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2024 Winners Emerge, as FirstBank/JAN Partnership Produces 1.5m Student Entrepreneurs

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FirstBank in partnership with Junior Achievement Nigeria (JAN), a non-profit organisation has produced new winners in its 2024 National Company of the Year (NCOY) competition.

The 2024 competition held in Lekki, Lagos on Friday comprised of 12 schools representing different states, who were finalists from an earlier contest, locking horns.

Speaking at the event, First Bank Managing Director, Olusegun Alebiosu, said that with the announcement of the 2024 winners, they had achieved a new milestone of producing 1.

5 million student entrepreneurs.

Alebiosu said that the 2024 NCOY edition marked its 25th anniversary, having started the programme in 1999 and metamorphosing through various phases.

He said that the programme was part of efforts by the two organisations to inculcate entrepreneurship knowledge and practice among senior secondary school students.

The First Bank boss explained that the competition would help the students understand business organisation and operation.

He explained the importance of the bank’s sponsorship of the programme, while commending JAN’s consistency in nurturing young creative minds to drive national development.

Alebiosu, who was represented by the General Counsel of the bank, Raymond Mgbeokwere, said the competitions bridged the gap between the classroom and the larger world, while also commending the finalists.

He said the programme aligned with FirstBank’s FutureFirst Initiative, which was its financial literacy and career counselling programme, established to promote financial inclusion amongst the youth.

“This is why FirstBank, since the past 10 years, has been fully committed in its partnership with JAN, and sponsorship of the National Company of the Year competition.

“More than 1,500,000 young Nigerians in over 2,500 schools have been impacted through the Bank’s FutureFirst initiative, providing financial literacy, entrepreneurship and career counselling to students.

“We have also continued to strategically drive sustainability practices through our commitment to these innovative programmes organised by JAN,” he said.

Alebiosu added that the various innovations showcased at the competition revealed that there was hope for Africa.

He noted further that the 2024 theme – “Greenovation” showcased innovative solutions for environmental challenges in various sectors.

Alebiosu emphasised the importance of sustainability and the need for collaboration to tackle pollution, waste disposal and environmental infractions through recycling or upcycling.

Olaolu Akogun, Senior Programmes Manager, JAN, said the team of judges were carefully chosen from different fields to assess the businesses of participants.

He said that the businesses were assessed in terms of ideas, financial reports, presentations and exhibitions before winners were picked.

Akogun enumerated the benefits of the entrepreneurship programme in helping the students run real brands, marketing strategies and other factors required for an ideal company’s operations.

“So, what I would say instead is that we’ve raised 1.5 million young people that have what it takes to own their economic future,” he said.

The JAN manager gave examples of notable Nigerians running successful conglomerates who started with JAN and currently form part of its alumni body.

Report says that all the schools took turns to make presentations and answer questions before proceeding for exhibition and demonstration of their inventions.

Darun Noor Intercontinental School, Kano, whose company name was Smart Sprout Solutions, emerged overall winner of the 2024 NCOY competition for their invention of a Smart Sprinkler for farmers.

The school went away with First Bank’s cash reward of N500,000.00 and also qualified to represent Nigeria in Mauritius in an upcoming African competition.

The second prize went to Innovative Heritage School, Nasarawa, owners of De-Amazons, for producing organic marker ink from coconut shells, charcoal and used engine oil.

Ibesikpo Secondary Commercial School, Akwa Ibom, owners of Green Cycle, came third place for producing fashionable bags from recycled plantain stems.

Other awards won include best female leadership, CEO of the year, best Corporate Social Responsibility (CSR) and Public Choice. (NAN)

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Petroleum Minister Commends NCDMB for Community-focused Interventions

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From Mike Tayese, Yenagoa

The Minister of State for Petroleum Resources (Gas), Obongemem Ekperikpe Ekpo, on Saturday commended the Nigerian Content Development and Monitoring Board (NCDMB) for demonstrating that Local Content Policy could be a force for transforming lives and creating socio-economic value through community-focused interventions.

Speaking at the commissioning of a state-of-the-art Information and Communication Technology (ICT) Centre at Ika Comprehensive High School, Ikot Akpan Anwa, Akwa Ibom State, the Minister said such a strategic investment in the area, with vast possibilities for research and online learning through diverse educational platforms, would bolster human capital development, digital literacy and sustainable community development.

