Wallgreen Wins Most Outstanding Real Estate Company Award

A Nigerian based construction and real estate company, WallGreen Properties, which prides itself as being one of Africa’s leading brand in the Real Estate sector, has recently been awarded the Property company of the year at the 2018 edition of the prestigious Trek African Entrepreneurship Conference, which was held at the Lagos Chambers of commerce and industry (LCCI) Expo centre, Ikeja and the company with Chief Hon. Lanre Rasak, a real estate mogul and the Balogun of Epe Land as the chairman of the occasion.
One of the side attractions of this year’s edition was the usual special recognition and awards session, which is reputable for being a veritable platform for celebrating outstanding performances and innovative brands in the corporate business world. The session which featured several industrialists and business tycoons saw WallGreen properties limited emerges the winner of the industry excellence award as “Property Company of the year”.
The award which many attribute to the consistency and selfless contribution on the part of the team towards improving the standard of living of their clients is expected to drum up competition between other companies in the real estate sector.
WallGreen properties Limited, a construction and real estate company which was incorporated in some years ago, set goals of delivering quality way of life and convenience to clients and given this most recent recognition by the Trek Africa team, the CEO and staff of WallGreen properties commended the activities of Trek Africa team.
Mr. Wale Lawal, MD/CEO Wall Green Properties limited is a renowned real estate personality of repute who has garnered local and international accolades in the corporate business world for his exemplary leadership and demonstration of excellence.

PHOTO NEWS: Adeosun, Elumelu, Others At IMF/World Bank Meeting

The Minister of Finance, Mrs Kemi Adeosun and the Central Bank Governor on Sunday left Nigeria for Washington DC to join other economic experts from around the world in discussing issues affecting global economy.

The discussions is taking place under the auspices of the World Bank Group and the International Monetary Fund (IMF).

The Spring Meetings of the IMF and the World Bank will bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organisations and academics.

They will discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system.

Below are some pictures from the meeting.

Standard Chartered MD, Bola Adesola Appointed Vice-Chair Of UN Board

THE Secretary-General of United Nations, Antonio Guterres has appointed Nigeria’s Mrs Bola Adesola, Chief Executive Officer and Managing Director of Standard Chartered Bank Nigeria, to serve as Vice-Chair of the Board of the UN Global Compact.

Also appointed with Adesola is Mr Paul Polman of the Netherlands, Chief Executive Officer of Unilever, to also serve as Vice-Chair of the Board of the UN body, the UN announced.

Global Compact is a voluntary initiative based on Chief Executive Officers commitments to implement universal sustainability principles and to take steps to support UN goals.

“The Secretary-General is pleased to confirm that Bola Adesola of Nigeria, Chief Executive Officer and Managing Director of Standard Chartered Nigeria and Paul Polman of the Netherlands, Chief Executive Officer of Unilever, will serve as the two Vice-Chairs of the Board of the United Nations Global Compact, the world’s largest corporate sustainability initiative.

“Ms Adesola and Mr. Polman succeed out-going United Nations Global Compact Board Vice-Chair, Sir Mark Moody-Stuart, Former Chairman of Royal Dutch/Shell Group of Companies and of Anglo American PLC.

“The Secretary-General extends his great appreciation to Sir Mark for serving in the position for the past 10 years and shepherding the United Nations Global Compact into a new era,” the UN said.

Both Adesola and Polman had served on the Board of the United Nations Global Compact previously.

“They would bring to the position a wealth of experience in the private sector, in the corporate sustainability space and specifically with the United Nations Global Compact itself.”

Adesola had served as Chief Executive Officer and Managing Director of Standard Chartered Bank Nigeria Ltd since 2011.

She has over 25 years of banking experience, including at First Bank of Nigeria and at Citibank.

Adesola holds degrees from Harvard Business School and Lagos Business School, as well as a law degree from the University of Buckingham.

Polman had served as Chief Executive Officer of Unilever since 2009.

Prior to joining Unilever, he worked at Nestlé S.A., and at Proctor and Gamble, where he spent 26 years.

Polman holds degrees from the University of Groningen and from the University of Cincinnati.

“As Chair of the Board of the United Nations Global Compact, the Secretary-General looks forward to working closely with Ms Adesola and Mr Polman.

“Along with United Nations Global Compact Executive Director, Lise Kingo, as they lead the United Nations Global Compact, the entry point for business within the broader United Nations system,” the UN stated.

Oil Price Rises To $74 Per Barrel

Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down excess supplies.

Brent crude oil futures were up at 73.79 dollars per barrel at 0440 GMT.

