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FUTA alumnus offers scholarships to 141 students

The 4th edition of Dr. (Engr.) Gbenga Ayodele Owolabi (Ph.D., PMP, FIMarEST CMarEng, CEng, AMRINA, ACIArb, MEI) annual scholarship awards under Renaissance Social Support and Development Initiative for the Indigents and Best Students in Federal University of Technology, Akure, took place on Thursday, August 15, 2024 at the University auditorium. Dr. Gbenga Owolabi, is an alumnus of the Federal University of Technology, Akure, and has been given scholarships to the students of the Federal Government-owned institution for the past 6 years. The first and second editions took place in the years 2018 and 2020 with only fifteen (15) and eighteen (18) students awarded respectively from Physics department, while third edition was awarded to fifty (50) students across various departments in school of physical sciences, under 2 categories; Best/Highest C.G.P.A from 100-500 level and qualified indigent categories. Owolabi, who graduated as one of the best students from the Department of Physics, disclosed during the last School of Physical Sciences 2nd Annual Lecture and Award Ceremony on 15th June 2023, that the 2023/2024 scholarship awards would cut across the entire University as an improvement in the last 3 editions. This was however, fulfilled at the 4th edition (2023/2024) where over One Hundred and Forty-One (141) students from various departments at 200, 300, and 500 levels were awarded scholarships under two (2) award categories: Category 1: Best Students with the highest C.G.P.A (200, 300 and 500-Levels) Category 2: Indigent Students ![]() According to the alumnus, the gesture was aimed at assisting in the school fees as well as providing a stipend for selected indigent students and helping with their project works of those in their final year which project must be sustainable and display at the subsequent editions. However, the awardees that had collected the award for the 2nd, 3rd or 4th were given a standing ovation as they show consistency in their academic performances and would be added to the mentorship list of the donor. ![]() In his speech, he promised to wider the award list by also considering the outstanding lecturers at various departments as well as postgraduate students. Dr. Owolabi, a philanthropist also award scholarships and supports students at various tertiary institutions as well as secondary schools. He recently donated various materials to over 15 Government owned secondary schools and awarded scholarships to over forty-five (45) students at the just concluded Local Government annual quiz competition, which was highly commended by his state Government. Present at this year edition were the Vice Chancellor, Professor Adenike Oladiji, duly represented by Deputy ViceChancellor (Development), Professor Oluyamo, Dean Students Affairs, Deans of various schools, Departmental Heads, Professors, Lecturers, the Alumni President worldwide duly represented by Dr. Olaitan Adesomoju (Governing Council member), Principal Officers, and most importantly, the awardees. On her part, the Vice Chancellor, Professor Adenike Oladiji who commended the donor, urged others who graduated from the university to emulate the gesture of Owolabi. She commended the efforts of the donor towards the alleviating the financial burdens of the students, stressing that such will go a long way in giving succor to indigent students as well as meeting some of their educational needs. She encouraged the recipients to see the gift as a seed that will yield fruits as they also will be able to do so for others in the near future by God’s grace. The Vice Chancellor urged them to be focused, diligent and be determined to succeed academically assuring the students of the commitment of the University Management to their welfare and progress. Dr. Gbenga Owolabi, was specially appreciated for apparently being the first alumnus that have singly awarded such scholarships to 141 students, a unique award by an individual in the history of the University. She equally praised the Alumni body worldwide, as this year has witnessed over six (6) scholarship awards individually and by alumni bodies globally. In a vote of thanks one of the beneficiaries, thanked Dr. Gbenga Owolabi for his kind contribution and promised that the students will work hard to win more grants and scholarship and make the University proud. |
News
NAFDAC : Fake Cowbell Milk in circulation
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.

The National Agency for Food and Drug Administration and Control (NAFDAC) advises Nigerians to be vigilant and avoid purchasing counterfeit 12g Cowbell “Our Milk” sachets circulating across the country.
In a statement issued on Friday, the agency explained that the counterfeit product imitates the discontinued Cowbell “Our Milk” packaging, which Promasidor Nigeria Ltd stopped producing in September 2023.
The legitimate product was replaced with Cowbell “Our Creamy Goodness.”
The fake sachets unlawfully bear the Cowbell brand name, NAFDAC registration number and packaging design, despite not being manufactured or distributed by Promasidor.
The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.
“They bear unauthorised use of the brand name, NAFDAC Registration Number, and packaging design.”
The regulator raised concerns over the health risks posed by the counterfeit product.
“Risk Statement: Consumption of counterfeit milk poses serious health hazards, including exposure to toxic chemicals, unapproved additives, or diluted ingredients.
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
Infants, children, pregnant women, and the elderly are particularly vulnerable,” NAFDAC warned.
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Japan designates the city of Kisarazu for Nigerians to live and work
Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.

The Japanese government has designated the city of Kisarazu as the official “hometown” for Nigerians seeking to live and work in Japan
Japan also unveiled similar hometown designations for Tanzania, Ghana, and Mozambique in Nagai, Sanjo, and Imabari, respectively.
The announcement was made on the sidelines of the 9th Tokyo International Conference for African Development (TICAD9), a move aimed at deepening cultural diplomacy, promoting economic growth, and enhancing workforce productivity.
Under the new arrangement, the Japanese government will introduce a special visa category for highly skilled, innovative, and talented Nigerian youth. Artisans and other blue-collar workers willing to upskill will also be eligible to live and work in Kisarazu under the special visa dispensation.
“Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The designation of Kisarazu builds on historical ties between Nigeria and the city.
The Nigerian Olympic contingent trained in Kisarazu during preparations for the 2020 Tokyo Olympics, where athletes acclimatised before moving to the Olympic Village.
Mayor Yoshikuni Watanabe of Kisarazu, who received the certificate from the Japanese government alongside Mrs. Adeseke, expressed optimism that the initiative would boost the city’s population and contribute to regional revitalisation efforts.
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BREAKING: FG, state, local governments share N2.001trn July revenue

The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).
The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.
The distributable revenue included:
- N1.282 trillion in statutory revenue
- N640.610 billion from Value Added Tax (VAT)
- N37.601 billion from Electronic Money Transfer Levy (EMTL)
- N39.745 billion from exchange rate difference
Out of the total distributed funds:
- The Federal Government received N735.081 billion
- State Governments received N660.349 billion
- Local Government Councils received N485.039 billion
- N120.359 billion was shared to oil-producing states as 13% derivation revenue
Revenue Breakdown:
Statutory Revenue (N1.282 trillion):
- FG: N613.805 billion
- States: N311.330 billion
- LGs: N240.023 billion
- 13% Derivation: N117.714 billion
VAT (N640.610 billion):
- FG: N96.092 billion
- States: N320.305 billion
- LGs: N224.214 billion
EMTL (N37.601 billion):
- FG: N5.640 billion
- States: N18.801 billion
- LGs: N13.160 billion
Exchange Gains (N39.745 billion):
- FG: N19.544 billion
- States: N9.913 billion
- LGs: N7.643 billion
- 13% Derivation: N2.643 billion
The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.
FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.
The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.
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