and issued a public notice in major media channels, including print, electronic and broadcast media. Comments on the draft IM were received by the Commission up until October 28, 2021.
▪ On November 3, 2021, the Commission held a stakeholders’ engagement forum in Lagos at which comments received from a broad segment of stakeholders, including the major operators were exhaustively discussed and considered.
▪ On November 10, 2021, the Commission published the Final IM, and Stakeholders’ comments thereon on its website and national dailies, and set the deadline for the submission of bids on Wednesday, November 24, 2021.
▪ On November 23, 2021, just a day before the deadline for the submission of bids, Air Traffic Controllers went on strike, disrupting flights operations in Lagos.
▪ As a responsive regulator, and following concerns expressed by industry stakeholders and potential bidders for the 5G Spectrum, including MTN, about the possibility of meeting the deadline in light of the flight disruptions, the Commission, relying on the provision of the IM, announced an extension of the deadline from Wednesday, November 24, 2021 to Monday, November 29, 2021.
▪ Indeed, on November 23, 2021, MTN had communicated to the Commission via email, asserting its concerns about the air traffic controllers’ strike and how it is likely to impede timely submission of their bid.
▪ On December 1, 2021, the Commission announced that at the close of the bid submission date of November 29, 2021, three companies, namely MTN Nigeria, Mafab Communications Ltd and Airtel Networks Ltd had successfully submitted their bids in line with the requirements of the IM.
▪ The public must also be aware that all three bidders are existing licensees of the Commission under different license categories.
The Commission would like to state that the Business Day story is replete with misinformation, which is capable of misleading industry stakeholders, the general public and undermining the integrity of the ongoing process for the auction of the 5G spectrum.
For instance, the publication alleged that Mafab Communications is a relatively unknown operator in the industry, suggesting that it was not eligible to bid for the spectrum. The IM has clearly stipulated that new entrants into the industry can participate in the bid and if they are successful, the Commission will issue the entity an operating license in line with the extant provisions of the Nigerian Communications Act (NCA) 2003 and its licensing regulations.
The Commission is consistently guided by its well-established principles of fairness, firmness and forthrightness and wishes to assure Nigerians that it is determined to ensure the successful implementation of the 5G Auction spectrum, which is set to take place on December 13, 2021.
NCC’s Oshadami Receives the Prestigious CIO Awards
Abraham Oshadami
Deputy Director, Head, Spectrum Database Management, NCC
The status of the Nigerian Communications Commission as a flagship public sector brand, got another fillip recently as Engr. Abraham Oshadami, a Deputy Director at the Commission and Head of Spectrum Database Management, was declared winner of the CIO OF THE YEAR AWARD for Ministries, Departments and Agencies (MDAs), a nomenclature for one of the awards to the public sector group.
The Award, conferred on Oshadami in Lagos, “celebrates and honours successful and outstanding individuals and organisations that are using digital innovation and information technology systems to bring about real growth and transformation to businesses.”
Oshadami was Head of NCC’s Information Technology Department since 2016 until 1st September, 2021 when he was reassigned to Spectrum Administration Department in keeping with Commission’s strategic realignment.
Organised annually by Edniesal Consulting Limited – an enterprise governance and corporate services firm – the Chief Information Officer (CIO) award is given in both public and private sector categories to Nigerian or African citizens or persons eligible to work in Nigeria. Such persons/executives must be serving in the capacity of senior Information Technology Executives, Chief Technology Officers, Chief Digital Officers or Chief Information Officers, and their entities must have been registered and doing business for at least two years by July 31 when entries are submitted for assessment annually.
The CIO Award by Edniesal Consulting Limited is the “Largest CIO Awards in Africa”. The awards are in different categories, namely: MDAs, banking, telecoms, insurance, technology, energy and so on.
Participants, who are usually persons primarily responsible for IT operations in the organisations they work, officially submit applications,Wow which are reviewed by a project team. The reviews are forwarded to an interim jury which undertakes the first major assessment. The Interim Jury then presents three top nominees in each category to a Grand Jury for assessment. The grand jury conducts assessment and presents a list of final winners to an Independent Assurance Team for a final review and submission of report.
This is the process Engr. Oshadami’s application passed through and he’s adjudged the best CIO in all Ministries, Departments and Agencies of government as the best of the public sector executives supervising Information Technology operations where they work. The NCC website, one of the items in the purview of the IT Department of the NCC which Oshadami supervised for 5 years, is been serially referred to as a forest of resources, due to the volume and quality of resources therein and its reliability as a source of credible information to journalists, other communication professionals and several close and far-flung stakeholders seeking information about Nigeria’s telecom sector.
In 2018, the Nigerian Communications Commission’s website was adjudged the Best Website of the Year in the MDAs’ Category by the Nigerian Online Merit Awards (NIOMA). The award particularly noted NCC website as the most “interactive, current, relevant and error-free” among all MDA websites assessed.
Same year, the NCC also received the best awards for use of social media to disseminate information and to promote visibility on Facebook, Twitter, Instagram, LinkedIn, and YouTube to promote visibility and interaction. The social media handles are solely in the purview of the Public Affairs Department of the Commission, while the Information Technology Department and the Public Affairs Department collaborate in administering some aspects of the Commission’s website.
Oshadami, a first-class graduate of electrical and electronics engineering from the University of Ibadan, has worked in different capacities and mostly in Management positions since September 2004 when he joined the Nigerian Communications Commission.
ITU: 3bn People Lack Internet Access Worldwide
An estimated 37 per cent of the world’s population – or 2.9 billion people – have still never used the Internet.