U.S. West Texas Intermediate (WTI) crude futures down 2 cents at 68.40 dollars a barrel.

Both Brent and WTI hit their highest levels since November 2014 on Thursday, at 74.75 and 69.56 dollars per barrel respectively. WTI is set for its second weekly gain.

Oil prices have been pushed up by a gradually tightening market.

Led by top exporter Saudi Arabia, the Organization of Petroleum Exporting Countries (OPEC), has been withholding production since 2017 to draw down a global supply overhang.

The tighter oil market is feeding into refined products.

Oil supply tightness is also a result of healthy oil demand.

Beyond OPEC’s supply management, crude prices have also been supported by an expectation that the United States will re-introduce sanctions on OPEC-member Iran.

Development Reporting And Hysteria Journalism, By Kingsley Moghalu

Keynote Address by Professor Kingsley Moghalu, Former Deputy Governor, Central Bank of Nigeria, At The Niche 4th Anniversary Lecture


Gentlemen of the press and distinguished guests

As someone who appreciates the role of the media in shaping society, it is my pleasure to address you at this event. Today’s chairman, Professor Oluremi Sonaiya, has also been an important voice in our public discourse.

It is also my pleasure to be here because I am among former colleagues. I don’t know how many of you know this, but in my former life I worked in the media with Newswatch. That is why I am very much at home with journalists. I was at Newswatch in its glory days, when it was one of the most widely read news magazines in Nigeria, and one of the most trenchant and consistent voices against a military establishment that had long overstayed its welcome.

Under the leadership of that trio to end all trios –Ray Ekpu, Dan Agbese and Yakubu Mohammed – Newswatch was an example and an inspiration to many, a guiding light in those difficult times of the struggle against military rule. I recall the many battles fought against the military in court, through bans and harassment by security agents, with the obvious aim of silencing us.

My work in the media didn’t end with Newswatch. I also was a special correspondent for international publications like the Christian Science Monitor and Africa News Service, as it was known at that time, as well as a contributing columnist for The Guardian.

Media and technology

Thirty years after I left it, the media landscape in Nigeria has changed significantly. Print consumption is in what looks like permanent decline, with online consumption holding sway. While the mode of consumption of news has changed, the role of the media to inform has not changed.

We exist in a time that is defined more and more by what some have called an information deluge. In addition to traditional media like TV, radio, billboards and so on, we now have the constant barrage of notifications from our mobile phones, alerting us to all sorts of things, the majority of which could be described as trivial. And yet these trivialities have the capacity to take up all our time and leave us unable to focus on the things around us that truly matter.

Media these days is indistinguishable from technology. Where once the medium was separate from the message, they have become one and the same, fulfilling Marshall McLuhan’s prophecy. Our choices at every level are influenced by our exposure to the Siamese twins of media and technology. In this day and age, it is easier than ever before to become a news outlet, and the revelations about the use of the Facebook platform by organizations to harvest user data and use it to spread falsehood and influence the outcomes of elections and referendums, should give us all pause to reflect about the impact of news outlets on our psyche.

There are a number of schools of thought about the way media should interact with society, and development reporting stems from the development theory of media, which holds that media should be an agent of educating the masses in line with the development needs of a nation. It says that development communication is that which is employed for the purpose of social transformation.

Development Reporting

What do we mean by development journalism? It is a bit of a controversial term because its critics call it “government-say-so” journalism.But it broadly means that journalism in developing countries should contribute to social transformation by educating and informing citizens on activities that contribute to economic and social development, highlighting the importance of those issues and activities. In this understanding, there is a conscious bias by the media towards what is seen as a larger goal of the society, and less emphasis on other issues that may be newsworthy but are seen as “trivial” or just not advancing the desired consciousness that development journalism seeks to create.

We had a lot of development journalism when the role of the government was in the society and the economy was very strong in many countries including Nigeria, in the 50s, 60s and 70s. In some countries with socialist governments, there simply was nothing else. As from the 1980s with economic liberalization, development journalism began to die a natural death as the media sought to survive in increasingly capitalist economies by being relevant to its consumers by giving more attention to new trends.

Today, development journalism is practiced only by specific, specialized media, much of it, ironically in the western world in the context of these countries’ roles in “international development”. We have as examples Devex, an organization that publishes news and views on development issues around the world.

Investigative journalism and social transformation

One of the major ways by which the media that play role of a catalyst in social transformation is through investigative journalism. By uncovering evidence of malfeasance and shedding light on social ills, journalists can influence public discourse in a major way. There is so much that is wrong with our country today, and a vibrant tradition of investigative reporting can help change this.

