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EFCC Declares Ex-Societe Generale Bank Director, Izuagbe Wanted Over N3.6bn Fraud





Kennedy Izuagbe, a former director of Societe Generale Bank of Nigeria Plc, has been declared wanted by the Economic and Financial Crimes Commission (EFCC). Izuagbe is wanted over allegations of N3.6bn fraud.



Kennedy Izuagbe,  Carlisle Properties and Investment Limited

Kennedy Izuagbe, Carlisle Properties and Investment Limited


The 45-year-old  managing director of Carlisle Properties and Investment Limited, who is being investigated in a case of conspiracy and money laundering to the tune of over N3.6 billion, has reportedly disappeared as all efforts to reach him have come to nil.

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Izuagbe, is linked to the several shady deals and gross financial misconducts that took place in the bank, in which several millions of naira were granted as loan without due diligence. He is a native of Iviukhua village, near Agenebode, Etsako East Local Government Area of Edo State.

The EFCC enjoins members of the public with information on the whereabouts of Izuagbe to contact any of its offices in Lagos, Abuja, Port Harcourt, Enugu, Gombe and Kano, or the nearest police station.

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Africa’s Development Agenda Must Prioritise Job Creation, Inclusive Growth and Gender Diversity for Peace and Stability on the Continent”, Tony Elumelu Says at Dakar Forum



L-R: Pierre Buyoya, former President of Burundi and representative of the African Union; H.E. Mohamed Ould Ghazouani, President of Mauritania; H.E. Macky Sall, President of Senegal, Florence Parly, Minister of Defence, France and Tony. O. Elumelu C.O.N, Founder, Tony Elumelu Foundation and Chairman, United Bank for Africa Group (UBA); at a high-level panel on Peace and Security in Africa at the Dakar International Forum on November 18, 2019

Tony. O. Elumelu C.O.N, Founder, Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa Group (UBA) proposed job creation for the youth, inclusive growth, and gender diversity as priority areas for Africa’s development agenda to achieve peace and stability on the continent.

He said this while speaking on a high-level panel with His Excellences Macky Sall, President of Senegal, and Mohamed Ould Ghazouani, President of Mauritania. Other speakers on the panel include Florence Parly, Defence Minister of France; and Pierre Buyoya former President of Burundi and representative of the African Union.

L-R: Pierre Buyoya, former President of Burundi and representative of the African Union; H.E. Mohamed Ould Ghazouani, President of Mauritania; H.E. Macky Sall, President of Senegal, Florence Parly, Minister of Defence, France and Tony. O. Elumelu C.O.N, Founder, Tony Elumelu Foundation and Chairman, United Bank for Africa Group (UBA); at a high-level panel on Peace and Security in Africa at the Dakar International Forum on November 18, 2019.

Mr. Elumelu stressed the urgency in tackling poverty, the root cause of extremism in Africa. He said: “We know, and we say, that poverty anywhere is a threat to mankind everywhere. What manifests itself in what we call security breakdown or terrorism, or extremism is actually deeply rooted in poverty, in joblessness So with due respect, we can have 101 seminars like this but unless and until we begin to address these issues of poverty, joblessness amongst our young ones, they will continue to allow themselves to be brainwashed by people who see no future, and they will continue to engage in extremism.”

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He emphasised that while it is no doubt important to discuss weaponry, and other means to deal with insurgency, a lasting peace can only be attained in the long run by investing in our young people across Africa.

H.E. Macky Sall acquiesced to the need for the public sector to collaborate with the private sector to tackle poverty on the continent. He said: “Addressing the threats cannot be done on a standalone basis due to the fact that the challenges know no borders”. He called for a more collaborative approach to alleviate violence and extremism to boost investments in Africa.

Mr. Elumelu cited the impact of the Tony Elumelu Foundation’s $100 million Entrepreneurship Programme as one of the practical ways the private sector in Africa can intervene to bring about peace and stability on the continent. Speaking further, he referenced the partnership between the United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) to empower 100,000 young Africans in 10 years with a focus on the Sahel region for its first year. Also mentioning TEF partnerships with other international development agencies such as GIZ and ICRC, Mr. Elumelu reiterated that only “activities and interventions like this will help to bring economic hope to people in this part of the world and they will become less involved in extremism. We support these young ones and we are beginning to see how their successes are translated into better and more secure communities”.

