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Minister of Mines & Steel Devt., Kayode Fayemi Resigns!

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Kayode Fayemi

Kayode Fayemi has announced his resignation from his post as the Minister of Mines and Steel Development, The Cable reports.

Fayemi said this while speaking to journalists at a press briefing in Abuja.

The former minister has been elected as the All Progressives Congress (APC)representative at the Ekiti State gubernatorial elections later this year.

He had previously revealed that he’d resign from his post in a week.

READ: Minister of Solid Minerals Development Kayode Fayemi says he’ll Resign in a Week

 

Dr. Kayode Fayemi - the Minister of  Mines & Steel Development, giving his opening remarks on Day Two (Mining)

Dr. Kayode Fayemi – the Minister of Mines & Steel Development, giving his opening remarks on Day Two (Mining)

BREAKING NEWS

Folorunsho Alakija And Husband Allegedly Part Ways After 40 Years Of Marriage

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Folorunsho Alakija And Husband Allegedly Part Ways | Fab.ng

It has been reported that Folorunsho Alakija, who is considered one of Nigeria’s wealthiest women, and her husband, Modupe Alakija, have decided to separate after almost 40 years of marriage. As per a recent report by The Will, the couple’s marriage has hit a rough patch, and they are no longer living together in their luxurious multimillion-naira matrimonial home in Ikoyi, Lagos. The article also states that the couple has four children together.

According to the reports, there has been a strain on the relationship between Folorunsho Alakija and her husband. Apparently, there have been frequent disagreements, which reportedly led Folorunsho to politely request some time for herself within the confines of their shared residence. This request, resulted in the husband having to find a new residence, albeit in another part of the same neighbourhood.”

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In light of recent whispers, those familiar with the couple have shed some light on the situation. It appears they’ve been portraying a happy image in public for the sake of their reputations, even though their relationship has been facing difficulties for quite some time now.

My mother in-law nearly wrecked my marriage -Richest black woman, Folorunsho Alakija

This recent turn of events comes hot on the heels of an exclusive report by TheWill just five months ago. The report revealed that Folorunsho Alakija has reportedly been facing health issues, particularly concerning her eyesight. In an attempt to maintain privacy, both her family and close associates kept this information confidential, mirroring their efforts to shield her current marital status from public scrutiny.

It remains unclear what led to the separation and whether the couple plans to file for divorce or reconcile.

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Herbert Wigwe: Biography, Career, And More

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Herbert Wigwe: Biography, Career, And More | Fab.ng

On Monday, February 10th, Nigerians received shocking news and were heartbroken to hear that Herbert Wigwe, the CEO of Access Holdings, had died in a helicopter crash in California. He wasn’t alone; his wife, son, and three other people were also killed in the crash. This sad news came as a big scare to everyone who knew him. Here are more details about Mr. Wigwe’s life, his work, and how people are eulogising his memory after this tragedy.

Early life and education.

Herbert Wigwe, born in 1966, grew up with his family in Omueke, Isiokpo, Rivers State. His parents, of Ikwerre heritage, raised him alongside his three sisters, Joyce, Peggy, and Stella, and his brother Emeka.

His learning journey started at an early stage, and he spent his school days at St. Gregory’s College in Lagos, soaking up knowledge and preparing for his future. After graduating, he set his sights even higher, enrolling at the prestigious University of Nigeria, Nsukka. There, he studied accounting, earning his degree in 1987.

Herbert Wigwe: Biography, Career, And More | Fab.ng

Wigwe didn’t just stop with one big brain-booster degree! He went back to school for even more learning, grabbing a master’s degree in banking and finance from the University College of North Wales in 1989 (it’s called Bangor University now). He dove deeper with another master’s degree in financial economics from the University of London the very next year.

And even later in life, in 2006, he showed he was still keen on learning new things by taking part in a special program called the Harvard Business School Executive Management Program.

All this hard work and dedication made Wigwe a strong force in his field. He was recognized by institutes like the Institute of Chartered Accountants in Nigeria and the Institute of Credit Administration. He attained fellowship status with the Institute of Chartered Accountants of Nigeria (ICAN) and the Institute of Credit Administration, and he was also crowned Commander of the Order of the Niger (CON) for all the amazing things he did for Nigeria’s economic landscape.

Career and Achievements

Throughout his career, Herbert Wigwe wasn’t just a bigwig in banking; he was a giant. Not only did he make a big difference in the banking sector of Nigeria and Africa, but he was also a respected leader everyone looked up to. His hard work earned him many awards, like “African Banker of the Year” in 2016, the African Leadership Magazine ”African Business Leader Award” in 2020, the Leadership Newspaper ”Business Person” of the Year in 2020, and “BusinessDay CEO of the Year” in 2017. He was even named the “Best of Africa” by Forbes magazine in 2020.