New data from the International Telecommunication Union (ITU), the United Nations specialized agency for information and communication technologies (ICTs), also reveal strong global growth in Internet use, with the estimated number of people who have used the Internet surging to 4.9 billion in 2021, from an estimated 4.1 billion in 2019.
This comes as good news for global development. However, ITU data confirm that the ability to connect remains profoundly unequal.
Of the 2.9 billion still offline, an estimated 96 per cent live in developing countries. And even among the 4.9 billion counted as ‘Internet users’, many hundreds of millions may only get the chance to go online infrequently, via shared devices, or using connectivity speeds that markedly limit the usefulness of their connection.
“While almost two-thirds of the world’s population is now online, there is a lot more to do to get everyone connected to the Internet,” said ITU Secretary General Houlin Zhao. “ITU will work with all parties to make sure that the building blocks are in place to connect the remaining 2.9 billion. We are determined to ensure no one will be left behind.”
The unusually sharp rise in the number of people online suggests that measures taken during the pandemic – such as widespread lockdowns and school closures, combined with people’s need for access to news, government services, health updates, e-commerce and online banking – contributed to a ‘COVID connectivity boost’ that has brought an estimated 782 million additional people online since 2019, an increase of 17 per cent.
What it means for sustainable development
The 2021 edition of Facts and Figures, ITU’s annual overview of the state of digital connectivity worldwide, shows the number of Internet users globally growing by more than 10 per cent in the first year of the pandemic – by far the largest annual increase in a decade.
Strong growth since 2019 was largely driven by increases in developing countries, where Internet penetration climbed more than 13 per cent. In the 46 UN-designated Least Developed Countries (LDCs), the average increase exceeded 20 per cent.
“These statistics show great progress towards ITU’s mission to connect the world,” said Doreen Bogdan-Martin, Director of ITU’s Telecommunication Development Bureau, which oversees ITU’s data and analytics work. “But a vast ‘connectivity chasm’ remains in the LDCs, where almost three quarters of people have never connected to the Internet. Women in LDCs are particularly marginalized, with roughly four out of every five still offline.”
Many of these ‘digitally excluded’ face formidable challenges including poverty, illiteracy, limited access to electricity, and lack of digital skills and awareness.
“Digital solutions would be needed to re-energize sustainable development and help put countries back on track to meet the UN Sustainable Development Goals (SDGs) for 2030,” Bogdan-Martin added.
“Unfortunately, the communities identified in the 2030 Agenda as most at risk of being left behind are the very same communities now being digitally left behind.”
Key report findings
The digital gender divide is narrowing globally, but large gaps remain in poorer countries.
• Globally, an average of 62 per cent of men use the Internet compared with 57 per cent of women.
• Although the digital gender divide has been narrowing in all world regions and has been virtually eliminated in the developed world (89 per cent of men and 88 per cent of women online) wide gaps remain in Least Developed Countries (31 per cent of men compared to just 19 per cent of women) and in Landlocked Developing Countries (38 per cent of men compared to 27 per cent of women).
• The gender divide remains particularly pronounced in Africa (35 per cent of men compared to 24 per cent of women) and the Arab States (68 per cent of men compared to 56 per cent of women).
The urban-rural gap, though less severe in developed countries, remains a major challenge for digital connectivity in the rest of the world.
• Globally, people in urban areas are twice as likely to use the Internet than those in rural areas (76 per cent urban compared to 39 per cent rural).
• In developed economies, the urban-rural gap appears negligible in terms of Internet usage (with 89 per cent of people in urban areas having used the Internet in the last three months, compared to 85 per cent in rural areas), whereas in developing countries, people in urban areas are twice as likely to use the Internet as those in rural areas (72 per cent urban compared to 34 per cent rural).
• In the LDCs, urban dwellers are almost four times as likely to use the Internet as people living in rural areas (47 per cent urban compared to 13 per cent rural).
A generational gap is evident across all world regions.
• On average, 71 per cent of the world’s population aged 15-24 is using the Internet, compared with 57 per cent of all other age groups.
• This generational gap is reflected across all regions. It is most pronounced in the LDCs, where 34 per cent of young people are connected, compared with only 22 per cent of the rest of the population.
• Greater uptake among young people bodes well for connectivity and development. In the LDCs, for example, half of the population is less than 20 years old, suggesting that local labour markets will become progressively more connected and technology-savvy as the younger generation enters the workforce.
ITU continues monitoring the world’s evolving digital divide.
• ITU figures also point to a glaring gap between digital network availability versus actual connection. While 95 per cent of people in the world could theoretically access a 3G or 4G mobile broadband network, billions of them do not connect.
• Affordability of devices and services remains a major barrier. The widely accepted target for affordable broadband connectivity in developing countries sets the cost of an entry-level mobile broadband package at 2 per cent of gross national income (GNI) per capita. Yet in some of the world’s poorest nations, getting online can cost a staggering 20 per cent or more of per capita GNI.
• Lack of digital skills and an appreciation of the benefits of an online connection is another bottleneck, compounded by a lack of content in local languages, as well as by interfaces that demand literacy and numeracy skills that many people do not possess.
AMCON: Senate Challenges Aviation Ministry Over Issuance of NG Eagle AOC
L-R: Senator Yakubu Oseni; a member of the Senate Committee on Banking Insurance and other Financial Institution; Chairman of the Senate Committee, Senator Uba Sani; Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Kuru; and the Executive Directors of AMCON, Mr Aminu Ismail and Dr Eberechukwu Uneze at the Senate Symposium in Niger State
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has declared that the 9th Senate of the Federal Republic of Nigeria is not happy that certain agencies of government are working at cross-purposes. This he stated is not in the overall interest of the Nigerian economy.
