Business
WAMCO Denies Selling Congealed Product, Reaffirms High Quality, Safety of Milk Products
By Eric Elezuo
Nigeria’s leading dairy products makers, FrieslandCampinq WAMCO, has denied releasing congealed dairy products to the Nigerian public, affirming its commitment to producing high quality and safe for use milk products.
The company made the pronouncement in a statement signed by the Executive Director, Corporate Affairs, Ore Famurewa, following an online allegation of a congealed dairy product found in the public space.
The statement noted that FrieslandCampina WAMCO is cooperating with regulating agencies to get to the root of the matter, adding that so far investigations have proved the company is not culpable as “integrity of our manufacturing, batching, warehousing and distribution of our products has remained intact.”
It further advised the consuming public “to always use its expanded toll free number and email on the pack of all its products to liaise with dedicated professionals on any inquiry.”
The statement in details:
FrieslandCampina WAMCO, makers of Peak milk and Nigeria’s leading dairy brands, is aware of an online news about a claim of congealed milk bought from an independent seller in an area of Lagos State.
Our Company is currently collaborating on a joint investigation with the Lagos State Consumer Protection Agency (LASCOPA) over the issue to address any public concern. So far, internal and external investigations have shown that the integrity of our manufacturing, batching, warehousing and distribution of our products has remained intact.
In a meeting with the Agency and other stakeholders, FrieslandCampina WAMCO reiterated its commitment to the sale of only genuine, high quality Peak products that are safe for consumption and fit for use as per the product label and expiry details.
Following this, the Company has called on consumers to always use its expanded toll free number and email on the pack of all its products to liaise with dedicated professionals on any inquiry. This platform caters for consumers across Nigeria.
While we expect the conclusive result of the investigation, we take this opportunity to reassure our consumers that FrieslandCampina WAMCO will continue to provide consumers wholesome dairy products.
For over 60 years, the Peak brand has been providing Nigerians with quality dairy nutrition. The integrity of the Peak brand is based on its stringent quality process. Peak is rich and creamy natural nutrition that strengthens and supports daily body activities. The Peak brand is ambitious to enable all Nigerians reach their Peak every day.
Business
One-Day MD/CEO Children’s Day Initiative: Wema Bank Makes Final Call for Submission of Entries
As the deadline of May 20, 2026, fast approaches, Wema Bank has announced the last call for submissions for children and teens interested in participating in becoming MD/CEO of Wema Bank for one day.
Launched in May 2025 as part of Wema Bank’s 80th anniversary celebration, the One-Day MD/CEO initiative was introduced by Wema Bank to commemorate Children’s Day in a uniquely unprecedented manner. Inspired by the Bank’s 80th anniversary theme “80 Years of Impact, A Future of Possibilities”, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day.
As 12-year-old Chiderije Mbah emerged winner, the Wema Bank One-Day MD/CEO initiative dominated the conversation on May 27, 2025, with children across Nigeria inspired to put in the work towards a successful future and parents commending the Bank’s consistent commitment to empowering children and helping them build the right future. This year, 2026, the Wema Bank One-Day MD/CEO initiative has returned on a larger scale.
For the 2026 Children’s Day celebration, Wema Bank will give another child or teenager [ages 0-16] a chance to step into the shoes of Managing Director/CEO of Wema Bank, for a day. The child will get to oversee board meetings, make tactical decisions, and experience firsthand the demands and responsibilities that come with the office of MD/CEO, especially for an institution like Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT.
To participate, children/teens are expected to record a 60-second video detailing what their ideal role in banking would be and what they hope to achieve. This video is to be posted on any social media platform using #EvolutionOfPossibilities and tagging @wemabank on the post. The post with the highest number of likes emerges winner and the winner gets to become MD/CEO of Wema Bank on Monday, May 25, 2026, in celebration of Children’s Day.
Both parents and teens are encouraged to hurry and make their submissions now as entry closes in less than two days, specifically on Wednesday, May 20, 2026.
More details on the Bank’s social media platforms @wemabank
First Bank of Nigeria Limited has announced the launch of its Naira Visa Debit Card, in partnership with Visa to extend accessible, reliable electronic payment capabilities to a broader segment of the Nigerian population.
The card is targeted at everyday consumers who require a dependable payment instrument for routine domestic and international transactions. Accepted across POS terminals, ATMs, and online platforms through Visa’s payments network, the Naira Visa Debit Card is designed to reduce friction for customers transitioning from cash to electronic payments across retail, utilities, and digital commerce.
The launch aligns with Nigeria’s ongoing drive toward a cashless economy, a policy direction that has gained significant momentum following successive Central Bank of Nigeria directives encouraging the adoption of electronic payment channels. The card is intended to serve customers across the country’s diverse economic segments.
Speaking on the launch, Chuma Ezirim, Group Executive, eBusiness & Retail Products, FirstBank, said: “Everyday transactions should be simple, secure, and rewarding. The Naira Visa Debit Card is designed to make life easier for our customers, whether they are paying for groceries, settling utility bills, or shopping online. By extending reliable electronic payment access across Nigeria, we are helping more people transition confidently from cash to digital payments, supporting the nation’s cashless policy and empowering communities with greater financial inclusion.”
Commenting on the strategic importance of the partnership, Andrew Uaboi, Vice President and Cluster Head, West Africa, Visa, noted: “A strong payments ecosystem is one that works for everyone. The Naira Visa Debit Card extends reliable electronic payment access to everyday Nigerian consumers, and this in addition to the cards in our portfolio continues to demonstrate what a truly comprehensive card portfolio looks like for the Nigerian market. Visa is proud to power this offering with FirstBank.”
The launch of the Naira Visa Debit Card broadens Visa card portfolio at FirstBank that already includes products spanning credit cards and High-end premium lifestyle spending cards. The addition completes its offering across customer segments, ensuring that cardholders at every income level have access to a product suited to their needs.
The Naira Visa Debit Card is available to all eligible FirstBank account holders through any of the bank’s branches nationwide.
