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Africa’s largest retail bank, Access Bank Plc., yesterday collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the LSETF W Initiative aimed at economically empowering women in Lagos State.

The initiative, which has a total loan portfolio of N10billion, is targeted at women-owned businesses (with at least 50% ownership share) in operation for 1-5 years.
While delivering his address, Access Bank Group Managing Director, Herbert Wigwe said: “Access Bank is fully committed to bridging the existing gap and provide women with the support they need to successfully implement their business ideas”.

“Looking at the number of women present here today, I don’t think the initial N4billion we set aside to help women will be sufficient and based on that, the initiative fund will be increased to N10billion. Through partnerships with organisations such as LSETF, Access Bank will continue to help women break boundaries, reinvent the status-quo and take advantage of opportunities provided by technology and quality financial systems to make significant impact on the economy of Lagos State and Nigeria as a whole,” Wigwe added.


Delivering his keynote address, the Lagos State Governor, Babajide Sanwo-Olu expressed his delight at the timeliness of the initiative, including its immense opportunities for residents in the state.


“The LSETF W Initiative has come at a very critical time for our economy, as we believe that women have a great role to play towards achieving the developmental results that we seek in our state,” said Sanwo-Olu.


“It is important to leverage on the accumulation of resources built through relationships, trust, goodwill, and influence between the State and other private sector stakeholders to make things happen quickly. We are very proud of Access Bank as they continue to make available their financial and business expertise as well as their funds towards ensuring that our women are given adequate access to resources that will aid their successes,” he added.


Access Bank has a long history of supporting female empowerment, offering over 8,000 personal loans valued at over N10.6billion since 2018, with over 330 loans given to women in business valued at over N16.6billion.

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Entertainment

Remembering MOHBAD, an Underrated Nigerian Artist  

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The heartbreaking news of Mohbad’s passing on September 12, 2023, left a deep void in the Nigerian music scene. Mohbad was undoubtedly one of the most underrated talents in the industry, and his departure is a painful loss to the world of music.

 

Mohbad’s journey in the music industry was marked by a fierce determination to make his mark. He faced challenges within his record label, where he believed he was not receiving the promotion he deserved. It was evident to him, as well as his growing fan base, that he possessed a wealth of talent waiting to be unleashed.

 

His music was a testament to his artistry. While some criticized Nigerian musicians for lacking substance, Mohbad’s songs were a shining exception. It was this depth in his music that drew me to become a fan. I first took notice of him when he delivered a powerful cover of Kizz Daniel’s ‘Fvck U.’ As a dedicated rap enthusiast, I recognized the profound thinking that went into his lyrics. Lines like ‘MALLAM na Mallan even ti e ba spell e la ti eyin,’ which translates to ‘A MALLAM will always be Mallam even if it’s spelled backward,’ showcased his lyrical prowess.

 

Mohbad initially made a name for himself as a rapper but transitioned into a lamba artist to reach a wider audience. This strategic move bore fruit when he released ‘Ko Po Ke,’ a song that became a massive hit. After joining Marlian Records, he continued to build a rich catalog of music.

 

Despite the challenges he faced, Mohbad remained resilient. He recently released a new album, a testament to his unwavering dedication to his craft. Tragically, he lost his life while promoting this album, which had the potential to propel him to the heights he truly deserved in the industry.

 

Before parting ways with his former label, Mohbad had endured a great deal, and his health had suffered as a result. He was diagnosed with hypertension, a stark reminder of the toll his pursuit of musical greatness had taken on his well-being.

 

In tribute to Mohbad, let us remember his undeniable talent, his commitment to creating meaningful music, and the resilience he displayed throughout his journey. He may have left us too soon, but his music will continue to resonate with his fans and serve as a testament to his enduring legacy in Nigerian music.

 

By Timilehin Ajagunna

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Business

ZENITH BANK APPOINTS DR. JULIET EHIMUAN AS NON-EXECUTIVE DIRECTOR

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The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023. The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central Bank of Nigeria.Dr Juliet Ehimuan is the Founder and CEO of Beyond Limits and the immediate past Director of Google West Africa.

 

She was named by Forbes as one of the top 20 power women in Africa, by the London Business School as one of 30 people changing the world, and as one of the Most Influential People of African Descent (MIPAD). She was also featured in the BBC Africa Power Women series, and on CNN Innovate Africa.With over 25 years experience primarily in Technology, Oil & Gas, and New Media industries across Europe, Middle East and Africa; Juliet is a leading voice on Innovation, Transformation, and Leadership.During her remarkable 12-year tenure at Google, Juliet played a pivotal role in expanding the company’s presence in Nigeria and the wider West Africa region. She championed initiatives to increase digital access, local content development, skills acquisition, entrepreneurial growth, innovation, and fostered strategic partnerships with leading private sector and government institutions.Dr Juliet has made significant contributions to the tech ecosystem in Nigeria and Africa at large. She served on committees that developed the national broadband plan and ICT incubation strategy in Nigeria, and has been involved in national strategic advisory groups focused on economic growth. These engagements demonstrate her commitment to shaping the future of tech in Africa. She has received numerous awards for outstanding contribution to the digital landscape in Africa.

 

She holds board positions across multiple industries including Finance, FMCG, Oil & Gas, Education and social enterprises.Her education includes a Doctoral degree in Business from Walden University in Minneapolis, an Executive MBA from the London Business School, a Postgraduate degree in Computer Science from the University of Cambridge; and a BSc in Computer Engineering (1st class honours) from the Obafemi Awolowo University, Ile-Ife. She is a recipient of the London Business School Global Women’s Scholarship, and at Cambridge University was awarded Selwyn College Scholar and Malaysian Commonwealth Scholar. She is a Fellow of the Cambridge Commonwealth Society.She was awarded IT Personality of the Year in 2012 by the Nigeria Computer Society, Digital Personality of the year 2016 by Marketing World; and received a 2015 Titans of Technology award from Technology Africa. She is a published Author, Executive Coach, and a member of the Forbes Coaches’ Council.

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