Sani who was speaking earlier today at the Zuma Rock Resort in Niger State said the Upper Chamber was particularly not happy with the Aviation Ministry whom he accused of frustrating the efforts of the Asset Management Corporation of Nigeria (AMCON), a government debt resolution agency that has scaled all huddles that are required by law to set up a new airline tagged NG Eagle, but are being denied the final Air Operating Certificate (AOC) to enable the new airline to commence scheduled operations.
It would also be recalled that AMCON’s intervention in Arik Air Limited (“Arik”) in February of 2017 was supported by the Ministry of Aviation to prevent imminent collapse of another Nigerian airline, especially one that controlled over 60% of the domestic Air transportation in the country amongst other public concerns. The intervention was necessary at that time for the continued existence of the airline.
AMCON said it was setting up NG Eagle as strategic exit from its aviation portfolio. The concerned airlines owed over N300billion, and all funds injected into the airlines pre, and post receivership have not yielded any positive repayment result. AMCON therefore opted for a strategic exit from its aviation portfolio through NG Eagle, creating an unencumbered and brand-new airline that would be easier to dispose profitably.
Sani who was noticeably angry said “This AMCON intervention in Arik and the frustration the agency is going through because of its proposal to set up NG Eagle as best option to recover its investment in the airlines is not supposed to be. I think we are about to lose billions of naira because of ego. The ministry is not being realistic with his proposal of a National Carrier and because of that frustrating the efforts of AMCON on NG Eagle.
“I say it is not realistic after we listened to the explanations of the ministry that the government will own only 5% of the new National Carrier, Nigerians will own 46% and yet to be named foreign interest will own 49%. So, I think the Executive arm of government will work together with the 9th Senate under this Committee to ensure that the right things are done to enable AMCON recover this huge outstanding N4.4trillion debt.
“It is also on that note that the Senate through this Committee is directing the Management of AMCON led by Ahmed Lawan Kuru, Managing Director/Chief Executive Officer to again publish the full list of AMCON obligors in daily newspapers so that Nigerians will know those that have played leading roles in destroying the economy of this great country.”
In his welcome address, the AMCON Boss explained that “AMCON getting involved in the airline is not from a recovery perspective, but from a national duty perspective to ensure that the airline continued to operate given its strategic importance in the aviation sector at that time.
“After intervention by AMCON, the airline continued to meet its obligations particularly that of the Aviation Ministry. The airline has so far remitted over N12billion as ongoing obligations to the ministry. The Corporation also do realize that at certain point in time it must prepare an exit strategy from all its aviation portfolio, and based on advice, decided to set up NG Eagle through the process of certification by Nigerian Civil Aviation Authority (NCAA).
“It was a very vigorous process that took us more than two years. Ultimately, we were able to meet all the requirements including getting three aircrafts branded (they are currently at the Murtala Muhammed Airport in Lagos, branded as NG Eagle) and ready for operation but we are being frustrated.”
The AMCON MD added, “NG Eagle is not a national carrier. We have no business with that. We are only concerned with recovering our money, but first we were told that NG Eagle sounds too much like a national carrier. We reminded them that they had issued license to United Nigeria Airlines, and somehow that one does not sound like a national carrier to them.
“We are also aware that based on the NCAA Act, the only condition for NCAA to deny anyone a license to operate an airline should be based on safety reasons, which would be investigated and brought to the attention of the applicant for fair hearing. Suddenly, we are again being confronted with the challenge through the National Assembly that the license should not be released until AMCON settles Arik debt with NCAA, this we believe is an after-thought.”
INEC Chief, Yakubu, Dedicates ThisNigeria Award to Staff, Youth Corps Members
Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu (left), receives the ThisNigeria newspaper’s “Gold Award in Public Service” from the former Inspector General of Police, Mr Solomon Arase, at the event.
The ThisNigeria newspaper has conferred its inaugural Gold Award in Public Service on the Independent National Electoral Commission’s (INEC) Chairman, Prof. Mahmood Yakubu, in recognition of his efforts to reposition the country’s electoral system for free, fair, credible, and inclusive elections, despite daunting challenges.
The conferment took place today at the newspaper’s well-attended Inaugural Lecture and Gold Prize ceremony, held at the Yar Adua Centre in Abuja, the Federal Capital Territory (FCT).
Two other individuals who also received Gold Awards were Governor of Rivers State, Nyesom Wike, for good governance, and the Registrar, Joint Admissions and Matriculation Board (JAMB), Prof Ishaq Oloyede, for his contribution to the education sector.
The Catholic Archbishop of Sokoto Diocese, Bishop Mattew Hassan Kukah, delivered a lecture on “National Cohesion for Sustainable growth and Progress,” with a Senior Advocate of Nigeria (SAN), Mr Mike Ozekhome (SAN), and former governorship candidate of the Labour Party for Kwara State, Mr Issa Aremu as discussants. A former Director-General of the Nigerian Television Authority (NTRA), Dr Tonnie Iredia, moderated the discussion.
In his acceptance speech, Prof Yakubu dedicated the award to the Commission’s staff members, members of the National Youth Service Corps (NYSC), and other critical stakeholders involved in elections.
