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NCOY: FirstBank Powering Next Generation of Innovators, Entrepreneurs

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What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers – accurate or near-accurate answers, that is – to the third, however, will rely entirely on the ability to predict/envision the future and work to invent and create the predicted future.

With a continuing shining legacy of nation building – supporting innovative financial, commercial and other developments in Nigeria and even Africa – one bank is already projecting beyond today to the year 2094 – exactly 200 years from its founding in 1894. The bank, First Bank of Nigeria Ltd, is not just predicting a bright, innovative future for Nigeria but is going all out to foster what is required to invent it. FirstBank is putting its money where its mouth is. The bank has been betting the farm on Nigeria’s young and emerging generation for decades.

Take the last two decades, for example. FirstBank has been involved with Junior Achievement Nigeria (JAN) for over twenty years as one of the many ‘fronts’ in the bank’s engagements with the next generation of Nigerians to collaboratively create the bright, innovative future that Nigerians dream of. For ten years now, FirstBank has been supporting the National Company of the Year (NCOY) competition, an extension of the JAN Company Programme, designed to help senior secondary school students better understand how businesses are organised and operated. The students will be required, during the course of the competition, to develop a business plan, establish production and sales of goods and services for their company, monitor progress toward goals at regular department and company meetings, maintain complete financial records, compile a report to stockholders, and liquidate the company at a given period with the support of a volunteer.

FirstBank’s partnership with JAN on the National Company of the Year competition has meant a decade of impact and innovation illustrated by the very nature of innovative products and services created by young minds to solve real problems facing society and the business systems they put in place in form of student companies to successfully produce and market the products and services sustainably and to impact their local communities. Consider the growing problem of fire accidents and deaths from gas explosions resulting from gas leakage in homes, offices and industries. The students from Taidob College, Abeokuta, through their student company, TC Achievers, created an innovative solution to address it.

TC Achievers produced a domestic and industrial gas leakage detector – a device which raises an alarm and sends SMS to the owner’s mobile phone once there is any gas leakage. Their innovative device fetched TC Achievers first position in the regional competition in Ogun State and at the national level in Lagos, earning them the right to represent Nigeria in Ghana at the 2019 African Company of the Year competition. Taidob College emerged from Ghana with four awards, the most by any of the participating Junior Achievement member countries, including Botswana, Eswatini (Swaziland), Gabon, Ghana, Kenya, Mauritius, South Africa, Uganda, Zambia and Zimbabwe. The Nigerian representatives won the following: Client Focus Award, Entrepreneurial Spirit Award, Facilitator of the Year Award and were second runners-up for Company of the Year Award.

The 2018 National Company of the Year competition winners who went on to emerge the grand winners at the Africa Company of the Year competition in Ghana same year, Inventive Explorers from Caro Favoured College, Ajegunle, Lagos were concerned about traffic accidents, especially in areas with school children crossing busy streets. Their innovative device, a rechargeable handheld LED traffic light, was designed to solve this real problem faced by various congested communities. Besides the grand prize at the Africa Company of the Year competition, they also brought back home the Access Award, given to the business that best exhibits the principles of global connectivity.

Guided by the same spirit of innovativeness and enterprise and a passionate desire to solve a real problem facing society that were at work when TC Achievers and Inventive Explorers devised their award-winning innovative solutions, the first runners-up in 2018, Brain Max, the student company formed by student representatives of Government Girls Secondary School, Abaji, Abuja designed a website and software application for connecting local produce farmers directly to their customers. Brain Box also won Best Corporate Social Responsibility Project Award on account of which they visited camps of Nigeria’s internally displaced persons (IDPs) to provide financial literacy and entrepreneurship education to occupants, including helping the IDPs to secure seed funding. It was the same inspiration for the second runners-up, Sharon Glory Ventures, the student company formed by students of Sharon Rose College, Saki, Oyo State who produced a water-level indicator to enable homeowners to determine the level of water in their tanks. Sharon Global Ventures also received the award for the Most Innovative Product.

In 2020, given the global COVID-19 pandemic, the FirstBank-sponsored National Company of the Year competition will be conducted virtually. The virtual format will, however, not take anything away from the allure and competitiveness that the competition has been noted for over the years. This year’s unique competition, holding on Saturday, 12 December 2020 at 3 p.m. (West/Central African time), will bring together six outstanding student companies across Nigeria to lock horns for a lifetime opportunity to carry Nigeria’s flag at the JA Africa Company of the Year competition later in the year, and possibly repeat the feat achieved by the 2018 Nigerian representatives.