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Mr. Elumelu pointed out that businesses cannot flourish where there is extremism and people are afraid for their lives. It will be even harder to attract the global private capital needed for large infrastructure projects and long-term investments which can help to fix our economy.

Mr. Elumelu ended his session on an optimistic note, calling on all stakeholders to collaborate to win the war on poverty and insecurity. “There is a lot we all can do – the private sector, government, and development partners – in making sure that we focus on winning the war on terrorism; that we make sure we stem the migration of our young people crossing the Mediterranean through harsh conditions, in search of hope, when indeed we have more opportunities and resources in our continent. We need to work together to ensure that extremism is totally annihilated in Africa. It is possible but we need to work together to achieve this.”

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Nigeria’s best artisans descend on Lagos for Africa’s biggest skills festival



skills festival
iCreate Africa, organiser of the iCreate Africa Skills Festival, has said Nigeria’s best artisans will converge on Lagos from December 4 -5 to compete for laurels at the grand finale of the festival following the conclusion of the regional finals in Kaduna and Enugu.

The festival which is the biggest of its kind in Africa is in its second edition. Sponsored by Sterling Bank Plc, from inception, the festival also enjoys support from Bosch Nigeria Limited, GIZ, Trace TV, Siemens, Lagos State Employment Trust Fund (LSETF), and Universal Learn Direct Academia Limited (ULDA), among others.

Speaking at a press conference in Lagos recently, Chief Client Engagement Officer of Sterling Bank, Mr. Moronfolu Fasinro, said the bank is partnering with iCreate Africa to boost acquisition of technical skills because it is committed to solving the unemployment challenge among young people on the African continent.

He said the way to resolve the unemployment challenge going forward is through skills acquisition by young men and women rather than focusing on white-collar jobs, adding that "We know that youth employment is a key part of creating a society that is harmonious and productive."

Fasinro noted that vocational jobs are what move an economy in its day-to-day operations and Icreate was bringing various people together to work on how to change the narrative about the labour market.

“We are very happy to partner with iCreate to produce this sort of opportunity so that these people could change the face of employment on the continent in the future,” Fasinro said.

Also speaking, Chief Marketing Officer of Sterling Bank, Mr. Dapo Martins, said Nigeria needs to also focus on the export of skills instead of concentrating on the export of crude oil and agricultural products alone. He noted that most Nigerian graduates who travel abroad either find themselves washing plates in restaurants or doing other menial jobs.

He lamented the situation whereby skilled technicians are usually shipped in from outside the country because they are not available locally. 

Also speaking, Founder and Chief Executive Officer (CEO) of iCreate Africa Skills Festival, Mr. Bright Jaja, explained that it was clear to him at the beginning of the journey that the idea of the festival was different and unique, and would probably not make sense to a lot of people.

"But we were consistent because we understood the concept and background. Having done a thorough research on the employment situation in Nigeria, we realised that the only solution to the challenge was to rebrand jobs away from the existing perception and notion that if one is not a medical doctor, lawyer or an engineer, he has failed," he said.

Jaja noted that over time a lot of young people had to go through tertiary education under stress and depression even though they knew that the courses they were studying were not what they wanted or had interest to pursue.

The Founder/CEO said the objective of iCreate was to create five million jobs in five years by empowering about one million people who would, in turn, employ at least five people in their businesses.

He said the strategy is to rebrand the way society perceives vocational skills and get young people to be interested or attracted to what they have passion for in the overall interest of the economy.

Retail Marketing Manager of Bosch Nigeria Limited, Mr. Samson Ajayi, said the iCreate Skills Festival was pivotal to the company because it addressed a lot of structural issues in the Nigerian economy, adding that as an engineering company that makes mechanical parts, the festival provided a unique avenue for the company to contribute its quota to the Nigerian economy.

Also commenting, President of Universal Learn Direct Academia Limited (ULDA), Engineer Olawumi Gasper, said the company was very happy to work with iCreate and congratulated Mr. Jaja for inspiring young Nigerians to develop passion for skills acquisition.