He said: “We have just successfully concluded the Anambra Governorship Election. Next, we have to prepare for the Federal Capital Territory (FCT) Area Council election. We are preparing for two more governorship elections in Ekiti and Osun States. In between, we have seven bye-elections to conduct. So, it’s a hectic period for us.
“In INEC, we are used to more of condemnation than commendation. So, when commendation comes, especially from a friend like Eric Osagie, we genuinely appreciate it.
“This recognition is dedicated to all the hardworking staff of INEC. But I would also like to dedicate this to all those who have constructively criticized the Commission. We cherish constructive criticisms. As a teacher all my life, I know that there can’t be new knowledge; there can’t be progress without constructive criticisms.
“I would like to recognise the role of the National Peace Committee (NPC), chaired by our respected former Head of State, General Abdulsalami Abubakar. But let me also recognise a category of Nigerians that are hardly recognised. Yet, they play a very, very critical role in conducting elections in the country. I am not referring to the security agencies that also play a very good role. I am not referring to other stakeholders – political parties, the media and Civil Society Organisations (CSOs), but I am referring to election duty staff: those young Nigerians on national service. I have said it over and over again that you (National Youth Service Corps members) are among the most educated, the most hardworking, the most readily available election duty staff in Nigeria. We cannot do without you.”
He added: “I recognised the critical role of the NYSC when we travelled to the Republic of Liberia for their election. The Liberian Electoral Commission was battling with where to get election duty staff. They were looking for teachers and other categories of staff. And the Chairman (Liberia Electoral Commission), who is my very good friend, turned around and said to me, ‘we know that in Nigeria, you have no issues at all. The number of young Nigerian serving the nation in the National Youth Service Corps (NYSC) is probably half of the population of the Republic of Liberia’. And so, in that respect, we have no issues with capacity.”
Governor Wike, in his speech, commended the Commission for conducting what he described as a “free and fair governorship election” in Anambra State.
Stanbic IBTC Bank Appoints Sola David-Borha as Board Chairman
The Board of Stanbic IBTC Bank Plc has announced the appointment of Mrs. Sola David-Borha as Chairman of the Board, effective 26 November 2021.
Sola recently retired as Chief Executive, Standard Bank, Africa Regions. She was previously Chief Executive of Stanbic IBTC Holdings PLC and prior to that, was also Chief Executive of Stanbic IBTC Bank PLC.
Mrs. David-Borha has had an extensive career in the financial services industry which has spanned over three decades. Her executive educational experience includes the Advanced Management Program of Harvard Business School and the Global CEO Program of CEIBS, Wharton and IESE. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.
While commenting on the appointment, Mr. Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, stated, “Mrs. David-Borha has held several leadership roles over the years in the group and once again, we are privileged to have her as the Chairman of the Board of Stanbic IBTC Bank PLC. The Bank will definitely benefit from her wealth of experience as she brings to bear her decades of experience and wealth of knowledge in the financial services industry”.
Mrs. Sola David-Borha takes over from Mr. Barend Kruger who resigned as Chairman of Stanbic IBTC Bank on 21 October 2021. Kruger, however, remains on the Board of Stanbic IBTC Holdings PLC as a Non-Executive Director.
2021 ITREALMS E-Waste Dialogue Set for Dec 9 in Lagos
The 2021 edition of the ITREALMS E-Waste Dialogue has been slated to hold on December 9, 2021 at Welcome Centre Hotels, International Airport Road, Ikeja, Lagos by 9am.
This is coming as the Nigerian Communications Commission (NCC), Nigerian Content Development and Monitoring Board (NCDMB), Association of Licensed Telecommunications Operators of Nigeria (ALTON), National Environmental Standards and Regulations Enforcement Agency (NESREA), Environmental Health Officers Registration Council of Nigeria (EHORECON) and E-Waste Producer Responsibility Organisation of Nigeria (EPRON) are warming up among other members of stakeholders for the dialogue on December 9, 2021.
The editor-in-chief, ITREALMS Media Group, Mr. Remmy Nweke disclosed these in Lagos on Wednesday, and said the update has become necessary due to importance of tackling electronic waste as the country attained 20 years of Global System for Mobile Communications (GSM) which paved the way for influx of electronic devices and usage in Nigeria.
Nweke also said that the Waste of Electrical and Electronic Equipment (WEEE) emanates from the likes of mobile phones, computers, TV-sets, and fridges among other electronic devices have become a set of fastest growing waste streams across the globe.
Nigeria, he noted, is particularly burdened by the WEEE with estimated 1.1 million tonnes of e-waste annually arising from both local and imported Electrical and Electronic Equipment (EEE) under the guise of second hand or fairly used.
The editor-in-chief of ITREALMS Media, organisers of the E-Waste Dialogue cited a recent UNEP report which showed that in 2015 alone, Nigeria had 56,000 tonnes of imported e-waste; in 2017, this figure increased to 288,000 tonnes; over four times higher than two years earlier.
These, he said underscored the need for a massive and sustained campaign of Nigerians on e-waste and its likely effects when disposed wrongly.
According to him, experts have been assembled to give a roadmap on e-Waste in Nigeria: Consumer as key to circular economy with focus on 20 years of GSM.
“ITREALMS Media in commemoration of the International E-waste Day (IeWD) 2021, is hosting a day discourse on e-Waste in Nigeria: Consumer as key to Circular Economy & 20 years of GSM” under its flagship ITREALMS e-Waste Dialogue scheduled for Thursday, December 9, at the Welcome Centre Hotels, International Airport Road, Ikeja, Lagos,” he said.