The Virtual Company of the Year (VCOY) competition is the culminating point for the implementation of the Virtual Company Programme. The goal of the VCOY is to create a signature showcase for JAN and the students who benefited from the impact of the digital JA Company Programme. This pilot programme will be in two stages where the first stage will identify the top business ideas from each region and select the top five most viable business ideas and reward them with seed funding to fully develop their ideas into businesses. The second stage of this competition sees the introduction of top professionals across different sectors who would serve as the panel of judges to determine each student company’s performance against a set of established criteria. Judges look out for evidence of innovation and application of new ideas in all aspects of business and select the best team to represent Nigeria at the Africa Company of the Year competition.

Whichever student companies emerge as winners of the 2020 National Company of the Year competition, one thing is certain: All the participants, not just at the national level but also at the regional levels, will join the ever-growing and rapidly-expanding crop of young minds engaged, trained, prepped and reoriented in a FirstBank-sponsored empowerment programme to become innovative and entrepreneurial thinkers and problem solvers. The bank is supporting such programmes so the young participants will join it in the arduous task of nation building and inventing the desired future for Nigeria. FirstBank is confident that the young minds who come through the JAN Company of the Year competition will be Nigeria’s future Steve Jobs, Bill Gates, Warren Buffet, Jeff Bezos, Mark Zuckerberg, Richard Branson, Larry Page and Sergey Brin. In their time and in the envisioned future for Nigeria, the country will stand tall, unintimidated by her Western counterparts, having been catapulted to the status of a leading developed nation by the young and emerging generation FirstBank has been betting big on for years.

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Reps Pass State Police Bill

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The House of Representatives has passed the state police bill, effectively making way for the decentralisation of the Nigerian policing architecture.

The resolution followed the voting by 289 lawmakers in favour of state police during Thursday’s plenary session presided over by the Speaker, Tajudeen Abbas.

Recall that the House committed Thursday’s plenary to voting on the State Police Bill following the spike in killings, kidnappings, and banditry in the past few months.

The session was not without its fair share of drama, as shortly after the lawmakers settled down for the business of the day, Kaduna lawmaker, Bashir Zubairu, moved a point of order, explaining that the document on the proposed state police put together by the House Committee on Constitution Review got to the lawmakers only on Thursday afternoon.

Recognised to speak by the speaker, Zubairu said, “Mr Speaker, this document was only made available to lawmakers in the chambers, and we are yet to go through it. We cannot do justice to it because we have not gone through it.”

Zubairu, a member of the African Democratic Congress, was ruled out of order, allowing the process to proceed.

While the Speaker took members through the clauses, voices shouting “Point of Order” could be heard, but the presiding officer ignored them.

Before the voting began, Abbas announced that the electronic voting system was faulty, noting that the exercise would be conducted based on attendance.

Out of the 290 members in attendance, 289 voted in favour of state police while one voted against. The Speaker abstained from voting.

The Punch

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How We Rescued Adelabu’s Sister and Her Twin Sons from Kidnappers – Police

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The Nigerian Police Force has announced the rescue of former Minister of Power, Adebayo Adelabu’s sister and her twin sons, who were abducted on June 3, in Ibadan.

A statement signed by the Force Public Relations Officer, DCP Anthony Okon Pkacid revealed ad follows:

The Nigeria Police Force announces the successful rescue of Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, who were abducted on June 3, 2026, in Ibadan, Oyo State.

The hostages were rescued during a coordinated operation by the Force Intelligence Department Intelligence Response Team (FID-IRT) in Ibadan at approximately 7:30 p.m. on Saturday, June 6, 2026.

Mrs. Adegoke and her children were abducted while she was driving them to school at about 7:30 a.m. on June 3, 2026. The rescue was achieved through sustained intelligence gathering, surveillance, and tactical operations. These efforts enabled investigators to track the kidnappers’ movements, resulting in a confrontation with FID-IRT operatives.

During the confrontation, two suspected kidnappers were fatally wounded and two rifles were recovered. The victims were rescued unharmed and are now in safe custody, receiving medical care and support.

The Inspector-General of Police commends the courage, professionalism, and effectiveness of the FID-IRT operatives and all officers involved. Their resilience and commitment were instrumental in the safe rescue of the hostages.

Security operatives have intensified efforts in the area to apprehend fleeing members of the kidnapping syndicate. Preliminary intelligence indicates that some suspects escaped with gunshot injuries. Operations are ongoing to track, arrest, and bring all involved to justice.

The Nigeria Police Force appreciates the public’s support, cooperation, and patience during the operation. We remain committed to combating violent crime, protecting lives and property, and ensuring the safety of all citizens.