The press conference was attended by other stakeholders including Trace TV, Fashion Academy, House of Tara, and Lagos State Employment Trust Fund (LSETF).
The iCreate Skills Festival is a platform that promotes skills excellence, showcases skills standards and careers, demonstrates benchmarks of excellence in teaching and learning and creates interest in public sector agencies and private organisations to invest in skills development.

The 10 winners from the first edition represented Nigeria in Russia in 2019. They include Otareh Alvin who won in the cooking category, Nejo Tolulope (graphics), Silas Adedoyin (web design), Patrick Obafemi (app development), Barnabas Kudi (robotics), Afolabi Caleb Kayode (art), Ms. Malissa Onojo (tailoring), Yusuf Abdullahi (barbing), Kingsley Ihejirika (hair dressing), Ms. Faiza Usman Adamu (make-up), Joshua Olalekan (carpentry), Oladoja Peter (tiling), Kumshuan Talgang (plumbing) and Prince Isitua (bricklaying).
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ILR Biz: Multi-Solution Business Application Launches In Nigeria




International Labour Reward (ILR), a company with a vested interest in Agriculture, Real Estate, Engineering Services, Telecommunication among others has launched a multi-solution business application in the Nigerian market.

The application known as ILR Biz was launched at an event held at Excellence Hotel, Ikeja, Lagos on Saturday, November 16, amidst commendations form industry stakeholders and guests in attendance.

Speaking at the launch of the application, Group Managing Director of ILR, Michael Olufemi, described the application as a multi-faceted reward platform that provides services such as E-commerce, Recharge Services, Loan, Send Money, Investment, Agro-Mart, Hire Purchase, Real Estate and several others.


Michael Oluwafemi , the Group Managing Director, ILR Group of Companies

Olufemi also described the ILR Biz application as a global project being presented to the world to provide jobs for youths via the company through its vast interest in farm plantation, animal raising, all with the eventual aim of feeding its community by making food sell at a cheaper price for ILR members.

“ILR Biz is a multi-solution provider business hub with a seamless reward platform for registered members.


“Members are rewarded through three different ways namely Registration Bonus, Transaction Bonus and Company’s Incentive Bonus. The registration bonus package comes from your team up from 1st generation to 16th generations. On this package, members continue to earn a bonus on members registration from 1st generation up to 16th generations of your team. The transactional bonus on its part, allows members to earn a bonus from every transaction that occurs in the system irrespective of location or country of transaction. Members can also get a bonus from the company via the excellency reward. Through this package, members are rewarded by the company at different generations. This reward system is also known as an Incentive bonus. Members get rewarded via token, and presently the value of the ILR token is shocking. Currently, one ILR token is equal to one thousand Naira, and it will appreciate,” he said.

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Explaining the reward system of ILR, Olufemi said: “ILR Token is a means of reward. Since Nigeria has a claim to Naira, Americans Dollar, and Britons the Pound Sterling, the ILR token is our currency, and when it is in your online wallet, it can also be transferred into a bank account and cashed via an ATM. The token can also be used on our e-commerce platform,” he added.

Olufemi also spoke about the current promotions of the company. According to him, registered members can apply for the inaugural company’s promotion package that includes a car award worth N2m, an all-expense-paid trip to Dubai and a cash reward, adding that interested agents can apply for the company’s POS to become their agent banker. Distancing the ILR from multilevel marketing, he said that although the ILR concept might have a semblance of the multi-level marketing, it is totally different, adding that it was more of a reward platform.

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“For instance, if you do your cable recharge or any other services using most online platforms, you are likely to be charged N100.00, but on the ILR Biz application, you will definitely get to pay lesser, and the good thing is that you still get to be rewarded. Asides from rewards, you also get to enjoy a lot of privileges, that is what is unique about this application”
With a presence in some African countries and Nigerian states, ILR expansion is explosively employing a large group of Nigerian youths.

With over 50 agents and a staff base of the same number, ILR is the biggest deal presently, as members continue to join, and benefit from the reward system.

To join the ILR family, you will have to register and activate your account with N 3, 000 and earn for life. For more information:

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