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.

Sex-for-marks Lady, Monica Osagie, Breaks Silence

Miss Monica Osagie, the student at the centre of a sex-for-mark scandal rocking the Obafemi Awolowo University, Ile-Ife, has denied shunning an invitation by the panel probing her audio tapes of her conversation with disgraced Professor Richard Akindele, who demanded five rounds of sex for marks.

She made the denial via proxy, and said she was awaiting an invitation by the panel, the Saturday Sun newspaper reported.

Her proxy, Abiola Akiyode-Afolabi, Founder, Women Advocates Research and Documentation Centre, a non-profit organisation, said that the university did not at any point invite Miss Osagie to face the panel.

She challenged the university to bring evidence that she was formally invited by any means to appear before the panel.

“Before the matter went viral, the university was aware of it and they did not do anything. If the case did not go viral, the university probably would have not done anything and it would have been swept under the carpet.

“I think that we should focus more on whether the act of that professor amounts to sexual harassment, whether it was a breach of the school’s code of conduct, whether it was a breach of terms of contract for lecturers or whether he abused the relationship that should exist between lecturers and students.”

Afolabi stated that the university should be responsible and responsive in addressing issues of sexual harassment because Miss Osagie is ready to come out whenever the university extends a proper invitation to her, adding that it appears the school wants to protect its reputation at the expense of the young lady.

“Let the university do what they are supposed to do by giving her proper invitation. They have all her records because she is their student. The panel has never invited her, so when the panel invites her today, she would come.”

Akiyode-Afolabi further noted that even though Miss Osagie made the recording to serve as evidence against her lecturer, “she didn’t release the audio. She got the evidence and it was given to one or two people when she was seeking for help. So definitely one of them released the audio, and she cannot be blamed for it.”

Akiyode-Afolabi stated that there has not been any threat made against Monica. “We are not comfortable with the university saying they invited her when they didn’t invite her. Her name is already out, the whole world is aware so we cannot say because of security and safety, we won’t allow the truth to prevail.”

According to the panel report, only the suspended lecturer honoured its invitation while the lady neither showed up before the panel to defend her case nor wrote a formal complaint to the institution to defend the leaked audio.

“We will like to reiterate that OAU will continue to do everything legally and morally acceptable in pursuance of its avowed commitment to zero tolerance for sexual harassment, intimidation and, or coercion,” the university’s Vice-Chancellor, Prof Eyitope Ogunbodede, said in a statement.

Akiyode-Afolabi said Monica hasn’t done anything wrong and is unapologetic about what she did.

“I think society should focus on what really happened, and whether such should happen in higher institutions of learning and not about what she did.”

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.

Gov el-Rufai Welcomes First Grandchild

Governor Nasir El-Rufai of Kaduna State is officially a grandfather.

The governor who announced his new status in a tweet Friday night disclosed that his daughter-in-law Kamilah Bello El-Rufai has just delivered a baby girl.

”Alhamdulillah. I am officially a grand-father! My daughter-Inlaw Kamilah Bello El-Rufai delivered a baby girl about 30 minutes ago. Baby, mother and my son Bello are doing well. Please put them all in your positive prayers.” ~ Nasir El-Rufai, tweeted.

Magu, 17 Other Senior Police Officers Promoted

EFCC Boss Promoted Commissioner Police

The Police Service Commission (PSC) has approved the promotion of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), DCP Ibrahim Magu, to the rank of Commissioner of Police.

A statement from the PSC Head of Press and Public Relations, Mr Ikechukwu Ani, revealed that the commission also promoted 17 other senior police officers.

The promotions were one of the high points of the commission’s 27th plenary meeting which ended on Friday in Abuja, the nation’s capital.

The meeting was presided over by Chairman of the PSC and a retired Inspector General of Police, Dr Mike Okiro, Channels tv reports.

According to the statement, the PSC approved promoted AIG Agbola Oshodi-Glover who is in charge of Zone 11, Osogbo, to the next rank of a Deputy Inspector General of Police.

Similarly, CP Ghazzali Mohammed, the Commissioner of Police, Administration, DLS, Force Headquarters, and CP Peace Ibekwe Abdallah who is the former Commissioner of Police in Ebonyi State Command and currently the CP, Force Intelligence Bureau at Force Headquarters, were promoted to Assistant Inspector General of Police.

Senior officers also elevated to the rank of Commissioner of Police are Ebere Onyeagoro – DCP Administration, Kaduna State Command, and Moshood Gbolarumi – DCP Maritime, Lagos.

Other promotions approved by the PSC include one Assistant Commissioner of Police to Deputy Commissioner of Police, nine Chief Superintendents of Police to Assistant Commissioners of Police, one Deputy Superintendent of Police to Superintendent of Police, one Assistant Superintendent of Police to Deputy Superintendent of Police, and one Inspector to Assistant Superintendent of Police.

Dr Okiro congratulated the newly promoted officers and urged them to rededicate themselves to the service of their fatherland.

He also assured them that the commission would continue to pay attention to their basic entitlements which include regular promotions.

S/Africa: Ex-President Zuma, 76, Takes 24-yr-old Lady As 7th Wife

Seventy-six-year-old former president of South Africa, Jacob Zuma, is set to marry for the seventh time.

His bride-to-be is 24-year-old Nonkanyiso Conco, who confirmed to TimesLIVE that she and the embattled former president are set to wed.

“Yes‚ we are getting married‚ but that is all I can say. I need to consult before I give any interviews‚” she told the South African website.

Conco is a director of the Pietermaritzburg-based Nomkhubulwane Culture and Youth Development Organisation‚ aimed at protecting the cultural practices of young Zulu women.

Conco reportedly resides in the plush Ballito Estate Hilltop‚ home to some of the city’s most well-heeled residents. She would be Zuma’s youngest bride‚ at 52 years his junior.

Zuma‚ who has always been a proponent of polygamy‚ is currently married to Gertrude Sizakele Khumalo‚ Thobeka Madiba-Zuma and Bongi Ngema-Zuma.

He is divorced from Nkosazana Dlamini-Zuma and separated from Nompumelelo MaNtuli Zuma.

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.