Stressing the importance of raising awareness and exchanging knowledge of this complex waste stream, Nweke said it would provoke thought and support the transition to a sustainable society and circular economy as the nation looks forward to the full implementation of the fifth-generation (5G) networks.
Anti-Corruption: As Judicial Officers Re-Echo Need for Special Courts
By Walter Duru
One of the issues that came up strongly during last week’s peer review meeting of judicial officers in Abuja is the need for special courts for corruption cases in Nigeria.
The setting was a National Peer Learning Review Roundtable for State Judges on the Implementation of the Administration of Criminal Justice Act, organised by the Rule of Law and Anti-Corruption- ROLAC programme of the British Council (funded by the European Union), held at Treasure Suites hotel, Abuja.
Setting the stage for the discourse, Lagos State representative, on behalf of the Chief Judge of Lagos State, Hon. Justice Kazeem Olanrewaju Alogba argued that special courts for general criminal cases, financial crimes and sexual offences will speed up justice delivery in the country.
According to him, “one key challenge faced is a few retirements and having fewer hands-on decks.”
“Some of the amendments proposed in the ACJL 2021 and innovations are around video conferencing for vulnerable witnesses, communications, remand, monthly visits and to ensure that bail arraignment are dealt with; prevention of media parade of suspects, compensation to victims of bad judgement, collaboration with Ministry of Justice and Attorney General in the establishment of crime data register, among others.”
“Other areas include regular prison decongestion exercises, use of technology, data collection and analysis and the reviewed criminal laws in Lagos state with innovative provisions.”
Justifying ROLAC’s intervention, Anti-corruption Programme Manager of the Rule of Law and Anti-Corruption programme -ROLAC, Emmanuel Uche said judicial officers across the country were assembled in Lagos and Abuja to enable them share experiences and knowledge on the implementation of the Administration of Criminal Justice Act -ACJA with particular focus on anti-corruption cases across the country.
Speaking earlier on the essence of the meeting, Secretary of the Administration of Criminal Justice Monitoring Committee (ACJMC), Sulayman Dawodu said it was aimed at sharing knowledge and experiences on ACJA implementation in Nigeria.
“The administration of the criminal justice monitoring committee is the custodian of the ACJA with the unique responsibility of ensuring speedy trial and effective dispensation of criminal justice in Nigeria. The law has ensured that the justice system is blessed with some remarkable innovations which include: clear oversight functions, timeliness, proper reporting and monitoring mechanism to ensure that the purpose of the ACJL under section 1 is achieved by all stakeholders. It is remarkable to note that there are criminal divisions established in Edo and Lagos states, in line with the law, which is why we have counterparts from these states and other states, the EFCC and ICPC, to share and discuss lessons in their efforts to implement the law, in this roundtable. The roundtable will be tilted towards the anti-corruption component of RoLAC, so discussions will revolve around criminal justice as it relates to Anti-corruption which cuts across all offences.”
He emphasized that discussions would dwell more in the areas of speedy trials, case handling/management and plea bargain, which, according to him, are also part of the responsibilities of the ACJ Management Committee.
Continuing, he explained that “the consideration of anti-corruption is also deliberate, owing to support from Component 3 of RoLAC, which is sponsoring this roundtable in conjunction with Component 1 which is primarily focused on implementing the criminal justice reform agenda.”
“This meeting is also a follow up to the meeting held in Lagos on the 4th of November 2021, which had judges from Lagos, Ogun and FCT, but there are more Judges present here today. We have judges from the FCT, Adamawa, Kano, Anambra and Edo states, and we hope that the experience will be more robust.”
“So, my Lords will be called upon to share their success stories in the application of the law in practice in their various jurisdictions and we will confront the challenges collectively. We will be focusing on, and considering issues around plea bargain, how it has fared, how it has been applied in practice, how the committees are functioning and practically discuss the challenges encountered with the view to proffering lasting solutions.”
“Based on the data gathered by the ACJMC, some courts are struggling for major compliance with these provisions and it is also common knowledge that despite these provisions, we still have congestion in our court dockets, largely based on non-application of speedy trial mechanism as a result of collective lapses. So, in an attempt to improve the current position, the ACJMC has facilitated several workshops at different levels to address the issues and find practical solutions.”
According to him, “some of the ideas envisaged include advocating for the establishment of Criminal Divisions in state judiciary(under which a special section for financial crimes is designated), ensuring advocacy for national non-custodian committee which is responsible for setting up other state criminal justice divisions, application of case management hearing in complex anti-corruption cases and de-clogging of court docket from the office of the Department of Public Prosecution – DPP and setting up of criminal justice trust fund, among others.”
Also speaking, RoLAC’s Component 1 Manager, Dr. Oluwatoyin Badejogbin commended the judicial officers for attending the event, their heavy workload notwithstanding.
He said: “Most of you are coming from jurisdictions with heavy workload, working day-in, day- out, from morning till night, writing rulings and evaluating evidence. This kind of peer learning roundtable should be held more often, perhaps half yearly for a start. It should be structured in a way that judges can relax and share experiences and learn from each other on the adjudication of cases.”
“Judicial peer to peer approach is inherently relational, and as such, requires the investment of time and resources to maintain and build reciprocal relationships through offering channels of help and foundation to share best practice and a better understanding of institutional, cultural, and political dynamics on the function of judicial officers. It also helps to build mutual trust and respect for practitioners, providing a window for judges to improve their own judge craft and work more strategically to improve the rule of law. It is through engaging in these discussions that judicial peer to peer approaches can help to develop creative solutions in development challenges across our world.”