The tradition of investigative reporting in Nigeria has been dying slowly as news has become more commercialised, that is why the work of outlets like Premium Times and the Wole Soyinka Center for Investigative Journalism, for example, is crucial to keep those traditions alive. Speaking truth to power and going beyond press releases is never easy, but that is what must be done in order to truly make an impact.

Good investigative journalism is about resources, and the ability for editors and publishers to resist external pressure when reporters ask uncomfortable questions. There is a general absence of both, and that is a key reason why there are so many important stories which remain untold.

The ownership structure of the Nigerian press has always been centered around politicians, or those who aim to go into politics. Even back to pre-independence days, Herbert Macaulay, NnamdiAzikiwe, ObafemiAwolowo and other leading political agitators all owned media outlets. After independence, some of thesemedia continued and were put in the service of one ethnic agenda or the other, leading to the civil war and later, the end of the Second Republic and return of military rule. All those events had at their core the use of media to advance an agenda that served narrow interests.

Nigeria’s press cannot play an effective developmental role because the elite who own these media have no worldview. Their only concern is access to political power, and unfortunately, these outlets are deployed in pursuit and maintenance of this access.

That is why when your newspaper runs on advertising money from some connected people in society, that revenue is at risk if they or their friends are the subjects of an investigative report. Often, the choice is between the advertising revenue and the report. That is one of the reasons 234Next is no longer with us today. Business models that do not rely on the patronage networks of a corrupt political and business class are best for publications that want to do good work in this area.

Entertainment or real news?

There is another aspect to this. And that is the prevalence of news as entertainment that is sweeping the globe. It would seem as if people are more interested in Big Brother Nigeria, the English Premier League or following the lives of their favorite celebrities. So, there is this tension: can the serious, in-depth reporting necessary for good developmental journalism break through our increasingly cluttered digital lives? Even reputable media outlets abroad seem to move more and more toward tabloid-ism, in response to the tastes of their audience.

It is important to note here that the digital space is significantly different from the written word, and news outlets hoping to make an impact will have to deliver their information in ways that are effective. We have seen media outlets move toward the use of short videos and infographics in recent times, to get their message across.

Hysteria Journalism

Closely linked to the entertainment quotient of journalism we have today, is hysteria journalism which seeks to play on the latent prejudices of readers. This has the effect of reducing public discourse to a shouting match and leaving the public less informed. Let us be clear: hysteria journalism is a reflection of our country and the magnified fault lines that exist in it today. The destructive tone and divisive rhetoric of Nigeria’s political class is what is largely responsible for hysteria journalism in Nigeria today.

One of the most common examples in these parts is the recent controversy over a so-called “looters list” of allegedly corrupt past government officials and party functionaries of the past PDP-led government and the response of the PDP. This is one example of how, instead of doing the serious institutional and procedural reforms necessary to reduce corruption, our politicians play political football with corruption and feed the hysteria mode of journalism that dominates our society today. There exists a loud and constant cacophony of divisive and bellicose threats, counter-threats and allegations that create much heat in the societal fabric but very little light.

The discussion on the removal of subsidies in 2012 was a seminal moment. While it is true that the communication around the removal was less than perfect, the narrative that keeping subsidies was a good idea was always wrong. The discussion should have centered on how to re purpose the funds to subsidize production instead. Years later, the oil price crash has exposed the folly of this position.

In the West, hysteria against immigrants is driven by right-wing media. According to them, the immigrants take their jobs and are out to replace them, when all available evidence shows that they contribute significantly to the economies of their new countries. The narrow win by the pro-Brexit campaign in the UK was driven in part by this, as well as a marked tightening of immigration opportunities in the United States. The world we live in is very complex, with many variables. Good developmental journalism cannot afford to be ignorant of this.

Investing in journalists

I cannot talk about developmental journalism without talking about the journalists themselves. Before journalists can carry out their role as watchdogs effectively, they need to have capacity. Typically, Nigerian journalists used to be highly regarded in society. People like the late, great Dele Giwa of Newswatch made the profession appealing to many. That is hardly the case today. Journalism in Nigeria has become a profession where you are not guaranteed the basics. The working conditions of many journalists in Nigeria are appalling. They are not given the support they need.

In many outlets, journalists go for months without pay, while their bosses live large. The result is that the media becomes real estate to be bought by the highest bidder, because people have to feed their families. The truth is that much, though certainly not all, of what appears in news media in Nigeria today is paid for. In this state of affairs, journalism does not perform a public good, and it cannot serve developmental ends.

