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Stanbic IBTC Chairman Advocates Adoption of Clean Energy

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The Chairman, Stanbic IBTC Plc, Mr. Basil Omiyi, has urged organisations to migrate to cleaner energy sources for their operations because of the capacity to reduce the impact of emissions on the environment.

Omiyi made this assertion while acknowledging that the economy and society are wholly owned subsidiaries of the environment, stating that the use of green energy will help keep the environment stable to support economic and social activities.

He noted that for development in Nigeria to be sustainable, there must be a balance that guarantees that the environment and society are not negatively affected by economic activities now and in the future.

“Green energy is devoid of carbon emissions (unlike fossil fuel energy sources which harm the environment) and is one of the major contributors to climate change. Corporates can shift to cleaner energy sources for their operations. Financial institutions can help advance this shift by facilitating funding (in line with their risk appetites) which will be necessary to achieve growth in the green energy space”, he said.

The Stanbic IBTC Chairman also revealed that his organisation was committed to creating a greener environment across its operational locations.

He said: “At Stanbic IBTC, building environmental resilience is one of our four sustainability pillars. This pillar demonstrates our focus on environmental footprint management.”

In this regard, the Stanbic IBTC has continued to implement and expand on programmes to reduce its carbon emissions. Some of the ways include reduction of energy consumption in office locations using energy-efficient fittings; adoption of cleaner energy sources across the office locations, as well as the Go-Green programmes across some branch locations to reduce energy and paper consumption and improve water efficiency.

The organisation has also adopted tree planting programmes to help with carbon sequestration. Already, over 300 trees have been planted across the country and the number will grow significantly in the near future.

He added that most developing economies do not possess the capacity to implement green energy due to the technical and financial requirements while, conversely, the developed world is responsible for the bulk of carbon emitted into the atmosphere.

Basil stated further: “As you saw at COP26 (Conference of Parties 26), the world is attempting to obtain the commitment of Nation States to the Net-zero emission world. The developed world, which is disproportionally responsible, on both gross and per capita basis for the bulk of carbon emission into the atmosphere, is unwilling to drastically cut their energy consumption, as they wish to maintain the standard of living of their people. Therefore, there is a need for a just energy transition strategy that is fair to all and affordable to all.”

“Knowing the urgency in halting climate change, Stanbic IBTC is working with vendors and customers to provide solutions that can help address climate change issues. This is reflected in one of our seven focus SEE Impact Areas – Climate Change and Sustainable Finance – where the Group seeks to provide financial solutions to support climate change mitigation and adaptation measures. We also continue to advance awareness around climate change amongst the general public; leveraging our social media platforms and webinars, for instance, the recently concluded Net Zero Webinar. Similarly, our parent company, the Standard Bank Group hosted a Climate Summit in partnership with University of London’s School of Oriental and African Studies. We continue to take awareness communication initiatives by sharing practical tips that people can adopt to help address climate change,” he said.

Basil was appointed as the Chairman of the Stanbic IBTC Holdings Board with effect from 15 May 2017. He spent most of his career at Royal Dutch Shell in various roles both in Nigeria and Europe, including Head of Production Technology, Chief Petroleum Engineer, Managing Director of Shell Petroleum Development Company of Nigeria Ltd, and ultimately country Chairman of Shell Nigeria.

He is currently an Independent Non-Executive Director on the Board of Seplat Petroleum Development Company Plc. He has also held a number of Board memberships and senior advisory positions including; Chairman of Greenacres Energy Limited, Chairman of the Nigerian Upstream Industry Group, Board member of the Nigerian Business Group of New Partnership for Africa’s Development (NEPAD) and Nigerian Extractive Industry.

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Personality in Focus

Olubadan of Ibadanland, Oba Olakulehin, Dies at 90

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The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has died. He was aged 90.

Oba Olakulehin, who ascended the throne in July 2024, died in the early hours of Monday, July 7, 2025, after spending a year on the throne, and two days after his 90th birthday

Oba Olakulehin received the staff of office from Oyo State Governor Engr. Seyi Makinde, on July 12, 2024, as the 43rd Olubadan of Ibadanland.

Oba Olakulehin ascended the throne from the chieftancy rung of Balogun Olubadan, following the demise of Oba (Dr.) Moshood Lekan Balogun, Alli Okunmade II, who died at the age of 81 years on March 14, 2024.