In their respective goodwill messages, Chief Judges of Edo, Adamawa, Anambra, Kano and Federal Capital Territory poured encomiums on ROLAC for its huge investments in deepening the knowledge of judicial officers and other critical stakeholders, while strengthening the implementation of the Administration of Criminal Justice Act in Nigeria.
The technical sessions of the meeting centered around Plea bargain in anti-corruption, Case Management hearing in anti-corruption, Remand proceeding/Speedy trial provision in ACJL in anti-corruption cases/Mechanism, Criminal court division in practice, Special Court for anti-corruption and Constitutional review and criminal justice reform.
In all of these, the need for vigorous implementation of the Administration of Criminal Justice Act cannot be over emphasized.
States that are yet to adopt the Act are strongly encouraged to initiate steps towards having state versions of the Law, in the interest of speedy adjudication of justice, among other benefits.
Steps need to be taken urgently to establish special courts for the handling of corruption and other specialized cases, as this will lead to professionalism and speedy dispensation of justice.
Furthermore, other donor agencies in the country must borrow a leaf from ROLAC to ensure the strengthening of the country’s judicial systems to enable them function optimally.
Final, the efforts of the European Union-funded ROLAC (managed by the British Council) cannot go without commendation. ROLAC’s intervention in supporting the vigorous implementation of the Freedom of Information Act in Nigeria remains unrivaled. Its investment in strengthening ACJA implementation in Nigeria also deserves commendation and therefore worthy of emulation.
But, if stakeholders want special courts to try corruption cases in Nigeria, with all the justifications – why not?
All hands must be on deck!
Dr. Walter Duru is a Researcher and Communications Consultant. He can be reached on: [email protected].
Continuous Dialogue Critical to Tackling Telecoms Industry Challenges – Danbatta
L- R: Engr. Bako Wakil, Director, Technical Standards and Network Integrity, Nigerian Communications Commission (NCC); Mr. Yakubu Gontor, Director, Finance Services, NCC; Mrs. Tolulase Omodele-Rufai, Assistant Director, NCC Lagos Zonal Office; Mr. Adeleke Adewolu, Executive Commissioner, Stakeholder Management, NCC; Mr. Babajika Mohammed, Director, Licensing and Authorization, NCC; Mr. Chidi Ibisi, Executive Director, Business Development, Broadband Communications Limited; Mrs. Chinwe Maduabum, 2021 Chairman Committee on Talk to the Regulator; Mr. Damian Udeh, Associate Director, Regulatory Affairs, IHS
The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has said that continuous dialogues between the regulator and its various licensees is central to finding lasting solutions to issues negatively impacting licensee’s compliance with extant regulations and challenging the growth of the telecoms industry.
Danbatta stated this during the second edition of NCC’s 2021 Talk to The Regulator (TTTR) forum held in Lagos over the weekend. The theme of the discourse is, “Improving Stakeholders Satisfaction”. The Lagos edition of the programme followed the successful hosting of a similar dialogue in Kano on 16th October, 2021.
The objective of the forum is to get direct feedback from licensees on how the Commission, as a regulator, is meeting licensees’ expectations.
The programme was also designed to identify areas for regulatory improvement, highlight areas where licensees are defaulting as well as address critical industry challenges undermining full accomplishment of the set objectives for consolidating the gains in the telecoms sector.
According to Danbatta, who was represented at the forum by NCC’s Executive Commissioner, Stakeholder Management, Adeleke Adewolu, the forum is orgainsed in keeping with the Commission’s commitment to continually ensure regulator-licensee interactions to develop collaborative solutions and implementation programmes to the challenges of the telecom ecosystem.
“The Nigerian Communications Act (NCA, 2003) invests the NCC with powers and responsibilities for the regulation of both the technical and market-related aspects of telecoms infrastructure and services in Nigeria. We consider our role as regulator very vital to ensuring industry sustainability, because NCC considers consultation as the lifeblood of regulation” the EVC emphasised.
The EVC also declared that, “we have consistently deployed stakeholder engagement tools like public enquiries, private investigations, written information requests, one-on-one discussions as we are having it now and diverse consumer engagement platforms.
These tools enable us to ensure that our interventions are well-grounded and that our decisions are based on a clear understanding of stakeholders’ perspectives.”
Danbatta said that such interactions fit squarely within the five pillars of the Commission’s Strategic Management Plan (2020-2024), which include Regulatory Excellence, Promotion of Universal Broadband Access, the Development of the Digital Economy, Facilitation of Market Development, and Strategic Partnering.
“Through regular interactions with our licensees, the Commission is able to gain valuable insights to enhance our regulatory output and enabled us to drive excellence in consonance with the five pillars of our strategic vision for the industry as streamlined in the Commission’s Strategic Vision Plan (SVP), 2021-2025,” he said.
The EVC also reinforced the Commission’s belief that only through optional performance by the licensees will Nigeria be able to achieve the national objectives and targets in the National Digital Economy Policy and Strategy (NDEPS) 2020-2030, the Nigerian National Broadband Plan (NNBP), 2020-2025 and other national policy instruments targeted at developing the nation’s digital economy ecosystem.
He said on this basis that the Commission is, “Therefore, we intend to use this forum to seek support for many initiatives that the commission has carefully developed in our quest to enhance market opportunities for all our licensees,” Danbatta said to emphasise NCC’s faith in collaboration with stakeholders and its licensees in order to address any concerns that may impede the attainment of the relevant policy objectives.
