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NCOY: FirstBank Powering Next Generation of Innovators, Entrepreneurs
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.
By Henry Ukazu
Dear Destiny Friends,
It’s impossible for any mortal person to claim that he has not at one time or another felt envious. In other words, everyone somehow has wished they have something other people; friends, partners, siblings, colleagues or even family members, have. It is worthy of note that the Creator of heaven and earth designed the universe in such a way that everyone needs to depend on one another for survival. Nobody has it all.
While one person may be gifted in singing, another might be gifted in praying, healing, speaking or writing. Yet another might be gifted in playing soccer, while another might be gifted in sprinting, tennis, swimming, and more.
As a Human Capacity Development expert, I have come to realize that we all have different strengths and weaknesses. The mistake most people make is to chase what is not chasing them instead of focusing on developing themselves.
When you develop yourself, it will be easy for other people to appreciate and support you, but when you focus your energy on being jealous of what other people have, you deprive yourself of attracting blessings and opportunities to your life. As a Life coach, I always tell my tribe, major on your major and work on your weakness.
Envy is not only when one is jealous of what someone has, it also means greed when one is not satisfied with what one has. Isn’t it true that greed makes a rich man poor and contentment makes a rich man poor. It is important to note that you can’t attract what you hate. If you see anyone thriving, please if you can’t support them, please leave them the way you are instead of pulling them down.
One of the best ways to succeed in life is to know oneself. According to Socrates, “man know thyself”. When you understand who you are, you will understand what’s unique about you, and you won’t be concerned about the activities of others. The benefit of self-discovery is priceless. Self-discovery will help you to make the right choice, it will assist you to unleash your potential, and it will ultimately help you to be intentional with your life.
One of the reasons why envy is paramount is that we don’t practice gratitude and appreciation. Most often, we look towards what we lack instead of looking at what we have. There’s an adage that says, it is because the philosopher was too busy to get to the promised land that he forgot there’s a ditch in front of him and he fell inside. That’s the philosophy of envy.
It’s instructive to note that envy is not only deadly, but also “cancerous” because when it envelops someone, it blinds the person not to see the good in others. Envy, if not properly managed, can cause more than damage.
There was a story about two friends- John and Paul. John woke up one morning to a gleaming new model Toyota Camry in Paul’s garage. He went green with envy, and by the next day, he had the same brand of car in his own garage to prove a point. Unknown to John, he didn’t know that Paul’s car was a gift from his wealthy father-in-law. John on the other hand had to exhaust all his savings to buy his own car just to prove whatever point he had in mind.
At the end of the day, Paul was smiling well and living his best life, but John was experiencing financial challenges that threatened his marriage because of his pride and greed to prove a point. The moral of this message is to desist from competing with people, rather compete with oneself by being better than you were yesterday.
One good reason why envy and covetousness are such terrible afflictions is because what is right for others may not be right for you. If your motivation is to have what others have, your decisions will be targeted at the wrong or goal. Your goal must be self-geared and not to keep up with the neighbors.
It’s instructive to note that we are not on earth to impress anyone, except God. Yes, it’s good to impress our boss at work, our friends, family members, mentors, and benefactors, etc., it should be done with moderation. What is important is for one to know the intention behind whatever they are doing. This is because when you try to please man, you’ll fail, but when we try to do the right thing, everything will fall in place. According to Bill Cosby, I don’t know the key to success, but the key to failure is trying to please everyone. Moral: Just do you and everyone will be fine because at the end of the day, those that care, don’t matter and those that matter don’t care.
In conclusion, as you journey towards life, please avoid envy, run from it and be satisfied with what you have.
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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WAEC Dismisses Viral Letter on Deployment of Security Personnel to Exam Centres As Fabricated, Fake
By Eric Elezuo
A statement signed by the Ag. Head, Public Affairs, West African Examinations Council (WAEC), National Office, Yaba, Ms Moyosola Adesina, on behalf of the Head of National Office, has denied and dismissed a letter purportedly issued by WAEC, and making the rounds on the internet, as forged, fake and fabricated.
The statement stated categoricrally that ‘the Council has not issued any such directive regarding the deployment of security personnel to individual examination centers as described in the rogue letter.’
The Council urged schools and examination centres to disregard the letter and it’s content as ‘it did not emanate from the office of the Senior Deputy Registrar (Test Administration) or any other department within WAEC Nigeria’.