Before journalists can even educate others, they must also be educated. What is the financial literacy level of journalists who cover finance and economic topics? What’s the science and technology literacy of the journalists who cover those topics? If most media houses find it difficult to pay their staff, how would they be able to invest in their staff to upgrade their knowledge of their respective beats? Every day, new information is being created, and it is so easy to get left behind. It would now fall on a highly motivated journalist to educate himself or herself.

The result of this current landscape is the inability of the Nigerian journalist to inform the public, be at the forefront of social transformation, and hold the powerful accountable. Everyone loses. The Nigerian journalist exists within the Nigerian state, and unfortunately cannot rise above the average level of his or her environment. It would be unfair to demand this.

My vision for the Nigerian media

That is why we need a new elite led by a worldview that is focused on ensuring that Nigeria can fulfill its potential. Nigeria needs to become a worldview state. Only then can journalism in Nigeria play a developmental role, in line with that worldview.

Without an overarching worldview, what happens is what we have at present: several smaller views holding sway in various parts of the country. These narrow worldviews are driven by ethnic and religious considerations, and most importantly, corruption and a lust for power.

My vision for the Nigerian media is as a creator and promoter of a national philosophical worldview that permeates all aspects of our national life. This will reduce and even eliminate the various ethnic instabilities in our society. For a period of time in the 1970s, Nigeria appeared driven by a worldview: that of being a bellwether country for Sub-Saharan Africa, and actively supporting the fight against apartheid as well as other liberation movements in Southern Africa. However, this assured posture in the foreign policy arena masked a lack of economic strength that was quickly exposed by the decline of oil prices in the early 80s.

All the greatest countries in the world are driven by their worldviews, which are actively promoted by their media. The US, China, Russia, and others all have well-funded and highly sophisticated media outlets that promote national unity at home, and project soft power abroad.

There is no reason at all why Nigeria cannot do the same. The NTA used to be the home of great programs, and many of the first wave of Nollywood actors were trained by the NTA. Its decline is a prime example of how rudderless our elite have become. We aim to play a leadership role on the continent and even globally, while the government owned media, like many other things owned by government, is basically moribund.

It is my hope that in the coming years, the lot of the Nigerian journalist will improve due to the type of people who will finance media outlets; a new kind of Nigerian elite who understand the realities of our time and are prepared to use their resources to create and promote strategic national goals.

Thank you very much.

$5.3million: Court Strikes Out EFCC’s Case Against Patience Jonathan

A Federal High Court in Lagos on Friday struck out a suit filed by the Economic and Financial Crimes Commission (EFCC), seeking to freeze the sum of $5.3 billion domiciled in a bank account and linked to the wife of the former President, Mrs Patience Jonathan and six others.

Justice Mojisola Olatoregun struck out the suit at the instance of the EFCC who filed an application to discontinue same.

Last week Friday, Justice Olatoregun had struck out the Commission’s ex-parte application for the seizure of certain funds belonging to Mrs Jonathan after holding that the issue was already a subject of litigation before two other judges, Justice Murtala-Nyako and Justice John Tsoho, both of the Federal High Court, Abuja.

The judge also criticised the EFCC for engaging in forum shopping by filing multiple suits on the seizure of the funds, one with a total of $8,435,788.84 and another for N7.35billion.

According to Channels tv, with the court striking out the cases and a similar discontinuance application filed by the EFCC before Justice Nyako in Abuja, the EFCC will now file an application for the forfeiture of the funds to the Federal Government.

The court presided by Justice Mojisola Olatoregun, had sometime in December 2016, while granting EFCC’s ex-parte application ordered that the account be frozen pending the conclusion of investigation on the monies.

The judge had also ordered the EFCC to file an undertaking as to damages if it turned out that the order was erroneously granted.

In urging the court to temporarily freeze the account, the EFCC through one of its investigators, Abdulahi Tukura, in an affidavit, told the court that Mrs Patience Jonathan used different companies and individuals to acquire the money.

The investigator also said that Mrs Jonathan’s money in a bank account with a current balance of $5,842,316.66 billion, is reasonably suspected to be proceeds of crime.

Another individual, Esther Oba who is said to be at large is also said to be in possession of $429,381.87 million said to belong to Mrs Jonathan.

At the hearing of the matter on Thursday, a lawyer to one of the respondents, Ige Asemudara, told the court that he was duly informed by the EFCC’s lawyer, Mohammed Idris, who was equally in court, that, the anti-graft agency had signified its intention to discontinue the suit, by filing a notice of discontinuance.

Asemudara, therefore, urged the court to strike out the suit.

