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In line with fulfilling his mammoth pledge made to Caleb University, serial philanthropist and Chairman of Atlantic International Refinery and Petrochemical Ltd., Akintoye Akindele has gifted N5million each, automatic employment to the best three graduates, as well as scholarship to 22 new students.


In a statement issued to journalists by Olawale Adekoya, Information, Media and Publication Specialist of Caleb University, Akindele had made the promise at the 11th Convocation ceremony of the University in February, only to drop by barely two months after to make good his pledge.


According to the Information and Media spokesman: “Dr. Akindele presented a cheque of five million naira each, totaling fifteen million Naira to the Overall Best who is female, Best Male and Best Post Graduate Students.”

“He also offered automatic employment to the three best graduating students and handed out a cheque to cover the school fees of 22 newly matriculated students during the presentation,” Caleb Media person enthused.


He also said that the Saïd Business School of the University of Oxford-trained Petrochemical Expert announced the commencement of efforts to build an Information Technology Centre, as well as an Institute of African History and Archaeology at the Imota Main Campus of Caleb University.


Acknowledging the philanthropy were the Vice Chancellor, Caleb University, Prof. Nosa Owens Ibie, Mayokun Olumeru, the Registrar and family members of the recipients.


The VC who acknowledged the significance of Akindele’s generosity to Caleb University and his passion to ensure the fulfilment of all his promises, described his various endowments as “ground breaking and game changing.”


It will be recalled that the benefactor who also delivered the convocation lecture on the topic, ‘The Rhetoric and Reality of Youth as Game Changers, had charged every Nigerian youth to emulate the beneficiary best graduating students.


Akindele said: “… emulate Game Changers like Jezry Ejehi Iredia of the Computer Science department who emerged Caleb University’s overall best graduating student, and by extension, the best female student, with a CGPA of 4.92; Humphrey Ifezue also of the Computer Science department who emerged the overall best male graduating student with 4.84 CGPA, as well as Olufunso Irene Fasuyi, who emerged the best graduating Post Graduate Student.”


Akintoye Akindele is a scholar, philanthropist as well as the Chairman and CEO, Atlantic International Refinery and Petrochemical Ltd – an indigenous oil company engaged primarily in the refining and trading of crude and petroleum products in Nigeria.


Apparently, the Chemical Engineer-turned banker with over 25 years’ experience in private equity and advisory also has his hands on many pies. He is also Chairman, Platform Capital; Unicorn Group and Diatom Impact; Co-Chairman of Whitespace X and Founder of Synergy Capital Managers.


Widely known for his simplicity, humility and generosity, Akindele holds a doctorate degree in Financial Business Administration from the reputable International School of Management.

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Fidelity Bank Wins Best SME Bank Nigeria at Global Banking & Finance Awards 2022



Fidelity Bank Plc, has been announced as the 2022 Best SME Bank in Nigeria by the Global Banking & Finance Review at its Annual Global Banking & Finance Awards which held in London, UK recently.


Global Banking & Finance Review is the leading online, digital, and print magazine for the banking and financial sector. The website receives over 7 million page views each year thanks to its balanced views and informative, independent news centered on the financial sector. The Global Banking & Finance Awards was created to recognize companies of all sizes that are prominent areas of expertise and excellence within the global financial community.


“Global Banking and Finance Review is privileged to honor those financial institutions that have achieved outstanding results and who stand out in their particular area of expertise in the banking and finance industry. Global Banking & Finance Review would like to congratulate the award winners and look forward to their continued success.


“The awards were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the financial community. They reflect the involvement of leading financial organizations and recognize the accomplishment, achievement, innovation, strategy, and progressive and motivating changes taking place within the financial sector”, reads a statement on the Global Banking and Finance Awards website.


Commenting on the award, MD/CEO Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe said, “We are grateful for this recognition and dedicate the award to our customers who rely on us to provide the right support for scaling their business. Receiving this award at the beginning of the year, provides us with increased motivation to do more in helping our clients achieve their strategic business goals.”


Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 7.2 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best Private Bank in Nigeria and Best Private Bank Digital Solutions for Clients in Africa in the Global Finance’s World’s Best Private Banks 2023 Awards; as well as the Best Commercial Banking Brand in Nigeria by the Global Brands Magazine Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

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Buhari Will Commission Dangote Refinery Before May 29 -Dangote Group



The attention of Dangote group has been drawn to some misleading reports regarding the commissioning of its Dangote Refinery during the present working visit of President Muhammadu Buhari GCFR to Lagos State.


In a terse statement signed by the Group Chief, Branding & Communications Officer, Dangote Industries Limited, Mr Anthony Chiejina, the Group averred that “We want to state categorically that our 650,000 barrels per day (bpd) Refinery project was never part of the President’s programme on projects to be commissioned.


“For the record, the projects slated for commissioning in Lagos State by President Muhammadu Buhari GCFR include: Lekki Deep Sea Port; 32-Metric Tonnes Lagos Rice Mill, Imota; 18.75km Eleko to Epe T Junction Express road; John Randle Centre for Yoruba Culture and History, Onikan, Blue Line Rail (Phase 1) commissioning (Marina to Mile 2); Groundbreaking for the Blue Line Rail Phase 2 (Mile 2 to Okokomaiko), and MRS Lubricant, a private project in Apapa.


However, our Refinery will be commissioned before President Muhammadu Buhari GCFR formally leaves office in May, 2023, and the public will be duly informed and invited to the epic event.”

Before this statement today, Business Hilights recalls that there had been a fake news in an unverified twitter handle saying President Buhari will among other things commission the refinery which the company debunked and described as fake.

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