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AfDB, Sophia University in Japan sign MOU to build capacity

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The African Development Bank (AfDB) and Sophia University in Japan, have signed a Memorandum of Understanding to promote capacity development within the two institutions for their mutual benefit and the entire African continent.

The agreement was signed Friday at the Bank’s Abidjan headquarters.

It is our sincere wish that this day will be an opening of bright future possibilities for all of us. We strongly hope our coming together today is not for a mere signing of an agreement, but a step towards shaping the future world,” said Professor Terumichi Yoshiaki President of the university, who signed for his institution.

Sophia University, a leading private Jesuit university with a student population of 14,000 (2018), is one of many in the country that host the Japan-Africa Scholarship, which provides two-year scholarships to high achieving African graduate students to enable them undertake post-graduate studies in priority development areas on the continent and abroad.

The Bank Group’s office in Japan and the Human Capital Development Department will continue working closely with Sophia University, to support the Bank’s engagement with Japanese academic institutions and to broaden the university’s knowledge base about Africa, Terumichi said.

Speaking at the signing ceremony, African Development Bank Senior Vice-President, Charles Boamah, recognized the importance of the new partnership with the university and lauded Professor Terumichi’s gesture in traveling to Abidjan to sign the agreement in person.

The MoU also supports Sophia University’s capacity to educate Japanese young people to be ready to work for the Bank. This will be a win-win strategy to improve both organizations’ activities,” he said. “By doing this, we at the African Development Bank would like to give positive impact to the Light up and Power Africa initiative, one of our important strategies to create sustainable development in the continent,” Boamah added.

Cooperation between the two organizations dates back to 2015, when the Bank’s Asia External Representation Office and Sophia University signed an education partnership agreement.

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FG Declares April 18, 21 Public Holidays for Easter Celebration

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The Minister of Interior, Dr. Olubunmi Tunji-Ojo

The Federal Government has declared Friday, 18 April and Monday, 21 April 2025 as public holidays to mark Good Friday and Easter Monday celebrations across the country.

This was announced in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Dr Magdalene Ajani, on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo.

“Announcing this on behalf of the Federal Government, the Minister of Interior, Dr Olubunmi Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion,” the statement read.

The Minister emphasised the significance of Easter, urging Christians to reflect on the virtues of sacrifice, love, and selflessness exemplified by Jesus Christ, who laid down His life for the redemption of humanity.

Dr Tunji-Ojo also encouraged Nigerians to use the holiday period to offer prayers for peace, unity, and stability in the country. He reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the Renewed Hope Agenda, aimed at driving national growth and development.

In his message, the Minister called on citizens to extend love and goodwill to their neighbours through acts of kindness and generosity, embodying the spirit of Easter.

He concluded by wishing Christians a blissful Easter celebration and extended warm holiday greetings to all Nigerians.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

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There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.

The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.

The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.

The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.

It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.

As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.

Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

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There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.

The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.

The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.

The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.

It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.

As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.

Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.

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