Business
CIBN Commissions Bankers Hall at Olabisi Onabanjo University
From L to R The Registrar, Olabisi Onabanjo University Mr Femi Ogunwomoju, , Vice Chancellor, Olabisi Onabanjo University; Professor Ayodeji Johnson Agboola, Pro-Chancellor and Chairman of Council, Olabisi Onabanjo University ;Prof. Oluwatoyin Ashiru, President/Chairman of Council, CIBN; Ken Opara, Ph.D FCIB; 1st Vice President, CIBN, Prof Deji Olanrewaju, FCIB, Chairman Odua Investment, Otunba Bimbo Ashiru at the Commissioning of CIBN Bankers Hall at Olabisi Onabanjo University yesterday
The Chartered Institute of Bankers of Nigeria has reiterated its resolve to strengthen banking and finance education in the country through the injection of professionalism into the teaching and learning of the course.
The CIBN Bankers Hall was commissioned at Olabisi Onabanjo University, Ago-Iwoye on Tuesday, 25 July, 2023. The exquisite ultramodern edifice is a legacy project bestowed to Olabisi Onabanjo University, Ago-Iwoye by The Chartered Institute of Bankers of Nigeria.

The state-of-the-art edifice is one of the seven model projects across the six geo-political zones endowed to various Institutions by the Institute. Olabisi Onabanjo University was chosen based on its pioneering role as the first tertiary institution in the CIBN linkage programme.
The smart, ultramodern edifice, which serves as a lecture theatre, demonstration class and multipurpose centre was commissioned by the President/Chairman of Council of CIBN, Ken Opara, Ph.D, FCIB and the Pro-Chancellor and Chairman of Council, Olabisi Onabanjo University, Prof. Oluwatoyin Ashiru.
While performing the commissioning ceremony, the Pro-Chancellor and Chairman of Council, Olabisi Onabanjo University expressed his profound appreciation for the thoughtful gesture of the CIBN and their extraordinary act of philanthropy and corporate responsibility. “This noble gesture identifies with the spirit of collaboration between Academia and Corporate world. By working together Academia and Industry can bridge the gap between theoretical knowledge and practical application”.
In his remarks, the President/Chairman of Council, CIBN, Ken Opara, Ph.D, FCIB congratulated Olabisi Onabanjo University for being the first tertiary institution in the CIBN linkage institution, an accomplishment which amongst others afforded the Institution the rare privilege of being one of the beneficiaries of the Institute’s Legacy Project.
He said, “It gladdens my heart to note that the linkage collaboration which was consummated between our Institute and Olabisi Onabanjo University on May 4, 1998, is waxing stronger and this building that is being commissioned today, is endowed to this institution in recognition of its pioneering role as the first institution in Nigeria to embrace what has now become a global phenomenon”.
“The Success story of CIBN linkage at this institution led other Universities and even professional bodies to embrace the Linkage scheme. Following the success recorded here in OOU, the Linkage Programme was extended to the Polytechnics in 2009, eleven years after Olabisi Onabanjo University blazed the trail. Today, out of the seventy-seven (77) institutions on the scheme nationwide, twenty-four (24) are polytechnics and four (4) of these Polytechnics are beneficiaries of the Legacy Project. It is also instructive to note that Olabisi Onabanjo University has produced a total of 496 Associates through the Linkage programme from inception to date while a good number of Associates obtained first degree in Banking and Finance through the scheme”.
This is the seventh legacy building to be commissioned by the Institute, in Six geo-political zones. The previously commissioned Legacy Projects are endowed at The Polytechnic Ibadan (South-West Zone), Abubakar Tafawa Balewa University (ATBU) Bauchi (North-East Zone), Federal Polytechnic, Nekede (South-East Zone), Rivers State University (South-South Zone), Kano State Polytechnic (North-West Zone) and the Federal Polytechnic, Nasarawa, (North-Central Zone).
Dr. Opara noted that through the CIBN BANKERS HALL, we aim to bridge the gap between theory and practice, the academia and industry, by providing a world-class learning environment where students can gain practical exposure and hands-on experience. This state-of-the-art facility will serve as a hub for innovation, research, and exchange of ideas thereby fostering a culture of excellence in banking education. I therefore would like to seize this opportunity to urge the students who are the ultimate beneficiaries to use the facility responsibly, so it can serve successive generations.

“I also want to appeal to the Management to give priority attention to the maintenance of this beautiful edifice, so it can retain its functional utility and aesthetic value”.
