NEWS
Union Bank Advocates for Environmental Restoration; Commemorates World Environment Day
Lagos, Nigeria—Union Bank, one of Nigeria’s foremost financial institutions, has reemphasised the need to preserve and restore the global habitat through sustainable environmental practices. This clarion call was made during an event organised in partnership with the Nigerian Conservation Foundation to commemorate this year’s World Environment Day.
The program, held on June 5th, 2024, at the Lekki Conservation Centre in Lagos State, brought together various stakeholders, including environmental rights activists, international partner agencies, corporate institutions, government agencies, and students of select secondary schools, to deliberate and engage in activities marking World Environment Day.
One of the main events on the day was a tree-planting exercise involving various participants and stakeholder representatives. The tree-planting activity was in keeping with this year’s celebration theme, “Land Restoration, Desertification, and Drought Resilience,” advocating for the rejuvenation and revitalisation of land devastated by deforestation, erosion, and desertification globally and in Nigeria in particular.
Speaking during the program, Patricia Iwhewhe, Head of Citizenship and Sustainability at Union Bank, echoed the importance of preserving our environment. According to her:
“Land degradation and erosion are not things stakeholders and policymakers can afford to ignore or gloss over. We all must get involved in helping restore and reclaim parts of our environment badly impacted by deforestation and desertification. Union Bank, as a sustainability champion committed to the preservation of our dear planet, appreciates and recognises the responsibility we have as humanity to look after our environment. We will continue to support and participate in programs dedicated to protecting and enriching our precious habitat”.
Stakeholders like the Nigerian Conservation Foundation (NCF) have also been invaluable partners in progress and are at the forefront of helping to preserve and protect nature and its resources. This has served to not only improve the quality of human life but also to sustain present and future generations. NCF’s advocacy over the decades has positively impacted and influenced Nigeria’s environmental policy. Union Bank will continue to be a dependable ally in supporting this noble cause of environmental preservation.
Union Bank, through its diverse range of projects and interventions, has demonstrated its unwavering commitment to bequeathing a safer, healthier, and more sustainable environment. The bank’s tangible contributions serve as a beacon of hope, inspiring a brighter and more sustainable future for all.
About Union Bank Plc.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria.
The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.
More information can be found at: www.unionbankng.com
Media Enquiries: mediarelations@unionbankng.com
NEWS
South African Investment Banker Richard Simanga Ngwenya Arrested in Alleged Fraud Investigation.
Richard Simanga Ngwenya, a South African-based investment banker and Zimbabwean businessman known for showcasing an extravagant luxury lifestyle on social media, has been arrested in connection with an alleged fraud investigation, according to documents circulating online.The documents, which have attracted widespread attention across digital platforms, identify Ngwenya as a suspect in a case registered in Sandton and reference a South African Police Service (SAPS) case number linked to the ongoing investigation.The arrest comes just weeks after Ngwenya dominated headlines over reports that he gifted his girlfriend a luxury Bentley, a gesture that fueled conversations about his lavish spending and elevated his profile across Zimbabwean and South African social media.The latest development has shifted public attention dramatically, with social media users revisiting videos and photographs highlighting his collection of luxury vehicles, designer fashion and high-end lifestyle. Online discussions have intensified, with many questioning the source of his wealth. However, no court has made any findings regarding those claims, and the allegations remain subject to legal proceedings.Ngwenya built a significant online following through displays of wealth that frequently went viral, positioning him among the region’s most talked-about young businessmen. His social media presence often featured luxury automobiles, premium real estate, international travel and extravagant gifts.The alleged fraud investigation now places the businessman under legal scrutiny, with observers closely monitoring developments as the matter progresses through South Africa’s criminal justice system.Authorities have yet to publicly disclose the full details of the allegations or the value of the alleged fraud under investigation. Further information is expected to emerge as legal proceedings continue.As of the time of publication, Ngwenya has not publicly commented on the allegations, and no plea or court finding has been reported.
NEWS
Governor Dauda Lawal Distributes 50 Subsidised Buses, Commissions Fire Trucks for Swift Emergency Response
Zamfara State Governor, Dauda Lawal P.hD has rolled out a major public welfare intervention distributing 50 subsidised buses to the National Union of Road Transport Workers (NURTW) and commissioning five modern fire trucks, in a move aimed at tackling transportation hurdles and strengthening emergency response across the state. The official handover ceremony took place on Wednesday at the Government House in Gusau, drawing leaders from the transport union, fire service officials and top government functionaries.
According to Governor Lawal, the buses are being provided under the Zamfara State Loan Scheme, a structured financing programme designed to promote economic empowerment while ensuring sustainability through cost recovery. Each bus was procured at ₦27,390,000, but the state government is absorbing 20% of that cost – amounting to ₦5,478,000 per vehicle – as a direct subsidy to ease the financial burden on beneficiaries.This means each NURTW member will repay ₦21,912,000 over a 44-month period, with repayment commencing from the date of vehicle allocation.
