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LAPO Microfinance Bank Highlights 10 Verifiable Facts, Advocates Against Fake News Peddlers

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LAPO MfB Embarks on Brand Identity Refresh

Olushola Okunlade Writes

The Lift Above Poverty Organisation (LAPO) Microfinance Bank has highlighted ten (10) facts about the organization.

The bank has disbursed over N1 trillion loan as support to Micro, Small, and Medium Enterprises (MSMEs) in Nigeria within the last year and the first quarter of 2022.

The financial institution frowned at the way fake news fly around the country and its negative effect on businesses, economy and human state of mind “It is very important for us to interrogate the motives of the purveyors of fake news. “Fake news poses a real threat not just to the economy, but to the very existence of our country.

In July 2018, there was a national campaign against fake news. This campaign took the government to many media houses across the country. International platforms and social media platforms also supported the government. But yet, fake news has refused to die.” The big question is WHY?

The initiative of tackling the menace of fake news seeks to engage with teaching, practicing, and researching journalism institutions from a global perspective, including sharing international good practices.

The bank identifies fake news or disinformation as deliberate (often orchestrated) attempts to confuse or manipulate people by delivering dishonest information to them. This is often combined with parallel and intersecting communications strategies and a suite of other tactics like hacking or compromising of persons. Misinformation is generally used to refer to misleading information created or disseminated without manipulative or malicious intent. Both are problems for society, but disinformation is particularly dangerous because it is frequently organized, well resourced, and reinforced by automated technology.

LAPO Microfinance Bank stated that fake news has been the bane of social media for a long time now. It has been used to malign (or give undue credit) public officials or celebrities and cause confusion and panic. The harm of fake news is highlighted amid the COVID-19 pandemic where a single piece of unverified information can cause disaster. For instance, fake news of, let’s say, a looming food shortage can realistically lead a massive crowd to flock to groceries and markets when people should be under strict quarantine. Worst, spreading false news that someone is afflicted with the dreaded COVID-19 virus is most unkind and unfair. It exposes the poor victim to harassment, ostracism, isolation, and all other undeserved and untold suffering. If you think this is not happening, think again. I have received various text messages asking me if this person and that individual caught the virus. My reaction, albeit only to myself, how the hell will I know? Are we not all on lockdown?

“It makes you wonder what drives fake news peddlers to do such inhuman, reckless and irresponsible behavior. Well, for the fake news peddlers, let me say it is not only an offense against truth and justice, it is a criminal offense.”

Judicial Congress had this in mind when they included at the last minute a provision punishing peddling of fake news in Republic Act (RA) 11469, or the Bayanihan to Heal as One Act, which was signed into law last 24 March 2020.

Section 6, paragraph (f) of RA 11469 punishes “individuals or groups creating, perpetuating, or spreading false information regarding any crisis on social media and other platforms, such information having no valid or beneficial effect on the population, and are clearly geared to promote chaos, panic, anarchy, fear, or confusion; and those participating in cyber incidents that make use or take advantage of the current crisis situation to prey on the public through scams, phishing, fraudulent emails, or other similar acts.” Those caught violating said provision may face imprisonment of two months, or a fine ranging from P10,000 to P1,000,000 or both.

Professor Wole Soyinka, Nigeria’s only Nobel Laureate, recently says those who spread fake news are cowards and may need psychiatric evaluation.

10 VERIFIABLE FACTS ABOUT LAPO MICROFINANCE BANK https://www.youtube.com/embed/6JstCMrft_4?feature=oembed

Accordingly, revisiting journalism ethics seeks to serve as an internationally-relevant model curriculum, open to adoption or adaptation, which responds to the emerging global problem of disinformation that confronts societies in general, and journalism in particular. It avoids assuming that the term ‘fake news’ has a straightforward or commonly understood meaning. This is because ‘news’ means verifiable information in the public interest, and information that does not meet these standards does not deserve the label of news.