The NCC CEO also emphasised that the Commission will continue to roll out forward-thinking and all-inclusive regulatory initiatives to provide market opportunities for all its licensees. Additionally, Danbatta said NCC is also committed to constantly reviewing licensing framework as well as key regulatory instruments so as to refresh the Commission’s regulatory frameworks and ensure better service delivery for consumers and efficient attainment of other national interest objectives.
However, Danbatta said some licensees are not doing as much as they ought to be doing. “Several licensees are struggling to pay their staff, many are unable to comply with basic licence obligations, some are defaulting in the payment of their Annual Operating Levies (AOL) while the level of interconnect and other inter-licensee indebtedness is still unacceptably high.
Therefore, we are required to ensure regulatory interventions are put in place to address challenges, bottlenecks and grievances that may arise among the licensees in this regard,” he said.
Also addressing the gathering, the Director, Licensing and Authorisation at NCC, Mohammed Babajika, said the forum was intended to foster a harmonious relationship with licensees, identify their challenges and provide feedback on licensees’ fulfilment of their licence obligations and to re-emphasise the role of licensees in ensuring good quality of service (QoS) and quality of experience (QoE) for the consumers.
While intimating the licensees of some regulatory initiatives focused on licensing issues, Babajika said despite the impact of the Covid-19 pandemic and its resultant challenges, the Commission was taking measures to further liberalise the telecoms industry by finalising the framework for Mobile Virtual Network Operators (MVNOs) while also reviewing existing licensing regulations.
In addition, the Director also informed the licensees that the Commission was finalising work on Information Memorandum (IM) for Fifth Generation (5G) technology deployment, which will promote emerging technology trends such as Internet of Things (IoT), Artificial Intelligence (AI), Over-The-Top (OTT) Services and Big Data Analytics, Blockchain, among others.
At the event, presentations were made by Management staff of the Commission to the licensees and others, who participated actively through listening, making observations and suggestions, as well as seeking clarifications to improve the quality of discourse and the expected outcomes.
7 Land Tenure Systems in Nigeria: Categories and Characteristics
The land tenure system in Nigeria differs from the 36 states we have here across the country.
An appropriate land tenure system serves as a foundation for economic growth and a source of investment incentives. It allows for secure land ownership and rights, as well as the involvement of vulnerable groups such as women and low-income earners, as well as the reduction of conflict. When land rights are insecure, it leads to conflict, instability, tribal conflicts, and gender inequality, as women are denied the right to own or inherit land.
In this article, we will explain the meaning of Nigerian land tenure system as well as the major categories of land tenure and their characteristics.
Details About Land Tenure System in Nigeria
In Nigeria, the Land Tenure System is the process of giving property ownership to individuals, legal entities, corporations, and natural entities depending on their usage of the land. This procedure aims in safeguarding the public and sustainability of human habitats. Its main purpose is to help guide the manner an entity or group of persons occupies a particular area in the country, societies created the regulations that govern land tenure.
The system itself can be described as a set of laws, responsibilities, and rights that define a person’s obligations and privileges in relation to the land. The technique of management in terms of distribution, usage, acquisition, and exploitation of specific portions of land is defined by the land tenure system.
Nigeria’s land tenure system is a hot topic for debate, research, and review. The fundamental land law regimes and determinants of relevant land property rights and obligations. Land tenure in Nigeria is a complicated web of interconnections between many entities that govern land use. It also includes institutions that play a role in determining land ownership and use patterns. The government, customary laws, and other institutions are examples of these institutions.
Types of Land Tenure System in Nigeria
The major types of land tenure systems in Nigeria are as follows:
- Communal Land Tenure System
The communal land tenure system arrangement elevates the community as the land’s ruling power. The basis for land sharing or ownership is decided by the community’s leader. This approach promotes large-scale farming, but it cannot be utilized as a loan security.
- Leasehold Tenure System
A person is given temporary ownership of a plot of land by the owner in the form of a title. An individual may have temporary access to the land during the lease time, but it cannot be used as collateral for loans.
- Tenants at Government Will
Tenants at Government Will is a way in which the Federal Government of Nigeria distributes land to farmers. The land is inexpensive to purchase, but it cannot be used as collateral for the loan.
- Gift Tenure System
The voluntarily transfer of ownership rights from one landowner to another is known as the gift tenure system. The new proprietor might use this sort of land ownership as collateral for a loan. The new owner is also entitled to all of the advantages of land ownership. The new ownership status can, however, be reversed by a court judgment under this type of property tenure.
- Freehold Tenure System
In this situation, an individual or a group pays a set amount of money in exchange for the right to own a piece of land. It can be costly to purchase land under this tenancy. The land can be utilized to obtain loans from a financial institution, which is an advantage.
- Inheritance Tenure System
The transfer of land ownership rights to a successor following the primary owner’s death is known as an inheritance land tenure system. The next of kin of the landowner—usually the children—assumes the role of new landowners under this system. The main downside of this land tenure arrangement is that the beneficiary and other family members may have disagreements about the land allotment.
Rent Tenure System
In a rent tenure system, a tenant pays a set sum to the landlord for the privilege of utilizing the land for a set length of time. In comparison to leasehold arrangements, the rent period is comparatively short. Although this structure hinders tenants from making long-term plans.
- The Characteristics of Nigeria’s Land Tenure System
The Nigerian Land Tenure System consists of the following elements:
- An individual’s property right
- Land use within a community
- Possession of a common plot of land
- Transfer of a legally assigned plot of land.
- Advantages of Nigeria’s land tenure system
- It manifests as a system for governing the legal relationship between individuals and communities in terms of land usage.
