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Labour Ministry To Partner Anti-Graft Agencies To Combat Corruption

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Labour Ministry To Partner Anti-Graft Agencies To Combat Corruption

The Ministry of Labour and Employment says it will partner with the Independent Corrupt Practices and other related offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to combat corruption.

Mr Bolaji Adebiyi, the Permanent Secretary of the ministry said this at the Advocacy and Awareness Creation on Anti-corruption programme and Transparency Monitoring Unit (ACTU) of the ministry on Tuesday in Abuja.

He said the gathering was particularly to sensitise members of staff on anti-corruption and transparency in line with the present administration’s crusade.

According to him, it is imperative that the ministry partners and collaborate with ICPC and EFFC respectively in combating corruption.

“The government’s crusade of national rebirth and social regeneration was necessitated by the need to urgently correct the damage done to the image of Ministries, Departments and Agencies (MDAs) over the years.

“Fortunately, this administration has successfully diagnosed the bane and has provided the required legal frame work to combat corruption at all levels in the MDAs.

“This is aimed at bringing about a new social economic and political order, as it has been established that one of the most difficult things to change is culture,’’ he said.

According to him, it is also important for the psyche of members of staff to be dealt with through advocacy and awareness creation programme.

Adebiyi urged the staff to always be mindful of the danger that corruption poses to the development of the country.

Earlier, Mr Abdulrahman Ibrahim, the Chairman, ACTU said the present administration was making a lot of effort to fight corruption.

“The passage and establishment of Corrupt Practices and Other Related Offenses Act by previous regimes underscores the seriousness of government in the fight against corruption in the ministry and the country.

“Mr President is not relenting in his efforts because he sees corruption as a virus that threatens the very fabric of our society.

“It is endangering the present and future of the staff and our children. It must therefore be of concern to every individual, institutions, MDAs, and others,’’ he said.

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EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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