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Food for Living: Run Your Race with Your Mates

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By Henry Ukazu

Greetings Destiny Friends,

A race, in a literary sense, is a contest between two or more persons competing for a prize. A race can be a sprint, relay, marathon, middle-distance, long-distance, and hurdles. When it comes to running a race, every single step is important because a wrong move can affect the entire outcome. Can you imagine where an athlete has a faulty start or enters the lane of another athlete. That athlete will be disqualified. Can you also imagine a case where an athlete misses the baton; it will definitely affect their chances of winning the race.

Beyond the race on the tracks, there’s also a larger race on the field of life. This race is not interested in whether one is an athlete or not. It is open to everyone living. Consequently, everyone must run his race with his mates and contemporaries, and here’s why.

In the journey of life, everyone is entitled to running their individual races. Nobody will run another’s race for them; the best anyone can do for another is assist in providing an enabling environment for the race. For instance, our parents, mentors, siblings, relatives, benefactors, churches, government, among others have all contributed in one way or another to shape our journey. They did it so that we won’t be found wanting when we step out to the tracks to compete with mates.

Let’s face it, our parents, siblings, relatives may have supported us with resources in training us in schools. Our mentors, benefactors, government, churches, etc. may have provided an enabling environment and by putting the necessary structures for us excel.  The government can formulate policies that will enable progressive minds to thrive. All these acts are structured to give us an edge in life.

One may be wondering why this illustration important; well, the simple reason is because we must run our race at the right time, otherwise, we’ll be left behind. My beloved mother Lolo Agnes Ukazu, will always say, when your mates are running, run with them. That statement might sound ordinary, but it is very deep. One may be wondering what it means, well, it simply means, it’s always good to do the right thing at the right time. For instance, there’s a right time for one to go to school, get married, have kids, invest and give it back to society. When one misses a stage, it might be hard to get back on track. So, when one’s mate is going to school, please, if you have the time and resources, join them and go to school, marry, have children, invest, etc. because at the end of the day, everything will align together if done properly.

My late mother will always say, when one is born, the person won’t enter his/her mother’s womb again. The next task for the person is to run their race by fighting their war, and this entails running their race by taking ownership of their life. When your mates leave you behind, it might be difficult to catch up with them. May God help you if they have gone far.

It’s sad to see uniformed minds who always think their messiah or destiny helper will come from heaven. They fail to understand that “Power is never served a la carte“. One will have to struggle to earn it.  That’s simply how life works. Anything anyone desires, one will have to roll their sleeves and do the needful. If the universe is kind to you, it will send you destiny helpers, associates, benefactors, mentees, and resourceful people who can assist in birthing your vision.

The universe can also make the government formulate a policy for you. I have since come to the sublime submission that in life, we are the architect of our lives. According to my late dad, Chief Lazarus Ukazu, “any name anyone wants to answer, that person must work hard to earn the name. Again, this is running your race.

Overtime, I have discovered, when you begin a race, people from north and south will align together to assist you in birthing the vision all things being equal.  Most of the work I have been celebrated didn’t come because I was smart, even though smartness may have contributed, but the true success was a result of my accomplishment. For instance, as an author, I use my books to create curriculum for my target audience, meet resource people and organization.  I didn’t wait for my mentors or anyone to put me in the spotlight. Rather, they saw my work and appreciated the value and problems I was solving, and they extended a hand of fellowship to partner with me.

I didn’t fold my hands and wait for manna from above. No, I rolled my sleeves. I didn’t feel entitled to any favor, I didn’t complain, rather I fixed the problem, and as they say, the rest is history.

To run your race with your mates, timing is critical. You don’t want to have children at old age when you are supposed to be resting.  Imagine being in a Parents Teachers Association meeting with children who are supposed to be your kids. Again, when your mates are busy grinding by adding value to their life, please endeavor to do the same because when they get to the top, they’ll find resourceful people who have added to their life. So, imagine a case where one has developed themselves and they still fail, they still stand a better position to attract opportunities because of the bold actions and steps they have taken.

From personal experience, I have seen people who just relax with hope that if a friend succeeds and gets to the top or makes money, they will be remembered, but these uninformed minds don’t know that life doesn’t work that way. As an accomplished author and human capacity development expert, most of the heights I have attained were simple because I collaborated with resourceful minds working the same space or I had people who believed and saw value in my work.

I don’t know what your storyline is, I just want you to know that if you don’t run your race, other people will run it for you. My prayer for you is that you may not be a spectator in a race you are supposed to own.

Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator.  He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer and author of Design Your Destiny Design  and Unleash Your Destiny .  He can be reached via info@gloemi.com

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