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EDUCATION: Senate Moves To Scrap Post-UTME

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Senate Moves To Scrap Post-UTME

THE Senate had begun moves to scrap the post Unified Matriculation Examination, UME as it yesterday mandated its committee on Tertiary Education to meet with relevant stakeholders, especially the Joint Admission and Matriculation Board (JAMB) and come up with recommendations on how to achieve the set goal.

According to the Senate, the move has become imperative because the introduction of the post – UME examination has to a large extent failed to remedy the problems associated with the JAMB, adding that its continued existence has posed more challenges for the Nigeria educational system.

The Senate has also called for the development of a strategy that would ensure the efficiency and integrity in the conduct of JAMB examination.

The resolutions of the Senate Tuesday followed a motion by Senator Umaru l. Kurfi, APC, Katsina Central and entitled, “The Need to revisit the regulatory conflict between Joint Admission and Matriculation Board (JAMB) Universities in offering admission in Nigeria.”

In his presentation of the motion, Senator Umaru l. Kurfi said that “The Senate: Notes that the Joint Admission Matriculation Board (JAMB) was established in 1976 and saddled with the responsibility of streamlining and co- ordinating admission practice as well as determining who is admitted into universities and other tertiary educational institutions in Nigeria;

“Further notes that that the Nigerian Universities Commission (NUC) is the Federal umbrella organization which oversees the administration of University education in Nigaria, and prior to 2005 , the truly criteria needed for candidates seeking admission into tertiary institutions was for such candidate to have minimum admission requirement and possess a certain score at his or her JAMB examination.

“Aware that the laudable objectives of JAMB began to suffer progressive denudation shortly after its inception as some universities admitted students outside the list sent by JAMB and rejecting candidates with admission letters from JAMB on the ground that they had to comply with their own internal quota and catchment calculation, coupled with the issue of malpractices that plagued JAMB examinations.

“Further aware as scores of successful JAMB candidates turned out ill equipped for university education, the Federal Government, in 2005, under the leadership of President Olusegun Obasanjo , introduced the policy of Post-UME screening by Universities which made it compulsory for tertiary institutions to screen candidates after JAMB results and before offering admission;

“Worried that while this new development was aimed at addressing the problem of student quality, it reintroduced and entrenched many of the problems it sought to eliminate through JAMB;

“Cognizance that while the executives introduced the Post-UME policy as a remedy to the decay in educational standard in higher institutions of learning, there have been public outcry of extortion from candidates despite the rigorous test they pass through at JAMB;

“Disturbed that as the integrity of the post -UME examination is open to question as the pecuniary motive of the respective institutions comes so visibly to the fore that there is little pretence about maximizing the income flows through these internal examinations;

“Regrets that the introduction of the post – UME examination has to a large extent failed to remedy the problems associated with the JAMB and as such, its continued existence has posed more challenges for the Nigeria educational system.”

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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