More than just a successful businessman, Wigwe had a big heart and a passion for helping others. He believed in giving back to the community, and he used his resources to make a real difference. In 2018, he started the Herbert Wigwe Foundation, a special organisation that helps young Nigerians reach their full potential. Through scholarships, wise guidance, and helpful programmes, the foundation gives them the tools they need to build bright futures for themselves and their communities.

Herbert Wigwe: Biography, Career, And More | Fab.ng

He generously shared his success through various charitable efforts. This included supporting organisations like the How Foundation, which fights malaria by providing free treatment and prevention for children and pregnant mothers. He also believed in education as a powerful tool for change, and so he backed the Slum2School initiative, which works hard to bring quality education to children living in disadvantaged communities.

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Herbert Wigwe was a believer in the power women held. He saw how important they were to building a strong society, so he became a strong champion for initiatives that helped them thrive. One way he did this was through the W Initiative, a programme from Access Bank. It wasn’t just money; they offered all sorts of support, like training and advice, to help women succeed in their businesses.

Wigwe also cared deeply about nurturing talent and creativity. He started the Access Bank Art X Prize. This program helped young Nigerian artists get their work seen and appreciated, giving them a chance to shine. Wigwe believed in making a real difference in the world.

In the end, Herbert Wigwe wasn’t just a successful leader; he put his money and support behind things like education, healthcare, and protecting the environment. He wanted to build a future where everyone had a chance to reach their full potential, and he worked hard to make that happen. His dedication to social responsibility continues to inspire us to make the world a brighter, more equitable place.

Family and Personal Life

Herbert Wigwe: Biography, Career, And More | Fab.ng

Herbert Wigwe was also a family man. He and his wife, Chizoba, a lawyer and entrepreneur, built a beautiful family with their four children: Chizi, Tochi, Hannah, and David. Wigwe loved spending time with his children, making every moment count.

Faith was deeply important to Wigwe, who was a strong Christian and an active member of his church, the Redeemed Christian Church of God (RCCG). He wasn’t just a regular churchgoer; he was a pastor and mentor, using his faith to guide and inspire others.

Wigwe had a bunch of other interests that kept him busy. He loved reading all sorts of books—history, biographies, leadership guides, even spiritual stuff—always looking to learn and grow. He also enjoyed sports, especially football (a loyal Arsenal fan), golf, and tennis, never missing a chance to cheer on the Nigerian national team.

With hundreds of thousands following him, he shared not just achievements but glimpses into his life. We saw photos of him beaming with pride alongside his family, exploring new places, and indulging in his favourite hobbies. Through his online presence, he was connecting, offering wisdom like a kind mentor, and sparking conversations with people from all walks of life. His impact stretched far beyond his inner circle, leaving behind a legacy of inspiration.

Net Worth

Herbert Wigwe has amassed a considerable amount of wealth through his banking and investment ventures. Although his net worth is not publicly disclosed, it is believed to be around $65.2 million, making him one of the wealthiest bankers in Africa. His financial success has established his prominence and respect within the financial industry, cementing his reputation as an influential figure.

Check here for more updates.

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The Styrofoam Ban: What Is Your Take?

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What Is Your Take On The Styrofoam Ban | Fab.ng

On January 21, 2024, Tokunbo Wahab, a lawyer and Commissioner of the Ministry of Environment and Water Resources, Lagos State, made a tweet announcing the ban on Styrofoam. According to him, styrofoam plastics are a menace to the environment, hence the ban.

It is a great development. In fact, a good number of people commended the development.

One thing to note about this new development is its hasty implementation. It doesn’t seem like there was enough publicity for the development so that people and businesses could prepare beforehand. It’s safe to say that the government woke up in the middle of the night and whipped up a policy without thinking of the consequences for the citizens of Lagos.

What Is Your Take On The Styrofoam Ban | Fab.ng

credit: punch

This is not to dispute the damaging effect of styrofoam plastics on the ecosystem and the health of humans. They not only end up in gutters, water bodies, and landfills, but they are also non-biodegradable and end up staying in the places where they’re dumped because they cannot be decomposed. They’re also very dangerous to use to package edibles.

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But bans should be implemented in phases. As a country operating democratically, decisions should not be made hastily without consideration. There should also be alternatives to help people adjust. The government could step in by subsidising safer food packaging options to encourage people to shift from styrofoam plastics. They could also encourage people to return styrofoam from landfills or dumpsites to government centres in exchange for incentives. Humans are part of the ecosystem, and if the government is looking out for the ecosystem, a huge part of that is putting citizens into consideration when making policies.

A good number of people agree with my stance.

What is your take on the Styrofoam ban in Lagos?

Check out more news updates here.

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