The ICT Centre, built and equipped by the NCDMB, comprises a modern computer laboratory with 50 networked desktop workstations, an interactive smart board, projector, server room and Starlink high-speed Internet connectivity to support digital learning, research and computer-based examinations.

Designed to accommodate up to 70 users, the facility also features air-conditioned learning spaces, a staff room, store and separate convenience facilities. Power reliability is supported by a 15kVA generator and a 15kVA solar power system with battery backup, complemented by a dedicated network infrastructure for seamless connectivity.

“This ICT Centre,” according to the Minister, “is far more than a building equipped with computers; it is an investment in the future of our children and a gateway to knowledge, innovation, creativity and opportunity.” Continuing, he noted that, “Nations that invest in the digital education of their young people today are the ones that will lead the world tomorrow.”

He said the initiative of the Board aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu by advancing access to quality education, youth empowerment, digital transformation and inclusive economic growth, as young

Nigerians in rural communities acquire relevant digital skills and competencies to participate effectively in a technology-driven economy.

Representing the Executive Secretary of the NCDMB, Felix Omatsola Ogbe, the Director, Corporate Services, Dr. Abdulmalik Halilu, stated that digital literacy and ICT capacity development remain a key component of the Board’s human capital development mandate aimed at building a skilled workforce for the Nigerian oil and gas industry and the broader economy. He noted that the facility would provide students with access to digital learning, research tools, artificial intelligence and global knowledge resources.

“This ICT Centre is more than a building; it is an investment in the future of our young people,” he stated, adding, “It represents our commitment to extending Nigerian Content objectives beyond industry into classrooms, where innovation, technology and skills development can empower the next generation.”

Halilu stressed that the project’s long-term success depends on collaboration among the Board, the school and the host community. He urged the community to take ownership of the facility and ensure its proper maintenance and sustainability for future generations.

“Our expectation is not simply to hand over a facility but to see measurable outcomes in the lives of the students who will use it. We therefore call on the school and the host community to safeguard this centre and ensure it continues to deliver value for many years to come.” He added.

Speaking on behalf of the project delivery team, the Managing Director of Standard Institute of Technology Limited, Alexander Nsidibe, expressed appreciation to NCDMB for the confidence placed in the company to deliver the project. He described the ICT Centre as a demonstration of the Board’s commitment to quality infrastructure development and human capital advancement.

He pledged the company’s continued support for the facility’s maintenance for one year after handover, noting that the Centre would enhance students’ digital competencies and prepare them for productive life in industry.

In her welcome address, the Principal General of Ika Comprehensive High School,. Nkom John Umoette, described the ICT Centre as a transformative intervention that would bridge existing digital access gaps. She noted that the school lacked an ICT facility, which constrained students’ exposure to digital learning and computer-based education.

She expressed appreciation to Ekpo and the NCDMB for making the project a reality, stating that the facility would equip students with essential digital skills, improve their preparedness for computer-based examinations, and create greater opportunities for academic excellence and future careers.

A representative of the community commended the Minister and the NCDMB for the delivery of the ICT Centre, noting that the facility would significantly improve access to digital learning and computer-based examinations.

He recalled that students previously travelled to Uyo and neighbouring communities to register for and take examinations such as JAMB, incurring additional costs and facing logistical challenges.

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Amachree Challenges Al-Mustapha for Real Evidence Over Abacha Memoir Claims

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By Tambaya Julius, Abuja 

Former Assistant Director of the Department of State Services (DSS), Dennis Amachree, has challenged Major Hamza Al-Mustapha (retd.), former Chief Security Officer to late Head of State, Gen.

 

Sani Abacha, to provide concrete evidence to counter the account of Abacha’s final hours contained in his memoir.

Amachree made the call while reacting to Al-Mustapha’s criticism of his book, DSS@40, insisting that disputes over historical events should be resolved through verifiable documents or electronic evidence rather than personal attacks.

The former DSS officer maintained that his memoir was not simply a personal recollection but a publication that underwent the agency’s internal review and approval process before it was released.

According to him, the book received official endorsement as part of activities marking the 40th anniversary of the DSS. He added that the agency’s support was demonstrated through his invitation from the United States to attend the public presentation of the memoir.

