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
Dangote Foundation Takes Over Aliko Dangote Skills Acquisition Centre Kano
Under the agreement, the Foundation will manage the multi-million naira facility for a number of years and operate programmes aimed at equipping young people with technical, digital and industrial skills.
The Aliko Dangote Foundation has taken over the management of the Aliko Dangote Skills Acquisition Centre in Kano state.
The Memorandum of Understanding was signed between the Foundation and the Kano State Government, on Friday.
Under the agreement, the Foundation will manage the multi-million naira facility for a number of years and operate programmes aimed at equipping young people with technical, digital and industrial skills.
Chairman of the Manufacturers Association of Nigeria (MAN), Kano-Jigawa Branch, Muhammad Bello Isyaku Umar, described the intervention as “far-reaching and impactful,” saying skills acquisition remained one of the most effective ways of addressing youth unemployment in Nigeria..
“Programmes such as the Aliko Dangote Skill Acquisition Centre can equip young people with practical skills that enable them to become entrepreneurs, artisans or employees. The emphasis should increasingly be on modern technical, digital and industrial skills,” Umar said.
He described Kano as the economic and commercial hub of northern Nigeria and said the Foundation’s interventions across the region had extended to several sectors.
Business
Okin Biscuits Set For Comeback After 17 Years, Targets Revival Of Jobs, Local Manufacturing
Founded in the 1980s by the late Chief Emmanuel Olatunji Adesoye, an illustrious son of Offa, Okin Biscuits grew into a household name with products including Okin Coasters, Shortcake and Okin Cabin Biscuits.
By Ochefa
After 17 years off the shelves, Okin Biscuits, one of Nigeria’s once-popular indigenous biscuit brands, is set to return to production as efforts intensify to revive the Ijagbo, Kwara State-based factory.
The planned comeback marks a significant attempt to restore one of the country’s old manufacturing brands while potentially reopening a major source of employment and economic activity in the community.
Founded in the 1980s by the late Chief Emmanuel Olatunji Adesoye, an illustrious son of Offa, Okin Biscuits grew into a household name with products including Okin Coasters, Shortcake and Okin Cabin Biscuits.
At its peak, the company provided direct and indirect employment to more than 2,000 people before production was eventually halted in 2009.
The shutdown reflected some of the structural problems that have continued to undermine Nigeria’s manufacturing sector, including harsh operating conditions, intense competition, inadequate infrastructure, vandalism and the theft of critical production equipment.
With the factory no longer producing, its products gradually disappeared from retail outlets and homes in Kwara, Lagos and other parts of the country.
Factory Undergoing Major Rehabilitation
However, the industrial facility is now showing signs of renewed activity.
A visit to the factory in Ijagbo showed that extensive rehabilitation work is underway across the complex.
The main factory building, which houses the production machinery, as well as the administrative block and other facilities, are undergoing comprehensive renovation.
The premises have already assumed a significantly different appearance, suggesting that the revival project has moved beyond plans and into physical reconstruction.
The management recently announced through its official Facebook page that production machinery was being test-run.
It said biscuits rolled off one of the rehabilitated production lines on August 25, 2026, marking the first production from the factory in 17 years.
The development is significant not merely as the return of a nostalgic consumer brand, but as an example of how the rehabilitation of abandoned industrial assets could contribute to renewed domestic production and employment.
For Nigeria, where manufacturers continue to contend with high energy and logistics costs, infrastructure constraints, foreign exchange pressures and strong competition from imported products, the reopening of an existing manufacturing facility could offer a potentially faster route to industrial capacity expansion than building an entirely new factory.
Community Backs Revival
…biscuits rolled off one of the rehabilitated production lines on August 25, 2026, marking the first production from the factory in 17 years.
The planned resuscitation has also attracted strong support from the Offa community.
The Aare Bobaselu of Offa, Chief Abdulatif Adekunle Ajeigbe, described the development as “heartwarming,” linking it to the broader Offa Mega City project championed by the Olora of Offa, Oba Muftau Mohammed Gbadamisi, Esuwoye II.
According to him, members of the community had made several efforts to revive the moribund factory, including exploring the possibility of group financing.
“We did our best to see that the factory came back to life, but it was the children of the late Asiwaju of Offa and the founder of the factory, Chief Emmanuel Olatunji Adesoye, who insisted on carrying on their father’s legacy through the factory,” he said.
Ajeigbe commended the founder’s children for their determination to preserve the family’s industrial legacy and bring the factory back into operation.
More Than A Brand Revival
The return of Okin Biscuits also highlights the wider economic value embedded in Nigeria’s abandoned industrial assets.
The company’s earlier success created employment not only within the factory but across its supply and distribution networks, including raw-material suppliers, transporters, distributors, retailers and other service providers.
A successful reopening could therefore have an economic impact extending beyond the factory gates, particularly if production eventually returns to significant capacity.
The bigger test, however, will be whether the revived company can operate sustainably in an increasingly competitive Nigerian consumer market.
The new investors will have to contend with production costs, energy supply, distribution challenges, consumer purchasing power and competition from both established domestic manufacturers and imported brands.
For Okin, the challenge is therefore not simply to restart the machines, but to build a commercially viable manufacturing operation capable of sustaining production, protecting jobs and reclaiming market share.
If successful, the return of Okin Biscuits could become more than a nostalgic homecoming for Nigerian consumers.
It could provide a practical demonstration that some of the country’s dormant industrial assets can be rehabilitated, modernised and returned to productive use.
After 17 years of silence, the sound of Okin’s production lines running again may therefore signal the beginning of a new chapter for one of Nigeria’s forgotten manufacturing brands.
Business
Dangote to launch Refinery’s IPO September 14 or 16
Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana.
Aliko Dangote, chief executive officer (CEO) of the Dangote Group, says the initial public offering (IPO) of Dangote refinery will open in the next 10 to 12 days.
Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana.
The refinery had announced plans to launch a Pan-African IPO, offering at least 10 percent of its refining business to fund a $40 billion expansion objective.
On August 18, the refinery said it had completed a $1 billion underwriting programme ahead of the planned IPO.
Speaking during his visit to the southern African country, Dangote said his ambition was to double the refinery’s capacity.“So our dream is that we want to make sure we double the capacity of the refinery… which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” he said.
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