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Facebook, Fate Foundation To Hold Bootcamps in Enugu, PH & Others

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In partnership with FATE Foundation, Facebook, is set to hold the 2018 edition of the Aspiring Entrepreneurs Digital Program, a free four-week bootcamp for select entrepreneurs in seven cities across Nigeria.

Participants will learn the fundamentals of digital marketing for business coupled with key entrepreneurship skills designed to improve their businesses.

As one of many high-profile partnerships by Facebook, the trainings are aimed at helping to develop and nurture communities, including small businesses, the tech and start-up ecosystem, youths and creatives in Nigeria.

Open to participants between the ages of 18-35 years, those selected, will be able to attend the program which will roll-out in seven cities in Nigeria:

Abuja: March 12 – April 6, 2018

Ibadan: April 16 – May 11, 2018

Port Harcourt: May 21 – June 15, 2018

Lagos: June 25 – July 20, 2018

Calabar: July 30 – August 24, 2018

Kaduna: September 3 – September 28, 2018

Enugu: October 8 – November 2, 2018

“At Facebook, our mission is clear: to give people the power to build communities and bring the world closer. With this initiative, we are shaping entrepreneurs and future business leaders to promote innovation, job readiness and digital literacy in order to ensure that we have a positive impact on Nigeria’s economy and society,” commented Facebook Public Policy Director, Africa, Ebele Okobi.

The program will be broken into streams which will run four times a week (Mondays to Thursdays) over a four-week period, in the form of practical workshops and learning sessions – all with a strong digital marketing component in the curriculum.

Lectures will cover Business Model Canvas, Business Plan Development, Budgeting, Financial Management and Financial Reporting, Marketing and Pricing Strategies, People Management, Raising Financing, Business Pitching, and Digital Marketing which includes using Facebook Business Tools.

Commenting on the partnership Executive Director, FATE Foundation, Adenike Adeyemi, said: “We believe programmes like this are vital to building and developing the skills of the next generation of entrepreneurs in Nigeria. At the heart of what we do is harnessing the already strong entrepreneurial culture of Nigerians, whilst providing the knowledge and support required to fully explore their innovative potential, and we look forward to working with Facebook to help achieve this.”

Graduates will also have an opportunity to receive mentorship from Fate Foundation for a year along with other program incentives.

Interested participants are to register here. 

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EFCC: Former Governor Of Kogi State, Yahaya Bello Fails To Show Up In Court, Says He Is Scared Of Arrest

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The embattled immediate past Governor of Kogi state, Yahaya Bello, says he would have appeared at the Federal High Court in Abuja to answer to the 19-count charge preferred against him by the Economic and Financial Crimes Commission, EFCC, but is afraid he would be arrested.

Though Bello was absent for his arraignment today April 23, His team of lawyers addressed the court on his behalf.

A member of his legal team, Adeola Adedipe, SAN, had this to say on his behalf;

“The defendant wants to come to court but he is afraid that there is an order of arrest hanging on his head,” Adedipe, SAN, submitted.

Adesipe then appealed to the court to set aside the exparte order of arrest it earlier issued against the former governor. The lawyer contended that as at the time the order of arrest was made, the charge had not been served on his client as required by the law.

He argued that it was only at the resumed proceedings on Tuesday that the court okayed substituted service of the charge on the defendant, through his lawyer.

“As at the time the warrant was issued, the order for substituted service had not been made. That order was just made this morning. A warrant of arrest should not be hanging on his neck when we leave this court,” counsel to the defendant added.

According to him, the Federal Government did not consult the 36 States of the federation before it enacted the EFCC Act through the National Assembly. He argued that section 12 of the 1999 Constitution, as amended, required the various Houses of Assembly of states to ratify the Act before it could become operative.

“This is a very serious matter that borders on the constitution and the tenets of federalism. It has to be resolved because as it stands, the EFCC is an illegal organization,” Bello’s lawyer added

However, EFCC’s lawyer, Mr. Kemi Pinheiro, SAN, urged the court to refuse the application, insisting that the warrant of arrest should not be set aside until the defendant makes himself available for his trial.

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Nigeria Has Secured $2.25B World Bank Loan With An Interest Rate Of 1% – Minister Of Finance

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The minister of Finance and coordinating minister of the economy, Wale Edun has announced that Nigeria has secured a $2.25bn World Bank loan with a 1% interest rate.

While speaking at the annual meetings of the International Monetary Fund (IMF) and World Bank Group on April 20, Edun disclosed that the loan was approved by the board of directors of the World Bank, and offers a 40-year term, a 10-year moratorium, and a one percent interest rate.

He said;

“If you look at the fact that we have qualified for the processing, just this week to the board of directors of the World Bank of a total package of $2.25 billion.

“There is no such thing as a free lunch but it is the closest you can get to free money. It is virtually a grant. It is about 40 years, 10 years moratorium and about one percent interest. That also is part of the flow that you can count.”

He added that Nigeria also secured similar budgetary support and low-interest funding from the African Development Bank (AfDB). Edun said;

“Clearly, there are also ongoing discussions with foreign direct investors. Some of these things take longer than you expect but they are relatively advanced discussions on major foreign direct investments flows into the country, specific transactions with specific companies, institutions, and authorities.”

This news has however stirred different reactions from citizens as not everyone agrees with the idea of Nigeria borrowing money.

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Update On How Bobrisky Is Treated In Prison – Top Official Discloses

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Top official of the Nigerian Correctional Service has given an update on how crossdresser, Bobrisky is being treated in prison.

Recall that Bobrisky was handed a six-month prison sentence over naira abuse. While sentencing him, Justice Abimbola Awogboro of the Federal High Court in Lagos, said the judgment would be a deterrent to others who are found abusing and mutilating the naira.

An official of the prison who spoke to Punch said the crossdresser was taken to prison after the judgement and he was examined at the point of admission. It was also stated that no realignment of gender or genital organ was discovered as his male biological features were the same.

The source told the publication;

“Bobrisky made a public declaration that he was a male and court proceedings are public records. Every inmate brought into a facility during admission is examined. He was equally examined and no realignment of gender or genital organ was discovered. The male biological features were the same.

“After that, a cell was allocated to him, and he had a certain number of inmates with him. A bed space was also allotted to him. It is just like a boarding house where your housemaster will issue you your personal belongings.

“When it is time for class, he attends. When it is time for food, he will go and get his portion. The same goes with prep and light out. He observes all these without preference. He has been going about his business just like other inmates since he was brought in here.

“He is not getting any five-star treatment and is not being protected from anybody. He follows the same rules and regulations just like every other inmate. Single cells of isolation cells are to prevent outbreaks of communicable diseases.

” In a male prison, homosexuality is outlawed and it is a grievous offence. Sodomy or homosexuality, is frowned upon here in the custodial centre. So any inmate that tries to violate him will face the law.”

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