Asemudara’s application was granted, and Justice Olatoregun consequently struck out the suit

Chef Muse To Attend GTBank Food and Drink Fair

Chef instructor, Muneera Tahir (Chef Muse) will be at the 2018 GTBank Food and Drink Fair to help groom the chefs of the future.

With a strong passion for cooking that started in her grandmother’s kitchen, Chef Muse’s went on to complete a Diploma in Cuisine and Patisserie at Red Dish Chronicles (RDC) in 2016.

After completing her Diploma at RDC, Chef Muse got an internship at L’italiano Restaurant, London and rose rapidly to the position of Head Chef of L’Italiano Restaurant where she worked until September of 2017. Thereafter she returned to her Alma Mater, RDC, as a Chef Instructor.
Since returning to RDC, Chef Muse has been training budding chefs and continues to undertake several exciting culinary projects in her capacity as an Executive Sous Chef.

If you would like your kids (between the ages of 5-13) to attend Chef Muse’s masterclass at the GTBank Food and Drink Fair on Monday. 30th April, click here to register.

Elizabeth Solaru To Attend 2018 GTBank Food and Drink Fair

Baking aficionado and founder of Elizabeth’s Cake Emporium, Elizabeth Solaruwill be at the GTBank Food and Drink Fair to facilitate a Masterclass on how to make great wedding cakes.

Elizabeth was recently named as one of the world’s “Masterful 100.”
Her creations have been featured in numerous international publications including Wedluxe, Strictly Weddings and The Telegraph, amongst several others.

Elizabeth’s Cake Emporium is regarded as one of the best wedding cake companies in the world. The company creates beautifully handcrafted cakes that are adorned with the most realistic edible jewelry, sugar flowers, lace, pearls and gems.

Elizabeth regularly features on BBC and Sky TV and is the only three-time winner of The Great Cake Bake, a show which features the best wedding cake makers in the UK.

If you would like to attend Elizabeth’s class at the GTBank Food and Drink Fair, which holds on Tuesday, May 1stclick here to register.

Follow the conversation at #GTBankFoodDrink #PromotingEnterprise




Queen of Nigerian Street Food Attends GTBank Food and Drink Fair

Popular Nigerian Chef and co-owner of Eko Street Eat, Chef Imoteda will be at the 2018 GTBank Food and Drink Fair to host a Masterclass on the Art of Plating.

Trained at Le Cordon Bleu, Chef Imoteda is the chef instructor and host of two TV shows, Urban Kitchen and Heels in the Kitchen. She is also the co-owner of Eli Street Eat, a company that specializes in bringing innovative twists to Nigerian street food.

When she is not making the best of Nigerian street food, training budding chefs or presenting food shows on TV, Chef Imoteda is busy curating the Nigerian Fusion Food Tour. Now in its third year, the tour aims to celebrate the richness of Nigerian cuisine by taking it around the world.

If you would like to attend Chef Imoteda’s Masterclass at the 2018 Food and Drink Fair, which hold on Sunday, April 29th, click here to register.

Myma Belo-Osagie Elected Member, American Academy Of Arts And Sciences

Dr Myma Adwowa Belo-Osagie, the Senior partner, Udo Udoma & Belo-Osagie Law Firm, has been elected an international honorary member in the American Academy of Arts and Sciences 2018 Class of new Fellows and International Honorary Members.

Founded in 1780, the Academy is one of the country’s oldest learned societies and independent policy research centres convening leaders from the academic, business, and government sectors to respond to the challenges and opportunities available to the nation and the world in general.

Its projects and publications generate ideas and offer recommendations to advance the public good in the arts, citizenship, education, energy, government, the humanities, international relations, science, the public good and more.

The Academy is committed to recognising and celebrating excellence, and honours exceptional scholars, leaders, artists, and innovators, and engages them in sharing knowledge and addressing challenges facing the world.

Belo-Osagie will join other 2018 honorees including Barack Obama and various civic, business, and philanthropic leaders’ scholars, scientists, writers and artists who have been elected to the 238th class of the Academy.

Existing African members include Chimamanda Ngozi Adichie and Nobel Laureate, Prof. Wole Soyinka.

She holds an LL.B (1975) from the University of Ghana, Legon, and LL.M (1978) and SJD (1985) from Harvard Law School, Cambridge, Massachusetts, USA and is admitted to practice in Ghana, New York and Nigeria.

Belo-Osagie is married to telecom/banking guru, Keem Belo-Osage, and has four children; she also serves as a board member and trustee of a number of Nigerian and international companies — not-for-profit and non-governmental organisations.