- It’s a system that makes it possible for people to use and manage land and natural resources.
- It is supported by “Decrees,” which address all matters concerning lands in Nigeria, including ownership, descriptions, partition, inheritance, mortgages, purchase/sale transfers, and so on.
- Disadvantages of Nigeria’s land tenure system
It has roots in tradition and culture, which can lead to differing perspectives among people based on their religious and cultural backgrounds.
In summary, the land tenure system in Nigeria serves a very useful purpose in ensuring that the set of laws, responsibilities, and rights that define a person’s obligations and privileges in relation to the land are well adhered to.
Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate. Follow him on Youtube https://www.youtube.com/LandPropertyNG/ or Whatsapp/Call +2348164741041
Fixit45 Reports Acquisition of Parkit, Unveils Subscription-based VIP Programme
R-L: Gideon Adepoju, Manager, Growth and Innovation, Gerald Okonkwo, VP, Business Development; Justus Obaoye, CEO and Co-Founder, and Fixit45; Abdulazeez Ogunjobi, Co-founder & CTO at an engagement session with partners in Lagos.
In demonstration of its stated commitment to facilitating value-creating interactions across stakeholders in the automotive industry, leading autotech platform, Fixit45 has announced the acquisition of Parkit, a network of tech enabled autocare and car wash centres.
Since its entry in to the market in July 2021, Fixit45 has been focused on building a platform that provides a seamless, collaborative infrastructure for interactions to occur across verticals that include auto repair and maintenance services, fleet management, auto parts sourcing and delivery, auto care, refurbishment and upgrades, repair financing and mechanic workshop software as well as pre-purchase inspections, underlying these with moderation for compliance and accountability.
Fixit45 caters to needs in the repair and maintenance segment, Parkit plays in the auto care vertical, Xparts is a discovery and trading platform for spare parts where you can explore a rich inventory, find exacts parts based on the platform’s AI tools and get these parts in very good time and Rampware is a Software-as-a-Service tool to help auto-workshops manage their operations and improve service delivery experience.
On the acquisition, Justus Obaoye, CEO and Co-Founder, Fixit45 said, “Parkit was committed to building out and digitizing the fragmented vertical in the autocare and car wash space. They provided business support, training and consumables to businesses and ensured that the experience was rewarding for fleet and car owners. We found synergies in what they were doing at the time and we approached them to join us in this journey to fix and build the aftermarket ecosystem which has culminated in the acquisition. Parkit has been fully integrated in the Fixit45 family and we look forward to providing market leadership.”
According to Gerald Okonkwo, VP, Business Development, Fixit45 and Founder, Parkit, “our business was founded in June 2018 to use technology in making the customer journey for car washes very seamless by automating payments, helping them acquire the right tools for the job and providing professional care services that were not available in-country. This journey has been a collaborative experience and we are blessed to have found the right team at Fixit45 with bold ambitions to create value for consumers in this space. The acquisition was finalized in September 2021 and we are looking to many more wins. When we started, we had to import most of our consumables and materials, but today, we are to provide quality car shampoo, upholstery, tire and engine wash, polish and air fresheners. This is just one of many success stories that this acquisition has berthed.”
Automobile ownership for car and fleet owners can be a frustrating experience owing to a myriad of factors that include highly fragmented, mostly unregulated industry, informal service providers who often lack the technical competence, as well as proliferation of counterfeit spare parts with a lack of warranty on repairs. These challenges in turn have also impacted the service delivery experience from service providers.
To change the narrative in the space, Fixit45 is collaborating with a lot of stakeholders and partners with a view to deepening value creation in the ecosystem. Some of these stakeholders include workshops, spare part suppliers, insurance companies, tow trucks, fintechs, and fleet owners.
The Fixit45 Vehicle Intact Programme (VIP) has been designed as the name suggests to delivering quality and affordable repair and maintenance services via subscription-based plans with a view to ensuring that the lifetime value of a vehicle or fleet is enhanced and productivity optimized. The rich bouquet of plans come in 4 packages that include the Service Plan, Maintenance Plan, Extended Services Plan and the Emergency Services Plan.
The Service Plan ensures that subscribers don’t have to worry about workmanship and getting their vehicles in good shape. The Maintenance Plan is a commitment to a routine and or scheduled preventive maintenance which in turn mitigates the need for some repair work on the vehicle. The Extended Service Plan works as an HMO for vehicles in which subscribers transfer to us the duty of keeping their fleet and or vehicles operational at all times. Because breakdowns don’t announce themselves, the Emergency Service plan is designed to give comfort and succor to motorists in the event of a breakdown.
With presence across 4 cities in Nigeria, more than 100 network partners and over 2500 vehicles under management, Fixit45’s ambition is to become Africa’s largest and most trusted autotech platform. “We have built a robust end-to-end ecosystem platform that caters for all players in the aftermarket segment. The industry has largely been based on brick-and-mortar operations and it is our intention to disrupt and digitize this space using technology,” said Abdulazeez Ogunjobi, Co-founder & CTO.
“It is gratifying to see the uptake and adoption of Fixit45’s service platform by corporates in the FMCG, Mobility and Tech industry. The glowing commendations we have received will further spur us to do more in the aftermarket space. Our value propositions of affordability, peace of mind, quick turnaround time, convenience, quality assurance and accessibility will never go out of fashion. We will double down on these and ensure that the vehicle ownership experience is better improved,” said Bemigho Awala, Head of Marketing and Communications.



