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As part of its commitment to youth development, Stanbic IBTC Holdings PLC, a member of Standard Bank, has concluded plans to sponsor Africa NXT, formerly known as Social Media Week.


In recent years, experts and youths in the business, creative and tech spaces across Africa and the diaspora had convened to hold discussions on various topics related to youth development at the week-long annual event. This year, the event is slated to take place from 27 February to 04 March 2022. The 2022 edition of the event is themed “The Next 10 Years: Reimagining Our Collective Commitment to Africa’s Prosperity”, with a particular focus on collaboration to achieve progress in tech and business for Africa’s prosperity.


As an institution leaning towards the use of technological innovation in the financial space and an official sponsor of the Africa NXT event, Stanbic IBTC will hold a panel discussion and masterclass session to speak to topics on digital insurance, investments, and business finance.


The financial institution will introduce its newly launched Artificial Intelligence robotics, Stanbic IBTC Pepper, a fully programmed robotic companion that engenders quality human interaction in banking experiences for clients and customers during the event.


Speaking about the event, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, said the event would serve as an opportunity to connect with the youth. He said, “Stanbic IBTC is passionate about youth development and innovation. Africa NXT is a platform that connects us all, gives us the opportunity to converse and let them know that Stanbic IBTC is always ready to help push their dreams.”


Wole said the robot, Pepper, will be on ground for people to have a first-hand experience of it and have a glimpse of how technology powers Stanbic IBTC’s operations.


“Technology is beautiful. It simplifies complex processes. Pepper is a robot, but it is well equipped to carry out basic transactions. She is a demonstration of Stanbic IBTC’s relentless search for ways to serve our clients and customers through technology.”


Stanbic IBTC remains committed to finding ways to connect with the youth for empowerment as well as providing Nigerians with financial solutions powered by innovative technology. To participate in the event, visit here

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NDLEA Recovers N8bn Tramadol In Lagos




The National Drug Law Enforcement Agency has busted a mansion in the Lekki area of Lagos State where Tramadol was stored.


NDLEA Spokesman, Femi Babafemi, in a statement on Monday, said the pills recovered from the mansion were no less than 13,451,466 and worth N8.8bn in street value.


He said the mansion belonged to a billionaire drug baron, *Ugochukwu* *Nsofor* *Chukwukadibia* , who was now in custody.

The statement read in part, “The arrest of Ugochukwu, who is the Chairman of Autonation Motors Ltd, is coming barely two months after NDLEA uncovered at least 258.7kg of crystal methamphetamine in a clandestine laboratory in the residence of another drug kingpin in the estate, Chris Emeka Nzewi, who was arrested alongside a chemist, Sunday Ukah, who cooked the illicit drug for him, on September 30.


Following credible intelligence, NDLEA operatives on Friday 30th September stormed the Plot A45 Road 2 home of the 52-year-old billionaire drug kingpin. A search of the expansive mansion led to the discovery of 443 cartons of Tramadol Hydrochloride 225mg, which contains 13, 451, 466 pills of the drug while some cartons were already burnt in a fire incident in the house same day

“Before his arrest, Ugochukwu who hails from Ihiala local government area of Anambra state has been on the Agency’s watchlist as one of those behind the Tramadol drug cartel in Nigeria.


“Preliminary investigation shows that he has about six mansions within the VGC, one of which he uses to warehouse the Tramadol consignment, while he lives in the one at Plot Z-130 Road 67 and another as his office.


“Five exotic vehicles have also been located in two of his mansions, out of which two SUVs including a bullet proof jeep have been successfully removed to the Agency’s facility.


“Reacting to the latest drug haul, Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (retd.) commended the officers and men involved in the operation for their diligence while also appreciating Nigerians for supporting the Agency in its arduous task of ridding the country of the menace of drug abuse and illicit drug trafficking.

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Dangote Cement Allegedly ForgedTax Receipt To Deceive Kogi Getovernment 



The Kogi State Government through its agency Internal Revenue Service (KGIRS) has accused Dangote Cement Plc Obajana of forging its tax receipt.


The acting Chairman of KGIRS, Salisu Enehe, disclosed this during the ongoing investigative hearing by the State House of Assembly ad hoc Committee on revenue at the Assembly Complex in Lokoja.


Enehe was responding to the claim by the committee that the company had paid over 14 billion tax to the Agency between 2016 till date.


According to the state revenue boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.


He said despite the billions of naira that company is making from the state monthly, it has failed to pay taxes that are due the state and Lokoja Local Government Area.


Enehe said instead of doing the needful, the Dangote company approached the court to stale payment of taxes that are legally passed by the state assembly and assented to by the governor.


He noted that the lack of tax payment has slowed down the development of the state.


Also speaking, the Commissioner of Commerce and Industry, Gabriel Olofu, said Dangote company has refused to pay for business premises in the last two years.


Olusegun Ogunbanjo, the Head of Accounts of the Company told the committee that the company had paid N14billion tax from 2016 till date.

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