He said the event was attended by senior security officials, state directors of the DSS and members of the diplomatic community, describing the occasion as evidence of institutional backing for the publication.

Amachree dismissed Al-Mustapha’s criticism of the memoir as unfounded, arguing that anyone challenging its contents should provide documentary or electronic proof to support their claims.

“If Al-Mustapha says my account is false and claims to know exactly what happened during Abacha’s final hours, then he should produce the CCTV footage or any other credible evidence to prove his version,” Amachree said.

He also rejected Al-Mustapha’s description of him as “a boy,” saying his professional achievements and years of service in the intelligence community demonstrate his experience and competence.

“I was seven years old when Nigeria gained independence. I retired from the DSS as an Assistant Director, a rank equivalent to a Brigadier in the military, while Al-Mustapha retired as a Major,” he stated.

Amachree further argued that his memoir was based on his professional experience and should be judged on the strength of evidence and facts rather than personal disagreements.

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Xenophobia: Tinubu Rejects Ramaphosa’s Special Envoy, Demands Action

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By Tambaya Julius, Abuja

President Bola Ahmed Tinubu has declined to receive a special envoy sent by South African President, Cyril Ramaphosa, following renewed concerns over persistent xenophobic attacks targeting Nigerians and other African nationals in South Africa.

The South African delegation, led by the Minister of International Relations and Cooperation, Ronald Lamola, arrived in Abuja, with what was described as a “very important message” for President Tinubu, according to a source familiar with the development.

The visit came less than 24 hours after the reported killing of a Nigerian national, Chika Ibe, who was allegedly picked up from his residence at Parksig Villas Complex in Bellville, Cape Town, and tortured to death by personnel of the South African Police Service (SAPS).

Nigeria has consistently condemned xenophobic and Afrophobic attacks against its citizens in South Africa, with the Federal Government demanding stronger measures to protect Nigerians and other Africans living in the country.

At the 69th Ordinary Session of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS), held in Lungi, Sierra Leone, Vice President Kashim Shettima, who represented President Tinubu, condemned the attacks and pledged that Nigeria would push for stronger action against xenophobia at the African Union.

Shettima, while addressing recurring Afrophobic attacks against African nationals in South Africa, called for a united continental response to protect the rights, dignity and safety of Africans across the continent.

He disclosed that the Federal Government had evacuated 1,490 Nigerians affected by previous xenophobic violence and reaffirmed Nigeria’s commitment to working with regional and continental institutions to tackle the crisis.

diplomatic sources said the Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, advised against President Tinubu receiving the South African envoy at this time, citing continued attacks on Nigerians, their businesses and properties in South Africa.

According to the sources, the minister maintained that the delegation could not secure a meeting with the President without a prior appointment and clear commitments from the South African government.

She was also said to have requested that Pretoria provide a signed copy of the Memorandum of Understanding on the Early Warning Mechanism (EWM), which was signed by both countries in Abuja on October 22, 2025.

The Early Warning Mechanism was established to strengthen cooperation between Nigeria and South Africa by improving information sharing, monitoring potential threats, protecting citizens and addressing consular concerns.

The agreement also provides communication channels to prevent the escalation of tensions, criminal activities, reprisals and xenophobic attacks against citizens of both countries.

Officials at the Ministry of Foreign Affairs said the mechanism could have helped address compensation claims for Nigerians whose businesses and properties were destroyed during previous xenophobic attacks in South Africa.

Nigerian officials said South African authorities have yet to compensate victims of such attacks.

As of the time of filing this report, Presidency sources said President Tinubu had not agreed to meet with the South African delegation.

The outcome of a telephone conversation reportedly initiated by President Ramaphosa with Tinubu over the weekend also remained unclear.

Observers believe South Africa’s diplomatic outreach may have been influenced by concerns over the possible impact of strained relations on South African investments and businesses operating in Nigeria, as well as Nigeria’s growing campaign for stronger continental measures against xenophobia and Afrophobic attacks.

Reports suggested that President Tinubu had changed his position and agreed to meet with the delegation.

However, a source quoted the President as saying: “The President woke up and said why does he need to meet with them when their people are killing Nigerians. The President stood his ground and did not grant them audience.”

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