Below is WAEC’s statement in full:
The attention of the West African Examinations Council (WAEC), Nigeria, has been drawn to a fraudulent letter making the rounds in the media space.
The fabricated letter, dated May 27, 2026, bears the reference number L/SED/12/DIST/VOL. 4/460 and is addressed to “The Proprietor/Principal of schools.
The forged document falsely claims that the Council has finalized plans for a “comprehensive deployment” of personnel from the Nigeria Police Force and the Nigeria Security and Civil Defence Corps (NSCDC) to all WAEC examination centers across Nigeria, effective June 1, 2026. The letter also features a forged signature of the Senior Deputy Registrar/Head (Test Administration), Mr. S.D. Kum.
The Management of the West African Examinations Council wishes to state categoricrally that the said letter is fake, as it did not emanate from the office of the Senior Deputy Registrar (Test Administration) or any other department within WAEC Nigeria. Similarly, the Council has not issued any such directive regarding the deployment of security personnel to individual examination centers as described in the rogue letter.
Furthermore, WAEC recognizes that this letter is the handiwork of mischief-makers and fraudsters aiming to create unnecessary panic, disrupt the smooth conduct of the ongoing examination, and mislead school proprietors, principals, parents, and candidates.
On this note, school authorities, supervisors, invigilators, parents, and the general public are hereby advised to completely disregard the contents of the said letter.
The Council hereby wishes all registered candidates for WASSCE for School Candidates, 2026 the very best in their preparations for the examination.
The crisis rocking the All Progressives Congress (APC) has continued to deepen, as the President Bola Tinubu’s daughter, Mrs. Folashade Tinubu-Ojo, on Wednesday, called for the disbandment of the influential Justice Forum and Mandate Movement groups over alleged manipulation of the party’s primaries.
Tinubu-Ojo, daughter of President Bola Tinubu, specifically faulted the conduct of the House of Representatives primary for Mushin Constituency I, Agege Constituency II, and Ojokoro, alleging that the mandate of aspirants in the constituencies was stolen and handed to “a non-winner”.
Speaking during the weekly meeting of market leaders and stakeholders at the Iyaloja-General’s office in Alausa, Ikeja, she condemned what she described as political shenanigans and warned against attempts to subvert the will of party members.
She also decried the alleged marginalisation of traders by political office holders despite their contributions to the growth and electoral success of the APC in Lagos State.
The Iyaloja General cited the cases of Mutiu Olaide Oladeebo in Agege Constituency II, Seye Oladejo in Mushin Federal Constituency, and Olotu Emmanuel Ojo in Ojokoro, insisting that the aspirants won their respective primaries convincingly before moves were allegedly made to alter the outcomes.
She said: “We have to cry out now; let the APC cancel Justice and Mandate Forums because our governorship candidate belongs to the Justice Forum.” Everybody is now joking at the Justice Forum because that is where our incoming governor belongs. Are we not Lagosians? When he becomes the governor, he will not be the governor for the APC alone; he has to balance it. Even when you are the governor, you have to lead both your friends and foes. It is saddening that when a Mandate Forum aspirant wins, he jumps to Justice Forum; it is saddening. It is a way of telling us that hard work doesn’t pay in politics.
“Something must be done on that because it is important.
We are sure that Seye Oladejo won in Mushin Federal Constituency and Olotu Emmanuel Ojo in Ojokoro won in Ojoroko with a landslide.
“In fact, we decided to calm down and see what they will do about it because we are ready to protest. We know they won the election and their mandate should not be given to somebody else.”
She urged APC leaders at the state and national levels to immediately investigate the disputed primaries and ensure that justice prevailed before final ratification of the results.
She warned that failure to address the grievances could worsen internal tensions within the APC ahead of the 2027 general elections.
Tinubu-Ojo declared that market women across Lagos remain committed to supporting the governorship ambition of Dr. Kadri Obafemi Hamzat and other APC candidates nationwide, but stressed that traders deserve recognition and political appointments in return for their loyalty and sacrifices.
She also urged President Bola Tinubu to acknowledge traders as critical stakeholders in national development.
Meanwhile, aggrieved APC members and supporters in Mushin have threatened mass protests if the alleged mandate of Oladejo is not restored.
The protesters accused leaders of the Justice Forum bloc of attempting to impose candidates and undermine internal democracy within the party.
“We know who won the election, and the mandate should not be stolen. We are ready to protest if justice is not done,” one of the protesters said.