Crucially, the NURTW has entered into a partnership with the government to oversee the entire process, with the union responsible for identifying eligible members, supervising the use of the vehicles and ensuring strict compliance with the repayment schedule, a collaborative approach intended to minimise defaults and guarantee the scheme’s longevity.
In a parallel development, the Governor also commissioned five state-of-the-art fire trucks to reinforce the Zamfara State Fire Service, with the trucks equipped to modern standards and expected to significantly shorten response times during emergencies. Governor Lawal underscored the urgency of the investment, noting that fire outbreaks remain a persistent threat to lives and property in the state. “We are aware that fire outbreaks can destroy homes, shops and livelihoods in seconds,” he said. “These new fire trucks, equipped with modern standards, will strengthen the state fire service’s capacity to respond faster across all nooks and crannies of the State.”
He charged the Fire Service leadership to complement the equipment with rigorous personnel training, regular public fire-safety sensitisation campaigns and consistent maintenance to keep the trucks in optimal condition at all times. The Governor made it clear that all assets distributed belong to the people of Zamfara and must be treated with utmost care, directing all benefiting Ministries, Departments and Agencies, as well as individual beneficiaries, to submit quarterly maintenance and utilisation reports to their respective oversight offices.
He further issued a stern warning against any form of abuse, declaring that “vandalism, misuse or diversion will not be tolerated,” signalling the administration’s commitment to transparency and responsible asset management.
Governor Lawal framed the initiative as part of his broader agenda to uplift the state’s transportation sector, create economic opportunities for transport workers, and enhance public safety. By subsidising the buses, the government aims to ease the cost of commuting for residents while providing a sustainable livelihood for NURTW members, while the fire trucks are expected to reduce the devastation caused by infernos in both urban and rural communities. The combined investment reflects a multi-pronged strategy to address critical infrastructure gaps while fostering accountability and community partnership.
With the handover complete, the NURTW is expected to begin allocating the buses to qualified members in the coming days, while the Fire Service will deploy the new trucks across strategic locations in the state. The government has pledged to monitor progress closely through the quarterly reporting mechanism, with defaulters or abusers facing appropriate sanctions. This development marks one of the largest single interventions in the transport and emergency services sectors under Governor Lawal’s administration and stakeholders are watching closely to see how the scheme translates into tangible improvements for ordinary Zamfara residents.
NEWS
Minister backtracks, says Adire not approved for NYSC
The Minister of Youth Development, Ayodele Olawande, on Thursday, clarified that the Federal Government had yet to approve Adire as the new uniform for members of the National Youth Service Corps, hours after his comments on the proposed change generated widespread reactions.
In a statement published on his official X handle, Olawande said reports suggesting that Adire had been adopted to replace the iconic khaki uniform misrepresented his remarks during an appearance on Channels Television’s The Morning Brief.
The minister explained that while he mentioned Adire and Ankara during the interview, they were only examples of proposals being considered as part of the ongoing reform of the scheme, adding that “No final decision has been taken on the fabric or design.”
“My intention was simply to cite examples of some of the proposals that have been put forward in the course of our consultations. It was not an announcement that any particular fabric has been adopted or approved to replace the current NYSC uniform,” he stated.
According to Olawande, the government is considering options that “tick all the right boxes in terms of professional outlook, a unique national identity, durability, functionality, cost-effectiveness, and the projection of national pride.”
He said any eventual decision would be guided by extensive stakeholder consultations and what best serves the interests of the NYSC and the country.
The minister also urged Nigerians not to allow the debate over the proposed uniform to overshadow the broader objectives of the ongoing reforms.
“The reforms are designed to make the Scheme more relevant to today’s realities by improving employability, promoting entrepreneurship, strengthening national integration, enhancing service delivery, and creating a smoother transition from education to productive careers.
“While conversations around the uniform are understandable, they should not overshadow the far-reaching reforms aimed at empowering millions of Nigerian youths and positioning the NYSC as a stronger platform for national development,” he said.
The PUNCH had earlier reported that the Federal Government planned to replace the NYSC’s traditional khaki uniform with locally produced Adire as part of sweeping reforms approved for the 53-year-old scheme.
Speaking on Channels Television, Olawande had said, “It’s Adire,” explaining that the move was intended to promote local textile production and keep government spending within the Nigerian economy.
The proposed uniform change formed part of the comprehensive overhaul of the NYSC approved by the Federal Executive Council on Monday, which also includes skills-based deployment of corps members, civilian operational leadership for the scheme and amendments to the NYSC Act
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