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Things Fall Apart Festival 2025: Chimamanda Adichie Calls for Igbo Unity, Honoured by ATPN

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Global literary icon, Chimamanda Ngozi Adichie, has been inducted as an Honorary Fellow of theAssociation of Tourism Practitioners of Nigeria (ATPN), in recognition of her remarkable contributions to promoting Nigeria’s cultural identity through literature. Her works, which have earned worldwide acclaim, continue to project Nigerian—and particularly Igbo—culture on the global stage.

The honorary induction took place during the Things Fall Apart Festival (TFA) 2025, held in Enugu and organized by the Centre for Memories – Ncheta Ndigbo, with endorsement from the National Council for Arts and Culture (NCAC) and the ATPN, and in partnership with iTour Africa. The festival is a celebration of the legacy of Chinua Achebe’s timeless novel, Things Fall Apart.

Adichie, who chaired the festival, delivered a stirring address that emphasized the urgent need for unity and cultural pride among the Igbo people. Also present at the event were several dignitaries including Sir Ike Chioke, Managing Director of Afrinvest; Sir Emeka Mba, former DG of the Nigerian Broadcasting Commission and founder of Afia TV; and celebrated actor Chief Nkem Owoh (Osuofia).

Speaking on behalf of ATPN National President Omo-Oba Adetunji Femi Fadina, the association’s Deputy President II, Wilson Uche Ugwu, emphasized the vital role of cultural identity in tourism development. He urged Nigerians—especially the Igbo—to take pride in their heritage and support initiatives that preserve and promote indigenous culture. Ugwu also reaffirmed ATPN’s commitment to professionalism among tourism practitioners and the need to avoid distorting Nigeria’s rich history and traditions.

In her keynote speech, Chimamanda Adichie made a powerful call for internal reflection and unity within the Igbo community:

“Ndigbo k’anyi tetalu n’ura. Let us wake up. Ife emebigo n’ala Igbo. Things have fallen apart in Igbo land,” she said. “We often speak of political marginalisation, and indeed any honest assessment of post-war Nigerian history acknowledges that. But before we can truly challenge external forces, we must first ‘clean house.’ We are giving those who want to marginalise us even more reasons to justify their actions.”

She stressed that unity does not mean uniformity but a conscious choice to collaborate for a greater goal despite differences.

“If all governors and senators from the Igbo-speaking states come together and set aside party affiliations, it would bestow a significant bargaining power to influence policies beneficial to the region.”

Adichie also delved into the erosion of Igbo language and identity, lamenting the decline of Igbo literature and the increasing pride in raising children who do not speak their native tongue.

“Languages are beautiful, and the more languages a child can speak, the better. But what’s happening in Igbo land is not about the ability to learn languages—it is about the lack of value for what is ours. Even our naming culture is eroding. We now give names not for their meaning, but for how ‘Western’ they sound.”

She drew parallels with the Germanic tribes, who despite having multiple dialects, united to form a modern German state. In contrast, she warned that internal divisions within Igbo society, often rooted in political rather than cultural identities, are weakening the community.

“Igbo is Igbo. Nobody is more Igbo than another. The distinctions we make today—‘Anambra Igbo,’ ‘Delta Igbo’—are political, not cultural. Our strength lies in our unity.”

The Things Fall Apart Festival 2025 served not only as a celebration of Achebe’s literary genius but also as a rallying point for cultural rebirth and communal introspection. It was a fitting occasion to honour Chimamanda Adichie, a torchbearer of African storytelling and cultural preservation.

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Personality in Focus

Popular Televangelist, Jimmy Swaggart Dies at 90

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Famous American televangelist, Jimmy Swaggart, has died at the age of 90.

Jimmy Swaggart’s death was announced on his Facebook page on Tuesday.

He reportedly died two weeks after suffering a cardiac arrest at his Louisiana home on June 15 2025.

The once most recognized Pentecostal preacher in the United States, was brought down in the late 1980s by sex scandals.

The pastor of the Family Worship Center in Baton Rouge, was reportedly caught on camera in 1988 with a prostitute in New Orleans.

Jimmy Swaggart was embroiled in a prostitution controversy in 1988 after he accused Marvin Gorman, his fellow preacher, of infidelity.

In retaliation, Gorman hired a private investigator who caught Swaggart with a prostitute.

The development triggered a national scandal, prompting him to temporarily step down from preaching.

Addressing the incident during a tearful sermon in 1988, Jimmy Swaggart apologized to his parishioners.

“I have sinned against you. I beg you to forgive me”, he said.

After the scandal, he, however, continued preaching for decades, but with a reduced audience.

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