In this sense then, ‘fake news is an oxymoron that lends itself to undermining the credibility of information which does indeed meet the threshold of verifiability and public interest – i.e. real news. To better understand the cases involving exploitative manipulation of the language and conventions of news genres, this publication treats these acts of fraud for what they are – as a particular category of phony information within increasingly diverse forms of disinformation, including in entertainment formats like visual memes.

In reaction to this, LAPO Microfinance Bank has released 10 verifiable facts some people don’t know about the financial Institution.

  • Get To Know 10 Verifiable Facts About LAPO Microfinance Bank:
  • Disbursed over 1 trillion (still disbursing) to members of low-income households & owners of MSME;
  • Provide gainful employment to over 7000 Nigerian youths;
  • Over 500 branches across 34 states including the FCT to ensure we reach the unbanked poor;
  • Over 3000 clients’ children have benefitted from our scholarship scheme;
  • Over 1000 youths have benefitted from our skills acquisition programs;
  • Recognized as the MfB with the highest disbursement to women and youths in Nigeria- Development Bank of Nigeria (DBN)- 2021;
  • Most Supportive Financial Institution to Farmers – Central Bank of Nigeria (CBN) Agricultural Credit  Guarantee Scheme Funds ( ACGSF) 2021;
  • Over 60 responsive products to serve our overgrowing 6million happy Clients in Nigeria;
  • Microfinance Bank of the year 2021  (7th Consecutive time) in the Businessday Banks and Other Financial Institutions (BAFI) awards ;
  • Over 5million clients have benefited from our health advocacy programs and partnerships.

Verified! Insert the link of testimonials here.

Stop peddling fake news about LAPO Microfinance Bank!

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

…Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills, and information to thrive and succeed in the world of work – Uwadoka

Olushola Okunlade Writes 

Alliance for Youth Nigeria equips youth across the country for employment

Over 200 fresh graduates across Nigeria have received employability skills training facilitated by the Alliance for Youth Nigeria. The training comprised Building Winning Resumes, Career Positioning, Personal Brand Marketing, Personal Effectiveness, Time
Management, and Starting the Career Journey among others.

In addition, the best performers will benefit from internship and mentoring opportunities in the six companies that form part of the Alliance. At the end of the training, some participants of the training also had the unique opportunity of partaking in job interviews and placements, progressing on their career journeys.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Left-Right: Mrs. Omomene Odike, CEO, U-Connect Human Resources Limited Edidiong Peters, Public Affairs Specialist, Nestlé Nigeria PLC Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC; Second Row Left-Right: Oyinlola Lawal, Youth Engagement Analyst, Jobberman Nigeria Damilola Odubanjo, Learning, and Development Associate, Jobberman Nigeria Olugbenga Alabi, Category and Marketing Manager, Coffee, Nestlé Nigeria PLC Uche Aso, Head, Learning and Development, U-Connect Human Resources Limited Lanre Coleman, Head, Recruitment and Outsourcing, U-Connect Human Resources Limited.
Alliance For Youth Nigeria Equips Youth Across The Country For Employment

Launched in August 2021, the Alliance is a business-driven movement of organizations passionate about working together to help young people around the country get the necessary skills to thrive in the world of work. Members of the Alliance for Youth Nigeria include Nestlé Nigeria, Jobberman Nigeria, Sterling One Foundation, Big Bottling Company, the United Nations Global Compact Network Nigeria, and U-Connect HR Limited, with Lagos State Employment Trust Fund and Activate Success International as partner organizations.

The member and partner organizations have positioned themselves to invest in joint and individual projects to give young Nigerians meaningful work experience, internships, readiness-for-work training, and mentoring opportunities in line with the United Nations Sustainable Development Goal 8 – to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all by 2030.

The employability skills training is one of the projects of the Alliance designed to meet the target of reaching more than 250,000 young Nigerians with employability and entrepreneurial skills to enable them to secure gainful employment or set up businesses of their own within 3 years. This objective, which was announced during the launch of the Alliance, is in line with their commitment to work together to address the challenges of youth unemployment in the country with the associated social and economic impact.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Tosin Babasanya-Craig, Country Manager, Performance Fact Inc. facilitating one of the Alliance for Youth Nigeria sessions to equip youth across the country for employment.