“As the conscience of the banking and finance industry, you can be rest assured that the Institute is resolute and committed to the observance and maintenance of ethics and professionalism among practitioners in the industry.
“The Institute will continue to foster and ensure that the highest standard of ethics is observed by practitioners in the discharge of their responsibilities to the banking public as well as enhancing the knowledge and capacity of all practicing bankers and those who desire to become one, with the best- in-class learning models.
He mentioned that the Institute will be celebrating its 60th Anniversary this year beginning with a youth focused programme tagged Generation Next Forum, a gathering of over five thousand youths scheduled to hold on Thursday, August 3, 2023, in Lagos with the option of virtual participation for youths across the globe.
Dignitaries at the event cut across all strata of the society just as the Polytechnic community came out en masse to savour the euphoria of the ceremony. Among those in attendance were; The pro Chancellor, Prof. Oluwatoyin Ashiru; The Vice Chancellor, Olabisi Onabanjo University, Professor Ayodeji Johnson Agboola; Ebumawe of Ago-Iwoye, His Royal Highness, Obama Abdul Razak Adenugba; The 1st Vice President, Prof. Plus Deji Olanrewaju, FCIB; The 2nd Vice President, Mr. Dele Alabi, FCIB; The National Treasurer, Mrs Mojisola Bakare-Asieru, FCIB; Esteemed Past President of the Institute , Prof Wole Adewunmi , FCIB; Esteemed Past President of the Institute , Dr. Bayo Olugbemi , FCIB; Chairman, Odu’a Investment Company Limited, Otunba Bimbo Ashiru, FCIB; Members of the CIBN Governing Council; Members of the Governing Council, Olabisi Onabanjo University; The Chairman of Ago Iwoye Central Devt Council.
Business
Senate dispatches five MDAs to handle Ogijo lead poisoning crisis
The motion, jointly sponsored by Mukhail Adetokunbo Abiru (Lagos East) and Gbenga Daniel (Ogun East), was brought under Matters of Urgent Public Importance pursuant to Orders 41 and 51 of the Senate Standing Orders, 2023 (as amended).
The Senate has mandated the Federal Ministry of Health, the Federal Ministry of Environment; the Nigeria Centre for Disease Control (NCDC) including the NESREA and the Federal Ministry of Solid Minerals to quickly look into the lead poisoning crisis at Ogijo community in Ogun State and report back to the Chamber within six weeks.
The motion, jointly sponsored by Mukhail Adetokunbo Abiru (Lagos East) and Gbenga Daniel (Ogun East), was brought under Matters of Urgent Public Importance pursuant to Orders 41 and 51 of the Senate Standing Orders, 2023 (as amended).
During the plenary on Thursday , the lawmakers expressed grave concerns over the reported fast-spreading lead-poisoning crisis in Ogijo, describing it as a full-blown environmental and public-health emergency that threatened thousands of lives.
Lawmakers cited scientifically verified reports of extreme lead contamination linked to a cluster of used lead-acid battery recycling factories operating in the area for years.
According to the Senate, the crisis had left residents battling persistent headaches, abdominal pain, memory loss, seizures, and developmental delays in children, symptoms strongly associated with chronic lead exposure.
The Senate acknowledges and commends the proactive efforts of the Lagos and Ogun State Governments and their relevant ministries and agencies for conducting early inspections, raising community awareness and working with federal authorities to contain the exposure.
The chamber noted with concern that the Federal Government had already begun clampdowns, with the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, shutting down seven battery-recycling factories and ordering a temporary halt to lead-ingot exportation pending safety investigations.
Senators said they were “alarmed that residents have for several years complained of persistent headaches, abdominal pains, loss of memory, seizures, cognitive decline, and developmental delays in children, symptoms strongly associated with chronic lead exposure.”
Despite years of community protests, the smelters allegedly continued operating openly, releasing toxic fumes and particulate dust into surrounding homes, markets and playgrounds.
Some environmental samples, senators noted, showed lead levels “up to 186 times the global maximum safety threshold.”
A major dimension of the scandal, lawmakers said, was that lead processed in Ogijo had already been traced into international supply chains, reaching global battery and automobile manufacturers who either did not address the findings or relied solely on assurances from Nigerian suppliers.
Following the extensive deliberations, the chamber mandated the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC) to deploy emergency medical teams to Ogijo to provide free toxicology screenings, blood-lead management, chelation therapy, and ongoing treatment for affected children and adults.
Simultaneously, the Federal Ministry of Environment and NESREA were directed to carry out comprehensive environmental remediation, mapping soil, groundwater, air, and household dust contamination.