Speaking at the opening session of the training, Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC said, “I am delighted that yet again, the Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills and information to thrive and succeed in the world of work. At Nestlé, we believe that society cannot thrive if we fail to offer a future for the young generations. The Alliance will continue to work together with other stakeholders in line with the United Nations Sustainable Development Goal 8 in fulfilling the huge target we
have committed to and I encourage young people around the country to take advantage of the available opportunities”.

Also speaking at the training, Mrs. Omomene Odike, CEO U-Connect Human Resources Limited, congratulated the youth for their interest and dedication to achieving their career and business goals demonstrated by their participation in the training. She further highlighted the value-adding opportunity of job interviews and placements provided by her organization for participants of the training, urging them to take maximum advantage of the offer.

According to Innih Ikhide, Youth Engagement, and Learning Manager Jobberman Nigeria, “Jobberman is dedicated to creating increased pathways for young people to access dignified livelihoods for a better Nigeria”.

For Naomi Nwokolo, Executive Director, United Nations Global Compact Network Nigeria, “The active engagement of youth in sustainable development efforts is central to achieving sustainable, inclusive, and stable societies by the year 2030, and averting the worst threats and challenges to sustainable development, including the impacts of unemployment. The beneficiaries of the training have shown a willingness to improve their skills and attain professional development and are now more equipped for successful participation in job recruitment processes”.

On behalf of other participants, Adasa Okandiji, commended the member companies for the excellent upskilling platform provided to equip and better position young Nigerians for a productive career, now and in the future. She expressed her readiness and that of other participants, to fully utilize the value-adding information obtained in creating their desired future. She also called on youth across the country to be deliberate about seeking out and taking advantage of existing opportunities, particularly that provided by the Alliance.

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FBNHoldings Wins “Best Performing Stock And Best Stakeholders’ Communications Of The Year” At NIVA Awards 2022

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

…FBNHoldings Plc Wins NIVA Awards

Olushola Okunlade Writes

FBNHoldings Plc has won two awards, Best Performing Stock and Best Stakeholders’ Communications of the Year at the 2022 Nigerian Investor Value Awards (“NIVA”) which was held at Lagos Continental Hotel, Lagos last Saturday, May 14th, 2022.

According to the organizers, “Best Performing Stock and Best Stakeholders’ Communications of the Year Award” was conferred on FBN Holdings Plc for proven the resilience of its business model, and recovery capacity across all verticals it participates in, and strategic opportunism in new growth areas.

This award is in recognition of the indelible contributions of FBNHoldings Plc and its subsidiaries to the economic growth of Nigeria, throughout its 128 years of existence; representing all that is enviable about the financial services industry in Nigeria, reinventing itself to transform into a digital bank with sprawling footprints across the country and Africa.

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

FBN Holdings Plc has been providing exceptional services to its customers, bringing mainstream banking to Nigeria’s 774 LGAs. Through its Agent Banking Platform, they empower people and transform lives. Its shareholders remain key to its success story and every day it strives to deliver quality returns on its investment whilst strengthening the fundamentals of the business through smart investment in technology, our people, and process. As a business, it also prioritizes Nigeria’s Economic, Social, and Governance practices to ensure the sustainability of the environment.”

The company has won many awards for its portfolio.

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Photo News: LIRS Meets FMCG, Gaming, And Multi-Level Marketing Sector On Deduction Of Withholding Tax On Commission

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Photo News: LIRS Meets FMCG, Gaming and Multi-level Marketing Sector on Deduction of Withholding Tax on Commission

Photo News: LIRS Meets FMCG, Gaming, and Multi-level Marketing Sector on Deduction of Withholding Tax on Commission

Olushola Okunlade Writes

Left-Right: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade during a meeting on Deduction of Withholding Tax on Commission with Stakeholders within the FMCG, Gaming and Multi-level Marketing Sector held at Protea Hotel, Alausa, Ikeja on May 12, 2022.

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