The Senate also called on the Federal Ministry of Solid Minerals and relevant regulatory agencies to enforce strict compliance standards for battery-recycling and lead-processing operations nationwide.
Additionally, it recommended establishing a National Lead Poisoning Response and Remediation Task Force within NEMA and directed the Committee on Legislative Compliance to monitor progress and report back within six weeks.
Business
Cadbury Nigeria PLC: Adeboye Retires as MD, Ogundipe Becomes Interim MD
Pending the formal announcement of Mrs. Adeboye’s successor, Mrs. Ogundipe will manage the day-to-day operations of the Company in her capacity as Interim Managing Director.
Cadbury Nigeria Plc, a subsidiary of Mondelez International, has appointed Mrs. Folake Ogundipe, the current Finance Director, as interim Managing Director.
The appointment followed Mrs. Oyeyimika Adeboye’s retirement as Managing Director, effective November 30, 2025, when she attained the company’s retirement age.
In a statement issued by company’s Head of Corporate Communications and Government Affairs, Dr. Frederick Mordi, Mrs. Adeboye joined the board of the company in November 2008, as Finance and Strategy Director, West Africa.
She was appointed Managing Director on April 1, 2019, becoming the first woman to be appointed to that role since the establishment of Cadbury Nigeria in 1965.
During her tenure, she steered the West Africa business through various phases of growth, transformation and macro-economic volatilities.
Her contributions have been instrumental in achieving substantial growth, positioning the company for continued, sustainable and profitable expansion.
She is known for her servant leadership, being a people-first leader who reliably delivers results for consumers and customers.
Her passion for people has been evident in her focus on talent development, mentorship, overall engagement and strengthening capability of talent across the West Africa business.
“Serving as the Managing Director of Cadbury Nigeria Plc has been an incredible privilege and a crowning chapter of my career,” said Adeboye.
“Over the past six years, I have had the honour of leading a remarkable team and contributing to the growth of a company that holds a special place in the hearts of many.”
Pending the formal announcement of Mrs. Adeboye’s successor, Mrs. Ogundipe will manage the day-to-day operations of the Company in her capacity as Interim Managing Director.
She joined the company in September 2025, subsequently being appointed to the Board as Finance Director.
She is recognised as a distinguished executive leader with extensive multi-decade experience in driving business transformation, delivering sustained shareholder value, and fostering high-performance cultures within the consumer goods sector.
Before she joined Cadbury Nigeria, Mrs Ogundipe held senior leadership positions across diverse sectors, including Executive Director, Finance at Unilever Nigeria Plc, CFO for PES Group (Energy Services Company), and Financial Controller at Nigerdock Nigeria Ltd.
Her sector experience spans FMCG, energy services, and management consulting, giving her a broad and strategic perspective on value creation across industries.
Business
CPPE Tasks Govt to Fix Cost of Living Crisis Amid GDP Growth
Reacting on Nigeria’s third quarter 2025 Gross Domestic Product (GDP) growth of 3.98 percent , CPPE said that it’s laudable, but called for policy interventions to fix the cost of living crisis.
The Center for the Promotion of Private Enterprises (CPPE) tasks the government to ensure that GDP Growth and macroeconomic stability translate into real improvements in citizens’ welfare.
Reacting on Nigeria’s third quarter 2025 Gross Domestic Product (GDP) growth of 3.98 percent , CPPE said that it’s laudable, but called for policy interventions to fix the cost of living crisis.
Dr Muda Yusuf, CEO of the CPPE, notes that despite the improvment in the GDP, the cost-of-living crisis remains a concern .
He said: ” While disinflation is underway and prices of some food items and manufactured products are easing, the social outcomes of economic reforms continue to weigh on households.
” It is therefore imperative for policymaking to prioritise targeted interventions to address the uneasiness around the cost of living and ensure that GDP Growth and macroeconomic stability translate into real improvements in citizens’ welfare—particularly for vulnerable groups.”
To consolidate the gains recorded in Q3 and unlock stronger, more inclusive growth, Dr Yusuf, said that the following policy interventions are critical:
Reduce Structural Bottlenecks
Address energy supply constraints, reduce logistics costs, improve port efficiency, and accelerate transport infrastructure development.
Mitigate the Cost-of-Living Crisis
Implement targeted social interventions and remove structural impediments that elevate consumer prices.
All tiers of government [local, state and federal] must sustain targeted interventions in agriculture, pharmaceuticals, transportation and energy to fix the cost of living crisis.
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